Here we go again… another month, another hit piece on Nancy Pelosi, her family, and her trades.
The Department of Justice recently announced an antitrust lawsuit against Visa, causing the stock to careen lower from $288 to $268.
To me, this is a nothingburger. Visa’s lawyers will be compensated very well, they will reach a settlement, and the stock will move on.
But it turns out Nancy Pelosi’s husband Paul had a very well-timed trade before the news hit:
Here’s the deal: Politically, I’m not a fan of Nancy Pelosi.
But there’s this caricature of her put forth by the media that she’s some clueless, rich politician.
That couldn’t be further from the truth.
She’s been a House Speaker multiple times. She controls a sizable portion of the political economy in California.
She’s an operator. A stone-cold killer with a solid network of people around her.
I’ve gone through her stock trades, and nothing sticks out. They’re all bets that some high-beta stock is about to experience some momentum. It’s not like she’s buying some random biotech stock and seeing it run 1,000%.
Instead, she and her team are buying names like Google and SalesForce.
The dirty secret that nobody wants to admit is she’s got an informational edge that isn’t corrupt. They’re just better traders than most people.
Let’s look at Paul Pelosi’s sale in Visa:
It was a partial sale of their position, where he unloaded 2,000 shares on July 1.
Let’s mark that on the chart:
Do you see why I hate the media, including the financial journos?
The price Paul Pelosi sold Visa at was lower than the current price of the stock after the DOJ investigation announcement.
It’s all fake!
Personally, I think Congress should be able to trade stocks, but they need to follow the same rules as corporate insiders:
With that framework in place, we’d be able to follow along with Congressional insiders’ trades as well as corporate insiders’…
A strategy we’ve used for years to spot big moves like 687% on Heska Corp, 710% on Weight Watchers, and even 1,036% on Resolute Energy.
In fact, right now we’re monitoring three new opportunities showing major buying by corporate insiders – click here and I’ll give you more details including why the 10b5-1 is the linchpin to this system.
Original Post Can be Found Here