ARKK 56% off the highs
Updated
I've been patiently waiting to start re-accumulating this name, since it is 56% off it's all time highs, I don't see why the irrationality in the growth stocks won't continue. I may add some at the current levels but my main buys are in the overshoot and panic that could bring the price down to the levels indicated on the chart. I'm long term bullish on American Tech. Good luck all.
Note
I am still on the fence about entering here, waiting to see what the macro environment looks like going into the summer. Ideally, I would like to see it bounce around on the bottom green line or in this zone and start to turn up. Then I would fell more comfortable starting a position.Note
A month later, to the day, I have started to accumulate this beaten down index. Can this name slink around the $20 range, sure.. But I am building a position slowly while it is far off it's highs as I believe in this manager and the names her team picks for the long term.Note
Still buying, this is awesome! AS an investor, or future investor reading this, take note, these are the times to buy. Can it go lower? Sure, but this is an ETF betting on tech, is tech all of a sudden NOT the future because JPOW wants to raise rates? I don't think so. Those with patience will be rewarded.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.