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Bed Bath and Beyond (BBBY) has become the crown jewel of the stock market this week…
…trading more volume than any other stock in the entire market, including the SPY!
And while you may have heard about the catalyst to its recent run-up, GME Chairman, Ryan Cohen picked up 9.4 million shares and 1.6 million call options, causing a massive short-squeeze and Supernova in the process…
…there’s one story that hasn’t been talked about much.
And that’s the story of Jake Freeman, a 20-year old college student at the University of Southern California, who accumulated a 6.2% stake in BBBY.
Using his TD Ameritrade and Interactive Brokers account he built a $27 million position in late July. He cashed out of his position on Tuesday for a reported profit of $110 million.
Yes! He did this all with a retail brokerage account.
And here’s how it played out for him.
Jake got the money from friends and family, who I’m sure are thrilled about his Supernova returns.
I love hearing stories like this because it just shows how much opportunity there is.
Its Supernova season…and meme stocks are hot right now.
It doesn’t matter how young or old you are, the current market offers opportunities for life-changing wealth.
And while the move in BBBY is probably over for now…
Another one is waiting around the corner.
The best place I’ve found to catch fast-moving stocks is the StocksToTrade breaking news platform. Not only do they deliver the news fast, but they outline the catalysts and give color. This allows me to make quick decisions without having to do my own news search. I trust them that much.
There are more Supernova’s like BBBY on the way…
Will you be ready for the next one?
I’ve helped over 20 of my students become self-made millionaire traders. If you’d like to discover the process that took them to the next level, click here to find out more.
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Image and article originally from www.timothysykes.com. Read the original article here.