So so, so welcome. Welcome. Welcome to the show the show of dumb money so happy that you could be here with me today, thursday december 9th we're about 30 minutes out from the market going ding ding ding scene. What the casino has in store for us today.

Very very excited to do this with all of you: let's get rocking, let's get rocking. Oh, we have some fun things to talk about this morning and i guess with that. Let me try to burn through all of it, just to kind of get us all ready for the day and then i'll turn it over to you before the market goes ding ding ding. So if there's any of those questions, uh more than happy to help out with that, so after a nice movement past three days, green, green, green, a little bit of reality starting to catch up, we're we're seeing a little bit of red here now the futures for The dow, the s p, the nasdaq oils down the bonds are down uh.

These yields are down like we're, seeing some red now and hey. Sometimes that's just a reversion play yesterday when we were talking about the stochastic indicator, even that indicator alone was kind of showing the extreme nature that the s p had pushed to the upside and that type of stuff is not really sustainable in the long term. So sometimes you just need to get these like healthy, reversions kind of come back to some sort of average, some sort of mean - and i think that's all we have right here, because overall things things are still looking pretty good like i'm, i'm feeling good about. What's going on, especially seasonally, if you check out equity clock we're seeing a lot of positive momentum, there um this period until about the first week of january, it's a bullish period and we're about to really get into it.

The other concerns are starting to subside, so wall street's set for a lower open after a three-day win shrink, and that's exactly what's going on it's once again, we'll we'll dive into the charts. Of course, of course, but i i think things are just kind of calming down a little bit, let's see if we can base at some nice new, high or low and kind of bounce off of that new jobless claims last week hit a new five decade: low Weekly jobless claims fall to 184 000, the lowest level in more than 52 years now. This is kind of interesting, so jobless claims a 52-year low, but on top of it for october, we have the a new report like now that the month is concluded from october 4.2 million people left and that's actually very, very high incredibly high and september the month Before it was actually 4.4 million that month, so we are in this weird scenario, where we're seeing a mass exodus from the job place from the labor market, and i don't know why i'm not some fancy-schmancy big brain economist that understands all the nuances that i need To understand, but part of me is starting to wonder if inflation is so great and the fact that pay, especially hourly pay, is not increasing at a similar rate that, like is overcome inflation, that people are starting to realize that this is like the time. It's just not worth it, it's not worth time.

It's not worth my time, um, i'm curious. Let me know in a comment if you think that's why, but like so many people are leaving the job market right now and that's kind of my thought on. It is like okay, if everything's expensive, but pay is not going to the same rate. I think people are starting to say what's the point um.

So if you recently left your job september october, something like that. Let me know why is it something that the math just didn't add up, i'm very, very curious about that? Moving on apple gets a reprieve, amazon, fine and instagram chief waivers okay couple things to talk about here. So apple is currently in a court case actually by epic who created uh fortnite, and it has to do with like where the app store and where things are listed and who's making the money who's not making the money that type of stuff apple want a reprieve. For having to make money major changes to its lucrative app store, while it appeals an anti-trust lawsuit brought by fortnite creator, epic games, this is kind of an interesting issue of just like.

It really is like an anti-trust thing like do. They have the monopoly running there. Um so right here they won a judge, gave them this that they don't have to change. As the appeal is going through.

Moving on to amazon in italy, uh they refined 1.28 billion once again for abusing market dominance. Uh they're actually appealing that saying that 50 of their annual sales on its platform in italy come from small and medium-sized businesses and then finally, let's talk about meta. Let's talk about instagram um. This is kind of interesting right now and i've been talking about this.

A little bit over the past couple days, instagram the data coming in it's showing it's not good for the world's youth, like what it's doing to um. Unfortunately, very unfortunately, reports of anxiety, depression, uh, an increase in suicide rate, it's bad stuff, um, and with this so adam, the ceo of instagram, he refused to commit to permanently ending uh the pause plans to create a version of instagram for kids under 13. uh. So right now it is possible.

He wouldn't say that they're gon na just like completely nix the idea, which is a little bit crazy and beyond this. I just want to talk about it a little bit more because it was news yesterday, but we're seeing roku perform very, very well. Roku is doing so well because it did come to a deal with google aka alphabet to keep youtube on its platform. So roku performing pretty well just another.

I guess corporate update for you. There gamestop shares drop as video game retailers loss widen. So i have a little bit more information for you here. Gamestop shares fall as video game retailer reports, widening losses in third quarter.

Gamestop shares fell after the company reported that losses widen in the fiscal third quarter, so they are reporting. A loss of 1.39 per share. Expectations were in the range of 50 to 55 cents, most were putting in at 52.53. They did have pretty solid revenue, 1.3 billion and last year was a billion, so the revenue is going up, but they're operating expenses are getting higher.

Inventories grew in the latest quarters. Gamestop look to get ahead of supply chain challenges that will and be well stocked for holiday. So i like that this was a very quick call. It lasted basically a couple minutes and i personally wanted to hear more about the nft marketplace.

I wanted to hear more about their dip in their dipping their toes into crypto. I wanted to hear about their plans and they really just didn't give it to us. So matt furlong is the current ceo of gamestop and he said, along with its core business. He said that the video game retailer is exploring emerging opportunities, including blockchain nfts and web 3.0 gaming.

I wanted to hear more about this. I wanted to hear their plans. I wanted to know what was going on. Maybe they are keeping their cards close to their chest because they don't want to give any of their competitors an advantage, that's very, very possible, but as an investor i just wanted more.

I really did like it was so quick and it's just i don't know. I comparing it right now to some of these other ceos, who are there and they're not continually just giving us, i suppose, like they're, just giving us more, and i don't know as a shareholder. When i like to me, i have money on the line like what i consider to be a serious amount of money. I i guess i just want more.

I want more transparency. I want to know what's going on. I want some of these times like on these. These quarterly announcement calls like sometimes i like to borrow the confidence of the leadership team and you in a certain sense you feel like reinvigorated, like yes, this is exactly why i'm in it, these people are talking exactly what i want them to talk about.

They make you feel good to be an investor and um. With this i was a little bit lit down now with that all being said, i'm not doing anything. I still have all my shares. I have complete confidence, i'm very much thinking that it's more of the tactic that they are trying to keep their cards close to their chest.

They don't want to give out a competitive advantage. That's my thought process. I have no connection at all with furlong, with cohen with any of them, so i'm hoping that's what it is and i'm hoping that when they finally unveil this nft marketplace it wows everyone and the stock goes haywire and the supporters of gme are very very happy. I am 100 holding on, but i do wish that there was a bit more.

I guess, discussion with the shareholders continuing on focus on long-term means. We will continuously prioritize growth and market leadership over short-term margins, and this is actually kind of some of my thought. Right here is the fact that they even said this. So over short-term margins.

It tells me that they're playing the long-term game. It tells me that they're here to permanently improve the trajectory of gme in the long term, with this type of commentary. So, okay, i get it. This play has gone from the insanity of keith gill calling out the insane short interest and the fact that the company's undervalued which is really telling us that i was right for a squeeze and the insanity of january, when all that was playing out to now with Through various rounds of funding, they raise the money and they're improving the company, and it's very quickly right here.

Long-Term long-term, prioritized growth they're, not too concerned with short-term margins, so wanted to give you that quick update there of what's going on with gme this morning. Fda clears astrazeneca's cova treatment for the immunocompromise, so that's another positive update we have in the world of rona and additional um. I mean obviously that's a subset of the population that we need these types of things so immunocompromised, that's good, that they have now an additional option for all of them. Now, a little bit in the world of crypto uh, buterin uh of the ethereum, a co-founder of that outlines endgame roadmap for eth 2.0 um.

I don't want to go too much into detail on this. This is the type of thing that i think would fit best on a crypto base stream, which uh, ideally, i will start rocking with that on monday of next week, so not cutting out any of the other stuff the morning stream, the afternoon stream - and i just Want to do additional work and do a crypto base stream about like a 20 to 45 minutes, depending on what's going on the day. So just think, like a 30 minute, crypto stream of like an update of what's going on in the world of crypto uh, the world's growing insanely, i'm getting a lot of questions and i think it'll be good to have a piece of content. That is like specific for that for people who maybe don't care about the stock market but pair care about the crypto market type of a deal or just like a place where, if you have all your crypto based questions, we can kind of answer them there and Maybe do some crypto interviews that type of stuff - i mean a lot of opportunity, but overall i'm a huge ethereum supporter, culturally society societally.

I think that these utility-based crypto projects are where everything is trending too. I strongly believe that and ethereum right now is very much leading the pack in it and i think, if you care about ethereum, if you care about crypto, if you care about utility coins, this is a very good read. You can find it on coin telegraph check it out, but for me i've staked almost all of my eth, like i would say - 90 95 of it for east 2.0 and i'm waiting waiting waiting waiting for it to switch among many other things to go from proof Of work to proof of stake, and with it how it might become an officially a deflationary asset, could be interesting. So, on a little bit of the political front, you have more and more countries that are the joining the diplomatic boycott of the beijing olympics.

Canada officially joined australia, joined um netherlands is on the list uh every single day. The list is growing more and more and more, and so i don't know i'm assuming that this will most likely prompt some political tensions. This is a very interesting story. Elizabeth holmes testifies: she's, never misled investors.

So if you've been following this case of theranos elizabeth holmes was the currently now the disgraced ceo and apparently it was a big fraud, alleged fraud, the defense just rested, and now the jury will be deliberating and we're going to find out the result of this. But this was crazy. There's been various documentaries on it. I particularly find it to be an interesting storyline, but the company was theranose and it was supposed to revolutionize testing and it related to blood testing and, basically, with a drop of blood, you could figure out everything you need to figure out and just the tech wasn't There, the science wasn't there uh and many many people were duped.

Many many people were schemed and it was. It became this whole thing and obviously she's now in court for basically misleading investors and stealing money and blah blah blah. It's a crazy court case. The defense just rested and we will be finding out more after the jury, deliberates on all of the charges so just wanted to give that to you before we hop into all the technicals so right now.

Yes, the s p 500 green, green, green, solid, solid. We were within spitting distance of the all-time high today we're taking a little bit of a breather, at least in pre-market now over the past three days. If you check out the chart, there's this pattern of like some weird volatility and some weird bearish based volatility right in the morning and then it's kind of sideways and then from there it ends up pushing. So i'm wondering if that's still what's going to happen.

So just a little bit of bearishness, i do admit some of the shorter term. Technicals are a little hot. Things need to calm down we're just getting to the point where we are two standard deviations above any average move. So we might just need to take a breather of a day.

I wouldn't be surprised if that's what today is this particular thursday whatsoever, but we're still looking really good. I would love to see this test of 470. 470. 50 on the s p.

500. In terms of the tech heavy nasdaq, i was looking for a test of 400 it hit 399.82. I mean i was off by 18 cents. It was off of that technical level, the key psychological level.

The queues are going to be important. Microsoft, apple tesla, just the tech, heavy stocks, um and right here, it's coming down similar to the s p 500, coming down a little bit in pre-market. If it comes down quite a bit. Yes, we can watch this gap film, and this does relate to a play that i'm currently in with nvidia, where it's causing nvidia to gap down now i was looking hopefully for that break of 324.

As of now, we didn't get it, but the expiration for this call is not this friday but next friday. So i still have time to see what's going on and maybe we'll get a test of even 3 34.. So i'm going to be patient with it. But right now i will also clearly be watching tech.

Finally, with the russell 2000, the third indices, we really pay attention to here. The tech or excuse me, the russell 2000. Very heavy with amc amc is the largest equity in it, and i was looking for a gap filled to 228 54, similar to the spy and the tech heavy cues right now we're seeing a little bit of coming off of the close from yesterday. Taking a little bit of a breather right now, um the russell's kind of a tough play in itself because you have a gap above it to 2850, but you also have a gap below it to 220 and we're like basically halfway in that region.

So it's a flip of a coin scenario. I do think. Obviously there is an edge to playing gap fills, but when you have two gaps, one above one below you just kind of have to be patient and let it all play out in terms of crypto. It has been flat flat flat flat flat, just not really doing much.

I do like that. Bitcoin has recaptured um. I guess this bounce off of 42 000 for a good amount of time. It was above 50, 000 still hanging out at 49.

I'm still just basically calling it 50, but just it's flat, uh, there's, there's no clear trend. After this sell-off, people have based it at 50 and we're waiting for that next move. Ethereum was slowly drifting upward, it hit 4 400. Currently, at 43.

i'm still a fan of ethereum loopering, a little bit of volatility there most likely related to the gamestop earnings announcement, because people were like hey. Are they going to officially call out loopring? Remember, there's a huge assumption and it's one of those things that if you look at the github and who's following who on social media, it's pretty obvious. It is pretty obvious that loop ring is supporting gamestop, but it still hasn't been officially announced. So i think, along with many other people myself, i was waiting to see if that was going to be discussed in the gamestop earnings call, and it wasn't so.

I think with that that prompted a little bit of bearish negativity in loop ring avalanche, i'm. Finally, in avalanche, i got in at 90.. This is it i had to use some for, like some other crypto stuff, that i'm working on and have some videos cooking in the background for all of you, but those videos for some of these super incredibly high risk projects. They take some time.

So basically, what i'm doing is these dow projects? I am working on it in the background. I i stake some of my own money and i want to figure out if they're, a scam or not and i'll, be making a video to explain to all of you. My thoughts, my feelings, but right now, i'm at the point of waiting, so i need about five days 10 days 15 days. It seems like they're roi, it's kind of based on five day increments and um.

That stuff is going to be kind of really interesting, especially for the crypto shows. I can give you an update of what is and isn't going on, but um. Actually i don't even know how it i'm doing today on any of that. I don't know that world there's just so much crazy, there's crazy opportunity, but whenever you have a world of new, especially tech based opportunity, you also have a bunch of scams and sifting through this of like what is or isn't a scam.

It's tough, it's tough, especially if you're kind of new to the world of crypto. So that's why i think maybe i can make kind of a mini video series here of some of these projects, what i do or don't think's a scam, maybe some ways to protect yourself from getting scammed when it comes to the world of crypto. I think all that stuff can be super super beneficial to the community, um, so i'll be doing it and i'll kind of film it throughout it of how i started how to do it all and the results at the end and my like overall thoughts on it. So look for that to be coming in and like kind of a i don't know, a weekly update, type of a thing and i'll.

Let you know how it's all going, because i put my own money on the line um overall, let's quickly go into the technicals of amc, gme uh, so like the overall market, amc is coming down a little bit, but i very much like that. It closed above 31.25 yesterday on above the 10-day average volume fan of that. So, let's see if it can still i'm looking at midway through this region of resistance, i'm looking at that 35 area in terms of gamestop. Yes, the the reaction to the earnings announcement is a negative one.

It was a very short one. They didn't really talk about crypto, they had a wider than expected loss. It makes a lot of logical sense that right here like when you have they beat on revenue. They missed on earnings, um people are reacting negatively to it and right now it closed at 173 and we're getting adapt gap down to 166..

For me, maybe it's silly, maybe it's an emotional thing, but i have such a nostalgic sentimental value for gme. I'm not getting rid of it. I'm just gon na hold it. I'm gon na hold it.

I'm gon na hold it, and i'm gon na do a little bit more of holding it. That is not inappropriate by any means an appropriate. I guess methodology for all of you. I just think of gamestop and amc different than any other equity.

I will actively trade whatever stock. I want to out there but amc and gme they're, just they're symbolic of something special to me, and i i very much think of them differently than the every other equity crypto future option out there in the world. Like amc and jimmy, i have them. I hold them and they're there, but for everything else i mean we're talking about nvidia, lucid tesla, rivien apple robinhood, all of these um.

No! No! For me, those are fair game. I'm going to train them whenever i see an opportunity, i'm going to actively train them. Whenever i see opportunity right here, speaking of gme, we want it in terms of technicals to recapture 167 as rapidly as it can in pre-market training it's at 160 660. So it's like very, very close, but this support level, so resistance resistance, resistance, support, support, support, we're.

Looking for recapture that as quickly as it can possibly happen, uh, so that's what i'll be paying attention to on gme. Today, amc gme! Hopefully things start turning around the spy. It's getting a little bit of buyers. Um, i don't know the stochastics.

It was showing us that we had like an abnormal a statistically abnormal move recently, so maybe we need a little bit of a breather. Maybe this pre-market session was a breather enough and maybe we can get ripping today so fingers crossed. Let's see what's going on uh, we have about eight minutes left and i would love to return these eight minutes to all of you. Let your questions fire um! If you have questions, if you're seeing some opportunity, if you have whatever, let's let it go, let's let them rip hey matt, daley's sister in here my baby ape noah, whose favorite song is going to the moon is five years old.

Today he would love a happy birthday, shout out noah a baby ape a space ape in training, happy birthday, noah folks, in chat. If you can join me, we have a five-year-old space ape in training, hopefully going to be a leading space ape in a couple years. Here, if you could all join me in wishing a happy birthday to noah, i'm sure uh, we could all be a little part of making his his special happy birthday a little bit better. That would be awesome.

Let's give it up to noah. Ah, look at that. I hope noah's paying attention right now shout out and that's so cool noah. We always get excited when there's new space apes, it's similar to when we were watching those eight videos, the the exciting ones that where we all got really excited, was when there was a new, a new ape in the screen.

A new baby ape police couplianos noah. Oh, i like this. Look. How awesome this community is so so cool.

I appreciate all of you. You guys are awesome. Awesome, awesome! Awesome! I don't care what they write about you on the bathroom walls. I know you guys are awesome all right.

What other questions do we have? Let's, let them rock, let's bring up actually some of these other charts, while i'm letting some of these questions pour in loosen down a little bit in pre-market is similar to tesla tesla down seven dollars. Rivian had a good day yesterday, if rivian pops above 126, i think this thing might get going again. Is that fundamentally valued? Does it make sense? Absolutely not, but also, why does that matter that doesn't matter whatsoever robinhood down down down this crappy company nvidia, 2? 317? Actually, only a buck, not bad. Let's hope that there's a quick reversion there, uh paypal.

How am i feeling about paypal? I've been very much liking it. So it's off a dollar today, but i marked this as a buy signal and thus far it has been crushing. It's somewhere between 180 190, currently at 196, coming off of 197. I think if this gets above 200 you're talking 215 and then after that you're talking 226..

Those are the levels i would watch um you're buying it on some weakness. I like it, i like it. I like it, i like it all right. Things are kind of turning around amc kind of flat jimmy getting a bid.

Nvidia did get a bid, but that got smacked the spy uh. I guess we're gon na be wait. We're gon na find out in five minutes. Some people, i see clmt clmt uh, what i don't know much about this.

It's been on a nice trend upward. I like it's pretty close to top ticking it, so i would prefer to get in closer to this region of consolidation where it was previously found demand. So i think, the closer to 11, the better you're just minimizing your risk, but i don't know anything fundamentally about this company clmt i'll, give you a quick vortex update right now. The estimated short interest for amc is 19.15, thus far.

They've already borrowed 73 000 shares against it. Gme short interest following the earnings announcement last night is 13.25 they've already borrowed 61 000 against it today, um as soon as we get the updates from tiblio. The flow updates. Uh we'll give you those, and i could also go over some of these - the alerts from it uh some people are asking for prague, prague right here, i'm just waiting for it to recapture three three is an important level and it's hanging out right below it.

We do have this bull flag that it's been trying to break out of thus far, not really that dominant, not really that successful, but let's see if it creates that base can hold three and rip from there mmat and it's trch options ending 121 22 short squeeze. There's dd on reddit about it, so i that options ending the options and well, no, no hang on mma t already absorbed trch and right now. What i think you're referring to, are probably the the dividends on it like, so they have those uh kind of actually those weird symbols that represent like the specialty dividend payouts. It's not the actual equity itself that will be ending because the one is already absorbed by the other uh.

I haven't read the dd on it, but whenever it comes to dates like that, none of them have been right. We have been talking about this now for 12 months and when everyone, whenever i see anything on reddit twitter, youtube myspace only fans any of those major social media platforms that relate to these equities. Whenever people call out dates, i've never seen one be right. Ever ever ever ever, there's been previously people who are calling out like quadruple wedging, and now it's gon na be the day that jimmy like squeezes again uh.

Might it be right, i'm not telling you it's going to be wrong. Might it be right, yeah? Of course, that's an opportunity uh, it could be right, but what i see with this is when people are calling out dates, they're setting up expectations and then time and time again those expectations are not hit, and then people feel discouraged and this i've just never seen It and inherently, even if it is right, the fact that people know those dates, then that means that they're changing the play already and it'll would then inherently change like it would change that dd. If everyone is like, let's say in a world that some date prediction is right and then that date, prediction is public and everyone's playing against it. That would inherently like change the chess match and it would alter the date.

So i i just don't see dates like that they've in this in past 12 months, no one's ever gotten those right - and i i don't know if this is going to be the particular one that is finally right uh it might be, and if you're in it, I hope you crush it. I have nothing against those plays with it, there's something definitely some funky stuff going on with mmat. I have nothing against it, i'm more so of talking about setting up expectations on a date, and i i just don't think that that's right, can you explain how naked shorts can cover? My smooth brain can't understand, understand it. Does the flow increase? No? No, no! So naked shorts, if i were a hedge fund and i went to a prime broker - and i they let me go short without locating the shares - that is a naked short.

You cover it the same way. You cover a legitimate short, you buy the shares back and it's like basically being counting for the prime broker. They just allowed you to go short without ever locating them. It wouldn't impact it so basically you're creating synthetic shares and then, when you buy it back you're getting rid of those synthetic shares.

So, like um, you go, let's say like whatever your unit is net negative one and then you end up buying back and you're back at zero, so it wouldn't impact the float. It does skew. The supply demand, like i guess, graph, because at a certain point in time you were bloating supply, uh, you're, fictitiously, bloating supply and if you have the exact same amount of demand um, that is obviously problematic. But you would cover the short in the exact same way and it's up to the prime broker to just do the appropriate amount of bean counting, ding ding ding, the casino is open best of luck to all apes, all right, all right, all right all right.

Let's get going, someone asked about c, f v, i, let's how's, rumble doing shout out to the rumble fam. We are live on rumble. If you haven't already check out rumble mod. If one of you mods could drop the rumble link in chat, so people couldn't do it um folks, i'm not surprising anyone when i'm saying that big tensor, big tech censorship is a very, very real thing.

That is not new news for me for our community. For the moon gang community, which i would literally kill for, i have to think of various ways to protect us. I have already been inappropriately removed from youtube on three separate occasions for me to be able to battle those things i have to think about this. In other ways of how to protect us in doing so, i'm not leaving youtube, but i've chosen to multi-stream on various things.

Just in case, one goes down: it's i'm just not putting all my eggs in one basket, hence why we are right now on rumble check out rumble. Their entire ethos is to battle youtube and particularly not censor people. It's scary. The nancy tracker twitter account, who is literally just reposting public information about nancy pelosi's trades, was taking down the maxwell trial um the lady who is associated with epstein the twitter account that was tracking, that trial was taken down.

Both of these were taken down on twitter. I post a video about it. Trey posts, a video about it, those do abnormally bad for our channels, something crazy is going on. In the background.

I don't know what it is well, i know what it is. It's just censorship, because certain people don't want certain things out there um so check out rumble and then i'm with that being said also special shout out to the twitch fan shout out to the realm of him shout out to the twitch fan. Those are the failsafes right now. Uh people who are biased and would rather be on rumble would rather be on twitch.

Hey we're there every day, barring any crazy tech issues, but the reason why rumble's doing abnormally well right now is because, through a spec deal, it made a partnership with cf acquisition, corp and then one of these days this will be trading under the rumble ticker. When the deal officially fully goes through just so, everyone knows so that's exciting, sub cf cfvi is the spac deal for rumble and then obviously that's not going to be happening with twitch, because twitch is owned by amazon which, as we all know, is already public. I actually think that twitch would be better off if it were its own thing. I really do got a free five dollars to send following you on rumble two keep up the good work shout out michael.

I appreciate that thoughts on aanns, a adam aaron's nft tweet. This morning, uh yeah - let's talk about that now as we're letting the market like kind of open up and then we'll really start watching the charts about 15 20 minutes in. I really think it's beneficial to let it breathe um. I don't like to create new positions right at market open, but i would love to actually go over two different tweets from adam aaron.

So the first one he posted three hours ago. Nfts are a superb idea, but not a one per share security. Token nft dividend as repeatedly described on twitter. It is likely illegal breaches, our debt covenants and or expose an amc to huge litigation risk.

We can't do it beware of concepts that sound easy and too good. To be true, i i have said this. I've publicly said this on these streams that, when the concept of something this nft dividend, when it's completely wrapped in this idea of we're doing this to squeeze the shorts, that is illegal, you, as as the public, you can't collude on that type of stuff, as the Leadership team for amc. You can't do something because someone's like, if you do this, we're gon na squeeze the shorts.

So please do it. Please do it, please do it and then they do it that that, like the sec, the ftc all the regulators congress, they would come down so incredibly hard on the company for doing something that, like that, as a leadership team, you can do what you think's good For your company as and you want to open another movie theater chain, you want to partner with sports betting. You want to partner with this person. You want to do your own nft, just because you own it, but to do something that the entire narrative around it is to squeeze shorts.

That's illegal he's saying that exposes amc to a huge litigation risk. You do not want to be owning a company that actively is going into huge litigation risk whenever you see tesla talking about sec um. Whenever you see these crypto mining companies, whenever you see lucid whenever they say the sec is looking into us, the stock drops. We do not want huge litigation risk this.

This is smart. It makes me feel a little bit more comfortable that they're, like hang on this, could be super risky for all the shareholders. Now i do find it particularly upsetting that the narrative was pushed that way, that we want an nft dividend to squeeze the shorts. You can't do that type of stuff.

If the narrative was, we want an nft to know the true share count. That would be a completely different story, but it was one of these things where the twitter mob took a hold of something, and they just ran way too far with the wrong narrative and now yes, i would love to know the true share count. I would love it, i would love it, and that is part of the argument, but the thing that really got twitter's attention read its attention that got media's. Attention was you're doing this to squeeze shorts.

That's what was said on fox news. It was the narrative, unfortunately took a turn where this option is now, in my opinion, taken away from adam aaron. I would love to know the true share account that would put a lot of like those answers would put a lot of questions to bed. That's what i want, but the narrative as many things do on social media took a wrong twist and now they are worried about huge litigation risk if they go that way, but the other one that i want to talk about is this is the most astonishing thing.

I never would have imagined or predicted it per market watch. Yesterday amc stock had the seventh highest number of google searches in u.s in 2021. Clearly, interest in amc theaters has been incredibly high. So overall, this interest is awesome.

Awesome awesome awesome, so just want to bring those two things to your attention share my thoughts on all of it, and here are some of the charts um, so amc all shot all the way. Up to 32 56 solid, solid, solid, uh gme got up to 173 right now. 167 is support, let's see if that can hold cfvi selling off a little bit. What else is moving today? We have lucid that was down a gap down five, but it's trying to fight back tesla gap down and also selling off a little bit one.

It's only down one point, four: two percent ribbing at that 120 level. If rivien gets that break of 126, you might see some fireworks there apple. We need to talk about apple, so over the past couple days, which is important because we're talking about december 7th december, 8th for december 10th and december 17th, the most popular option contracts were apple 170s and 175 calls. I don't know if people knew something that we shouldn't know.

I don't know if people were just all playing momentum and it became a self-fulfilling prophecy, but the amount of money bet on apple, doing particularly well this week and next week in the options market was extraordinarily high and they were right and they made millions if not Billions probably billions of dollars off of these bets. We, this is public information. It's easy to track the options market. I've been very public about it.

I'm invested in apple in my long-term account. I have played no options on it recently. Do i wish. I did, of course i did because it's doing super well apple is now a wait.

Hang on how much is apple worth 2.9 trillion dollar company. We are knocking on the door of three trillion dollars. I don't think that this is stopping the amount of money. Maybe people know something: maybe it's all just momentum, that's quickly becoming a self-fulfilling prophecy.

I don't know what it is, but they are destroying it on apple amc's, looking good uh, not sure. If you've seen the article on yahoo cardano launches converter test net for project by ai whoa is there any enthusiasm. Cardano launches converter, test nut for project ai pioneer behind robot, sophina, sophia, all right sweet. I have this article up, i'm going to dive into it.

It's a little! Oh! It's not that long to read uh ada no longer available on etoro ada, the native coin of cardano ecosystem is no longer available on brokerage platform. Etoro last month, etoro said it is d-listing ada due to u.s regulatory concerns. The new cell ada recover massive losses and the coin lost a third place in the market and now the sixth largest cryptocurrency by market cap uh, the development team behind cardano announced that agi x, erc20, converter testnet, is now live. The converter will make it easy for developers to migrate the erc20 tokens on the ethereum blockchain to the cardano network, interesting, so some development there is cardano getting a nice push off of this, not really still hanging out at 1 30., i'm still in cardano, i'm still Holding cardano, i like the team, i like what they're doing it's just taking, i guess longer than expected to come to fruition.

Good thoughts on true share count. What are your thoughts on gme, specifically quoting in 10k, 5.2 million drs as of 1031, seems like a call out to truly count the shares. Thank you yes, so with that uh now, i believe correct me. If i'm wrong, jimmy currently has an outstanding share count of.

I think it should be 76 million shares. How do i go back on this? One back, hang on nope. Let me just search gme. I could get the information for you.

It should be outstanding shares of 76 million yeah 75.59. So i just round up to 76.. So once again, that's for gme, so i like this coding in 10k, 5.2 million. That means we have quite a bit to go um.

Is it possible for sure for sure for sure for sure? So i think it is interesting that they called that out and with drs there are pros there are cons. I implore everyone to look into it uh very quickly. The pros are the fact that you're not lending it out it's it's. It seems that when more and more people do it, it does actively cut down on ftds.

Those are good things the cons are, it makes you a little bit more immobile and obviously in the high volatility into environments of moas. Maybe that's something that you value, but that's to everyone to decide themselves. All i'm saying is look it up. Do some research it? It has pros and cons.

Like many many things in this world. It's not all pros. It's not all cons. You just have to weigh out what's important to you now.

What's interesting is the fact that one of the cons that's worthwhile to consider is even if everyone drses, it's then up to the leadership team to decide if they want to share that information. But the fact that they're calling it out tells me that if we get to those numbers they are going to it it's kind of. Maybe i'm reading a little bit too much into it. Maybe my tinfoil hat's a little bit too tight, but the fact that they're calling that out lets me know that they're going like that, if we get to the numbers and if there's something to share that the leadership team at gamestop will share it.

So i think that actually kind of takes one of the cons away, uh, which i like bbig thoughts, um bbig, it's fighting back. I mean this thing got completely ravaged uh you're buying it off of it being oversold, so the risk is relatively less. You could risk this 240 level, so you're risking 60 cents. It's looking for this breakout at three dollars.

Maybe you'll get a gap bill up to 377 and then from there. Hopefully you have more momentum so, overall, in a play, i think the risk reward is there. I mean it's not the nicest you're trying to get 80 cents risking 60 cents, so it's not two to one, but it's at least better than one to one now in terms of or text. Let me pull that up for you on bbig um.

I have to admit when people are just saying, like hey, give me those or text values. It tells me that a lot of you are thinking of like i want to chase short squeezes. That, in my opinion, is not a good methodology just because something has a high short interest and bbig does it has a short interest of 22.2 percent. That's a high short interest just because you have a high short interest, doesn't mean it's going to squeeze.

It's a prerequisite. You have to have a high short interest for there to be a short squeeze, but because it has one you can't assume it has to squeeze. So i just want to be very, very clear about that. You need, among other things, good positive price action.

You need to have things like a gap fill up to 377 to put pressure on shorts. That was over a month ago, drs members estimated currently at 10 to 15 million today, based on the report from drs bot. So, yes, that was from octo that was from halloween. You had that in your first one um.

So it's growing and that's what i'm saying it's like the number like the trend of the numbers is good. It just needs to slowly but surely go higher and higher and higher the higher. It goes, the more statistically relevant any commentary related to it is then um, so we'll see we'll see we'll see we'll see. Is it too late to get into apple? I mean it's literally at an all-time high.

I don't like buying at an all-time high if you're trying to get into it for a quick day trade or swing trade. Well, yeah, you could potentially play a breakout but you're also playing a little bit with fire. Then um would i do a long-term investment in apple right now, no um! I wouldn't, because i'm not going to invest at an all-time high, would i be considering maybe a quick day trade or swing trade risking 176 for a quick percentage pop yeah? No, i think, that's like a valid play. Um depends like i know many people listening.

Some people are long term. Some people are medium term, some are short and some are highly active day. Traders, so apple right now to me is a realistic play for people who have a shorter time frame. Do you have a non-financial advice, 10 percent play of the day, um yeah? Well, let's, let's see how things are panning out, i'd like to wait, probably about 15.

More minutes, because that's when we're going to get more data from the options market and we are going to be able to look into unusual whales in tiblio, so past 10 a.m. When we can see things trending um, but i'm still actively in nvidia still actively in nvidia, so in terms of these, like these plays that i've just been like hey. This is what i'm about to get into here's my reasoning: here's where i'm gon na get out we're like during the live stream, i'm being as apparent like as transparent as like, literally possible um. The first nvidia play was a 14 gainer uh.

You could have locked it in wherever you wanted. It ended up doing even better, but we called that out and then we redid nvidia right now we're down on the trade. But this is the live trade right now, um on nvidia and the fact here i could give you all the details of it. I have no issue being um, giving you a quick update, um.

I actually love giving you updates, because i think more people need to be transparent about what the hell is or isn't going on. So in nvidia, nvda calls for december 17th strike price of 330. I got in at 7 and like 11 cents, it's currently trading at 5.75, which means i'm down a dollar 30. um.

When i first got into this that very first day, it was close to being able to lock it in, but the market closed like it was two days ago that nvidia had the push right at the end of the day. I'm at the point now that for me to get what i'm looking for, it probably needs to get up to about 326, which means it needs to break out of resistance at 324 and because i knew we could get in this situation. That's exactly why i didn't buy him for this friday. The 10th tomorrow that expiration date it's playing with fire.

It's too close of an expiration for this type of a play. The only time i'll really play weeklies is, if i already know, i'm going to day trading. If my trading plan is hey, i'm getting in and i'm getting out, hopefully in 15 to 20 minutes, something like that. Yeah maybe i'll play the weeklies then, but beyond that, you got ta, give yourself time a lot of people they just when it comes to options.

They're they're focused on the price of the ad set of like okay. Well, that's only ten dollars off. That's not far! That's a third of a percent like that's not like bad um or sorry. That is not the right math at all ten dollars.

What would that be? No! That's! A third of a percent! No, it isn't that's three percent, my bad! That's poor, math um, so about three dollar or thirty. Bucks would be ten percent and then we're looking for that movement. They focus on the price and when it comes to options, yes, price is clearly important, but you have to consider time until expiration and also volatility. So, for example, this is good volatility and then, even when you hit this price again, let's just say 322 versus 322.

This second 322 is less valuable to you as an options trader, even though it's the same price, more time has passed and since that first move the volatility was relatively less. So you have to consider the fact that prices for equities in the options market are not all built. The same 320 now is worth more than 320 in five minutes. Uh, it's important for everyone to get that uh.

Did i see this correctly? Did spec drc complete its merger with sldp um hang on? Let me check that out for you uh. I didn't. I haven't been tracking that particular one dc rc uh does not look like it if it did, if it completes it, usually there's like a unless hang on sldp. Is this actively training complete its merger? I guess roy, i don't know which way the like merger was going complete its merger, if it's going into sldp this one's being more actively traded, plus, okay, so sldp is the.

This is the like blank check. This is the spac sldp and it sounds like dr dc rc is like where it's gon na go uh, but it's currently trading still under sldp. So i guess it's how you're defining complete, but usually when i think of like complete, complete, i'm thinking of like when churchill capital cciv went over to lucid lcid like the the deal was done, the ticker changed and right now it's still trading under the spax ticker And not, i guess, drcr, which might be like the next one for it. Uh bbig has a nice gamma ramp going on into december 17th and january cattle is coming at some point when record date announced also more gap.

Ups, in my opinion, how's bbig bbig. I mean it might have all those things, but still inherently you need the price action it needs to hold above three a key breakout level and then also, i would love to see that gap fill up to three. What was it 77? Some people getting excited about. Docu docusign docusign: what do we have going on with docusign docusign? It got this nice breakout at 1, 55 and now yeah people, i'm i'm excited.

I have a smile on my face. The amount of people in chat who are calling out the gap fill opportunity. That's awesome, so it's at 160 right now. My personal first target would be 180.

This previous level, maybe a little bit higher than 180. Something like between 180 and 185 would be my first target. If you don't want to play the full gap fill on docu, but please i need to caution you with docusign the reason this fell off. Yes, it beat on earnings, it beat on revenue, but it severely severely lowered its future guidance.

It said: hey, we don't think the next quarter. Potentially the next year is going to be so bueno. So people you like please understand why it got down uh. Can you look at ortex on dwack uh dwack? I don't even think has loaded in or text numbers, but i can double check that, for you really quick, i just wanted to bring up the chart see what's going on, d-wack d-wack is not of um a fundamental play.

I don't even know if it's really a short squeeze play the estimated short interest on dwack. I'm surprised it already has. It is 11 uh, 10.7 dwack to me is much more of a momentum play of like how enthusiastic is the supporter pace. Gon na be, it might be absurdly enthusiastic, and this thing can clearly run we've seen it run in the past.

There are some recent updates to it that got people pretty pretty excited um. This thing can move. I just don't think it's necessarily a short squeeze play. Uh some shorts could get squeezed out.

There's not a number of like at this short interest. Then it's a short squeeze play. That's not quite how it works, it's more of whatever the shorts are well. Are those people gon na get squeezed out and the more people getting squeezed out the higher it goes.

So it's it's not binary of a squeeze play versus not a squeeze play. It's a gradient of. If these shorts are squeezed out like. Where do we think the price could go based on this many shorts covering type of a deal just so everyone's, like my point, is 11 you're.

Looking at about three an estimation of 3.2 million shares, it's already traded 2.6 million today. Would that would 3.2 million covering represent a solid amount of buying yeah, of course like, and you would see some nice action to? It is three million covering gon na be the thing that brings it up to 176? Again, no that's going to be people who are buying out of excitement rather than shorts, covering out of fear just based on the current numbers. Shout out wall street viking, shout out lover of ducks and apes roy super cassie wall street kate, gordon all right. We did bbig all right.

How is gme doing right now, one six yeah this is getting hit, so we do have some support. At 160., 160 160. uh we're actually seeing wait. What's the overall market doing right now, spy the spy is getting hit, the queues are getting hit, iwm kind of getting hit, how's the dow uh dj.

What's it tji yeah nope? What's the dallas ticker, i so rarely uh doubt etf. I thought it was dji d. I a why did i think it was dji dia um, so right here, the dow so right here, top left dao is 30 of the biggest companies in the u.s. This clearly flat on the day, the s p 500 is 500 of the biggest companies in the us shot up sideways now, selling off the russell 2000 in the bottom left is 2 000 small cap socks, so the top 3 thousand stocks are the russell 3 000.

The bottom 2 000 of that said, 3 000, the bottom 2 000, not including that top thousand, is the russell 2000. Then you have the nasdaq 100, which is essentially a subset of the spy. This is top 100 of the top companies, but not the top 100. It's 100 massive companies, but more of a tech focus about 50 of the equities within the queues are very much tech centric companies about 50 of the 100.

Just so we're all on board. Beyond that, you have many other indices. You can have uh the s p. The mid cap 400, so after the 500, you have the next 400 mid cap, that's actually where gme is gme used to be in the russell 2000.

That's where amc lives right now and then it was actually upgraded to the s p. 500 mid cap, which i think is what my d hang on. Let me let me look that one up for you, this one's like a rarely checked one s, s p, uh 400, mid cap, which one is this one mdy mdy. So this is the mid cap.

This is where gme, i believe, lives right now. So there's a couple things that are all tracking. Actually there's far more than this, you can find many um. You have different money managers that are going to have, so this is all by the s p, but also vanguard has their version of all these there's.

So many out there there's so many out there that are all worthwhile to kind of dive into and understand, like what is or isn't going on. All right is nvidia still vomiting, yes, how's apple, holding up apple holding up surprisingly well, given the fact that the queues are selling off.