Wirecard stock: Robinhood traders think it's a toxic dud - Business Insider

To see what sentiment among day traders is like over the stock, Business Insider spoke to 5 investors on Robinhood to get their view on Wirecard and whether it represents a buying opportunity.Former Wirecard CEO Markus Braun"Given the fraud Wirecard committed and the insolvency issues they have, I personally think that the stock is worthless," one user who goes by the name of Astrophysics23 said.

"But I wouldn't be surprised to see a couple weeks of people buying it. Right now the sentiment is buy anything and everything as we saw with Hertz." "I made a few bucks on [Chesapeake Energy] selling put [options] for awhile. But because Wirecard doesn't have options that make it particularly unattractive to me.""While the stock may rise on some buyout rumors, I do not believe the company will be purchased or bailed out and I believe shareholders will suffer a total loss."

One Robinhood user, Lowfry, was perhaps the most anti-Wirecard, describing the stock as " a burning pile of garbage."The user told Markets Insider that they'd made some money on the stock as it surged early this week, but has since pulled out."It was one of the few 'once in a lifetime opportunities,' I was lucky enough to ride on that wave, and I certainly won't challenge my luck again by jumping into it one more time. F---, no.

"Any rise out of Wirecard would come out of the same new investors with Robinhood accounts that necromanced Hertz a few weeks ago," one said.Another added: "It is possible that Wirecard gets bought up over 10 euros once again. That is mainly a result of shorts covering, put options being exercised and maybe, just maybe a bit of speculation."Disclosure: TD Ameritrade is a partner of Insider, Inc.'s business development team, which is separate from its editorial department.

to merge with Waste Management?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Avis may be next Hertz for day traders as Morgan Stanley upgrades stock - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wirecard's scandal is complicating the operations of other firms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ferrari F8 Spider convertible: Business Insider review, photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Very expensive recycled 488 I don’t know if you’ve seen the unemployment numbers, but extreme materialism is not cool. I found a $1.39 in my couch seat cushion. Almost there.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Columbia fund manager Rahul Narang likes value stocks in tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market crash: Jim Rogers warns of blow-up amid Fed 'madness' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It is very much on the cards. Jim has been calling for a crash for years Doom of the Week brought to you by Business Insider.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock picks to buy for big gains during Q2 earnings season: Goldman - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »