What happened with Robinhood

This is a crazy story

Hey there, I don't know how much you pay attention to the headlines, but this one caught me off-guard yesterday. I have been traveling a lot lately, as you know (safely back in Seattle now!) and while I obviously heard about Robin Hood, I can't say I watched it too closely. But it's obvious: Wall Street hated this deal! What is the Retirement Pattern? If you've heard me talk about the Retirement Pattern… The one pattern I've used most effectively throughout my career… But you've never gotten a change to learn what it is… This is your chance When Tom Busby and I went live earlier this week, we talked at length about the Retirement Pattern, and how it could be the key to trading whatever the market throws at us next. Watch our presentation (before it goes offline) by clicking here As it turns out, there are several theories about why this Robinhood IPO didn't work. One article I saw suggested that because Robinhood sold many of these shares to users of its platform, giving them access at the same price that they gave access to big-wig Wall Street brokers. That's a neat idea, especially for a company that claims to be "for the people" (though we know it took some dings in that regard during the first memestock boom). The problem is, by allowing its own users in on the ground floor, they may have lowered the interest in their shares once the IPO was finished and the stock began to trade. That drove the price down over time, although you can see from the chart, during the day, the stock traded as high as $2 above its open price, and sold for roughly $1 below the close. That explanation makes sense. Wall Street doesn't love being cut out of things, and without them there to sell huge chunks of shares right out of the gate, it probably drove down the buying frenzy we often see in IPOs. Does that mean Robinhood made a mistake? Not necessarily. The company still generated $2.1 billion through this process, so they're probably not TOO upset! In any case, I think these kinds of stories are so fascinating! I hope you do as well! It's a reminder that even the so-called Wall Street insiders don't always know what to expect. Which actually should be a confidence-booster for all of us! Chat soon, Markay Latimer Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. At MarkayLatimer, we are strongly committed to protecting your privacy and providing a safe online experience for all of our visitors while offering a high-quality user experience here at www.MarkayLatimer.com. We know that you care about how the information you provide to us is used and shared. We have developed this Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of Information we receive from users of the Website. Markay Latimer owns & operates the Website. This Privacy Policy, along with our Term & Conditions, governs your use of this site. By using www.MarkayLatimer.com, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our terms and this Privacy Policy. If you have provided personal, billing or other voluntarily provided information, you may access, review and make changes to it via instructions found on the Website or by emailing us at help@MarkayLatimer.com. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the "unsubscribe" link located on the bottom of any related email from the Company. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States Update your subscription — Unsubscribe