3 Short-Selling Brothers Find a Gold Mine in Irvine's Lincoln - 1990-03-11
3 Short-Selling Brothers Find a Gold Mine in Irvine's Lincoln March 11, 1990,
In April, 1987, when federal regulators were investigating suspicious dealings at American Continental Corp., three brothers in Palo Alto were laying a bet that the regulators would find trouble.
The Feshbach Bros. -- Joe, Kurt and Matt -- are owners of the nation's largest short-selling investment firm and were actively building a short-stock position in American Continental, selling shares they did not own in the belief that the stock would fall and that they could buy the shares back later at a much lower price.
Wikipedia cite:
{{cite news | first = Brian | last = Rooney | title = 3 Short-Selling Brothers Find a Gold Mine in Irvine's Lincoln | url = http://articles.latimes.com/1990-03-11/business/fi-550_1_short-selling-investment | work = Los Angeles Times | date = March 11, 1990 | accessdate = January 14, 2017 }}
