Short sellers create no value other than ruckus’s and in this case, the short seller has manufactured a story to engineerd a stock slide based on a non-consequential story- SEC should actually go after the ‘shorty’!
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Except for exposing fraud and keeping management teams honest.
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I don’t for 1 believe this short seller is in this swim as a saint - making scapegoat of CEO doesn’t display honest action. This is a strategy to drive down value and doesn’t augur well for shareholders.
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I'll just leave this here:http://money.cnn.com/2018/05/31/investing/samsonite-ceo-resigns-blue-orca/index.html …
End of conversation
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