Portfolio snapshot -
Long - $ADYEY $AFRM $AMPL $CFLT $DDOG
$DLO $GLBE $GTLB $LILM $MELI $MNDY $OKTA
$S $SE $SNOW $SOFI $TOST $TWLO $U $ZI
Short - $ARKK #RTY_F
After raising cash at start of Dec, am now done re-investing. Portfolio is hedged via $ARKK + net short via #RTY_F.
Long - $ADYEY $AFRM $AMPL $CFLT $DDOG
$DLO $GLBE $GTLB $LILM $MELI $MNDY $OKTA
$S $SE $SNOW $SOFI $TOST $TWLO $U $ZI
Short - $ARKK #RTY_F
After raising cash at start of Dec, am now done re-investing. Portfolio is hedged via $ARKK + net short via #RTY_F.
Secular growth stocks have already been murdered!
Most are down 50-75% from their ATHs and even $ARKK declined by 60% from its ATH and gave back all of its post-COVID gains (this, despite the fact that the underlying companies grew rapidly in 2020/2021).
Cont...
Most are down 50-75% from their ATHs and even $ARKK declined by 60% from its ATH and gave back all of its post-COVID gains (this, despite the fact that the underlying companies grew rapidly in 2020/2021).
Cont...
In January, $ARKK bottomed at $64 and then tested that low a few days later.
After the recent rally, current pullback has found support *above* last month's lows. Base formation seems to have begun and the crash is in the rear view mirror. This is time to scale in and buy fear.
After the recent rally, current pullback has found support *above* last month's lows. Base formation seems to have begun and the crash is in the rear view mirror. This is time to scale in and buy fear.
Very tough to know whether we've seen *the* low for the secular compounders/high growth stocks.
Should the indices decline over the next 4-6 weeks, high growth stocks may also come under pressure but I suspect they will show relative strength and should be bought on weakness.
Should the indices decline over the next 4-6 weeks, high growth stocks may also come under pressure but I suspect they will show relative strength and should be bought on weakness.
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