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Overstock.com Inc. Message Board

  • gonemaroon gonemaroon Sep 23, 2004 1:02 PM Flag

    Garbage Stock

    You know... this stock's definitely bubbled, but there's so much manipulation going on that I'm never playing it again. This thing should trade below $20, and you can see right before options expirations date that the MM's run this dude up and crush everyone. Blah... I've got better things to do than get hosed by a big game... I got out last month and keep watching this game take place.

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    • Hey, if you are such a believer in this "thing" to be trading below $20, why don't you put your money where your mouth is and sell me some OSTK shares at lets say $19?
      After all you believe that is a fair price. Or did we misunderstand you?

      • 1 Reply to SA1212
      • Reality, and then speculation are two different things. This thing has too small of a float to short at the moment. If it really takes a run I'll look at some puts. That seems to be a safer bet. You have to admit, this thing earns no profits, is competing with a product that outside of the advertisement with the really hot girl has nothing that makes it stand out. It's a bubble company, whenever they report that they have to issue new shares, or miss earnings... there'll be tons of bagholders. Until then, let the manipulation continue. I'll watch until it gets extremely ahead of itself...

 
OSTK
16.18-0.81(-4.77%)Jun 24 4:00 PMEDT