There have been a number of stocks that tied themselves to the crypto comet in order to boost their own sagging stock prices. There’s Kodak (KODK), Long Island Iced Tea (LTEA) and, shown below, Overstock (OSTK).
Yesterday I shorted a small position of OSTK, partly because of its history of having a crazy-huge breakout and them falling, and partly out of my own experience with the actual company. My family buys stuff online pretty much constantly (our annual Amazon purchases have been in the five figures for years now). But the ONE time I bought something from Overstock was just a nightmare, and I was amazed the company was even in business (plus their CEO has some weird hangup about short sellers). So – – feh! – – I’m short.
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