There's still some back and forth around whether or not Rocket (RKT) - Get Report has been sent soaring by WallStreetBets investors--who were responsible for the GameStop (GME) - Get Report rally--but there's not doubting that some traders have jumped into the name, which sent shares rallying on Tuesday.
TheStreet's Martin Baccardax noted, "Rocket Companies, which is controlled by Cleveland Cavaliers owner Dan Gilbert, has more than doubled in value over the past five days despite being one of the most heavily-bet against stocks on Wall Street. The move appears to echo a similar run in shares of GameStop, the money-losing video game retailer that came to define the power of individual investors in their battle with hedge funds and short-sellers when it soared more than 1600% from late January into early February."
Jim Cramer breaks down his problem with the Rocket Short thesis in the video above.
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