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Overstock.com, Inc. (OSTK)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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70.40+0.19 (+0.27%)
At close: 4:00PM EDT
70.08 -0.32 (-0.45%)
After hours: 07:52PM EDT
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  • N
    NICK Charts
    OSTK Thurs: The big picture again. Today’s OSTK rise (so far) should be no shock. Finally some broader good news that specifically helps OSTK. The Commerce Dept this morning reported that consumer spending rose MORE than expected. It was like the futures had a knife hanging over them until that came out at 8:30am.

    Since consumer spending drives about 70% of GDP (and about 110% of OSTK haha) you can see why the stock is moving (with some volume) even while wider market drifts.

    “U.S. The Commerce Department's August retail sales report showed overall sales rose by 0.7% on the month. Consensus economists were looking for a 0.7% drop, according to Bloomberg data. July numbers, however, were downwardly revised...”

    Also adding to the mixed data today (and lately) “…new unemployment claims posted an unexpected but marginal increase…”

    Not out of woods as far as the correction that everyone seems to expect this month but this news will help support OSTK relative to other stocks and sectors.

    I know everyone hates any talk of a correction but the saying on Wall St is that “Corrections create rallies”. Why? Because after a correction, everyone feels, “Okay, we had the bad news, we have a floor, time to buy bargains.” If/when that correction comes, OSTK will look like a bargain, especially with today’s consumer retail numbers.

    Yes, the market Grim Reaper is on holiday today (maybe Jerry will see him in Italy haha). GL
  • J
    Jerry
    U.S. Securities and Exchange Commission Chairman Gary Gensler continues to be consistent in his assessment that the majority of crypto are securities. We at tZERO have been focused on securities-laws-compliant digitization of assets from day one - our digitally friendly regulated trading ecosystem is a natural home for all these assets.

    It is important to echo, as we have already publicly stated, the need for positive regulatory clarity for digital assets. This requires an examination of how the existing regulatory landscape applies to digital assets, with focused adjustments to existing principles and guidance, as well as, in some cases, consideration of new laws and regulations. Innovators should be able to offer new products with regulatory clarity. We believe this can be achieved through appropriately tailored measures developed in consultation with the industry, consumers, investors, and other stakeholders.

    If this trend continues and regulatory clarity results in more assets being classed as securities, as Chairman Gensler advocates, tZERO is the leading digital-friendly, regulated securities trading platform and is committed to supporting the compliant trading of securities products, including innovating crypto-related products.
    Bullish
  • N
    NICK Charts
    OSTK close Thurs. Wow, another huge indicator. Credit Suisse (good firm) just said skew volatility peaked today in options market YTD. The analyst sort of explained it but l’m sure many missed it.

    What is “skew”? The ratio of overall puts versus calls peaked TODAY, so more options buyers expect downside versus upside. The jumping birds phenomenon I mentioned.

    This doesn’t mean that a correction WILL happen, but it demonstrates with actual money (options bought) that many EXPECT it to happen.

    Okay, my haters, thumbs down more facts. I like to post info on this MB but info seems less important lately.

    Let’s PLEASE avoid insults, ageism, body part jokes, mocking ANYONE’S losses in Texas, Miami or anywhere (we’ve all had losses) and help each other make money. You would never say some of these things in person so why here?

    I’m also hugging it out with Jerry over his or my possible misread of a minor joke earlier. Tone gets lost in type and my stand up routine would get me beaten up almost anywhere. No cult would have me.

    Also, I have zero sentimental feelings for any stock. I rely upon info. OSTK, like the market, is in the doldrums (but not forever). Best to acknowledge why.

    Yes, @raysfrom98. Been watching CLDX closely, thank you! Mast cell info looks good.

    My other POSSIBLE buys, esp. on a correction include:
    -AFRM (a BNPL, “buy now pay later” firm w/Amazon deal)
    -INMD (beauty firm and I need it haha) and
    -NVAX, one of my hater’s favs but I don’t hold that against them. Too many possible catalysts by year’s end. And of course OSTK if it gets crazy cheap AND some volatility.

    ALWAYS eager to hear your picks as well. GL.
  • J
    Jerry
    In a recent Crypto Mode article, reporter JP Buntinx provided an overview of the Exodus digital security's trading debut on the tZERO ATS. Buntinx highlighted, “Exodus made a smart decision by listing its token on tZERO, one of the most recognized platforms for security token trading today. It is also a platform that provides easy access to existing and new listings. Its overall volume rose strongly last month, indicating the demand for exposure to security tokens is rising.”
    Bullish
  • B
    B
    WOW. OSTK never holds gains. When is this OSTK stock going to take off. That's why I am holding dry powder until this stock takes off. OSTK is way undervalued. Should be at least $120 per share. Good luck.
  • N
    NICK Charts
    Tues note: Over the past two days, so many analysts are jumping on the “correction” wagon (that I mentioned last week) that it will become self-fulfilling. Truly, a negative reinforcement loop, like one bird on the ground being spooked (and jumping) then the other birds jumping only because the first bird jumped. It’s really like that sometimes on Wall St.

    Yes, the market and OSTK will eventually be higher but I moved into cash to both protect profits and buy multiple bargains on dip.

    When big traders think a correction has started, everyone will run for the doors to sell, adding to the problem. Google these articles for specifics why the birdies are getting ready to jump:

    “Big investors are starting to get worried: B of A survey”

    “Morgan Stanley sees a potential 10% correction happening soon”

    “Deutsche Bank expects a market correction of between 5% and 10%”

    Even Cramer said last night that he expects a correction specifically after Sept 17 (no, I don’t think he’s a genius but he does have experience and a lot of contacts). I was surprised he put an exact date on it.

    The articles list multiple reasons for a correction (and I have my own) but that doesn’t guarantee it will happen. I know many here hate numbers, charts and algorithms but they are a reality on Wall St so why ignore them? And if you can both protect profits and buy stocks later at a discount, why not?

    The CPI number this morning was okay (not great) but this narrow churning action and low volume (for many stocks) are yet another indicator of a shift coming. Be nimble and GL.
  • J
    Jerry
    GM from Roma, and GLTAL Today.
    The tZERO Group, Inc. has announced that the trading of American Common Films Stock will begin on September 27 on the tZERO ATS. This marks the first over-the-counter traded company to move to trade on the tZERO ATS.
    Bullish
  • M
    Marjorie
    Wooo, Where did all the volume come from!!!
  • G
    GRace
    OSTK remains oversold and needs to go up. Fundamentals remains strong and no change in story. I hope you are taking advantage of these low prices as OSTK remains a triple digit stock. Have a nice day and stay safe everyone.
    Bullish
  • J
    Jerry
    Dear JERRY,

    We are writing to inform you that a new digital security has been added to the tZERO Markets platform. EXOD (Exodus Movement, Inc.) will begin trading at 9:30am ET today, Tuesday, September 14, 2021.

    What is Exodus?

    Founded in 2015, Exodus is a Delaware corporation that has developed a non-custodial cryptocurrency software platform. It has grown to serve over two million users through its non-custodial, multi-asset software wallet where users can securely manage and exchange cryptocurrencies.

    What is the EXOD digital security?

    Exodus closed its Regulation A+ Public Offering on May 5, 2021. The company issued 2,733,229 shares of its Class A common stock and raised $75 million in gross proceeds. EXOD digital securities are digital representations of Exodus shares.

    The digital security, EXOD - Exodus Movement, Inc., and the risk and disclosures associated with the token can be found on the EXOD digital security page in the tZERO Markets portal

    GM and GLTAL
    Bullish
  • J
    Jerry
    Exodus’ Security Token Pops Off During First Day of Trading on tZERO
    Niceeeee
    Bullish
  • L
    Lisa
    rare gift #cde #hl #exk, iridium seeker
    wont see this for a while
    G.L.T.U. Sheriff Lisa
    Bullish
  • j
    john
    Dont worry @Jerry We got this today..
  • J
    Jerry
    FWIW, but do your own DD, that said, I know what I own (read article)
    Overstock And tZERO: Multiple Upcoming Catalysts Could Drive 75% Upside With Short Squeeze Fueling The Fire
  • J
    Jerry
    Sold today and then added

    Dear Jerry

    The following order executed on 09/16/2021 at 3:39 PM, Eastern time:

    Account: 3779
    Transaction type: Buy
    Order type: Limit
    Security: OVERSTOCK INC DELAWARE (OSTK)
    Quantity: 2,000 share(s)
    Price:* $69.99

    *Some prices may be truncated. If your order executes in multiple lots, the price shown represents the average execution price. For full details, see the trade confirmation for this order.

    GLTAL
    Headed home, train to Venice tomorrow. I’m okay with today. Have a good night
  • O
    OhioKen
    OSTK is undervalued. Repeat. OSTK is undervalued. Keep saying it. Oh, and OSTK follows the Nasdaq.
  • J
    Jerry
    Headed to Airport, keep the fort down while I am away @john, @Marjorie, @OhioKen, and all the rest of the Longs

    Dear Jerry,

    The following order executed on 09/14/2021 at 10:36 AM, Eastern time:

    Account: 3779
    Transaction type: Buy
    Order type: Limit
    Security: OVERSTOCK INC DELAWARE (OSTK)
    Quantity: 2,000 share(s)
    Price:* $69.99

    *Some prices may be truncated. If your order executes in multiple lots, the price shown represents the average execution price. For full details, see the trade confirmation for this order.
  • C
    Christian
    We might actually be pacing for 1M volume today which would be the first time I've seen that in weeks from what I remember, let's hope the turnaround from market uncertainty starts a bigger uptrend.
  • J
    Jerry
    Overstock beats out Wayfair in BofA's check on online retail
    Sep. 7, 2021 7:32 AM Overstock, Inc. (OSTK) By: Clark Schultz, SA News Editor
    Bank of America picks up coverage again on Overstock (NASDAQ:OSTK) with a Buy rating and price objective of $89. OSTK is called an e-commerce player that should benefit from an ongoing structural to more goods being sold online. Underpinning OSTK's strong position, BofA forecasts online sales in the $200B US home furnishings industry to grow from 17% of the market in 2019 to 27% in 2021 and 34% by 2025.
    "Under new management, OSTK has exited unprofitable categories, deconsolidated a resource intensive blockchain business and turned the company’s focus on profitably growing the core furnishings segment," writes analyst Curtis Nagle.
    Nagle and team think OSTK's initiatives to improve merchandising, logistics and marketing efficiency and early stage international and government contract ventures, can help the company grow revenues 13% per year and adjusted EBTIDA at a 28% rate from 2021 to 2023.
    Bullish