$Opendoor Technologies Inc(OPEN)$’s rally is no ordinary meme stock move. 📈
After a two-month surge and three straight days of gains, its YTD performance has already hit +280%. And today’s open? Still climbing!
Why is it still running? Short Squeeze ongoing…
With short interest still above 20% and its small-cap profile, a coordinated squeeze by retail or institutions could push the stock higher.
The hype started on Reddit’s WallStBets, where many are calling it “the next $Carvana Co.(CVNA)$ .” Don’t forget—Carvana rocketed 100x in just 30 months. 😮
Some even believe:
“Opendoor is building the way people will trade real estate for the next 10–50 years.”
Some sets PT for $8.
Wall Street is betting BIG that $OPEN is going down.
Meanwhile, Wall Street hedge funds are piling on shorts—Citadel, Jane Street, Wolverine and more loading up on puts. But retail enthusiasm and squeeze potential have turned $OPEN into a high-volatility battleground:
Hedge Funds vs. Retail, Fundamentals vs. Momentum.
So what’s next? Another leg higher, or a meme-stock flameout?
Gamble… or golden chance? 🎲
To learn more about $Opendoor Technologies Inc(OPEN)$’s move, welcome to follow @Barcode. She writes insightful technical analysis on these high volatile stocks just like $OPEN.
Discussion:
Do you think Opendoor could really be the next Carvana?
If it keeps running, what’s your price target?
With this kind of volatility, are you chasing the squeeze or staying on the sidelines?
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Comments
尽管如此,我还是很谨慎。对冲基金做空是有原因的——开放式基金面临盈利问题,而且房地产市场并不强劲。动量可能会加剧挤压,但基本面总是会回归。对我来说,这看起来更像是零售和机构之间的摊牌,而不是真正的增长故事。
我不会在这些水平上追逐,但它留在我的观察名单上。如果势头保持,8美元是可能的。但对我来说,这更多的是短期投资,而不是坚定持有。在波动性如此之高的情况下,风险管理决定了谁赢谁输。🎲
@Tiger_SG @TigerStars @Tiger_comments
@linkoog @BillyR
With 24% of the float shorted, this was less of a recovery play and more of a genie escape. Once the squeeze began, it was Open Sesame and poof - the hedge funds vanished in a cloud of margin calls!
Retail investors from Reddit saw the chart, whispered abracadabra, and now Opendoor is trading like it has got Zillow's wand and Carvana's magic cape.
Rate cut hopes sprinkled fairy dust on housing stocks. Lower mortgage rates equals more transactions and Opendoor's flying carpet gets a tailwind.
If you are tactical & love a good squeeze, this is your genie moment. But if you are risk adverse, this might just be a popcorn trade, not a portfolio treasure because sometimes, the best magic trick is knowing when not to say Open Sesame.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub