Ape Nation: EARNINGS DAY πππ
Dumb Money Ep. 28 AMC, GME & Crypto Pop
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Video Topics:
trey trades, trey trades amc, matt kohrs, matt khors, matt kors, amc, amc stock, amc stock prediction, amc short squeeze, amc live, amc stock live, amc squeeze, amc price prediction, amc gamma squeeze, amc predictions, wsb, wall street bets, investing, trading, stocks, stock market, best stocks, top stocks, gme, gamestop, stock squeeze, gamma squeeze, mvis, mvis stock, doge, dogecoin, btc, bitcoin
Dumb Money Ep. 28 AMC, GME & Crypto Pop
Want better trading?
πππ No PFOF, NO Market Makers: https://public.com/MattKohrs
π¦π¦π¦ New Channel: https://www.youtube.com/channel/UCEs8xHv878KahE_BOUL333Q
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Video As A Podcast:
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#AMC #GameStop #MoonGang
Want to mail me something?
900 N 19th St
PO Box #3267
Philadelphia, PA 19130
* Be sure to write my name on any package *
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
Video Topics:
trey trades, trey trades amc, matt kohrs, matt khors, matt kors, amc, amc stock, amc stock prediction, amc short squeeze, amc live, amc stock live, amc squeeze, amc price prediction, amc gamma squeeze, amc predictions, wsb, wall street bets, investing, trading, stocks, stock market, best stocks, top stocks, gme, gamestop, stock squeeze, gamma squeeze, mvis, mvis stock, doge, dogecoin, btc, bitcoin
Hello, hello, hello, happy earnings day, my fellow apes ape nation. It's going to be a good one! Today, let's get this out. Oh a little too zoomed in today, hello, hello, hello, moon gang. We are so ready for today very very excited a lot of things to talk about.
I am jacked up. I can feel i can feel god in this chili's tonight. If you guys know what i mean so, okay amc. It is an earnings day that happens tonight at 5 pm eastern 4 p.m.
Central time i will be live streaming that, instead of doing my update video, we'll stream, the entire earnings call we'll do some live commentary see what's going on. It was a lot of fun. Last time, so i'm more than excited to stream that, like once again today, um actually, let's just go through everything, quickly: uh, let's, let's come back to amc, uh gme right now: training out 151. Let's show you the short interest on that bad mamma jamma.
On that bad mamma, jamma uh, today, utilization 47 shares on loan 7.42 million, and the short interest on gme is 12.6 um in terms of the overall market. On friday, it managed to hit a new all-time high right now, we're still pretty close. We might be seeing another new high today and that's the s p 500. Just everyone knows crypto, looking hot hot hot, you know me guys.
I'm not. I've been very public of the fact that i'm in crypto, but i'm not actively trading it one. Two three decades down the road i'll either be very right or very wrong. So bitcoin trading at 45, 46 000 coming off of like sub 40 ethereum, pushing almost 3200 cardano, pushing a dollar 48 to 1.50, even doge running off of 19 cents up to 26 cents.
Right now, after hitting 20., so crypto catching a wave looking very strong there. So if you're in crypto like, if you maybe have a a similar, i guess methodology of me of like passive investment of like let's see how it does or doesn't work out once again, not actively trading it. I just buy the major dips and then i just want to see if i'm right way way down the road uh. We could talk about that a little bit more in a second before we get into all the amc stuff, though i do want to point out for any like when people ask me beyond these moon stocks of amc and gme, what are some of my favorite sectors? I always say: uh eevee, i say esports and one i really like is gambling specifically online gambling.
So for those of you, who've been paying attention to that sector. Draftkings did announce this morning that they acquired golding nugget online gaming, so dkng acquired, g-n-o-g and draftkings. I believe is up this morning on that news. Let me just double check that dkng.
It was up earlier today when i was looking into it yeah so draftkings up. So that's why it's up today, uh it just it did acquire this other company and i as more and more states - maybe i'm thinking about this too simplistically, but as more and more states in the us legalize online gambling companies such as draftkings gold and nugget pen. I know fandu is fanduel, isn't uh publicly traded right now, but one day it will hit the market and people will be able to invest in that. I just don't really see where it's going, but overall draftkings did acquire it. It was a 1.56 billion dollar deal. So just in case you hear anything about draftkings. Today it acquired a rival now a part of its own company just so everyone is familiar with that. Let me get that out of there now, let's turn our attention to amc.
So just so you know this is now done the vote. It concluded 24 hours before it, so it stopped at basically 5 p.m. Last night, right here it's over a thousand per person who voted remember. This is for those of you who are just turning in right.
Now why are we talking about this say technology thing today? Is amc's earnings call they're doing a live webcast and it's the first time that they're turning it over to questions from the public from investors to be able to post a question or upvote a question that you like, and you want to know the answer to you: Have to not only create an account but verify your shares once again. If you want to do this, the time has already passed, but, as you can see, a lot of people have already done it. At least 63.5 000 people have done this already when in doing so we see that in this one question, there's 67.7 million verified shares and when you i don't want to do like a hardcore statistical explanation of what's going on. But basically you don't want to take this just over a thousand number and multiply it by 4 million, which people are getting that from early june, when adam aaron told us that there's 4.1 million unique entities that own amc.
Because right now, i'm not going to say. Let's cut that down to 4 million because that number did include hedge funds, banks, market makers, blah blah blah. The list goes on, but anyway, let's chop off the top hundred thousand - and let's say four million - are retail investors. Well from that moment, you can't just take this average and multiply it, because that's saying that four million people all have a 30 plus thousand dollar investment in amc and to me, is it theoretically possible? Well yeah? Of course it is.
But given what went on in the previous year in 2020, i think there's there's a little bit too much financial hardship for that to like truly be a reality in my opinion, so i think that's when we come into the concept of you have to do really More of the pareto principle, the bimodal distribution - i think people who went out of their way to vote there's a good chance that it was more like hey. I really want to put it in because i own a lot of shares of amc. So don't just multiply that average it's a little bit too sophomoric of a methodology to approach it. Instead, you apply this to about 20 of the people, and the other 80 of the people probably have that average.
That adam air and the ceo of amc's already told us around 120 share mark and my point in bringing this up is even when you're conservative like that and go out of your way to underestimate it's as simple as this. The numbers do not add up to me. This is one of the first times we've had statistically backed evidence of what we've been claiming for the past six months. This entire amc saga of something is not adding up, and now we actually have some math that like points to that and agrees with the kind of allegation that we've already been putting out there, um there's a probably a very good chance that adam aaron today is Not going to address naked shorting or synthetic shares just because that's not that's the sec, that's finra! That's the stock market, he's there to lead a company and make a company more successful. So i'm not going to hold my breath on any comments about it, but it would be interesting to see if this particular narrative storyline gains any traction. I explained the story on fox news so shout out to them for like letting us share this story of. What's going on, specifically as it relates to timothy b's question uh, but it would be nice to get that uh even more um out there like just spread it because like to me, this is a very important narrative, a very important storyline. The other thing that was coming up was people realize, on august 6th on friday that it was reported that swiss national bank owned 833 000 shares.
Remember that's when it was reported, but the date effective date was june 30th. So the data was valid. As of june 30th, and then we work on like a month delay, basically, they didn't buy all 833 000 shares, though, in the most recent quarter, uh before that right here, the quarter before that they owned 195 and they jumped up to 833. So basically, they bought just over 600 000 shares in the last quarter, which was a 325 game.
So i just want, if you're hearing anything about swiss national bank buying amc. Yes, they bought amc. They bought over 600 000 shares of it in the last fiscal quarter. So uh they're definitely bullish on it uh.
Obviously we know that there's some other hedge fund, i believe, based in london, od or something like that. That announced that they're short on amc overall, some of wall street itself we're not against all of wall street, we're against a portion of wall street some of wall street's on our side and they're, actually looking for amc to explode higher, because that's how they're going to Make a lot of money every single dollar that amc moves, that impacts swiss national bank by eight hundred thousand. If it goes up two dollars, that's a gain of 1.6 million on the day. Folks and people like that.
Some are even bigger, such as blackrock owning 30 million shares. Imagine that every single dollar moves that's a swing of 30 million dollars. So there's i'm just trying to illustrate the point that some of wall street is very much long on amc and they're betting on its upside potential, similar to the way that we are in terms of the data points uh across the board. We've been increasing. All of last week, heading into today the short interest 16.27 percent shares on loan 106 million now and utilization 94.5 percent. Today, they've already borrowed a third of a million against it and the short interest slightly higher, but, like i said, these numbers have been trending upward. Upward upward increases across the board short interest shares on loan utilization for amc, the the money, betting against amc. The aggressiveness of the bears is getting more and more blatant like they are definitely ratcheting.
These numbers up the average duration of these shares on loan 40 days. It dropped by 1.5 days, but that makes sense because we're seeing such a new increase in shares on loan. So when you have new ones, they're of age, zero or one day, so obviously that's going to bring the average down. So when you see a slight decline on it well, it adds up because you have so many new shares on loan.
So overall, that's kind of the quick rundown of what's going on with gamestop draftkings uh, the overall market amc, the vote earnings cast tonight once again. 5 p.m. Eastern, i will be streaming it, so if you guys want to hang out and check that out, all out together definitely feel free. It'll be interesting, usually lasts about an hour uh, that's a roughly how long the last one was, but obviously that could change based on how in depth they go on these questions because they will be taking probably the top, how many ever questions uh, but overall, that's Where we're standing at right now, as i'm saying this live amc, is at 3250 gme is at 151 draftkings 53..
We could poke our heads in on that throughout the day to see what's going on the overall market uh 442 remember this is the all-time high. Basically, 443 and then iwm the russell 2000, which amc is a part of also it sold off to start today off, but then it kind of made it back all the way to neutral. So that's quickly, i guess the rundown on the day of how we're getting set up of what all is actually going to go on. Um awesome, awesome, awesome, all right: where are we on this thing, and i'm are these some tech issues? No, i think we're good.
All right, let me go through your questions. Doing a bleep happy monday apes shout out shout out. Why is this not loading? I can't see anything morning matt. Can you shout out my wife, kate um? She just started watching and doing her best to learn.
Appreciate you bud, oh brother utilization made a drastic increase and the cdp barely moved because you don't see a jump in cd cost to borrow until you're around 100. It's all about the difficulty of something to borrow and it becomes notably difficult around that 100 mark uh. That's when we've seen it spike previously is when it was at 99 100, not at 94. uh, i'm balesi balzi's policy message retracted. I like the mystery. I do like the mystery shout out shout out and let me just make sure here we go. Oh, and just so everyone knows uh, i mean if you've been kind of paying attention to the insanity with uh. I guess like we'll call it my luck on youtube.
Uh i've been terminated twice. Fortunately, i did get my channel back um, but i, if i really think about it, i don't know if it's necessarily youtube who's out to kind of stop this, but obviously there's some sort of entity. That's i don't know mass reporting accounts. It happened to me.
I believe it happened to bitboy christa bitboy crypto. I know it happened to tmi also a member of the amc community um. So for me, it's very important to just not have all my eggs in one basket of what i, where i am where i'm not. That type of a thing, so just so you guys know i am working on redundancies over the weekend.
I did get it working with a rumble account, so i am on rumble i'm actually dual streaming right now between youtube and rumble, and that's what i'm going to do moving forward, because if one goes down i'm obviously i don't want to lose everything. It seems too risky to bet on one platform, especially when they can be attacked by bots or whatever was going on, i'm not really sure, and then obviously we have the twitch as well for um, i guess just various backups of like or when i'm doing like More fun content - that's not necessarily related exactly to the market, so we are working on various uh, i guess redundancies and fail-safes. I have the macquarie's youtube channel. Another backup is the mac coors clips.
We also have rumble - and we also have twitch so right now we're rocking with four things and with those four things i do feel comfortable as of now, but let's see how it goes, but i'm excited to be, i guess, multi-streaming, because it seems just way safer And way more realistic as a content creator, especially one who has multiple times being identified as harmful and dangerous, and you just lose everything trust me that is an awful feeling so overall youtube matt coors the backup, youtube channels, matt korres clips on rumble uh matt kors. As well, i i believe the username is macquarie's as one word and then on twitch, it's matt underscore course. So, really, if you're just looking at mac course, theoretically, you should be able to track me down, but i just wanted everyone to know that. I'm on that we're multi-streaming we're kind of getting it figured out, but so far so good when shares are lent out to be shorted.
Is there a specific time they are lent meaning if the broker wants the shares back right away, does the short have to return them immediately, yeah, so gary um they that's, they can force a retraction of the shares. That's referred to as a buy-in um and generally i've seen some brokerages that when they give you a buy-in order, you have till the end of the day, other ones. I've seen that you have an hour of like they're, just going to close your position on you, but they don't always have to force a buy-in if the brokerage itself doesn't need the shares that they lent out to you they'll. Just let you keep it as long as you're paying that cost to borrow fee. That's a great question gary we have here shout out shout out before we get really rocking today. Everyone show a little bit of appreciation for the mods across the board. I strongly believe uh. We have the strongest mods in the game, the most efficient, agile mods in the game.
So uh, let's drop some. I don't know some apes some diamonds. Something in chat show a little bit of appreciation for how hard the the mods really work. Uh matt stash, don't a cat.
Well, the the the say voting is done now you you can't vote uh, currently uh that ended at 5 p.m. Last night, oh, oh! Oh! The one thing i wanted to bring to your attention is kind of what's um, a lot of people are talking about. It hang on uh and i get it if you look pinned to the top of chat, public.com pin to the top of chat. If you follow the link, if you're trying to trade, make your future trades on something that not only avoids payment for order flow but also sends all orders to a lit market check out public.com cords, it's pin to the top chat you could get up to 70 Of free stock, you kind of actually pick what you want of like you get slices and it goes up it's up to 70..
A lot of people have been getting somewhere between 10 and 15, and then you apply that to whatever stock. You want, whether it's apple disney, there's like a whole host of options but check it out. It's free trading, no payment for order flow, lit exchanges. It's for us residents so if you're outside, unfortunately, this won't be an option for you.
But another thing you need to know is public isn't for options trading either, but if you're just looking to buy a sock, if you want to keep this as simple and basic as possible of hey, i want to buy amc. I want to buy gme. I just want shares. I don't want to actively trade.
I don't want options. I don't want any of that. Fancy stuff public is an amazing option. You create an account you're going to get some free money.
It's free trading, no payment for order flow, no market makers. It's really a win-win for the community that is pinned to the top of chat. Um excited to be able to do that, because i know some of the issues right here with weeble people are starting to realize. This is weeble, and i like it for charting just because of like visually, but i just want people to know that moving forward uh, my own share trades not going to really be executed through this um.
I've been working hard in the back end to try to find a non-payment for order flow options trading and i think the only one that might really execute on that is interactive brokers. But i need to fact check that myself uh. That's just what i heard and i need to reach out to them, but i'm just i just want you guys to know about public, because that's a big thing, because remember we're not only battling for payment for order flow. There are some brokerages that do payment for order flow and then still route, a majority of their orders to market makers, and that's inherently the big issue. Our issue is that citadel securities and virtue are getting way too much trading they're getting way too much data. They have an asymmetric information advantage above everyone in the market and payment for order flow directly, send your orders to there. But then you have to be careful about the other brokers. Is that they're, like whoa? We don't do payment for order flow and then you look into it and they still send most of their orders to them.
So the name of the game is sending orders away from market makers and i'm happy that public does that a big question is like well: if they don't do payment for order flow, how do they make their money? Then they do have a tipping mechanism. If that's something that you care about uh, that's part of how they like kind of keep the business alive and the other aspect is they do do share lending. But if you don't want your shares lent out, you can opt out of that program. I'm just trying to be very transparent and straightforward about the pros and cons of everything we discuss and everything we look at.
So just if you decide to follow through with that, it is pin to the top of chat. But i want you to know like what you are and are getting into all right morning: apes. I love. You all.
Have the best week shout out kinky kong, always putting a smile on my face. Happy you're in the house can't adam aaron see the share count of a specific individual. Wouldn't it be possible to see if he can confirm it if he checks out, no adam aaron won't be able to see that uh. Remember when you're the leader of a company that doesn't mean that you have the insight that the sec and the finra does like his goal is to make amc the best company.
He can. It's not like. He has like um special vision into the stock and, what's going on more than we do like. Obviously, if they're making deals and insider ownership like he'll, know about those deals beforehand, but in terms of stock market plumbing uh, he would be in the dark as much as we are.
Someone said that they can. Let me double check this that they can hear me. I guess so yeah people end up here in the wrong one and then um so right now i don't know who is or isn't having problems specifically on rumble uh people. Some people are saying they can hear me, but not seeing a video i'm seeing it.
It looks like it's coming through live, so maybe if you just want to do like a reload of the page uh that might help, but i i just want to make sure we're all looking strong on that all right uh. Have you seen the calls between here and the 35 roughly 22k, so that would represent 2.2 million, which shares of amc, which is good um, but definitely remember back in june, how we seen considerably more? How will we know what you what's the password mlev great question? You guys know the password uh. I saw there's a whole new host. I believe of fake twitter accounts out there. Please don't fall for it. I am matt underscore coors on twitch, twitter, instagram and then mac on youtube mac on rumble. Uh, don't fall for those fake accounts, make sure it's spelled properly. I'm not dming people, i'm not saying hey.
I have a great investment opportunity for you. That's not me. It sounds like a fake account. I mean it doesn't even sound like me.
The way that they're messaging people, so if you see those fake accounts, unfortunately twitter and instagram, are refusing to verify me um. I don't know why. I guess they just only verify humans on that platform, so it's frustrating, but i am at underscore course i'm not dming. You please please be safe with that.
On those i don't have a whatsapp, i'm not asking you to telegram me, i'm not doing any of that stuff. So please double check if you think you're talking to me, go out of your way to make sure that you're talking to me, i don't want anyone sending money to some like random person uh. So please be careful! Happy birthday matt sending you canadian tim horton's coffee from here in my igloo to wake you up in the morning. Thanks for all, you do shout out dan.
I appreciate that used to watch your videos every day before i lost um good, to see you're still growing and thriving, sending positive vibes shout out. I'm sorry about your gme hit there, but i hope you can make it back elsewhere in the market morning. Matt. Can you shout out my wife: we did that utilization all right, tyler great question about utilization.
I use etoro to trade amc, but i found out that i don't own shares. It's a promise of shares. Do you think platforms like etoro, plus 500 selling fake shares make up these fake share. Ghost shows no, no, that's not how it is um, it's because you don't own it, but the brokerage owns it.
So the brokerage goes out and buys those shares, and then it's an iou, so the brokerage ends up the the share promise you're referring to people still own it. But it's just not you. It's. Your brokerage owns a large pool of shares when you're buying and then when you're selling they're going to sell off from that pool of shares.
Even if i have shares i can't vote because swedish banks don't have partnership with say.com shout out kinky kong uh, there's a matt, a fake matt underscore k-h-o-r-s fake account. Friending me fyi yeah, there's many just so you guys know: coors is k-o-h-r-s, they do misspellings or instead of an o they'll, do a zero. It's frustrating so just double check that if you think i'm damning you and in all honesty, i'm probably i'm not dming people. I'm not asking anyone for money. All that stuff is just nuts explain why a 40k buy order. Drops the price 40k buy order. Um, i don't think a 40k buy order would drop a price. Well, it depends.
Are you doing it at market like? I would need more details because remember when you're buying 40 000 worth of a stock, someone is selling you 40 000 worth of that stock. For every buyer there is a seller for every seller. There is a buyer, so it's more of the price that they agree upon. How did you uh opt out of share lending with public there's like this help text like it says it's a call thing, but it's actually like kind of a text.
It's more of an automated system that you could go through. It's actually really simple. If an ftd was at a price of 52 and the current price is at 32, whose profit loss on the difference in the price is settling ftd other allen, there wouldn't be a profit or loss in that specific one. I assume you're referring to naked shorting to cover a naked short ftd.
The brokerage has to go out of its way and find those shares so like the risk is on them. The onus is on them to locate those shares and say: okay, they're properly accounted for for whoever actually shout shorted them. So it's more of not necessarily buying or selling for naked shorting. It's locating those shares and properly attributing those shares to who actually went short.
Did you get the duck dodgers space uh space duck to the moon wp83? I most certainly did it's sitting right over on my desk um. Actually that video, the unboxing video should be posted not only to rumble but to the mat course clips channel um yeah. We did thank you so much we're actually getting a whole host of really cool figurines. I appreciate it, oh so, for anyone who missed out on that the we usually do unboxings on sunday night, if you want to be a part of that, the po address is in the description of the video just so everyone knows you can see the po address.
Um you can send whatever you want there and then we'll do a live unboxing with any of that did my first options trade last week - nothing crazy and far out, but i want to thank you in the ape community for giving me confidence to do it. Shout out james during if there is a quieter point of the day today we're going to break open, tiblio and we'll see if there's any other opportunities of to make money. If there's any good credit spreads to sell or if there's any big money being bent on things like i don't know, let's see how draftkings react today, uh definitely worthwhile things to pay attention to so maybe after the market opens up, we could see how that all Really plays out no sherlock thanks for that all right. What happens with a stock recall stock recall are. It depends um specifically on the recall you're. Thinking of i would say that the most common type of a recall is referred to as a buy-in and that's when someone is short and the broker says hey, we need those shares back and they force you to cover that position, like i said, depending on the Brokerage, some of them give you to the end of the day, i've known of other ones. That only give you an hour, and then you have to cover your short, so that is the most common type of stock recall but uh more. If that's not the recall you're referring to, i would need a little bit more info.
What is your philosophical stance on life um? My philosophical stance on life is we're here for a fun time, not a long time so uh make the best of it. Hey matt subaru's still strong shout out uh, as is my will to hold my 2k gme shares and 4.5 k. Amc shares to the moon, you're doing a great job. Don't give up shout out, hey i'm going to keep going as long as your subaru's going.
So, basically endlessly someone is asking public, it is u.s only uh, hopefully one of these days they are spreading internationally. I was just working as hard as i could in the background to get you guys, something that i could verify is not payment for order flow and also could verify, is not going to the market makers because, as we were looking into it, we very much quickly Found out that payment for order flow non-payment for order flow brokerages, some of them are still routing most of their orders to market makers. So i needed to check both of those things um, because i just never knew that they would do non-payment for order flow, but still send a majority of their orders straight to market makers, which was something i was like. Obviously trying to avoid.
Mr boule shout out. Shout out er is the stream lag in morning matt by the way, let's have a great day uh. Can anyone confirm uh, hang on mark it's about to open, let's drop to the one minute, one minute, one minute, one minute, one minute kind of want to see what dkng is gon na do out of the gate right here they did acquire gnog golden nugget online Gaming, so let's see how that actually pans out get ready folks get ready, get ready, get ready, get ready all right as ready as we're gon na be it is amc earnings day no lag. I appreciate that let's get ready less than a minute seconds left.
Let's do this all right all right, ding, ding, ding, the casino is open. Oh open! It is amc out of the gate. 33.. I like it.
I like it. I, like it gme 152, i'm not really trading much low volume, very low volume on gme casinos, open team. The casino is open, remember, especially if you're just joining in. I very very much like waiting those first 15, 20 30 minutes just to see how things are shaking out, especially on a monday just because it's the weekend, people are reacting to the news, especially today, people are going to be positioning themselves for the earnings announcement. Uh amc, i'm kind of expecting a strange day. I don't know up or down, but i'm i'm expecting a bit of a unique day, just because not only a lot of retail, but also a lot of institutions. Banks, hedge funds, market makers, trying to position themselves for the earnings call tonight uh because you never know what is or isn't gon na be said coming out of that so uh, i'm interested i'm just gon na. I think it's gon na be a strange day uh.
So i'm very excited for it excited to see how this all plays out. Man gme volume, very low, only 40 000 gme volume, uh kind of non-existent interesting iwm getting hit the first two minutes by amc. Holding strong amc is actually in the green rejected just below 33, but looks like it's kind of running up to that now. So it's calm cool collected, let's see how this all really uh pans out.
I want to sit back, relax enjoy the opening. Bitcoin is at 40 just below 46 000 doge is at 26 cents, ethereum, 3142 uh, so crypto doing very well. Over the past week, actually uh past two weeks, crypto just seems to be waking up. Uh low volume due to rerouting on dark pools, jay that actually wouldn't have an impact volume on a dark pool, is still reported.
So when you see the volume daily volume that includes market makers, lit exchanges and dark pools, basically it includes all on exchange and all off exchange trading, um. So you're still going to see that volume it's reported. Some people are under the misconception that it's somehow delayed in its reporting by a day, but we had that interview with dave lauer and he kind of verified and also showed that everything is essentially reported instantaneously. But they do have up to 10 seconds to report it.
But still that's a 10 second delay, then um. Nothing is b like uh. I think if you still have questions about payment for order flow or dark pools, i would highly highly recommend watching the most recent interview with dave lauer, because we just dove into all those questions up front feels like a magnet and rocket kind. Today, yeah we're definitely going to do that.
I guess once we get opening and things settle after that. First little jolt, let's uh i'll happily, do that happily throw up some rockets happily throw up some magnets matt important question: what is stock amc? 0924. 0924. I'm not too sure about that one, not too sure about that hang on one second, can i fix this over here done.
Oh sweet, shout out all right: amc, 32, 55. uh where's, the red green movement on this today. 3270. All right, this is the red green line, iwm kind of getting hit out of the gate, draftkings actually getting hit out of the gate uh.
I guess people not really the biggest fans of the acquisition, oh spy, getting hit as well. It was about 20 cents off 15 cents off of making a new all-time high. Now the we have indices being sold off the russell 2000 and the s p 500 um gme not doing a whole heck of a lot, but it is green on the day. Amc just went green once again on the day, while we enjoy the open good to point out uh to buy an ethereum 2.5 k been too hot lately, trying not to lose good point to buy um yeah, so ethereum is hot right now. I would wait for more of like the rsi to get closer to like more of a oversold type of a thing um, but i'm in ethereum i've been in ethereum and i i kind of like i think ethereum is a great long-term hold. Maybe i completely misunderstand what it is and isn't doing, but i am very bullish on ethereum one two decades down the line um, it might be a bit chasy now, but i think of it this way, whether you're getting it at 2k or 3k. Well, i mean it sucks and you can buy more and of course, you should always buy on weakness, buy at support, but if you're, if you're just trying to buy one and have some fun with it and see how that goes, i mean, if you save yourself, 500, now or don't i mean that's not going to be the make or break it thing long down the road like, i said, i'm not actively trading it, i'm just kind of sitting on it. So for me, if i'm off by a couple hundred dollars here or there, it's not going to make a a big difference when i plan on locking in my massive profits years down the road, do you think today might be low trading because of earnings announcement? I think it's going to be one or the other.
I think it's going to be notably low or notably high. I don't think it's going to be in between either a lot of people are going to be trading jockeying for position, especially in today's power hour or everyone's going to be, like hang on, let's just wait and see what's said on the earnings and then we'll trade Tomorrow, so i don't think it's going to be in between either low volume or high volume and that's obviously 4 amc here jimmy it already just looks like it's going to be a super low volume day. Amc looking hot hot hot, all right, so 3350 is kind of a notable level. Actually let me show you this really quick and what i think is going to be interesting is 36 flats.
So, let's get above 33.50 because that's exactly where we've been battling it now for three days in a row i want to get above 33.50 next, stop 36. uh. So let me mark those numbers out for everyone, because right now we are looking pretty good. I would love to see a push up to 36, looking strong and right now, where we're at 33.50.
We've seen this for three trading days in a row where it's gotten kind of rejected here, so i'd love to overtake this and hold above it and right there boom goes the dynamite 33.88 33.90 we're pushing 34. we're seeing some strength, folks, some strength, strength, strength. I, like it, iwm also bouncing s p 500, trying to bounce, but let's see how this actually goes. Amc at 34, 34, 10 push and push and pushing boom goes the dynamite right. We're looking good looking good all right. Let me just double check some of this stuff. Don't need that! Don't need that any breaking news on twitter, hey, we're only seven minutes into the day! Remember: com, cool collected all right, all right! Nothing! Crazy! Right! Now, nothing crazy! I just want to make sure that the rumble chat is getting properly routed. Boom booze rumble lit smash that rumble button.
Hey shout out shout out to everyone on rumble. I appreciate that it's always exciting for me uh to start something like new like that see how it's going out figure it out. I always have fun. I feel like honestly.
Maybe that's why i'm even a little bit more energetic today, if you haven't already whether, wherever you are whatever platform you're on, i would highly appreciate if you could like and subscribe that does help out with the algorithms and it serves this video to more people. Hence we grow the ape nation community even more as more people see the video we we're just trying to spread the story. That's the name of the game, folks, the more people that know what's going on and that we're not just. I guess these crazy people in our basement shouting about market manipulation.
No, it's way more evolved past that we have some data. We have some evidence. We have some very high level due diligence and i think for us, that's how we win this is we spread the story to as many people as who are willing to listen to it, so anyone who goes out of their way to like and subscribe on whatever Platform, i appreciate it because it just gets it to more people and that stuff is completely free. I'm in no way asking for money off of it.
Do you think turning low because of earnings all right? We did that shout out big shop shout out justin shout out shout out shout out emc looking good today makes you smile makes you smile in fact, hang on. Let's help out with amc, let's work on our six packs. Let's stand up folks, let's stand up so only way to build a six-pack. These days is just as you're streaming the market live.
You just got to stand up: hey everyone, let's burn those calories hey if we're going to be completely rich from the paradigm change in wealth in the us because of the stock market. Obviously you want the vehicle for that money, so we got ta all work on our six packs all work on our six packs. Everyone's like. Oh, you got a diet.
You got to run and exercise. No, if you i just assume, if you stand for like an hour a day, that's all you need to do you'll be in olympic shape within like three weeks or something i don't know. I don't make up the rules. I don't make up.
The rules hang on the other rules. I don't make up. Are your your fuel folks, the fuel is what you need. Dude i exercised every day, getting ready for this. It was like uh i like when you have all these people that uh they always have cool stories of like. Finally, the switch that flipped in their brain. That they're, like i got ta work out like this. Is it whether it's uh health issues or a child, or just something happens like you're, not happy with it? You're like i need to take life by the horns and like really figure this out, i just want hundreds of thousands of people to be like.
I need to become fit because i'm going to be rich and i want to enjoy it with a fit body uh just like i want like just comically shallow explanations, it's nothing about your health or feeling better or for your kids or your family you're like no. I'm gon na get rich and i want a body that represents that um, hey it doesn't matter. If you have a good reason or a shallow reason getting into shape is getting into shape. Um philip, you just said, you're lagging so hard.
This is out. I don't think it's really lagging for anyone else, so maybe just do a quick, reload or uh, maybe lower. I don't know, but i don't think it's lagging for many people. Let me know if i mess something up in my own settings.
Is ken ripped? No and that's exactly what you need to know shout out shout out yeah. So if you are having problems, just a um just do a quick reload, just a quick command r control, r, whatever it is. That's if maybe that's what i'll end up using twitch for is like well i'll just do we'll live stream workouts together for real, though, and like i, i don't mean this facetiously or sarcastically. I've never been a person who's into um.
Yoga, like i just never got into it like, i think i have a very common like, oh like you, just started lifting and then all of a sudden you lift more and you get tight and everything's, and over the past couple months i've been reading books and Watching some documentaries on people who had bad problems like i think i don't i mean i had a lot of injuries playing sports growing up and i think they're finally catching up to me, especially because i was sitting for so long um, and so i'm like. Oh like what's something i can fix this with like and everything i come back to when i search it comes back to yoga um, so i almost feel like i never like, spoke illy of yoga, but i don't think i gave it because i was like. Oh like well, what's going to go on, but now it seems like. If anything, i should almost do that mainly like it see i'm hearing so many good things of like hey man.
I did yoga for like one hour a day for three months and people are saying that it's completely life-changing um, so i'm not a yogi bear by any means, but i kind of want to become one because i think like i just everything is too tight. Like my muscles sitting sitting, this long cannot be good for you and i think the way to really counteract it is to get like super into yoga. So maybe maybe that's what we'll do on twitch is just we'll do a live yoga class here. We'll do duck duck yoga goggins stretches two hours a day. Honestly, that's one of the people i found out about was david goggins, who, if you haven't heard of him, he's this like hardcore like mental disciplined person like a very inspiring story, but a guy who kind of grew up in very rough circumstances, not happy with his Life and out of out of nowhere one day, a switch, went on his head and he, i think, ran a hundred miles like he just randomly ran 100 miles. He ran a hundred miles before he ever ran like a singular marathon, which i just think is insane. He did it on a track which is like what 400 laps on a track absolutely inspiring and the dude was not in shape or - and it just shows a lot of like what you could do with your own mess mental discipline. But anyway, before i go like off on too much of a tangent here yeah, he was saying that now to keep his body where it needs, because he does all these extreme physical challenges.
He stretches like two hours a day and the biggest thing he focuses on are like his legs and his hips. Just because like right now, i guess society like we are in a situation where everyone we just sit too much. We're too sedentary, like you, got ta stand, you got ta move, you got ta get out there and i think um, whether it's purely for your physical health uh, i'm a strong proponent of even if you don't necessarily care about your physical health. I love its benefits to your mental health when you're doing things physically that you should and honestly i'm not coming at you as like.
Oh you got to work out. I've been doing this no um, i'm saying over the past six months over really ever since the pandemic started for myself. Personally, i let it all go to the wayside and i'm i i don't hate myself for it, but i hate myself for it type of a deal and i think that's important. Like i used to be active, i used to do things and you're looking at a guy who now over the past year and a half has done nothing and, like you, come up with excuses and my excuses was this.
I was like hey. I work hard, i'm on youtube the world shut down. I can't go to a gym anyway, and that's simple and like on the outside. Anyone out there they're like, oh, no, no, that makes sense.
You are working hard like don't be so hard on yourself and but, like you know secretly like your own, conscious in your head, you're like no, i probably could have done something, so i'm not coming at it as like. Oh, you guys got to join me and, like oh health, health is wealth. Folks i got to do it. I'm saying i'm probably sitting right there with a lot of you of like no, i kind of wish i was doing more.
I i don't work out as much as i should. I try to do stuff the other day. I let the internet bully me into running a 10k which i thought was fun. So, if that's what it takes, if it just takes the internet bullying me into getting into shape hey, i like the end result um, but i just feel like i need to do. Do something uh with my life because uh in terms of a physical thing, because i think both obviously the if you're working out, obviously there's physical benefits, but i think the understated thing is the mental benefits um. I will not be giving up cheez-its. I will not be giving ving up sangria, i'm not gon na be one of these people, but, like oh, like a big thing to that is diet. You got ta eat clean, okay, i'm gon na be on board with you for a lot of this, but um not definitely not to the extent where i'm giving up cheez-its or sangria um.
That is something that's not going to happen in my life uh i'll i'll. Do the other things i'll work out i'll stretch, all meditate, but um you got to draw the line somewhere and my line is at cheese. It's in sangria not not going to happen ever it's just a part of who i am uh all right. So right now amc green on the day.
It's at 33 jimmy at 153 iwm it went down and made a new low. It looks like the russell 2000 is kind of dragging amc with it we're seeing a little bit of weakness in iwm and s p. 500. Bending over perhaps a little bit right here, what do we have uh robinhood at 59 and then we have nvidia at 203, microsoft, 289, penn national at 71..
It kind of makes that penn nationals down uh, just stronger competitions from draftkings um virgin galactic. Remember that breakout levels at 34. uh - i was i did - have puts on it. I no longer have a position on virgin galactic got too beat up.
Um. Remember i i still own puts on robin hood, but i already locked in 100 gain on half my position. So it's a riskless trait for me, the worst case scenario on robinhood right now is a breakeven trade um. What else do we have that's about it? I'm not oh tesla's up tesla's up sixteen dollars up to seven fifteen interesting uh, coming back to that.
Seven hundred dollar mark well, it was below it and then it recaptured it and it's pushing. We know. 715 718 is resistance, so tsla, currently at resistance, uh, nasdaq, the queues flat on the day. What is going on folks did i do this right? Am i missing? I don't want to oh, it looks like i am missing.
As someone who went from 250 to 190 pounds, discipline is the biggest thing stray from the path and give yourself excuse in the futures. Tough mudders are awesome, so i think that's. What i need to do is just commit to doing some sort of weird event: um such as a tough mudder or an iron man, or like a spartan run. I feel like if i just commit and sign up for an event like the way my own psychology is i'll start doing it uh odd lots.
Can trade ultimately hit the tape, but not impact the price in real time internationally or not due to permitted lag to fully close odd lots? If so, why can't this be done used no joshua? I i don't really subscribe to this notion of odd lots. Remember whether you buy an odd lot or not, it's still essentially going to be reported and have a material impact on the price instantaneously and definitely within 10 seconds. I would love to hear your rant about rich greenfield's latest appearance on squawk box. This am trashing amc saying there is no longer any short interest, pat uh, i i didn't listen to it so i'll. Listen to that midday during the break and then when we come back for the afternoon stream, uh i'll be able to comment on it. Let me write that down, so i don't forget about it. I didn't know that rich greenfield was, i mean, that's what he likes to do, though he likes to talk crap on amc. So let me write that down for the afternoon session.
Here we go rich greenfield. Do you think rich greenfield would ever come on my show that would be kind of interesting to see if you'd be like willing to talk to us uh, because i think a lot of these times when you're on mainstream media, you get a really small segment and Um, if i did it, i would obviously have to turn off comments, because you guys would be probably pretty vicious. I think it could kind of be an insightful conversation um of people who have very obviously disagreeing opinions or even like jim cramer, um or even that guy from motley fool sean williams. I think it would be interesting to bring someone on who is like on the polar opposite end of this particular trade um, just just to see if we could argue with each other just to see how much we could really get into it.
Uh, can you please remind everyone to contact their congress, man and press them about four six, one, eight, four, six, one: nine, four, six: twenty enforcing transparency for retail xxx. You legend shout out miles and remember right now, so i think it's four six one, seven one! Eight one nine is it twenty there's a group of really three to five different bills that are being heard. They did pass the uh house committee, the financial committee, whatever that one is so now it's at the u.s house from there. It needs to pass that.
Then it needs to go to the senate and then from there it needs to go to the president um. So it is a long process. Obviously it's a long process, but it's better than nothing. We are seeing some sort of progression in general like we're slowly but surely making progress and they relate to various things.
Uh. The one is about reporting your short positions in the 13 f filings and also increasing the cadence from quarterly to monthly. The other one is looking into payment for order flow, it's fs, efficacy, it's pros, it's cons and maybe it's conflicts of interest and then the other one relates to market makers and holding them legally culpable if they or an employee of theirs basically uses their information to Front run their own clients and make money off of it so bills that all on the surface level very much seem to be for the retail public and in favor of us. So i'm happy that they passed the first leg and now they're being heard by the house uh, the us house, so um excited to see how that really plays out, but yeah call your congressmen. Let them know that we are in support of it. So, on the verified share account site. It shows that i have 50, but i have 67. That's with my robinhood account and registered with the numbers are wrong.
Um, scott, so remember it can only register once i don't know when you bought it, but they have to be gone through the t2 settlement cycle. So if you bought them within the two trading days of registering it, those wouldn't theoretically have hit in your account uh. I don't know when you did or didn't, but i'm saying maybe that's one potential explanation. Matt keep snacking because being fat is better for your girlfriend, you'll give more warmth in the winter and more shade in the summer, uh interview them after the squeeze.
So we can laugh, yeah that'd, probably be the time to do it. It's like, after the squeeze, bring them all on we'd love to hear all right. We did that i'd be glad fitness expert for apes, bring me on for an interview, i'd like to do for you a web, a free webinar shout out in shape fitness check out yoga with adriana she's, an awesome youtuber with over 10 million followers great for beginners And beyond, maybe i'll have to do that in like my mid-day break is just get some yoga and serious question. Did you check your oil? That's a great question.
I actually did not. I was like you know what i there's no point in checking the oil. If you own a corolla, because nothing could ever stop a corolla like i some of the time, i question: if corollas even need gas, corollas are tanks and nothing stops the corolla. It doesn't have to be any fluids.
Oil, gasoline corollas just go, and the fact that i have a corolla tells me that, like i, don't really need to do anything because it's just gon na work, the default setting of any corolla in this world is it's going to keep going going going um. I don't even know when people are like, oh, like what's the mileage on it, like that's a very valid question for other vehicles, but for a corolla. Why does it matter? Because you know it's going to go for a couple million more. It doesn't matter.
The number you're at um so for a corolla nah, it just works. That's how corollas do it, i'm fat, dumb and love it shout out gary i tried p90x yoga almost died. Uh i didn't even know that they put those together. Is that legal? I lift weights.
Five days a week and do yoga on my two rest days, it's not only a change for your body, but also drastically reduce your stress and anxiety. That course is a totally real. 10K run. Uh sounds like something i need gme on the move up to 158 amc bending back around it's above 33..
We want it to hold above 33.50 on considerable volume and we would love to break it above 30 to 6.. Those are the levels i'm paying attention to. Uh, if you don't ask for anything financial who did i just loan all of my tulips to help finger cross for a great week shout out ted, hey matt, getting into shape is cool and all, but you know, what's cooler checking your oil if it comes to.
Congrats Matt! You played yourself. Lmao GME HAS BEEN THE MOASS PLAY THE WHOLE TIME… look at the SEC's GME report that just came out, ive been trying to tell you this whole damn time that GME has short intrest of 100%+ and AMC only got like 17% which is still a high short interest don't get me wrong but not MOASS high lmaooo GME moon soon. Idk why everyone on youtube is all over amc and no body talks about gme… oh wait I DO!!! Because its the volcano getting ready to wipe out the humanity
What part of the video discusses SPRT? I would watch the whole video, but I work out of the country and I'm limited on my wifi usage at work.
stock investing is 99% temperament and 1% knowledge. That is, even after you have done full research and pinpointed on a name, you still get 1/100. focus on 99! That's where you differentiate between the best and the rest.
All in on $SPRT
@iLayerEcosystem
Come on guys be ready to become millianore in Q4 of the year ..this project is going to be huge come on once look into this project
Great day.
All in on SPRT
Matt, why did you remove the video with the interview with AMC earnings call CEO today Aug 9 21?
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing….BE WISE
So we are basically at the mercy of the SEC and the Lenders before anything will happen as far as share recall or HF covering. Seems they are just kicking the can down the road everyday.
151 hedgiesβ¦..
Today SENS has their earnings today plus huge short interest. What do you think?? Also thanks for all you do! Ur AWESOME!!
Matt is this really you
Could someone tell me what would the best plan be if you sell a covered call that expires in a few weeks and the price runs up to the money, what would you do? Whatβs the cheapest hedge of you didnβt want to risk giving away shares cheap if it squeezed? Would I buy a call at the same or maybe a little higher strike price? Or would it be more beneficial to buy another 100 shares? Or is there other ways?
A guy on Benzinga says short interest is drying up. True or no?
Citadel LLC (Hedge Fund)
Citadel Securities (Market Maker)
Citadel Connect (NON- REGISTERED Dark Pool)
All 3 are owned by Ken Griffin??
Let me get this straight, the company shorting the stock also directs the order and fills it
This is the definition of "conflict of interest
I AND MY ENTIRE FAMILY LIVING A PERFECT AND COMFORTABLE LIVRS EVER SINCE WE MET HACKERJORDANCRYPTO ON TELEGRAM MORE KUDOS TO YOU SIR YOUR SOFTWARE ARE SO LEGITIMATE KEPP THE GOOD W….Read more?
I AND MY ENTIRE FAMILY LIVING A PERFECT AND COMFORTABLE LIVRS EVER SINCE WE MET HACKERJORDANCRYPTO ON TELEGRAM MORE KUDOS TO YOU SIR YOUR SOFTWARE ARE SO LEGITIMATE KEPP THE GOOD W….Read more?
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Fanfuckintastic