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.

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.

BUT $SNAP IS OVERVALUED…RIGHT?

Quiet period ends Monday. There’s going to be an assault on the #SNAPTARDS as upgrades, buy recommendations and lofty price targets lay waste to those that couldn’t quite grasp the unique opportunity this stock presented.

Again, I could care less about this company. I could care less about value. All I cared about was the inflection point that would change the minds of what value participants will be willing to pay. I fucking nailed that.

The story isn’t over. The stock has rallied 23% off the lows, and the experts are saying sell the rally and the sentiment has changed only slightly.

This is taking candy from children here. Literally. Know your opponent!

Sentiment won’t turn bullish til we take out the highs, then the #SNAPtards have to sit out a rocket launch opportunity, or chase higher.

Either way, win/win.

MARKET SENTIMENT WISDOM FOR YOUR $SNAP

For all the questions that will flow here about “where is this going?” and “What is your target?”…from here, I won’t really respond to these. I made my early calls about all this already, and I really don’t like managing the trades of others in this context. Therefore, from here…if you choose not to sit back and read what I am doing, just be…the…ball.

Ty: Danny. I’m going to give you a little advice.
There’s a force in the universe…that makes things happen.
All you have to do is get in touch with it.
Stop thinking. Let things happen…and be…the ball.

Ty: Where’s the wedge?
Find your center.
Hear nothing. Feel nothing.

Danny: That was kind of incredible, sir.

Ty: You try it, Danny.
Danny: Pardon me?

Ty: You try it.
Just relax. Find your center.
Picture the shot. Picture it.
Turn off all the sound.
Just let it happen. Be the ball.
Be the ball, Danny.
You’re not being the ball, Danny.

Danny: It’s difficult with you talking like that.

Ty: I’m not talking. Stop talking.
I’m not talking now.
Be the ball.

STAGE THREE: TREND DAY

If you aren’t in as of last week, you’ll wish you were.

More later,

OA

STAGE TWO: SAME APPEARANCE, DIFFERENT OUTCOME

$SNAP saw another early pop, then a slow fade.

Today, it will apply a little more pressure into the close. Not too much as to make them scatter, but enough to make them sweat a little.

This one is my favorite move. Set’s up a good Wednesday move.Still 74% bearish and as you know is the stock with the most eyeballs locked in.

KEEP THEM ENGAGED – LET THEM GO QUIETLY

The stock is quietly being held here. Please, bears…double down on your downside bets.

The more action you take now, the more significant the chase from here.

This early move was enough to quiet the crowd, but the stall during the second half of the day was enough to leave bears engaged and not quit positions. Again, very twitter-esque.

The turn is a quiet process, not an event.

Bears get popcorned tomorrow.

STAGE ONE: DENIAL

Worst case scenario for the $SNAPtards was a gap up.Rather than exit the position, they’re buying puts. Sentiment hasn’t changed yet. Too easy.So very #twitterish.

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.

THE SNAPTARDS ARE UNITED

You must understand the value of united minds on this idea. Minds that when combined are worth less than price of the premium paid for this terrible stock.

Again, a trade here has nothing to do with whatever valuation or fundamental story you want to pitch me, but rather, it has everything to do with how a high profile stock is positioned.

Check the StockTwat boards to see who’s on your team on this idea.

This is all so Twitter-esque. Same sentiment too.

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