Robinhood - HOOD Stock volatility

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rkBA04

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rkBA04
Aug 5, 2021 20 Comments

did insiders form an unofficial group and pump the stock 100% to attract outside retailers and then sell their RSUs/equity options at better price ?

Not sure what’s going on, I hope Robinhood will not endup as the biggest financial scam in the history.

It made a good chunk of amount from DOGE coin and now using that money to pump HOOD stock. A disaster IPO day with a lot of -Ve sentiment is now spiking up. Feeling like “how secure our markets are?” looking all these GME , AMC , HOOD and Reddit things 😭 #robinhood #hood @robinhood @hood

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  • I haven’t heard of any unofficial group and it would be against insider trading!

    I don’t think insiders were buying even more shares to pump the stock, given that we already have existing equity grants to get more shares

    I’m glad to see others recognizing the value of Robinhood though!
    Aug 5, 2021 6
    • I don’t think that’s true — I’d like to think if you bought anything over the last 5 years and held, you would be up 2-3x

      For example, if you bought an ETF like QQQ or SPY

      or you bought AAPL, FB, GOOGL, MSFT, etc

      No matter how much hedge funds are trying to play the market, if you just bought and held (which was easier when trading fees were removed), you became better off!
      Aug 5, 2021
    • Also this was not an investment advice ^
      Aug 9, 2021
  • I’m pretty sure insiders have restricted trading windows.
    Aug 5, 2021 2
    • GrubHub
      rkBA04

      Go to company page GrubHub

      rkBA04
      OP
      restricted trading window for insiders is pretty standard and basic requirement per SEC. What if they form a group outside of Robinhood like another Reddit and pump the stock from Brothers / parents account. I knew it’s also a violation, but there is no stringent process to identify such actions at present which leads to all the scam like doings.
      Aug 5, 2021
    • SEC actually does catch these things sometimes. It’s not worth it. Also a few people aren’t going to be able to pump the stock like that. You need hundreds of millions of dollars in trading volume, if not billions.
      Aug 6, 2021
  • Are you new to IPOs? They're always super volatile
    Aug 5, 2021 1
  • Is blind the new place for wsb posters who don't have enough karma to post there?
    Aug 6, 2021 0
  • Google
    blmwiwoqp

    Go to company page Google

    blmwiwoqp
    GME and AMC are two of the biggest collusion and market manipulation scams in history. Yet no one was charged for anything or being stopped from pumping other meme stocks.
    Aug 5, 2021 0