Biggest corporate fraud in the world.
- Thread starter Dave Taylor
- Start date
Wouldn't that mean Hindenburg engaged in stock manipulation?
Shorted the stock, then published a report to tank the price?
Oh the humanity!
SmooveP
Well-Known Member
It's their entire M.O. as a business. The company is literally named after the exploding blimp. It's emblematic of what modern day "investing" looks like.
BananaFred
Well-Known Member
this is the next stage of stock manipulation...the "float" is primarily owned by index funds. Pension funds used to be the dumb money, but now index funds are.
Pick an emoji, then go about your day?
JPark
Well-Known Member
Just the largest state government fraud.... which pales in comparison to the worlds largest Ponzi scheme of Social Security!
don
Well-Known Member
Hindenburg exposing Nikola wasn't without merit?
SmooveP
Well-Known Member
I guess? I'm sure we learned some lessons from the Hindenburg exploding as well.
Hindenburg (the company) doesn't do what they do for the good of mankind. They call themselves a "research" company, but heir purpose is to make money by shorting their targets and then trying to tank them.
SmooveP
Well-Known Member
Assuming it's still around when you retire, will you skip taking benefits out of principle?
w_b
Well-Known Member
The bigger question is did @Dave Taylor short the stock?
Dave Taylor
Rex kwan Do
The Kalmyk
Well-Known Member
That's actually a very important needed service for a market.
SmooveP
Well-Known Member
How so?
They keep the price from going too high and being a worse bubble and they provide price stability with a price floor on the way down as they have to purchase the stock to cover their short.
If this private fund didn't expose the fraud when it did the prices could have gone higher screwing more people until exposed.
SmooveP
Well-Known Member
I'd agree with you if investment firms didn't have a long history of sleaze - straddling, or stepping all the way over the line of what constitutes insider trading. Do we know whether Hindenburg only uses publicly available info to do their "research"? If not, isn't that the definition of insider trading?
A quick parse of their documentation would lead me to believe they went off publicly available information, or information gained from first-hand knowledge that while intimate, wasn't necessarily insider exclusive.
Not to say they weren't tipped off from an insider. But that still doesn't make it insider trading.
India however does not seem to have a great track record of stopping insider trading, so...I dunno. 🤷♂️
