One Step Ahead

[1eagle1]

Third, there are a few of “journalists” who act as though they are on the short-sellers payroll. The theory is that a hedge fund naked shorts a stock, then calls on a few journalist to write hatchet jobs (stories which often turn out, in retrospect, to have had no substance whatsoever). The stock goes down, and the hedge fund makes money. Is there collusion? We might see that when a hedge fund shorts, the same three or four financial journalists step up and bash whatever he shorts. Are the reporters paid to do this? Since the short-sellers typically have offshore hedge funds, it would certainly be possible to pay off reporters under the table, outside the US, and none would be the wiser. So there is no way of knowing. But generally anyone who speaks out about it is accused (by those same journalists) of being a conspiracy theorist. .....

http://www.anumati.com/blogs/anumatiblog/archive/2005/02/19/Overstock_CEO_Patrick_Byrne_Suspects_Fou...