OSTK ceo

thenewguy · Sep 19, 2005

Quote from SWScapital:

True. Thats why I believe OSTK management is only concerned with holding current levels and not really interested in letting the mkts do its thing.

that's not the impression I get from reading his confernece call transcripts. He pleads several times to let the market determine the stock's price. I tell you, he's not hyping his company, he's VERY candid about the direction it's going. More so than any CEO I've ever listened to. I really think he's trying to fight the good fight for the rest of us as investors, and as entrepeneurs. You have to realize, that the VERY probable outcome of this is bad for Byrne. He started a fight that is very likely to lose him and his father a whole lot of money. Let's hope Gieko keeps it up....

-The New Guy

SWScapital · Sep 19, 2005

Quote from thenewguy:

that's not the impression I get from reading his confernece call transcripts. He pleads several times to let the market determine the stock's price. I tell you, he's not hyping his company, he's VERY candid about the direction it's going. More so than any CEO I've ever listened to. I really think he's trying to fight the good fight for the rest of us as investors, and as entrepeneurs. You have to realize, that the VERY probable outcome of this is bad for Byrne. He started a fight that is very likely to lose him and his father a whole lot of money. Let's hope Gieko keeps it up....

-The New Guy

Maybe, maybe not. All I know is a CEO`s job is to cheerlead and have come to expect the exact opposite of everything they say.

Just to clear things up I never said naked shorting was OK...I just said value will withstand any sort of manipulation over time.

thenewguy · Sep 19, 2005

Quote from SWScapital:

Maybe, maybe not. All I know is a CEO`s job is to cheerlead and have come to expect the exact opposite of everything they say.

Just to clear things up I never said naked shorting was OK...I just said value will withstand any sort of manipulation over time.

The thing that really impresses me about this case is that Byrne is operating on a level that people are not getting. Everybody's making fun of him for his references, but they all mean something. This sith lord crap is hilarious... he's telling us who he's talking about, and those of us who have been around for a while recognized the reference immediately. But people just make fun of him and call him crazy. Sharp as a tack, that boy is, even if he did take on a fight that he's a massive underdog in.

Right, i didn't think you were. I didn't even understand the quote before yours about the "shorts providing a bottom" for the stock or something... I guess I don't understand shorting the way that guys does.... but for the record, i think we all agree, shorting is great, naked shorting is bad....

-The New Guy

ratboy88 · Sep 19, 2005

Quote from SWScapital:

that first quote isnt mine brain child....

gosh... is that why it says "quote from vhehn???

but you referenced it and then expounded on it. not letting you wiggle out of this one brainiac. just admit you were wrong and move on.

Free Thinker · Sep 19, 2005

Quote from thenewguy:

If you read some of the stuff Byrne has put out he actually calls out Jeff Matthews on several occasions as one of the journalists who is paid to bash overstock. I am not prone to believe this, but when you read Jeff's stuff, you realize it makes absolutely no sense whatsoever, and VERY much looks like it's got only one objective, to put the fear of God into people who are long overstock. Look at how many times he repeated the line "is there a disclosure issue here?". No, there's no disclosure issue there. Nothing in that whole useless ramble even implies there is a disclosure issue there. Plus, Byrne is under an SEC investigation, do you think they'd miss that?

-The New Guy

so if byrne had a bunch of 40 calls and waited until 4:01 on friday to preannounce that wouldnt be a problem? i am not saying he did because i dont know but any company that preannounces on 4:01 on option ex day is suspect.

thenewguy · Sep 19, 2005

Quote from vhehn:

so if byrne had a bunch of 40 calls and waited until 4:01 on friday to preannounce that wouldnt be a problem? i am not saying he did because i dont know but any company that preannounces on 4:01 on option ex day is suspect.

No, of course that would be a problem. Same as any of a thousand hypothetical situations that could occur. I'm just saying that it's FAR more suspicious that JM writes massive essays about this, given that the time of the release is the only thing to go on. Seriously, read that article, it's SO obviously crap it's not even worth debating.

-The New Guy

ratboy88 · Sep 19, 2005

its funny how cnbc/nbc keeps spiking the story and then they try to hide behind journalistic integrity.

i am not making this stuff up people !!!!!!!!!!!

Free Thinker · Sep 19, 2005

Quote from thenewguy:

No, of course that would be a problem. Same as any of a thousand hypothetical situations that could occur. I'm just saying that it's FAR more suspicious that JM writes massive essays about this, given that the time of the release is the only thing to go on. Seriously, read that article, it's SO obviously crap it's not even worth debating.

-The New Guy

we know matthews owns puts so he is talking his book. if you owned september puts wouldnt you question byrnes motives today by warning on 4:01 friday?

ratboy88 · Sep 19, 2005

Quote from thenewguy:

No, of course that would be a problem. Same as any of a thousand hypothetical situations that could occur. I'm just saying that it's FAR more suspicious that JM writes massive essays about this, given that the time of the release is the only thing to go on. Seriously, read that article, it's SO obviously crap it's not even worth debating.

-The New Guy

i've said it before and i will say it again... this thing is fishier than a rosie odonnell sleep over.

SWScapital · Sep 19, 2005

Quote from ratboy88:

gosh... is that why it says "quote from vhehn???

but you referenced it and then expounded on it. not letting you wiggle out of this one brainiac. just admit you were wrong and move on.

All I said was the CEO does not understand mkt dynamics. Naked sellers could step in at the mkt with 1mm shares to go and if the comp is worth where its trading today Inst will come in and buy up the fire sale stat. I have nothing to admit to being wrong about.