He has been covering this for some time. He has done a nice review of congress and stocks.
Worth a read.
not a new strategy
and it is a great indicator too
This is actually quite clever assuming one has access to accurate and timely information.
As soon as I saw that Microsoft got that giant cloud contract and there was news that Pelosi had just bought a lot of MSFT I loaded up on options and made BIG profit!
This isn't about "members of Congress" or "Senators," it's about Nancy Pelosi, the most powerful woman in the world.
Don't lump her in with diluted Congressional stock pickers -- Pelosi is dealing from an entirely different deck.
-PJ
Interesting strategy. Where does one find this information?
The Dow is up close to 30% yoy, the SPX up 38% and Nasdaq is up 38% as well.
Only a moron could manage to lose money in the past 12 months.
The bad news is Nancy potentially benefits from stock investors attempting to tag along after her husband’s purchases.
Insider Trading, which is illegal, is one of many reasons why our betters in fedgov are so rich. The other reasons are either illegal or should bring up ethics charges.
This is a fantastic idea.
The problem is the delay. By the time the information on the trade becomes public, any advantage of insider trading has probably passed. Any bump following the disclosure is just caused by folks following this investment fad.
Now, if one could get the info in real or near real time, it would be a big advantage.
He has been covering this for some time. He has done a nice review of congress and stocks.
Worth a read.
Smart move, but I’m sure this has been done for as long as it
was possible.
Of course by following this advice to purchase stocks that Pelosi buys you are pumping up the very investments she has made. Hence, it becomes a “self-fulfilled prophecy”. So if you want to enrich Pelosi, then just go ahead and follow her lead. The better strategy in my opinion would be if you own anything she buys, then attempt a mass exodus from that stock and advise others likewise.
Enter Congress middle class.
Leave Congress a millionaire many times over.
".........government watchdogs are interested in these trades because of the possibility that lawmakers could use the private information they obtain through their jobs for money-making investment decisions."
Bump for later
Bkmrk
The politicians get the initial bump up in price and sell. They make the money and you lose when he stock then falls back. Robinhood is offering investors access to IPO’s just like insiders.
On the other hand if groups of investors know what their hated congress member has invested in and they themselves have bought those stocks...they can discomfit that congress person by mass selling those stocks and force the price down quickly forcing the congressman to endure a loss.