Trade Alert: Heavy Insider Selling Signals Trouble for This Auto Retailer

With savings rates near all-time highs and a glut of used cars due to the pandemic, the prospects for a used car dealer is negative. With an environment where consumers are keeping their wallets shut, struggles will continue in this sector. Jim and Scott target one leading retailer as the best way to profit as insiders start dumping stock at an all-time high level, bringing a loss of confidence and a downward trend for this company’s performance.

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Jim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, and Crash Speculator. He is an American lawyer, economist, and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM) by the U.S...

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