RealMoneyIssues' Account Talk

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RealMoneyIssues said:
New York Republican Rep. Chris Collins indicted on insider trading charges
Rep. Chris Collins, R-N.Y., has been indicted on insider trading charges, federal prosecutors announced Wednesday. The fraud counts relate to securities of an Australian biotechnology company.
https://www.nbcnews.com/politics/po...lins-arrested-insider-trading-charges-n898661

GREEDY IDIOT
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My question is, why is a sitting US Congressman serving on the board of a foreign company that also trades over the counter in the US? Obviously I'm no expert but that appears to be a conflict of interest for starts. I don't see any issue of owning the companies stock. Sure seems coincidental that his son got rid of a lot of stock just before it tanked. Hummmmmmm!!!
 
nasa1974 said:
My question is, why is a sitting US Congressman serving on the board of a foreign company that also trades over the counter in the US? Obviously I'm no expert but that appears to be a conflict of interest for starts. I don't see any issue of owning the companies stock. Sure seems coincidental that his son got rid of a lot of stock just before it tanked. Hummmmmmm!!!
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Why? White Collar Crime.
 
Another politician who's also a crook. Lucrative board of director jobs would seem to be the logical path for ex-Congressmen and women. But, a sitting Congressperson should be prohibited from such a position, whether it's a foreign or domestic company.
I agree Khotso. He's a criminal, and should do jail time along with his co-conspirators.
Unfortunately, more D.C. politicians than anyone cares to admit will become wealthy while in office. Some of that enrichment is totally legal (according to the laws they write themselves to govern Congress), and some of their dealings are shady at best (but again, legal according to the laws they write themselves to govern Congress). What pains me is that only a very, very small percentage of the illegal activities of sitting Congressmen and women ever see the light of day. Those instances where any of them are charged with any crime are even more rare. You don't have to look far to find shining examples of corruption among our elected officials. A sad state of affairs.
 
RazorCat said:
Another politician who's also a crook. Lucrative board of director jobs would seem to be the logical path for ex-Congressmen and women. But, a sitting Congressperson should be prohibited from such a position, whether it's a foreign or domestic company.
I agree Khotso. He's a criminal, and should do jail time along with his co-conspirators.
Unfortunately, more D.C. politicians than anyone cares to admit will become wealthy while in office. Some of that enrichment is totally legal (according to the laws they write themselves to govern Congress), and some of their dealings are shady at best (but again, legal according to the laws they write themselves to govern Congress). What pains me is that only a very, very small percentage of the illegal activities of sitting Congressmen and women ever see the light of day. Those instances where any of them are charged with any crime are even more rare. You don't have to look far to find shining examples of corruption among our elected officials. A sad state of affairs.
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He needs to get what Martha Stewart got and more.
 
Not been a good year trading for me. Lost 50% in my play account and almost 30% in my smaller IRA... I should just buy and hold

:AR15firing: :censored:
 
I learned my lesson on trading things I dont understand with the volatility ETF's a few years back.. I avoid cripto for that reason. Now I stick with the stuff I know, can track, and have more "control" over. Those are big losses, hopefully you can re-tool and get back on track.
 
Devil, thy name is UVXY!

CrabClaw said:
I learned my lesson on trading things I dont understand with the volatility ETF's a few years back.. I avoid cripto for that reason. Now I stick with the stuff I know, can track, and have more "control" over. Those are big losses, hopefully you can re-tool and get back on track.
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I tried a handful of inverse ETFs awhile back. Even with short holding times, I got hurt. quote the raven "Nevermore"! (for the time being anyway) :o
 
RealMoneyIssues said:
Not been a good year trading for me. Lost 50% in my play account and almost 30% in my smaller IRA... I should just buy and hold

:AR15firing: :censored:
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Well, not much has improved, but I look back and its been one helluva BULL year... since I am a professional introvert bear, I am just going to hibernate since being a bear in this market has been painful for a long time. B/H is looking mighty nice... which, Tom, might be a good indicator of a top... ;)
 
Wow, bad last week or so... WTHeck is going on with the markets... Whales selling to take profits and then buy back after retail investors sell with market orders driving prices further down???

Bastages
 
RealMoneyIssues said:
Dang, this is going to hurt the 'ole TSP balance... hoping for a bounce BEFORE the 200 EMA :eek:
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Thought I needed to put in a ticket because the AT was broke... it must be broke for a lot of us :worried:

Well, the bounce didn't happen and I am down over 6% this month... :sick: Just get the dang 10% done and move up already... :eek:

:banghead:
 
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