Move over, Carl Icahn, there’s a new sheriff in the activist investor community!
He’s younger, louder and has a lot more money…
You guessed it, Tesla’s CEO is at it again, making another splashy move in the markets after Elon Musk bought a stake in Twitter — my No. 1 accelerator stock for April 2022!
The world’s richest man revealed Monday that he had taken what he calls a “passive” position in Twitter Inc. (NYSE: TWTR) by purchasing 9.2% of its stock — becoming the company’s single-biggest shareholder overnight.
And that’s great news for members of the New Money Crew strategies and readers who attended last week’s free event, where I gave this moonshot pick…
Because before Musk bought Twitter, it was the No. 1 stock we mentioned nonstop heading into April…
The high-profile move sent TWTR screaming over 20% higher before Monday’s session even started!
Elon Musk Bought a Stake in Twitter, Sending My No. 1 Pick Soaring
Before Musk bought Twitter, he’s had his share of spats with the platform over censorship in the past…
This is an important distinction
— Elon Musk (@elonmusk) January 12, 2021
He had even announced he was looking into creating his own social media company…
But why build a network when you can buy one of the best and start out on top?
While I’ve been bearish on the overall market, that doesn’t apply to our good friend Twitter — my No. 1 stock for April that I revealed this past week.
Even before Monday’s big story, the stock had been a big winner in the mid-March rally, posting a 23% run up from March 14 through March 29.
Along the way, we saw several big trades hit the Blitz Tracker, including a $900,000 trade on the May $44 strike monthly call options…
Last week, our Weekly Blitz Alerts strategy closed the second leg of that trade for a solid 30% gain!*
Although I’d like to have still had that trade open this morning, we sold as the shares were topping out of the 23% run I just mentioned…
Even better, those weren’t the only calls hitting the tape. The tracker also spotted a huge buyer in the April 29 expiration, $43 strike call options on March 31.
Those calls traded for $1.33 at Friday’s close and hit as high as $9.48 on Monday — a 612% increase!**
Speculation is running wild that this could be the first move of an eventual takeover bid from Musk.
Only time will tell if there’s any truth to that, but it’s definitely a bold play and a big mover for Twitter!
Check out the video below and let’s talk about this crazy story about how Musk bought a stake in Twitter, my No. 1 stock pick for April!
P.S. Between the Russia-Ukraine war, rising interest rates, rampant inflation and skyrocketing gas prices…
We’ve seen the stock market whipsaw accounts day in and day out for months.
And there’s been no directional bias of late on Wall Street.
Sadly, we’re sure a lot of people have seen their gains from the past two years ripped away in a matter of weeks.
That’s why former hedge fund manager Jeff Zananiri is revealing his “Heaters” strategy to the public…
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.
**Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.