Make 39% in Less Than an Hour
Telltale signs of an impending stock drop can mean fast profits.
Want to make 39% in less than an hour?
It just happened in The War Room beta…
Last week, point-of-sale innovator Square (NYSE: SQ) reported third quarter sales and earnings that exceeded expectations. But the stock still dropped on concerns about margins.
In our experience, when a high-flying stock starts to experience margin worries, the issue tends to linger in investors’ minds. And that ultimately causes the bulls to temporarily back away.
So, first thing this morning in The War Room, we said this…
“From a chart perspective, a retest of the $65 level could be on the horizon, so let’s get positioned for this now using the November puts that expire on the 23rd (D23).”
We bought Square November $73 puts for $3.70.
Then, over the next hour, Square started to fall – and fall hard. Here’s what the chart looked like…
That’s when this alert was issued: “Shares of Square are dropping hard – just as we figured – so let’s take the money and run!”
The end result: Square November $73 puts, entered for $3.70, exited for $5.15, 39.19% in less than an hour.
Do you want to trade these sort of insider moves in real time? If so, then you’re invited to join us when The War Room launches in April!