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The Daily Show’s Misguided CNBC-ish Take On Short Selling With Help From OverStock.com Conspiracy Theorist Idiot Patrick Byrne

March 21, 2009 at 2:36 pm
by Timothy Sykes

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Forget about Cramer vs. Stewart, did you guys happen to catch The Daily Show’s battle with short selling a few days ago?

Ripping on CNBC & the whole manipulative Money Honey thing (remember THIS is what Bitchy Bartiromo realllly looks like), The Daily Show interviews the I-don’t-know-how-to-run-a-business-so-I’ll-blame-short-sellers-for-my-incompetence OverStock.com CEO Patrick Byrne & The Disciplined Investor Andrew Horowit (no “z” anymore)

Short selling isn’t evil or unpatriotic, our nation just has a ton of idiots and sentimentality will get you nowhere on Wall Street….survival of the fittest, as always, shed no tears for the passing of dinosaurs.

Watch the video and a.) get angy that I wasn’t on it as I’d rip that honey bee bitch apart and b.) understand that Horowit was up last year and dominated the MSN joke of a Strategy Lab, a competition in which false guru Ken Kam proved how much he sucks–see results HERE

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Stay tuned, my girlfriend and I are gonna put together a more realistic video on short selling…I despise misinformation.

Posted in Adapting, Short Selling

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  • Timothy Clemans

    Congratulations Andrew for surviving a Daily Show interview!

  • Timothy Clemans

    Congratulations Andrew for surviving a Daily Show interview!

  • cash

    What a fucking joke. This has me so pissed off. I can not wait to short something come Monday morning with a huge smile on my face.

  • cash

    What a fucking joke. This has me so pissed off. I can not wait to short something come Monday morning with a huge smile on my face.

  • Josef H

    Good job Andrew! He and the silly bee lady was too funny giving “high fives”. LOL. Don’t know why the hell she is reporting on Short Selling … I don’t believe she knows anything about it.

    Andrew had it right about Crocs. A company that make one type of expensive rubber shoe and whose stock is over $50 a share. It was only a matter of time before the market realized that Crocs was an over-valued company. If I were trading Stocks and/or Penny Stocks back then, I would have jumped on the boat with Andrew and would have ride that short until the very end.

  • Josef H

    Good job Andrew! He and the silly bee lady was too funny giving “high fives”. LOL. Don’t know why the hell she is reporting on Short Selling … I don’t believe she knows anything about it.

    Andrew had it right about Crocs. A company that make one type of expensive rubber shoe and whose stock is over $50 a share. It was only a matter of time before the market realized that Crocs was an over-valued company. If I were trading Stocks and/or Penny Stocks back then, I would have jumped on the boat with Andrew and would have ride that short until the very end.

  • coen

    Tim, in still wondering, does short selling really pushes stock prices down? Naked short selling would be a different story…but normal shorting for a couple of 100K dollar isnt gonna make a company go bankrupt. If a company dies, its because it sucks right..not because some ppl decided to short …right?

  • coen

    Tim, in still wondering, does short selling really pushes stock prices down? Naked short selling would be a different story…but normal shorting for a couple of 100K dollar isnt gonna make a company go bankrupt. If a company dies, its because it sucks right..not because some ppl decided to short …right?

  • http://Www.thedisciplinedinvestor.com Andrew Horowitz

    Btw

    Looks to me like there were several cut in order
    To prove points. Funny
    Andrew

  • http://Www.thedisciplinedinvestor.com Andrew Horowitz

    Btw

    Looks to me like there were several cut in order
    To prove points. Funny
    Andrew

  • http://test.timothysykes.com Timothy Sykes

    best way to counter short selling is for companies to do well…if they did, theyd squeeze all the shorts and push their stocks higher!

  • http://test.timothysykes.com Timothy Sykes

    best way to counter short selling is for companies to do well…if they did, theyd squeeze all the shorts and push their stocks higher!

  • YoungGunz

    yesh dsily show just like any other news station just cut and isolate what they need to fit whst their own biased opinion is. they wanted to make a story about short sellers being evil and destroying companies and leave a lot of film on the edit room floor. short sellers wouldn’t be shorting a stock if there wasn’t already an unbalance in their value vs their price.

  • YoungGunz

    yesh dsily show just like any other news station just cut and isolate what they need to fit whst their own biased opinion is. they wanted to make a story about short sellers being evil and destroying companies and leave a lot of film on the edit room floor. short sellers wouldn’t be shorting a stock if there wasn’t already an unbalance in their value vs their price.

  • Chef Biggsby

    Yes, it’s true that if companies simply did better they would actually make the stock price go higher. I think the problem is that this is in exchange for the stock potentially going lower in the face of some manufactured news or even just a broad market scare in which float would be liquidating their positions causing short sellers ,who have no tangible reason to sell the stock other than that they think it will go down, to all jump on the bandwagon and sell sell sell. At the end of the day what all of this really amounts to is an increased amount of volatility in the price of the stock, which is excellent for traders and not so great for companies.

  • Chef Biggsby

    Yes, it’s true that if companies simply did better they would actually make the stock price go higher. I think the problem is that this is in exchange for the stock potentially going lower in the face of some manufactured news or even just a broad market scare in which float would be liquidating their positions causing short sellers ,who have no tangible reason to sell the stock other than that they think it will go down, to all jump on the bandwagon and sell sell sell. At the end of the day what all of this really amounts to is an increased amount of volatility in the price of the stock, which is excellent for traders and not so great for companies.