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The Ace Of Base

Steven Place  |  September 20, 2022

One of the earliest lessons you can develop as an investor… is not to try to catch a falling knife.

It is infinitely easier to get in after a new base has developed.

Let’s take a peek at an example with PRPL:

PRPL Chart
PRPL Chart

After their earnings even in May, we saw several insiders reach into their pockets to pick up shares.

It was a combination of “cluster buys” (from 3 of the insiders) and a first time buyer.

It ended up doing what a lot of the ecom names did… flopping around on the floor like a bass out of water…

It turned out to NOT be a good play at that point.

But now we’ve got a whole new flurry of fresh action on the name…

There was a takeover bid by Coliseum Capital, who has been buying shares for the entire year, working up to an $80 million position.

With just 81.5 million shares outstanding… we could easily be looking at a squeeze.

If the board knows how to take advantage of this situation, it could provide plenty of momentum to get the share price off the floor.

This is just one of the many plays that we’re able to find for members of our premiere Insider’s Exposed service.

We’ll find the “creme de la creme” of plays where we see sneaky insiders getting high on their own supply…

And we’ll zip it off to you as an alert so you too can bag massive gains in literally any market climate.

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Author:

Steven Place
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