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Dave Portnoy On Day Trading: 'I Can't Be Held Responsible For Total Idiots'

Dave Portnoy spurred a new generation of retail traders, but the Barstool Sports founder said Monday on CNBC’s "Fast Money" he can’t be responsible for the actions of others.” data-reactid=”19″>Dave Portnoy spurred a new generation of retail traders, but the Barstool Sports founder said Monday on CNBC’s “Fast Money” he can’t be responsible for the actions of others.

“We are ‘Barstooling’ it, we are making hype videos, we are getting behind it, we are live-streaming it,” he said. “And I think a lot of the old-time guys just don’t know what the hell is going on with us so they don’t know what to make of us.”

Are Robinhood Retail Traders Fueling The Rally? It Depends Who You Ask” data-reactid=”22″>See Also: Are Robinhood Retail Traders Fueling The Rally? It Depends Who You Ask

SAVE) near $8 per share. Anyone who took his advice is sitting on a hefty profit with the stock trading north of $20. The stock needs to “crash significantly for about a week straight” to erase all of the gains.

“People have to make decisions for themselves, obviously,” he said. “If you want to jump on, you jump on. The facts are I’m not going to feel bad when I have like 400% returns since I started doing this.”

In the meantime, Portnoy said it’s factually correct to say he ‘s outperforming Buffett after loading up on airliner stocks near the bottom: “because I am.”

Buffett is also pushing 90 years old so even claiming he is past his prime shouldn’t be seen as an insult, Portnoy said.

“I have said all along, he is the greatest investor of all time,” he said. “But right now, in this market, I’m doing better.”

SWBI).
Photo screenshot via CNBC.

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