General Discussion

sad sally

(2,627 posts)

74. You can bet those in congress who'd profitted at the insider trader trough for 16 years -

Mon Aug 13, 2012, 04:49 PM

Aug 2012

before the STOCK Act was passed - wouldn't be above a little after hours trading, which happens every day.

After-hours markets function nearly identically to daytime trading, with the exception that there are no traders shouting on physical stock exchange floors. All transactions occur online via an ECN. Prices in after-market trading are set by the market, meaning price levels change based on what sellers and buyers agree upon at any given time.

Advantages

After-hours trading can provide insight into traders' reaction to news, press releases and official reports occurring after trading floors have closed. Watching how after-hours traders react to new information can give you a heads-up on what to expect when the majority of traders begin their day the next morning.

http://budgeting.thenest.com/after-hour-stock-trading-work-3330.html

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Paul Ryan Acted Immediately After 2008 Bush WH Meeting on Impending Economic Meltdown [View all] bigtree Aug 2012 OP

I wish I could give this 1000 recs. n/t pnwmom Aug 2012 #1

Ryan's trades were BEFORE the meeting. Fact_Checker Aug 2012 #46

How "before" were Ryan's trades, earlier on the same day, or the day before? Uncle Joe Aug 2012 #62

Doesn't matter. The sales occurred on the same day that he was talking with other Republicans pnwmom Aug 2012 #67

people prepare reports ahead of meetings - I suspect he knew ahead of time tomm2thumbs Aug 2012 #86

And that doesn't let him off the hook, because that meeting wasn't the key one. pnwmom Aug 2012 #65

I took back my rec hfojvt Aug 2012 #57

The time of that particular meeting doesn't let Paul Ryan off the hook, and here's why: pnwmom Aug 2012 #68

not buying it hfojvt Aug 2012 #77

"Everyone" else wasn't buying. All we know is that the market went up, based on pnwmom Aug 2012 #78

NPR mentioned this this morning as well Proud Liberal Dem Aug 2012 #2

The NPR perpetuates a LIE. Fact_Checker Aug 2012 #47

Welcome to DU Proud Liberal Dem Aug 2012 #53

The NPR just didn't go deeply enough into the story to realize pnwmom Aug 2012 #70

FactPimperfortheGOP Skittles Aug 2012 #82

Can you quickly post more info on this? tomm2thumbs Aug 2012 #87

WWARD??? JanMichael Aug 2012 #3

+1,000,000,000 x 1,000,000,000 - This needs to be front and center of coalition_unwilling Aug 2012 #4

He's an inside traitor. Fantastic Anarchist Aug 2012 #42

Zing! Good one! - n/t coalition_unwilling Aug 2012 #43

Thanks, I have my moments. :-) Fantastic Anarchist Aug 2012 #83

This is so important that I have indulged in two responses to your OP. Folks on coalition_unwilling Aug 2012 #5

I don't know if the law has changed, but at the time it was perfectly legal pnwmom Aug 2012 #7

And when they did the law to keep member of Congress from taking avebury Aug 2012 #21

See below. They argue that insider trading is just as illegal for members of Congress. Chiyo-chichi Aug 2012 #24

Right, the law has since changed, only recently, elleng Aug 2012 #27

Comment by a securities attorney in response to an coalition_unwilling Aug 2012 #34

Thanks! This is interesting. n/t pnwmom Aug 2012 #35

I think it is time for Holder to appoint an independent coalition_unwilling Aug 2012 #36

Yglesias ALREADY APOLOGIZED for posting a LIE Fact_Checker Aug 2012 #51

troll grantcart Aug 2012 #63

Well, Mr. 8-post person. I see you're on hot on the debunking trail. This coalition_unwilling Aug 2012 #69

The truth is that Paul Ryan was listening all day to Republicans pnwmom Aug 2012 #71

Ryan traded BEFORE the meeting. Fact_Checker Aug 2012 #48

So did Martha Stewart. She still went to jail. grantcart Aug 2012 #64

Understood, and I understand that Matthew Yglesias has coalition_unwilling Aug 2012 #66

Someone who was at the meeting and did NOT engage in insider trading needs to call him on this. n/t pnwmom Aug 2012 #6

If any of them didn't nt independentpiney Aug 2012 #9

The thought crossed my mind. n/t pnwmom Aug 2012 #11

all heaven05 Aug 2012 #29

Greedhead Insider (R) Berlum Aug 2012 #8

I posted in the other thread about this some probably transactions.... cbdo2007 Aug 2012 #10

Maybe he was trading all year based on heads-up he was getting. We don't know. nt pnwmom Aug 2012 #12

Well he should have had a better source then, as he lost money on practically every trade. cbdo2007 Aug 2012 #13

He didn't necessarily lose it over the short term, did he? He might have made trades that appeared pnwmom Aug 2012 #16

Don't you think it's too coincidental that he tossed stocks of SaveAmerica Aug 2012 #15

Well I would, except..... cbdo2007 Aug 2012 #17

Portraying his as a bad investor is even more damaging, IMO. DaveJ Aug 2012 #33

It is definitely damaging when he's talking about privatizing social security.... cbdo2007 Aug 2012 #38

Most definitely! nt snappyturtle Aug 2012 #54

Attempted insider trading? JDPriestly Aug 2012 #37

Ryan's trades were BEFORE the meeting Fact_Checker Aug 2012 #49

Seems to me reports for that meeting were generated that morning tomm2thumbs Aug 2012 #88

To be aired soon in a political commercial near you. MoonRiver Aug 2012 #14

kick... IthinkThereforeIAM Aug 2012 #18

Ryan did nothing illegal. R. Daneel Olivaw Aug 2012 #19

there's a catch in that bigtree Aug 2012 #20

Not entirely true, BlueStreak Aug 2012 #26

Ryan traded BEFORE the meeting. Fact_Checker Aug 2012 #50

Ever hear of after hours trading? Goes on five days a week. sad sally Aug 2012 #73

You think he didn't hear anything before the meeting? BlueStreak Aug 2012 #80

Who cares if it's not against the law... WCGreen Aug 2012 #23

Precisely klook Aug 2012 #28

Did I really need to use a sarcasm thingy? R. Daneel Olivaw Aug 2012 #94

Wow grantcart Aug 2012 #22

WOW - You fell for a LIE Fact_Checker Aug 2012 #52

Your kidding right grantcart Aug 2012 #55

I think you're probably right. This is all just too...too convenient. I wouldn't snappyturtle Aug 2012 #59

Too convenient? Just ask Martha Stewart. People go to jail for this type of coincidence all of the grantcart Aug 2012 #61

Earlier trades = MORE inside info. Later trades = LESS insider info. BlueStreak Aug 2012 #81

Were you this dumbshit or are you another dumbshit? grantcart Aug 2012 #58

Awww, Ryan gets all misty-eyed when he thinks about how much money he saved with insider info <nt> Ian_rd Aug 2012 #25

Kicked and Rec RedStateLiberal Aug 2012 #30

I certainly don't think this is right, but isn't Congress allowed to do this? AllyCat Aug 2012 #31

This story won't go away anytime soon -- this is a form of insider trading. Major Hogwash Aug 2012 #32

So shady. AzDar Aug 2012 #39

lost mittens is thinking, "well since I picked Recall, the heat is off of me!" Javaman Aug 2012 #40

Oh My God Willard, You've got horrible breath! 12AngryBorneoWildmen Aug 2012 #41

but that's how you get a sh*t-eating grin.... tomm2thumbs Aug 2012 #84

Love it. 12AngryBorneoWildmen Aug 2012 #93

THIS HAS TRACTION! A) Ryan trades on insider information, and B) CANTOR guts the insider trading TrollBuster9090 Aug 2012 #44

Post removed Post removed Aug 2012 #45

Kicked and recommended. Uncle Joe Aug 2012 #56

Debunked? cleduc Aug 2012 #60

He's not off the hook. That particular meeting hadn't occurred yet, but he'd been hearing pnwmom Aug 2012 #72

You can bet those in congress who'd profitted at the insider trader trough for 16 years - sad sally Aug 2012 #74

But isn't after hours trading posted with the next day's date? pnwmom Aug 2012 #75

I'm not trolling. I'm just trying to be objective and asking opinion if i'm out of line cleduc Aug 2012 #76

Preset Pattern? tavalon Aug 2012 #91

K&R Tarheel_Dem Aug 2012 #79

I thought this was debunked! vaberella Aug 2012 #85

Greed has a hold of people when it affects THEM tomm2thumbs Aug 2012 #89

And so it begins............... tavalon Aug 2012 #90

How does someone that young get to be so...self-centered? VPStoltz Aug 2012 #92