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I'd imagine this has something to do with it: > Overstock’s heavily shorted stock plummeted from $87 in the beginning of 2018 to about $17 today as some $1.6 b
by x0x0 7y ago
I'd imagine this has something to do with it:
> Overstock’s heavily shorted stock plummeted from $87 in the beginning of 2018 to about $17 today as some $1.6 billion in market capitalization has evaporated. Once reliably profitable, Overstock lost $206 million last year and $110 million in 2017. In recent months, Byrne fired some 400 people.
That's the context in which the ceo dumped 15% of his holdings.
- rolltiide 7y agoI treat everything like a trade. If I have shares in my portfolio even because I happened to have issued them, I trade them just like anything else I own. Do I want fiat? Sell asset for fiat. If I see an opportunity I would consider rebalancing the portfolio. Some shareholders have anxiety problems grasping for confidence from aspects that are irrelevant.