Update On Robinhood 100 List
The Robinhood 100 List which is a list of the top 100 holdings of Robinhood investors. We love to track Robinhood traders and investors in Erlanger Chart Rooom as these traders and investors account for over 20% of the volume on the various exchanges - NYSE, NASDAQ and CBOE and they had been pretty decent stock pickers until recently. Now we are tracking to see when they get hot again.
What is Robinhood? It is no different than Charles Schwab or Fidelity other than the fact that Robinhood caters to the millenials and have been labeled as such even though both myself and Kevin O'Leary of Shark Tank have accounts there. Some Robinhood traders want action and stocks that move. As such, they were partially responsible along with Redditt for causing one of the biggest short squeezes in recent memory during January as Gamestop (GME) rose from $18.84 on December 31st to a peak of $483 on January 28th. It now sits at $164.50.
Currently, the following traditionally well known stocks are strong on a daily basis and the favorites are T, PFE, K, JNJ, AMC. Of the list below the speculative longs would be CPRX, ET and NKLA. If CPRX can break through $5, then it could have a sweet run. Ditto ET above $10.