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Correct me if I'm wrong, but if this was a stock or some other security, and I somehow had influence over how it is managed thus what I said could affect its va
by gtrubetskoy 11y ago
Correct me if I'm wrong, but if this was a stock or some other security, and I somehow had influence over how it is managed thus what I said could affect its value, declaring it "dead" (or soon to be worthless) AND holding interest in it (long or short) - would be criminal in most countries.
- witty_username 11y agoThen this would be illegal (the website owners have a short in Herbalife). http://www.factsaboutherbalife.com/ http://www.factsaboutherbalife.com/ I think as long as you disclose your position in the stock/security, you can say whatever you want.
- shawn-furyan 11y agoIndeed. People who specialize in shorting stocks, bonds, etc. live on the cycle of finding dirt through thorough private research, shorting the stock, and then publicizing the dirt. This is actually one of the mechanisms that Efficient Market Theory relies upon for disseminating market information. If you could only benefit from assets increasing in value, then there would mostly be negative incentive for anyone to try to expose companies that are weaker than the market assumes them to be.