AMC & GameStop: APES HODL ON πŸ’ŽπŸ™Œ
Dumb Money Ep. 22
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Hello, hello, hello, hello, hello, hello, folks, hello, hello, hello, boom, boom candles chris. I like the attitude already boom boom candles, hello, hello, hello, all right! We are ready. We are ready for the afternoon session on today, tuesday august 3rd uh. Here, let me go over to the the five minute, the five minute.

Why are things already slow? Is it my computer, that's like hemorrhaging, or is it just weeble this time around? Who knows who knows who knows uh? Let me make sure that my own uh, okay, obs, is still alive and well just double. Checking just double checking boom boom, all right, amc man. This is actually all right. Hang on now we're coming now we're coming back to life.

So i don't know what in the world is going on with robin hood, but it ran from 37 up to 48.60. I still don't have a position on it. I don't plan on having a position on it uh, but it is kind of blowing my mind that this stock is absolutely ripping right. Now, it's up 24 uh, i'm curious to see if the rug is gon na get pulled on it.

Perhaps even this week, uh kind of crazy stuff, crazy, crazy stuff. We did see a double bottom, potentially setting up for george w on amc, bounce off of 33 bounce off of 33 um looking forward to go from there. I would love to see this follow through we're kind of looking. Let's get rid of this for now.

Let's set up a there, uh 3383 is what i'll be watching uh as we head into power power hour and then normal power hour, uh yeah. So i see that woods bought kathy woods, uh kathy wood who runs arc invest. I saw that she announced she invested in to robin hood uh kind of interesting uh. I mean it ran up though, but it's already given back these gains that we're seeing uh, weird weird action.

Uh, usually this. I thought it would be followed by kind of some consolidation and maybe an additional run up into the after power hour. The remainder of the afternoon but um what we're seeing i don't know it's strange like i said i don't have a position. I just have it up because i know a lot of people are talking about it and i am happy to oblige um gme, currently trading at 150 key technical level, key psychological level, a lot of things going on at 150 on amc.

Let's look at this daily chart. What is this new york governor, something about the new york governor? I don't know what's happening there, let me get this reloaded and then i could show you the daily chart on aemc uh. So we do have support of what is this 30 31 region of support here really between 30 and when is this low? This low is 34.69, so, basically between 30 and 34, that is a region of support. We are obviously looking for.

I mean, i guess, a weird oblong george w double bottom opportunity. Obviously i would prefer that it just bounces earlier and we make a new a new higher low. So let's see how this actually pans out. Originally, we thought that july 23rd was a higher low, but obviously we violated that today and it fell below what is this 3469, so i would love for it to see it recapture 3469.
Then 42, then 46., right now it has been selling off for the past. Three days in a row we're at this support, uh, which is what we saw previously back on june 1st, so we're just kind of sitting back and waiting to see if there's enough buyers who accept this current price and step in and want to buy it back Up buy it on discount, so we're still watching this, but really just lower volume, lower volatility going on in terms of gme. This actually did break below it. So i would say the next potential stop.

Uh 150 is a key psychological. Let's be fair about that. So a chance it could bounce off of that, but if it doesn't hold 150, i would be watching this low from april 23rd, which is 145. That would be my personal game plan on gme in terms of amc.

There is a net borrow against it today about half a million shares. They did borrow 763 000. Today short interest is 15.08 percent in terms of gme. There is a net return of 100.

116. 000 short interest 15. We recently over the past week week and a half, there has been a considerable jump in the shares on loan um against gme, and it looks like they are utilizing the low volume environment to sell those shares to the market, because gme over the short term has Been getting hit right now, it looks like actually amc, gme and robinhood all kind of taking a simultaneous dip on this time frame. So that's your data update your technical update of what's going on um with amc gme, all these other things uh to be clear.

As of now, i have no iwm position. I have no robinhood position, but i am long on amc and i am long on gme. I saw - and i think we talked about this before, but i think it could be a good segment of to kind of talk about some other ways to make some money when a stock isn't moving and especially, if you don't want to like, i guess, change anything About that stock, so there's two things: i want to give a quick overview of uh and i'll use amc as an example and some other socks as an example. But let's talk about covered calls and let's talk about credit spreads selling credit spreads.

So, let's kick this off with some covered calls. Let me open this up. Okay, so covered calls is what you can sell a call option against the stock that you own. So let's just use the example of you owning a thousand shares of amc.

I know some people own way more. I know some people own less, but let me just use this for the example. If you own a thousand shares of gm or of amc, remember that a call contract or put a contract, they represent a hundred shares so because each contract represents a hundred shares with a covered call, you would be able to get into a position that involves 10 Different call options because 10 um that's 10 times 100. That's how you get to the thousand.

Each contract represents 100. If you're talking about 10. In our scenario, if you have a thousand shares, you would be able to sell 10 covered calls against it. So what do i mean when i'm saying a covered call? We know that we can do 10 of them, but what does it mean to actually be able to sell 10.? So you would come to a value that you do not think.
Amc will be above by the current date, so this one we're looking at the various expiration dates so by this friday by the 13th by the 20th by the 27th. Whatever you can pick whatever expiration date you want and the entire concept is, you could sell a call against it and as long as it's at or below that value by the day of expiration, you keep the premium and you keep your shares. That's how you keep your maximum profit so, for example, let's scroll down and let's say that by this friday august 6th, you don't think that amc will be above 50. It might be and that's the risk.

Obviously, this thing could squeeze on like a moment's notice, but this is i'm just trying to illustrate covered calls like i'm not saying to do it with amc. I'm saying you could do this with any stock and i'm just using amc as an example, because many people are interested in amc so right here, you would be able to sell 10 and that, because we're talking about a hundred per one to look at the money Involved this is 13 cents, so that's really 13, but since we're talking about 10 of those per contract, so 13 per contract, because you in this example have a thousand shares that would be 130. So basically, if you sell 10, calls against amc for the august 6th, expiration and amc is not above 50 you'd keep the hundred thirty dollars and then, if you wanted to, you could turn that around and then buy what roughly four five uh five shares of amc And then add that to your total and of course you could change this by the certain dates the expiration if you're like hang on, i think 50 is actually very possible, but maybe i don't think 54 is that possible? Well, you could come out to the 54s. I'm in no way saying that amc is the one you should do it on, but i wanted to use this as an example, because i understand that many people, their entire portfolio, is amc and they don't have extra money to put into amc or any other stock.

So this is one i guess: money generating monthly income strategy, but here's the risk of it. What happens if you were to do that? If you have a thousand shares, you sell, the 10 calls what happens if we get to this friday and the squeeze is tomorrow and it rips higher. What would that mean? That would mean that you get the profit of your position all the way up to 50, but anything after that you miss out on because there's a good chance that your calls will be exercised and you have to give your shares to whoever exercised them. So if we run up by this friday to 55, you would get the profit of your stock up to 50..

You would also get the premium in this case 13 per contractor you sold and since we're talking about 10, that's 130, so you would get all that profit, but you would miss out on the profit up to 55 and you would no longer have your shares. That's what a covered call is: don't take this as me telling you you should do a covered call on amc. I just want to use that as an example, so you can better understand because i see it actually. I just recently reading it on twitter of people asking okay like what is a covered call, so i'm just trying to lay it out there um of that's one strategy, but the risk is if it's above that you lose your shares, uh, so you'll get the profit Up to 50 you'll get the premium, but if it's above it you no longer have amc shares, i had i saw some um.
I saw some misunderstandings of covered calls, as in you somehow keep your shares. Please understand that there is risk to it like there is anything in the market. Don't think that you could just sell the premium and you you get it and there's no risk to it when people are selling amc covered calls. Please please understand that they are risking selling their shares.

I'm seeing a lot of like misunderstanding about that of like what's going on there. That is a risk. You might lose your shares or whatever would be the proportion amount of how many calls you sold every call. You sold you're risking, potentially losing a hundred of your amc shares, but that's in the scenario that we get to the day of expiration and the price is above whatever the strike prices that you sold it at um.

So let me know if there's any questions with that um i i just saw a couple comments of people, thinking they don't lose their shares and you can lose your shares uh. So it's not, as i guess, riskless as people think it is especially when i see the commentary about amc. So if there's any questions on um covered calls like, let me know because uh i don't want people somehow losing their shares of amc. Thinking that they're doing some sort of riskless options - trade when there there is risk to it you you might lose your amc shares um.

I purchased 300 shares of amc for the first time. 35. 29. Yesterday, i'm pdt now do you believe it will bounce back and win when should it give up? I do believe it will bounce back uh.

I have no clue when and when should you give up that's up to you um, it is 100 up to you. I don't know your risk tolerance. Some people are willing to ride this down to zero. Other people can't risk much more pain, we're all in different financial situations uh.

So i can't like fairly comment on yours. Hey matt uh had to make a new channel couldn't comment for some reason. I was the one who originally suggested the rally cat nice uh. What's going on joe, we love that rally cap.

I appreciate it um, it's been really weird about youtube. Some people can't comment. Some people are being unsubscribed. I don't really know.
What's going on with that, totaling 43 812 amc shares to the moon question i have september 1770 puts on snap. Do you think the gap filled to 63 thanks for what you do all right? Let's just quickly check out snap, you have an absolutely gigantic amc position. Um i like this play wow. I did not know what was going on with snap.

I think this is a smart play if it can get below this this low of 71.83, if it can drop another 25 cents and if it does not get held up at 70. I think you're, looking at this potential gap, fill uh roy. This is i i i'm a huge fan of the play you just did september. You gave yourself a month and a half.

You looked at a pop-up and a reversion play for a gap-fill man. I think this is a great play roy. I am i'm very happy. Uh with what you decided to do, man and you're also crushing it on amc.

So like good for you that i i don't really have any commentary on it uh. I just hope you make a lot of money. Obviously, there's risk not guaranteeing squat but uh. I think the risk reward of the setup you have is a very optimal one, uh matt stupid question.

If we were all hold, how could they bring it back to zero because remember, hodling um does not influence the current price uh. What changes the current price is. The current buyers and the current sellers uh hypothetical numbers, can i buy 200 million in a stock at five dollars per share, cause the stock to go up. Let's say ten dollars a share then immediately sell all the shares at the new price.

Doubling my money. No because, as you sell, it'll come back down uh because there has to be an appetite of buyers to keep it at that current price. If you start selling especially of considerable size at 10, and if there's not enough buyers there, the price is gon na drop. It's just supply and demand at first you're, the person creating a ton of demand and then, in the latter part of your scenario, you're creating way too much supply uh.

Sir marky duck riddle me this. If you please, if you had greenbacks languishing in zero interest bank, do you feel confident enough at to go all in on amc with usa fiat asking for an abet, katie uh, this kind of comes back to the other thing um. I know my financial situation and um. That is all i can like really fairly comment on.

I mean in reality, folks i mean i, i don't know your financial situations for me, i'm at the point in my life i'm not married. I don't have kids as long as i can pay my rent, my internet bill and afford cheez-its. That's about it. I don't have much overhead in my life and just where i'm at in my life.

It affords me the ability to take much more risk. Uh, that's where i'm at and that's not where everyone's at other people can take even more risk of me and then some of you listening cannot take that risk because you have responsibility outside of eating cheeses and paying your rent um. So i can tell you my thoughts and how i would handle things but understand that my strategy is a lot more risk. It's a lot more bold because that's just where i'm at in my life.
So i am not saying my strategy. My methodology is good for everyone. Um, there's some trades that i make a lot of money. Yes, but there's also trades that i lose a lot of money.

It's just i'm a high risk to reward trader, and i am in no way pitching that concept as being a viable concept for everyone. Listening right now, uh kenneth uh, my dad just called my mom died 10 minutes ago. Long drive home thanks for putting on a good show need the distraction rest in peace, kenneth um, i don't know um. I don't have the words for that, i'm i'm what what can i say, i'm so sorry that you're dealing with that right now, um, i'm hoping that the show i can make you laugh a little bit just offer you a little bit of distraction.

I'm sorry for your loss, i'm sorry for your family's loss. Uh! Please, please be careful as you're driving um. I know. Sometimes when you're uh in such an emotional state, it can be a difficult drive, so um get the coffee pull over.

If you need to. Hopefully we can make you laugh a little bit on today's show, but i'm i'm sorry for that man. That's tough henchman's! Try to push robin hood for selling a cell amc and going to robin hood. I think it's a fake push.

Uh could be uh. I don't know if i saw kramer pumping up robin hood and being all excited about it. I had, i don't know if i've seen hedge funds uh necessarily pushing it up, i'd rather buy reggie than woodstock uh matt. I think your message day in and day out is excellent: no promises, no financial advice, just honesty and your best research, i have 400 shares average 37.

I have my exit strategy in no time frame, joe miami. This is exactly what everyone should be doing. I appreciate that no expectations no promises and have a trading plan uh. I don't really care what your trading plan is.

I just want you to have a trading plan uh, for example, many people listening right now, there's a good chance that your trading plan is. I want to huddle to the moon, that's fine, but what is your definition of the moon? For example, my definition of the moon is holding until the shorts cover. I don't have a price target. It's not real.

It's a little bit of a trend following thing, but not first off, like it's more so of the fact that my definition of huddling to the moon is the price that we get to when all the shorts cover. That's what i'm looking for um! I don't have some arbitrary price level. I don't have some arbitrary date and i don't have some arbitrary, like announcement or fundamental development. That, and that's me, i'm not saying that's how everyone should like trade.

You have to trade, what's best for you, maybe you'll be able to pay off all your bills at price x and someone else is at price y. Other people might just say: hey amc is a great long-term investment and they're looking to hold this for years. We all have different plans and we're still all in eight nation. I just beg of you - have some sort of trading plan beyond just like.
Oh, i own stock like no like, and any plan is fine, like i'm, not the arbiter of the perfect trading plan. I just beg that all of you listening ask yourself: what is your trading plan? What happens when you buy option pi put options then exercise them on the robinhood platform. They don't allow shorting on robinhood, not shorting amc. So when you buy a call, that is your contract, that is a legal obligation for you to get a hundred shares per contract at a certain price.

A put is the exact opposite. That's your legal right to sell stock at whatever stock that puts related to at a certain price on or before a certain date um. So a call is for you buying stock and a put is for you. Selling stock covered calls being bearish, wouldn't selling puts be a better move assignment, then, would just mean you bought more shares at a lower price, jackie.

You are 100 right, the issue with that and what i was seeing on twitter and the reason why i wanted to explain covered calls is because people on twitter were confusing the concept that, if you sell a covered call, they didn't think that you would lose your Stock, if it goes over the price and you do lose your stock - and i guess it is it's bearish in the sense that you're betting, on it being below that value by expiration, you're, saying selling puts um selling puts you have to have extra capital in your Account when you don't have to do that with covered calls with covered calls, you just have to already own the stock with a selling a put. You have to have the money in your account, so selling calls stocking your account. Selling puts cash in your account and not everyone has free cash in their account, because they're already fully uh leveraged on amc, uh matt. Can you listen to my song diamond hands: uh aaron yeah? Could you like dm me the link or something along those lines? Uh? It's on my youtube aaron, my youtube aaron all right found it.

Let me see this, i don't know if there's going to be a copyright or anything related to it all right diamond hands. Do i have this? Why is this not working something's going on here, um aaron i'll, have to here? Let me look at it off stream and see what's going on um, but if it's cool yeah like i'd, like your permission to uh, to play it and then i'll kind of go from there uh, maybe tomorrow, or something like that, if i could get it figured Out uh trying to run up my first reversion play with 40 puts on the month of ar ct bought at 45 risk 46 a-r-c-t, a r c t uh you're, trying your you're risking 46. um. I mean your risk is defined to 44..

My only personal commentary on that would be the stock, isn't showing weakness yet. So, if i were like, i think you were a little aggressive on your entry. I would personally probably end up having to risk 54, which would mean that i would like to enter a closer to 54, but i mean this is a huge volume explosion. You might get lucky and it might be weak tomorrow and then just crater from there, but with it i mean you have a well-defined trade and that's all i beg of people, you have your goal and you have your risk.
It's defined and what you do is when you have a well-defined trade like write it down, take note of it and like name your strategy, something be like okay. This is my revert, my gap of reversion play and like if you're tracking it you're gon na start to see, be like okay. This is what works for me. This is what doesn't work for me if you're, just beyond amc and jimmy.

This is like commentary on just a training methodology, if you're just arbitrarily guessing, and you win something you lose some like well like. If you don't have the facts and stats on it like. How do you know what is or isn't working for you, everyone register their shares. Oh, are you talking about the vote thing, rent and cheese? It sounds like the life just add to cover calls.

If you own a thousand shares, you could also just cover call 100 to 200. You don't have to uh cover all your shares. Yes, exactly so, instead of doing 10 contracts, if you just want to do it on two, that is like completely acceptable uh. Is it just me or the tiblio bullish options not doing as well? I have a much better p l ratio uh.

Prior to my recent i have a. I have had a better p l ratio prior to my recent picks um, i don't know ron, which ones are you picking um, it's all about, so i've looked at these. The way to use tibio is not to say. Oh, these are all gon na like run up in terms of a bowl squeeze, and these are all gon na fall down in a bear squeeze like how are you picking it from here um? For me, i like to see where the money's coming in um in the big money i i have no idea about your methodology like if you're just arbitrarily picking one - i don't know about that.

So for me, the way i like to do it is see where the most money is and then i look to look at the charts and there's many times where i just don't see anything on the day. So it's not a trade, but you should not think that tiblio is saying all of these are about to run up and all the bare ones are about to squeeze. That is a very improper way to use. Tiblio um - and this comes back to you - still have to have some sort of methodology.

Like is your methodology just picking the the biggest open interest and going with that like it might work um? But with that i like to add on another filter of, do i like the chart um but overall, remember tibio's, bread and butter is the short credit spreads uh, which it kind of relates to covered calls. I uh. I think this is a good time to talk about it. So a short credit spread involves two options: either two calls or two putts.
You sell a call and then buy a call, or you sell a put and then buy a put. No, if you're trading at this value, you sell that one, that's closer, the closer call or the closer put, and then you buy the one that's farther away. So since you're dealing with two calls and two puts your puts would be on the bottom, your calls would be on the top and you would only do one of these, but you could do it with a caller input. That's why i'm explaining both you sell the one that's closer to the current price and you buy the one, that's farther away or another way to say that is no matter.

If you're looking at the calls or the puts on tablio, you sell the first number and you buy. The second number sell the first number by the second number, either two calls or two puts you, do not mix calls and puts. Obviously, both of them would have the exact same expiration date, so, for example, this is an apple call for september 3rd. If you believe that apple will be below 155 by september 3rd, you would sell the 155 buy the 160 and your total max return is 63.

Your total max loss is 437 and your percentage of profitability, not necessarily your max return, but just your percentage of profitability would be 77. I personally, like those odds um, i don't know if i would particularly do this one with apple just because apple's been strong lately and i know when we get to september, they have like their apple announcements and events, so i don't know if i would do this. Particular one just because of what i know with the company, but just in general, that's how you look at this pop max return and from there you sell the first number you buy. The second number, in terms of a call you make your max profit if you're below 155 by this date, in terms of a put you wouldn't make your max profit, if you're above the first number by the expiration date.

Once again, credit spreads are tiblio's, bread and butter. This platform is 25 a month. If you use the link in the description, it's you get a discount like a 10 discount. You also get a bigger discount.

If you do the yearly sign up and you also get a 30 day money back guarantee, if you use the link in the description, but overall, as you can see, i mean right here: you could pay for a year of tibio. With this one trade um. You could literally pay off a year of it or close to a year. If you do the, if you think that this will, if you think isrg will be below 1040 and your percentage uh of profitability is 83, you are making 252 risking 748 max return of 24.

Let's check this out, isrg isrg! This thing is trucking. I don't know what this is doing. I mean that's hard to bet against, but the rsi is so blown out um. All right.

You folks don't have to do it, but here i'll do it so uh, that's a good way for us to track it of like what is there isn't going on. Let me see if i can execute this trade. Let me see if i can isrg august 20th. So that's in about 17 days! Why can i not get into my profile? Why can't i do this? What was it isrg? No clue what this company does trade trade options all right, so august 20th.
It said to sell the 1040.. I just want to tell you guys what the spread is on it. The spread is coming up quite a bit different. Am i losing my mind um something seems off here.

It's not coming up estimated credit. The estimated credit is off by a factor of 10. uh. I think there might be some sort of issue here, because i just did 10 40 august august yeah something's wrong about this one um.

It looks like it's literally, a tenth less or it's a tenth of this value. It looks like the premium is 26 right now. I don't know where they came up with yeah that one's a bit weird. So maybe that's not a best example.

The numbers seem a bit wonky on that one uh. Let me just double check this other one hang on. Let's do another high one mmm put. I want to see what's going on with these numbers mmm, so this one's a bit different, because this is a put so you're selling the first number trade trade options all right.

This one is for the 13th and then you would sell the first put so you sell a 195 put and then you buy the 192 put, so you would sell the first put the 195.. I just want to double check if these numbers are offers. If something's going on and then you buy the 192., am i like losing my mind? Do i just need to reload this, because the numbers are looking very, very different on my end? Oh that's. Why? Because i didn't reload the page, so that was from early this morning um.

This is why okay make sure, if you have your tiblio open, it is updating, throughout the day very good uh reason to update it update your page all right. This one is for august 30th, we're looking at the nasdaq nasdaq, nasdaq um. So remember with this spread, you would sell the first one you buy the second one and to get your max money by this date. You want it below the first number, so this one is 375 and you're selling a call.

I just want to now double check this out of my own curiosity, and then you buy the this okay. This is right. This is okay yeah. That was the issue.

I didn't myself, i didn't refresh tiblio. That's the problem so right here, um, hey, that's not a bad qs. Do we think it'll actually be below 375.. That's the nasdaq! That's the etf that tracks uh more of like the tech, centric stocks ooh.

I don't know if i would take that bet. This thing is looking pretty hungry on the daily chart and 375 is not that far away, especially for a month later um. I don't know how i feel about that. I wouldn't feel like the most confident, but overall, that's how you look at well.

We talked about covered calls before this is how you would interpret a credit spread, sell. The first number buy the second number for calls. You want it to remain below the first number for puts you want it to remain above the first number to get your max return pop your percentage of profitability, the likelihood that you make more than zero dollars, and then it shows you, your max. Your max return.
Just don't do what i did make sure you're reloading the page, but my point here is: there's an 83 chance. Well, this isrg, i mean that's a weird one. Here, let's come back down to uh. I believe this is chipotle um, there's a 77 chance that you're making money and you could pay off tibio almost for the entire year.

If you are right about cmg being below 1950.. Let's look at cmg: let's see, if that's a good bet 19.50 right here. Do we think that chipotle will remain below this level? It is blown out of the water. They must have had a crazy good earnings announcement.

The rsi is getting super high interesting. I kind of like this play, i'm being honest 1950 i mean that's just so much more of a room to run. I kind of like that chipotle chipotle chipotle. Let me know in chat.

Do you think that chipotle will be below 1950 as of august 20th? In 17 calendar days, just so everyone knows 1950 is where my mouse is right. Now, obviously, it's looking very strong, but the rsi is so overbought um super super overbought, so i kind of like the bet that'll be below 19.50 interesting. Interesting interesting does matt, even own amc shares. I do i own thousands of amc shares matt, don't no, no, the don't chase this isn't chasing.

This is betting. It remains below 1950.. That's what a covered call is you're, just betting, on it being below or above a certain value. It's not really a.

It is a directional bet, but it's more binary. You either want it below or above a certain value on a certain date. That's all it is lota below below below below 1800 for chipotle yeah. It has uh far fewer shares available um than like amc.

I wonder what chipotle's? Let's look it up? Really quick bmg, let's see how many shares it has available. Uh chipotle yeah, there's only 28 million shares out there. Um right here outstanding shares so far far fewer shares than amc, actually even fewer shares than jamie um. I don't know if this is technically the definition, but it's pretty close to being a low float stock, as in not many shares publicly being traded way way way, fewer shares being traded than something like amc, someone just said holy guacamole.

How is chipotle stock over 1 800 because it has not many shares available to be traded. Uh counted about 3 million amc verified shares so far on, say, technologies. Wait. How did you count? Those, though verified shares, remember you can only look at one question.

You don't want to add up the individual questions, because you can vote on the different ones. I believe the main one that people are utilizing is that first one about the dividend, if you feel comfortable with like logging into your account, which i personally plan on doing myself tonight to vote, because i think it's a good piece of information for us to know. But i understand some people have some just like hesitations about giving that information away of questioning who's. Looking at it and that's fair, if you have hesitations, that's fine! I don't want anyone to feel pressured into logging in and voting but um.
I think the people who came up with this concept that we could get a we could glean some useful information very, very creative, my my hats off to them. I like it i like, where their heads at happened to cciv. I can't trade on weeble and ameritrade uh because it went over to lcid. Remember the there was a ticker change from churchill capital to lucid motors.

Can we take a look at tough built thoughts on the stock gap? Ups gap downs? They did recently get into home depot lowe's and harbor freight stores, not financial advice. Thanks for all you do brother, uh, tough, built, tough built industries. I think this is it tblt. Is it a different, tough built um? If it's just, i mean i personally really don't like messing around with penny stocks um if you are a fan of their product and if you see a good fundamental value, i just personally don't mess around with penny stocks, and it looks like all iterations of this Stock are a penny stock um if you guys think that it's unregulated and messed up on a normal like market, the new york stock exchange, the nasdaq the gray market, where a lot of these penny stocks are you're, going to be very unhappy with the amount of Manipulation and lack of regulation - i actively don't trade gray, gray market penny sucks because of that, like just the craziest stuff happens, and it's just not worth it to me to like even risk that money they show each person's verified shares.

You can add them up. Yeah tony, the issue is that people or troy - sorry um. You can vote on multiple things, so i would just get information from the top voted one and then, if you want, you can extrapolate that outward to see how many shares could potentially be in the ape nation's hands. But you wouldn't go through and add those up, because people can use their block of shares and vote on multiple things so just use the highest voted.

One would be my, i guess, mathematical advice on what you could actually utilize: a hidden bearish divergence on rsi in chipotle on on low t. F, t f. Sorry, i don't know what you mean with tf, but i am seeing the bearish divergence. My opinion, guys is that hedgies have used up almost all their ammunition during what is historically the slowest time of the year in the markets.

Once market volume returns, they will be in trouble. Overall, i want all of you listening right now to mentally prepare for august. Potentially, being very boring historically august is one of the most boring months. I'm not saying it has to be this year because who knows there could be some crazy announcement.
Something could happen, i'm just letting you know the historical pattern that august can commonly be watching paint dry. It can be, i'm not saying it's going to be, and i'm saying it maybe could be for some stocks and maybe not for other stocks, but be mentally prepared for at least that being an a possibility with a little bit more of a statistical likelihood. This particular month, if you go to equityclock.com, you can see the historical trends of major indices and that stuff and for august, a lot of them are just sideways. It's just people are doing their last minute.

Vacation before school starts up again uh. I guess people are too busy getting their final fantasy teams all figured out. Oh uh, folks, i don't know much about final fantasy, but i somehow got myself into a final fantasy like draft. I would love if you guys could help me.

I need some sort of like football expert out there to help me run my team, because i need to beat my friends and i don't have much football knowledge but before like i, don't want to get too far into that but anyway. So if there's some sort of football expert out there, let me know matt, if you're a farmer in a farmer market in the fruit section and you got attacked by a hedgie. What one fruit would you grab to defend yourself? Oh easily, a oh did, i say final fantasy final football. This shows how much of my knowledge of fantasy football there is final fantasy yeah, i'm in a final fantasy league.

It's like not a big deal. Just tell me who to draft. I drafted saquon barkley on my financy fantasy football finale team right there. I think that shows my knowledge of football like right there.

That even subliminally shows that, like i just don't know what i'm doing, and yet i somehow paid money to be in this league um, but anyway, what fruit would i use to defend myself, easy pineapple? You grab it and that's that's essentially a weapon like i don't. Even know if you could bring a pineapple onto a plane there, those things hurt. If you have a hard pineapple, um yeah, that's easily what you go with, or i mean i don't. I'm not here to pump up the honeydew industry ever, but honeydews can be hard if you're like strong enough to really huck a honeydew at someone.

If you hit them like in their center mass with a honeydew they're going down, they are going down down down. What are your thoughts on bb blackberry? Uh? Let's check it out, i don't think it's a squeeze play by any means. Um and the stock itself looks pretty weak. It's just sell and sell and selling popped up, sold popped up sold if it can hold on to 9 950.

You might be good. There could be a reversion. I'd look for the breakout of 11, but if it breaks below 960 950, i think there's even more downside to it. Matt come hang out with me.
Have lots of cheez-its come hang out? We can be friends i'll. Let you drive my corolla, that's new runescape account. I love it. I played quarterback up till eighth grade, so i definitely know everything there needs to know about football.

Give me the keys coach coors all right. I need someone to run my fantasy football and my final fantasy account. It doesn't have to be the same human, so if we have a gamer in chat and also a football expert in chat - and it sounds ryan cox thus far - is the leader he uh. Can anyone top quarterback up until eighth grade, that's like where the bar? That's the high water mark.

As of now um, please change the one minute interval. I feel more confident um, but there's not much volume. The one minute would bore you to death because we're just not really moving at all. We could go to the one minute when we get closer to close when it picks up.

I must have missed the vote. Talk on amc. Where do i log in and vote? What does it show who's voted on? What shares all right? Let me show you what people are chatting about: hey technologies, app.say technologies, so here - and this was by no means me whatsoever, but uh - some people out there, whoever deserves the credit - obviously deserves the credit, my hat off to you, what they realized is. So let me let me tell you a little bit of a story and um.

I don't know if this was intentional, but people are did i tweet it don't forget to vote if you want your voice heard so. First of all, if you go to my twitter, you can see the link. The link is right here. This is for the upcoming earnings call, which is monday august 9th, so in six days from now, so anyway, what adam aaron and the team has done, has basically said, and just so you know this is from the legitimate adam aaron account.

This isn't some from. Like a rando out there august 9th is our next quarterly earnings call, we will webcast, so you can listen for the first time ever, we will take questions from individual investors on the call. These are those questions. My assumption is that they're just going to take like the most voted questions, but here's what's interesting, some big wrinkly brain out there realized on this website say technologies.

Someone realized that you log in and you have to basically do your brokerage account login and they want to verify that you actually own shares of the company. So you see the magnitude of votes, but then you also see the total shares that all these votes represent. So 18 000 people thus far have voted on this particular question and it represents in total 21 million shares. Now some big brain wrinkly brain out.

There realized that if we get a lot of people to vote, you could actually see potentially some sort of average ownership. So 21.4 divided by 17.9 um, so on average, that is saying that out of these 18 000 people who voted the average ownership is about 1 200 shares, which is uh pretty considerable, especially when you look at the numbers from early june, when it was saying that The average person had like somewhere between - i think i don't know roughly 120 - shares something like that. Maybe in that realm, so it's about 10 exit, so the more this number goes up, the more people that vote the more statistically significant it becomes. My one concern my background in computer science and statistics.
My only concern with this is these 18 000 people who voted there's a good chance that they could be better described as die, hard amc supporters and previously, in early june, we knew that there was about four million retail investors that four million. I am worried that the sub sec, the subset of that 4 million this 18 000 - might just be like the die, hard ones who have a lot a lot of amc. So i think this concept of being able to accurately explain the average and how much we own and how much of the float we truly own. It becomes more statistically accurate.

The more people who vote i'm not telling you that you should vote, because if you're not comfortable with giving your brokerage login well, don't do it, but also another thing is you could give your brokerage login, you could vote and then you could change your password if You're uncomfortable, that is one possibility that i saw some people throwing out there for me. I feel comfortable voting. I will be voting tonight because i understand that the more people who vote the more accurate this extrapolation will actually be, but my only concern is, i think it might be slightly overestimating just because of what i explained that i think the people who are voting are A bit more die hard and out of that four million, remember not all four million of those people were diehard apes. Some of them were just people who were like, maybe excited in june, and maybe they fell off the wagon.

Maybe they didn't, i don't know, but this is one piece of i don't know it's it's a very creative way for us to get more information and, like i said, i think it's super super creative and i'm interested to see how big this number is and how Big it'll go, but that's what people are doing. They're taking this number the shares divided by the total amount of votes and then they're figuring out the average and they're basically multiplying that by four million to see how much of the float related to amc that ape nation might actually own the higher. This number goes. I think the less of an overestimation will be, which is why i think it's good for everyone to vote.

But if you don't want to vote, okay, just don't vote, but it will be become more statistically significant. The more people who vote it is at a level that it's already statistically significant, i'm not saying that, like oh, this number's worthless, don't use it um, i'm just saying the the error. The margin of error gets less and less the more people who vote because right now, 18 000, divided by 4 million. I mean that's kind of small uh, so i would prefer to see more votes and what the good news is is that a lot of people are still going to be voting.
I mean this. I think you can vote all the way up to sunday. Someone asked: how do you vote go to uh the my tweet, basically uh, and check that out for those of you who own amc on weeble you're, not gon na see weeble. When you try to create an account, you have to go through apex, so create an account on apex link that to weeble and then from there you'll be able to vote through the apex account just so everyone knows um another thing, though, on an individual basis.

I think we could get information from this, but the fact that you're able to upvote multiple questions - it is not mathematically accurate to say you can just go through and add up all of these shares because you could upvote multiple questions if you so choose. So do not think it's somehow usable to go through and just add up all these shares. We all we can do mathematically and for something to be statistically significant is to look at one question: get everyone to vote on that question and then we could see some sort of average ownership, and i did not come up with this in any means or any Way or any manner, but the people who did hats off to them very, very creative, and i like where your head your head, is at. So that's what's going on if you're trying to find this website, i tweeted it out it's one of my most recent tweets, but for i get that there's concerns about having to give your brokerage login and i get that that's fair.

We live in a day and age where there are hackers and issues related to that. That's something you have to weigh out on a personal level. If you do have concerns, i guess my suggestion is, you could vote and then right away change your password update it to a stronger password. Maybe it should no longer be password1234 anyway.

Uh watch my dad yell at the tv put me in daniel. I, like that. I, like the enthusiasm just tuned in sorry if you have covered this already, but what do you think about xcla daily chart? I like it, it's looking strong um, you're kind of looking for that breakout in, like the mid threes matt, i have access to say. Technology's vote through catch up, but i only have 578 uh, 15 verified shares on cash app and another 576 on td, just fyi only about half of my shares yeah.

So that's some of the issues, people own shares in various accounts - and i understand that um, i'm sure, there's, maybe through td, that's another way you might be able to log in through apex. I know a lot of people own shares on weeble and i know you have to go through apex on at least on that one. How did you know my password um? What else do we have shout out? Tanner shout out pat shout out daniel uh. One thing i want to show everyone check out: roto, grinders and pay for the fantasy football info.
They are legit for all fantasy, so i slept with the qb in high school. Does that count um, not football, not a football advisor, but i got you calling it final. Fantasy is not a good sign yeah. I think the people who are doing it like think that i'm easy money - and, let's be honest, i probably am easy money, but who knows? Who knows? I think i trusted my luck.

Uh some people were messaging me that they didn't know how to uh hang out in the lo-fi stream for midday. If you still want to talk with people and listen to some background music, that's what this is for. Matt coors clips right now. Here's the duck! Emoji of me, so if you're listening right now and you're like right, i mean here's, the stream that ended um, it's just basically some lo-fi music and we're streaming the charts and you can talk to people share ideas.

And then we also clip some of the things like these things right here. Um are from the interview with dave, lauer, just specific questions, so you can learn about dark pools. You can learn about naked shorting uh. This is the field trip like it's just clips from the live stream, it's clips from interviews and then it's also live streaming.

Lo-Fi music! When i'm not here doing this show with you, this one is funny who's that hedgy. I would be curious before you actually watch it if you click on this video, just from the silhouette alone, can you, like type in your comment before you actually watch the video like no cheating um, but we had a lot of pokemon inspiration for this particular thumbnail, But overall it's mat course clips it's this picture uh just so everyone knows who's that hedgy whoa cardano is moving. I am in cardano and i wonder if i'm positive on the position, i'm gon na, let everyone know my crypto investments just so we're all. On the same page, because usually with my socks, i'm like hey, i'm in that uh just so you know if i do have some sort of inherent bias that i don't even know.

I have all right, so i will tell you i am in. How do i see my account? I am in bitcoin, i am in ethereum, i am in cardano, i am in dogecoin, i am in litecoin. I am in v chain and i am in algorand, and i am also in hex overall um. The only one i am up on right now is aetherium.

I got into ethereum very very early and i'm pretty much break even on cardano um, i'm a little bit down on bitcoin, i'm positive on ethereum, i'm break even on cardano uh, currently down on doge, definitely down on litecoin a little bit down on v chain and I'm definitely down on algo. Definitely down on litecoin is horrific. What am i doing in litecoin uh? So i hope litecoin comes back no xrp. I don't have xrp, but that's not because i dislike it.
It's just because that was on voyager and voyager does not offer xrp, i'm told one of the best places to get light or xrp is uphold and maybe maybe binance or something uh. Can you recommend a book slash course to learn technicals ryan yeah? I would recommend um some of the books, my favorite books, i've read are in the description of the video. You forgot xrp, no folks, i like xrp, it's just it's not offered to me on voyager. It's not offered to me on coinbase.

It's not offered to me on gemini um, it's just a little bit more difficult to actually get. We need a lawyer led by matt corzamc um, seeing how the lawyer thing recently played out with amc uh, if i'm being very honest and frank with you um, it just involves too much hate the hate that wes christian got the hate that chad got. I i don't know if i want to dip my toe into the that water really uh. Everyone just said: binance is d listed xrp yeah xrp is not the easiest one to get.

I know i know a lot of people are gon na come out here and like give me some hate and tell me that it's a complete scam and it might be - i don't know i don't really know much about hex, but i'm in hex and i've made A lot of money on hex um is this right yeah. So i a guy who i know who runs uh. Like he's an oil trader he's like dude, you got ta look at hex. It is a um.

I believe it's the only completed crypto project and it's basically like a cd like cds from a bank like those really boring things, someone took cds and they basically put them on the blockchain. I guess i don't know, and i get it there's a lot of people who hate hex, i'm trying to be fully transparent. If you're looking at hex understand, there are many many people out there who think it is a complete, complete scam. I need to be.

I just bought it because he's like yo dude, you should buy this and i was like. Oh, like it's fun, it's a yolo play um! That's all i like. I need you to be careful with it, because it could be a scam um. I don't know how to be more clear about that.

I got in at eight cents um right in mid-june - i don't know, maybe somewhere in here, i'm in at eight cents. Um. If you ask me, how do you check your hex position? I'm not really sure you have to have this like metamask thing, and then you have to remember all these words and blah blah blah and i kind of feel like dora, the explorer. Whenever i'm trying to see my hex position, it's not the easiest thing.

I need a monkey, i need a monkey named boots. I need a map. I need to speak a little spanish.

22 thoughts on “Amc gamestop: apes hodl on dumb money ep 22”
  1. Avataaar/Circle Created with python_avatars r H says:

    You always try to keep it positive. Quit talking out of both sides of your mouth!

  2. Avataaar/Circle Created with python_avatars Bernie Garcia says:

    <I must say. Bitcoin's price action has been fluctuated throughout the past few days and weeks, with bulls and bears both reaching a clear impasse, the aggregated cryptocurrency market has been following in Bitcoin's lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are why it's advisable for investors and newbies to trade with the help of pro traders like Rick Richard. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings have increased drastically from 1.01 BTC to 6.7 BTC in just 4 weeks using his strategy. You can easily get hold of him for a profitable trading system on TE-LE-GRAM (@rickrichardcrypto).

  3. Avataaar/Circle Created with python_avatars Dan Stanley says:

    Woods believes that order flow will not change the users, or structure…Woods also chose $COIN (horrible). She is super long…like forever. only explanation and still doesn't explain the rise….RH should die not be going through IPO. Q! billions lost, next quarter they'll be in debt to their eyeballs. they have no revenue except from order flow. Woods has inside info on manipulation or is just stupid.

  4. Avataaar/Circle Created with python_avatars Dan Stanley says:

    HOOD is being pumped to be shorted….that's the only explanation of it's rise….

  5. Avataaar/Circle Created with python_avatars Jonathan Schenk says:

    Neat-o! Hahah Love you dude, haha oh brother, Lets go!

  6. Avataaar/Circle Created with python_avatars MP says:

    it isnt completely accurate yet… My RH shows up but my Webull hasn't synced yet.

  7. Avataaar/Circle Created with python_avatars Jason Ross says:

    Matt you are awesome. Thank you for your continuing coverage and great commentary!

  8. Avataaar/Circle Created with python_avatars Eyemen Kheir says:

    πŸ’ŽπŸ¦πŸ’Ž

  9. Avataaar/Circle Created with python_avatars Ken Collins says:

    Citadel is using some of them Biden Dominion machines….

  10. Avataaar/Circle Created with python_avatars Miguel Hunter says:

    oh bruther

  11. Avataaar/Circle Created with python_avatars Rani Wazenegger says:

    You’re the best! I love your channel..

  12. Avataaar/Circle Created with python_avatars Ms May All Day says:

    Does stats support a higher foothold in GME over AMC?

  13. Avataaar/Circle Created with python_avatars Rani Wazenegger says:

    To the Moon! One of these days Hedgies!

  14. Avataaar/Circle Created with python_avatars mark leedy says:

    why are they not putt people in jail

  15. Avataaar/Circle Created with python_avatars Nonya says:

    Are hedgies driving down the price and then covering some shorts at a low mark. Seems like they are covering before $40 and then dropping and doing again. Wasnt this similar to last week?

  16. Avataaar/Circle Created with python_avatars fourfourjunkie says:

    The ticker is going up just not at the pace we want but it has been slowly but surly going up. If it stays this low once the priorities are paid then I shall get me some more.

  17. Avataaar/Circle Created with python_avatars David says:

    Still bullish?

  18. Avataaar/Circle Created with python_avatars Kevin James says:

    Matt how do you feel about Robin Hood pumping like a madman πŸ˜‚πŸ˜‚πŸš€πŸš€ and AMC dropping like crazy πŸ˜‚

  19. Avataaar/Circle Created with python_avatars Hola! Steve Filyo says:

    Hope you’re using this platform to promote the vote.

  20. Avataaar/Circle Created with python_avatars jose martinez says:

    Buy and hold let’s go 🦍

  21. Avataaar/Circle Created with python_avatars Musing wanderer says:

    The fuckery at the last 10 mins is insane!!! 🀯

  22. Avataaar/Circle Created with python_avatars ishtar0077 says:

    β­πŸ¦†πŸ‘“β­

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