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Reply #4: You are correct - not to mention they have no comments [View All]

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Home » Discuss » DU Groups » Democrats » John Kerry Group Donate to DU
karynnj Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-11 11:20 AM
Response to Reply #2
4. You are correct - not to mention they have no comments
I had seen the business insider article yesterday, which had a lot of detail on the charges which were laid out with as written. The information you had on the author shows that this really is the start of another Republican smear campaign.

The fact is that the methodology (if it deserves that word) will find capital gains for almost any transaction made in 2010. He then calls them "lucky", because of course, having a gain over an interval where the market rose as much as 57% is all "luck" or "coincidence".

The same goes for the stock market from 2003 to 2004, where it went from 8054 on 1/1/2003 to 10490 by 1/1/2005. Again when the market increases about 30%, it is not "luck" or coincidence.

As to Amgen, no matter when they bought it, they would have done better to sell it a month later or to have kept it until today! In retrospect, this was a bad transaction.
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