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. Continue reading
ScipioAfricanus then brings us to the story of SlimVirgin. SlimVirgin is an administrator for Wikipedia. Judd Bagley has been known to sock puppet on Wikipedia with many screen names, and the administrators have disallowed these things. (They even went so far as to ban Wikipedia editing from all IP addresses owned by Overstock.com.)
Naturally, Bagley isn’t too happy that SlimVirgin is involved in the quest to stop him from his Black Ops which include vandalism to Wikipedia articles.
So Bagley decides to send SlimVirgin some emails laced with spyware. What’s the point? Scipio explains: Continue reading