Alış
OSTK bounces from all time lows
I suggested a few days ago that 
OSTK was a risky play, but it has bounced very nicely in the last couple of days and now is a whiff below $4.
Recent positive events:
- Jonathan Johnston, CEO, buys 30,000 shares yesterday at $2.6
- Appointed a permanent CFO in the person of Adrianne Lee, from Hertz NA
- Patrick Byrne, ex CEO, is now able to buy the stock after his lockup expires (6 months after he was ousted)
- E-commerce is well positioned during the COVID-19 lockdowns
- there are 7,590 open interest puts expiring tomorrow - likely they have been sold and someone may be interested in them expiring worthless
Given the stock has no debt and a good amount of liquidity to withstand the turnaround in retail, while BTC price is also bouncing to the $6,000s (furthermore strengthening the Medici portfolio), the stock is on a good path up but remains not for the faint of heart, given that the sudden drawdowns have been brutal to shareholders.
OSTK was a risky play, but it has bounced very nicely in the last couple of days and now is a whiff below $4.Recent positive events:
- Jonathan Johnston, CEO, buys 30,000 shares yesterday at $2.6
- Appointed a permanent CFO in the person of Adrianne Lee, from Hertz NA
- Patrick Byrne, ex CEO, is now able to buy the stock after his lockup expires (6 months after he was ousted)
- E-commerce is well positioned during the COVID-19 lockdowns
- there are 7,590 open interest puts expiring tomorrow - likely they have been sold and someone may be interested in them expiring worthless
Given the stock has no debt and a good amount of liquidity to withstand the turnaround in retail, while BTC price is also bouncing to the $6,000s (furthermore strengthening the Medici portfolio), the stock is on a good path up but remains not for the faint of heart, given that the sudden drawdowns have been brutal to shareholders.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.