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Steve Symington Profile
Steve Symington

@Steve_Symington

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376
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Senior Analyst at AlphaTarget. Previously Founding Lead Advisor at 7investing and Analyst at The Motley Fool. My posts aren't investment advice, do your own DD.

Joined February 2013
Don't wanna be here? Send us removal request.
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@Steve_Symington
Steve Symington
4 months
Thrilled to announce the launch of AlphaTarget's website! Subscriptions are now open... The "Resources" page on the site already has several insightful articles about interesting topics.
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@Steve_Symington
Steve Symington
4 years
Remember, the #stockmarket falls by... ~10% once per year or so ~20% every five years ~30% once per decade ~50% a few times per century "Big" pullbacks are more normal than you think. Stay calm. Keep a long-term perspective.
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@Steve_Symington
Steve Symington
3 years
"When stocks are attractive, you buy them. Sure they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom." -- Peter Lynch
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@Steve_Symington
Steve Symington
5 years
Remember, the stock market falls by... ~10% once every year or so ~20% every five years ~30% once per decade ~50% a few times per century If anyone says they know exactly where this pullback ends, they're either lying or ignorant.
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@Steve_Symington
Steve Symington
3 years
If you're a long-term investor, this drop in high-growth stocks is a blessing. Why WOULDN'T you want to buy your favorite stocks at lower prices?
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@Steve_Symington
Steve Symington
2 years
Imagine 20 years ago if someone told you the market would one day view *quarterly* guidance from $AMZN for net sales of between $116B and $121B as "weak."
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@Steve_Symington
Steve Symington
5 years
Today's my birthday, & I'm thinking about how quickly the years have passed. Here are 5 #stocks I've owned for at LEAST a decade, along with their 10-year return: $IRBT: 270% $MKL: 293% $UA: 563% $NVDA: 1,460% $OLED: 1,590% What are some of your favorite long-term holdings?
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@Steve_Symington
Steve Symington
6 years
@realDonaldTrump Let's just assume his use of the word "bye" here was a Freudian slip.
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@Steve_Symington
Steve Symington
2 years
As a long-term investor, the best time to buy stocks is when everyone else hates them.
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@Steve_Symington
Steve Symington
2 years
As of June 30, 2022, @SoFi was the 240th-largest bank in the U.S. as ranked by consolidated assets. Up from 449th in Q1. CEO @anthonynoto says they "won't stop until we're one of the top 10 financial institutions in the country." I'm long $SOFI.
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@Steve_Symington
Steve Symington
4 years
Just bought a new 20-year term life insurance policy from @Lemonade_Inc . The process in the app was seamless (dare I say kinda fun!), & their quote was slightly more than half the cost of another I received (and turned down) from a competing insurer. Well done. And long $LMND
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@Steve_Symington
Steve Symington
4 years
Today's my birthday. Thinking about how the years have flown by. Here are 5 #stocks I've owned for at LEAST a decade, along w/the gains of my earliest positions so far: $IRBT: 576% $MKL: 225% $UA: 507% $NVDA: 3060% $OLED: 1790% What are some of your favorite long-term stocks?
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@Steve_Symington
Steve Symington
3 years
Seems like a good time to remind everyone the #StockMarket falls by: ~10% once per year or so ~20% every five years ~30% once per decade ~50% a few times per century "Big" pullbacks are more normal than you think -- even more so with individual stocks. Keep calm and carry on.
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@Steve_Symington
Steve Symington
5 months
Exciting announcement! Iโ€™m thrilled to announce Iโ€™ve joined Puru Saxenaโ€™s new research firm, AlphaTarget, as Senior Analyst. After much discussion and careful consideration, Iโ€™ve decided to embark on this new chapter in my career. AlphaTarget will provide cutting-edge research,
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@Steve_Symington
Steve Symington
2 years
@anammostarac @Matt_Cochrane7 I think coffee tastes better when the front yard looks like this.
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@Steve_Symington
Steve Symington
4 years
Too many people are fearful of investing when the market is falling and eager to buy as #stocks rise. It should be exactly the opposite.
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@Steve_Symington
Steve Symington
3 years
My daughter's first 10K! And 1st place in the 17-and-under bracket! So proud of her. ๐Ÿ‘๐Ÿ‘๐Ÿ‘
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@Steve_Symington
Steve Symington
2 years
SoFi Bank's rank among U.S. banks as measured by consolidated assets: -Q4 '22: 149th -Q3: 184 -Q2: 240 -Q1: 449 CEO @anthonynoto says SoFi is taking market share from big banks and "won't stop until we're one of the top 10 financial institutions in the country." I'm long $SOFI
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@Steve_Symington
Steve Symington
3 years
So @anthonynoto has bought $SOFI stock on three different occasions over the past week -- each for between 15K and 16K shares at below $10 apiece. Modest relative to his overall stake (of just over 2.9M shares), sure. But a clear signal to fellow SoFi investors, imho. Take note
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@Steve_Symington
Steve Symington
3 years
Happy Mother's Day to this lovely lady, my wife of (almost) 15 years! Couldn't do it without her.
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@Steve_Symington
Steve Symington
4 years
Just struck a deal with my two older kids (ages 13 and 10) to deposit $2 into a custodial brokerage account for every book they read. They read constantly anyway. But this gets them even more excited + teaches them about #stocks . 100% sure this will be my best investment ever.
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@Steve_Symington
Steve Symington
2 years
An interesting change of the guard... $AMD's market cap just passed $INTC:
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@Steve_Symington
Steve Symington
4 years
Added to my $FSLY position today.
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@Steve_Symington
Steve Symington
3 years
Ignore short-term swings. A 10% move is nothing. I'm looking for multibaggers to create life-changing wealth. But that also requires being patient, and focusing on the long term.
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@Steve_Symington
Steve Symington
4 years
My idea of a perfect afternoon: Campfire, beer, and starting โ€˜100 Baggersโ€™ by @chriswmayer .
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@Steve_Symington
Steve Symington
3 years
Wealth-creation hack: โœ…Add whatever money you can afford to live without for a few years to your brokerage account every month. โœ…Buy high-quality stocks with it. โœ…Hold those stocks. โœ…Wash. Rinse. Repeat.
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@Steve_Symington
Steve Symington
3 years
Make that 4 times. @anthonynoto bought again today -- another ~17K shares at just under $9. ๐Ÿ‘€
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@Steve_Symington
Steve Symington
4 years
Friendly reminder: Stocks don't always go straight up.
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@Steve_Symington
Steve Symington
1 year
Watching $NVDA continue to soar and $PTON continue to fall highlights one big investing lesson I've learned over the years: Never underestimate the ability of winners to keep on winning, or losers to keep on losing.
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@Steve_Symington
Steve Symington
4 years
I think itโ€™s not only possible, but probable that most individual investors can consistently beat the market. But the single most important factor to that end is maintaining a long-term mindset.
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@Steve_Symington
Steve Symington
4 years
Investing food for thought: I've "lost" far more money trimming my winners than by selling my losers.
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@Steve_Symington
Steve Symington
3 years
A lesson on enduring volatility in #stocks I first bought $NVDA in early 2009. Still own some, but sold some in 2015 @ 3X my initial cost basis (๐Ÿ™„More on that story here: ) But check out how many times $NVDA plunged severely from its highs along the way:
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@Steve_Symington
Steve Symington
4 years
A drinking game, but for investor presentations. Drink any time someone says: Synergies Funnel Paradigm Disruptive Tailwind Next-gen Cloud Value-add Organic Growth Pipeline Innovative EBITDA What else?
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@Steve_Symington
Steve Symington
3 years
1/ "Buying early on the way down looks a great deal like being wrong, but it isn't." -- Seth Klarman (From his February 2009 article, "The Value of Not Being Sure," attached here)๐Ÿ‘‡
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@Steve_Symington
Steve Symington
3 years
If you haven't already, dust off your watch list. Separate those strong businesses whose stocks that are being unjustly beaten down from the rest. Buy them. Or add to them. It hurts right now to see all this red, but remember these are the times when fortunes are made.
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@Steve_Symington
Steve Symington
4 years
The first sentence of $LMND's Q4 shareholder letter is gold. ๐Ÿ‹๐Ÿ˜ "Dear Shareholders, In recent quarters we attempted to walk and chew gum at the same time, and weโ€™re happy to report that we seem to have mastered this feat without too much drama."
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@Steve_Symington
Steve Symington
4 years
B/c I know he won't brag about himself, I want to say well done & congrats to @7Innovator . Our fearless CEO @7investing is also currently our best-performing advisor to date, w/an AVERAGE return of 110.8% for his stock recs so far. It's a team effort here, of course. But ๐Ÿ‘๐Ÿ‘๐Ÿ‘
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@Steve_Symington
Steve Symington
5 years
In no particular order, some #stocks I'll be watching closely in 2020: $IRBT $IQ $NTNX $JD $OLED $TCEHY $UA $WDAY $TWOU $ZG $MKL $BOMN $SPLK $TSLA $ROKU $EDIT $UI $FB $AYX $SQ $NVDA $QTWO
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@Steve_Symington
Steve Symington
1 year
With its recent rally, $NVDA became my first 100-bagger. 4 lessons I learned owning the stock for the past 13 years:
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@Steve_Symington
Steve Symington
4 years
This morning's ridiculousness perfectly illustrates why I don't use stop losses. Volatility is a feature of our markets. Not a bug. #stockmarket #investing @7investing
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@Steve_Symington
Steve Symington
4 years
So this is blowing up right now and I'm so here for it. ๐Ÿ˜น #catlawyer
@lawrencehurley
Lawrence Hurley
4 years
โ€œIโ€™m here live, Iโ€™m not a cat,โ€ says lawyer after Zoom filter mishap โ€œI can see that,โ€ responds judge
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@Steve_Symington
Steve Symington
4 years
My wife just called me to ask a question. From downstairs. Literally 30 feet away. And she ended the call with: "Okay, I'll see you when you get home from work!" ๐Ÿ˜
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@Steve_Symington
Steve Symington
4 years
Hey @chimerix , might you help a friend, save a life? I understand you licensed #Brincidofovir to SymBio Pharma in 2019. But it could be instrumental in curing an adenovirus threatening the life of my friends' son: Any contacts or info? My DMs are open.๐Ÿ™
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@Steve_Symington
Steve Symington
5 years
I often pound the table for investors to buy and hold for multiple years. But let's look at more recent returns. Here are the 5 best-performing #stocks in my portfolio over the past 6 months: $TSLA: +231.6% $NTNX: +87.6% $NVDA: +76.6% $IQ: +59.4% $LULU: +38.7% What are yours?
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@Steve_Symington
Steve Symington
1 year
Two quick updates: 1.) I've started a new position as Associate VP at Precision Global, a leading venture capital firm that specializes in private placements for real estate investments. More to come soon, but feel free to DM me if you want to know more in the meantime. 2.) For
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@Steve_Symington
Steve Symington
3 years
Valentine's Day beers with my lovely wife of 15 years ๐Ÿป
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@Steve_Symington
Steve Symington
4 years
Anyone else excited for the kickoff of earnings season next week!?
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@Steve_Symington
Steve Symington
4 years
๐Ÿ‘‡
@iancassel
Ian Cassel
4 years
โ€œPeople will go $100,000+ in debt for college but wonโ€™t invest $5,000 in a stock because itโ€™s too โ€˜riskyโ€™. ๐Ÿคท๐Ÿปโ€โ™‚๏ธโ€ - @SJosephBurns
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@Steve_Symington
Steve Symington
4 years
I've honestly NEVER understood the appeal of short selling. A pessimistic view. Maximum 100% upside per trade. And unlimited loss potential. Blech.
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@Steve_Symington
Steve Symington
4 years
"Losing" money in the stock market - even if it's unrealized losses for stocks you're still holding - hurts far more than making it. Stay calm. Trust your thesis. Remember you're a long-term investor. In time, these kinds of pullbacks will barely register as blips in the radar.
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@Steve_Symington
Steve Symington
1 year
I'm stepping away from my role at @7investing . It's been a wonderful few years working with some fantastic people. Stay tuned for more on what I'll be up to going forward. But don't worry; I'll be easy to find.
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@Steve_Symington
Steve Symington
3 years
Wow, Montana. This is the field next to my kidsโ€™ school this morning.
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@Steve_Symington
Steve Symington
4 years
Unpopular opinion: I've never been interested in gold as an investment. Not as a hedge, not for anything in my portfolio.
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@Steve_Symington
Steve Symington
3 years
I love living in #Montana so very much.
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@Steve_Symington
Steve Symington
4 years
Our March recs @7investing will be released on Monday morning! Who's ready!!!? If you're not already a subscriber, use the link below to get $10 off your first order. ๐Ÿ‘‡
@TweetNishit
N. S.
4 years
See @7investing teams' favorite stock market opportunities on the 1st of the month, each month. Sign up now to see past & upcoming recs. $17/month or $170 annually. Read company updates & watch deep dive videos. Save $10 with this promotional offer!
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@Steve_Symington
Steve Symington
4 years
Still worried about $LMND's lockup expiration today? ๐Ÿ˜ฌ๐Ÿ˜‰
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@Steve_Symington
Steve Symington
5 years
Is anyone else nervous that #stocks might plunge in 2020? I'm not. To the contrary, I'd be elated. If you're a net buyer looking to #invest for the long term, a sharp pullback would represent the best possible scenario.
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@Steve_Symington
Steve Symington
3 years
The S&P 500 is down almost 9% from its highs. The Nasdaq is now down 15%. Just remember, the #stockmarket falls by... ~10% once per year or so ~20% every five years ~30% once per decade ~50% a few times per century "Big" pullbacks are more normal than you think.
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@Steve_Symington
Steve Symington
6 years
@realDonaldTrump @FoxNews That last comma, though...
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@Steve_Symington
Steve Symington
9 months
@somewheresy I remember building a PC in college and splurging for 1GB RAM (128MB was considered insane then). My friends asked me what in the world I expected to do with so much memory.
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@Steve_Symington
Steve Symington
4 years
I finally picked up shares of $ROKU last week in my personal portfolio at around $117. Happy to take the short-term pop by happenstance, but holding this one for the long term.
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@Steve_Symington
Steve Symington
3 years
Nice little #spiffypop (increasing more than my original cost basis) for my $NVDA position today! ๐Ÿ™๐Ÿ™Œ So much fun to see the power of long-term #investing at work!
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@Steve_Symington
Steve Symington
4 years
Anyone else excited about the pullback in many high-flying #stocks !? If you're a net buyer with time on your side, you should be celebrating this as a chance to buy shares of your favorite businesses at lower prices. These are the times when the REAL fortunes are made.
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@Steve_Symington
Steve Symington
4 years
Here's a list of #stocks I've sold so far in 2021:
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@Steve_Symington
Steve Symington
4 years
1/ In the #stockmarket , don't lose sleep over single-day drops on earnings reports or short-term concerns. These are barely blips in the radar for long-term investors. A few examples:
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@Steve_Symington
Steve Symington
5 years
1/ A 10-lesson thread with a personal anecdote: Big picture: Even if you're not a full-time investor, never underestimate how much your current job can teach you about #investing , #business and #stocks . Don't just cruise through your daily work. Pay attention.
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@Steve_Symington
Steve Symington
5 years
I'm celebrating each and every stock on my watchlist that tanks along with the broader market right now. I'm a relatively young, long-term investor and plan to hold the #stocks I buy for YEARS. It only makes sense that we should want to buy them at lower prices.
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@Steve_Symington
Steve Symington
3 years
Lawnmower lines are superior to carpet lines. Change my mind.
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@Steve_Symington
Steve Symington
3 years
Investors, if you're having trouble coping with the recent red in your portfolio... Take a deep breath. Look away from your screen. Trust your thesis. Think long term. #stocks #investing
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@Steve_Symington
Steve Symington
5 years
In 2014 I argued $ADBE was still worth buying even as the market realized its subscription-based #cloud model was accelerating. Shares are up >360% since then. I think $NTNX is in a similar spot today. My initial thoughts: @nutanix #stocks #investing
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@Steve_Symington
Steve Symington
4 years
@TikTokInvestors I feel like we're all the cameraman and he's walking us into a corner as we try to politely exit the conversation...
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@Steve_Symington
Steve Symington
4 years
#Webull CEO insists they had no choice but to restrict trades in several meme stocks today ( $GME, $AMC, $KOSS ) because the cost of settling the trades became prohibitively high. "This is not a political decision. ... This has to do with the settlement mechanics of the market."
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@Steve_Symington
Steve Symington
3 years
Sorry I've been so quiet the past few days, @7investing and #FinTwit friends! Family camping time up here in MT...and an absolute black hole for cell reception. A perfect place to read a book and paddle around looking for turtles, though...๐Ÿ˜
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@Steve_Symington
Steve Symington
4 years
Astute move by $LMND management to raise some fresh capital given its recent rise. I'm still long. Will elaborate with more in the AM.
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@Steve_Symington
Steve Symington
4 years
What's the best stock to introduce your children to investing? Wrong answers only.
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@Steve_Symington
Steve Symington
4 years
Holy cow. Just found this on my old TMF Caps profile. I've been pounding the table on $SAM for over a decade now with a starting price of $46 per share. 1st: Where did that time go!? ๐Ÿ‘€ 2nd: Shares up by $172 TODAY, closing at $828. That's the power of long-term #investing .
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@Steve_Symington
Steve Symington
4 years
Hereโ€™s a list of #stocks with the highest short interest going into this week. Just in case youโ€™re wondering why many of these names are soaring on โ€œno newsโ€ as shorts get shaken/pressured out of their positions.
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@Steve_Symington
Steve Symington
3 years
Lemonade adds auto! ๐Ÿ‹๐Ÿ‹๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ‘๐Ÿ‘
@Lemonade_Inc
Lemonade
3 years
@7investingSteve @danieldibartolo An interesting incremental add indeed
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@Steve_Symington
Steve Symington
4 years
1/ Strictly apolitical here (and I won't respond to partisan comments), but one way or the other expect some near-term volatility surrounding the #Georgia #Senate runoffs. Here's a big-picture, bird's-eye view of what's going on for investors...
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@Steve_Symington
Steve Symington
5 years
Panic!? No. I'm so excited by this plunge I can hardly contain myself. You should be, too. #stocks #investing
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@Steve_Symington
Steve Symington
4 years
That view though! ๐Ÿ™Œ Thankful for our first daddy-daughter ski day of the season!
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@Steve_Symington
Steve Symington
4 years
Bourbon.
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@Steve_Symington
Steve Symington
4 years
Now that Iโ€™m back from camping/vacation with a decent internet connection, this was my view as I called into our last @7investing team meeting. I'm only sad my fantastic colleagues @7Innovator , @7AustinL , and @Matt_Cochrane7 couldn't be there to see it and talk stocks in person
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@Steve_Symington
Steve Symington
3 years
What an incredible quarter from $SOFI! โœ…87% member growth (to 3.46M) โœ…105% product growth โœ…67% account growth at Galileo โœ…6th straight quarter of adjusted EBITDA profits โœ…Bank Charter complete (will meaningfully contribute starting in May) โœ…Stronger-than-expected guidance
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@Steve_Symington
Steve Symington
4 years
๐Ÿคฃ๐Ÿ˜‚๐Ÿ˜‚
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@Steve_Symington
Steve Symington
4 years
Iโ€™m not dead, Twitter friends. Just been without service camping in MT for the past few days. Never underestimate the value of unplugging/unwinding from time to time.
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@Steve_Symington
Steve Symington
3 years
Kinda fun hitting 10K so I can't easily see exactly how many followers I have anymore.๐Ÿ˜ Admit I've found myself checking that number more often lately than I generally look at my investment portfolio (a low bar, but still...) Thanks so much for your support and trust, everyone
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@Steve_Symington
Steve Symington
4 years
Sorry Iโ€™ve been so quiet the past couple days, Twitter friends! Took a little mini vacation with my family to explore Wall Street... ๐Ÿ˜
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@Steve_Symington
Steve Symington
5 years
Any bets on $AAPL falls tomorrow in the wake of today's guidance warning? If anything, I think this hurts other China-sensitive stocks more than it hurts @Apple . Here are several names I'm watching tomorrow: $OLED $IQ $TSLA $IRBT $TCEHY $SBUX $LK $DIS What else?
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@Steve_Symington
Steve Symington
4 years
Such a great conversation. Thanks @Beth_Kindig , for taking the time to chat with Simon/ @7Innovator ! I definitely share your affinity for capitalizing on the impending growth of AI, by the way. :-)
@7Innovator
Simon Erickson
4 years
Really enjoyed speaking with Silicon Valley tech analyst @Beth_Kindig about investing in the tech industry! Beth has an excellent investing process, analyzing micro-trends and using a product-market-fit approach to identify opportunities.
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@Steve_Symington
Steve Symington
4 years
Me, a long-term investor, as shares of many of my favorite companies plunge:
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@Steve_Symington
Steve Symington
4 years
@HeroDividend Chicken. Waaay more flexible in recipes than beef stock.
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@Steve_Symington
Steve Symington
5 years
Anyone still wondering why @WarrenBuffett was hoarding that $120 billion in cash?
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@Steve_Symington
Steve Symington
4 years
1/ A little story about juicy acquisition premiums. One of the first stocks I ever owned was $MVL/Marvel Entertainment. Because, duh. A proven long-term approach for monetizing entertainment IP with >5,000 distinct characters in the Marvel universe? Yes please.
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@Steve_Symington
Steve Symington
3 years
Time to mow the lawn with a Dos Equis in hand. Happy Cinco de Mayo, friends!
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@Steve_Symington
Steve Symington
3 years
245K in daily volume for $BOMN today (more than 2X average of ~101K). Big fish stepping in? ๐Ÿ‘€
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@Steve_Symington
Steve Symington
4 years
Hooboy, $TSLA just announced a 5-for-1 stock split. Reminder: Stocks splits are a zero-sum game. But this will still dominate headlines tomorrow.
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@Steve_Symington
Steve Symington
4 years
1/ One of my old computer science professors once told me the greatest compliment a software engineer can hope to receive is: "Well that seems simple." I've learned the same goes for writing about #finance , #investing , and the #stockmarket .
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@Steve_Symington
Steve Symington
3 years
Name your favorite #whiskey . Bourbon, Scotch, Irish, Canadian, Japanese, whatever... Go!
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@Steve_Symington
Steve Symington
4 years
Remember, if you're a long-term investor and a net buyer like we are @7investing , you should be happy about pullbacks like this. Gives you a chance to buy the #stocks you love at cheaper prices.
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