Marshall Pickett

Building Pikit, Game-changing Property Intelligence Platform. Data, insights & tech that actually moves the needle. 👉

[Marshall Pickett @Pikithome]

How does a little guy like myself turn https://t.co/UzThNDAedq into a game changing Real Estate Tech company. I have 3 ABSOLUTE MUST

1. Affordable
2. Easy to use
3. Makes everyone’s life easier

Follow along if you want to see the evolution!

There are very few people in the tech industry with the knowledge I have in Real Estate, and I’m determined to help change the industry properly!

[Marshall Pickett @Pikithome]

@DrBillCosby lol nope

[Marshall Pickett @Pikithome]

I guess not 😢. Luckily I made money scalping to cover my call loss tomorrow morning

[Marshall Pickett @Pikithome]

Wait until the call everyone $AVGO

[Marshall Pickett @Pikithome]

@DrBillCosby I broke even thank god. Was down 18k at worst and got it all back and up $600 on day ex $OPEN down $8k there today

[Marshall Pickett @Pikithome]

I’m still feeling this

[Marshall Pickett @Pikithome]

Maybe it’s just me but today feels like one of this days where market rips green very soon $SPY $OPEN

[Marshall Pickett @Pikithome]

Wait until the call everyone $AVGO

[Marshall Pickett @Pikithome]

$AVGO very interesting. If beat and guide we could see $600

[Marshall Pickett @Pikithome]

$AVGO very interesting. If beat and guide we could see $600

[Marshall Pickett @Pikithome]

Can you let people know this isn’t to fire you it’s a vote against things you want. Stock crushed today over people thinking @nejatian might get fired

[Kaz Nejatian @nejatian]

If you are an Opendoor shareholder, I have an ask.

Proxy advisors at ISS and Glass Lewis have recommended shareholders to vote against me at our Annual Meeting. I don’t take this personally. This is the fifth time in my career these same people have told people to vote against my team.

These proxy advisors have built no companies and are not meaningful shareholders of OPEN. They're a checkbox industry charging fees to tell other people what to do with shares that aren't theirs.

Usually most companies can’t do anything about this since many institutional shareholders will just vote the way ISS tells them to.

But Opendoor has the Open Army! It is important that we stand up against this separation of management from shareholders.

If you are so inclined, help tilt the world in favor of shareholders and away from bureaucrats.

Find out how (ask your broker, check your emails) and vote your shares. Our board is excellent. We are back on mission and we are winning.

Don't outsource your vote. Read the proxy. Vote your shares.

[Marshall Pickett @Pikithome]

@rosskay May June are often highest commission month just not contracts months. What’s your problem

[Marshall Pickett @Pikithome]

This is very true. May June always suck in real estate

[Kaz Nejatian @nejatian]

@UMM_MONEYSMELL The reverse. Late May to Mid June is seasonally very slow for Opendoor acquisitions. It is our slowest time of the year.

[Marshall Pickett @Pikithome]

@DrBillCosby That’s me

[Marshall Pickett @Pikithome]

Maybe it’s just me but today feels like one of this days where market rips green very soon $SPY $OPEN

[Marshall Pickett @Pikithome]

Took some $SPX calls here 0DTE

[Marshall Pickett @Pikithome]

Maybe it’s just me but today feels like one of this days where market rips green very soon $SPY $OPEN

[Marshall Pickett @Pikithome]

What’s going on with $OPEN today I just looked at stock. Can’t find and reason here

[Marshall Pickett @Pikithome]

Correct you do get that. It’s also area specific as well. For example luxury in the northeast is generally much busier in the summer compared to southeast

Personally for me my busiest months have historically been mid October through April with January being slow and sometimes November/December.

[Marshall Pickett @Pikithome]

@FinTonyX I’m only focused on Tech they implement

[Marshall Pickett @Pikithome]

I don’t think this metric is ever worth looking at. Who cares really. $OPEN is a tech company that’s losing money while building great things behind the scenes!

[ssj2abid @ssj2abid]

$OPEN acquisition numbers are out. 429 this week. Down 21% from last week's 542.

Lower than I wanted, but a single week never tells the story. After running well above the accountable dashboard's projected trend for weeks, a step back toward it isn't a surprise, the dashboard was guiding for this.

16-week trend:
537 → 449 → 442 → 390 →
447 → 610 → 545 → 658 →
594 → 458 → 424 → 511 →
582 → 655 → 542 → 429

→ 16-week average: ~517/week
→ spikes then consolidation, the whole way up
→ inventory still growing underneath it, which feeds future sales

Let's run the math on the 16-week average, 517/week, not just one print (963M shares, $93M quarterly costs):

At 6% CM:
→ 517 × 13 = 6,721 homes/quarter
→ × $398K = $2.67B revenue
→ × 6% = $160M contribution
→ − $93M costs = $67M net/quarter
→ $268M annualised ÷ 963M = $0.28 EPS
→ 30x = $8.41 | 45x = $12.62 | 60x = $16.82

At 7% CM:
→ $2.67B × 7% = $187M contribution
→ − $93M = $94M net/quarter
→ $376M annualised ÷ 963M = $0.39 EPS
→ 30x = $11.74 | 45x = $17.62 | 60x = $23.49

Net income positive at both margins. At the running average. With everything else still early.

And that's the part I keep coming back to: this team does not stop shipping. Just this week they launched the new Opendoor iOS app, browse homes, see pricing, book a tour in a few taps, all in one place.

→ Velocity OS rebuilt the pricing engine
→ Mortgage live
→ Title intake cut to minutes
→ Now a full consumer app

Every week there's something new, and none of that velocity is in the numbers above yet. Excited to be a part of this journey ♥️

The stock is ~$5.40.

Patience and conviction.

nfa, long $OPEN 🏠

[Marshall Pickett @Pikithome]

@FinTonyX This is also true. I don’t care about that much either tbh

[Marshall Pickett @Pikithome]

How many employees are there today at $OPEN. I have no idea what it is. Does anyone else know

[Vivek Sen @Vivek4real_]

THE CHAIRMAN OF OPENDOOR, IN SEPTEMBER 2025:

“THERE'S 1,400 EMPLOYEES AT OPENDOOR. I DON'T KNOW WHAT MOST OF THEM DO.

WE DON'T NEED MORE THAN 200 OF THEM.

IT'S GOTTEN EASIER BECAUSE OF THE ADVENT OF AI AND OTHER TECHNOLOGIES.

THIS WILL BE A SIMPLE PROBLEM.”

[Marshall Pickett @Pikithome]

So these companies with 80-90% institutional ownership are nothing more than holding company’s for retail to bid up and they turn around and leverage that asset into other shit

The house of cards never fails because they never sell. Retail just trades like 1-3% of the supply back and forth all day

Only time they sell is on margin calls so as long as market doesn’t crash 20% in a day we all good lol

[Marshall Pickett @Pikithome]

$MRVL today is up more than what I bought the stock for in March at $78 😂 😂

How can the market miss price this for that long. What a joke

[Marshall Pickett @Pikithome]

@wiseapeman @unusual_whales 😂