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Overstock.com Fights Naked Shorting
- Thread starter flytiger
- Start date
it's interesting how the Feds go after Martha Stewart and leave poisonous slithering snakes like these running around. People like these are destructive to good democracy and capitalism.
Byrne says he believes White Papers are floating around where the manipulators tell the bad guys where to go. I'm not going to spin something I know. They don't do the job.
Look at the Sedona post I made. They had a board member who was an SEC commish way back in 1960. These are the problems.
They are horrendous.
William Donaldson, Chair of the SEC. Founder of, of all firms, Pershing? Shee.
They do let scum run. And one agency blames it on the rest. That's why we are going to the States.
Look at the Sedona post I made. They had a board member who was an SEC commish way back in 1960. These are the problems.
They are horrendous.
William Donaldson, Chair of the SEC. Founder of, of all firms, Pershing? Shee.
They do let scum run. And one agency blames it on the rest. That's why we are going to the States.
I love a good conspiracy theory as much as the next guy but what you miss is that the market is bigger than anyone, and any cabal.
There are billions of capital run by value managers who slobber over themselves when they see an underpriced asset. They'll even take it private if they can and bring it back down the road.
The fact that none of them antied up when CALM crashed through support at $10 shows you this thing is a dog fundamentally.
You can cry wolf all you want, your theories just don't make sense. Good companies that are throwing off cashflow and have a positive future will not get ground down in the long run in the market.
btw I know Henry, he's a nice guy but not exactly the brightest bulb on the chandelier.
There are billions of capital run by value managers who slobber over themselves when they see an underpriced asset. They'll even take it private if they can and bring it back down the road.
The fact that none of them antied up when CALM crashed through support at $10 shows you this thing is a dog fundamentally.
You can cry wolf all you want, your theories just don't make sense. Good companies that are throwing off cashflow and have a positive future will not get ground down in the long run in the market.
btw I know Henry, he's a nice guy but not exactly the brightest bulb on the chandelier.
Quote from flytiger:
Here is a fund rebutting an article wrote on CALM by none other than Herb Greenberg. Cal - Maine is an egg producer. They are family run. Patriarch Fred owns some 8mm shares, son in laws, etc work in the company. By January, the stock was 86% short. It was down from $25. At $12, Peter McKay wrote a someone postive article in the WSJ. The stock went straight to six. I 've spoken to them. I warned them that if they don't fight, they'll go to zero. They are just nice people from Mississippi who employ some 200 folks. Their mistake? They went to Wall St. to raise some money at $25. They did pull the deal. Coincidence.? You think Bryne is crazy? How would you like your family business to be treated like this?
By the way, if this fund bought the stock in August of last year, I hope they sold. You couldn't have beaten these guys back then. For you guys arguing OSTK has no fundies, what do you say about this situation.?
Is Herb Greenberg really this good? Can he spot situations that crater like this? How is he drawn to these seemingly miniscule, insignificant situations? Could Bryne be right.? could someone present him with a "white paper" and say, "this one is next?"
As the previous poster said, "fasinating".
http://www.marketthoughts.com/zs20040804.html
Overstock is over priced and will not be a great company at all.
check out Cuban's blog as well as Jeff Matthews' blog. Cuban in apparently short 10k and trying to find more to borrow.
Transcript of the Byrne rant:
http://jeffmatthewsisnotmakingthisup.blogspot.com/
Transcript of the Byrne rant:
http://jeffmatthewsisnotmakingthisup.blogspot.com/
Quote from Babak:
check out Cuban's blog as well as Jeff Matthews' blog. Cuban in apparently short 10k and trying to find more to borrow.
yeah i am going to do what this clown says. he wants to know how he can Naked Short because he doesn't know how. LOL LOL LOL
"In the interest of disclosure, I am short 10k shares of OSTK. I want to be short more, however the stock is impossible to borrow, the puts are expensive and itâs hard to get any volume off and I donât know how to Naked Short a stock. If you or anyone you know has naked shorted a stock, or knows how or where I can,I would be curious to find out how itâs done, so please feel free to add it as a comment below."
good find babak !!!!!!!!!!!
HEY MARK, GIVE MM A CALL !!!!!!!!!!!!!