What if Elon Musk were behind the fake Ely Lilly account and tweets

[Kennah]

And it were found that he bought Ely Lilly stock after the price fall?

[Native]

1. That would be delicious.

[questionseverything]

2. That would be stock manipulation

[zuul]

6. And it wouldn't be the first time Musky did it.

[Journeyman]

3. I believe the proper way to phrase your question is: "Would it surprise anyone to learn . . .

[Kennah]

8. I think I'd know the answer to that question

[orleans]

4. oooooh. i hadn't thought of that. but maybe the musk did. nt

[Qutzupalotl]

5. or shorted it before the tweet.

I doubt it was either. He does not seem to plan his actions in advance, and he does not seem very smart about a lot of things.

[Lettuce Be]

7. My guess is he shorts before attack

For anyone that doesn't trade stocks and whatnot, shorting means you are betting the stock price will go down (rather than buying where you want price to rise). You can make money in either direction.

I think Musk was doing this with Twitter. Why make an offer to buy then immediately trash it and cause it's price to fall? Oh, yeah, that's so the price might take a dip; then he takes his profit (gets out of the trade). I'd imagine he would get a huge kick out of manipulating the markets.

The problem is, it's exactly what he's doing, manipulating the markets, and it's illegal. He's done it multiple times.