All things STOCKS

#8,252
#8,252
Kingston Vol said:
Right - bragging about returns this year is silly.

Sustainability for 40 years is what matters. And I'm not suggesting I have a better chance than anyone else.
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In the past 12 months, I have bought and sold stocks in 58 different companies. I have made money on 58/58. Either, I should be running a mutual fund or every idiot is making money now.

I'm going to bet on every idiot is making money. I also know this trend won't continue in perpetuity either.
 
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#8,257
#8,257
Kingston Vol said:
What do we think? Worth buying?
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I honestly have no idea what 90% of the companies that she owns do. I just pulled that list off of the ARK website a day or two ago. I wish I had it in a spreadsheet or database and on a desktop. I’ve been doing all of my work on a new iPhone. I’d like to sort it by the size of her holdings and by how much is in each of the 5 actively managed funds. I might revisit the ten largest holdings lists by fund.

I’ve found that mutual fund and ETF disclosures are great places to learn company names. I see them there long before they start getting hyped by CNBC’s pumpers.
 
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#8,258
#8,258
Workhorse crashed after Oshkosh was announced as the winning bidder to replace the current fleet of postal vehicles. The current ones have been around since about 1986, have no power, no A/C, get horrible gas mileage, and tend to catch on fire.
 
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#8,259
#8,259
She's a real believer in Telsa, it seems. Heard her on the radio this afternoon talking up its data advantage.

 
#8,260
#8,260
Velo Vol said:
She's a real believer in Telsa, it seems. Heard her on the radio this afternoon talking up its data advantage.

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In all likelihood, she's making the same mistake bubbleheads in 1999 and 2000 made in tech stocks. She might be completely right about Tesla's technology and how disruptive it is. However, she's conflating that opinion with the opinion that the stock is also a good buy today at 1100x earnings. There can be (and often is) a difference between how you feel about the business/company and how you feel about the stock.

She might have stopped the decline yesterday, which is pretty amazing really. Not entirely by herself (her blunting of the selloff in TSLA could have begotten some short covering, and then dip buying in other names), but still wild.
 
#8,261
#8,261
If Cathy Woods closes her funds will they be profitable?
It appears to me that she drives the price of her stocks up by bringing in new/more money. I believe the Ark managed $ has grown 1000% in the last two years.
 
#8,262
#8,262
Go aeiou said:
If Cathy Woods closes her funds will they be profitable?
It appears to me that she drives the price of her stocks up by bringing in new/more money. I believe the Ark managed $ has grown 1000% in the last two years.
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Who is "they?" Are you asking if she closes her funds, will the companies in them be profitable? One has nothing to do with the other.
 
#8,263
#8,263
Thunder Good-Oil said:
I honestly have no idea what 90% of the companies that she owns do. I just pulled that list off of the ARK website a day or two ago. I wish I had it in a spreadsheet or database and on a desktop. I’ve been doing all of my work on a new iPhone. I’d like to sort it by the size of her holdings and by how much is in each of the 5 actively managed funds. I might revisit the ten largest holdings lists by fund.

I’ve found that mutual fund and ETF disclosures are great places to learn company names. I see them there long before they start getting hyped by CNBC’s pumpers.
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I do like looking through these lists to do due diligence on companies I havent heard much about.

One of companies I looked at was 3D Systems Corporation (Stock Symbol: DDD). My opinion is DDD is a better cup size than investment opportunity at this time.....
 
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#8,264
#8,264
Thunder Good-Oil said:
I honestly have no idea what 90% of the companies that she owns do. I just pulled that list off of the ARK website a day or two ago. I wish I had it in a spreadsheet or database and on a desktop. I’ve been doing all of my work on a new iPhone. I’d like to sort it by the size of her holdings and by how much is in each of the 5 actively managed funds. I might revisit the ten largest holdings lists by fund.

I’ve found that mutual fund and ETF disclosures are great places to learn company names. I see them there long before they start getting hyped by CNBC’s pumpers.
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One of my favorite pastimes. Yes, I'm a nerd. Not only do you see exactly how some of these funds are positioned but I find out about companies I'd never heard of before. Especially some of the small and mid cap names.

When I first did that exercise with Cathie Wood's funds, I was surprised just how exposed she was to TSLA across almost all of them. I get it - they are a large market cap company and definitely a "disruptor," but multiple funds had at least a 10% stake or more in that one name. And apparently yesterday she committed even more capital to it.
 
#8,265
#8,265
05_never_again said:
Who is "they?" Are you asking if she closes her funds, will the companies in them be profitable? One has nothing to do with the other.
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Sorry, will the fund values continue to grow. Do the values grow because she has to keep buying more of the same stocks or adding new ones? OTOH, maybe there is enough demand of the stocks by people who "buy what .

Oops, I'm thinking mutual fund, not ETF.
 
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#8,267
#8,267
Go aeiou said:
Sorry, will the fund values continue to grow. Do the values grow because she has to keep buying more of the same stocks or adding new ones? OTOH, maybe there is enough demand of the stocks by people who "buy what Cathy buys".
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The size of her fund grows or shrinks from both elements...it grows if the stocks keep going up and/or she keeps getting inflows, and it'll shrink if the stocks keep going down and/or she gets outflows. If she keeps getting big outflows, she'll have to liquidate positions to meet redemptions. And of course if the fund shrinks, the pool of assets she is charging fees on shrinks, and so she makes less money.
 
#8,268
#8,268
I sold a lot of puts on workhorse over a long time. As long as they didn't lose the bid right then, they always expired worthless.
 
#8,269
#8,269
I'm happy Cathy Woods is doing so well. She's the same as any other person who's done what she's done. There are people working in a shoestore that bought apple in 2005 and bitcoin in 2015. The trick is not to think you caused it (which I'm sorry to say she might not pull off).
 
#8,270
#8,270
Wood is going to have to buy a lot of AMZN, AAPL, TSLA, and other mega-caps going forward unless she puts limits on new investors in her ETFs.
 
#8,275
#8,275
It's funny - the action the last few days has been presented as rotation into "the reopening trade," but now almost everything is ripping. ARKK is up today.
 
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