Oldtent Archives 2007 - 2008

I know, wasn’t OSTK on Reg SHO list for months?

Speaking of Reg SHO has anyone noticed ECU Mining has been on the list lately?

Thankfully gold is keeping inflation down (for us).

Hey, Data is doing a cameo on Star Trek tonight.

Auric

Not sure what ever happened to the suit but here is a little background on it.

http://www.forbes.com/2007/02/02/naked-short-suit-overstock-biz-cx_lm_0202naked.html 

Naked Short Victim 

Overstock.com filed a $3.5 billion lawsuit in California state court Friday accusing 10 of the largest U.S. securities firms of participating in a “massive, illegal stock market manipulation scheme” to distort its stock.

The Salt Lake City online retailer, whose Chief Executive Patrick Byrne has been crusading against stock market trading abuses not just in Overstock shares but as a broad, pervasive market problem, said the banks’ actions caused “dramatic distortions” in how Overstock (nasdaq: OSTK - news - people ) shares were traded and lead to a dramatic decline in its price.

Overstock shares are down 77% in the past two years.

“These manipulative activities have caused tremendous damage to Overstock,” Byrne said in a statement Friday. “I believe that this conduct is harming our company and our shareholders deeply.”

Overstock’s lawsuit says the amount of stock that was improperly shorted has exceeded the company’s entire supply of outstanding shares. “It’s about rigging the system,” says Overstock’s attorney, James Christian.

Overstock’s suit names Morgan Stanley (nyse: MS - news - people ), Goldman Sachs (nyse: GS - news - people ), Bear Stearns (nyse: BSC - news - people ), Bank of America (nyse: BAC - news - people ), Bank of New York (nyse: BK - news - people ), Citigroup (nyse: C - news - people ), Credit Suisse (nyse: CS - news - people ), Deutsche Bank (nyse: DB - news - people ), Merrill Lynch (nyse: MER - news - people ), and UBS (nyse: UBS - news - people ) as defendants. None of the defendants had any immediate comment on the suit.

This great,ignition is taking place for our up move AND we are going to have an election in Belize. Prime Minister let the forces know he will spring the election early.It will be before March 1 so quite possibly in mid or even early Feb. But our guys are ready and it is actually to our advantage. I better catch an early plane and teach a crash course in Chi Town vote counting[lets see ,we got 5 rivers and five districts hmmmmmmm]
The chairmans satellite is up today and he is lurking. He says hello, and is getting help in figuring out the dials and switches. Don’t worry Wanka I gave him no assistance …I don’t want to ruin the man before he even gets started. HAaa

www.prisonplanet.com/articles/december2007/101207De-Facto.htm

LOL!

And I almost forgot….CCI closed at a new all time high today.

JBI

Foreign aid might be defined as a transfer of money from poor people in rich countries to rich people in poor countries.
-Douglas Casey, Classmate of Bill Clinton at Georgetown University

Yes…I remember that lawsuit…a couple of cnbc types involved.  Not surprisingly…little to nothing heard as to the outcome…or is it still in progress?

overstocks’s guy said that?

makes me want to return all the christmas gifts i’ve bought thus far and start over shopping exclusively on his site. and here i was about to give up on corporate america.

Sad but true…no doubt about it.  Enough to make one stop thinking and start drinking.

I saw that and he was right on with what he was saying.  He is the same guy who was suing several companies a couple of years ago for NAKED SHORTING of his stock.   Have a good evening!

Looking sweeeeeet to me!

And GOLD is not looking too shabby either, with its 300 DMA now at $678.83, still rising and at another All Time High.

Cheers!

Goodnight, everyone.

JBI

PS - Lincoln, Oh Lincoln! Are those not two high flying flags I see?

on CNBC with overstock.com CEO Patrick Bryne last friday.. Not one to mince words :

he says the U.S. is on the  verge of a 1929-kind of disaster and has been “living in a house of cards”.. Also said the economy is  ”like an old man in an oxygen tent” and we are “on the edge of a global financial meltdown,” and that the economy has been propped up by cheap credit for five years.

Is this guy a tenter or what? It’s kinda funny how Maria reacts to “the house of cards” comment..Also Ratigan is so clueless here.

 Anyways, coincidence or not OSTK was hammered today..You can watch the interview here :

 http://www.youtube.com/watch?v=m-TLfmLTiqA

Thought that was pretty interesting considering it is the NWO crowd. Maybe he figures the NWO will be in full effect by 2011?