After -26% loss in less than 3 weeks, I’m pretty much sure this will continue another 15-20% in the next 1-3 months!
We should wait and see if her portfolio manager could keep his sit at Ark invest!
When you underestimate the power of a scared little investors, this will happen!
It takes years to build a trust, but it takes seconds to lost it once and forever!
ARK invest had benefited the most from social media ands its power to seduce people invest in overvalued stocks in the last few years. While many people thinks ARK is progressive investing firm, I believe they do nothing but massive scale PUMPS & DUMPS using the power or of social media..!
You don’t believe me, check ARK watcher and see how they emptied their so called disruptive medical and technical companies! For instance,They sold all their Crisper stocks a few months after its founders received NOBEL PRIZE. But you know what, they pumped it from 12 to +200 in a couple of months..!
History will be the best judge..!