this post was submitted on 18 Sep 2023
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Step 2 is sell/short stock not revert idiotic changes
That's step 0. They've already done it.
I don't know whether you care about the specifics, but just in case you do...
Selling stock you own before a price drop isn't selling short. Insider trading yes, but not selling short.
Selling short requires you borrow stock you don't own and then sell it, with a promise to purchase it later. If you know a price drop is coming, then you make money on the fact that you've sold it at a higher price than you need to pay to purchase it.
The comment I was replying to said "sell/short", either being strategies to protect yourself when you've got insider info that your company is about to hemorrhage money.