Australian (ASX) Stock Market Forum

HOOD - Robinhood Markets, Inc.

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12 January 2008
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Newly listed fin market broker.

Worth it's own thread as I think this is going to be quite a volatile stock. I didn't think that when I bought the break-out at $40 (SL $35). Changed my mind after seeing last night's price action this morning (+50%). The retail traders must have gone ballistic. At $70, I've earned a very quick +6R overnight and I'll be selling some tonight and watching what happens next OR I could sell enough to get my initial investment back and leave to rest to "go to the moon".

Normally wouldn't post a 15min chart for a stock that I might hold for weeks but it shows the overnight price action

hood0508.PNG


HOOD goes into the day trading watch list.
 
I'll leave the candle sticks and day work to others.
But more than a tangent it seems of late that a certain Ms Wood and her investment intsuments at ARK seem to be on the pulse... Her 'association'/ parle' with Mr J Dorsey and him through Square, biggest buyout yet on the ASX and her outfit is deep in the 'Hood'... at the the time of posting.

Do your best blokes...
 
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