AMC & GameStop: APES DON'T QUIT πŸš€πŸš€πŸš€
Dumb Money Ep. 14
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Moon gang hello, hello, hello, i think i think we're live. I think we are live. Hello, hello! I missed you. I miss you misha for those of you who are just listening in.

I was silent for a couple minutes there, but we got it all figured out. No harm no foul amc trading at 38.82, gme trading at 167 and my headphones not plugged in awkward awkward jimmy 16750 i'll, give you those sweet, sweet, vortex numbers hang on one! Second, hang on one! Second, all right here we are vortex: vortex gme, a small net return on amc, 167, pretty much net neutral, short interest: 14.98 gme, a net return of 198 000.. Remember gme has a smaller float, so that's a little bit more impactful, a short interest. 13.5.

Actually, let's do this: let's do this all right hang on. Let's get some good good good vibes going right here. You guys know how we rock doc interviews here. You guys know how we rocked the the duck.

Interviews. Uh, you were buying amc, don't lie um. I don't know the level, but i oh i think i can say this. I don't know if i can, but i did buy amc this morning um.

I think i'm allowed to say that if not mom's the word uh mum's. The word don't share that, but we did load up a little bit on the dip this morning and honestly, the ones that were purchased are already now in profit, so i'm liking that you know, let's go to the five minute on both of these. I want to see the bigger picture. Look at this rip, uh we're making that run to 39..

Here we go here. We go uh, so gme rejected at 175. I was calling that out in the morning session of it's just resistance. It's a key psychological level.

People have reacted to it previously and they reacted to it today. So right now jamie down 6.22 percent, but on the other hand, amc is actually in the green up 2.21 percent, so we're seeing that deviation. Actually, i want to pull up iwm to see how that's doing checked it. Like 10 minutes ago iwm.

Okay, still having a bit of a weird day. It went down v-shaped recovery and now just coasting so not really making any major moves, and i haven't looked at nasdaq in a hot minute. I was freaking out about my camera, but, as you can tell we got it figured out, it turns out me. I was the problem with the camera.

It was a id10t error, an idiot error, that's uh! That's what was going on. What's a reverse repo, a reverse repo is getting the federal reserve, basically taking money out of the system, so they give bonds to the big banks. The big banks give the money to the federal reserve and they're trying to get money out of the system. All right here we go here.

We go all right, so we did ortex gme closing, really not moving. This might be a little bit boring into close, but on the other hand, if we see amc pushing above 39 sets up a very interesting run today to see a potential reaction of 40.. There we go there. We go folks, looking good feeling like a little hot tamale.

Maybe i should have put on the um, the frog hat. Maybe that would have been the better play. Hang on oh shoot. I should probably probably tweet out that we're live again, because that was that was a bit awkward.
That was a bit awkward hang on holy toledo, all right, you're good. There save that. I guess i lost the thumbnail on the first picture, all right and then this one, let me tweet it out and then we're going to go into a quick teaching session portion of the day. We're going to learn you guys, all something.

Let me quote: tweet it fixed all right, just tweeted that out fixed fix, fixed, we are live, we are live and then okay, while we are waiting for amc, let me drop this rsi. Let me drop this rsi. While we are waiting for it to break above 39, the one thing i do want to discuss today, a little bit of a teaching lesson make sure we're all good over here. What what is this? I'm not sure? What's going on, it looks like even uh reviewdork was having some tech issues earlier today.

Ah, maybe it's just a weird day for youtube. Okay, so here's what i want to talk about all right folks, time for the learning portion of the day, this one specific game stop set to join the smp 400. This was announced. It was the hubbub of the day yesterday.

So what does this mean? On tuesday july 27th, the s p dow jones had announced that gamestop is set to join the s p 5 or excuse me s, p, mid cap 400, effective august 4th, so it was announced, but it will be effective august 4th a couple things we want to Talk about here so you've probably heard of the russell 3000. 2000. 1000. Now zach, 100 s p.

500. All of these are different indices. Each one is an index that represents some sort of basket of overall stocks and you've probably heard me use that phraseology before a basket of stocks being tracked by an etf in exchange traded fund. So yeah, like the s p 500.

It, which is an index, is tracked by the etf spy, the russell 2000 another index that is tracked by the etf iwm. So this is another one, the right here we are going into the s p mid cap 400. So let me kind of structure this all for you, let's start with the russell 3000. It's roughly.

This isn't like fully accurate, but roughly the top russell 3000 are the top 3 000 companies. The top 1000 is the russell 1000 and below that we have the russell 2000. This russell 2000 is exactly where amc is. Amc is in the russell 2000 and it's somewhere in there and that's why we watch iwm.

So that's the bottom. 2000, the top 1000. The russell 1000 that there's a couple components in that the top 500 that commonly referred to as the s p 500. Once again, this isn't purely 100 accurate if you want to get super technical, but just for the ease of this conversation roughly about the top 500 are the s p 500, and that that the s p 500 is referred to as large cap.

The bottom 2000 is small cap, the russell 2000, that middle layer, because we have 500, the leftover 500, then the bottom 2000 that middle layer right here you have the s. P, 500. Mid cap. I keep saying s p 500 and that's because i'm so used to saying it.
It's the s, p mid cap 400, and previously it was in the s p, small cap 600, because that's when it got upgraded from the russell 2000 into the russell 1000. This is the basket of felon, and now it's getting moved up to this mid cap 400. So it's basically just what tranche it's in so a couple things this one. You can actually track it and i'll show you right here! M d y right here this one's checked by the etf m d y um and you could actually say the name right there - s p mid cap 400.

There is an associated etf, actually, most of the time, there's multiple etfs to track the same index. But anyway, this one why people are talking about. It is because really it refers to overall rebalancing when you are rebalancing, that's people who are running a like a portfolio manager that runs a fund that might track whatever one of these indexes. Everyone has to sell it.

If it's leaving it and then everyone that operates a fund that is basically tracking the new index, that means they all have to buy it. So, for example, that's why it's a big deal when someone like tesla is put in the s p 500, because there are many, many portfolio managers out there who run a fund on their own that track the s p 500. So if they want to properly track it they're forced to buying it. So that's what happened basically last year with tesla finally going into the s p.

500. So this time around the people who are running portfolio managers who are running a fund that are actually tracking the s p mid cap 400. Well, if you want to properly track it they're now going to have to buy gamestop. So that's effective august 4th - and i don't know what day of the week that is, but there's a good chance that people are going to buy on august 3rd and august 4th if they want to properly track this now rebalanced index.

So that's kind of the reasoning for there and also obviously, if they're buying it right. Now it's more in the small cap 600. So that's going to involve a little bit of selling from there, but just trying to let you know. What's going on with that, and actually i found this thing right just for a little bit more of the semantics, for example, by monitoring the s p 400, you can get a pretty good overview of how mid cap companies are performing at this time in the market.

Once again, large cap, mid cap, small cap, to say this s, p 400 is a good barometer of mid cap. Us equities in general uh. The rules of it to be considered for the index of stock needs to have a market cap between 1.6 and 6.8 billion. To my understanding, i thought it was higher market cap of 12 billion makes me think that this is a little bit dated, because i mean, as you can see here, they, the market cap, is actually 12 billion.
So i would assume that the numbers actually have to be bigger, because gme is actually almost double this. But overall i just want to drill home the point. S p, 400. Mid cap, it's a basket.

It's an index, that's tracking, a basket of stocks and gme is getting moved into it and that's what it means overall in the rebalancing. So if you're hearing anything about gamestop smp mdy any of that this is what they're mainly talking about. I would classify this as positive news, because people who are running the portfolios that track mid cap us equities are now going to have to buy it, so we might see a little bit of buying pressure, but once again this is effective august 4th. So i would expect the buying to most likely occur on august 3rd and the only reason i'm saying that is because the day before tesla was put into the s p 500, that market day right before we saw a spike right before the market closed.

For all the people who were doing the rebalancing um so just wanted to give you the rundown on all of that perfect right now: amc pushing 39 and then gme pushing 168., and i believe tomorrow, uh secondary thing, robin hood ipos tomorrow, training under the ticker hood Um, i myself will not be trading it, but i do think it'll be fun to get some popcorn ready. It just wants that particular set of fireworks cues. This is an etf that tracks the nasdaq 100 and then iwm is at 220 50. uh, hey just tuned in what's poppin tommy's touch shout out.

Matt lots of 40 calls could go in the money this friday. I believe that would be a hedge of about two point: million shares little gamma all right. Let's check that out. Let's look at the options chain: yeah.

2.1. All right, good, call! So 2.1. Let's see how that actually looks in terms the volume 61 million, so on average i mean in june we saw a much more bloated options chain, so there was a lot more hedging. 2 million is good.

Obviously, like any amount of buying is good, but remember that's one, what 30th of it. So it's going to help us, but i don't think it's going to be the thing that causes a massive massive spike, but it could be the thing that gets us over. Like a little bit of a resistance - and maybe then other people like see that as an opportunity and buy from there so that hedging alone, i would not expect a massive spike in price but we'll take any buying, because we never know when there's enough buying that, Like the final straw that breaks the camel's back type of the situation like who knows, maybe it's that type of buying that pushes us right above 42 and we get a quick run to 46 or something like that: hey matt! What do you think about robin hood? Showing a higher market cap for amc than any other brokerages synthetic shares exposed no, not at all, that's just really poor calculation, i mean there's! No, i mean market cap is a comically, easy calculation. It's the current share price multiplied by the amount of shares in existence.
Robin hood is always behind it's like doing a weird averaging thing. If you look at robinhood, there's a chance that the price is slightly off in real time, while, on the other hand right here, what you're seeing is tick by tick data you're, seeing it come across live. So i would say that this market cap is accurate. Of 19.53 billion.

Gme has a market cap of 12 billion, and this is one question that, like i'm, assuming some of you have is like hang on. If amc is worth seven billion more, why is that not the one? That's getting moved up into a higher level tranche of an index and that's because when they take the snapshot of these companies and their value that happened back in may and then they started doing some of the rebalancing in june. So you have to look at what these companies were valued at in may and that's uh, there's a special name for that, but it's basically a rebounding that takes place once a year and it's not like a live thing. They took the snapshot back in may matt.

Why robin hood have amc market cap at 28 billion, but no one else has it that high um, i mean remember robin hood. Is it's robin hood? Their data is absolutely horrific. I'm telling you uh this. Is the market cap you care about, i mean you can see it live updating right here, 19.46.48 you're not going to see robin hoods updating equivalently.

This is definitely the market cap of amc, 19.48 billion naked mat return. Thank you so much for the second party watching all real great time with the moon gang happy. You guys liked it just so. You know um yeah! So excuse me.

Amc was moving today, so i thought people would want to like comment and watch it together. So on that second channel, the map course clips. I believe it's in the description of the video uh. We were just doing like a chart streaming thing, so people could talk together.

Did i freeze? No? Okay? I don't think, but it's the first link in the description of the video is that backup channel. If you want to check it out, uh scooby-doo, where are you? We got some work to do now: scooby-doo matt? Where are you? We need some help from you now pirates. You should start telling people to stop hitting the like button now in order to hit 6969, because clearly, people have a hard time. Stopping please hit that like bramble's good point um, if, if you guys want run it up, but my recommendation as soon as you hit 6 000 likes like people just need to stop like you just have to stop hitting it.

So i think you you run it up to six and then you just stop and then you have to go very very slowly and methodically. Do you know how a hedge fund can crush a stock um various ways they can if they take a sizable short position that could cause it to break through some important support and causes true capitulation? They can engage in what's referred to as stock bashing when they go on media and start spreading inaccurate information that gets people worried and they pull out of their position. Those are just the first two that come to mind. They can coordinate with another entity.
Another hedge fund or a market maker, or something along those lines and um from there they can come up with some sort of. I don't know, plan to really drive the stock price down if they're working together, because it just means they have more money to influence. The stock, oh, i would like to clarify. I was asking you would rather eat one, a nectarine that you thought was a peach until first bite or two some honeydew, probably a nectarine - that i thought was a peach until the first bite, because i still like nectarines, but it is, i mean on this channel.

We talk about setting expectations and how you feel let down when those expectations aren't hit and that's how i feel about thinking i'm about to eat a peach and then i end up eating a nectarine, hey matt. Do you think you could look at m-a-t? I think they might have to digital world with all their brand characters. Nfts. I may do all right we'll check that out.

How much will the price be able to move up in one day i mean not long ago, we saw it double up. It ran 95. 96, shout out from los angeles california, 801 ape in the house. Appreciate you shout out john shout out shout out shout out all right.

Someone asked about m80, oh that's weird, so it gapped up, went down and then bought back up battle. Uh. I don't know really: weird action seems like a tough trade. So for me i would avoid it.

It would be hilarious if you get featured on time magazine's front cover after the squeeze, but more hilariously wearing a textured uh. That would be uh. That would be something a pivot in media the day the day media caved in. Could you sew texas, roadhouse love to show you texas, roadhouse? I love texas, roadhouse trxh texas.

Where is it txrh txrh? Oh bummer, tx rh. I almost had that breakout in a similar manner that i my pants break out when i'm eating way too many of those buns those uh. What's it like cinnamon butter, buns almost broke out almost had that beautiful beautiful run. What else do we have? We looked at mit, hello, hello, all right.

What questions do we have in the discord? Robin hood says it's under new investigation by finra days before what robinhood? That cannot be good. Robin hood investigation business insider well! This isn't good well well! Well, robin hood says it's under new investigation by finra days before its ipo. Just days before its ipo, robin hood, said it received an investigation request from finra. The agency is seeking information related to the fact that robinhood's, ceo, vlad, tenem and co-founder bot are not licensed by finra.

Robin hood said it's evaluating the matter and intends to cooperate with the investigation. What a time to be a boy from bulgaria not licensed. That's not licensed by finra just days before its hotly anticipated initial public, offering robin hood just said. It received an investigation request by finra wall street self regulator.
The agency is seeking information related to the fact that robin hood's, ceo, vlad, tenev and co-founder bot are not licensed by finra. The probe comes roughly five months after cnn business just reported that tenneff is not registered with finra wow in an scc filing on tuesday. The mobile training firm said it is received, a finra investigation, request for documents and information related to its compliance with finner registration for member personal, including 10 of him, bought robin had said it's evaluating the matter and intends to cooperate with the investigation. Wow finra generally requires that the ceos of registered broker dealers register with the agency.

The report explains that tenneff is the ceo of robin hood markets, which owns a broker-dealer alert and a clearing broker. The investigation comes a month after robin hood agreed to pay finra's largest ever fine to settle claims that the brokerage misled millions of customers and approved ineligible traders for risky strategies. Folks, folks, folks, folks, this i mean before what i was telling you. I thought that it was going to be a popcorn event and now it seems like it's going to be more of a popcorn event.

This is gon na get crazy. Tomorrow, hang on. Let me see if i can find this other um. Here's some other information for you, robin hood ipo.

When does robin hood go public? What is the hood stock? Ipo price range um going attempting to go public tomorrow, thursday july 29th, and they are looking a minimum of 38 per share and they're. Looking for 42., the ipo will have a company offering up to 16 million. This has an ipo pull as much as 2.5 billion interesting it's going to be trading on the nasdaq under the ticker hod. So, like i said personally, i will not be whoa robin hood.

Founder and cfo are selling 2.6 million shares in the offering. I don't know uh. So just to remind you personally, i'm not trading it. My instinct is that it's going to be pretty bad.

I think it's going to be a bloodbath folks, but who knows? Let's watch it, it's trading under the ticker h-o-o-d direct offering of 50. okay like we'll, have to sit back and see how this all plays out. Um. Please, please, let me know in chat, hang on.

Let's do i want to do a poll. I want to know. Hey i'm trying to create a pull over here, all right, good direction, red green! All right answer this poll. If you want, i just want to get your.

How do you think hood's going to do tomorrow? I just put her direction red and green. Let me know, let me know, let me know, what's up matt, so are you no longer the best tesla trader on this side of the mississippi or what also i miss being hyped when rico was in chat uh, i definitely need to re-earn that title, but uh, Hey that's what a challenge is all about. A good competitor does not back down and you miss the hype when rico is in chat. I too, i mean it's one of the things i miss most honestly is rico being in chat uh, our our psychological attempt to turn a greg into an ape, and we were making strong headway.
The initial results were extremely extremely promising, but it just didn't it didn't. Pan out in that manner, did not pan out hang on one second, sorry folks, just listening for a lens cap, no biggie, no biggie, uh matt. I just want to know i sold all my shares on the dark pool for 5 000 to share cause. You know.

That's the real price thing is totally real: oh oh the humor! I love it. What do we have going on here? Um amc made that run above 39 and then just got knocked a little bit to 38.84 uh fed meaning live right now. Uh. Let me find this watch live um, not much.

I mean they're talking about it, but typically these get like insanely, insanely, insanely, boring, um i'll. Let you know here i'll. Let you listen in for a second more detail on substantial, further progress. So um.

Let's talk about the maximum employment part of that, as you know, uh with maximum employment, unlike with with price stability, where we can target a number two percent on average, with maximum employment, there isn't a single number that we can target that the we monitor a broad Range of of uh of data uh about different aspects of the labor market, there's unemployment, unemployment among different uh, different age groups and such uh. There's participation, there's wages, there's all kinds of flow data and we look at all of it to try to arrive at a picture of what of what is maximum employment. So there isn't. I can't give you uh uh a set of numbers, for example, a numerical threshold like we used uh for a time back in 2012.

I guess it was uh. We didn't do that here. What we said was substantial further progress toward our goals and what we said was we would keep uh effectively we'd. We we would give advance warning as we and - and you know more and more clarity as as we move forward.

That's what we're going to try to do so? What would substantial further progress be i'd say we have some ground to cover on on the labor market side. I think we're we're some way away from uh from having had substantial further progress with um with max toward the maximum employment goal. I would want to see they're very hesitant to talk about that. That's kind of the idea, this map um wow fumbling his words.

You talked about one side of the equation. You didn't mean you feel, like you've reached your goal when it comes to the inflation side. Thank you. So inflation is running well above our two percent uh objective and has been for a few months and is expected to run uh up, certainly above our objective for a few months before we believe it'll contour objective the question whether we've met that objective formally is really One for the committee to make - i can't i can't uh do that by myself, but it's clear that at this time inflation is actually running above two percent and and again has been and will be.
At least we expect it will in coming months before returning uh down toward our target, thank you and severe with reuters, but yet they're going to argue that it's still transitory, as in temporary um hello. Can you hear me hello? Can you hear me i'm sorry? Yes, yes, we can hear it. I apologize um. I just uh to follow up on.

The question i want to ask you know: is it? Is it correct to see this as the um the start of the advance notice process? Um, you know the before a taper and and and also can you speak to how the recent surge yeah i can make a i get it'll be easier if i just make a some sort of a wrap-up video instead of all of us, listening to it because It is um, it's gon na be the same thing as always of like hey yeah, like inflation's high, but uh don't worry about it. It's transitory, we'll fix it. Um, i'm seeing some people saying boycott hood iwm moving how's the spy reacting to what he's saying, pumping it pumping and pumping and pumping it. I actually might get this little intraday breakout right here at 439.50, interesting, interesting, interesting, uh, so i'll make that wrap-up video.

It's it'll be way easier than all of us, just listening to it, i'll let uh i'll spend more of my time doing it and i'll give you guys the quick 60-second recap um: where are people getting that it's training higher on a dark pool? I i'm unaware, but remember on a dark pool. They still trade within the nbbo national best bid and offer there's definitely ways that the stock market plumbing can be improved, but across all venues, you're still trading within the nbbo. That's one rule that is gon na, be there and it's i mean it's highly enforced um, it's very easy to see when trades come across outside of the nbbo national best bid and offer between 9 30 in the morning and 4 p.m. Eastern time for the market, it doesn't matter what venue you're talking about a lit exchange, a dark pool or an otc, as in like a market maker, you're still trading within the nbbo national best bid and offer um.

I'm getting this when people say that there's like a whole nother secret price that amc's trading at i mean that there's just nothing that shows that at all and it's not the most logical thing, either um, because if it was trading above it, why would anyone buy It there, when you could just buy it here at 38.94, right now, like they're, not going to waste money um. I think - and i think like. Let me put a little asterisk on this. I think when people are talking about it, they more so mean in the realm of what the real price should be at without manipulation uh to me, that has like a little bit more weight and a little bit more logic behind it of like okay, here's where We would be without naked shorts, blah blah like the list goes on, but to say that there's like a whole secondary secret trading price of amc that, like no that's just not true, it doesn't make sense.
Why would anyone buy it there when you could buy it for cheaper these articles against hood, reeks of retail bear trap? I wouldn't want to short it, but bug guys read our message boards and trying to catch us with our pants down could be. I mean i'm not going to be training hood. If i have to guess i think people are going to be shorting. It um.

I think it's going to get. I don't know who would want to buy it. I mean there's like there's. Investigations going on finra is looking into them like they.

The government took vlad's phone like it's it's a ticking time bomb in my opinion, but uh i'm still not going to mess with it, but my thesis on it is that it's going down. What do you use as an indication of a bull to bear market? A bull to bear market well bear market is defined as a 20 drop from the high um, so i would just measure it to know if we're in it. But overall are you talking about the trend of the overall market? I mean, i guess my indic. I don't really have an indication of when it's like.

Oh we're, going to bear it's just like i look at the numbers, i'm like. Oh, it's officially a bear market and that happened, but we have like very, very short, bear markets sometimes, and then it goes right back to a bull market um. But overall i wouldn't please don't be scared of a bear market. You can still make a lot of money just because we're in a bear market that doesn't mean every stock is dropping and a bull market doesn't mean every stock is ripping um, that's more of a representation of the s, p, 500 or dow, or something like that And individual stocks and individual companies can deviate from whatever market regime you're currently in when a naked short is covered.

What happens there will stay in circulation and continue to be traded or does it get removed from the market when a naked short is covered? Well, that's. Actually them removing it, because they're buying back the share they should have never sold so inherently covering a naked short is actually fixing the problem. Okay, conspiracy time, why would robin hood ipo? Now private investors are leaving because of pr right now or vlad, owes kenny money and is giving him his company up for shorting to pay him back. Um could be all boogie typically with an ipo you file quite far in advance.

It's not like they woke up. Last week and decided to ipo, the announcement was made to my understanding multiple weeks multiple months ago, but let me make this very, very clear. I personally think robinhood is dropping, but i am still not training it. I am not messing with it all right.
Let's see the results, the results of the poll and pull uh all right. I want to see the results of what way you guys think robin hood is going to go. 3 000 people voted 71 said red, whoa, whoa whoa. What's it up uh? So, no longer the better trader for jane dodds, all right, i think i'm up to date all right.

What else do we have going on in discord? Sabotage? Uh nectarines are just peaches without fuzz. Are they not? I feel like you're spreading misinformation. No, they taste completely different annie, i mean, if you were to like shave a peach you would not be like. Oh, this tastes like a nectarine nectarines are like way more.

I guess stiff and hard uh iwm leaving amy behind. We need to pep in the step. I'm getting old waiting for this to pop. What's going on mr buule well right now, the indices are running uh, pretty much because of what the said fed's saying people are just pouring into these indexes right now, based well the individual etfs for these indexes iwm spy check out.

What's it dji dij, the dow, the dow the doubt the dow jones nope, that one's not trading? What is the main etf? This is how much i don't trade, the dow 30. um d, i a x that doesn't seem right, the dow 30 e down. This is not the main one, either d j, i dij. What is this d ji? What's the ticker for the main etf for the dow 30 dji, a that's the volatility regardless.

All these indices are running right now, the nasdaq 100, the s p, 500, probably nyd. What we were talking about before see how the mid cap one is doing now that gme is in it that one's also moving look at this wow 482 wow, the fed is doing its job money, printer burr, burr, rip and rip and ripping well, congratulations! If you got in on this dip, the dip in the rip, uh jimi waking up trying to get above 171 would love to see it get above. 175 amc going off of 38.35 up to 39.20 dia. That's what i was looking for.

This is the dow 30. um, so this is kind of like the highest group. You have the s p, 500, 500 of the biggest companies. The dow 30 is almost essentially the top 30 companies, but look at the recovery on that, like everything's the market at large, because of what the fed is saying right now, basically of saying: hey, uh, we're not really that worried about inflation, blah blah blah we're going To keep interest rates low and emery's like sweet, let's buy, then why not look at this crazy run on iwm? This is a rip and a half folks rip and a half all right amc would love to see a test of the intraday high 39 56.

um. Have you heard of james and the giant nectarine, not quite fun? Is it possible we leave in a simulation, it's actually i'm actually a goddess with a hot body juice as many amount of jimmy shares. I have feels that way. Velvet very well could be true.

What causes the candle to stop in a new candle to start um just time so right now. This is one formed every single five minutes, starting at 9. 30, then 9. 35, the 9 40..
It depends on the time frame you're on, but it's just time and there are tick ones as well as in once a certain amount of trades go through. Then a new candle starts, but that's called a tick chart. It looks the same, but it's not based on a time frame uh. I tried changing my name from banana bidness to just bradley and i can't sell my shares off on a dark pool for 5k.

What the heck, thanks for all your hard work, brothers still huddling in texas, shout out just bradley you're, more than just bradley, you're bradley banana business. Oh hey, matt! Still, not a penny, still not leaving utilization rate increases again. I think the utilization actually dropped. Today i mean it's still trending upwards, though um yeah yesterday.

I believe it was at 90 percent. Eighty nine eight three! Oh that's where we're at yeah ninety it was ju. Yesterday was just over 90., so we took a slight decline, but overall we're picking up from july 21st. Until now, it's gone from 83 up to 89., so the utilization is definitely going up uh as of now short interest, 14.98 percent according to vortex and then for gme.

We are at 13.5. Oh someone just said vote today. Yes, yes, yes, if you owned amc. As of june 2nd, which was the date of record and you live within the us, you will be able to vote um so check that out uh you probably most people, i believe, got an email from their brokerage.

It is different based on your brokerage, but um other people got some phone calls so, depending on what brokerage you have, they may have contacted you a different way, but you needed to own amc as of june 2nd, to be able to vote in the shareholder meeting, Which is tomorrow originally, there were five proposals, but now there's only four: they got rid of proposal, one which was the authorization of 25 million shares which could lead to dilution, but it's no longer happening. Uk can vote too yeah so um, depending on what, where you are aren't you might not be able to vote someone just said uk you can, i think, most of europe. You can't vote, though 212 can vote in the uk i'm reading right now. Just so, you know, if we retail own amc now, who will own amc when they buy it back well, if you're talking about the shorts, it kind of depends on remember when a short is covering they're, buying back shares and returning it to the original owner.

So in that scenario, who is the original owner, the shares you own right now might come from a short and it might go back to i don't know: blackrock vanguard, there's not one generic perfect answer again: let's, let's no longer work on our six-pack. Let's sit this down all right, all right, all right, all right, all right, all right, we're back in business back in business! Okay, we don't need this anymore, perfect, perfect, perfect, perfect spy, looking hot hot tamale, looking like a frog iwm, also looking very strong to 1950 up to 222 amc, making a move. Um people are asking why iwm is running but amc's. Not amc is up more on the day it's up 2.87, while iwm is only up 2.
It's actually like running more already. I've owned amc since early june. How do i vote i've, never noticed an email or letter or anything if it was an email? How do you know which day it was sent out once again specific on your brokerage? So you might want to reach out to your brokerage, but you had to own it on june, 2nd uh tos news could be do or die in time for amc bears whoa. That sounds dramatic.

Let's look into it! Ah, all right, so this is on benzinga bin zinga bin zinga binzinga traded higher wednesday daily chart amc key levels to watch. What's next bullish traders would like to see the stock break above pattern resistance in the flag pattern. This could lit the stock, seeing upward push toward channel resistance. Eventually, the bulls would like to see the stock break above the channel resistance and consolidated above for the possibility that the stock sees another leg up.

Bearish traders would like to see the stock break out of the flag pattern to the downside. If the slot can break below the pattern support, then it may see a further push. Downward bears want to see the stock break below the pattern, support and start heading toward the 20 support. If the stock can break below 20 support level, it may see another strong bearish put um yeah.

I mean, i guess, that's just like the technical setup, but i would argue i would strongly argue that the bullish one is in the current setup way more likely, because we have momentum right now, pretty simple: where was this one written a bz wire, zynga wire? Where else do we have this pattern resistant? So it's talking about this wedge down here. Overall, the lower highs, the higher lows, we're looking for this break and then they're using the neck support as the previous one. We hit around 20 bucks roughly and they're having a major breakout at 60.. I think if we break above 50, the odds of seeing somewhere to 60 to 65 in a quick manner are very high.

In my personal non-fortune telling opinion matt i've been watching you from spain since may. Could you please retweet my tweet about molly phil's number of articles in the few tweets in the past few months? I'd have to track that down. If i see it i'll i'll retweet that that sounds good i'll check my twitter right after stream, hey mark, i sent you a thousand dollars in applebee gift cards on what uh whatsapp. When will you be delivering the flying? Walrus happy birthday shout out holy double entrance.

Madman, peaches shaving card: what's going on kinky kong ape babe, someone is asking about quantum scape qs uh. I mean yeah we're just getting this bounce off of where it previously bounced uh you're, looking to see how it reacts to the upcoming resistance uh 2450 25 somewhere in that 50 cent region. The previous high is 24 75, so um somewhere like that and then, if it continues, i would watch whatever this high is 25 35.. So it's coming up on a 75 cent region of considerable resistance um if it breaks it might get moving.
But the mid-25s are clear resistance, so i would want to see if it could break above that i don't know if i would want to be buying like right before resistance personally power hour. We just started power hour. What's going on diamond dallas, page asking for rockets for power hour, you know just because it's you diamond dallas: let's do it. Let's get some rockets going, let's get another rocket, let's go to the double rocket setup.

Ah, you can't do that can't copy and paste like that, all right there we go there. We go two rockets, two explosions upward there we go there, we go all right. We got a rocket shout out to diamond dallas, page the power hour rockets. What was this time to short, whichever label owns the right to peaches by presidents of the united states of america, so matt can buy it and make it the anthem.

What's that bieber song, my peach is from georgia what a line, what a, what a lyric, hey man, i know you're not into penny stocks, but i'm in hp. I l right now and it's ripping. How does hp il's chart? Look to you never heard of it? Hpil hpil, it looks strong um if it continues, i would watch whatever this resistance is at uh eight three. I would watch that as my first resistance.

If it continues, if you're up money, just like don't let it turn on you like ride the momentum and as soon as the momentum is gone, that's when you want to lock it in that's how i would handle it, but i really don't like trading sub-penny stocks, Especially on the o: well, that's why it's on the otc market um! This would not be for me, but if you're in it, if you have a good fill, congratulations, i hope you're able to ride it high but um, don't let it turn on you. Rockets are harmful and dangerous, biker um. I would recommend freaking out reaching out to your brokerage about the vote, but uh you might want to do it relatively soon, because today is the last day you can vote. How do you feel about amc having a positive beta with a possible market crash approach, crash approaching ryan? It depends what time frame you're on um a larger time frame.

It has a positive beta, a shorter time frame. It has a negative beta, so it just depends on your time frame beta. I think the importance of beta is severely overstated. It's okay! But honestly, i like i'm not using beta to inform my decisions of what i'm buying.

Is there little w forming on gme double bottom uh? No, you have a higher low. I mean this is off by a dollar. Fifty that's a higher low, which is a stronger pattern than a w, a w isn't not exact, but it's pretty close to a double bottom. I think a dollar fifty difference shows that the bulls were more bullish and bought earlier.
Is there any validity to fidelity getting to amc uh, they might run some sort of like managed portfolio that bought it um. The thing i saw most recently, i believe, some sort of new jersey pension fund bought some amc or something along those lines. I haven't heard much about fidelity, but that doesn't mean it's not true, but they run some large funds and one of the funds might have got some exposure to amc uh. So i've noticed there are now bots in the chat are saying harmful and dangerous things, and it's like super obvious that it's an attempt to get mad banned.

Maybe i wouldn't not worry about them, they're, just whatever they're bots, just boston bought things. Let me see if there's uh news about fidelity, fidelity buzz amc, so i just searched it. I'm not seeing anything too crazy. Fidelity buying amc so apparently vanguard has um.

As of the reporting date, which was a while ago many months ago, vanguard had a position value of 1.5 billion in amc and blackrock had 1.1 billion. That's crazy uh, but as for fidelity yeah, it does look like fidelity. Has some exposure to amc to the tune of 4.8 million shares so about 190? 100? Let's call it 200 million dollars worth 2.8. Let's call it 5 million shares roughly and that's the fidelity small cap index and the fidelity extended market index fund is what i'm seeing so they put it inside one of the portfolios that they're running any validity all right.

What do you think about the neo charts? Neo neo the eevee, the luxury eevee play from china, neo um once it. Finally, i mean to me in the bigger time frame it is bullish, but right now it's in a smaller time frame. Specifically ever since the start of july, all month it's been selling off. I would look for it to base turn back around.

My first target would be this gap, fill at 45, 56. amen. I've had a long week of work and haven't tuning in so sorry. If you already answered, i saw this on friday that there's an sc filing that confirms the squeeze.

What are your thoughts that no there's no such thing as an sec filing that confirms the squeeze mike? That filings, don't confirm a squeeze. That's not what sec filings are for. Tara needs. A friend called painting with a duck banana holding a diamond on it called a friend called a painting with a duck, a banana holding a diamond that would be amazing, uh, so with neo uh.

I want to dive a little bit into this just so you know i do like uv, i do like neo, but relative to other ev companies. It does come with a bit more risk and the reason why it comes with more risk is because it's susceptible to political tensions between the u.s and china, so be understand that that's an aspect of the risk when you're playing with neo uh people are asking about. Toray tilray making that move look for till ray to get above the high 16s. Basically once it hops over 17, it might make a good run to 19, but obviously had good earnings.
It's it's popping up, that's good! It looks like it's trying to reverse trend, but i would be patient and wait to see how really the remainder of the week plays out, because there are times like this like if you rewinded june 9th it pops up on high volume and then the next day. It starts selling, so i'm not going to trace til right on one good day, because we've seen it before where it has one good day and then the next day it just gets smashed uh, seth yeah. I mean i kind of agree with you. The big thing in the amc vote was the potential share delusion, but now no one's voting on that all right, all right, all right.

What else is? Do we have any other breaking news? We should go over j pal, we are not at or near liftoff. Mark is running because of it olympic champion, simone biles pulls out from individual all-around gymnastic final uh for mental health reasons is the news i'm seeing um day five of tokyo to do. What is the metal standing olympics metal count right now? Japan is winning with 13 gold and 22 in total. China is number two with 12 gold and 27 medals in total, and the us is three with 11 gold and 31 in total, so it goes 13, 12, 11 for china or excuse me, japan, china, u.s number.

Four is, i believe, which is like the current temporary standing for russia, the roc seven gold, so it goes 13, 12, 11 and then seven russian does that roc actually stand for the russian olympic committee. I think this has to relate to like the doping thing uh and also got in trouble, and then australia is number five. That's okay! Well, that's your quick olympics update. What else do we have all right, all right, all right, all right for our amc chart looking crispy or is that just me crispy i mean we have this uh.

Basically, we have a wedge on the four hour chart. So what i would do, if i were to chart this out, which hey let's do it - this is the wedge. I would be watching on the four hour chart. Uh lower highs, higher lows, we're looking for this breakout and it still comes to this 40 level.

40 to 42 is so incredibly important on this chart um. This is what i would watch. This is what i am watching. This is what we're all watching we're looking for this breakout.

Look how many times it got rejected there over multiple days, clearly important um mike. I was referring to dtcc nscc ruling on o1l yeah, so 010 has nothing to do with confirming the squeeze. It has nothing to do with a controlled short squeeze. If you want a very good breakdown of it mike, i would recommend checking out trey's video from yesterday.

I believe it's called fire extinguisher. It's either posted yesterday or today, and it explains what 0.10 is about, but for those of you listening right now that rule nscc010 has nothing to do with confirming a squeeze, and it has nothing to do with a controlled squeeze. All it has to do is the relationship between loaning and lending, and it stops like the double dipping. So if you loan and lend someone gives up stock, someone gives cash that stock.
It's basically saying that when you have that - and you then put it in the market if something goes awry well then like, how can you make good on what you just did so it institutes the nscc as kind of like a middleman between loaning and lending, but It really has nothing to do with a controlled squeeze um but yeah. For that one. I would highly recommend checking out the zero one: zero aka fire extinguisher and trey posted the video on that one short interest on arvl short interest on ar vl ar vl. This short um vortex has no information for that stock uh, but i'm looking at the daily chart - and it does not look the best looks kind of weak looks like it might be.

Heading down to the mid-12s is the closest support. I would say where is arvl at right now i mean it's bouncing yeah. I was looking at this right here, the mid-12s 1259. I look for that bounce and see how it plays out.

I would recommend uh, i'm i'm personally, not touching this one. How is virgin galactic looking? Oh poking, it set up watch 33.78 all right. What other questions we have ac went out, but still have a pool and the cool sounds of matt coors shout out. Andy gap fill play on: u u-p-s once it bottoms out ups! Didn't they get annihilated yesterday, yeah um, it could be a big gap-fill play, but first of all i would recommend looking into wyatt gap down, i'm assuming it horrendously missed on earnings or something along those lines, but give it some time it'll probably base, and you might Be able to get something on it like a little bit of a reversion plate, because this is very, very dramatic, so i'd recommend two things.

First of all, obviously, patience wait for the opportunity to strike and second uh understand why there was such a gap down. Matt i've had that rocket out all day. Thrusters are full power, see you on the moon, shout out joey face joey face. I don't know why, but that's funny.

Anybody bring up robin hood, showing almost 10 billion more market cap on amc than what it really is naked shares, no not at all, and that's just robin hood's really cat, like shitty calculation. The market cap of amc right now, 19.54, if it is showing differently on um robinhood. It's clearly a tech issue. Like i don't know, that's not representative of naked shorts, that's quite a mental leap.

The market cap of amc is 19.5 billion, and the market cap of gme is 12.31 billion. If you see something, that's showing something drastically different, it's probably a tech mess up. Someone just said free tray. What happened scc is take wait.

Wait. Can someone explain to me why people are saying free tray? What happened? Did he lose his channel or are people just saying it tray channel down trey trey's channel is down? No, it's not i'm looking at it right now. He posted a video 22 minutes. Don't let a don't set a timeline on the squeeze 22 minutes ago uh, so his channel is not down trey matt trey's, not down right, like i literally just looked at trey's channel uh, so i don't know um his live.
You guys know that that channel is not associated with myself or trey right here. Let me uh, let me teach you guys something real, quick, first of all, trace channel up perfectly fine. This is trey's trades clips. The other one is not actually associated with trey and it's not actually associated with me.

Here's trace trades channels. Here's trace trades clips, the other one is not actually trey um. It's just someone who's using his name uh. Can i actually find that yeah this one right here check this out? This is not actually tray.

Okay, see this picture right here. They just grab that trays trades clips um. This is his trace. Trades different picture feature channel channels, um, it's a different person.

This channel is not associated with me. This channel is not associated with trey, they just use our stuff just so everyone i mean. I don't know it's weird, like people haven't noticed this, but they're like trey. Has this channel a different trace trades clips? Not us not trey, not myself, i don't know it just is what it is and a synthetic tray um amazing that is legal.

I mean i've gotten some opera like i could copyright strike them and so could tray, but then we're like well. What's what's the point i mean, i don't know, it is what it is, but to help somewhat i mean um yeah where's, this other one. Just so you folks know this is so obviously i just showed you trey's actual one actual clips channel and then here's my actual clip channel matt course clips. It's.

The stuck one right now has 4.73 000 subscribers. If you search it um i mean it's it's in the description, this video, but just so you know that's where it is uh, it was live streaming the market. When i was down, i don't know why that's not coming up right now, but um. This is my actual clips channel and then i just showed you trey's actual clip channel.

This is his actual clip channel the more you know he needs to get tight in a channel. I think so. Uh, hey matt, i l s t been on the move since may thoughts. I l s, t uh, i l s, t am i looking at the right one.

This is uh. I would not trade this. This is a weird penny stock. Uh penny sucks huge risk.

Uh, just not really my my cup of tea, it's raised cat titan. I love that account shout out. Trey's cat titan um, i wouldn't mess with this. One will share dilution in june, help amc, earnings, um, no dilution, it helps the company raise money, but it does hinder the chance of a short squeeze.
So it depends when you mean help amc. Are you talking about it as a company? It helped them fundamentally as a company, but in terms of us in eight nations. Looking for the mother of all short squeezes uh, that was not good. The clip channel watch party was v good.

Thank you so much yeah. So when i'm not up, we'll definitely do some watch parties on that other channel. Why not we'll get some music and everything going youtube and twitter got you back? Yes, yes, yes, yes, i agree shout out robert uh matt.

17 thoughts on “Amc gamestop: apes don’t quit dumb money ep 14”
  1. Avataaar/Circle Created with python_avatars Fredrik Hauge says:

    Sweden is in a hold mode!

  2. Avataaar/Circle Created with python_avatars Rainititan at gmail. Com says:

    Most newbies usually undermine and neglect the importance of technical analysis with regards to trading.Technical analysis overly predicts the movement of assets prices regardless of what is happening in the wider or broader market. Essentially, the education involves studying the paths of a particular asset movement in this past so as to establish a sustainable pattern that can be used to predict future movement of an asset. Doing technical analysis can be quite different which is why most newbies / traders neglect day trading their stocks/coins and stick to holding which is very dangerous as when the market goes bearish, advise any newbies / traders to buy the dip for traders who are still wondering to enter the market or old time traders who are holders to seek help from not just any trader but an established trading expert with at least 96% trade accuracy .I underwent series of trading loses I'd best not talk about before I was introduced to trading analyst Mr Raini Titan My contact with him has been the Pinnacle of this year for me, under his careful guide and his signal service I've been able to recover my losses and even grow my trading portfolio massively from 1.6 BTC to 7 BTC and also from 10k to 67k in stocks ,in just 5 weeks. I orientation of trading will advice traders and newbies to before they involve in it. Mr Raini Titan,makes you learn daily while you make profit with his signals. he can be contacted via mail

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  3. Avataaar/Circle Created with python_avatars J&J Channel says:

    I am with you on this. Sick qnd tired of being pushed around by the top 1%. Let's make this change not just for us but for the next generation too.

  4. Avataaar/Circle Created with python_avatars BullRanger says:

    Just Subscribed. Thanks for standing up for the little guys.Staying strong with our AMC stock. My wife told me about what happened to your live feed. The people will defend their rights. Thanks for being strong.

  5. Avataaar/Circle Created with python_avatars Tom Numb says:

    Dark pool trade is 30x share price, 30 share blocks ,

  6. Avataaar/Circle Created with python_avatars Tom Numb says:

    Citadel will buy Robin hood

  7. Avataaar/Circle Created with python_avatars K YP says:

    not quitting Matt

  8. Avataaar/Circle Created with python_avatars HI says:

    Breaking news πŸ’€ buy a tokenπŸ”₯ aidi inuπŸ”₯ you need to expand your investment portfolio πŸ’°πŸ’°πŸ’° and everyone will be happy πŸ’—πŸ’—πŸ’— I will be glad to everyone who joins our team πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€

  9. Avataaar/Circle Created with python_avatars Chaotic Good says:

    I won't quit Matty Ice

  10. Avataaar/Circle Created with python_avatars rachelannedc says:

    Hodling in vegas

  11. Avataaar/Circle Created with python_avatars texan says:

    I am here and not leaving. APES STRONG!

  12. Avataaar/Circle Created with python_avatars Elizabeth Cos says:

    Let's rate the efficiency of the top investment in the world today:
    Cryptocurrency —- 90%
    Stocks —————– 45%
    Forex ——————- 40%

  13. Avataaar/Circle Created with python_avatars Garth Wiebe says:

    Holding 1095

  14. Avataaar/Circle Created with python_avatars Karen Johnson says:

    Not quitting … mama didn’t raise no quitter …. with Gods grace we will make a turn to go up πŸ™ŒπŸ½πŸ’Ž

  15. Avataaar/Circle Created with python_avatars Rapper Gentile says:

    HODL!

  16. Avataaar/Circle Created with python_avatars Jason Chippa says:

    much love to Matt thank you

  17. Avataaar/Circle Created with python_avatars ross blair says:

    The last 5 minutes were hilarious fun.

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