https://slaynews.com/news/pelo...ign=daily-newsletter

Rep. Nancy Pelosi (D-CA) and her husband Paul have apparently channeled their unprecedented “good luck” and somehow managed to accurately “predict” that Visa’s share prices would plummet.

Over the years, Pelosi and her husband have made millions off of the stock market.

Paul Pelosi is so successful as a market trader that his apparent crystal ball-like ability to predict the markets far outpaces even Wall Street’s finest.

Of course, being “lucky” while trading the markets is not a crime.

However, Pelosi’s unusually high success rate has led to insider trading claims.

The Pelosis have, yet again, just benefitted from another incredibly “lucky” stock market decision just before a massive lawsuit dropped from the Biden-Harris administration’s Department of Justice (DOJ).

Paul Pelosi’s purey “coincidental” decision to sell $500,000 in Visa stock right before the DOJ announced the lawsuit was the kind of move that Wall St traders could only dream of.

On Tuesday, the DOJ filed an antitrust lawsuit against Visa.

Federal prosecutors are accusing the credit card giant of using its massive financial advantage to monopolize the market.

Visa’s stock plummeted by 5.5% based on the lawsuit.

However, the Pelosis very fortuitously sold more than half a million dollars worth of the stock just weeks before the legal action was revealed.

An account run by entrepreneur Christopher Josephs tracks and reports stock trades from the Pelosis.

Josephs noted the sale of the stock on July 3.

The DOJ didn’t reveal how long the department had been preparing the lawsuit.

Pelosi argues that she is not involved in insider trading because it is her husband who makes the trades.

According to corporate media “fact-checkers,” Pelosi cannot be accused of insider trading because she doesn’t discuss the trades with her husband in private.

Of course, if the word of a “fact-checker” – a failed journalist who can’t get work as a real reporter – is to be trusted, Nancy Pelosi would never have a private conversation with her husband about a lawsuit that could cost their family tens of thousands of dollars.

A comment from a spokesperson for Nancy Pelosi didn’t appear to directly address the accusation, either.

The statement to the New York Post read:

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”

A former securities attorney told the Post that the trades didn’t necessarily point to insider trading.

“Before public opinion judges Pelosi unfairly, it is important to determine who engaged in the transaction on her behalf as well as whether it was part of a broader change of her portfolio,” said Ron Geffner.

The Pelosis have an estimated net worth of more than $230 million.

As Speaker of the House, Nancy Pelosi earned $223,500 annually and now earns $174,000 a year as a member of Congress.

More at link

ABC, CBS, NBC, and CNN are sure to make this a topic in their news segments.

That’s why single stocks should be illegal for anyone in politics. Go ahead with mutual funds or index funds but otherwise sorry you’ve proven to be too corrupt.

quote:

ABC, CBS, NBC, and CNN are sure to make this a topic in their news segments.

Must have been the IPO shares they were so lucky to participate in before it opened on the secondary market.

What. No shorts?

Guys, as much as you want to think their up to some shady shit, you have to compare your networth to theirs. So if you have a $2.3m net worth this is equivalent to a $5,000 trade.

Second the high for the year was $293.07, it closed 9/17 at $292 per share. This would be a perfectly normal trade based on technical analysis and possibly fundamentals as well. When one sees a run-up like the stock experienced in Aug-Sept, a lot of prudent investors would lock in those returns depending on the buy/sell dates for the year (or possibly years) they made 25%. I would have taken my earnings as well.

Based on the information in this article and looking at the last year's stock price, I wouldn't categorize this as lucky or any kind of windfall. Beyond that is nearly impossible to prove.

Thanks, now I upset I had to defend them.

Sad to say but someone we don't like makes a killing in the market. Warren Buffet living in downhome Nebraska does even better.

quote:

Originally posted by Skins2881:
Guys, as much as you want to think their up to some shady shit, you have to compare your networth to theirs. So if you have a $2.3m net worth this is equivalent to a $5,000 trade.

Second the high for the year was $293.07, it closed 9/17 at $292 per share. This would be a perfectly normal trade based on technical analysis and possibly fundamentals as well. When one sees a run-up like the stock experienced in Aug-Sept, a lot of prudent investors would lock in those returns depending on the buy/sell dates for the year (or possibly years) they made 25%. I would have taken my earnings as well.

Based on the information in this article and looking at the last year's stock price, I wouldn't categorize this as lucky or any kind of windfall. Beyond that is nearly impossible to prove.

Thanks, now I upset I had to defend them.

I'm sure not out to defend them, but that sale was less than .2% of their net worth.

quote:

Second the high for the year was $293.07, it closed 9/17 at $292 per share.

The trade was made on either July 1 (Per Fox Business) or July 3 (per the OP source).

VISA closed at $263.24 on July 1, when the trade was made, about $30 off the high for the year. His July sale grossed at $526,480.

Fox Business says "In response to previous inquiries regarding Mr. Pelosi's trades, a spokesperson for the former speaker issued a statement saying, "Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions."" Well, assuming California is their state of residence, it is a community property state, so it is also Pelosi's stock.

And she's NOT the Speaker (of the House).

Fox Business

quote:

Originally posted by 6guns:


I'm sure not out to defend them, but that sale was less than .2% of their net worth.

The rich never like to lose money, and they do understand that $500k is real money. While technical analysis may have led Paul Pelosi to an independent and coincidental decision to sell, I would never assume a wealthy person didn't care about losing money! These people shave fractions of a percent on deals, and account down to the penny.

quote:

Originally posted by Skins2881:
Guys, as much as you want to think their up to some shady shit, you have to compare your networth to theirs. So if you have a $2.3m net worth this is equivalent to a $5,000 trade.

Second the high for the year was $293.07, it closed 9/17 at $292 per share. This would be a perfectly normal trade based on technical analysis and possibly fundamentals as well. When one sees a run-up like the stock experienced in Aug-Sept, a lot of prudent investors would lock in those returns depending on the buy/sell dates for the year (or possibly years) they made 25%. I would have taken my earnings as well.

Based on the information in this article and looking at the last year's stock price, I wouldn't categorize this as lucky or any kind of windfall. Beyond that is nearly impossible to prove.

Thanks, now I upset I had to defend them.

If it was a one time deal or something I’m right there with you but it’s not. He has a track record that’s so outrageously good that paid professionals that do it for a living can’t match him.

There’s even a guy that started an app that tracks everything Pelosi buys so you can buy it and he’s doing phenomenally.

Look at what their net worth was before she was a Senator and what it is now.

Not difficult to figure it out.

I bet this isn't the first time a stock purchase trade or sell happened based on an event they were aware of in advance.

Considering that its common knowledge that Pelosi has used her position to enrich herself, not surprised