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RKT - what's really going on?

Posted on 3/2/21 at 12:37 pm
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11338 posts
Posted on 3/2/21 at 12:37 pm
I heard a good interview with the CEO on CNBC earlier this week that made me do a little research on Rocket Mortgage then I saw them jump big two days in a row and then saw that WSB grabbed hold of the ticker and started pumping. I got in about 40% ago but think it's time to jump ship because this can't be real if WSB is on board...
Posted by Big_Slim
Mogadishu
Member since Apr 2016
3977 posts
Posted on 3/2/21 at 12:38 pm to
Damn you, just made a thread on this too
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
7709 posts
Posted on 3/2/21 at 12:41 pm to
Apparently a potential short squeeze
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30559 posts
Posted on 3/2/21 at 12:45 pm to
I am very nervous. Just sold half my position. I guess I will let the rest ride. These WSB pump are hard to gauge
Posted by redfishfan
Baton Rouge
Member since Oct 2015
4422 posts
Posted on 3/2/21 at 12:48 pm to
quote:

I am very nervous. Just sold half my position. I guess I will let the rest ride. These WSB pump are hard to gauge


It's not really a WSB pump though. Those guys are adding on for sure but the company is actually really solid. Killed earnings. Announced a special divy. It just so happens it's heavily shorted as well making it a prime squeeze candidate. Divy date is next Tuesday so it should run until then.
Posted by BZ504
Texas
Member since Oct 2005
9479 posts
Posted on 3/2/21 at 12:49 pm to
I bought some on Friday. Up 60%
Posted by castorinho
13623 posts
Member since Nov 2010
82036 posts
Posted on 3/2/21 at 12:57 pm to
Idk but El Gaucho should be making a killing
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 3/2/21 at 1:10 pm to
Holy shite. These Reddit nerds finally pumped something I owned already!!
Posted by TexasTiger34
Austin, Kind of
Member since Mar 2008
11338 posts
Posted on 3/2/21 at 1:10 pm to
up 70% now? think shorts are covering before WSB takes this to $100?
Posted by Capt ST
Hotel California
Member since Aug 2011
12846 posts
Posted on 3/2/21 at 1:10 pm to
Yeah, I’m pissed I sold some now.
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 3/2/21 at 1:26 pm to
Damn, this totally caught me off guard. My average is $21... do I bail, or let it ride??

How much steam is in this squeeze?
Posted by StonewallJack
Member since Apr 2008
688 posts
Posted on 3/2/21 at 1:31 pm to
I heard it will get to $1000 by Friday
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 3/2/21 at 1:34 pm to
Sold half at $37
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35354 posts
Posted on 3/2/21 at 1:35 pm to
quote:

Yeah, I’m pissed I sold some now.


I set a limit buy @4.10 for a 3/5 36c on the halt.

It got down to about 4.20 before bouncing back.
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1062 posts
Posted on 3/2/21 at 1:36 pm to
They pinned RKT mega thread on the top of WSB about 11:45 today
Posted by High C
viewing the fall....
Member since Nov 2012
53841 posts
Posted on 3/2/21 at 1:46 pm to
quote:

I heard it will get to $1000 by Friday


I heard $10,000.
Posted by TigerDeBaiter
Member since Dec 2010
10267 posts
Posted on 3/2/21 at 1:47 pm to
Annnnnd, I sold, so off to the races again.
Posted by LEASTBAY
Member since Aug 2007
14298 posts
Posted on 3/2/21 at 1:55 pm to
Dividend date is upcoming. Alot of people holding until then. Might keep running.
Posted by dlmast87
Amish Country
Member since Dec 2007
1941 posts
Posted on 3/2/21 at 2:18 pm to
I bought last week because I honestly thought it was undervalued. Now it's a meme stock
Posted by Pendulum
Member since Jan 2009
7050 posts
Posted on 3/2/21 at 2:21 pm to
I loved this company. In the fall I was sitting on a pretty sizable position but I absolutely hated the price action so I ditched it.

Thanks for making me feel dumb reddit
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