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Comment by chollida1 | Hacker News Reader

I've read this twice, can anyone actually point out where the article links short sellers and share price manipulation?

The closest thing I can see is that the shorts are accused of closing their short position by acquiring shares in a secondary offering, which not only is legal, but also a smart thing to do if you think the offering is priced high and you're short.

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I don't blame you, the author miss uses the term short sellers in the beginning then uses it correctly later on. Which is confusing, initially they use the term to mean "any investor selling their shares of stock" which is annoying.

Then later they use it correctly WRT a firm needing to buy the shares they sold back to give them back to the original lender, which I assume in this case is Charles Schwab.

All in all, this article seems like a rough draft and needs to be proof read. I was REALLY critical and had to really focus to squeeze meaning out.

Oh what, you expected to find a well-argued piece at thefinancialoligarchs.com?

This is super-trashy even by lowered standards for some of the financial content that pops up here. Hard flag.

It's not legal. You seem so sure of yourself.

It's not legal..Look up rule 105

You're supposed to announce an offering so investors are properly informed. If you can just pump up the share price, short it, then cover AFTER the offering has been announced, shareholders are not being properly informed about the offering.

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