RobinhoodLooks like we are getting some consolidation around this area with a strong bullish candle kicking in. I know a lot of people may not like this stock. However, investing and trading is all about finding stocks that are under or at its fair value while giving it time to move. Benjamin Graham liked beat up stocks that have some juice left in it. Well this is Robinhood. Robinhood introduced me and a lot of my peers to investing/trading and have either changed our lives or given us sentiment that we can change things down the line for ourselves and family. This is that type of trade for me. There isn't a good amount of MOAT. However, I like that this company has the attractiveness to the youth with how easy it is to navigate the app and getting in and out of trades and even learning about different things. They make their money like any other broker through spreads etc. I've been using Robinhood for a year since I've began trading and have seen the development of the app continue to grow. Honestly, when most people beat up a stock that tells me that they may be doing something good to be honest. Reminds me of when Facebook went through their recent situation and look at their stock now. From an annual perspective, they have increased their free cashflow. Operating Activities increased. They are investing more into their business. Assets overpowered liabilities. Total Equity has increased. Debt has increased but not as much as the income they have brought in. Net income is out of the negative and their EPS is out of the negative. This isn't the end all be all. However, this is what I would consider to be a damaged stock that has juice left. I want to see a retracement of 38% or more of the previous high. Let's see what happens by 2024!
Not advice!
This trade could go wrong. That's what trading and investing is about. Let's keep working on getting better!
