Viewing a single comment thread. View all comments

JKKIDD231 t1_j6hvxac wrote

Reply to comment by tijR in Gautam Adani lost US$31 billion in one of the biggest weekly drops ever by hussmann

Plus Hindenburg Research made millions with their calculated report, which I believe to be true as its known that Adani has lots of debt on hand but they knew what the response would be in market so they shorted the Adani stocks worldwide before releasing the report and make huge bucks while at it.

42

captainktainer t1_j6hy2ld wrote

Yeah, they revealed their short positions as part of their data release, which is exactly what they should do. This is literally one of the reasons short sellers exist and why regulators are fine with reports like this - they profit off of research showing companies are overvalued, just as stock promoters profit off of releasing research showing positive trends for a company. The market will be healthier now that it's aware of Adani Group's fraud as a risk for future performance. It's not market manipulation in regulators' eyes and never will be.

67

pzerr t1_j6icc3g wrote

As long as they are accurate or not embellishing the report.

9

Midnight2012 t1_j6i41oc wrote

This is what driving incentives to uncover the truth. People won't do such extensive and expensive research on a company if their isn't room for profit. These arnt charities or government organizations.

16

Test19s t1_j6iahee wrote

The company that brought him down is called Hindenburg? This is a joke right!?

5

ProtoplanetaryNebula t1_j6isnwc wrote

It's intentional, they do research that brings companies down to the ground in flames, like the Hindenburg. That's why they chose the name.

10