In defense of truth on Overstock
Overstock.com (Nasdaq: OSTK) CEO Patrick Byrne has made a lot of hay about so-called corrupt analysts and their alleged ties to journalists. So I find it interesting that he hasn't piped up to denounce the latest fish story about Overstock, this one appearing on TheStreet.com.
It regards a fund that has "bet big" on Overstock, one run by money manager Arne Alsin. Alsin, you will recall, has in the past written some amusing Overstock puff pieces, like this one, containing predictions that, in hindsight, are shown to have been utterly wrong. Or this one, which is yet more disturbing, because it was published the day after Byrne promised investors a "big story breaking, next 24 hours" on our boards...