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Earlier quoted context omitted.
Given that we're reading this, it's probably priced in by now. But in principle the answer would be yes, but only with money you can afford to lose; any investment on a single-name stock is risky, and shorting is even more so.
And it's shorting, so no cap on losses, right?
Earlier quoted context omitted.
That is pretty much what Hindenburg does; they find frauds and short them. Peruse their site. I mean, it’s in the name, you know, like the dirigible. https://hindenburgresearch.com/ https://en.wikipedia.org/wiki/Hindenburg_disaster
Peruse* But yes, that is exactly what Hindenburg does – not sure if GC thinks shorting companies you think are frauds is a bad thing or what – as far as I'm concerned it is the best reason for shorts to exist! I'd have more questions if Hindenburg wasn't shorting Adani Group after this report.
Original title: Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History (too long for HN post title, mea culpa, feel free to change it up dang)
> Initial Disclosure: After extensive research, we have taken a short position in Adani Group Companies
idk, should I also take one?
If the report is true, there maybe insufficient market capacity for the stock to move freely, any short position - including the one that Hindenburg made maybe blown up by determined opposition.
Wow. Adani is super scummy, and from research when they were starting construction on a big mine in Australia we knew they were structuring their tax affairs to not pay any tax here [1], but all this is something else. They have been suing a climate activist here for millions of dollars, and as part of it they had private investigators following him, his wife, and his children , including photographing his children w…
These are the people that broke the “Nikola rolling a truck down a hill” story. https://hindenburgresearch.com/nikola/
When you have the PM in your pocket, you can do whatever you want. Also, he might be a 3rd richest person on paper, but I call him a flight risk. Once Modi govt is kicked out, he’ll flee India, just like other scammers like Nirav Modi and Vijay Mallya.
I got part way down the bulleted list, then scrolled down (and down and down and down) to see how long it was - and then saw “Introduction”. Wow.