Ask HN: Why is Docusign a $50B company? [1]
The thread was 6 days ago, Someone read it on HN? Or did they start shorting it long before?
The thread was 6 days ago, Someone read it on HN? Or did they start shorting it long before?
My immediate thought on seeing this story today was that the story 6 days ago was put there because shorters had taken positions, not that shorters became interested in the company because of the story.
Step 1: Take your position in the market.
Step 2: Go kick up discussions to impact the stocks at play.
Step 3: Take your profits.
This is an old, old game, we just have new players getting into it recently.
wouldn't SEC be investigating already?
And yes, the SEC could very well investigate anyone who took a short position in the days prior who had insider connections. It isn't like they put out press releases when they look into things, so unless you know for a fact that aren't investigating anyone... anything is possible.
I find that HN discussions tend to be symptoms of other discussions online - the HN thread was likely not from someone manipulating the market. It instead was probably a sincere question from someone who saw someone pumping it up elsewhere online. I suppose we could always just ask them what prompted the question if you are really curious.
unless it's WSB