$Rocket (RKT.US)$ take advantage of the weakness in this com...
$Rocket (RKT.US)$ take advantage of the weakness in this company as a buying opportunity. you have to look beyond the gyrations of the 10-year which sets the short-term rates for the mortgage industry and look at the general trend and direction and if you believe we're getting two more rate cuts this year which chairman Powell said and if you believe that they are on a rate cut trend line where it will continue through next year and it doesn't have to happen every month then the greatest benefactors are the banks and within the banks the highest profit division is the mortgage division is the lending division and within that it's refinancing not housing purchases but refinancing. it doesn't matter that house prices are up and people are not moving because those rates fall those people that have accumulated debt will refinance do a Cash out refinance and consolidate their high interest rate credit cards up to 30% into their mortgage to lower their monthly nut.
Rock it's been around 27 28 years a long time they have this business to a science their cost of customer acquisition is virtually non-existent and it should be bought here not say can't go a quarter lower eighth lower because it's the market there's risk but three months from today 6 months from today I believe next year first quarter it's going to be 2122.23 and all the knuckleheads on Wall Street will be saying by rocket stock.. and you can gladly sell it to them because you had the foresight to buy low
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