OSTK Posted Our Short at $60 It's Now $35 Not Covering Yet Looking for a minimum of $25 but if you've been short from our $60 call you can certainly cover here and it's a major home run if you bought deep in the money put options back when we first posted this name as a short. $OSTK #Bitcoin #Fintech
0KDU trade ideas
OSTK - Rebound to low 40'sLong period of selloff due to SEC complications about the tZero Cryptocurrency and Medici Ventures. There is a shortterm uptrend mostly confined within the regression trend, with two noticeable spikes outside of the field. We are currently at the base of the regression signalling a possible return to positive movement leading towards the 23rd at the target price of 41$ (a 10.8% potential gain). on the FA side the SEC has agreed to meet with the OSTK team to discuss regulation proceeding forward, meaning the current lawsuits are unlikely to have longterm implications past the current Price suppression.
Current: 37
Target: 41
Stop: 35
Basis: Oversold due to SEC regulations and Lawsuit over past months, which on SEC confirmation of meeting together to discuss lawful proceedings. Low end of Regression trend with potential to move higher.
$OSTK We Called a SHORT @ $60 It's Now $36 We'll Cover at $25$OSTK We called this is a short at $60 a while back we plan to cover at $25 but if you took this short at $60 you can cover right here and have a home run. #trading #bitcoin #blockchain #fintech #crypto
5th waveabc and 5 waves up to d is how I think this will play out.. Just my thoughts.. 5th is coming soon
Long OSTK, contrarian swing, 2 week time frameTraders are overwhelming Bearish and shorting $OSTK. Great profits have been made and today borrow costs were again increased. I believe a near term bottom is in sight, as the stock has trade to technically oversold levels as measured by RSI. Should Crypto's rally significantly, or ICO investigation is completed, or e-commerce biz is sold, shares will trade materially higher as shorts buy shares to cover. This is a contrarian idea, as momentum and setiment remains strongly bearish. PT is 40, time frame is 2 weeks. Stop loss is down 7% or $29.29
Good Luck Trading.
Head and ShouldersCharts are indicating bearish direction, especially with the head and shoulders setup. With the $40 mark unable to hold, it looks like we will see lower prices from here.
$OSTKdo you not realize this company does not have money and have been dishonest in BO rhetoric to keep stock price high. CEO should be jailed for deceiving comments
$OSTK Looking for a 50% DROP in this name eventually to $25$OSTK this name is headed for a SEVERE DROP of over 50%
Wall Street Pump and Dump Game at its FinestWhat a beautiful money making scheme Wall Street has mastered!
$ostkPB will have to come clean on BO that all are focused on. Very difficult to believe BO when Wayfair was taking share from them. Poor platform and none competitive. Platform can be easily duplicated. No one needs to buy them. This company is insolvent, IMO. Just look at the none arms length loan that they converted to family members from a solid banking arrangement... Higher interest rate given to family and interest only payments. Clearly that is a company that cannot meet it's obligations. Don't be fooled. I have been taken before and the SEC should be investigating, IMO. Stock has massive H&S
Overstock short setup
Overstock second head and shoulder break. lets see how deep it will go.
First we speculate to see the retest of the neckline. Then it should tank a little bit.
Please make your own research for how deep it could go, but i wouldn't mind see it in the low 30's.
Like always
May the markets be with us
UNDERSTOCKED? Blockchain Hypetrain DerailedOverstock had a big big run into the winter with blockchain and ICO talk.. tons of new money jumped in thinking it would be the blockchain darling of the street... No real earnings and the tail-wind risk of being a 'blockchain only' company puts a lot of risk-on when holding that.. it seems to move at the mercy of the crypto markets.
Right now crypto & bitcoin market caps are bleeding in a overdue correction, couple that with the SPY & NQ pullbacks today and i can see this re-tracing back to $51 and $42 potentially.. Long term i think they can find their footing but the $80 valuation was nutty
Overstock(OSTK) Head and Shoulder PatternI am no expert by any means and had fun with this one. This is my first time using TradingView and it is going to be so handy in the future! I have been studying numerous patterns/trends and wanted to potentially illustrate a head & shoulder trend in Overstock. Hopefully, I can become much more tech savvy with this and create a more detailed analysis.
Summer is calling OSTKNotes are on the chart. Please ask if anything is confusing. Movements are dependent on bitcoin hitting certain milestones - 12k (like now), 14k (in the next two - 4 weeks) and 17k in mid-late April. I'll be using this chart for any updates.
