Mar. 23 at 9:35 PM
$SOFI On 7/12/22, Muddy Waters released a short attack report against
$HASI , with their bear thesis being complex and misleading accounting.
HASI dropped 19% that day. One month later, on 8/12/22, HASI was 51% higher (!) - as investors digested, called bullshit, and force-squeezed Muddy to cover.
Two takeaways:
1) Imagine MW's disappointment when, instead of closing 20% lower like they're used to, they only got a 1% drop from SOFI.
2) Given the lack of a REAL drop, they haven't yet covered their position. This leaves them extremely vulnerable to a significant short squeeze.
I predict MW will be this year's version of Melvin Capital from the
$GME days (for those unaware, retail investors put Melvin out of business).
