A 3 hour 2900% profit in the market, suspiciously timed with HRC's Epipen tweet
This is just like the Cattle Futures investments, but this only took 3 hours.
Posted on 08/25/2016 9:26:02 AM PDT by Enlightened1
I have an acquaintance who does a significant amount of options trading. He'd bought options on PUMA Biotech based on conversations he'd had with a local Starbucks Barista (the barista had asked him about it, and he'd looked into PUMA). He told the barista to buy what he could. Within two weeks it jumped significantly. It was July 2014 when this occurred.
Check the stock history here (expand to 3-year view and check out the jump in July 2014): http://www.marketwatch.com/investing/stock/PBYI
He went and bought a brand new BMW M4 with the proceeds.
A cow “boy” ?
The barista had purchased enough to make the stock jump that much? What was this, a barista by hobby who was a secret billionaire?
She is not an elected official and their is no law saying elected officials cannot use insider govt. info to profit in the market.
This doesn’t apply in this circumstance.
too true
Correct. Most people don’t know that. (Of course, most Freepers do.)
Hah. No. It was something the barista asked my buddy about. He'd received a small inheritance, and had been looking for an investment. I don't know all the story, but some how, or some way, the barista came across PUMA Biotech (maybe heard of it via a sick relative or something - they do cancer research - my buddy didn't elaborate much, and it's been more than two years). My buddy looked into it, and told the barista it would be a good buy. IIRC, my buddy made the purchase a couple of days before it skyrocketed. He also relayed that his barista friend had failed to purchase anything related to PUMA, and did not make any money off that jump.
Actually, Mr. Douglas is correct. Federal elected officials and their staff are permitted to trade on inside information. Google it for many examples.
Just another case where laws are only for us little people.
Roiding Bull ?
To be fair, IllumiNaughtyByNature is the one that brought it up. I was just agreeing.:)
A few years ago, Congress made a show of including themselves in laws against insider trading. Then they quietly changed the law back to making themselves exempt. Congress has several times recently asserted it is exempt from even being investigated for insider trading.
A 3 hour 2900% profit in the market, suspiciously timed with HRC's Epipen tweet
This is just like the Cattle Futures investments, but this only took 3 hours.
There is no one that is going to buy those puts expiring this week without knowledge that something is coming out.
There is one possible reason... as protection against Yellen tomorrow at Jackson Hole. She could tank the market. HOWEVER, I don’t believe that is the reason they bought those puts.
Neither Hillary or Bill or the Clinton Foundation are elected officials.
Hillary is appointed. Does the exclusion apply to her?
CEO who gouged price of EpiPen is daughter of Democrat senator CHARLESTON, W.Va. — As a pharmaceutical company run by U.S. Sen. Joe Manchin’s daughter faces scrutiny for hiking prices on life-saving allergy injection pens, Manchin is remaining mum. The Democratic West Virginia senator’s daughter, Heather Bresch, is CEO of Mylan, which manufactures EpiPens.
Nope! Members of Congress are exempt from that rule by law.
Illegal aliens can be the difference between life and death. There is no justification for their being here.
I bet that bull is tough as nails. I’d expect very poor fat modeling in the meat on that creature.
But, since tweets like hers are screened and planned, I, again, am assuming someone with knowledge of the tweet and an elected official, make the trade. If it was a unelected, official or a common person, then they would be susceptible to an insider trading violation.
Some animals really are more equal than others...
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