I know there’s a lot not to like about BIG Wall Street players, but you’ve got to admire one thing about them…
They don’t chase trades.
FOMO is simply something they don’t get caught up in.
If anything, they create it!
And when they’re not creating it, they are fading it.
Friends, if what I am about to show you doesn’t convince you that you are NOTHING in this market without the right smart money tools, I don’t know what will.
Certain meme stocks have been on fire as the market has rebounded in recent weeks.
For instance, since the S&P 500 bottomed on 07/17, GME has risen as much as +52%...
AMC has jumped as much as +131%...
while BBBY has exploded as much as +386%…
All while the S&P 500 ETF (SPY) has gained only 19.3%.
But overnight on Wednesday, good ol’ BBBY, a major retailer whose days are numbered according to many experts, collapsed by as much as -22%.
Why did it drop so hard after such a strong rally?
Well, because it was revealed that GameStop Chairman, Ryan Cohen, filed to sell his entire stake in BBBY shares.
What’s my point?
You think BIG Wall Street fat cats didn’t know this was coming?
What I did was take the scanner all the way back to the date where BBBY made this year’s low on July 6th.
From there, I then looked at every day after the 07/06 bottom to see if there were any attempts by major institutional players to hide their orders in the Dark Pool.
Friends, anyone who knows me will tell you that I am a man of faith and that I don’t lie…it’s just not in my DNA.
With that in mind, what I found is that BIG Wall Street players were actively hiding their trades in BBBY on THE day the stock made its 07/06 low, then again on 07/21 when the stock was still bottoming, then nothing until this past Tuesday, THE DAY BEFORE THE BIG INSIDER SELLING NEWS.
You know, my dad always used to say, “luck is when preparation meets opportunity.”
And grandpa? Well, he was a bit more blunt and liked to quote John Wayne whose methods were a bit harsher.
Anyway, it all comes down to one question…
Do you really think you have an edge in this game when the biggest, most crooked Wall Street players know everything before you do?
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Let’s have a great weekend and until next time…
Image and article originally from ragingbull.com. Read the original article here.