James THE Chartist

$OPEN Going down to zero? They raised about $650M in zero-coupon convertible notes in August… netting roughly $440M after buying back $158M of stock. Ok… Then they turned around and lost $218M in Q3 alone. Most of the cash burn is from ramping inventory hard, they’re buying way more homes than they’re selling right now… inventory is up to $2.6B. They still have around $910M in cash, but equity is only about $590M against a big pile of inventory-backed debt. So what the stock should be? They’ve been losing money for years and management admits they’re behind on the “profitable by year-end” goal. At $1.40 the stock is already pricing in a clean turnaround. If that doesn’t happen, this can easily go a lot lower, practically close to nothing. Are they going to take this junk private?

$spy spy Turned neutral from bearish whole morning at 13:10pm coinciding with resistance $756.5 ema 50 on 15 m chart So i belive breakout of that wma50 line will make all gamma readings positive and bullish So power hour may run big

$open if i keep silent i would mislead young innocent investors. My data may be 1-2mos ago. Kaz already used up $1.65B he got frm diluting to $0.9B or less 1-2 mos ago, now quick ratio d be <1 If you r still bullish Be ready for what u desired for $0.5 Dont mislead

$open @BertrandPirel No misleading pls these tutes bought n short it for hedging the same time So does capped call banker/ notesholders U should ask rough questn: $158m paid to whom to retire those shares? Was Kaz incld in offering the shares n got $ frm you the sharholder?

$OPEN @WLCMensSoccer ppl expected him to beat $1.5B no needs for a turnaround story but beat Carrie's $1.5B revs with less losses than Carrie's Simple Who in their right minds cares kaz beats his own low revs numbers?

$OPEN a @$1.45+- the 1st gap s considered to be filled so in days/wks, tech rebound possible But w/ $0.8+-gap caused by Jackson still unfilled It will go down another 50% frm here Since kaz did worse, recklessly giving shares out, $96m this Qtr $0.2-$0.5 expected nxt yr

$INTC $52 gap filled Time to buy nears $open Hard dumping s coming to fill gap $1.45 then $0.8 No WT conversion/extension he s brutal to his fan base Confessed he Cant beat Carrie's $1.5B in nxt 4 Qtrs Only 40% over his own low revs $0.7B: that's $1B What a pathetic $B destroyer

The fact that $OPEN is not tanking after hours probably is indicative of the bottom being in at or around current levels (+/- 5-10%). I am somewhat bothered that there is no contribution margin guide as that has been such a critical measurement for the team over the last 12 months. The 12-month go forward Adjusted Net Income is now the financial metric firmly front and center. All that said...I remain LONG. I believe in @nejatian and I believe he will succeed in this turnaround.

$OPEN @Twitblogr Dont worry you will feel better days weeks months later And if you like it buy in a day of a skyhigh vol This is when noteholders, capped call Bankers and tutes who bought the shares but sell short the same amt cover This is when the rate drops to 2% or 1%

$CIFR no way goes to $6, but $1-$3 look at the m chart its nascent downtrend signals it will last a fe2 mos to find its footing Too msny bulls for this huge $ losing co they keep dilutitng shares to survive. If 50% cut to $4 its mcap/revs is still 10:1 expensive @BP_Investments_

$IREN chart reading. When to buy this Wall St darling? $20+- in next few months

$intc Youd wonder aftr a 29% cut to fill gap@$65 Why it goes $60? Reason gap@$53 not filled Same stuburness as $open It ll get 2gaps $0.8, $1.4 filled by EoD Kaz s capable of talking but slow in bettering ex-ceo's $1.5B revs/Q Tax selling in Dec drives <$0.8 Feb, buyback kicks in

I’ve been vocal about $OPEN since August. The stock has fallen from roughly $4 to $1.91 today. I’ve averaged down along the way, but this has certainly been no fun. The chart is downright ugly. Down 15 of the last 17 weeks. RSI at record lows. The shorts have been winning. No question. But I’ve run a turnaround, and this is what the middle to late stages can look like. Revenue shrinks intentionally while you fix the unit economics. Q2 adjusted EBITDA was nearly breakeven at negative $4M. Acquisition contracts are now up roughly 100% YoY, while resale closings are up more than 40%. Ask yourself this: without the extreme interest rate environment of the past six months, would this picture look different? The stock is priced like the business is breaking, but the operating data screams it’s rebuilding. @nejatian’s November 5 update should tell us a lot. My expectations for the quarter itself are low. My expectations for what Kaz says about where this is going are much higher.

$OPEN is not a business. It is a science experiment with a ticker symbol. About $23 billion of market value at the peak. Under $2 billion today. The difference was funded by public shareholders, most of them retail. Every quarter the profitability finish line moves further away and the public gets asked to pay for another lap. Experiments belong in private hands, where the people funding them can afford to lose the money. Take it private.

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