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May be for some of them. People invest for all sorts of reasons besides the "fundamentals", you know. Tell me: what do you think Melvin's intentions were for s
by Dirlewanger 6y ago
May be for some of them. People invest for all sorts of reasons besides the "fundamentals", you know.
Tell me: what do you think Melvin's intentions were for shorting a dying company's stock for several billion?
- jeffbee 6y agoTo raise cash? Shorting a company in terminal decline, but that will never die and will live on the pink sheets forever, is a great way to take a gain without ever having to pay the taxes.
- Dirlewanger 6y agoAnd you just described a form of market manipulation. Except that we can't know Melvin's true motives because for some weird reason, hedge funds don't have to make their methodologies public. So why are you getting mad that retail investors are engaging in the same practices that hedge funds can do with impunity?
- jeffbee 6y agoNo? Your folk definition of "manipulation" isn't furthering this discussion.