Sinking the ARK Part 2

See Part 1 here: Sinking the ARK Part 1

The last post covered the top-10 holding in ARK, this post will cover the 10 largest ownership positions. The thesis here is that iff orced to sell, the ARK funds will have an outsized impact on these stocks. The next level of research, which I don't plan posting on, is to go through the volume data and find the stocks that are less liquid. I published a list like this earlier in the year on ARKK alone.

The list below is heavy in bitoech companies. I generally avoid these because they can soar on good news.

First up is BLI. This is a relatively new company. I shorted this earlier this year because of high ARKK ownership and it being an IPO. Below $22.51 and it should slide.

Beam Therapeutics. A subject for another post is whether the not-vaccines, if proven to be killing people, will wreck genetic medicing for a generation. Unclear if something like that is in the works, or if we're seeing the "ARK effect " in biotech, or this is simply a potential topping pattern.

Vuzix.

Signify. Losing ground since its IPO. Where's support? Nobody knows.

I don't want unlimited upside risk in a stock like this, working on cancer drugs. That could be a topping pattern in the works though.

Personalis. Notice the pattern similar to TDOC, which I covered in the last post.

And TDOC again.

Of FATE, CGEN and PACB, the FATE and PACB looks most interesting to me, but like with some of the ones above, CGEN might have plenty more downside to come.

Finally, here's the ARK Genomics ETF, ARKG. Notice the simlarity to some of the above charts.