$HOOD 50% drop from IPO high
I have been observing hot IPOs price action for a while. If it is a hot stock, there are 2 ways it usually goes:
1. Straight up drop 50% from the IPO day, then finds good entries there. Example:
COIN
2. Get super hyped and went to the roof. Made IPO high, then drop 50% and find good entries there. Example:
CRWD, 
SNOW, 
ZI
I believe
HOOD belongs to the second category. Current price is a low risk entry for those who are interested in owning it. Beware of the drama with the SEC about Payment for Order Flow and gamification of stock trading.
1. Straight up drop 50% from the IPO day, then finds good entries there. Example:
COIN2. Get super hyped and went to the roof. Made IPO high, then drop 50% and find good entries there. Example:
CRWD, SNOW, ZII believe
HOOD belongs to the second category. Current price is a low risk entry for those who are interested in owning it. Beware of the drama with the SEC about Payment for Order Flow and gamification of stock trading.
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