Jump to content

Overstock Shorts Tired?


Parsad
 Share

Recommended Posts

Are the shorts on Overstock finally covering and moving on to other pastures?  The short interest which was at 5.5M shares at May 30, 2008 is now down to 2.8M at April 30, 2009.  Alot of the noise on various message boards has subsided to a din, and Overstock has barely put out any sort of significant rebuttal to the hoard of journalists who previously were on a rampage. 

 

The most recent piece of crap written, is by purported forensic accountant Tracey Coenen, on her blog.  She says she's pretty much tired of covering Overstock and Patrick Byrne's attacks on such ethical and noble journalists such as Jim Cramer, Herb Greenberg, Joe Nocera and Gary Weiss...pphhhhphhhttt! 

 

http://www.sequence-inc.com/fraudfiles/2009/03/11/in-agreement-overstockcom-sucks-and-patrick-byrne-is-wacky/

 

Even Sam Antar seems to have quieted his garrulous attacks on Overstock and Byrne on the various message boards.  I wonder what other targets these guys have picked?  What is the next big score...could it be Interoil?  Cheers!

Link to comment
Share on other sites

Perhaps with all the overleveraged companies with slowing business out there the shorts no longer need to manufacture (short and distort) the bust and therefore are in the process of moving on to easier kills... ;)

Link to comment
Share on other sites

i am sorry guys but ostk was (is) a good short and a bad long.  its not a good business and the ceo is nuts.

 

The shorts have been saying that for five years...it's still around.  In actuality, anything is a good short at some point in time (even Berkshire), but that doesn't mean it isn't a good investment at various points in time as well.  Cheers!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...