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re: Tommy Tubberville wasting no time cashing in…

Posted on 11/7/22 at 9:12 am to
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:12 am to
On February 22, 2022, House Republican Marjorie Taylor Greene bought Lockheed Martin, $LMT, Chevron, $CVX, and NextEra Energy, $NEE.

The next day, Rep. Greene said “War and rumors of war is incredibly profitable and convenient."

Ukraine was invaded the two days later.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30606 posts
Posted on 11/7/22 at 9:13 am to
There’s no proof that he’s doing insider trades, but I agree that it’s an issue on both sides and Congress should not be allowed to trade stocks outside of certain mutual funds and index funds
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:13 am to
Representative Debbie Schultz said there was "no way … we will let oil and gas corporations hijack Congress."

Meanwhile, before the invasion of Ukraine, she bought oil and energy tickers, some of which were up 64%.
Posted by MrSpock
Member since Sep 2015
4364 posts
Posted on 11/7/22 at 9:14 am to
quote:

did you even look at his trades?


His most traded product is Corn futures when he sits on the Agricultural committee. Completely normal.

Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:18 am to
You’re an idiot.

If you don’t care that many members of congress use information not readily available to the public for financial gain ( often passed to them by lobbyists) then say so.

But denying it exists or that it negatively impacts regular investors makes you a fool.
This post was edited on 11/7/22 at 9:20 am
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:22 am to
House Democrat Josh Gottheimer, who sits on the Committee on Financial Services, bought up to $30k and sold up to $15k $BHP.

It lobbied the government on “Financial Institutions/Investments/Securities.

By the end of 2021, his purchase was up +40%.
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:23 am to
And as for Tommy Boy:

Senator Tommy Tuberville bought $ECOM strangely before it was acquired.

Tuberville bought nearly 350k of $ECOM in 2022, 250k two months before the buyout at $14 dollars per share.

It rallied to $23. He made 55%. He recently sold his stake for millions
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:25 am to
Another option to end this would be to force congressional trades to be made public in real time. Based on just what I posted above (from the same site referenced earlier) if you traded like congress trades, you could do very well for yourself.

But hey, nothing burger, right?
Posted by MrSpock
Member since Sep 2015
4364 posts
Posted on 11/7/22 at 9:26 am to
quote:

Nobody said he’s researching or doing good research. That’s only 3 trades per market day - nothing crazy for an active trader


Ah...so he's just winging it from the subcommittee chair day in and day out. Got it.
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 9:30 am to
Sorry. Misunderstood.
This post was edited on 11/7/22 at 10:00 am
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 11/7/22 at 9:47 am to
MrSpock was agreeing with you.
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 10:05 am to
I misunderstood. My apologies. This topic has me seeing red in general and why others are completely okay with the behavior is astounding to me.

The trading activity around major pandemic and “vaccine” announcements is particularly upsetting. Guess I’m kind of alone based on this thread though.
This post was edited on 11/7/22 at 10:05 am
Posted by frogtown
Member since Aug 2017
5054 posts
Posted on 11/7/22 at 10:30 am to
quote:

It’s not a crime you dip shite


Trading on insider info is a crime you dipshat.

You said in your first post Tuberville was trading on inside info.

Your words. Not mine.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17041 posts
Posted on 11/7/22 at 10:38 am to
quote:

did you even look at his trades? Mostly blue chips. Doesnt take a rocket scientist to make trades. Just look in the mirror

This shows your lack of knowledge. You don't trade blue chips stocks that many times because they are relatively more stable. That's the reason they are "blue chip". Nice try though
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17041 posts
Posted on 11/7/22 at 10:40 am to
quote:

…and he’s not even close to the worst of them. Politicians using inside information to cash in on the market is truly disgusting. Something needs to be done about this.

Why did this get 5 downvotes? So people like for Politicians to get rich off of off inside info????

Hell why don't they just raise your taxes while they're at it.
Posted by lsu13lsu
Member since Jan 2008
11487 posts
Posted on 11/7/22 at 10:56 am to
quote:

Needs to be a fund set up that all nationally elected officials have to park their investments in until after they leave office. Some very generic growth index fund that is tied to American industries and companies. Incentive to make the overall economy grow and prosper, but not individual stocks and companies like they do now


This. Seems like a no-brainer.
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 11:01 am to
quote:

Trading on insider info is a crime you dipshat. You said in your first post Tuberville was trading on inside info. Your words. Not mine.


Wait…you don’t know how the law looks at SEC licensed traders? And that there is a difference? You don’t know that the only law pertaining to congress is the requirement to report financial activity?

You should probably stop and do some research before you look even more like a fool.
Posted by AlaskaAg
Member since Feb 2022
844 posts
Posted on 11/7/22 at 11:03 am to
Because I named a Republican. A lot of people have become so dogmatic for their guy that they will automatically assume anyone naming them as a culprit is a lib and and an enemy.

Where in reality, government in general is the enemy.
Posted by frogtown
Member since Aug 2017
5054 posts
Posted on 11/7/22 at 11:12 am to
quote:

You should probably stop and do some research before you look even more like a fool.


Again you have no proof. I asked for proof.

Theories don't work.

This stuff does get looked at. It does get investigated by the SEC. We just had 3 or 4 Senators get investigated for trades pre COVID.
This post was edited on 11/7/22 at 11:18 am
Posted by SuperD AP
Member since Feb 2008
1177 posts
Posted on 11/7/22 at 11:23 am to
Maybe he has someone who manages his account IDK.
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