$OSTK touching down on 200-day MA. Golden cross in progress
The stock overcorrected due to the communication style of the eccentric CEO Patrick Byrne. The nature of what was communicated concerned shareholders but should have no bearing on the performance of the company. Search traffic is up meantime and the recent earnings conference call was positive. I see this as an overreaction on the part of many shareholders combined with a crash in the market and aggressive short-selling.
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