3 ms·
>These aren't hedge-funds or big banks who are "smarter" than me. I'm not sure your assumption here is correct.
by fortylove 6y ago
>These aren't hedge-funds or big banks who are "smarter" than me.
I'm not sure your assumption here is correct.
- dragontamer 6y agohttps://images.markets.businessinsider.com/image/5eda5db3f34d055f655ed03c-1849/hertz-robintrack.jpg https://images.markets.businessinsider.com/image/5eda5db3f34... Its a well known fact that Robinhood traders are buying up the Hertz stock.
- Scoundreller 6y ago"Users holding" is a pointless metric. RH has no commissions. How many are holding $10 as a joke? And even with the "Users Holding" metric, it's not even in the top 100: https://robinhood.com/collections/100-most-popular https://robinhood.com/collections/100-most-popular edit: Hrmmm, they don't show it on that list, but it has 170k holders, putting it around the 55th most popular holding (by user count, not $!) https://robinhood.com/stocks/HTZ https://robinhood.com/stocks/HTZ
- dragontamer 6y ago> "Users holding" is a pointless metric. This is a stock which had far fewer than 5000 holders a few months ago, and now has 170,000 holders in Robinhood. > How many are holding $10 as a joke? Fewer than 165,000 people. While I'm up for allowing a certain level of stupid waste their own money... the number of buyers is beginning to make me worried. You know that any stock that goes up and down by 500%ish in a few days is going to attract the attention of "dumb money". We all know where this is going. Yeah, dumb money will do what dumb money does. A fool and their money are soon separated, etc. etc. The morality question we have to pose to ourselves however, is how "stupid" is "too stupid". Surely you draw a line somewhere?