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Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by LegitShady on Thursday September 10, 2020 @06:51PM (#24437390)
There are a lot of short sellers who lost money who were desperate for any reason for Tesla stock to fall.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by ashtonkem on Thursday September 10, 2020 @06:55PM (#24437421)
This is an incredibly unfair characterization about how short sellers think and operate.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by cultus on Thursday September 10, 2020 @07:01PM (#24437474)
Why is there this attitude that short positions are somehow less moral than long positions? I really don't get it.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by ketzo on Thursday September 10, 2020 @07:11PM (#24437557)
I think it's because short sellers are seen as pessimists -- on some level, you're betting for a business to fail (or perform poorly), and regardless of whether or not you're right, that means you're betting on people losing jobs, dreams going up in smoke, etc. etc.

I don't subscribe to this narrative, but it's an easy one to spin when your stock is the one being short sold.

Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by LegitShady on Thursday September 10, 2020 @07:27PM (#24437670)
It's not inherent to the shirt position but some short sellers definitely influence media.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by alain94040 on Thursday September 10, 2020 @07:17PM (#24437605)
Because, to simplify, shorts are hoping for people to fail, while longs are hoping for people to succeed.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by ra7 on Thursday September 10, 2020 @08:33PM (#24438055)
What both shorts and longs are hoping for are profits on their investment. I doubt either really cares about businesses/people succeeding or failing.

If you promise a bunch of long holders that a particular short trade is guaranteed to make profit, would they not take it out of concern for people?

Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by electriclove on Thursday September 10, 2020 @07:12PM (#24437561)
Because sometimes the shorts do some shady things.. https://teslamotorsclub.com/tmc/threads/elon-musk-vs-short-s...
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by cultus on Thursday September 10, 2020 @07:16PM (#24437596)
People holding long positions do shady stuff all the time as well. I don't see the distinction.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by electriclove on Thursday September 10, 2020 @07:21PM (#24437625)
Please share some examples. I'd like to understand so I can compare to the things in that link.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by wgerard on Thursday September 10, 2020 @08:07PM (#24437927)
Pump-and-dumps are an entire class of fraud that fundamentally relies on you being long.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by electriclove on Thursday September 10, 2020 @09:39PM (#24438343)
This is totally right and just as shady
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by GhostVII on Thursday September 10, 2020 @07:55PM (#24437851)
Enron? Years of blatant fraud and earnings manipulation with the explicit goal of hitting stock price targets.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by electriclove on Thursday September 10, 2020 @09:40PM (#24438350)
Was that the company itself or were there outsiders contributing to this too?
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by dylan604 on Thursday September 10, 2020 @07:28PM (#24437683)
Theranos comes to mind
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by electriclove on Thursday September 10, 2020 @07:33PM (#24437726)
Theranos was a shady company. But it wasn't a public company. The shadiness was the company itself.
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by dylan604 on Thursday September 10, 2020 @08:22PM (#24438003)
Were the people being shady not also stock holders doing shady things to keep the stock price up?
Re:Nikola: How to Parlay an Ocean of Lies into a Partnership... by electriclove on Thursday September 10, 2020 @09:42PM (#24438366)
I think there is a difference in the company itself being shady and investors being shady to influence the stock price. The long pump and dumpers definitely fall into the latter category and similar to the shorts described in my link.