Overstock: Overjoyed

My best cash profit from my shorts is from Overstock, which I’ve written about before. I’ve never respected this company, and their latest gambit of going into cryptocurrency compelled me to just short them out of a combination of spite and chart observation. So far, so good…

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OSTK

Given their long-term history, my view is that they have a long, long way to go before they’re finished falling.

(Click on image to enlarge)

slopechart_OSTK

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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