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Started By
Message
re: Globe Life -53% Five Billion Dollars in value wiped out
Posted on 4/13/24 at 7:30 am to Bestbank Tiger
Posted on 4/13/24 at 7:30 am to Bestbank Tiger
quote:
I was wondering why it tanked.
This is my employer so we were all a little nervous yesterday.
It looks like this "short seller" put an article out accusing the company of several things.
My question is : How could one person's opinion or story rock an 11 Billion Dollar company that way, seems like someone's arse would be going to jail unless it's true.
5
Posted on 4/13/24 at 7:41 am to The Torch
quote:
My question is : How could one person's opinion or story rock an 11 Billion Dollar company that way, seems like someone's arse would be going to jail unless it's true.
I guess it depends on the evidence in the story.
Posted on 4/13/24 at 8:36 am to The Torch
(no message)
This post was edited on 4/13/24 at 8:58 am
Posted on 4/13/24 at 5:21 pm to The Torch
quote:
This is my employer so we were all a little nervous yesterday.
It looks like this "short seller" put an article out accusing the company of several things.
My question is : How could one person's opinion or story rock an 11 Billion Dollar company that way, seems like someone's arse would be going to jail unless it's true.
That's a classic pump and dump (except in the opposite direction). Fuzzy Panda needs to answer to the SEC.
Posted on 4/16/24 at 7:46 am to The Torch
quote:
It looks like this "short seller" put an article out accusing the company of several things.
Hasn’t that short seller done this to several stocks? They sound familiar
Posted on 4/16/24 at 12:15 pm to The Torch
quote:
How could one person's opinion or story rock an 11 Billion Dollar company that way
Because its more than just an article.
These hit pieces are common, and are usually bought/contracted by hedge funds and other groups under the table to give pretext for a coordinated short attack.
This post was edited on 4/16/24 at 12:16 pm
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