Pelosi Gets FANG’d

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Much has been made of the profits that members of Congress make from their inside information about equities. The jury is still out on this one, but here are a couple of interesting items from the Pelosi clan:

So did she nail it? Well, let’s check. Below is Amazon, with the appropriate buy point circled.

Ouch. The stock is down about 15%, so the options must have been obliterated. Well, how about Netflix?

Again, the timing couldn’t have been worse. It’s down about 30%. Did Nancy start using Elliott Wave or something?

Meh, with a net worth of about $30 million, I guess she can afford to be a horrible options trader.

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