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Shock Comes to Harlem 2010 059
 
 

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COACH BAKER ACCOSTED AT FASHION WEEK PDF Print E-mail

In July Coach Baker was invited to attend an after-party for the Malan Breton collection at the AKA Hotel during Fashion Week.  While standing around minding his own business, he was approached by four ladies who wanted some guidance on the pending financial crises.  They then hit him with that line "What's your name . . . What's your sign? . . . Things that make you smile? . . . What numbers to dial?  You gon' be here for a while? 

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Coach Baker Goes One - on - Four . . . . . . You a Chuck Son!

 

 

 
NEW YORK POST BLAMES SHOCK EXCHANGE FOR WALL ST. DEBACLE PDF Print E-mail

On September 16, 2008 the New York Post tried to blame the Shock Exchange for the 504 point decline in the stock market amid the demise of Lehman Brothers, Merrill Lynch, and AIG.  But unlike these firms, the Shock Exchange takes a "top down" and "bottoms up" approach to investing.  Nice try though.  Does that mean we are entitled to some of that bail out money too?  Check out the following link: 

http://www.nypost.com/seven/09162008/news/regionalnews/the_new_york_shock_exchange_129310.htm

 
THE KIDS > COACH BAKER PDF Print E-mail

The team had its recent investment meeting on Sunday July 30, 2007 and just as I suspected --- the kids > Coach Baker!  A year later, the stocks picked by the kids (Apple and GameStop) have trounced the performance of Coach Baker's stock (Phoenix Insurance).  Apple achieved a 112% return, GameStop an 82% return, compared to Phoenix's negative 1% return.  It appears that Apple and GameStop have been the beneficiary of new technologies and trends that are popular with kids.  Whoever coined the phrase "out of the mouths of babes" was a genius, because truer words were never spoken.  The results just go to prove that it is nothing short of amazing what our kids know about what's hot and what's not and which companies will benefit.

But as we look to set the portfolio for the future, several questions and issues arose.  Can Apple and Steve Jobs maintain its recent momentum?  Dimitry Martelli believes that the Sidekick from T-Mobile is cooler and has more features than the Apple iPhone and thinks it is time to dump Apple, while Christopher Smith (Nick's dad) believes it is foolish to bet against Apple, regardless of its recent run-up.  David Higham (Jett's dad) thinks GameStop will soon become a dinosaur as consumers will eventually start buying games online instead of in stores.  Furthermore, we should dump GameStop before it realizes a similar fate as Blockbuster.  Dimitry countered that Sony was marking down the price of the PS3 so GameStop's sales, and earnings, would get a short-term jolt (Dimitry how do you know this stuff?). 

However, a topic everyone could agree on is that Mr. Baker is too emotionally attached to Phoenix.  We had to stop the meeting on several occasions to wait for the laughter from the kids and parents to subside.  But like a true executive, Mr. Baker tried to position himself so that Mr. Neverson would take the fall.  When that didn't work, he threatened to cut back everyone's playing time . . . ironically the laughter suddenly subsided.  We finished the meeting with a task for the kids to decide which stocks to trade out of and which ones to add.  The new candidates are Johnson & Johnson, Prada (fat chance Dimitry), American Express, Nike and Adidas.  The entire results from the meeting is in the process of being updated on the "Shock Exchange Fund" webpage.

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Mr. Neverson defends his investment in Phoenix

 
SHOCK EXCHANGE PROFILED IN BLACK ENTERPRISE PDF Print E-mail

The Shock Exchange had its recent investment meeting on March 16, 2008 and it was truly a star-studded event.  Jessica Jones and Jerry Jack of Black Enterprise were on hand to meet the team and to get a better understanding our investment process.  In her article Round ball and Round Lots, Ms. Jones documents the various enticements used to teach kids about saving and investing, with sports being one of them.  The article goes in depth about the Shock Exchange's basketball program and the performance of the Shock Exchange Fund.  I encourage everyone to pick up the July issue of the magazine. 

As an aside, we have received 20k visitors to our website since the article came out.  We really appreciate the interest and we hope you learned a lot from what the kids are doing.  However, nobody sent us any donations.  The Shock Exchange is a non-profit organization that relies on contributions from parents and the public.  All donations are tax deductible.  Thank-you in advance.

 
SHOCK EXCHANGE EARNS STREET CREDIBILITY PDF Print E-mail

In June the Shock Exchange's 12U, 13U, and 14U/15U teams began play at Brooklyn's famed Brower Park and Dunker's Delight at Wingate Park where you are awarded 3 points for a dunk.  With Nick and Ralphie, holdovers from last year's team, the Shock Exchange expanded the talent pool as it looked to put the local outdoor tournaments in the proverbial "choke hold".  With its spirited play, "never say die" attitude, and colorful name, the Shock Exchange has become a crowd favorite at both Brower and Wingate.  Winning the crowd at these parks is no easy feat, as the local fans (i) take their basketball seriously and (ii) recognize the real from the fake on the court.  The competition has been rugged at times but as the local competition can attest, America's Favorite Investment Ballers like to give as good as they get.  As we head into the playoffs, the team with the colorful name - "New York Shock Exchange" - expects to add to both its street rep and to local urban lore.

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Saquan goes into his dance routine at Dunker's Delight

 
SHOCK EXCHANGE GETS GOT! PDF Print E-mail

During the week of March 17th Coach Baker was just informed that two of his starting players from last year have been recruited away to play for another team in Brooklyn.  I have heard of teams recruiting other people's players but have never seen it first hand.  I have spent the past few years flying under the radar and trying to play it close to the vest about who we were and who was on my team in order to avoid "getting got".  But "snitches" are everywhere . . . always talking about what "had happened" and what they've "seen or heard", and they're ruining our communities.  The only people who need to know who is part of our program are our parents, players, and ultimately, our sponsors.  It's a backhanded compliment in a way in that other teams admire our players and our program to the point where they feel compelled enough to try to steal our players away. 

Ironically it all happened during the most important juncture of our program, the week of Shock Exchange Comes to Harlem where the Shock Exchange has been asked by city officials to defend Harlem against the interlopers.  But anyway you slice it . . .  in the name of Omar Little . . . "We Just Got Got!"

 
Shock Exchange Almost Hits Jackpot In Atlantic City PDF Print E-mail

The Shock Exchange's 12U team and 13U team competed at the Atlantic City Classic over over the weekend of July 7-8.  Both teams had an impressive showing as they both went 2-1 and finished one game short of making it to the championship game.  The 12U team defeated a team from Wayne, PA and defeated the Delaware Magic out of Dover.  The Shock Exchange and the Magic were evenly matched as the Shock Exchange held a 7-8 point lead throughout the game, only to see the Magic fight back to tie the game late.  The Shock Exchange could have folded but instead, dug down deep to retake control of the game and pull out a six point victory against a very game and determined Magic squad. 

 
SHOCK APPAREL NOW AVAILABLE PDF Print E-mail

During early April, models Jazzbenz of Virginia State University and Shanice of Virginia Commonwealth University came up to the City for a photo shoot to display our summer apparel line.  We looked for several locations for the shoot but finally decided on Times Square, given its univeral appeal.  We also spotted an aspiring artist wearing our signature Baller Boy Cap in Mid-Town Manhattan, so we included him in the shoot as well.  Look for the our apparel in the "apparels" page of our website or at a retail location nearest year.

Apparel
Shock Exchange Team Jersey adorned by Shanice . . . Shockalicious!

 
Shock Finishes Second In Hoop Connection (2006) PDF Print E-mail
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Front Row: Marquis Rawlings, Nick Smith; Second Row: Coach Fitz, Matt Becker, Carl Stanback, Larry Ellis, Tyreke Ellis, Malcolm Goldiner; Back Row: Fred Becker, Mrs. Becker, Carl Parker (Carl’s dad), Coach Baker, Chris Smith, Roxanne Jones (Malcolm’s mom); Not pictured are David Munnerlyn, Alexander Williams, Stanley Peacock, Jr. and Ralphie Baker III


After entering AAU tournaments in New York City, New Jersey and greater Philadelphia areas, the Shock Exchange ended the summer by placing second in the Cassandra Roland summer tournament sponsored by Hoop Connection. The Shock Exchange competed in the 13U division, though the squad included three 13 year olds, five 12 year olds and three 11 year olds.
 
SHIRTS VS. SKINS AT POLY PREP COUNTRY DAY PDF Print E-mail

Poly Prep
Coach Mike Williams shares some of his 20+ years of coaching.


The Shock Exchange held try outs on April 21st at Poly Prep.  Over 40 boys from grades 6 to 9 came out to "show and prove".  The future investment ballers ran through some dribbling, passing, defensive, and conditioning drills.  It was all fun and games until an old fashioned contest of "shirts vs. skins" broke out. 

 
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