Pelosi Perfectly Bottoms Nvidia! How Do You View?
Pelosi recently disclosed her latest stock transactions. She sold around $1 million worth of $Microsoft(MSFT)$ stock before its earnings and purchasing over $1.1 million worth of $NVIDIA Corp(NVDA)$ stock on July 26.
Following the disclosure of her Nvidia purchase, the stock began to soar.
Yesterday, Nvidia surged by 13%, and Pelosi has undoubtedly secured gains from this rise.
Do you think Pelosi's precise bottom-fishing this time is due to exceptional judgment or just good luck?
Some say it's because Pelosi is very influential.
In the past, stocks like $Palo Alto Networks(PANW)$ also surged after she disclosed her holdings.
Others argue that Pelosi drives a short squeeze.
What do you think?
Would you follow Pelosi's stock positions?
Leave your comments and also post to win tiger coins~
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Prohibit members of Congress and their spouses from holding, acquiring, or selling stocks or equivalent economic interests during their tenure in elected office. Any holdings in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds are exempt from the prohibition.
Give members of Congress and their spouses six months, upon assuming office, to divest any prohibited holdings or place those holdings in a blind trust for the remainder of their tenure in office.
That transaction had lawmakers crying foul about insider trading. Specifically, it riled up Sen. Josh Hawley of Missouri, who responded by introducing the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in January 2023.
They should be prosecuted for these, period.
According to a disclosure form obtained by Unusual Whales and congresstrading.com, Pelosi purchased 50 call options with a strike price of $120 and an expiration date of Dec. 20, 2024 — with a potential capital gian of up to $5 million.
“Pelosi bet millions on NVDA in November using call options. Using a deceptive tactic, she purposely disclosed this on the Friday before Christmas weekend to avoid media coverage,” ongresstrading.com revealed on X, formerly Twitter.
However, the duo has certainly made up for it in other transactions. They have netted millions of dollars in profit from buying call options on other blue-chip stocks such as Salesforce (CRM), Roblox (RBLX), and Disney (DIS).
In summary, while Pelosi's trades might offer some insights, they should not be the sole basis for your investment decisions. It's essential to do thorough research and consider your own financial situation and investment strategy. Risk management is important! She might can afford some errors in her investment but maybe not you or me.
在她收購英偉達的消息披露後，該股開始飆升。
yeah, why not if Pelosi is making tons and tons of [USD] [USD] [USD]
show and give us the [USD] [USD] [USD]
shake shake shake the [USD] tree... [Chuckle]
@GoodLife99 @Universe宇宙 @rL @LMSunshine @koolgal @Shyon @Aqa @SPACE ROCKET @TigerGPT @HelenJanet
What do you think?
Would you follow Pelosi's stock positions?
Leave your comments and also post to win tiger coins~
The new bill, if passed, would direct lawmakers to stop buying any new individual stocks immediately and at the beginning of the next session of congress in 2027 lawmakers will be required to divest from any individual assets. Previous reform proposals directed lawmakers to shift assets into blind trusts, but this measure specifies mutual funds. Congressional staffers are not covered by the proposal.
Following Pelosi's stock moves is attractive, but only feasible with substantial capital. Their recent $NVIDIA Corp(NVDA)$ purchase ($1-5 million) is a significant market signal, showcasing their ability to time the market and take calculated risks. While replicating their moves without similar resources is risky, monitoring their positions can provide valuable market insights and trading opportunities. Always do your own research, set clear risk management parameters, and diversify your trades.
The trades come amid ongoing scrutiny of stock trading by members of Congress and their families.
A group of bipartisan senators introduced a bill earlier this month targeting this.
Trading activity by members of Congress and their spouses has come under fire in recent years, with calls to ban Congress from trading individual stocks due to the sensitive or non-public information they might be privy to.
Ensure members or their spouses forfeit any investment profits to the American people via the U.S. Treasury if they are found to be in violation of the Act. Members who violate the requirements will also lose the ability to deduct the losses of those investments on their income taxes. The ethics committees of Congress may levy additional fines and will publicize violations.
Require that after two years of the Act’s implementation, the Government Accountability Office (GAO) will conduct an audit of members’ compliance with the Act.
But in the nine months since, Pelosi and committee leaders have refused to allow votes on the many congressional stock ban bills that members have introduced, including two with bipartisan support. Democratic Representative Abigail Spanberger (D-VA) recruited 12 Republicans and 58 Democrats to cosponsor her bill. Representative Pramila Jayapal (D-WA) joined with Republican Representative Matt Rosendale (R-MT) and several Democratic colleagues to introduce a House bill with Democratic and Republican co-sponsors.
These problems are the product of a broken process. Last December, Pelosi touched off an uproar by saying she opposed banning members of Congress from trading stocks: “We have a free market economy; they should be able to participate in that.” The strong negative public reaction to the remark prompted the speaker to later begrudgingly agree to consider a ban “if members want to do that.”
But in the nine months since, Pelosi and committee leaders have refused to allow votes on the many congressional stock ban bills that members have introduced, including two with bipartisan support. Democratic Representative Abigail Spanberger (D-VA) recruited 12 Republicans and 58 Democrats to cosponsor her bill. Representative Pramila Jayapal (D-WA) joined with Republican Representative Matt Rosendale (R-MT) and several Democratic colleagues to introduce a House bill with Democratic and Republican co-sponsors.
To say the bill is weak, however, would be an understatement. The bill is dangerous. It would undermine what little ethics we have in our federal government.