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So far this March, Keith Olbermann has been spent more time defending George Soros than addressing the incongruity of this far-left patron making a $62 million investment in Halliburton, a company KO has routinely condemned on Countdown.
Unremarked upon by Olbermann was that Soros, the world's most famous war profiteer and leading patron of far-left activist groups, celebrated his first million dollars in capital gains when Halliburton cracked through the $32.00 a share level.
Soros began making purchases of Halliburton last October when the stock was trading near its 52 week low (26.33). His purchase prices were between $27.62 and $33.53, with an estimated average price of $31.3. As of 12/31/06, Soros owned 1,999,450 shares, more than 2% of his total portfolio, making it one of the largest investments by Soros Fund Management over the past year.
Halliburton closed the week at $32.06 giving Soros a profit of $2,019,367 based on his holdings at the end of the 2006-4Q.
The Soros-funded Center for American Progress which has published dozens of scathing articles on Hallburton since its founding in 2003 by Soros has gone silent on Soros' investment in Halliburton. In fact, all criticism of Halliburton by CAP ceased in 2006 shortly before Soros began buying up Halliburton stock. Likewise, other Soros-backed groups such as MoveOn.org and Media Matters for America have been silent as have been the big blue blogs.
We will be regularly monitoring Soros' investment in Halliburton on OlbyWatch.