Stock Chart

OSTK - Take advantage of the short squeeze

05/10/2010 11:15 PM by Hesperian

Overstock.com is one of the most well-known POS companies, and they are the loudest corporate whiners about short selling.

They are run by a truly insane CEO, plus they have a PE of 72.4, a debt/equity ratio of over 5, an Altman - Z score of -1.97, and a history of financial control problems.

Lately they've had a bit of a short squeeze rally since they've reported their first profitable quarter. However, they are far from out of the woods, and I predict this rally will be short-lived, like previous rallies.

I'm shorting Overstock.com tomorrow. And the higher it goes, the more I'll short. This is a certified POS.

Rating:
5

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  • 05/11/2010 12:53 AM by Dave Pinsen

    Who has been buying this -- and why?

    Rating:
    4
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