I was confused about this comment, and wish the article explained it more.
When Muddy Waters first put out the tweet, were they:
(a) planning an investigation of NMC, and the market validated their suspicions when the stock dropped?
(b) planning an investigation of another firm, but then when NMC stock dropped thought "Hey, did we just freak out a bunch of in-the-know traders that something fishy is going on with NMC?" and then start the NMC investigation based on that? If this is the right answer, what was the other firm they were planning to investigate?
(c) not really planning an investigation of any firm in particular, but threw out that tweet in the hopes that someone would bite, and when NMC traders "bit" by selling, that's when they started their investigation?
When Muddy Waters first put out the tweet, were they:
(a) planning an investigation of NMC, and the market validated their suspicions when the stock dropped?
(b) planning an investigation of another firm, but then when NMC stock dropped thought "Hey, did we just freak out a bunch of in-the-know traders that something fishy is going on with NMC?" and then start the NMC investigation based on that? If this is the right answer, what was the other firm they were planning to investigate?
(c) not really planning an investigation of any firm in particular, but threw out that tweet in the hopes that someone would bite, and when NMC traders "bit" by selling, that's when they started their investigation?