Rep. Billy Long Is Buying Up General Electric Stock

[mahatmakanejeeves]

Rep. Billy Long Is Buying Up General Electric Stock

Ed Lin, Barrons.com•January 17, 2019

The Missouri Republican bought between $15,001 and $50,000 in shares of the beleaguered conglomerate last week.
....

That's all I can quote. I'll need a subscription to read more.

Full disclosure: I own some GE too.

[dhol82]

1. Wonder what he knows?

I have had GE stock for years and it has languished for years.

[mahatmakanejeeves]

2. Maybe he thinks it's a bargain now. Beats me.

This could all be on the up and up. He's buying, and he's disclosed that he's buying.

[The Genealogist]

3. He is my piece of crap congressperson

I'd guess whatever this is about is slimy, as he is slimy scuzzball.

[SWBTATTReg]

4. He's been accused of illegally buying a stock prior to some legislative action that occurred ...

on a stock (that he was only privy to), has yet to be caught on it. I pasted a brief snapshot on his prior write-up...I'd be very careful w/ GE, I have looked at GE quite a few times, before in the past, because they paid a pretty decent dividend rate, but no more, they have cut their dividend, thus the stock suffered, and they do have some turmoil in some of their markets. Here's the quick blurb...Figures that he's from MO...

it was just a matter of time before another dirtbag Republican lawmaker would find himself outed for super dubious behavior. Both men seem to have bought a bunch of stock in an obscure Australian company named Innate. The company had an immune therapy drug that it was working through trials. Collins and his son had a lot of stock in that company, and they all sold off their stock just days before Innate’s drug failed a major trial. Well, add another Republican to the scoundrel’s fire! Meet Missouri’s own Republican Rep. Billy Long. You might remember the Trump-supporting Long for his swamp creature donor list. but today The Daily Beast reports that Long, like Collins has an intimate relationship with this obscure Innate stock.

blah, blah, blah...

[mahatmakanejeeves]

5. IIRC, Collins lost a lot of money on that. It was in LBN at the time.

I can't recall details right now.

[SWBTATTReg]

6. Thanks. I can't recall lbn meaning...thanks and take care! nt

[mahatmakanejeeves]

7. Late-breaking news.

https://www.democraticunderground.com/?com=forum&id=1014

[SWBTATTReg]

8. Thanks! Have a nice Friday!! Maybe we'll get some good news on the Mueller front!! nt

[mahatmakanejeeves]

9. I can be patient.

He never says a thing, and that's fine with me.

You have a nice weekend.