Short selling is good
Short selling sounds like a scary evil tactic employed by evil Wallstreet traders. It is not.
Stock Exchanges around the world allow short selling. If a professional investor is selling short he is sending a message that he thinks the company is worth less than the current price. If short sellers get it wrong and sell a good company then they will push the price artificially low - and another company will take it over at a cheap price. When a large number of professionals short sell the same company it means one of two things:
1. They are in an evil conspiracy out to get paranoid CEOs.
2. The company is worth A LOT less than the current price.
Overstock has made a loss in 17 out of the last 19 financial quarters, with no real sign of becoming consistently profitable. Their CEO spends way too much time on his crusade and not enough time trying to fix his company.
Hmmm... now where's my $30k?