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Post# of 358547
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jb1967lbk

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jb1967lbk

Re: TSXminer post# 222515

Monday, 11/06/2006 9:41:58 PM

Monday, November 06, 2006 9:41:58 PM

Post# of 358547
There is no doubt that his company was massively shorted. As it turns out, that was the right bet to make on this company.

However, the REAL problem is that there are still people out there who think today's events are the consquence of people shorting Overstock.

Overstock didn't walk off a cliff today because people shorted its shares. People shorted its shares because they realized the company was about to walk off a cliff.

"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital

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