General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI think tRump might be manipulating the market.
He could make a huge amount of money for family and cronies by telling them ahead of time that he's going to attack Amazon, or get in a trade war wth China.
The Velveteen Ocelot
(115,693 posts)If there's a way to lie, cheat, grift and steal, he'll find it.
enid602
(8,619 posts)"Carl Icahn Perfectly Timed $30 Million Stock Dump Before Trumps Tariff Announcement" - From https://slate.com/business/2018/03/the-billionaire-financiers-uncanny-prediction-power-strikes-again.html
gratuitous
(82,849 posts)But shorting a stock just before it tanks can work out much better.
A HERETIC I AM
(24,368 posts)If your cost basis on the sale of a long position is roughly the same as the bottom of the short sale, then it's a wash.
Of course, the absolute bottom is zero so there is potentially a greater profit selling short, but that goes to that operative word - "can"
gratuitous
(82,849 posts)If you know ahead of time that the President of the United States is about to go on a days-long tirade against a company, it's pretty safe to bet that company's stock is going to go down. And if you're the one egging him on, you know quite well how much damage he's likely to do. Call the broker on Monday to borrow some shares and sell them, goad Lord Littlehands to slag on the stock on Tuesday, Wednesday and Thursday, buy back those shares on Friday to return to the broker, and pocket a nifty little profit.
LastLiberal in PalmSprings
(12,586 posts)Or maybe the SEC?
asiliveandbreathe
(8,203 posts)LastLiberal in PalmSprings - and I was so hoping to visit Palm Springs this summer on our way back from San Diego...long way 'round the barn (toAZ) ..perhaps you could paint your house Blue for us...
Loki Liesmith
(4,602 posts)enid602
(8,619 posts)I don't know. Ken Starr ended up investigating a blow job when he couldn't get anything else to stick.
wishstar
(5,269 posts)He gets his thrills from anything that makes him center of attention, whether good or bad. But since he has debts and now has such an incredible position of power to influence the markets for profit, seems it would be irresistable for him to not want to take advantage in some way.
brooklynite
(94,571 posts)jberryhill
(62,444 posts)enid602
(8,619 posts)Just yesterday when he announced that National Guardsmen would be sent to our Southern border. He did this to distract from the fact that Russians were being rounded up at US airports. Pretty effective.
brooklynite
(94,571 posts)enid602
(8,619 posts)I was floored to read that our IC was detaining the Russians at the airports, and scanning their personal devices. This should send a concrete message that the IC will not support a TRump coup. I was impressed at the way the Russians/airports story was eclipsed by the NG/border story. Cleverly done.