It's getting beat up pretty bad right now, but I think people are coming to realize that the retail arm was very overvalued. I don't think they're going to get nearly as much as everyone thought they were for it.

Is it time to just dump ostk and try to make money somewhere that isn't a black hole of despair?

Bonus, if I sell, it'll go up for you guys

george1992 said:

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BREwmaster said:

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Appears headed for 80's... I'm not entering these waters yet.

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LOL - that's already me in OSTK...waiting til the digital dividend squeeze.

IrishTxAggie said:

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It's getting beat up pretty bad right now, but I think people are coming to realize that the retail arm was very overvalued. I don't think they're going to get nearly as much as everyone thought they were for it.

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agree, but to me and some other longs the value isn't in the retail. The blockchain tech is a game changer and they hold the patents... but the amount of manipulation in it is enough to scare most off - I'm a stuck long at this point, riding it out until big news.

and yes like PN said, trying to chart it technically is fruitless. It's like bitcoin or gold, just does what it wants.

DXC seems to have found some support down here, huge gap to fill if you're a short/medium holder

Yeah I'm done with it. Ostk has been the most expensive lesson ever, I'll hold tomorrow and hope for a little correction from today, and then just wash my hands of it

khaos288 said:

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Yeah I'm done with it. Ostk has been the most expensive lesson ever, I'll hold tomorrow and hope for a little correction from today, and then just wash my hands of it

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Right now it's trading at what I believe is much closer to it's retail value (not adding the potential of the blockchain value). With as low as it is now, there's really no point in selling it IMO.

Oh really? Not believing the 9$ lows hype?

I wouldn't mind holding until earnings in hopes for a rebound if it truly has potentially bottomed out

IrishTxAggie said:

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khaos288 said:

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Yeah I'm done with it. Ostk has been the most expensive lesson ever, I'll hold tomorrow and hope for a little correction from today, and then just wash my hands of it

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Right now it's trading at what I believe is much closer to it's retail value (not adding the potential of the blockchain value). With as low as it is now, there's really no point in selling it IMO.

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I agree. I'm either going to get back the 33% I'm down in this stock right now or im going to lose the other 67% . I'm not getting out just so it shoots back up for everyone else. Same for Roku and a few others. I've trimmed a little to free up some cash for other losing bets but not much more.

khaos288 said:

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Oh really? Not believing the 9$ lows hype?

I wouldn't mind holding until earnings in hopes for a rebound if it truly has potentially bottomed out

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Don't get me wrong, it could very well go and test $9. But I assume some of y'all are already bag holding so much on this, that what's it hurt to wait it out a little longer?

khaos288 said:

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Oh really? Not believing the 9$ lows hype?

I wouldn't mind holding until earnings in hopes for a rebound if it truly has potentially bottomed out

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Assuming you're holding shares and not options, I agree with this and it's just a loss on paper until you actually sell it

Good point. What's another 1.40 after the huge drop

AMD 10/18 30.5s having been pretty active today. Lots of $30k-50k call blocks and sweeps.

Wish I'd bought UNH calls this morning.

$550K just spent on JD 12/20 $30 calls


Actually, I had ran back and looked at this for the entire day and ITM 1/20 JD $28 calls have about $2.5MM on the day in blocks and sweeps

JD.....who saw that coming? Not I

I't just happy that happened on a Friday because I had my usual Put options on and saved me from triple losses.

Really no idea what to expect. Trump could come back and say he accepts eliminating the small IPO's from China and chalk it up as a win - thus sending JD, BABA and the rest upward. But he could double down.

I like IPO NET on the reversal chart today. $20 Calls out to Oct 18 for a double.

Busy with expansion in Honduras, so please get a handle on the non-market interference going on out there for me.

p.s. It's the last day of the month. Window dressing day but we have a bearish flag formed. Caution

oldarmy1 said:

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p.s. It's the last day of the month. Window dressing day but we have a bearish flag formed. Caution

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Jd puts for now?

And hold PDD for the double still?

khaos288 said:

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oldarmy1 said:

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p.s. It's the last day of the month. Window dressing day but we have a bearish flag formed. Caution

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Jd puts for now?

And hold PDD for the double still?

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PDD looks ready to push upward as long as macro markets don't flush beyond the gap fill mark.

I place some new JD Puts at the money countered by $28.50 weeklies as an offset. Goal would be to make those two a wash and give time for JD to get word on no threat of delisting.

IrishTxAggie said:

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The problem with blockchain technology is that by and large, it still isn't widely accepted in the business community. It's still in it's infancy more or less. We can say that their blockchain tech is a game changer until we're blue in the face, but until more of the business world jumps onto the shift, it's just chatter.

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An indicator I'm waiting to see is the approval of a cryptocurrency ETF. Many have tried and failed. Until one gets approved, it speaks volumes to the lack of broad market acceptance.

...and of course, like all my other indicators, once that happens, it'll mean I'm too late to the party.

deadbq03 said:

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IrishTxAggie said:

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The problem with blockchain technology is that by and large, it still isn't widely accepted in the business community. It's still in it's infancy more or less. We can say that their blockchain tech is a game changer until we're blue in the face, but until more of the business world jumps onto the shift, it's just chatter.

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An indicator I'm waiting to see is the approval of a cryptocurrency ETF. Many have tried and failed. Until one gets approved, it speaks volumes to the lack of broad market acceptance.

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For me that's not the big one in blockchain tech. Crypto may one day be big, but blockchain itself is much more intriguing. Digitizing everything -- imagine a digital wall street, with 100% accountability. But this is why the big push back and why OSTK is enemy #1. Many brokers routinely lend out more shares than they own...naked shorting still happens. Many reasons to like a fair and digitized market. IBM is also interested in blockchain from what I've read. There are a lot more uses, that's just one example.

SFIX reports tomorrow after hours and had a big day today and still going in AH trading...may be worth a weekly call to follow the money

SFIX reports earnings ATC.

Good bye Robinhood.

I won't close out the RH account yet, but I might be opening a Schwab account

That's the downside of changing the market place, others will eventually follow

gougler08 said:

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That's the downside of changing the market place, others will eventually follow

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Yep. This will follow the same way as Netflix. They were the first, but they won't be the last.

For the record, I am extremely extremely bearish on Netflix for the foreseeable future. Their cash bleed is huge and they're going to lose a ****load of subscribers when Disney+ and Apple TV+ get going. Their original content costs are out of control and they're not going to be able to keep a lot of the leased content in the coming years.

Boy you are not lying. I bought in at 385ish and saw it fall and when it came back to 370ish I sold it all. I saw the same thing you did and was lucky it rebounded enough for me to get out. Best job I have ever done of cutting my losses.

Prognightmare said:

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SFIX reports earnings ATC.

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Gaps up 6% today prior to earnings

TD Ameritrade down 20% right now

YNWA_AG said:

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TD Ameritrade down 20% right now

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I might be a buyer here soon...This is huge over reaction.