About a month or so ago, we discussed a company that was left for dead by institutions.
It had back-to-back nasty earnings reports, and institutions kept dumping it all through March.
But during the bloodletting, we started to see some insiders pick up shares for the first time in years.
First, there were 1 or 2 in December 2021…
But in early February 2022, several insiders scooped up tons of shares at the same time — this is called a “cluster buy”.
And in that cluster buy was the CEO of the company with a buy of almost $1 million.
That's the kind of turnaround we are looking for here.
Now, the stock hasn’t made a MAJOR move since then…
But one thing to remember is that when a stock’s in a nasty bear market, it makes sense to take quick profits into bounces.
On this name, we were able to pull out a quick 12% stock gain — and 39% on the options — in 2.5ish months.
This name will most likely start basing out for a while, and then it can start making its move to fill the most recent earnings gap.
If it does, it could end up 55% higher than its current price.
Another thing to note is insiders must hold their positions for 6 months or forfeit every penny of profits. SEC’s rules.
So they make their purchase decisions based on a timeline of at least 6 months.
That’s why we only bailed on half our stock and options positions.
We’ve still got a few months left for this to play out…
Meaning you have time to jump on this name today and set yourself up for profits if it runs.
If that sounds like a great opportunity to you:
Watch my free presentation on legal insider trading.
Toward the end, I’ll show you how to join Insiders Exposed and grab this name and all our other picks today.
So make sure you give that presentation a watch now.
Original Post Can be Found Here