“If the stock price is going down, now is the time to buy!”
In this case — NO. The stock went down 80% last year. I wouldn’t touch this stock ... and I never base investments decisions on politics.
https://www.fool.com/investing/2019/01/20/heres-where-things-went-wrong-with-overstock-in-20.aspx
2018 they went all in on selling/gen administrative costs, mostly driven by advertising and didn’t get the payback.
Looks like so far this year they’ve cut that back dramatically - down about 50% YTD in a quarter to quarter comparison. Not in the green yet, but at least they turned the ship’s direction based on the last 4 quarters.
I’m thinking of dropping a small buy.