joey: The most successful inside traders are in DC

joey: The most successful inside traders are in DC.  Historically, Congress had exempted themselves from all inside trading rules and penalties that applied to trading public securities based on nonpublic information. Then, in 2012,  came disclosure of big profits made by a number of members of Congress trading stocks or funds evidently on the basis of nonpublic information --  these were companies or industries that were directly or indirectly affected by legislation up for their consideration (in more ways than one). One example, members of Congress rushed to call brokers to buy insurance stocks after it was clear Dems would have enough votes to pass O'care (no Repub voted for O'care).  In Aprl 4, 2012, Congress passed the STOCK Act which put a big crimp in their trading stocks based on nonpublic information. A year later (April 13, 2013), with most members of Congress away, a bill that repealed key parts of the STOCK Act was passed by a voice vote in nearly empty chambers and privately signed by Mr. O.

So, I figure that Reid is signaling to his colleagues that they ought to be getting down on mmj stocks now. Maybe that's one reason why Mentor soared today. How about they buy SKTO?