Next time your friend says it's only the Dems or Republicans, show them the thread below. It is likely your fav politician has abused their power + will continue to do so.
A thread of unusual/nefarious congressional trading:
1/n
On 5/21, Nancy Pelosi played $AMZN + $AAPL calls. 50 calls of strikes 3000 + 100 respectively, 6/17/22. Also did $GOOGL before record earnings beat (July 2021) + $NVDA PRESPLIT on 6/3. 6/17/22.
$AMZN gets 50% of JEDI contract one month later.
Pelosi beats indices by 25%.
2/n
Congresman Gianforte:
March 18 2020 buys 1 million in $GSK + 15k $SNY.
Both receive FDA approval days later.
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Congressman Gottheimer buying $MSFT leaps before $MSFT talks buying Discord.
He formerly worked at $MSFT, & is also on board of Congress entrepreneurship.
3/n
Congressman Langevin is an exceptional options trader.
In 2019 bought $BABA calls right before a Chinese trade deal.
Sold $HUYA, $ROKU, $FB calls RIGHT BEFORE Covid.
He sits on the Cybersecurity committee and continues trading. Most active options trader in House.
4/n
Rep. Pat Fallon, who sits on subcommittee responsible for DoD software contracts + cybersecurity, sells up to $250,000 in $MSFT right before JEDI contract cancellation in June.
He sits on the direct committee knowledgeable of this deal
Has been investigated before.
5/n
$OSK x USPS blocked by the House for postal deal.
Sen Wyden bought $OSK three times (totalling 150k) in July 2020 before deal. Ran 200% profit.
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Marjorie Taylor Green: Despite being against Big Tech vocally + Silicon valley, buys $AAPL, $AMD, $CRM, $QCOM, $SQ, $AMAT.
6/n
May 24th $NVDA announces 4-1 split, rallying stock 10%.
Who knew? Politicians.
Take Rep. Ed Perlmutter who bought #NVDA BEFORE the CHIPS Act was introduced in the House.
Or Nancy Wyden, who purchased $NVDA, too.
Numerous politicans hold $NVDA, $AMD, lobby for chip deal.
7/n
On June 9, Senate passed a tech manufacturing bill to counter China.
House members bought semi-conductor stocks BEFOREHAND.
IE: Wyden $AAPL, $AMAT, $AVGO, $KLAC & $NVDA.
Roberts: On 07/09 he sold $15k $RMD, $APO before covid vaccine (both dropped as ventilator companies)
8/n
The House to decriminalize weed, many members made huge buys BEFORE.
- Virginia Foxx (R-NC) with $MO
- John Yarmuth (D-KY) with $TLRY, $BUD
- Brian Mast (R-FL) with $TLRY, $APHA
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Senate Republicans lots of stock sales at the beginning of the pandemic. Loeffler, Burr
9/n
Senator Dianne Feinstein and her husband conveniently sold off up to $6M of Allogene Therapeutics stocks between January 31 and February 18, 2020, plus selling tech pre covid crash.
Sen Roberts: presplit $TSLA one month earlier, sells one month later for +100%.
10/n
Senator James Inhofe sold up to $600k in stocks before pandemic in Feb (ie. BAM, C, DHR, INTU, AAPL, PYPL).
Senator Thomas Carper’s wife, a former DuPont executive, bought pandemic beneficiaries like $DIS, $CVS, $PEP, $PYPL in March and early April 2020.
11/n
April 2, 2020, Carper bought $DGX, a COVID-19 testing company. On Feb 16, 2021, she purchased $INTC 8-days before Biden signed his semiconductor executive order. Sen Carper 15k $BMY buy RIGHT before BMY announced their share buyback + a novel drug result published.
12/n
Sen Capito (Commerce, Science and Transportation), Bought pre gov deal $MSFT, $JNJ, $ABT March 3, 2020. Jan 6 buys $UNH 6 days before UNH's 13 billion deal + acquisition of Change Healthcare for $25.75.
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Sen Toomey (Banking, Housing and Urban Affairs): $AIV
13/n
Senator David Perdue’s biggest stock purchases in February 2020 were for $PFE, repeatedly buying into this pharmaceutical company only, up to $260k. 2 weeks later, Pfizer vaccine. He sold the majority of these on April 14, 2020 for a pretty $64k profit.
14/n
Senator Bill Cassidy: buys $MMM, $JNJ on March 9, 2020. Month later, $JNJ vaccine partnership.
Congressmen Mo Brooks, Ed Perlmutter and Mike Conaway $PFE in June/July right before the US gov signed a $1.95 billion vaccine contract
Virginia Foxx $50k in predeal $GSK.
15/n
March 12, 2020: Daniel Crenshaw buys 45k $AMZN. March 26, buys +50k $LUV, $HTZ + reopening stocks. Denies severity of pandemic
COVID Relief Bill Dec 2020 with funding for clean energy.
Oct 28: Susan Davis $50k Canadian Solar Inc (other members follow in $PLUG, $TSLA, etc)
16/n
Week before the House Judiciary Committee voted on big tech, Pelosi’s husband exercised a bullish Google bet, via ITM 5 million dollar $GOOGL calls.
This netted $5.3 million.
She did the EXACT same thing before $MSFT x Pentagon deal March 2021, exercising their LEAPs.
17/n
This will never stop. Congress has continually used their power to outperform the market.
Numerous celebrities spent their Covid relief money to fund lavish parties, designer clothing, recreational travel, and more, per BI.
They used tax payer dollars to fund their already rich lifestyles.
A 🧵:
Lil Wayne received $8.9 million in grant funds from SVOG.
He reportedly allocated over $1.3 million of that money to private-jet travel and over $460,000 to clothing from high-end brands such as Balenciaga, Marni, Raf Simons, and Gucci.
Chris Brown’s company CBE Touring received a $10 million grant—of which Brown received $5.1 million personally.
His lavish 33rd birthday party reportedly cost taxpayers almost $80,000, which was spent on “atmosphere models,” an LED dance floor, bottle service, and hookahs."
JUST IN: Senator Thomas Carper disclosed he profited shorting the US economy.
Since he will be retiring, I wanted to highlight his unusual trading while in Congress for 40 years.
He became a millionaire many times over on a modest federal salary from trading.
Take a look:
Thomas Carper bought 30k in $PSQ, an ultrashort $QQQ index, on July 13 2023.
He hedged/shorted in the past with great results with $HDGE, $SH & $PSQ.
He got out of his positions in August/September, as the market fell and he sold for a cool +15%.
Before the vaccines were announced, Carper held $RMD, $APO, and $OHI.
On 07/09 he sold his positions in $RMD, $APO, $OHI. Two weeks later, $RMD drops 15% on vaccine news (no need for ventilators), $APO / $OHI 10-20% over 3 months.