Following Nancy Into a Trade

$TEM

Filing from yesterday highlights the well-followed trading activity of Nancy Pelosi.

An interesting one with an intriguing chart is TEM 0.00%↑.

It’s up 35%+ as of this writing, presumably in light of yesterday’s filing. I’ve plotted the AVWAP from IPO, which has crossed in today’s trading session. I love following relatively newer IPO’s (this one is from 2024) that get sold off below AVWAP from IPO date. The moves through that level cannot only be powerful, but sustainable. I’m nibbling here in spite of today’s massive move, but am hoping to build a better position if there’s a pullback and hold closer to that AVWAP line. A breakdown below that level would nullify the idea.