$OPEN 2 hours in and we are at 78% of trading volume. Yesterday’s drop at close was the shorts covering after failing for 3 days to pull down the stock. This is only the beginning. The 2nd half of the year you will be in the money for your warrants. Enjoy!
BTW for each and everyone of you that has 100 shares to 4.5 million shares ( you know who I’m talking about) your due diligence on $OPEN is the answer to critical thinking over irrational exhuberance. Purely data driven over rhetoric and innuendo.
Happy 4th of July!
$OPEN 🔥🔥🔥🔥🚀🚀🚀🚀🚀🚀🚀🚀
What does this mean?
"US home sellers slash asking prices as housing market weakness deepens, per Redfin."
This means that home sellers across the U.S. are significantly lowering their asking prices because the housing market continues to weaken.
Simply put:
• Homes aren't selling.
• Sellers are giving up on their original asking prices.
• More price cuts are becoming necessary to close deals.
Why is this happening?
• Fewer buyers are in the market.
• High mortgage rates have reduced affordability.
• Housing inventory is increasing.
• Homes are sitting on the market much longer.
As a result, many sellers are finding that lowering their price is the only way to complete a transaction.
What does this mean for Opendoor ($OPEN)?
In the short term, the news is mixed.
Negative:
• Downward pressure on home prices.
• Slower home sales.
• Higher inventory risk.
Positive:
The more difficult it becomes to sell a home, the more valuable instant liquidity becomes.
Homeowners who don't want to wait months to sell may increasingly turn to Opendoor for a fast and certain transaction.
I also believe this environment could actually work in Opendoor's favor. Sellers are struggling, and if Opendoor can acquire homes at attractive prices and then offer buyers financing around a 4.99% mortgage rate, many buyers would likely find that extremely compelling.
That could be one of the smartest ways to continue growing in a challenging macro environment. Companies that can create liquidity and reduce uncertainty are often the ones that emerge stronger when the market eventually recovers. @nejatian@morganb
Told y’all! 😈 Get rekt, shorts.
THAT’S THE BREAKOUT! 📈
Volume continues to increase, which only adds confirmation to the move.
And Warsh just said inflation is stable… 👀
#OpenArmy#Opendoor
@NYCMayor@ZohranKMamdani This is a lie. You balanced the budget by borrowing billions from the NY state government which pushed back pension payments, so you literally took money from "the backs of hardworking people."
Don’t get it twisted.
$OPEN 🔥🔥🔥🔥🚀🚀🚀🚀🚀🚀🚀🚀
Real estate agents, and now even appraisers, have started speaking negatively about $OPEN. Every time I hear comments like these, it only reinforces my belief that $OPEN is growing and becoming a real threat to the old guard. That's exactly why I'm going to keep investing.