Every idea that we put on at All Star Charts starts with a technical setup that we like. We are students of price action and that supercedes everything.

It’s nice when our technical analysis lines up with “other” factors that may support our idea, be they fundamental, news, or in this case, insiders and activist activity.

Here’s what our team noticed in an email to ASC subscribers earlier this week:

The most significant insider transaction on today’s list is a Form 4 filing for Pinterest $PINS.

We wrote about PINS on July 15, when Elliott Management announced a large activist stake.

Now that the second quarter blackout period is behind Pinterest, CEO William J. Ready is also buying shares. He just reported a rather sizable $5 million purchase.

We can’t think of many things more bullish than the CEO getting involved following the insider activity from Elliott last week.

CEOs and Activists buying big positions? That has our attention.

Here’s a chart of the setup as we see it: [Read more…]

If tech stocks are signaling that a bottom is in, we’re of the mind that we’ll find some significant beta in a badly beaten household name: The recently renamed Meta $META (otherwise known as Facebook…).

Chatting with JC this morning, he was drawing a comparison of META to what Gold Miners $GDX did in 2016:

Tune into our twitter livestream today at around 2:30pm ET to hear JC’s thoughts on this comparison.

If we think a similar scenario has a chance of unfolding for $META. then we’ve got a crafty play in mind to participate.

[Read more…]

The latest Quarterly Playbook is out, which has given us a bunch of ideas to begin exploring.

One idea stood out for me in particular because of a recent pullback offering a good entry point. It’s in a bellwether dividend-paying stock that we wouldn’t mind owning for the long term, but we’re going to take advantage of elevated options premiums to leverage into a high-probability bet for some opportunistic income. [Read more…]