Overstock.com Fights Naked Shorting

F

flytiger

FYI Rocker owns Street.com w/Cramer and I believe VFIN: Gradiant Analytics links http://www.earningsquality.com/homeEQ.do?action=AboutUs

Overstock.com Files Lawsuit Against Rocker Partners and Gradient Analytics;

Company President to Hold Live Webcast Friday, August 12, at 8:30 a.m. Eastern

Time





SALT LAKE CITY, Aug. 11 /PRNewswire-FirstCall/ -- Overstock.com(R) (Nasdaq:

OSTK) today announced that it has filed an unfair business practices lawsuit

against Gradient Analytics, Inc., Rocker Partners LP, Rocker Management LLC,

Rocker Offshore Management Company, Inc., David Rocker, Marc Cohodes, James Carr

Bettis, Donn Vickrey, and Matthew Kliber in the Superior Court of California in

the county of Marin. The complaint, available for download at

http://www.shareholder.com/overstock, alleges that the Defendants have conspired

to denigrate Overstock.com's business for personal profit.



(Logo: http://www.newscom.com/cgi-bin/prnh/20030520/LATU020LOGO-a)





Overstock.com President Patrick Byrne will discuss the lawsuit via a webcast

and teleconference scheduled for 8:30 a.m. Eastern Time on Friday, August 12.

To attend the live webcast and slide presentation, log on to Overstock.com's

investor relations website at http://www.shareholder.com/overstock. To listen

via telephone, please dial (800) 811-8830. Participants outside the United

States who do not have Internet access should dial +1 (913) 981-4904. The slide

presentation will be available for download at the beginning of the call.



Replay





A replay of the webcast will be available on the Internet at

http://www.shareholder.com/overstock starting 90 minutes after the live call has

ended. A transcript will be posted to the website as soon as it is available.

An audio replay of the webcast will be available via telephone starting at 1:30

p.m. Eastern time on August 12, through midnight Eastern Time on Friday, August

19. To listen to the recorded webcast by phone, please dial (888) 203-1112

(passcode: 4199807). Outside the U.S. please dial +1 (719) 457-0820(passcode:

4199807).





Overstock.com is a registered trademark of Overstock.com, Inc. All other

trademarks are the property of their respective companies.





This press release contains certain forward-looking statements within the

meaning of Section 27A of the Securities Act of 1933 and Section 21E of the

Securities Exchange Act of 1934. Such forward-looking statements include, but

are not limited to, statements regarding the time of the conference call, and

such other risks as identified in our Form 10-K for the year ended December 31,

2004, and all our subsequent filings with the Securities and Exchange

Commission, which contain and identify important factors that could cause the

actual results to differ materially from those contained in our projections or

forward-looking statements.



SOURCE Overstock.com, Inc.





/CONTACT: Media, Scott Blevins, +1-801-947-3133, sblevins@overstock.com, or

Investors, Kevin Moon, +1-801-947-3282, kmoon@overstock.com, both of

Overstock.com, Inc.

/Web site: http://www.shareholder.com/overstock

/Web site: http://www.overstock.com





(END)
 
Short % of Float 51.70%


Stock Symbol:
43.75
OVERSTOCK.COM INC OSTK
Shares Short 6.53M
Days to Cover 14
Short % of Float 51.70%
Total Increase / Decrease -6.18%
% From 52-Week High -76.41%
% From 50 Day 8.27%
% From 200 Day 0.98%
52 Week Performance 54.38%
Avg Daily Vol - 1 Mo. 0.47M
Shares Outstanding 20.31M
% Insider Holders 35.73%
% Institutional Holders 44.10%
Float N/A
Avg Daily Vol - 10 Day 0.64M
Avg Daily Vol - 3 Mo. 0.55M
Shares Short - Prior Mo. 6.96M
52-Week High (06-Dec-04) 77.18
52-Week Low (12-Aug-04) 27.65
50 Day MA 40.13
200 Day MA 43.32
Release Date Jul-2005

Calling all ET traders to gun shorts on OSTK tomorrow. Disclosure, I am long!
 
You really need to to listen to this call if you call yourself a market partic ipant. He calls out WSJ , Barron's, Herb Greenberg, Carole Remond.

If I didn't know most of this disgusting mess before, I'd say this guy was crazy. But I'm hear to tell you, this is all true. He mentions States. This is where the fight will be won. The States are on this big time. I spent an hoiur w/ a regulator today. He tells me that Patrick Byrne has it made because he has the money. But, he is willing to help the have nots.

Please listen to the call. Ok, Ok, He mentions Jim Cramer. Now, do you want to listen.??????????????????????????????????????

23% annualized my @#$%^& ass.
 
I'd be tempted to short OSTK if it was available. Byrne is far from free of fleas himself. Jeff Matthews has laid it out in devastating detail on his blog numerous times. That said, the naked shorting scandal badly needs fixing.
 
Quote from AAAintheBeltway:

I'd be tempted to short OSTK if it was available. Byrne is far from free of fleas himself. Jeff Matthews has laid it out in devastating detail on his blog numerous times. That said, the naked shorting scandal badly needs fixing.
More...

Please, if your trading in size, find a broker to short OSTK. I need more shorts soaked into the stock to steamroll by the end of next week. 50%+ of the float shorted is not enough, I am sure there are some more daredevils that want to jump in. I have word from a trader that any broker that clears with Susquehanna has them. Run and get those shorts! Do the "short busters" a favor!
 
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