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Obviously all of this is kind of wrong. Short-term prices aren't driven by fundamentals, but by rumors/sentiment/herding. So thinking that a bunch of short sel
by jevgeni 7y ago
Obviously all of this is kind of wrong.
Short-term prices aren't driven by fundamentals, but by rumors/sentiment/herding. So thinking that a bunch of short sellers might orchestrate a rumor campaign against a volatile stock isn't much of a stretch.
I wouldn't hark on the bankruptcy semantics. Obviously, the original statement doesn't necessarily mean that the bankruptcy will be the result of short selling.
- Nerdfest 7y agoThis kind of thing is done on occasion. I remember the same being done to Newbridge at the start of the tech bubble, including short-sellers arranging damaging interviews with people who claimed they were executives with the company. It's far easier now with social media. It's not just Tesla either Facebook, and I believe Microsoft as well were caught paying for entities to harm Google's reputation. There are vast amounts of money involved.