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Post by Blitz on Mar 2, 2021 16:10:27 GMT -5
I actually think Rocket Mortgage (RKT) was undervalued or at least under appreciated. That said, it is the new Reddit toy. Some short squeezing going on as the retail Reddit and Robinhooders jump in it.
It was a pretty stable $22 stock and today it went up $17. Lots of call options being bot too...
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Post by Blitz on Mar 5, 2021 16:53:11 GMT -5
Back down to $25... playtime is over class. 😎
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Deleted
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Post by Deleted on Mar 5, 2021 18:12:56 GMT -5
I thought RKT may be like GME but I was wrong and so far i'm down $7,000 and will probably be in the stock a long time, I don't see it making an explosive run higher.
GME is the only GME no other stock has shown it can take the place of GME at this time, not even AMC, or KOSS IMO.
So far GME has had 2 huge, immediate & sharp, explosive run ups, the way it's trading now is not one of them. The last run up started at $40 and went to $185 quickly.
Years ago there was a stock called called Iomega, I believe it had 4 (not sure but there definately were 3), huge, immediate, explosive & sharp run ups, so far GME has had 2.
GME reminds me of the Iomega trade, Iomega's stock was basically worthless like GME was. It would go to a low price like GME has done twice & then explode higher, so i'm guessing GME will go to a lower price again, maybe $40, and explode 1, 2 or 3 more times before the trade is over. In those 1,2 or 3 more times I believe there is a lot of money to be made.
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