Gary-gradient aside, it seems to me the recent price action in ostk indicates someone is trying to buy enough stock to get Byrne kicked out, or have a say in the suit-so it appears that the street isnt sitting too easily with the lawsuit,regardless of SEC action with Gradient.
That's an interesting theory, but assumes that someone with half a brain would buy this particular stock at its current levels. I can't see anyone buying a stock just for the joy of ousting an inept CEP.
Think his dad might ?
He didn't get to be CEO of GEICO by flushing his money down the toilet.
And Byrne is mysteriously silent ... but it looks like you can expect Judd Bagley to ramp up his harassment of you and other critics on behalf of Patty. He's paying for a sponsored link on google for your name again, this time pompously referring to himself in the third person like he's Rickey Henderson
Sponsored Links
Someone hates Judd enough
to blog about him and little else.
Judd knows a lot about Gary Weiss!
antisocialmedia.net
i was trying to be funny...clever..sorry
Bio -- the "recent price action" in OSTK doesn't seem to me to be sufficiently dramatic to require such a theory. The stock had one good day, February 6. Call it the OGD.
Perhaps this was litigation speculation. When I say this, I don't imply that Mr. Market thinks the litigation has merit, only that there is/was a chance some of the deep pocketed defendants will pay Overstocka nice chunk of change to do away, at some point down the road, and in the meantime, their customers are speculating on that possibility.
But let's return to the chart. Before its OGD, the stock was trading in a narrow band betweem $14.50 and $15.25. Since then, it has again settled into a narrow band, betwen $17 and $17.75.
And trading volume has returned to the levels it was at before that OGD.
It seems to me that if a serious effort of the sort you hypothesize were underway, we'd see more action than this.
Nasser
Seems alot of people with put options are going to lose big if it stays in that range...Rocker is among them.
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