RE: Not looking good13 Jul 2018 10:35
That statement of Not posting here anymore didnt last long!! This seems to be chrisp
BREAKING DOWN 'Stock Basher'
Stock Basher refers to a person who spreads false or exaggerated claims against a public company in attempt to devalue a stock. The purpose of stock bashing is usually to drive down the price of a stock so that the stock basher, or the basher’s employer, may purchase the stock at a lower price than it would otherwise be worth.
Bashers create misinformation campaigns, often claiming to have inside information on specific stocks or making hyperbolic claims about future performance of a stock. Stock bashers tend to target stocks of smaller companies rather than widely-held stocks because the markets are more easily manipulated.
In most cases, the stock basher will directly benefit by spreading highly negative rumors, hoping that investors will believe the false claims and sell off stock before it fails, and allow the basher and their backers to purchase the stock and reap greater gains. While this seems to be the primary motivation for most stock bashing, some analysts also speculate that some bashers are simply former employees or stakeholders in a company pursuing revenge.