>mfw shorted steel

Carl Icahn, a former special adviser to Donald Trump, sold $31.3m of shares in a company heavily dependent on steel imports last week, shortly before Trump’s announcement of new tariffs sent its shares plummeting

what a pro trader this guy did his research

Is this really short steel or short a company that buys a lot of steel? It makes sense.
>steel is more expensive to import
>company spends more on it’s main operations
>revenues decline

>shorted steel
>sold $31.3m of shares
Those are different things. F-.

Guy is a market research genius! He saw the publicly available market signals and reallocated his investments accordingly.

dyor bitches

definitely used his meme line anaylsis to make this happen

So how is this not insider trading?

I just love the new swamp.

I'M COMING FOR THAT ASS

Trump was basically twittering companies up and down not long ago, wonder why SEC is standing on the sideline watching this mess.

Is this irony?

I want to go to a very good school so I can learn as much as this guy and become a billionaire too

>selling 31.2m shares literally hours before Trump announced new tariff
>coincidence

dont worry about that
make sure you pay your crypto taxes though, user

just put yourself in a couple dozen grand of debt user

Fucking reddit cancer

We don't do "witty" sarcastic replies here you cucks

downvoted

Insider trading is legal as long as you're one of the top guys.

agreed. that kind of banter literally is intellectual shit-tier... only made to be so obvious, that even the most subhuman, unintelligent scum, roaming the internet, could grasp it.

also: it's the #1 go-to humor of obnoxious bitches... so using it, while male, automatically turns your penis inside out and turns you into a cum-guzzling twink

this, just like tax evasion.