The significance of this is greatly exaggerated imo. If anything the fact that tic tockers are following these things speaks more to the overall speculative man

The significance of this is greatly exaggerated imo. If anything the fact that tic tockers are following these things speaks more to the overall speculative mania that’s been going on for the past couple of years in the stock market than anything. First, if you look at Pelosi’s husbands trades over the past few years they haven’t been in some small cap companies where he’s front running obvious price-moving news like an FDA approval or an acquisition. He’s basically been using leap call options on mega cap technology stocks that are extremely liquid and owned by pretty much anyone with a 401k. I have yet to see a single one that smacked of obvious insider knowledge that would obviously move the price higher. I’d wager that if the average person were privy to the same info they’d probably still lose money for the simple fact that even if you know the news ahead of time it is very difficult to predict short term market reactions to it. It seems pretty obvious that this is an example of correlation where you have a member of Congress who could be privy to inside info, a massive bull market, and some leveraged exposure to it that in reality anyone could have replicated. But the inside trading angle makes for a good story so people are quick to attribute any gains to cheating, when in reality a good portion of it is probably just luck.