Teflon Roblox

By Tim Knight of Slope Of Hope

Managing Partner at Tim Knight Organization • Dec 5, 2024 at 10:10 PM EST

Roblox (RBLX) jumped 8% Thursday despite past scandals, breaking out of its range. Other picks, like SoundHound (SOUN), also performed well.

black android smartphone turned on screen

Image Source: Unsplash

I did a post yesterday about some long ideas, and one of them – Roblox (RBLX) – vaulted 8% higher on Thursday.

It’s rather striking to me, because this company has been absolutely mired in accusation and scandal for years (which perhaps explains why it’s been grinding around in a range for so long). Still, it’s a clean break away from a long range, and I expect it will keep vaulting higher.

Actually, quite a few of my goofy suggestions yesterday had a good Thursday, particularly SoundHound (SOUN):

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.

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