shining87
2021-12-03

Problem is ARK did great playing musical chairs. They pushed up the pps early last year by constantly by more shares of the companies they already owned. They got more and more money coming as their returns looked great.

But in mid February when they stopped buying those shares they started to falter. Then people realized that many of their picks had little to no revenue or profits.

Perhaps, in 5 years some will do great but many might be out of business. Then people who understood the fame started shorting ARK stock picks and the chair collapsed as everyone could see that many were just hyped up on a tech idea that may or may not ever work out. I sold out early but hung on to many ARK stocks I bought myself. A very bad move that has cost me. The market doesn't look good for at least the next few months so I am sitting and waiting.$ARK Innovation ETF(ARKK)$

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