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Absolutely. I mean, what's different now in comparison to Ackman shorting hotels then going on CNBC and saying hotels are going to burn financially? Except for
by NoOneNew 6y ago
Absolutely. I mean, what's different now in comparison to Ackman shorting hotels then going on CNBC and saying hotels are going to burn financially? Except for the fact it's one rich guy compared to thousands (maybe millions?) of not so rich folks.
- mrlala 6y agoWell.. I think the difference is that if there are literally millions of people immediately acting in a certain fashion (suddenly buying up a specific stock) in a coordinate fashion- that has a very different effect than a small number of large investors taking a bet. I'm not defending the bullshit that is CNBC and 'professional stock pickers' and crap, but it ends up to be a very different thing. Not saying better or worse, but certainly different.