Opendoor Investor Who Ignited 500% Rally Gives You His '100-Bagger' Playbook

Core Viewpoint - Opendoor Technologies, Inc. has experienced significant stock volatility, with a recent rally attributed to retail investor momentum and strategic insights from hedge fund manager Eric Jackson [1][2]. Company Insights - Eric Jackson highlighted Opendoor's unique position as the last major iBuyer in the U.S. following the exit of competitors like Zillow and Redfin from the home-flipping market, suggesting that this gives Opendoor a competitive edge to capture market share when real estate conditions improve [3]. - Jackson projects that if Opendoor can achieve steady profitability, the stock could be valued at $82, representing a potential increase of approximately 100 times from its previous trading levels below $1 [4]. Investment Strategy - Jackson's trading strategy involves purchasing shares at low price levels and advises retail investors to establish core positions and hold for the long term, emphasizing the importance of patience and avoiding overtrading [5]. - He encourages investors to seek unique opportunities and trust in research, particularly in asymmetric opportunities like Opendoor [6]. Market Performance - As of the latest data, Opendoor's stock price increased by 2.96%, reaching $3.30 [6]. - The stock has seen a remarkable increase of 500% over the past month, indicating strong retail investor interest and market momentum [4].