Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD
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@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Never even understood why short selling was legal.
I certainly dont listen to people that do that as their sole source of income.
That webpage is worse than one of those click bait articles on MSN i click accidentally sometimes when Edge opens.@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Never even understood why short selling was legal.
I certainly dont listen to people that do that as their sole source of income.
That webpage is worse than one of those click bait articles on MSN i click accidentally sometimes when Edge opens.Short selling has to be legal. How evil would it be to make you not allowed to set prices for selling things that you own? Think about that, if the market drops and it's illegal to sell and you are forced to hold until bankruptcy!
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Short sellers typically don't own the stock they are selling.
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned (usually borrowed), and subsequently repurchasing them ("covering"). In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase.
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@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Short sellers typically don't own the stock they are selling.
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned (usually borrowed), and subsequently repurchasing them ("covering"). In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase.
Yes, but you can't remove that part of the market. All investing is investing "against" something. You can't isolate certain types and limit it. Forcing people to only invest in growth and never in shrinkage is a huge problem.
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@scottalanmiller Paid to make this stuff up, or just paid to find overvalued stocks and bubbles to catch on the way down when the bubble bursts? I know very little about this guy. This is the first I've heard of him and I understand how short-sellers and pump-and-dumpers work, I'm just wondering if there's any legitimacy to his claim or not.
Personally, I'm in agreement with others that I'll continue using Ubiquiti moving forward as I watch this unfold.
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@momurda Short selling is an EXTREMELY risky business, but it can potentially come with great reward as well. Although I've not personally shorted a stock/industry/market as of date, I have played with some strategies in the past using fake accounts and had success. I mean how else am I supposed to make money off of $SNAP if I can't short it??
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@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
They sound like Donald Trump writing Facebook ad copy.
Thanks a lot. Now my monitor has coffee all over it from laughing mid sip. Lol
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@momurda Short selling is an EXTREMELY risky business, but it can potentially come with great reward as well. Although I've not personally shorted a stock/industry/market as of date, I have played with some strategies in the past using fake accounts and had success. I mean how else am I supposed to make money off of $SNAP if I can't short it??
Investing period is risky, it's government sanctioned gambling. There is nothing to prove that the business just isn't absconding with your money once you "buy stock" in them.
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@dustinb3403 totally untrue.
Gambling, the house always wins over time.
Investing, the investor always wins over time. -
@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Never even understood why short selling was legal.
I certainly dont listen to people that do that as their sole source of income.
That webpage is worse than one of those click bait articles on MSN i click accidentally sometimes when Edge opens.Stock markets exist for speculation. If you think shorting is bad google "scalping futures".
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@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Honestly it's Citron that looks like fraud. That article is straight out of Facebook "You'll be shocked to learn what happened next...." land. It's red flags of false journalism all over it.
Do they make a point? Not one that I saw. Basically they sound jealous. Their complaints are that UBNT is doing well and they don't like the CEO. They don't complain about anything real. Just words used and the success numbers. And Citron goes on and on about how they expose more fraud than anyone. They sound like Donald Trump writing Facebook ad copy.
I agree but almost anything legit in wallstreet has this feel. Andrew Left has been on CNBC and has been right in the past. I think with some issue with the way some drug companies inflated sales.
However, after watching the video, he clearly is wrong about the way the community works. While there are definitely not 4 million ACTIVE community members we are all big fans of UBNT and I see it regularly recommended, particularly over Netgear. And yes, UBNT makes Netgear look like idiots.
Still this insane camera on a necklace thing smacks of dissolution and perhaps a grasping at straws for a miracle product to fix hidden woes.
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@bigbear said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Never even understood why short selling was legal.
I certainly dont listen to people that do that as their sole source of income.
That webpage is worse than one of those click bait articles on MSN i click accidentally sometimes when Edge opens.Stock markets exist for speculation. If you think shorting is bad google "scalping futures".
I think that's bold. Does speculation occur in the stock market? Yes. Are derivatives of the market such as options, futures, etc. speculative? Yes. To say they EXIST for speculation though I'm not sure I agree with. I think if purchasing stock in a company is "speculative" then so is purchasing real-estate for the purpose of renting it out. So is buying into a franchise restaurant. There's a difference between an investment and speculation (although sometimes this line is somewhat blurry).
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@zachary715 said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@bigbear said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Never even understood why short selling was legal.
I certainly dont listen to people that do that as their sole source of income.
That webpage is worse than one of those click bait articles on MSN i click accidentally sometimes when Edge opens.Stock markets exist for speculation. If you think shorting is bad google "scalping futures".
I think that's bold. Does speculation occur in the stock market? Yes. Are derivatives of the market such as options, futures, etc. speculative? Yes. To say they EXIST for speculation though I'm not sure I agree with. I think if purchasing stock in a company is "speculative" then so is purchasing real-estate for the purpose of renting it out. So is buying into a franchise restaurant. There's a difference between an investment and speculation (although sometimes this line is somewhat blurry).
While I agree, if long term investment was the primary function for the NYSE we probably wouldn't have the same kind of wall street.
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I don't understand what the video is supposed to show?
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@jaredbusch said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Not sure what HPE is doing with it all now.
This topic should fork, but I just configured my first Aruba branded HP Procurve today. I needed something with MAC filtering and as much as I looked, I couldn't find a Ubiquiti switch that did that. (I'm posting this in hopes someone can point out that they now have it.)
At any rate, the switch shipped with an HP firmware and Aruba painted on the outside. I poked around the web interface long enough to find the firmware update and then updated the firmware. The Aruba interface was way better visually. I don't know if any functionality was added, but there were a few things missing from the GUI. For example, you could set MAC address filtering on a port, but you couldn't view the MAC table in the GUI.
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Looks like the SW brigade is jumping on this dogpile...
https://community.spiceworks.com/topic/2054077-ubiquiti-networks-a-fraud?source=superfeed
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@mike-davis said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@jaredbusch said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Not sure what HPE is doing with it all now.
This topic should fork, but I just configured my first Aruba branded HP Procurve today. I needed something with MAC filtering and as much as I looked, I couldn't find a Ubiquiti switch that did that. (I'm posting this in hopes someone can point out that they now have it.)
At any rate, the switch shipped with an HP firmware and Aruba painted on the outside. I poked around the web interface long enough to find the firmware update and then updated the firmware. The Aruba interface was way better visually. I don't know if any functionality was added, but there were a few things missing from the GUI. For example, you could set MAC address filtering on a port, but you couldn't view the MAC table in the GUI.
This is a start
https://community.ubnt.com/t5/EdgeSwitch/Mac-Filtering-on-EdgeSwitch24/td-p/1375891 -
Ben from Ubiquiti posted this:
https://community.spiceworks.com/topic/post/7229213
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JB has already posted that enabling features tanks performance - but what do you want from a $100 firewall? JB recently purchased an 8 port ER. it would be interesting if he has time to test it like he did the last one.
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Even a 50/50 line would be unaffected by the QoS policies being enabled on an ERL. You have to be higher than that to see it.
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@dashrender said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
This is a start
https://community.ubnt.com/t5/EdgeSwitch/Mac-Filtering-on-EdgeSwitch24/td-p/1375891Thanks. I saw that and then saw posts like this one that are more recent and seem to conflict:
https://community.ubnt.com/t5/UniFi-Wireless/Mac-address-filtering-2017/td-p/1838775So then I then I went to the website and downloaded the datasheet and couldn't find the feature listed:
https://dl.ubnt.com/datasheets/unifi/UniFi_Switch_US-24_US-48_DS.pdfI should have checked out the EdgeSwitch....
