4 ms·
The author had a short position. You can find it at the end of the article: Disclosure: I/we have a beneficial short position in the shares of SIVB either
by toinewx 4y ago
The author had a short position. You can find it at the end of the article:
Disclosure: I/we have a beneficial short position in the shares of SIVB either
through stock ownership, options, or other derivatives.
- steveBK123 4y agoIf they thought the stock was going to $0, they sure wouldn't have a Long position would they? What do you think all these guys on CNBC all day talking up stocks do.. not own it already themselves?
- tedivm 4y agoYou say that like it's some gotchya, but someone who felt the bank wasn't in a good financial position would naturally short it. This just means the guy put his money where his mouth is.
- dtech 4y agoIt's beneficial for someone who is shorting a stock to put out negative press about the company. It's basically the modus operandi of some hedge funds. I also don't get the gotcha though. As long as it's disclosed and the facts are true I don't see the problem.
- bmitc 4y agoI assume it's going to be much, much riskier to rely on sentiment affects of an article rather than valid research when shorting.
- mlyle 4y ago> It's beneficial for ... It's beneficial for anyone has a thesis that a stock is mispriced to: * Take a position (short or long) that will take advantage of the mispricing * Broadly communicate this thesis after taking the position
- devmunchies 4y agoSo... he put his money where his mouth was? Sounds better than putting it in SVB.
- kortilla 4y agoYou would be stupid not to after stumbling on a gem like this.
- therealcamino 4y agoYes, but the author was also completely correct about their financial situation. The disclaimer doesn't mean "I'm making this up."
- rufus_foreman 4y agoI believe this is called "talking your book" and it should be your default assumption of investor behavior.