Recent Ipo RKT is a huge and established player in the mortgage business, and I like the company from a fundamental perspective. Right now the Technical situation isn't favoring the long side, but once we start to see a turnaround in share prices I'll be looking to take this long, guns-a-blazing. I could easily see this company trading in the 30's again by year end depending on how the election shakes out, and whether or not we see another market selloff. Definitely something to keep on your radar.
Cheers!
Cheers!
