Patchie

NYT Smears David Einhorn, Again

Whitney, Apparently you missed all those NYT Articles providing the free advertising and promotions for Einhorn. Typical short seller - focus heavily on the negatives to distort the picture.

As for your "short seller whine" of woe-is-me, think about it. Short sellers do not simply short a stock, they short it and then punish the company thereafter in the media and in nasty letters to the board. Short sellers also take up position and whine to the SEC for an investigation. Short sellers don't simply take up a position and see how it turns out, they manufacture an outcome so they can move on thereafter.

Now on that note, you don't like Patrick Byrne because he goes after the short seller who ILLEGALLY shorts a stock (don't confuse/distort his efforts against illegal shorting with his admission that legal shorting is necessary for the markets). Isn't what Byrne doing EXACTLY what you pat Einhorn on the back for doing? Einhorn has been dead wrong on Allied based on several federal investigations and yet he continues anyway - because it is HIS opinion. Byrne does the same, without any federal vidication for his accused, and you cowards (including the media) attack the messenger. Answer this, why has the aggregate daily dollar value in failed trades increased from $3.4 Billion daily in January 2005 to over $8.4 Billion in March 2008 if the industry is taking trade settlement seriously and acting legally?

I say the real issue here is that you do like to be able to speak your mind but that you find issue with others doing the same if it differs from yours.

Strong, Sudden Interest In Lehman Puts

And shortly we will see the destruction of Lehman in a manner similar to Bear Stearns. This is the threat that will cause panic in the near future. This is the simply putting the steak in for seasoning before Wall Street eats yet another one of it's own.