5 ms·
People holding long positions do shady stuff all the time as well. I don't see the distinction.
by cultus 6y ago
People holding long positions do shady stuff all the time as well. I don't see the distinction.
- electriclove 6y agoPlease share some examples. I'd like to understand so I can compare to the things in that link.
- dylan604 6y agoTheranos comes to mind
- electriclove 6y agoTheranos was a shady company. But it wasn't a public company. The shadiness was the company itself.
- dylan604 6y agoWere the people being shady not also stock holders doing shady things to keep the stock price up?
- electriclove 6y agoI think there is a difference in the company itself being shady and investors being shady to influence the stock price. The long pump and dumpers definitely fall into the latter category and similar to the shorts described in my link.
- GhostVII 6y agoEnron? Years of blatant fraud and earnings manipulation with the explicit goal of hitting stock price targets.
- electriclove 6y agoWas that the company itself or were there outsiders contributing to this too?
- wgerard 6y agoPump-and-dumps are an entire class of fraud that fundamentally relies on you being long.
- electriclove 6y agoThis is totally right and just as shady