Samlunch
2024-06-03

$Robinhood(HOOD)$ 

$HOOD

Robinhood was number 27 in the US iOS App Store last night in Finance.

Last night, Roaring Kitty happened to disclose a $200M+ position in $GME Gamestop.

Robinhood is now number 17, moving up 10 spots in less than 24 hours.

During the last run in Mid-May, $HOOD went on to be number 80 in the entire US iOS App Store outside of just finance.

I believe Robinhood will likely be the largest beneficiary of this momentum (as long as they don’t make the same mistakes) because it is the platform where everyone new ends up going to access these stocks.

The reason?

They actually built a product people enjoy using, even if people don’t have the best affinity with the brand.

Vlad posted a kitty meme two weeks ago and publicly acknowledged that 2021 was not their best moment. The kitty meme, in my opinion, was about sending a message of being ready this time to provide infrastructure and support.

Party is Over? Will You Short GME?
GME ended the session lower by 12.1%, as the company’s rescheduled shareholder event wrapped up with no detailed remarks about its strategies. -------------------- What's your target price for GME? Will you go long or go short?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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