They make claims that are demonstrably...stupid. I don't know if there's a better, more nuanced word to use here. It's trolling in broad daylight from what I can tell.
Do these guys realize the stupidity of their own comments and still do it to con the public/investors OR do they really genuinely believe in this bullshittery ?
This populist narrative that WSB and CNBC are promoting is pretty weak. This looks like forum manipulation with a layer of memes pasted on top. Citron and Melvin were set up as bad guys. Someone started this. It's definitely not organic.
That said, it has definitely worked. Any idea that retail investors can't move markets is now gone.
This trope of destroying the company for short term gains and raising the stock price gets trotted out all the time. But can you even provide an example of it? It's not like wall st is made up of complete idiots who are going to keep falling for that.
They want to convince investors not to withdraw their money based on pseudo-logics.
They want to gather money by leveraging on emotions and feelings.
They can do both only with dumb people.
So they’re just going to call Hindenburg dirty liars trying to manipulate the stock price to make a buck?
I think Hindenburg has a pretty solid reputation at this point. So what they should do is refute their points one by one with data. It will take effort and weeks of work, but failing that people will assume it’s because they can’t refute those points.
I literally put my money against them this morning by opening a small short position. So far, I feel happy with that decision.
I'm not sure what I'm seeing is that reasoned. The analysts I speak with give 'moron' a bad name. They're just blindly repeating what they somehow intuit the zeitgeist is, not even realizing (or caring if there's any capability of such) the consequences of their actions. The likes of my management, so proud of their Google and Microsoft pedigrees, just follow slavishly, in fear of (a) the stock price falling due to bad commentary if they don't submit and (b) being found out that their pedigrees reflect no knowledge of any kind of real business.
I think the crazy and cringe factor is deliberate. Remember the goal is to find short sellers who think this is stuff is overvalued, total failure, crazy etc and then proceed to short sell it.
Not saying owners are not crazy, but in this case crazy happens to also help them.
Seriously those guys claim they are holding companies accountable and the market efficient. They are just sleazy stock traders. Grinds my gears people try and defend them through efficient capital markets when you see the garbage reports they put out there to manipulate the market for their positions.
In order to sell high after wrecking the long term future of a company, you've got to fool a lot of sophisticated investors. This seems implausible to me.
Watch the video and see for yourself: http://citronresearch.com/citron-exposes-the-dark-side-of-sh...
That video by itself tanked the stock for many many weeks, until they finally reported quarterly results and it started climbing again.
I'm glad the CEO didn't feed the trolls by acknowledging this report in any depth.
Also shows how irrational the stock market is in the short term.
reply