The blue dotted lines in my chart are technical support lines.
I do not think Cathie Wood is a fraud. But yes, the bear market will sink a lot of guru's before its done.
Doubling Down on Dumb
ARKK Innovation Holdings
Question of the Day
How many of those companies will not survive?
If you started averaging in at 40 or even 30, adding every month you have not exactly done very well.
Where's Monthly Support?
ARKK is close to support at 37 right now.
Beneath that there is technical support at 32 then 17 or so. If that fails, there's always a complete round trip to 13.69.
ARKK Top 10 Holdings
The fate of ARK rests with the the stocks
Ark Open Source Model Predicts Tesla Shares Will Hit $4,600 by 2026
Looking even further ahead to 2030, Wood predicts a share price of about $22,500 equating to a market cap of roughly $22.5 trillion.
US Real GDP in 2021 was $19.8 Trillion.
ARK is predicting the valuation of Tesla will exceed the entire US real GDP by the early 2030s.
Yes, this is more than ridiculous. It also says something about guru price models.
This post originated at MishTalk.Com.
Thanks for Tuning In!
Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.
If you have subscribed and do not get email alerts, please check your spam folder.