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r3020
Senior Advisor

Nancy Pelsoi is the big hog at the trough

Dems don't work for what is best for the American worker, they work for what is best for their vested interest.

 

Nancy And Paul Pelosi Bought More Than $1 Million In Tesla, Disney And Apple Calls In December

 

When one looks at a situation like Monday's insanity-fueled, retail induced short squeeze across the board, one must ask: who are the government officials that have allowed this to happen and what have they been doing during the time they should be regulating such multiple-sigma market absurdities?

Allow us to offer a partial answer. If you were Nancy Pelosi and her husband, you were buying call options in names like Apple, Tesla and Disney. That's what a new disclosure, detailed in Barron's, revealed late last week. 

Paul Pelosi purchased LEAPS in Tesla, Apple and Disney and shares in AllianceBernstein on December 22, the disclosure revealed. In other words, it's not just clueless retail Robinhood investors that are speculating; it's also clueless politicians. 

He purchased 100 $100 strike Apple calls that expire in January 2022 and paid between $250,000 and $500,000 for them. He also bought 25 in the money Tesla calls, selecting the $500 strike calls with a March 2022 expiration, according to the report. Those cost between $500,000 and $1 million. Finally, he bought between $500,000 and $1 million in Disney options, buying 100 calls at a $100 strike that expire in January 2022. 

He also "paid $500,001 to $1 million for 20,000 shares of global investment firm AllianceBernstein," putting his average price around $33.37.

Obviously, the call option purchases are worth noting - not only because they are leveraged investments and are far more risky than buying outright stock - but because the Speaker now clearly has a vested interest in the success of names like Tesla, whose trajectories as public companies can be altered drastically by government decisions. 

Paul Pelosi and Speaker Pelosi’s office didn’t respond to requests for comment, Barron's said. Can't say we're surprised.

 

https://www.zerohedge.com/markets/nancy-and-paul-pelosi-bought-more-1-million-tesla-disney-and-apple...

13 Replies
rawhide
Advisor

Re: Nancy Pelsoi is the big hog at the trough

Nothing to see here....Move along.   

Edmund55
Senior Contributor

Re: BruceQ on Richard Burr

3/19/2020 bruce Q on Richard Burr:

"Should be arrested, locked up and denied bail. Immediately." 

Edmund55
Senior Contributor

Re: And NQX on Richard Burr

NQX on Burr: 5/14/20:

I believe the appropriate action would be for the Senate to investigate and go through the appropriate procedure to censure, expel or exonerate.

Although the microscopic cojones of Mitch and his caucus probably preclude that. Someone probably deemed it better PR to make it a criminal matter- or more likely create the perception of that- than for them to have to discipline one of their own.

Edmund55
Senior Contributor

Re: And now bruceQ on Loeffler & Perdue

11/14/20 bruceQ on loeffler & perdue:   Perdue and Loeffler

There are laws.  Statures.  Ordinances. What ever you want to call them that make insider trading illegal. And assign authority to deal with it.

 

bruce MN
Advisor

Just guessing here....you can straighten me our

A guy who is in the financial business and already a multi-millionaire makes some trades and his wife, who is required by the terms of her position as an elected public official is required to disclose them, which she does. 

Googled the snot out of this and only shows up in articles that all say the same thing....that it might affect how she votes on legislation that doesn’t exist, but might some day. Nothing near to the point where there might be “insider” dope. 

The Burr and stuff is watermelons to these raisins.

But enjoy. 

bruce MN
Advisor

Re: Nancy Pelsoi is the big hog at the trough

Enough a joke that it couldn’t find it’s way onto the RCP digest site, and they never miss a shot at the D leadership.

Edmund55
Senior Contributor

Re: Just guessing here....you can straighten me our

(The Burr and stuff is watermelons to these raisins aka as it's bad the republican burr does it but no big deal if hypocrat paddle-pops does it)

There are white lies and red lies aka little raisin lies and big watermelon lies and hypocrites too - here's your watermelon hypocrat bruceQ.

r3020
Senior Advisor

Re: Just guessing here....you can straighten me our

This is how the rich take care of the rich. The richest people on earth looking out for the richest people on earth. Who cares if the single mom can't afford both food or rent. Certainly not any elected dem. They just line their pockets at the expense of the poor. Socialism at work.

bruce MN
Advisor

Re: Just guessing here....you can straighten me our

You should write for one of those B level CW Network sitcoms.