It has come to light that several suitors are now in play to take over the retail division, thus the rally in the stock today, which was at EXTREMELY Beaten down level. THE STOCK ALSO CARRIES A INCREDIBLE 65% SHORT INTEREST, and is just about the most expensive stock to borrow.
"Two very attractive acquirers that I would have put high up on my list have shown...
Reasons for trade:
- Confirmed MACD Divergence
- Willy Crossed 13ema, and came out of over sold
- Confirmed W in price structure on daily
Entry yesterday (June 20, 2019) @ 10.52
Conservative First target : first RLZ @19
2nd profit taking location: Larger previous 38.2 level @24
3rd profit location: previous 12month 50% retrace: 28.19
OSTK - Overnight hold nice hold on to gains here today and a really night pull back closing a little below high of day.
Best volume out of the biggest % gainers would really like to see a morning spike on monday morning would be in for a weekend hold 11.47
Buy the rumor of a retailer deal , today there was speculation of a...