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They actually sold only 20M , not 40M. Need to see who bought that 500M worth of shares in the next 13F filings
It’s highly possible, and hate to say dilution may be a good thing? I mean it’s not really dilution other than the float. Didn’t they just sell 40M shares? That increases the float by like 35% and they were gobbled up quick.
To your point though maybe the institutions want half the A/S before they will let it go?
Everyone ready for the afternoon dump at close?!
95% with owner. 5% for the public. Wall street won't let it go high for pvt gains. He has to offload more shares to give more to the street funds. Otherwise we will languish here only if he is going to leave only 5% for the public, he can as well take it private like his old company of 35 years ago.. the street does not like this model and that is why they are completely shorting it to not let it go up and his greedy 95% stake skyrocket..
Jm2c
You won't be surprised if it holds green? Man, high expectations. LOL
Don't u give us hope
It's possible once the institutions amass what they want they will let it go.
Exactly. I'm still hopeful this will do what FB did after about a year, but my optimism is getting lower each day.
HA! Not falling for it. Fool me once.....
Green. We'll see if it holds at EOD
Wont be surprised either way.
Yep, meanwhile my grass grew 1/8". Watched it all day and was STILL more exciting than RKT
Lmao we closed down right at the 50dma...unfricken real
Was watching some today. Need a little more excitement so going to go outside to watch the grass grow.
Great news. Price held steady today! Probably good for at least two more
Lol I agree...just frustrated...I'm long on rkt, just venting
To be honest they are not the best at news or updates. It’ll come.
Kinda like taking a beating by a bully in school everyday, day after day. But you wake up every morning and say maybe they will be out today.. Or, then they just show up later, after the day looked like a winner. Fooled ya! Again.
Kinda like that everyday here huh? Get your hopes up annnnnnddd.......it’s gone!
I treat this stock like a Ronco oven, set it and forget it!
.
It's just the same chart every single fucking day....jesus
I guess...just absurd
I hear you. Were are just trading along the 50-day. I really see no catalyst to break this out anytime soon. Just going to take a few quarters or a major announcement.
Spy 401 and were red...what in the actual duck man
God I hate that I like this stock
Ticker Latest Insider Trading Relationship Date Transaction Cost #Shares Value($)
ISD Lillard Michael Head of PGIM Fi Mar 30 Buy 15.60 9,000 140,376
AAWW Flynn William J Director Mar 29 Sale 58.20 5,000 291,000
WOR MCCONNELL JOHN P/OH Executive Chair Mar 30 Option Exercise 20.50 66,690 1,367,054
WOR MCCONNELL JOHN P/OH Executive Chair Mar 31 Option Exercise 20.47 14,036 287,317
WOR MCCONNELL JOHN P/OH Executive Chair Mar 31 Sale 67.09 14,036 941,675
WOR MCCONNELL JOHN P/OH Executive Chair Mar 30 Sale 67.60 66,690 4,508,244
Ticker Top Insider Trading Date Transaction Value($)
DOCN Access Industries Ho Mar 25 Buy 99,999,973
BW B. Riley Financial, Mar 25 Buy 64,753,541
DMS Lea Lyndon Mar 24 Buy 53,374,436
RKT Rock Holdings Inc. Mar 29 Sale 499,950,000
RKT Gilbert Daniel B Mar 29 Sale 499,950,000
RKT Gilbert Jennifer L. Mar 29 Sale 499,950,000
Pathetic...spy about to break 400 and return red again
And at that point I double down. Like I said, sitting on a ton more cash in case of a fire sale.
I do appreciate the post
When everything goes down in correction, this will go down too. Do not dream that it will stay at 23. It will go to the teens as well... They will take it down guaranteed.
Look, we all got used to the high flyers over the past 2-4 years, this is 1999 all over again. No one can lose. Problem now is the market is sooo bloated with IPO’s and SPAC’s, and companies in general that there isn’t enough money to go around to move anything. We are going to see a lot of consolidation, a lot of buyouts, and I personally see a correction is looming. I feel safe parking a large chunk here, flat is fine by me for now, heck I have a large chunk of cash that has been sitting idle for a few months earning 1/4 of 1 percent just waiting for the yard sale.
Right now I think the market is propped up, and the dominoes are teetering. A few more of these large funds are leveraged to the hilt, it won’t take much to see a major fallout.
That being said Rocket is raking in cash, it’s barely above IPO. I have Been through crashes before and faired the weather. Just keep your chips safe and your still in the game.
Just my opinion for what little it’s worth
“With enough insider information I would be broke in a month”. I love that quote
I have no idea...saw that too
Read the “Form 4’s” recently filed. Looks like some one bought 20,200,000 shares, then sold them, then someone else bought them, then sold them all the same day?
Not sure what’s up with all that? Hot potato?
Regardless how does the stock absorb 20 million shares and remain flat?
Had this long response typed out for ya, deleted it. Simply, it is what it is. Fretting over it, watching it, wont make any difference.
Everyone knows the market is stacked against us, the little guys. And no one cares.
Will hold this as long as it takes.
SPY all time high and we are red...wtf
3 earnings have gone by w stellar numbers. Nothing could best it. So it's not waiting for earnings numbers. It's something else that we do not know
This is being held hostage for something that's happening behind the curtains. Otherwise all crappy sticks are moving up crazily during covid times without revenue whereas this is the peak of housing and zero percent rates and billion dollar earnings, and we are stuck at IPO price. Mgmt doesn't care about it otherwise they would be aggressively bitching about it. So they know what's holding it back. Could be the share structure of 95% Pvt profits with price increase and 5% to the street is a wrong set up.
I am also going to patiently wait and see what happens in 3 years. After all I am waiting for 8 years for GSE to clear the hurdles and raise, this is nothing compared to the FNMA FMCC saga. Can easily wait.. for 100$ days in 3-5 years..
I still think if Jay gave us a $5 dividend they would take it to $2.50??
All seriousness, at this point I don’t know what it will take to get this to move, wallstreet is a mess, opening stocks, non opening stocks, tech, growth, etc... No one seems to know what to do with their money. (Or other people’s money in some cases).
Why are so many funds holding almost 75% of the float? For a loss?
Sooner or later the value stocks shine, that’s my play here. Jay seems like a pretty smart fella. Rocket might not be wallstreets darling today, but the fickle crowd always comes around.
I got years to hold this one, and honestly as long as a big chunk of my money is tied up here, I can’t chase the stock of the day, I feel my money is quite secure here. And if Jay deems a $1 dividend per quarter, I double my money in 5 years. Not too shabby!
I still think he should shock the shorts and partner with coinbase
Same ‘ol. Never gets old.
Likely be like this until earnings in May. Even then might blow out earnings but Wallstreet punishes them anyway cause the housing market boom won’t last.
Blah, Blah, Blah
I just like the company
* * $RKT Video Chart 03-30-2021 * *
Link to Video - click here to watch the technical chart video
Short interest actually ticked up a bit yesterday according to Ortex...squeeze has not been squoze
I don’t think I’ve ever been in a stock that spike this much and sold off each time. Ridiculous. Lol
* * $RKT Video Chart 03-29-2021 * *
Link to Video - click here to watch the technical chart video
We just the small fish, the market seems to have it in for Jay’s company and I just don’t know why?
Dude....terrible
YEP, MM's ran the stock up, Morgan sold their lot, (Or whoever bought it), and then MM's brought it right back down. Thats my opinion.
1/2 the friggin O/S traded today.
What a manipulative joke today was
IKR. But again, who cares?
That article just goes to show you all the tricks, and loopholes available to the big players.
Retail should be happy with what the get and shut up!
Just another example why investors, (and people in general), are getting fed up with so many things that are allowed to happen.
But again, who cares?
So apparently Morgan Stanley was said to price 20 million shares in a block trade, The stake was offered at $25.25 to $26.25 per share.
So I am not the sharpest knife in the block, but how is it Morgan can put up shares at about 10% above Friday close, and the price jumps right up there to grab them and actually go a little bit higher, and then come right back down flat for the day.
How does that work? Were the Morgan shares coated on gold? The peasants shares not as good?
Just asking because like I said...I don't get it.
Check for article: "Billions in Secret Derivatives at Center of Archegos Blowup"
Just more BS in this market
keep your hands and feet inside the ride at all times until we come to a stop at $200!
Hope that was fun, we now return you to our regularly scheduled program
Wow. Up $3 just after the open, and now in the red.
Rocket is a wild ride.
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