iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,814 Blog Posts

OA JR REBALANCES GAINS FOR THE END OF MONTH VICTORY LAP

If you haven’t followed this story, probably best not to start.

My 13yr old had a stock market challenge start at school at the end of February.

He initially started with the following stocks:

$SHLD, $TWTR, $DEPO, $CMCM, $MEET, $ADXS, $WTW, $LL, $PI and $TAHO.

He’s knocked down some pretty big moves in most of these stocks. He sold his shares of $WTW at $19.60 and $MEET at $5.80 a few weeks ago. He text me this morning about his account:

Dad, you said I should sell which stocks today?

Dad: $CMCM at $13 and $LL over $19. Sell that $ADXS too.

Junior: My teacher tells me I should buy something else since I have money available.

Dad: Tell your teacher to stop giving you advice.

Dad: Buy more $PI, $TAHO, $SHLD, and buy a lot of $SNAP.

Junior: How much?

Dad: All of it.

Junior: Got it.

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39 comments

  1. matt_bear

    “all of it”…i love that line.

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  2. doubleplus

    YOLOWolfed into $SNAP this morning, myself – haven’t fired the laser like this since 2013. #OAJrFTW

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  3. og

    Talk about perfect timing. Nice.

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  4. Rosenrush

    $SNAP clearly short-term capitulation/bottom this morning. Long-term bearish, but as you mentioned in previous post, that’s irrelevant in the short-term.

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  5. Beechoo

    haha. so bad ass

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  6. Wayne

    Snap by April 17th will be north of $30

    Jeff what’s your 2017 target for the Russel 200?
    1800??
    I know your nasdaq target has been exceeded. Great call.

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  7. Wayne

    I meant russell 2000 target thanks

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  8. Scott

    WYNN breaking a long term range, you still in LVS?

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  9. tonka

    Is it too much to ask for one final push down without taking out the lows in SNAP? I’m really enjoying the stocktwits stream on this one.

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  10. formergeek

    Curious to know if Jr has had any stock ideas he came up with on his own and discussed them with you.

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    • formergeek

      Peter lynch was big on finding out what his kids were fond of

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  11. lesurgeon

    Lol just saw this

    “Be fearful when others are fearful” Bill Ackman-VRX

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  12. heisenberg

    Jeff, great timing on BIDU. I missed it yesterday. Trying to learn more here — what’s your take on today’s action? Is this a failed breakout? Just curious… thanks.

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    • Option Addict

      Failed? It’s up today. There’s nothing here to break yet either.

      Zoom out a little, or refer back to the initial chart I posted.

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  13. vandamme

    Speaking of vrx, is that a buy once it leg sweeps <10 ?

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  14. stockslueth

    CNBC had a special segment on how low can SNAP go? If that isn’t a sign the bottom is in I don’t know what is.

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  15. ccassara

    Love these!

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  16. TheJB

    Do you share your ytd returns on this site?

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  17. doubleplus

    General ST/Twitter reaction to the buy rating: “$SNAP is going to $5, going to buy puts.” Love it.

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  18. matt_bear

    FEYE is up a buck. watch out. this could be the end of it all. LOL

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