regulators do need to go after some of these blatantly manipulative shorts that spread misinformation. Its not hard to instill fear and then it snowballs with peoples stops getting hit, cnbc chatting about, etc. Gives credibility to blatant lies.
QCOR comes to mind when shorts released their research of information that was already public. But they twisted it, made it look like they were losing 95% of biz when in fact only 5% was affected.
HLF recently too, its not a pyramid scheme. They been in business for like 30 years and were investigated for that years ago and cleared.
Don't remember a symbol but some company recently was about win a lawsuit and some shorts put out a blog saying they would only get 500k when it was 500M and it caused a 50% drop intraday.
List goes on and on. There needs to be some rules put in place. Want to help investors? Great, notify SEC and let them look into it. Don't cause massive panic and stop people out for huge losses in some cases causing billions in damage, only for stock to bounce back later when smoke clears. Its insane some of these people get away with literally robbing 10s, 100s of millions and get away with it. Yet someone robs a bank of $1,000 and they get 20 years.
AI
