Opendoor Technologies Inc (OPEN)

[santafe2]

Being disappointed is more than reasonable. All of us who own OPEN and other small cap tech stocks are disappointed in the current outcome. As I said in the earlier post, I don't think it's fair or reasonable to blame the company. We have been in a risk off environment since November. Money is rotating out of growth stocks and as the larger chart below shows, small cap growth stocks have been hit the hardest.

I'll use an obvious example to make my point. There would have been no reason in March of 2020 to blame the airlines when their stocks dropped an average of 65% over two months. Smaller chart just below.