RKT trade ideas
I'm Waiting ... Then Going In Guns BlazingRecent Ipo RKT is a huge and established player in the mortgage business, and I like the company from a fundamental perspective. Right now the Technical situation isn't favoring the long side, but once we start to see a turnaround in share prices I'll be looking to take this long, guns-a-blazing. I could easily see this company trading in the 30's again by year end depending on how the election shakes out, and whether or not we see another market selloff. Definitely something to keep on your radar.
Cheers!
$RKT slowly climbing for take off Rocket is slowly regaining its momentum and building base. There was a lot of institutional buying on dips. I am considering buying more shares if market keeps selling off. I consider this being a long term investment with huge upside after earnings. My short term target 28-30 by Mid/end November . Cheers