ABU DHABI // All of Wednesday’s winners at the Abu Dhabi Junior World Jiu-Jitsu Championship want be a black belt and reach the pinnacle of the sport.
Not everyone will make it, of course, but a few future world champions were probably in action at the FGB Arena.
Christina Zynko, 15, from the United States believes she “definitely” can make it big in the sport.
Her two older siblings are professional ballet dancers and she says she knows what it takes to become a professional athlete.
“And I have my family behind me,” She said. “My parents support me a lot they travel all over with me. They came with me to Abu Dhabi just to support me.”
Zynko bagged the gold medal in the female white-blue juvenile 56.5kg with victory over Claudia Beer of South Africa in the final on Wednesday at the FGB Arena at the Zayed Sports City.
The Florida resident is a green belt but was eligible at lower rank as she was competing against older girls between 16 and 17.
Zynko arrived in Abu Dhabi after winning her passage from the trials in New York and said it was a “real good experience” to compete and win in her maiden overseas championship.
“I am really excited winning in Abu Dhabi. This medal means so much for me. I have taken part in countless competitions back home but this is my favourite and best so far,” she said.
“I want to come back next year, hopefully. I want to compete around the world and be the best. And then I want to be a pro jiu-jitsu fighter and travel all over the world.”
Zynko trains under the Florida-based Roberto “Cyborg” Abreu, the super heavyweight Brazilian jiu-jitsu fighter, whom she says is her role model.
“I definitely think I can make it,” she said. “I train four days a week with the pro athletes in my gymnasium. There are so many world champions there and I know what it takes and I am already getting on it.”
Zynko has been doing jiu-jitsu for only four years and is aware of the long road and hard task ahead.
“I used to accompany my dad to watch jiu-jitsu and he asked me if I wanted to try and I said yes. I have now taken part in countless competitions and with this win in Abu Dhabi I will keep a count,” she said.
The children’s competition over two days saw more than 1,500 take part in 128 different categories.
“It has been an incredible two days for some of the aspiring young boys and girls to put to test their skills in an international stage,” said Fahad Ali Al Shamsi, the chief executive of the UAE Jiu-Jitsu Federation and the general secretary of the Asian Jiu-Jitsu Union.
“We witnessed twice the number of competitors in the children’s division than in the previous year. The Emirati participation, both boys and girls, has been overwhelming.”
The action from Thursday through to Saturday shifts on to the world’s best men and women vying for a slice of the Dh1.6million prize fund in the sixth Abu Dhabi World Professional Jiu-Jitsu Championship.
apassela@thenational.ae
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Need to know
When: October 17 until November 10
Cost: Entry is free but some events require prior registration
Where: Various locations including National Theatre (Abu Dhabi), Abu Dhabi Cultural Center, Zayed University Promenade, Beach Rotana (Abu Dhabi), Vox Cinemas at Yas Mall, Sharjah Youth Center
What: The Korea Festival will feature art exhibitions, a B-boy dance show, a mini K-pop concert, traditional dance and music performances, food tastings, a beauty seminar, and more.
For more information: www.koreafestivaluae.com
The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km
COMPANY%20PROFILE
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Company%20Profile
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The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
Upcoming games
SUNDAY
Brighton and Hove Albion v Southampton (5.30pm)
Leicester City v Everton (8pm)
MONDAY
Burnley v Newcastle United (midnight)
COMPANY%20PROFILE
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Killing of Qassem Suleimani
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Company%20Profile
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MATCH INFO
Manchester City 1 Chelsea 0
De Bruyne (70')
Man of the Match: Kevin de Bruyne (Manchester City)
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
ADCC AFC Women’s Champions League Group A fixtures
October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
COMPANY%20PROFILE%20
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French Touch
Carla Bruni
(Verve)
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
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The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Company%20Profile
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The specs: 2018 Maserati Ghibli
Price, base / as tested: Dh269,000 / Dh369,000
Engine: 3.0-litre twin-turbocharged V6
Transmission: Eight-speed automatic
Power: 355hp @ 5,500rpm
Torque: 500Nm @ 4,500rpm
Fuel economy, combined: 8.9L / 100km