Opendoor is sure looking more and more like a meme or reddit stock with it's own army of supporters calling themselves the Open Army. Kaj's narative is really enticing and the actions he is taking sounds reasonable.
But worryingly lacking of one element. Cash. They seem to be running out of this. This is the reason for the new share offering.
And with all meme driven stocks, fueled by the masses who chase up everything being promoted on social media, they run either way very fast. Beware, be nimble.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- CaesarHicks·11-11Cash crunch is real. New shares dilute value. Meme hype won't fix fundamentals. Stay sharp! [看跌]LikeReport
- Astrid Stephen·11-11Open Army’s momentum! Risky but could spike fast,let’s ride.1Report
- Athena Spenser·11-11Red flag—trade nimble!1Report