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Draining the swamp: Trump's close friend dumped steel-related stock before the tariffs

Posted on 3/2/18 at 6:40 pm
Posted by Rex
Here, there, and nowhere
Member since Sep 2004
66001 posts
Posted on 3/2/18 at 6:40 pm
quote:

Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.

Trump’s announcement tanked the market, with steel-dependent stocks hardest hit. The stock value of Manitowoc, the firm from which Icahn bailed, plunged, losing about 6 percent of its value.

Impeccable timing, indeed.

LINK
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68899 posts
Posted on 3/2/18 at 6:41 pm to
Dude, did you listen to his campaign speeches?

Anyone who did knew this was coming.
Posted by BugAC
St. George
Member since Oct 2007
53109 posts
Posted on 3/2/18 at 6:41 pm to
quote:

Rex


You’ll get credibility the second you start posting threads about the Obama friends and green energy taxpayer funding
Posted by Toddy
Atlanta
Member since Jul 2010
27250 posts
Posted on 3/2/18 at 6:41 pm to
Most corrupt administration in American history.
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 3/2/18 at 6:42 pm to
An ice machine company?

Half of manufacturing depends on steel and aluminum. Did Ichan dump his stock in all companies using those materials, or are you cherry picking data?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
75076 posts
Posted on 3/2/18 at 6:42 pm to
What a sad lil furry you are
Posted by KrushGroove
Member since Jun 2012
905 posts
Posted on 3/2/18 at 6:45 pm to
Trump's money laundering is coming under increasing scrutiny, so I guess insider trading is the next best thing.

I wonder what's next?

Candy from babies, I guess
Posted by Statestreet
Gueydan
Member since Sep 2008
13020 posts
Posted on 3/2/18 at 6:46 pm to
Who wants to own steel in an msm predicted impending doom economy?
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 3/2/18 at 6:46 pm to
ThinkProgress horse shite
Posted by BBONDS25
Member since Mar 2008
49014 posts
Posted on 3/2/18 at 6:47 pm to
quote:

Impeccable timing, indeed. LINK


Wait. You think a billionaire is going to engage in something nefarious to save 1.8 million? You think Trump is going to endure the scrutiny to save his friend 1.8 million. You have lost your damn mind, Rex.
Posted by Hickok
Htown
Member since Jan 2013
2877 posts
Posted on 3/2/18 at 6:49 pm to
Tanked the market? If I invested in "X" (US Steel corp) at the beginning of the year id only be up 50% right now, since the announcement it dropped 1.35%
Posted by hesterhamma
Member since Oct 2013
679 posts
Posted on 3/2/18 at 6:49 pm to
Smart move. He has laid his plan out since the campaign trail. And everyone knew this announcement was coming beforehand. But I am sure this is it...you have got him now. What melt day are you on, I can't keep up!!!!
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 3/2/18 at 6:51 pm to
To be fair, the Commerce department issues their findings on steel and aluminum tariffs on February 16th.
Posted by TigerMyth36
River Ridge
Member since Nov 2005
39751 posts
Posted on 3/2/18 at 6:52 pm to
Hey Rex, this is about the 7th post I've asked you to list the things Trump has done to aid Russia. You claim he is a puppet so once again, it should be easy to list the actions he has taken to aid Russia.

Also asked you to list the actions Obama took against Russia. Also asked you to explain why Clinton and Obama approved the sale of Uranium even though they are our super enemy.

I'll throw is a more like Why did Hillary accept money from Russians. Why did Bill Clinton get paid almost a million dollars for a speech in Russian.

Until You answer, I will continue to post this in your threads, you cowardly hack.
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 3/2/18 at 6:56 pm to
quote:

Trump’s announcement tanked the market,


71 points?

Your melt today is awesome.

Maggie is a whore.
Posted by RazorBroncs
Harding Bisons Fan
Member since Sep 2013
13600 posts
Posted on 3/2/18 at 6:59 pm to
He actually started selling the stock on February 11th, 18 DAYS before the tariff came around. The DISCLOSURE was made on the 22nd, which was still a week before. Wall street gurus were already pushing the sale of steel related stocks long before this because it's been known this was coming. But don't let the rest of the article, or public knowledge for that matter, get in your way or anything...

And he sold shares of Manitowoc, a crane company. Hardly the smoking gun you want it to be.
Posted by artisticsavant
Member since Mar 2017
5011 posts
Posted on 3/2/18 at 7:07 pm to
Besides cocaine what other stuff are you using?
Posted by wt9
Savannah, Ga
Member since Nov 2011
1123 posts
Posted on 3/2/18 at 7:13 pm to
Let's see Nucor went up, Alcoa went up. This thread removes any doubt that Rex and Toddy are paid. Nobody's that dumb.

Well maybe Toddy
Posted by pecxs
Pasadena, CA
Member since Dec 2003
521 posts
Posted on 3/2/18 at 7:27 pm to
Get a life.

We received a 3-page questionary from the association of our industrial group regarding to the steel and aluminum sourcing. It indicated the coming higher tariffs.
Posted by Uncle Stu
#AlbinoLivesMatter
Member since Aug 2004
33663 posts
Posted on 3/2/18 at 7:33 pm to
you really are a sad dimwitted little person
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