Last week I talked quite a bit about Meme Stocks and how chasing after them should land you in a fluorescent-lit room confessing your gambling addiction.
One of the big movers in this category last week was Bed Bath and Beyond (BBBY).
It was all the rage in the news after the stock made a monster move upward from $5 to $30.
Well, the stock was hit hard during the regular trading hours trade, but it was absolutely murdered aftermarket.
The stock is trading at a $10 handle, when it hit $30 just two days ago.
WTF just happened?
It turns out Ryan Cohen dumped a big chunk of shares according to a recently released Form 4.
Now, he’s not exactly an “insider” in the proper sense of the word… but as the largest shareholder of Apple (AAPL) and a 10% stakeholder in Gamestop (GME)...
He’s definitely got enough juice to move the markets.
He dropped $100 million of liquidity thanks to the massive move upward that came from the pump.
He made out with a cool $50 million from just this single trade.
Not a bad paycheck if you ask me…
And we were able to sniff this out because of insider trading.
If you want a repeatable process to catch insiders red-handed funneling into their own stocks…
… and make an absolute mint in the process…
>>> Watch As I Show You How To Follow Insiders For Windfall Profits
Original Post Can be Found Here