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There's a chart that says "Morgan Stanley caught red handed with a massive short book" - but isn't this exactly what they're supposed to do with the "greenshoe"
by human20190310 7y ago
There's a chart that says "Morgan Stanley caught red handed with a massive short book" - but isn't this exactly what they're supposed to do with the "greenshoe"? I.e., oversell the offering by taking a short position themselves, then buy it back later to move up the price?
- venantius 7y agoThey went further than the greenshoe - Matt Levine has a great post breaking it down (see the second section of his post here: https://www.bloomberg.com/opinion/articles/2019-05-15/wework-separates-buildings-and-beer https://www.bloomberg.com/opinion/articles/2019-05-15/wework...).