$Robinhood (HOOD.US)$ im surpised it opened as high as 42, a...
$Robinhood(HOOD.US$ im surpised it opened as high as 42, a more than 10% up from ipo
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MoneyMattersSG : DoWn already
71379875OP MoneyMattersSG: The first trading day is really difficult to predict. One would guess it goes down a lot for its high allocation for retail traders. However any trader on Robinhood who flip the ipo shares within the first 30 days get banner for 60 days from future IPOs. So most people who get these ipo shares may not be interested in flipping these shares. Anyway, let's see.
71379875OP MoneyMattersSG: get *banned
MoneyMattersSG 71379875OP: Looking forward to it...
71379875OP MoneyMattersSG: Although Robinhood did quite a lot bad things, I am actually quite thankful to it because it brings down the trading cost for other platforms. Haha
Machiavellis3rdEye 71379875OP: I don’t believe those costs have beneficially come down... esp when you consider all the other ways in which we are hurt by their new income revenue streams.
Machiavellis3rdEye 71379875OP: ....Haha.