About the Author

Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

See All Posts by This Author

Momentum Stock: Overstock (OSTK)

September 7th, 2007 • Related • Filed Under

Overstock OSTK

The downward pressure is finally over and the technicals confirm we have a buying situation here. There will be some volatility on this one. In my estimation, the ride up will be a mirror image of the activity seen over the past two years.

Our Recommendation: Buy shares of OSTK near $22.67. Place a stop loss at $19.75.

Good investing…

Post a Response

You must be logged in to post a comment.