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Comment by kurofune | Hacker News Reader

>On July 27th, Nancy & Paul Pelosi sold all 25,000 of their shares of Nvidia, $NVDA. Today $NVDA was told to restrict chip sales in China & Russia by the US Government on August 26. $NVDA is down 20% since their initial sale, -5% in after hours today.

https://twitter.com/unusual_whales/status/156511407338962534...

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Eschew flamebait. Avoid unrelated controversies, generic tangents, and internet tropes.

https://news.ycombinator.com/newsguidelines.html

It's unrelated, Nancy Pelosi doesn't even profit off her stock sales. Her broker is just churning her account to look busy.

https://twitter.com/quantian1/status/1476589270454390787

Similarly Rand Paul, if he tried to insider trade, lost money too.

https://twitter.com/quantian1/status/1425981488408010756

Remember, most of the time, the boring normal story is the accurate one.

https://www.youtube.com/watch?v=OuNPbqsoDus

That body language is pretty damning

What are you talking about? You don't need to profit to insider trade. Losing 5% is a lot different than losing 50%.

What's the point if you underperform the benchmark?

This is just another form of reporting an executive "suddenly sold a bunch of stock" (when they filed a 10b5-1 plan about it months ago).

Losing 5% this year puts you ahead of the S&P500 :D

Cheaters can be incompetent. I find the timing of trades of stocks closely related to what congress was voting more compelling than the under performance. Maybe you are right, but either way, the incentive should not exist at all - lawmakers having access to the markets while in office should be a blight of shame on a nation.

Wow she could have made a killing shorting the stock ... yet didn't.

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