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Message
re: Globe Life -53% Five Billion Dollars in value wiped out
Posted on 4/16/24 at 12:15 pm to The Torch
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
1
Posted on 4/16/24 at 2:50 pm to The Baker
Fuzzy Panda's track record is very good and GL already is under DOJ investigation. In addition the unit under fire has been horribly mismanaged for years with dozens of sexual assault charges hostile work etc. If that is true not a big leap to see them committing fraud. Look, being a short seller takes real guts and money because they are very often wrong and their potential for loss is literally infinite. I get it, you may be able to get away with a "wild" short story once, but to do it consistently is very hard. Having said this do not know if GL charges are real or not, and it looks like it will take time to sort out so stock not getting back over $100 anytime soon IMHO.
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