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You can profit from shorting and be completely wrong. All you need to do is convince the market that you're right long enough for the price to drop and cover y

You can profit from shorting and be completely wrong. All you need to do is convince the market that you're right long enough for the price to drop and cover your short.

ivanhoe 7y ago
And then you get charged for fraud, SEC doesn't take these things lightly... with this much public attention you'd have to be crazy to try to pull of a scam like that hoping to get the money without showing any proofs to the claims...
- jcranberry 7y ago
  Might as well go to the SEC's offices and beg them to fine you.
- bduerst 7y ago
  SEC only fines short and distorts if the information being shared is proven false. Hyperbole isn't fined.
  - robrenaud 7y ago
    Do you believe that these anti-GE claims aren't credible?
    - garmaine 7y ago
      I don’t know enough to comment on that, but the point is that so long as they are based on a shred of truth, even if over emphasized, it is hyperbole not fraud.
      - bduerst 7y ago
        Precisely. Short sellers can't spread deliberate, provably-false information, but the SEC doesn't care about exaggeration.
darawk 7y ago
Sure, but do you have any idea how hard it is to convince the market of something that isn't true about a company the size of GE?
- deleted 7y ago
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- deleted 7y ago
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- slg 7y ago
  It can't be that hard if you have some credibility you are willing to sacrifice. If this report turns out to be complete BS, they still could have made over 10% return in a single day by the way the market reacted today.
  - cma 7y ago
    Wouldn't the liability from libel me much higher than the conceivable gains?
  - darawk 7y ago
    Nobody with any capital in significant amounts is going to take this report at face value. They're going to investigate the claims on their own before they make any moves.
    - rebuilder 7y ago
      Thats neither here nor there. The market already moved.
      - darawk 7y ago
        Sure, because people decided the claims were credible.
        elliekelly 7y ago

You can profit from shorting and be completely wrong. All you need to do is convince the market that you're right long enough for the price to drop and cover your short.

ivanhoe 7y ago

And then you get charged for fraud, SEC doesn't take these things lightly... with this much public attention you'd have to be crazy to try to pull of a scam like that hoping to get the money without showing any proofs to the claims...

jcranberry 7y ago
Might as well go to the SEC's offices and beg them to fine you.
bduerst 7y ago
SEC only fines short and distorts if the information being shared is proven false. Hyperbole isn't fined.
- robrenaud 7y ago
  Do you believe that these anti-GE claims aren't credible?
  - garmaine 7y ago
    I don’t know enough to comment on that, but the point is that so long as they are based on a shred of truth, even if over emphasized, it is hyperbole not fraud.
    - bduerst 7y ago
      Precisely. Short sellers can't spread deliberate, provably-false information, but the SEC doesn't care about exaggeration.

darawk 7y ago

Sure, but do you have any idea how hard it is to convince the market of something that isn't true about a company the size of GE?

deleted 7y ago
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deleted 7y ago
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slg 7y ago
It can't be that hard if you have some credibility you are willing to sacrifice. If this report turns out to be complete BS, they still could have made over 10% return in a single day by the way the market reacted today.
- cma 7y ago
  Wouldn't the liability from libel me much higher than the conceivable gains?
- darawk 7y ago
  Nobody with any capital in significant amounts is going to take this report at face value. They're going to investigate the claims on their own before they make any moves.
  - rebuilder 7y ago
    Thats neither here nor there. The market already moved.
    - darawk 7y ago
      Sure, because people decided the claims were credible.
      - elliekelly 7y ago