The Blaze: Coincidence? Soros Apparently Sells Off All Shares of TSA Scanner Company

The Blaze ^ | November 17, 2010 | Jonathon M. Seidl

[pillut48]

This week, Mark Hemingway of the Washington Examnier reported that George Soros owns over 11,000 shares of OSI Systems, the parent company of Rapiscan, which manufactures the controversial TSA scanners. But a search today reveals that Soros has divested himself of all those shares.

[pillut48]

Something is afoot concerning the TSA's unConstitutional body searches...what does Soros know, and when did he know it???

[Steely Tom]

Check for short sales.

Look for names of people in the government. Especially TSA and congressional staffers.

[cripplecreek]

what does Soros know, and when did he know it???

My first thought. Did somebody in government give him a heads up that the company is about to take a hit?

[wmileo]

Like O’Reilly and Beck have said over and over. Soros is a scary guy!!!

[FormerACLUmember]

Soros is an unrepentant convicted Insider Trader. Insider trading is how he makes his billions.

His profit taking indicates he knows in advance that his radiation emitting scanners will be pulled off the line.

[ExTexasRedhead]

Exposure is what RATs and slime fear the most.

[RobRoy]

Well, this may be good news. His getting out of the stock may tell us where HE thinks this is going. :)

[Bitsy]

...what does Soros know, and when did he know it???

That evil toad can not stop making money. No matter what the world suffers he profits. Satan spawned.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[Doogle]

what does Soros know, and when did he know it???

..you can rest assured he ain't getting his info from NapolitanIdunno....he has been to the White Hut a few times.

[Nachum]

http://www.nachumlist.com/scannergate.htm

[OldDeckHand]

Perspective folks. OSIS is trading at just over $35/share, which is a bit off its 52-week high, and double its 52-week low. Not a bad time to sell for any investor, statistically speaking. In any event, that sale means roughly $390K(ish) for Soros. Put another way, that's not even his annual tab for bottled water.

[Terry Mross]

He made his money now he’s out. The government has already paid for the machines.

[pillut48]

As someone who knows next to nothing about inside trading, it seems to me that if so many airports across the US will be required to use this new technology, and I had a bunch of stock invested in said technology, that I wouldn’t be dumping said stocks, because it stands to reason that I would make a big PROFIT keeping those stocks—UNLESS I *knew* that US airports would NOT be purchasing a multitude of these ‘nude-o-scopes’—but that’s just ignorant me!

[blondee123]

Didn't Martha Stewart go to prison for something similar??????????

Soro's has his dirty hands into so many crooked things!

[Vendome]

I think this is the last year for real growth at that company and he being smart selling off his shares.

Doesn’t mean I like the miscreant one iota, I don’t.

[GunsAndBibles]

Martha Stewart was convicted of lying to the police (Fed).

Do not ever talk to the police. If you have to, have a lawyer present.

[OldDeckHand]

"As someone who knows next to nothing about inside trading, it seems to me that if so many airports across the US will be required to use this new technology, and I had a bunch of stock invested in said technology, that I wouldn’t be dumping said stocks, because it stands to reason that I would make a big PROFIT keeping those stocks—UNLESS I *knew* that US airports would NOT be purchasing a multitude of these ‘nude-o-scopes’—but that’s just ignorant me!"

One thing I guess we can agree on - you know nothing about insider trading.

George Soros is worth in excess of $24.2B. This transaction represents less than 0.0028% of his net worth. I would wager $1K that he doesn't even know that he owns this stock, and that the sale was made by predetermined metrics established by his money-manager.

If you're going to risk exposure to a felony conviction, you're not going to risk it on a financial upside that is less than what you probably spend on cut-flowers each year. Just saying.

Common sense is our friend.

[OldDeckHand]

"Martha Stewart was convicted of lying to the police (Fed)."

Yep. The only reason she's in jail - well, actually two reasons - is her own hubris, and the incompetence of her attorney(assuming of course she didn't go against advice of counsel when speaking to the feds).

She thought she could talk her way out of the situation. Like most people who get convicted after speaking to investigators, she was wrong.

[I Buried My Guns]

I have heard that he spends that much every year on lithe young Cambodian boys.

And he doesn't even like Cambodian boys. He usually sticks to prebuescent Thai males.