2 ms·

why did you post this comment? is there some kind of implication? or is it just a nonsequitur?

by abiox 9y ago

briantakita 9y ago
It's not an implication, just curiosity. Some claim Soros shorted MGM shortly before the Vegas shooting. Could be coincidence or just a rumor (i.e. misinformation)... Easy to verify one way or the other. --- Edit: Unless I'm reading this wrong, there's a PUT for 42242 shares of MGM RESORTS INTERNATIONAL effective 20170814. The Las Vegas shooting was 20171001. https://www.sec.gov/Archives/edgar/data/1029160/000114036117031995/0001140361-17-031995-index.htm https://www.sec.gov/Archives/edgar/data/1029160/000114036117... Either way, this gets into murky territory. I'm not implying whether Soros had insider information, but the timing & circumstances will certainly raise questions. I'm sure one can read between the lines re: taking investment advice from Soros. I regret coming across as being confrontational. Just FYI...YMMV. Same with MGM Chair & CEO James Murren. https://www.sec.gov/Archives/edgar/data/789570/000112760217027217/xslF345X01/form4.xml https://www.sec.gov/Archives/edgar/data/789570/0001127602170...
- mikeyouse 9y ago
  > I'm not implying whether Soros had insider information, but the timing & circumstances will certainly raise questions. You're explicitly implying that he had knowledge of an impending mass shooting. "I'm just asking questions" is a coward's defense. The 13F is filed after the quarter in which the trades are made, so this one covered the 2nd Quarter of 2017. This means that the trade was entered sometime between April and June of last year. So the timeline of your conspiracy theory: * May-June 2017 - Soros learns that there's going to be a mass shooting at an MGM property and takes out a moderate short position while the stock trades between $27-$34. He does this under his own name at a fund with mandatory disclosure requirements. * September 8th - The shooter books his room at the MGM after examining several other properties, including so called "Dry Runs" at a festival in Chicago at non-MGM properties. * October 1st - Shooting occurs. * October 2nd - MGM trading resumes and the stock is down sharply .... to $31/share. It briefly dips below $30/share a few weeks later but eventually climbs back to $36/share. So Soros is this evil genius that knows when mass shootings will occur and decides to profit instead of alerting the authorities, but he's so incompetent that he doesn't make any money via these suspicious short positions. Cool.

why did you post this comment? is there some kind of implication? or is it just a nonsequitur?

by abiox 9y ago

why did you post this comment? is there some kind of implication? or is it just a nonsequitur?

It's not an implication, just curiosity. Some claim Soros shorted MGM shortly before the Vegas shooting. Could be coincidence or just a rumor (i.e. misinformation)... Easy to verify one way or the other. --- Edit: Unless I'm reading this wrong, there's a PUT for 42242 shares of MGM RESORTS INTERNATIONAL effective 20170814. The Las Vegas shooting was 20171001. https://www.sec.gov/Archives/edgar/data/1029160/000114036117031995/0001140361-17-031995-index.htm https://www.sec.gov/Archives/edgar/data/1029160/000114036117... Either way, this gets into murky territory. I'm not implying whether Soros had insider information, but the timing & circumstances will certainly raise questions. I'm sure one can read between the lines re: taking investment advice from Soros. I regret coming across as being confrontational. Just FYI...YMMV. Same with MGM Chair & CEO James Murren. https://www.sec.gov/Archives/edgar/data/789570/000112760217027217/xslF345X01/form4.xml https://www.sec.gov/Archives/edgar/data/789570/0001127602170...

mikeyouse 9y ago
> I'm not implying whether Soros had insider information, but the timing & circumstances will certainly raise questions. You're explicitly implying that he had knowledge of an impending mass shooting. "I'm just asking questions" is a coward's defense. The 13F is filed after the quarter in which the trades are made, so this one covered the 2nd Quarter of 2017. This means that the trade was entered sometime between April and June of last year. So the timeline of your conspiracy theory: * May-June 2017 - Soros learns that there's going to be a mass shooting at an MGM property and takes out a moderate short position while the stock trades between $27-$34. He does this under his own name at a fund with mandatory disclosure requirements. * September 8th - The shooter books his room at the MGM after examining several other properties, including so called "Dry Runs" at a festival in Chicago at non-MGM properties. * October 1st - Shooting occurs. * October 2nd - MGM trading resumes and the stock is down sharply .... to $31/share. It briefly dips below $30/share a few weeks later but eventually climbs back to $36/share. So Soros is this evil genius that knows when mass shootings will occur and decides to profit instead of alerting the authorities, but he's so incompetent that he doesn't make any money via these suspicious short positions. Cool.