Crypto & Stocks: Decision Time
AMC, GME, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 175
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Me so so so so so gang hello, hello, hello! We are getting into that holiday christmas spirit. Let's do this thing we're about 15 days out and, as you can see quite the friday december 10th, we have ahead of us right now. Um things are going a little bit crazy in pre-market and it has all to do with inflation. The consumer price index report just came out and we're we're at high value.

We are at high high values, i'm talking look at snoop dogg and then think higher. That's where we're at right now with inflation. It's honestly! It's astounding! It's truly astounding! It just came out at 8 30, so about 32 minutes ago, and you might be wondering wait a minute. Why is it? Why is it all going up, then, if these numbers are like the highest they've, been in like 50 years, like what? What gives duck kid? Well, with inflation going up? Typically, you have yields going down, and then that puts an inflow of money into high growth assets.

Such as the queues, um and then obviously, a lot of the queues companies that are represented in these are a big weight or big showing within the s p. 500. So sometimes you see explosions like that and that's one of other things that are going on, but we're going to be hopping into all of that. First of all, here's what you need to know: green, green, green, green and obviously yields down inflation.

Pretty high five things. You need to know before the stock market opens today friday. December 10th wall street looks high ahead of an expected hot inflation report and boy. Oh boy, was it hot one? It was a hotter one than my cappuccino yesterday and we're gon na be getting into it.

So, overall, yes, we had three green days. Yesterday was a red day. Everyone was panicking freaking out and today it looks like we are setting up. Hopefully, fingers crossed knock on wood for another green day, especially coming off of this report, and once again we will be getting into the details.

Consumer prices are seen rising at fastest clip in 40 years, so it already came out we're going to be going over the results, but the consumer price index was expected to reflect a 0.7 percent gain for november, which would translate to a 6.7 increase from a year Ago, a year-over-year gain that magnitude that would mark the biggest gain since 1982.. Investors worry that the federal reserve might even react aggressively to one that's above consensus, so the fed will have their last meeting of the year next week, and this is the the entire talk of them: speeding up their tapering. It's it's because of this um. This could lay the groundwork for hikes in near zero percent interest rates, perhaps as soon as spring 2022, so way back when they're, like maybe the end of 2022, and then people were like well maybe september and like it seems like the timeline for these interest rate Hikes are getting earlier and earlier and earlier - and this is what people were kind of calling out inflation surged 6.8 remember: expectations were 6.7, even more than expected in november to the fastest rate seen since 1982..
So once again, this is the cpi consumer price index. Now, if you look at the core cpi, which is excluding food and energy that rise, that the rise in that number was the expected value of 0.5, and that means the year-over-year growth. Roar is 4.9. So, overall, what you need to know is things are pricey.

Your money is being devalued day over day over day, and i do think that the connection here before i get into kind of like the senate. I want to talk a little bit about a crypto because, like you're going to start to see how all this stuff interplays with each other bitcoin under pressure two year, treasury yield rises to 21 month high as u.s inflation report looms. But as you can see, crypto also responded somewhat positively to this news, so bitcoin pushing at one point. It was back over 50 000 we're right under it right now.

Ethereum green solana, green avex screen uh matic um up 8.4 today, overall you're, seeing a positive reaction. Also in crypto - and i think it's important for us to all kind of understand why a couple of videos ago, i said that there wasn't the strongest connection, but there is a correlation between crypto and the nasdaq and tech just because obviously crypto is so clearly intertie Intertwined with technology uh, but i think this is kind of useful for us to all like, maybe spend a second to really go through. Bitcoin fell as bond yields rose ahead of the u.s inflation report that could seal the deal for a faster unwinding of stimulus by the federal reserve. That's what happened! Last month, bitcoin a perceived inflation hedge rose over three thousand dollars to a new record of 6900.

On november 10th, after october, figure came in at a three-decade high prices, tanked to 63 000 later in the day as money markets ramped up bets that the fed would suck liquidity out of the financial system to contain inflation. A somewhat similar action might unfold later friday. Today, if the data beats estimates paving the way for the fed to accelerate the taper in december and forcing markets to price in a higher probability of an early interest rate hike, so you now see this kind of like intertwined nature between kind of all, these major Asset classes, so on one hand you have what's going on inflation, political developments, then how that is going to have an impact on yields, how that has an impact on indices and then how that has an impact on crypto. So all of it it's complex, but it's useful for everyone to dive into and get a little bit of a better understanding and honestly, the inner playing between all that could be its own like entire full day lecture.

It is kind of complicated stuff, but good for us to at least start to learn, send it clears way to increase debt ceiling and avoid default risk. So actually, with this hang on, let me get a little bit of t in here this. I need to kind of retract some of my statements from my update video. I was under the impression that the senate did already approve the increase for the debt ceiling, but instead they actually did a different thing yesterday.
So i need to retract a couple of my comments. The senate cleared a key hurdle on the path toward raising the debt ceiling and removing the threat of a default of u.s debt. Senators voted thursday yesterday to allow congress to raise the u.s borrowing limit with a simple majority, so the vote wasn't actually on the debt. It was saying: hey we're going to vote on this thing that to raise the debt, we only need a simple majority, so i apologize for that.

Just want to get that retraction out there and get proper news in front of all of you. Um president joe biden's desk for his signature, obviously that's how it works and when you pass both um groups of congress, the house and the senate, then it's going to move on to the president. The senate and house will have to hold separate votes to increase the debt ceiling. Both chambers are expected to hike the limit early next week before december 15th.

Today, being december 10th means we have about five days. I highly doubt that they'll be working over the weekend. Maybe they will, but it sounds like the fireworks, for this could be particularly december 13th and 14th elon musk sells roughly 1 billion worth of tesla shares. That means thus far in the past month, he sold about just under 10 billion.

I believe the number is 9.85 billion, but on top of that he also tweeted out thinking of quitting oops right here. Let me just bring it up for you, thinking of quitting my jobs and becoming an influencer full-time. What do you think um then? Mr beast, i'll coach you on how to get youtube views. Oh absolutely wild.

That stuff is absolutely i like this guy and the way he chooses to use social media it. It's comical, it truly truly is, but yes, he sold off quite a bit and honestly, that's actually about halfway of what the number he said he would. It was actually looking closer to 20 billion when he first did that twitter poll uh so about halfway there. I don't think he's going to be slowing down, but kind of going off of this news related to the amc community.

There is more developments related to adam aaron and other members of the leadership board, selling shares and like many things in this world, the truth is somewhere in the middle. At one extreme you're going to see people vehemently attacking them and saying whoa, you got ta, get out: they're selling, they're selling they're selling; okay, no that's a little bit of fun, but on the other hand, you have other people saying literally there's no problem at all. This is perfectly fine and, like we shouldn't even be talking about it. Well, i think, like i said, the truth is somewhere in the middle.
I think there's pros and cons and now let's actually get into some facts about. What's going on so as of three days ago december 7th adam aaron sold 312 000 shares and the price was just under 31 a couple things i want to say off of that. This is the sec filing. This is fact this is source.

The sale reported was effective pursuant of a rule 10b51 trading plan, as in its setup in advance, it wasn't like he was sitting there saying this. Is it i got ta sell. It was set up by another party uh trading plan, adopted by the reporting person more than 30 days prior to the transaction, so someone else set it up more than a month prior and then they set up the date, the amount and the sale went through. We know now for the past half year that on the earnings announcements calls adam aaron has pointed out the fact that he is 67 and he has to consider proper estate planning and i think that's reasonable um.

So i think the way some media is spinning. This and also, i think i was looking on like financial times, and they were just generically talking about how much ceos get paid and they used his picture. So it's a little bit of media bashing in my personal uh, like estimation of what's going on a little bit of fear-mongering, but at a certain point i also don't fully like what's going on. I have no issue at all with him being 67 and saying that he needs to do proper estate planning.

I i i truly have no problem with that. My issue is a little bit more. I guess involved with semantics so previously in the calls they've said that someone such as him adam aaron, should hold about eight years salary worth of stock and at first, when you read it amount of securities beneficially owned following the reported transaction. So following this transaction, he owned 96 000 shares and that's obviously not going to be the same amount as eight years worth of his current salary and the way around this was number three does not include shares issuable upon for future vesting or of equity grants, including 1.3 million shares issuable based upon continued service and another 1.6 million shares issuable upon attain attainment of performance goals at a target which, when combined with the ownership reported above, would represent 3 million shares, so you could say: does he have 3 million shares in his account Right now, oh sorry, i think my head is blocking it, but if you pull this up, if you look up, this particular form the the final thing right over here in the right side that i think is just being cut off.

It's three million yeah. So if you just add these two numbers together, 1.6 million and 1.3 - they just total it up over here. So we know that the leadership team should be showing - i guess their devotion to the company by owning equity and in a certain way. I don't like that.

They're skirting around it by saying future vesting of equity grants. I don't like that and honestly i wouldn't be bringing it up at all to any of you right now. If there weren't other things going on within the community, that's basically apes fighting apes um! I am. I i don't have the words to properly articulate how incredibly fucking stupid.
I think everyone is that's like actively prompting more social media drama, the fighting the infighting it's so silly. This is 100. What trey has said months ago and i believe in some of his recent videos he like kind of re-upped on it of like it's just this is this - is childish it's silly if this? Overall, if your goal is amc moas and like the apes and what's particularly going on with amc, the detrimental thing to it, as trey has said - and i 100 agree with him - it's not going to be wall street. It's not going to be the ceo selling.

Some of his shares it's going to be these asshat clowns, um that say they're in the community, just fighting with each other. Acting as if twitter drama is the only important thing. I implore you any drama just avoid it do the classic irish exit. If you see it going on nothing, no likes no retweets, no responses, don't go in those, don't engage in those reddit threads.

Don't engage in those twitter comments. Don't engage in those space. Calls don't engage in any of it. Pull the plug.

Do not give it any oxygen. I have taken a conscious step over the past two weeks myself to remove it myself from all of it. It drains your emotional energy, and it makes things like this, where one way it could be interpreted is like. Okay, like i think the truth is in the middle, i don't think it's horrifically bad, but i don't think this is like amazing, like this sentiment of what's going on, like i said i don't like this, but the exponential growth of the negativity is perpetuated by these Bullshit echo chambers of everyone fighting incessantly, no oxygen, no life, i'm telling you! I personally believe i can't tell you what to do, but i personally believe pulling the rip cord pulling the cord on it.

Just don't pay attention to it, it's so silly. It's so silly. Moving on uh same thing, sean goodman, the cfo same date, he sold 18 000 shares and after that sale he has zero. But okay, once again, how does that possibly make sense with the new rules? Well, it's the same thing.

So, just so you know it's the 10v5 one. This was decided 30 days in advance, but it's the same thing: future vesting of equity grants so about 300. 000. Another 300 000, which puts this total that you can't see right over here in the bottom right at 589, 000 shares so they're, saying they're, they're kind of skirting their own rules by saying hey like if we count our future vesting equity grants like we're all good, But what they have currently on the books is not that, so i guess like they're, i don't know doing it.

However, they want and like. I said this in itself, if this were the only problem going on. If we had to talk about this and if we had to just talk about payment for order flow and rebates and the power concentration of the duopoly of market makers, if we had to talk about prime brokers, all that stuff is manageable. But when that's two percent of the conversation and the other 98 of the conversation is bloated, fucking social media egos that are just fighting and they don't realize how damaging they are to this entire thing.
It's sickening, it's frustrating uh, trey posted a video, and you can like feel his like visceral anger and it's that is 100 spot on 100 spot on, because it's so childish and it's so easy to just stop it. It's crazy! It's crazy! It's crazy! Um! I wanted to give you a quick update, shout out to vegas chef andrew uh. He was in contact with charles payne, so if you notice on charles payne's twitter, he hasn't been active in a bit the twitter's not taken down but um. They have sim like this.

Is comment from charles payne: they have simply blocked me from blogging on i've been silenced, let everyone know, i'm sure i'll, be back, but it's an awful and petty business model, so i guess charles payne, his twitter's not taken down but he's blocked from logging in. So if you see anything about like free pain, uh, free, cp, free, charles payne, this is what it's all about. The twitter is not taken down, but he is blocked from logging into his account uh just to give everyone a quick update there on all that good jazz all right. So with that being said, let's look at a little bit of the technicals i'll burn through that real quick and then we could do to go to some of your questions on everything all right, so amc or no sorry s, p 500.

Before we get into amc off of the news of this inflation coming in high and yields going down uh, the price is very, very high back within that striking distance of 470. the tech sector, the queues also bouncing off of 494, are 394 up to 397.. The russell we're also getting a little bounce off of the support 220 up to 222. So with all this bouncing, i don't know how it's going to hold in pre-market we're going to see like right now, i don't know if the pre-market gains are going to hold.

Is probably how i should better say that right now things are looking good and let's see how the bell goes: ding ding ding in about 10 minutes in terms of amc, uh, it's up about 10 cents right there, let's see if it can hold the support at 29. gme. We have support at 145.. It is up about what three dollars in pre-market.

I would love to see it recapture 167, currently trading at 1.59. In terms of amc, the estimated short interest is 18.84 in terms of gamestop. The estimated short interest is 12.64. Let's take another quick peek at crypto bitcoin, looking solid uh uh, it kind of got this double bass around 4, 800 4700 somewhere in that range, and we're coming back would love to see the breakout of 52.
if it gets above 52, i think we could start A whole another leg up on btc and probably the overall crypto sector in terms of ethereum, they bounced off of basically 4200 solana, looking good avax looking good. I do have a quick update for you on these, like the seeming too good to be true. Dow projects um, i don't want to tell you all the ones i'm in, because i don't feel the most comfortable with other people like actually getting into them. If i'm being completely honest but after 5, 10 15 days, i will make a video of an update of how much i fully invested and how it all went.

Where i made money where i lost money. But just to give you a quick update on how it's looking right now, as of this moment, i have of my own money, put nine thousand six hundred dollars on the line and when i look at all the projects, some have made money. Some have lost money. The end result or the current result not the end result is 10 150, which means i'm up as of now two days into it, five hundred and fifty dollars.

So i'm up 550 on a 9 000 hey, i'm just trying to get you so 550, divided by 9600 um. So i'm currently up 5.7, and this is about two days of doing it. Like i said uh, i'm involved in a handful. Some have lost some.

Obviously others have gained some for me to be positive, i'm getting a little bit more knowledge on the whole sector of how it works and what to look for and what to avoid some of the ones that i've lost money on. It's pretty obvious of why i should have avoided them, so i think, when all is said and done, i'll be able to kind of give some good commentary, at least on my own experience and what i learned, and hopefully someone can take something away from it. But i'm thinking of what i could do is maybe give like weekend updates on it of like, maybe not this weekend but next weekend, because all these things when they're dealing with apy it takes time. It's not like a quick overnight type of a thing um.

So maybe starting in two weekends i'll be like okay, here's how i started! Here's how i'm at and here's my plan moving forward type of a thing: yo matt did you own any matrix. Nfts i've been seeing someone post it in the nifty's discord under your name. I'm curious, if that's really, you um. No, it's definitely not me, and you should actually probably report that person uh i'm not in um.

I don't own any matrix nfts and i'm also not in that discord. Matt. If we tweet free cp, we will get fbi's attention for sure shout out tim tray tutorial how to do a dd greetings from vienna. How to do a dd like how to do research, um well from the highest level.

I think they're, like i don't know. If there's like one straight answer for that, so, for example, when people are pointing out uh, the hottest news was like insiders at amc selling. Well, the dd on that is going into the sec filings and seeing what it does or doesn't mean and then kind of crossing that with commentary from the earnings announcements. But on like crypto, your dd is looking into the project and how much people, i guess, like the devs and understanding what the technology will or won't do how to do dd.
It really is dependent on like the subject matter. I would argue if we tweet all right: we did that. Can you explain the difference between dwack dwack, you and dwack. W also give an idea which should be purchased first and when so, dwac? U and dwack w the w is for warrants.

So that's warrants on d-wack and d-wack. U is units and then, when you decompose those units, it's like a warrant and then maybe something else. I i knew what dwacu was at one point but basically think of them as warrants and warrants are. Maybe it has a lot of crossover terminology terminology with like options um, but i would think of them as like super long term.

Options like a lot of warrants, like you'll, see, are like good for five years. So it's you can exercise it at a strike price. On a certain date or like on or up to a certain date, but um, it's a little bit like longer term and the major difference between warrants and options. I would argue besides, like their time frame.

Is options are not in any way impacting like the? I guess raising money for the company they're, not in impacting the share count, but when warrants are exercised, they will impact those things. So options are really not. They don't really fundamentally change a company, but warrants, and also in this case, units which units, like i said when you decompose and become warrants, can fundamentally change like the financials and the numbers related to a company, so similar to options warrants are a leveraged bet um. So that's like also give us an idea of which should be purchased um.

I don't know if there's ever a rule of like when to get one or the other, it's. I guess kind of your confidence level if you're new to the world of warrants and options and or not, options warrants and units. In this case i don't know if d-wack is the one where you really want to get your toes wet you might want to like. Do some research specifically on warrants and things like that? Like i mean, there's good articles, there's good youtube videos, but in general it's going to be a leveraged bet, similar similar to the world of options.

But there are some key differences and i guess why i'm saying to be a little bit careful with this. One is just because dwack itself is it's an interesting play, um right now it appears to be a shell company of a shell company. It's an idea. It's a it's a billion plus dollar idea, but right now, there's no users, there's no growth, there's no advertisers! It's an idea! That's apparently worth a lot and when you have something that's like.

I guess somewhat questionable, like that, when you are intertwining that with the world of a leveraged bet, it can get kind of crazy, really quick. So with it i mean, if you feel super confident in it if you're like nope. This is how i feel about technology. This is how i feel about big tech and you believe that truth, media truth, social, whatever it's called, is going to be the next big thing and you're that confident hey have at it, i'm not against it at all.
I'm just trying to articulate like considerations. You should have uh thank you for the detailed response to dwack you're welcome good morning matt. Can you take a look at love? I have 80 calls expiring. 12.

17.. I'm up 450. Do you think it could still push? I mean without even looking at it. Of course it could still push but you're up a lot, a lot, a lot um.

I would be interesting december 17th. So you have a week. Oh man, that's tough, because you're already up so much and the fact that you're asking me tells me that you should probably lock some in into the early morning volatility. If i were you, if i were up that much and i felt a little bit uneasy - i don't know how many you have, but i would lock some in like.

Even if you you could lock in a fourth and cover your entire cost basis, and then i would be interested in testing 86, but who knows 83 today is probably more valuable to you. 83 could be more valuable than 86 on friday because of time and volatility. You don't know how it's going to play out so you're at the point where you already made a great trade and now you're just trying to get out with like a little bit more profit, and i get it do. I think it could keep going yeah.

I do because i'm seeing a lot of green in the market right now, so you maybe just want to see how things are settling early morning with it i mean it's showing a little bit of strength, um, i'm a little bit more risk tolerant, i'm a little Bit more of a gambler, so in all reality i would probably pay attention and watch it but uh for you. It's friday lock in some attendees, it's been a rough week. Well yesterday was a rough day, uh lock in some of them attendees. I don't.

I don't see an issue with that. Remember whenever it comes to the animal kingdom bulls and bears eat hogs get slaughtered. Remember that it's a it's important in the animal kingdom of wall street bulls and bears eat hogs get slaughtered, ding, ding ding. The casino is open.

All right, so i do have lg vn up, i'm just curious if it gets above 25 26. So let me know if it starts to kind of creep up there uh overall, i'm very actually interested in seeing how the market's just going to open up today and see this reaction to the cpi report. I have the queues up over here, but i am myself particularly interested in nvidia. I wish that things on the political front, weren't so hectic.

I wish um. I just wish pelosi had more time to pump up nvidia for us, because i would be much obliged how much to let me smell your chair where you sit um. There is an up there's a market on that. I feel like right now.
The current smelling sessions for the chair, i think, they're priced in around like it's reasonable. It's like, i think, the last time i saw it. It was like 10 bucks for, like a three minute cell session, um you're gon na have to look on like there is like a calendly where people are like signing up and like kind of negotiating their spots shout out to truedemon. His procket went live today.

Best of luck, bro shout out to two dreamin, i'm definitely a big fan of td duck. When is your birthday? Vienna equals capital of austria. Vienna, i think, is also where cappuccinos were first made. I was looking a little bit into cappuccinos and i think seriously.

I i'm not messing around with that. I think it is um, i'm pretty sure that's where the old cappuccino was made um. My birthday is in july it's bastille's day july 14th, but it's also every day um. I do have a little bit of a cappuccino update for you, so yesterday me obviously now a cappuccino guy.

I went to a different cafe and this is different as in like i didn't start, my cappuccino experience there, but i like the restaurant or i like the cafe better, so i've been going there and when i say i've been going there, it's my second time there. Yesterday was my second time there and the guy who was behind the cash register. The barista was the guy. Who was there the first time, so i thought he knew.

I was a cappuccino guy, but as you're about to find out in this story, um, i thought wrong. So i i opened the door and i like a bat out of hell - it's cold, it's cold in philadelphia. So when i walked in, i walked in with vigor, and i was like hey fellow cappuccino guy and he's like he kind of look he's like what what and i was like. Oh hey, i i was here yesterday and i got a cappuccino and what's up cat, what's up cappuccino, guy and he's like i, he didn't say it, but he had that.

Look on the face of like i don't get paid enough for this, and i i understood - and i was like yeah like like it was awkward. It was really awkward and i was like i'm a cappuccino guy and he's like a cappuccino. Guy you're, the guy who didn't even know if milk goes into cappuccinos, and i was like oh shit, touche so he's he was he he knew he knew what was going on he's like you're, the guy who didn't even know that milk goes into it. I was like hey buddy.

I do now hook me up with a cappuccino and whole milk and he's like all right can do. He wasn't mopping up my spill. He was not on the same wavelength of enjoying life as i was and he made it. There was no conversation, it was just awkward silence and then he looked at me he's like your cappuccino, is ready and instead of giving it to me, there's actually like a serving area and he like went over there and put it there.
So i had to like walk around the cafe to get my cappuccino and i was like all right. I need to end this on a positive note. I need to turn this day around, not only for me, but also for him. This is salvageable.

I no matter what happens in life, i feel like moments can be saved, they can be salvaged, so i'm trying to think of it. I was like what do i say. What do i say like i, i only it's moments. It's it's clicking like it's.

It's in that that drama action movie where you hear the clock, click click, click click, and this is me like i'm like slow, hang on. Let me let me better articulate this. This is probably how we can do it hang on uh. Oh, hang on up all right pause pause for a dramatic effect, so i'm walking out i'm walking.

I wasn't in a chair, but please just like bear with me. So i'm going in this door and, like i feel the pressure mounting this is freaking mj, and this is game. Seven of the finals, the sweats on my brow - and i was like how can i possibly salvage this interaction, so i grab the door it's slightly ajar. I look back over and calmly and surely i say see you later cappuccino guy and he looks up at me and i think we could all take a strong message out of this by the fact that his retort to me his message to me nothing.

He looked me in the eyes. I took the signal that i should probably leave at that point and i'll be honest, i might have overstayed my welcome and i left said, establishment no response. I that was my that was my hail mary play. I was trying to come back similar to tom brady versus the falcons whatever year that happened.

20, i don't know 2017, i was it was rough. I was down, i was down and i was trying to fight back and it it didn't pan out and i think that's a life lesson. I i think that's a good life lesson that you're not gon na you're, not gon na always get those hail. Marys you're not gon na always make that comeback; you're, not always gon na win game seven and yesterday.

That was one of the days for me. So a quick update on me becoming a cappuccino person week. One has not been solid. Well technically, it's been.

Oh almost two weeks, folks, i'm almost at my two-week birthday for being a cappuccino. Guy um, it's been a rough start, but hey if you start at the bottom, if you're at rock bottom there's only one place to go, so i think it's it's up. It's only up from here. It can only go up when you're at rock bottom of being a cappuccino.

Guy uh it can only go up, i'm excited um. Where are we at well? My cappuccino story did not help with the market. It didn't really seem to help with anything. If, i'm being honest, a lot of you were probably not only.

Not only did it not help with the stock market, but a lot of you are probably like. Please please shut up. I want to talk about stocks and i want to talk about options, and i want to talk about crypto evergrand. Did they default? Yes and there's a hilarious.
You need to watch this video. I audibly laughed this morning. Audibly laughed hang on. Is this it this one? I take responsibility.

I take responsibility. I take responsibility as one of china's largest real estate developers and members of its executive board. We at evergrand need to come clean is, is what our lawyers are saying for every time i took a loan and wasn't able to pay it back for every time i borrowed someone's money for a home. I never built and instead made something cooler like a roller coaster.

We overborrowed we moved too fast and we couldn't pay back our debts. At one point, i even felt like a poor purse. One night, i think i micro dosed and bought an electric vehicle company, but now i will no longer spend irresponsibly and i will never miss another debt payment. Why? Because i defaulted, i defaulted.

We defaulted. That doesn't mean we're filing for bankruptcy or stopping operations. We can't let go, and neither should you because, just like most of our apartment complexes, the work will never be done. I think that kind of wraps up everything you need to know.

We've all been in a situation where we've micro, dosed and bought an electric vehicle company and if you're saying no i've, never done that, i think you might be lying similar to um. I don't know how many of you were able to catch. My update video, but we finally figured out why ken griffin bought the constitution and he at some fancy schmancy thing going on in florida. He bought it because his son told him to similar to microdosing and buying an ev company.

If you haven't called up your dad and told him to buy the constitution, that's relatable, that's life, that's a an experience that we have individually. Yet you can share it with so many people in humanity. That's i just don't buy it and if you're telling me that you're a person who has not microdosed and bought an electric vehicle company - and you haven't called your dad to tell him to buy the constitution, if you haven't done either of those you're lying. If, like, maybe maybe, i can understand not doing one of those, maybe just through a series of life events like you, weren't presented with one of those opportunities, but if you're sitting there with the gall watching this video me watching you watching me watching you right now, Trying to tell me that you've never done either of those.

I don't know i don't i don't know if i buy it at all, i don't think i buy it. It just doesn't make sense. I myself at one point in time, actually got blocked by my father for calling him too many times in the middle of the night, telling him to buy priceless historic artifacts. It became a whole thing like it was like one of those things that, like he would say, hey like this is like kind of weird.

Could you stop doing that, like, i think you like, might have a drinking problem? I was like god dad. What are you talking about and then, like? I thought that was like kind of the retort back and forth. I was like seriously like: have you heard about the the sphinx and, like i was leaving him all these voicemails? I was like. I have a crazy idea before you say: no, i've already contacted a construction company, but the sphinx is an option and we have air like we have a like this backyard.
So i was like this. Things can go right there. We can have a sphinx, and after that, obviously talking about a couple priceless paintings talking about a couple priceless jewels um. It was after that that, like i just i officially got blocked he's like seriously like stop doing this like he just started.

Turning his phone off or individually blocking my number if it was like past 10 pm um, because apparently he thought i needed help - i don't know just got here and after my week, micro dosing sounds amazing, not sure about the constitution. Thing you're so close to 6969 viewers right now and it's nearly our anniversary, sugar boobs come to vienna bro. We have really cool old, traditional coffee houses here and, of course, good cappuccino. I will give you a tour best regards leon i'll be in philly next week.

My first stop is always a bag of south street bagels and cappuccino at ox coffee across the street. Shout out chuck, hey duck boy check out the song called go bananas by little big. It wasn't meant to be an ape song, but now it is stay apeish. What are my thoughts on abbv just got a new pharmaceutical patent.

All right is this gon na stay. I don't know if this is gon na work like have i figured out a new? Can you hear me all right? Oh amc, getting smoked, gme getting smoked. What is going on nvidia getting smoked? Well, this is the opposite of fun. You know how sometimes you have fun and then other times you, you don't have fun well.

This is one of those um not not fun times yeah. This definitely can be confirmed as one of those times that you'd rather be doing something else or having a different type of an experience. I would argue what is going on. Why is the market? Why can't? Why can't everyone just agree to never ever sell and just keep buying and higher and higher and higher? Oh lordy lordy lordy, it's actually the frustration level, or maybe it was the excitement recounting my conversations with my father of priceless historic artifacts, but whatever it is um.

It's hot now it's hot um, well, amc is definitely falling g means. Definitely is there anything going up? What did someone suggest? A bbv uh, hey this one's up point eight percent, it's like better than, i suppose nothing. This is actually the one that owns humera, that, like prague, is somewhat not directly but, like, i would say, somewhat in competition with abbv. What do we have here and then it's an almost an all-time high.
It looks like so i wouldn't be buying at this resistance level. That's just not my cup of tea. What is this all-time high? Why is this taking me abnormally long to like? Why won't there we go 125.86, so it has about 60 cents to go. I wouldn't be buying at this level because i just don't want to buy right under a shelf of resistance, especially when it's an all-time high, not not my style whatsoever, so twitter terminated charles payne uh.

No, i'm not really sure where you're getting that scott uh. I already i spoke about that a little bit earlier, but they definitely didn't terminate him. I know it's impossible to get apes to do anything ever, but i can ask for votes in chat if anyone would be willing to do something that makes no sense um. I'm not really sure how the audience is gon na respond to such a vague thing, but maybe i'm wrong.

Maybe i'm misinterpreting my audience um, something that makes no sense. So, if you're willing to do something that makes no sense, let brendan know. Can you look at disney? Also, can you get a canned can into an uncanned like a can or can can a canned can into an uncanned? Can my answer to the second part is yes, and my answer to the first part is disney uh, actually kind of holding better relative to other things? What a weird mixed bag going on today. Where are we at disney? I still kind of like it, but i'm worried that it won't perform well if the spy is getting hit.

Oh golly golly golly golly this inflation. This is exactly that uh, the bitcoin kind of report that we went over of how things reacted back in november when we had a high inflation uh so disney i mean i do like it today, thus far, not a special trend or anything along those lines. I would be watching 155, but with disney i would be keen on first watching the spy. I tried to call my dad to tell him to buy the constitution.

Then i remembered i don't have a dad morning, matt all right. What else sell your underwear for each stream? It's a thing uh. I i believe that that's a thing, but it's probably not a thing in my particular like genre of streaming yeah. I don't think i don't think that is, and also i might look like a guy who has like a plethora of an underwear supply.

But i don't i feel, like i have a normal underwear supply. So i don't know if i could just be giving out my underwear after every stream did vienna make vienna sausages uh. If this is a, i feel like it's a trick question i feel like they probably didn't. If i'm really gon na guess or tex on amc um, it's 18.8, there hasn't really been much of a of a shift today on it.

Let me reload the page for you just to see 18.85 um, and i think this is a good question of just like supply and demand and how things go. Things can sell off without being shorted. Things can go down without shorts. Um things can go up without a short squeeze uh.

I think there's this big fascination with like the shorts and what they're doing and trying to use any movement by the shorts to describe all price action. And i i guess i see why it's come about, especially because the fascination with this entire community was gamestop in the high short interest, but in reality it shorts shorts, creating a position shorts covering a position. Yes, that can have an impact on price movement, but that's not the only thing like a stock can severely sell off without being shorted at all. It's just people hitting the like ejectosito button um if, if you've watched fast and furious too also chuck best of luck in philly, i hope you have a great time.
I want the magna carta now, what's going on ron, what's going on g check out coldplay's adventure of a lifetime, video of a definite ape play list, also i'd like to say, viva la ape revolution, thanks matt shout out boxers or briefs definitely briefs boxers. What do you think i am like 40 boxers? I obviously look at me. I i need the aerodynamic nature of boxer briefs boxers. I didn't even know there was still like a market for boxers, so it has thongs.

It depends yeah most of the time. If i do most of the time i'm not wearing either, i'm just wearing depends, you seem like a tidy whitey kind of guy. You know i have a friend a very, very close friend, who is actually he's a little bit older, but i graduated with them were we're the best of friends and he is very much a tidy whitey guy, like that was kind of the joke about him. Like oh tidy, whitey guy and then i think we went to, i don't know we went somewhere.

We were like out of state doing something, and i found out he like is legitimately a tiny whitey guy uh, which, if he knew him it makes so much more sense. It makes so much more sense feel free, feel, free and chat. If you want to step up and now publicly announce that you're a tighty whitey person, let it off your chest, let the world know be proud, stand tall, just accept it. You know if you accept it, if you're the one who lets the world know your your enemies aren't going to use it against you adam's stepping up.

Adam said i am, but there's not many other people standing up trying to say it. Who cares commando yeah? Actually, only one person has admitted it out of thousands of people in here. Okay, it happens folks. I had an idea, because this is painful to watch the market and it's also a friday.

I think this could be really really fun. I saw another streamer. Do it and it's just a fascinating idea? This is not an original idea, but i want to see if i know my audience and i think there's a way we could all interact together. So if you want to participate in this, the name of the game is to see if i can identify a moon gang ape.

So if you want to play this game tag me in twitter on a picture, the picture has to have at least two people in it. Ideally even more one of them has to be you, a moon gang ape with other people. The name of the game is for me to pick. If i know, if i, if i know my audience of who a moon gang ape, is so i'm gon na guess, and then, if under that picture, you could comment which one you are in the picture.
So we can't see that first so tag me in a picture i'll check my notifications, i want to see it, i'm going to guess and then we'll click on it and see if i actually get it right. Let me know if i'm confusing you at all or anything like that, but let's see how well i know the moon game, let's see if i can spot a moon ganger among other people, if you want to start it now, we can do it now. We could also do it in the afternoon session to add a little bit of levity to our life um, but build up those tags. Let's get this picture going, i'm not going to cheat at all.

You can see we'll do it live i'll click on it. I'll give you my reasoning and then we'll see how good or not good i am at identifying a moon gang ape in the wild. I can't believe you're not feeling more romantic about her intimate anniversary, but if your super secret boyfriend, north korea you'd, be all about it, okay, i see some people who, just particularly don't want to use twitter and and that's fine. Why are you holding your mic drake? This is a great question because it makes me so much more mobile and i feel like people don't understand how far away this wall is like.

I could go all the way back here and i think there's like a a distance distortion that really like messes with people, and i think it's kind of fun to show this off of like how far away the background like actually is. I don't know just a little bit of a visual game, i'm the one with crayon on my teeth, i'm zooming out, i'm not zooming, it's just the camera and the focal length, and i don't know something above my pay grade - hey matt. I got in on a v ct yesterday. Would you take a look yeah? Thank you.

Have a great weekend, a v ct av ct abct american virtual cloud technologies. Well, that's a fun name and you got in yesterday and you're already up 20. That's pretty awesome! Uh 250: you want this to get above and close above 250.. I'd be watching that and i'd be watching that very very closely.

Is that 244 right now, but also for a one day return of already 20 that's awesome. Did adam aaron sell remaining shares. He sold some shares, but he still has other shares and he has a vesting amount of 3 million shares all right now. Are we starting to see a bit of a bounce, long, underwear, tucked into tube socks with shorts uh we hungry tyrese gibson too fast.

Two fears dad you got: ta, buy the duck boys, underwear, ken griffin, son, all right - well, the spy not holding that well, but amc and jimmy bouncing event. How are the queues? Looking the queues going down, iwm going down, inflation is catching up, not bueno the opposite of bueno all right, let's see all right, so we have the first one uh. This is a guess of. Can i see who the moon gang ape is right away? My eye is drawn to three people.
Obviously you have the center person right away, so i feel like okay, that's moon gang, that's the center of attention, because we all want that. But if you really look at it, this is some crazy, hair cool tattoo and then also this lady, i believe, has an expensive purse. So my vote out of all of these people, it's going to be one of these three and i have to just go with my first instinct. Obviously this guy, he he's a guy he's a cappuccino guy.

This is the cappuccino guy, i'm gon na vote on the cappuccino. Guy, that's my vote. Is he the ape? Well, he didn't go under well now i don't know wait. You have to tell me, which now we're never gon na have the answer you need to comment under these photos, of which one you are so we can get.

The final result make sure to put a comment under so we know the final result, so we can see if i'm right or wrong, but my vote was on the cappuccino guy through and through, but i i don't know that red head. She was a strong pick too, it could have been the redhead, it definitely could have been the redhead uh. Your wall is so deep, rightly scott released a director's cut that it turned out to be an entirely different movie. So we came to comprehend your death.

What's another word for thicky another word for thickie um, girthy, cursy, girthy girthy, all right things are starting to bounce. Somehow some way is it wrong to wear socks and sandals? No, not if you want to be stylish and cool, oh speaking of socks and sandals. In terms of like fashion, i think it's like a fashion pet peeve of mine when people wear jeans without a belt. I guess i care more about when guys do it, but like if you're, an adult guy - and you have pants on put put a belt on put put put a belt on, and that brings me to the sponsor of today's video.

This stream is brought to you by belts. The entire industry of belts have paid me a butt load of money to talk to you about why you should wear belts. If you want to be a cool, successful person with a life full of laughs and wealth and great experiences, you will have a belt if you want a life that has the exact opposite of that. No friends, no family, no good memories.

No money, then don't wear a belt. The option is yours, but wearable, especially if you're a grown man in jeans put a belt on this is brought to you by b-e-l-t. Get yourself a belt today, once again shout out to belts for sponsoring this stream uh. I appreciate it.

Thank you for the money. I i really appreciate the money, but yes shout out to belts, hey yo bet when you found out about wonderland and when would you sell more shares in the new year? Wait what what have you found out about wonderland? What have i found out, i'm still in the process it it's still an ongoing content, i'm creating in the background uh, i'm in it among other ones, i'm a little bit hesitant to tell all the ones i'm in because i don't want it to seem like that. I'm supportive of people getting into all of these so um in terms of the the dow projects, the doubt protocols that i'm in in terms of the naming for now, let's keep that a little bit hush-hush uh because, like i said i, i don't feel comfortable with People getting in before i like do all the things that i feel like i should be doing like dd, because at a certain point i have to like respect the fact that this is um. I don't know, there's obviously like a certain amount of influence.
So i don't know if i want to influence things people into doing things that, like i'm, not even sure if i'm comfortable with um. So let's just like wait for the conclusion of all these things, i have no issues giving you updates, i'm just a little bit. Hesitant, i'm telling you the ones that i'm particularly in or how to pull it off before. I feel a little bit more comfortable with the whole shebang uh, but as of right now, oh i'm losing money ever since this morning it's gone down a hundred bucks.

That's a that's a bummer, that's a bummer! Okay! I guess we'll have to move on from that one socks and crocs for life. Your wall is so girthy. It used to pass out as a teenager whenever it hit hot supply. History teacher took class.

It's hot supply. History, teacher to class brendan what is going on with you today. Is it a wild friday in your life um for your game? The answer is the profile pic i mean, but i guess ham, we'll think about a good way to avoid that, because, like yeah, a lot of people have their individual one. How is a way we could avoid it? I want to see if i know if i can spot the apes in the wild i'll think of a way uh.

Someone said a dave, lauer tweet and someone said an unusual whale's tweet all right. Let's check this out dave lauer. What's he tweeting wow big news? Came across bloomberg, doj is said to pursue broad probe into hedge fund. Short selling, predatory short selling is on the markets.

It must be addressed. Let's see all right, oh wait. Usually he follows up with like multiple follow-ups, so maybe we want to let this yeah. We might want to let him finish saying what he needs to finish saying um.

He has. I wouldn't be surprised if there's like another one after this, so let's wait. Let's give it a couple minutes and then we'll come back to the whole thread. Um that's kind of his mo and then what was the other one? Someone said unusual wales, tweeted holy moly, doj, probing hedge fund short selling, whoa, let's see what's going on here, let's see what's going on law 360..

This was three weeks ago, no september. No! That's! Okay, so it is like literally just breaking news right now, that's crazy! All right, maybe lauer has finished up his. Let's see, let's see all right, wow big news just came across on bloomberg. Oh hang on, like let's just check this out on bloomberg bloomberg bloomberg.
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21 thoughts on “ep 175 crypto stocks: decision time dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars DripsOnAnalogs says:

    Still holding. Bought in too low not to hold.

  2. Avataaar/Circle Created with python_avatars Father Son says:

    Bernanke! I member, so does my 401k. The power of the people now compared to then is incredible. Dont come this far to run.

  3. Avataaar/Circle Created with python_avatars Bakedalaskaproject says:

    The price of AMC can go up as high as we want as long as we hold. No one can make us sell, therefore the price will continue to rise until we decide to sell. Who pays us? The hedge funds sell off their long positions, then they get liquidated because they will not have enough money to buy our shares. So then the DTCC steps in with their 67 trillion dollar insurance policy and they start buying our shares. If that money runs out the FED starts printing money. No matter what, we get paid. So after all that excitement happens, we will pay a lot in taxes on our gains, buy stuff, invest in other stock market plays, make donations to our favorite charities, etc etc….. the money will quickly get circulated back into the economy. It's basically a transfer of wealth.

  4. Avataaar/Circle Created with python_avatars Duri Hye says:

    ✳ The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 12 BTC in just three weeks, with the trading strategy given to me by expert trader Carter Baker …

  5. Avataaar/Circle Created with python_avatars Stark_Syndrome says:

    Amc created a huge amount of bag holders, let’s just try and pick them all up, hopefully soon.

  6. Avataaar/Circle Created with python_avatars Berry John says:

    Great content matt<The market is very unstable and you can't tell if it's going bearish or bullish while myself and others are trading without fear of making a loss others are being patient for the price to skyrocket the truth is even with the falling in price of bitcoin is still young and many say it here to stay, people are seeking stability in this unstable crypto space, and a lot of people are asking if now is a good time to buy because of where the price is right now this is the worst possible time in historyΒ  to invest as so many don't back up theirΒ  crypto assets.

  7. Avataaar/Circle Created with python_avatars Samuel says:

    1 video is hidden BBC blocked it due to copyright or idk what

  8. Avataaar/Circle Created with python_avatars Jeff D'Amico says:

    Was the intro music ever identified?

  9. Avataaar/Circle Created with python_avatars Tarik O. says:

    i didnt sold at 60 or 45 or 50 i cant sell now. all or nothing guys

  10. Avataaar/Circle Created with python_avatars Michael Egerszegi says:

    Funny how CEO & CFO sold all their shares, how about that.

  11. Avataaar/Circle Created with python_avatars FratPunsBurp says:

    <<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors/ newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade…

  12. Avataaar/Circle Created with python_avatars WalthamVlOGs says:

    AMC owner is a traitor.

  13. Avataaar/Circle Created with python_avatars kdbboxing says:

    I’m not trying to be negative but the technicals say this is going down. Look at the moving average and bollinger bands. They don’t lie. You guys that are up better get out before this drops big

  14. Avataaar/Circle Created with python_avatars Joe Ruttan says:

    Showing all that selling by AMC Insiders – should have been explained before, surprised stock isn't at $20. ?? Looks and sounds TERRIBLE – trying to shake out the Diamond Hands and passive Investors – WORKED!!!

  15. Avataaar/Circle Created with python_avatars Eranuss says:

    Matt, I am not sure If you mentioned this during the stream, but CEO Adam Aron sold a few billions of AMC stocks and AMC CFO even sold all of his shares. Do you think it is possible for AMC to recover or are we on a highway to hell? (sorry for my english)

  16. Avataaar/Circle Created with python_avatars S. G. says:

    Great intro music!!!

  17. Avataaar/Circle Created with python_avatars Hola! CryptoSypher says:

    Ghost town in here…πŸ‘»

  18. Avataaar/Circle Created with python_avatars Charles osborne says:

    not selling till covered

  19. Avataaar/Circle Created with python_avatars taboggen says:

    Bought another hundred still holding

  20. Avataaar/Circle Created with python_avatars Zevac ss says:

    Matt you should talk about ESSC float 343K si 29% gamma squeeze potential next week

  21. Avataaar/Circle Created with python_avatars 90ify says:

    Stream Daffodils by Rosse !!! Best song I’ve heard all year 😭 I just love the song so much so I figured I’d share w everyone else

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