πππOpen Sesame to Opendoor
$Opendoor Technologies Inc(OPEN)$. Up 280% year todate and still climbing like it has found Ali Baba's treasure chest buried under the sands of Nasdaq.
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
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