LOL! Maybe Laz the investment guru was calling the shots? Think for just
one second Shen. The sales were made 3/10 and 3/11. Booking Holdings is Priceline, Kayak, etc. Those shares were bought on 3/6. What you might want to ask is how such a "lucky" decision maker would be thinking to buy a travel stock on 3/6.
Now let's review some closing prices, shall we? When bought on 3/6, BKNG closed at $1612 (round $) When sold on 3/11, it closed at $1443. That would be 10.5% loss on the sale, 3 trading days later. It's currently trading at $1238, so another 14.2% drop almost a month later.
BKNG also hit a high of $2094 on 1/10. So this "lucky" decision maker took a flyer on a stock that had dropped 23% already. And then sold it when the falling knife kept dropping to 31% below that peak. (BTW for all we know that decision maker may automatically sell any position that drops 10% or more as a matter of practice)
Now personally, for such a small position comparative to her overall wealth, I think I would've let a position that was already down 31% from it's peak just ride it out considering the stock had traded in the $1600 - $2200 range in recent years and I was sitting at $1443 when selling, but that's a decision the "lucky" decision maker can defend if need be.
It was not rocket surgery, or "lucky" for folks to be selling positions in Feb. for even schmucks like me, let alone for a professional manager. Nor was it so to start taking buy chances in early March and beyond after the market had already been hit hard. Not to mention completely misses Money's points about the steps her husband (and she) has to go through for compliance reasons.
This is how "conspiracy theories" grab hold on the naive. Don't worry, if even half the stink you guys think exists is actually there, she, Ms Feinstein and Mr. Burr will not be enjoying their future discussions with the FEC and DOJ. I wouldn't hold your breath however.
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In response to this post by Shenhoo)
Posted: 04/03/2020 at 12:00PM