Jim Cramer Outlines a Disciplined Entry Strategy for Robinhood

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer shed light on. During the episode, a caller inquired if the stock is a buy, sell, or hold, and Cramer commented:

“Okay, this stock just went up like just, I mean, straight up. And now, when they start coming down when they’ve been straight up, they don’t stop as fast as you’d like to see. That’s why what we’re going to do is let Robinhood come down below that last dip, which took it down to $103. Maybe you go to, say, $95 and then pull the trigger. If not, then just say you missed it.”

Photo by Adam Nowakowski on Unsplash

Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial platform that allows users to trade stocks, ETFs, options, cryptocurrencies, and other assets. A caller asked about the stock during the December 4 episode, and Cramer responded:

“Robinhood goes higher… It goes higher because it’s a proxy for all the young investors. See, young investors, they’re on Robinhood, the app, so they buy Robinhood, the stock, and you know what? They’ve been winning, 267%. That makes other people want to be in.”

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Disclosure: None. This article is originally published at Insider Monkey.