<p>Guess things are slow around the office. Any angle for a buck.</p>
<p>guy who called the subprime bubble - doesn’t sound dumb to me</p>
<p>Any fool could have called that if they had access to some of the facts. Bad-mouthing an industry you have short seems like going beyond fair investing. Make your bet and be quiet.</p>
<p>Bad-mouthing an industry you have short is a daily fact of life. There’s hardly a public-company financial scandal in the past 50 years exposed by the press or prosecutors that didn’t involve a short whispering in someone’s ear (or more likely jumping up and down, screaming, and buttonholing anyone he can find). Business reporters don’t get paid enough or given enough time to do original research. They get paid to backcheck, rewrite, and certify as credible stories that get handed to them by corporate PR or by shorts.</p>
<p>That’s good ol’ market economics in the land of imperfect information for you. It’s the way information gets reflected in stock prices. I don’t see anything wrong with it as long as no one is trying to disguise that the short has a money bet on the story he’s peddling. Frankly, if I figured out something horrible about a public company in a lawful, nonconfidential way, and wasn’t being paid to be a reporter, the first thing I would do would be to put a short on, and THEN I would call some reporter friends about it.</p>
<p>I don’t have any problem with this.</p>
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<p>Seems extremely appropriate for a committee that might enjoy giving Mr. Eisman a gold-plated lighter and a gallon of kerosene as a souvenir of his performance. After all, is this committee really opposed to the destruction of private interests?</p>
<p>Anyone here want to defend Apollo, Strayer, Phoenix or ITT Tech?</p>
<p>I had a look at those stocks and they’re coming off a double bottom formation. If the double bottom fails, see you later. There’s not a lot of short-meat left on those bones either.</p>