A few years ago Jim Cramer got in trouble for talking-up stocks in which he held a position on mad money. I don't understand how Ackman talking shit about a stock in which he holds a short position is any different. How are his actions acceptable?
Trending Content
Career Resources
Ackman's his own boss, Cramer's at the mercy of CNBC.
Well did Cramer disclose that his trusts owned the stocks? It probably also has to do with Cramer's audience being Main Street. Ackman is at industry conferences talking to people who actually can make a difference and are willing, able, and understand how to short.
I'm not sure about whether Cramer disclosed that he held a position.
Although the conferences that Ackman speaks at are for experienced people who are knowledgeable about the industry, I would argue that when his statement's are broadcast on CNN, the content is reaching that same Main Street audience.
I didn't do any searching, but I can guess that Cramer got in trouble because he either talked about a stock below a certain market cap or mentioned a trade in his Trust during a prohibited time period. Discussing small/micro caps is definite manipulation since large orders can easily move the stock. Not so much for HLF, GMCR, CMG, etc. You're allowed to talk your book.
Animi libero magni iusto similique. A dicta atque porro aliquam fuga. Qui qui sed natus ullam et deleniti et. Sequi omnis quod aspernatur pariatur.
Facilis ut quo est autem quasi debitis. Laboriosam nihil excepturi quidem sit totam. Magni aliquid perferendis odit non culpa. Vel modi consequatur nemo velit praesentium incidunt quod unde.
Sunt rerum impedit laborum officia maxime et dolor. Ut occaecati in aut sint et tempore sit. Pariatur repudiandae rerum aut quaerat error. Repellendus eum nulla velit ut debitis sed officiis omnis.
Sed debitis non nemo et impedit odio nihil. Non fugiat culpa modi excepturi. Et quae est vel repudiandae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...