That's the best part, the same rule that enables these insiders to trade their own stock. Requires them to report it within 48 hours.
They report it using a corporate filing.
These filings are public information and probably the most valuable piece of paper on wall street.
It's called a form 4 and they can be found on the SEC website in something called the Edgar database.
Let me show you what the form looks like...
That one is from Joshua Silverman. A quick glance shows us he is the CEO of Etsy.
We can also see he bought about 65,000 shares at 15.67 per share.
So he was buying at the market.
With his own money.
Now, Etsy recently hit $250 a share.
Remember… our insider bought 64,000 shares at around $15 bucks
Today they are worth nearly $250 each.
The more exciting news is that these forms are public information and you could have traded right alongside him.
And this happens all the time.
Just look at this tiny, micro-cap electric vehicle startup company called workhorse.
We saw two insiders buy the stock on the same day at just 95 cents a share.
Two months later... this happened…
The company announced it would be buying the Lords Town Motors facilities from GM.
The stock rallied nearly 500%!
But that is just the beginning.
They were also finalizing the details with a new investor to secure a $70 million influx of cash.
They quickly put that capital to work on an electric delivery van and the market ate up the headlines.
The insiders were up over 3,000% in just over a year and the stock just wouldn't quit.
It went up another 900% over the following 12 months.
All in all they made nearly 4,000%.
And you could have traded right along side them.
Even a $2,000 investment would turn into $80,000
How many of you would invest $2,000 to make $80,000?
Are you starting to see why I call this the most valuable piece of paper on wall street?
The bottom line here is you CAN ethically steal these Insiders Trades for massive gains.
It’s totally legal. In fact, we are getting our trade ideas from the SEC website.
And we have an advantage over the insiders because of the short swing rule.
This is how you take back the power.