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Stop breaking the law is give us the fucking money, my sister's here, my brothers, the fathers and the lovers. We don't need another fan because we huddled through hard times fucking money, wow moon gang. What is going on and, of course, welcome to power hour power hour. Coming at you live for power hour excited to be back excited to talk about what is going on for today, hump day wednesday november 10th, as we have about 60, more minutes of fun to see really what's going on, and we have some interesting movements to say To say the least: did evergrand default uh good question.

I was actually going to get into that. They ended up paying delayed interest on two of their three bonds. That's the most recent update. We have for evergrand um, quite actually quite a few things going on.

So, first of all, okay, we have, let me bring up gme just so you guys are all on the same page. Here things are selling off this afternoon. It's no secret, um amc. We had a push this morning sold off now from about over 40 dollars, pushing 41 right now.

At 38.30. Amc is currently down four percent on the day, jimmy rode all the way up to 207, currently at 198, also down 4 on the day in terms of the ortex numbers. Let me give you the most up-to-date things hot off the batch right here. A return of 2.32 million and net return of 2.32 million estimated short interest 17 in terms of gamestop there's a net return of 47 48 000 shares estimated short interest on gme is actually now sub 9.

Once again, this is estimated it it's just the data we have, you can interpret it, how you want, but this is what we're getting and it's based on the release data from yesterday, which was valid as of october 29th. The share short were 7.06 million shares uh. So that means at that moment in time we're at 11.43 short interest um. These numbers remember um there.

There is misinformation going out there of where these numbers come from a lot of people like to say um like self-reported a certain degree. That's true, but i i question: if people know who self in this scenario is remember, it is not hedge funds who are reporting their short interest to finra. It is finra members and this gets a little bit complicated in in the like. I don't know it's the details, it's the nuances of like who is or isn't i find it best to think of them as people who can actually execute trades.

So hedge funds don't execute their own trades. They go to a broker, specifically a prime broker. People like us, we go to a broker and the broker, depending on who you use, they might or might not be executing it. But finn remembers, that's the easiest way to think of it.

It's the people who are actually executing trades, so those people based on the trades that they're executing are reporting that data to finra and then finra and all the other members they give it to finra finra gives it to us. Unfortunately, it's always two weeks delayed. We get it, but then it's valid as of whatever the settlement date was so yesterday the data came out, but it was valid as of the 29th and as you can see, look at this cadence. We get these about twice every week or every month.


Excuse me! So it's always awkwardly delayed and then based on the proportionate, because we know the amount of shares on loan and then obviously here when you have the shares short, it's kind of retroactively you're. Looking at you're like okay, were we overestimating underestimating where we spot on? And that's why you get the calibration so obviously with gamestop they were overestimating, they had to calibrate down on amc, they were underestimating, so they had to calibrate up. That's why we've seen a push up today when we woke up this morning in amc, short interest and that's why we see a drop in gmb short interest? It's just because of model calibration it. There wasn't like a big swing, all of a sudden like overnight, in the short positions, just so we're all on page with that, the s p 500.

This was the scenario i was explaining like really yesterday in the morning stream we're just looking at this ball. Like i mean a picture, throwing a ball in the air it at fast, it's first and then it slows down not much of a range, and now it's coming back down. I am watching between 458 and 460.. This is my first target right here to see.

What's going on, let me just mark this out, so we have this for the morning stream and in fact let me get a little bit of a. Let me get a rectangle here, just so we're all on the exact same page of where i think the next major region of support is. This is what i'll be watching in the s p. 500.

So particularly today, as the ball started to descend, as we had gravity really catching up to the market, what's going on well part of the driver on the overall market today it related to inflation. So yesterday we had the ppi the producer price index that came in at the highest ever 8.6 percent and then with the consumer price index. Think about like how costly it is for you to buy things even basically from the grocery store or something like that. It's the consumer price index: how expensive are goods uh that came in at a pretty hot 6.2 percent? That's the vernacular! That's the terminology! When inflation reports come in higher than expected, it's referred to coming in hot hot, hot hot.

So that's what the inflation is right. Now we all know inflation, i mean if you listen to the federal reserve, if you listen to our government they're, going to argue that it is transitory. Time will tell if they're right on that as in if it's just like here for a little bit we'll find out, but they are also like in real time changing the definition of transitory. But beyond that, we could argue if that's right or wrong, but it doesn't really matter because what matters for us right now is what is going on in the market.

Where are things going up? Are they going down? Where are the money making opportunities and pretty much starting at 11 30ish someone opened up the drain and we just started selling selling selling. That's the s. P 500 in terms of the nasdaq 100 you're going to see a similar pattern. If this ever loads right there.


I started a little bit earlier around 10 15 and then kind of 11 20ish the drain open, just sold off and then the russell 2000 that one definitely opened earlier, uh first at 10 and then again at 11.50, but we're seeing the overall market sell. I think sometimes people get myopically focused on ape stocks such as amc and gme, and they like to scream manipulation because they think anytime, it goes red, it's manipulation. I don't want to be the negative nancy here. I don't want to be the bearer of bad news, but just because something's red does not mean it's manipulation.

Remember we are dealing with the inherent axiom of supply and demand, and when markets sell off, there is inherently less demand and more supply, because even these major etfs are starting to sell because they have to rebalance you're having people who aren't necessarily apes, who are just In this for active trades who, okay, they see red and they're just getting out of their long position, they could be locking in some gains, you don't know, there's literally millions and millions and millions of stock participants. We all have different. I guess time frames. We all have different risk tolerance.

We all have different training goals. Is it trading? Is it investing? Is it some midterm swing trade? There are millions, like literally millions of different opinions of what should be going on and then that all ends up getting. I guess almost singularly represented in the price action and in the current price um. I know some of you and i know the like.

The ding dongs on reddit are in twitter and discords are gon na, be, like did matt just say: there's no manipulation, that's not at all. What i said am i making fun of you? 100. Yes, i believe, there's manipulation. I just think the manipulation is not solely justified by the fact that the stock is red.

Just because something's red does not mean it's manipulation. Could manipulation be involved yeah, but just seeing a red candle doesn't mean manipulation uh that that, in fact, doesn't make sense whatsoever. So anyway, when i think of manipulation - and i know a lot of you - are like okay matt - i get it you're - making fun of people just because you're like a petty, asshole yeah. I get it i'm right there with you.

I know what i am um, but for you to have uh more, let's say of a useful discussion with someone where you're like okay. Well, if that's not it, and i hear all these people take talking about manipulation, where does it actually live? And this is actually a great question and i think that is expressive of some critical thought of like okay. Well, if it's not this, where can we look and to me one of the biggest problems we're seeing is just the sheer amount of trading done off exchange because right there, it's it's in a weird way: it's almost like a derivative market where all the trades are Being executed of them looking in of what's the bid and the the ask on a lit exchange, and then they execute based on that, rather than the orders actually having an impact on bin and ask so it's more of in terms of, i believe, personally, that the Manipulation comes from a severe lack of price discovery, price efficiency and a very obvious lack of competitiveness on lit exchanges. Um.


That's where we're at amc, gme, the ortex numbers i'll, also give you the flow right here. So today the flow is against amc. The bearish flow is 53 and then in terms of gme it is also a bit bearish, but on closer to um i guess equal 51.55 on gme. So that's your amc, jamie update in terms of crypto, so this morning, btc hit a new all-time high.

So did ethereum, but we're selling off of that high and we've seen that there's been a stronger correlation with crypto, specifically btc and the s p 500. So the fact that the s p 500 selling off a bit - it kind of it's not going to be a one-to-one correlation, but we are seeing notable overlap between btc ethereum and the s p. 500, the nasdaq. So the fact that these things have sold off pretty much from 10 a.m until now, like as i'm speaking, we're catching a bit of a bid um, but that sell-off it kind of tracks uh.

I think it's awesome that we hit a new high. I think people are like whoa, inflation seems to be pretty serious. What's the best way for me to protect my usd or whatever your country's dollar is and then from here they're like okay, we'll get in btc, but then uh money, obviously moving to a risk off scenario going from risk on to risk off money coming out of The system right now, i think people are a little bit hesitant like i. I keep coming back to the s p 500 right here, because i think a lot of people are like hey.

This was a blast. It was a awesome, awesome, fun, fun time, but now they're like okay, i i think it's high. I think a lot of people right now are happy with the gains that they've made in the overall market. If we're talking about these top 100 companies, these top 50 companies, these top 20 companies, even the top 10 companies, the likes of apple microsoft, tesla amazon, those guys alphabet, a lot of people like cool.

This was fun like time to just lock it in. They see a little bit of weakness. People are trying to not get. I guess slaughtered here, um, i i know i always share like these weird little things about the market of stairs up elevator down uh buy the rumor, sell the news.

Let me tell you another saying, and i don't know the last time i shared this, but this is very, very important. So if you're, like only half listening like maybe your manager's talking in your ear, tell your manager for, like one second, be like hey, hey, shut up for a second the kid with duck. Shirts is about to say something important. The i forget what book this is from.


I wish i i remember the book of where we got this saying in the market. Both bears and bulls get to, eat bears and bulls they're fed they they eat. You know who doesn't eat the pigs. The pigs get slaughtered within the stock market bulls and bears both eat pigs get slaughtered so right there.

That's just re referring to people who are gluttonous, referring to people who are greedy, there's ways you can make money on the upside the downside. But overall you have to know when you're overstaying, your welcome, uh, that's very, very important. So what i'm seeing in the market - and this is in no way commentary on amc and jimmy i'm talking about the overall equities market - i think a lot of people are starting to get into that mantra of pigs. Get soldered bulls.

Make money bears are most likely about to make money bulls and bears are about to eat the bulls. Eight the bears are about to eat, but the pigs could get slaughtered. So if you have a bull person who ends up becoming a pig and just rounding it all the way back down, pigs get slaughtered, um, that's more of a crude and a little bit more. I guess vile saying now that i'm saying it out loud, but i still think it's an important one to internalize.

You have to know when you're overstaying, your welcome. You have to it's. It's very very important um, so right here with it we're also running into some weird stuff: it's not really seasonal, bearishness right now, it's more seasonal chop, so i don't think there's too many seasonal forces in like mid-november. By the time we get to the back side of thanksgiving from there to the first week of inclusive of the first week of december, that's bullish.

We're definitely going to be a little bit more bullish in that small time period, but right now it it very much is what is just going on with inflation like that's something we all need to pay attention to. I don't know about you guys out there, but, like the last time, you talked like bought groceries, how much more expensive was it? The last time you filled up your car or truck how much more expensive was it um. Just things are costly right now and i think the average person the average, whatever global citizen is starting to feel those prices creep up. Yes, our paychecks higher yeah relative to a year two years ago, paychecks are higher but they're not higher by the same percentage of the increase in everything else.

So fee people are still feeling like the net negative impact and um. The government will tell you well like yeah, but like let's focus on the fact that pay has increased, pay has increased but once again to not to the same degree that everything else is more costly, very important to consider that now, i'm not the most happy. Obviously, about amc and jimmy having a red day, i'm in amc i'm in gme. I have equity in both of these and i don't want to see any red day now, one of them that i think is interesting and a little bit more reasonable of why it's red is robin hood, robin hood.


We had this official breakdown of forty dollars back here on the earnings and then it tried to fight back. We almost got this gaffer and then robin hood very close to making an all-time low um ever since it ipo ipo'ed back here july 29th and it made the low of 33.35 or what is this 30? What is the low 33.25 excuse me? I misspoke um and right here we're not we're a dollar away from robin hood. The brokerage who lied to our face, who is literally the opposite of their name like the mythological story of robin and stealing from the rich, giving to the poor um the company, who inverted that entire story is about to see a new all-time high. And my overall comment on that one is just karma's a bitch like it very much is now.

I've said this multiple times that i have a lot of respect for uh, kathy wood and arkhan vest they've been crushing it in the ev sector um, but we found out about this on november 5th kathy woods, arkhamvest added 439 000 more shares of hood. Today i promptly responded, we all make mistakes. This was back on the 5th and then i had to follow up today. Mistakes were made now i do want to share something with all of you.

This just happened today. It was reported by yahoo finance uh, but this is robin hood um, robin hood, a crypto ceo, but some interesting commentary on meme investing needs in attitude. Adjustment nah, just listen to this real, quick, let's drill down with robinhood, i mean you know. We really first associate robinhood with retail traders, which of course, jargon for regular folks and there has been a retail trader revolution during the pandemic.

I don't think that's an overstatement, a generational change for sure i mean it started, arguably with gamestop, but it was really everything i should say game. Stonk, uh amc, you know best buy blockbuster. There were these meme stocks and all of our chats today have a little title. Our title with you christine is meme stocks to meme coins.

So you guys have really uh first made your name on those stocks. Then you launch your crypto services and you offer a small number of coins, and that includes dogecoin, which i'm constantly being asked about. I mean, i think it's something that regular folks, you know. Normies non-crypto people have a lot of questions about dogecoin.

Wasn't it created as a joke and it's still a joke, and yet it trades like crazy and some days it shoots up. I mean what is robin hood's view toward uh, getting a significant percentage of its revenue from a joke or meme coin, like dogecoin yeah. Before i answer that specific question, i want to pull it up one level around this idea of meme investing um. I think that whenever we hear people talking about this, there's this undercurrent that you know, retail investors are not smart enough to make the right decisions when it comes to investing that they're.


Choosing these things just as gamblers - and you know, i think, that's kind of insulting um. Honestly, our ceo vlad wrote an op-ed for the wall street journal a few months ago that i would strongly co-sign and say you know, retail investors actually have a wealth of information. That's available to them. They are long-term in their outlook and we really shouldn't be criticizing them for what stocks they're picking specifically right.

So the idea of meme investing, i think, needs a little bit of an attitude adjustment um when it comes to coins. I just wanted to share that a couple of things i need to dive into on this particular one and, as i'm talking about it, let's just watch robin: let's throw up robin hood's chart as i break that down, so that was the coo of robin hood. Crypto um couple things there. So in a weird way, those words are saying: hey no, like apparently vlad redder op-ed wrote an op-ed for the wall street journal, which i'm unaware of uh, but right there she's like whoa, we whoa you can't make fun of retail.

They have a wealth of knowledge, they know what they're doing so funny. Imagine that imagine imagine, being a company hey use your imagination for one. Second, let's just come on come with me on this journey. Imagine admitting in november of 2021 that retail knows what they're doing they have a wealth of information and you should not judge them from the trades.

Now imagine saying that, except ten months earlier so tell like so-called retail, who knows what they're doing by your own admission, and you can't like you can't hate on them for that, because they have a wealth of their own information and they should be highly respected. Imagine so many of them because of this wealth of information, getting a call right, maybe noticing something in a micro market structure scenario that could lead to, let's call it a black swan event, i'm just making this a complete, complete hypothetical situation. Let's say that retail is so right because they've done another dd, they understand. What's going on they're calling wall street on their bullshit, let's say that they're right things get going and you support that because, hey, let's say, you're a mythological story about stealing from the rich and giving to the poor.

Now imagine that they're right they're right! It looks like they're very right and it's to the point that you now deem it that it's it's it's out of control, how right they are, so you just stop them. You're, like hey. We support you. We understand our name, we steal from the rich.

We give to the poor and we support you in your endeavor to research and be right about x, y and z, but you're not allowed to be too right, because if you're too right, that's not good for us. That's not good for our partners here on wall street such as citadel securities, so you're allowed to be right, but only to a certain degree and what we mean by that is. We don't give two flying fucks if you're right. We just want you to trade because we make money off of your volume, but you can't be too right because we don't have the right amount of capital at the depository clearing, corp and then they're going to margin, call us and we're going to have to stop.


You and we're going to take away the buy button, but don't worry we're still going to allow you to sell that is comical one of my biggest issues with robin hood and why i'm more harsh on robin hood compared to anyone else. I get it. I know many brokerages stop the training of amc, gme bb, no exp, many like kos, says like the list goes on and on and on. Why do i particularly have a vendetta against robin hood out of all of them? Why is this duck boy particularly angry at that one more than everyone else? It's because of this bullshit every other brokerage.

They don't come out and lie to your face. They don't try to blame it on you. They don't go one day, uh internally and say we have huge liquidity problems and then the very next day talk to andrew sorkin and be like nah there's, no liquidity problems, the other ones they took the issue on. They said this was a crazy event.

We didn't expect it sorry, we didn't have the right amount of money, we're taking care of it asap, you know what robinhood does they blame it on us? They blame it on everyone, but themselves and then months later they give us this bullshit of, like. I think it needs an attitude adjustment. Those are real people who do real research and they deserve their real gains like come on, that's so stupid, and then you might be questioning well, what's what's different about now like i know they want my business back and, of course, like they're they're, gluttonous, capitalistic assholes, Who just want my business because they're trying to line their own pockets because we just hemorrhaged over 1.3 billion dollars in the last quarter, but what's so different about now? That's a great question. Thank you for asking check this out so earlier this week.

We know that robin hood got hacked on monday. It got hacked which that really sucks to be kathy wood, who just loaded up on almost 500 000 shares. So on monday it got hacked that's when the news broke, but we have a little bit more details on this robin hood hackers access internal tool for removing account security features, screenshots show so the craziness right here is: they literally got access to an internal internal to Robin hood tool: that's how they all pulled it off. Here's the highlights of what you need to know that hackers, behind the recent breach of customer data for app-based broker robinhood, had access to an internal tool that presented them the option of tampering with user accounts, including removing specific users.


Multi-Factor authentication protections. Robinhood said that, based on its investigation, the hackers did not make any changes to any customers accounts, but, yes, they got a lot of data. On monday, robin hood announced that it had suffered a data breach in which hackers socially engineered a customer service representative to then gain access to the email addresses of more than 5 million customers, the full names of 2 million other customers and other data from a smaller Group of users, the hacker then tried to extort the company. Now i mean that still sucks, like hackers are assholes like i'm.

Not i'm not happy that this happened in robin hood because it impacts individual people who didn't deserve this, but look at that in which hackers socially engineered a customer service representative. They just basically had like they tricked a person. They like they tricked a customer service rep into giving them this internal tool. That's not like some crazy, mr robot level.

Hacking, that's just like their customer service representative was a ding-dong. This is a statement from robin hood. We also believe that, for a more limited number of people, approximately 310 in total additional personal information, including name date of birth and zip code, was exposed with a subset of approximately 10 customers. Having more extensive account, details revealed as in probably everything they're, so, like probably literally all their pertinent data was released.

We are in the process of making appropriate disclosures to affected people. So if you want to check this out, it got posted by vice and it's just the timing of it of let's go up. Let's save some face with the public. Let's tell the retail public that they're, smart they're great, nothing should ever happen because we know it's about to get dropped that we once again fumbled the ball.

This is the scenario i'm seeing with robin hood. Robin hood, in my personal estimation, has two very serious problems. Potentially more important is the pillar of their their social persona. People hate robin hood.

That's it you, it's no more! No less people are not happy to be on robin hood. People are not happy with how they're treated by robin hood. People are just they're, not happy. Being associated with robin hood, being its broker, the second pillar of like why i'm bearish is just the first one being social, and i get that okay.

Is that really going to drive it because you still have people like kathy wood who's buying it? The second part is actually just their business model sucks their last quarter, like i said they burned, 1.3 billion dollars before that they were kind of saved by doge a quarter before that they were saved by options, threading related to amc and gme, but because you know A company is not good when it needs some crazy event to keep every quarter afloat. Doge was crazy, amc jimmy first quarter. That was crazy. These were highly unexpected things and in the third quarter, nothing like that happened.


They didn't jump under the shiba enu train, so they didn't get money off of that. So now, when you have not, you can't bet on an insane crypto move and then other than that the payment from order flow equities, but particularly options. If that's not there, because it's being discussed by the sec chairman gary gensler payment for overflow folks was literally announced yesterday in the eu 2b ban, that's ridiculous! Their main form of income is on the chopping block. So when the public hates you and your inherent business model sucks, what is the bullish thesis? I do not get it whatsoever at a certain point.

I have a little bit of respect from robin hood, a modicum of respect. If you will, i like that, they brought a lot of people into the market. I do i do. I do.

I think it's cool that they came up with this commission free training and they got a lot of people interested in the market market. I think that's good, but what they just didn't improve. They did, they didn't stay agile, they didn't switch what they needed to when they needed to switch. The best analogy i can come up with is imagine if the wright brothers came up with that.

First, airplane and they're like this is it we are done, welcome to the world of air travel and air flight. No, you iterate. You get better um right here, robin hood's, just arguing that, like no like we're the wright brothers, we came up with the first one. Everyone should still love us for that, but in reality the wright brothers, like it's not the best analogy, because what robin hood gave us is now that we're finding out it's like a plane that the wings are on fire and it's painted with lead paint and we're.

Like oh, okay, it's sick that you figured out flight, but i'd rather not be on this particular aircraft. I don't understand anyone who is currently long on robin hood. It blows my mind, like i said we all make mistakes. Mistakes were made it's about to hit a new all-time low, just give it a couple days a couple weeks, but obviously i'm bearish on it bearish bearish bearish.

Those are my three words that relate to robin hood. What else do we have all right? Uh, amc, 3860. Gme 199 iwm hanging out at 237. I kind of want to bring the spy up uh we're getting this nice bounce tesla had a nice bounce which, like sucks for me, um, but it definitely ripped through this trend line, did was there some sort of announcement here? Tesla national transport safety board says preliminary report on september 13, 2021 coral gables crash shows maximum recorded speed was 90 miles per hour.


I don't know if that has anything to do with the stock, though we'll have to see. Maybe people are just buying in right now. On this one we'll see what they're doing all right, uh amc hanging out: 38 50 jimmy hanging out at 199. We have about uh half of half a power hour, going half a power hour to go uh aa, proposing to cell 53 bad for us.

For the time being, but maybe a better feature, putting the money to good use, also ribby and pop up like tesla so rivien, where is my rivian rivian started trading? So remember the ipo came in at 78, but it ended up opening at 106.35, which is what like a 36-ish percent jump and similar to coinbase right away, and this is what i was trying to tell everyone out literally this morning as there's a lot of enthusiasm At first and then it sells off and that's exactly what happened to rivien now rivian, it's actually currently worth more than both gm and ford um. This is a huge evaluation. It's a massive evaluation and i still like reviewing i'm not knocking on rivie and i'm just saying a lot of ipos have an incredible amount of excitement and that's basically what's happening um. This is exactly what we saw on coinbase.

This is exactly what i was explaining to everyone this morning of hey with an ipo there's excitement it generally trades a little bit too high, and then it can't sustain those elevated levels for too long uh. This one happened relatively rapidly. It started selling off after 15 minutes, but even now it's not too bad. I mean it almost hit 120 currently trading at 101, but for me, i'm still not touching it and i still like it like.

I want to buy it, i'm going to wait for like a dip. Um excuse me: i'm going to wait for a dip and then, when i finally see some demand, after probably more of a considerable dip, that's what i'm going to consider getting in i'm not knocking on it at all. I'm just trying to talk a little bit more about the psychology of these ipos and they just generally lead to a huge amount of enthusiasm, which means an elevated price that, from what i've seen anecdotally, cannot be sustained for that long. So rivien i mean, if you're in it.

I wish you the best of luck, but i have not created a position yet man, but that i mean 78 and it opens up at 106.. That's 35 plus man, that's crazy! What does it mean for the market? Amc and jamie with the whole evergrand situation. I don't think the evergrand situation really has um an impact on amc or jimmy whatsoever and like a loose impact on the overall market, but the evergrand situation seems to be pretty tied to like kind of just like its own world. At this point now that we have um - i i guess better understood, what's going on with it, i just don't think it really has an impact here anymore market had too much sangria shots on standby, for ripping.

I'm proud of you matt course follows me on twitter. Mr boule manga, your last drawn gap on amc, is way too big to the bottom border. Isn't it my last drawn gap on amc huh, i i'm unfamiliar uh. Your last drawn gap on amc is isn't way too big on the bottom border.


Isn't it i'm? I'm sorry i'm having a little bit of a. I just have this wedge, which it's kind of at support right now in the 38s, but there's additional support at 37.50ish um. I see some people talking uh like asking once again about the review dork situation. I i don't.

I can't tell people what to do, but in my own estimation i don't think it's smart to actively uh trade in and out of amc and gme uh. If you want to actively trade, maybe options and use that extra profit to build up your portfolio um to me, it's just too much risk uh. If you're here and there and you're making a couple extra percent you're like oh, i wrote it up two percent. I wrote it down two percent.

You made money, you made money, okay, great, but what happens if you're wrong and you miss it like it. I'm trying to come up with an analogy like what, if, like you're, running back and forth between rocket ships and like for whatever reason, you're trying to find a better rocket ship but like what. If, in one of the scenarios where you get off? And you don't have a position because you think you're playing it right. What? If that's when the rocket ship takes off, i i just see it to be too much risk for me.

I'm not here to tell you what to do with your money. But for me it's just so easy to sit on stock. I bought stock. I buy stock when i want to buy more once in a while, if you want to trade options, have at it but like for me.

I just sit on stock. It's easy out of sight out of mind. I i have the stock, it sits there cool. I move on with my day um, especially if you're, in this concept of like day trading and swing trading, there are way better stocks to day trade in swing trade.

Now, i'm not really the most supportive of day trading just because i think people underestimate the skill set that it takes to be successful in it, but in terms of swing trading, hey folks, the spy moves enough tesla moves enough, lucid moves enough. The cues iwm um. It's just in and out of amc and gme, in my own opinion, you're really playing with fire you're really playing with fire, especially because we know that these things get moving out of nowhere now, maybe you're absurdly lucky and you play it right and you're far better. At trading than i am, i congratulate you, okay, sick have at it.

I i just don't know it's not me it. I i perceive it to be too much risk um. But once again i trade my own account. I don't trade.

Anyone else's account we're all in charge of our own money. Uh tommy such if you're a bag holder of cei de whack, atr, clap your hands, thoughts on paypal, pypl, pypo, paypal, paypal, paypal, gap down on earnings. So my first instinct is paying attention to just the the consolidation right here, seeing if it can find support roughly in this region, we'll call it roughly 190 something like that and when it builds up momentum, then being interested in this gap film. I don't think paypal is going to go anywhere.


It's a very popular service um, but i still like wouldn't get into it, for this gap fill play until i actually see the man, i'm not in the game of trying to catch a falling knife uh. Why would people want to put their value into a fiat right now? After being told, inflation is severe shouldn't that be the opposite reaction. I mean i mean i, i don't think we're seeing the opposite reaction. Bitcoin hit an all-time high ethereum hit an all-time high, so i think people are hedging against inflation.

Uh, don't forget if you want to get crypto super super easy download, voyager. That's the code right above my head, matt21, you download it to your phone, it's good for every u.s state, besides new york um, if you're out, if you're in new york or if you just want a different one or if you're outside of the u.s check out Coinbase uh, that's in the description of the video check out gemiini, that's in the description of the video i use all three. I, like all three, i think voyager - has the best user experience the easiest ui uh, but i have to use all three just for different things here and there i use all three, i like all three but voyager. If you get it as soon as you, trade hundred dollars of ending crypto, you get a hundred.

An extra 25 of bitcoin uh. Here are all the coins. They have uh cardano algorand um, polka, dot, doge engine ethereum. Of course they have bitcoin mana, that's one! That's been going crazy, matic, aka polygon.

They have a lot of options. So as soon as you trade, a hundred dollars, you have to trade a hundred dollars of any crypto. You get an extra 25 of bitcoin credits to your account just so. Everyone knows i'm for weeks now i've been telling you how bullish i am on crypto and i'm remaining bullish, um money to be made not only in equities options, futures but also crypto, tesla dips to a gap.

Bill 911 amc falls to 35 and we ripped to all time hi i thought, can you look at amp coin? Chart please um dennis i actually kind of like that technical breakdown. I i could get on board with that uh now amp. I haven't seen in a bit amp uh. I don't know what this craziness is, but that's a tough technical read to me.

This looks like it has to be more of a fundamental play because the chart isn't looking like much really uh streaming, prog earnings. Unfortunately, i will, i don't, have the availability to stream that tonight i know truedemon on twitter tweeted out a youtube account that will be streaming it, but uh, i'm long on prog i like prog. I hope they crush earnings, i'm excited for it. I just don't.

Have the ability to stream it today, unfortunately, uh oh hey, mark advice got me fired, needs two weeks pay well as someone who has been bullish on amc among other securities in a large way. I feel the butcher's eyeing me wink false. I have no idea what i'm doing bulls bears battle star galactica pltr is bouncing also, you represent us. Well, captain good job on the pain show hey.


I appreciate that sergeant sergeant day. Aaron is selling 1.25 million worth of shares, uh yeah, but he said this in his like that was in the earnings announcement. He said folks don't be surprised when this comes out. He said he's gon na sell um he's still gon na keep two million he's not going under two million shares and he's selling it it's a 10b five one, as in it's planned far in advance.

It's never a specific day, and he also said that it's going to be sold over a period of three months, um, adam aaron selling, should not be surprising news to anyone. He has now told us over the past two earnings calls that he's 67 and for proper estate planning. He has to sell some of his stock. I this is not like breaking news to anyone.

What is this one? That's it. I'm selling the sell button and buying calls i'm flying spaghetti monster, kenny, loves lying and keeps buying ruggles chris uh social hacking is 90. 10 is actual malware. Well in this one, it was social hacking that took him out god to your thumbnail game.

Hey the thumbnail creator will be ecstatic to hear that you said that the deal with trey and review dork is nuts. We all need apes in this play. Apes cannot be acting like they do with politics, uh or the movement is over. Was there an additional development on top of that, or was it just before? I just thought: why is it i know? Did i miss something? Why is there so much drama? We have drama of people sharing their it's just opinions.

Folks, like some people want to actively trade other people think that, because they talked about a documentary that they should be in the documentary, what i don't know, i'm missing things. It seems like it's um, i don't think there's additional drama. Am i missing something also. Why are we even? Why am i spending time looking into it a guy who says we shouldn't be involved with drama here and then i'm trying to see trey said if you need to sell to take care of your physical or mental health, your family, your bills, etc, etc.

Please take care of yourself people first always different than trading. I see nothing wrong with that. If you need money to pay off stuff, hey you need that money then trauma drama drama. I have prague buy orders in building a wall like the knights watching the game of thrones for the night is dark and full of terrors uh thoughts on savin vroom.

I think saab is a very reasonable gap. He'll play up to like about 115ish. I don't know much about vroom off the top of my head: vroom vroom vroom vroom room vroom. It just hit an all-time low today, uh catching a falling knife.


I guess i had good earnings, but i would want to see a couple more days of demand before, like it literally just an all-time low. How do you know that's the lowest? It's going to go, amc down equals drama. It seems like that. But i don't know i i guess i have.

I don't know the best way to articulate this, but let me give a stab at it, not the world's best orator like it's. So i view this as one of the most insane opportunities for us to fix. Egregious issues in wall street, i i really do like the people. I've talked to about this that, like, like i'm talking people who have like made electronic markets, people who have phds in this subject, we were days away from everything going kaput wall street goes to put u.s economy goes, kaput, u.s economy goes complete.

Global economy goes to put that we were days away from that in january, with gamestop, literally a company that sells video games almost brought the world economy to its knees. That's what we're fighting to fix! They try to sweep that under the rug and be like nah. Don't worry about it, this is normal and they never fixed it, and i get it. I'm super happy.

I didn't have to make that decision. What i believe happened was robin hood citadel, the sec all got talking and they had two options. Their two options were: do we essentially steal from retail and stop the gains that they're about to make, or do we let the world collapse they had to pick between the lesser of two evils which, like i said, i'm very happy. I was not the person who had to make that call my issue, why i'm on this personal crusade of mine and why? I think many of you are on this crusade is because it was never fixed.

The exact same system that got us into that impossible decision is still there. It's still there in real time. We need to fix it. So when i think about it, that way of things could have like.

I don't think many people have like internalized the the fact that, like things were so close to getting utterly fucked like people are here and just like, oh, like they're spending drama and fighting like i want to be in the dock, i need to be in this Dock, i think you should be able to buy and sell you shouldn't, be able to buy and sell you're an ape. I'm an ape. This person like who gives a shit things were so messed up, and it's just i don't know you guys are getting me on a rant already, and it's just i feel like here in the moon gang and where my mind's at is like wow. This world was almost completely blindsided, and now people kill care more about social media and just stupid drama, like i my mind, is so disconnected from what i perceive the problems to be and what else is like going on like this is truly like an insane event That impacts the globe and then you have people like just arguing on twitter of like oh okay, like what like i i just it's to the point, and maybe i'm just so like i don't know, maybe i'm just so not connected to the people that, like i'm Just missing something i i just can't wrap my head around it like.


We have serious fish to fry here, people we are going up against wall street. We are going up against the fed. We are going up against congress. We are going up with the super powers of 2021 in the entire globe and then people they're, like ah i'm gon na fight on twitter.

Today, like i just i can't i've tried to like, i, i think growing up. I've noticed, like i'm 27 and i've noticed it early on i'm not the best at um empathizing, with little people with with other people, and ever since i was little ever since i was a little person. I always like. My mouth runs faster than like my phys.

My body can like physically back me up, and my mouth has gotten me in trouble like quite a few times in my life many many times, and usually i just say like what i want and i have like no concept of, like i don't know, bedside manner And where it's going to get me in trouble in my own life, but like i sit there and i try to empathize with people, and i try to see what's coming on and the fact that, like i will never ever be able to wrap my head around The fact that we almost saw the collapse of a financial system and people, like legitimately fucking care about who started a hashtag that is so warped. It's one of two things. The only way like and i've thought about this like way too much the only way we could get there is for one of two things: one, the people who think that they're in this fight and know what's going on, they don't get it like their brain has Not been wrapped around the events of what happened and where we're going, they don't get the landscape they're. Just they're like continuing to finger, paint or number two is that they're, the most narcissistic self-centered people ever that they feel like they have to get some dumb ass credentials of whatever i said this on reddit.

I said this on twitter. I said this on youtube and they care more about that and their own brand and their own accolations from strangers on the internet than they do with potentially like stopping a cataclysmic event, and with that i don't like putting that out there, because then i feel, like My tinfoil hat is on too tight. It's like oh whoa, like what does he mean cataclysmic event? Does he really believe that it does not make me comfortable to say it? I don't. I don't enjoy this feeling of like whoa like are you like? I almost feel like i'm not getting it and then i talk to people at iex.

I talk to people like dave lauer. I talk to people like marco hodis. I talk to other people who have literally said you cannot tell the world you've talked to me about this and, like dude, your assumptions. What you've been saying this is right.

Your community is right, like the ape nations. We are spot on, that shit is broken and then they're like uh. They like it, it's childish, it's i i just don't get it, i don't get it and then i get frustrated and i call them out and i call them stupid or i calm and nobody and then someone like gets mad at me and they're like you, can't Call someone stupid, you can't call someone to nobody. That's not nice, like apes, together, we're all fair in this like we're all equal in eight for an ape.


I don't think it's an eight for an eight folks, i'm being dead serious. If someone cares more about like something on twitter, that that that's not an ape for nate, an ape to me is someone who's like fighting to fix the egregious bullshit that we deal with that's lining the pockets of the elite and is like literally, the systems in Peril and we're sitting here trying to fix it. That's an ape, isn't innate in my mind, like innate, like all apes, being equal. No, if there's apes out there, who exclusively care about like what the fuck's going on in their own life and how they can make money in their social media.

I don't think that ape is as important as someone else out there. Who's like actually trying to fight for true market reform - and i know i'm gon na get shit. I'm already. I bet there's already 10 dms like.

Why would you say that of course we're all equal? No, some people are in this for clearly self-centered reasons, and i i think, if you're in it, for a self-centered reason and you're like an egotistical narcissistic like maniac, no, that to me, why would that be an equal ape to someone out there who's trying to like Learn and better their own financial situation and fight about what's going on fight wall street writing letters to governors trying to like get real reform and post like i started this hashtag, i just don't. I don't get it and i don't. I don't think i'll be able to understand it like i've spent so much time pondering it, and i just don't think it's going to come across uh. Don't ever stop being you, i've learned so much about the market from you keep on going on hey.

I appreciate that uh. This is a much-needed rant. People have forgotten the reason we are all here preach on brother. What's going on, jeremy man, i'm did i already get these dm's.

I bet the dms are like fuck, you matt um, and the funny thing is those type of people most likely do not have hardly anything, invest in the moment of themselves. I mean invest in like i. I guess i care more about the the time and the emotional investment more than the monetary, because, like we all come from different monetary backgrounds, different financial situations like to some people, a thousand dollars - might be all of their money that they could do it and they're All in and then to other people, a thousand dollars might be like pocket change, so like in terms of like investment in the amount amount, doesn't mean anything to me like they're financial, like it's not more or less than an ape. It's people who, like have put in the effort to learn about what's going on and like, are fighting for it beyond.


Just i see a lot of selfishness, i see a lot of selfishness and i see a lot of drama and i'm saying that from a point that i've gotten caught up in it, i'm not talking to you as a person who is like some robotic system of, Like okay, we care about the market, we care about the market, we're talking about the market. I damn well know i've gotten involved in it and every time i do it, i'm like that's stupid, that's a waste of time, the community's most likely not better off or men. I didn't learn anything. The other person didn't learn anything i i guess i'm trying to speak from a point of self reflection of.

I know i'm not perfect, i don't think anyone's perfect. I think we could all take lessons from various things and i'm i'm speaking from a point of i realize that i've previously been engaged in this bullshit and then i look back on it. I'm like that was a waste. It was a waste of my time and energy and effort.

It was a waste of everyone's time and energy and effort. And it's just it's drama. It's selfishness. It's stupid! It's it's just plain! It's that's as that's the per it's just stupid.

It's stupid! It's stupid! It's stupid, don't breathe. We are with you shout out sergeant marcus wilson, my god um lots of people posting charts that suggest amc within days of doing exactly what it did in june because of the nearly identical movement thoughts, uh thomas. They do that literally every every. Like couple weeks like it's always like, oh, like we've, seen that um people are trying to point out that similarity, i hope they're right, but i don't think it's unique this time around uh those who don't learn from history are doomed to repeat it.

In my opinion, master those who are willingfully ignorant aren't real apes. There are some people who said the same as you did in about the 2007 market crash. We're gon na see this time around. It's it's one of those things that, like people, don't really care about.

It if the event doesn't happen, it's more of like some bad event happens and then, like there's, everything like everyone blows up and talks about it. But when you narrowly escape a crazy event, then people they just don't care they're like oh yeah, crazy. That, like might have happened, and that's an interesting. It's an interesting thing to campaign with, when you're trying to talk to politicians about it because, like they treat you as if you're the crazy one, because, like it's, not a good narrative to be like.

Oh this, this could have happened like it was. This close, like generally uh, some of the best lessons, are learned from pain, especially when it comes to politics, so they they don't learn the lesson until things go truly awry right what they said. What are the little people gon na do to us part shooter uh blocked artie a long time ago because of his attitude towards women. So i don't know anything about this, but i i don't see why people need to get involved.


Uh sorry chat. All i understood from matt was total hey if that's the takeaway, if you're just gon na hold on hey, we'll count that as a win as a certain point marcus. That was a very generous super chat. I appreciate that what else we have uh amc gme, let's just close the market, we have about two minutes to go two minutes and 30 seconds.

Things are looking down red, let's just close this market early. I wish it could work like that, like if uh there was like a big vote system and if we all just voted closed it early and then you could bank that time and extend the market on good days. I think we should look into that. Tomorrow is veterans day marine corps birthday, semper, fi uh, so yes, uh early, happy veterans day to any veterans or active um.

Well, i guess you're, not technically a veteran if you're active but hey, i'm gon na be nice anyway. Uh shout out to the veteran shout out to all active military. The market is still open tomorrow, even though i believe it's a federal holiday, it is not a stock market holiday just so everyone knows normal market hours tomorrow, uh huge fan, your thesis is confusing.

12 thoughts on “Ep 140 stocks take a cut rivian ipo dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars Fabio Di Olivieri says:

    Does anybody know if they ever found out why GME sold for $5,124 back in Jan? Was it a coding issue related to fractional shares? Been following Matt for about 4 months so not sure if he mentioned it earlier in the year.

  2. Avataaar/Circle Created with python_avatars Brooke Berning says:

    <There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making prof!ts should be the way of lifeThat being said, the market is still all about BTC at the moment and Iโ€™ll advise current investors and newbies to take advantage of Lucas Bobbyโ€™s program, a pro trader who runs a training program for investors/newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 1.3btc to 7.8btc in just 5 weeks. You can reach him on TโŠถEโŠถLโŠถEโŠถGโŠถRโŠถAโŠถM (@ Lucsbobby), ..

  3. Avataaar/Circle Created with python_avatars Kimberly Sauly says:

    At first, I thought Mr Scott Huffman was just another scam like all the other fake traders Iโ€™ve used before. I had heard of him before but I was a little bit sceptical. Finally, I decided to give him a try and ever since, my trading journey has been nothing short of exceptional

  4. Avataaar/Circle Created with python_avatars Jen Banana says:

    Matty Scissorhands is hot!

  5. Avataaar/Circle Created with python_avatars Christine Willis says:

    Good for you Matt. Stay true to yourself. It resonates. It is also great to agree to disagree. That's what you have done with your channel. I have grown and developed my stocks and crypto knowledge because of you and Trey. Before I joined – I bought amc – and called them my 'conscience stocks'. All other stocks are long term hodling. Now I call my 'conscience stocks' – my digital salute to Wall St.

  6. Avataaar/Circle Created with python_avatars Monty Pollard says:

    So glad I closed my ROBBING the HOOD account…

  7. Avataaar/Circle Created with python_avatars Crypto_News says:

    I enjoyed your video, I'm actually tired of worrying about stocks and stuffs… it's driving me nuts these days, I think cryptocurrency investment is far better than stocks

  8. Avataaar/Circle Created with python_avatars Serdo says:

    "The best time to plant a tree was 20 years ago and the next best time is now" I consider this to be best motivational quote I've heard in a very long time. But motivational quotes are useless if you don't practice what you preach*

  9. Avataaar/Circle Created with python_avatars Mark Thomas says:

    <Most people think… Investing in crypto is all about buying coin and leaving it to rise, ๐Ÿ˜€ ๐Ÿ˜€ common it takes much analysis to be a successful crypto trader, i trade with Bobby Lucas, his skills set is exceptional. I was able to make 9 BTC with his program over the past few weeks.>>๐Ÿ™Œ๐Ÿป

  10. Avataaar/Circle Created with python_avatars Sam Adams says:

    isnt it just a silly coincidence that every time AMC looks strong and bullish and on the uptrend, the feds pop out with something to induce selling whether real or short selling? my tin foil hat isn't to tight i promise. just do yourself a favor and look back at all the times AMC popped up to 45 then 55 then 45 again, each time the feds say something, matches up with the headlines. these crooked politicians have money with these hedge funds and its in their interest that AMC goes down

  11. Avataaar/Circle Created with python_avatars Spank Nanners (The Ape) says:

    ๐Ÿ’Ž๐Ÿ™Œ

  12. Avataaar/Circle Created with python_avatars juiceda6 says:

    Is AA selling shares?

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