Fell Over

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Back on January 26th (the lifetime top of the stock market, as it turns out), I wrote a piece called Overhyped in which I suggested shorting Overstock. I liked the chart, and as I said in the post: “But the ONE time I bought something from Overstock was just a nightmare, and I was amazed the company was even in business (plus their CEO has some weird hangup about short sellers). So – – feh! – – I’m short.” So far, so good:

OSTK

I’d say there’s plenty room left on the downside.

slopechart_OSTK

Now that we’re into a new month, allow me to offer you a munificent wish……..(clears throat)..….may your profits in March be as copious and apparent as Hope Hicks’ makeup.

hope