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Kaeho

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26/02/20

23:38

Post #: 43175917
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Originally posted by Kaeho ↑

“A lot of times when I was short at my hedge fund ... meaning I needed (a stock) down, I would create a level of activity beforehand that could drive the futures,” said Cramer. “It’s a fun game and it’s a lucrative game.”

In the interview, Cramer said a hedge fund manager’s favorite tactic is to get a rumor about a stock to an unwitting reporter — at the Wall Street Journal or at his current employer, CNBC — and hope that it moves the stock in the direction the manager wants.

Cramer said if a market participant wanted to get shares of a company like RIM lower then he should first get investors “talking about it as if there is something wrong with RIM”.

“It might cost me $15 million or $20 million to knock RIM down but it would be fabulous because it would beleaguer all the moron longs who are also keying on Research in Motion,” said Cramer.

https://www.reuters.com/article/cra...r-manipulation-comments-idUKN2036292620070320

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Sound familar? Sounds like one of our resident he/she.

We also have an unprecedented attack on the market using coronavirus fears by “unwitting” journalists.

Last edited by Kaeho: 26/02/20

GXY Price at posting: $1.00 Sentiment: Buy Disclosure: Held
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