Things are still shit in the HOOD.

The_Krakenite

The_Krakenite

I avoided the hype when every millennial was shoving in their covid paychecks into this hand-over-fist.

But that said, even I wasn't prepared to see how utter shit this company was going to continue to perform.

Taking a look now, I see the abysmal performance of the stock which has fallen from over 70 bucks a share to under 20 and the performance just continues to draw down.

The PE seems very high, that's the good news.
The bad news? It's negative!

Profit Margin -183.63%

CashFlow was over a quarter BILLION dollar US loss for the last 12 months.

Can some bag-holder here try to convince me on why I should buy it now? After all, if it was such a great bargain for $70 a share, it just has to be a steal for $18 right?
 
The_Krakenite said:
I avoided the hype when every millennial was shoving in their covid paychecks into this hand-over-fist.

But that said, even I wasn't prepared to see how utter shit this company was going to continue to perform.

Taking a look now, I see the abysmal performance of the stock which has fallen from over 70 bucks a share to under 20 and the performance just continues to draw down.

The PE seems very high, that's the good news.
The bad news? It's negative!

Profit Margin -183.63%

CashFlow was over a quarter BILLION dollar US loss for the last 12 months.

Can some bag-holder here try to convince me on why I should buy it now? After all, if it was such a great bargain for $70 a share, it just has to be a steal for $18 right?
More...
90% of IPOs fall pretty soon because 99% of em are overpriced & accumulation begins 2 - 3 years down the line by the same pro boys who made monies via IPO/shorting it, once the fair value is met.

Even the old uncle Buffet spoke about it during BRK's annual meeting of 1998.(?)
 
Things are still shit in the HOOD
---->
No more treasure in the HOOD


traders have already benefitted massively from shorting it a few weeks ago.
Now there is zero indication HOOD is reversing direction.

 
The_Krakenite said:
...

Profit Margin -183.63%

CashFlow was over a quarter BILLION dollar US loss for the last 12 months...
More...

How does this happen for a fintech company with no brick-and-mortar exposure, no hard overhead. Hell, they don't even have a phone line for support.

What are they spending that money on?!?
 
I'm not a bag holder however just because it was at $70 a share doesn't mean at $18 it's a steal, it's still trading at 15 times sales and if the SEC bans payment for order flow most of their revenue base will disappear overnight.

Imo Robinhood gamified the stock market for millennials by turning it into their own casino with market makers operating as the house, I would be willing to bet Robinhood customers have collectively lost more than they've made and where do you think that money has ended up.. in the hands of management and their market makers.
 
Simple

1) massive online advertisement expenses
2) payment for order flow is currently under heavy scrutiny and their entire business model is broken because it was built on receiving massive kickbacks to route their free commission orders to willing hedge funds. Not so anymore. Many of the funds pulled out and payments for order flow dropped drastically.

Overnight said:
How does this happen for a fintech company with no brick-and-mortar exposure, no hard overhead. Hell, they don't even have a phone line for support.

What are they spending that money on?!?
More...
 
------ quote in reverse ---------
Can some non-bag-holders here try to convince me on why I should sell it now? After all, $70 a share was too high, and $18 is still high
---------------------------------------


hmmm .....
Will it go below $18?

And if it goes below $18, where is the next target? $10? $5?

despite all the hype, the chart says it is not bullish.
 
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The_Krakenite said:
I avoided the hype when every millennial was shoving in their covid paychecks into this hand-over-fist.

But that said, even I wasn't prepared to see how utter shit this company was going to continue to perform.

Taking a look now, I see the abysmal performance of the stock which has fallen from over 70 bucks a share to under 20 and the performance just continues to draw down.

The PE seems very high, that's the good news.
The bad news? It's negative!

Profit Margin -183.63%

CashFlow was over a quarter BILLION dollar US loss for the last 12 months.

Can some bag-holder here try to convince me on why I should buy it now? After all, if it was such a great bargain for $70 a share, it just has to be a steal for $18 right?
More...


All this time, you could have made a lot of monies shorting it with put options. Opportunity is there. All you have to do is grab it.
 
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