Rocket Companies Inc
$0.02 (0.15%) Today
52 Week High
52 Week Low
7 Days Mentions
RKT (Rocket Companies) surprise earnings beat. Highest purchase mortgage volume ever for the company. On fire 🔥 housing market projected to continue. New partnership with Salesforce to expand there reach into 10,000 banks and credit unions. Jay on fox this morning.
Remember when wall street took out the buy button for protection against bankruptcy from their overleveraged shorts? Ahh yes merely coincidence, that's not the reason we took out buy button at all. By the grace of Odin for blessing us with this coincidental black swan event that saved jst us banks.
Joining in on "squeezes" that have already run 50%+ in the last 1-2 days. Had to learn it three times, with a loss of a few thousand $ before it now hopefully has stuck. Also buying in again way to early on BB and RKT after selling near the top. Came out well on those, but did eat a portion of my gains. Using etoro copy trading - ended up a few hundred $, but the tax work will be absolute hell with hundreds of tiny buy and sell orders, not worth it at all
I sold all my RKT after applying for a mortgage through them. It was a pain in the ass to apply compared to other lenders and they did all of the things listed as “red flags” for predatory mortgage companies: * Forcing you to sign incomplete documents * Forcing you to sign “intent to proceed with loan” even to just get pre-approval * Pushing ARMs really hard when I kept asking for 30 year fixed
$PLTR and $DKNG people for the love of God stop buying at these prices. Look at $RKT, $FUBU, and $HOOD. That is the next stop for you. And after that, all 5 may go down to the sub $3 like $WISH. There is no reason to light your money on fire.
Start making posts for their obvious pump and dumps. Do “DD” on stocks like RKT, and WEN whenever CNBC starts talking about them. You have to get noticed as willing to push their narratives, and they will scoop you up. Also make sure your Reddit account is diversified. Find a “hobby” sub and make sure it is at least half your posts. Most importantly never say anything negative about global central banking, or how they turned the markets FIAT. My interview went south when I brought up synthetic shares.
Yep. I was actively watching the pop on RKT. Got greedy and waited too long (like more than an hour) and it fell. Kept waiting for the second bounce and it never came. Sold the next day for a 10% return but it could have been 100%. It’s really hard to know what to do in the heat of the moment no matter how logical you are going into it.
I bought some $62 AA calls in my new hood account and some $13.50 RKT puts in my TDA account. The AA because I’m already fucked on the calls I bought early today so o decided to double down like the dumbass I am and the RKT puts cause I have no new ideas.
Looking back at some stocks I managed to make a little money on that have now completely shit the bed, there are some standouts. MNMD, CMPS, CHWY, RKT, plus SLGG and SNDL. Some proof right there that holding and averaging down isn't always the best choice. Goddamn. Really wish I could say I made some DOCU money, but at least I wasn't holding for that epic post earnings crash
Discovered that the hard way after making a ton on GME... Then made some money on TLRY and SNDL, caught RKT but then UWMC wiped that away... From there it was all downhill and lost the money I made on GME. Fortunately I had my portfolio of stocks from before GME, which was mostly untouched so that has been up nicely so making money at least, but not from chasing short squeezes.
I wouldn’t invest in RKT. Im a realtor.com affiliate and the leads we got from there, for a period they wanted us to use rocket for financing. I tried a couple times just to play along but every time I’ve tried to do a transaction using rocket, they’re super hard to get ahold of, very unorganized, and it’s just been a nightmare. Around here (Seattle area), agents don’t really hold much weight to their preapprovals. That said, I know people have refi’d with them and it’s been good. They have awesome marketing, but in my experience they have sucked to work with, so I wouldn’t invest in them, but that’s just my opinion
Doesn’t matter if you’re long on the stock. Here’s a way to make money if it goes down. YW AFRM \- Likely taking the trade right at open if theres no drop PM. \- If pm drop I’ll wait for a Potential bounce off of 77ish. then to resistance around 80. A bounce off that 80ish resistance is a good entry imo \- 75ish is a weak support imo. But I’d take some profits there/look at re-entry under 74. \- Break under 74 with strength and there’s no support till 62 \- IPOs have not established strong supports COIN \- Easy enough to watch BTC if it attempts to break the resistance PM \- Likely gonna open up under fibs. But 232 is a strong support. 230p if it breaks under there. \- Profit taking at $223ish , $218ish and a strong ride down if under \- You can always re-enter GME \- Holding 230p. Likely going to add right at open (under fibs / 9ma) \- Diamond top pattern rejecting all resistance levels \- Under Fivbs at open and it will probably dive through that very strong $126 resistance \- $120 is the target. Weak support imo. Under 120 and low 100s or under is likely. \- Notable $956K put sweep for 125p 1/22 exp. Under 125 will add lots of downward pressure. AMD \- Head and Shoulders reversal pattern almost formed up. \- 135p if it breaks under. \- $126ish take profits. \- Real support is around $120 MU – Watching – Great example of how a bear market can hit a stock. 2000 ATH buyers just finally made a $3 profit. Small Caps: \- If you have small cap stocks that have been beaten to shit for no reason. Check the Open Interest for January/Feb Calls for a big jump. \- Money taken from blue chips will funnel right into those now that MM has shorted it to bottom and bought back all the calls for pennies per share. \- Examples: Ride, WKHS, XERS, RKT, MILE, IDEX, MPLN, ect. \- Helps to be familiar with previous OI but all the above never had over 500 calls OI. Now they’re blocks of 4k-15k
From what I have heard, the daily short% is much higher. Some firms/investors are now covering their shorts daily and reopening them in the A.M. This allows them to short RKT without their positions hitting these reports. I guess they learned a thing or two when they were caught with their pants down with RKT, GME, AMC, etc. Full disclosure, I’m long 8,000 RKT.
Welp, looks like you and your dad were wrong this time. Unfortunate but it happens. Thing is that RKT turned into a bit of a meme back then and had a lot of people pushing it and then that gamma squeeze got set up and it blew up. I was in it and made a pretty penny. Got in this based on this DD, didn't lose much. Still have some calls for feb that I think I'm going to sell.
I think you are off. #1 interest rate hikes historically helped banks due to the large amount of treasuries they own. #2 higher rates mean significantly less loans. See RKT. #3 out of your big three banks who have been smashing earnings lately, it’s mostly been done through the trading desk. This is going to hurt them a lot. Posistions 20 faz 20c Feb 18th or something like that.
Key is diversification I picked some of shittiest stocks in last year ( CRSR, RKT, SQ, TWTR, VIAC) only thing that saved me was I also had 🍎, CRM, MSFT, AMD and few boomer stocks which saved my portfolio. I have come appreciate diversification and not DCA into shitty stock just take the loss and move on.
UWMC hasn’t gone that low since then. It’s now hovering around $6. UWMC isn’t at risk of bankruptcy at all and it still pays a dividend. I think it was a popular target for some hedge funds hedging market movements elsewhere, not because of poor business on the part of UWMC. The vast majority of short positions by major funds isn’t with a goal of driving the price to zero, it’s literally the “hedge” aspect of a hedge fund. They utilize short positions to manage risk with their long positions. It’s not entirely illogical to have established short positions in the mortgage industry in general—interest rates are poised to increase and the Fed is tapering back purchases of mortgage-backed securities. But I question the logic on doing it with UWMC, given that it pays a dividend and the float is only 100 mil shares with the majority held by insiders who aren’t selling. That could backfire on a short position, not in the way GME did by any means, but an upsurge in price would be magnified by the low float more so than with some other companies. RKT, the main competitor for UWMC, had 10.44% outstanding short interest as of 12/15; UWMC’s is higher at 14.8% as of 12/15. So it’s not just UWMC.
TDA has never allowed fractional shares. Their AUM is over 1 trillion. Fidelity is 11 last I checked. Fractional shares also do not allow voting rights. What about companies like $RKT who have dilluted their SO to oblivion and it has not created buying pressure? Any company can do whatever it wants with their shares. We're arguing semantics now. "Enticing" prospective investors is literally a HUGE component of any publicly traded company.