I have run across this a couple of times, Mark Cuban has started a service where they try to find bad information on companys then short the stock. Here is what Mark Cuban has to say about it: "In July 2006, Cuban financed creation of Sharesleuth.com, which will set out to uncover fraud and misinformation in publicy traded companies. Cuban's disclosure that he will take positions in the shares of companies mentioned in Sharesleuth in advance of publication has raised controversy" I wanted to spend some time and follow some of the stocks on this site, but I have not had the time to do it. It would be very interesting if enough of these stocks crashed to the point where you could make a profit just shorting everything he has listed. It should not take that much time to check daily for updates to the website and then short some stock if he has anything new that he was able to dig up some dirt on the company. I can see this working, and the more people who short and the more people who think the company is having problems will just make it a self fufilling prophecy. anyway, here is the web site: |
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