Gaucho

Overstock's Q1 Spin Hides Some Worrying News

The WEISS Hachette JOB
This guy is a tool. Check out his unbiased BS bashing of Overstock!
He says
1 “Byrne has been doing stuff that didn't seem quite rational” Ohhhh watch out he CEO is crazy
2. “Overstock is the target of yet another investigation, this one a grave criminal probe by not one but five counties in northern California.” My count is 2 including this one and the previous came up CLEAN. Just goes to show how the hedge funds have a hand in government. I like the word GRAVE and yet he does not detail the alleged misdeeds of Overstock. The CEO said he will cooperate and supply all the info requested. He is aware that another Hedge Fund initiated witch hunt is being started.
3. “active probe of its accounting that has been slowly chugging away by the SEC for the past two years.” Half truths, the SEC withdrew its probe.
4. “even while it was churning out a press release putting a spin on a libel suit filed recently against the company.” Well that guys filing the suit are in court now trying to delay the case against then in California for 3 billion dollars for market manipulation, naked short selling, and planting (in collusion with the hedge fund) false stories in the media. This suit is a stalling tactic since disclosure was granted to Overstock and the next step is the court case. For 3 Billion dollars I guess I would try and delay , especially if I was caught red handed and my own ex-employees were testifying against me.
5. “swift disclosure of piddling stuff like criminal investigations.” Wow we went from an inquiry to criminal probe. I guess for Weiss getting laid is the same as getting married and having a baby. Isn’t it something that the news is release the same days as OSTK approached break even. I guess you could try and hold down a rally especially if you held a huge naked short position.
6. “hyped by Byrne in the earnings release that the stock took an enormous pop -- 35% at one point today” Well care to tell where the hyping occurred? Sounds like a smear to me.
7. “all but 32 cents given back by after market” Amazing how the stock goes UP $4.47 or 31.93% in regular hours and yet is up only .32 cents by the close of after hours. This is the typical BS manipulation the hedge funds do to give the impression of no interest. It is easy to manipulate a stock after hours since there is typically LOW VOLUME. It is easy to manipulate investors that don’t know this.
I wonder what OSTK CEO will do with billions? My guess he will declare a dividend of let’s say $20 per share just to screw the companies that participated in the naked short selling.