General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsduforsure
(11,885 posts)Profited from knowing this was about to happen? Did Putin using others to buy for him also?
fleur-de-lisa
(14,628 posts)Trump was bragging about a big deal coming in a few days while he was goofing off at Mar-A-Loco.
icymist
(15,888 posts)President Donald Trump did not brief Congress prior to ordering the assassination of Iranian General Qassim Suleimani. But Mar-a-Lago members had a heads up, according to a new report.
In the five days prior to launching a strike that killed Irans most important military leader, Donald Trump roamed the halls of Mar-a-Lago, his private resort in Florida, and started dropping hints to close associates and club-goers that something huge was coming, The Daily Beast reported Friday.
According to three people whove been at the presidents Palm Beach club over the past several days, Trump began telling friends and allies hanging at his perennial vacation getaway that he was working on a big response to the Iranian regime that they would be hearing or reading about very soon. Two of these sources tell The Daily Beast that the president specifically mentioned hed been in close contact with his top national-security and military advisers on gaming out options for an aggressive action that could quickly materialize, The Beast reported.
He kept saying, Youll see, one of the sources said.
Mister Ed
(5,943 posts)Amaryllis
(9,525 posts)OnlinePoker
(5,725 posts)The DJIA was up 1.16% for the day with many of the 30 up over 2%.
https://money.cnn.com/data/markets/dow/
Wawannabe
(5,678 posts)Fuck fair! This aint anything close to fair!
onenote
(42,759 posts)First, the market as a whole was up over 1.4 percent.
Second, this was the first trading day after the year-end announcement that L-M had won over $2 billion in defense contracts.
And, for what its worth, the chart in the OP shows the closing price on Friday, not Thursday.
Pacifist Patriot
(24,654 posts)Wawannabe
(5,678 posts)Your Reps and the SEC!
Trumpers I have the misfortune of talking to only care about their money in the stock market rising.
James48
(4,440 posts)They knew.
A LOT of people knew.
And volume was huge.
onenote
(42,759 posts)The increases on Friday came after the killing of Soleimani was public knowledge.
The increase on Thursday (the first trading day of the year) were not out of line with the overall market increase along with the fact that it was the first trading day after Lockheed had announced it had been awarded over $2 billion in contracts.
rickyhall
(4,889 posts)William Seger
(10,779 posts)IronLionZion
(45,528 posts)General Atomics makes the Predator and Reaper drones. NG makes the world's only stealth heavy bomber, the B-2 Spirit.
Lockheed is the primary maker of Hellfire missiles but Boeing and Northrop Grumman also make some of them.
Trump's campaign has always promised death and destruction raining down from above while minimizing use of American ground troops. That means drones and aircraft and ships launching missiles. There won't be any unpopular draft for infantry soldiers. Just billions of our tax dollars raining down on defense contractors.
of course we must cut social programs to compensate. you know, to keep America safe.
sakabatou
(42,174 posts)IronLionZion
(45,528 posts)sakabatou
(42,174 posts)A HERETIC I AM
(24,377 posts)IronLionZion
(45,528 posts)TygrBright
(20,763 posts)Amaryllis
(9,525 posts)onenote
(42,759 posts)The Dow Jones on Thursday was up 1.4 percent overall. Individual companies going up more than that obviously is to be expected. And in this instance, Thursday was the first trading day after its year end announcement that it had been awarded over $2 billion in contracts.
PoindexterOglethorpe
(25,895 posts)rose almost exactly the same amount.
People here are too quick to attribute some kind of manipulation in the stock market.
fescuerescue
(4,448 posts)It wouldn't move that stock a single penny. It's just too massive.
The kind of buying this took, means that it was leaked to people with a MASSIVE amount of money. And quite a few of them.
onenote
(42,759 posts)There were numerous days when the LM stock increased by around the much or more during 2020 (a year in which the DOW increased by more than 22%). Indeed, there was a day during the year (in April) when the stock increased by over 5 percent and another (in July) when it increased by more than 3 percent. And the volume for the day, around 1.2 million shares was pretty much average for the year -- a year in which LM stock volume topped 2 million shares on multiple occasions, with a peak trading day with over 4 million shares of volume. (To put these numbers in perspective, LM ended the year with around 284 million shares outstanding. So less than one half of one percent of all LM shares were traded on Tuesday.
brooklynite
(94,727 posts)It requires ONE owner willing to sell and ONE buyer willing to buy any number of shares at the higher price.
fescuerescue
(4,448 posts)It's not reality.
Yes go an buy a pink sheet stock with zero volume and you can move the price with next to nothing.
But a stock with a market cap on with 100+ billion and millions of trades per hour? A mom pop order isn't gonna budge it