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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Kevin Podsiadlik who wrote (92217)8/18/2005 9:46:07 AM
From: rrufff  Read Replies (2) of 122087
 
Another post with no substance and merely an attack. I guess I hit a nerve.

If I were an Overstock shareholder, I would agree that Byrne is probably bringing way more heat and using resources that may hurt the company. As I said, I admire him for doing it but agree that there are some issues with respect to the job of crusader that will conflict with his job as CEO. I suppose the rationale is that if he is successful in "outing" the hedgies and their arse kissing supporters, it may lead to a higher share price.

As I posted, I'm not an owner of the stock although I think their service is great.

As to knowledge of the market, I don't think being a hedgie defender shows that one has that knowledge. It certainly doesn't lead to being a great predictor of how issues will be resolved or what the truth is. Remember all the posts defending the "Batman defense?" Remember the defenders of extortion claiming that such things could never exist. Remember the cynical calls for acquittal, even jury nullification based on the greater good that the Batman defense implied?

Alas, proven wrong, but perhaps the illusion of posting on a thread with a friendly audience kept those blinders in place.

I disagree with your last line. I doubt that new investors would invest in Overstock based on "get shorty." For every one who would, there are probably many like myself, who would avoid it, even though I would have contemplated the stock in the past.
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