Unusual whales congress stock report

1,619 Views | 10 Replies | Last: 3 days ago by DrEvazanPhD
Who?mikejones!
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Heres how congress did in the market with the winner outperforming the market by 78%.

On average, congress outperformed by over 16%.



On, and that mtg- yeah, she made money off our foreign policy, despite all the bleeding she's doing these days

Why again is insider trading allowed in congress?
Hey Nav
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AG
I bought some Palantir just over a year ago. It's up, as of today, 134%.

I have absolutely no insider information. I am of very modest means. Researching the market and having a self directed portfolio is a hobby I enjoy. Sometimes you just get lucky.
Gigem_94
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AG
Chip Roy needs to find better insiders.
Who?mikejones!
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Did you buy it 4 times while sitting on the oversight committee which deals with major govt contracts like palantir?
EastSideAg2002
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The data supports Congress is just smarter.
Hey Nav
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AG
I wish !
BusterAg
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AG
I think that the best way to regulate this is to force Congress to publicly disclose their trades 60 days in advance.

Something like: I intend to buy X stock at no more than X price in 60 days. If 60 days comes and goes and the congress person still wants to buy the stock, more power to them. Make it illegal for congress people to trade specific stocks except under these guidelines.

Basically, you just assume that Congress is an insider to 100% of all publicly traded stocks, and apply the same Securities and Exchange Commission regulations to Congress as you do to all other insider trades.

Market efficiencies will take care of the rest.

But, of course, congress does not want that.
Ag87H2O
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AG
Nancy Pelosi is slipping in her old age. That, and she's no longer the Speaker.
maverick2076
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Or, she's hiding her best trades somewhere else.
pagerman @ work
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Prohibit any Congressperson or anyone in their family 2 generations past or future from making any transactions on any stock for an entity or any of its subsidiaries that has any current awards or pending bids/awards with any federal, state or related governmental entities for a period of 24 months (735 days) before and after the purchase date of the stock. Should any company that the congressperson has purchased stock in enter into the bidding process or be awarded any contract/agreement with any federal, state or related entity within up to 24 months (735 days) after purchase by the congressperson, that purchase is null and void and the stock shall be surrendered to the company or sold at the price originally paid by the congressperson (i.e. there shall be no profit or loss on the sale of said stock).

Further, no congressperson may invest in any company or any of a company's entities that is in any way or manner regulated by any federal or state regulatory body (governmental or private). Should any congressperson own any stock in a company that is regulated by any public or private federal or state entity (including existing stocks owned by the congressperson prior to their election), such stock shall be liquidated at the price of the stock on the day prior to their official announcement of their candidacy for congressional office.

This includes any blind trust or similar arrangement that may be in place to manage the congressperson's investments.

Or you could simply mandate that upon election to the House, Senate or presidency that individual must move all of their investments out of stock of any individual company and into mutual funds indexed to a domestic stock exchange and managed by a nameless, faceless bureaucrat.

Any violation of the foregoing shall be punishable by mandatory impeachment. Upon a finding of guilty, the individual is stripped of their office, ineligible for federal office at any level for the remainder of their life (this would admittedly probably require a constitutional amendment), and the case subject to being forwarded to the Department of Justice for criminal investigation. A conviction in federal court carries with it a mandatory sentence of 10 years in a federal supermax facility.
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. It's inherent virtue is the equal sharing of miseries." - Winston Churchill
DrEvazanPhD
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Damn. Nancy and dirty Dan Crenshaw are down this year.

But I'm sure these mouth breathers just "study" the market and beat Warren buffet handily.
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