High schooler who made $300K trading penny stocks under his desk

Summary is in the middle: "Smartphones have exacerbated the monkeys and typewriters problem," says says Paul Kedrosky, a veteran investor. "Given enough people with smartphones, a teen from New Jersey will turn his bar mitzvah money into $300,000, purely by chance."

This sounds very close to the late 90s penny stock pusher: http://en.wikipedia.org/wiki/Jonathan_Lebed

Now maybe this new kid was not as nefarious as Lebed but pushing your own penny stock agenda is given when you play to win. Only question is whether you slip under SEC radar.

The fact that he is starting a $2,000 newsletter is pretty much an indication that whatever edge he had is gone.

Funny, I was doing this in HS in 2003. I was one of the few kids with a cell phone (Nokia), I'd quietly dial E-Trade's automated line to check prices on my stock portfolio.

Didn't make 300k though.

Reads like a spammy comment of type of "Mom made 15k while staying at home".