Mark Cuban, billionaire owner of the Dallas Mavericks, has a new little project in the works that is set to rock Wall Street!
His new project sharesleuth.com sets out to uncover dubious practices of public companies. When he and his team uncover these practices they then short shares of the stock prior to publishing their findings on their website.
Effectively, this technique will allow Cuban and his counterparts to profit handsomely from shorting the stocks that they report on. Cuban has already profited over $30,000 from their first published pick.
Effectively instilling panic in the shareholders of these companies will cause them to sell their shares en masse. If the website can become viral and reach enough people, their reports will allow for them to profit handsomely from their efforts.
Let the manipulation begin!