Reddit Posts
OPAD looks to be set up nicely, please give me opinions
$OPAD - NEW HIGHEST SHORT ON S3 - 94% - ZERO SHARES TO BORROW - INSIDERS CONTROL THE FLOAT! SEEMS LIKE A NO-BRAINER.
$RUM cos we like RUM and bitches in the winter
$RUM cos we like rum and bitches in the winter
Let's FAZE it, we apes can recover BBBY loss and make more tomorrow!
Let's FAZE it, it will explode on MOPEX week!
Opinions on OPAD squeeze. Insiders purchased huge quantity of shares.
Why $LIDR $OPAD $SPIR $XELA $RELI $RDBX $ANGH will move with DD
A slew of old dog Short Squeeze veterans just came back online! Squeeze 2.0 or EOY Pump & Dump?
ARVL is gonna bring home the bacon. Love OPAD too it will get averaged down a little. But he we goes ladies n gents big ones placed join in.
Why is the P/C Ratio for OPAD over 6,000? Can you explain how that works?
$OPAD & $OPEN - Ibuyers Ready to roll higher after NOV.30? - Higher Mortgage Limits Will Push the Home Prices Even Higher and Infrastructure Bill Will Make New Homes Even More Expensive
OPAD, BGFV >>> PROG. Why? OPAD smashed earnings, is beat down badly from the previous pump and dump. BGFV might crash again on Friday, creating one last buying opportunity.
OPAD.... HOLY 🐄!!! What a large earnings beat!!!
OPAD and OPEN crushed earnings, WTF was Z doing?
OPAD and OPEN crushed earnings, WTF was Z doing?
Zillow killed iBuying? $OPEN this DD up and take notes on your $OPAD (I'm so sorry)
Who’s ready for Q3 earnings $OPAD? Averaged down today on some calls
$GWH 4.2 Million Float with 2.1 Million Shares shorted ~51% SI
$OPAD - a sentiment play to IRNT moving
$OPAD - sentiment play to IRNT moving today
OPAD (OfferPad) Trading less than 1X the Revenue and has over 10 Baggers potential, Q3 Guidance 520M R, 100% YY, (Dip alert)
OPAD (OfferPad) Trading less than 1X the Revenue and has over 10 Baggers potential, Q3 Guidance 520M R, 100% YY, (Dip alert) See 3 Pics
YOLO $130k on $OPAD Is it me or is $OPAD the most underrated real estate stock out there? Half the revenue of $OPEN yet 1/5 the cost
Mentions
Seriously. Picking out those high redemption, low floaters. BKKT, OPAD, IRNT, GETY, etc etc. Makes me sad to think about. 🥲
its really sad that a float of 1M shares cannot get a sympathy pump. on the bright side we have gotten down 50% since reverse split, in some cases this is the turnaround (LOCL, ML, ATIP, OPAD) etc.
I’m going all in on OPAD shares. My mother in law has been working 70 hours a week over there due to their influx in recent volume. Earnings tomorrow AH. That’s my DD
I bought my house from OfferPad and can attest that $OPEN and $OPAD will likely go bankrupt. These companies are institutional house flippers, meaning they are professionals at finding houses with issues, masking those issues, not disclosing what they should, and selling. They’re trying to build a brand while acting transactionally and that will catch up with them. I won’t deal with them again.
OPAD here we go, up 11%, feeling squeezy https://preview.redd.it/7mc0q4rtiu4b1.png?width=1798&format=png&auto=webp&v=enabled&s=ca2db280c29b069a8f1d23782200d1f2e1d133a9
watch OPAD as a potential short squeeze. At Interactive brokers there are no shares available to borrow, utilization at 100%, Borrow fee 59%. Short interest 17% of float ​ ​ https://preview.redd.it/4vfe5viegu4b1.png?width=2414&format=png&auto=webp&v=enabled&s=9cd21ddc8a9db1144eda8563ddad623fa87562a6
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Isn’t $OPAD the most shorted stock?
It is important to note that the huge increase in short interest % is due to a decrease in the supposed free-float rather than an increase in raw short interest numbers. Lets look deeper at this: Insiders and institutional investors recently filed [beneficial ownership](https://www.sec.gov/Archives/edgar/data/1770593/000119380523000487/e618452_sc13da-offerpad.htm) reports for about 160,742,959 shares underlying the pre-funded warrants purchased in a [January 31 private placement](https://www.sec.gov/Archives/edgar/data/1825024/000119312523021670/d450831d8k.htm). These warrants will convert into new Class A OPAD shares and shares outstanding will increase as a result. Once all the warrants are exercised, shares outstanding will increase from the 232,571,810 shares outstanding reported on February 21 to around 393 million. This is actually stated on the beneficial ownership reports which states for the percentage ownership calculation: *(1) Based on (i) 232,571,810 shares of Common Stock outstanding as of February 21, 2023, reported in the Issuer’s Annual Report on Form 10-K for the year ended December 31, 2022, plus (ii) 44,195,302 shares of Common Stock issued upon exercise by Roberto Sella of 44,195,302 Pre-Funded Warrants sold by the Issuer on January 31, 2023, plus (iii) 116,547,657 shares of Common Stock issuable upon exercise of 116,547,657 Pre-Funded Warrants sold by the Issuer on January 31, 2023.* S3 seems to be considering these beneficial ownership reports to be open market purchases by insiders and institutions and subtracting these shares from the free float. Essentially they think insiders have removed all these shares from the freely traded float rather than purchasing pre-funded warrants that will convert into newly issued shares (i.e. won't effect the existing free float). The short interest % number is clearly wrong. Buyer beware on this one.
Is OPAD the next squeeze we all need?!?! https://preview.redd.it/8cjxn0aia5ra1.jpeg?width=1290&format=pjpg&auto=webp&v=enabled&s=373bd61648dec110c78a79892ed31487a2df98a5 Share price is super low @ around .50 and short interest ratio is high at 16!!!
Had the same thing happen with $OPAD a few months ago. Averaged down when it was 50 cents and finally got out even when it pumped to $1.20 for whatever reason. Dodged a bullet there.
$OPAD did NOT hold that after hours gain last night. The gain puzzled me anyway. Earnings were bad and I figured today would reflect that.
Ouch. $OPAD earnings are a swing and a miss: [https://investor.offerpad.com/news-releases/news-details/2023/Offerpad-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx](https://investor.offerpad.com/news-releases/news-details/2023/Offerpad-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx) ​ TL;DR version is that they are continuing to lose money at a higher rate and the market (obviously) is slowing down. This quarter (Q1 2023) they are estimating up to -$55m in EBITDA. The entirety of 2022 had -$100m so they are expecting losses to accelerate 4-fold this year even after selling off all the junk inventory they had from the market peak. Not looking good for them. Wouldn't be surprised if they become a going concern...
T-minus TWO hours until $OPAD earnings!
Wow I actually caught that multi-month top at $1.15 for $OPAD. Thank god I sold...
This is me with $OPAD. I bought it during its meme squeeze at the absolute top after hours @ 18.50. -95% now, but I keep it there just to see how low it can go and to remind myself that I am absolutely without a doubt regarded.
OPAD with some news that’s nice! Finally above my cost average!
Holy ass $OPAD really is holding the line lol. Best performing SPAC today?
Damn, $OPAD is a beacon of light in this sea of red.
DCA is usually a good idea. Even though I'm down 50% on $OPAD and $MAPS I averaged down all the way as I felt comfortable and the rallies have helped close the gap.
I know I'm always on here talking about $OPAD but it really is a solid investment at this level.
$OPAD joining in on the small cap fun!
I did that with OPAD at $1. Not adding till later 2023 assuming it still exists lmao
>OPAD stocks under 0.5 barely go over 1 long term.
$OPAD is a damn STEAL right now. They don't even lose that much cash and WERE profitable for multiple quarters this year. Just going through a tough time at the moment.
Real estate SPACs OPEN $1.41 and OPAD $.65 Las Vegas sales down 165%. I always watch Las Vegas, Mesa/Chandler, and Fort Myers. The grimiest of the grim in 2008. To be clear this property crisis is nothing like the subprime; nonetheless, we can easily glean insights into the most volatile markets in the country with crappy overpriced middle to lower middle class homes. OPAD at .65 is headquartered in Chandler Ariz. interesting to observe. Cost of collateral to cash is so serious that none of them will make it.
I think $OPAD is the next one to pull a $SNAX once housing recovers. Of course that's over multiple years but they are in a position to dominate since OpenDoor and Zillow got slammed as hard as they did. Hell even Red Fin did.
How's OPAD? And all your other despac longs? lmaoooo
I was buying INTC, VALE, WBA, AMAT, SCCO, and even OPAD (@ .68), the last month. IMO this is a bounce to crush all the 11/18 puts out there. I am selling others, growth and dividends are being held. I think there is a major drop after next Friday. CPI appears to be slightly fudged, FED will continue at same rate. Diagonal spreads and covered calls are printing, dividends take the pain off of volatility. I am probably regarded, but have been beating the market with my wet brain.
$OPAD on a tear the past two weeks. I mean... still under a dollar from a high of $15 or whatever but a short term tear nonetheless!
Are you confusing them with me, the $OPAD bull?
$OPAD earnings not amazing. Could be worse I guess.
One of the weirdest shit ever happened today. $OPAD gave quite a bit of size at roughly 12 cents. I don't know how I didn't see this opportunity as I see the tape I would have had 13 seconds to react. I don't know, maybe I wasn't on the PC at that time :(((( or else i could have made easy risk free maybe 7000 dollars.
Oh yes! OPAD… that is very very baggy!
May I join you? Bought into $OPAD multiple times throughout the year and collectively down about 60%. :( Still holding too.
Sigh.... $OPAD going the $SNAX route. This will either be the best buying point ever or another OTC stock in a years time.
Don’t forget OPAD, OPEN, and RDFN.
$OPAD has been murdered. I feel ashamed.
OPAD at 92 cents a share looks kinda tempting…
OPAD turns over inventory quite fast. I believe their time from acquisition to sale is less than 100 days and only 2% of inventory is aged over 180 days (although I'd expect that to increase in a prolonged real estate bear market). Despite the high inventory turn over OPAD still had $1.3B of home inventory on the books at the end of Q2 and around 200M in cash. They had debt of around 1.13B which is collateralized against their house inventory. In their own words: *"Our business model requires significant capital to purchase inventory homes. Inventory financing is a key enabler to our growth and we rely on our non-recourse asset-backed financing facilities, which consist of senior and mezzanine secured credit facilities to finance our home purchases."* If the housing market crashes OPAD's growth would be heavily curtailed as they would not be able to borrow additional money against inventory to acquire new houses. In a severe crash (20% or more) total debt would exceed the inventory it is collateralized against which would be an extremely dangerous situation to be in.
I've seen a few people asking if iBuyers OPEN and OPAD are good buys at current levels. I thought I'd add a bearish perspective. [According to this article](https://www.mikedp.com/articles/2022/9/19/opendoor-selling-its-homes-for-a-loss), Opendoor is now, on average, losing money on each home they sell for the first time in the companies history. Recall that when this happened to Zillow, they exited the iBuying market completely. Based on a 5% buy-to-sale premium in July, 0% in August, and -2% in September I calculate gross margins for OPEN of just 2% in Q3 (weighting July slightly higher since it would be a higher volume month). This would translate into a *negative* *1-2%* contribution margin after interest and direct selling costs compared to +9.3% in the previous quarter and +7% in Q3 2021. IMO Q3 earnings could be a train-wreck - they are likely to have zero YoY growth (they are guiding to $2.2B - $2.6B revenue vs $2.3B last Q3) and take huge losses both due to inventory write downs and negative margins on the homes they do sell. OPAD is probably in a similar boat - they have less corporate overhead than OPEN but operate at similar gross margins. IMO there's still a lot of pain to come for both OPEN and OPAD as interest rates continue to rise (both companies have a large amount of variable rate debt) and house prices fall further. Historically [more than half of these companies gross margins](https://www.mikedp.com/articles/2021/9/7/ibuyer-profits-at-risk-with-falling-home-price-appreciation) have been contributed by house price appreciation and even with unsustainably high 15-20% YoY house price increases they have barely been profitable. This is simply not a good business model. What happens when house prices appreciation drops from 20% YoY to the long term average of 6%? What happens if there is a housing crash like 2008? Both companies are highly leveraged and a 25% drop in house prices would see debt exceed the value of house inventories + cash on hand which would open them up to a capital crunch and curtail future growth prospects (they need to be able to borrow against the value of their home inventory in order to grow). High leverage plus thin margins is a recipe for disaster if the market crashes.
Anyone else still think OPAD is a decent company? I bought 100 shares at 1.35 and I’m trying to decide how fast to scale in now that it’s down another 30%
I’m trying to pick solid companies that I think will exist 2-3 years from now or are solid buyout candidates. Small caps are getting annihilated. I stopped buying warrants and I’m sticking with shares for Snax and OPAD which I recently started positions in. I’m starting with literally 100 share buys to sate my desire to get back into more plays(1/3 of account cash after selling DMS warrants). Starting with 1-2% of position size just leaves a lot of room to average down in times such as these. Companies that are bigger I’ve got CSP to buy shares (DNA) which doesn’t require much capital to sit on and it helps bake in price drops when my starting price is $2 + the premium I’m collecting.
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Lmao. Bruh, I was right in the middle of IRNT, SPRT, OPAD, BKKT, FATH, BRCC, and many more. And we got you over here like ohhh I’s shorted CLOV buzzfeed hurrrrr durrrrr. Lmao. Gtfo of here. We are not the same.
Mark my words... $OPAD is gonna get bought out.
Anyone likes some despacs in the 1-3$ range? Liking in no particular order TBLA(profitable and trading at 1/3 of 2022 revenue) LOCL KORE OPAD ISPO APPH
OPAD invest it’s cheap stock , I live in Canada I can’t but when u get rich u owe me a tip
Both OPAD and OPEN are showing relative strength during this last downward move in the broader market. Hopefully means something positive.
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$OPAD - Slowly working up to be at Opendoor levels. $MAPS - Legalization "pick and shovel". $HIMS - Expanding medical services and supplements. $IONQ - Gamble on some life-changing technology. $STEM - One of the best in the energy transition industry.
Hey buddy how’s that bet on OPAD paying out 🤣🤣
This same chart was posted for IRNT, OPAD, SDC, WISH, CLOV, GME, and some other shitters.
My financial advisor is *literally* the front page of WSB. I've actually made money here, too. You just gotta stay vigilant about whether whatever shitty ticker some retards are pumping has already pumped or not and how many people are posting about it... Almost every ticker paraded around here since GME has pumped before dumping, and there's definitely money to be made. I managed to make money on CLOV, AMC, BBBY, dip in and out of CLF and UWMC for like $20 in losses, and am currently bagholding OPAD at a 90% loss as a constant reminder. Thank god I avoided WISH lol. Also currently holding some light GME bags, 208 @ ~$45. I'll post proof if anyone gives a fuck but I'm poor so it's not that interesting.
lol i knew you were going to say OPAD ​ their revenue figures are really misleading.. gross profit is really their revenue ​ any other ones?
One particular one to mention is $OPAD, which I have been trying to tell people about since who knows how long. Over $1.1 billion in revenue last QUARTER. They are the real deal. I have a buddy working with them and as an Arizona native let me tell you, they are well known.
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OPAD is sneaking a squeeze rn
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The housing market is cooling so fast it’s caught OPEN, OPAD, and RDFN off-guard, they now expect to sell much of their current inventory at a loss. https://www.businessinsider.com/rapidly-cooling-housing-market-caught-biggest-buyers-off-guard-2022-8
Some interesting takeaways from OPAD earnings with respect to the recent cooling in the real estate market. * OPAD has recorded a quarterly inventory impairment charge of between $63,000 to $1.8 million over the last three years. For Q2 this year, the impairment charge was **$21 million.** Denver, Austin, and Phoenix were mentioned in the earnings call as three markets hit hard by market conditions. * OPAD guiding to 1,700 to 2,200 houses sold in Q3 compared to 2,888 sold in Q2 - while Q3 tends to be a weaker quarter than Q2 for home sales, this is a very steep drop and would only be slightly higher than the 1,673 homes sold in Q3 2021 (for reference Q2 homes sold were up 129% YoY). * OPAD guiding to negative adj. EBITDA of $20M to $40M after four consecutive quarters of positive adj. EBITDA reflecting increased pressure on margins. Opendoor earnings tomorrow - will be interesting to see where they go with Q3 guidance. Overall I am very bearish on iBuyers - they are highly leveraged and vulnerable to a sharp drop in real estate prices & most have only just managed to hit breakeven on an adj. EBITDA basis and that's during a period of rampant price growth of 15-20% YoY vs the long term average of around 6%.
$OPAD earnings not terrible. I'll keep holding.
This is GME gamblers anonymous? Right... uh, hi everyone, my name is LaughAdventureGame and, well this is my story: I started tracking DFV back in December 2020, right after I had actively started my investing journey. I figured, there is no way that GME could pop more than it had at that point, the company was old and dying. January comes and I start doing my research, was surprised by what I saw, the fundamentals were still solid and the market cap was pitiful. I put in like 5k. That 5k explodes, so I literally sell everything and go all in on GME. We're talking entire portfolio liquidation. I held back my savings account, but all my play money was in. GME proceeds to skyrocket and boy did I feel like a god in those few days. The last two weeks of January I spent day trading GME. It was so easy because i knew it would always go up, so every drop was a buying opportunity and every fast peak was an easy sell. I traded almost 10m worth of shares in those weeks. I was bragging about making more each day than I was in a year. And then, the fire nation attacked. Completely destroyed my portfolio. GME had never gone down so my ignorance in day trading exacerbated my failure. Pulled out around break even but the damage to my psyche was done. I fell into options and that was the true end. It was the only way I could experience GME gains without GME around anymore. I would option yolo on everything, I didn't care about anything but reaching that unreachable high. That pure euphoric bliss of being rich. I stopped trading for a while after the OPAD phase in September of 21. I spent a few months figuring out why I sucked at every trade. I felt worthless and moronic, but I'm a relatively successful and smart guy, so how could both sides be true? I set out to prove to myself that I could do this. I created a strategy, back tested and saw it was actually pretty solid. Fine tuned it with a paper account and holy shit it was fucking brilliant. It took me six months of watching this rule based, bitch ass, paper trading account beat my ass day in and day out for me to finally give up and follow it. I recently went live, on my birthday in June, so poetic. I don't see the GME returns, or the yolo options that pop overnight by 1700%, and I never will again. I accept that. But I'm winning now..... I'm finally fucking winning.
How’s that OPAD been doing last 3 months smarty pants?
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Any plays on OPEN or OPAD?
I could only aspire to be this retarded - and this is coming from a moron who actually made a retard's pittance on $CLOV after I first started "investing" based on WSB "DD". Don't ask me about $OPAD or $HMHC though... Tax write-offs under >$3K mean the yolo'd money is free, right?
1X revenue OPAD, 1X EBIDA ZIM…Etc
IRNT & OPAD were despac gamma squeezes. I played them both. I also played this one from yesterday into this AM's pop. And got out with profits. I think Comera pausing, stalling is a strong possibility & this thing could get sucked down to nothing (especially if there are tons of forced margin calls from today). Good Luck.
I have January 2024 PUTS: RKT, RDFN, AGNC, OPAD, WFC and SOFI.
I hope so!!!!!!!!! I have January 2024 PUTS on: AGNC, RKT, WFC, OPAD, SOFI, CX, HBAN Already been printing some and buying back in with the profits so it's all profit going down.
OPAD and OPEN post Q1 revenue higher than their all market Cap
Based on the share price of just about every company in the market, I'd say everyone has concerns about just about every company right now. What you mightwant to take notice of is that OPAD and OPEN are showing signs of being at a bottom while the rest of the market continues to sell. However, disregarding all that, because the company is not the stock, if Opendoor were mispricing their houses on any sort of significant scale, it would show up in their earnings and times from purchase to sale. Their times from purchase to sale are <90 days and their earnings have been great; they just posted their first profitable quarter. They've been improving on nearly every metric each quarter and consistently outperforming guidance and analyst expectations. If you have concerns and are interested, do some research and see if your concerns are justified at scale. Not interested? Then why comment on your concerns and give other people concerns that are potentially unsubstantiated by evidence?
I think you are totally correct for the bulls lol. But then there's me with my January 2024 puts: RKT, WFC, AGNC, SOFI, CX HBAN, OPAD and I am enjoying the green.
$OPAD seems like a great idea, but i’m 90% it’s a fraud company
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This whole setup is a design defect in the system that was never fixed. The optionability and much of the short interest carried over from SST’s time as a SPAC before the de-SPAC process merged it with the private company. On the old SPAC ticker there was a much larger float of 20M+, but the high level of cash redemptions on the SPAC shares reduced the float all the way down to 700k. Meanwhile the optionability was never removed to accommodate for the lower float. Very high redemptions of SPAC shares was not a scenario that was anticipated and planned for. One would have thought there would have been a fix after IRNT, OPAD, SPIR, etc. last fall, but apparently there wasn’t and here we get to exploit the same setup as IRNT with even more favorable conditions.
SST setup is still present. The most-similar play to it was IRNT last September followed by some other high-redemption de-SPACs in October (OPAD, SPIR, etc.). ISPO also had a similar setup earlier this year and squeezed hard before returning back to normal levels. There really isn’t another play like this lined up as well as SST at the moment. You will have to wait on other de-SPACs and redemption numbers for another one of these.
publicly traded company, $OPAD cashing in on real estate boom i stumbled on something and want to know how the process works, like if its a fully remote process, limited human contact and intervention, etc. they might be getting scammed
Poster is indicating there are no shares available to short at interactive brokers which is true at the moment. This is a high-redemption De-SPAC. These can be great short-term plays (see IRNT, OPAD, SPIR, etc. last Fall). What happens is that the SPAC trades prior to the merger and accumulates some percentage of shorts. Once the SPAC merges, the SPAC investors have the opportunity to redeem their shares for cash instead of holding shares in the merged company. Only the shares not redeemed in the SPAC transfer over to become the float of the merger company until an S-1 is filed and the rest of the shares (PIPEs, insiders, etc.) unlock. In the meantime the shorts on the SPAC shares also transfer over and become short the shares of the merged company. When a high redemption occurs, then instead of say for example having a 50M float if the entire SPAC transferred, you may get 90% of the shares redeemed which would leave a 5M in the meantime if 5M shares were sold short in the SPAC, then there would be 100% short interest in the merged company until the S-1 unlocks all the additional shares. On SST there were over 1M shares sold short of the SPAC, but the redemptions were so high (probably because the market sucked so hard at the time) that the float that transferred over was only about 700k. Locked shares cannot be lended out because they cannot be freely traded so the float alone is about 700k, but probably a bit higher if you include synthetic shares. In the meantime the MMs set up weekly options on the stock thinking that it’s SPAC merger would go as planned with a decent redemption. If you look at the options chain for next week there is 3-4x the float already in-the-money. This is the basic structure for why these de-SPACs squeeze so hard. There isn’t any ammo to legally short, the MMs have to choose between hedging or getting smoked on call options, and the float is so small that it’s easy to multiply the stock price several times over with minimal funds/buying pressure. If the stock multiplies enough times, then the smaller shorts will get margin called and will have to buy which forces the price up even more. Altogether these are great plays, but the party usually ends as soon as more shares unlock. I’m in SST, but won’t be hanging in any longer than 3 weeks.
It’s a de-SPAC like OPAD, SPIR, etc. we’re a few months ago. Problem is that those plays generally die after the S1 is filed and this ticker’s S1 was filed Friday.
🟢 Oceanpad 🌊#OPAD ✅ Decentralized launchpad(BSC/ETH) ✅ Liquidity locking services ✅ Token creation services ✅ Vetting & KYC services ✅ Smart contract audits ✅ Token locking and vesting services ✅ Data analytics services TG: T.me/oceanpad @Oceanpad_
Interesting how everyone is now so skeptical of every play after the bloodbath after February 2021 - but since then most money has been made on pump plays like IRNT, OPAD, BTTX, FRGE, ALLG etc. - it's good to find those and trade properly because goal is to make money. If you think about it CCIV or HCAC or any other name was a "pump and dump" as well because they rocketed and dumped during the SPAC mania
Seems like melt up continue at least until next Fed meeting, specially if Russia Ukraine tension will come down, but it’s not time to go all in and need to be very selective, I loaded OPAD today before earning tomorrow, trading 1X revenue and guidance on last earnings report was crazy, also loaded 2 oversold stocks that analysts bullish on with 200% upside predictions GLBE and FTCH , happy to share goodie’s idea
P/E Ratio TSLA: 206 NVDA: 71 AMZN: 50 AMD: 46 MSFT: 32 AAPL: 30 FB: 16 —————————— ZIM: 2 FTCH: 2 OPAD: 1