You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
OSTK ceo
- Thread starter SWScapital
- Start date
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3680841
It's Bryne. What a story we have here.
It's Bryne. What a story we have here.
Fly I hope you are in on this. Looks like things have started to get interesting. It is just amazing to watch it trade, just a few thousand shares and it pops a $ in less than a minute. If the momo money ever gets involved things could get very very interesting, the float is incredibly thin.
I watched it all day today on L2 and the price dropped back to mid 40 after the 500K block went through above the ask @41.50 on about 10K shares. Then it came roaring back with very few shares traded. Just a few thousand shares would send it up .50c, a $ and the bid today was constant and solid. I think that Brynes may be responsible for the block but it looks like covering is going on to me (at least the later part of the day). It also looks like time is running out for those that are doing the covering by the action today.
Greenberg is on it already.
I think the bears have already shot their wad. They have oversold, and it looks like the BD's are tougher on naked shorting. Lot of volatility in many SHO stocks.
How many real sellers are left, I don't know. But the stock shouldn't be at this price anyway. So I think the shorts are hung out to dry. They might be right fundamentally, but they have overstayed one time too many.
I don't see the stock gapping up, but I don't think it gets hit like you think. Some of the stuff running for daytraders have no fundies whatsoever. It's all about a paper chase now.
I think the bears have already shot their wad. They have oversold, and it looks like the BD's are tougher on naked shorting. Lot of volatility in many SHO stocks.
How many real sellers are left, I don't know. But the stock shouldn't be at this price anyway. So I think the shorts are hung out to dry. They might be right fundamentally, but they have overstayed one time too many.
I don't see the stock gapping up, but I don't think it gets hit like you think. Some of the stuff running for daytraders have no fundies whatsoever. It's all about a paper chase now.
You may be right, it was bid at $40 AH Friday with the ask at $42 so who knows as I am not sure if the news was widely known by then. Probably will be some downgrades though. I think it may move in to the mid 30's before it heads higher. At some point I think it will run , maybe on holiday seasons earnings early next year.