I think the market slipped BECAUSE he dumped those shares. It’s manipulation.
I don’t know. Take a company like NFLX. The stock was selling at something like 100x forward earnings. Trees don’t grow to the sky. Basically, everyone in the U.S. and Europe who wants a NFLX account already has one. The company is spending like a drunken sailor on content—pouring out billions on mediocre shows from has-been actors, directors and politicians. Credit the devil where he’s due... Soros recognized a top in ridiculously over-hyped stock and got the hell out.
“I think the market slipped BECAUSE he dumped those shares. It’s manipulation.”
Bingo. I heard Jim Rogers talk once and someone asked his opinion of an investment. He said he didn’t give them because right or wrong they could influence the market. Sounds egotistical, but probably correct.