Get started

OSTK

$OSTK breakout from ascending fib channel? Not even overboughtPositive fundamental factors to consider: - Insider buying s.flashalert.me - SEC inquiry coming to an end foxbusiness.com - Working with Oppenheimer M&A to sell retail - Search traffic up 50% in Q3 twitter.com - Global rank soaring higher twitter.com - Dividend on the 23rd - 31% Increase in traffic from Overstock.com to payment processor twitter.com - Seeking Alpha: Overstock.com: Already 2 Months In The Black And Likely To Surprise seekingalpha.com
OLong
by blloyd
2
$OSTK Bull trend resumes above Golden Cross for likely 3rd waveThe Bull Bear Trend oscillator back to bullish. As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of record on the new dividend is only 24 trading sessions away. A conservative estimate is that shorts not covered by the date of record may be on the hook for an additional $37,000,000.00 to cover the cost of TZero tokenized securities due to shareholders. Even if the value of all of the Medici Ventures, patents and capital raised is taken out of the equation the shares are currently underpriced. The 2 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of $44.00, with a high estimate of $48.00 and a low estimate of 40.00. The median estimate represents a +143% increase from the last price of $18.11 .
OLong
by blloyd
1
$OSTK extended 3rd wave could produce 200% gains as shorts coverAs much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of record on the new dividend is only 24 trading sessions away. A conservative estimate is that shorts not covered by the date of record may be on the hook for an additional $27,000,000.00 to cover the cost of TZero tokenized securities due to shareholders. Even if the value of all of the Medici Ventures, patents and capital raised is taken out of the equation the shares are currently underpriced. The 2 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of $44.00, with a high estimate of $48.00 and a low estimate of 40.00. The median estimate represents a +143% increase from the last price of $18.11 .
OLong
by blloyd
1
Looks like another $OSTK buying opportunityThis is an entry opportunity, perhaps a little sooner than expected. Regardless of Patrick Byrne's public statements which may have created some concern even though they are unrelated to the company, ultimately this looks like a backtest of several levels of support which were previously resistance. The ADX and DI are still solidly in favor of the bulls for the time being. Keep an eye on the weekly candle close as well as the $20 support level.
OLong
by blloyd
$OSTK bull flag ready to break higherAs mentioned in the chart linked below $OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance beyond that until around $39.50 . On this 15 min chart the bull flag/coil seems to be coming to a head and ready to break higher.
OLong
by blloyd
$OSTK entering weekly cloud E2E may take it to $30.15 even $39.5$OSTK has a lot of momentum to the upside and yesterday's earnings call just reinforced this right as it breaks through weekly cloud resistance. Typically this indicates that there will be a continuation to the upside. I expect to see the price break 30.15 over the next few weeks and don't expect there to be much resistance beyond that until around $39.50 . Weekly RSI is also looking bullish, well above 50 and has plenty of room to run.
OLong
by blloyd
Overstock $OSTK May Be The Next Hyper-Shorted Stock to Blast-OffDISCLAIMER: I am not an Overstock bull. I don't believe in the future of Overstock.com or tZero, however this is a potential trade setup based on market conditions 1) On Friday, Dillards had an outsided 20% run on no news, but suspected that it was a short squeeze given the stock's 45% short float 2) Monday (yesterday) Lannett $LCI had also a large outsized run (up 40%) on no news but traders suspecting the 74% short float as the cause 3) Now speculation is which is the NEXT high-short-float stock to go. I would put $OSTK at the top of that list, with other candidates as $HIIQ, $HEAR, $PETS Make sure you visit behindthebid.com for everything you need for your premarket at a glance and other trading ideas.
OLong
by behindthebid