3 Short-Selling Brothers Find a Gold Mine in Irvine's Lincoln - 1990-03-11

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F47.png 3 Short-Selling Brothers Find a Gold Mine in Irvine's Lincoln March 11, 1990, Brian Rooney, Los Angeles Times

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.


{{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 }}