Bear Down, it should be relatively easy to obtain trading records...
to prove whether an investor was shorting a stock or not. The fact that Meyerson could have responded on the Boards or through other means doesn't lessen the potential damage very much. Did it do much good to Garrett Krause to respond to the shorters allegations?
The most damaging part for Meyerson's case is that he took advantage of the stock price rise to sell at a hefty profit, as he could well anticipate such a move after the press release.
My advice to you when shorting is not to resort to libelous remarks to try and create false impressions to lower the value of a stock. Only say what you are certain to be able to prove in a Court of Law and don't resort to indiscriminate or personal bashing.
Example of what I would say, if I became a shorter myself: " Hey guys, this is a great Company you're invested in. Unfortunately, its stock price has run well ahead of itself and my charts say a large correction is overdue. No hard feelings, I hope...". Fundamentals haven't changed, so you have to base your move on TA and there is no benefit making enemies out of the longs. Actually, being a shorter the longs could reasonably relate with, is pretty much what you do now, anyway.
Regards, F. Goelo + + + |
