Robinhood stock (HOOD) is predicted to decline as its recent 21% rally is deemed an overreaction to news, and the author has opened a short position in anticipation of this downside.
"I have an open short position on Robin Hood... when it gapped up 21% over this news I feel the energy I can see it and any reaction tends to be an overreaction so you know me I love to prepare for the downside and that's exactly what I'm doing."
