Board 8 > Stock Topic 36

(+) Yeah! (+)

Ohhh yes moonroof

Let's get that money

If it doesn't moon be sure to hold through the 8th for that $1.01 dividend

If it does moon well, just sell the spike and screw the dividend

Whats the real with you thinking it will moon?

20% short interest
700m shares worth of buyback on the table, they've announced they will be buying more back soon)
$1.01 dividend announced, record date March 8th (if you're short, you don't get the dividend and have to pay it out instead)

Basically the same concoction that sent Rocket from 20-43 last year (short interest is supposedly lower-- I dont know if I believe that given the price in the past year). Thinking we at minimum hit 20 again by the time that dividend hits

Moonroof posted...

I agree. Dont buy a home. Hold your stock money as the market will trend up eventually.

Yep, at present, I'd lose money if I were to sell it all because I'm currently down due to the correction. Part of why I threw in a lot of money, because I believe we will bounce back and end the year with overall profits.

red sox 777 posted...

You can explain that you could also lose your money on a house. If you are putting 20% down, a -20% move in housing prices wipes out your equity.

That's true as well. I think she believes that I should have the money in "safe" things like savings accounts or CDs and just keep building on it, which isn't necessarily bad advice in normal times, but inflation really hurt my cash position last year.

So we are thinking RKT will go up until the 8th?

RKT should go up tomorrow and Monday. Selling at any significant spike during that time isn't the worst idea

SHOULD. If this nuclear reactor thing in Russia Ukraine pans out the price may able to be pinned in which case just staying through the 8th for the dividend might be worth. I do think this is one of the better stocks to be on right now though. We've got the company itself helping so it could very well prove tank proof.

Honestly if the situation goes really sour SPY puts with like a month long duration might be a good safety cushion

Well good news is Ukraine has regained control of the nuclear power plant, and to boot the nuclear power thing seemed like (essentially, in terms of risk of nuclear meltdown) fake news and futures have mostly recovered

Way out of the money SPY puts probably aren't a terrible idea if you're very paranoid of the war going sour though.

in on RKT

While I'm only in it for the swing I legit think Rocket will become a $30-$40 stock in a few years, and sustainably not as like a squeeze target. 5 5ish P/E is super low. That's like Chinese stock level value.

The fact that a company making money hand over fist gets shorted down that much is just a sign of how corrupt everything is in wall street right now.

Pretty safe stock imo

I feel like its too obvious for RKT to go up, and therefore its already priced in. Hopefully Im wrong.

Moonroof posted...

I feel like its too obvious for RKT to go up, and therefore its already priced in. Hopefully Im wrong.

Shorts haven't covered so nothing is priced in.

The amount of fud going on on the stocktwits board about how the dividend works (people trying to claim there will be a sell off tomorrow and record date was Thursday) has me dead certain it pops pretty hard tomorrow or Monday. Also with 700m of buybacks left to use I'm thinking RKT itself helps light the fuse. (Though I think they hold a lot back to prop the price up through divvy date too so it looks less like a pump and dump this time)

Very weird stuff happening with the ask and bid of rocket options right now. Accompanied by no volume.

This is going to pop.

Market total dump mode

RKT is basically holding dead even

I feel like this is the biggest sign you're going to get that the sweeping market reacting to news that isn't stock specific is just short selling. No one panic sells their portfolio because of a war in a distant country, generally speaking. People panic sell their portfolio because the dollar amount went down alot, but that's the psychological warfare and price manipulation being selectively done with the news release, not the news itself

Side note I bought 30 16c for today just now for $30. This should probably be the biggest red flag since I'm looking at hundred times over returns if it clears 16 but hey you know whatever. It's 30 bucks and I still think we're going to see a random spike that snowballs sometime today.

Mooned too late and not hard enough for me to make huge money today. Oh well.

Most of my calls were for 3/11 and 3/18. Still feeling good about them. Most of them were at 15 so getting real close. Finishing over 14 was big. Huge shorting to keep us contained today and failed. Tons of itm calls to deliver next week. If we get supported by share buyback off the "dividend selloff" this could get ugly real quick

I had my strike at $14.50. Worked out well

Oh you sold calls? Good!

Yeah. Debating what to do for next week.

Robinhood temporarily disallowing trading of Rocket Options

HMMMM

Wow. Theories?

Looks like the same thing happened last year.

https://www.reddit.com/r/Wallstreetbetsnew/comments/lyxhvh/wtf_robinhood_rkt_option/

https://www.reddit.com/r/TeamRKT/comments/lz9qeh/explanation_of_what_is_happening_with_options_and/

I retrieved my 2021 tax documents from Robinhood. I am now ready to finally close my account with them after I liquidated everything I owned there.

Good riddance, I say. Shame that they are still messing with stocks and options like this.

Moonroof posted...

Looks like the same thing happened last year.

https://www.reddit.com/r/Wallstreetbetsnew/comments/lyxhvh/wtf_robinhood_rkt_option/

https://www.reddit.com/r/TeamRKT/comments/lz9qeh/explanation_of_what_is_happening_with_options_and/

Hmm OK

The phrasing is suspicious but I suppose it's possible their ability to handle options is just bad and they'll re-enable options on Monday. Doesn't affect me at all as I have no desire to accumulate more options on Robinhood and what I do have is able to be closed normally. But it could hurt a possible gamma ramp if the buy button is indeed turned off.

By the way you absolutely must not sell your shares before the 8th at this point. After that do what you will but I think the share buybacks haven't really been used yet and will be employed to remove any sort of pump & dump vibe from the dividend. 700 million dollars can do a lot of work. There were also over 10000 ITM options this week just at 13.5. I believe 14 had another 5k or so. So yeah could be a fun week either way. Wouldn't want to sell right now. Most of my options are 3/18, 13.99. I have a few for this week at 12.99 and 16.99.

Monday in particular I was interested because of two reasons. 1. You basically don't want to sell on Monday as the stock has been ex-dividend but record hasn't occurred. What this means is that organic selling pressure will be minimal. (It could still dump due to shorting with how the timing of ex-dividend and settling works, I believe. That's where the buybacks help us) 2. A bunch of ITM calls from this week need to be delivered/hedged for.

Also tactically pushing share buybacks on Monday makes a lot of sense as people want to hold through Monday, but ex has occurred so shares are cheaper which means more buyback for your buck (they obviously don't care the buy is mistimed as receiving their own dividend doesn't matter)

I say tactically because RKT management is clearly frustrated by short selling with these special dividends and buybacks. If you don't think they're going to try to get those 20 million short shares to cash out at heavy losses I think you'd be wrong. Gradual pump for the next few weeks would punish hard and would give the most credibility to its chart and investor confidence.

Anyway we'll see how it goes. Really excited for my position right now though. Kinda thinking a push to 30 range by March 18th is in the cards. 30 imo makes a lot more sense as fair value than 14, talking strictly P/E.

What if RKT is up over 5% tomorrow? Id want to sell.

Futures are yikes.

Gonna say this for tomorrow:

ow my portfolio

Damn, getting crushed pre-market 8%

RKT doing bad and BBIG too.

DNN has been doing well

I officially suck at stocks in 2022. The combination of the correction and Russian war has devastated my account. Trying to time the market under these conditions is proving too difficult for me, whereas in 2020 and 2021 it was significantly easier, for obvious reasons.

I am down around $80k YTD and think its time to call it quits for a while.

Well if nothing else hopefully you learned something

Trying to time the market can win you lots in a bull market but in a bear market you're going to just eat losses

I seriously would recommend just getting into an ETF at this point. I don't think you have the patience for normal stocks to not be suicide but ETFs should also recover pretty hard when the market decides to stop going down

That decade-long cup and handle on gold wew

Loaded a bunch of 2c for BBIG Mar 18

Breaks even at 2.35. I really don't think they can keep it pinned that long. We'll see if I keep burning money or this is the easiest multibagger ever.

RKT also still looking good btw. Almost want to get some 12.49s for next week on that too.

ow my portfolio

I don't think I've had a drop this bad in a long time. Going in fully into the stock market at this time may not have been the right idea.

MMMMM raw dogged

Futures are looking up

Nasdaq officially closed in a bear market. That's probably a good thing. The market didn't want this to go down in history as only a correction.

6 weeks after Tyde Form 10 Amendment is actually tomorrow, where the figure I'd heard time and time again was 4-6 weeks

Coinciding with BBIG's historical 2.20 bounce point

Coincidence? Well, maybe, but I'm actually super hyped we'll see something very soon.

Bear market confirm + a bunch of OIL running today makes me think we'll be very green tomorrow

Lots of heavy bags filled with oil as big money pump and dumps them and lets other stocks run while all the dumb retail investors are chasing oil

Just gotta keep our ears to the ground for some neutral Russia/Ukraine story spun positive by the news media. That'll be the sign we're going to be green.

Zachnorn posted...

Futures are looking up

And now they're down. Gah!

Look at HUSA and NINE. They absolutely crushed it yesterday and are crushing it again pre-market. Wouldve been an interesting bet to go in on them at close yesterday.

Moonroof posted...

Look at HUSA and NINE. They absolutely crushed it yesterday and are crushing it again pre-market. Wouldve been an interesting bet to go in on them at close yesterday.

You're the exact kinda investor that is getting pump and dumped by the oil

Well to be fair Nine is still up. HUSA is down a clean 40% now though

No? I didnt go into either of them. What I should have done, though, was invest last minute yesterday realizing that they are energy companies. Wouldve been super easy gains this AM. You could have even invested midday yesterday and made money, which I sometimes do with top performers.

No?

Most energy got dumped today. Especially if you got in today rather than the end of yesterday since most gapped up pre-market then nosedived two hours ago or so. Look at the charts. Nine is a gem but most are closer to HUSA's -40%

People chased energy and then energy tanked. No real reason for energy to immediately go up that much because of gas prices going up. Big money knew that.

The Financials of HUSA are hilariously bad.

When your company has less revenue than an upper class household you aren't worth buying

You want a play on oil buy a bunch of 4p that expire April 22 on RIG

I said the play would have been buying them midday or end of day yesterday, and selling at open today.

Actually I do have one play on OIL

OSG. Earnings call tonight. Could moon because of increased guidance due to needing to import more oil from the east coast (Russia would generally import from the west coast for obvious reasons)

We'll see. Definitely not a moonroof play does not feel remotely safe enough but I like the potential fomo upside?

Moonroof posted...

I said the play would have been buying them midday or end of day yesterday, and selling at open today.

Yeah I know. Until you get the timing wrong and lose 25%. It's easy to set the parameters after the fact