Overstock 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.
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…
(Click on image to enlarge)
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)
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 with a qualified broker or other financial professional. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
Comments
Log in or sign up to join the conversation.