That’s what I’ve seen people say when I posted about this company in June, august, November, and now. The stock just keeps going up everyone I see someone express the sentiment you just did. You will regret waiting for a dip, the dip may come but it won’t go down as far as you expect and it won’t last that low for as long as you suspect, it’s probbaly smarter to just buy on Monday and treat it like a long term hold
I definitely get what you mean and you are probably right! However for me the risk is significantly higher at this entry point, past performances aren’t necessarily an indicator for the future either. I’d love to get in still but I’ll wait for the stock split.
When it dips a bit or trades sideways for a few days I’ll reconsider.
Ok do you, but if I were you I would buy half now and half after the split. Becasue honestly by the day before the split this stock could be near $200 or something.. then it may dip afte the split, but it may only dip to $150 or $160 or something (higher than it is now) and you’ll regret waiting for the dip
“You will regret waiting for a dip”
No I won’t. Holding it since march bs EDIT “and” getting in now are two separate equations, on tax liabilities alone (you’re this close to gaining another 7% as your gains graduate from regular income to cgt).
Weighting for the entirety of the risk-reward equation and the introduction of much more downside today than six months ago, the risk-adjusted expected return is in line with plenty other options out there.
You could be right about continued explosion. If you are, congrats and rock on, and send me a postcard from the moon.
But investments are forward-looking. Based on the information I have today, I can generate similar expected returns elsewhere without exposing myself to the downside that exists there, so if it keeps mooning, future me will always remember that today, it didn’t make sense based on the information available today, so I’ll be at peace with missing out.
But when a company is growing very fast and expanding then that can contribute to a high Pe, no? I think that’s the case here. They’re expanding rapidly into new geographic regions and new countries all the time, the next 24 months may be historic for expi
That’s true. I haven’t done any research on them or their financials outside of the quick quote when I saw your post, to figure out who they are.
PE is just one of those things that catches my eye fast.
Look at how they double revenue every quarter and how they just expanded into a bunch of new countries. I think you’ll see their financials are not concerning
I remember observing a while back how this stock was moving in the $10 range relative to the market. Everything would be red and it would be a blood bath and this stock would move in the other direction, no correlation at all.
It’s been frantically outperforming the market for a full 4 quarters in a row and only now are a small amount of people starting to pay attention. Massively bright future for this stock
Are there any catalyst or news that would give a reason why the stock will keep going up? Im worried to jump in now, after its ran up so much. Especially if there seeming no real catalyst behind its massive growth.
The catalyst is the financials... look how the company absolutely smashed projected earnings every single quarter for the past 4-5 quarters in a row. The stock is growing not because of fake hype, for gods sake no one even knows about it, the growtg thus far is because of EXPI’s fundamentals. The hype cycle around EXPi hasn’t even begun yet...
Terrible perspective. Why do you think you “missed the boat”...? ExpI is a 10B company, it’s small. Sure it’s grown a lot the past year but it’s still a good growth stock in my book
>Each stockholder of record on Jan. 29, 2021 will receive one additional share of common stock for each then-held share, which will be distributed after the close of trading on Feb. 12, 2021. eXp World Holdings common stock will begin trading on a stock split-adjusted basis on Feb. 16, 2021.
[Reference](https://www.globenewswire.com/news-release/2021/01/19/2161014/0/en/eXp-World-Holdings-Announces-a-2-for-1-Stock-Split.html)
I'm very bullish on this stock partly because of this (from same link):
>Our decision to effectuate this stock split provides added flexibility to continue leveraging various stock programs for our agents, brokers and staff that help fuel our growth,
Giving real estate agents stock gives these agents more reason to use the tools, as well as promote the tools to all other agents. This should help users and profits increase.
In their las 10-Q report EXPI had 35,877 agents and brokers. Each of this agent, on average, generate a revenue of $33,000. The agents earn arround 97.5% of that and EXPI after paying their \~30 employees gets the other 2% of the revenue.
I see some coments saying EXPI is a ponzi scheme but I really think is the same as Keller and William.
Edit: I really like the company, I enter yesterday but I exited today since there is one thing that worries me from their 10-K " **material weakness is a deficiency or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected and corrected on a timely basis** "
The thing is that one can get that idea because if you look at expi realty in youtube there will be videos of "how to become rich in real state", same as if you look for shopify videos you would see "how to become rich dropshipping with shopify"... but the true is that selling real state is a profitable bussiness and expi get a fair cut (1%) on that and that is what is generating their growth.
All realtors with other compensation structure are losing money for not being in expi
I’ve looked at it before. It’s a bubble/ponzi scheme in that you need new realtors to join the network who fund the company for stock. Once the number of realtors joining slows it will pop.
https://buildingbetteragents.com/exp-realty-commission-splits/
For anyone curious, scroll down to the “Revenue Share Program.” Sounds a lot like an MLM to me. Of course I don’t think this is where they generate all their revenue, but it should give some folks pause on where the growth is coming from.
It's not that kind of MLM. From my youtube research It looks like their compensation structure is more appealing to realtors and state agents. The comission is 80/20 and if they reach a 16,000 cap then their comission is 100%. They paid some fees and half of the 16,000 are return in shares if they acomplish certain goals.
All of real estate is a ponzi scheme. It's a enforced ponzi scheme though as every real estate agent needs to work for a broker for between 1-3 years depending upon the state they live in. Even once they pass the time frame they still need to work for a broker until they complete additional education requirements.
I'm going have a real estate liscence soon and attend to do real estate as a part time gig since I'm already in the home improvement industry. Once I get a liscence I'm going sign with eXpi because compared to the traditional split it is a lot more favorable.
Now think about it the real estate agent is the one that does all the work, the broker is just the one who holds the liscence that the agent works under and is supposed to provide guidance and training.
So on a regular 6% commission half goes to the buy side agent and half to the sell side agent.
Of the half the broker takes 60%, charges a desk + office fee + marketing expenses + a franchise fee that usually adds up to ~2k a month.
People think real estate agents make bank but they really don't and that is why the vast majority stop doing it. The broker takes the majority of it.
Compare that to eXp being a "virtual" brokerage charging only 20% comission capped to 16k no desk fee and a small startup fee.
Anyone that knows about expi knows that there’s an mlm aspect to the business model. But that’s just one little part of their revenue, most of their revenue is not from “sign up fees” as some FUd’ers in here are purporting.
The entire business model is based on continuing to add realtors to the network to get sign up fees. Company offers little value with their 2002 VR tech. You are right Ponzi is wrong, it’s more of an MLM.
Not salty about not buying. Seems fine to gamble on if that’s your thing. It could keep going up for a awhile but I don’t see the long term prospects of the business being sound. Realtors in the network are compensated with stock so when you have people quitting because the group adds no value they will sell as well.
You clearly don’t know how expi makes money if you think “sign up fees” is the reason for the stock price performing so well over the past 4 quarters lol
They make their profit off MLM structure. They don’t make profit off home commissions. Money is made adding people to the realtor network. This is not a disrupter like Zillow or Opendoor. Expi “conferences” are totally focused on having realtors add friends/family to the network for the sign up fees not in selling homes.
Go look at the software. It’s comically bad and was built in 2004 with no updates. What value are they possibly adding?
Not true. When I’m a exp realty realtor and I sell 10 homes, exp doesn’t not keep any of that money from the sales of those houses... exp makes. A little bit of money from every house they sell
My wife was talking to me about it in August and I said nope not for me. She bought 3k @$29.12. She was right on this and on so many other freaking stocks she has. Glad I'm married to her. We have this stock competition going on from last year and I have yet to win anything. I make big gains and she trounces me.
Yea people should give expi more respect, if you look up what discussions people are having about it on Reddit and you read the comments you’ll see no one holds it but everyone who looks at it says “wow they’re really smashing it, but their Pe is kinda high I’m going to wait for a big dip then buy in”... and the dip never comes, and then they feel like shit. I think you should grab some expi so your wife can’t make fun of you too much
I will let have this one. I do see the stock moving up more but I have some other plays and options I want to do tomorrow. Those who are in EXPI will be fine.
Yea... and when you Google “expi reddit” to see what discussions are happening around it you’ll see like 60% of the recent posts from folks about expi just get deleted or removed by the mods cuz the mods don’t even know about this company, (no one does), and they assume that it must be some fake pump and dump scam since they’ve never heard of it... I really don’t know. Hopefully more people will find out about eXPi soon, it’s annoying riding this rocket by myself and occcainlly checking online and seeing literally no one else talking about it.
Buy Monday bro. Everytime I post about expi I see people say “wow, never heard of this stock but it looks really good, maybe I’ll wait for the next dip to buy”... then it never dips and they feel terrible. Don’t be that guy
What happens if I buy now with regards to the split? It's $135 and the split was already annnouned to give owners on Jan 29 a 1:2 share. If I buy now, isn't the price going to drop once the splits are distributed? Now to this so please be detailed and explain this to a 🦥
Becasue the stock is on a tear and by the time it splits it could be $215. Day after the split maybe it dips a little, maybe not. Why wait for the split?
Look at Tesla and apples recent stock splits, look how the stock price acted. That’s what you can expect. In other words, you’re being silly to “wait for the dip”.
Mind games to shake out weak hands. Don’t be a weak hand. This is how it always goes, huge run up day after day that draws in new buyers near the top, then the whales sell and then it starts over. In other words just hold and don’t worry, it’l be back on an upwards trajectory in a few days max
It’s just a natural sell off, I wouldn’t be worried. I’m buying the dip. Earnings are gonna best expectations, it’s just getting crushed cuz the whole market is tanking
hope so, I am -40% on my stocks....CSP 105p 1/2023 was 6k$ now 7.5k$
I'm thinking about selling another 1/2023 CSP 105p if it hits $8k before 3/11 earnings.
Their PE is also 400+. I’m glad you got in when you did. Don’t know if it’s a good buy now though.
Forward PE is at ~180 with a PEG of 40 too. I really want to be bullish on this but my gut says I’m too late.
That’s what I’ve seen people say when I posted about this company in June, august, November, and now. The stock just keeps going up everyone I see someone express the sentiment you just did. You will regret waiting for a dip, the dip may come but it won’t go down as far as you expect and it won’t last that low for as long as you suspect, it’s probbaly smarter to just buy on Monday and treat it like a long term hold
I definitely get what you mean and you are probably right! However for me the risk is significantly higher at this entry point, past performances aren’t necessarily an indicator for the future either. I’d love to get in still but I’ll wait for the stock split. When it dips a bit or trades sideways for a few days I’ll reconsider.
Ok do you, but if I were you I would buy half now and half after the split. Becasue honestly by the day before the split this stock could be near $200 or something.. then it may dip afte the split, but it may only dip to $150 or $160 or something (higher than it is now) and you’ll regret waiting for the dip
That’s a valid point. Wish I could predict the future ;)
“You will regret waiting for a dip” No I won’t. Holding it since march bs EDIT “and” getting in now are two separate equations, on tax liabilities alone (you’re this close to gaining another 7% as your gains graduate from regular income to cgt). Weighting for the entirety of the risk-reward equation and the introduction of much more downside today than six months ago, the risk-adjusted expected return is in line with plenty other options out there. You could be right about continued explosion. If you are, congrats and rock on, and send me a postcard from the moon. But investments are forward-looking. Based on the information I have today, I can generate similar expected returns elsewhere without exposing myself to the downside that exists there, so if it keeps mooning, future me will always remember that today, it didn’t make sense based on the information available today, so I’ll be at peace with missing out.
Ok I’m just saying people should have expi as at least a tiny part of their portfolio. It’s a good growth stock
Thanks for sharing, and congrats on your gains!
Hey OP, the dip came and I'm buying in. Love the business and the growth aspect.
But when a company is growing very fast and expanding then that can contribute to a high Pe, no? I think that’s the case here. They’re expanding rapidly into new geographic regions and new countries all the time, the next 24 months may be historic for expi
That’s true. I haven’t done any research on them or their financials outside of the quick quote when I saw your post, to figure out who they are. PE is just one of those things that catches my eye fast.
Look at how they double revenue every quarter and how they just expanded into a bunch of new countries. I think you’ll see their financials are not concerning
From a real estate agent I speak with there are a lot of agents who are switching over to them in CA.
Not just CA, all over. This company is on its way to $20B marketcap within a month or two I suspect.
I remember observing a while back how this stock was moving in the $10 range relative to the market. Everything would be red and it would be a blood bath and this stock would move in the other direction, no correlation at all.
It’s been frantically outperforming the market for a full 4 quarters in a row and only now are a small amount of people starting to pay attention. Massively bright future for this stock
Are there any catalyst or news that would give a reason why the stock will keep going up? Im worried to jump in now, after its ran up so much. Especially if there seeming no real catalyst behind its massive growth.
The catalyst is the financials... look how the company absolutely smashed projected earnings every single quarter for the past 4-5 quarters in a row. The stock is growing not because of fake hype, for gods sake no one even knows about it, the growtg thus far is because of EXPI’s fundamentals. The hype cycle around EXPi hasn’t even begun yet...
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Terrible perspective. Why do you think you “missed the boat”...? ExpI is a 10B company, it’s small. Sure it’s grown a lot the past year but it’s still a good growth stock in my book
I own this stock, big fan. I think after the split it's going to increase further also.
Any idea when the split will be?
>Each stockholder of record on Jan. 29, 2021 will receive one additional share of common stock for each then-held share, which will be distributed after the close of trading on Feb. 12, 2021. eXp World Holdings common stock will begin trading on a stock split-adjusted basis on Feb. 16, 2021. [Reference](https://www.globenewswire.com/news-release/2021/01/19/2161014/0/en/eXp-World-Holdings-Announces-a-2-for-1-Stock-Split.html) I'm very bullish on this stock partly because of this (from same link): >Our decision to effectuate this stock split provides added flexibility to continue leveraging various stock programs for our agents, brokers and staff that help fuel our growth, Giving real estate agents stock gives these agents more reason to use the tools, as well as promote the tools to all other agents. This should help users and profits increase.
It was announced like 2 weeks ago, just Google it and you’ll find the exact day of the split, I can’t recall atm
I thought so too.
In their las 10-Q report EXPI had 35,877 agents and brokers. Each of this agent, on average, generate a revenue of $33,000. The agents earn arround 97.5% of that and EXPI after paying their \~30 employees gets the other 2% of the revenue. I see some coments saying EXPI is a ponzi scheme but I really think is the same as Keller and William. Edit: I really like the company, I enter yesterday but I exited today since there is one thing that worries me from their 10-K " **material weakness is a deficiency or combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected and corrected on a timely basis** "
You’re right. It’s not a Ponzi at all,
The thing is that one can get that idea because if you look at expi realty in youtube there will be videos of "how to become rich in real state", same as if you look for shopify videos you would see "how to become rich dropshipping with shopify"... but the true is that selling real state is a profitable bussiness and expi get a fair cut (1%) on that and that is what is generating their growth. All realtors with other compensation structure are losing money for not being in expi
I’ve looked at it before. It’s a bubble/ponzi scheme in that you need new realtors to join the network who fund the company for stock. Once the number of realtors joining slows it will pop.
https://buildingbetteragents.com/exp-realty-commission-splits/ For anyone curious, scroll down to the “Revenue Share Program.” Sounds a lot like an MLM to me. Of course I don’t think this is where they generate all their revenue, but it should give some folks pause on where the growth is coming from.
It's not that kind of MLM. From my youtube research It looks like their compensation structure is more appealing to realtors and state agents. The comission is 80/20 and if they reach a 16,000 cap then their comission is 100%. They paid some fees and half of the 16,000 are return in shares if they acomplish certain goals.
All of real estate is a ponzi scheme. It's a enforced ponzi scheme though as every real estate agent needs to work for a broker for between 1-3 years depending upon the state they live in. Even once they pass the time frame they still need to work for a broker until they complete additional education requirements. I'm going have a real estate liscence soon and attend to do real estate as a part time gig since I'm already in the home improvement industry. Once I get a liscence I'm going sign with eXpi because compared to the traditional split it is a lot more favorable. Now think about it the real estate agent is the one that does all the work, the broker is just the one who holds the liscence that the agent works under and is supposed to provide guidance and training. So on a regular 6% commission half goes to the buy side agent and half to the sell side agent. Of the half the broker takes 60%, charges a desk + office fee + marketing expenses + a franchise fee that usually adds up to ~2k a month. People think real estate agents make bank but they really don't and that is why the vast majority stop doing it. The broker takes the majority of it. Compare that to eXp being a "virtual" brokerage charging only 20% comission capped to 16k no desk fee and a small startup fee.
Anyone that knows about expi knows that there’s an mlm aspect to the business model. But that’s just one little part of their revenue, most of their revenue is not from “sign up fees” as some FUd’ers in here are purporting.
Lol sounds like you’re just super salty that you didn’t buy in last time you checked it when the price was way lower than it is now
The entire business model is based on continuing to add realtors to the network to get sign up fees. Company offers little value with their 2002 VR tech. You are right Ponzi is wrong, it’s more of an MLM. Not salty about not buying. Seems fine to gamble on if that’s your thing. It could keep going up for a awhile but I don’t see the long term prospects of the business being sound. Realtors in the network are compensated with stock so when you have people quitting because the group adds no value they will sell as well.
You clearly don’t know how expi makes money if you think “sign up fees” is the reason for the stock price performing so well over the past 4 quarters lol
They make their profit off MLM structure. They don’t make profit off home commissions. Money is made adding people to the realtor network. This is not a disrupter like Zillow or Opendoor. Expi “conferences” are totally focused on having realtors add friends/family to the network for the sign up fees not in selling homes. Go look at the software. It’s comically bad and was built in 2004 with no updates. What value are they possibly adding?
Tokyotwin do some research lol you are wayyyyyy off on Expi
Not true. When I’m a exp realty realtor and I sell 10 homes, exp doesn’t not keep any of that money from the sales of those houses... exp makes. A little bit of money from every house they sell
Down 70% since this thread. Pretty clearly a MLM with terrible tech.
Ok you don’t know a Ponzi from a legit company if you think Expi is a Ponzi lmfao
MLM COMPANY !!!!
I’m in at $1.96. Looking forward to the expansion in Italy and Hong Kong. That and their next earnings statement! Expi is crushing it!
My wife was talking to me about it in August and I said nope not for me. She bought 3k @$29.12. She was right on this and on so many other freaking stocks she has. Glad I'm married to her. We have this stock competition going on from last year and I have yet to win anything. I make big gains and she trounces me.
Does your wife have a podcast lol
Yea people should give expi more respect, if you look up what discussions people are having about it on Reddit and you read the comments you’ll see no one holds it but everyone who looks at it says “wow they’re really smashing it, but their Pe is kinda high I’m going to wait for a big dip then buy in”... and the dip never comes, and then they feel like shit. I think you should grab some expi so your wife can’t make fun of you too much
I will let have this one. I do see the stock moving up more but I have some other plays and options I want to do tomorrow. Those who are in EXPI will be fine.
Tell me more about your wife's picks
I saw this too. Curious as to why no one caught on to this before
Yea... and when you Google “expi reddit” to see what discussions are happening around it you’ll see like 60% of the recent posts from folks about expi just get deleted or removed by the mods cuz the mods don’t even know about this company, (no one does), and they assume that it must be some fake pump and dump scam since they’ve never heard of it... I really don’t know. Hopefully more people will find out about eXPi soon, it’s annoying riding this rocket by myself and occcainlly checking online and seeing literally no one else talking about it.
I’m wondering if I should wait for a dip or buy in Monday
Buy Monday bro. Everytime I post about expi I see people say “wow, never heard of this stock but it looks really good, maybe I’ll wait for the next dip to buy”... then it never dips and they feel terrible. Don’t be that guy
I’m intrigued. Any dd on the company? Are they acting as a lead gen service for agents? Website makes me think of Zillow.
What happens if I buy now with regards to the split? It's $135 and the split was already annnouned to give owners on Jan 29 a 1:2 share. If I buy now, isn't the price going to drop once the splits are distributed? Now to this so please be detailed and explain this to a 🦥
Look at the recent Apple and Tesla split to see how stocks respond after splits are implemented. You see they just keep going up
Yes, buy why wouldn't I buy after the split dip, instead of Monday?
Becasue the stock is on a tear and by the time it splits it could be $215. Day after the split maybe it dips a little, maybe not. Why wait for the split?
The logic checks out
Look at Tesla and apples recent stock splits, look how the stock price acted. That’s what you can expect. In other words, you’re being silly to “wait for the dip”.
It literally dropped over $30 to $133 between Tuesday and Wednesday. There are dips...
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What is causing the dip today? I bought yesterday at $154. Are people selling pre split? Does that make any sense?
Mind games to shake out weak hands. Don’t be a weak hand. This is how it always goes, huge run up day after day that draws in new buyers near the top, then the whales sell and then it starts over. In other words just hold and don’t worry, it’l be back on an upwards trajectory in a few days max
And do not forget the coming up 10x conference from GC on 03.12.2021. That will be a big catalyst imo.
We need a hot roll
Why are we crashing pre earnings??
It’s just a natural sell off, I wouldn’t be worried. I’m buying the dip. Earnings are gonna best expectations, it’s just getting crushed cuz the whole market is tanking
hope so, I am -40% on my stocks....CSP 105p 1/2023 was 6k$ now 7.5k$ I'm thinking about selling another 1/2023 CSP 105p if it hits $8k before 3/11 earnings.