SEC Investigation Into Short Seller Attempt at Price Manipulation
Has anyone heard about a SEC investigation into short sellers having purposefully tried to manipulate CYBX’s stock price by publishing exaggerated and misleading information. Other than the stock eventually rebounding in price over the coming weeks, is there anything current shareholders can do to benefit from the outcome of SEC investigation ?
Looks like I cannot profit from what they did because I did not sell as a result of their misleading news. I am told a class action suit may come about against the short sellers, but I expect they'll wait a while until determining the strength of the SEC's investigation. If you panicked and sold after their report, you may be able to join the law suit to come, but I expect the attorneys will ultimately profit more than the shareholders.