Author
Topic: Misfits Thread
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Cincydawg · « **Reply #1386 on:** April 13, 2020, 10:52:35 AM »

It's not that easy to prove insider trading in most cases. If a person uses a money manager, it's obviously tougher.

And of course, if I KNEW the direction a stock would follow over the next month or so, I'd use options for leverage, I wouldn't just buy or sell the stock.

FearlessF · « **Reply #1387 on:** April 13, 2020, 12:22:32 PM »

perhaps not absolute proof, but I'm not reasonably doubting those Senators are clean.

The evidence I've heard is good enough for me.

How many "other" traders besides those Senators dumped more than a million dollars worth of stock on that day? Perhaps only a few of their close friends and associates such as their stock broker???

Good for them, I'm not on the jury

Cincydawg · « **Reply #1388 on:** April 13, 2020, 12:34:02 PM »

Imagine they sold say two million in stock and used the proceeds to buy another two million in companies that did as poorly? Imagine the sales were conducted by their money managers without their knowledge or input? Imagine the two million is a small portion of their portfolio and they have routinely sold, and bought, two millions worth fairly often at various intervals and this is just more of the same?

There are scenarios wherein this could be perfectly fine.

FearlessF · « **Reply #1389 on:** April 13, 2020, 01:38:48 PM »

yes, I agree, but this is not the scenario as I understand it

Cincydawg · « **Reply #1390 on:** April 13, 2020, 01:45:19 PM »

Loeffler, I think her name is, claims that all her money is externally managed and she has no input. I don't know if that is true or not, but it should be verifiable. The NS Senator asked for a review, so I'll wait and see what that produces. Burr I think he is. Feinstein claimed she did nothing wrong.

I found the news reportage of these events to be, um, poor and misleading, but that isn't a shock.

847badgerfan · « **Reply #1391 on:** April 13, 2020, 01:50:50 PM »

I have managers for almost all of my holdings.

I could call a manager right now and tell him to sell everything and sit in cash, if I thought the market was going to crash tomorrow. It sure seems like that's what these people did, but it's hard to prove. My main manger has managed pretty well for me so far thought this thing. I'm down 7 percent overall, which could be worse.

FearlessF · « **Reply #1392 on:** April 13, 2020, 02:51:19 PM »

so, how many accounts does Loeffler's manager control???

did they all dump over a million dollars, or was it just her's and her manager?

this is not rocket science and you don't need the wiretap tape of the conversation

My guess is that these 5 or so Senators will get a stern reprimand at the most - BULLJIVE!!!

Cincydawg · « **Reply #1393 on:** April 13, 2020, 04:40:44 PM »

I'm all for looking into it, all of it, carefully, I'm just not yet inclined to say I've heard enough to claim they are guilty.

I read several media reports that were highly misleading (there's a shock) relative to known facts. And Loeffler claims all their stocks are managed by someone else, again, check this out and find the truth. She recently claims she moved everything into index funds. She in an election, so one can expect some falsehoods to be perpetrated, and expect her to paint a rosey picture.

SFBadger96 · « **Reply #1394 on:** April 13, 2020, 06:33:37 PM »

White collar crimes are still prosecuted. The Feds still go after insider trading.

The facts for the various senators are not all the same, and from what I understand many, if not all, have pretty good defenses, including: don't manage their stock sales, in blind trust, purchase/sale activity no different than any other time, etc. Made for a good headline, and may snare one or two cheats, but probably isn't as big a deal as the media and online echo chamber would have us believe.

FearlessF · « **Reply #1395 on:** April 13, 2020, 06:56:11 PM »

the one fact that is the same......... five senators that were included in the briefing ALL sold millions of dollars of stock within 24 hours of the meeting

I'd just like to know if this was an oddity or if thousands of other sold nearly everything they had in the market?

also, had these 5 senators EVER sold that much stock at once before?

Cincydawg · « **Reply #1396 on:** April 14, 2020, 07:16:46 AM »

Yup. Those questions should be answered.

Loeffler and her husband have a net worth of about $500 million, most of that invested, so selling say $2 million in a day is probably not an unusual event.

(To note, I barely know anything about her, have no like or dislike for her, and think this should be investigated.)

If any of us have say half a million in stock, and one day sell $2,000, it wouldn't be unusual at all.

The disclosures included that between January 24^th and February 14^th, the couple sold between 1.275 and 3.1 million dollars worth of stocks, in 27 companies, as well as purchasing stocks worth between $450,000 and $1 million, including in Citrix, a collaboration software company.^[25]

MrNubbz · « **Reply #1397 on:** April 14, 2020, 08:03:27 AM »

Quote from: FearlessF on April 13, 2020, 06:56:11 PM

the one fact that is the same......... five senators that were included in the briefing ALL sold millions of dollars of stock within 24 hours of the meeting

I'd just like to know if this was an oddity

it's odd these knobs would think us bereft enough to buy their bullshit

Cincydawg · « **Reply #1398 on:** April 14, 2020, 08:50:46 AM »

Get the facts first, and then draw conclusions.

FearlessF · « **Reply #1399 on:** April 14, 2020, 08:56:26 AM »

Quote from: Cincydawg on April 14, 2020, 07:16:46 AM

The disclosures included that between January 24^th and February 14^th, the couple sold between 1.275 and 3.1 million dollars worth of stocks, in 27 companies, as well as purchasing stocks worth between $450,000 and $1 million, including in Citrix, a collaboration software company.^[25]

I have no like or dislike for her either, not concerned what party she might represent.

This does not seem too far out of line
seems like a decent investigation could narrow things down from $450, 000 and $1 million

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