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- 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 confirmed to buy. Ask yourself why ? Token will then trade with limited liquidity on closed system via sole BD.
- Engineering token price higher is simple and would leave OSTK with potential apparent value of multiple billions. The stock price will react accordingly.