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Wow, someone appears to be a bit sensitive to the recent light shed on his classic "big news" post.


Here he is trying to talk himself out of some potential hot water:

..._____I'm curious. Does anyone else here actually believe Tam's claim that when I knew about a big Overstock story coming in the press I would go on a message board to post, "Big story breaking next 24 hours"? Anyone? Bueller?

_____Sorry to disappoint, Tam, but Mr. Alsin does not keep me advised of his publication schedule. I'm pretty sure I was as surprised as anyone else when his story ran, and while from my few interactions with him I hold him in very high regard, I don't think that I would have anticipated one of his columns as a "big story" in any case. I recall that long ago I disclosed what it was that I was referring to, right Tam?

Where, I wonder, is this face- (or neck-) saving "disclosure," as to what Patrick was talking about. I haven't seen a single clarification from Hannibal100 in any of the posts made under that user name on this board subsequent to the original "big news" post -- and I just read every single one of them.

There's plenty of hypocrisy, however. Here he is decrying the sleazy practice of releasing news in order to move a stock (

People should ask themselves a question. Imagine a hedge fund calls a lapdog analyt firm like Gradient, pays them some money, and then dictates a report that the Gradient "monkeys at typewriters" type and release. What could the hedge fund's motivations be? Do they want that report themselves? No: it doesn't say anything that they don't know. Obviously, the only explanation is that they wanted the report written to move the stock.

Is that anything like promising message board posters a major news story the day before a pump piece comes out on your company? Anything like talking about share buybacks only days after having sold shares? Anything like urging unfortunate OSTK bagholders to call in their certs?

(About the only textbook useless short-fighting gimmick we haven't seen is some kind of dividend or stock dividend scheme.)

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