RE:RE:RE:RE:RE:Robinhood has 18 million accounts5-9'r:
Prakash mentions orgainic growth reaching a number between 1 million and 2 million. He is very enthusiastic about the companies future and is expecting to reach this 2 million mark. This suggests that it won't be an overnight event. It doesn't sound that 7 million customers are trading now and the transitioning of accounts does not mean that there will be 7 million customers trading tomorrow or anytime soon. Just my take for now. One thing is for sure......... There is an appetite for On line trading and we are in the early stages in Europe relative to N.A.?
McWhirter once opined the follwing....... [sic] "If they capture 10 percent of the addressable market [of 7 million or 8 to 10 million] then we would be see multiples higher in stock price. I took this to mean 750,000 customers could be captured and I look at this as the minimum.
So I will leave this for all to digest. I am very open to retorts and counter arguments and suggestions and other ideas. It remains a little unclear to me yet but I am very hopeful for the $3.00 to $4.00 range within 12 months.
U