Opendoor right now feels like a meme-stock style rally — fueled by retail enthusiasm and media hype. The recent surge to three-year highs is driven more by momentum than fundamentals, amplified by backing from high-profile investors. Still, the high short interest and the bearish engulfing pattern on the charts suggest a possible correction ahead. Caution is key here — chasing the squeeze might look tempting, but emotions can easily derail rational decision-making.
Jane Street Takes Opendoor Stake: New Rally Begins, $10 Again?
Jane Street disclosed a 6% stake in the company, while a stronger-than-expected new home sales report boosted sentiment across the housing sector.
With institutional backing and macro tailwinds, could this rally be the start of a bigger comeback for Opendoor?
Aim for $10 again?
How do you view Jane Street's stake?
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