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.

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