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.

I DID IT. I BOUGHT $SNAP.

The propeller hat kids, aka “odd lot gang” are 70% bearish on this stock. Game.on.

I absolutely LOVE how its drifted lower. That to me suggests more of a lack of interest over the last couple weeks more than anything else.

I booked my $SNAP puts today as it broke through $20 and bet the farm on April and next week calls.

I like the break into the teens as a psychological negative. I love that it closed under $20.

I love that guys like Tepper and Cramer say they’ll buy this at IPO price. Those that are waiting will look at that number as a safety net. But what if it doesn’t get there?

This stock is ripe for a chase. Tomorrow’s a spot to get involved.

***UPDATE***

STOCKTWIT STEVE DIDN’T LIKE MY IDEA. THESE ARE FANTASTIC CONFIRMS.

MARKETS, STOCKS, AND ALL ELSE VERY UNIMPORTANT TODAY

I don’t mess around this time of year.

Sports fan or not, the first round of the NCAA tournament is as good as it gets in the world of sports. As close to David versus Goliath as you can get.

Therefore, fuck with me not today, for I am watching games.

Who’s your top pick in the first round?

OA BUY: $BIDU

Last China stock that hasn’t ripped yet.

HERE LIES THE “ODD LOT” GANG

Watch $SNAP today. This ought to be the first trade to the teens during RTH.

As that happens, I think you see your first batch of volume leave the stock as frustration sets in. In other words, the odd lot gang gets flushed here.

Multiple people are talking about buying once it hits it’s IPO price of $17. Tepper, Cramer, etc.

I think it gets close, but not quite there. Start buying at $18.

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