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:
“A short letter to a distant friend is, in my opinion, an insult like that of a slight bow or cursory salutation—a proof of unwillingness to do much, even where there is a necessity of doing something.”
—Samuel Johnson (1709–1784)
“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)