Tweets are not recommendations or offers of services & are for educational purposes only. I may buy or sell securities I tweet about for myself or clients.
When this is over semis will go down the same way they are going up. But anyone who will claim they called it is full of it. It is impossible to call a top without risking decapitation. Just knowing this is unsustainable is worthless
Here's exactly what Andrew Left and Citron did according to the trial verdict:
From 2018 to 2023, Left would quietly build positions in a stock using short-dated options, publish explosive Citron Research commentary to move the price, then immediately close his position at a profit before the stock hit his public target.
Total illegal profits: at least $21 million.
The Nvidia example from the trial:
Left messaged a hedge fund manager: "Do you want to make some fast money. Put together a thesis why NVDA is oversold. We can destroy it."
He then tweeted "Citron buys $NVDA" and set a $165 price target.
Less than 2 hours later, with the stock trading at $150, he sold everything.
Profit: $960,000. In under 2 hours.
@John_Hempton@adamfeuerstein What Andrew Left does is dirty but probably not illegal. Trying to move the stock and dumping your entire position into it isn't the type of short sellers that helps the market
@JCOviedo6 He sells as soon as he publishes, has no long term interest in his call being right. Just wants to move the market and dump his position into the move. She holds that garbage
@CapitalObserver I guess I would note, and I am bad at narratives (and probably worse at fundies!), you could almost rationalize the 2020-21 timeframe cuz money was flowing like water, which doesn't seem to be the case today with rates where they are.
@Chartfest1 We have levels of call buying only seen during the pandemic and there will be over $100 billion of equity issuance between now and the end of next week. The risk/reward between now and the end of next week doesn't look great
I have been thinking about buying $BRKB recently but Greg Abel's actions over the past 24 hours makes me want to let some time pass and watch from the sidelines for now