Overstock

[TRS]

I have been wondering why OSTK has been run up lately to an overbought area. With no fundamental change in their business that I can see, even ComScore shows OSTK Feb YOY traffic down -15.6%.
This may the reason?
60 minutes may be doing a topic that involves OSTK (maybe), that alone may have shorts covering their positions. Seems like no one has shares available to short.

Sunday, Mar. 26, 2006
BETTING ON A FALL – Investment pools for the very rich are known as hedge funds. One of the major ones is being accused in a lawsuit of spreading negative information about a major company and then betting on its falling stock price. Lesley Stahl reports. Janet Klein is the producer.

[TRS]

Wrong company, just found out it's a Canadian pharmacutical company Biofil (sp). Thought it may have been OSTK and Rocker that has been getting alot of attention lately.