The OSTK (Overstock.com) active short trade hit the first target, T1 at 61.70, today for a gain of 29.1% in just 4 weeks since entry. The entry on OSTK was posted at 87.00 on January 8th, the very day the stock peaked & a mere 3% off the highs that day. The stock continued to fall below T1  to close about halfway to the final target for a gain of 35.7% since entry so far.

The OSTK trade was covered in the recent trade ideas video & still looks good although the stock is quite oversold & the odds for a snap-back rally before T2 is hit are elevated heading into next week. T2 (48.90) remains the final target at this time. Original & updated 60-minute charts above.