Sunday, March 27, 2011

Back in 2000, Justin Raimondo wrote an article called “An Electronic Pearl Harbor?”

Back in 2000, Justin Raimondo wrote an article called “An Electronic Pearl Harbor?” about curious Kosovo war-

related hacker attacks and the role of Network Solutions, the then-monopolist of Internet domain names.

Interested readers can revisit this story in Sold Short: Uncovering Deception in the Markets by famed short-

seller Manuel Asensio.

Short-sellers are, essentially, people who bet that certain stocks will fall. It’s risky business; a stock can

rise more than it can fall so gains are limited but losses are theoretically unlimited. And as the old trader

ditty says: “He who sells what isn’t his’n, must buy it back or go to prison.” Short-sellers have a bad

reputation but during the height of the millennial excesses, while the Feds were chasing a New Jersey high

school student, Asensio was uncovering deception in the markets and posting the information for free on his

website (much like 4mbtsale.com posted warnings about the domestic terrorist threat while the government was

busy aiding jihad in the Balkans).

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