Why I'm Selling My Opendoor Shares | 51% Crash YTD!
In a Nutshell
The speaker is selling Opendoor because the company remains unprofitable with $1.3B in losses on $3.9B revenue, has declining revenue, and faces headwinds from rising mortgage rates. Despite a 50-61% YTD crash, community members continue promoting the stock while down significantly and refusing to show their actual positions. The speaker views it as a failing house-flipping business with poor fundamentals and technicals, preferring to stay in cash rather than hold through upcoming earnings.
These notes were generated by AI and may contain inaccuracies.
Opendoor is described as one of the worst performing stocks of 2026, down 61% from its high of $10 per share to current lows. From January 2026 to present, the stock has declined 50% during one of the most bullish AI rallies, making it one of the worst performing stocks while overall markets have been incredibly bullish. On the day of this recording, Opendoor lost 12% of its value and broke below the psychological support of $4 per share.
The company was a failing business before under new management, which promised substantial improvements to investors. The stock had an "insane run" from 50 cents per share to highs of $10 per share, characterized as a meme-like rally. Despite this price movement, nothing changed fundamentally, and the company remains unprofitable.
The speaker criticizes the "Open Door Army" community for attacking anyone who disagrees with their views on the company. Community members are referred to as "bag holders" who are down 50% on their investment during a period when markets have been bullish. The speaker notes that community members rarely disclose their actual positions when encouraging others to buy.
A tweet circulated where an individual claimed to have a bad experience using Opendoor as a shareholder and announced they were selling their shares. This person stated they "no longer believe in the business model or its execution." The speaker reports that this individual received "verbal attacks" and "threats" for sharing their experience, whether true or not.
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