Posted on 11/23/2018 6:30:04 AM PST by deandg99
George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening. In other words, he made out like a bandit by selling at the peak of the market. Is he smarter than all the rest of us, did he have some inside information, or was he simply lucky? In recent months, tech stocks have lost approximately a trillion dollars in value, and many investors have been absolutely devastated. But not George Soros. According to the most recent filing with the SEC, Soros Fund Management was able to dump shares in Facebook and Netflix just in time
Soros Fund Management, which Soros founded and chairs, exited social-network giant Facebook (FB) completely in the third quarter, while also slashing positions in Netflix stock (NFLX) and Goldman Sachs Group stock (GS). Those three stocks have tumbled in the fourth quarter so far, with Facebook and Goldman setting new lows Tuesday. They are down almost 20% and 15%, respectively, so far this quarter. Highflying streaming-content giant Netflix has tumbled almost 29% since the end of September.
(Excerpt) Read more at dcdirtylaundry.com ...
I don’t know. Take a company like NFLX. The stock was selling at something like 100x forward earnings. Trees don’t grow to the sky. Basically, everyone in the U.S. and Europe who wants a NFLX account already has one. The company is spending like a drunken sailor on content—pouring out billions on mediocre shows from has-been actors, directors and politicians. Credit the devil where he’s due... Soros recognized a top in ridiculously over-hyped stock and got the hell out.
Money can and does buy inside information Hillary and party winks.
Insider trading? They finally got Capone on less.
Chuckles, wonder how many will get that.
H’mmm, makes me think that stocks didn’t ‘fall’ but that Soros pushed them.
Wasn’t he convicted of insider trading some time in the past.
“I think the market slipped BECAUSE he dumped those shares. Its manipulation.”
Bingo. I heard Jim Rogers talk once and someone asked his opinion of an investment. He said he didn’t give them because right or wrong they could influence the market. Sounds egotistical, but probably correct.
Is that around the time Obummer and wife went aboard the Netflix ship, because that would have made me sell, sell, sell.
I strongly believe that Schwartz/Soros is manipulating the market. Soon, I also believe officials will notice.
The entire tech sector took a dump, how is inside info to blame?
I hate it when people trade better than I do! It must be satan’s work.
The guy is crooked. He fleeces the hedge fund he runs for a huge salary.
At that level of trading, luck is not a factor. Soros was given a courtesy notice. The Left doesnt want to annoy their largest source of funding.
He employs hundreds of experts to find and take advantages of such opportunities.
bttt
He has more connections than AOL at its peak. Insider info? Haaa. and then some.
Congressional investigation?
You’re probably right.
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