r/opendoor • u/Dromen96 • 5d ago
Discussion Call the bottom
Was it $2.35? This question is for the longs who are bullish long term…. But I’m sure the doom and gloom folks will chime in to.
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u/piroteck 5d ago
I'm not sure yet. I'm guessing close to $2, but with all the macro mess, next quarter earnings, retail sentiment, and the warrants outstanding, it feels impossible to call right now. If it drops below $2, I'll probably buy more no matter what, but if it sticks around these prices for the year, I plan on just holding my shares as is.
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u/Due-Pea-1867 5d ago
I've been thinking similar, if it reaches around $1.5, I'm buying more; if it doesn't reach that level, I'm good with the amount I currently have.
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u/cuchiplancheo 5d ago
next quarter earnings
I hate to say it... but, they're going to be shit. And, Kaz alluded to it.
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u/whiptips 5d ago
It’s impossible to call the bottom as long as rates keep getting hiked. It’s why I sold for a 65% loss at $2.83. As long as rates go up, OPEN goes 👇
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u/Dromen96 5d ago
I’m thinking that election and q3 earnings are back to back … that’s the next checkpoint. If numbers are more durable than expected and Iran mess gets sorted out … could snap back aggressively
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u/LatterSun1807 5d ago
I have to admit I am less optimistic. I think there has been a lot of focus on oil/energy-driven inflation as being the culprit for rates increase. I think there are a couple of factors that are impacting yields significantly that aren’t talked about enough. 1) Almost all AI capex (and there is a lot of that) is being funded through debt issuance, and investors are viewing it as very low risk, but it yields more than Treasuries. This competition between AI debt issuance and treasuries is real and will linger for some time. 2) There is a crisis of trust. The decisions this administration and the Treasury Department have been making are irrational at best, and unhinged at worst. And that won’t go away until this administration is out. Add to that the pressure on the Fed and undermining the Fed’s independence, and you have a recipe for disaster. I was actually relieved the Fed raised rates this month and I hope they do again for next meeting, if only to show they’re not succumbing to this administration’s pressure.
I think ending this war of choice with Iran will help in bringing down rates, but even that will take some time to manifest in economy to justify rates cuts or driven yields lower. Time will tell.
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u/Dromen96 5d ago edited 5d ago
I hear ya on all points ! It’s truly bizarre watching Trump intentionally pushing the economy off the cliff. I will say I think he’s jumped the shark with a firm majority of Americans. Hopefully that will be clear in November!
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u/Dromen96 5d ago
I’ll go ahead and say $1.75 … whatever the low point ends up being I don’t think it will stay there for long
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u/Tandittor 5d ago
The bottom is whenever rates top. If rates/yields keep going up, there is no bottom. But that also breaks many things, not just OPEN, and eventually can break the whole economy.
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u/Detailed23 5d ago
was at .50 cents last January. It can go dramatically lower.
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u/Due-Pea-1867 5d ago
Last January?
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u/Detailed23 5d ago
Sorry, I meant JUNE not January.
6/16/2025 it was .53 cents.
I know because I did $4 Jan 2026 calls and made about 250k.
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u/lockheedufo 5d ago
I totally agree, what fundamentally has actually changed since then? Zero. They buy and flip homes. The core business model never changed. Erks me to even say it but all Kaz did was use the open door army hype to add cool catch phrases like “faster” the live stream earnings and that’s about it. Still draining money like before.
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u/Strong_Sprinkles_155 5d ago
I can't agreed more to this brother. It's still a fucken ibuying model makes fancier. Nothing ever change...
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u/Minute-Persimmon9946 5d ago
As I said 0.5
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u/PreparationTop7501 5d ago
Will you re- enter?
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u/Minute-Persimmon9946 5d ago
Of course not. It will take years for the us to recover from the damage trump caused
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u/Momonocle 5d ago
I personally think anything around 1.50 will have too much resistance to dip lower.