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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: kailuabruddah who wrote (270)	2/7/2006 12:08:57 PM
From: ild	Respond to of 361

'Naked Short-Sellers' Target OverstockOverstock.com CEO Says Company Stock Has Been Targeted by 'Naked Short-Sellers' By ELLEN SIMON AP Business Writer NEW YORK Feb 4, 2006 (AP)— Overstock.com Inc. has problems, and its CEO wants you to believe they're your problems, too. Patrick Byrne, the Internet retailer's chief executive officer, has called short selling of his company's shares essentially a bet their price will fall a conspiracy orchestrated by a "Sith Lord." He later likened the conspiracy to an organization structured like al-Qaida and said his stock has been targeted by "naked short-sellers," a practice he said has ties to Italian, Russian and Israeli mafia. It's a practice, he maintains, that should worry other corporations and their shareholders. This has attracted a great deal of attention, much of it incredulous. Overstock has more easily proven problems, clearly visible in its financial reports. more at the link abcnews.go.com