Word on the street says that is just incomplete clickbait. If you have no clue how to read the data and underlying stock charts, just skip past clickbait stories on the subject. Really not rocket science, though.
Take General Dynamics. Most of the purchases shown in the screenshot in the tweet are from back in 2022. https://twitter.com/unusual_whales/status/1711156014752604647/photo/4 Of the 3 that are this year, one was in May by Richard Larsen, the other two were by Lois Frankel in June. Look at the stock chart: https://finance.yahoo.com/quote/GD (you'll have do your own clicking to switch to the 1yr view). Wow, they (or the advisors choosing stocks for them) bought after the price had dropped significantly from a peak in late November 2022. That's called common sense investing. Buy low, sell high (and don't try to catch the absolute high or absolute low, because you'll probably get it wrong).
Also, if you're not looking at their entire portfolios, you have no idea if these purchases are a large or small part of their overall holdings. The screenshots also show only purchases. You would need to look at their sales of the same stocks to see if there's real evidence of purchases and sales being made with inside information.
Gonna need some sauce on this.
Word on the street says that is just incomplete clickbait. If you have no clue how to read the data and underlying stock charts, just skip past clickbait stories on the subject. Really not rocket science, though.
Take General Dynamics. Most of the purchases shown in the screenshot in the tweet are from back in 2022. https://twitter.com/unusual_whales/status/1711156014752604647/photo/4 Of the 3 that are this year, one was in May by Richard Larsen, the other two were by Lois Frankel in June. Look at the stock chart: https://finance.yahoo.com/quote/GD (you'll have do your own clicking to switch to the 1yr view). Wow, they (or the advisors choosing stocks for them) bought after the price had dropped significantly from a peak in late November 2022. That's called common sense investing. Buy low, sell high (and don't try to catch the absolute high or absolute low, because you'll probably get it wrong).
Also, if you're not looking at their entire portfolios, you have no idea if these purchases are a large or small part of their overall holdings. The screenshots also show only purchases. You would need to look at their sales of the same stocks to see if there's real evidence of purchases and sales being made with inside information.
H/T u/deplora
Shit I shoulda been buying war stocks based on what Q told us.
Precipice.
No worries, I'd rather GME (DRSd of course) be my savings account.
Lol, no way, it's blood money... Stick with your wholesome GME (& add some DWAC :))
My feelings too. Like buying Blackrock or Vanguard.
I agree but it sure feels like a similar situation.
From about 5 days ago, this was posted...
https://greatawakening.win/p/17rSZyWmdU/congress-buys-up-war-stocks-ahea/c/
"We're not saying it happened, we're just reporting it"