OSTK has been inundated with negative news since founder and former CEO Patrick Byrne stepped down in August. The stock has seen some intense volatility.
Shorting the stock has proven profitable recently. There is still time to be short, despite the heavy losses already sustained.
On September 16th, OSTK plunged through its 9-Day MA and has been in freefall ever since. There is nothing keeping it from falling further until long-term support at $9.00.
Shorting the stock has proven profitable recently. There is still time to be short, despite the heavy losses already sustained.
On September 16th, OSTK plunged through its 9-Day MA and has been in freefall ever since. There is nothing keeping it from falling further until long-term support at $9.00.