Roblox originally sold for $45. I am assuming that there are institutional and seasoned investors in this asset. This isn't just being pumped by wallstreetbets. There will be significant resistance at $90 as people begin to sell half of their RBLX holdings to eliminate their risk entirely (removing principle). If things go organically, I see no reason to not pick some shares back up at $60 to $70. This is a solid company after all.
People can also choose to sell 3/4 of their stock at $67.50, but that would serve to be an excellent stop loss right now. Anyone who bought earlier today has the opportunity to make a 50% to 100% profit with a single day trade.
People can also choose to sell 3/4 of their stock at $67.50, but that would serve to be an excellent stop loss right now. Anyone who bought earlier today has the opportunity to make a 50% to 100% profit with a single day trade.
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