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.
Read more about this topic: Pump And Dump
Famous quotes containing the words short and/or distort:
“Modern pictures are, no doubt, delightful to look at. At least, some of them are. But they are quite impossible to live with; they are too clever, too assertive, too intellectual. Their meaning is too obvious, and their method too clearly defined. One exhausts what they have to say in a very short time, and then they become as tedious as one’s relations.”
—Oscar Wilde (1854–1900)
“You must not distort justice; you must not show partiality; and you must not accept bribes, for a bribe blinds the eyes of the wise and subverts the cause of those who are in the right.”
—Bible: Hebrew, Deuteronomy 16:19.