5 ms·

>On July 27th, Nancy & Paul Pelosi sold all 25,000 of their shares of Nvidia, $NVDA. Today $NVDA was told to restrict chip sales in China & Russia by the US Gov

>On July 27th, Nancy & Paul Pelosi sold all 25,000 of their shares of Nvidia, $NVDA. Today $NVDA was told to restrict chip sales in China & Russia by the US Government on August 26. $NVDA is down 20% since their initial sale, -5% in after hours today. https://twitter.com/unusual_whales/status/1565114073389625349 https://twitter.com/unusual_whales/status/156511407338962534...

astrange 4y ago
It's unrelated, Nancy Pelosi doesn't even profit off her stock sales. Her broker is just churning her account to look busy. https://twitter.com/quantian1/status/1476589270454390787 https://twitter.com/quantian1/status/1476589270454390787 Similarly Rand Paul, if he tried to insider trade, lost money too. https://twitter.com/quantian1/status/1425981488408010756 https://twitter.com/quantian1/status/1425981488408010756 Remember, most of the time, the boring normal story is the accurate one.
- TakeBlaster16 4y ago
  https://www.youtube.com/watch?v=OuNPbqsoDus https://www.youtube.com/watch?v=OuNPbqsoDus That body language is pretty damning
- mattwilsonn888 4y ago
  What are you talking about? You don't need to profit to insider trade. Losing 5% is a lot different than losing 50%.
  - astrange 4y ago
    What's the point if you underperform the benchmark? This is just another form of reporting an executive "suddenly sold a bunch of stock" (when they filed a 10b5-1 plan about it months ago).
    - 01100011 4y ago
      Losing 5% this year puts you ahead of the S&P500 :D
    - mattwilsonn888 4y ago
      Cheaters can be incompetent. I find the timing of trades of stocks closely related to what congress was voting more compelling than the under performance. Maybe you are right, but either way, the incentive should not exist at all - lawmakers having access to the markets while in office should be a blight of shame on a nation.
philjohn 4y ago
Wow she could have made a killing shorting the stock ... yet didn't.
deleted 4y ago
[deleted]
pvg 4y ago
Eschew flamebait. Avoid unrelated controversies, generic tangents, and internet tropes. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

astrange 4y ago

It's unrelated, Nancy Pelosi doesn't even profit off her stock sales. Her broker is just churning her account to look busy. https://twitter.com/quantian1/status/1476589270454390787 https://twitter.com/quantian1/status/1476589270454390787 Similarly Rand Paul, if he tried to insider trade, lost money too. https://twitter.com/quantian1/status/1425981488408010756 https://twitter.com/quantian1/status/1425981488408010756 Remember, most of the time, the boring normal story is the accurate one.

TakeBlaster16 4y ago
https://www.youtube.com/watch?v=OuNPbqsoDus https://www.youtube.com/watch?v=OuNPbqsoDus That body language is pretty damning
mattwilsonn888 4y ago
What are you talking about? You don't need to profit to insider trade. Losing 5% is a lot different than losing 50%.
- astrange 4y ago
  What's the point if you underperform the benchmark? This is just another form of reporting an executive "suddenly sold a bunch of stock" (when they filed a 10b5-1 plan about it months ago).
  - 01100011 4y ago
    Losing 5% this year puts you ahead of the S&P500 :D
  - mattwilsonn888 4y ago
    Cheaters can be incompetent. I find the timing of trades of stocks closely related to what congress was voting more compelling than the under performance. Maybe you are right, but either way, the incentive should not exist at all - lawmakers having access to the markets while in office should be a blight of shame on a nation.

philjohn 4y ago

Wow she could have made a killing shorting the stock ... yet didn't.

deleted 4y ago

[deleted]

pvg 4y ago

Eschew flamebait. Avoid unrelated controversies, generic tangents, and internet tropes. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html