Forbes gave me two BIG reasons to stay away from Palantir when the stock IPOâd in September 2020⦠[Daily Profit]( 105% Betting Against Forbes [By Mike Burnick] By Mike Burnick
Friday, September 3, 2021 Forbes gave me two BIG reasons to stay away from Palantir when the stock IPOâd in September 2020⦠- They called it a cash furnace.
- They said it had an âinvestor-unfriendly Governance structure.â But I only needed TWO big reason to buy the stock. REASON #1: Less than a month after its IPO in October I started noticing ENORMOUS block-buying activity go on. My proprietary algorithm Blockb0t Algo-X [(go here to see a free demo)]( noticed that large institutions were negotiating behind-the-scenes trades, buying up shares of Palantir (PLTR) at market price. In fact, somebody was having a field-day buying up $2 million chunks of the company throughout the entire month of October⦠Here you can see all the big purchases. In total, some big investor spent about $19 MILLION to build a position. [Want to see what stock the big insiders are buying next? GO HERE to access a FREE demo.]( I decided to buy some Call Options on PLTR on October 16th, 2020. REASON #2: My software sent an âX-Signalâ â this is when the buying pressure officially overtakes the selling pressure, creating an âXâ pattern. Hereâs what it looked like⦠Seven months later, I saw BIG levels of block selling come through. And my [âX-Signalâ showed]( that selling pressure had now over-taken buying pressure. You can see that right here⦠I booked a profit of 105.1% on May 21st, 2021. Hereâs what it looked like on the chart⦠The big Wall Street institutions are playing a game that you and I canât. Theyâve got millions (and in some cases even BILLIONS) of dollars to work with. They can legally negotiate private block buying deals that are disguised from the market (until AFTER theyâre finished). Theyâve got access to information and technology you and I donât. But thatâs okay â as long as we can âpiggy backâ off their trading activity and recognize when theyâre moving aggressively on certain stocks. And thatâs what BlockBot Algo-X allows you to do. It spends all its time scanning the markets to find the most unusual block trading activity by big insider institutions. Which allows us to get in on stocks often BEFORE big moves happen! Right now, Iâm hosting a [limited-time free demonstration](. And this means YOU can see how this works today. [Simply click here to see this in action.]( See you there! Good Investing,
[Mike Burnick]
Mike Burnick
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