Money Stuff: The Podcast Pick Up the Phone: Shorts, PSUS, BLS
Aug 30, 2024
Dive into the captivating world of short selling and its quirky dynamics with the Bureau of Labor Statistics. Explore the rise of activist short sellers and their impact on stock prices amid legal challenges. Discover Bill Ackman's innovative strategies to invigorate IPOs, complete with enticing sweeteners for early investors. Experience the chaos surrounding a massive payroll data release, filled with amusing anecdotes and unexpected job adjustments. Finally, uncover the controversies over information access and communication mishaps at the BLS.
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Andrew Left Case
- Andrew Left was charged with securities fraud for short selling and publishing negative reports.
- Regulators argued he manipulated the market by influencing retail traders, not by genuinely identifying failing companies.
Short Seller Disclaimer
- Karisdale Capital's disclaimer assumes they cover their shorts quickly, addressing the Left case.
- Lumen's stock drop despite this shows report content matters, not trade-copying.
Short Selling's Revival
- Short selling campaigns, like those by Carisdale and Hindenburg, are making a resurgence.
- This is despite previous narratives of short selling's decline after GameStop.