Overwrought (OSTK)

I came upon this trade in an unusual fashion; I saw this very nice note from Kyle:

And I remembered: “Oh, yeah! Overstock! I can’t stand those guys!” So I shorted some. So far, so good!

I intend to hang on to this one, since it has a history of reaching utterly goofy levels and spending months burning it off.

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Comments

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William K. 1 month ago Member's comment

Given that some prices appear to be driven primarily by emotions, being able to grasp tends quickly can be a valuable skill. But knowing when to jump off is even more important. Like the old gamble said, "Never bet more than you can afford to lose."

Freddy Frighter 1 month ago Member's comment

I don't get it.