Maximum sentence of 370 years! The SEC charged well-known short seller Citron Capital and its founder for multiple instances of tweeting and then reverse trading, which included Meta and Nvidia.
Levoffsky previously shorted multiple Chinese concept stocks, but was killed by retail investors in the short battle at gamestop in 2021.
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Market Clubhouse Morning Memo - July 26th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)