What Did You Buy Today?

[Otter]

(03-30-2021, 10:08 AM)fenders53 Wrote:

(03-30-2021, 09:43 AM)divmenow Wrote: Guess I will join the club in ARKX as well. Mine as well get info the ground floor levels lol

Also added some more AVGO and CP

I sold some FIVE that I use for the proceeds

There may be three floors underground short-term but who knows lol.  For the immediate future I have a feeling this is going to migrate towards owning a substantial position in defense stocks LMT-BA etc.  That's probably smart.  I did a little digging and mostly it's a stretch to consider a lot of the initial ARKX holdings as space stocks.  When the high multiple stocks find a bottom this fund will probably evolve quickly into Momo that has a chance to fly in the nearterm.  That's not a bash, just the reality.  She knows how Momo works and spends a lot of her time feeding the narrative.  Just thinking out loud.

Whenever SpaceX IPOs, the fund will be mostly that. Just a few years ago, ESA's Ariane 5 dominated the launch business. They decided to be lazy and develop their next gen Ariane 6 without making it reusable. It is already obsolete because of what SpaceX has managed to engineer with Falcon 9 and Heavy. 

With the exception of government contracts awarded to key players (like BA) to keep them in the launch business, the entire world's rocket fleet is now obsolete thanks to SpaceX, and every competitor (who spent most of the past three decades doing little to innovate and collecting sweet, stable government money) now finds themselves at least a decade behind the curve. 

Reusability has become a horse/buggy vs. automobile issue, and SpaceX is Ford in the roaring 20s.