Editor’s Note: Get in now or forever hold your peace.
Today at 2 p.m. ET, legendary investor JC Parets is detailing the next big Pivot Point set to take place the next day (October 9th).
He’ll show you how he’s targeting gains as high as 2,000% – within weeks! JC has famously called every major crash and market bottom over the past 15 years.
So when he makes predictions like this, he’s usually right. But today is your last chance to get in before the October 9th Pivot Point.
Click here to join the Emergency Zero Hour Briefing today @ 2 p.m. ET
– Ryan Fitzwater, Publisher
When it comes to finding plays for short-term repeat winners, gift gaps are always on my radar.
Take CarMax (KMX) for example.
If you look at its chart below, you’ll see the stock has been gapping down.
This 20% drop came last week after the used-car retailer shocked investors, reporting weaker-than-expected quarterly earnings.
While most amateur traders would avoid KMX here, I’m seeing the buy opportunity.
You see… Wall Street often overreacts, and this KMX plummet is a textbook example of a Gift Gap.
Insiders also think so and are also buying up the stock.
If you take a look below, Mark F. Oneil, the director of KMX, recently bought 10,816 shares of the company on Oct. 2 for an estimated $499,807.
As my colleague Karim has said before, insiders only buy a stock for one reason — they think the price is going to go up.
Plus, based on 10 years of backtested data, my gift gap strategy has shown a staggering 97.11% win rate when targeting a 25% gap fill.
Action Plan: With a gift gap and insider buying, KMX is a top watchlist stock for a trade this week in The War Room.
P.S. Today is your last chance to see how my colleague Karim vets market opportunities live during our Emergency Zero Hour Briefing.
It starts today at 2 p.m.