Is The Market Chaos Done?!?!
AMC, GME, LCID, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 167
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So, oh yes, okay, now uh two times two hello, hello, hello, as you can tell i'm about 85 on the way there i'm almost recovered. I just need to shake out whatever the hell is going on in my uh sinuses right now, but folks we are back at it again daniel. It is monday december 6th and we're kicking off the first full week of training of december. Let's get after it, we got some.

We got some movers, we got some shakers, we got some shaken bakers going on today in the market um, it seems like this morning is a morning of like quite a bit of news. So if you're watching the crypto market over the weekend that that sucks, it was not fun. I was just sitting there and it was dipping and dipping and at one point people were buying the dip. But now it's still - i don't know.

I don't know. What's going on and we got to get some nice momentum built up uh not only in the equities market but also in the crypto market, and i have a a couple theories of really what's going on. I guess my own humble opinion on the crypto market and obviously i'll be sharing that in a bit, but let uh, let me get you guys all set up for the day. Let me get you all prepped up, so you know what to expect when the bell goes: ding ding, ding in about 25 minutes, so, first of all a little bit more green um.

So we have tech a little bit down, but the overall market and the dow in the green oil right now trading, again 68 bonds, a little bit higher, so uh a little green and let's just hope that we end up seeing more green by the time. The market actually closes today, so what you need to know overall, dow set to rebound after its worst weekly losing streak of the year. So i particularly think the dow is a silly silly benchmark for the overall market. So we talk a lot about the s.

P. 500, that's 500 of the biggest companies within the us. The dow was just 30.. So to me it's not a big enough data size.

It's just like kind of like the 30 goliaths of the us market. Then you have the nasdaq 100. I like that, it's 100, but it's also a little bit more tech focused and then, of course you have the russell 2000 2000 small cap. So out of all of those, i glean more valuable data of what's going on opposed to like the dow 30..

It's just 30 big guys and obviously there could be a disconnection between what 30 the biggest companies are doing and the rest of the entire equities market, but regardless, yes, last week was very rough. We all lived that in real time. It was painful, and i hope you take some positive lessons from it. You learn about motion control, uh risk tolerance control.

It's not! I think a lot of people get into this game thinking you could buy and like it just goes up up up up. No, there are going to be those bad periods, very red periods where everyone is getting hit. Everything is getting hit and you have to be nimble. You have to keep your emotions under control, stick to your trading plan and also, i hope, you've been here long enough that you start to realize that you can make money in more ways than just buying an equity and hoping that it goes up uh.
There are many many ways to make money in varying market conditions, so i'm hoping that you are employing some of those to help keep your p l, even uh at maybe like just above water or hopefully even more green than it was before so with the insanity. In the market - and a lot of this has to relate to fears over the government, they could have shut down. They didn't shut down um fears of what's going on with the unicorn flavor of the newest flu going around. We do have some positive updates on that, though, seems to be not as severe for the people who contracted it.

So obviously, some positive development there, but beyond it obviously inflation along with bottleneck issues, supply chain issues, has been a serious pressure, a serious downward pressure on the overall market, and a lot of this relates to bitcoin bitcoin, now down 30 from november's all-time highs. So yes, when you get in the world of crypto and honestly many of the equities that we enjoy speaking about there's a lot of volatility, a lot of volatility, which means you have to be mentally prepared for it. But also your training plan has to include the scenarios of how are you going to handle it just so if the time does arrive, you know what you're going to do now with crypto. I think there's a couple things going on.

First of all, with the federal reserve - and actually i believe this might be the next story - increasing the rate of tapering - that's going to make high risk assets such as crypto seem less favorable, so obviously that's not going to be the best for the price. On top of that, of course, there's always just generic regulatory concerns. Yes, yes, yes, you always have the nature in crypto, when people are just over leveraged, so as soon as it goes down a little bit, they're actually down a proportionate rate more so they get scared. So it's one of those things that becomes a self-fulfilling prophecy and also we're in december folks, i think you have some people intentionally trying to lock in some gains and some losses for tax purposes.

This is what happens in this time of year. People are shuffling things around to get things to be the most advantageous situation they can for themselves because they have to do it within this month to like wrap up the tax the year. But, yes, it is down, it is down. It is down for me very, very similar to what's going on over here in el salvador.

The president with the country just bought another 150 coins. They are loading up on it. I'm in agreement - i'm not, i didn't get it out of any of my crypto. I i'm holding him and i've been very, very clear about this.

I think in crypto the dips are to be bought. Uh they're gon na come around. You just have to be patient patient patient. I look at crypto as a long term, hold multiple decades down the road i'll either be super right or super wrong, but i don't look at it as a short or medium term play something drastic would have to happen for me to be like.
Oh okay, maybe i'll lock in some gains here, wait for it to come back down and then re-buy, maybe something along those lines, but as of now no way whatsoever. This is just par for the course, and i think it's a good learning lesson for people who haven't been involved in a 30 sell-off major shifts at the fed could see, speedier and to ease easy policies. So this is kind of interesting. Prior to november, the federal reserve set up a system that was buying a hundred and twenty billion dollars worth of basically bonds per month.

So the idea was to taper that all the way down to zero to help battle inflation, they were doing it originally to help with unemployment. So in november they cut that down by 15 million, and then they also announced that they want to do another 15. In july, so that would bring us er, sorry, not july december. That would bring us down to that 90 million, and ideally the tapering would be completed by that june july time frame.

Well, now, there's actually, instead of doing the increments of 15 billion, adding it up and up and up they're, actually thinking about doubling this up to 30 billion, which tells me, i guess it's kind of interesting. I think they're through this decision, signaling that they are actually like understanding how bad the inflation situation is getting out of hand and they're going out of their way to speed things up to get a little bit more hawkish. So when you, the previous policies, the terminology that's going to be referred to, that is dovish. So that's very, very good, for i guess the unemployment number, but not so good for inflation and then the opposite.

End of that is very hawkish where you're kind of battling inflation, but your decisions might be negatively impactful to the unemployment number. But anyway, it seems like we're on this gradient of going from dovish to a little bit more hawkish and when i say gradient, they were extremely duffish like they were as dovish as doves come and now they're getting a little bit more hawkish um. I would say to a notable degree that they're doubling this up, but this tells me that in those back door meetings when they're talking about what they should do and they have access to all the data points and everything. I think this is a signal from jerome powell and probably janet yellen, that no like this inflation thing is actually pretty considerable and they're, trying to basically put a band-aid on a gunshot wound and hope that that helps.

But this does all interplay with everything else. What we're seeing in crypto, what we're seeing in the overall markets? This is all like one big concert and you have to be able to connect the dots to see. What's going on on a bit of a positive note, health officials say early reports encouraging about unicorn. So basically, the symptoms seem to be not as severe.
I believe. Even dr fauci was saying that, like the initial data points are pretty promising, so that's good news and not so much related to the market. I guess in a certain way, it could be because of political tensions, u.s expected to announce diplomatic boycott of china's winter olympics. That very quickly seems like it's going to be uh come a political bag of worms um, but i just wanted to share this with you.

If you're like me, i i very much enjoy watching all the olympics. I always think it's fun, but um yeah. This is just something you need to know about re, not related to any of that right. Here there was more information.

I just wanted to say. If you wanted to read this on cnbc, you could get more of the details. This was coming out last night um, so it's just the winter olympics. It's not a stage for politics, so it's just becoming a political mess.

It is, and i'm probably not informed enough to have like fair commentary on it, but yes, i do think that everyone should try to get to that level. So please read: do your dd similar to the market, where you should be informed uh before making any decision? I don't think it's really that far off for any political commentary be informed. Do your do your self a service by knowing about like, what's actually going on um? I think that's important for everyone. So no news on this, but this is kind of interesting.

The new york stock exchange shakes up senior management with lynn martin, replacing stacy cunningham as president, so the new york stock exchange the biggest slid exchange getting a new president uh it'll be kind of interesting to see what lynn martin here is supportive and not supportive of Worthwhile to dive into but new york stock exchange getting a new president. Now before i get into the specifics of like kind of the amc and gme, i thought it was always fun to just kind of start sharing other random things. I find, as i'm doing my news, research risky levels. Australia is the drunkest country in the world according to some survey.

Now what does this have to do with the market? Honestly, nothing. I just thought it was an interesting story to share with all of you that if you um are in australia, you are also in the drunkest country in the world, so yeah, i i still thought it was important for me to share that with you beyond this. A little bit more stock related a couple important things happening this week. So on friday we have the cpi consumer price index.

That's a good! I guess data point for inflation that comes out on friday on wednesday. We have game, stops earnings report once again, that is on wednesday on tuesday. The president of the us is speaking. Is he a president of russia he's speaking with putin? Is he technically a president? I think he is so that's on tuesday buzzfeed is going live through a spec deal, but there's like almost no excitement behind that one that's happening this week and i thought i had one more thing for you um.
It's escaping me. It's escaping me right now. If it comes to me just another like thing happening this week, but those are all things that might be of them - i don't know some level of importance to have on your own stock market calendar. Now, let's talk about what's going on with amc, we got some breaking news.

Two hours ago, adam aaron, given amc's spider-man nft success our first ever nft. I am thrilled to announce our second ever nft all self-identified amc shareholders, who are members of amc, investor connect and those who enroll by december 31st 2021, will get this handsome nft for free and you have it right there. I own amc so there's some people, some negative nancies out there. If you will who are already like kind of i don't know, they're being negative nancies about it and they're pointing out fair things, but hang on.

Let me explain what i think is going on. So yes, self identified: if you go to amc's investors connect it's it's a checkbox. Do you own amc? Yes or no? Yes, or no. You just click.

You don't put the amount you own. You don't put anything like that. There's no verified thing! So will the amount of nfts given out somehow be a valid data point for potentially knowing how many shares are actually being on like traded on the market? No, not at all self-identified self-identified and you just get one if you are an owner. So if anything, it's a closer count to the amount of unique individual owners rather than the amount of shares of amc.

That's not what this is for whatsoever and there's a lot of people who are, i don't know for lack of a better word like pissed off about it. They're like right now. I want everyone to have an like an nft per share out there. Folks, this stuff does not happen overnight, especially especially when you have a cohort of people who are saying they exclusively want to do this to squeeze the shorts.

You can't do it for that. Do you know how much of a legal nightmare that would be for adam aaron and the entire leadership team at amc for everyone saying we want this to squeeze shorts and they're like okay? Well dude, you can't do that. That's manipulation that you the way i see it. Adam aaron and the leadership team is leaving the breadcrumbs of one of these days when we actually get some sort of blockchain, backed like legitimate count of the shares they're.

Creating a history of they're like no we've, already been doing stuff like this. They can't go from not being involved in crypto and nfts at all. To doing this thing and the only rhetoric on it is we want to squeeze the shorts that lawyers would have a field day. Suing amc, if that were the case.
In my opinion, what's going on here is they're building up a legitimate history of saying no we're just kind of involved with the nfts. This is how we do our thing. This was a natural progression step, i'm sure they have an entire team of lawyers. Looking over all of these decisions of what they're doing and i'm assuming that this is the legal advice that they've been given, probably by sec lawyers of do it this way, do it this way, there are proper ways to do things.

There are improper ways to do things and to me it seems like what adam aaron is doing is all through the proper professional channel, where we don't have to worry about any legal backlash. Is it happening as fast as we want it to no, but that's life. Folks, that's like that's life. You're, not gon na get everything you want the moment you get it.

I think that's a hard lesson for some people to like truly accept, but hey it's progressing in the right way. I have faith in not only adam aaron, but the remainder of the leadership team same with ryan cohen and the remainder of the gamestop leadership team. I'm happy with this we're seeing progression in the right direction. Um.

Are we taking leaps and bounds in the right direction? No, but we're at least slowly and surely stumbling in the right way, so i'm more than happy with it. So is this going to be the end-all, be-all thing? Self-Identified? No! No! You just click a box and you're going to get this nfd and you have all the way up until december 31st to get it. So the data point involved in this particular thing does that is that going to help us, no not at first, but look at the writing on the wall. Look at the path that is currently being paved by adam aaron and whoever is giving him this advice as we get further and further into crypto and blockchain um.

I think it's exciting it's going to take time, but i definitely have faith in this leadership team. If you want a little bit more detail, you can find out the full posting here on business wider for those of you who are a little bit more into wanting to know about, like the crypto side of things they partnered up with wax worldwide asset exchange. Um. That's where it's going to be delivered through once again wax.

If you search this uh, here's the title, amc theaters and wax issue new exclusive. I own amc nft to all existing new members of amc investor connect. You can find this on business wire. You can also find it on amc's website when they have their like their pr relations with investors.

So if you want the full write-up of what is or isn't going on um, you could check that out. I highly encourage you to check it out, especially if you're an owner of amc, but on top of that just so you know, if you are not signed up for this investor connect, you have until december 31st. You literally just click a box and say: yes, you own amc, and you will then be getting this nft a little bit after the market opens. I want to talk about public um, the exchange that i've been taught right here this one.
It's also pinned to the top of chat. You get free stock when you sign up free trading and, what's so cool about this is we know it avoids market makers, but what's so incredibly, cool is they're being as transparent as they possibly can be they just now that they don't do payment for order flow. They gave a full data breakdown of what's going on check this out. This stuff is wild.

We currently execute across 28 different venues and execute and execute 70 to 75 percent of our shares on lit exchanges. We executed the remainder on ats almost entirely in the cases when we are able to find midpoint execution that is better than we'd find on linuxchanges. So a couple things to say here on public, where you just as soon as you get it you're good to go. Uh, you might want to turn off your share lending, which is just like an automated system.

70 to 75 percent is being executed on a lint exchange. This is very, very close to the canadian trade at system. I've been talking about so basically in canada, around like 10 to 15 percent, don't go on lit exchanges and the only reason they go off exchange so right. At that point, you have 85 to 90 that are on lin exchanges.

The reason they go off exchange is the same reason of when you can find a material price improvement. That is a regulatory like that's a rule like they are not allowed to give you a worse ex, a worse execution. If they know they can get you a better execution somewhere else, but what's crazy about this, with that rule in mind them trading on lit exchanges without payment for order flow 70 to 75 of the time, they're getting a better price on lit exchanges, and that's not Even in the canadian system, where it's set up for that, that's in the current u.s system, where everything is set up to go off exchange. So the fact that they're, already fighting against the grain and 70 to 75 percent of trades are already getting a better execution quality online exchanges.

To me, the data presented in this write-up legitimately blows up the discussion of like what market makers are doing and like it's. So much incredible price improvement. I would not be surprised if this right here is the start of public becoming the most dominant free trading brokerage. I really really wouldn't at all.

They are pulling it off. There is no payment for order. Flow 75 are being traded on a lid exchange and they're getting better execution on lit exchanges than anything else. This goes completely in the face of what citadel tells us, what vertu tells us? What mainstream media tells us of like? Oh, like robin hood and weeble they're, so good for everybody.

This is this is how you get better prices. It's free, no public is free trading and they pull it off on lit exchanges. The only time they go off of a lid exchange is when they're legally forced to because they have a better midpoint execution. This is incredible.
This approach is working. We're able to deliver better prices for investors in aggregate than the payment for order flow based model. This is based largely on delivering significantly better prices for meaningful percentage of our investors order. I love this.

This is this is so incredibly awesome once again, there's other information in here if you want to get into the weeds, there's a good chance i'll, be speaking about this in more detail in the afternoon stream of going over the data and the data points, but the Main takeaway that i'm like really getting from this is that you do not need to have payment for order flow to have better execution, so i'm a big fan of it, i'm happy to say that i've been on public. I think, since august august i think is when i made my account, but yes free trading free to sign up you get free stock when you sign up, and you can be confident knowing that you are getting very good execution 75 on of the time on lit Exchanges but the other extra time they're going to ats they're, never ever ever going to market makers ever going to market makers. That's in the article i highly recommend you check it out. If you want to find that article, you should go check out um, i retweeted it, but it was a tweet from dave lauer and he retweeted that blog post of the write-up of what's going on.

But if you want to check out public, it's pinned to the top of chat they recently rolled out their for a while. It was exclusively a phone up, but now they rolled out their web app. If you were an option, straighter public does not offer options just to be like completely frank with all of you. If you enjoy options and you want to be an options trader public is not it's just for stock um.

I think sometimes that's actually good, because i think sometimes, when you don't even have access to options, it may be it'll, be able to save you kind of like from yourself. If you find that you're trading options too much and continually losing money, you might want to be on something like public and, in the meantime, work on, like a paper account for your options, trading on something, like i don't know, td or ib - to really hone your Levels all right now we have a couple minutes. People i see a lot of people discussing lucid, lucid is down. Yes, there was some news on it right here.

Uh right here, lucid is training lower. On monday morning after the company said, it received a subpoena from the sec requesting documents related to an investigation so right there. That is not the only one tesla kind of a similar story scc has opened probe into tesla related to whistleblower claims on solar panel defects. So tesla another scc pro this one for solar panels and then lucid announcing that they are also they received another thing from the sec, so both lucid and tesla getting some potentially worrisome news nothing's coming out of it.
Yet it might be one of those things where they get cleared and the stock bounces right back up just so, everyone knows, but both of them did receive information from the sec that they are being investigated once again, that is lucid and tesla. Where are we at um prague all right? Actually, we have a minute left. Let me drop to the one minute, the bell's, about to go. Ding, ding, ding, all right.

Let's see what kind of day we're gon na have it's been a rough go of it lately, but maybe some buyers are gon na finally be stepping in that would be nice i mentioned this earlier, but for the people who are pouring in now, don't forget that Gamestop has its earnings announcement on wednesday of this week december, 8th all right. Let's get going, we have about 10 seconds till that bell goes ding ding, ding, ding, ding ding. The casino is open. All right, whoa amc out of the gate.

Enthusiastic this morning i like that tesla at a thousand rivian 105 nvidia 296 hood down to 21 bitcoin 48 000 ethereum 4000 solana, 183 manic, one 1.83, sheep 34 loop ring 1.91 cardano 1.31 man, cardano has been upsetting me. It it's getting really beaten down, but i'm not getting out i'm holding i'm holding good morning what evd ev dips look good from the long play trying to beef up my portfolio with a longer play um. I still believe any major dips in lucid and tesla are to be bought, but you don't know that this. This is the extent of the dip, especially because, like the market is still like a little bit precarious, so i still think it's worthwhile to like pay attention to.

I just don't know if 9 31 on december 6. This is like the time to buy the dip. You might get a better dip uh. What are you talking about burns, but like in newborns? Can i make a suggestion whenever we sing to sports level i'd like to see videos of moon game dancing in their pants played at stream plays or pics of their dogs burns what's going on today? Man? Are you okay uh, so some people asking about cfvi so shout out to everyone on rumble uh, so rumble is going to hit the public market through a spac acquisition with cf acquisition, corp cfvi.

Obviously, when it all goes through, the ticker will change, and if you own cfi, you don't have to do anything you'll end up. Just oh, like it'll switch for you um, but yeah cfvi. Ever since the announcement announcement some craziness, it was sitting at 10. Currently, at 14 people are excited about it, so this all relates to rumble a competitor to youtube.

So if you actually are on rumble right now, shout out shout out shout out your stock's doing pretty well, your stock is doing pretty well uh. What else do we have uh? Some people are asking about. D-Wack d-wack is up today. There was actually some news right here.
Digital world acquisition shares are trading higher after the company said. It raised 1 billion of investment to fund the business um, so they got some funding, so some positive news right there for dwack. I currently have no dewack position just so everyone knows i don't have any cfvi. I am obviously long on amc, i'm long on gme, but uh.

I don't own either of these two on the bottom, i'm curiou the qs are having a struggle. Today, the queues are struggling man - oh man, this overall market, this overall market. So right now we have an inside day on friday it was a bit wild um. It ended up like recovering a bit at the end of the day, which i like, but right now, no obvious trend.

We have support at 453. We have resistance at 460., we're at 455 and some change. We have to wait. There is no obvious trend in the market.

The queues are notably weaker, so you see some money leaving more of these high growth. So i tells me a little bit. People are getting like concern, you're, seeing that also in yields and then also right here, the russell uh it sold off. Hopefully it can catch itself, but this has been getting absolutely hammered.

Unfortunately, this in my book is like really what's dragging amc with it, because amc is the biggest equity within this particular basket of stocks, the entire russell 2000. So when you see the entire russell selling off, that's naturally going to drag amc with it. Wow come on the markets. What are you doing today? Fortunately, at least amc is trying to fight against the grain today, fight against that basket that it's in you don't see this too often, so i'm hoping that russell can turn and just help push it up.

Talk about citadel's, tweets and comments killed me: did they just recently tweet citadel citadel citizens, securities uh their tweets? I don't i'm not seeing a recent tweet from them. Congratulations on all partners who listed on the new york stock exchange in november. We're proud to be your designated market maker. I think it must have been through some other some other.

I guess like medium j cool uh, what i guess like social media medium were they on? Oh man, things are going red. Are we gon na? Have another bloodbath of a day: where are the buyers in this thing? This is just it's so red the market selling the russell selling and then like, then it ends up dragging everything with it. Who is john all right, we're gon na kick him for spamming. Um paper hands: i invested in a movie theater during a virus pandemic, just in case you're keeping score.

Uh amc is up one thousand two hundred percent on the year, so if you bought it at the start of the year, you're up an ungodly amount. Let's not forget that, let's not forget some cold hard facts of how much amc and gm are up on the year. Matt i get, you can't tell people what to do and diversity is good, but if everyone focused on amc knocked it out, then moved would work. What are your thoughts uh? I? I don't agree with that.
I don't i i've been in the market for long enough to know that to be myopically focused like that, especially with your finances, like all of your money on one thing: um, it's just not a proper way to engage in the market. If, if you want to that's fine, but i i don't know i've, i've had this channel for long enough that, like there's so many cool things going on day in and day out, um, i i guess i don't know what you mean if we all focus on Amc that that sounds like manipulation. That sounds like everyone's, like, oh we're all going in on this, everyone has to buy it. Everyone buy it now and that's like what this community does, that would get shredded apart.

You buy things that you think have value. That's if you think something is undervalued, whether fundamental or any other reason you buy it. If you think it's undervalued um, i have my amc. I have my gme.

I have a myriad of other equities and cryptos because i think there's things that are undervalued that i'm more than happy to hold for whatever amount of time and um. I don't know this this concept of, like you can only talk about one thing, i i i guess i just don't get it uh. Your audience is here for an amc squeeze know your audience uh, you might be david, but there's actually many people who are in here. They want to pay attention to gamestop, and then i even have new viewers who actually don't even have aimc or gme, and they want to know what's going on in the overall market or they want to talk about crypto, so david, you might hear like be here Specifically for that, but um, that's like you and like it's almost like oddly selfish, i mean david, like look, how many people are like yelling at you right now there there's that's! What's so cool about the market, i love the market because there's always opportunity.

You just have to know where to look there's so many people in here who, like yeah, maybe you first found out about what was going on with amc and gme, but there's so many cool things to learn about there's so many cool ways to make money and For me, it's like this big puzzle of. Can you figure out like what's going on in the world? Are you making a good bet on like the future trajectory of society, of culture of technology, of whatever industry? To me, it's a gigantic puzzle. I don't know i i'm just so passionate about, and i like this whole thing and that's why i get so particularly angry when i see these things of manipulation and insider training and just like abuse because they're ruining it. That's why i care so like that's why i was fascinated with the story of amc and gme, because i'm so passionate about the market itself and what it represents.

And then, when i see people like breaking that game and and cheating on that game, it's frustrating because they're ruining it for them for themselves and for everyone else, it's so incredibly frustrating, especially when i like truly care about the market, because, like i like symbolically what It represents like the market. There have been very few things in the history of humans that helps you build wealth and go from like one financial class to the other, like wall street like they're they're. I would it's tough to come up with something that helps you. Transition, your financial class so efficiently and so quickly like wall street.
So i'm not here to say like down with wall street. No, i think it's one of the coolest things ever to help people in their lives and then, when there's people that are abusing that system and ruining it for everyone else. Well, that's like what's particularly frustrating, and we obviously so obviously saw that with gamestop in january. Like people who were trying to ruin the game for everyone else got caught and that's what it led to it, and not long after that.

People started to point out issues with amc, but if you think that these illicit acts exclusively belong to amc and gme, i like i don't want to be the bearer of bad news. But this type of stuff happens all the time um and also, if you just think the only if you don't even care about that, if you're like okay, like whatever that's like idealistic, like good luck with your like fight mat, but i'm just here to make money. Okay, there's a lot of other ways to make money besides amc and gme, especially in these periods of consolidation uh, that, like we've, saw like we've seen for certain weeks certain months, if something's consolidating like you're not going to be making that much money on it. So, no matter what you're in it for there's a much bigger world than amc and jimi.

I love amc. I love gme. Of course they have a special place in my heart, but i'm it would be reasonable. I guess had a certain sense to give amc and jimmy updates.

If i did like video uploads and like it was just like a daily upload, but folks i stream for hours a day. It's just people are gon na get bored to death. If i like exclusively watch stocks, that, like some days, are doing nothing when you're streaming and you have a show and you're talking about what's happening in the market, you have to talk about what's happening in the market some days that involves amc and gb other days. It doesn't because some days, they're they're, just not the news of the day, so i have such a passion for what's going on in the market and sharing my knowledge of it and hanging out with all of you and all of you awesome people a lot of People are in here because they want to know what's the movers and the shakers of the day and what's the news of the day, and how can they use that to make more informed decisions and what does it actually mean without mainstream media lying to them? So many people, i think in the most general, in the most general sense, people are here to improve their life most likely their financial life like if we were to get a little bit more specific to me, it's weird that people are acting the only way you Can improve your life is from amc and jimi well but like.
Why, like i applaud people, i'm in amc, i'm in gme, i'm also in many other things, i'm in apple, i'm in microsoft, i'm in tesla, i'm in draftkings, i'm in crypto, i'm in a lot of crypto uh. Whenever i see people who are successful in this, i seriously congratulate them. They took a risk and they improved their life uh last week in the discord they were killing it on alibaba and on apple i said alibaba and apple. Neither have anything to do with amc or jimmy, but they made money.

They made a very good trade. They had good technicals. They had good reasoning, congratulate them, like that's so cool like folks. If you're watching this, you weren't born into that one percent, you weren't born into the silver spoon situation in your life like we're, we're all on the same side of it and then all of a sudden, when someone's so fortunate to take a step to like improve Things what people are trying to claw them down because of like some weird jealousy that they made money in a way that, like you, just didn't catch, ask them don't be mad at them.

Ask them what they saw and how they did it. So maybe you can do it the next time? It's i don't know this is i i guess to put it simply, this is not an amc and gm show. I will talk about amc. I will talk about gme because i think they are show clear signs of manipulation.

I think they show clear signs of opportunity, but they are not the only things in this world that show opportunity or manipulation and when i see opportunity or manipulation. I'm gon na talk about it. Uh forget matt talks about craigs instead of forgot, matt talks about greg's instead of stocks. I mean i was answering chris's question.

This channel has only one goal: get this video to 6969 likes uh shout out cole. My portfolio is up over 45 since i started listening man. I appreciate that you discuss a myriad of stocks. Please keep doing you shout out stacy i always will literally always.

Will i thought this was a relationship advice channel? What are my thoughts on the crypto discount? My thoughts on the crypto discount are it's exactly that, but i do think in the short term, there might be a better discount in the short term, um, so medium term long term still bullish, but right now just looking at these charts, i see a little bit Of heaviness see how they're all like kind of bouncing. I want to see how they all react to the next level of support and see if we have some buyers there, i'm particularly interested in avalanche um avalanche has nice support at 80. I'm a fan of avalanche. I don't own any avalanche yet, but i'm thinking finally, i've been waiting waiting waiting.
I didn't want to buy it at an all-time high. I might finally finally get that opportunity to get a nice price average on avalanche. Can you please explain maintenance margins, i'm about to get called so yeah. This is a risk model that brokerages are going to have and they might compute it in a separate manner, but um, it's basically how much money you have to have in your account, based on how much your brokerage is currently lending you for that position.

So it's really a risk balance for the brokerage of like okay, like they're betting, this much and they have this much in their account. So if the bet starts to go against them like we might require a bit more money um. So if the positions go in your favor you're, going to trend away from your martin maintenance margin line and if it goes the other way you might have to like deposit some extra money in your account, can you take a peek at palantir and mmm tttr been Blessing, i don't have to see the next support is that mmtr seems cheap right now, all right so palantir uh i'd be watching 1750 on palantir, it's get, palantir is getting pretty, beat up uh. We were talking about this, and actually this was an unusual whales.

Alert. Last week a 15 put on palantir, so that's actually paying some nice money. I i didn't personally take that trade. I would be watching the support at 1750 mttr airport uh.

I would my first gut instinct is to watch 20 on this one. I guess you could say it's actually at some support right now, uh, so you said that it's cheap, but it's actually still like kind of pretty high from like at ten dollars. I think this was a previous spac acquisition. Um i mean it's still up a pretty nice percentage, so i don't know uh like what is or isn't cheap.

I don't know anything about the like the revenue or the cash flow for this particular company. So it'd be tough for me to say, like what's cheap or not cheap from a technical perspective. It's at support. Now, if you can't hold 23.50 i'd, be then watching 2050, but for it being quote, unquote, cheap or not, i i would have to dive into the fundamentals and look at its competitors.

You often talk about having a plan for every trade does bloodbaths like we have effect that uh just hold for the rebound um yeah. It actually does affect that because technically you you should have that training plan where you get out whether you capture your profits or you hit your risk, tolerance before you're, a member of said bloodbath, and then you have the capital to buy the dip. When the man starts to return, so the entire point of having that training plan is to like avoid the blood pass like you, don't want to be involved in it. Well, i i guess maybe another way i can put.

That, though, is like. Maybe your training plan is i'm not selling this no matter what so, then, you have to already know that, even if there is a bloodbath well, you told yourself that you're not selling, no matter what so it doesn't matter. So i guess you could look at it in even a higher level view of where, if you have the plan, you know you're how you're going to react in any situation. So maybe your plan is to get out at a certain percentage drop or, like i said before, maybe you're super happy with whatever it is that you're in that you're, just gon na hold and hold and hold no matter what? So then you don't even care about said bloodbath, and i guess that in a certain sense would be like, i guess, coming back to the whole diamond hand, methodology if you know you're diamond handing a certain stock.
Okay, if it's green or red it. It just doesn't matter you you really if you're diamond handing that training plan. That's incredibly easy, you don't need to watch the chart at all like very legitimately. If you're diamond handling, amc or gme like do you need to watch the chart like do you need to pay attention to amc or gma at all? You could pay attention to the market for other things, but if you already know your diamond handing, what does it matter if it goes up or down like if anything, that's just taking time from your day and it's trading, your emotional energy? If you already know you're not going to sell whether we're up 10 or down 10 at a certain point, what's what what's the point in even watching the chart, then uh? I think they can ruin me with a minus 30, once i had a pet rock found on the beach carried it around for months, took it to the bath with me, and it was talk.

Oh man check out hud. I bought last week more attendees for amc. Training is halted on the uptrend, all right hud. I will have to check that out.

Shout out charlie h-u-d-i, crushing this trade from last week. What is this? I don't even know like what sector this is in, but you're getting a nice push above if he can hold above 20. This is looking great congrats man. This is the first time i'm hearing about it, but you're, crushing it bought pen and paypal calls for june 2022.

Last week, while you weren't talking about amc um up 20 on both t hill, crushing it crushing it crushing it. Congratulations. Man matt i made over a thousand percent of my 950 puts on tesla. Let's go unusual whales, brian crushing it shout out matt pickering.

I have to check that song out. Uh haven't been in the channel since really the june amc madness did you enjoy some of the earnings uh? No, i mean i recently actually had that on twitter i mean i'm not really locking anything in um, i'm in it. My i'm also, i mean money or no money, i'm not a person who really i don't know, i don't really have too many like hardcore materialistic desires of like oh. I want this car or something like that.

I i think, there's a lot of people, particularly guys who, when they like get money like they buy themselves, a nice car folks, i still have the same corolla. In fact, my corolla, the like the side, mirror recently just got the like, destroyed out of it uh by another car. So i need to go. Get that fixed, but folks, my big purchase in this year of my youtube and like, let's call it financial success.
You want to know what my big purchase is. It's my work computer. I spent four thousand five thousand dollars on this computer that i'm currently using um. That was my big purchase.

I just i don't know i'm not i i guess. Maybe i go out to eat more, but i i don't know i haven't. I don't do vacations, i don't buy things, i don't. I don't know it's just not me.

That's i, like my corolla, i like my life. I don't need other things. If anything, i um, i think the coolest thing about some of this is like. If you use capital as a tool, it's open certain doors of things i've wanted to do.

In my past, i have like some ideas in the back of my head of some. Like data platforms that i thought would be very useful, but when it comes to data platforms, uh it's very expensive to pay engineers to pay for the data to pay for the fees like all of that type of stuff. So i kind of look at it like that of when i see money coming in i'm like okay time to pay off student debt and then time to save money, to build another platform that i think could be beneficial to a lot of like retail people um. I guess that's the way, i'm i don't really like a things kind of a person.

I'd rather buy or spend money on like an event like to go to a cool concert to go to a cool like stand-up show, to see a broadway show uh to go out to eat but like to buy things. I move too much. I move too much to buy more things, 20 years old and 451 shares of amc. Let's hope i can get rich young shout out she's there wait you mean to say with no spending.

Your wallet has increased in density. I mean in a certain way. I suppose i spend i spend by switching it over to my brokerage account and just buying stock, that i, like amc, not leaving love your map by the way 10k east by end of december dk records. That means that aetherium is about to have a very wild december if, in the next, what 25 days it shoots up, six thousand more after mo s, yolo and all on weeklies lol jk after the mo s like just double or nothing, take it all to the Roulette wheel, why is this not loading, hello, vertex or texas? Thinking all right hang on hello? Okay, there we go so here are the ortex updates uh.

This one is for amc uh. The estimated short interest is actually increasing we're at 17.5 percent uh. This is slowly but surely been going up and up and up, but over ever since november 23rd till now, at one point: hey, let me get. We went from 15.25 all the way up to 17.44 right now, that's for amc and then ford gme.

Let me give you the same thing. I think i have to reload this page uh estimated to be at 11.45. It went from 8.26 up to 11.45 in roughly that same time period, so we're seeing the trend of amc and jamie's short interest, go higher and higher and higher uh. Very thus far today super strange action.
We completely sold off and then bought right back up like just a weird v-shape thing going on. To be honest, i'm worth half a million dollars. Yet i walk around like a hobo shout out dk, all right, uh, hey! What's going on, don't forget! Uh! We do have a backup channel. I saw some people saying that youtube was lagging for them a bit uh.

We do we're multi-streaming right now to twitch matt, underscore coors and then also rumble check out. Rumble rumble is the one that's getting a lot of people excited because it is going public and it's becoming a very legitimate, legitimate competitor to youtube at this moment in time december 2021. It is smaller it's about a tenth of the size, but as there are an increased amount of complaints of censorship from big tech and things along those lines, i mean i've seen it myself. I've been terminated from youtube three times for something.

I never did um videos that i am being lied to mainstream media and big tech and rumble was created in the idea that hey we don't like that. We are going to fight against that and we are going to let people as long as it is still within the letter of the law. We're gon na give people freedom of speech. Look at that literally i'm getting lagged right now, as i say it, that's insane as soon as i start talking about it, it like gets messed up on youtube.

That's nuts! So yeah check it out. Oh, oh! Oh folks, i posted something on tick, tock, tick. How do you even get into it? Can i even get in on the web? Tick tock.com, i think so. Uh view profile.

Oh my tick. Tock has eight views. Man, you can say i'm pretty much. A tic toc influencer eight views.

I bet that's some sort of record that that's probably a record. Does anyone on tick? Tock have more than eight views because, like that, that's pretty good, pretty pretty good! I hate views. Prague will be a hundred billion dollar company one day today. I'm just glad it's approaching green been rough on us progress yep.

I am right there with you, i'm still personally holding my prog. I mean any of these things like if i get out i'm gon na. Let you know like i'm, not gon na. Keep you in the dark it's getting hit, getting hit pretty hard right now, it's at a nice level of support around 2 30..

Obviously, we also have this bull flag going on two parallel lines: one on the top on the bottom. It's in this downward channel we're waiting for it to kind of break to the upside, but what it's really coming down to right now and i think a lot of people are trying to get like understand the narrative of their individual equity when, in reality, i'm begging. You pay attention to the overall market right now. The overall market is 100.
What is like driving everything? That's like happening, uh, there's money flowing in there's money flowing out; that's definitely what we should be paying attention to. It's not going to be particular. I guess in a certain sense, to an individual equity when you have like the insanity of what's happening in the spy in the queues and in the russell amazing price on prague added. Another 2 000 shares shout out gorilla, champ champ matt is there a gap, fill play on tesla 900 from october 25th.

This is a great question. Yes october. I have october 22nd, oh okay, you're just yeah yeah between the 22nd and the 25th. I have a 910 dollars, uh gaps statistically get filled and i don't think tesla will be any different.

Have we talked about the amc nft? Yes, yes, we have uh. I made a quick little standalone video on it. If you want to check that out, uh. That's already posted on the main youtube channel, but basically it's not going to be the thing that drives.

Like i mean it, it's you can look at am or adam aaron's tweet the right here of why this is a good step, because they're getting more into nfts and giving their supporters nfts, but why this particular one is not going to. I guess expose any illicit action is because self-identified amc shareholders. So if you're just a shareholder, you get it. It has no direct connection to the amount of shares you own.

So it's cool and to me they're, laying the foundation they're, laying the brick work of what is necessary to one of these days, get all the shares tracked on a blockchain on a legitimate verified ledger to me. This is just another step in the right direction. So i like the concept of where we're going, but this particular step it's self-identified and it's just if you are an owner, you get the nft, you literally just click a box on investor connect like when you sign up for your account. You say: do you own sock, you click yes or no.

Amazing price on amc added. Another 500 shares shout out gorilla chip, champ matt. What do you think about hnt miners? I just got one um. Is that the actual hardware? What are the specs on this one? The mining agencies, people power network start a wireless revolution - is the hnt, is a cryptocurrency earned when hot spots provide and validate wireless coverage and transfer device data over the network.

Whoa. That's a really cool idea. Hnt is mined and distributed to hotspot owners, helium, inc and investors. So as people are using the hotspot, that's kind of cool, i, like the concept uh, i don't have one myself but uh.

I, like the. I guess, tactic that the team is going for there. That's pretty cool seems like a low price for them to be piling into shorts. Are they screwing us in the short term, by screwing themselves, harder when price rebounds uh yeah the the more shorts there are there's more powder in the keg for the explosion? So, if more shorts get in now and they don't get out uh yeah, it's more powder in the keg matt, it's tick tock you need to put on a thong play some silly stupid, funk music and dance terribly around a supercar to get views.
As long as my thong says, amc i'll do it as long as it says, apes, i just needed to say apes. That's what we need to do is like. We need to a new tactic for this community, who are those uh like the biggest tick tockers? What's your name, the like the demelio sisters or whatever the name is like those girls that are huge and don't they like, like dunking, coffee or something uh. We need to get them on board with amc or we need to find.

We need to go after the biggest people on all distinct forms of social media, so, like the dimelio sisters on tick tock, we need to go after, like the rock on instagram.

9 thoughts on “ep 167 is the market chaos done?!?! dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars St Michael says:

    Matt whatcha think of sandbox?

  2. Avataaar/Circle Created with python_avatars Ricardo Nunya says:

    I disagree. AMC can issue the tZero security token in one week. And there are plenty of legitimate use cases for it. It would only cause a squeeze if there are naked shorts. The powers that be, say there is no evidence of naked shorting. So what is the harm?

  3. Avataaar/Circle Created with python_avatars Nick Piscopo says:

    Wonder what tomorrow holds for us all?

  4. Avataaar/Circle Created with python_avatars Mark Jordan says:

    If you bought as the beginning of the year and are still way up with AMC thanks for all the help… lol…

  5. Avataaar/Circle Created with python_avatars John Gulisano says:

    Music?

  6. Avataaar/Circle Created with python_avatars doomsjay says:

    Weird only 5 comments??

  7. Avataaar/Circle Created with python_avatars Kay Johnson says:

    Unicorn πŸ¦„ flavour of the flu 😷 🀣🀣🀣🀣

  8. Avataaar/Circle Created with python_avatars Lee Davidson says:

    BW looking strong great to see, like a beacon of hope !

  9. Avataaar/Circle Created with python_avatars Hola! Jon Deneen says:

    Can you see my comment

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