The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60648
Likes: 57096


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.

(In response to this post by Shenhoo)

Posted: 04/03/2020 at 12:00PM



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Current Thread:
 
  
The lady is a very competent trader. -- Shenhoo 04/03/2020 10:12AM
  I'm assuming her assets are held in a blind trust -- Capital City Hoo 04/03/2020 12:46PM
  They are not in a blind trust -- Stimp 04/03/2020 1:47PM
  Or her 3rd party is really good -- psychobilly 04/03/2020 10:34AM
  She is such an idiot -- WahooMatt05 04/03/2020 10:17AM
  Or you guys are getting fishooked... -- Moneyshot 04/03/2020 10:37AM
  New york Congressman Chris Collins says hello ** -- Plano Hoo 04/03/2020 12:45PM
  LOL...completely different situation -- Moneyshot 04/03/2020 12:48PM
  As I recall, Collins was a legal “insider” -- Moneyshot 04/03/2020 12:53PM
  Ha...I was bored and being snarky -- Moneyshot 04/03/2020 2:05PM
  And why did they sell just days after buying? ** -- 111Balz 04/03/2020 12:22PM
  How do they do in pandemics? ** -- 111Balz 04/03/2020 2:45PM
  Nm** -- Moneyshot 04/03/2020 3:17PM
  The point is a very simple one... -- Moneyshot 04/03/2020 10:53AM
  Your unquestioning trust in Republican -- Shenhoo 04/03/2020 10:42AM
  She claims someone else was trading for her. -- WahooMatt05 04/03/2020 10:41AM

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