Pelosi's Husband Bought Amazon Stock Before Pentagon JEDI Shakeup Sent Shares Soaring House Speaker Nancy Pelosi (D-CA) disclosed from her ivory tower late last week that her investor husband, Paul Pelosi, made several now-profitable trades in various securities. For starters, Pelosi bought both Amazon on May 21 when it closed at $3,259.05. Fast forward six weeks and great news for Amazon after the Pentagon pulled the rug out from Microsoft's $10 billion JEDI cloud computing deal (opening the door for Bezos), and the trade is looking great. https://www.zerohedge.com/political...ock-pentagon-jedi-shakeup-sent-shares-soaring Ad: (40) Skip Ad Week ahead: Bezos steps down, 'Black Widow' steps up NOW PLAYING Why do we throw away unused goods? Famous CEOs and Their Successors (Video List) Amazon releasing child-friendly speakers in UK Blue Origin: The race for a ticket to space Tax & Antitrust Regime Change Amazon's future lies in web services under new CEO - expert Val Then there's Pelosi's 40% Nvidia score after a June 3rd, pre-split purchase. That's not all! Paul Pelosi on May 21 spent up to $250,000 on 50 Apple calls that have a strike price of $100 and that expire on June 17, 2022. He also bought 20 Amazon calls, costing up to $1 million, that have a strike price of $3,000 and that also expire on June 17, 2022. On June 18, Paul Pelosi, exercised his Alphabet call options giving him the right to buy 4,000 shares at a price of $1,200 apiece, or $4.8 million. The Alphabet call options were originally purchased on Feb. 27, 2020. The transactions were disclosed in a filing on Friday, July 2. -Fox Business According to Fox Business, "The speaker has no involvement or prior knowledge of these transactions," adding "The speaker does not own any stock." The Pelosis have at least one ardent defender in former Rep. Jill Long Thompson (D-IN), who insists that even though Paul is married to the House Speaker, it's unlikely that he would "have any information that someone else wouldn't," adding "Members of Congress make it clear what their positions are on these issues and the fact that they're working on a piece of legislation that would be public information." On June 11, the House Judiciary Committee advanced several bills with bipartisan support which would limit the powers of FAANG companies. The bills, which passed through committee by slim margins, have yet to be voted on by the House. This is not the first time that investments made by Paul Pelosi have been made in close proximity to happenings in Congress. Paul Pelosi in March exercised $1.95 million worth of Microsoft call options less than two weeks before the tech stalwart secured a $22 billion contract to supply U.S. Army combat troops with augmented reality headsets. In January, he purchased up to $1 million of Tesla calls before the Biden administration delivered its plans to provide incentives to promote the shift away from traditional automobiles and toward electric vehicles. -Fox Business Meanwhile, Congressional Democrats are going after Redditors who've banded together to squeeze meme stocks. 28,870129 NEVER MISS THE NEWS THAT MATTERS MOST ZEROHEDGE DIRECTLY TO YOUR INBOX Receive a daily recap featuring a curated list of must-read stories. HOT TAKES COURTESY OF THE MARKET EAR HONEY - I GOT YOU THOSE PUTS INSTEAD OF NEW HANDBAGS Source: Refinitiv On June 22, the day after LVMH put in that huge candle, we suggested EU luxury makers were getting ahead of themselves. In our note, "Honey - I got you a handbag...full of puts", we wrote; "Unique brands, outstanding business models with pricing power, growth and free cash flow generation. The sector has continued to be on fire, but can this sector be this awesome, benefiting from everything? LVMH put in a huge shooting star candle the other day. This one is to be observed closely as the psychology shifted with that candle. There are sellers up there is the message basically...Are you starting to get NASDAQ 2020 feelings when looking at the European luxury sector?" Since then the entire sector has corrected, and LVMH is down to trend channel lows, approaching the 50 day moving average. For now this is nothing more than a much needed "pause", so watch the 50 day moving closely... If you are going to use the put profits to buy more handbags we leave to you to decide... 15h ago at 2:54 NASDAQ REMAINS KING... Source: Refinitiv ...despite people trying to push the long reflation narrative over the past half year. NASDAQ vs Russell ratio is now back to early January levels. The pillar of this market remains tech, irrespective of what people say. The bigger problem for the crowd is the p/l pain from the crowded long reflation logic, and the fact most still "hate" tech. Explaining to the CIO why you are not long melt up tech but long reflation which isn't performing isn't an easy task, and it doesn't help you all your friends are running the same positions... 11h ago at 7:05 UPGRADE TO PREMIUM CONTACT INFORMATION+ SUGGESTED READING+ DISCRIMINATION NOTICE PRIVACY POLICY DISCLAIMER ADVERTISE WITH ZEROHEDGE COPYRIGHT ©2009-2021 ZEROHEDGE.COM/ABC MEDIA, LTD Paused by McAfee® Web Boost
Pelosi's husband makes another great trade(s). What'd he finally trade her baggy ass in on a newer hotter model? My girl's been driven hard over a lots ofspeed bumps for Lots of years. Nicks and dings everywhere. Seats are all potted out. Let's go have boat drinks, Nance. You got away with it. good on ya
"Insider Trading'... Don't you just love it how the political muckety-mucks get to do it as a perk while we dumb tax payers might go to prison for doing the same? And then.... the MSM RUBS OUR NOSES INTO IT!!
Looks like Gavin Newsome has been missing in action but now he has re-appeared along with Nancy Pelosi. Apparently, he was out with the people- socialist style. https://www.foxnews.com/politics/gov-gavin-newsom-nowhere-to-be-found-for-more-than-a-week Newsom disappears for more than a week, reportedly pops up at oil heiress's wedding Gov. Gavin Newsom, D-Calif., who has recently receded from public view to deal with unspecific family obligations, attended an oil heiress's wedding in San Francisco on Saturday that was officiated by House Speaker Nancy Pelosi. Newsom has not been seen in public since abruptly canceling his trip to the COP26 climate summit in Glasgow on Oct. 29 over "family obligations." But KABC reported that he attended a wedding of "long-time family friend and Getty oil heiress Ivy Love Getty." The report said Pelosi officiated.
Pelosi's husband makes another great trade(s). Biden needs to fire Garland and make Pelosi's hubby Attorney General.