An elevator on his way or up to the hotel room of my fiancee. but I've never made it there cause think I'm tearing through my life like a tornado coming on hot and Big Potato she spin me around it. see you later on I hate about another. Instead we caught the red eye to Dubai she was blowing through my door like it's growing out of style.

Sensible guy looks like God died when she comes. Everything my life, my life with a tornado probably not hotter than a big potato. She spin me around and see you later on. Most of my friends and half of my mind so messed up.

It's a little funny and beneficial that she was mine but now I'm alone trying to get right and she walked into this room tonight I'd say baby, won't you come to everything in my life like a tornado coming on hotter than a big potato. just spin me around and see other Rich dead I Wanna hate about another instead Oh brother oh brother oh brother oh brother Good morning, good morning, good morning I Hope you're having a good one. Welcome back to another episode of The Mad Core Show we are today. We're gonna exclusively focus on how I'm not only the best Trader on this side of the Mississippi but we're going to focus on how I'm the best fisherman on this side of the Mississippi Folks through hard work, perseverance, and a little bit of grit, my fishing level on old School RuneScape is now 50.

I am a level 50 fisherman and folks you could achieve it too. Honestly, you could achieve it as well. Just if you you just have to have some confidence in yourself, you just have to put in the work and grind it out the same way I did. It's not easy for everyone in the world to buy digital feathers, a digital fly rod, and stand near a river all day and just keep fishing and fishing and fishing.

So I just want to put that out there. That is there something different about me? Of course there's something different about me. I've learned the way of water I've learned the way of our aquatic. Brethren I'm looking at you now as a reformed man who just arguably figured out life, arguably figured out life.

So if you notice like more of a calm, cool, collected nature to me, today, it's because I'm one with nature. At least digital nature if you will. So obviously that's going to be the Lion Share of today's show. If you have any fishing questions, please pass them over to me.

Um, I'm happy to set everyone on the right path. So obviously we'll be getting into that. and maybe in a little bit of our down time, maybe just a little bit of our down time, we'll be discussing what's going on in the market. So listen up for all of that.

maybe a little bit of Market talk. Make sure you're on locals because I did post a trade for today. There's a little bit of an upside Gap fill that I Think could be interesting and we have a little bit of breaking news to get into as well. and that goes by the name of AMC and it's not good.

AMC is getting absolutely slaughtered. The you know how I'm a big metaphor guy. A big analogy guy. You guys come here for my colorful descriptions of the world that surrounds us.

Well, The best way I can describe this one is imagine if you were sitting at a dinner table and there was other people sitting at the dinner table with you. and everyone's sitting at the dinner table represented a person who's invested a name. Scene literally saved it from bankruptcy. Uh, saved the jobs for all the board members.

Save their fat fat paychecks as well. Don't forget. Adam Aaron is being paid over 20 million dollars a year? Now you're there. Maybe a little bit of lower yellow light, a little bit of ambiance, music in the background, you're enjoying a nice meal with your family and friends.

And remember, everyone in this particular analogy does represent saving. AMC Now imagine Adam Aaron comes up behind all of you and slits your throat and as you're all dead, he goes and steals your wallet and takes your money. That's the best metaphor I can come up with. and if you don't honestly think about it I think it's a pretty accurate metaphor.

Um, maybe he's there with. the CFO Sean Goodman Maybe it's not just out of America Maybe it's the other board members of AMC Maybe it's kind of like they formed their own SWAT Navy SEAL Team and they like kind of break in through your windows, but still, the end result is you all get murdered and they steal your wallet on the way out. So that's what's going on with AMC They're just announced a dilution of 40 million shares which is considerable beings going into. today.

there was 158 million. so it's dilution to the tune of about 25. That's why the stock's down 15 right now and I did the quick math for you. We're going to be getting into this I know there's going to be more people kind of tuning in later.

so I'm gonna have to repeat myself for them to pull this dilution off to the point of paying off all their debt. They would have to, at minimum be selling all these shares at roughly 125 dollars because there's they're diluting 40 million. they have about 5 million in debt. The quick math is about 125 dollars a share, which is considerably far away from where we are right now.

In fact, we're not even at 10 of that value, which means we're not even looking to pay off 10 of the total debt burden. I've said this before. I'll say it again I Don't know when this will happen, but I Personally believe if you look at the trajectory of what's fundamentally going on with this company I Believe the company will end up in the hands of the bondholders. So AKA it'll end up in the hands of private equity and they're gonna do a bankruptcy restructuring.

Which means all Equity holders are absolutely screwed. Because remember in terms of the priority table in a bankruptcy situation, Equity is at the bottom of importance. It's the lowest level of priority. Which means all Equity holders are like just screwed and someone else will end up owning it.

and then who knows, maybe we'll keep it on the private Market maybe they'll like restructure it and put it back onto the publicly traded. Market But whatever it is is, equity holders get absolutely screwed. So we're going to be talking about that. Um, it's just.

it's insane. This is what the yes voters voted for. They voted for essentially unlimited dilution and there's no approval from any of us. They could just do it at their own free will.

That's what the yes voters voted for. So all these absolute like, just like creatures, these Twitter dwelling losers who are just lying to you time and time again who are like, barely like, just barely can tell their difference from their ass to a hole in the ground. We're talking people with a single digit IQ who truly know nothing about the market, are continually telling you as things are getting slaughtered, that it's good, It's good, It's good. It's good.

Uh, things were good for a bit. Things were very good in 2021, but by the time 2022 came around, started to get shaky and by the time 2023 hit uh, it was an absolute dumpster fire. At least dumpster fires have some value. They could provide some warmth.

I Don't see anything that has been going on with AMC that is like of providing value as soon as there's a little bit of good. Uh, an announcement, a legal development and it goes up the board. Adam Aaron himself finds a particular way to absolutely destroy it. Recently there was some positive news partnership with Taylor Swift High popularity to watch her concert in the movies and what a day or two after that they're like, hey, guess what, We're also gonna dilute it to the tune of 25 and drive the stock down after it's already cratered.

What? 50, 60, 70 80 depends on the time frame you're looking at. Um, but after it's cratered really from its high till now 98 Uh, you might as well just hit it with another 15 drop. It's just it's insane. It truly is insane.

and now it's to the point that it's just a hardcore cult at a certain point. When this all started with GameStop and Wall Street bets, it was fun because it was people in on the joke, they were in on the troll and they brought up some pretty good questions of maybe this isn't the best way for a market structure to work AMC Basically only became a thing because it copied Gme. make no like, there's no question about it AMC would have never been what it was if Gme didn't first happen like that's just factual. That's not really an opinion here.

Um, it's just people who thought they missed out on GMA a little. Can we do it again? And they kind of did pull it off with AMC And then people overstayed their welcome and The Telltale sign the fact that they overstayed their welcome. How we know that they did it myself included. Is it turned from oh, this is a swing play.

This is a trade in active trade versus a fundamental investment. As soon as the active trade didn't work out because people were like no, no, no by the time it goes to 72, that's not a squeeze at all. This is what it should be trading at. uh, and then obviously it came down from there.

They're now trying to pitch to everyone in the freaking world that oh, actually, we we like it now. Fundamentally, if you like AMC fundamentally. uh with all due respect I Just don't think you know how to do fundamental analysis if you believe in all the things trading in the equity market right now that AMC is even like a top 500 fundamental option, you're just wrong. Like it.

It's just. it's just you don't know. There's a lot of aspects of the market that are opinion. but then there are some things that aren't so subjective.

They're objective you. We can measure numbers. We can compare these numbers across different companies, and the numbers are just not that good fundamentally for it. Why do you think they did a reverse stock split? Why do you think they're doing a like selling more shares to the market? It's because it's dying.

It's floundering right now. it's drowning. and for whatever reason. Adam Aaron has seemingly made the decision to find this drowning company.

and he's on the ship he's cruising in and then he's like, are you drowning and like the company is like yeah, like it's barely getting above water. He's like, okay, and then he comes up to it and he just shoves a garden hose in its throat and turns on the spigot as much as he possibly can to make it drown any faster. That's seemingly what's going on. He's like more, more, more and that's what we're at.

And I'm personally excited. And this seems to happen every so often. and today is going to be one of those days where there's clearly like, objectively bearish news. Uh, a market offering is objectively negative news because the demand stays the same.

Supply increases. Obviously, price has to go down. That's a like if you don't know that supply versus demand, you just weren't paying attention in middle school and high school. So on days like this where it is objectively bad, the copium today I Honestly, I I was too jacked up about getting 50 level fishing that like I really wanted to be the stream centered around that.

But what today's stream should be is us just going through Twitter copium for like two hours. We should just sit here, have a good old laugh, a good old jolly time, and like, look at the insane mental contortion, the ridiculous mental gymnastics that people on Twitter and Reddit are going to be going through to try to tell you that this is actually good. and I I've just never seen so many people susceptible to such. Just like an evidently proven thing, like they're literally trying to tell you that the price going down is good, that dilution is good, that the reverse stock split is good, the fact that Adam Aaron has bought no shares is good.

They're literally just taking some of the worst things and saying oh yeah, yeah, that's good. It's good that there's a strike. It's good that there's a writer and acting strike. It's good that the popularity of streaming is increasing.

the popularity of movie theaters is going down. It's good that there's been no major box office hits in recent history, and it looks like in the like, near-term future same situation. It's good that Adam Aaron is increasing his own pay. It's good that he hasn't bought any.

It's good that his private Equity friends on Tara and Mudrick are making a killing on this while just absolutely selling every investment that they have related to AMC and or Ape. It's good. All of this and they're literally just looking at bad things and trying to tell you it's good and then if you don't agree with them, they just like freak out. They just literally like a toddler and like just can't contain any of their motion and they just go on like a little tantrum and then they still turn around and be like hey, you should give us money to buy a billboard.

we're buying a plane. We're gonna do this that the other thing, it's just all lies. it's all lies like let's just I I Just don't get it I Don't get it I Don't get it. This was very evident.

The evidence started to stack up I would say at the start of 2022 and then by the time we got to Midway through 2022, it was clear as day with the announcement that they were creating Ape AMC preferred Equity units and that's why exactly from that day, I was even publicly telling everyone hey, I don't like ape I think this is going to end bad. It's all funny money and even before that I was I Thought it was weird that Adam Aaron was doing nothing but getting rid of his AMC stock. he was never purchasing any. So like I said, it started to stack up and then at a certain point and this is individual to each person, the evidence becomes so overwhelming that you're forced to reconsider what your own biases and I wanted this to work out.

uh and I guess statistically it still could I don't think the odds of it are very high, but like sometimes you have to just be so blindsided to take off your own blinders. and it's weird right now that I think a lot of people are going through this I think a lot of you in here, myself included kind of go through this phase of like oh, what's this craziness okay I'm gonna do it and then you're part of the group and it's working and everyone's excited and the energy is great, money's being made, everyone's having a good time like a lot of just like good feeling, a lot of optimism and then all of a sudden it starts to change and things go a little bit neutral and people are like, well, you're looking around, you're like okay, like I I think we're all still here I think this is good. it's just like whatever a breather and like it makes sense because the thesis is, there's quite a bit of manipulation and then it's things start to go south and as evidence Stacks up that's where on an individual level everyone starts to question what is or what isn't happening and at different levels people start to kind of go to the other side and be like whoa I think we're actually getting screwed like it turns out the guy running the company is the worst suit of them all. and I think now we're kind of the pendulum has gone the other way where so many people are like finally realizing it that it's weird to see that very small and albeit loud minority who are still supporting this like they're They're just crazy people.

like name one person truly like I don't mean this hypothetically. name one person who is still supporting AMC and the actions of Adam Aaron and everything who like doesn't just come off like a truly insane person. like we just have internet bullies. We have people who look like actual legitimate meth heads.

We have people who are credibly accused of sexual assault. We have people who are grifting this. that and the other thing it it blows my mind like just look at them, look at their pictures. They're crazy people.

They're literally crazy people and it's sad because crazy or not. I Don't want the average person to be losing money like I I Still view my alliance far more with like retail even if like on this particular play. I Don't agree with them I Still want retail to be successful because I fully understand how difficult it could just be out there in the world I Still think there's aspects of Wall Street that are highly manipulated and should be fixed for the betterment of retail and just the economy and Society at large. but some of this stuff it just pushes you so far that like it's just bewildering, it's absolutely bewildering.

So I know more people are going to be coming in, the numbers are already popping up because things are going crazy. So The plan here is I will read: visit AMC share all my thoughts, but I'm mainly going to dive into the actual news of what was just announced, but we're going to wait for the market open to see what's going on there. Uh, so we're going to be doing that. Uh, whatever.

30 minutes into the trading day, 45 minutes into the trading day? Something like that because before we do that, there are obviously like other things that I would argue are important. Hang on, let me see if there's any questions coming from you guys. All right, not exactly at the moment. In fact, a lot of you are saying okay, that's great, we'll cover AMC but there's also other important things to cover.

and I fully wholeheartedly agree. So on that note, let's take a look at the Spy This is a classic topping pattern. You pop up, you come down, you make a low, you pop up, and you made a lower high. So this to me says that the Bears are currently in control.

Obviously, we have a bit of a gap down situation right now. Yesterday we closed at 4 49 24. We're currently at 448.33 I Did put this into the locals Community but I think there's an upside down opportunity to yesterday's low at 449.17 So paying attention to that today. I Don't know if I'm personally trading it I might be trading it, but I just wanted to point out that there is a nice upside gaffle in the spy and that one does actually not exist in the queues.

but overall the cues the tech sector. A Little Bit Stronger Things were weird yesterday because oil really started to rip on an announcement from Saudi Arabia Really? OPEC of hey, they're going to keep their sustained 1 million uh barrels per day cut until the end of the year. So once again, this is what happens when you have lower Supply when you lower Supply prices go up when you increase Supply Prices go down. The fact that there are people in the retail Community who are too Daft to possibly understand that blows my mind.

truly blows my mind. But anyway, stock future slip putting Wall Street on track for another losing session in terms of announcements and updates today. So right here we are Wednesday September 6th at 9 45 15 minutes into the training day we get Global Services PMI and then at 10 A.M we are getting ISM non-manufacturing PMI and then also prices So 9, 45 and 10 a.m today we have announcements and also I don't know why it's not here. Maybe it's because I didn't include Canada apply.

Uh I think while I know we are getting a Canadian right here. Whoa! Apparently Canada has four different Labor Days all in the same day. That's actually pretty impressive. Um, but right here, the interest rate decision.

Uh, that's coming out. Uh, also at 9 40. oh 10 A.m excuse me. Anyway, 10 a.m today we are getting the Uh the equivalent of our fed like their Central Bank and expectation is that their Federal fund rate will be at five percent.

So anyway, the Bank of Canada once again equivalent like to our fed, it's their Central Bank. We are going to be getting that decision at 10 A.M So at 10 A.M definitely be expecting some volatility across the market for various reasons. Trying to slow down means it may never overtake U.S economy for cash shows. So I'm Gonna Keep hammering this drum because I think it's that important.

But right now China's economy because of real estate. Uh, because of Shadow banking because of an upset populace. it's not trending in the right way. and I know previously that's a common thing to say is like oh, trying to like overtake him.

Um, there's actually new predictions suggesting that that actually might never happen, especially when you cross it with your population. Or I should say lack of population growth. Uh, they're definitely running into some serious issues and more. So I'm bringing this up because I think it's a good to have the counter Narrative of what I see on mainstream Financial media invest in China invest in China invest in emerging markets and I mean even some of the biggest Wall Street People have said that and I just don't understand the thesis really whatsoever.

Bank of Canada Poised to hold rates at five percent, but threaten more hikes must avoid repeat of January Pause that boosted housing market policy makers unlikely to declare Victory amid 3.3 percent inflation. so once again coming out at 10 A.M Today this is an hour interest rate decision unless you're in Canada than it is yours. But that's what's going on. so expect some volatility at 10 A.M Today Fed set to double its economic growth forecast after strong U.S Data resilience may lead to fewer rate Cuts penciled in for 2024.

Separate tracker for Atlanta Fed is at 5.6 for a third quarter I Do want you to know that at the end of September that's the next Fomc meeting? the next meeting for us where we're either going to get a rate hike or not and I guess while we're here, we might as well look at the current odds of the situation. So this is going down on: September 20th Market calendar. There's currently a 93 chance of no rate change whatsoever, so the odds are strongly favoring us. Just kind of coasting, which is what most people have been even just saying for a while now.

Um, and then if we start looking at November there is what, uh, about a 42 chance? Actually a 45 chance of some sort of rate hike? Oops, didn't want this at all. And then if we look ahead at December the odds are there's only 2.7 percent chance of a rate hike after the potential one in November So basically, if you were to summarize this right now, there's a decent chance of one more rate hike this year. I Wouldn't even necessarily say it's like a given uh, but the odds are saying um, what? Well like I Think very, very low odds of getting two more rate hikes. It's possible, obviously, especially depending on what the upcoming date is related to unemployment CPI Pce all that good jazz.

but right now I think the base case is about a 50 50 shot. Technically, it's a little bit less than a 50 50 of one more rate hike between now and the end of the year soaring US dollar raises alarm on China Japan escalates FX pushback. So this is kind of getting interesting. So the dollar Index tracked by Dixie This isn't just like I think sometimes people get a little bit confused of what this is actually tracking and what it's not tracking.

Remember Dixie dxy is the US dollar versus a bucket of other currencies. mainly the Euro Then followed by the Yen Then followed by the pound Then followed by a grouping of other currencies. That's what's in the basket, but half the basket is the Euro and then once again, it goes again the pound and blah blah blah blah blah. By the time you get past number three, who gives a after three, you don't even get a medal anymore.

So anyway, that's what the Dixie is actually tracking. And right now, ever since this low in mid-july the Dollar's been ripping I mean we came below 100 and it was a little bit of a liquidity grab. You could argue and we rip, rip rip. And maybe right here people were thinking oh, is this a fake out breakout and then it said uh-uh honey and then it's just started ripping more and we actually based on yesterday's close, this was almost a confirmed breakout.

So right now the dollar is looking very strong. Which means if you're looking at some of these other ones such as the Japanese Yen, here's the Yen and the dollar coming down. This is the Yen divided by the dollar just I Know, sometimes people invert it this way that way so you can look at the Yen. But overall, I Saw many of you pointing out yesterday that the dollar is very strong, so pay attention when what's specifically going on with the Euro, the pound, the Yen, and probably even the Australian dollar? AUD That has some interesting movements lately, so just wanted to share that I don't know how many currency Traders we have in here, but definitely important.

On that note, Feds Collins says policymakers can proceed cautiously on future rate hikes Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policy making. However, she noted that if the Improvement inflation date is fleeting, further tightening could be warranted. So we have some people who are finally within the Fomc voting members. Like within that cohort, we're starting to see some clear deviations between the Hawks and the Uh Doves For a bit there, everyone was unanimously voting on the same thing.

But now that we're getting closer to the end and this concept of a soft Landing of like, can we really just like Cruise right into it, it's starting to really not like I don't want to use the word fracture but we're starting to see some evident differences. Obviously, the doves are cool like hey, let's just sit back and like, let's see what's going on. Well, the Hawks are being a little bit more aggressive with the overall quantitative tightening approach. Also, not just quantitative not QT literally itself, but QT plus these interest rate hikes, so it's something to pay attention to I Don't know if I'm necessarily going to be weighing one of the voting members like their comments more than any others.

If anything, I Think it's just easier to rely on the data that we have available to us to give us the odds of certain situations. But I just wanted to share that because as we get closer and closer to September 20th about three weeks away. uh, obviously two weeks away, this is obviously going to be all more important. And yes, there are real world implications here.

Mortgage demand drops to a 27 year low as interest rates pull back, so interest rates are decreased to 7.2 and it was setting at 7.3 Uh, interest rates? They're just absurd right now. Absolutely absurd. If you are attempting to buy a home, I do not MV you in any manner because it looks to be a pretty particularly grueling process now that we have three minutes left. Uh, before that, Bell goes dang Ding Ding ding I Want to let you know that for today? Wednesday September 6th The seasonality slightly favors the Bears I Wouldn't call it neutral, but I wouldn't call it fully bearish I would call it slightly favoring the Bears if you want the seasonality data for furry I Give it out.

Just sign up backwards at Locals.com Five things to know before that: Bell Goose Ding ding ding today Wednesday September 6th What's ahead? We kind of went over that. We know there's announcements at 9 45 10 a.m today. Specifically, if you're here to know what's going on with AMC I'm going to be covering that a little bit in the market open. I'm going to be going over the filing and I'm going to be going over some of the or text numbers that I'm going to be going over.

how Adam Aaron is a grade a scumbag Disney's wildest ride So this is all about succession Bob to different Bob back to the first Bob and Disney right now got downgraded getting a little bit hit oil Cuts that's why Oil popped up to 88 out of the Metaverse. we have a lot of companies meta Amazon Zoom just to name three, forcing in some capacity their workers to come back to the office fed talk We just went over that with Collins we've talked about Walker Waller excuse me yesterday and I don't know I Don't think there's anything too surprising that we have to unpack there. So like I said in a little bit, we're going to be going over this. AMC Update: Um, it's crazy.

Forty thousand forty thousand. This is the prospectus. The date of this perspective supplement is September sixth. So it came out today.

Uh, truly truly mind-boggling So we're gonna be going over that. We're gonna be going over like what it does or doesn't mean, but it doesn't take much to realize that the whole situation isn't good. AMC is now down an additional 14 after getting slotted. So remember it just did a ten for One reverse split.

This is equivalent to AMC trading at a dollar seventy. If you rewind two weeks, This would be as if AMC were trading at a dollar. Seventeen Um, there's no if ands or buts about this one team. Adam Aaron is an absolute disgrace and there's no credible argument the other way.

You could try to do it, but understand that you're just a sycophant hopium, copium type of. Pusher Uh, on that note, the casino is open. Best of luck. all play responsibly if not have fun.

So for me, uh, in terms of the strategies, I came to a very very big realization when I was doing some testing last night. So one of the biggest things I noticed when I was doing testing on Piper is the there's a big difference between reality and Theory the theoretical back testing. The numbers produced there are seemingly not matching what is actually playing out. So I kind of try to figure out why.

and then I realized with these types of momentum strategies, it's buying on new highs in certain time frames and selling on new lows once again in certain time frames. And that's all groovy if you can actually get the fill. but I notice most of the time I was getting a disadvantageous fill. like because of slippage.

it was going not just a little bit against me, but kind of like considerably against me. And then I realized I had to do with an order type. when I manually place a sitting limit order to buy or sell, there was a lot less slippage. and then I called up tradestation.

I said hey, I'm noticing that the orders that are being sent are a different order type. how do I use the one that I would usually manually place to help with the slippage issue and trade Uh, Tradestation Basically just said you can't uh and I thought oh, that sucks So I think I need to go a little bit back to the drawing board I think the inherent concept of what this strategy is is solid, but I think my style of Entry Basically I need to figure out how to make the type of orders that are available to me in the code applicable where there is a closer match between reality and Theory. So on that note, I think I need to go back and I don't know what version I'm on right now. probably like 48.

So uh, back to a little bit of the the thinking board. I'm not going to completely throw in the towel on this because I think there is some decent promise to it I think I just need to I need a trade that actually hold I think part of the issue is the nature of how I'm trading. it's actually very quick. uh and I think I need to do it where it's holding a bit longer and I think my exit actually.

I don't want to say anything too much because like, maybe who knows, maybe my current ideas in all reality it potentially could be even worse. So I don't want to like be giving bad advice or bad thoughts or anything like that. So as soon as I like kind of hone in and figure out a way to make this style of trading, the theory match the reality a bit more where I'm just not getting I mean the slippage is so bad with these types of order types that is going from a positive expected value trade to I mean the recent data for like half of August in the first part of September to being negative. Um so we'll see AMC shorts are stucked I hope that's throwing, they're trolling me I I very much hope you're just like kind of making fun of the rhetoric that's currently going on.

They're stuck. You think they're stuck with massive gains. You're like, dude, they're so stuck. they're only up like huge percentage points.

So stuck, you know, like they're so they're so stuck. #choke on that. Draftking calls the NFL opening day tomorrow Traffic call Draftking calls: uh no, that's already baked in. Remember, you're making like everyone already knows that the season is starting so that's inherently already priced in.

uh, there's so suck. they're going to keep shorting it like just so they're like we have all this money. It's it's crazy. Should we look at some of the copium? Uh, as we're waiting for the market to keep opening up here? Uh, I Guess we now know why AMC was being quiet.

He didn't want to discuss how he was about to destroy the stock. Uh, he wanted to drop an offering at all times low best CEO ever. Just dilute the stock 100 and get it over with about two. which is crazy.

Must have been with any chance from here. Matthew I Have no idea Matt Core's piece setting down. damn he got me. That's a good one.

Sometimes they do when I'm tired, like when it's in the middle of the night and I don't want to turn on the light and I'm worried about like peeing all over the seat. I'll sit down I'll admit it. I'm man enough to admit that there are circumstances in which I pee sitting down and it's mainly in the middle of the night when I don't want to turn the light on. So facts, uh, no one.

You're right all along that he's just a suit scumbag. You sound dumb. Mostly, you sound short on the company I'm not sure I'm actually long on the company and my position is publicly available I'm surprised he still follows me Adam as much as like I've talked on him. Uh, I Do find it interesting.

This is the most fascinating thing this is from Adam Aaron himself. We caution you against investing in our class a common stock unless you are prepared to incur the risk of losing all or a substantial portion of your investment. Um Adam Aaron Said this in the dilution filing and yet people still stand up for him. Uh, let's see WTF 2021 At least he was honest.

Got to give him that. How's anyone still involved in? AMC Do you have any new cryptoscams? When did I have a crypto scam? Trey Said you were the best to give sloppy toppy to him like these. This is what when I'm saying that there's the people who are still supporting them are just like the dumbest people. This is a grown man cosplaying behind a like just a cartoon account.

A grown man that's crazy more. Super Chat Oh, he got me because I'm always just forcing people to send me super chats. That's what I do in here like I Basically if you guys didn't know this whenever I get a super chat, it's because before the stream starts I actually go to that person in real life and I hold a gun to their head and I I say if you don't send me a super chat on this stream, if you don't send me a rumble ramp on today's stream I'm gonna kill you and that's how I get all my money. So I was really busy in 2021 I Had to go to so many different people's houses in the morning.

Right here. You He got me. This guy. This guy.

this absolute just Daft dashing looking bag of mayonnaise. He got me. oh my God it's it's too funny like this is this is the guy. He dude.

He oh man. he I just wanted to get another look at this actual Casper the ghost a pudgy Casper The ghost. It happens. Oh wait, is there a a space call on it? Is there an AMC space call? I Want to hear how much they're freaking out? No, no one's even having a space call about.

should we be the ones having a space call? I'm I'm really surprised there isn't like a copium support group. That'd probably be offensive if I called it a copium support group. but maybe I will. Maybe we'll do that for the uh Power Hour Maybe we'll just have a space call just so all of us in here can laugh.

We could all laugh anyway. uh I do want to let you know what the overall Market here. let me fix this a little bit. Um, obviously a push-up a little bit of a topping period right here.

Starting to come down on that note though I do still I'm kind of interested in this. Upside: Gap Full plate of 449.17 so I wouldn't just arbitrarily jump into it if you start to see a bid. If you start to see bids coming in, if you start to see a bottom being formed. yeah, it's just potentially an upside Target for people to pay attention to.

So I wanted you guys to know that and as soon as 10 a.m hits I'm going to be trading on a new prop account. So uh I want to make it very clear I am not some expert prop Trader People like I've heard of them before and people just kind of challenge me in August to see if I could pass the Apex one. um I didn't do it right away. It actually took me seven tries to pass the Apex um I guess challenge to become a funded Trader and then a couple people reach out to me and they're like hey, you should try TOP Step They were of the opinion that TOP Step is a better prop account and then they were also of the opinion that it was more difficult to pass their challenge.

So I'm gonna see if I could do it I don't know I I've never used them before I've never been a funded Trader with topsep um I just figure hey uh, let's see if I could do it. It seems like a fun like it just seems like a fun challenge in my mind. The way I think of prop challenges is like it's the good in between paper trading and trading with your own full account. It's that in between where you're putting up a little bit of money because it could cost whatever 25, 50, 100 to take the challenge and use their prop account.

but also you're just not using your full account. I mean I'd rather risk if I'm trying a new strategy or a new methodology I'd rather risk 50 bucks than five thousand bucks than fifteen thousand dollars. So I view it as that nice in between where a paper count you're not really using any money. it's paper account training and it's like that.

Next, it's a stepping stone. Now on that note: I Want to be very clear with all of you: it is tough to pass these challenges like I said I mean I've been training for the a decade a decade Plus and it took me seven tries to pass the Apex one. So I don't want people coming into this thinking oh, it's just easy peasy like I I hit buy I hit sell and look at that I'm already funded. It is difficult to pass so uh I think it's a fun challenge If you think you could trade better than me and pass it faster than I can hey, I implore you to do so, come in here and talk on me.

uh I Love it I Love it I Love it I Love it If you guys want to challenge me, if you want to see who can pass it first, let's do it. Uh, but this is TOP Step Um, I'm feeling a little bit more comfortable with them just because if you guys didn't see it, there was actually a Forex prop account that actually just, uh, got shut down by Regulators in Canada Uh, but once again, that was Forex this is Futures and I double checked. They are based in the US so they're going to be under the SEC. they're going to be under the Cftc.

Uh, they are based out of Chicago so I have a little bit more confidence in them because they're based in the US so they're under U.S regulators and they're not training Forex they're trading Futures which is obviously a different asset class. so be before you do it. Do your own due diligence. but if you want 50 off, it is pinned to the top of chat.

I'm not sponsored by them or anything. it's just an affiliate code. obviously. when I get cool people in here like all you cool folks, um, they're more than willing to give some discount code so it's pinned to the top of chat in the description of the video.

if I'll show you mine I just like the way I did it with Apex I hooked it up to ninja. same thing with TOP Step I hooked it up to ninja. so I'll show you my ninja account which is just trading the as of now I have not passed the test yet. This is attempt number one.

Um, but I you'll see the top step in there and we'll see how long it takes me to do this one. But anyway, pinned to the top chat in the description video, Click on it check it out, see if it's for you. Um, the only reason I'm really looking into it is because a lot of people were dming me. they're like hey yeah, Apex is fine but check this one out.

so I want to compare and contrast the two because Apex Last month was my first experience ever with any form of prop. Trading Have you guys to the prop traders in here? Um, is there any opinions on Top Step versus Apex Or is there one outside of that world that you like even more? Can you hook up? E-Trade No. So most of these are going to be done through I think Quant Tower and ninja but ninja is a good platform. Um, like I think it's worthwhile for people to check out show at once and just see how it goes.

Uh, I did TOP Step Not bad. Okay TOP Step is Miles Ahead Miles Ahead you're on YouTube account. Ery likes to go over to her burner accounts and then just like talk on me and then like sometimes she doesn't realize she's on the burner account and it's just my own mod talking on me Matt sends Piper to scratch my legs at night if I don't send him more fast money Shadow Cam I appreciate that I do that. Piper's my little my little almost my Thug she's like my security team at this point.

Uh, but I use Apex because TOP Step doesn't support Tradovate and I'm using a Mac so not many. Oh okay, because you can't Okay I thought they were with Tradovate. Is that a new thing you might want to look into? So you have to pay for the platform? No. So you pay when you're taking the test and when you're taking the test, you get a license key that gives you the platform and the data for free.

So I guess you can look out of however where the money is going. but there is a fee for taking the test. But with taking the test comes the opportunity to potentially get funded and it also gives you a license key. Um I have a I do mine through ninja.

So I get the license key for ninja and then also I get all the data for Ninja Piper's the muscle. you get it. Matt Have you seen the diarrhea playing video? It's crazy dude I did last night I'm so happy you brought this up. I think I saw it on bar stool.

So we covered this story. If you didn't know, there was a flight from Atlanta to Barcelona Two hours into the flight, the plane had to turn around because there was a biological or bio emergency. Someone had bad diarrhea. Uh and I was kind of thinking that this was just like oh, the bathroom stunk like it's just like the smell was too bad.

No no no no no no no no no It was so much freaking worse than that. It wasn't just the smell of the bathroom. Where is it? I think Barstool reposted it. Where is it? Where is it? Where? Oh, here it is folks.

wait is the video update Do I have to go here folks. This is crazy. This is the most ridiculous thing. The diarrhea plan is exactly what I may imagine everywhere.

Look at over here. where my look at that. That's all diarrhea, all diarrhea down the aisle. What happened I'll replay it just so.

you now kind of know what you're looking for. Look at this diarrhea. that's diarrhea in the aisle. No wonder they turned it around.

Imagine the at minimum at minimum if you do the math on the situation. they had a flyback. being near that and smelling it for two hours at a minimum. a minimum minimum at a minimum.

they were near that, looking at it, smelling it for two hours, a hundred and twenty minutes at minimum. Those passengers had to deal with that. That is the worst. Yikes.

Did he die I Don't know. Like how that's beyond Taco Bell Fat folks, that is far beyond Taco Bell That's just. that's not normal behavior. That's not even abnormal behavior.

that's just not human behavior. Like was it a dare that went awry Did someone just like hey, how many like laxages can I take in between my like Crunchwrap Supreme like what happened I just and then why were they mobile with it? Like why were they with someone like Wheeling them with their ass out So they had like a mobile splatter pattern like a they had a very linear pattern like I I Now have more questions than I have answers like I Assumed the person made it to the bathroom and it just smelled really bad I didn't realize they were in the eye like was it dripping down their leg. Were they just slinging it like there's too many questions? There's far too many questions and I need the answers I I very much need the answers Tesla is getting rocked today. That was unfortunate because Tesla was actually getting into an interesting buy level.

Tesla sold off, recovered a moving average Heck if Tesla gets above and closes above 259 I think there could be an interesting opportunity to play it up to 289. so Tesla I put an alert on it. but Tesla definitely on my watch list. Nvidia I Don't think there's much of a play here right now unless you've already been long.

Netflix Uh, I would look for the pull back maybe to the 232-ish region and I want to see it test the EMA and then turn out of that and then upside downfield to 470 meta. Maybe the same situation slowly grinding up Amazon Potentially the same situation pulling back into the EMA hopefully puts in a higher low and then it can swing back up above 138 Apple Same situation popped looking for a pullback to the EMA around 184 and a bounce off of that Microsoft that slow grind. Not much of an opportunity right now. Overall, like the major one I'm watching just because I thought it was going to be close to it was Tesla But other than that, the interesting movement really is the overall market.

Like I said today, looking for the bottom to be form that 9 45 AM report came out. let's see how it was. uh did they report it here? It's that PMI number. Obviously the market not liking it the most.

the market is not the biggest fan of that PMI number because right at 9 45 we got hit. I'm doing my best to sit on my hands until 10 a.m because that's when the next report comes out. We have the decision from Canada and then we also have more whatever PMI prices or index or whatever that crap is. So uh, let's get you the results for the first one.

I'm sure profit already posted it USS P composite PMI Final uh, actual 50.2 forecast was 50.4 So coming in, uh, wait this week. uh, this is S P Global Services PMI The forecast was 51. Coming in at 50.5 at uh, 10 a.m flat we get the Ism PMI and then we also get the Ism pricing so that'll be coming out and then on top of that I Don't know why this filter isn't saved, but Canada the Bank of Canada is giving us their interest rate decision at 10 A.M today. so that's been about 10 minutes and then that's when I think we're really going to be getting into it now.

I'm assuming how many of you could you raise your hand very loudly if you are here to figure out what's going on with AMC which is currently down 20 on the day? Uh, do you guys want me to do that now? I Can give you a quick five minute Spiel of the current situation. Five minute Spiel of the current situation. Um, don't care. Sure, thumbs down.

Actually, the opposite: you put your hand down. uh AMC Please dilution. I'm not ready for it. go to zero.

Yes, no, no brand. Let's hear it. Don't know. Don't give a F about AMC Let it Crash and Burn Road cooling off people.

Do it. Daddy Rant. bet it over. Do it.

Nope. Put five minutes on the clock keeping the 96 and Max who gives a f AMC Investors are delusional watching Tesla news. Uh, this morning you've got that musk on the cover of Time. You got this journal piece about how he borrowed a billion from SpaceX the same month as a Twitter deal and then you got Deutsche uh talking about just two Street expectations as they do adjust pricing uh to keep volunteers And the long-term story reiterate the buy, uh, it's still an inside day here.

Yesterday's low was 244. we'll get stopped trading with Jim in a minute or training with Jim in a minute. All right. Well, we definitely don't need that then.

And let's talk about it. Let's talk about it. Let's talk about it. Let's talk about it.

Uh, let's talk about it. Let's talk about it. Let's talk about it. Let's talk about it.

Let's talk about it. Let's talk about it. Uh uh. let's talk about it.

Let's talk about it. Let's talk about it. Oh, Kitty Dokity here. let's pull up the weekly view to really Hammer home how bad the situation has gotten.

Uh, dude slaughtered, absolutely slaughtered here, truly slaughtered I Have some bad news to report to all of you if you haven't seen it already. but I'm assuming you have, that's probably why you're watching this right now AMC is getting slaughtered at the point that I'm recording this on the day alone AMC is down 20 and if you look at any of the larger time periods, it's down 70, 80, 90, 99 once again, depending on the time frame that you look at. So what's going on right now in a word is dilution. But as you're about to see I think it gets a little bit more interesting than that.

So just for posterity, just for a little bit of a basis on the video. AMC Obviously after the reverse split, they haven't really quite figured out this math on trading view the major thing you need to know as it's just been putting in lower highs, lower lows, it's getting screwed and I find this odd depending on when you're watching this. The recent news was actually kind of good with AMC a partnership with Taylor Swift and her concert and there's a lot of popularity. Tickets sold out as fast as they possibly could, so take things at least.

we're slightly improving on a fundamental standpoint, but I've been noticing this interesting Trend with the CEO of AMC Mr Adam Aaron that whenever anything good happens right away, he has to just like kick the investors right in the face. AMC is down 20 trading just below 11. And remember, we just went through a ten for One reverse stock split. Which means a week or two ago this is basically trading at a dollar ten a dollar oh nine just to give you a bit of a relative basis depending on when you were weren't paying attention to it.

So the reason for this getting slaughtered is an announcement we got today up to 40 million shares class A common stock AKA dilution. So this was the announcement from the AMC leadership team. We have entered into an equity distribution agreement with City Barclays, B Riley and Goldman as our sale agents relating to the shares of Class A common stock uh, offered by this prospective supplement and the accompanying prospectus in accordance with the terms of the distribution agreement, we may through our sales agents, offer and sell from time to time up to 40 million shares of Class A Common Stock. The sales agents may act as agents on our behalf or purchase shares of our class.

A Comstock As principals, So they're diluting, they're selling an additional 40 million shares to the market. Obviously, when they're complete with this process, there's going to be another announcement I Don't know how long it's going to take. It might take a while. It might happen very rapidly.

It depends on how aggressively these different sales agents want to sell it all to the market. But if you do the quick math, it's kind of insane that they're doing a dilution at this low of a value. Because hey, if demand stays the same and then the supply increases as in the number of shares price obviously has to go down. This is the classic Supply demand curve that we all learned about when we were in middle school and high school.

and right now there's a lot of sycophant supporters of Adam Aaron and Adam Aaron himself telling you that dilution is good. If dilution is good, why has the stock always gone down on the announcement of dilution? I Feel like we're looking reality in the face and we're just truly being gaslit by Adam Aaron and all the supporters, who are arguably very new to the world of trading and investing and they're just not now knowledgeable about the current situation. So the direct answer of why is AMC getting slaughtered even further is because of a dilution of 40 million. Now there's a couple of things I want to point out here.

First of all, we know that AMC has about 5 billion dollars worth of debt. So if you do the quick math on it to get that 5 billion burden off of their back of the company, that would mean you want the dilution done at an average price of a hundred and twenty five. 40 million roughly multiplied by 125 is going to get that roughly 5 billion dollar debt burden off your back. Well, we're trading at 11.

as in way way far away and it's continuing to make it even worse and getting farther away from the situation, you would need to take care of the debt. On top of this, it's a large dilution and I mean considerable 40 million. Well, going into this afterwards, there's going to be I'll find it right here. up to 198 million as in before this happened, we started at 158.

this is the dilution to the tune of 25. This isn't Oh, just like a little bit a 25 based on the outstanding Share account. Before this happened, they're increasing the total amount of shares by 25 at a value that's a twelfth of where we would need it to be to take care of the debt just to get some of these numbers out there. And obviously I know if you're watching this, you're probably still kind of interested of what's going on in terms of the short numbers.

Right now, the per short interest uh, estimated by or text is actually below 10. Uh, the cost to borrow is now at 8.3 percent and the utilization has dropped to 52. So relative to what we were seeing a month ago two months ago, all these numbers are down. There's less short interest, the cost to borrow has come down, and the utilization has come down.

So I See this rhetoric on Twitter and on Reddit that it's all about This concept of the shorts are stuck folks. Let's be honest, they're not stuck. When they're up money. this is benefiting them.

This is a new Fresh low all the way to the back to the start of 2021. As in, anyone who got short in this and is still holding is up money. So this concept that they're short and the shorts are going to choke on that and this. That and the other thing I Think at a certain point you have to be realistic and admit that the people who are choking on that are the retail supporters of AMC who app actually happens to be the exact same core cohort of people who saved AMC AMC Because of the Rona period, something completely outside of their control was going to go bankrupt.

There was just no one going there, they had expenses, they had interest payments, and there was just literally no Revenue because people were going to the movie theater once again outside of their control. So the Retail Community stepped in and saved them. And how does the retail Community get paid back for saving the company, ensuring that the board and the leadership team doesn't end their career in a disgrace. Well, they basically say, screw you, they increase their own pay right now.

Adam Aaron is getting paid in the low 20 million dollars, which is the highest pay he's ever received as it's going down and down and down and down and down. There's no record of any of the people on the board, the officers, the leadership team buying any stock in the past two to three years, no record of them going out of their way to buy, and in fact, all the records are suggesting that they're selling the leadership team a notional value has sold upwards of 800 to 900 million dollars worth of AMC Adam Aaron himself has profited more than 40 million dollars in his selling of AMC before it got even worse as in in my opinion. and obviously this is just conjecture here. they knew exactly what they were doing.

they all the rats were running off the ship before they decided to sync it basically. and once again, this is all conjecture. but I'm looking at who really benefited on this deal. Obviously the leadership team did the board.

did they all made money? But look at who else really made out here Private Equity look at Mudric, look at inter look at Adam Aaron's personal buddies in the private Equity world because those are all the winners and I don't think I'm going completely crazy here with like all the conspiracy of tying lines I feel like the sunny from Philadelphia with like the yarn. but I'm just looking at who made money in this situation and it screams to me that suits are always suits. So right now if you want to know why it's going down once again, AMC is being diluted. Once again, a negative piece of news is announced immediately from the company.

right after there's a sliver of good news, and right now it's just things aren't looking good, they're not adding up and I truly cannot understand the mind of someone who is still sycophantically supporting this guy because he has no qualities of an actual leader. He's done nothing zilch. NADA Goose egg to show his support for the retail trading community. I Was thinking about this a lot and where everything at least in my opinion went awry is when this trade, this play this community when the thesis went from, it's an active trade to screw over the shorts.

when it went from that and somehow transitioned into a fundamental investment. That's where when things went wrong. If you talk to anyone who's been trading in the market for any amount of time, you know that as soon as you're trading, you're changing your thesis mid-trade that things are good, That's not good. That's not what's supposed to happen to me and many people.

This started off as an active trade and then when people thought like, no, no, it has to go higher we were promised higher levels. The thing that I was always 100 again because how could you ever predict anything? There's no accurate model that can predict what's happening in a squeeze scenario and then all of a sudden they're like, no, we want it higher So now it didn't happen and it came down. So now we're all of a sudden fundamental investors That doesn't make sense to me whatsoever. And hey, maybe it makes sense to you.

I do hope it works for you. I'm not rooting against any of you, but I am sick and tired of acting as if Adam Aaron is somehow on our side. Yes, you could be against the manipulation of the market. You can be against pattern day trading.

You could be four more fairness and transparency in the market. You could be against the opaqueness in FTD reporting. You can have questions about the threshold list. You could be wondering what's going on with the short reports.

why are we getting Longs calls and puts and not shorts. You can question all of those and I agree with you. I'm simply adding on one thing I'm just saying hey, maybe Also, Adam Aaron's a little bit sus I'm not disagreeing with you on anything else, but I just don't understand. We have to go around coddling Adam Aaron as if he's like our financial Savior and he's the actual Silverback because he's done nothing to prove.

So that's what's going on with AMC Unfortunately, it's a very sad situation and on that particular note, I would love to get your thoughts on it. Obviously there's a lot of blood in the water retail in testers Traders based on current price, action are getting absolutely slaughtered. So let me know where your mindsets are on. Are you completely done with this play? Do you still have a lot of Hope in this play? Or are you somewhere in the middle and you're like okay, like maybe you have a little bit more of complicated thoughts on it? obviously I would love to know foreign he's making a video.

Enough about garbage AMC no I Want to know I Got my screen switched up Uh, obviously the 10 a.m report was not so. Bueno uh I'm gonna post a trade but what? What are you? are? You just done with it because there was about a 50 50 split. There was about a 50 50 split in here. Someone made money on puts how many of you made money on AMC puts I have just so you know I have no AMC puts I just have my shares I'm not playing it like it's just.

there's things for me to consider outside of making and losing money obviously as my position within the community. Whoa. Tesla Weird little data print right there. Um, that it's just best for me to like.

stay away from it. Like completely stay away from it. Um, but I definitely understand the thesis of people who are buying puts right now or shorting it. I'm buying another 10K at a dollar puts 2K I was done with the AMC when I sold at 55 how long ago I continued to average I'm buying for five years from now.

but why? So if you you have a five-year thesis, you really think that AMC has the best potential over the next five years. I Like I Just don't understand that. Look at all the other amazing opportunities in the market. Why would I not buy puts when they are diluting 500 million? Uh, they're deluding 40 million which is about 25 percent.

Part of me wants to go long on. AMC Good way to explain it. Pretend AMC is playing in Adam Aaron Is the diarrhea? No, it is. He He ruined the the trip to Barcelona for all of us.

But Jamie's still a valid play. Especially today. A valid place. I Mean it's all a game of like statistical likelihood and right now we're just not in an environment that many think.

first of all, squeezing in any environment is a rarity I Want to be clear about that? Um, definitely a rarity. And so there's always a statistical chance. But remember when anything was was squeezing back in 2021, we were locked inside. They were doing unlimited quantitative easing essentially unlimited and people were getting stimulus checks.

We're not in that environment anymore. There's less people paying attention, The market isn't ripping unless people are getting money. Um, so we're just in a different world right now. So to try to compare the current situation to what we saw Circa 2021 You You cannot do it.

We're in a completely different new world. Foreign is going to take over. Tesla's the best Eevee in the world Mr cheat Clapper is literally just trying to get me to ran again. Yeah, better off chasing AI They report after the market closes today c3ai Just so everyone knows death beholden, cut your losses and move on from Aim See I wish I could, but there's like legitimate concerns I would have about getting out and like what would that mean and I don't need like that type of.

um I I Really don't like I said my Mantra is very much like a captain goes down with a chip. Obviously I know I had a lot of coverage of this particular play. so I'm just gonna take the pain as it comes. but that doesn't mean other people need to.

that doesn't mean other people need to. And I'm just I don't know. You can agree with me. You can disagree with me folks.

my crystal ball is still out for repair. Something about the UPS tracking they lost it this that the other thing, but it is currently out for repair. so I can't tell you definitively what's happening. but I could share my opinions on what's more likely what's less likely that type of a thing.

And right now there's almost no chance of a squeeze. I'm saying almost no because there's always a chance, but like it's minimal when it's being diluted because whenever it goes up which is what happens in a squeeze scenario, the you have Citigroup Goldman B Riley and someone else who's just gon