Abbott, Haney, and the Stock Plunge

The speaker recounts a story about shorting the stock of Abbott, a company they discovered was financing all equipment purchases through Abbott Financial Services. They confront Haney Nada, a bull on the stock, about this and despite initial disbelief, Haney eventually admits his mistake. However, when asked to downgrade the stock, Haney refuses and when Abbott pre-releases, the stock plummets, leaving the speaker frustrated and embarrassed.