One of my strengths in markets is being pretty open-minded.
I like to think I am pretty logical, and with the network of traders and investors I’ve built over the years both in person and online, I can reach out to the right person to bounce ideas off.
Today, a headline came out on $CHR: two preliminary non-binding proposals to buy out the company for just over 50 cents per share. The stock hit $0.30 early in premarket before settling in around $0.18 to $0.20.
After reading the news and seeing the pullback to $0.18, it looked like a reasonable long idea, risking about 4 cents for the potential upside of another 34 cents. But the question was, why wasn’t it trading closer to the buyout price?
That’s when I reached out to Jason, co-founder of AskEdgar.
AskEdgar is an AI-native research platform that uncovers opportunities, analyzes filings, and tracks dilution in one seamless experience. You get all of this for just $44.25 with the code SAVEONTRADING.
Even better, you get access to their Discord, where traders discuss small caps, dilution risk, offerings, and SEC filings in real time. (959 members are in the discord)
So I jumped in and asked Jason directly: “Is $CHR a long? Why do you think it’s a short?”
His answer gave me the context I needed to pass on the trade. Minutes later, the stock dropped from $0.18 to $0.08 after announcing a $15 million direct offering.
Had I not been in the AskEdgar Discord, I would’ve lost a few thousand dollars at the very least in just a couple of minutes.
So consider taking the 7-day free trial, get inside their Discord, and gain access to the AskEdgar platform. That $44.25 a month could easily save or make you thousands, just like it did for me today.