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All controversial trades by Senators in the 2020 Congressional insider trading

246 点作者 chetangoti将近 4 年前

8 条评论

bko将近 4 年前
I&#x27;ve looked at these data before and I wasn&#x27;t convinced [0]. Primarily because the amounts were relatively small and even with insider info, it&#x27;s not easy to forecast stock prices.<p>For instance, take David A Perdue<p>&gt; David Perdue sold 44 times ($3.49 MM) in the 33 days following the closed senate meeting. Interestingly James Inhofe only transacted 8 times but the combined value of shares he sold was a whopping $4.12MM.<p>According to his spreadsheet, Perdue had one sale worth 3MM of CLDX on 1&#x2F;23&#x2F;2020 at $86.82 and on 3&#x2F;23&#x2F;2021 (?) the spreadsheet states it was $29.49. Today the stock is $98.96, so if he had not sold he&#x27;d be up 13%. There&#x27;s no indication that he bought the stock back. The rest of the trades were a few thousand, which are tiny for someone worth $15MM.<p>You can play all sorts of games when you look at individual trades. I don&#x27;t think politicians are above reproach, but I think it&#x27;s incredibly difficult to get some information and be able to execute and time the market. If you told me on January 2020 that there would be a global pandemic for the next 1.5 years, I would never guessed the stock market would be up 15% in 2020!<p>[0] <a href="https:&#x2F;&#x2F;mleverything.substack.com&#x2F;p&#x2F;analyzing-us-senators-stock-picks-e8106bbbe8e" rel="nofollow">https:&#x2F;&#x2F;mleverything.substack.com&#x2F;p&#x2F;analyzing-us-senators-st...</a>
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ipaddr将近 4 年前
It is crazy they allow sitting senators to buy and sell personal stock and then we ask them to make laws that affect stock prices. Force all assets into a blind trust while they are sitting.
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tolbish将近 4 年前
Historically, what are actual pragmatic ways to bring lawmakers to justice when those lawmakers themselves have made it impossible to improve things by voting?
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tedunangst将近 4 年前
The &quot;nothing ever changes&quot; people are aware Perdue is now a former senator, right?
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bedhead将近 4 年前
&quot;Controversial&quot; has no meaning in this context and I dislike the framing. Insider trading is defined as both material and non-public. The notion that a senate briefing about COVID by some random person about their <i>personal opinion</i> on what <i>might</i> happen doesn&#x27;t even come close to qualifying as material. Nowhere close, not even in the universe of material. People might not like it, but not only were these stock sales 100% legal, they weren&#x27;t even controversial.
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boopmaster将近 4 年前
I know I personally advised friends and colleagues to dump hard somewhere around Feb 22nd, as the spread appeared to be unstoppable. I’ve played pandemic board game, am familiar with the infect cities phase of play. Further, if we held our elected officials to their word there would be considerably more turnover.
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ta1234567890将近 4 年前
And nothing will ever come of this
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lgats将近 4 年前
feed of senate stock disclosures <a href="https:&#x2F;&#x2F;sec.report&#x2F;Senate-Stock-Disclosures" rel="nofollow">https:&#x2F;&#x2F;sec.report&#x2F;Senate-Stock-Disclosures</a>