21 December 2021: Robinhood... Less than 50% of its IPO price

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Robinhood IPO in October 2021, at a price of 38 USD. It opened and closed below IPO price on the date of listing, which already signaled a concern of its valuation at IPO price.

Nevertheless, the gamestop saga which brought unprecedented account opening for trading platforms like that of Robinhood, has led to a surge in trading volume and which also coincided with the peak price point for a number of stocks back in February 2021.... Well at least that was the price peak point for the chinese tech stocks.. OOpps... I digressed from the topic..

But what I do want to say is there is always something that the market participants would be interested at different point of time. At one point, Zoom was almost 600 USD but is now back to around 200 USD. At one point, Alibaba was at 320 USD but is now less than 120 USD for its US shares. Kuaishou Tech, another hong kong counter that I mentioned very often traded at almost 400 HKD but is now around 78 HKD (day low today around 75 HKD)...

So what was it mean for the trading platform like Robinhood? Robinhood has also leveraged on its vast customer numbers to introduce new instruments like cryptocurrencies, etc... It nevertheless didnt do that well in crytocurrencies trading volume based on what i recalled in its 3Q2021 results. At the same time, its customer assets fell from 100 billion to 95 billion USD...This signals a concern on where the growth is going to be and whether the customers are going to ditch it..

For me, I am not going to give up my fintech platform like Tiger Brokers aka UP fintech, which applying this thought process, the fellow American investors and day traders are unlikely to give up the investing and/or trading. Well unless they lose all their monies isnt it?

So will I buy Robinhood now? Given my current exposure in UP Fintech (though news keep reporting its regulatory risk overhang), I am not intending to load Robinhood at this price point but it certainly caught my attention.. Its day low was around 17 USD yesterday.

I will wait for its 4Q2021 results before reassessing Robinhood yet again. But for trading, I do move fast so i may not even announce here that I did a trade. Stay safe as always,

As always, this should not be construed as any investment or trading advice.