Don’t Underestimate the Power of Talking Heads on CNBC…
Yesterday on CNBC well known short-seller James Chanos mentioned he was shorting Grubhub and as a result the stock dropped precipitously resulting in the stock to fall 5.16%. Certainly doesn’t seem right that someone should have the power to mention a position they hold and make a tidy 5% profit in the process. Unfortunately, this happens on a regular basis. For more information please click here.
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