Dont Short ARK, Buy SARK..!

١٧ فبراير ٢٠٢٢

I believe It would be better to Buy SARK instead of Shorting ARKK..!

Why?

Look at ARKK biggest bets:

TSLA:


COIN: ARKK average cost 284 USD/Share


HOOD: ARKK average cost 30 USD/Share


PLTR: ARKK average cost 24 USD/Share


RBLX: ARKK average cost 84 USD/Share


I don't know when they want to start their active management???

They just keep buying, the problem is they don't have any money and they just sell tesla and buy others..!

The difference between tesla and their other investments is, Teslaraties believe in Elon Musk and it is a religion for them..!



Looking at my post published on FEB 14th, 2022:


About Tuttle Capital Short Innovation ETF
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.


Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital



You can see the most important support(green line) and resistance (red line) levels.

Best,
Moshkelgosha

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