Taiwan leeks are cut by people, and American leeks will cut people! Recently, the American game retailer stock GameStop staged a crazy short squeeze market, and the well-known short-selling institution Citron Research (Citron Research), the instigator, was counter-attacked by retail investors and forced to confess compensation. On Friday (29th), Citron suddenly announced that it would no longer release The short-selling report will be changed to investors looking for long-term investment opportunities to “long” in the future, which means surrendering to retail investors.
Citron founder Andrew Left said in a YouTube video on Friday that his original intention of establishing Citron 20 years ago was to fight Wall Street and protect investors. At that time, the market was full of fraud and stock sales. “We originally founded Citronella to fight against the establishment, but now we are a member of the establishment.”
Left said that with immediate effect, Citron will end its 20-year short-selling research, stop issuing short-selling reports, and turn to provide investors with opportunities for long potential stocks.
Left said in a statement that he will no longer comment on GameStop in the future, not because he does not believe in his investment theory, but because “a group of angry thugs who own this stock have committed multiple crimes in the past 48 hours.” These crimes were transferred to the FBI (Federal Bureau of Investigation), SEC (Securities and Exchange Commission) and other government agencies.
Citron is a short-selling institution with nearly 20 years of experience and is known for its aggressive short-selling. It has short-selling more than 20 Chinese concept stock companies, including Evergrande Real Estate, Qihoo 360, Weilai, etc., of which 7 companies are delisted, and some Corporate Restructuring.
The share price of game retailer GameStop has soared more than 10 times due to the frenzy of retail investors. The outside world suspects that the share price has been artificially manipulated, which has attracted the attention of the United States Securities and Exchange Commission (SEC). Emphasize that “has cooperated with relevant regulatory agencies to understand the situation.”
Securities lawyers said that the SEC should investigate the GameStop transaction. According to people familiar with the matter, in recent weeks, the whistleblower has asked regulators to review the postings on social platforms such as Reddit to determine whether these constitute fraud.
(Zhongshi News Network)
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