Author Topic: Stocks  (Read 510910 times)

Offline zh cohen

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Re: Stocks
« Reply #5160 on: January 24, 2021, 08:29:56 PM »
But its public record so its legal. Sigh.

What am I missing? ELI5

Offline PlatinumGuy

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Re: Stocks
« Reply #5161 on: January 24, 2021, 08:31:43 PM »
What am I missing? ELI5
My understanding was that he thinks it is corrupt for public officials to profit from companies they can influence and are privy to exclusive material information.
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline zh cohen

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Re: Stocks
« Reply #5162 on: January 24, 2021, 08:38:17 PM »
My understanding was that he thinks it is corrupt for public officials to profit from companies they can influence and are privy to exclusive material information.

Did she have any influence or inside info regarding Tesla?

Offline PlatinumGuy

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Re: Stocks
« Reply #5163 on: January 24, 2021, 08:43:55 PM »
Did she have any influence or inside info regarding Tesla?
I don't know, but I think his issue was with the macro influence and knoweldge of the broader stock market via stimulus / taxes / regulation etc.

I may be mistaken but in Israel I believe politicians are required to place their investments in blind trusts (of course they are way more corrupt there)
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline yos9694

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Re: Stocks
« Reply #5164 on: January 24, 2021, 09:29:02 PM »
Insider trading used to be legal for senators and reps but became illegal recently. However, they continue to do insider trading without consequence. Most people looking at that slate of buys will assume insider trading and be angry about it.

Perception is reality so it would really help if elected officials were required to pre-schedule trades like the SEC requires executives to do. Problem is that by doing so we would all be able to copy their moves

Offline PlatinumGuy

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Re: Stocks
« Reply #5165 on: January 24, 2021, 09:57:43 PM »
Insider trading used to be legal for senators and reps but became illegal recently. However, they continue to do insider trading without consequence. Most people looking at that slate of buys will assume insider trading and be angry about it.

Perception is reality so it would really help if elected officials were required to pre-schedule trades like the SEC requires executives to do. Problem is that by doing so we would all be able to copy their moves
AFAIK they're still allowed to trade on exclusive information relating to politics that can affect a stock.
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline AsherO

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Re: Stocks
« Reply #5166 on: January 24, 2021, 10:32:55 PM »
Thanks PG, you pretty summed up my issues with Pelosis Tesla bet.

It bothers me that people in positions of power and influence can throw their money around with such speculative investments. It makes them biased in the interests of their money rather than in the interests of the American people.

Dont ask me what the ideal system looks like, its possible that this is the least evil of all political systems, but it still has major flaws.

Offline madhocker

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Re: Stocks
« Reply #5167 on: January 25, 2021, 09:27:45 AM »

Offline avrohomgelb

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Re: Stocks
« Reply #5168 on: January 25, 2021, 09:29:47 AM »
hope you didn't sell yet  ;D
Don't own but wow

Offline elazarmn

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Re: Stocks
« Reply #5169 on: January 25, 2021, 09:39:16 AM »
I dont get it! Whats driving it

Offline halluc1nati0n

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Re: Stocks
« Reply #5170 on: January 25, 2021, 01:49:48 PM »
TSLA went up 30% in the past month. She made out like a bandit.

Offline PlatinumGuy

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Re: Stocks
« Reply #5171 on: January 25, 2021, 01:55:05 PM »
TSLA went up 30% in the past month. She made out like a bandit.
Only if it stays that way until her strike date in 2022 (though I guess she can sell the options for a nice profit already)
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline ExGingi

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Re: Stocks
« Reply #5172 on: January 25, 2021, 04:12:56 PM »

Can't say I'm surprised, and I won't be surprised if this is true again in 2021. It's been quite a good holding.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline PlatinumGuy

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Re: Stocks
« Reply #5173 on: January 25, 2021, 04:34:17 PM »
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline yos9694

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Re: Stocks
« Reply #5174 on: January 25, 2021, 11:06:12 PM »
He's weeks behind making breaking news about it.

What redditors are doing is a cross between gambling and a pyramid scheme. Enjoy as a spectator unless your risk appetite is voracious.