The OpenDoor share will jump by another 10%, since retail will grant a potential 100 -time rally in the 100 -fold rally in the next few years.

The OPENDOOR Technologies (Open) share has exploded higher in the past few weeks and has increased by another 10.8% on Thursday to achieve its one -month profits to almost 200%. The enthusiasm for retail and a thesis by the investor Eric Jackson have driven an increase in long -term housing game.

Opendoor, the leading provider of Ibuyer Real Estate Technology, went to the stock exchange in December 2020. The share reached an all -time high of USD 39.24 on February 11, 2021. Within two years, the shares were less than $ 1.

Jackson, the president and founder of technically oriented Long/Short Investing Hedge Fund Emj Capital, who also called for a turn in Carvana (CVNA) early on, published a thread on X on July 14, in which he implemented his OpenDoor thesis. The stock has doubled approximately since these comments and closed on Thursday at 1.65 USD.

Read more about Optoors stock movements and today's market action.

“I think it only shows how much the stock was rated incorrectly, I don't know, year and a little bit,” Jackson said on Thursday to Yahoo Finance. “The evaluation was so going that this thing could move a lot if people started to change their opinions, not just twice or thinled.”

And retail dealers seem to have stacked themselves since Jackson made his views public.

In the last 24 hours, at least a dozen contributions cited bullish options on OpenDoor on the R/Wallstreetbets Reddit page have been published, a hub for speculative derivatives that have received more than 2,000 comments.

Part of Jackson's thesis is that the company is not exposed to real competition because Zillow and Redfin have left the Ibuyer game.

The Ibuyer technology uses algorithms to help companies buy houses from owners against cash, carry out slight repairs and then turn them back onto the open market, hopefully to sell again at a profit. The strategy once had a buy-in from some of the biggest names of the real estate industry, but real estate giants Zillow (z) and Redfin announced in 2021 and 2022 that they came out of the Ibuyer area and returned to their nuclear offers.

For Jackson, this opendoor is similar to a bet on coin base (coin) before the collapse of FTX.

Read more: Is it a good time to buy a house?