New Evidence Raises Questions About Kingsford Capital - Links To TheS... -01/07/10 at 5:20 PM CSTby Mark Mitchell

A blog published by the University of North Carolina School of Journalism reported recently that Steve Cohen of hedge fund SAC Capital managed to kill a story by Reuters reporter Matt Goldstein. It seems that Goldstein was going to shed some light on allegations that Cohen engaged in insider trading. Cohen didn’t like that, and got in touch with Gol...

As All Eyes Focus on Amazon.com and Wal-Mart Stores, While Apple, Mac... -12/20/09 at 1:49 PM CSTby Reggie Abaca

Unique visitor estimates at Compete.com show that internet traffic in the month of November rose dramatically at several popular websites.  Of the largest United States online retail portals, the biggest winners in the month of November were Apple.com Inc. (NASDAQ:AAPL) which rose 39.9% and the Macy’s, Inc. (NYSE:M) website, which rose 38.6%.&n...

Wikipedia Unimpressed by Lies About Naked Short Selling and Overstock... -12/16/09 at 12:26 PM CSTby Judd Bagley

Wikipedia’s Jimbo Wales sees Gary Weiss sockpuppeting all over the internet, defending illegal naked short selling, attacking CEO of Overstock.com (NASDAQ:OSTK) Patrick Byrne, and engaging in debates using multiple identities. As is described at great length in these pages, Wikipedia has been one of the principal battlegrounds in the effort to cover...

Behind the Overstock.com Inc. Rocker and Gradient Lawsuit Story -12/08/09 at 9:27 PM CSTby Judd Bagley

Today, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. Rocker Partners also entirely dropped its own countersuit. Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne is a frequent contributor to DeepCapture.com. This is a major victory, not only for Patrick and Overstock.com, but...

TheStreet.com Inc's Jim Cramer Asks Blog to Remove Post, Apologize -11/03/09 at 10:36 AM CSTby Reggie Abaca

Stock newsletter website Wall St. Cheat Sheet received a surprise email from Jim Cramer in response to an article critical of TheStreet.com Inc (TSCM) stock.  Taking issue with author Damien Hoffman's title, "Jim Cramer Says Sell, Sell, Sell His Company TheStreet.com," Cramer wrote the following e-mail to the author, according to the website: Subject...

California Lawmakers Try To Sneak in Sales Tax on Amazon.com Inc. and... -10/22/09 at 9:22 PM CDTby Perry Rod

The Sacramento Bee reported today that California’s Democratic lawmakers and Republican Governor Arnold Schwarzenegger are working on putting in a version of the so-called “Amazon tax” into a large new California tax bill.  New York has a similar law in effect today. Amazon.com Inc. (AMZN) began collecting sales tax in New York in J...

Overstock CEO Patrick Byrne Was Right All Along, Says CNBC's Charlie ... -09/04/09 at 12:00 PM CDTby Judd Bagley

It has been long maintained at Deep Capture that Charlie Gasparino is possibly the most insightful figure at CNBC. Today, Mr. Gasparino underscored that status while on air with Joe Grano, former CEO at UBS Financial Services (HIG) and an early predictor of the current financial crisis. Grano’s interview was set to coincide with the upcoming first a...

TheStreet.com's Jim Cramer Bizarro World of Short Selling Hedge Funds -08/14/09 at 12:04 PM CDTby Judd Bagley

Within minutes of my introduction to the world of short selling hedge funds, I encountered the analogy that remains the best suited to describe the truth to which they subscribe: Bizarro World. A planet that appears from time to time in the DC Comics universe, Bizarro World is noteworthy for its utter opposition to everything associated with reality on Ea...

Former New York Times Company Contributor Gary Weiss Banned From Dail... -08/12/09 at 2:58 AM CDTby Reggie Abaca

Gary Weiss, a former contributor for Forbes, Salon and The New York (NYT) Times, has apparently been caught writing a blog on The Daily Kos with a false name and even discussing himself in the third person through an alter ego, “Tom Sykes”.  Andrew Perez, another blogger from the Daily Kos has stated that administrators have banned &ldquo...

Dendreon & Deceit: Jim Cramer, Pequot Capital -07/19/09 at 12:02 PM CDTby Mark Mitchell

“SELL! SELL! SELL!” shouted Jim Cramer on March 28, 2007. The CNBC “journalist” assured his viewers that the FDA advisory panel would vote that Dendreon’s treatment for prostate cancer was neither safe nor effective (notwithstanding the fact that the FDA had given the treatment “priority review” status because Pro...

Michael Milken, 60,000 Deaths, and the Story of Dendreon, Chapter 1 -06/24/09 at 1:38 PM CDTby Mark Mitchell

This story, like too many others, begins with Jim Cramer, the CNBC personality, making “a mistake.” On September 26, 2005, Cramer announced to his television audience the sad news (punctuated by funny sound effects – a clown horn, a crashing airplane) that Provenge, an experimental treatment for prostate cancer, had flopped. Thousan...