Real Estate OPENDOOR ACCOUNT 190% conditioned by social media

June 6 Internet Real Estate Service Revealing was so desperate as to return the price of the stock over $ 1 and stay on the list on NASDAQ that the guide offered A a reverse splitPotentially raising the price of each stock as much as 50 times.

In the next five weeks, the shares have risen.

Then Eric Jackson started Charliding.

Jackson, Head Head Fund, which was Bull on Opendoor years earlier when the company seemed to flourish and cost approximately $ 20 billion, wrote on x On Monday, his firm, Emj Capital, returned to the action.

“@Emjcapital took the position in $ Open -And we believe that over the next few years it may be 100-scale, “Jackson wrote. He added later in the topic that stocks can get up to $ 82.

It’s a long, long way from this sign.

This week, Opendoor shared 189%, today their best weekly performance after the company’s public market debut at the end of 2020. The action closed on Friday to $ 2.25. Its highest volumes of the shopping days were recorded on Wednesday, Thursday and Friday this week.

In an interview on Thursday, Jackson stated that the bulk of the Openndoor’s purchases came when the shares were in the 70s and 80s, which means cents, and he acquired options as well as for his portfolio.

Since Jackson’s purchase, nothing has improved for the company. Opendoor still remains the burning of cash with miserable growth prospects.

What has changed dramatically is Jackson’s online and the size of his next. The more it reports, the higher the stock goes.

“There is a real hunger to buy the next big case,” said Jackson CNBC, adding that investors like to find “lowered”.

This is what Jackson’s firm based in Toronto has a common with Opendoor.

If Openndoor was published through Company by purchasing a special purpose In 2020, he traveled on the wave wave and wider profits caused by low interest rates and the COVID era. Investors pump money into the most risky assets, raising the technology that deals with cash, to astronomical estimates.

Business Opendoor, which is involved in the use of technology for buying and selling houses in your pocket. Zillow tried and failure To compete.

Opendoor shares reached a maximum of more than $ 39 in February 2021 for a market restriction just above $ 22.5 billion. But by the end of this year, the shares were traded below $ 15, before 92% fall apart in 2022 to finish $ 1.16.

Increased interest rates have scored the entire technological sector, striking the Opendoor is particularly strong, as increasing borrowing costs reduces the demand for homes.

Jackson, similarly, had an unhappy 2022, coincided with the worst year for NASDAQ since 2008. Jackson said his key client withdrew his money at the end of the year and “I have been small since then.”

While his assets are under the guidance Carvan.

The e -commerce automobile platform lost 98% of the cost in 2022 when investors weighed bankruptcy. In the middle of the same year, when Carvan is still far from the bottom, Jackson expressed his bullishness. He said CNBC In April that he liked the action and then promoted the recovery on pipeline in June. He also said that he liked the OPENDOOR at the time.

Investors, ready for the stomach, in 2022 were rewarded by 1000% in 2023 and much more from there. The action closed on Friday at $ 347.52, which is $ 3.72 in December 2022, and almost three times the price of Jackson’s appearance on CNBC in April of the same year.

After the slide of the 2022, “then obviously began an epic return,” Jackson said. Meanwhile, Opendoor “continued to roll down the mountain,” he said.

Jackson said the fall of 2022 made him pursue another method of stock. He started hiring a small team of developers that now four people to build Artificial intelligence Models. The firm has experimented with several models – some worked, and some did not – but he said that the focus used what he learned from the feeders to find the capabilities of “100x”.

In addition to the Opendoor, Jackson was promoting IronPower supplier for mining bitcoin and ai loads, and Mining cipherwhich is in a similar space. He saw his following Elon MuskThe Social Media X website, which, he said, has been stuck for many years from 32,000 to 34,000, swells to almost 50,000. And after a long lull, investors turn to it to try to invest in their fund, he said.

Jackson rides a lot on the Opendoor, a company that saw the profit and number of homes sold in The first quarter A year earlier and gained losses of almost $ 370 million over the last four quarters.

In early June, Opendoor announced the plans for the return split – within 1 to 10 – to “give us optional in the conservation of our list on NASDAQ”. The action is now more than $ 1, such a step looks less necessary, as shareholders are preparing to vote for the proposal on July 28.

“I think it’s a terrible idea,” Jackson said. “These things tend to further secure the transition of the company into oblivion, not to say hello with a great revival.”

Opendoor did not respond to a comment request.

With zillow and Redfin handler release The outdoor purchasing market, OPENDOOR faces small competition in the housing owners to sell property on the Internet for cash rather than worrying a long bidding, sales and closing process.

Jackson is engaged in revenue growth and has increased the market share to lead to a profitable business that will push investors to evaluate the company with many between Zillow and Carvana. At $ 82, OPENDOR will cost about $ 60 billion, which is projected to be approximately $ 2029.

Jackson said his model suggests that “as a carvana, Opendoor can prove that it can forever turn the tide and get to sustainable profitability” to “the multiple market will be revised.”

Meanwhile, it will continue to publish on X.

On Friday, Jackson wrote a topic consisting of 11 reports stating that “99.5% of my Aum” disappears over the night after his main investor pulled in 2022.

“Translated: He fired me for losing it too much money,” Jackson wrote. He said he almost closed the fund, and he was even urged by his wife and accountant.

Now Jackson uses his recent impetus on social networks to try to attract investor money while reminding the prospects that he may lose it.

“Everything I have is my reputation,” he wrote, “and if I continue to collect good actions, it will not remain.”

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