OPEN - Buy the dip or sell?

Nayazindagi
2022-11-05

$Opendoor Technologies Inc(OPEN)$ 

The housing market will bounce back in the US. The home-selling process will become increasingly digitized. Opendoor won't go bankrupt. The company has a massive first-mover advantage in creating the marketplace for digitally buying and selling homes. 

Furthermore, the stock is ridiculously undervalued at 0.1X sales. Yes, OPEN has been a falling knife and a huge loser but it's a winning company with a winning technology platform. 

With strong conviction, I believe the stock will soon stage a generational comeback. Thus, I'm buying the dip.

@CaptainTiger@TigerStars@MillionaireTiger

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Comments

  • Victor Ang
    2022-11-05
    Victor Ang
    Thanks for sharing
  • YvetteGunther
    2022-11-05
    YvetteGunther
    Everyone is laying people off- Google, Amazon, Netflix, Facebook, roku...its macro economic...not business based. Opendoor will be fine. They were profitable 1st and 2nd quarter...and will be profitable in 20
  • YorkTurner
    2022-11-05
    YorkTurner
    Revenue doesn't matter at all in a recession, only profits. If they couldn't profit during a runaway bull housing market, how can they profit during a downturn?
  • YaleBrewster
    2022-11-05
    YaleBrewster
    Open volume will continue to increase. The business model buy and sell without agents in the long run will be a huge benefit.
  • KeeBoonTong
    2022-11-05
    KeeBoonTong
    lalalalalallalaa
  • Stikman
    2022-11-05
    Stikman
    nice
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