IPOF $20 price target Chamath Palihapitiya, the one and only spaq king, has so many of these its hard to keep track. I like this will get to $20 in the next 6 months. I intend to be adding on dips around the blue horizontal lines which are weekly levels of interest. The Chamath wave is just starting.
IPOB
Opendoor to Become Publicly-traded via Merger with IPOBOpendoor, a Leading Digital Platform for Residential Real Estate, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia
The transaction values Opendoor at an enterprise value of $4.8 billion, and is expected to provide up to $1.0 billion in cash proceeds, including a fully committed PIPE of $600 million and up to $414 million of cash held in the trust account of Social Capital Hedosophia Holdings Corp. II ("SCH")
Insiders are making a significant commitment of $200 million of the $600 million PIPE. This $200 million commitment includes $100 million from Chamath Palihapitiya, Founder and CEO of SCH, $58 million from Hedosophia, with the remainder invested by existing Opendoor shareholders, Access Industries and Lennar, along with Opendoor management
Top-tier institutional investors anchoring the remaining $400 million of PIPE investments include funds and accounts managed by BlackRock and Healthcare of Ontario Pension Plan (HOOPP)
Opendoor expects to have up to $1.5 billion in cash on its balance sheet to fund operations and support new and existing growth initiatives.
finance.yahoo.com
IPOB very technical patterns formingLooks like it could bounce off those red trend lines for a short term pullback. I expect it will push to the price targets based on the fact they're merging next week as well.
First time charting - any feedback would be appreciated. PT1 - 28, PT2 - 31
IPOB: Weekly restest into major structureIPOB is buyable at this level.
This is a high risk stock so position size should be small enough to accept a possible gap down to as low as $19. Price could get as low as 19.50 and still not invalidate the long set-up, though that would not be an ideal restest! Ideally the restest right here flips the stock back into an uptrend. I am long from 18.50 and added today at 20.90.
I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.
IPOB 2020-11-26 kstrong hollow candle close above ma10 and ma5 in one day. volume high with etf in the bowl. will target 26 in days. both macd and kdj are showing up trend.
$IPOB Extends Breakout with Aggressive Momentum SlopeIPOB is a stock we pointed out as a strong momentum breakout in mid-September.
So far, that extension appears to be underway. Longs don't want to see this close back under sloped support or the axis of the late September consolidation.
$IPOB Launches as World Discovers Discount Real Estate Momo GemIPOB is about Chamath Palihapitiya's Social Capital in the low-cost real estate space. Strong management team with backgrounds at Trulia, TPG, Amazon, AirBnB, Square and Netflix.
Revenue growth has been stellar as it went from $700 mln in 2017 to $1.8 bln in 2018 and $4.7 bln in 2019. It sold 18,799 homes in 2019, 4.4x above its largest competitor. TAM naturally is extremely large with 68% of American homeowners, 5 mln homes sold annually for a TAM of $1.6 trl a year.
Millennials are increasingly a bigger piece of the pie and will be comfortable with this online process.
+$2040 today on 1/1 in $SHLLHi Guys,
Lots of moves all around but I had 1 BE on $IPOB and 1 winner in $SHLL.
Nice and easy,
Enda
