I think they can be prosecuted but I know they passed a law that exempted them from online disclosure so most people will never know what they are up to. Obama had signed an act that was designed to crack down on insider trading but Congress gave themselves an out because they are all assholes.
You know, you really have to wonder if this doesn't play a big part in the politics of California and in this case the entire country since she is also Speaker of the House. They may be clamping down so hard on retail businesses because they are incentivized to do so as it will raise their stock and make them millions of dollars. What other Governors and Mayors and Congressmen and Congresswomen bought stock in Amazon or other online delivery specialists knowing that the shutdown was ahead? How many of them are incentivised to keep it rollling so they can continue to enrich themselves?
They are all soulless criminals getting rich off the backs of Americans. Billionaire Kelly Loeffler - who bought her senate seat from the governor of GA - and her NYSE executive husband made millions on insider trading after she attended the classified senate briefing about Wuhan Virus. They dumped a bunch of stock, bought more bio stock and specifically bought huge shares in a work from home computer app. Those two made an obscene amount of trades (90+ in one day reportedly) and profit of millions of dollars the first two weeks after the national quarantine. And she’s trying to say that she “had no idea what her broker was doing” during that time. Riiiiight.
So, we need to watch when $5M of amazon stock is sold in one go, and watch what other stock is bought 3 days later, so we can profit too?
Are they allowed to leak this information like they just did with their stock trades? I wonder if any AI is able to pick up on the specific trading method used for these transactions and learn to follow the behavior and make use of information that I assume is only available to congress.
It is not like anyone would be willing to trade directly with a congress person outside an exchange with anonymous orders, considering the disparity in information and legal protection between congress people and everyone else.
I remember reading on WSB that all of the trading done by those in Congress has a paper trail that anyone can see; however, it's difficult to shift through it all in a timely enough manner to make any meaningful use of it.
Again - and as usual - PROJECTION. I'm not saying that R's haven't behaved badly. I'm saying that Dems do the same, but just scream at the top of their lungs, using their propagandists in the state media, to be sure that only R's actions are made into a public scandal.
I’m also skeptical, would prefer to see where the information is coming from. Pelosi is not above something sketchy like this, but I don’t want to fall victim to confirmation bias.
This is from 2019 and the strike price was set back then. That's point of options. You get it price X, and hope it's higher than that when you exercise them.
If X is below market price, and the delta is high enough to cover taxes and cost, it's good to buy.
Came to post this. Few people dislike Pelosi as much as I do... but this is bullshit.
The lowest amazon hit recently was 1800. And the highest after that was 2050 or so. Even if you work out some generous math, 5 million buys you 2777 shares and making $300 a share brings the best case profits to $833,000. Not millions, not one million.
Don’t need fakenews to make Pelosi look bad. Gatewaypundit sucks.
It was an option to purchase 3000 shares at $1600 which expired after 1/17/20. Basically what this means is that in 2018, Pelosi (Pelosi‘s husband) paid to purchase an asset (called an option) from someone that gives them the legal right to purchase 3000 shares from that someone at price of $1600/share. The person who sold the option was making a bet that amazon’s stock price would be at or lower than $1600 during the period of time before the option expired.
So let’s say AMZN stock was trading at $1550 during the last 2 years and never reached $1600. Pelosi’s husband would not exercise the option to pay $1600/share if he could purchase shares on the open market at $1550. Then after 1/17/20 when the option expires, the person who sold the option has successfully made the profit from originally selling the option, and never had to supply the shares.
However if the person who sold the option was incorrect in their bet about the stock price of AMZN, and the stock rose to $1800 (it did), then Pelosi’s husband has the right to purchase those shares for $1600 a piece from the person holding the option, and that person has to purchase 30 shares at the market rate of $1800 and deliver them to Pelosi’s husband at the agreed price of $1600. The option holder still gets the amount he was paid for the option itself, but they are out the amount of money they had to pay to acquire the shares minus the $1600 they receive for each share.
If Pelosi’s husband didn’t exercise this option on the 17th, the option would expire and they get nothing. The timing was poor, but this doesn’t indicate corruption. It’s just how options work.
Which means the option to buy the shares was purchased in 2018, WAY before the supposed inside information was acquired in congressional Coronavirus meetings.
Pelosi is corrupt, but this is fake news. Since the option expired on this day, and the current price for shares was considerably higher than the option price, the only move was to exercise the option for $1600/share. The option would have been worthless the next day, this does not indicate fraud.
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
H. L. Mencken
Be corrupt. Get voted to the top, by corrupt buddies running corrupt elections. Make millions from corrupt rules. Go recruit to fill new vacancies. Return to the beginning.
How did she make millions buying $5m in stock? Unless she bought options. Even cherry picking it's lowest point in the past two weeks, at 1689, with it's highest point since then, 1992, that's about an 18% increase. Even assuming those two very cherry picked numbers, she's made about $896k. Reality is probably closer to $700k.
this shit needs fixed. If i can't buy/sell stock on insider knowledge, neither should congress. No sitting congressperson/senator/government official should be able to trade in stocks while legislating funding or dictating production.
She bought on Jan 17th. That's quite a bit of time before the market TANKED. Going down makes her purchase worth less money. It has rebounded some and she is above water, but once again TRUE PUNDIT if full of misleading shit.
Fun fact! The United States never signed the treaty that bans the use of Letters of Marque and Reprisal. Also, given the historical evidence in the War of 1812, where private citizens were not just permitted but encouraged to outfit and crew private warships against the British, we can determine that the Founders intended the Second Amendment to extend to cannons and other large armaments.
So, legally speaking, all that's standing between you and a life of plundering Chinese cargo vessels is approval from your congressman.
I say go ahead and investigate it then. Grassley (at least I think it was him, happened weeks ago) was caught on tape telling a bunch of friends how impactful the stuff will be a month or two in advance. Throw them all away if they have done wrong.
Who says we don't have them? You would be surprised.At least in The South. We are always prepared for the Norths Fuckery. The North may beat us again...but by Goddamn we will fight them to the death.Plus we have The U.S.Military. The largest percentage of the Military fighting force is from the South.
Pelosi has conducted insider trading for 30 years, everyone knows it.
They created the "Pelosi Provision" to try to slow her roll, worked well I see
“It’s OK when we do it.”
-politicians
That’s why we need term limits and public records of elected officials income while in office and afterwards
I think they can be prosecuted but I know they passed a law that exempted them from online disclosure so most people will never know what they are up to. Obama had signed an act that was designed to crack down on insider trading but Congress gave themselves an out because they are all assholes.
If that wasn't bad enough, look at what Pelosi wants now in the next CV phase bill...Yup, tax cuts for the money she stole.
https://thedonald.win/p/FMOEIFAx/pelosi-pushes-tax-cut-for-the-we/c/s
Booting h, right?
Oh- stocks...yup them too.
Tempted!
You know, you really have to wonder if this doesn't play a big part in the politics of California and in this case the entire country since she is also Speaker of the House. They may be clamping down so hard on retail businesses because they are incentivized to do so as it will raise their stock and make them millions of dollars. What other Governors and Mayors and Congressmen and Congresswomen bought stock in Amazon or other online delivery specialists knowing that the shutdown was ahead? How many of them are incentivised to keep it rollling so they can continue to enrich themselves?
It’s a conflict of interest. All their holdings should be in a blind trust as long as they are in office.
Required for president, not Congress (smfh)
They are all soulless criminals getting rich off the backs of Americans. Billionaire Kelly Loeffler - who bought her senate seat from the governor of GA - and her NYSE executive husband made millions on insider trading after she attended the classified senate briefing about Wuhan Virus. They dumped a bunch of stock, bought more bio stock and specifically bought huge shares in a work from home computer app. Those two made an obscene amount of trades (90+ in one day reportedly) and profit of millions of dollars the first two weeks after the national quarantine. And she’s trying to say that she “had no idea what her broker was doing” during that time. Riiiiight.
So, we need to watch when $5M of amazon stock is sold in one go, and watch what other stock is bought 3 days later, so we can profit too?
Are they allowed to leak this information like they just did with their stock trades? I wonder if any AI is able to pick up on the specific trading method used for these transactions and learn to follow the behavior and make use of information that I assume is only available to congress.
It is not like anyone would be willing to trade directly with a congress person outside an exchange with anonymous orders, considering the disparity in information and legal protection between congress people and everyone else.
/r/wallstreetbets has a couple of posters that follow her trades when she releases her financial disclosure forms.
I wouldn't doubt there are algorithms that account for it.
I remember reading on WSB that all of the trading done by those in Congress has a paper trail that anyone can see; however, it's difficult to shift through it all in a timely enough manner to make any meaningful use of it.
No one is above the law, except Democrats.
They have the audacity to complain Republicans are doing insider trading. The top post on r/all last week was "5 Republicans sued for insider trading"
Again - and as usual - PROJECTION. I'm not saying that R's haven't behaved badly. I'm saying that Dems do the same, but just scream at the top of their lungs, using their propagandists in the state media, to be sure that only R's actions are made into a public scandal.
I’m also skeptical, would prefer to see where the information is coming from. Pelosi is not above something sketchy like this, but I don’t want to fall victim to confirmation bias.
Yup - no sauce.
http://clerk.house.gov/public_disc/financial-pdfs/2018/10026982.pdf
4th item from top
This is from 2019 and the strike price was set back then. That's point of options. You get it price X, and hope it's higher than that when you exercise them.
If X is below market price, and the delta is high enough to cover taxes and cost, it's good to buy.
i get that, but when an ITM option expires (jan 2020) you have the right to buy them at that price
article says pelosi bought 3000 shares for 1600 dollars, financial disclosure proves it because she owned call options from years prior
Came to post this. Few people dislike Pelosi as much as I do... but this is bullshit.
The lowest amazon hit recently was 1800. And the highest after that was 2050 or so. Even if you work out some generous math, 5 million buys you 2777 shares and making $300 a share brings the best case profits to $833,000. Not millions, not one million.
Don’t need fakenews to make Pelosi look bad. Gatewaypundit sucks.
It was an option to purchase 3000 shares at $1600 which expired after 1/17/20. Basically what this means is that in 2018, Pelosi (Pelosi‘s husband) paid to purchase an asset (called an option) from someone that gives them the legal right to purchase 3000 shares from that someone at price of $1600/share. The person who sold the option was making a bet that amazon’s stock price would be at or lower than $1600 during the period of time before the option expired.
So let’s say AMZN stock was trading at $1550 during the last 2 years and never reached $1600. Pelosi’s husband would not exercise the option to pay $1600/share if he could purchase shares on the open market at $1550. Then after 1/17/20 when the option expires, the person who sold the option has successfully made the profit from originally selling the option, and never had to supply the shares.
However if the person who sold the option was incorrect in their bet about the stock price of AMZN, and the stock rose to $1800 (it did), then Pelosi’s husband has the right to purchase those shares for $1600 a piece from the person holding the option, and that person has to purchase 30 shares at the market rate of $1800 and deliver them to Pelosi’s husband at the agreed price of $1600. The option holder still gets the amount he was paid for the option itself, but they are out the amount of money they had to pay to acquire the shares minus the $1600 they receive for each share.
If Pelosi’s husband didn’t exercise this option on the 17th, the option would expire and they get nothing. The timing was poor, but this doesn’t indicate corruption. It’s just how options work.
sorry but you're mistaken. fourth item from the top. 30 calls = 3000 shares, strike price of $1600/share, expiry January 17th, 2020
http://clerk.house.gov/public_disc/financial-pdfs/2018/10026982.pdf
Which means the option to buy the shares was purchased in 2018, WAY before the supposed inside information was acquired in congressional Coronavirus meetings.
Pelosi is corrupt, but this is fake news. Since the option expired on this day, and the current price for shares was considerably higher than the option price, the only move was to exercise the option for $1600/share. The option would have been worthless the next day, this does not indicate fraud.
Pelousy hates the American people.
Little of this and a lot of that - kek
Greasy Nancy hates America.
I like this boog quote. We need more of this on the front page.
Is it boog tiem nao?
You owe it to yourself to brush up on some H. L. Mencken quotes.
I just picked up a nice little SOG Flash II.
Henry ford had a similar quote
Jews love to play the persecution card. But there's got to be an underlying reason they're hated almost universally.
Well, I can't say he's wrong about that.
I used to have OP's Mencken quote on a small placard on my desk when I did tech support decades ago.
I think the customers got nervous from time to time.
Only the ones that saw you spitting on your hands.
Be corrupt. Get voted to the top, by corrupt buddies running corrupt elections. Make millions from corrupt rules. Go recruit to fill new vacancies. Return to the beginning.
What happened to America?
How did she make millions buying $5m in stock? Unless she bought options. Even cherry picking it's lowest point in the past two weeks, at 1689, with it's highest point since then, 1992, that's about an 18% increase. Even assuming those two very cherry picked numbers, she's made about $896k. Reality is probably closer to $700k.
the pelosis do buy options. check out her financial disclosures
http://clerk.house.gov/public_disc/financial-search.aspx
if you're into trading, her shit is a great leading indicator.
He constituents will applaud her insight.
The Democrat Party is the enemy of the American people.
Can't wait for Barr to do absolutely nothing about this.
I know Trump absolutely hates Bezos and Pelosi.
It’d be hilarious if he tweeted about this.
How is this not insider trading?
some animals are more equal than others
It’s a long running joke on /r/WallStreetBets to follow Pelosi’s trades because she is so corrupt.
Everywhere Pelosi goes people should show up with an empty Amazon box to protest this. It costs nothing and raises awareness of the issue.
Absolutely nothing surprising about that. That's what she's been doing now since you got into office, and what her father did before her.
She plays the game well. I would really enjoy seeing her demented ass locked up.
Anyone catch the presser a few days back when they asked the GEOTUS if his companies were going to be able to get assistance from the CARES act?
He didn't say directly but it sounded like he allowed himself to get written out for his companies.
Anyone else catch that part of the Q&A?
Annnnnddddd....... nothing will happen.
It says "Must be tempted" calm down faggots.
this shit needs fixed. If i can't buy/sell stock on insider knowledge, neither should congress. No sitting congressperson/senator/government official should be able to trade in stocks while legislating funding or dictating production.
Lol. That title would’ve been sooooo banned on Reddit
She bought on Jan 17th. That's quite a bit of time before the market TANKED. Going down makes her purchase worth less money. It has rebounded some and she is above water, but once again TRUE PUNDIT if full of misleading shit.
Fun fact! The United States never signed the treaty that bans the use of Letters of Marque and Reprisal. Also, given the historical evidence in the War of 1812, where private citizens were not just permitted but encouraged to outfit and crew private warships against the British, we can determine that the Founders intended the Second Amendment to extend to cannons and other large armaments.
So, legally speaking, all that's standing between you and a life of plundering Chinese cargo vessels is approval from your congressman.
Based and Menckenpilled.
Guys, she had a BLIND TRUST.
Grassley was one of the four (yes, four of them massively unloaded stocks) that DIDN'T and made off like a bandit.
I criticise Grassley for his move, however the other three it is out of their hands.
Allegedly out of their hands.
I say go ahead and investigate it then. Grassley (at least I think it was him, happened weeks ago) was caught on tape telling a bunch of friends how impactful the stuff will be a month or two in advance. Throw them all away if they have done wrong.
#emptyhospitals
God or Government
Capitalizing on the misfortune of Americans. How typical. She is beyond disgusting.
is that not in side trading???
Dude, we have GOT to have term limits and NO market investment for government positions!
This needs more sauce... or am I missing it?
Cry havoc! and let slip the dogs of war. - from Julius Caesar
OH!! i got to become a dem... do this and not be called OUT!!
YUUUUGE
Who says we don't have them? You would be surprised.At least in The South. We are always prepared for the Norths Fuckery. The North may beat us again...but by Goddamn we will fight them to the death.Plus we have The U.S.Military. The largest percentage of the Military fighting force is from the South.
Im not sure why you are getting downvoted...the NFA and Hughes were a disaster for the nation.