Overstock.com: The Benefit of Cyber Monday

12/02/2008 12:29 pm EST

Focus: STOCKS

Tim Bourquin

Co-Founder, The Traders Expo and The Futures & Forex Expo

As you might have imagined, Overstock.com (NASDAQ: OSTK) had a nice run up prior to “Cyber Monday” yesterday.  Although it was down yesterday on larger than usual volume, this might be an opportunity to get in.

It is definitely trading below its 50- and 200-day moving averages, so this is a high-risk play.  However, a day trade in OSTK could yield a dollar or more per share if it bounces back from profit taking—especially if the sales numbers come out better than expected, as they did for retail stores on Black Friday.

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