• FIash Mob #5678@beehaw.org
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    11 months ago

    I guarantee you every member of Congress used their classified briefings on Israel to make changes in their stock portfolio, and it’s not even illegal.

    • jarfil@beehaw.org
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      11 months ago

      Western, Eastern, Hamas… a lot of speculative trading is done based on rumors, what better than rumors which actually come true.

      • cwagner@beehaw.orgOP
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        11 months ago

        As was mentioned, these were very high shorts, implying a far higher confidence than mere rumors.

        • livus@kbin.social
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          11 months ago

          Yes, this was a sharp level of activity.

          Given the rumours about Egypt giving a warning 3 days earlier, I don’t think Hamas is likely the only potential source or beneficiary of the information.

    • cwagner@beehaw.orgOP
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      11 months ago

      Do you have a link? That would actually be more interesting because it would mean they’d have had advanced knowledge. Which raises “how” and “who”.

      • i_ben_fine@lemmy.one
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        11 months ago

        No, it was just commentators. They saw “unknown trader” and filled in their own biases.