% | $
Quotes you view appear here for quick access.

New Oriental Education & Technology Group Inc. Message Board

  • jan_italia jan_italia Oct 15, 2012 11:58 AM Flag

    "Once upon a time,"

    "there was a short seller who was wreaking havoc on a number of legitimate companies that were simply doing the right thing to increase their shareholder value. Presumably motivated by greed, the short seller started to label these companies as frauds and accused the principals of the companies of engaging in fraudulent activities." On its own, this short seller would not have been able to achieve a whole lot. However, other short sellers, attracted to the prospects of making money off honest shareholders, started to jump on the bandwagon. The media stepped in and either unwittingly or deliberately fanned the fires and before we knew it, the companies were brought to their knees and had to detract from their main business activities to do damage control. Of course, in the meantime, the short sellers have made their money and were off to another target.

    So, Johnny, welcome to the world of investing ... good night and sleep tight. Just remember, what goes around comes around."

30.05-0.11(-0.36%)Nov 24 4:02 PMEST