All things STOCKS

#18,251
#18,251
@1RBFjr said:
Anyone in ARKVX? The Open AI exposure is intriguing, but the Musk companies comprising about 25% of the holdings is concerning. And Cathie Wood.
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No but I’ve held ARKF, ARKG, ARKK, and ARKW since 2022. ARKK is dead money. ARKG (Genomics) is still off by about 25%. ARKF (Fintech) has done okay (+44%). ARKW ( Next Generation Internet) has been exceptional (+146%). Her funds have generally done worse than indexes in down markets but some have outperformed in bull markets.

I’m not going to buy more. I’ll dump ARKG if it gets back to even (bad discipline, but whatever - cutting losses and using the proceeds to put in better ideas is what advisors preach).
 
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#18,252
#18,252
ARKVX has a very high expense ratio and Schwab charges a $50 transaction fee to trade it.

SpaceX: 12.11%
Neuralink: 6.94%
OpenAI: 6.26%
Lambda Labs: 6.15%
X.AI Holdings: 5.24%
Anthropic: 3.15%
Hammerspace: 3.0%
 
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#18,253
#18,253
Thunder Good-Oil said:
ARKVX has a very high expense ratio and Schwab charges a $50 transaction fee to trade it.

SpaceX: 12.11%
Neuralink: 6.94%
OpenAI: 6.26%
Lambda Labs: 6.15%
X.AI Holdings: 5.24%
Anthropic: 3.15%
Hammerspace: 3.0%
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Asking my dumb question of the day, how does she buy SpaceX and place into a mutual fund?
 
#18,255
#18,255
Thunder Good-Oil said:
It’s Private Equity. Stock in those companies isn’t available directly to most individuals. Investors need to be accredited to qualify.
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Thank you. Didn't know how that works.

Cathie got too trigger happy for me. Almost day trading seemed like. Took great risks on groups with huge negative EPS.

I get that was her idea, but it became far more misses than hits.
 
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#18,256
#18,256
Jax_Vol said:
Thank you. Didn't know how that works.

Cathie got to trigger happy for me. Almost day trading seemed like. Took great risks on groups with huge negative EPS.

I get that was her idea, but it became far more misses than hits.
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She’s held a **** ton of TSLA. She adds a lot of obscure names - I hadn’t heard of a lot of them.

I don’t know if she does a lot of trading. She’s had to buy something when cash pours in. Then when individuals are pulling money out of her funds she’s vulnerable to having to sell to raise cash for those redemptions. She also publishes her activity every day which isn’t an SEC requirement.

She doesn’t have a long term track record. She hit on several names about 10 years ago but was hammered when her themes of new technology fell hard in bear markets.

ARK reminds me of the old Knoxville based Millennium Fund that Robert Loest was running (IPS Advisory) 25 years ago. Millennium’s theme was disruptive technologies. He passed away in 2010 at age 67. He was on WSW with Louis Rukeyser and on Bartiromo as well as other financial programs on the big cable channels.
 
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#18,257
#18,257
Thunder Good-Oil said:
She’s held a **** ton of TSLA. She adds a lot of obscure names - I hadn’t heard of a lot of them.

I don’t know if she does a lot of trading. She’s had to buy something when cash pours in. Then when individuals are pulling money out of her funds she’s vulnerable to having to sell to raise cash for those redemptions. She also publishes her activity every day which isn’t an SEC requirement.

She doesn’t have a long term track record. She hit on several names about 10 years ago but was hammered when her themes of new technology fell hard in bear markets.

ARK reminds me of the old Knoxville based Millennium Fund that Robert Loest was running (IPS Advisory) 25 years ago. Millennium’s theme was disruptive technologies. He passed away in 2010 at age 67. He was on WSW with Louis Rukeyser and on Bartiromo as well as other financial programs on the big cable channels.
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Thanks to you and @Jax vol for your thoughts. I’m not comfortable, so I’m going to pass for now.

I knew Robert and Bill Rukeyser (a brother of Louis’s). Both nice guys who I miss seeing around.
 
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#18,258
#18,258
@1RBFjr said:
Thanks to you and @Jax vol for your thoughts. I’m not comfortable, so I’m going to pass for now.

I knew Robert and Bill Rukeyser (a brother of Louis’s). Both nice guys who I miss seeing around.
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Yep. William Rukeyser was a Whittlite.

Wall Street Week with Louis Ruykeyser was the best stocks program on TV. It’s a shame what PBS did to it.

Loest used to roller blade around downtown Knoxville.
 
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#18,259
#18,259
Jax_Vol said:
Five years ago, I thought Cathie had some good ideas.

Lost some $ on those "good ideas".

Unsure what happened, but she became unpopular. So, I stopped following along during pandemic.

But, yeah...open AI will better the world. Unsure who will profit from it though. If referring to the company OpenAI, I have no clue on them.

In general, good ole MicroSoft and NVDA seem to be currently raking on AI.
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She became unpopular when people finally realized she underperformed the market.....
 
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#18,261
#18,261
4% jump by CVX yesterday was quite unusual - wonder if that means the Hess deal is going through despite Exxon’s efforts to thwart it?
 
#18,263
#18,263
Thunder Good-Oil said:
I’m tempted to grab shares of UNH. 50% plus off of the 52 week high.
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Trying to catch a falling knife so quite dicey. Current admin truly cutting the fire out of health care. My thought is that there are greener pastures elsewhere.

Plus, the RFK Jr factor. Nothing health related for me until maybe October to see what settles out.
 
#18,264
#18,264
Thunder Good-Oil said:
I’m tempted to grab shares of UNH. 50% plus off of the 52 week high.
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I don't understand the desire to sort through the scrap heap during a bull market. If we were in a bear market, sure, but there's gotta be better opportunities elsewhere. Seems like a better strategy is to buy things that have been working on pullbacks.

If you want to bottom fish, I'd at least start with something that isn't in a downtrend on a daily chart, like INTC.
 
#18,267
#18,267
Jax_Vol said:
Trying to catch a falling knife so quite dicey. Current admin truly cutting the fire out of health care. My thought is that there are greener pastures elsewhere.

Plus, the RFK Jr factor. Nothing health related for me until maybe October to see what settles out.
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I don’t know if I’d label UNH as a falling knife AFTER it’s already corrected by over 50%. Catching an exact bottom is luck.

The entire sector has been under pressure for a while. The demographics are very favorable.

As an insurance company, they get to adjust their premiums whenever claims exceed benefits paid.
 
#18,268
#18,268
05_never_again said:
I don't understand the desire to sort through the scrap heap during a bull market. If we were in a bear market, sure, but there's gotta be better opportunities elsewhere. Seems like a better strategy is to buy things that have been working on pullbacks.

If you want to bottom fish, I'd at least start with something that isn't in a downtrend on a daily chart, like INTC.
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I already own NVDA, PLTR, HOOD, INTC, and others. LMT. HD. AAPL. AMZN. GOOGL. IBM. KR. BX. BLK. MLM. MCD. WM. MA. MS. AX. AXP. ORCL. Private equity firms. The largest health insurer seems like a good fit. Possibly McKesson as well.
 
#18,269
#18,269
Thunder Good-Oil said:
I don’t know if I’d label UNH as a falling knife AFTER it’s already corrected by over 50%. Catching an exact bottom is luck.

The entire sector has been under pressure for a while. The demographics are very favorable.

As an insurance company, they get to adjust their premiums whenever claims exceed benefits paid.
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DOJ investigation?
 
#18,270
#18,270
I thought it had hit bottom in April. I'm not seeing any news that makes me think confident there is any significant bounce back. But, again, not really picking on UNH. I can rattle off 8-10 health companies that have all cratered since RFK Jr entered the picture.
 
#18,271
#18,271
Thunder Good-Oil said:
I already own NVDA, PLTR, HOOD, INTC, and others. LMT. HD. AAPL. AMZN. GOOGL. IBM. KR. BX. BLK. MLM. MCD. WM. MA. MS. AX. AXP. ORCL. Private equity firms. The largest health insurer seems like a good fit. Possibly McKesson as well.
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Suggest a healthy dose of MSFT while under $500. They are just getting started.

Eat that loss on INTC. Dead $.
 
#18,272
#18,272
Jax_Vol said:
I thought it had hit bottom in April. I'm not seeing any news that makes me think confident there is any significant bounce back. But, again, not really picking on UNH. I can rattle off 8-10 health companies that have all cratered since RFK Jr entered the picture.
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I think that Big Pharma is more vulnerable. I don’t think that UNH is as dependent on Medicare or Medicaid.
 
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