A Great Example of How Insider Buying Can Lead To Big Time Potential Profits

Ronald Perelman is the majority owner of Scientific Games Corporation (SGMS), and a billionaire with a long history in the financial sector. In September, he reported two large open market purchases, and if you were lucky enough to find out about this trading activity, it would have helped justify your decision to follow his lead and invest in his company, potentially making you a lot of money

But how does one find out about these opportunities? Well, that is a very good question. With 3,091 total listings on the Nasdaq and 2400 on the NYSE, discovering these transactions ahead of time can be like finding a needle in a haystack. The solution: follow the smart money.

In this particular case, David Einhorn reported taking a new position in the company in the 2nd quarter of 2019, so what you could have done was set an email alert on secinfo.com, and this would’ve kept you up to date on the all the latest company developments.

What you want to look for is open market purchases. Option grants are not nearly as telling because a lot of the time it’s just company executives takings profits

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