LogFAQs > #964638359

Lopen posted...

Well I mean, it is

But I think it's the time to buy Rocket hand over fist too for the record.

The point is 11 p/e on a stock with some uncertainty in it and limited growth potential isn't actually that low. I could easily see it drop to sub 10 again. It's nowhere near its bottom imo. Especially if you think Q4 was an outlier and that P/E number is bloated.

But any stock that has market cap in single digit billions is too risky to put 100% of your portfolio into if you're swinging 6 digits. Just period. I don't care how bullish you are.

I agree with the last sentence. Never put 100% in one thing.

I haven't bought any EVRI and I also agree it could drop further. But I'd be surprised if the stock imploded from here, like fell more than 50% in the relatively near future. I wouldn't be surprised if that happened with RKT because I view its P/E as basically an entirely meaningless number. Because 2021 was probably the best year ever for their refinancing business and that business will likely be going pretty close to zero until whenever the Fed starts cutting rates again.