mm_mk
mm_mk t1_j6i7wnz wrote
Reply to comment by [deleted] in Gautam Adani lost US$31 billion in one of the biggest weekly drops ever by hussmann
It's not stock manipulation. They reported their short position in the data. They did exactly what shorts are supposed to do from a market health perspective. They are supposed to profit because if they didn't, there would be no incentive to investigate bullshit companies
mm_mk t1_j6l817g wrote
Reply to comment by vampiretrades in Gautam Adani lost US$31 billion in one of the biggest weekly drops ever by hussmann
From investopedia: >There is some grey area here. For example, a professional short-seller may accumulate a short position and then publicize the reasons for shorting the stock. This seems perilously close to a short-seller's version of a pump-and-dump scheme, in which a speculator hypes (or bashes) an investment for personal gain.
>There is a distinction, however. The short-seller in this example reveals the personal financial stake at the time of the recommendation. And, the information conveyed by the short-seller reflects a genuine fact-based view of the outlook of the stock shorted rather than a falsehood intended to mislead.