The all mighty Andrew Left from Citron Research tweeted criticism of small cap scorcher, VERI, at 10:54am today. Within minutes, the stock was reeling, people jumping out from their windows, cracking their skulls on the hard, cold, pavement below.
$veri is not artificial intelligence, more like natural stupidity. Stock should trade right back to $20.
— Citron Research (@CitronResearch) September 27, 2017
Now the stock is down 30% from the time of his tweet. Oddly enough, the stock had been cascading lower about 10 minutes prior to his declaration. I’m sure it’s simply a matter of Left getting pissed off at the cowboy trading action in VERI — causing him to impulsively set the record straight.
VERI claims to have an AI operating system. All the rage these days. The stock was $8 in late August and hit a record high of $74 today, prior to Left’s ruinous tweet.
Wunderlich, Craig-Hallum Capital Group, and Northland Capital Markets brought them public back in May of 2017.
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How is it odd? Either Citron or their vampire subscribers surely get advance notice of their hit pieces, no? It would be odd for the price not to drop in advance, I think.
The SEC still captured looking at gay porn with this guy? Am I right?
Lol.. There was also a write up on SA that looked into their numbers.. The founders are extremely bright to put it mildly and I would not be surprised if they get acquired sometime in the next 1-2 years given their track record with previous start ups..
Nothing against those that short stocks, but this guy is shady and his practices should be scrutinized a little closer. He has a Shkreli smell to him.