$Robinhood(HOOD.US)HOOD held up surprisingly well when rates were rising, barely pulling back despite the broader pressure. That relative strength was encouraging.
But yesterday, even with positive news, the stock opened higher and then sold off throughout the session. That kind of reaction is definitely discouraging, especially when the market refuses to reward a stock with good news.
I decided to trim part of my HOOD position. When the price action starts contradicting the narrative, I’d rather reduce some exposure and see whether the strength comes back.
@Captain's Treasure
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