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“I’m Over-Leveraged…” – Watch Barstool’s Dave Portnoy Sell Stocks Into Close

Courtesy of ZeroHedge

The US stock market lost ground in the late Thursday session, as technology stocks lost steam. Robinhood traders tried to buy-the-dip in the morning but were monkey hammered from 10:00 ET and beyond. The short-lived rally on Wednesday trapped newbie traders into believing a "V" shaped rebound was imminent.  

With the E mini Nasdaq down nearly 2% at around 11,181 level (at the end of the day) – none other than Barstool Sports' Dave Portnoy, the market's crazy amateur-genius, told thousands of viewers on his live Twitter stream around the 13:20 mark that he's "over-leveraged again" and that, if he doesn't sell by the close, his broker will force him to "write checks".

"I'm overleveraged, so something's gotta be sold," Portnoy said. 

About 5 minutes to the U.S. cash close, Portnoy told viewers that he lost "$150,000" but said, "it has been a good day… because PENN has been a monster." 

Here's the video: 

Shhh, don't show Portnoy this chart…

And maybe stocks don't "always go up"? 


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