Short Selling: Successful Short Selling Experts Expose Stock Market Fraud

Author: Manuel P. Ashcraft
Publisher:
Publication Date: 2002-08-01
Features: "Short Selling" narrates the thrilling dark behind the streets of Wall Street with captivating readability, like a detective novel. Ashcraft is a brave warrior who exposes one by one the true faces of overvalued, corrupt companies. — Tony Shafrazi Tony Shafrazi Gallery "Short Selling" has a touch of comedy, a touch of tragedy, and a touch of humor. Ashcraft reveals to us the real world behind the glamorous facade: fund managers in suits buying junk stocks, losing millions in the end. If short selling appeals to you, you shouldn’t miss this book; if you’d rather die than engage in short selling, you should read it even more to ensure your long positions aren’t a gold mine. — Parker Quilcap Quilcap Company
Is short selling a dirty deal or a reasonable and important part of a free and open market? This book tells the story of Manuel Ashcraft, a successful and controversial short-selling expert, and Ashcraft’s company. Unlike financial companies that profit from rising stock prices, Ashcraft’s company makes money from falling stock prices. The more the stock falls, the richer Ashcraft’s profits. While most companies play by the rules, releasing truthful information and working hard to make profits for shareholders, a small portion of them often publish false messages to defraud and make illicit gains. As Ashcraft exposes the true faces of these fraudulent companies, he earns what he deserves. Along the way, he faces conflicts, legal battles, and media attacks. But when his exposé is proven correct, all the accusations and criticisms fade away, and Ashcraft becomes the most successful short-selling expert. Those who pay close attention to his reports and take appropriate actions ultimately benefit. In this lively and engaging book, Manuel Ashcraft records his "great masterpiece." These stories show that anyone can get involved in scams. Perhaps you can’t practice these hostile and confrontational short-selling operations, but you can learn how to identify overvalued companies and terminate their stock operations, allowing you to better avoid deceptive stocks. Maybe you currently hold such a stock, and this book is undoubtedly a timely lifesaver. If you’re confused about the inner workings of the stock market, this book is of immense value.