Longhorns, how do you know Alex from season 1 is not a real trader? Also, SNDK actually did well - up over 40% after the shoot. I don't know if they scaled out of their positions, but it was a decent call. As a former FA, I don't believe in only having a few "good ideas" a year and banking your entire future on it - those guys are essentially gambling.
SEASON 2, thursday TV WALLSTREET WARRIORS
- Thread starter jtnet
- Start date
right, these fellas lost their shirts and their clients' as well.!! :eek: :eek: :eek:
as long as they did not get them out w/ the same gutso that they did to get em in.
i will blame survivorship bias only
i will blame survivorship bias only
Brett and the FJOC traders seem like the only serious ones on the show. The girl is cute but a joke considering she went to school for 4 years only to start at an entry level job knowing NOTHING about the business....
GMAN staring at her resume for 10 minutes only to ask a series or random questions....?? retarded.
GMAN staring at her resume for 10 minutes only to ask a series or random questions....?? retarded.
So they were buying in April and May at an average of roughly 43 and over the next few months SNDK traded up to a high of 59 (but mostly in a range of 50 to 56).
They already said they "only have 5 or 6 great ideas each year and SNDK was their best idea." They were quoted as saying their whole business basically rests on SNDK.
The Nasdaq rallied roughly 10% from April to mid July. SNDK rallied about 25%. I highly doubt they were unloading their "best idea" after such a short time period when the market was rallying so strongly.
I guess we won't know for sure, but if I was making odds on it I think there are a lot of SNDK bagholders in that firm.
Don't those "tools" know that phones are so last century. Everyone uses fax's and email for hot stock picks nowadays. I get all my best broker recommendations by fax & email 
word!