Opendoor’s rally is impressive but also highly volatile, echoing the meme-stock dynamics seen with Carvana. While some see it as a potential game-changer in real estate trading, the high short interest and retail-driven squeeze make it very risky. If the momentum continues, a price target around $8 could be feasible, but that depends heavily on sustained buying pressure and coordinating retail enthusiasm. Personally, with this level of volatility and conflicting forces from hedge funds and retail, it feels more like a speculative gamble than a solid investment. I’d lean towards staying on the sidelines unless there’s a clear trend or fundamental shift supporting the rally. Caution is key here given the battleground between fundamentals and hype.
@linkoog @BillyR
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