Comment by kjsingh
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.
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.
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.
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.