12 dic. 2016

Tweeting for Bucks: Has the Kleptocracy Already Begun?

At 8:20 AM EST this morning an unknown party began short-selling stock in Lockheed-Martin. (A short seller makes money when a stock drops.) Six minutes later, at 8:26 AM Donald Trump tweeted: "The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th." A substantial number of shares were short-sold just before the president-elect's tweet, potentially netting the short seller millions of dollars in profit in a matter of minutes.

Insider trading is stock trading for profit based on information known only to a small group of individuals with special knowledge of news about to break about a company. It is regarded in the United States as a serious crime.



via unknowncountry http://ift.tt/11SbyTl

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