That’s exactly correct. I assume Soros Mgmt’s SEC filing was released and 3 minutes later google dropped. I mean, airline stock plummeted 10% when Buffet announced BRK had sold all their airline shares earlier in the quarter
The market usually dials in breaking news like this pretty quick, so I think it’s an educated guess that someone as wealthy and capital heavy as Soros announcing something like dumping shares could also cause a massive sell off
Google has issued 9,000,000 Class A shares. Soros sold ~0.3% of Google's Class A stock.
On top of that, that's just Class A stock (voting shares). Google's total outstanding common stock shares (non-voting) is around 650,000,000.
Soros selling 30,000 shares would have a real effect of basically zero on the share price. He sold about $40M in stock of a company valued at $900 BILLION.
The only reason this is news at all is because it's Soros.
The whole stock market is a self-fulfilling prophecy that the most successful traders have learned to manipulate through corruption and insider trading.
The next most successful traders have learned this and simply follow the trends of the most successful traders since if the most successful made billions by making the first move then if they can make the second move they stand to make millions.
There are thousands of people who collectively have many billions invested that follow the actions of people like Soros very closely. If a billionaire investor like Soros dumps 50%, then 10,000 millionaires will probably dump 50% too, if not as much as 100% depending on if their investments are as diversified as Soros or not. It's news because people value that information.
Alphabet class A stock has a market cap of almost a trillion dollars. It would take a considerable amount of movement for it to affect the market. I doubt Soros dumping 50% of his holdings would do that. His announcement however is another story
No the trick is his government goons waiting for his call to get the ok to start the investigation. The Google antitrust investigation could've happened 60 days ago.
I hate ballsack eyes as much as the next guy, but SEC filings are usually like 45 days behind...
That’s exactly correct. I assume Soros Mgmt’s SEC filing was released and 3 minutes later google dropped. I mean, airline stock plummeted 10% when Buffet announced BRK had sold all their airline shares earlier in the quarter
The market usually dials in breaking news like this pretty quick, so I think it’s an educated guess that someone as wealthy and capital heavy as Soros announcing something like dumping shares could also cause a massive sell off
For Soros to dump that much stock, it seems it would tank the price.
Soros sold ~30,000 shares of Class A stock.
Google has issued 9,000,000 Class A shares. Soros sold ~0.3% of Google's Class A stock.
On top of that, that's just Class A stock (voting shares). Google's total outstanding common stock shares (non-voting) is around 650,000,000.
Soros selling 30,000 shares would have a real effect of basically zero on the share price. He sold about $40M in stock of a company valued at $900 BILLION.
The only reason this is news at all is because it's Soros.
Thanks for the perspective.
But the timing is a little suspicious, no?
Au contraire, the only reason you are trying to suppress it because it's Soros.
The whole stock market is a self-fulfilling prophecy that the most successful traders have learned to manipulate through corruption and insider trading.
The next most successful traders have learned this and simply follow the trends of the most successful traders since if the most successful made billions by making the first move then if they can make the second move they stand to make millions.
There are thousands of people who collectively have many billions invested that follow the actions of people like Soros very closely. If a billionaire investor like Soros dumps 50%, then 10,000 millionaires will probably dump 50% too, if not as much as 100% depending on if their investments are as diversified as Soros or not. It's news because people value that information.
That’s a lot of words for 1 dimensional thinking.
Alphabet class A stock has a market cap of almost a trillion dollars. It would take a considerable amount of movement for it to affect the market. I doubt Soros dumping 50% of his holdings would do that. His announcement however is another story
You missed the point. It's not about manipulating the market but about trading with inside information.
No the trick is his government goons waiting for his call to get the ok to start the investigation. The Google antitrust investigation could've happened 60 days ago.