WSJ.com - Overstock's Chief Restates View That Market Favors Amazon:

"WASHINGTON -- Overstock.com Inc. Chief Executive Patrick Byrne said he doesn't hold a short position in the shares of Amazon.com Inc., but he recently did buy more of his own company's stock, and he continues to endorse the logic that led him to short Amazon shares a year ago."

Mr. Byrne, who bought 20,000 shares of his company's stock last week, was among three Overstock insiders who bought a total of 41,000 shares for an average price of $48.08 a share, or nearly $2 million total. The company's shares fell 34 cents at $53.60 in Nasdaq Stock Market composite trading.

The Overstock chief executive created a bit of a stir last February when he disclosed the purchase of about $13 million of his Salt Lake City-based company's stock and said publicly that he had also sold short the shares of Internet retail competitor Amazon.com.