Thoughts from June 12, 2020

Robinhood’s user activity might be speculation Robinhood, a free trading platform adopted by many a day-trader during this crisis, is showing us that retail investor activity is heavy bent on speculation.   https://www.businessinsider.com/robinhood-traders-bet-hertz-bankruptcy-stocks-despite-huge-risks-2020-6 Bankrupt companies stock is still worth $0 Hertz filed for bankruptcy and Chesapeake Energy has said bankruptcy is basically imminent.  These companies…