Hey Trader,
I often talk about how I'm not one for fancy things, even if I have the means to afford those things.
Ok, the occasional beachfront cottage is lovely.
But other than that, I don't go flaunting wealth. I don't like to.
In fact, I prefer to stay small and local with my money.
I love supporting hardworking, deserving entrepreneurs in my community because these are the people I see every day. These are my neighbors.
Now, maybe you don't have as strong an opinion on this matter as I do. But you really should spend your money locally — especially now.
And I'll tell you a little story to show you why…
| | | | High-Conviction Inside Buying On This Penny Stock Traders generally fall into one of two camps when it comes to penny stocks.
They either love 'em or they hate 'em.
While penny stocks are cheap and therefore easy to get into, the downside is that there just isn't a lot of information readily available about the companies to base investments on.
The only way to really know what's going on at these under-the-radar operations is to know someone on the inside…
Or to follow those insiders' trades.
That's exactly what Ross Givens is doing on his latest pick — a small staffing firm that just completed a secondary stock offering.
What's interesting is that not only did all of the shares sell, but the underwriter exercised in full its over-allotment option to purchase an additional 12.5 million shares.
In other words, they like the stock and want as much of it as they can get.
The only downside is that secondary offerings dilute current shareholders — since more shares now exist, each one represents a smaller equity stake.
So it's natural for the stock price to drop when the offering is complete.
And that's precisely what happened here. | | | | However, this extreme drop seems like an overreaction…
And several of the company's insiders agree:
| | | | Three insider buys, all in the same day… totalling over $267,000 in personal investments.
What's more is that all three of these execs are first time buyers, which makes their conviction that much stronger.
At roughly $0.63 a share, it won't take a huge move to generate a nice percentage return.
Of course, the opposite is also true, and just like with any trade, there is some risk involved here.
But Ross believes the risk is worth the potential reward…
So if you'd like to learn more about his unique method for tracking down these under-the-radar insider buys AND discover how you can access this and all his other insider trade opportunities, just click here to view a free on-demand training session! | | | | To big profits and beyond, | | | | Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits
Hawkeye Traders
team1@hawkeyetraders.com
hawkeyetraders.com
Call us: (888) 233-8598
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