Kolek planning to go pro
He was trading stocks on information not publicly released that he received confidentially.Take the name and party out of the equation, and this is a textbook case of insider trading for anyone else.Change the name Burr to Schiff, and the party to Democrat, and I'd be willing to bet you'd change your tune.How about instead, we just make the rules start applying to everyone?
I don't really care about political party..and as I recall there were a couple of Dems who did the same? I understand the insider trading analogy, but again, C-level execs buy and sell in and out of their own companies on the regular. One of the most common investment strategies is to follow the trading activity of insiders in a company. This was a golden rule of the great Peter Lynch. As for "making himself rich," I'd argue he chose not to roll the dice in the market in a time of uncertainty. Just think there are other things one can get triggered on that have more merit than this.
Not sure this needs to be politicized. Not sure you or me or anyone else would hold their positions if they felt a high likelihood of market drop of 30%. Of course we all knew about COVID back in December, January, February, and nothing seemingly changed, until it inevitably made its way here as it has to what, 185 countries?So, he traded on govt briefing info...which of course seems unsettling, but should being a govt official preclude one from making an investment decision? Officers in publicly traded companies can buy or sell shares at any time.That aside, timing the market is a fools errand, and Burr likely has missed out on all of the bounce back since that time. (Which by the way I think is a complete overreaction - this bounce - I anticipate market will take a big step back in July/August as Q2 earnings and unemployment effects are much more fully known.)
It's okay for there to be a guy who's done something wrong with the same letter next to his name as you might put next to yours. The sun will come up tomorrow. Trust me. It's liberating.
Actually I don’t get triggered very easily about politics - only the coaching of Wojo. And Derrick Wilson sent out for 32+ minutes per game leading to a massive underperformance in Buzz’s last year and a 4-14 record in Year 1 Wojo.So. I’m quite liberated as is. Anybody who gets deep into politics as asking to be frustrated AF.
Ok seriously guys. What companies have earnings you're trying to get in on during the pre earning run up? CSCO? HD? LOGI?
carnival-they have cash and a very loyal base. bought in at 12. marathon petroleum corp at $30 cameco is making a move
CCL is a ballsy buy, rocket. I hope it does great for you.
^ better chance they crater out. They're bleeding money.
I'm no investment adviser, and I haven't followed CCL at all, so I'll take your word for it.But I did just see this on Seeking Alpha:In the 3 days following Carnival Cruise's (NYSE:CCL) announcement that it will offer some cruises in August, bookings surged 600% compared to the previous 3 days, and were 200% higher than the same time period in 2019, TMZ reports, citing a rep with Cruise Planners, an American Express travel franchise.And they just got an analyst upgrade:Carnival (NYSE:CCL) is on watch after HSBC Bank upgrades the cruise line operator to a Buy rating from Hold. HSBC notes positive reports keep coming in on 2021 cruise line booking trends and sees Carnival landing the covenant waivers from lenders that it needs for more breathing room. HSBC assigns a price target of $15.90 to CCL.Again, even if I were inclined to agree that CCL will experience way more short-term pain before getting some long-term relief, I still believe what I said to rocket was true - buying CCL was a ballsy move.
It’s already run a lot, but DKNG. They are already position to be the gorilla in the room as more and more states adopt legal sports betting. Earnings on Friday
In the spirit of healthy discourse and getting back to investing banter - I don't get the recent runup and I don't see how their earnings are going to be anything but atrocious... aside from my degen buddy wagering on eSports, who's betting on anything right now? Tough for me to buy into.
https://www.latimes.com/politics/story/2020-05-13/fbi-serves-warrant-on-senator-stock-investigationI was informed that both sides do it so it's not wrong. Was I misinformed?