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Overstock |
TRS Veteran Poster

Joined: 11 Aug 2005 Posts: 188
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Posted: Sun Mar 26, 2006 10:10 am Post subject: Overstock |
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I have been wondering why OSTK has been run up lately to an overbought area. With no fundamental change in their business that I can see, even ComScore shows OSTK Feb YOY traffic down -15.6%.
This may the reason?
60 minutes may be doing a topic that involves OSTK (maybe), that alone may have shorts covering their positions. Seems like no one has shares available to short.
Sunday, Mar. 26, 2006
BETTING ON A FALL – Investment pools for the very rich are known as hedge funds. One of the major ones is being accused in a lawsuit of spreading negative information about a major company and then betting on its falling stock price. Lesley Stahl reports. Janet Klein is the producer. |
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Overstock Replies |
TRS Veteran Poster

Joined: 11 Aug 2005 Posts: 188
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Posted: Sun Mar 26, 2006 12:35 pm Post subject: |
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| Wrong company, just found out it's a Canadian pharmacutical company Biofil (sp). Thought it may have been OSTK and Rocker that has been getting alot of attention lately. |
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