Hindenburg is not the real deal. If you think Hindenburg is the real deal you should pay closer attention to their activities. They (he) are one of a number of noisy short sellers who try to drive stock prices with their tweets/reports. SEC should be doing things to these people.
That said, he is probably right about Tether. Tether should make every crypto speculator or holder very nervous.
https://hindenburgresearch.com/about-us/
Which of the items listed there do you have an issue with? Hindenburg were the folks who gave us Nikola rolling their truck down a hill.
:)
I'm sorry, but no shit? You frame it like there's some insight or conspiracy theory in there.
Again: What is your issue with this? The market has rules, some companies skirt them or outright lie. The size of the market is too large to regulate with our current mechanisms and short sellers fill some of these gaps for a profit. It becomes an issue if the short seller is wrong and causes harm to a company undeservingly, but you haven't proven that case here.
Publicity helps move the market which is how they make money. Why do you think that make [him|them] illegitimate? You've not explained this part. It seems to me that you've got an axe to grind with short sellers in general. Hindenburg seems to clearly be "the real deal", whether or not you approve of what "the real deal" is.
There are so many bad companies that are public today, they really need somebody nipping at their heels.
They also forced a CEO stepdown at Lordstown motors, got the SEC to investigate and forced the company to amend their accounting statements.
https://en.m.wikipedia.org/wiki/Hindenburg_Research
And their reports have been pretty accurate this year based on long term market reaction: https://breakoutpoint.com/blog/2021/10/activist-short-sellin...
A number of stories were already floating around from former employees.
The company was the most obvious scam I have seen in my life. With minimal intelligence and just 10 min of listening to the CEO made clear that it was a scam company.
Sure they went threw the effort and and gathered that stuff up and did some research, but it was hardly some master-journalism that was required.
This is a thread about Tether, another company that is an obvious scam, that even once admitted in court a few years back that they were only 74% backed.
If Hindenburg makes a report formalizing everything and getting some new research, that might well have a similar effect.
As far as I know they were the ones who broke the NKLA scandal. We need short sellers to keep markets honest and stop fraudsters from taking advantage of the current exuberant markets.
I’m a Hinden-believer I suppose
They did some minimal journalism on them and put it out. And nothing the showed outside of maybe that the truck was going down hill was in the least surprising.
No one should be blindly believing them, just because they have a good past record.
True. And that is why they don't act on just 'suspicion', but willing to pay to dollars for information.
Are sell-side "analysts" who cheerlead their long recommendations not doing the same?
So I do have this information, and want to make $$$$$$$ it's actually in my interest to also collect $1M from Hindenburg, to make this information plabic, *after I've established my positions
He should be, but they basically gave him the same treatment they give a lot of people: a slap on the wrist.
2. SEC did something to Musk, maybe you forgot, maybe you don't think it was enough, but they did something.
They are 'manipulating the market' in an informal sense, but not in the sense that actually matters. There is nothing wrong with publicly stating that you think some stock is overvalued. Particularly not if you back up your claim with some evidence, which is what Hindenburg does.
If that's what you're arguing for, I might be able to get behind it. But I'm definitely opposed to "pumping the market is fine but countering hype should be illegal".