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The Ark funds are in full reversal right now. Missed them on the way up.... if they drop more I might buy a few shares but don't fight the trend....
If ARKK has another big down day tomorrow, I'll be looking to buy it back if it goes to the 200 day moving average, which as of now would be around an 18-19% further decline.
Whatever happened to the idea that the drawdown on Ark funds wouldn’t be so bad because it had a similar drawdown to the index funds last March? So much for that...
Wonder where these funds are going to end up before they start going back up
No one knows, but my sense is that they have a ways to fall. I track a lot of the high-fliers that ARKK is so fond of and there is almost no company that is keeping up. PSNL down 50%; GH down 30%; EXAS down 25%; NVTA down 45%; NTRA down 20%.
Reminds me of the dotcom crash, but with this group there actually will be some long term winners.
This isn’t their first rodeo going down. ARKK went down 45% in the March crash. However, I think if this ends up turning into another actual crash and not just a correction, it could drop another 50% further.
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