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:
If you enjoy the content at iBankCoin, please follow us on TwitterDad, 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.
“all of it”…i love that line.
He’s in from 19.10. Chip off the ol’ block.
when he realizes how much money he could have made if it were real….how do you keep him from dropping out to be a trader immediately? lol
He can’t drop out. He’s a D1 scholarship kid. He knows he has to stick it out.
he’s D1 at 13????
No, but saying he will be.
YOLOWolfed into $SNAP this morning, myself – haven’t fired the laser like this since 2013. #OAJrFTW
Talk about perfect timing. Nice.
$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.
Have no dog in the long term argument, but I have a yacht on the upcoming month.
Are you in weeklies and April monthlies? I took the April $22 for 0.35 this AM
Yeah, large in the monthlies. Little more than usual in weeklys
haha. so bad ass
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.
I meant russell 2000 target thanks
The RUT has an insane price target…but don’t think it captures it all this year. Probably takes some time.
WYNN breaking a long term range, you still in LVS?
LVSand WYNN
You’re not getting enough credit for your excellent LVS call.
It had that slow grind feel that some are not accustomed too.
Great trade either way though. Might be my best performer over the past month.
Casinos are exploding.
Indeed. The move has been awesome and you nailed it.
My point was LVS made those gains off of consistent +1.5% days rather than a few days of +10%, +5%, etc
Nicely done
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.
Told these guys to buy it again on a lower open. That might have been it.
Curious to know if Jr has had any stock ideas he came up with on his own and discussed them with you.
Peter lynch was big on finding out what his kids were fond of
Lol just saw this
“Be fearful when others are fearful” Bill Ackman-VRX
LOL
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.
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.
Speaking of vrx, is that a buy once it leg sweeps <10 ?
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.
$SNAP IN TURMOIL
Love these!
Do you share your ytd returns on this site?
Yes.
General ST/Twitter reaction to the buy rating: “$SNAP is going to $5, going to buy puts.” Love it.
FEYE is up a buck. watch out. this could be the end of it all. LOL