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Trump possible insider trading


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3 hours ago, legendsofthefall said:
From twitter:
 
Replying to @thehill

Trump’s buddy Carl Icahn dumped $31 million worth of steel company stock days before Trump announced plans to impose steep tariffs on steel imports which just crashed the market. Insider trading!

9:34 AM - 2 Mar 2018

That trade was poorly timed if he had inside information. If he had bought the steel stocks days before it would have looked highly suspicious, but would have been profitable. But selling days before? He just left a lot of money on the table as steel stocks were all up on the Trump news.

Icahn is a seasoned, unscrupulous pro. So if he was going to profit from Trump, he would have wanted to know something like this months in advance, so he could have accumulated the stocks in less suspicious fashion. Of course, given Trump's volatility, that may have been impossible since he probably made his decision to make the market moving announcement just days ago at best. 

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36 minutes ago, legendsofthefall said:
From twitter:
 
Replying to @thehill

Trump’s buddy Carl Icahn dumped $31 million worth of steel company stock days before Trump announced plans to impose steep tariffs on steel imports which just crashed the market. Insider trading!

9:34 AM - 2 Mar 2018

Glad you are not my investment advisor.

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18 minutes ago, DarterBlue said:

That trade was poorly timed if he had inside information. If he had bought the steel stocks days before it would have looked highly suspicious, but would have been profitable. But selling days before? He just left a lot of money on the table as steel stocks were all up on the Trump news.

Icahn is a seasoned, unscrupulous pro. So if he was going to profit from Trump, we would have wanted to know something like this months in advance, so he could have accumulated the stocks in less suspicious fashion. Of course, given Trump's volatility, that may have been impossible since he probably made his decision to make the market moving announcement just days ago at best. 

What?

You can do much better than this.

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