Ok. I know. This could generate really polarizing and hateful responses. I do know that there are many SARK lovers. Yes. But this is something that is worth discussing.
The ETF has done terribly. Understatement of the year. I know. Its at the same level as it was 5 years ago and cathie says her time horizon is 5 years. I am aware. Zoom, Tdoc, Roku, Coin are some of the most hated names today. Yes. TSLA still has ~20% more downside, potentially. Agree.
Is this area beween 32-35 a buy for ARKK if you are already in the stock. If you are already own ARKK and bought it in tripple digits (ouch), is this the time to avg down. I understand that avg down shouldnt be just to avg down a holding if its a bad stock. One should look at the new money as separate investment and see if it makes sense to invest in the stock at these levels. Yes.
If recession is coming, interest rates are likely going to pause or turn over. Could these levels be good to step in for ARKK ?
What are your thoughts ? Is this the time to go contrarian ?
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