Long $OSTK – Overstock Headed Sharply Higher (Despite Obvious Problems)

Long $OSTK – Overstock headed sharply higher (despite obvious problems) [timeless] As of December, short interest in OSTK hit 42%. Latest data will be released after market close today. Given recent activity, I expect short interest to hit 50-60%. The key to the rising share price is understanding what is happening behind the ICO. The “optimal” size for OSTK share price is actually far less than $500 million. Current investors in Overstock have obvious incentives to make moderate buys in the ICO, even moderate success will sharply boost value of their equity holdings. Yet some investors reportedly unable to get…