Pump and Dump - Short and Distort

Short and Distort

A variant of the pump and dump scam, the "short and distort" works in the opposite manner. Instead of first buying the stock, and then artificially raising its price before selling, in a "short and distort" the scammer first short-sells the stock, and then artificially lowers the price, using the same techniques as the pump and dump but using criticism or negative predictions regarding the stock. The scammer then buys back the stock at the lower price.

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Famous quotes containing the words short and, short and/or distort:

    If true that notion, which but few contest,
    That in the way of wit short things are best,
    Then in good epigrams two virtues meet,
    For ‘tis their glory to be short and sweet.
    —Anonymous. From A Collection of Epigrams (1727)

    The moment of victory is much too short to live for that and nothing else.
    Martina Navratilova (b. 1956)

    Just as a chemist “isolates” a substance from contaminations that distort his view of its nature and effects, so the work of art purifies significant appearance. It presents abstract themes in their generality, but not reduced to diagrams.
    Rudolf Arnheim (b. 1904)