Comment by kjsingh
3 days ago
What no one touches is that he used to unmask the devil and also let the regular folks (if they trust him) take short positions just like he did. Sort of Robin Hood with weak reference.
3 days ago
What no one touches is that he used to unmask the devil and also let the regular folks (if they trust him) take short positions just like he did. Sort of Robin Hood with weak reference.
That's not how that works. They take out short positions and then release the info to profit off the drop when they announce. Announcing publically is how they make their profit, not them letting you in on it. Informational advantage is their entire strategy.
Apropos user name ;)
Damn thats clever.
I mean that's the whole business of a short seller.
Take a big short position, then spread the bad news. Hopefully, it's true: the stock drops, and you make a mint. If you fail to spread the news, or you don't get the facts right, the stock goes up and you lose.