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:
“How, in one short century, has this ersatz sport so strangled the consciousness of the country in the grip of its flabby tentacles that the mention of women’s baseball gets no reaction other than blank amazement?”
—Darlene Mehrer, As quoted in Women in Baseball. Ch. 6, by Gai Ingham Berlage (1994)
“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)