OSTK ceo

Noticed this today: Once upon a time I sat on an editorial desk, and these two Bloomberg stories struck me as exactly how an editor/news team would gear up to follow a Milken/naked shorting story. Note the two stories listed immediately one after another on the BB website this weekend:

The first is a very broad backgrounder on naked shorting. Nothing really new here - just looks like an opportunistic exercise to have one or more reporters get up to speed on the issue.

http://www.bloomberg.com/apps/news?pid=20601109&sid=a387ALHm8OlU&refer=home

That story was immediately follow by an interview with Milken that is oddly appropos to absolutely nothing. Typically reporters will use these kind of fluff interviews as a vehicle for getting close to a source that could prove valuable on different stories at a later date.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aet7nPFPv79s&refer=home

My gut tells me Bloomberg news is positioning ahead of a possible story. Whether they see something that isn't already out is another question ...
 
Quote from BlueHorseshoe:

Noticed this today: Once upon a time I sat on an editorial desk, and these two Bloomberg stories struck me as exactly how an editor/news team would gear up to follow a Milken/naked shorting story. Note the two stories listed immediately one after another on the BB website this weekend:

The first is a very broad backgrounder on naked shorting. Nothing really new here - just looks like an opportunistic exercise to have one or more reporters get up to speed on the issue.

http://www.bloomberg.com/apps/news?pid=20601109&sid=a387ALHm8OlU&refer=home

That story was immediately follow by an interview with Milken that is oddly appropos to absolutely nothing. Typically reporters will use these kind of fluff interviews as a vehicle for getting close to a source that could prove valuable on different stories at a later date.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aet7nPFPv79s&refer=home

My gut tells me Bloomberg news is positioning ahead of a possible story. Whether they see something that isn't already out is another question ...
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You're very good. I don't understand the relevance of Milken connection, unless they hook him up with this. But I know reporters are making calls and such. Nice call.
 
Overstock Desperate?

8/11/2006 9:52 AM EDT
According to July data from comScore, Overstock (OSTK) saw a 17% year-over-year decline in unique visitors, compared to +11% for Amazon (AMZN), +23% for eBay (EBAY), and an average of +7% for eCommerce sites. Also, Overstock page views only rose 3% year-over-year vs. an average 10% gain for the industry.

In addition, Overstock continues to offer substantial discounting to generate sales and traffic. Just a few of the offers I've seen:

* 8% off entire order
* 10% off entire order for new customers
* $20 off $200 purchase for new customers
* 15% off $125 purchase
* $1 shipping sitewide

Doesn't look like things are turning around just yet for this company. Lousy shorts!

From Michael Comeau of RealMoney.com
 
Quote from flytiger:

This is Cramer's lackey. For someone who doesn't hold a postion, he sure posts alot about OSTK.

Let's just settle the trades
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fly??? dont you get it yet? this thing is too big. you're going to lose. it is already decided. complicit media, complicit sec, complicit senators/congressmen.... your only hope were the AG's and they dont give a shit. its over... you have watched it. next will come false/flag terror event(s) blamed on the muslims. market tanks... the shorts either cover or laff. game over pal. and you still believe the neocons are on your republican side. come on... you know this game better than most, but you still dont get the politics.

think about this for awhile. those option spikes pre 9/11.... why did bloomberg remove the info ??? where did that money lead to? why did the media drop it. no one ever claimed those profits. why? who did it lead back to?
 
Interesting post, RB. I hear from a very interested party in Utah that if we knew what happened behind the scenes there to scuttle the Utah settle or die law, we'd be "cynical". It's not over yet. People count him out too soon.

Other stuff in the works. It's so agregious, so greedy, filthy,... Look at the BMY stuff as reported by Gasparino. They are getting stupid with greed. I know it looks bad, but believe me, some very bad shit is coming down. If you, RB, knew what I knew, you'd puke.

For a media that prides itself on liberalism, protecting the Citizen, ranting against Government, they are a disgrace. There coverage is shoddy if not outright corrupt.

Watch this space in the near future. We may have some interesting developments happening before Labor Day.

This is truly of historical significance. It will dwarf Enron, research, all of them. Trillions. It's trillions.

Whether you love or hate Citron, You take huge fees, then naked short 5mm into the IPO???!!!?!?!!!? Come on.
 
Quote from flytiger:

This is Cramer's lackey. For someone who doesn't hold a postion, he sure posts alot about OSTK.

Let's just settle the trades
More...

Hmmm, seems like your panties are in a wad. Maybe its you who has the position in OSTK. The guy is just stating the facts. Trying to dismiss these facts by calling him a Cramer lackey doesn't really display much intellect on your part does it?
 
don't own any, and i've seen enuf of his posts to understand the game he's playing.

I haven't seen you post anything worthwhile that you've come up with. Have at it.
 
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