Anti-social Media with Judd Bagley Exposing User-Generated Discontent

24Aug/080

Dan Loeb is Mr. Pink and more

I. Daniel Loeb, manager of hedge fund Third Point Partners
The Silicon Investor stock message boards have Mr. Pink.

The Yahoo Finance stock message boards have Mr_Pink_esq.

In this legal filing, hedge fund manager Daniel Loeb admits that he is the Mr. Pink of Silicon Investor.

According to this Wall Street Journal story, Loeb insists that he is not Mr_Pink_esq of Yahoo Finance.

Loeb, as it turns out, is not telling the truth, and here’s how I know it:

On Yahoo Finance, Mr_Pink_esq manually signs all his posts, as either “Mr. P$nk” or “MP”.

Mr_Pink_esq is the only message board poster who signs his posts as Mr. P$nk…with two important exceptions: ricardo_ferberger and senor_pinche_wey.

ricardo_ferberger
On the fourth post of his short career, ricardo_ferberger signed this post to Yahoo’s MEDC stock message board “Mr. P$nk”.

Interestingly, the post expressed a point of view that ran 100% counter to the strawman arguments typical of each of ricardo_ferberger’s previous three contributions, but was entirely consistent with Mr_Pink_esq’s well-established hostility toward MEDC.

Almost immediately, another poster asked ricardo_ferberger why he had used Mr_Pink_esq’s signature. Ricardo_ferberger responded by claiming that he had copied and pasted the entire text of this post by Mr. Pink on Silicon Investor – signature included.

Unfortunately for ricardo_ferberger, the post he claimed to have copied from Silicon Investor was actually time-stamped 14 minutes later than the Yahoo post that supposedly drew from it.

Two conclusions can be drawn from this episode:

  1. Ricardo_ferberger and Mr_Pink_esq are two aliases belonging to the same person.
  2. That person is also Mr. Pink on Silicon investor.

Because we know Mr. Pink on Silicon Investor is hedge fund manager Daniel Loeb, it stands to reason that Loeb lied when he told the Wall Street Journal that he was not Mr_Pink_esq.

Senor_pinche_wey
Though it went entirely ignored at the time, on one occasion, Yahoo Finance poster senor_pinche_wey also signed a post as “Mr. P$nk”.

Senor_pinche_wey@yahoo.com is the email address used by a former participant of several message boards dedicated to Ashtanga yoga – the style Loeb is known to practice.

Shockingly, even enlightened Ashtanga yoga practitioners have their limits, and – like so many on Yahoo Finance – many lost patience with Senor Pinche Wey. So much so, that one brilliant poster took steps to capture Senor Pinche Wey’s IP address, only to discover that it traced back to Third Point Management.

Indeed, senor_pinche_wey is Daniel Loeb.

This is significant because, as explained in an earlier item, senor_pinche_wey is the (previously) anonymous Yahoo message board poster whose defamatory writings led to a lawsuit and, ultimately, unfortunate legal precedents affirming the rights of childish and abusive stock message board trolls.

Now, for a little running up of the score.

As proof that old habits die hard, in this post to the India Divine Ashtanga Yoga message board, we see Senor Pinche Wey engage in an impressive act of logical contortionism as he tries to explain why he occasionally signs his posts there as “MP” (which is, as mentioned above, how Mr_Pink_esq occasionally signed his posts on Yahoo Finance).

II.Robert Chapman, manager of Chapman Capital
In the same Wall Street Journal story mentioned earlier, it’s revealed that Robert Chapman, manager of hedge fund Chapman Capital, posts on Yahoo message boards as bobbingbargain.

Based on evidence referenced in the same story, it’s apparent that Chapman also posts on Yahoo Finance message boards as kidstockjoec and LaseriumQueen.

A lexical analysis and the dissembler sorting algorithm reveal that the person behind kidstockjoec is also behind disgustedinvestor, tautologicaltrader, notably_absent, herniatedgorilla, and ghaulty_lodgick.

4Aug/08Off

Gary Weiss knows what Joe Knows

How did Gary Weiss come to know the substance, sentiment and timing of one of New York Times business columnist Joe Nocera's most vicious attacks against opponents of illegal naked short selling, long before it was published?

We asked Joe.

Joe doesn't know.

It all started on January 10, 2006, when Business Week writer Tim Mullaney clumsily fell into the very trap he had set for Overstock.com CEO (and Deep Capture reporter) Patrick Byrne. You can read all the gruesome details here and then here.

One week later, Gary Weiss launched his blog. We know from emails between Weiss and Floyd Schneider (read this to learn how I came to posses them) that at about that same time, Weiss began trying to convince journalists and editorial columnists to pen attacks on opponents of illegal naked short selling, particularly Patrick Byrne and Bob O'Brien (whom Weiss calls "Bob O'Baloney"), the pseudonymous author of the highly influential Sanity Check blog.

Weiss did this with little success, until February 22 of 2006, according to the following two emails Weiss sent to Floyd Schneider:

From: garyrweiss@verizon.net
To: Floyd3491@aol.com
Subject: Re: (no subject)
Date: Wed, 22 Feb 2006 18:34:19 -0500
Received: from unknown (HELO maincomputer) (garyrweiss@verizon.net@70.23.60.180 with login) by smtp101.vzn.mail.dcn.yahoo.com with SMTP; 22 Feb 2006 23:34:15 -0000
-----
Incidentally, don't tell nobody! -- but was preoccupied today. Interview with Joe Nocera of the Times for his Saturday column. Seems he is focussing on the naked-Mullaney situation. Mullaney tells me Nocera is sympathetic. We shall see......
Mullaney obviously is extremely nervous but me, I am fairly pleased I must say. I was... oh... shall we say unfavorable toward our Mr. O'Baloney.
The above is confidential!

Followed shortly by...

From: garyrweiss@verizon.net
To: Floyd3491@aol.com
Subject: Re: (no subject)
Date: Wed, 22 Feb 2006 18:56:25 -0500
Received: from unknown (HELO maincomputer) (garyrweiss@verizon.net@70.23.60.180 with login) by smtp102.vzn.mail.dcn.yahoo.com with SMTP; 22 Feb 2006 23:56:21 -0000
-----
Yeah, well I want to shift on to be a little quiet and modest between now and Friday. Yes, O'Baloney seems to have run up the white flag it would seem, at least for the time being. I think the SABEW blog seems to have brought him to reality. That is what was picked up by Nocera, by the way. This is totally my doing! Yuk yuk yuk.
The Mullaney thing really touches a raw nerve, you know.

Based on the above, we can conclude that at least three days ahead its publication date, Gary Weiss knew all about Nocera's February 25, 2006 column Overstock's Campaign of Menace.

Note, in the first of the two emails, Weiss insisted that "The above is confidential!"

This is with good reason, as it's considered a serious breach of ethics for a business writer to reveal the nature of his or her coverage of public companies to outsiders ahead of time, lest the information be used to the advantage of an unscrupulous investor (ie, "trading ahead" of the story).

And yet, Weiss knew. And boasted about knowing.

Recently, Patrick Byrne asked Joe Nocera to comment on this apparent ethical misstep.

Here is Nocera's response:

From: Joe Nocera
To: Patrick Byrne
Subject: Re: that gary weiss email
Sent: Thursday, July 17, 2008 11:31 AM
-----
I have no idea why Mr. Weiss would make those claims, nor has he ever had any "inside information" about any of my columns. I don't give out such information. all best, Joe Nocera

I welcome Joe to explain how reality, and his apparent interpretation of it, can possibly co-exist.