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Has anyone had success trading stocks that pelosi trades
Posted on 6/27/23 at 7:45 am
Posted on 6/27/23 at 7:45 am
Wasnt there a site that tracked congressmembers purchases
2
Posted on 6/27/23 at 8:02 am to LChama
You would have to have minute by minute tracking. Her kind of insider trading allows her to sell or buy right before news gets announced that impacts stocks.
Posted on 6/27/23 at 8:03 am to LChama
There's actually two ETF's tracking republican ($KRUZ) and democrat ($NANC) which track members of each parties stock disclosures.
InvestorPalace Article
Republicans are down since it opened on Feb 7th while the Dems are up
InvestorPalace Article
Republicans are down since it opened on Feb 7th while the Dems are up
This post was edited on 6/27/23 at 8:05 am
Posted on 6/27/23 at 8:46 am to Pledge
I wonder how close to the actual timeline those ETFs are. The article didn't specify, and I know there tends to be a lot of lag time between when congresspeople purchase stock and when they actually announce it.
Posted on 6/28/23 at 9:10 am to FinleyStreet
They only find out what they’re trading through disclosures. Disclosures have to be prepared by someone. Hence the delay.
I think they should force the politicians to wait until the disclosure is filed before they can trade anything.
So they’d say I’m buying/selling 100 shares of X Stock on July 6th. Disclosure is published on the 5th. Then the market can react how it wants to to the news
I think they should force the politicians to wait until the disclosure is filed before they can trade anything.
So they’d say I’m buying/selling 100 shares of X Stock on July 6th. Disclosure is published on the 5th. Then the market can react how it wants to to the news
This post was edited on 6/28/23 at 9:11 am
Posted on 6/28/23 at 6:41 pm to Weagle25
That would certainly make things interesting. I’m more so confused how they are allowed to trade individual stocks? Or are they not and they do so through their family like pelosi’s husband? Don’t know much about it other than they are clearly privy to insider info and there’s no real consequences. Which I also can’t blame them, I’d do it too if I was them. Nice job perk
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