Downtown Josh Brown
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Appearances Over Time
Podcast Appearances
There's no A in that rating.
So, all right, we're going to do make the case.
And then Michael has a mystery chart for me.
And we'll get out of here.
I bought a stock today.
I am now long Robinhood.
What are your thoughts?
37% drawdown for the stock is where I pulled the trigger.
Not like me.
I don't even look at stocks in 37% drawdowns normally, for a trade at least.
But I like the way this thing is recovering.
The RSI is now back above 60%.
The rebound looks real.
Today they announced a 10% workforce reduction in a filing, and they did not use the word AI.
They did not even hint at it.
Here's what they said.
The company is taking this action from a position of business strength, including June month-to-date average daily trading volumes at record levels across equities, options, and prediction markets.
You know what I think they want to do?
I think they want to right-size the workforce now.
They're having an incredible quarter.