Plug Power Inc (PLUG): WTM - Do you think there is market manip...

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Jack_Bolander

Re: WeTheMarket post# 49544

Monday, 01/16/2023 12:34:23 PM

Monday, January 16, 2023 12:34:23 PM

WTM - Do you think there is market manipulation on both sides? Do you think that PLUG's run up to $70+ was not manipulation?
How about dumping Billion$ in shares on the market at $65 ?
Do you really think PLUG was worth $70+ at the time?
Do you really think that PLUG was worth $65 at the time ?

I think that many shorts looked at PLUG's financials and determined that PLUG was not worth $65. I think many shorts saw the CEO DUMPING Millions of shares as a clear "SELL" Signal and also sold millions of PLUG shares.

Just look at the activity in options at the time to prove my point.

Why is manipulation on the short side wrong, but manipulation on the long side not wrong? Those who understand that there are risks in investing also understand that there are market dynamics and try to take advantage of these dynamics rather than try to blame others for their lack of acumen.