Emulex lost two billion dollars in market cap when a fake press release was posted to Internet wire and investors freaked out. Shares in Emulex’s sector also took a pounding as investors reacted to the fake news. Investigators are looking at investors who shorted the stock as potential suspects. The herd mentality among investors never ceases to baffle me.
Emulex lost two billion dollars in market cap when a fake press release was posted to Internet wire and investors freaked out. Shares in Emulex’s sector also took a pounding as investors reacted to the fake news. Investigators are looking at investors who shorted the stock as potential suspects. The herd mentality among investors never ceases to baffle me.
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