ARKUSDT
Ark / Tether USD
crypto Composite

My sister who is 29 has one. But it’s the same guy as my dads. It’s what happens when you are shown how to save money and work hard in school/work. Eventually those kids have high salaries, dual income, and need someone to tell them what to do with it.
This guy also tried putting my father on ARK a couple years ago. I looked at the holdings and almost vomited lol. ROKU??!!!!? the fuck…..

Cathie Wood’s ARK Invest increased its exposure to Space Exploration Technologies Corp. (NASDAQ: SPCX) on Friday, July 17. It purchased nearly $18.3 million worth of shares after the stock tumbled to a new post-IPO low. Meanwhile the investment firm also sold off some of its shares in Robinhood Markets on the same trading day.

She also bought MU between 900 and 1000. ARK is down 35% in 5 years
yes she is one of us

I'm not sure about the timelines.. was ARK still flying high at the time? If it was she had a lot of attention and influence at the time. It was the best performing fund for awhile and got tons of attention.

I’m seeing ARK investing ads again, we have further to drop

Just discovered ARK's Twitter account, nonstop spacex posts today. What else you gonna do after spending $70m catching the falling knife called SPCX over the last week.
Thank you Cathie Wood for being a ray of sunshine during these trying times 🥀

What year is this? Should I expect shills for Vertcoin, REQ, ARK, Komodo, and Nano too? lol

Between the two; Tesla is a much better investment and that’s not saying much. Tesla started with a very low valuation like 10-20B for a long time thus allowing lots of people and funds to gather and form a nice basis.
These original diehards won’t sell because they don’t need to and their basis is so low that they can take a -50% and still be profitable. I have friends who got in Tesla before it 20x and they will never sell and pay taxes in their mind..
SpaceX never provided that same wealth creation. It was 2 trillion right from the start and well connected funds didn’t get in cheap. ARK has to buy in the open market. So they don’t have a nice cheap basis that can just hold..

Morgan Stanley, the lead underwriter for SPCX, is also the biggest holder of Cathie's ARK Innovation Fund.

SARK payed out a huge dividend a year or two in after ARK was plummeting.

Look at a long term chart of ARK. She’s not recovered since the peak. Meaning, if she ran a hedge fund she hasn’t retraced the high watermark and wouldn’t be getting paid. Instead, idiot retail investors pour money into her shill/Elon cult.

$MDWD Why is Cathie Wood’s ARK Fund Backing this Israeli Innovator? (NASDAQ: MDWD)

I've been lurking in other subs and there's straight up hostility towards spcx. After digging into the details, I think it's time to buy.
\- Anyone is happy to tell you about the august unlock, so it's well known, likely priced in, and if insiders \*\*don't\*\* sell it could be a sell the rumor, buy the news
\- Hostile sentiment is basically people positioning for continued failure
\- The bear case arguments are kind of shite -- last year's losses were from xai acquisition and refinancing a bridge loan on more favorable terms.
\- Institutions are accumulating (e.g. ARK), which absorbs the selling and supply
But here's the real kicker:
\- Everyone knows the float is limited, but it's even more limited than people think because of that institutional accumulation. Cathie's probably not going to sell and let someone cover. It was, what? 30% a couple weeks ago? but that's based off the total available float, not the total that's realistically tradable.
\- borrow costs may be deceptively low -- locked up shares could be available for lending programs, so that's keeping borrow cost down.
If today's starship flight launches and succeeds, it could be a near term catalyst to the upside. All these things taken together? I don't think selling is the smartest move.
So, it's probably heading to $90 from here.