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I wanna start off by saying this isn't an attempt at some short squeeze trigger, people saying rocket will randomly suddenly shoot up to 40$ again so they can unload their bags are pretty smoothbrained. However, I do in fact come bearing some pretty bullish news.
Rocket companies have quietly rolled out the test site for their new acquisition of their auto-side. A branch out of solely homes/real estate and into the car business, specifically taking advantage of the rising prices in the used car catastrophe going on in the US right now.
As youre also aware the company is listed for 991 million more buyback shares as of June 30th 2021, and their average price is listed right under 17$. They don’t intend on doing the buyback all at once to shoot the price up, but to create a verified floor for stock owners who worry about it falling under 16$.
After the quarter 2 produced billions in profit we saw the price explode far above IPO price, not because it was ready to go there but because everyone expected other people to hop on the train for some kindof second short squeeze, rather than the merit of the actual stock, completely disregarding that the actual earnings report underdelivered by a few cents. Now the price is back to trading as of right now- at the EXACT average levels that it was at after last quarters earnings report.
What this means: We might not be AT the floor but we are dangerously close to it, if youre looking to ever invest into rocket I feel that now is the perfect time. As soon as they officially announce their auto site to the press the company will be worth significantly more in fair value, and any time we tap 17$ you’ll see a dramatic increase in shares/volume/price.
I don’t want to tell you to “BUY IN IMMEDIATELY” but if you do decide to invest in this company these next few days/weeks are crucial and I believe that any second we’ll wake up one morning to the stock trading at an average price significantly higher than it is currently.
Is this the “greatest company ever” no. But it is 100% without a doubt trading FAR below its actual value for a company with this big of a market cap and some minor growth potential behind it.
My personal plan: Buying shares to average down the dips everytime it gets to the 17$ range, then holding till maybe 25-35$ whenever that happens sometime soon.