Gentle reminder why certain people keep talking about Sodium Ion on a lithium companies message board:
In a "short and distort". you have people who first short a stock and then spread false rumors about a company. If the stock drops based on this bogus information, then the short-sellers will cover at a lower price and realize a profit.Example: A trader shorts 2,000 shares of XYZ at $10. He then signs up to every financial message board and chat room imaginable, spreading false rumors. I.E. Sodium is about to replace Lithium.This trader is hoping that some of the holders of XYZ will "panic sell" their shares, causing the stock to drop. Then this rogue trader can cover at a lower price and realize a profit.
They ain't getting mine.
Gentle reminder why certain people keep talking about Sodium Ion...
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