Muddy Waters Research Attempts To Mislead The Public With False Claims And Rumors About XL Fleet.
Retail Investors react to Carson Block of Muddy Waters Research with contempt for his recent “hearsay allegations” and loose statements made against XL Fleet. Some have even started contact with the Securities And Exchange Commission and have filed complaints to to have Carson Block and Muddy Waters Research Investigated for Intentional false and or unproven and misleading public claims against XL Fleet to purposely cause the investors of XL fleet financial losses in an attempt to profit from their short position on XL Fleet.
Short sellers have been known to use these types of tactics in the past which has recently caused a retail investor backlash. Most notably with GameStop and AMC. Public allegations and claims that are obviously baseless and provide nothing more than opinions or hearsay only fuels the resentment towards short sellers within the ranks of the multiple retail trading groups found on Reddit.
The number of traders joining Reddit trading groups to work together to punish the short sellers is staggering and the immediate response from groups like ShortSqueeze.army on Reddit left no room for doubt about their thoughts regarding the empty allegations and hearsay comments from Muddy Waters Research.
Some retail traders are sharing links and encouraging fellow traders to submit complaints to the SEC as seen here.
I’d like the SEC to investigate Carson Block of Muddy Waters for Securities Fraud. In specific “market manipulation”. Carson Block recently made public statements regarding XL Fleet and is spreading false information and creating rumors in regards to a former employee supposedly saying that the company (XL Fleet) is not as profitable as it claims.
What stands out as an apparent attempt to manipulate the market by short sellers is the stark contrast in their publications depending on their positions at the time of their publications as seen here with a tweet from notorious short seller Citron Research.
As short sellers continue to make baseless claims and create publications to fuel rumors, and then announce their short interest in the company they have targeted, the retail traders are gathering in huge numbers to retaliate.
Until the SEC steps in to put a stop to short sellers making blatantly false allegations in an attempt to mislead the public or discredit companies with publications that offer nothing more than opinion based commentary and hearsay as the substance, we fear the retail versus short seller war will most likely rage on.
The idea that hedge funds and notorious short sellers can manipulate the market and purposely cause retail investors to lose the small investments their family has in the market is disturbing to say the least.
Struggling families with a small investment in the stock market shouldn’t have to worry about it being taken from them and put into the coffers of multi-millionaires via market manipulation. That’s as bad and as corrupt as it gets.
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