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Overstock.com Inc. Message Board

hagmansliverversionss 33 posts  |  Last Activity: Apr 30, 2016 8:31 AM Member since: Jan 16, 2011
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  • Reply to

    ostk

    by si_ravenseye Apr 29, 2016 10:45 AM
    hagmansliverversionss hagmansliverversionss Apr 30, 2016 8:31 AM Flag

    I think the total is more like $16 mill

  • IBM announced Friday it is launching its framework for using the technology behind bitcoin, saying it's time for companies to come to terms with how the revolutionary technology will change their businesses.

    As firms grapple with the buzz around blockchains — a highly secure and auditable form of information storage originally conceived for digital currencies — IBM is pushing out its certified and tested version to make that process easier for financial services, government and health care.

    Although it sounds technical, that's big news for many industries that see the technology as potentially disruptive. And it's big news for other companies that are rushing to make "blockchain for business" a reality.

  • Is up almost 50% since November .... while the coin is the realm of thieves - alternative currency and exchange mechanisms have gained enormous traction since just last Summer .....

    Change is coming - I think the coin is a non-starter and will not end up as a major player ..... and anyone laying claim or boasting that they own the exclusive venue for Blockchain exchange systems .... is conning you ......

    Proof? Well, just look at the Goldman system they have 'ownership' of .... it has zero touch on anyone in blockchain - it's robust and working right now ..... very few out in the trenches can say that ....... and it's part of GOLDMAN ... in other words ..... you can have the best of all worlds ... old and new ..... with zero perceived risk of failure that can be associated with adopting new technology ......

  • hagmansliverversionss by hagmansliverversionss Apr 21, 2016 7:38 AM Flag

    I personally Blockchain will be used to transform the settlement process - that much I totally believe .... but the idea of going to zero settlement days is an issue for the players - Rumor is that Wall Street will be at T+2 (from 3 currently) within a year or so ... but zero? There is a lost business income opportunity to overcome ....
    --------------------------------
    "We find that there are some vested interests of custodians, or potentially banks, where actually T plus two or
    three is quite helpful because they get the carry. Or is the benefit case of resilience and cost-cutting offset the
    nuisance of the carry. Generally, the reason why there are vested interests who need to, for example, earn the
    carry is because they're operating a massively expensive infrastructure, without which the business would be
    completely unsupportable".

  • No mention of OSTK -
    But - there was this ....
    Blockchain adoption does not mean T+0
    There are quite a few blockchain firms whose business model centres on a "T+0" settlement timeframe. The
    pitch is that it is more efficient than today's T+3 (days to settlement). Their business case misses a few key
    points. First, the primary reason for multi-day settlement periods is regulatory and legal rules and market
    practice, which enables a broader participation by retail investors. Second, current technology could deliver T+0 settlement today in a broad range of asset classes if regulatory and legal rules allow for it. You don't need a blockchain to deliver T+0. Third, markets with T+0 today appear to have less liquidity and more volatility than markets with a settlement window. Several reasons, chief among them is that in a T+0 settlement window there is no shorting, which reduces liquidity. We expect settlement windows to shrink due to regulatory and legal changes, but not to T+0. As they shrink, lenders lose some revenues but also free up capital. If blockchain technology can drive down costs too, competition could migrate settlements to T+1. Digital Asset Holdings is building a "T+What You Want" into its blockchain solution, which should also enable users to more explicitly price for the liquidity they want.

  • Reply to

    Byrne takes a Medical leave -

    by hagmansliverversionss Apr 11, 2016 7:24 AM
    hagmansliverversionss hagmansliverversionss Apr 14, 2016 2:19 PM Flag

    Obviously not a lawyer

  • Reply to

    Byrne takes a Medical leave -

    by hagmansliverversionss Apr 11, 2016 7:24 AM
    hagmansliverversionss hagmansliverversionss Apr 14, 2016 10:43 AM Flag

    Wall Street penalized his one man crusade with a complete lack of coverage of OSTK - FOR A REASON. That Yahoo lists even one analyst covering the stock is stunning. With degrading language and horrid invasions and then publication of personal information - even direct harassment of anyone that would even dare call to question Dr. Gas Can's moronic, misguided and often just plain old ignorant pronouncements - it's little wonder they have not been taken private .... it gets expensive to operate a business with the headwinds caused by a CEO that hates his shareholders. How about the cost of Insurance? Can you imaging the D&O cost savings to be had by just having Dr. Gas Can stay in the World Wide Communications trailer stationed way in the back of the OSTK HQ parking lot - as opposed to him actually entering the building every day?

    You're an idiot. Stand up, do some reading and stop being a sycophant.

  • hagmansliverversionss by hagmansliverversionss Apr 13, 2016 1:27 PM Flag

    To see the market is 100% Namaste with Dr. Gas Can out of the C Suite .....

  • hagmansliverversionss by hagmansliverversionss Apr 11, 2016 9:11 AM Flag

    That's not good -

    Dude!

  • hagmansliverversionss by hagmansliverversionss Apr 11, 2016 7:24 AM Flag

    Mixed on this -

    Prayers Dr. Gas Can ....

    .... and hopefully Mitch Edwards is smart enough to call on Stormy to run the show ......

  • hagmansliverversionss by hagmansliverversionss Apr 6, 2016 9:54 AM Flag

    No mention of the Jersey boys ......

  • hagmansliverversionss by hagmansliverversionss Mar 31, 2016 9:50 AM Flag

    Leno loves him some Donald and fawns over his kid - Old J Edgar just thinks that family is a mess .......

    Twitter on, troops!
    ----------------------------
    Leno: DonaldJTrumpJr I hope I'm around when you're President, Mr. Trump.

    J Edgar: realDonaldTrump says nix GenevaConventions. Now he's not even trying to not mimic itler.

  • Reply to

    Revenge of the Big Banks BlockChain

    by socal99999 Mar 29, 2016 12:05 PM
    hagmansliverversionss hagmansliverversionss Mar 30, 2016 4:01 PM Flag

    There will be change. The technology behind the blockchain is going to be the future .... the version OSTK is hawking is not being vetted .... Byrne may have appeared at the DTCC forum - but, his tech is not in use ..... But ... there will be change ....the coin? No use. The stench of criminals on the coin has doomed it to the dust bin. There are other digital profiles to be used .... anyone who has ever down a Repo or even a Reverse Repo will tell you the transactions are really super complicated. I guess using the chain makes it better? I can't see how - it will still be a super complicated borrow and lend transaction ......

    GE .... I have waited a long time to say this .... but .... I was right! It only took 5 years.

  • Reply to

    Revenge of the Big Banks BlockChain

    by socal99999 Mar 29, 2016 12:05 PM
    hagmansliverversionss hagmansliverversionss Mar 29, 2016 1:39 PM Flag

    There will be change - BitCON will not be the future ... it's the currency of crooks and con men .... Dr. Gas Can knows this - and maybe now he is finally going to see the light - IMO ... he needs to clean house of all the junk businessmen has has collected over the last few years ....... J Edgar might want to brush up that resume a tad .....

  • But, Barron's must have overlooked him in the survey published today .....

    But - Jeff Bezos is #1 ....

  • hagmansliverversionss by hagmansliverversionss Mar 18, 2016 8:27 AM Flag

    W Wayfair: Paradigm shift more evident; Wayfair (W) and Home Goods (TJX) perpetuating shifting shopping behavior - Wedbush

    Wedbush remains a buyer of Wayfair following data & recent results from industry players support their view of paradigm as shoppers more frequently consider price and selection in their search. Based on comScore sales data, WSM's e-commerce business sharply underperformed in 4Q relative to growth in online Furniture & Appliances and Home & Garden sales categories. They continue to believe Wayfair is primary industry winner as captures disproportionate amount of share from both online and traditional offline competitors.

  • hagmansliverversionss by hagmansliverversionss Mar 17, 2016 8:57 AM Flag

    SEC Signals It Could Curb Use of Adjusted Earnings Figures

  • 1 million shares offered of OSTK Series A shares ....... only on the Trade zero site .... as dysfunctional and as poorly run as OSTK is right now ...... as it is .... there it is ..... the future is now ......

  • A shortage of benchmark 10-year Treasuries in the market for borrowing and lending U.S. government debt is triggering a surge in unsettled trades.

    Failure to deliver for all 10-year notes rose in the week ended March 2 to $32.3 billion, from $132 million the week before, the latest data from the Federal Reserve Bank of New York show. The figure is the highest since June 2013, when Treasuries tumbled after then-Fed Chairman Ben S. Bernanke signaled the central bank might slow its bond buying, an episode dubbed the “taper tantrum.”

  • WWCT = the World Wide Communications Trailer.....
    ==============

    Citizen journalists are about to take over newsrooms

    Citizen journalism is having its moment.

    Fox Television Stations has become the first major media outlet to employ citizen journalists.

    The broadcaster has partnered with Fresco News, a crowd-sourced news startup that has signed up hundreds of citizen journalists in cities across the country.

    The partnership went active on Wednesday and Fox-owned stations in 11 markets — including New York, Los Angeles and San Francisco — will use Fresco’s Newsroom Tool Suite to gather stories.

    Fresco’s app, which connects people on the street to newsrooms, notifies citizen journalists who have signed up for the app of open assignments from a local TV station.

OSTK
14.70-0.58(-3.80%)11:28 AMEDT