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Gotham’s Batman of Short Sellers Takes Down Spain’s Gowex

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“Short sellers are our first line of defense against the pump-and-dump artists,” said James J. Angel, a finance professor at Georgetown University whose research focuses on equity markets and regulation. “We need to have negative information incorporated into the stock prices to make sure they’re properly priced. And most of the time they’ve done their homework. They’re not right all the time, but they’re usually right.”