BUYING $UWMC at the 50% retracement
UWMC popped in sympathy with RKT and then dropped with RKT as well. It is now sitting at the 50% retracement which is a great buying opportunity. Loading up here.
Bullish Thesis:
Insider Director just bought 60,000 shares on 3/1/2021
P/E ratio of around 5 is extremely low compared to the rest of the market
Earnings coming March 22
It pays a 4% annual dividend. Ex div date is soon - 3/9/2021
Will be added to Russell index soon.
The market is currently rotating out of overvalued tech companies into value companies, and this is the epitome of a DEEP value stock
Bought at $10 with a stop loss at $7.00.
Bullish Thesis:
Insider Director just bought 60,000 shares on 3/1/2021
P/E ratio of around 5 is extremely low compared to the rest of the market
Earnings coming March 22
It pays a 4% annual dividend. Ex div date is soon - 3/9/2021
Will be added to Russell index soon.
The market is currently rotating out of overvalued tech companies into value companies, and this is the epitome of a DEEP value stock
Bought at $10 with a stop loss at $7.00.
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