Naked Short Selling - Corruption on Wall Street

[BobbyBlueChip]

The CEO of Overstock is flipping joke! instead of running his company and making the short sellers regret it, he spends his time creating these ****ing documents that heighten emotion.

Overstock is doomed to fail, and their business plan is bunk. If you have the opportunity, short the shit out of it.

This situation has very little to do with big vs. little guy.

You can't run a Company to make the naked short sellers regret it. The stock price has nothing to do with market forces in these companies. And it has everything to do with big vs. little.

Overstock is a crappy business plan as they really only compete on price, but I've had clients who have had life-altering medications and innovative software that never had a chance due to the runs made at their stock. Their patents are picked up by bigger companies at liquidation prices. New money is handed over to old money. It costs so much money and takes so much commitment to be a public company, you would think that someone would be watching out for the microcaps.

Thanks for the link, TU.

 

[dawgball]

BBC -- all of my comments are towards the Overstock situation only. The CEO spends most of his waking hours crying about short sellers instead of trying to improve his company.

And you can certainly run a company that makes short sellers regret it. Google is a good example. Anyone who shorted them from the start would be people in the regret region of their life at this point.