LONG $OSTK

17. Sept. 2018

As we can see from the above chart, overstock as been down significantly since its peak in February. Since I began analyzing this stock, it is clear that it runs closely with the cryptocurrency market as it announced it would be implementing this on their online platforms (blockchain and cryptocurrency capabilities). After diving deeper, I believe this stock will rally coming into the next earnings season if the fundamentals look good considering their revenues have been up year after year this idea isn't far fetched. This also could be a potential buy out opportunity in the future with a larger competitor such as amazon.