1 Robinhood Stock to Avoid at All Costs

Maybe even forever
Is your money at stake??

October 23, 2020

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Lance is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets.

The Robinhood Stock You Should Avoid at All Cost

Traders, I've decided to start a new segment where I cover the dirty dogs of Robinhood that you need to stay the heck away from. And today I'm seeing major warning signals from Draftkings Inc (Nasdaq: DKNG).

Now to be fair, even I joined the bandwagon of this fantasy sports betting operator. If you've been a member of my Sweet Spots Stocks program since the beginning, then you know this stock was also our very first trade.

Recently the stock went from under $20 to all the way up to trading at $35 per share — and this is where I got out. (Though it ended up climbing to $64. In both sports and trading, hindsight is 20/20.) But after the run-up, DraftKings fell back down to $50 a share, and that's when we saw all the Robinhood traders start piling into the trade.

As soon as the pile-on began, everyone started getting their butts handed to them. Days later, the stock went down even further — selling at less than $43 a share — and there is no more bullish view in sight.

CEOs and insiders are dumping shares, and I think I know exactly why: Sports have become boring and somewhat trivial, especially when we can't even leave our houses to watch our favorite games live.

And if things keep playing out like they are currently with this stock, then I think we may have another Nikola Corporation (Nasdaq: NKLA) on our hands…
Here's what I'm anticipating


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Robinhood Stocks You'll Regret Not Getting

October 21, 2020

It has become pretty clear that Robinhood traders — and the apps' top stocks — are a force to be reckoned with.

In fact, it has already scaled up to 13 million users this year alone!

But even if you place your trades on a different platform, you've probably bumped into a penny stock or even two that caught your attention.

WealthPress Head Trader Roger Scott thinks these two penny stocks on Robinhood are the best bet for fat-cat profits…































The Worst Stock to Buy in 2020

October 22, 2020

Traders, today I'm calling BS on Eastman Kodak Co. (NYSE: KODK).

I'm not even going to go into the CEO's announcement on The Wall Street Journal to push forward in making ingredients for generic drugs, with or without a $765 million government loan deal (to each their own I suppose).

On Monday, the Kodak CEO Jim Continenza tweeted he'd be live on The Wall Street Journal's Tech Live to discuss the future of Kodak.

After the CEO's tweet, the stock rallied about 50 cents higher on that news alone.

This goes to show you exactly what kind of market we're in nowadays — all a public company has to do to get their stock to trade higher is tweet out when their next public appearance is.

But I just can't seem to buy into what Kodak's trying to sell me: All I'm seeing is junk and the possibility that the company could have given insiders and it's board members "spring-loaded" options before the $765 million U.S. pharmaceutical deal with the company was even announced.

The company's slogan may be "You Press the Button, We Do the Rest," but I don't think I'll be pressing this stock's button anytime soon.

And now Kodak is following a similar path that we witnessed with Hertz Global Holdings Inc (NYSE: HTZ) during its downfall…







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Disclaimer & Disclosures

The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information.

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