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Author Topic: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness  (Read 1751 times)

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Online catfish1957

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
« Reply #25 on: March 20, 2020, 03:34:38 pm »
Not really going to pass full opinion yet.

(1) May be bad timing.  Many of us make trades pretty frequently. 

(2) Might be as sleaze bag trying to captialize on inside info.

(3) Bad optics in any case though.
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Offline DB

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
« Reply #26 on: March 20, 2020, 03:50:25 pm »
It always magical how politicians exit "public service" much wealthier than they enter "public service"...

This is just another example of how it all works. Normally a little further out of sight.
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Offline Fishrrman

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
« Reply #27 on: March 20, 2020, 04:11:24 pm »
Joe wrote (in sarcasm, I suppose):
"Keep in mind that the Congress are exempt from insider trading laws"

But... this wasn't "insider" trading (which refers to a person of a certain company selling/buying that same company's stock, isn't that correct?).

Now it appears a few more did it, too, including Feinstein of California, a democrat-communist.

Let me ask anyone reading this a question:
Suppose you had a substantial amount of money in the markets,
and
Suppose you were told that something would soon happen that would severely impact the value of your holdings
then
What would YOU do?
Would you just "sit there and take it"?
Or... would you (too) sell while it was still worth something...?
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Online WhatWouldReaganDo

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparednes
« Reply #28 on: March 20, 2020, 04:34:12 pm »
Quote from: mystery-ak on March 20, 2020, 03:00:14 pm
I hope so...we can't afford to have 3 Repub Senators resign...even if there are Dems involved, they never quit.

Btw...DiFi is involved...
Inhofe needs to let someone else run for his seat this fall.  He's 85 and running for reelection.
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Offline Smokin Joe

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparednes
« Reply #29 on: March 20, 2020, 06:23:56 pm »
Quote from: Fishrrman on March 20, 2020, 04:11:24 pm
Joe wrote (in sarcasm, I suppose):
"Keep in mind that the Congress are exempt from insider trading laws"

But... this wasn't "insider" trading (which refers to a person of a certain company selling/buying that same company's stock, isn't that correct?).

Now it appears a few more did it, too, including Feinstein of California, a democrat-communist.

Let me ask anyone reading this a question:
Suppose you had a substantial amount of money in the markets,
and
Suppose you were told that something would soon happen that would severely impact the value of your holdings
then
What would YOU do?
Would you just "sit there and take it"?
Or... would you (too) sell while it was still worth something...?
Well, like Martha Stewart, I would position my capital to get the best returns.
Martha wasn't a MOC, though, and she did time.
No, I wasn't being sarcastic, BTW. Our Congress has written itself out of a few laws us little people have to abide by.
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Offline sneakypete

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparednes
« Reply #30 on: March 21, 2020, 12:12:07 am »
Quote from: Fishrrman on March 20, 2020, 04:11:24 pm
Joe wrote (in sarcasm, I suppose):
"Keep in mind that the Congress are exempt from insider trading laws"

But... this wasn't "insider" trading (which refers to a person of a certain company selling/buying that same company's stock, isn't that correct?).

Now it appears a few more did it, too, including Feinstein of California, a democrat-communist.

Let me ask anyone reading this a question:
Suppose you had a substantial amount of money in the markets,
and
Suppose you were told that something would soon happen that would severely impact the value of your holdings
then
What would YOU do?
Would you just "sit there and take it"?
Or... would you (too) sell while it was still worth something...?

@Fishrrman

 Not ONE chance in hell I would allow myself and my family to take that hit.
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Offline DCPatriot

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparednes
« Reply #31 on: March 21, 2020, 12:58:28 am »
Quote from: sneakypete on March 21, 2020, 12:12:07 am
@Fishrrman

 Not ONE chance in hell I would allow myself and my family to take that hit.

I'm with you, but it's still not right.

It explains perfectly how they all retire/become millionaires on their middle-class salaries (in DC)
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Offline sneakypete

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Re: Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparednes
« Reply #32 on: March 21, 2020, 04:08:20 am »
Quote from: DCPatriot on March 21, 2020, 12:58:28 am
I'm with you, but it's still not right.



@DCPatriot

Self-defense is never wrong.

It may make you,I,or anyone else uncomfortable,but that doesn't make it wrong.
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Anyone who isn't paranoid in 2021 just isn't thinking clearly!
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