Ultimate Insider’s Club
by burnerjack | March 27, 2012 9:03 pm
Nancy Pelosi invested between $50=100K in Clean Energy Fuels.
Stock has almost doubled since 12/11. Is there a way to track the investments of Congress, the ultimate insider’s club? After all, who knows better at what the future will bring than those who legislate it?!
Source URL: https://www.stockgumshoe.com/2012/03/microblog-ultimate-insiders-club/
Currently BurnerJack, congress reports one a year which can be as late as twenty months after the trade. I think that you might want to follow your insiders a little more closely. The unsigned Stock act will require prompter disclosure. But the House of Representatives has stretched that out to 45 days after the fact. And they can still take another thirty days to but it up online according to the act.
That being said, with insider being such a hot buzzword. You can expect new products to come on the market to take advantage of the uninformed. A quick search will show you what was last reported in congressional portfolios. Most look like big Dow stocks like the Generals and MacDonald’s.
The thing that you will have to discern on your own. A lot of newsletter writers will interpret the same information in different ways in order to sell you the same old stuff in a brand new bottle. How long do you intend to hold on to your positions. Insiders only buy for one reason but they have all the reasons people need cash to sell.