I love my shiny new medal, LLR
- 90d 17h 49m
Speculative tech is really not looking good. Warned about PLTR chart for a bit now looks poised to lose support levels. Many names daily charts starting too look ugly. ZG, DOCU, PLTR etc. More and more of them are losing their 200d ma's and are clearly trapped in downtrends with rallies setting lower highs.
Sanrith mentioned before about the ARKK basket of goods flaming out, if we see a complete collapse in these names then ARKK would be in serious trouble. While I believe Cathie is in these names for the long haul 5-10 yrs min. her average investor is not. THey were part of the speculative gambling crowd which gave her tons of money to work with. If they abandon her she will be forced to sell these illiquid names against her will to meet redemptions.
If this happens the best of them should be bought that doesnt mean they will ever go back to the valuations they had back in January.