$TSLA & $MBLY DABBING ON SHORT SELLERS IN 2017

TSLA & MBLY are squeezing this morning, and continue to litter the runner screen inside Exodus. MBLY, in particular, is having a great start to 2017, and TSLA is squeezing on missing sales numbers. I came into the year long $TSLA, and have no plans to sell here.

Today’s full runner screen powered by Exodus can be found HERE. This is my go-to screen to find trading ideas throughout the day.

And, in case you didn’t get enough of the “dab” in 2016, watch below as Paul Ryan’s son demonstrates the dab as his father is sworn in. Cam Newton would be proud.

-“Are you gonna sneeze, is that it?”

$PYPL is getting some love as we start the year as traders push this one through the 50 day moving average. I own a position here as the technicals looks great on just about every single time frame.

The stock has made it on a number of lists of top stocks to own in ’17, and has even received an upgrade to start the year. Payments as a whole are off to a good start: $MA $V $PYPL.

Here’s a daily chart of Paypal, it’s gets fun above today’s high. #long

You can almost feel the optimism in the air as 2017 gets off to a great start. Right off the bat, oil service names lead the way with $OIH advancing nearly 3%. Surprisingly, $TAN solar is also up 2% to start the year. Here are the top sectors in the first hour in 2017:

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But, that’s not what we are here to talk about. We are here to talk about the top picks in 2017. Well, straight from my readers, for the 10th year in a row, here are some potential lotto winners in 2017: CLICK HERE FOR THE 2017 STOY CONTEST.

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As for last year’s contest, here are your winners in 2016:
A big congrats to Montrachet for picking a stock that was up over 300% in 2016. Please email me your shipping address, I have a grand prize coffee mug coming your way.

Happy New Year All!

It’s that time of year again. Who has the best stock idea for 2017? The only two rules to this contest is that your pick must be over ten dollars ($10), and it must be a stock, meaning no ETFs.

My stock for 2017 is going to be $NTDOY. I own shares in my long term account and plan to add more throughout 2017. I think we see $50/share by year end with the pipeline Nintendo has coming.  My plan is to build a solid position here with plans to sell 1/2 once my gain has reached 100%. At this point I will own shares of NTDOY for free and will let this position run for years to come.

My runner up pick, which is sub $10, is $FIT. We have another case for a double here with price trading under 7.50. The stock is undervalued and should be gobbled up as people take advantage of end of year tax loss selling. $15 is attainable in 2017.

I want your pick in the comment section, which will then be placed in a google spreadsheet to track all year. So give me your best pick for 2017, and may you all have a Happy New Year!

Fitbit had the top App in Apple’s App store the day after Christmas followed by Super Mario Run and Snapchat. Super Mario Run has since took over the top spot, but I think it pretty clear that most had a Merry $FITmas.

I took on some $FIT shares this morning at seven and a half, and plan to hold at least until $10. In my opinion, the bad news is priced into this one already with very little hope for a future, judging by the way it has traded. Couple tax-loss selling over the past few weeks and you have a recipe for a huge short squeeze with just a single positive data point.

$NTDOY is also a buy after getting smacked around after the initial launch of Mario Run. This is just the beginning of mobile games being rolled out by Nintendo, and we also have the switch due out in March. It’s a buy at $26, and I’m making this my Stock of The Year in 2017.

And, what can I say about SnapChat? People are board with $FB and migrating over to Snap. With an iPO looming, Snap still has the juice.

Here’s a screenshot of the App store the day after Christmas:

With 2016 winding down, it’s time for an update to our 9th annual stock of the year contest. It looks like Mr. Montrachet is going to win this year with his pick in $CWEI. The stock is up over 300% this year alone, well done sir. But, the year is not over. Legacy iBankCoin member Mr. DJMarcus is right behind with his pick in $PAGP, he needs oil to collapse right here, right now. Here is the leader board:

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The full contest link can be found HERE.