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by carnitine 1511 days ago
Price targets and investment research reports have nothing to do with the PR department.
1 comments

ARK wants even needs investors. Going on CNBC and telling everyone that the core asset of your fund is going to the moon, dont miss out!!!!!!!! is how you get investors to pay you a fat fee. Going on CNBC and announcing that your research department think your investors are going to lose 50% isnt good for business.

The price targets and investment research is entirely PR - designed to get investors to invest with the fund.