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#Stocks #DumbMoney #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Testing testing testing testing attention apes - am, i now live. Am i live we're having a big old problem here? Getting our stream going today attention attention attention attention attention! Oh brother, is the duck. Kid live hello, hello, hello, hello, hello! Is it working now i'm seeing some positive responses, some positive responses, all right, we're hot we're, live we're live from the nasa studio here on moon base number one number uno number uno. I don't know: what's going on, it's just been a crazy day and i guess they're just trying to stop all the duck people from streaming, but we figured it out.
We used our brains and we got here live and honestly. I went through like a whole three to five minute intro by myself, just like screaming at the camera that no one's ever gon na. I guess here that one's like lost to the sands of time itself, but all right. Here's a quick recap of what, in the world going on amc, looking good 2150ish, it's up, 17.5 percent gme, also looking good if it gets for this breakout of 142, i'm really watching 160.
Currently up almost 15 on the day. The spy went up to 148.50, then got smacked trading downward could not hold the 200-day moving average. I am astutely watching 446.. Incredibly important to me is this level at 446.? If we get above it, which i want it to happen, i'm not going to say that that's going to provide tailwinds to amc and jimmy, but it'll at least not provide headwinds and i think, that's very, very important.
And then i just have tesla because it's been vomiting ever since 1040 and it's one of the most discussed ones right now on wall street bets. So i figure there's a lot of interest in it. So that's the game plan for right now. I just wanted to hang out.
I want to break down some stories because there's a crazy development going on with the london metal exchange the lme about nickel, and it's one of these things that it's not getting really any media attention, but what's coming out of it is just nuts like this. Is it's basically just another gamestop where something crazy, illegal illicit is going on and someone needs to look into it and i just don't know if they will, just because it doesn't have this nostalgic value of gme like it's just nickel, and it's also across the pond. There on the london metal exchange, but whatever it is like this story is fascinating, so we're going to talk about that, i want to go through it relatively quickly, so we can more so hang out for power hour and see whatever is or isn't going on with These stocks, yes, i still have my amc and jimmy shares. You can see that on public.
Oh, i wanted to ask all of you this it's funny as soon as things go a little bit crazy, whether in the positive or in the negative direction. Have you noticed how many like loser bot shill accounts come out of the woodwork i i know there has to be some hate views right now and, if you're a hate view. Just because, like you don't like my personality, you don't like how i sound like you. Don't like how i educate that's fine, i hate me too, but if you're a hate view along the lines of just being like one of these, like incel keyboard, warrior accounts grow up seriously, uh like they come out of the woodwork whenever there's any volatility, and it's Pure pure jealousy like across the board of all these people who have, through this like created some form of a following and from the bottom of my heart, the bottom of my heart. I hope you get a life. I really really do. It is about time you get out of your mom's basement. You got to do something you're being a drag not only on your community society at large, but like in your own world.
Just go. Do something anything even if you want to go count, the grass go count the blades of grass outside your house, but man there's this crazy, they're, they're, crazy. It's just all these bots and i don't like clearly something is going on. It's.
These nameless faceless accounts who they only have a following by hating on other people who are legitimate people and actually put themselves out there and people like it. It's just like these. It's the underbelly of the internet. It's these sad, pathetic trolls and, like i i swear like i don't know if i'll be as tin, foil hat, to say that they're like directly like connected to hedge funds, but you know, like you, just got ta go on twitter.
You just got ta go on reddit and every time they rear their head, and all i could think is that they are they're people who are trying to ruin this community like whether they are intimately tied to a hedge fund or something i i don't know. I just know that they are absolute losers of people. It's crazy, absolutely crazy! I mean in a time like this, everyone should be stoked the amount of money that's being made right now. Let's think about this.
Logically, let's game theory, this a little bit. Anyone who is slinging mud right now, anyone who has a negative attitude, the only thing that possibly makes sense, is that they either never had a position. They have a short position or they sold way too early and paper handed it because everyone who is actively in amc in gme right now anything could be going on on their life and they are stoked. Let's just think about that.
Anyone who's doing anything negative. They either never had a position they sold too early like a paper-handed person or they're, actually short and they're, losing even more money, but for the rest of us who's like dude, i'm in amc and gme and you're. Seeing these huge percentage gains, you're like life is good right now, it just doesn't add up right, doesn't like something of it. Like the scenario.
Just doesn't connect blows my mind, but anyway, this is a long-winded way of me saying i have my amc and gme stock. I currently have no options but man, oh man, i really i'm thinking more about jimmy's nft marketplace and i'm just kidding like i'm getting so so tempted to buy gme leaps, i'm just getting so incredibly tempted to buy gme leaps. I don't know, i don't know if this is just like an emotional thing, and this is the exact like aspect of fomo, that people talk about of like hey when it gets going like people get jacked up and maybe, but also what, if everything about this nft Marketplace comes truly to fruition and it just absolutely kicks ass and like what, if the stock really does rip to kingdom come on top of that. Obviously i have stock, so i'm not going to miss the boat on it, but like to more than just double dipped. It like triple quadruple quinn, dipple dip like a leap call, i don't know, i haven't done it yet and i'll, let you know, but i'm getting tempted. I really am getting a little tempted right now, uh to see if something crazy might happen. It's just like this. Heightened sense of volatility, the fact that amc and jamie can both retain a roughly 15 percent gain when the spy took a hit and went red.
The small cap there, the small cap sector, took a hit and went down by 1.5 percent, yet they're holding gains of 15-ish percent. I don't know i don't know it feels feels a little crazy to me. It's just uh people holding puts at the wrong time, guarantee it amc lfg. But it's weird because it's these nameless famous nameless, like nameless, faceless accounts, who i get many people wanted to hide their own identity.
I get that, but the ones who are doing that and are also slinging mud, i'm like dude you're, like something's, going on in your life, like that's crazy, i'm directly connected to ducks haha patiently waiting for a little dd on rdbx fintel says: there's 23 million shares Shorted on a 20 million float um. I could do it very very quickly to be completely honest. I haven't had like the time today today has been nuts to do a deeper dive into this, but i could look at what it is: rdbx, redbox, entertainment all right. Rdbx, let's pull this one up, uh the short interest.
The shares on loan is just coming in at 1.37 million. I don't know where you're getting there's 23 million shares floated or shorted, because this is showing 1.37 joel uh joel. Where are you getting? The 10 million number - oh wait. You said: fintel fintel, rdbx rdbx.
Let's see this, i just want the stock. No, i don't want these ads. No thanks, where's the stock. Just give me just give me the stock.
Give me the stock information, rdbx red box, red box, an acquisition letter all right, all right, all right, all right! I just want the breakdown. You know what i could do i'll just do this already be excellent: to switch the url all right. Where are you getting this number of 23 million right here 23? Where did you find that number joel? I am having a tough time breaking down where you're getting this, so i don't know if i'll be of any help. Everything i'm seeing is a smaller number. Less of a magnitude - that's short volume, but even that's low. I don't know where you're getting this uh and i'm on the right. One joel you got ta, let me know to so. I could help out a little bit more short transactions.
Nope that doesn't really matter short interest. 31 weeble, says 165 owned by institutions. Wait um well, first of all, that's weeble! I would trust weeble as far as i could throw it. So that means nothing to me, but second, where are you getting the 23 million short? That's what i need to know.
You said it was on fintel uh, where on fintel can i find this 23 million number is what i am curious about. Curious, curious, curious, curious, uh, but weeble. I literally any weeble means nothing to me. Nothing weeble is uh a piece of brokerage ain't all right.
Well, despite coming back to 446 amc. Looking good and the thing i'm calling out is the high 23s gme at this point, i'm calling out 160 if it can hold 140. uh. How is loopering looking loopring was having a pretty solid day trading at a dollar tank cardano having a great day, bitcoin trading above 42, 000 ethereum right at 3, 000, a little bit under it.
Jimmy amc, picking up like i was saying a little bit ago, uh the break of 140 250, might lead to some explosive moves. At the end of the day, shout out someone became a bot fighter. I appreciate that uh. What else do we have up up? What else do we have? I got onto weeble because of you last year: okay, that's cool, and then we learned about weeble and then you get off this whole.
I really don't get this brad. Is that your name brad russell? If that's your real name? What i don't get about this this whole thing of, like i got onto weeble because of you, okay, literally everyone, after robin hood, think about what happened last year, everyone got pissed off at robin hood and it was just like uh an escape and it was the First, one everyone found, so we all just got on weeble. Okay, i get that. Did i promote it? Okay, yes, then, as what, as soon as i figured out, what was going on was i the first one to get off? Yes, so as we're learning more about it, it's like it's almost a sentiment that, like you're, just every single thing you have to do like always has to be right off the bat.
Why not? Just like? Okay, you make a mistake. You acknowledge your mistake and then you fix it like at first i mean it's interesting that people are hung up on weeble when, like okay, how did you get onto robin hood? Who are you gon na blame for getting under robin like it's? Just sometimes you don't know the whole story until you're into it, and then you learn the story and then you just have to take a corrective measure, but matt nobody can change ever. It feels like that yeah robin hood to weeble to public. So what is bad about it uh a multitude of things, but the easiest one is payment for order flow, they're selling your order flow right to citadel. You are not impacting price discovery. The way you think you are - and you are every single time you trade on weeble - you are benefiting ken griffin - remember citadel securities does not take a directional bet citadel. The hedge fund does but citadel securities they're in the game of the more volume traded. The more money they make every time you see, another million shares traded on amc or gme.
If it's going through robin hood or weibo, ken griffin and citadel securities are becoming more wealthy, they are becoming more rich. We, in my opinion - and i guess it's just because i'm a very, very petty person. Why would i want to benefit them at all? I blame that for the shorting of tulips. It's all your fault, matt, you said tulip.
I would never short tulips. Why hasn't gary gensler banned payment for waterfall yet uh, because it sounds like he doesn't? Have the political coverage necessary to actually push that through this becoming a fighter, a bot fighter? Wait. What are people saying to brad now don't be mean to brad all right amc. Looking good trying to go for 22 again, and then i mean jamie's, also looking good right now.
Weeble is kind of like your relationship advice, always this first one to get off: bazinga, okay, well, uh. I also wanted to share another crazy story, and this is that nickel thing i was telling you about very, very similar to the whole gamestop situation. This is nuts, though, where is it? How much does this guy tweet a lot where's the nickel story it this whole nickel thing is just so ridiculous. Uh on my disruptive session.
Did i save it over here? Please tell me i didn't no, of course i didn't it's on zero hedge. I didn't realize that he tweets this much so basically they're saying what's going on on the lme nickel. Remember is the thing that was short, squeezing i'll just go back to this, so you can see the stock and we could talk about it so on the london metal exchange, that's the exchange and they are owned by the like a hong kong exchange, um and there's This big big chinese player, who is short, nickel and nickel squeezed and on paper they had a loss of eight billion dollars. Well, they stopped the training of it for a while, the london metal exchange they exchanged it, and then they are attempting to reopen it, and things are still going so haywire.
There's all this training going on now, they're at the point where the trading session ends and they're just invalidating all trades from the entire day, they're like yeah. No, that didn't happen so even if, like, if you're up they're taking the money from you, if you're down you're getting saved but basically they're, just bailing out the rich chinese billionaires that were short, nickel, they're, literally invalidating entire days of trading they're. Basically, just saying no, that didn't happen, i think maybe even dave lauer was talking about it like it's just such a crazy story that this is like happening right now in front of all of us. Where are we right here? Another day, another session of nickel limit up another attempt by the elmi to bail out their friends at some point they have to realize this is feudal elmi second ring session on march 23rd in nickel, deemed a disruptive session in all agreed trades null and void. All agreed trades no and void, as in all the trading that happened for nickel on the lme on march 23rd, they're just like nah didn't happen, talk about bailing out their friends like this is crazy. That's absolutely insane! I don't think it's getting the same. I guess media coverage that you would expect just because it seems like a little bit more distant and i think it's hard to like really understand. Okay, like gamestop, most of us have been to a gamestop.
We understand the impact of taking away the buy button. So it's a little bit more abstract, but it is literally just as sinister they're invalidating entire days of the trip. They're like nah that didn't don't you didn't buy, you didn't, sell, no, no, no they're, just basically doing it and then hitting the reset button. If the market doesn't go the way they want it to go, and it's in exchange doing it.
Do you know how real? Like that's crazy? I don't know who i feel like those people, as in whoever's running the lme, are taking the exact same crazy pills as like these bot and chill accounts on twitter. Like it's just all like one big crazy pill, party amc has no more shares to borrow most likely. I mean we know we're at a utilization of 100. How is this legal? I mean it's written into the bylaws of the exchange.
It's the terms of service, so when people sign up they're, saying they're, giving the exchange the right to do it and no one thinks to check until things go haywire. So it's it's kind of in a weird way, similar to like when we were all on robinhood way back when of people just saying, okay, like we didn't know, you could do it's like well technically, like when you're signing the terms of service like you're, giving them The right to do it, i use weeble for memes and charting my twitter is aggravated trade same dp joel. What's going on, uh check out dogecoin matt ripon, like amc doge is ripping. I mean i'm still in doge, so i wouldn't mind that in the slightest uh it is not ripping like amc.
It is up six percent, it's up which i like i mean i'm still in doge, but it's not ripping like amc or gme uh. Did you notice there was a three-minute ghost haul on gme today uh? No, i don't think there was at what time i i mean i've been watching it all day there. I don't think there was a halt. What's lrc at about a dollar ten dollar 13 right now amc jimmy looking like we might have a crazy power hour.
I very much hope we do uh jimmy frozone e-trade wasn't a whole yeah. So that's just like a brokerage problem. I'm if you want a good stock trading brokerage, just get on public no payment for order flow. No market makers you're going to see some ding dongs on twitter, be like oh, it's otc. They literally don't know what they're talking about they. Just they don't like there's so many people that say words that are somewhat right, but in like kind of a like strange order that like makes it nonsensical - and they just say it with such confidence that, like oh man like otc trading they're like well, what do You mean by that, like it's, it's strange. What's going on right now, outdoor smile shout out, i appreciate you becoming a bot fighter is public only for the u.s right now it is yeah. Unfortunately, it is if you're looking for a brokerage in the eu.
My suggestion to you would be just be on one that you can directly route in order to like where you want it to be executed at matt. Do you trade crypto in public, not at all i traded on ftx? I also still have some crypto on coinbase and voyager uh. It's just like. I really like how ftx's ecosystem is growing.
Gme was not halted today for whoever's saying that, but there was no halts. Today i mean i've literally been sitting here all day watching these stocks. There was no hall, does public do options? No, but i actually think that's a good thing for most apes, because most apes are new to the market. I would say - and we've actually done some polls about - that - i don't think amc and gme is a good way to get used to the world of options trading on trading 212 eu.
We can now see how many of our shares are being lending out. My amc shares are 96.8 percent lent out crazy, right, yeah and training 212. Doesn't let you stop the lending right heard. Amc was halted but didn't see evidence i'm telling you neither amc nor gme were halted today.
It's just not real. It's not actual news. I've i'm tell i've watched pretty much every single minute bar of these today there was no halt, get ready for the rally music. I like that.
I like, where your head's at man, amc and jimmy looking like we could have uh something a little bit crazy in the power hour. Let's get going with some music today, hey if you haven't already help me out by hitting the like button, let's get more people in here for power hour. It would be awesome if we could get up to like a thousand likes, so that would be uh mucho mucho appreciated, which means a lot a lot of have appreciated. Can we get some magnets? Of course we can well.
Let's do some rocket chips today. They worked well yesterday and if it ain't broke, why fix it? You know uh, but let's also get the party going on about kenny in his ivory tower shaking in his lilly bones, as the eggs overpower must suck to lose to a monkey so dumb. But you made your bed and you got nowhere to run i'd love to be a fly on the wall when he makes the price fall and he's watching, as we keep on forgot. We're on the floor blind two hours: money coming through through us monkeys on the moon, double digit, iq, candy, loving, bamboo right here we got more smoothies than a jumbo juice, probably thought you could've made us all the gooder in hell we maybe wouldn't, but we must Handle the boot of the floor, six figures, ain't selling for less. You took on the ape nation and you're with the best we hope for each other, my sisters and my brothers, the fathers and the lovers. We don't need another fan, because we huddled through hard times and struggle cause. We just a couple of dumbs in the room. Give us the money.
Oh brother, oh brother, brother, brother, oh brother, we're getting the music going, it must be, must be tough to be the citadel intern. Today. Is this just nuts how this stuff comes out of nowhere, but remember - and this is important - and maybe this is something that wasn't so, i guess so apparent in the like the last time of excitement, there's so much more to the market than amc and gma there's So much more manipulation, there's so much more money making opportunity. I am here 100 and i don't really care if this pisses some of you off i'm here for what's moving in the market, i'm here for the interesting market stories right now that includes amc and gme, and they will always always hold a dear place.
In my heart, without a doubt, and i would love to make money on them and i would love to use them as a story to improve the market around us, but i am not beholden exclusively to amc and jimmy. I will not for the remainder of my career, follow, amc and jamie. Please please, please only hit that subscribe button. If you care more than just amc and jimmy, i love them.
I love them. I love them and i hope they make me a lot of money and right now it seems like they might, but this this is about what's going on in the market, this is about becoming a better trader. This is about becoming a better investor. This is about fashion advice and real estate or real relationship advice.
I can't give you real estate advice. I don't know anything about it, but we're here just to talk about the market in a general sense: the stock market, the crypto market, all of it just the craziness of markets. This is not an amc, gme channel those channels out there they exist. They will not be around they're going to end up crashing and burning.
For me, i've been trading for a decade. I love this stuff and i didn't just start training with amc and gme. I'm not going to end it with just trading with amc and gme that doesn't really make sense. There's always going to be more insanity in the market, more money, making opportunity and more things to learn about the market um.
So with it. I i just want everyone to know if you're new, especially this, i love them. It looks like they're about to go crazy and make us some money, but please, please only join up with this group, the moon gang community that i've grown to love more and more. Each day, if you actually care about like more than just this, did i end up getting into imp no cause like i have exposure through uso to the oil world right now. What's what imp just popped out of nowhere uh, congratulations to everyone in it! All right! Amc broke 22.. I mean i'm telling you my next, like i guess, like i'm stoked but like this is just this. Isn't a big breakout like the next big level is, i think, the high 23s, like i don't see much stopping it for more than a dollar. Like uh we're on cruise control right now like let's just keep going uh apecoin is at a three billion market cap.
Baby apecoin babe is only a 2.6. It's almost 100x from here. If it does one fourth of apecoin mc - that's 300. yeah, but we've seen all these like babies of other coins that we're running and usually there's just pump and dumps.
So like there's no way, i would touch it. Matt. I've missed out on a lot. But why is the market so green and why is amc and gme skyrocketed, so they're in terms of amc? There really hasn't been too much uh like news like fundamental developments, but there has for gme um.
Some people will be citing the hymc thing um that particular deal. I i don't find it that exciting, like that stock hymc, i'm not going to be investing in it. Just because there's a lot of dilution going on uh when it happened, it was 100 million dollar company and then, when the announcement made the the partnership between amc and hymc uh, they announced the 500 million dollar dilution. I'm not going to buy a stock that i know is actively being deluded.
It just doesn't make that much sense to me, but in terms of gme they had their earnings announcement last week and then fast forward to this week, all of a sudden ryan cohen's buying a hundred thousand more shares. So now his total ownership is 9.1 million shares of gme and they released the beta for the nft marketplace, and it looks like we're going to be like fully ripping with that by, like june of this year, uh. So there's some exciting things going on with gme and then similar to what we saw in january of 2021. Gme is kind of like the o.g, like granddaddy of all.
These quote: unquote: meme stocks, at least as media would refer to it, and it seems like these other ones, kind of follow it. We have seen points of over the past year where amc kind of led other stocks, such as in june, but this time around it really does seem like gme, is re leading the way uh carson stop cohen, bought 10 million more today, uh was that reported. I was looking for that. He bought 10 million yesterday and maybe people are late to reporting it, but i was looking at the sec filings and uh.
That was yesterday, but i mean potato potato yeah right here. He bought another. He went from 9 million to 9.1 million uh, so that was yesterday on march 22nd. I didn't see a new sec filing there's. Probably people reporting it today, like just a little bit late right here. The spy battling it out at that 200-day moving average og gme is the bitcoin of meme stocks. Very much feels like that. Very very much feels like that.
I'm just so, i don't know the future of gme, as a company really is drastically improving in like a verifiable way with this nft marketplace. If they execute it well i mean it could like really redesign the entire company hashtag where's rahul. What happened? Why dip hard? Why did? What did part amc is up 19. Gm is up 16.
It that's, not a they're. Both green remember, don't get too crazy with like a short short time frame like you got. If you're watching like a minute to minute, chart you're gon na drive yourself nuts, i think it's easier to watch the bigger time frames. Like the half hour, the daily chart uh a minute to minute.
You can't see like three back-to-back red bars and be like. So there's manipulation, that's just not how it works. That's not like three minutes of redness when you're gaining on the day. That's no need to call for manipulation.
Imp is just going crazy, as crude oil is battling at 115. 115 on crude oil is a very important level uh for anyone else, who's playing oil right now this is actually let me show you on the four-hour chart. Look at this rejection. Rejection, support rejection right where we're at crude oil is at a key key level.
This is equivalent to like gamestop at 160 or amc at 24, a very, very incredibly important level. If oil can push this, i think it'll quickly go to 120 and then after 120, i would be watching 126. gme. Let's see how we close this out.
Can i look at gold? Happily gold's been taking a little bit of a breather recently g c. Well, if i type it in right, i got to go over to the futures, all right gold, so it ripped all the way up to over 2 000 an ounce took a breather. Now we have lower highs higher lows, but it does look like he's trying to break out uh. I would say this is a trendline breakout and i would look for gold in the short term to push to 1960.
After that i would watch 1980.. I am p who how many of you are in imp right now. I i have no position in it, but that's just crazy like is there news on it or something there has to be something i am pp, let's see, what's going on watching empower hour, inpp, i'm not really seeing a piece of news, but the numbers on imp Are pretty crazy? Let me just show you what i mean: 33.1 short interest, a cost and borrow of 237 a utilization of 100, it's on the threshold list, and it's in the oil, petroleum world, imp and i've said this. The same thing with indio.
It is a powder keg and oil ripping is the thing that will like put a match near the powder keg uh imp indio can do crazy, crazy stuff. If you're looking at their basic metrics like this thing, it could really really go and i'm saying that as a person with no skin in that particular fight with imp or i and deal, but if you're, just looking at the numbers and also realizing the industry, that It's in it's the people who are shorting. Those two stocks right now are really really playing with fire really playing with fire. Hey mart. Are we going to the f and moon? I very much hope so it has that kind of vibe, but right now people on inp they're on some sort of a rocket ship. That's nuts! Oh they close this stock offering see this is kind of something uh. When you announce an at the market, offering usually you get hit a bit, but then, when you complete it there's a bullish break. Why is 22 hard to break because people are probably selling at 22.? Just dropped 80 shares in into it like an idiot? Let's chase: hey matt, i hope you crush it.
I hope you like, like i said if they completed their at the market, offering and then oil rips, and it's at that breakout level right now of 115., if it can hold 115. I think it's easy sailing. All the way up to 120. and then from there i'm watching 126.
and personally for me, with my uso, calls. I need oil to go like considerably higher. Now we see some people chasing imp. I would very much wish that you guys didn't chase very much widget.
All right, let's see what some of the whales are doing, amd call call call uso, call call all right we're getting some of them. Uso calls. Let's go for a little bit of confirmation, bias all right. What do we have here? Okay, they do it per day.
Call call premium the calls are dominant interesting. What else do we have on this bullish? Premium? Bearish premium is the bullish premium. Picking up total open interest took a little bit of a hit. How do i like there's no way to zoom in this, is like way too much? They need to make this, so you can zoom in a bit more.
The price is going up, and so is the bullish premium in the past couple days. Well, that's enough confirmation bias for me: i'm happy amc and jimi. Taking a little bit of a dip, amc tried to get a break out there and then it got smacked pretty brutally and then gme also was looking strong and got smacked all right. But we're about to start power hour, i mean we still have 60 minutes of trading it ain't over until the fat, lady sings, uh wait.
What did steven say? Stephen someone said what stephen said: the tax reproduction of yeah, that they pay the tax. I'm well aware you get billed for taxes, but also stephen. I don't have uso stock. I have uso calls like so i'm playing the derivatives market on uso powwow hour the start of power hour.
I think after i was going to go crazy just like yesterday, who knows, i hope it does. Uh kramer posted someone said: is he mad at us again, kramer, remember no profit taking in amc or gme allowed. You will ruin it for everybody. That's pretty funny. Obviously, he's saying it as a petty type of a thing um, i unders he's being petty, but i also want to share my opinion on this that you take profits when you want to take profits like he is in this particular instance. In my opinion, throwing a jab at some of the people in this community that i actually don't agree with they're you're in this to protect you and your family uh you're in this, for your money and your family's money. So if you have a particular goal, when you you're like hey, if it gets here, i could pay off my student debt. Hey if it gets here, i can buy myself a house hey if it gets here.
I can put food on my table for the next week. You got like you, don't listen to these people who are trying to like cyberbully you into something if you've done your dd and you're like hey. I think i'm looking at this this and this and i feel comfortable with this type of training. You follow your plan, not the internet's plan.
Crim jamer is the real goat. Crimjamer did someone make like a funny account crim crim jamer? What else is going on? What else is going on what, if tonight, on mad money, cnbc what's going on in the world agreement on iran deal is neither imminent nor certain probably deals with gain like gas prices? Well, really, oil prices, russian communications regulator has blocked google news. Google news, u.s crude oil futures settle at 114.93 a barrel. We've got to pump them numbers up, biden will address media after meetings in europe.
U.S feels good on ukraine. Air defense, progress, nato members will discuss immediate need to shore up on a rotational basis. Okay, russia's proposal on iran talks was not accepted. Well, these iran talks not looking good, no sign of china sending military aid to russia all right, nothing too, too.
Nuts. That, i think, would impact the things we're kind of paying attention to all right, a little bit of a poppity pop pop pop a little bit of a poppity pop pop pop, oh brother. We gon na get that power hour what i am pp, squeezing no! No! No, they closed their offering. It was like a fundamental development it could squeeze, though it definitely has some interesting underlying metrics.
I am the more and more i think about it. If i'm being honest with you - and this is maybe me mentally on my own tilt - the more and more - i think about it - i just get so so, enticed by gme, more and more enticed on this concept of yolo call options. It's a danger, but boy. Oh boy, is it fun? Hey mart, hey mark matt, give us the tl dr entree.
Wait did something happen. Detroit is everything okay, the tldr entre. I don't know what that means. I hope everything's up hang on now, i'm going to twitter.
I have no tl tl. Dr to give it sounds like you guys need to give me the tldr thoughts on apecoin. I mean i'm in it. I have a small amount. The owners of board ape yacht club and now me bits and now crypto punks just got like a huge funding. They were valued at, like 4 billion. I feel way more comfortable about the likes of like bitcoin and ethereum, but i have a little skin in the game just in case something goes crazy with it what's going on with trey. I don't know.
Why are people i feel like people need to tell me what's going on now? I'm lost uh yeah. I don't see any. I don't think there is anything going on uh. He did just sweet how about instead of bullying amc jimmy investors like a little, he just talked with one of them like a normal person.
I he seems all good to me. It's called kramer a little pretty funny. Uh all right well looks like the hedgies are on to us folks, and we're gon na have to do a little bit of a different action to get some greenness in this power hour, and luckily i came fully prepared more than prepared some would say. Oh brother, they want to fight dirty i'll fight dirty.
They think they know how to fight against rockets. Well, what happens if we switch it up on them? You know i'm not even gon na mess around with small magnets we're gon na start right at medium sized magnets they're gon na play dirty we're gon na play dirty they can. They can have as many synthetics as they want, but boy, oh boy, do they not have magnets on their charts? Today i learned that the average net worth of a 30 year old in the us is minus a thousand dollars. I've never been so happy not to be average.
At 37. My net worth is minus 142 000. uh someone's asking about mullin uh down four percent of the day. What was your question is consolidating very healthy wait was what is your? What is the true short interest on mullen um? It that's actually kind of tough to answer when you're saying true short interest.
Um, it's i don't know if that's known, because we don't know how many warrants have been executed upon. So we don't know the current float made 140 on amc calls today pulled out my profit and my initial investment. Let one runner congratulations! That is so so cool, i'm stoked for anyone making money and i'll be the guy who tells you i don't care what you do with your money. If you want to buy amc or gme or cheetos or sangria or a duck shirt or whatever i don't care, have at it, it's your money seriously.
Massive congratulations! Buffalo mike this is cod yeah. This is the new version of call of duty uh bought. My amc calls back then sold more for 24.50 brother. Where do you buy options, think or swim, and also i post all my option trades on locals.
So if you want my option trades or if you want to post yours and share them with a cool group of cool people, uh, it's all on macquarie.locals.com, actually we can. What did i just post on this uh macros locals.com? What was the last thing? I gave a spy signal like about the spy, like not me, spying, like not like i'm being paid to do espionage for a country uh right here, spy update. This was about an hour ago, 200, moving average simple, moving average 446, not holding bearish in the short term until recapture and hey that's holding true um. What did i post this morning? 323 watchlist spy's reaction to 446, the 200 moving average oil showing strength. That is, is it is trading at 115 and obviously amc and jimmy, and i i posted that before the market open and then, as you can see, other people are posting what they're trading and what they're doing uh pretty cool community, but the it's called locals. I found that it's a little bit more uh accessible to use than something like discord just because, like similar to those threads, you can come back and track it uh here i'll post that in chat and then, if you're, on rumble, it's easy to find. And here i'll give it to you guys in twitch as well um. What's the current dd on amc, i'm not really sure what that means.
The the dd is the same um the dd hasn't really been changing. I would say recently the dd on gamestop has been changing because you could do like theoretical breakdowns of the fundamental value of an nft marketplace, but the dd on amc. It's done, there's not really much more dd to be done. Eight movement moving back into the headlines.
Roughly exactly a year later, a year and a little bit of change power hour, all right, we have about 50 minutes ago. I guess the magnets are taking a little bit of time to turn on, but hey that's expected. Sometimes magnets aren't your best workers. If you sell all, but one share of stock and buy back in, would you get hit with a wash sale to my understanding? Yes, who is even selling um someone out there? I mean you just have to look at the volume volume on gme is 22.6 million shares, as in 22.6 million shares were bought, as in 22.6 million shares were sold uh, it happened simultaneously.
On amc, 153 million shares were bought and 153 million shares were sold. Now it could be the same shares like a picture like a group of one million, like a block of a million shares you and i could trade, those back and forth, and then the volume would get jacked up to 153 million um. But this concept of like no one selling, it's more of um, like i guess just like a hype thing for the retail. It means that, like people are trying to say that apes aren't sung they're trying to say that hey the apes still have diamond hands, but to say that like to think that it's like technically true or like very specifically true, well look at the volume.
And you know how many shares were bought and sold in the same day um. Are they all unique shares? Probably not. It's probably high frequency traders like bouncing some shares back and forth like it could be the exact same share. That's just like, like, like a tennis match, just ping-ponging uh, that's probably a good portion of it, and maybe some of them are block trades. Maybe some of them are retail. Maybe some of them are hedge funds, maybe some of them, like yesterday or ryan cohen, buying a hundred thousand um. It's a big combination of all of it uh. Oh, i got a text, my completely real girlfriend's, probably angry at me.
I got us a tour of that place. You like different unit, same building, hey, that's a piece of positive news, a little piece of positive news day traders buy and sell over and over yeah day. Traders are doing well a lot. What's the last time i checked this metric and i'm not saying it's specific to amc and gme.
I'm saying for the market at large um about 70 of trading volume in the entire market on a daily basis is from high frequency traders. 70. That's huge um! So when i say, if you've never heard of a high frequency trader, also known as an hft um, it's these. Basically, these, like liquidity provider trading, algorithms that are in and out of a position literally before you could blink your eyes, like they'll, buy a thousand shares here.
They see that a whale's coming in and they quickly sell a thousand. But this is we're. We're talking. Portions of a second, but overall, if you're, looking at market volume, roughly 60 to 70 percent some days upwards, the 70 is attributed to high frequency trading, not hedge funds, not retail, not big banks.
A majority of trading is now done by high frequency trading uh. Can you give the magnet some push or pull upward with a little rocket? It seems like we might need something. I don't look. Let's get the blue magnets, the medium-sized blue magnets a little bit more of a time to do their thing, but we might have to switch it up.
How do i get in on a high frequency trader? Um you'd have to work for one of them, which means you'd have to have like a a phd in some sort of stem related field, most likely hope, amc moon. So i can buy a real doll girlfriend like you like you. What voice did you give her? I'm just gon na go with fran treasure that vocal fry is next level, allegedly a real girlfriend matt thoughts on nine over the past couple weeks. Please, nine nine nine energy is this another oil field, so another oil play uh kind of actually looks like indio or impp um.
Basically, your risk at this point is 242 and you're looking for the breakout of 334, but it i it looks like it's going to be associated with the run up in oil, which is getting spicy as we get oil might be doing its own thing. I hope oil squeezes. I really do well. Is that, like a dick thing to say 100, if oil squeezes it's, it's gon na suck for everyone, your gas bills will go up.
Your everything related to energy is going to go up and all of a sudden you're going to have people like the fed, like biden like uh, camel hair like all of them all of them everyone's going to be like you know why inflation's bad right now, it's Because of that coors kid he was long on oil. It will suck, but am i that selfish and petty to say, hey, let's screw over the entire world, so i can make some money on this trade. 100. If me crushing, this uso trade relates to everyone paying more at the pump like on the entire planet and like i'm, just the known one who benefited off of it. Oh sign me up sign me up again and again and again i am yeah. Do it they're going to be like look at inflation, it's high, and it's because of this kid and then it's me and it's just like in my doctor and he's like he made money off oil. Do it do it, do it do it? Do it sign me up twice, i only want stocks to squeeze. I want oil to squeeze, i want it.
I want everything to squeeze just. Can we just get a whole market squeeze everything to go up. Do you have any option positions for amc or jimmy? I do not? No, no, no! No! No! No! No! No! I do have you can see my stock position on uh public, but as of now no options, no options. No options felt like a little bit.
Chasey. Oh here we go, someone said ladder attack, just trying to trigger me that really this whole thing has been like a crazy um human psychology experiment and the latter attack is still one that is just like fascinating. Everyone just saw one post on reddit and then they're like we're gon na regurgitate that, and it was regurgitated so much that everyone's like it has to be real. Like i'm not kidding.
If you search ladder attack, the only google hit is going to be a reddit post. There's like no actual finance book financial me there's nothing. There is no documentation whatsoever about a ladder attack than just read it and everyone's like no, it's real it's. I read it on reddit: is it possible just to live off dividends? If you have a big enough account yeah brennan uh? What do we have oil? Picking up, you know, what's being ladder attacked right now, speaking of ladder attacks is oil, and do you know how easy it is for oil, literally called black gold to get lost in dark pools? If i lose money on this oil trade i want everyone to know.
Is it because i'm a bad trader? Well, i'm a bad trader, but that's not why i lost money on that trade. If i lose on oil, it is exclusively because of ladder, attacks and really dark pools. We're talking oil, which is very dark in nature and then dark pools. If i lose it's, not my fault, greta guttenberg wants an interview.
Did you hear that ramona have disabled instant deposits now and there is a four to six day wait time, what a sneaky way to suppress new buyer fomo from the public who won't know to use another broker? That is pretty sus we're only up 13 on amc. This must be manipulation. What's going on adrian dude ladder attacks are real. I left my ladder out last month.
I went to use it in a wasp had built a nest, i sure got ladder attacked uh. What are your thoughts about on op, paying a dividend? I marine shipping, is it paying a dividend? Is it not? Is it? This looks like just like an awful it just started trading it ripped it sold off. I don't think they're going to be, i don't even have to guess, but i'm assuming this company is not profitable. Oh look at that. They are not profitable. The chance of this company paying in a dividend is slim to freaking nun. I got ladder attacked by my attic once uh ladder attacks are real, they just are called wash sales wash sales deal with taxes, though that's different. I have 36 someone tell me what to buy.
You have 36, you could at least get like 10 boxes of cheez-its. With that easy, easy investment, you have to pay taxes on ladders, hey matt, thoughts on apecoin. I bought some just to see if it gets the fervor of the crypto community. Uh i'll write it, but it wasn't a big position.
It's actually in fact not even one percent of my crypto portfolio, so a little baby, but i'm ready for it to ride. What's the ticker for oil, there are many tickers that would in one way or another, be correlated with the ticker cl, which is crude oil uh. So you could look at uso. You could look at oxy.
You could look at something like exxon, like companies or exxon, or was it cvr wait? What's chevron cvr, i think nope ron cvx is chevron. Um chevron is ripping today, chevron, wow, wait is exxon. Doing the same thing. No, oh xy! Is that doing this? No, you guys c v x, you see what chevron's doing holy guacamole batman chevron taking its pre-workout a little bit late in the session today, oh oh matt loves marine shipping.
I have a dark pool in my driveway right, where i parked my 73 chevy. The only thing worse than a ladder attack is the chute's attack throws ladder through basement ceiling. Take that cap papi all right. It's time for someone to turn on these magnets, i paid big money for these blue magnets.
What's going on um, if you want to know my favorite oil plays boy? Oh boy, do i have a video for you uh? How do i find me like my channel videos? Luckily, luckily, for you folks, i made a video my top three oil picks. Well, now that oil is back over 100 a barrel and you've already been paying an arm and a leg just to fill up your car, you might be thinking - is there some sort of investment that i can make to help offset the increase in energy related bills? I want to talk about three stocks that at least i'm intrigued in that might answer your question. Number one is chevron. I know you've heard of it.
Ticker symbol, cvx, similar to what's mobile, but the reason i like this one, a bit more is just because of what it's doing: to fix its balance sheet to improve it and also its work in the world of renewable energies. Number two is devon: energy, ticker, symbol dvx i really like because it has a sky. I really like that of almost seven percent and number three. I need to pause that from this ugly. Looking kid devon. Energy has a variable yield in terms of its dividend so, depending on what's going on that quarter, you can actually get more. So it's like a percentage thing, so they have a base and then you get like kind of a kicker on top of it. Devin is a good one uh if you're like a dividend player which means you're kind of a longer term player.
But if you think energy is going to go higher and higher. Dvn is definitely one like worthwhile to look into oh xy, occidental, petroleum and this one. Our boy warren buffett just bought up almost 15 of the company within the past two weeks, we're talking about 15 billion dollars, and i do not mind riding along with this whale well now that that one's done. How do i get out of this amc? What were the other shorts guess who's back on their me that close enough, maybe you weren't listening.
Maybe you were only listening and, like you didn't see like the visuals of this, but like i'm, i'm on my just to clarify you know what else is on their? The market, the market's green, the market's ripping bottom left top right type of action. What are the call-outs? This was made days ago? Not only the market is on here, not only the equity sphere, but the option. If everything's green, you just buy and you let it rip, are we back to this crazy, total style type of a thing where it's just like up up and away all right? I'm not saying i manipulate the market, but i am saying that was posted three days ago. Guess who's back on their.
I said i'm back on my and then hang on. Stick with me. This we're gon na do a little bit of live dd uh. What is today today is like tuesday or something right tuesday, maybe uh.
This live dd session is not going as well as i thought it would. Okay, so how many days ago was this. This was streamed on march 20th. So this also happened not that long ago.
Right here date, march 20th, i unveiled a new shirt boom. Look at that so you're telling me that, back to back, we get evidence, guess who's nasa shirt back on their bull, someone's back on their and then boom right away. A new shirt which i like to think represents the dichotomy between the haves and the have-nots very stylish, duck shirt and then all of a sudden we're seeing this in the market we're seeing everything start to rip we're seeing amc and jimmy go bonkers. I'm just throwing out some facts.
I don't know you could take it. However, you want you could take it. However, you want that that type of dd - that's not something you're going to find written up on reddit that type of dd. You can only find in the depths of a dark pool, just just some fact: man we're just i'm just i'm just calling it how i see it, i'm just looking at facts and you can interpret it.
However, you want imp is ripping again. I am pepe. I am pepe, it is ripping again along with cvx here. Can i put mullen on my board mullen's right here, but it's down 12 cents on the day the haves and the more halves did we discuss inp um kind of we said whoa, that's up a lot. .
All god Matt
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