The day he called it a “near-total fraud” with fake users, the stock tanked. [3], Mr Block went to work with his father, a period he describes as “very embittering” as he was “lied to by a parade of management” of internet companies. Block alleged accounting fraud. Carson Block is a short-seller, investor and the founder of Muddy Waters Research. The prices on 97 stocks that were subject to a short attack are higher than they were as of the end of the day before the report, compared with 80 for which the prices are lower. Carson Block is arguably the world's "most feared short-seller and fraud-sniffing dog", whose ten-year "reign of terror" spread from China to France, says Jon Shazar on Dealbreaker. The stock, which opened at $29.70 that day, went as high as $141.78 during the summer but has been trading down since October and was below $47 on Thursday. Muddy Waters’ gains came during a year when the broader market, as measured by the Standard and Poors 500 Index, ended the year with an 18.4 percent gain. July 27, 2017. Short seller Carson Block catapulted to fame almost a decade ago for exposing alleged frauds in publicly traded Chinese companies, like the well-known case of Sino-Forest Corp. Block’s route to short selling was a circuitous one. Carson Block thinks that investing sentiment is reaching ludicrous levels — and that could eventually fracture a market that he views as fragile. In the U.S., hedge funds of a certain size have to disclose their long stock holdings 45 days after the end of each quarter in a regulatory filing known as a 13-F. Famed short-seller Carson Block says a new type of liquidity bubble is feeding the wild swings in day-trading favorites like GameStop — and warns that stocks have become a fragile 'game' Short seller Carson Block says a liquidity bubble is detaching markets from reality and feeding into wild swings in stocks like GameStop. Squawk Box Watch CNBC’s full interview with short-seller Carson Block Luckin Coffee shares have taken a tumble after the company disclosed an executive may have been providing false data. Muddy Waters’ returns far outdo those of most short-biased hedge funds. Muddy Water founder/CEO Carson Block said he's still short Chinese tutoring company GSX Techedu (NYSE: GSX), which he calls a "near total fraud," though his … “We were able to manage risk and be nimble and move things around intraday,” he said. So far Muddy Waters has lost money on its GSX short. Market Extra ‘We’re at this point where stock markets are just ludicrous,’ says Carson Block Last Updated: Feb. 2, 2021 at 6:33 a.m. … Carson Block’s Muddy Waters Research announced Wednesday it has taken a short position in eHealth Inc., a digital health insurance marketplace company. Block’s latest Chinese short, Joyy, has suffered something of a similar fate. Block is known for documenting and alleging fraudulent accounting practices in publicly traded Chinese companies. Prominent short seller Carson Block is saying that medical device company Inogen Inc has inflated the size of its markets and expects the stock price to fall. Carson Block Defends Short Selling, Says He's "Not Part Of The Establishment" Days after prolific short seller Andrew Left called it quits to focus on long-only research, another well known name in the industry, Carson Block, is stepping in to defend short selling. “There are no medals for valor in … What Block Said: Block, who doesn't have a short position in Nikola, defended the short report and was "impressed" by Hindenburg's research. Block’s latest Chinese short, Joyy, has suffered something of a similar fate. But he acknowledged that the firm had a strong performance in the first half of the year but struggled during the second half — when the market zoomed, and many shorts went parabolic. But even as most short sellers gasped for life, Muddy Waters ended the year up a net 15 percent, according to an investor.
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