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Welcome Samantha Rose Wrider!
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3,901 Posts
Discussion Starter #1
Anybody else riding the rocket? Grabbed a substantial position on ipo day at $18 and doubled down a day or 2 later for an avg of $20.07
Some confusion about a cap of 51 billion but float of 2.6 billion but I believe she has a lot of room to run. Could be a very lucrative play.
 

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Welcome Samantha Rose Wrider!
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3,901 Posts
Discussion Starter #3
Great day to add bro.Almost felt better seeing a little pullback today. That thing had some gaps to fill for sure. After sept 2nd when the masses see the earnings report I don't believe there will any holding it back. Cant help but believe this is way undervalued.
 

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4,636 Posts
It's definitely treating me well.

Because it's a new offering, I think it's just being overlooked.
That and all the hype with the #s chasing Apple and Tesla.
 

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The mortgage industry is not without risk. Typically, the housing market moves up and down in lockstep with the economy. Times are tough right now. The risk of loan defaults is high. But despite the risk, RKT stock is worth the investment.

It’s a company that has been in business for 35 years, is profitable and has been capitalizing on the recent surge in new mortgages and refinances. It’s innovative approach and use of technology appeals to consumers.


Been a great few months for the new homes guys in TX, I have heard several say that June/July were there best sales months on record. What happens when these loans start defaulting?
 

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Welcome Samantha Rose Wrider!
Joined
·
3,901 Posts
Discussion Starter #6
The mortgage industry is not without risk. Typically, the housing market moves up and down in lockstep with the economy. Times are tough right now. The risk of loan defaults is high. But despite the risk, RKT stock is worth the investment.

It’s a company that has been in business for 35 years, is profitable and has been capitalizing on the recent surge in new mortgages and refinances. It’s innovative approach and use of technology appeals to consumers.


Been a great few months for the new homes guys in TX, I have heard several say that June/July were there best sales months on record. What happens when these loans start defaulting?
Rocket companies do not hold the loans. They are sold. If I remember it's something like 6% they would on the hook for if there were mass defaults. Just what I've read a few times.
 
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