Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Yeah its just a shame I didnt have any money available to put into Ubiquity when they dropped. Could have got some slightly cheaper stock. I am not worried about any of these allegations.
It was sitting between $45-50 for 6 months earlier this year, and this fraud accusation didn't even get it below $50. If you were going to buy, should have done it then.
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@dashrender said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Buying and running another company isn't comparable to jogging, mountain climbing, vacationing, or any of the other examples you used.
You're kidding right? you can easily dive into those sports as much as one can dive into running a company (especially mountain climbing).
Exactly. Those things take very big as much time as running a company, and no one said he was running another company, just investing.
Come on guys we're grasping here. Comparing hobbies and physical health to running a company?? Give me a break. And when you're a majority stakeholder of a company, you aren't just "investing". You're now a decision maker. How much time he will have to put into that may be small or large. I DON'T KNOW. I'm just saying if it required a good amount of time and focus, I could see where this COULD concern investors. If it doesn't concern you, then you aren't one of those investors.
Not grasping at all. When you can buy a company it's a hobby too. Grasping is what the whole topic is. A fake audit about a guy's investments and hobbies that is of no business to anyone.
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
When you're company is being accused very publicly as a fraud and the accuser is calling you out on CNBC, every major investing publication is talking about it, and you're the CEO of said public company, there's some "pressure" there as you have to protect the company image.
Yeah, but like I keep saying, I accused the company accusing him of fraud. No one cares.
I've not seen a single publication of merit talking about it. The company looks great, I think, that only clearly fraudulent outlets have been talking about it. What legit publication has made mention of it?
CNBC isn't legit? Seeking Alpha isn't legit? MarketWatch isn't legit?
It's been discussed in the media by multiple outlets which is why I originally shared it here was to get some input and thoughts from those like myself who are consumers. It was a place to discuss it as the news unfolded.
I can't speak about the other two... but CNBC - again I ask, you're kidding right? Like any of the other major new stations they are just click bait news. This story seemed like it would get some viewers so they showed it, I'm willing to bet they put any of their own effort into vetting any of the information provided by Citron.
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@dashrender said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
When you're company is being accused very publicly as a fraud and the accuser is calling you out on CNBC, every major investing publication is talking about it, and you're the CEO of said public company, there's some "pressure" there as you have to protect the company image.
Yeah, but like I keep saying, I accused the company accusing him of fraud. No one cares.
I've not seen a single publication of merit talking about it. The company looks great, I think, that only clearly fraudulent outlets have been talking about it. What legit publication has made mention of it?
CNBC isn't legit? Seeking Alpha isn't legit? MarketWatch isn't legit?
It's been discussed in the media by multiple outlets which is why I originally shared it here was to get some input and thoughts from those like myself who are consumers. It was a place to discuss it as the news unfolded.
I can't speak about the other two... but CNBC - again I ask, you're kidding right? Like any of the other major new stations they are just click bait news. This story seemed like it would get some viewers so they showed it, I'm willing to bet they put any of their own effort into vetting any of the information provided by Citron.
CNBC is what the entire financial industry watches all day. Seriously, walk into the office of anyone who manages a few hundred million and up and you'll see it on. This is news because Citron picked Valient correctly (I made a @#$@ ton of money off of that stock).
SeekingAlpha has decent writers also (I don't agree with everything they post) but they are generally well respected in that sector.
This would be like someone in finance saying "Arstechnica, isn't a bullshit, clickbait news website"
- they have no expertise in this field, 2. they would be wrong.
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@storageninja said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
CNBC is what the entire financial industry watches all day. Seriously, walk into the office of anyone who manages a few hundred million and up and you'll see it on.
A decade on Wall St. and seriously, no one in actual finance watches stuff like that. Maybe those consumer "financial advisers" that people see. But they are not considered part of the financial industry.
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
When you're company is being accused very publicly as a fraud and the accuser is calling you out on CNBC, every major investing publication is talking about it, and you're the CEO of said public company, there's some "pressure" there as you have to protect the company image.
Yeah, but like I keep saying, I accused the company accusing him of fraud. No one cares.
I've not seen a single publication of merit talking about it. The company looks great, I think, that only clearly fraudulent outlets have been talking about it. What legit publication has made mention of it?
CNBC isn't legit? Seeking Alpha isn't legit? MarketWatch isn't legit?
That's correct, it's just major outlet media that runs whatever headlines get it views. This is "financial media for consumers", not for investors. Trust me, your hedge funds and investment banks aren't watching this and would be insulted if you suggested that they did. It's not that they run scam stories, they just report on scams and anything else that gets attention. They aren't a financial analysis outlet, they are a media outlet.
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@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
When you're company is being accused very publicly as a fraud and the accuser is calling you out on CNBC, every major investing publication is talking about it, and you're the CEO of said public company, there's some "pressure" there as you have to protect the company image.
Yeah, but like I keep saying, I accused the company accusing him of fraud. No one cares.
I've not seen a single publication of merit talking about it. The company looks great, I think, that only clearly fraudulent outlets have been talking about it. What legit publication has made mention of it?
CNBC isn't legit? Seeking Alpha isn't legit? MarketWatch isn't legit?
That's correct, it's just major outlet media that runs whatever headlines get it views. This is "financial media for consumers", not for investors. Trust me, your hedge funds and investment banks aren't watching this and would be insulted if you suggested that they did. It's not that they run scam stories, they just report on scams and anything else that gets attention. They aren't a financial analysis outlet, they are a media outlet.
This was my point. I know this is the case with CNBC and other major news outlets (CNN/Fox news, etc). I've never heard of Seeking Alpha or MarketWatch, so I have no idea what type of agency they are.
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@dashrender said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
When you're company is being accused very publicly as a fraud and the accuser is calling you out on CNBC, every major investing publication is talking about it, and you're the CEO of said public company, there's some "pressure" there as you have to protect the company image.
Yeah, but like I keep saying, I accused the company accusing him of fraud. No one cares.
I've not seen a single publication of merit talking about it. The company looks great, I think, that only clearly fraudulent outlets have been talking about it. What legit publication has made mention of it?
CNBC isn't legit? Seeking Alpha isn't legit? MarketWatch isn't legit?
That's correct, it's just major outlet media that runs whatever headlines get it views. This is "financial media for consumers", not for investors. Trust me, your hedge funds and investment banks aren't watching this and would be insulted if you suggested that they did. It's not that they run scam stories, they just report on scams and anything else that gets attention. They aren't a financial analysis outlet, they are a media outlet.
This was my point. I know this is the case with CNBC and other major news outlets (CNN/Fox news, etc). I've never heard of Seeking Alpha or MarketWatch, so I have no idea what type of agency they are.
MarketWatch is definitely focused on the BuzzFeed / Facebook audience, not finance. Look at this clip from the site right now...
This is click bait financial news.
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In other news, Market Watch is unsure when to use quotes, and reports on some pretty silly stuff.
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"American Idol" and "McVegan" don't go in quotes, they are not quotes nor are they sarcastic, those are names. You don't put quotes like that around names. This implies that this isn't really the McVegan or American Idol, but something that is just being called that.
This is clearly paid ad placement for Tinder, McDonald's, and Applebee's.
Also, it is non-dairy, nondairy is not a word.
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I took a quick look at Seeking Alpha but it doesn't look very serious. It's all flashing ads, empty articles, and YouTube videos to scams.
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I know nothing about the finance industry. What are a few options worth looking at to get good info?
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
I know nothing about the finance industry. What are a few options worth looking at to get good info?
Bloomberg
What kind of info do you want? If you aren't an investor, there's almost nothing useful to read in financial news.
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@scottalanmiller I do a little bit of investing. Nothing too outrageous, just to diversify some of my savings.
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller I do a little bit of investing. Nothing too outrageous, just to diversify some of my savings.
If you want to diversify a savings account do a couch potato mix, or if your feeling lazy get a robo to manage it for you.
Just throw it in a couch potato Index mix and call it a day? IF you really want to ignore it a robo mix (Wealthfront, etc)
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@storageninja I get that.All good ideas.I have thought about the Index funds and that option seems decent. I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja I get that.All good ideas.I have thought about the Index funds and that option seems decent. I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
Just remember that that "fun" comes from the risk. It's your money and nothing wrong with it, but Index funds are the safest. So if you are using terms like "divesting" which is a risk reduction strategy, but not using Index funds, that's an odd mix.
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@scottalanmiller For the the fun part is researching companies and finding out about cool things they do or have done in the past.
I never used the term "divesting" but i see its value. I just asked about good sources so that I could know a bit more things that are going on. I know about index funds but I want to be more involved.
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@scottalanmiller For the the fun part is researching companies and finding out about cool things they do or have done in the past.
I never used the term "divesting" but i see its value. I just asked about good sources so that I could know a bit more things that are going on. I know about index funds but I want to be more involved.
I would say find you some good podcasts to listen to. I listen to many of The Motley Fool podcasts during my commutes.
Motley Fool Market Foolery (Monday - Thursday)
Motley Fool Money (Fridays)
Motley Fool Answers (Tuesday or Wednesday I think)
Motley Fool Industry Focus (Weekdays) -
@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@storageninja I get that.All good ideas.I have thought about the Index funds and that option seems decent. I do enjoy the fun of researching companies and buying a few shares of stocks too. I have never lost money over a years time but dont make much either. Depending on the year its like 5-15% increase. Not sure if that keeps up with inflation at the low end lol.
Just remember that that "fun" comes from the risk. It's your money and nothing wrong with it, but Index funds are the safest. So if you are using terms like "divesting" which is a risk reduction strategy, but not using Index funds, that's an odd mix.
Although I understand what you probably mean here and you're just oversimplifying, I can't stand when people say this as a general term. It's not the "safest" for someone near retirement to be parked in an S&P index fund. Over the long run historically, index funds have outperformed like 86% of active funds yes, but that doesn't mean that just parking in an S&P fund is safe for everyone. People still need to understand even basically what's going on in the market and know how to move money around to protect assets as they approach retirement.
Disclaimer: Majority of my money is currently parked in an S&P index fund
