Robinhood Turnaround: Short-to-Long Trade Strategy

24 days ago

SPEAKER_02

"I knew they had $8 a share in cash, and I sorted it from 25 down to 10. And then at 10, with $8 a share in cash, I was like, the short's done. But I continued to follow the company and was impressed with their business changes."

The fund manager describes his tactical shift on Robinhood (HOOD), initially shorting the stock during a period of speculative excess before exiting his shorts as the stock built a technical base. He then went long to capture substantial upside, anticipating a multi-bagger outcome with catalysts such as improved business fundamentals and product innovation.

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