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Can you give an example? Would you do something like, short your stock and then tank your business?
by shostack 10y ago
Can you give an example? Would you do something like, short your stock and then tank your business?
- mikeash 10y agoExactly like that. And you could usually arrange it so the tanking was temporary, so you could then cover your short, buy a bunch of extra stock, and then bring the business back to life. For example, you could stop all your trains for a while, let the lack of revenue cause massive losses, then once your stock price was sufficiently low, restart the trains and resume business.
- sevensor 10y agoOh, absolutely! In some scenarios you could enrich yourself by driving the business into the ground and manipulating the stock, and then let one of your hapless competitors merge with the failing railroad while you founded a new one.