iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,762 Blog Posts

IF YOU’RE SELLING SOMETHING, MIGHT AS WELL CONFIRM IT’S WORTH BUYING

$SNAP quiet period expired and like I’ve been saying…if you’re selling something, won’t you speak up and reiterate it’s worth buying?

MS – Overweight, $28 PT GS – Buy, $27 PT Citi – Buy, $27 PT RBC – Outperform, $31 PT Jefferies – Buy, $30 PT

In other news, OA Jr is all over the text today, telling me his whole account is green into an ugly market and can hardly bear it ($SHLD/$SNAP mostly).

I picked up $BOX calls…nothing else going on today.

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JUST GETTING WARMED UP

I’m swiftly losing interest on doing much to alter what was a fantastic week. I have a few things I might take here today, but I already have my sights set on the weekend.

Congrats to those who took a leap into the unknown to participate in a flawless sentiment observation these last several trading days. The best part, it’s just getting started.

If you have any vacation time or personal time accrued at your place of employment, use it next week and come trade with me.

It’s going to be epic.

Have a good weekend,

OA

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PRINCIPAL LARRY SHITS HIMSELF OVER OA JR’S PORTFOLIO, GIVES HIM PRAISE OVER SCHOOL LOUDSPEAKER

An update on the saga that is my son’s school Stock Market Challenge. Contest ends early next month.

Junior: Dad, my principal said my name over the loudspeaker today.

Dad: Busted in the girls locker room?

Junior: No, he said I am winning the stock market game for my entire grade. Not just my class, but for all of 7th grade.

Dad: That’s awesome brodie. Has your teacher said anything about your recent trades?

Junior: Last week he asked if it was a mistake that I put half my account into $SNAP. He said he heard it was a bad stock and was going to go down a lot. He was trying to talk me out of it.

Dad: Ha. Sounds like everyone on the internet last week. Has he said anything else since?

Junior: Today when he was looking at charts, I asked him to pull up $SNAP. When it came up, he started laughing in front of the class.

Dad: What was so funny?

Junior: He said “Jaxon put half his account in this stock on Friday at $19.10 and the stock has gone up 20%. He bought it right at the bottom! That’s just crazy!”

Dad: When it hits $30, tell him you want to teach the class for a day.

Junior: Nah, you can though. He wants to meet you.

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STAGE FOUR…..

As you know, I have a large stake in this spread out over a multitude of expiry’s.

The weekly calls that I purchased last week at an average of $.17, sold for $2.15 just moments ago.

That’s +1165% return.

What’s great is that so many got to walk this one with me. I made sure you had a chance.

Next week is going to be awesome.

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