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Overstock.com: A Dumpster Fire Waiting To Happen

Overstock.com stock price has run from $ 15.95 on August 2nd this year to a 12-year high of $ 65.70. If closed Monday this week at $ 46.10. The incredulous run-up in OSTK was ignited when OSTK decided to grab onto the coattails of the cryptocurrency mania. The company announced on August 8th that it would begin to allow shoppers to pay with Bitcoin and other cryptos. Then in October, OSTK announced that its tZero subsidiary would, along with two JV partners, launch an alternative trading system for ICO-issued crypto-coins. The announcement further fueled OSTK’s remarkable stock move since August. […]

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