RealOpenArmy

@CAgovernor just to make sure that your message doesn’t covers parts where rape victims have been charged with zina and faced flogging or stoning, right?

Now more than ever, we stand with Muslim Californians celebrating Eid al-Adha this week. Jen and I send our best wishes for peace, compassion, and joy in the days ahead, along with a safe return for those completing the Hajj pilgrimage. Eid Mubarak!

@Pikithome all it matters is june 26th close!

Interesting close $OPEN. Who TF has 3 million shares and why TF did that person sell

@Davo0820 @ssj2abid it's sure doing that! 🔥

@RealOpenArmy @ssj2abid It’s firing on all cylinders!🔥🔥🔥

$OPEN acquisition numbers are out. 542 this week. 17% lower from last week's 655. Pullback after the second highest week ever tracked. Expected. The pattern has been consistent throughout, spikes followed by consolidation. What matters is the trendline and whether we keep making higher lows. 15-week trend: 537 → 449 → 442 → 390 → 447 → 610 → 545 → 658 → 594 → 458 → 424 → 511 → 582 → 655 → 542 → Higher highs: 537 → 610 → 658 → Higher lows: 390 → 424 → 511 → 542 still above the prior low → 15-week avg: 523/week The accountable dashboard projected trend suggests the pace may consolidate around these levels for a while. The RealScout agent integration is still very early. 100,000+ agents now have access but adoption takes time. Agents need to learn the product, test it with a client or two, see the results, and then build it into their workflow. That doesn't happen overnight. But as adoption builds over the coming weeks and months, that's a volume tailwind that isn't reflected in the numbers yet. The math at the current 523/week average still works (963M shares, $93M quarterly costs): At 6% CM: → 523 × 13 = 6,799 homes/quarter → 6,799 × $400K = $2.7B revenue → $2.7B × 6% = $163M contribution → - $93M company costs → = $70M net income/quarter → $279M annualised ÷ 963M = $0.29 EPS → 30x = $8.70 | 45x = $13.10 At 7% CM: → $2.7B × 7% = $190M contribution → - $93M company costs → = $97M net income/quarter → $388M annualised ÷ 963M = $0.40 EPS → 30x = $12.10 | 45x = $18.10 Net income positive at both margins. At the current average. With agents, mortgage, and Doma still early and building. The stock is ~$4.50. Patience and conviction. nfa, long $OPEN 🏠

@SawyerMerritt bruh! just admit; that's ugly!

The Pope checked out the new Ferrari Luce EV today. In response to public criticism of the car’s design, Ferrari’s CEO said today, “Real innovation is not democratic. Breakthrough ideas rarely emerge from immediate consensus.”

@Davo0820 @ssj2abid the cutoff date is may 23rd. i’d expect to see a bit more of a drop in next week’s numbers too. but honestly, why is it even important when we already know the engine is humming?

@ssj2abid Holiday weekend. End of school. Seems like solid numbers.

similar to last week, i’m not getting too excited about the ups or the downs. it’s already proven to me that the engine is working well. if you want a reference point, just look at the numbers from last year. i’d also expect next week to show a small dip given the slower week, but honestly, i’m not really focused on weekly updates anymore.

@javarichs @nejatian with all the public information available, i think it’s fair to assume the conversion rate has been pretty strong recently (i can prove this at least for one case). totally understand now why they don’t want to share that data publicly.

@RealOpenArmy @nejatian Yes agree many mistaken as this being purchases of homes. "Acquisition contract" is "going into contract to purchase" acquire the home, nothing for the sale/purchase pipeline or conversion of acquisition into purchase. DOM, margin, 120< Who cares we can do our math on closes.

this is a great chart. it’d be even better if we could somehow see weekly (or even monthly) conversion rates in it. @nejatian any chance?

@therealkamba agree. case closed now. there was a fair question, and it got a proper answer.

@nejatian @RealOpenArmy Opendoor's transparency is more than any company I know. "Give them an inch and they'll take a mile", comes to mind.

@Complinsulting bruh!

@nejatian @RealOpenArmy How about your favourite flavour of ice cream ?

@_EmilioRamirez haha

@nejatian @RealOpenArmy In Colorado.. 110%

@Stickstostocks no!

@RealOpenArmy @nejatian Do you want the earnings reports daily too?

@nejatian fair answer. appreciate the transparency and the response.

@nejatian respect that you responded. how is that info considered competitive if it’s just a percentage without revealing opendoor’s internal playbook?

@RealOpenArmy No. No chance. That's definitely competitive info we don't want to leak.

one theory (i have no proof for that): mms push the price down, scoop up shares cheap, then unload them onto passive funds during the june 26 closing cross at a much higher price.

source: yfinance used gemini to whip up a quick script. i’ll be posting this daily through june 25 to help spot any unusual volume/activity. if you wanna run it midday yourself and don’t feel like spending 30 seconds getting ai to generate the code for you (really?!), just message me.

@T7EJY yeah i'm sure that's gonna be tons of fun. not gonna make it :((

@RealOpenArmy Exactly, what a season that was too Get down for the parade on Sunday, it's going to be an unforgettable experience

I’m officially tapped out on $OPEN I’ve built the position I wanted. Any more buying from here would mean taking cash away from real life, family holidays and quality of life etc That’s not worth it for me The position is built, now comes the easy part Sitting on my hands and letting Q3 play out I’ll be posting the family portfolio snapshot weekly from here Not financial advice/Not Fucking about 🤷🏻‍♂️

@T7EJY 100% i wouldn't trade it with anything lol two summers ago, i took the kids to the emrirates for the first time to watch a game. ELECTRIC! they are still talking about how fun it was.

@RealOpenArmy Yeah there's has to be some balance, especially as it would effect loved ones, never know how long we've got those memories I would hope would be worth more than whatever I leave behind for them 🤷🏻‍♂️ Also it was an extra 1,000 shares or Budapest for the final, easy choice 😂🫱🏻‍🫲🏾

@T7EJY and wait! go GUNNERS! 😉

@T7EJY i love the average cost! i love this even more "Any more buying from here would mean taking cash away from real life, family holidays and quality of life etc That’s not worth it for me"