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| Home Front: Politix |
| The Obama Portfolio |
| 2009-03-20 |
| On February 22, 2005, Barack Obama, a U.S. Senator at the time, placed a trade on a tiny biotechnology company out of Oregon. The biotech company's name is AVI Biopharma. Records show that Obama purchased tiny AVI Biopharma just above $2 a share. What was AVI's claim to fame? Not much. It's a biotech company that's been around for years. It develops drugs intended for the use to treat infectious diseases... some of which the Department of Homeland Security have deemed "bioterrorism" viruses like West Nile, Dengue fever, SARS and Ebola. I know the company very well. I have played golf with former AVI CEO Dennis Burger in Sun Valley, Idaho. And Dennis gave a presentation at my biotech conference in August 2000. But even though the company was founded in 1980, it has never successfully brought a drug to market. 25 years in business. 0 drugs on market. So why did Obama buy it? Maybe he knew something 99.9% of investors didn't... You see, 8 months after Obama bought the stock, the company was awarded a $28 million contract from the federal government to research treatments against biological warfare or a bioterrorism attack. AVI Biopharma spiked in price... and days after the announcement, Obama sold his shares and booked a 73% profit. Not bad for a community activist from Chi-town, right? Sure, but Obama understood one of the most fundamental trading strategies on the street: Buy the rumor, sell the news. Add to that "don't fight the Fed" and what you have is the potential for a massive payday. But here's the best part... the Obama trading strategy is about to pay off again. Today, inside his 1,047-page stimulus plan, the White House pinpoints potentially massive deals for 3 more companies that could pay even larger gains. |
| Posted by:Beavis |
| #1 Didn't Martha Stuart do something like this and go to jail for it? |
| Posted by: Lftbhndagn 2009-03-20 16:35 |