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Has anyone jumped in on OPEN?

Posted on 8/25/25 at 9:42 pm
Posted by bayoubengals88
LA
Member since Sep 2007
23475 posts
Posted on 8/25/25 at 9:42 pm
Huge meme stock that’s been crazy for a couple of months now.
Traded over 700 million shares today.
Eric Jackson says $82 by end of year.
Company makes billions per quarter but is still operating at a loss due to poor housing market and poor prior business plan. This is a bet on a turnaround.
THE Reddit thread on it.

If nothing else, could be a great trade for the disciplined (probably not me).
Posted by Civildawg
Member since May 2012
10125 posts
Posted on 8/25/25 at 9:49 pm to
As soon as I put $1 in that stock it's going to zero
Posted by bayoubengals88
LA
Member since Sep 2007
23475 posts
Posted on 8/25/25 at 9:57 pm to
It could make for some profitable wheeling.
Posted by Billy Blanks
Member since Dec 2021
4961 posts
Posted on 8/25/25 at 10:06 pm to
quote:

Company makes billions per quarter but is still operating at a loss due to poor housing market and poor prior business plan. This is a bet on a turnaround.


Not seeing this market improve dramatically. It's SLOW.

quote:

Huge meme stock that’s been crazy for a couple of months now.
Traded over 700 million shares today.


This is why I could see it going up. These reddit Army trades don't make sense on a traditional basis.
Posted by dstone12
Texan
Member since Jan 2007
38165 posts
Posted on 8/25/25 at 10:33 pm to
quote:

As soon as I put $1 in that stock it's going to zero



Just saw this and spit my water out, laughing.
Posted by saint tiger225
San Diego
Member since Jan 2011
45547 posts
Posted on 8/26/25 at 7:36 am to
I've played it a couple of times. First time I put a decent little chunk of change and rode it up from a little over $2 and got out around $4.50, which was like an hour or so before the rug was pulled the first time.

More recently, I bought back in at a little over $3 with much less money this time. I wanted to sell yesterday but got busy and completely forgot about it and the rug was pulled a second time. I don't remember the exact numbers, but the stock went from being up around 20% or so on the day to finishing down 10% . Luckily, I bought back in at a good enough time to where I'm still up a good amount, but it went from around $6 to $4.50 in a matter of minutes.

Since I don't have that much money in it this time around, I'll probably let it ride for a bit depending on how these next few days go. Whatever you do, if you choose to play this one, be careful. It's a very volatile meme stock.
Posted by Helo
Orlando
Member since Nov 2004
4747 posts
Posted on 8/26/25 at 7:46 am to
Jun 30th it was $.53 and now its at $4.54.

That is all since that Reddit post.

Has the easy money been taken?
Posted by FLObserver
Jacksonville
Member since Nov 2005
15694 posts
Posted on 8/26/25 at 9:36 am to
Yeah . Let me jump in at the high's. Then proceeds to drop 3 bucks .
Posted by bayoubengals88
LA
Member since Sep 2007
23475 posts
Posted on 8/26/25 at 9:43 am to
No worries. I bought puts and cleared the way for you.
Posted by saint tiger225
San Diego
Member since Jan 2011
45547 posts
Posted on 8/27/25 at 8:27 am to
Which puts did you buy, if you don't mind my asking?
Posted by el Gaucho
He/They
Member since Dec 2010
58234 posts
Posted on 8/27/25 at 12:30 pm to
I’m in at like a dollar ish not sure when to sell


ETA: y’all should buy Kohl’s I got that one at 9
This post was edited on 8/27/25 at 12:31 pm
Posted by bayoubengals88
LA
Member since Sep 2007
23475 posts
Posted on 8/27/25 at 1:06 pm to
I think it was a 9/19 $5. I don't remember. It wasn't a big play. Sold for $8 profit yesterday.
Posted by saint tiger225
San Diego
Member since Jan 2011
45547 posts
Posted on 8/28/25 at 3:11 am to
Nice man! Profit is profit and having puts on a meme stock like that takes some big balls.

It went down to $4, but no way in hell could I hold puts on that stock.
This post was edited on 8/28/25 at 3:12 am
Posted by bayoubengals88
LA
Member since Sep 2007
23475 posts
Posted on 8/28/25 at 5:50 am to
Ha, yeah I wasn’t feeling it. Even the the stocks was dropping, the puts weren’t appreciating enough for me to stick with it.
Posted by saint tiger225
San Diego
Member since Jan 2011
45547 posts
Posted on 9/5/25 at 7:25 am to
This thing has had a hell of a run over the last few weeks. Of course, I didn't buy that much this 2nd go round and now I'm regretting that. I'm up almost 100% in about 3 weeks time.
Posted by JLivermore
Wendover
Member since Dec 2015
1676 posts
Posted on 9/5/25 at 8:56 am to
It has taught me how some brokers carry their own share inventory in these very liquid names.
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17212 posts
Posted on 9/5/25 at 10:16 am to
I jumped in at $2.50
Posted by bayoubengals88
LA
Member since Sep 2007
23475 posts
Posted on 9/5/25 at 12:22 pm to
I shorted it again today with limited success. $98 profit
Posted by saint tiger225
San Diego
Member since Jan 2011
45547 posts
Posted on 9/5/25 at 1:07 pm to
shite, shorting it today and you made money is a hell of a trade. Well done, baw!

I can't believe this thing is still running. Up almost another 14% right now.

I also can't believe I only threw $1000 at it this time. frick me man.
Posted by Harry Caray
Denial
Member since Aug 2009
20008 posts
Posted on 9/5/25 at 2:28 pm to
quote:

I also can't believe I only threw $1000 at it this time. frick me man.

I only did it with $400 of play money on the off chance it'd do something. Worth more than $1300 now...
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