4 ms·
The pre market is looking brutal: https://www.marketwatch.com/investing/stock/sq https://www.marketwatch.com/investing/stock/sq Those puts are going to pay off
by mmaunder 4y ago
The pre market is looking brutal: https://www.marketwatch.com/investing/stock/sq https://www.marketwatch.com/investing/stock/sq
Those puts are going to pay off handsomely.
- EVa5I7bHFq9mnYK 4y agoLooks like it's an easy way to make money, SEC won't do nothing of course.
- mikeyouse 4y agoWhat role would the SEC have? First amendment demands the freedom to publish whatever truthful information you want and there’s no restriction on profiting from “outside” information. If allegations in the report are false, the traders face legal liability. If they’re true but the market disagrees with the impact, they’ll lose money on the trades. What specific thing should the SEC be policing here?
- EVa5I7bHFq9mnYK 4y agoDon't see any specific allegations, just a lot of rap song quotations and random opinions, all emotionally charged. That smells bad, just as that decade long Tether FUD that went nowhere. Anyway, just gonna buy the stock for a quick buck)
- appleiigs 4y agoI agree that the report is low quality, but if Block has issue with the truthfulness they can sue the short seller.
- hef19898 4y agoShort selling is absolutely legal. Course manipulation and insider trading are not. I guess you see the tight rope short sellers like Hindenburg are walking on, right? Also, if markets don't move following such a report short sellers stand loosing a ton of money, even if they are right. Among other companies brought down, rightly so, is Wirecard. And they played the "mean, evil short sellers try to manipulate the share price"-card hard. So, shoet sellers do have a place in our modern financial system.