Lance here! I heard through the grapevine that a world-famous trader is going to be is spilling a secret.
I wasn't sure what to think... but the fact that I'm writing to you about it means it's a BIG DEAL!
You see, I just found out that this legend is going to be sharing the same strategy that Warren Buffett uses to generate regular income.
That's right! This strategy is so powerful that a world famous BILLIONAIRE is using it.
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One week ago, the hottest and most anticipated initial public offering of 2020 — the Snowflake IPO — hit Wall Street like a wrecking ball.
Traders and investors alike were hungry to get in on the Snowflake IPO. It’s the only data warehouse that is built for the cloud. Shares of Snowflake Inc. (NYSE: SNOW) skyrocketed as high as 165% after going public September 16.
Snowflake set its IPO price at $120 a share. But because of high demand, the price jumped to over $300 a share its first day on the market — a 150% gain (though things slowed slightly by the closing bell, with gains at 112%).
Snowflake made history on its first day of trading. It was the biggest software IPO ever, more than doubling its value on opening day. By the time closing rolled around, the company was valued at $75 billion.
With the company selling 28 million shares and raising almost $3.4 billion, the Snowflake IPO was the biggest offering in 2020.
Looking at how crazy Wall Street seems to be for this cloud-based company, it sounds like every trader would want to invest their money into it.
Well, you’d be wrong.
I get it, OK. I understand why the Snowflake IPO has gotten even the most seasoned investors riled up. Hell, earlier this month, the Warren Buffett said he was planning on investing more than $550 million in the company on its debut day.
Of course, Berkshire Hathaway Inc. (NYSE: BRK.A; NYSE: BRK.B) got in at far less than what average investors paid…
I also understand the appeal of a cloud-based company and its limitless data approach.
HOWEVER, I have a couple of issues I’d like to air out, and I think you need to hear them.
Listen to this: The average price the institutional investor got into Snowflake as low as $5. On the very first day the stock was available to normal investors, the price was around the $240 range and traded up to over $300 per share.
That means those big players are getting in at $5 a share, and potentially selling to you at $240 or $300 a share.
Doesn’t sound too fair, does it? Did you get in on the Snowflake IPO?
Watch the video below for another issue I have with Snowflake, and share your thoughts on it in the comments below.
P.S. Hundreds of traders and investors just learned a secret that could win them up to 97% of their trades…
Their teacher? He has been crowned the best trader in the world 10 times over, and even made over $1 million off the last flash crash!
It only took him two years to turn his small $4,600 account into $460,000!
Now he’s passing his knowledge down to the next generation of traders. In fact, his Trophy Trades system could give you the potential to win 97 out of every 100 trades…
…just like it has for the past 20 years in a row!