Is it normal for a President to name and promote stocks while he is heavly trading for himself

AI Summary

Author is short Eli Lilly, citing concern over presidential stock promotion and market manipulation risk rather than fundamentals.

LLY — SHORT The author states they recently shorted Eli Lilly, questioning whether a stock that was at 850 only recently truly deserves 1,350. The rationale is that the US president is promoting the same stock as the next big thing after Dell, Intel and Oracle, and that he or someone on his behalf has traded 3,000 times since being elected, which the author sees as manipulation that could drive investors away. The author acknowledges they might be wrong in their reasoning.

I recently shorted Lilly and I might be wrong in my reasoning and stock that was 850 only recently might truly deserve to be 1,350.

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u/vagobond45 Reddit r/stocks

Short Lilly on promotion and manipulation risk

The author states they recently shorted Eli Lilly, questioning whether a stock that was at 850 only recently truly deserves 1,350. The rationale is that the US president is promoting the same stock as the next big thing after Dell, Intel and Oracle, and that he or someone on his behalf has traded 3,000 times since being elected, which the author sees as manipulation that could drive investors away. The author acknowledges they might be wrong in their reasoning.

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