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RKT down to $19 close to IPO value from $30

Posted on 9/30/20 at 4:02 pm
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 9/30/20 at 4:02 pm
Anybody have a good feel on why?

I am long for really excited by it.

Posted by ks_nola
Bozeman
Member since Sep 2015
496 posts
Posted on 9/30/20 at 4:47 pm to
I'm bag holding long on this one and don't understand the continued drop in price. I can average down but not sure that is a good idea to tie up $ more in this. Looking for any insight as well.
This post was edited on 10/1/20 at 8:19 am
Posted by Auburn1968
NYC
Member since Mar 2019
19418 posts
Posted on 9/30/20 at 5:52 pm to
There is a good assessment on Seeking Alpha. Evidently Rocket is still on the hook for mortgages in forbearance.
Posted by cgrand
HAMMOND
Member since Oct 2009
38667 posts
Posted on 9/30/20 at 5:55 pm to
rule to live by
wait two months after IPO before you get in
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 9/30/20 at 7:15 pm to
quote:

There is a good assessment on Seeking Alpha. Evidently Rocket is still on the hook for mortgages in forbearance.


Will check it out

I thought they just keep servicing rights
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 9/30/20 at 7:15 pm to
quote:

rule to live by
wait two months after IPO before you get in


Bag holder but not too deep
Posted by Capt ST
Hotel California
Member since Aug 2011
12810 posts
Posted on 9/30/20 at 8:23 pm to
I’m down like .30 a share now, I pissed away some serious cash not selling at 32. Going long now.
Posted by Pendulum
Member since Jan 2009
7042 posts
Posted on 10/1/20 at 2:18 pm to
up almost 13% today


Too bad I held a position from just after IPO until about a week ago and dumped it.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/1/20 at 3:35 pm to
It went through the roof immediately after this news:

Realtor.com, Rocket Mortgage announce new partnership

The advertising relationship will direct interested homebuyers to Rocket Mortgage's pre-approval application
This po
Posted by thelawnwranglers
Member since Sep 2007
38758 posts
Posted on 10/1/20 at 4:08 pm to
Nice day

Hope we are on the run up

Not far off break even
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