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$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

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Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#241

Post by CuriouslyC »

consumer451 wrote: post #225
StormChaser_5 wrote: post #165

Earlier quoted context omitted.

Not sure that's true. America's military keeps peace for trade to happen in a lot of the world... Not always successfully but it's there. That works because they have the reserve currency and can therefore print money for free. Which benefits the US greatly in all sorts of ways. But everyone else also sees some good. If that goes away its going to have impacts on everyone else as well as America. Maybe not as much of…

I agree. I would argue that Pax Americana has been pretty great for even the USA's supposed "arch enemies." My gut feeling is that everyone loved that stability, whether friend or foe, and the fact that it's now gone will mess everyone up. I am biased here, but I look forward to the next century of Pax Europa. This is the only way forward.

Europe isn't playing aggressively enough or really doing enough to innovate. China is in a position to reap a huge windfall from Trump putting the US in the dumpster. China will bring Europe into the fold with the promise of gradual reforms, and they'll win the global south with soft power and trade agreements.

My fear is that Trump sees America's position eroding quickly relative to China before his eyes and decides to do something an order of magnitude dumber than anything he's done before.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#242

Post by netsharc »

mattkevan wrote: post #140
eru wrote: post #33

Earlier quoted context omitted.

With a bit of luck, you only have to wait for 2 years, when Congress changes hands.

Bold to assume there are going to be elections. All it needs is some kind of emergency, genuine, imaginary or self-inflicted, and ‘Oh no, we can’t possibly hold elections until our time of national crisis is over.’

Probably much easier to rig the elections, just like dozens of "we're democratic!" dictators have done. Erdogan, Putin, Mugabe, Suharto...

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#243

Post by bigbacaloa »

w10-1 wrote: post #137
svg7 wrote: post #19

While I have no doubt that insider trading happens quite regularly, I would not jump to that conclusion here. IIRC the previous day, big Wall street names were advocating for a pause in tariffs . So a lot of people placed bets accordingly. Also staking 2.5M is "small change" for true insiders.

> So a lot of people placed bets accordingly But why not earlier in the day? Why this unique volume spike then? The one $2.5M is just a sample trade, part of a historic spike. No one's jumping to conclusions, but it should trigger an investigation.

[dead]

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#244

Post by LeafItAlone »

Jensson wrote: post #169
LeafItAlone wrote: post #79

Earlier quoted context omitted.

Let’s be real: Pelosi became famous for it because right-leaning groups were looking for yet another thing to put on her and then it was picked up by WSB and became a meme. Pelosi’s rate of return isn’t the highest (in 2024, it was 10th, less than half the highest). If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech. https://www.fool.com/research/congressiona…

> If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech. But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? "On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market." Selling whenever a company gets into regulatory…

>Why did they sell a lot of Visa stocks?

Ok, I guess you got me there. I guess there is no explanation why they sold $500k-$1m Visa on July 01, 2024, almost 3 months before the Sep 24, 2024 DOJ lawsuit. It's not like Visa was in a already in in a slump since the beginning of the 2024, going in the opposite direction of their tech-based stocks [it was]. It's not like they have been slowly shedding Visa for the past decade, every couple of years [they have been]. And they must certainly have closed out their full position in Visa at tht time [they didn't]. In theory it could be possible that they were shedding that to load up on $2m-$10m of NVDA around the same time [like everybody else was]. But that would be too convenient [it's not]. And they certainly made the right choice, Visa currently being ~22% above the point that they sold at; they sure saved a lot of money doing that [they lost out on money].

Rather than taking for gospel what the leader of the opposing party and it's media arms are telling you to believe (especially when many get the value wrong), I strongly urge you to consider the factual data and draw conclusions for yourself.

And then, when you want to basically match Pelosi's trades - go load up on VOO or similar like the rest of us did in 2024.

- https://finance.yahoo.com/quote/V/ - https://portfolioslab.com/tools/stock-comparison/V/VOO - https://www.quiverquant.com/congresstrading/politician/Nancy... - https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/202... - https://disclosures-clerk.house.gov/FinancialDisclosure

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#245

Post by tmcb »

eastbound wrote: post #213
miramba wrote: post #186

Earlier quoted context omitted.

> wokeness on the left… I am directly threatened by their program. Could you please explain what that threat is exactly, and what kind of “concessions to white males” you would have in mind?

I’ll candidly assume that this is not a rhetorical question aimed at making me pass as a spoiled child, as is frequent with leftism: - AOC, known as “the squad” (!), has claimed the Congress has too many white males. President Macron said the same about the US tech sector, and he’s not even part of the extremists, so this issue permeates society. Basically everyone says white men should be fewer of them. This is a di…

If you are eating too many carbs and you go to the doctor and he says "you should be eating way less carbs", he is not necessarily telling you to quit all carbs from your diet cold turkey.

It is safe to say that men are ~50% of any country's demographics. If you find any position of power and prestige where they are over-represented, it is safe to assume that there is an imbalance. People will come up with excuses for such imbalance, but one cannot deny that there is such an imbalance there.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#246

Post by [deleted] »

ctippett wrote: post #37

404 Media reported a story on Monday[1] about a news outlet that claimed there'd be a 90-day break on tariffs for all countries besides China. This was published a few days before the official announcement. So someone, somewhere, knew something before everyone else. [1] https://www.404media.co/benzinga-news-service-that-falsely-r...

[deleted]

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#247

Post by LeafItAlone »

rvz wrote: post #216
Jensson wrote: post #169

Earlier quoted context omitted.

> If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech. But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? "On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market." Selling whenever a company gets into regulatory…

> But what about the ones that very obviously are? Why did they sell a lot of Visa stocks? That's a good question and let's use that example. According to the article and as you mentioned, they sold Visa stock less than 3 months ago and THEN the DOJ filed a lawsuit against the company. So how did Pelosi know that that would cause the stock to drop and the DOJ was going to file it? The lawsuit wasn't public months ago…

>So how did Pelosi know that that would cause the stock to drop and the DOJ was going to file it? The lawsuit wasn't public months ago and it is related to none other than the government which she has access to.

>Then she traded with that information with no downside risk which she benefited from.

>If that is not an insider trading loophole, I don't know what is.

Yes, if you start with the conclusion (that she traded because of the impending DOJ lawsuit), then, yes, you will reach the conclusion that she insider traded because of the DOJ lawsuit.

If you instead ask why they might have traded Visa at the time they did, you will see that there were many valid reasons that they (and many, many others) decided it was a good time to sell. And as it turns out, they were all wrong, because Visa is up compared to the broad market since their sell date (July 1, 2024).

https://portfolioslab.com/tools/stock-comparison/V/SPY

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#248

Post by atombender »

johanvts wrote: post #111
delusional wrote: post #99

Earlier quoted context omitted.

> It'll get a lot worse before it gets better. Importantly, there's no guarantee it's actually going to get better. We like to pretend that human existence has some trajectory towards "justice" or "prosperity". I don't think that impulse does us justice. Stalin/Lenin could have won. Hitler could have won, Napoleon could have conquered and held. It could just get worse.

Oppression and corruption is expensive. Systems based on them are not going to be competitive in the long run.

Systems based on oppression and corruption can still be extremely resilient. Countries like Russia, North Korea, China, Belarus, Cambodia, Eritrea, and Venezuela have all lasted many decades.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#249

Post by Epa095 »

eastbound wrote: post #226
master-lincoln wrote: post #190

Earlier quoted context omitted.

What left are you talking about? The Democratic Party in the USA would be seen as neo-liberals too from outside the US. Calling it "the left" just shows how delusional the society in the USA seems to have become...

> The Democratic Party in the USA would be seen as neo-liberals too from outside the US Incorrect: This is an old argument from the left to pretend that US leftism isn’t very left. Truth: The US government is in debt of 6 trillion per year, which makes it the most powerful government of the world. The right’s “Atlas Shrugged” vision is to have a very lean government, as in, weak and powerless as possible. Conclusion:…

OP should have said that "The Democratic Party in the USA IS seen as neo-liberals too from outside the US".

There is obviously multiple axises you can place the left/right on. If you want to define anyone who accepts debt as 'left', and thus the USA is leftish then... ok whatever floats your boat. Just be aware that the rest of the world sees concepts like universal healtcare and education as more important than how much debt you accept. Using debt to pay for a huge military and unsustainable low taxes is not a typical leftish view.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#250

Post by 2muchcoffeeman »

lazide wrote: post #238
radicalbyte wrote: post #98

Earlier quoted context omitted.

I'm pretty sure that the damage is done. It will take a few years, maybe even a decade, but the USD will no longer be the defacto reserve currency.

I remember when everyone said the Euro was the new reserve currency - even a Bond film used it as a plot point. Came to nothing.

But things can change no? Like the country whose currency we use becoming untrustworthy. Do you think the world watched the first trump presidency and thought to do nothing?
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