Holy crap. How embarrassing. Minervini couldn't even answer the interviewer's question on what business Upstart is in. Instead, he resorts to the cheeky "Can't friggin' hear ya...the line is breaking up".
Here's a fact check. I looked up Upstart stock, and here's what I see. This Youtube video was uploaded on December 3, 2022, so the interview as well as his purchase would have been made before this date. Here's what happened. It was trading around $20 on 12/03/22 and it initially dropped to around $12. But then it soared to nearly $73 in less than 8 months, and you'd have made over 7 baggers if you held on (and got out at the very top ). My verdict: that was a very good investment.
@ He bought 2 weeks before this interview around ~$350. This interview is from October 2021. From $393 went all the way to $12.
This tells nothing about the capabilities of a trader. I had a party once where a friend kept bothering me of a name of a stock where I'm in. Next gathering he was telling everyone how it is impossible that I make money in trading, because the stock went south. Reality is that only about 40 procent of the trades I take go somewhere, all the rest is stopped out. Besides that, if I had a platform like a TV show, I would talk a lot about a position I would like to exit and say that now is the best time to buy. The mass comes in and then there is no one left to buy. The perfect top created...
Stay away from salesmen like Mark Minervini, Larry Williams and Mike Bellafiore. These 90s traders are now just salesmen.
Are you able to put your own million bucks on the line and then win investing championship with 334% return like Mark Minervini? https://www.businesswire.com/news/home/20220124005241/en/2021-United-States-Investing-Championship-Winners-—-Minervini-Smashes-Record I don’t think so, therefore people should stay away from uniformed posters like you. Mark Minervini has the right to sell whatever he wants because he is legit and has skin in the game unlike the majority of posters on this forum.
hmm hmm sorry, you are breaking up. I will google Upstart and tell the audience what they do in the next show. btw I am happy to keep paying for my guest appearances in your show.