Robinhood is finally available to trade after weeks... and weeks of endless speculation about the whens and hows.
It hit the exchanges Thursday at around $38, which would value it at roughly $32 billion. It's traded between $33 and $36.50 ever since.
The valuation of around $32 billion is certainly not outrageous; it's right in the ballpark. And by now, we're all familiar with its disruptive business model. I've gone so far as to call it "revolutionary," and there's no denying that market democratization has bitten Wall Street a few times over the past year.
But is it a "buy" at $33, or $36, or $38?
I've got the answer for you right here...
There's another potential opportunity I want to put on your radar screen - it should be on radar screens everywhere, frankly, but it isn't. In fact, it might just be the "best-kept secret of the investing world," as one veteran economic analyst put it.
See, there are around 500 small companies looking to go public on American exchanges right now - a big number, but that's not the secret. What might not be widely known is that it's possible to secure "pre-IPO rights" in these companies - sometimes for $1. And, should these companies go public, these rights have the potential to explode in value; peak gains of 6,566%, 8,280%, 9,075%, even 27,550% have been seen in exceptional cases. Rare performance, sure, but they really highlight the kind of potential pre-IPO rights have. I'll show you how it works here...
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About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.