Son: “Hey dad, my teacher called me up in front of the class. He said I am in first place today.”
Dad: “Congrats little bro. Did he ask you about your stocks, or why you picked them?”
Son: “He said that these stocks didn’t all match the rules we discussed but that I am still doing a good job.”
Dad: “Tell him his rules are gay.”
Dad: “Did he ask about your stocks at all?”
Son: “He asked me how I chose them.”
Dad: “Did you respond with what I told you to say?”
Son: “Yeah, I told him short sellers are retards, and one day when I become an activist investor, it will be to make money at the their expense.”
Son: “Proud of you son.”
His portfolio inculded: $SHLD, $TWTR, $DEPO, $CMCM, $MEET, $ADXS, $WTW, $LL, $PI and $TAHO.
Sounds like half of his class has managed to lose money in this tape, which I’d love to audit. However, $WTW and $LL have notched him to the head of the class, while the rest haven’t even started yet. If he doesn’t get to the Governor’s office on this contest, I’ve failed him as his father and as his financial advisor.
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This is awesome.
Dump twtr and he will be golden.
All he is missing is some $SGY
Stock split.
“Hello and welcome to the first After Hours with Option Addict Jr”
Can he sell his winners and move on to the next batch?
Yep, they allow them to trade, not just pick. Told him to sell $WTW at 19.50-$20.
Nicely done pops
GLD going up into the tape is interesting, especially with the rates issue in the background. Seems like there are some people who are not buying into this rally. Hedge funds doubling down, pissed that they didn’t invest in Oprah?
laugh the fuck out loud!
Nothing like getting the admiration of your own son. Keep it up
Awesome post
Your LVS call is looking damn good, OA.
I can barely contain my glee on a day like today. That’s usually a sign for me. Closed out BABA.
Isn’t this like the kids in Jack Nicklaus’s sons class competing for a golf trophy????
Yes, but my son couldn’t really explain to the teacher what I do other than “he sits around and buys stuff and sells stuff.”
Like a BOSS
My son tells me that I don’t have a real job.. which is probably true.
he should add in that you babysit a bunch of whiners…
That’s fuckin awesome!!! His teacher would start trading his picks if he was smart…
are we seeing the transition from value to growth stocks?
That happened last year. Growth led value to new highs first. Unless I misunderstood
Wynn or Once here anyone?
so fucking dope
What’s left?
love it. perfect sentiment indicator too. fuck that teacher’s “rules.”
OA, is this ure best start to a year? You’ve been on fire
Yeah, awesome start this year.
congrats. been amazing. keep it up!!
Did you ever get that Maserati or Tesla?
Nope, I passed. I no longer need a car to remind me I am a BAMF.
Freakin Wolf of Sesame Street !!! Love the OA. Taught me so much
TGT here anyone?
Bought CLR
like $PI calls here? the chart has the look – illiquid tho
(grabs popcorn)
Yes, tell me more about the impending market doom.
TELL ME MORE.
I liked this @msttrader tweet today:
“they want retail to pay retail. they already made their money and will use the retail capital to exit when they choose.”
Wtf. Gold closed on the highs?? Dam that thing
Classic narrative
Don’t Match Rules? We Don’t Need No Stinking Rules! We just need the OA. 🙂
OA – what’s your favorite Energy stocks right now?
haha this is so awesome, i agree, WE HAVE GOT to find out what the other kids portfolios are…. tell your son to have his friends share with him their portfolios and how they picked them
Well you know they probably bought at some weird spots but I also would love to see that audit and the sentiment implications.
Did you really tell him to say gay and retards to his teacher?
No, I used those words to mask the offensive words I said in their place.
Cool
anyone picking up some $SHAK today? Earnings volatility crush should be good
OA – any concern how FXE is developing? seems to be struggling to move north of the neckline.
Not at all. I warned this moves slow.
you did, just wanted make sure i’m not ignoring something obvious, much appreciated.
PANW..moving up as expected… what’s left but bottomfishing?
Didn’t even get a chance to get the comment off in time – for those looking for a good quick put play – although it did it on low volume – BIDU drew some people in with a quick pop and then printed under 175.5 just a little bit ago.
In a few days, you and I have to examine the risk reward of this.
didn’t get into $SHAK, got some $XRT calls instead as it has the similar look that $LVS did w.r.t. the pop then fade off the bottom
Bought March FIVE calls..
ANF on the move with a wide open profile.
ANF, and a great opp to add to my sizeable LVS.
OA, did you have a timeframe in mind for your FXE? Some headline risk to the trade from the French elections in May, curious as to your thoughts on that.
A timeframe? Of course. As an option trader, no real way around that.
More so than headline risk, if this Dollar reversal pattern holds is probably more a problem for FXE. We’re above the neckline and holding as of right now… would suggest new highs for UUP.
http://imgur.com/AEsISA1
Sold my biotech here, maybe be early but sweet gains none the less. I may get back in if the pullback is constructive. Getting very interested in soft commodities….I bought coffee this morning (in my accounts and at Philz) and trying to find a good entry in wheat.
Also long natty down here for the long term hold.
Want to talk early? I bought JO here last year, obviously like the spot. Coffee is a great long term play.
From a horticultural perspective, there is a virus that is killing off 20% of coffee crops in multiple countries of Latin America and South America, the virus is spreading. They have to remove and destroy trees with this virus- the lag time of having a replacement tree come into production is years. There will be serious price pressure on coffee in years to come.
Why do you think $XBI is a sell here? It’s seeking a price level in rare air. Why not let it get to a level of price confirmation before selling?
Regarding “softs”… interesting website:
https://commodityseasonality.com
FCOJ, LOL.
That will always make me smile…
I was looking at $TAHO this morning. I’ll be happy to follow OA Jr. at this point.
Two interesting restaurants: $BLMN and $LOCO. I think I’m leaning $BLMN and longer term options.
I want to buy Snapchat puts here, but I felt my balls, and they’re not big enough.
After dusting my face with cocaine and talking myself up a bit “You’re a big dog,” I went in to buy some and found that they’re not available. Probably saved me from getting run over.
LOL
Yeah, they make you wait a pretty good while before the option market opens in the IPOs I’ve watched. Which is too bad, I’d love to see the bid-ask on options today. How the hell would you price that?
Probably a good place here to sell the quick BIDU short
Still have ABX puts. Waiting for a push toward 17.5 later today or tomorrow morning.
That is of course – if it happens. I’ll continue to hold and play for the bigger gain.
Interesting reversal in WYNN.. That 103 level is Kryptonite.
OA jumped in LIXXF at 1.45. Get ‘er ripping higher now!!
OA….any reason you wouldn’t advise adding to $LVS on this pullback?
None whatsoever.
OA –
I have a question about the ’98-’99 analog you’ve been using for today’s market. In ’98-’99, you’ve mentioned that 24-25% of stocks outperformed the market those years. Do you see that correlation translating to this year?
If so, seems like a vast number of current stock movers will enter a bear market by end of year, no?
Right now, 83%+ stocks are above their 200 day average and it’s climbing…
(Don’t know how to get current %-of-stocks beating the market)
You missed the context I think.
Ahh, you’re right. I think you were talking about the cleansing that took place before the enthusiasm started building up.
Thanks.
The 25% was the year prior. This would have been 2015, which percentage wise was identical.
Good memory. I’m watching the IBC NYC Conference Day 2 from 2015…
I’m feeling the energy-trade vise trying to squeeze me out, it’s getting intense.
Red everywhere. Definite pain trade.