News for hackers. Stuff that matters.

A comment on House Democrats to propose ban on lawmaker stock trading – report. Parent comment

Re:House Democrats to propose ban on lawmaker stock trading ... by ckardat123 on Thursday July 28, 2022 @12:36PM (#32266683)
The comment above is plainly false though.

Pelosi's sale of Nvidia was timed incredibly poorly, if the goal was to avoid short-term price movement around the CHIPS Act news. $NVDA is up about 8% in the two days since the sale.

[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by encryptluks2 on Thursday July 28, 2022 @12:52PM (#32266946)
Up 8% now, down 15-20+% in the near future. Hm... would you rather sale now if you have a heads up that the CHIPS act is going to stall and affect the price, which is correlated to others in the industry, or wait until is down more?
[ Parent | on HN ]