Ex-Trump adviser sold $31m in shares days before president announced steel tariffs

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GagHalfrunt

Lifer
Apr 19, 2001
25,297
2,001
126
You people are freaking idiots. Nobody needed insider information to know this was coming. It's been coming for an entire year and heated up in November and December 2017. Carl Icahn did not become a gazillionaire without being able to read the writing on the wall.

You would need to have your head up your ass to not know it was going to happen soon. Which explains this thread.
 

UberNeuman

Lifer
Nov 4, 1999
16,937
3,087
126
You people are freaking idiots. Nobody needed insider information to know this was coming. It's been coming for an entire year and heated up in November and December 2017. Carl Icahn did not become a gazillionaire without being able to read the writing on the wall.

You would need to have your head up your ass to not know it was going to happen soon. Which explains this thread.

No one needed a crystal ball to know you'd be here to carry Trump's piss bucket. lol.
 
Reactions: FIVR

jackstar7

Lifer
Jun 26, 2009
11,679
1,944
126
It's not very much money for a guy like Icahn.
My understanding of those sort of super-rich folk is that they consider every dollar added to their wealth to be worth the effort, and the effort to prompt that baboon to do this would have been minimal.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
My understanding of those sort of super-rich folk is that they consider every dollar added to their wealth to be worth the effort, and the effort to prompt that baboon to do this would have been minimal.

I figure if Icahn wanted to set up a score he'd go for a much bigger one. Which isn't to say he won't take any opportunity handed to him, of course.
 

FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
The really funny part about all this trade war talk (or worse, actual trade wars) is that they actually do nothing to "protect" the people employed by these various industries. The people working for these companies will still have to pay more for literally everything. Tariffs work both ways and these companies will retaliate.


Idiots like Trump and Bernie Sanders think that trade is a zero-sum game. There is something called opportunity cost to produce any one product, and those opportunity costs are different for each nation. It is more efficient for each nation to produce the things which have the lowest opportunity cost and then trade those items with other nations which will in turn produce other items.

These retards, exemplified by the Bernie Bros and people like spaghetti-monster above, are so stupid they don't understand basic macroeconomic principles like opportunity cost, so they fantasize about "protectionist" trade policies. Luckily, until now, America has been smart enough to never give these imbeciles any job of importance, so their ignorant fantasies were just that - stories read about in books. Now that we have the ultimate retard in charge of the country, these policies can become reality!
 

Thump553

Lifer
Jun 2, 2000
12,726
2,501
126
You people are freaking idiots. Nobody needed insider information to know this was coming. It's been coming for an entire year and heated up in November and December 2017. Carl Icahn did not become a gazillionaire without being able to read the writing on the wall.

You would need to have your head up your ass to not know it was going to happen soon. Which explains this thread.

Well I'm still waiting for Mexico to pay for his wall-he said he make that deal in a day.

I'm also waiting for him to wipe out ISIS. That was to take two weeks and he was going to use his "secret plan."

You do have a point Trump bleated about tariffs often in his stump speeches. But your answer shows you know squat about the stock market. Timing is everything there. Following your reasoning Ichan should have dumped this stock in early January 2017-and missed a solid year of price run up.
 
Reactions: feralkid

gamervivek

Senior member
Jan 17, 2011
490
53
91
It is possible no Insider Trading happened here, but it certainly needs investigated.

Nope.

https://www.cnbc.com/2018/01/22/trump-gets-recommendations-to-fight-steel-aluminum-dumping.html

Remember the high crimes Fox News and the righties claim Obama committed?

Not wearing flag pin
Wearing tan jacket on the Oval Office

I guess the standards are higher for the Negro

hahah amazing, it's not like the affirmative action President wasn't mollycoddled by the American media, the 'if if if if if .... okie doke' stutterer in chief heralded as a great orator.

http://articles.latimes.com/2011/may/26/opinion/la-oe-daum-obamaspeak-20110526

The standards were really higher for the Negro in white house, just like the American college system,

 

hal2kilo

Lifer
Feb 24, 2009
23,651
10,515
136
Nope.

https://www.cnbc.com/2018/01/22/trump-gets-recommendations-to-fight-steel-aluminum-dumping.html



hahah amazing, it's not like the affirmative action President wasn't mollycoddled by the American media, the 'if if if if if .... okie doke' stutterer in chief heralded as a great orator.

http://articles.latimes.com/2011/may/26/opinion/la-oe-daum-obamaspeak-20110526

The standards were really higher for the Negro in white house, just like the American college system,

Nice diversion.
 

interchange

Diamond Member
Oct 10, 1999
8,022
2,872
136
The really funny part about all this trade war talk (or worse, actual trade wars) is that they actually do nothing to "protect" the people employed by these various industries. The people working for these companies will still have to pay more for literally everything. Tariffs work both ways and these companies will retaliate.


Idiots like Trump and Bernie Sanders think that trade is a zero-sum game. There is something called opportunity cost to produce any one product, and those opportunity costs are different for each nation. It is more efficient for each nation to produce the things which have the lowest opportunity cost and then trade those items with other nations which will in turn produce other items.

These retards, exemplified by the Bernie Bros and people like spaghetti-monster above, are so stupid they don't understand basic macroeconomic principles like opportunity cost, so they fantasize about "protectionist" trade policies. Luckily, until now, America has been smart enough to never give these imbeciles any job of importance, so their ignorant fantasies were just that - stories read about in books. Now that we have the ultimate retard in charge of the country, these policies can become reality!

It's mainly a recipe for inflation. There can be a domestic advantage if a US producer has capacity to ramp up supply and is suddenly more price competitive. Otherwise, especially with the reciprocal moves, the buck just ends up being passed on to the consumer. Whatever gains made in revenue from foreign producers are just an indirect tax that has the side effect of economic inflation. Well... This might make the Fed start backing off on rates again.
 

HomerJS

Lifer
Feb 6, 2002
36,282
28,141
136
Nope.

https://www.cnbc.com/2018/01/22/trump-gets-recommendations-to-fight-steel-aluminum-dumping.html



hahah amazing, it's not like the affirmative action President wasn't mollycoddled by the American media, the 'if if if if if .... okie doke' stutterer in chief heralded as a great orator.

http://articles.latimes.com/2011/may/26/opinion/la-oe-daum-obamaspeak-20110526

The standards were really higher for the Negro in white house, just like the American college system,

This quote from your article tells me all I need to know
"Sarah Palin is a brilliant speaker.
 
Reactions: ch33zw1z

HomerJS

Lifer
Feb 6, 2002
36,282
28,141
136
You people are freaking idiots. Nobody needed insider information to know this was coming. It's been coming for an entire year and heated up in November and December 2017. Carl Icahn did not become a gazillionaire without being able to read the writing on the wall.

You would need to have your head up your ass to not know it was going to happen soon. Which explains this thread.
Your own quote gave you away. You said this has been coming for a year. If Carl sold his shares right after Trump was elected you would have a point. However somehow he managed to sell his shares just a few days before the announcement defies all logic.

You are either a troll or a brainless moron. Pick one.
 
Reactions: soundforbjt

Thump553

Lifer
Jun 2, 2000
12,726
2,501
126
It's mainly a recipe for inflation. There can be a domestic advantage if a US producer has capacity to ramp up supply and is suddenly more price competitive. Otherwise, especially with the reciprocal moves, the buck just ends up being passed on to the consumer. Whatever gains made in revenue from foreign producers are just an indirect tax that has the side effect of economic inflation. Well... This might make the Fed start backing off on rates again.

The Fed would raise rates, not lower them, in that situation.

At this point, it's hard to say what Trump's legacy will be. Being the most corrupt Administration ever is pretty much a given, but that's too easy. In 2017 my money was on "beginning an unnecessary nuclear war" (NK) but that seems to be fading as NK's leader easily outmaneuvers Trump on the diplomatic front. If he actually implements these tariffs my money is on "creates a US (possibly world) depression purely because of personal vanity."

The only happy ending I see is "first US President impeached and removed from office." He is going to have to be followed by a truly great leader to repair at least some of the huge amounts of damage he has caused to the US.
 

SMOGZINN

Lifer
Jun 17, 2005
14,218
4,446
136
At this point, it's hard to say what Trump's legacy will be.

My bet is 'undisputed end of American supremacy in world politics'. It seems that American voter has gotten a taste for the absurd and idiotic, voting for whoever will stroke their ego the most, and while we elect fools into office who pretend that they are the John Wayne of badass diplomacy while actually being the Punch and Judy show of world politics other countries like China are making real moves to establish their domination of work markets.
 
Reactions: hal2kilo

interchange

Diamond Member
Oct 10, 1999
8,022
2,872
136
The Fed would raise rates, not lower them, in that situation.

You're right. Sorry.

At this point, it's hard to say what Trump's legacy will be. Being the most corrupt Administration ever is pretty much a given, but that's too easy. In 2017 my money was on "beginning an unnecessary nuclear war" (NK) but that seems to be fading as NK's leader easily outmaneuvers Trump on the diplomatic front. If he actually implements these tariffs my money is on "creates a US (possibly world) depression purely because of personal vanity."

The only happy ending I see is "first US President impeached and removed from office." He is going to have to be followed by a truly great leader to repair at least some of the huge amounts of damage he has caused to the US.

I'm not going to harp on the bold. Otherwise, I think likely we will get a pendulum swing to someone more reparative than authoritative. That won't happen until Trump is gone and the reasons for it are made explicit. Hopefully that happens through the impeachment process and not, for example, war. I think our values and governmental structure is strong enough to avoid a transformation to despotism. If you push hard enough, though, the only options are for the system to break or for it to fight back. God I hope it fights back. That fight is already overdue.
 

Fern

Elite Member
Sep 30, 2003
26,907
173
106
Meh, I highly doubt there's any insider trading problem.

"Insider" can trade, it's just that they have to disclose it to the SEC. (Insiders must file Sch 4. Icahn is not an "insider" but he disclosed his sales on Sch 13D, as required)

Furthermore, he still owns 1.7 million shares, selling only approx 1 million shares.

Does anybody on the Left use common sense anymore? The article linked by the OP makes it clear the author learned of the sales from SEC filings, Icahn had an attorney prepare the filings, Icahn knows insider trading rules forward-and-backward etc. You guys really think a multi-billionaire is going to risk prison for a few million dollars?

Shiz is still unhinged.

Fern
 

nickqt

Diamond Member
Jan 15, 2015
7,585
7,825
136
Meh, I highly doubt there's any insider trading problem.

"Insider" can trade, it's just that they have to disclose it to the SEC. (Insiders must file Sch 4. Icahn is not an "insider" but he disclosed his sales on Sch 13D, as required)

Furthermore, he still owns 1.7 million shares, selling only approx 1 million shares.

Does anybody on the Left use common sense anymore? The article linked by the OP makes it clear the author learned of the sales from SEC filings, Icahn had an attorney prepare the filings, Icahn knows insider trading rules forward-and-backward etc. You guys really think a multi-billionaire is going to risk prison for a few million dollars?

Shiz is still unhinged.

Fern
The Mammon worship is strong here.

Yes. The wealthy, who often suffer from mental disorders related to their obscene wealth, will risk prison, in order to retain, increase, or limit decreases of their wealth. Especially when they're extremely powerful.

Or, do you actually believe that no obscenely rich people with lots of power are involved in corruption regarding money?

Mmm. Mammon worship. Must be comforting.
 

mxnerd

Diamond Member
Jul 6, 2007
6,799
1,101
126
Billionaires can be very stupid, just look at current POTUS.

Don't believe Carl Icahn is innocent.
 
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