▲ 24 r/DRTS_Stock
#1 Trending on StockTwits
Middle of the night so not too significant, but seems like retail sentiment/interest is picking up.
u/Stephen-Watanabe — 5 hours ago
▲ 99 r/wallstreetbets
how to play the OpenAI IPO
This sub has completely misunderstood why ZOOM Technologies (ZOOM) went up after Zoom Communications (ZM) had their IPO... Regards typed "zoom" into their brokers and bought the first stock that appeared.
If you typed "space" into your broker, you would not see Virgin Galactic.
BUT, if you typed in "open", look what comes up:
The last trade was a meme, without a real mechanism for the price to be inflated by accident. For the OpenAI IPO, the chances of accidently buying the wrong stock are REAL. I would even go as far to say that they are guaranteed.
This also has a near-term catalyst: https://ts2.tech/en/opendoor-shares-jump-as-russell-3000-process-begins/
Inclusion into Russell 3000 means that ETFs will start purchasing to mirror the index. Notably:
iShares Russell 3000 ETF (Ticker: IWV) - 18.91B AUM
Vanguard Russell 3000 ETF (Ticker: VTHR) - 5.78B AUM
TL;DR - OpenDoor (OPEN) is the best and safest way to the play the OpenAI IPO. Get in before it's too late, options are still CHEAP.
POS:
u/Stephen-Watanabe — 1 month ago