Jed Parsons
!JDA HAS MOVED!Brilliant. A bot that buys/sells stocks after Congresscritters buy/sell stocks. It is up 20% during a period the market was flat.
https://www.threads.net/@quiverquantitative/post/CzcB-Gsgqow
via @pluralistic
Oggie@jda @pluralistic
I saw the twitter thread on this earlier, apparently the only reason it's just 20% is because it was strictly going by public disclosure things, which 'must be done within 30 days', and with a paltry fine for them failing to meet that.
So the real numbers if it could just match them would be hugely larger.
It's really something else.
@Oggie @pluralistic ha, that's funny because the first thing I thought reading that was "Only 20%????"
Tinker ☀️@jda @pluralistic - We need an EFT that matches the congress buys/sells. That would break everything.
Leszek Ciesielski@tinker @jda @pluralistic Those do exist, but only since this year. I'd wait quite a bit longer before treating them seriously.
derptron@jda @pluralistic So where's the source code so we can all use it?
Tom Forsyth"Members of Congress are given 45 days to disclose transactions, but the penalty for late disclosures is a mere $200."
Yay democracy!
MarjorieR@TomF @jda @pluralistic couldn't we make it $200/day late per $1 transferred? That would sharpen them up.
EtherAndRhum@marjolica @TomF @jda @pluralistic what she said right here.
And late fees. And an extra fine (x4?) if you “forgot”.
@EtherNRhum @marjolica @TomF @pluralistic or even better IMHO - ban stock trades completely for congresscritters
Cassandrich@jda @EtherNRhum @marjolica @TomF @pluralistic All gains from them belong to the Treasury but losses to the Congressperson. 😈
Tom Ellis@jda @pluralistic and there was I thinking... "Oh I wonder about the UK". MPs only need to declare if over £70k in one company. Sounds very broken. https://www.theguardian.com/politics/2023/jul/09/revealed-shares-held-in-secret-by-scores-of-mps-raise-questions-about-vested-interests
Bob Gouzinis@jda @pluralistic By running this bot, aren't the original buyers guaranteed higher return on their investment though?
@gouz66 @pluralistic I doubt the numbers we are talking about are enough to move the needle, but I guess you never know