Posted on 09/19/2006 7:50:15 AM PDT by bryedge
Buying on margin is not illegal shorting.....
Never said it was and your continuous efforts to misrepresent the facts is telling.
It is your inability to imagine that there might be a crook on Wall Street speaks volumes of your naivete'.
There is PROOF the SEC has been covering up crimes. Who do you think is committing those crimes.
To disregard that Overstock has been the Threshold list for nearly two years is pure foolishness. The stigma alone would be enough to frighten off the uninformed investor, and the lack of enforcement by the SEC is enough to frighen off the informed investor.
By the way, once again, your rationalization of the entire sector doing badly, which I cannot confirm, has nothing to do with the issue of ILLEGAL TRADING.
For someone holding themself so far above the rest of us, you do seem to have a major problem staying on subject.
What are you hiding?!
What issue would that be? That Dr. B is brilliant? Even his father doubts that. Fighting "Sith Lords" is not what some imagine he should be focused on as his companies shares are dropping from 2004 highs.
There is PROOF the SEC has been covering up crimes. Who do you think is committing those crimes.
Crooks, no doubt.
To disregard that Overstock has been the Threshold list for nearly two years is pure foolishness
Not disregarding anything. Since going public the big O has not had one profitable year and forecasts slower growth this year still.The company keeps losing money and can't seem to manage profits as it's revenues grow - thats when investors sell short. In the start of 2006 the big O was the one of the heaviest shorted companies, possibly due to the high demand for shares to be borrowed and sold short. So, on the surface it would look like Dr. B. may have a point about naked shorts - but has no defense for his looney antics.
Hmmmmm, man he is a genius.
Your comments do NOT address the issue of illegal trading.
Your comments do NOT address the issue that the SEC is covering up crime.
Your comments do NOT address the systemic risk in DTCC policy to allow naked short selling in the first place.
What you do is misinform, misrepresent, and defend criminals, which speaks volumes to your credibility.
No one ever did plant drugs on the guy and that body never surfaced. I guess he outsmarted them ;)
I never once defended corruption at any level - in fact without your blinders you see I acknowledge crooks do bad deeds. It is just not likely in this case.
So shallow.
The story is not so much about Hatch's fear for Byrne's safety, but WHY he has those fears. You should have tried to read the entire article.
Hatch's fears are due to the corruption that Byrnes is uncovering. The crooks are very rich, powerful, and dangerous. The corruption is ILLEGAL NAKED SHORT SELLING.
(not margin trading, short selling, baseball cards, stamps,....)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.