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Overstock.com, Inc. (OSTK)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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77.67+1.27 (+1.66%)
At close: 4:00PM EDT
77.15 -0.52 (-0.67%)
After hours: 07:58PM EDT
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  • J
    Jerry
    Sorry LONGS and sorry to myself, I know better, but $20,000 is $20,000

    Dear Jerry,

    The following order executed on 10/15/2021 at 10:42 AM, Eastern time:

    Account: 3779
    Transaction type: Sell
    Order type: Limit
    Security: OVERSTOCK INC DELAWARE (OSTK)
    Quantity: 4,994 share(s)
    Price:* $78.96

    *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.
    Bullish
  • J
    Jerry
    tZERO signed an agreement with WealthBlock, a provider of white-label technology solutions for 50+ crowdfunding portals, broker-dealers, private equity and venture capital firms, and other institutional owners. This partnership has the potential to connect tZERO with a wide variety of private companies, alternative assets, funds, and other users of WealthBlock’s white-label technology solution seeking to enhance their securities through digitization, offering a path towards continuous secondary liquidity through the tZERO ATS.

    tZERO Interim CEO and Chief Legal Officer Alan K. stated, “WealthBlock has a deep network of private companies and we look forward to introducing these companies to our platform for digitization and secondary trading. Our top priority is to increase the number of assets that are available for trading on our alternative trading system. Our B2B partnerships are a key element of that strategy.”
    Bullish
  • J
    Jerry
    That's it, OUT OF FUNDS (discretionary), I am ALL IN, it's buy and HODL time. 4,994 shares (not 5,000, I told you I was out of money, lol) at $75.15 average for the swing, I hope to be back at $80+, until then, you are in good hands and at this point the day to day is not going to do much for me or YOU. Hope to talk soon. God Bless and Good Luck

    Dear Jerry,

    The following order executed on 10/14/2021 at 9:34 AM, Eastern time:

    Account: 3779
    Transaction type: Buy
    Order type: Limit
    Security: OVERSTOCK INC DELAWARE (OSTK)
    Quantity: 994 share(s)
    Price:* $72.75

    *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.
    Bullish
  • N
    NICK Charts
    OSTK Wed close: $73.75 held (finding algorithm inputs aka “hits” were my job and now consult). $73.50 would also have been ok but at edge of line. At premarket and open, macro issues spooked market.

    GOOD NEWS: None of the macro issues is new and all will pass or improve vastly in a quarter or so. Multiple macro warnings and emails hit my screen today.

    The issues?
    -CPI 5 months over 5% undermining Fed’s and Prez’s “transitory inflation” argument,
    -AAPL likely to lower earnings on supply chain issues (idea is that if it can hit a $2.3 trillion company, no one is safe)
    -10-yr treasuries hit 6-month high at open, an inflationary indicator.

    Long term GOOD news: OSTK might be boring to some but is still insanely cheap. Look at PE - less than 10 while the evil empire W is at 73!! WTH??

    Not safe yet but today was not a bad test. Expect more intraday tests to $73.75 this week but long term will be good. Mini-dips are also good for swing trades. GL
  • J
    Jerry
    Voatz and the Government Blockchain Association are advocating for compliance standards to address mobile voting, and so are innovative government officials. At last month's Blockchain and Infrastructure Conference, Utah County Commissioner Amelia Powers Gardner spoke about her participation in the GBA’s Election and Voting Working Groups.  

    She points out the dilemma for election officials., "The national institutes don't have standards yet,” Powers Gardner said. “So we are coming together with those who support mobile voting, the vendors who are currently providing mobile voting, and those philosophically opposed to mobile voting.” These working groups “will be presenting these standards to the governing bodies as a place for them to start so that we can create certifications for this space.” The goal is to “have a future where voting is transparent and accessible and everybody can have confidence.”
    Bullish
  • j
    joseph
    This is one of the best stocks to day trade. So easy to predict.
  • I
    Iridium Seeker
    I hope you shorted this Lisa and the german dude. I hope to god you did. Enjoy all our smiles. That is your win for today.
  • I
    Iridium Seeker
    Today’s candle feels quite awesome. Hammering really strong as long as we close above 74. As long as market holds, we could reverse to the upside here
  • N
    NICK Charts
    RE: Why isn’t OSTK higher?? (deserves own post). Ken, sorry I missed this after crunching data. Finding algorithm hits was my job. I was a numbers guy, not a fundamental analyst. My task was to find “where next” not “why”. Just read article @Anthony posted. It’s PR but solid still. I don’t know previous PR drama and don’t care — how does it affect numbers is my concern.

    Of course, I always look at basic fundamentals and PE to me is a number along with MC, rev vs earnings, etc. Doesn’t matter if company sells dog toys or computer chips. Also performance within sector and macro data.

    The joke is that “Wall St is like high school with money”. Some companies are the prom king, more popular than they should be — looking at you TSLA w/great car but insane to justify 427 PE(!!) with flashy CEO — and others are nerds with thick glasses, even if a genius. (No, not jealous, I was in middle. Jokester.)

    I alluded to this yesterday and some of my old colleagues laughed when I told them I was jumping in/out of OSTK (among others). Seen as a dull stock but the moment will change if/when OSTK consistently beats earnings AND forward projections. Then the braces and glasses come off and the nerd dates the cheerleader. Why?

    Because money is the real prom king on Wall St. Performance changes perception — an extreme example is AAPL. I still remember when it was considered a failing company computer with a niche product, soon to be crushed or bought out. Then iPod, iPhone, etc.
  • P
    Paul
    There is No love from wall street for OSTK...revenge for previous years .
    Must change name of company Or sell to Walmart for 1share= 1 share...145$ SP and spin-off the digital assets to current share holders.
    The algos are set up against OSTK...
    The management can keep their jobs with Walmart.
    Can we get some real action by CEO...
    Get cracking on Tzero ipo or something....
    Buy back shares is old bad idea...give the shareholders the special dividend.
    Otherwise we will bestuck in the mud ..can’t fight the HF algo bots .
  • N
    NICK Charts
    OSTK 11am: Some nice candles. Going to step up early and say just like a 90’s band, it’s going to be a Green Day today.

    Not rockets but green. Risky to call this early but a few good chart signs and my bunker is ready just in case the haters attack haha.

    Like I said an hour ago, mostly a low volume morning attack since close was just too tempting to break that $73.75 line, blow out some stop losses and grab some cheap shares while scaring everyone like kids on Halloween. GL.
  • N
    NICK Charts
    OSTK tech geeks. Wed: Put up a 6-month chart and line @$73.75 closing. That has been a key level of both support and resistance when it fell below (July-Sept).

    That line must hold @close or down to next channel, $70–73. Weak volume and market not helping. IMF report blew. GL
  • I
    Iridium Seeker
    Honestly, if we retest the key moving averages and the wedge breakout at $76 before moving up, I wouldn't be mad.
  • J
    Jerry
    JJ says

    "While our in-stock percentage is not quite as high as it was two years ago, it's a lot better then it was this time last year, going into holiday season"

    "....when one supplier is out of stock....another supplier generally has a similar or the same product"

    "We never put anything on our site that's not in a warehouse and READY TO SHIP"

    "....our in-stock percentage is MUCH HIGHER than last year"

    "...we're in a GOOD POSITION with inventory

    "we only sell what we have in-stock"

    "we have over 4,000 suppliers"

    Jerry says this bodes well for Q3 and Q4 RESULTS

    IMHO do your own DD
    Bullish
  • J
    Jerry
    Let's have some fun and take advantage of no volume, w/ paper hands selling, so grab some on the cheap

    Dear Jerry,

    The following order executed on 10/11/2021 at 1:02 PM, Eastern time:

    Account: 3779
    Transaction type: Buy
    Order type: Limit
    Security: OVERSTOCK INC DELAWARE (OSTK)
    Quantity: 1,000 share(s)
    Price:* $77.00

    *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.
    Bullish
  • O
    OhioKen
    Good thing all my posts got deleted right now. I am beyond disgusted with today's action. The SEC should be all over this. People's livelihoods are at stake. I happen to know one here.
  • I
    Iridium Seeker
    Breakout confirmed!! I think we shouldn’t see too much resistance until 82, but 80 could be a strong psychological level.
  • J
    Jerry
    Overstock Scheduled to Release Q3 2021 Financial Results on October 28
    Bullish
  • I
    Iridium Seeker
    Great move up today! We are coming close to the top trendline of the falling wedge we've been in since the last week of september. Watch for a breakout. For trading a confirmed breakout, I would setup profit-taking around $82.
  • O
    OhioKen
    I will repeat a concern of mine asked last night but buried in the other comments. And I direct this to NICK. We have heard for a year now that OSTK is very cheap. The P/E would support that claim. So what will it take to give this a kick in the pants? In my opinion this has taken way too long. And I'm not so sure Jonathan Johnson has what it takes. He was being proclaimed the Savior to OSTK when I think he was simply the beneficiary of great timing with covid and all.
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