The issue of Naked Short Selling stocks (NSS) is getting some airtime, thanks to the likes of loony Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne. He’s a crusader for NSS, claiming over and over that the practice almost destroyed his company. The sad truth is that NSS didn’t really do anything to Overstock.com. Byrne and his incompetent staff ruined the company all on their own, without any help from short sellers.
Still, it makes for interesting bedtime reading. I always love a good conspiracy theory.