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/biz/ - Business & Finance


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>> No.26609717 [View]
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It's not insider trading because that requires insider knowledge, not public information. The phrase you are looking for is "security manipulation," and they were doing it first shorting 130%. There's thousands upon thousands of people pumping the stock, no different than tulips and no more illegal.
If the hedge fund doesn't like it, they shouldn't have leveraged themselves that much. Risk is a real thing and Wall Street has gotten away with far too much no-risk profit by manipulation themselves, they have more than enough money to take the loss here at their own game.

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