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J.D. Penny

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J.D. Penny

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Sunday, 02/28/2021 10:53:18 PM

Sunday, February 28, 2021 10:53:18 PM

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Per my boy Wang, “I figured why cgen has gotten smacked in the last week. So ark funds. The cathie wood fund that started this whole craze owns 29% of cgen. They had record outflows this week so they were forced to sell some stock. Ark was the firm that bought tesla when it was $100 and said it was going to $2000. They also own a huge chunk of BIDU. Stock fell from 350 to 280 this past week (similar selling to cgen)”

“Ark still owns a ton of cgen in all their different funds. Everything they invest in is next generation technology.”
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