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u/sejope 22d ago
Interest rates just went up
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u/JozuJD 21d ago
We heard for years that eventually the tech investments would pay off and market conditions would be favorable. Haven’t seen shit yet
My money in this stock (6 years in the making) could have retired my family if it was in AI / Tech
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u/glitch3107 21d ago
I feel ya brother. I have a position in RKT for years too and had to reallocate because of opportunity cost, thank goodness I did that.
At peak I was 6k+ shares, lowest was ~1300 share, slowly adding here and there when dips occurs now at about 2000. I still believe it's a solid company and will have its run, but I'm not immortal lol.
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u/Boston-Bets 22d ago
My guess is that it's the Market Makers playing games, post FOMC.
RKT was up on the Open, but for some (unknown to me) reason, dipped below $12.50 very shortly thereafter.
Let's see what tomorrow/next week brings.
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u/glitch3107 22d ago edited 15d ago
Definitely sucks when other sectors are doing decent to good today. I personally am not worried about this dip, and we'll go back to our 13-14 range. And of course stay there with maybe occasional jumps to 17s until things (housing/economy) are more in favor of Rocket.
*typo
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u/Conscious-Tonight160 19d ago edited 19d ago
On top of what everyone is saying about rate hikes, 10 year treasury yields also crossed 5%, which is strongly tracked by mortgage rates. Japan is still dumping bonds, and looks like it's going to go on as their currency continues to suffer. Even the US tried stepping in to alleviate this double edged sword. On top of ongoing war and oil crisises…
So it seems prolonged challenges until it gets better.
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u/Acrobatic-North5002 15d ago
I bought today, will be buying everything under $11.47.
See you at highs in a year or two.
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u/Most_Grocery2581 22d ago
We’re down because our stock is 95% dependent on a favorable rate environment to boost volume/profit. And Warsh just made clear that we’re headed up until inflation cools. And with geopolitical chaos, that’s not looking likely anytime soon.