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Old 09-02-2020, 01:22 PM
  #9581  
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Dropping like a rock! Sheiot!
Old 09-02-2020, 01:35 PM
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She’s bouncing back! Next hour will tell a lot, ER on fire
Old 09-02-2020, 02:24 PM
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Look at what happened to NVDA after earnings a couple of weeks ago bouncing back to 490$ish after great earnings. Closed at 573$ today. RKT will be fine, in fact Blue Horseshoe likes RKT
Old 09-02-2020, 03:57 PM
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So I sold my RKT for a measly 1k profit (was up 15k earlier today!). Gambled on ER which they killed but fell hard, I do believe long term it’s a winner. For now I jumped in SHLL.
Old 09-02-2020, 04:11 PM
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I'll never understand stock price movement when earnings report come out. What am I missing from this published report? Sounds positive!

Sept 2 (Reuters) - Rocket Companies Inc, the parent of mortgage lender Quicken Loans, on Wednesday reported a profit for the second quarter, compared to a year-ago loss, in its first results as a public company.

The company's net income was $3.5 billion in the three months ended June 30, compared to a loss of $54 million a year earlier. (Reporting by Niket Nishant and Neha Malara in Bengaluru; Editing by Sriraj Kalluvila)
Old 09-02-2020, 04:36 PM
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Originally Posted by king_me View Post
I'll never understand stock price movement when earnings report come out. What am I missing from this published report? Sounds positive!

Sept 2 (Reuters) - Rocket Companies Inc, the parent of mortgage lender Quicken Loans, on Wednesday reported a profit for the second quarter, compared to a year-ago loss, in its first results as a public company.

The company's net income was $3.5 billion in the three months ended June 30, compared to a loss of $54 million a year earlier. (Reporting by Niket Nishant and Neha Malara in Bengaluru; Editing by Sriraj Kalluvila)
im in it long but I think youll see it bounce back big tomorrow, the problem was the numbers were expected but lacked guidance. I was hoping they had some great future looking statements but not so much. CEO said basically they expect next quarter to see revenue fall as that is cyclical every year. if they beat big next quarter which I think is possible as housing is red hot as people continue to move out of cities, it will ride up.....if you have the patience..
Old 09-02-2020, 04:46 PM
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Originally Posted by bmpfish View Post
im in it long but I think youll see it bounce back big tomorrow, the problem was the numbers were expected but lacked guidance. I was hoping they had some great future looking statements but not so much. CEO said basically they expect next quarter to see revenue fall as that is cyclical every year. if they beat big next quarter which I think is possible as housing is red hot as people continue to move out of cities, it will ride up.....if you have the patience..
I read the report in more detail, you would think they would be more positive and have a better outlook. I guess they're being honest for once

Was tempted to get in a few weeks ago and was kicking myself today for not. Might be a good entry point now. See what the morning brings!
Old 09-02-2020, 05:28 PM
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Originally Posted by joe.giuliano View Post
Sold RKT. Bought BGS.
What's your play on BGS?
Old 09-02-2020, 05:33 PM
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I got in on GOGO a couple months ago... I think there is more room to grow if they are bought out
Old 09-02-2020, 05:34 PM
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I fully expect RKT to come back ten fold.
Old 09-02-2020, 05:52 PM
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Originally Posted by RedWrangler View Post
What's your play on BGS?
No play just a cheapish dividend payer with solid earnings. I am probably late and I hope it is a hold.
Old 09-02-2020, 06:05 PM
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Anyone know what's going on with PRU???? Down 7.75% AH Got a big position with them.
Old 09-03-2020, 08:40 AM
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Market is crashing! Down 20k right now!
Old 09-03-2020, 08:41 AM
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PRU recovered overnight put what happened to everything else??? Picked up RKT @ 27.50 this morning. Should have waited another hour
Old 09-03-2020, 08:48 AM
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Originally Posted by coastalfiberglass View Post
Market is crashing! Down 20k right now!
Really?? 48 straight up days wasn't enough for you?
Old 09-03-2020, 08:53 AM
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Originally Posted by coastalfiberglass View Post
Market is crashing! Down 20k right now!
really???
Old 09-03-2020, 08:58 AM
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Ha
Old 09-03-2020, 09:05 AM
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Of course I buy few more NVDA shares last night. Luckily it's a long hold for me.
Old 09-03-2020, 09:48 AM
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Today could be the market's way of showing the Robinhood crowd a brief lesson in reality.
Old 09-03-2020, 09:55 AM
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Originally Posted by Brad1 View Post
Today could be the market's way of showing the Robinhood crowd a brief lesson in reality.
Truth! I sure hope that they are not trading margin accts.

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