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> I'm not implying whether Soros had insider information, but the timing & circumstances will certainly raise questions. You're explicitly implying that he had
by 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.