Open Door Trade Call: Limit Orders and Price Target

about 1 month ago

"I YOLO'd, as I said here on the pod, a Cranberry 25K into Open Door. I put in some limit orders at $6, $7, $8, or $9, betting that the stock would rebound to $10. Sure enough, it broke down yesterday, filling all my limit orders and leaving me with 2,000 free shares."

The speaker executed an actionable trade in Open Door by using a $25K position to cover his base with limit orders at incremental price levels between $6 and $9. His plan was to capture additional upside if the stock reached $10, and his orders were filled, effectively giving him 2,000 bonus shares. This presents an immediate short-term bullish opportunity for public market investors.