RE:Robinhood investors have globbed onto SMT and@Dave4444 Hi, where do you those detail about Robinhood ? Thanks,
Dave4444 wrote:
they are trading massive speculative volumes in the U.S.A. market. Apparently on last Thursday at the end of day, only 306 investors on the Robinhood platform owned any shares in SMT, but by end of day yesterday over 4,000 investors on the Robinhood platform owned shares in SMT, and they all traded massive volumes. What caused them to target SMT is a mystery to me, I owned over 30,000 shares before this all started at a cost of $1.02, and saw the Thursday news release which was good, but not enough to get excited and start bidding the shares higher. From my perspective, it was a lucky break for me that they decided to target SMT, I have sold all my shares over the last 3 days except for 1,000 at average prices in the $1.99 range, so missed the top, but happy to walk away with a lot more money than expected in such a short time. I still like SMT, but am hoping that the Robinhood investors rush out just as fast as they rushed in and push the stock back under $1.00 and I can reload as I still like it long term, but only at $1.00 not a hyped up $2 or $3. I guess I will just watch and see what happens as it is far to dangerous to hold with all this pumping and eventual dumping that is happening. But just my comments.