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Overstock.com, Inc. (OSTK)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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32.20+3.26 (+11.26%)
As of 09:58AM EDT. Market open.
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  • A
    Amber’s Turd
    This needs to break above $31 then $36 before anything can get going again
  • A
    Anthony
    Gas station near my work dropped to $3.99! Good sign. Stock market up and gas prices down over the next 12 months. LFG!
  • P
    Paul
    Oct 1 Russel stocks start trading on tzero, to start.
    That will knock the shorts off the short hedge funds.
  • N
    NICK Charts
    Thurs. Aug 4: After working with various orgs and co’s, setting up my own firm dealing with how geopolitical, social and pandemic macro trends affect stocks, bonds and businesses. Enjoyed having this MB as a sounding board.

    Check out my Twitter @MacroTrend Mojo for today’s S&P chart and a longer forecast Re: war and Euro winter.

    The French, Italians and Germans could really be in trouble this winter which would affect all. France, for example has OVER half of its nuclear reactors down for repairs and its system is already strained before winter.

    Very basic info on my Twitter now, also still prepping my site but I thought you might like to see. Hope it’s useful. GL
  • W
    WSGuru
    With all these SEC investigations something is telling me that a big tZero announcement will come out soon
    Bullish
  • N
    NICK Charts
    Fri Aug 5 jobs report premarket. Oddly, that too hot number will be read by some as reason for more Fed action. Thus market negative.
  • A
    Anthony
    Couldn't help myself. Bought 2 platform beds yesterday for 1,300. Time to slow down my Overstock purchases, but probably not going to happen...😬
  • G
    GOP.DowJones6500
    Why is OSTK still trading this low?
  • J
    John
    Is this down more than W because Coinbase partnered with Meta? Let's get ICE to buy tZero!
  • A
    Anthony
    Anyone else having trouble with Yahoo? Won't show my posts when I'm not logged in. Not sure if people are getting them.
  • E
    Ehab Al akrawi
    @Fear Munger, do you think this would hit low 60s this year?
    Bullish
  • N
    NICK Charts
    Thurs. July 28: Big question. So why is OSTK higher when it missed both revenue and earnings?

    Not pumping here, just analysis which helps with any stock. Look at possible parallels — GOOGL missed both top and bottom yesterday as well but was up about 7% @close. Not comparing this company to GOOGL but only the reaction. OSTK was so beaten down, perhaps the miss was less than feared (esp. for an etailer, even if below consensus) similar to GOOGL reaction.

    Bigger question -- will it hold? (was $24 range the bottom?). Per my earlier post today, the whole market has volatility, especially after Putin cuts gas this Euro winter (and he will but no one knows how much).

    So in the weeks ahead, OSTK might be pushed down by the market, not itself. But that $24 floor firms up with each gain, even if market drops, as I mentioned to someone this week.

    @OhioKen — can’t believe you weren’t all over my Dem recession jab with your additional suggestions haha. GL
  • O
    OhioKen
    OSTK the only stock on my watch list that was red. What gives?
  • O
    OhioKen
    Earnings of .19 vs concensus of .32? How did they miss so bad? OSTK could be a good buy in the low 20's. More pain here for awhile it looks.
  • O
    OhioKen
    Probably a big down day in the market today. And W keeps rising. I guess we'll see on Thur how this goes.
  • P
    Peter
    I've been a lurker on this board but have never posted until now. I thought I'd share a snippet from Bill Fleckenstein. He's a former money manager who writes a daily market column and also responds to email questions from his subscribers. He's very bullish on gold and silver and mining stocks but also writes about the overall market. He's the one that turned me on to OSTK.

    "Overstock also reported numbers last night and its retail business posted a small profit, which I think is important given the environment and considering that one of its major competitors, Wayfair, has a horrible balance sheet that is going to get worse as interest rates reset. I think Wayfair is destined for the trash heap and Overstock can likely gain market share with Wayfair's unwinding.

    There wasn't much new on the part of the business I really care about, i.e., the blockchain businesses inside of Medici Ventures. I think that OSTK trades on the retail business because so few are aware of the other assets and it did better today because results weren't "worse than expected." Plus, there's a very large short position. How someone could be short that in size at these prices is mind boggling, but we see the same sort of behavior with AEM and other miners. Based on my experience over the years, the people operating on the short side today just aren't what they used to be, as all they seem to care about is momentum rather than analysis."
  • O
    OhioKen
    I'm not in any way suggesting this will happen again but I remember an earnings day where this exploded upward and then BOOM! It crashed. Not sure anything makes sense anymore in this market. Personally, I think this is a temporary up day.
  • N
    NICK Charts
    Wed July 27 - pre Fed rate announcement. I don’t want to even guess. Probably 75bps but Powell’s comments @2:30pm news conference today and then tomorrow’s massively important 2nd Qtr GDP number in premarket are more important. GL.
  • O
    OhioKen
    How dare Wayfair ride OSTK's coattails.
  • N
    NICK Charts
    Tues July 26 open. The macro view will affect everything. I truly wish I could post rainbows ahead (and it’d be more profitable for me, too) but not yet.

    Beyond all the earnings, Fed rate and GDP info this week, one MAJOR macro cloud that is months away (that I mentioned Fri) made headlines Mon as all indicators, even public, said it would.

    Mon’s headlines:
    “Russia to Cut Europe’s Gas Flow via Nord Stream to 20%” -WSJ.

    “Russia waging "overt gas war" against Europe, Zelensky says” -CNN.

    Think all this doesn’t matter? Europe relies about 40% on Russian energy. Some countries more. Any cuts will be disruptive and inflationary for world.

    From my post Fri:

    “…The Euro fell to parity (equal) with the dollar for the first time in 20 years last week! But why? Because currency traders see a bleak Euro winter ahead… Putin is rubbing his hands, waiting for the winter when he’ll really torment NATO countries for challenging him.”

    This could get ugly for the world economy and wreck recovery as Putin laughs. And no, all data and observation says he is NOT ill despite what some have speculated. Even CIA Director Burns openly admitted in public last week Putin is “…entirely too healthy.” (Google it).

    So play any early autumn market rise with an eye on the Euro winter and war which will affect oil, energy and inflation in a big way. If US can break Putin’s economy he might come to negotiation table but frankly he eagerly wants to wield his revenge this winter first. Why? To show his global power, part of his grudge about a diminished Russia. GL

    https://www.wsj.com/articles/europe-fears-a-long-cold-winter-if-russia-ends-supply-of-natural-gas-11658258177?mod=article_inline
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