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Jay told as many times before, Rkt is a long term investment.
I don't believe is going private any time soon.
The minute this closed yesterday
Someone traded 100 shares for like 2 dollars under what they could have got one minute before
Someone or groups of someone trying to manipulate
Nobody waits all day then says hey I think I Wouid like to lose 2 bucks a share
The rise in stock price yesterday gave me a reason to write many calls with strike price between $9-10.50 mainly expires after Friday. The reason I did it are two: the share price rose before the last quarter like this one, and then plummeted to sub $7. Also, I did not want to waste any money on puts.
I've accumulated too many shares since this stock moved from $10 to $sub $7. If they are called away, they will bring in +20% in a couple of months (roughly 18.7K shares with strike price $10 and under). Also, I needed to go for reduction after realizing I have only reduced my total RKT holding by less than 10,000 shares in the last month. I am still holding a large percentage of them, 75,822 currently down from just above 84,000 a month ago. Unless the trade is in my favor, I am not selling any shares. I wouldn't care if the share price goes down back to $7. I will wait to load again with the proceeds that will come from the options contracts.
Notice what happens to the share value when the share price doesn't suppressed deliberately. 34% of the floating shares is the short ratio for RKT. If the price trend continues, do you think more shorts will turn into buyers or continue to short? This half-submerged Rocket can be forced to dive a little more but what's the gain in that unless shorts risk more money, which may then allow them to earn more in $$$ but less in percentage.
I think they are running out of options. It doesn't mean, we will cover our losses soon. It still may take more time for RKT to go terrestrial depends on how soft the economy lands from high inflation/ interest rate period.