Posted on 11/23/2018 6:30:04 AM PST by deandg99
George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening. In other words, he made out like a bandit by selling at the peak of the market. Is he smarter than all the rest of us, did he have some inside information, or was he simply lucky? In recent months, tech stocks have lost approximately a trillion dollars in value, and many investors have been absolutely devastated. But not George Soros. According to the most recent filing with the SEC, Soros Fund Management was able to dump shares in Facebook and Netflix just in time…
Soros Fund Management, which Soros founded and chairs, exited social-network giant Facebook (FB) completely in the third quarter, while also slashing positions in Netflix stock (NFLX) and Goldman Sachs Group stock (GS). Those three stocks have tumbled in the fourth quarter so far, with Facebook and Goldman setting new lows Tuesday. They are down almost 20% and 15%, respectively, so far this quarter. Highflying streaming-content giant Netflix has tumbled almost 29% since the end of September.
(Excerpt) Read more at dcdirtylaundry.com ...
Gibbs’ Rule #39...
Maybe he just needed some cash to fund the Central American caravans?
Insider trading, no question.
Highly likely but he will not even be glanced at for it by the SEC or anyone else for that matter. He could be on video thanking someone for insider information and the trade itself and no one would prosecute.
I detest this guy. After all he’s done to markets and currencies over the years, he should be precluded from holding or trading securities.
So now we have blogs stealing from blogs. But you're gone now, so I bet you can't read this.
Lock him up!!
He must have had inside information. He buys people to help him.
How did he do on cattle futures?
Always carry a knife?
Or market manipulation. The Elite are trying to crash the market.
I am far from a Soros fan, but this does not indicate a major strategic position for Soros whose strategic bets are in the billions. It sounds like this was part of liquidating current holdings (as Soros once wrote, the existential question is which currency to hold one's cash in and by cash he didn't mean cash, he meant liquid holdings that would earn a fair return while sitting their while he was looking for the next big move to bet on).
Yes. He IS smarter than the rest of us AND lucky as hell. He survived the Nazis through immoral subterfuge, and made billions via insanely timed huge bets.
Yes. He IS smarter than the rest of us AND lucky as hell. He survived the Nazis through immoral subterfuge, and made billions via insanely timed huge bets.
I think the market slipped BECAUSE he dumped those shares. It’s manipulation.
17 million for Soros is a meal out for me. If that.
Normal people would be in jail for insider trading.
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