Replies to post #25657 on DD Support Board and Research Team

[janice shell]

"The floating"?? What is "the floating"??

It's been known forever that options market makers were shorting OSTK stock naked as a hedge. At that time they had a legitimate exemption allowing them to do so. When the SEC removed it, they covered.

What's interesting about the documents in question is that the brokerages and the MMs were angry about what was going on; they didn't like it one bit. That kind of puts paid to any theory holding that the practice was common.

And of course now OSTK is in the toilet. Why? Because it's a badly run company.

[medchal]

"So Patrick Byrne is still a loon, and is still making things up about the fraud committed by the banks and brokers?"  Yep, pretty much!

It's interesting to read all that stuff about some of Goldman's nefarious trading activity, but none of it had anything much to do with the swan dive of Overstock's share price, which was supposedly the origin of the damages asked for in the lawsuit.  Only a loon spends millions of his stockholders' money pursing illicit activity for the sole purpose of cementing his Hero status among the ignoranti.

[janice shell]

Strange that none of the 107% shorted interest, shorted by Goldman ALONE, was not showing up on the monthly short interest reports. Very strange!

Are you sure about that? I think you're wrong. OSTK was most definitely on the Reg SHO list. For a very long time.