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Overstock.com, Inc. (OSTK)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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21,641 reactions on $OSTK conversation
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The stock is trading below it's closing price of 76.19 the day it came out with it's record second quarter earnings and revenue, on July 30,2020. Seems like there are lots of people taking their profits in the stock, with not that much confidence that it will repeat it's performance. Maybe third quarter will not be that good with it's forecasted earnings of negative 0.02 and revenues of 586 million forecasted according to Markets Insider.
Made my money with the run to $130. Earnings this week and boy do I remember last earnings.
I've been following $OSTK for months, astounded by its run. The long term chart (all the way back to 2005) shows a strangely familiar pattern of spikes around the $70 range and then sell-offs. Overstock is a great company and I use it regularly, but it's been really tough to choose a viable long entrance point after missing the March opportunity. Longs or potential investors, please share your insights. (Trolls and spammers, there's no doubt you'll chime in, too.)
Nice finish. Have a great weekend everybody. Next week is our week.
My current take on the stimulus negotiations. The horrific news out today for the Biden campaign will make it near impossible to win the WH. That fact will put exorbitant pressure on the House of Reps and Nancy P to pass a stimulus NOW! They are losing their negotiating power with each passing minute. They will get really agreeable really quick.
Don't be out of the market completely at this time.
OSTK is fine imo. The downward pressure is happening across most E-commerce stocks due to fear of a failing stimulus deal. Look at cheaper shares as a gift. The 29th will be here before we know it.
The change in a 50 dma trend line from positive to negative is a big shift and it happened a couple days ago. It takes a lot of energy to reverse this trend (earnings could do it but likely drifting down until then). Plus the 6 x 50 dma fails recently, each weaker. Also, Wall St doesn’t view the news today as fundamentally adding value to the company. It looks like just an odd way for someone to buy OSTK stock. It’s not difficult to do already so no real value added in company. Plus the uncertainty of stimulus and election all add up to down day for many stocks.
I like this company but would wait to jump in until earnings.
I know I'm new to post, I usually sit back and listen. It is nerve racking but DE Shaw bought a 5% stake, most of which in last 60 days, because of strong belief in earnings and stock going up. It did break the dma 50 and it may go lower so traders will need to decide whether to exit or not. But longer term, this will go up... a lot.
Needham raises price target to $98
Awesome rebound today.
I am betting 80% on Overstock, Fastly and Digital Turbine this earnings season.
consensus estimate imply Q3 revenues down 26% versus Q2. Does anyone think that likely or is flat revenues versus Q2 more likely? I think Q3 will mirror Q2 in most ways which is a big positive versus current estimates. And Q4 has the Holidays plus a likely post election stimulus distribution.
Good day for OSTK and even better when I just saw they are positioning the brand on tv commercials like the one I just watched during the CNN debate pre-show. Taking customers and business from W! 👏
This pause today may be a signal that even the manipulators are getting a bit nervous to push it lower with potential news on Stimulus agreement nocking at the door.
OSTK's secret "stock-holder" weapon is
The algo's have this stock so for every uptrend there's a double down. There's a chance for a new bottom here and I fell victim to this as I'm sure many new day traders have as well. Nothing left here but waiting for the bottom and the reversal to begin. Like "Nick" mentions this will require some big news from earnings and the algorithm shorting to let it go. I may not know all the technical verbiage but I can clearly see a company that should show strength rather than this drastic decline. The longs will probably be safe but the rest of us have stopped out.....
Bought the stock recently after looking at the charge card of my wife's purchases of office furniture and rugs the past couple months. Overstock's prices are very reasonable and the look is great. Now our daughter wants to refurnish her room too. I'm also considering Overstock for in door and outside lighting too.
Not a good day today , Will continue to hold long and strong . Key is to think about your investment horizon and risk appetite - if it is 3-6months , this one is highly volatile so risky . If you plan to hold for at least a year, then it makes sense .
tighten the coils and prepare to launch 40% by Friday!!!!
Well glad I set my stop loss where I did. Got stopped out at $75, damm I really thought once it broke the 50day and held it for 2 days it’d start a new run. Coudldnt break the secondary offering price resistance at $84.50 tho. Back on the sidelines until after earnings. Might buy a couple of short to medium term puts if and only if it breaks down thru the $61level of support. I don’t think it will , but if it does I’ll buy the puts. I’d never short shares of this. Long term 2+ years this will be over $130+ is my guess. Short term will be volatile and tough to trade. Writing calls and puts is probably best idea to make money as the premiums are so high. Well those are my thoughts. Gl all!
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