Show us the fucking, give us and i eat crayons every day with my friends, i think about kenny in his ivory tower shaking in his lily bones, as the eggs of a power is, give us the fucking money like a quarterback. If you don't mean a thing: water up, a duck's black aids not leave or not until we get the money stacks, you see monkey two monkey holdings blue monkey magic coming through us monkeys on the moon, double digit, iq, loving, bamboo right here we got more smoothies Than a jumbo juice probably thought you could have made us sell all the gooder in hell, we maybe wouldn't, but we more standing on the board of the floor. Six figures: ain't selling for less. You took on the ape nation and you're fucking with the best.

We hope for each other, my sister's here my brothers, the fathers and the lovers. We don't need another fan, because we huddled through hard times give us the fucking money wow good morning good morning, good evening, good afternoon, good night, whatever it is for you, i hope, you're having an absolutely great friday. It is friday, october 22nd, and we are here to close out the week in a very, very strong fashion, uh. Quite a few things to talk about.

I want to talk about what's going on in the overall market, a little bit of crypto amc gme, but really before that bell goes ding, ding ding. I want to give everyone a rundown on dwac as it relates to what in the hell is going on. I'm going to be explaining specifically dwac we're going to get into the world of spacks we're going to get into the world of warrants we're going to get into the world of units we're going to get into kind of some of the psychology of the play. I'm just getting so many questions related to this one and i'll reiterate this.

But to make this explicitly clear, i have no dwac position, but to all of you who do have it. I absolutely congratulate you. You took the risk you knocked it out of the park. You're making the attendees uh like, and i could already see it, anti-distraction anti-distraction, like all i did, i think, of like the spongebob thing, who cares who, if you're making money seriously i'm jealous, i don't have it, i'm probably not going to get into it because it Helps me in a certain way remain unbiased, so i can say like okay, is it looking good? Is it looking bad and i just missed the rocket i didn't have a ticket for that particular rocket ship.

Some of you got on late yesterday and it paid off, and i congratulate you. Uh people are going to get pissy about it because they're jealous they're not making money that you're making that that's what it is. But i want to give you the rundown on specifically dwac dwacu dwacw, what it means, how it's tied to space and really what's going on with it, because i there's it, it was like it's already up another 92 in pre-market. It was up 350 yesterday.

Obviously it's turning heads and we're going to talk about it because uh you might as well learn something all right so to get us set for the day. What you need to know: stock futures mixed after s, p, 500 record close. So you heard that right, the s p 500, the barometer for the overall market, 500 of the biggest stocks within the entire u.s 500 of the biggest companies. I should say we had the highest close.

Now we didn't hit the highest level, but we had the highest close and actually it looks like we might have a new all-time. Okay. It was up a little bit more in pre-market uh, but coming down. We are within striking distance of a new all-time high, but in the overnight session, as i just said, a little bit iffy and that's because of them of the earnings came in were a little bit iffy.

One of those was intel. Uh intel it's in the semiconductor industry, that's a weird name but think of the processing chips. The chipmaker also blamed industry-wide component shortage for its pc chip business shrinking two percent. Now i want to kind of highlight how it seems like every day when we're getting a report from different companies in different sectors, we're always hearing about shortages and supply, chain issues and inflation, and this isn't me just saying it for one company of.

Oh, that's weird. Clearly, inflation: it seems like we're hearing this type of rhetoric from every company over and over and over again, and when i do the breakdown of crypto i'll tie it better to that. But what you need to know it was like yeah, clearly we're in an inflationary environment which is just strengthening bitcoin and on top of it it has other various wins at its back, such as the bitcoin futures, etf and just more regulation, easier accessibility, more money flowing Into it, snap shares plunge after slowdown in online ads. Now i think this one is particularly interesting because it's coming on the back of truth, social, which is former president trump's spac, play with dwac of he's, saying: hey, i'm, making a social media platform, that's going to fight big tech and the same day this happened.

Snap came out with their earnings and it was not looking good and in fact the earnings were so bad uh because of online sales. As you can see, the online ads, like those sales of them selling the ads, went low. So all other social media took a hit, facebook is down, twitter is down, and i just think it's interesting. Think of the timing of that.

It happened right when this back of dwac announces the definitive merger agreement with true social, a battle against big tech. Pretty pretty interesting social media stock sank in pre-market led lower by snap's 20 percent pledge on a quarterly revenue miss after its advertising. Business was disrupted by privacy changes apple introduced earlier this year, global supply chain interruptions and labor shortages once again completely different sector. We saw that with intel, we're seeing it in all these major reports.

Over the past two weeks, shares of facebook and twitter dropped three and four percent respectively, as investors worried about the online ad business. So it does seem to be more tied to not as much revenue coming from online ads, but just uh that timing. That timing, with, like the new competitor on the block, true social, pretty crazy, pfizer issues, data on kids trials, cdc approves more boosters pfizer said friday morning. That's this morning, the kid-sized doses of cova vaccine are safe and nearly 91 effective at preventing infections in elementary school children.

The shots for kids, 5 to 11 begin earlier next month and the fda were expected to get a review from them later on today and more on the political front biden says: corporate tax hikes unlikely in spending bill biden also said: corporate tax rates are unlikely to Be hiked in a spending bill and said he said a separate minimum corporate tax proposal could fund the social programs. Just so you know uh. I do have some numbers written down on this one. It looks like the spending bill recently dropped from 3.5 trillion down to 2 trillion, and i think that's that's just so interesting like we're talking about like 1.5 trillion dollars, they're like okay, fine.

I guess we don't have like to negotiate for that anymore. Like talk about that size of money, they're, just like okay in this one spending bill, we're just gon na lop off 1.5 trillion dollars. I don't know, i just think they're, like oh yeah, we'll just drop it by 1.5. It blows my not mine, because i don't know as a human.

I just don't even think that, like we can really like conceptualize these types of numbers and numbers at play and like to them, it's just like a basic conversation over coffee of like oh, are we upping it or dropping it by a million uh before i get On to more of the bitcoin and the overall market, like still related to the government, so yesterday, when i had the privilege of being on making money with charles payne, we talked about that new fed policy, where basically, all the uppers in the federal reserve, they're not Able to own individual stocks or bonds, this will be impacting 12 different reserve bank presidents and seven governors of central banking board, like i said, no individual stock, no individual bonds, and it makes sense because uh one of them just had to step down for, like an Ethics issue because he was actively trading right before they were dropping interest rates and hitting us with unlimited quantitative easing. I don't think it should stop here, and this is exactly what i said with mr payne yesterday was why stop at the federal reserve? Let's move it on to congress next, because it's absurd, they are abusing their power. In my personal opinion, it's a horrendous abuse of power, they're front-running, global pandemics. We had federal judges trading on cases that they were actively presiding over as it relates to those companies.

We had federal reserve members like trading right before announcements came out. That stuff is insane and it needs to be stopped all right. Little breakdown of the overall market, then we'll do amc, gme bitcoin and then let's talk about dwac and what's going on there overall market spy, like i said, looking very, very strong at the overnight session. At one point, we were over 454 uh, but right now we're at 453.

So i'm just kind of watching that to see if we're going to push to a new all-time high in terms of the qs, i am watching 374 378 pretty easy. This is the tranche that i'm currently playing. I am naturally bullish on it just because the spy is looking so strong, iwm right here uh. I i think the spending bill there's a decent argument to be made that the spending bill will have the greatest impact, particularly on the small cap sector.

And i think that's why you're seeing uh the biggest drop from close relative to the spy and the queues. But once again, i still like whether you want to call it a w a cup and handle a wedge whatever. It is. The macd, like i'm, just seeing a lot of bullish technical structures in the russell 2000, which makes me happy to go along on it, and it's also makes me specifically interested in what's going down with amc, because amc is the biggest stock within the russell 2000..

Before we get into amc and jimi, i do want to talk about crypto. So solana is the one that's ripping right now. Last night it was at like 195, and i was like oh uh solana to 200 and by the time a couple people responded. It was already at 204, currently trading at 208 solana, it's another.

It is proof of stake. If you see it, it's going to say like proof of history, but really it's proof of stake, and they just have time stamps whenever they're validating and securing the blockchain uh. Just a little bit of the technology improvement but think of it similar to a theater. It has all these very, very sm fancy smart contracts, which allows for d5 daps nfts.

So i put ethereum solana and cartano all kind of in the same world, of like kind of a utility blockchain uh, i'm in it, i'm in ethereum i'm in cardano. I like all of them. This one is absolutely ripping right. Now.

The solana, like, i guess audience, fan, base very, very excited about it and its future uh kind of similar to algorand as well. I would throw that up in there. I also own that one very excited about this. I think this can keep going and we're ten dollars away from an all-time high uh two.

What is this 216? So eight bucks uh. So if you're in solana, congratulations you're, absolutely crushing it btc ripped to 67 000 per coin, taking a breather bouncing off of the support at 63. I think this is a nice risk to reward setup 62 versus 63.5. That's a nice risk! The reward is a run back up to 67 and potentially break out to the mid 80s, potentially 100 love the risk reward setup.

In fact, let me just draw this on the map, so we can come back next week and see if i'm right or wrong uh ethereum hanging out above four thousand the longer a theorem trades above four thousand, the bigger the smile on my face gets love. What's going on with crypto right now, hang on, let me go to vortex to talk about amc and gme all right very quickly: okay, amc already net return of 31 000 on a borrow of 89 estimated short interest coming in at 16.7 percent. Let me get this right over here: uh the utilization 87 shares on loan 107.4 million and then in terms of gme not much action. Early this morning, estimated short interest at 11.3 percent utilization 35 shares on loan eight mil uh.

Let's do a quick breakdown of those two just so we know what's going on today, so thus far amc gapping down. You know me. Whenever i see a gap down, i automatically think okay. What is the opportunity to play that gap fill, and this time it would be to the north side, because we're gapping down so to fill that gap we would trade back up.

The gap fill will come at the low of yesterday of 38.80 uh we're currently at 37.50. I would in no way be surprised whatsoever, especially if we go green in the spy, the queues and specifically iwm. If this gap is actually filled today, remember major support - and we called this out in power hour yesterday at 36 - it's this region, the bottom region of consolidation from the start of october, and we also have this trend line to keep us in this overall wedge. So i'll specifically be watching that if we get there not saying we will, but if that's just the level of support i'll personally be paying attention to in terms of gme, also a bit of a gap down and closed at 180 170 we're currently at 177.55.

I'm looking at the support of 175 and the additional support at 165, seeing if it could catch there on both amc and jamie. I want the macd to stay green. I want the momentum to stay bullish. I want the momentum to stay apish.

I want it to stay green. I want it to create a new higher low bounce off of that continue, that green momentum, that 10d momentum and in gme i want the breakout of 190 and in amc. I want that breakout of 41.85. So those are the two levels on our two favorite moon stocks.

Now, let's talk about what in the world is going on with dwac? Now i feel like a crazy person. The amount of i guess, like research, i've been doing on this. One lately has been insane and i think it's worth it, i mean we were at 10 when right before the merger was announced, it went from 10 currently trading at 90. That is an 800 gain in a pre-market, a normal session, a post market and another pre-market.

As i'm filming this live, that is absolutely ridiculous. So here is what you need to know about this overall scenario and let's see if i could fit this in within 15 minutes, because this this is crazy and there's a lot to learn right here and potentially a lot of money to be made before i get Into it, remember i'm not a financial advisor and for the point of transparency i have no dwac, no dw acu dwacw. I have nothing related to this. I am not long.

I am not short, i'm just here trying to entertain and educate, as it relates to this particular equity. So what you need to know about digital world acquisition corp, it's a spac play well matt! What's this backplate, that's a great question: spac is special purpose acquisition, corp and what it does or is maybe it's company, it's probably company at the end special purpose acquisition company. What this is is it's a blank check. It's a it's, a it's a shell company.

So what they do is it's it's an entity, that's just a bunch of money and it they price it at ten dollars and it sits and it sits and it sits it's not a business. It's a shell business and what they do is a find. A private company who wants to go public and they buy all or a portion of the equity of it, and they allow that private company to go public way faster than they normally could. So that's your very quick run over special purpose acquisition company.

That's a spec! So, instead of going an initial public offering in ipo or direct listing, this is just another way that got very popular in 2020 for a company to go from the private market to the public market and that's exactly what just happened with dwac. So right there. We know this is just a blank check company that absorbed all or a portion of another one. The question from there is well who did they absorb? What is the company that they're like pairing up with for them to run 820 in a couple sessions? Well, your answer is former president trump's, truth: social truth, social, it's, a social media consortium, that's looking to battle, big tech and, i believe from some of their filings.

Uh they're, trying to get content out there. That is anti-woke is the word that they say it. So, of course, anything tied with the former president is going to be divisive. Um.

That's fine. Have your own opinions, i'm here just to teach about. What's actually going on in this scenario, in no way should this be taken as a me sharing my own political views or not we're here to talk about money, we're here to learn we're here to see if we can learn about better ways to make money. So that's what you need to know thus far: dwac special purpose acquisition, company absorbed all or a portion of truth, social, which is technically under the name trump media and tech group tmtg when they absorb it.

This they have entered into a definitive merger agreement. Eventually, dwac will trade under tmtg just so. Everyone knows one of these days. If you own dwac you're, going to wake up, look in your portfolio and it's going to say, tmtg spak plays they're common.

Actually, literally yesterday, there was another big smack play: wework the adam knew some guy, like the rental leasing, blah blah blah that whole debacle they went, live through us back plate, they're trading under we before that lucid motors was another spack play there. This isn't that big of an abnormality, it's just a faster way to go public and it really picked up popularity in 2020. It's just a faster way for the public to be able to invest in and to actively trade some company if they so seem fit. So dwac right now does not actually have a product they're trying to make a social media application and the beta is going to launch in november of this year, so basically in a month and they're looking for nationwide rollout in q1 of 2022., if you go to Truth, social! You can like sign up to get on the waiting list from there um.

They are also want to do tmtg, plus, which will be like a subscription video on demand type of a service, but it like, i said, it's a media consortium right now. It seems to be have like enthusiasm, because people are mad at like big tech and the oversight that they have and don't forget trump himself before he was taken down on twitter. He had just under 90 million followers, so even if he converts one percent of those as being like loyal, loyal, loyal fans, we're talking about just under a million people. So if you're looking well hang on, where are the buyers on this stock? It's that million people uh right now, there's no built out option chain.

Um. Yesterday i myself misspoke and said you couldn't short it. Some people are already shorting it. It depends on the brokerage.

Remember not. Every brokerage is the same. There are some people shorting, but to the data that i can personally find. This is not a highly shorted stock, this type of movement that you're seeing this is unbridled enthusiasm.

People are just buying buying buying. Yes, some shorts are getting burned. Some shorts, there's no options. Market there's no leverage going on this is people it's kind of like an fu to big tech.

I guess in a certain way, to put it um, but this is not a short squeeze to every piece of data that i can find. This is just absurd. Fomo buying and people who were even top ticking it yesterday at 52, they're already up 80 percent from there, which this is just absolutely insane, so that is what's going on with dwac uh tmtg, it's a smack play and the follow up from that now is, if You look into it. This is their official sec filing anyone can check this out.

A lot of people are getting more excited about the units and the warnings because they're seeing a bigger percentage gain, so these are trading under dwac w w for the warrant. Dw acu. For the unit um and then we have dwac, which is this, the normal stock. So what you need to know units and warrants they're a little bit funky uh, but i think i can make this digestible for everyone listening right now units so a unit very generic term.

This particular unit is you get one share of dwac and one half of the redeemable warrant, which is dwacw. So if you own this d-w-a-c-u-d-w-a-c-w, they are not normal stock. It's another contract, it's kind of related in a certain way. I guess you could wrap your head around it.

With options is okay. I entered into a legal contract a lot of the times with options it's with another trader and or investor when you're talking about units and warrants you're, actually engaging in that contract with the company. The reason they do units and warnings is to raise capital so, for example, the highest level of a warrant. Let me give it to.

You is basically saying we'll sell you this contract. That says you can buy a stock all the way up into a certain date. Like on or before that date for a certain price and like you enter into that contract, so the the warrant might be trading at a dollar, and this particular one. Let's just might as well use this as an example.

Each whole warrant exercisable for one share of stock at an exercise price of 11.50. So before dwac was, it was just there at 10. You could buy the warrant and it was going to be cheap, like you're, not paying that full price because you're engaging in it. So you're giving money to the company and they're raising capital and then, if it goes above 1150, obviously it's financially beneficial for whoever has the warrant to then exercise it.

So it doesn't matter what dwacw is trading at if it's trading at right now, 90 you're in a contract, saying that the company has to give you shares at a value of 11.50 um, but the risk there is what if it never got above 1150. That's why you're paying that's the premium? That's the cost of the warrant. So that's why there's similarities to options right there, like okay you're talking about paying a premium you're talking about expiration, blah blah blah all that stuff? There are some similarities, but there's also some key differences warrants have a very long time. So when you're talking about options, you're talking about the the weeklies, the monthlies you once in a while people are talking about leaps a year out warrants the dw acw one from everything i could find about it.

We're talking about five years out, like that's how long this warrant has life, so you can exercise in the u.s you're able to exercise the warrant as in go from the warrant, and then you pay up and when you pay up you're, giving that company more money And you're just paying, for whatever the exercise price is so even if it's trading at 50, 75 100 doesn't matter you're paying 11.50. That money goes to the company. They give you new shares in a way this it not in a way. It is share.

Dilution because remember you're, not engaging with another investor you're engaging with the company, so they raise money when you buy the warrant and then, when you exercise the warrant, they raise more money and give you stock that previously did not exist in the world of options. You're not talking about new stock like there's, no dilution in the world of options and you're dealing with another trader or investor, not the company. If you want to get really technical about warrants, there is a particular type of warrant where, like a big bank or something will buy the warrants off the company and then that big bank sells it to you so like they're, acting as a middleman, that's called a Covered warrant but like let's not get into that whole world, so lots of similarities between warrants and options, but they are not the same thing um, it's just more of like who you're engaging with and the nature of it. The length of it warrants are way way.

Longer in time frame and warrants it, the pricing of it yeah volatility is going to come into a little bit of the play, but not so much. It's it's more important of. Are you above or below the exercise price, because, if you're below the exercise price, who would exercise it you're not going to pay more for it, i mean, i suppose you could and within the u.s, you can exercise all the way up until the expiration date and A lot of other countries, you can actually only exercise on the date of expiration. That's just like a small little technicality there, but anyway, dwacw warrants can be written in a myriad of different ways.

This particular one you per warrant which, to the best of my understanding, there's about 15 million of these from just some of it, but don't hold me to that. One per warrant you get class a stock as in a normal share of dwac, and the exercise price is at 11.50, so whatever that dwacw is currently trading at that's what you pay to have the right to be in this and then, if you actually want to Exercise well then, you have to give the company even more money per share that you want for every warrant that you have and you're going to be paying 11.50 per one um. So right now, if we take a look at dwacw, just keep in mind that right now we're trading at a hundred dollars. So the reason this isn't just the difference of 11.50 minus where we're at, because you could catch that almost as arbitrage.

Well, they have to build in the risk that okay, obviously it could come back down. So that's why it's not like that perfect math of like trading at 88 bucks right now, because you're like well hang on. If it's at 100 should we price it at 88 because after you pay that 11.50, like that's equal? Well, no, it's gon na trade a little bit less because of like the risk that the stock could still move at some point over the next five years. Obviously, but with it usually the units and warrants are commonly going to be cheaper than the stock, but percentage-wise you can see way way more gain in them just because of the nature of their leverage.

So anyway, that is specifically the one kind of related a lot of similar terminology to options, but there are some key differences and in this case the unit, which is a very generic term, you are getting one share at whatever it's currently trading at you. Don't get to exercise it at a certain price you get at whatever it's at and then you get half of one of these warrants. So really you need two of these, but that's for people who are going to ride this out and actually choose to exercise it for dwac. There are ways you can exercise it they've defined it the later of two different scenarios.

30 days after the combination of the companies as in dwac and tmtg or 12 months, after what do i have? Oh after the closing is official after the closing of the merger so whatever's later so to even start exercising. I honestly think you're looking at at least a year to start exercising, and then you can exercise up to like in total five years. So it's these warrants and units are a much longer play than options typically are, and i think a lot of you watching right now - you're not in this most likely to do the exercising you're, probably just in it, for the percentage change and just so you know, Warrants and units will have a more drastic percentage movement compared to the normal stock. So if the stock goes up, warrants and units go up by more if the stock goes down warrants and units go down by more, it's just going to be more leverage.

It's not necessarily more bullish or bearish. It's just it's magnified is the best way to think of it. So, overall, that is my breakdown for you of. What's going on in this scenario, dwac a spac play.

It's a blank check company that absorbed a portion of former president trump's new social media consortium. Truth social, it's just going absolutely haywire to me. It kind of makes sense and what's even more absurd about this, is it's not a leveraged bet. I see some shorts.

I don't think this is by any means a short squeeze play, but it when you really start running the numbers. I mean trump before he was taken off twitter, 90 million and if then, if you convert one percent of that of being hardcore loyal fans, you're talking about a million people, roughly oh shoot. I just broke my pen um. It makes sense to me that this is just this is fanatic buying.

This is just people in on the joke or like in on the fu and they're just buying it higher and higher and higher, but with that being said, i still don't think of it. As a diamond handed place, this doesn't have to keep going so if you're in it, why not use something like a trailing stop? Why not just ride it up and if it comes back a certain percentage, okay, lock in your gains and then, if you start to see it spin again, you could get into it again, like you, don't just have to diamond hand. This to kingdom come like you. Can be smart about it of like okay, what's my risk now, what's my risk now, maybe you don't have a particular reward target.

Maybe you just want to ride this fun train out, because it's friday and you're just looking to party that is completely acceptable, but if it starts to go, don't just like let it go and get like you got to keep the money like being up being green In your p, l is half the battle, the other half is actually locking it in. So if you want to ride it up, and then it looks a week, you lock it in and if it spins back around, you could try it again. That is completely completely fine. This is not something to me that i'm, like yeah just diamond hand, it has to go higher.

The market doesn't have to do anything, but right here you are seeing fomo and enthusiasm and just like a ravenous fan base play itself out, and that is now how it's up a thousand percent in two days of trading. Congratulations! If you're in it! You deserve every single penny you're making seriously. I have no position whatsoever. If that somehow changes i'll, let you know, i don't think i'm gon na get a position i like watching it, though it's entertaining to me and i from seriously i really really do mean.

Congratulations to anyone who's, making that money you deserve it and obviously be careful with chasing. Please please, please, please, please ding ding ding! The casino is open. All right we have dwac going. This is just nuts.

This is absolutely nuts 130. If, if, if there were an options chain on this, which i bet they're going to get rocking with it by like next week, um do you know how many multi-millionaires there would be right now? I mean there probably already are from this investment, but i'm talking about people who took like 10 grand and turned it into a couple million. If there were options like it would be absolutely bonkers. Oh already halted it already halted.

Oh man, man, oh man. Oh man, absolutely insane absolutely ridiculous. Already halted. You got ta love it.

You just got ta love it uh with ten dollars for phu and be unrealistic. Today i mean i don't think it may be improbable but i wouldn't say impossible. I could take a look at phu and let me write it down what else we have. Oh wow, that's really messed up, i'm having pen issues, team, good thing.

I always good thing. I have a backup pen like like a boy scout prepared like a boy scout per paired: p-h-u-n, hey, matt love. The show today is my b day. Can you try the kangaroo magnus on amc chart i'll, give it a whirl and happy birthday clam hammer? I thought i was chasing at 1750 dwac, but i bought anyway walking on cloud9 shout out the devil.

You knew congratulations seriously like nothing wrong with making money to me. That's the point of the market petition change.org uh ban payment for order flow. I saw that, but they also tied it with dark pool stuff, which i um, i think that's silly to do. I think it weakens the argument.

I think we need to do it uh separately, separately, separately separately p-h-u-n. What is this package software? Something going on? It's up 617. There had to be some sort of uh announcement related to it so lana at all-time highs. Is it solana 211 hit 216 so we're? I love solana, uh, p! H? U n train uh! I don't know the news on phun, but it's going.

It's also altered both the things on the bottom of the screen. Right here are halted, halted, halted, matt what the fudge is up with p-h-u-n all right. Let me figure out the p-h-u-n news, uh news: let's see what happened, it seems that it's a sympathy play associated to dwac uh, the goal of the trump all right, liberal, it's against uh many investors are assuming phun will be involved in the development of the technology Platform associated with tmtg, it is possible that uh phun could be tapped for assisting with the development of a platform. Tmtg, maybe has it been confirmed? No, so this is all pure speculation of what's going on.

They think that the social media platform will be created by this company, but that is not confirmed just to be explicitly clear um. I don't think this is a a sympathy. I would not classify it as a sympathy play. I would classify it as a big assumption play they're like well.

We think this might happen. That's not sympathy. Sympathy would just be something related, as in other i don't know, anti-big tech software taking off would be an example. This is a big assumption that they're going to be contracted out to do the development for tmtg uh, hey matt good morning.

Can you take a look at gnw in a good chance, gngw yeah i'll, look at that, while these are still halted, we have a couple more seconds: gngw, um, 440, 4.48 cents life. I mean it's not actively traded, it's super cheap. It doesn't gen worth financial, it doesn't seem like there's much interest in it and if it's not being actively traded, i mean it doesn't even trade, three million and it's a five. It's a sub five dollar stock um.

So i find that to be a bit weird. I probably wouldn't mess with it. Isn't the only, but you have to realize these other random styles that look shiny are set up to attract and trap retail. No, no one is setting up.

Dwac like this is. What drives me insane is people in a certain way. It's like absurdly self-centered to think that, like they're setting up other equities to distract you from amc and jimmy no dwac, it's an anti-big tech social media play. It wasn't put out there to distract the apes from amc and gme it's.

I would never ever campaign for anything to take money from one play that you like to put it in another. I don't know how to. I guess be more clear that, like i do not think it's a smart idea to take money from amc or jimmy to put it into another play to try to leverage it up and put it back in. But if you have free capital - and you see other good plays every single day, the market has a good play um and you can use your capital wisely on those good plays to get more capital.

That's the name of the game is to grow your account and really, if, if you're, particularly an ape who's, already used all your money in amc and or gme from a stock market perspective, you are no longer helping the stock because you already did your purchasing. But this the apes out there who are making additional money and putting it back into amc and gme or whatever other stock they like that's who's, helping it because it's the current buying and the current selling that decides the current price, not the previous buying or the Previous selling, so this dwac thing this is it's a distraction. I mean. Isn't everyone tired of this distraction thing? It's such a intellectually lazy argument and it's so easily disproven like i said i cannot be more clear about this.

I do not think it's a good idea to take money from any other play that you like to put it in another play on the hopes that that other play does better. And then you funnel it back in. But if you're talking about free capital and just a good trade, hey, do you know how much money people made on dwac? I would be willing to bet that, because of dwac extra millions of dollars in totality will flow into amc and jimmy, i would be willing to make that bet with absolutely anyone out there. If you like those stocks as an ape, you should be like applauding the people who made money on dwac.

I myself, i probably could have made some like six figures on it and i just missed the play. But if i had, i now have an extra six figures that can go back into the original play. This distraction thing. Whenever i see someone calling something a distraction, it tells me that they're jealous and they just miss out on a play.

Uh, get a mat, make money to put more money into amc and jimmy amc, jimmy literally wherever you want like who? Why do apes think that they can tell other people what to do with their money? Isn't that part of this like movement? It's like we're sick and tired of people who think that they know better and now, all of a sudden, there's certain apes who think that they know better telling people where to put their money like what that makes no sense, um duck ish on dwac cam. I hope you crush it all right and if you're i would, i have no phun or dwac position, but i would feel more confident in dwac over phu and just because this is a big assumption. Nothing is uh verified there. I learned a lot from you.

I need a break from looking at amc today. Trading is mostly mental game. It definitely is, and if you're in amc and gme for the overall cultural movement, you don't need to watch the stock like everyone will be blowing up your phone when the like squeeze and the shorting the shorts covering starts to happen. You don't need to spend your time watching every single candle like that is mentally unhealthy if you're actively trading amc, that's a completely different story, but if you're in this for the long haul for the cultural fight against wall street, is there a point in watching every Single minute tick at all, like at that point, you might as well learn about other aspects of the market and learn about warrants and specs and options and futures and crypto and options like use your time throughout the day to learn more things instead of just watching.

Like you're, not improving your own knowledge base by watching every single candle of a stock that you know, you're not going to trade anyway, a good perspective. The world does not resolve around amc uh. I do love the socks still got into dwac wish i purchased more, but i didn't re buying amc still yeah see right there um we're i'm seeing a deviation in the group of apes who are trying to learn about the market, make money, fight for market transparency And fairness, and then i see a bunch of other people who call themselves amc and gme apes, but all they do is try to bully other people into doing nothing else, besides being in amc and jimmy, and like literally like you cannot do anything, you cannot go Out to a restaurant, you can't pay your rent. You can't pay your phone bill.

All your extra money has to be amc and gme and in their own warp definition, that's what makes them an ape um. That's not my definition of an ape and i think it's silly. I think it's childish and i think it's just a low level of like almost like what ape virtue, signaling it it's stupid, they're, they're, childish people and i don't know i just end up banning all of those because, like they don't see the big picture, they don't See what's going on they're, just some like, like bitchy keyboard, warrior, i'm an ape. If you went trey dork intima, i would uh if you, if it went for you if it weren't for you trey, dork and tmi, i wouldn't know what i'm doing.

I have 1942 amc, eleven thousand fun and a thou, a hundred dwac. Let the games begin bang, let the gains be vain, shout out jd! That's that's impressive! That is absolutely impressive. I'm so happy for all of you dwac! This is an abnormally long. Wait.

Did it just start training again? No, it didn't how long of a halt is. This dwac hang on filters. Dwac halt halt dwac 9 30.. It took 41 seconds for that to get halted today.

It should be trading very, very shortly like within whoa. I think it should have already been trading by now. This should have been a 10 minute halt. Uh.

I find that to be very, very interesting that it's the hall, i guess, is a 15 minute halt. That's that's kind of funky, that's kind of funky phun already halted again um. You see, you are in real time seeing the power and influence of community uh p-h-u-n dwac ravenous buying. This is what happens.

This is exactly what happens and for me it is so fun to watch it play out in real time uh. So so fun amc coming back bouncing off of 36.50. Remember the major support was at 36, so it bounced it seemingly 50 cents early and now we're pushing 37.40. So almost a nice dollar bounce right there and 90 cent bounce jimmy um, thus far in the first.

What are we 12 minutes into the day? So not much, but also looking a bit weak right now, gme uh super light volume. It's traded, a quarter million shares amc, pretty light volume as well 7.5 million shares. I would uh very much prefer to see both of those like increase. Very, very much prefer to see that hey matt your thoughts on pbts.

What is the support low? On amc? The the closest support is 36 uh pbts, pbts, um, it's a penny stock, a low interest, penny stock. I i'm not a fan of this like it seems like it just out of nowhere started going, but look at how sparse the training was it probably some sort of announcement, but if you're not in it before that means you're late to the party, i find it Very very interesting that dwac has not started trading again, very, very interesting huh. I guess it's usually it's a 10 minute halt um this. This is definitely abnormal and we have the halt right here on binzinga.

Oh, i think the code right now is like spooky 35 or spooky 10. If you want a benzynga yeah 9 30.. This should have been a 10 minute haul. So i mean, i guess, we're looking at 9 45 and 41 seconds.

So basically, 9 46 is the next time that they might start trading dwac again interesting, interesting dat halted uh. I think that's d-d-a-t or d-a-t-s uh - that one is more of a sympathy play related to dwac uh. That is like a good example of a sympathy play. Okay, like another up-and-coming social media platform um, but i don't know if it tense, like really has that the anti-big tech flavor to it, but i would consider that to be a a legitimate sympathy play to dwac.

It's all halted on all platforms. Of course, it is uh when a stock gets halted. It's halted on all platforms, that's what a volatility hall is. It means no one is trading it whatsoever and that's how it should all be done.

We shouldn't be seeing this bullshit of like just the buy button. Gone on some brokerages: it's either everyone can buy it and sell it or no one should be able to buy it or sell it, and that's what right now, dwac and phun are under a volatility. Halt brokerages do not decide that robinhood didn't decide, it weeble didn't decide it e trade didn't decide. Td didn't try it uh fidelity.

No none of them decided it. This was a volatility halt that was pushed onto all of them. This is not a broker decision. It was a broker decision to pco uh gme back in late january, and all the other stocks related to it uh, but volatility halts are not up to brokerages.

It's like a generic market rule if it moves a certain percentage in too quick of a time frame. You get hit with the volatility um. The fact that dwac is no longer trading is not good that no that's like this is very, very serious um. It's past 15 minutes.

This is hyper hyper abnormal. I cannot articulate that enough because even look at yesterday, here's a five minute haul. Here's a five minute, haul, here's a five minute haul. Sometimes you see a 10 minute.

We are now over 15.. That is crazy. That is absolutely crazy. A circuit, an extra circuit, breaker whoa, i think i think, they're fucking with people again.

This is no. No. I think we are witnessing some shenanigans that should not be happening. Uh.

Let me hang on, i need i need i'm gon na reach out to some people. Super, let me reach out this is this. Is this something funky is going on like you're witnessing something weird you just whenever something like this happens? Maybe it's true. Maybe it's not wow wow wow wow, that is nuts.

This is this is crazy, absolutely crazy, um uh! I fired off some to someone who's gon na know how they could possibly extend it past the five ten minutes, um uh. I asked some questions i'll get you guys the answer in a little bit. This is weird you're, seeing like literally right now, uh, maybe to some of you you're, like hang on a halt, a halt. No, when you see volatility, halts, don't normally um, damn i'm gon na get you answers.

I will get you answers uh. This is so weird, you know all right, uh volatility halts are single stock circuit, breaker, halts that trigger five minute, halts on faster price breaks or drops that exceed an acceptable trading price range in for 15 seconds and blah blah blah blah all right. We have that. Okay, so you have three market wide circuit, breaker halts three different levels: a level one circuit breaker halt freezes on all u.s exchanges for 15 minutes.

All right, oh wait. Wait! That's for the s p! 500. Another 15 minute, a level three circuit, breaker hall, shuts down for all trading for the remainder of the day until 4 pm eastern. If the s p 5, that's once again the s p, 500 um, but in terms of a news halt.

I don't think this is a news hall, because this, like we know it's a volatility hall right here - uh trading halted volatility trading, pause, whoa, whoa, whoa, uh, five minute. I see five minute. Uh different stocks have different atpr ranges. Volatility halts trigger when shares exceed five percent of atpr for tier one listed and price moved around three dollars per share 10 of the first 15 minutes, the last 25 minutes of market hours.

This is weird that you're you're seeing something real weird right now. It should be trading five minute 15 minute, so i'm either seeing a five minute or a 15 minute um as like the 2 5 10 15. I'm not seeing anything more than that. We're already past 15 minutes, which is exactly why i'm saying something weird is going on: huh uh, look at the weeble level, twos yeah! So well, it's not weebles, it's the new york stock exchange and when that happens, uh the new york stock exchange that, like the the bids and the ass, gets pulled.

So like the level two isn't valid right now, uh, maybe they're flexing their new lego. Legal capabilities. Could be um, this is wow uh. When, when i get oh, oh, i just got a text back all alright.

What is this hang on um? So i am re. I'm in conversation right now with someone who works at an exchange. A lit exchange he's diving into it, for us he's going to get us these answers. Um.

Something is obviously more complicated about dwac phun unhalted ripped to 19 halted again. This is crazy. Uh. You may be a better trader at dwac bar order, but didn't pull the trigger because of your research comment yesterday today, i'm not bitter, because i know long term, it's the smart play yeah i mean with it uh because of your research comment.

I don't know what my research comment was. It was just more of like i mean i want to research before i throw my money into something, and i guess by the time you even did 15 minutes of research. This thing was already ripping uh. They are ducking with the wrong people, can't wait to see the fallout from this one uh robin says it's still available to trade dwac.

No, you can't trade it on rotten. You can't trade dwac anywhere. This is a volatility hall like you are there's no brokerage in the entire planet at this exact moment in time that will allow you to buy or sell dwac. It's not like some brokerages can some brokerages can't some people can buy.

Some people can can't. No one can do anything, no buying no selling all brokerages, it's equal across the board, so i think that's more reasonable than what we saw back in january like this is frustrating because, like we don't have information on how long the hall is going to last, but Um, it's at least fair, like and that's a big thing. It's like. Okay, no one can trade it which, like it's frustrating, but this one's at least fair.

This is absolutely insane. Phun started again, probably gon na get hit with another volatility halt. It has to watch this we're gon na haul. Just watch this.

Let it push, let it push 24. Is it gon na just quickly jump to 25 and halt halted? Yes, no, maybe so nope not halted yet watch this push at 24. come on halt baby friday friday, the day of halts, no uh. Oh it's gon na be hot.

The other way we're gon na halt down. Watch here comes another hall of phun halted. That's a halt. 1835 boom.

Another halt - oh man, remember it to me to my understanding of what's going on in both of these plays dwac seems a bit more um, founded of like the reason why it's exploding phun is a big assumption that they're going to be doing the social media for Tmtg, the the trump media technology group, so a big big assumption would this halt uh allow the benefit allow the shorts to cover? No, because no one can trade. No one. Can trade longs? Can't trade shorts can't trade? No one can trade, it impacts everyone. Equally, retail institutions long shorts, everyone dwacw, oh the warrant - is still moving whoa whoa whoa whoa the warrant is still okay, so you can get a good assumption of where the stock's going to open back up the fact that the warrant is still going.

It tells you that dwac, wouldn't unhaul is gon na gap up. This is so so funny. I love this. This is um.

If you miss my warrant. Explanation of what a warrant is what it isn't go to right before the bell opened. I explained dwac spax warrants all of it, i'll clip that i'll get that on coors light for all of you man. This is a blast um, so we know that these are going to be highly correlated.

Dwacw is always going to trade cheaper than dwac uh. W ac man - i just i'm just going to call it trump stock, like i can't keep saying all these like or d d d, walk d, walker, whatever it is um. It's very, very rare that you see a warrant trading higher higher than the actual stock that it's representing um. It's driest type of a haul probably hold until nasdaq receives more info on the company.

So you there is info request, halts. That is one but right here. We know it's a volatility hall um that, like there's certain triggers like this is a a volatility one. They all have their little like, i guess, codes of the type of halt.

There is an info one that is like completely completely fair, but this one we got this signal that it's a volatility, one, a circuit, breaker, uh sock, likely being traded as sympathy all right. We see all these sympathy ones, man circuit breaker, something sounds funky to me and maybe maybe i'm just being a little. I don't know anti-market because i see them pull this type of crap all the time, and maybe this is completely above board. But if you're in dwac as of now watch the warrant, if the warrant keeps going up, you should be very happy because when the dwac itself, unhauls it'll be higher at a proportionate level, uh the level two yeah, i see look at the level two on dwac.

The level two is of zero utility right now. They they just there's. No, that's not real liquidity; they just do random things. That's not a real level.

Two, as in all the bids and ask like most of them, are just gon na be pulled, there's nothing going on with it. So there's no reason to provide liquidity right. There uh will my buy order for dwac be filled as soon as the hall stops, or how should i trade it uh? If you have a market buy, which i never recommend doing in market buy, it would get filled. If you have the market buy out there.

Um, if you have a limit buy, it depends if it can fill you at that price. I mean if we were to do a proportionate thing ever since opening like, and this is really really crude math, we are up an additional 57. I would in no way be surprised if dwac, if it is proportionate, like that, that's another that we're talking about dwac at 200 uh if it were to unhaul right now, but it looks like there's no sign of it. Unhalting uh phun has its own news.

It has announced the acquisition of a privately held light technology, a fast growing manufacturer of high-performance computer systems. Aside from the dwac news shout out james, i appreciate you sharing that i've been seeing something similar before stock out volatility. Halted. Didn't unhaul came out 30 minutes later as news haul and halted until end of day so yeah, that is the news hall.

So maybe that's what we're waiting on dwac, for, i guess we're just waiting, there's nothing we can do, but it should make you feel better. That no one's trading it no one's buying, no one's selling, no one's doing squat with dwac right now. I need to make that explicitly clear. Brokerages do not decide, halt the market, the powers to be regulators, the new york stock exchange, nasdaq they're, the ones watching for halt and then that's enforced on all brokers, um, the the thing we saw previously with the position close only that was broker decided, and that.