Oso planning to go pro
Always wondered why people devoted their lives to “public service”. Cough, ahemmm hack hack I’m sure this goes on more often than is reported, but wtf?? I don’t care who or what party. There should be severe penalties
Lol of course you don’t. You’re about the only person I’ve read with that opinion. But fits everything else you’ve provided in this thread.
Agree wholeheartedly. And I believe the Stock Act (2012) makes insider trading (use of material nonpublic information for financial gain) by members of Congress subject to the penalties of the Securities Act of 1933 and the Securities Exchange Act of 1934. If an individual is found guilty of insider trading, the maximum penalty is 20 years in prison and $5,000,000.
I liked it at $200 but love it at $100. I actually don’t hold a position in BA but am going to add some when more dry powder arrives Friday. BA will be fine long term. Don’t feel bad. Everyone has gotten battered the last month.
Futures turned around early this morning, pointing to opening gain.Dow +592.00 S&P +71.00 NASDAQ +284.50Today is Quadruple Witching Watch, expect increase in volatility.
I have mentioned a few times in this thread that I am not a fan of BA. It may be tempting at $100, but a production stop and potential dividend cut will inflict more damage. To me, they seem more like GE than a company that is going to make a V-shaped recovery. Yes, eventually they will be alright, but personally I would wait to invest until they actually show signs of business recovery.Just my opinion, but bottom fishing on this one feels like you might stay at the bottom for a long time. I'd rather focus in stocks that have been pummeled senseless but still have strong business models.
Starting to see reports about Senators dumping stock in late January and early February after receiving classified briefings about possible effects of Coronavirus on the country. So they protected their OWN money while not warning Americans what was coming.
With the Senators running wild for profits after that briefing just imagine what the executive branch has been doing for the last 38 months.
If you look at these trades it really is not a big deal. Some of these senators husbands / wives are worth 100's of Millions of Dollars. The Fact they sold 1 or 2 million worth of stock is so insignificant. I haven't dug any deeper but i would suspect they have trades similar to this throughout the year. Now am i naive to think they don't use insider trading? Nope. But I'm sure they still show current losses in their portfolio.
Same pattern as last week - let's hope for good news over the weekendAnyone looking at BP? $17/share looks tempting...
Illegally trading on inside information is perfectly fine if it is a relatively small part of your portfolio? Got it.
Imagine all the undetected kickbacks that could easily be hidden. And that could be anyone from congress. Send a message to your donors as soon as you're out of the meeting. They buy or sell and look like geniuses.Oh wait, that sort of thing has been going on for decades. Proving it is another story.
interesting how you come to that conclusion from my post. Not sure where i say it is "perfectly fine". I will let the experts and legal hawks tell me if it is legal or illegal. I wont let Fox News, CBS, or CNN tell me.
I didn't post about Congress. I posted about the executive branch.Name all of the previous executive branches in our history where the senior level positions didn't divest their financial holdings upon entering their administrations.
Who's worth 100's of millions?
I invested in BA just over 100 ago... I've regretted it ever since...
Looks like Richard Burr sold most of his net worth if his est net worth is $1-$2 Mil. https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness Loeffler - Estimated combined net worth $500 (most the net worth comes from Jeffrey Sprecher, husband & Chr NYSE)DiFi - various ranges but est around $90 million100's of millions would be incorrect. 10's of millions may be more appropriate.Also inaccurately being reported Ron Johnson had a "stock dump" when it is being reported he sold his portion of ownership in a family company Pacur.