Massive Stock Swings & Crypto Pushes Higher
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Dumb Money w/ Matt Ep. 128
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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.
DISCLOSURE:
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Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
(SHIB, BTC, ETH, TSLA, LCID, AMC, GME)
Dumb Money w/ Matt Ep. 128
Want better Stock trading?
πππ No PFOF, NO Market Makers: https://public.com/MattKohrs
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Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#DumbMoney #ApeNation #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.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
Give us and i eat crayons every day, but my friends, i think about kenny in his ivory tower shaking in his lilly bones, as the eggs of a power must suck to lose to is us the fucking money than a jumbo juice? Probably thought you could have made us all the gooder in hell we maybe wouldn't, but we must handle the food 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 it's time, wow moon, gang, hello, hello, hello, i hope you're having an absolutely fantastic morning afternoon evening night.
I don't know what time it is for you, but i hope you're having a great one. It is tuesday november 2nd we're two days into the month and lots of fun in the month already. I know we we kicked the day off the month off the week off yesterday, and that was a blast and it seems like we might be getting a nice continuation today in just the relative insanity, money-making opportunities uh. So thus far, i'm really really liking what the markets are giving us for this month.
It's an exciting time - and we do have quite a few things to talk about, of course, we'll be talking about amc, gm and we'll be going over the technicals. I do have a kind of um, i guess a statistics update for you on both of those uh. We have some facts and figures to go over with the russell 2000 doing very, very well. The market doing very, very well.
Remember tomorrow, we're going to have that fed meeting and we're all expecting tapering. There's some interesting moves in crypto some lawsuits. I want to talk to you about um ethereum hit a new all-time high, uh tesla here in the bottom right. We got ta talk about that.
One because folks, i cannot afford these moving bills for me to retain the title of the best tesla trader on this side of the mississippi. I don't know if a lot of you understand this, but the way i pull that off is by continually moving to the side of the mississippi, that's most appropriate and our boy elon he's just sending us all over the place with some of his recent statements. So we got ta hop into that as well uh, but before we get into all those like very specific things, let me give you a quick rundown about, what's going on really in the overall stock market and also really general world wall street looks steady after records To start november, and that it definitely does so right here, let me bring this up for you. Yesterday, the s p 500 500 of the biggest companies in the entire us hit a new all-time high right now.
I think it keeps going up. I think a lot of people are already preparing for what's going to be said tomorrow at the fed meeting, so i don't think that's going to come in that big of a surprise. We do have some political developments that i'm about to get into in a second relating to the infrastructure bill, the spending bill so we'll talk about that, but right now this is this is a runaway rocket folks, it really is now. Do i personally think that this is an appropriate level? No, no, no! No, but that doesn't matter um. It's kind of funny and - and i've discussed this before, but i think it's important to know is uh mainstream media a lot of people out there they're like how could you be an amc? How could you be in gme? How could you be in equity, whatever xyz? It's fundamentally overvalued and i just find it to be they're. Picking out specific things to i don't know, i guess strengthen their argument argument make it seem like they're right when in reality here i'm sure a lot of those people. Let's take channels gasparino greenfield. I would bet anything that they have some exposure to the general market and it's funny because no one out there saying oh, this is like a good fundamental value for the market.
A new all-time high. Ask yourselves: do you think that the economy is like at the best it's ever been ever? Obviously, the answer is no and we're facing some very serious. Inflation concerns uh oil. Still around 83 a barrel.
Coal is sky, high energy sky high there's some labor issues. A lot of people quitting people are finding hard to get like to hire enough people for seasonal work. So i just it's kind of funny. I just want to bring this up because in general, they're going to use it to attack our community or whatever you're, particularly and let's say, you're, not in amc and gme, but let's say you're in tesla or sheep and you're hearing fundamentally overvalued fundamentally overvalued.
Please understand they only do that when they're trying to make a point against you and they're not really going around the entire world, be like i'm only getting things that are fundamentally overvalued, because i bet they have exposure to the overall market. The qs hit a new all-time high as well right here. Let me just mark out this level for you. Yesterday i mean it was a good day.
Yesterday, 3d 756 um tech, crushing it iwm, didn't hit a new all-time high. It was off by a couple cents, but it looks like we're about to gap up to a new all-time high. Yesterday was the best day since late august in the russell 2000, so three of the major indices that we tracked are they're doing phenomenal. They really really are, and the reason i specifically bring up the russell 2000 is because of how much amc means to it out of the 2000 stocks in this particular basket.
This etf uh amc has 0.5 exposure which, when you're counting 2 000 different things. That's quite a bit of exposure and that's kind of a lot of the time why we see quite a a relation, not not a lockstep, but there is clearly a correlation between the russell and amc specifically pfizer jumps after strong results ahead of cdc panel meeting pfizer Rose nearly three percent in tuesday's pre-market after better than expected quarterly earnings in revenue, the american drug maker raised its full-year sales outlook for its coveted vaccine by 7.5 to 36 billion. Now i understand how this can become political, i'm here just to talk about the stock market aspects of it. That's a lot of money. That's a lot of vote next year, we're not talking about in totality we're talking about 2022 pfizer alone. Remember, there's johnson johnson, there's moderner one of the main players in this game for just next year, 12 months, they're, looking at 36 billion folks, this is a business. This is a big business. It's a multi-billion dollar business, a lot of money there.
I don't think anyone's surprised at all that pfizer beat given everything that's going on in the current. I guess like rona world um speaking of other ones, so moderna thursday. So today's tuesday pfizer already reported uh crsr, that's another one. I've been watching under armor, they beat they're doing well.
Zillow people are paying attention to that after close today to learn more about. What's going on like with housing in that world activision, if you're in the esports tomorrow, cvs is kind of important roku's kind of important uh people do pay attention to etsy. Modern is probably the other big one, i'm interested in. Obviously, it's going to have a strong relation to pfizer after the market closes square, a big tech, one big tech one.
I want to see um there's a lot of assumptions that they'll be discussing more about crypto and then friday, before the market open, we have draftkings coinbase. Those are definitely two ones that i'll be particularly interested in just so. You know about some of the the movers potentially for this week, all right now, let's talk about why my moving bill is way too high for me to retain this title of best tesla trader on this side of the mississippi. For that to remain true, i am commonly moving from both sides of the mississippi like just day in and day out.
I feel like lewis and clark going back and forth and it's happening again. Elon musk says: tesla has not signed contract with hertz, yet tesla ceo elon musk, said monday night last night that his electric vehicle company has yet to sign a contract with rental car company hertz. This is just wild folks and, as you can see why this is big, why i'm even talking about it? Look at this look at this look at this gap down. We went from 1220 to at 1.1, 1130 um almost dropped 100.
It is recovering right now and in more of a general sense, i do believe dips are to be bought uh. I think this is just more funny because, like it's always just my luck with tesla tesla falls as much as five percent after elon musk warns. It has yet to sign the hertz contract for a record-breaking hundred thousand orders and remember on top of that, there was more of an assumption that hertz was like we might do another hundred thousand. So it's getting a bit interesting.
Tesla shares fall as much as five percent tuesday pre-market after elon said that the hertz contract has yet to be signed. News of the order for a hundred thousand vehicles sent tesla stock soaring last week, lifting it to a 1 trillion evaluation. So remember like this is a big deal, because that rep they didn't get a discount. It was for 4.2 billion dollars in revenue from them to buy these 100 000 vehicles for the fleet. If any of this is based on hurts i'd like to emphasize that no contract has been signed, so what this is referencing is basically yesterday, this twitter account tesla. Silicon valley club basically said hey thanks elon like we're, we're stupid rich now and he came in, and this was late last night about almost 12 hours ago. You're welcome. If any of this is based on, hurts i'd like to emphasize that no contract has been signed.
Yet has there ever been another celebrity ceo like this? That's like he knows, this is gon na hurt the stock and like okay. I do applaud him. It's honest, like he's getting information out there, that the world should know um, but i do find it interesting. He elon himself has prompted many multi-billion dollar swings between tesla between bitcoin, between dogecoin between sheep.
This man's individual comments many times have caused. Multi-Billion dollar swings think about that power. That is absolutely incredible. Tesla has far more demand than production.
Therefore, we will only sell cars to hertz for the same margin as to consumers. That's what we were talking about before they are not getting a discount hurt. Steel has zero effect on our economics. So what i found a little bit interesting about this one - and it happened right when i was listening to that song.
This was reported by zerohedge hertz says. Deliveries of tesla's have already started so no contract, but deliveries have started. Who is lying here? The the story's getting weird folks so he's saying elon is saying: tesla has not signed the contract but they're already giving the cost two hertz and that's what hurts just confirmed so, like i said at the start of this, i do think that the dips are to Be bought maybe he's like we didn't sign the contract for a hundred thousand, but gotcha we signed a contract for two hundred thousand. I don't know this, it's getting a bit weird.
I guess it's strange and uh. If you bought some of those lotto calls yesterday, like you're, probably feeling the pain right now, but i think there could be a bounce back. It might take a little bit of time, but it is. It is kind of interesting, and just because i was on the website, and i thought that this story was interesting.
Kobe bryant's estate is set to collect 400 million from coca-cola's purchase of body armor, so basically body armor. It's viewed to be competitive to pepsi's gatorade like brand and uh to my understanding. Kobe bryant got into this in 2014 for like an investment of six million, and now it's worth a shitload of money, kobe bryant's, the state could receive 400 million from coca-cola's purchase of body armor. This is coca-cola buying body armor is actually their biggest acquisition. Ever the late basketball star invested 6 million in the maker of the sports drink back in 2014.. Brian earned a total of 328 million during his 20-year career with the los angeles lakers. So literally, this one investment, seven years later, eight years later, six million into 400 million talk about a solid investment. Um doesn't obviously relate to tesla or elon.
I just thought it was an interesting story that i wanted to share with all of you biden to announce tougher regulations on methane emissions. The epa today will propose rules to plug methane gas leaks at hundreds of thousands of oil and gas wells in the us, marking its most aggressive action, yet to curb climate warning greenhouse gas emissions. So i want to bring this up, because whenever you see it, i think everyone's um. I think everyone's initial reaction is just like thinking of it politically of like okay, you want to talk about that or not, but if you're here, i implore you to think about it in terms of okay.
How can you use that as an opportunity think about what companies would be doing the work think about the impact, maybe on whatever any there's going to be a related market to it? I'm not bringing this up as any political announcement whatsoever, but when you see this, this is all representative of dollar signs. Someone is spending money to do something think about a way that you can capitalize on that effort. Whenever there's big news like this, i get it you're going to interpret the news for what it is, but, as you really grow in your own trading and investing career, i implore you to really think about the network effect and why you're your brain to be like? Okay, i see this going on. That's going to represent dollar signs who's, going to get the contracts who's most likely to get the contracts.
Is there serious money to be made here, and this is just another one of the ones that i think like okay, think about it think about what it means for really a money making opportunity. Anyway, continuing centrist democrat senator joe manchin on monday demanded more time to evaluate the 1.75 trillion package, so that can is getting kicked down. The road and uh another thing on the political front: virginia's close gubernatorial race could swing the state red. So today is a voting day depending on where you are um.
It looks like the governor race in virginia's up um, we're going for the governor race in new jersey, and i also think they're voting on the supreme court in pennsylvania, among other things, but those seem to be the ones that are being discussed. Um, if you are in pa virginia new jersey, i i think you should vote uh if you, if you can, if you have the ability to today uh if you're listening right now, i mean the more votes, the better i'm, a full full-on fan of as maximal Amount of participants in any election is always the best, so if you're in any of the the key ones, especially uh, maybe you could take that quick half hour of your day to get a vote out there. Let's talk a little bit about crypto. I have another interesting story for you, but just so you can see it right here: uh bitcoin, looking nice bitcoins, looking nice, i mean previously. We had some in this action, but this breakout. We have this breakout. It's a push, i'm looking for this to get above 64 above 64.. I strongly believe i strongly believe we have a high opportunity of seeing a new all-time high.
Once again, i want the break uh, ideally on volume, but this conviction of a follow-through previously on the 25th. I marked that as an interesting opportunity, uh very quickly. I was wrong, but even for the people who bought that um, it looks like you're about to be break even - and i think you're about to be in some nice profit. I'm reading many things of before the end of the year.
Many respected bitcoin specific, but more generally crypto accounts are calling for btc to be in the realm of 90 to 100 000 by the end of this calendar year. Now, obviously, there's risk to that. No one can tell the future no one's clairvoyant. No one knows what will happen because, obviously there's other implications of what's going on with the federal reserve, inflation regulations, blah blah blah even right now they're discussing, i think the government just came out and said that stable coins immediately need more regulation, so you're playing with Some unknown variables for sure, but just so you know, there's people who are clearly clearly respected within the community and a lot of people are holding in on somewhere between 90 and 100 by the end of this year.
That gives us about eight weeks. Let's see how it plays out uh, i hope they're right, i'm in bitcoin, i'm excited for it, but right now the bellow of the ball is clearly ether. Ethereum, the blockchain ether hit a new all-time high. A couple things for this, and one of the main ones, is right here: cme group to launch micro ether futures, so i'm more of a future straighter.
So this matters to me, but once again it's just giving people more accessibility, more conviction, uh more more of a nod from regulators that it's a quote-unquote legitimate thing and on top of that people pointed out that for the first time, maybe ever, but definitely in quite A while the most recent week was kind of like a net uh deflationary week, there was more ether burn than mind, so that's coming in. We have the futures thing also, just generally the bullishness in crypto huge fan of ether. I have a lot of mind. Stake for ethereum 2.0, which i believe is probably a little less than a year right now, we're probably looking at mid to kind of the end of 2022, but i staked it because i like ethereum 2.0, i like ether, but like i'm, just earning these extra interest Payments like why would i not because i have no plan on selling, so mine is going to be locked up until east 2.0 actually comes out, but that's an interesting argument, because, as more and more people do that the supply of ether goes down and down and Down and down, as as that goes down and demand stays the same or goes up, price goes higher and higher and higher um. I don't think it's going to be that long before we see 5000 on uh ether. Just so everyone knows um generically, just because i've spoken about this before valkyrie um. They have that bitcoin futures etf, the same as proshare, so remember, they're, coming out with a uh kind of uh right here: sec delays, decision on valkyrie, bitcoin etf until next year, so the sec has once again delayed it, which is kind of really what happens a Lot, the sec gave notice monday that it's extending its deadline for the decision to january 7th the u.s market regulator most recently set december 8th as its deadline. So with this valkyrie valkyrie excuse me already has one out there so does pro shares their bitcoin futures, but valkyrie has filed for additional ones, namely one of them being a leveraged one.
Like 1.25 x, it's not huge leverage, but it's still a leveraged one, and it just does seem like that can is getting kicked down the road. This is another weird one uh related to crypto, but i just thought it'd be interesting because everyone likes the the mystery. The fun surrounding satoshi, nakamoto um, and i just this a court case - is getting kicked off, and this is news to me so i just thought i would share it all with you. Uh bitcoin's trial of the century kicks off in miami at stake.
The ownership of 1.1 million bitcoin, which is over 60 billion dollars. This is serious. This is very, very serious. This civil trial of kliman and wright kicked off in miami on monday to perhaps answer one of the bitcoin's greatest mysteries who is satoshi nakamoto and what happened to his estimated 1.1 million btc in his position and excuse me in his possession very very interesting stuff here.
Um there's a long article. You can find this on coindesk if you're bored today, i implore you to go through all of it, but just some of the highlights right. An australian computer scientist and early cryptocurrency pioneer has been claiming to be the synonymous creator of bitcoin. Since 2016., this suit, oh, hang on.
Actually i wanted to bring one more thing in with you shoot. I didn't highlight it just in general, i'm going to be covering this a little bit more. I do implore you to like kind of go through all this. I must have lost one more article that was tying these two guys together, but overall, it's all about okay, who minded who is it? We might get some answers and that's always been a fun thing about crypto in the most general sense of. What's going on, um right denies the allegations that says that while david and kleiman was a friend and a confidant, the two were never partners and that he alone is satoshi nokimoto. So it's kind of arguing of like okay, their partnership, the llc between the two of them. Is it one? Is it the other? It's it's somewhat. He said she said type of a deal, but i had one more i'll try to find that uh for you in a bit, but it's interesting we might get some hardcore answers of who is the mastermind behind this entire crypto insanity? Speaking of insanity, we have a renewed interest as of yesterday in meme stocks.
So if you check this out, amc and gme both had a really good day. Amc had a 4.8 percent gain. It was a fake out breakdown, we're back in the wedge and right now. Folks, i mean i've been calling out this capital for quite a while the low from october 21st, but the one that really led the charge yesterday was gamestop.
It had a nice nine percent gain uh. We closed over 200 right now, we're slightly down in pre-market. There's a couple things going on um - and i was speaking with this on ttg last night, so in general, cnbc came out with that documentary that i thought was pretty favorable to the ape community that was last week related to amc. So i think more people are like okay, maybe a renewed interest in what this story is.
But on top of that yesterday we got some numbers from amc that was suggestive of a very, very, very good month, like october uh, the entire theatrical experience killed it. I'm talking regal imax cinemark and we know that amc has the biggest market share. So i think it's going to do abnormally well and just so you know the earnings are in now six days monday november, 8th after the market closes and, of course, i'll be streaming. It i'll be here, we can listen to the earnings together.
I can break it down for you in real time, but that's in six days and then uh, and we know that this is going to be tied to amc and jimmy they're kind of tied together. But jimmy, on the other hand, has making been making very, very strong movements in the world of crypto, specifically nfts and then of course, you're talking about loopering, so both of them have interesting things going on. I mean amc, even if you look at its work in crypto, accepting it as payment. Both of them are making steps into the world of cryptocurrency and blockchain, i'm a fan of it and i think, with both of the leadership teams, ryan, cohen and then adam aaron.
I think both of them were very, very smart in the insanity that's played out over the past 10 months. They use the opportunity to really raise a lot of money and improve the fundamental trajectory of the company. So i'm a big fan, but i do have some facts and figures related that i think you guys might be interested in gamestop leads the way as meme stocks i best day since august, and the one thing i want to show you right here, while meme stocks Have soared on the back of retail trader chatter and individuals pumping up their bets on social media monday's rally looks to have the fingerprints of wall street pros. According to trading data on fidelity's platform, none of the original meme stocks were among the top uh most spot. On the platform, so this from bloomberg just kind of saying that hang on we know a lot of people aren't fidelity, but it wasn't really smaller people. It wasn't really retail. It looks like wall street pros are actually loading into like what's going on right now, and i just find that to be interesting because we know amc has an earnings announcement come up. We know that gme is now like clearly taking a step into the world of like whatever nfts metaverse, whatever you want to call it, and now that we know just according to bloomberg and they're sourcing, their data from fidelity that wall street pros were the ones who Were moving it, it almost makes you wonder if they know something we don't know.
Maybe they have some sort of uh. I don't want to say insider information, but maybe some sort of special insight that, as a retail trader were not privy to privy to that is helping both of these and they wanted to make a position while it was still cheap. Now, obviously, that's just a thought. I'm having i'm just exclusively going off of what bloomberg said right here of saying wall street pros were the ones buying it up, but whenever i see that uh makes me scratch, my head definitely makes me a little bit interested.
I'm just curious. Okay, like what do why were they so confident? Why were they putting more of their money up when a lot of the other wall streeters are saying, nope overvalued, you shouldn't be buying it. It's completely fictitious. You shouldn't be messing around with it.
So couple things going on there that uh worthwhile to pay attention to definitely worthwhile to pay attention to all right and finally before i just give it back to you. I want to give you this final five minutes just so you know where we're starting off. Today. Amc, the estimated short interest is 17.
The average age of these shares on loan is 77.5 days, and the shares on loan themselves is 105 days in terms of gme. The estimated short interest is 11.6. The average age of the shares on loan is 54 days, and the shares on loan is coming in around 8.16 million just to get us going for the day. Obviously, we'll be checking back on it here and there from a technical perspective, amc i'm still calling out that gap bill at 38.80 and for jimi.
I want it to hold 200. we're a little bit below it right now to the tune of five cents. But what i really want to see is it confidently hold 200 and then from there we're kind of watching that 2 12-ish area there's been some previous rejections there. So that's my next watch major next watch on gme, but on a smaller time frame. Obviously, we could pay attention to 208 50, which was the high from yesterday uh we'll be watching the russell to see. If that can hit a new all-time high today, i assume that it will and then i'm seeing if tesla, if this bot the dip is going to be bought on day one or if people are going to wait a couple more days to buy this dip. All right now, what are your questions? Moon gang thoughts on grpn with the recent news movement? I don't know what the recent news on it is, but i'm more than happy to look at. I believe this is groupon um, so it's gapping up by a little bit over a dollar, but it you still need this technical breakout of just the low 25s.
I mean this is a bear trend. I still i mean it's one day of buying um they're coming into their earnings. I don't like i said, i'm not sure of what the news is early this morning on this one. I don't commonly track groupon, but from a technical perspective.
You'd want to see the break in the hold above 25.. Thoughts on upst looking to get out wondered your thoughts man. Thank you. So much for everything you do uh upsc! What's going on mary um, if i were you no no to me, i would be happy to continue to hold it cooled off.
The technicals cooled off. We made a new higher low and it looks like it's fighting back to me. It looks like this thing's about to do another leg upward and we know historically, whenever it has its earnings it like crushes it. So you could fingers crossed that.
That happens again. It looks like the estimated earnings is november 9th. So, on tuesday i would want to be interested in the follow-through from that thoughts on jazz me. I don't know what jasmine is.
Is this just another crypto? Oh it i think you're getting excited. It looks a bit chasey uh, but be careful with that. I mean. Do you know what else has kind of looked like with this? The complete scam of squid, this thing exploded, the developers ran away with two million dollars and just crushed the project, be especially these, like all coins, the small ones that come out of nowhere and rip be careful about chasing you got ta like you have to respect Your risk or you you face situations like the squid game.
Absolute just like scam attempt it was crazy. Um someone is saying. Jasmine has a solid plan. Hey and if you look into it i mean that's fine, but even if it has a solid plan, you still don't buy at an all-time high like you can, and i'm not here to tell you what to do but you're increasing your risk just arbitrarily chasing a High that can seriously seriously burn you all right.
People are asking me about prague, uh 334, not much. Today, it's been hanging out in like the mid threes for quite a while um, so i still have it i'm so long on it. I'm just waiting a lot of the times. You need patience, the things that you're particularly watching or invested in or training they don't have to move every single day. So right now, i'm in prague i'm happy to be in prague. It's just a patience play uh, hi matt. I know you hate pharma plays but thoughts on mrna. I have options that vested today.
Do i take my gains or wait a little um options that invest like vests. Like you work at the company, i mean moderna right now. I think today's a bit of a wash, i think, tomorrow's a bit of a wash because they report their report, their earnings after the market opens uh or before the market opens on thursday um. So today the movement doesn't matter to me tomorrow the movement doesn't matter to me.
I have options that vested today. Uh, i don't know what you mean on that, though vested options today on a tuesday like do you work for the company, i'm a little bit lost. Uh thoughts on rivian ipo, i avoid ipos uh. The only ipo uh that i went into recently was coinbase got burned on that one and then the only other one that i'm willing to break my own non-ipo rule for is starlink other than that.
There's right now. Over the past handful of years, ipos have way too much excitement with them. They trade at a premium and then, as soon as the excitement dies off they like kind of take like that breather and crash down, i shouldn't say crash: they take a healthy correction so because of that, i'm not going to get involved in a new ipo. I mean there's so many over the past.
Even 24 months of ipos, not holding whatever their initial run up, is finally watched. Your interview with mark big cajones - i i know you said the language of colorado by the excited you spit my water everywhere, good stuff. What's going on j kiss what is going on? I appreciate that. Don't forget um folks, just so you know we also did a new interview um.
So i'm attempting to do like a cool interview like once a week at a minimum uh. The most recent one was with dave lauer, and we just talked about the seriousness of what happened in january and how it needs to be fixed, and it's just something that i don't hear really anyone else talking about. I hear a lot of people talking about um like theft and manipulation and this and that and taking the buy button. And then those are all things that have to be discussed.
But i think people need to understand the systemic risk that gamestop presented to the overall system. Ding ding ding, ding, ding ding. Now we're working, ding, ding, ding ding. The casino is open all right.
Let's get rocking, let's get rocking prog 336 uh bitcoin, looking very good ethereum, looking very good uh. She trying to hold on to 70., so shebe seems to be moving in these ways where it like makes a nice movement and then consolidates for a decent amount of days, and then it makes another nice movement and i think, we're just one of those classic periods Of consolidation, uh wait: why is it opening an hour earlier? It's not it's! 9. 30.! This is the normal time, the normal normal time. Oh, is it because the the daylight did i miss was day lights. Is that why i feel super tired right now? It's november 7th uh, daylight saving, isn't i. This is probably why i'm so sorry, because we still have to make it through five more days, uh, so daylight, saving uh ends at 2 a.m on sunday november 7th et. So we we did open on. Oh, the uh uk had it uh, okay, you know, and that's part like why don't why don't these people plan together be like all right? Let's all do it together at, like you know, let's get on the phone and be like what date do you want to do it, what they do we want to do it and, let's make them the same dates.
Let's, let's make a let's make a whole thing of it, so i guess the eu is a week before uh the us here, all right, tesla, tesla tesla. So, to a certain degree, i got very lucky because yesterday i was like man it panned out for you, you crazy, crazy luck, um, but i kind of want to get in. So i have no tesla well. I still have my long-term investment in tesla, but i did get lucky and i dodged the bullet of whatever had happened like with elon's comments, so i didn't get destroyed by that all right all right, but there's always time to re-enter.
You guys know me. You know me: okay, amc around 37.60 up 1.3 jimmy 197, currently down 1.3. The russell 2000 definitely taken a healthy, healthy dip right now, a healthy, healthy dip, all right, but calm cool collect. Oh amc! Well, hello! There amc, uh, remember the gap bill is at 38.80.
That's definitely what i'm looking for uh, how many of my own trading rules can i break today with tesler all of them all of them? Maybe just actively look at my entire list of rules and throw it out the window for tesla always a possibility, always a very, very strong possibility when it comes to me all right. What was i doing? Let's, let's see what's cheap, let's buy things on a discount folks, let's buy things on a discount wow. They really uh built out. Quite a few of these the options.
That's interesting, all right, we're not going to break them all. Quite yet we're just going to wait. Calm cool collected, i want to see what iwm is doing. I want to see what the spy's doing look at that hit right there, the qs they're doing their own thing, amc.
Looking good. I would love to see gme pop right above 198. Let's see what we're doing all right, we did it. We broke every rule, we broke it, we're back in the day trading tesla folks, who knows, when is this gambling fun ever gon na stop? Who freaking knows i'm just feeling lucky with tesla? I'm feeling i'm feeling lucky, i'm gon na start to own every side of the of the mississippi.
I'm just gon na buy the whole thing: the left side, the right side, the top side, the south side, the bottom side, the north side, all of it just if it relates to the uh. If it relates to the mississippi, i will own it, and i i'm gon na need these tesla gains to be able to afford the mississippi all right. What else do we have moving right now? Um amc still looking very good. 37.50 look at this nice bounce uh. We have a double bounce on jimmy off of 195, 50 196 double bounce there we'd love to see gme get right above 198. That's the line in the sand, the intraday high. Let's get rid of this, the intraday high for amc is 37.80 all right. The cues moving that should help me out the spy is moving with the qs and the spies moving up.
That should help me that should help me that should help me old matt welcome back um i'll, keep you guys updated on this one, so dumb all right! Currently, i'm up 11, which is 2k i'm at 14, which is 2k, so a lot of you might be saying, but matt you're up 2 000, just locking it. That's that's a lot of money and i get that. But you can't buy much of the mississippi with 2k uh look into it. It's expensive! I know zillow's about to have their earnings announcement tomorrow.
But if you look at any mississippi-based land, it's not cheap. You need more than 2k. You need more than 2k folks brambo. You put 20k on tesla yeah.
Why not like folks? It's not real. It's the game's, not real. The money is real, but the game. It's the game, uh great interview with melissa.
Any thoughts on intc would love to check it. Intc uh yeah, so i like it uh i mean intel, i'm a fan of intel. I am the same with nvidia amd, i'm a fan of the semiconductor industry, they're, making processing chips and just the trend of technology of data centers, ai uh gaming. Those are huge and all these need the very fancy processing chips intel, i'm a fan of it.
It's not my favorite within this world, but i still like it. Uh nvidia happens to be my favorite nvda, it's my favorite, i'm i'm a fan of it. Um amd! I'm also a fan like i'm a fan of all of them. It's just nvidia from a technology standpoint happens to be the most it's it's the gold standard of the world of processing chips, but still intel.
It's a solid company um. So fundamentally i like, what's going on um right now, it's crazy choppy it's kind of on its low, so you have minimal risk if you're, okay with risking 48, which is 1.70, maybe then look for that breakout of 50 50 and from there you can play the Gap bill or you could just generically, buy it as it's cheap and then hopefully make it a long term or medium term investment. If you want to look into more of the company's fundamentals, but i'm a fan of intel uh, why give potato attention dudes a legit, troll uh? I mean he's blocked me now he blocked me ever since i told him like. He should now delete his account, but it's i don't know he blocked me. I blocked him it's over. I think i mean the guy's just a liar. Like i mean it's, it's it's an account like it's just some random account all right. Tesla update uh.
Now we're up 40 41 up 7k, but why stop there when we could get more more more more, you guys know how it is folks, let's let the other people focus on their social media drama. We need to focus on acquiring mississippi. That should be the hashtag of my brand hashtag acquire mississippi, acquire the mississippi river. That's too long, it'll just be a choir, mississippi and they'll be like what do you mean? He wants to buy the state and then we'll be like? Ah, you kind of got to know him, but he actually wants to buy the entire river and they're going to be like he wants to buy the mississippi river and be like you just wouldn't get it and it's you just got to shrug and be like.
It's a kid with a lot of potential great relationship, advice, great career advice, but yeah he wants to buy the river and they're like. I don't think you could buy the river and then i'll be like you just shrug your shoulders and, like i don't know, but hashtag acquire mississippi uh, you don't find it funny. They pumped tesla right before the collateral haircut day. Now they have the perfect news to go with hertz deal didn't go through but see that's what's weird, it hurts it's like they're already delivering it.
I just this to me the drop from yesterday till today. Why was i confident about throwing money at it? Well because hurts is like you're already delivering us cars. This seems like it was just a tweet that was gone awry, like i don't know like when part of trading anything related to bitcoin, dogecoin, sheep and tesla is understanding. Elon elon tosses, these tweets out.
He tosses a nice tweet grenade and he's like. Let's see what this does and generally there's an initial reaction to it in pre and post market, but generally it's just undone very quickly. I saw the gap down. I like the bullishness of tesla oil sky high.
It's still trading at 83, a barrel tesla is an eevee leader, the government's giving out more of these uh rebate credits. They have tax breaks. If you get it, it's just there's a lot of things that are pushing tesla upward in the medium to long term. So, in the short term, if you see a deviation from that, that might be a good opportunity and you're like wow matt.
That makes a lot of sense, but if i really think about it, it still sounds like you're being a dumb ass because you're talking about medium to long term and you just bought lotto calls for a friday. And to that i would say that's a very astute observation and i think it's because i didn't get enough attention as a child um. I think i could have good reasoning, but maybe not the best traitor. You know i feel like i could give out good facts, but uh when it comes to actually doing something that makes the most sense, let's that that's where that's, where you might want to deviate from whatever i say: oh man levi becoming an astronaut. What's going on. It's like an info mitchell, but wait. There's more. Can someone uh getting to be referred as getting talk, blocked from now on, talked blocked is prog still fundamental in short squeeze play, so i mean short squeeze plays.
I don't think it's smart to just go around hunting for a short squeeze play. I think it's dangerous. I really do uh, but with that i still admit that prague could squeeze, but i like prog for like i bought shares. Yes, i bought calls for no mid-november.
So i still have some time, but i'm happy to sit on those shares like i really really am um hang on. Let me actually pay attention to tesla. This is working out better than i thought it would. I need to mark out some of these levels to know where to take some of my attendees uh 1193 and then okay.
Sorry, i just need to do this, so i don't mess up my cheez-it bill for the month got ta get some levels can't become a complete cowboy of the market. You guys know how it is. It's probably all right. We did that levi shout out uh brother thinking of going along on e n p, h e n p, h, e n, p, h, uh, end phase energy going long right now, uh, i don't think so uh, so it gapped up on a good earnings.
Long long long, but now it's starting to show weakness so see how much weakness is actually gon na, be there. It might come down a little bit and then start to bend around. Maybe it comes down to 203, maybe it wants to gap, fill and then bounce, but right here the ball got thrown in the air and look at it. It's perfectly arcing right now.
Yes, the kid in his mom's basement is comparing stock trading to just throwing a ball in the air, because that's all it is, there's no difference between stock trading and like classic playing catch with your dad at a barbecue. There's literally no difference and right here, you're. Just waiting for that ball to come back down it's running out of energy, think of it all as a living organism. That's a joke! Well, actually i could argue that that's someone right, but anyway right here, i wouldn't do it.
I think there's more downside, but that's just me if you're confident, you're like no way jose 231 158 is the lowest. This equity is ever going to go again ever ever ever, i'm positive of it hey have at it. I wish you the best of luck. I really really do i'm not a financial advisor, i'm not a lawyer.
I don't give out buy signals. I don't give out sell signals. I just share like the own. My own, dumb shenanigans that i get into uh is iwm still getting crushed.
I see a lot of people talking about that iwm uh reports, red book uh, i'm trying to look for any specific updates to iwm right here hurt, says deliveries of teslas have already started heard, says very strong early demand for tesla in fleets, uh uh, a n Y sphere, 3d chairs c volume, uh speaker pelosi, says economic plan can be voted on by thursday, interesting interesting, all right, all right, all right, all right all right, so i'm up 87 86 on tesla right now, i'm up 15k! I should right now: okay, please, for the children who are paying attention. If you were trying to learn something about day trading. This would be the moment to lock summon am i going to be this stupid and not do it, though, all right, i need a quarter. How stupid am i going to be today? I need something that has like a binary result. Uh. What do i do? I have a quarter. We got it um uh, 50. 50.
There has to be a quarter simulator. Ah, okay, whoa. How do i flip it, though? Wait is this right? Okay, so i think this is how it works. This is the game we're gon na play um.
So here's a quarter uh we'll do the us dollar. Okay. So obviously this lucky lady is heads, then here's tails. So this is the game um.
If it hits tails i'll lock in some profits, if it hits heads, i will just let the whole position ride so tails, i'm locking in some profits heads we're gon na. Let the whole thing ride all right. One, two: three! Oh tails, it looks like we're, locking in some profits all right all right, all right, they uh the quarter has spoken. So let me let me lock in a little bit right here.
Let me i'll lock in a third of the position, not a bad deal i'll. Let you know when that fills. I had nine contracts. Okay, i sold three um all right, so we locked in three of nine.
I think this is this. Could work a very sophisticated approach to trading hey it's as much as these analysts and everything are wrong about what they're doing like i don't know. I don't see why a quarter is any worse. I'm looking at 10k eath position.
I don't want to chase them up. 1200, i'm looking for any suggestions. It's a long-term hold for me, um. Looking for any so my suggestion is i'm a huge fan of heath, huge fan, but i still wouldn't buy at an all-time high, which is what we just hit.
I mean ethereum is currently trading at just below 4 500.. There's, probably a chance for you to pick it up. Sub 4200 i'd feel confident about that uh, maybe even sub 4k, like if you're long term you might - i don't know it depends how if you're long term, does a couple hundred dollars right now matter to you if you're confident that it might go over 10k. 15K.
25K, plus or minus even a grand right now does it really matter, but if you're the fact that we just hit a new all-time high, it tells me statistically at some point in the future: you'll get some sort of nice discount, whether it's five percent, eight percent, Something along those lines um, i i think you could get it for cheaper uh. I chose my last six wives by flipping a quarter uh all right. I need to find a better quarter, flipper with an animation, a randomized quarter. Flip coin flipper select the coin novelty coin uh. Well, i know i want to see the animation. Is there a good website that does this uh? How do you do it? Ooh? Okay, i found a better one. We're gon na! Do this one instead all right because right here this isn't for anything but just randomly flip. We could do heads and tails i like this and we could all see the animation perfectly okay.
So the next question is at the uh 1210.. When we get there we're going to ask our lucky lucky quarter heads you let it ride tails! I lock an additional part of the of the position um and we're going to ask that right at 1. 210. If we get there, you never know.
Sometimes we just got to lit and see. We got to see how it all plays out. Uh matt do not buy at an all-time high ever also matt buying tesla also uses a randomizer to use it if it poker 100 and just get pick a number more fun. You can even do below 30 for 33..
Oh drake, i like that. That's a good idea of like almost letting them tell me how much to lock in put a cursor over the cell button and flip your mouse. This is how the professionals do it. I just want to clarify: there's no difference between this type of trading and what you see in hedge funds.
This is how hedge funds do it they're like hey, there's a bunch of equities. They basically have like a scrabble bag. They pull out letters they're like oh okay, like i think this is a stock and then from there. It's just pure luck.
All right, amc coming back around uh, it's just above 37. I like that. But let's see, if you can punch above, like i don't know, 37 15 20, something like that might get the swing going seems like whatever this uh. The bearishness involved in the russell is right now, not the best, not the most ideal.
What do you think about snap and lift? I want to hold them for the long term um, so the ride sharing business is very tough, uh uber is more dominant and the issue with it is uber to my understanding is not profitable and they don't necessarily have the most plans to be profitable same with Snap in snap's ipo they said we are never going to be a profitable business. So i kind of find that, concerning i know, snap recently had a big gap down and i think there's opportunity to make money on that. I do um, but i don't know if it's tough for me to want to be a long-term investor in it, but if it depends, what you want, are you talking about being a long-term investor? Are you talking about locking in um like a quick trade like a swing trade, or something like that, i'm personally hesitant about being a long-term investor in uber lyft snap? Any of those just because, like their their business model, is a bit wonky all right. Folks, we got ta get ready, so i have i had nine, i sold three, so i have 66 of the position.
Um oop. We didn't even hit the level yeah it's 1210 and we're gon na. Do the next coin flip to see how this all plays out thoughts on ggpi, currently valued at one billion, but has a low float of 100 million last year they delivered 10 000 cars and 29 000 this year, uh i sold lucid. Is me stupid um? So i'm a fan of lucid, i wouldn't call you stupid because maybe ggpi is awesome not highly. I mean it's 11 stock that doesn't trade that much nine. I wish i had a bit more volume, a bit more interest and it's also ripping to kingdom come um kind of the same as ethereum is like i'm just not the most interested in buying it. It's also a financial conglomerate. So it's a spac play and spax have been kind of losing their luster recently.
So if you're looking for the ev sector, i mean, if you like, a particular sector to me, the most logical thing is playing the leaders within that sector. So right now tesla's. Clearly, the leader uh lucid's up there uh fisker neo they're, like all popular ones, tesla's, obviously the leader, but you could also play like upstream, like lithium or downstream, of whoever someone like hurts, who couldn't be using those vehicles. There's a couple place ways to play the sector, but for like an unknown spack play within it.
It's just. It's very high risk high reward and that's coming from a guy who's, making a ten thousand dollar decision based on a virtual quarter so like when i say, something's risky. I hope that's really driving it home to all my viewers right now of, like i'm literally using a coin to flip it i'm like. Ah, that's a bit too risky like come on uh a lot of people talking about ocgn, uh ocgn having a great day.
I have some resistance at 1560. um, so i'd be watching that and we were very, very close and then, if you get above it you're talking about 18.50 uh all right, we did that we did this cool uh. Oh zach harris said something that got him timed out. Oh the let's go brandon think guys.
You know you're just gon na start fighting like you, don't need to spam. It like, if you believe in it, okay, whatever it's funny, laugh at it, but, like you just know, you're gon na make, like the other half of the people, mad you're, literally setting a bad example for your students, a regular potato. I mean i'm expressing to people to not do it i feel like i don't know. I hope i'm not setting them bad.
If there's any teachers out there who are using me to like using my streams just for their like finance classes. Uh, like please put over my forehead like a sticker that says, do not do this. I'm not saying this is a good idea. Uh man check out a tyrian ater ceo twitter, just reported uh evidence of seven million naked shorts is going bananas on twitter, a tyrian ceo on twitter, uh, tyrion ceo.
Let me find it is his name janiv sarig, sarig sarig. Let me find this account. Okay, co-founder and ceo of a tyrion ater mohawk group holding preliminary data on a legal naked short selling is 7 million shares as of october 15th. This is the uh. This is in addition to the 8.1 million shares, officially short, as reported by the nasdaq. We are committed to combating this whoa. A tyrion takes its fiduciary role seriously. We hired a third party firm to investigate illegal naked short selling in our stock.
This process takes time. Please stay tuned, that's crazy! Here, i'll tweet it out just so you guys can see it uh see the account probably worth a follow and everything uh right here. This is the account yaniv saaring ater um takes its fiduciary responsibility seriously interesting uh yeah check out his last two tweets october 14th and the first so he said, as of the 15th, 7 million shares a legal naked short selling, that's crazy! That is insane but remember.
It's not weird because Elon said Hertz is paying full price, market price for each vehicle. No special benefits or special deals. Hertz is buying the cars just like any other person would but in bulk.
The market will be very Favourable now due to the rapid growth of Bitcoin which is $64k, The rich won't disclose it so don't be fooled, it's right time to invest, Christmas is on the way
FUBO and AMC did great today do you think they will squeeze tomorrow?
DEAR MATT K. please do more research into DRS. There is a massive community that disagrees with your statement saying "you wont be able to sell easily during MOASS". This is 100% FALSE information. It's been tested, and sell orders go through in a timely manner. If you are promoting risk aversion, then DRS'ing some of your shares to diversify your holdings is still safer than having all your eggs in 1 broker.
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Elon is a manipulator of the highest order
I swear I have the worst timing on earth. Every time I drop in to this stream that stupid horrible song is on. Love the channel hate that dumb song
What's the song
Many people are seeking for stability in this world π of crypto, but the reality is that it is the nature of cryptocurrencies to be unstable and volatile. To guarantee positive returns, one has to flow along with the unstability of the market, while using indepth technical skills to make profit. You can boost your chances of making profits by trading with pro trader Arnold Rosenstein.
ECOMI COIN TO THE MOON!!!! AMC & GME TOO. LFG
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You were one of the good ones. Who the hell said anything about selling registered shares??? Those are infinity pool shares. Sacrificed if you will. So this whole "you won't be able to sell during the moass" thing is stupid. You CAN if you want, but those shouldn't be touched. The WHOLE point of registration is making those shares untouchable by the hedgies. If you have 100 shares, register 90% as an FU and only keep 10%. That wasn't advice, but that was the point all along. So saying "you won't be able to sell during the moass", yea, AND? SO WHAT IF YOU CANT!! THOSE AREN'T FOR SALE!!
And for those defending Matt, saying "can you believe there are actually people out there that don't like you Matt? " FU TOO!! You guys are just too stupid to realize how dumb it is to not lock up the float. Matt following Charlie. Wow. Never thought I'd see the day. Matt, what have you done…
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Hey Matt there are actually people who donβt like you I canβt believe it some youtuber said something today and I was like wow he hates Matt ….love you bro you the goat
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