Long $OSTK – Overstock Headed Sharply Higher (Despite Obvious Problems)

Long $OSTK – Overstock headed sharply higher (despite obvious problems)

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• As of December, short interest in OSTK hit 42%. Latest data will be released after market close today. Given recent activity, I expect short interest to hit 50-60%.
• The key to the rising share price is understanding what is happening behind the ICO. The “optimal” size for OSTK share price is actually far less than $500 million.
• Current investors in Overstock have obvious incentives to make moderate buys in the ICO, even moderate success will sharply boost value of their equity holdings.
• Yet some investors reportedly unable to get confirmed to buy. Ask yourself why ? Token will then trade with limited liquidity on...
  

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