Quoth the Raven #15 - Longfin Halt and SEC Suit Will Crush Longs, Muddy Waters Makes Great Points Defending Short Selling
Longfin Corp (LFIN) stock was halted with the dreaded T12 code today and simultaneously sued by the SEC, almost positively ensuring that if you're long, you're going to face a total loss. QTR talks about the halt, what it means if you're long or short, why CNBC shouldn't be allowed to take credit and why a Tweet put out this morning by Muddy Waters Research is 100% accurate in defending short selling to the President of the NYSE who foolishly called it "icky" in the summer of 2017.
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