Opendoor Technologies Inc. (OPEN): It's A Pump, Not A Dump, Says Jim Cramer

We recently published Jim Cramer Recently Talked About These 10 Stocks. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks Jim Cramer recently discussed.

Opendoor Technologies Inc. (NASDAQ:OPEN) is a technology company that primarily enables home sellers to list their properties online for sale. The shares have gained 43% year-to-date despite having dropped by 29% in July. Opendoor Technologies Inc. (NASDAQ:OPEN)’s shares fell as the firm’s speculative run fueled by Reddit users ran out. Cramer discussed the share price movement in detail:

“Promotion, that’s what people are doing. Is it a dump? No it’s a pump. And the goal is to get it to eight. And if you want to get involved with that, understand, that’s a part of this chit game. This is a parlay. There are a lot of parlays going on. And, this one, look I don’t want to dignify it, but I recognize it. It’s a squeeze. It’s a short squeeze. And people who are shorted, you better cover because they’re gonna overrun you. Do I like this? It doesn’t matter. It’s not a like or dislike, that’s like a silly, though I really dislike this, who. . .cares?”

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Disclosure: None. This article is originally published at Insider Monkey.