APES vs SNAKES: AMC, LCID & PROG 🐸🐸🐸
(AMC, GME, PROG, LCID, RIVN, TSLA, BTC & ETH)
Dumb Money w/ Matt Ep. 149
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If you call, if you call if so so, hello, hello, hello man this this house a little bit difficult, i love it. I love it. I love it. I love it moon gang, let's get after it today, let's get after it today.

What is going on with this microphone? Look at all those frogs in chat. It's going to be a fun day. It's going to be an absolutely great day. I mean hey if you decided to take that little leap of faith here on prong you're, already up an additional 20 in pre-market, currently trading at 583.

The pre-market at one point was as high as 640.. Hey if you like it, congratulations if you're in it. If you, if it's not the play for you, that's okay, there's thousands of other equities, there's thousands of other cryptos hey. If you're making money, congratulations, no one's a gatekeeper here! No one's saying you can't trade! This! You can't trade that, for me, i'm gon na get a little bit more into this, like to kind of give you a rundown of really what's going on with prague.

But for me i think it's an undervalued company, and on top of that i think it's being abusively shorted if you're in amc and gme, i think it's one, two or potentially three things: one. You want to make money cool, you, don't really care about market manipulation or anything like that. If you want to make money, that's fine! Well, hey prag's, making money if you're in it exclusively for market manipulation, well, prague's being abusively shorted. The short interest is around 30.

The ftds are sky high, it's on the threshold list. Why is it being abusively shorted? Well, it's trying to disrupt a very important subset of the medical industry and obviously the profiteers of the current system. Don't want that to happen. They don't want the status quo to change, because it's how they're currently making money.

So it makes sense to me that they're trying to stymie that from happening. So, if you're in it for just wanting to make money well, prog is up 20 in pre-market. If you're in it for market manipulation, it is being abusively shorted if you're in it, for a combination of the two well right there. It has both of those.

Now, with that being said, if you just don't want to trade it because you don't want to trade it, and you have better things to do. That's cool. That is completely cool. If you do want to trade it because you like making money, you like fighting back against abusive shorts, do you like fighting back against um, an absurd amount of ftds or something along those lines? Hey, do your research do not get into it because i am in it.

Please please please, please, please, please do your own dd, what i'm telling you is not to buy not to sell anything like that. Am i in prague. Yes, i have stock. I have call options.

Am i still in amc? Am i still in jimmy? Yes? Yes, yes, i am in no way recommending that people somehow get out of their amc, gme or any other stock, any other crypto. If you still like that play, if you like that play, you should stick in it. It timing the market of like okay. I like this, but i need some money i'm going to get in this one and then hop back.
That is incredibly incredibly difficult, incredibly difficult in my own past have i tried to like hop from like one trade, like maybe i like tesla right now, but i need some money for this play hopping back and forth. It can work out yes, but there's a lot of luck involved into that. So my personal recommendation on that one is, if you like a play, you stick with that play. You don't run to another one in the meantime, while you're waiting for a different one to pan out that's what you use your free capital for once again, these are my own opinions, i'm not in charge of your account.

You do what's best for you, you do. What's best for your family and seriously, i wish you the best of luck, but before we get into the specifics of an individual equity uh, anything like that. Let me give you a quick rundown of like what's going on from like the higher level political government market. Today, wall street looks steady after more retail earnings.

Near record closes. So yes, yes, yes, yes, so yesterday we almost hit a new all-time high in the overall market. The s p 500 tracked by this etf s, py etf exchange, traded fund. Think of it as a basket, and this one happens to be a basket of 500 of the biggest companies in the us, but the all-time high right now is 470.65.

I mean all time as in all-time all-time, not just like, since the pandemic era. This is literally the highest the market's ever been november, 5th 2021. We were very close to hitting it. Yesterday we hit 470 49, so we were off by 16 cents this morning.

We're opening up a little bit lower uh, which i do find surprising, because target and lowe's and home depot and walmart all recently had their earnings announcement, their earnings report and they all did very well uh to me. That's kind of flexing the the strength of retail morale right now, which, in an inflationary environment, it's nice to see that the retail spending the average people like you and myself are still out there and confident with what's going on. So that's a little bit of a positive development there in the tech, heavy nasdaq 100, this one's actually um. I can't say gapping up it's up by ascent uh, but recently also hit a high and then the russell 2000.

This has kind of been the trend that we've seen over the past. I don't know year year and a half that it's doing well, but it does seem to be lagging behind the tech sector and the overall market. This is much more of the small cap and the reason we talk about iwm, this particular etf is because amc happens to be the largest equity represented in this basket of stocks um. So, overall, the market very close to all-time highs, spy cues, iwm uh.

We are pushing new highs, just so, everyone knows across the board and in terms of crypto we might as well talk about it right now. Btc coming down off of its high etherium coming down, loopring kind of holding sheep still doing its thing. This is a host of, i think, little problems that are adding up. Obviously, china, reiterating that they're still cracking down on it.
We have u.s regulations, we have u.s taxes and, as i'm going to talk about in a second right here, uh india uh to ban crypto as payment method but regulate uh as asset. The government plans to present a crypto regulation bill in the parliament winter session. Details of which are being finalized, the bill appears to have changed course from the earlier plans to ban crypto in the country so from what it could have been it's better than how bad it could have been, but still they're banning it as a payment. So that's something to consider, and obviously india is a huge market.

So if they're doing something related to crypto, it's important to pay attention to it in general, i do think this bit. Dip in crypto will be bought. Bitcoin crowd appears high on opium as by the dip trends. That's the main thing i just wanted to get across right here previously, when we've seen sell-offs mainly related to commentary from china, it happens and then it takes a couple days a couple weeks and we end up coming back to where the levels we were at before Him this is not new commentary in any form whatsoever whatsoever from china, they're continually saying kind of negative things related to crypto.

This is not a new statement and i'm just trying to get that out there for anyone who is new to the world of crypto crypto trading and the insanity related to it. Speaking of kind of, i guess, the reports from lowe's home depot walmart uh target. We are in that weird period where, like how strong is the economy, things are ripping higher and higher and people are continually asking the question about inflation, and it is important because of that to really talk about some of these important reports that we get from the Government and this one relates to housing and housing is interesting to comment on just because it's been insane over the past year. Housing starts slipped.

Nearly one percent falling short of expectations, u.s home builders start con started constructions on homes at a seasonally, adjusted rate of 1.52 million in october. The pace of permitting for new housing units increased in october, permitting for new homes occurred at a seasonally adjusted rate of 1.65. So basically new construction, 1.52 million and then the permits 1.65. The expectations was 1.63 for permits and then the other one was 1.58, so building permits 1.58 and then the building 1.63.

So yes, housing was short of expectations and maybe that's what the s p 500. Is. I guess pricing in right now. Essentially this came out at 8 30 this morning.

Just so everyone knows, but it wasn't off by that much so that's going on, we talked about lows. Beating we talked about lowes was beating, target was beating, walmart was beating, home depot was beating so four of the very important like retail reports, of how those companies are doing all beat on expectations in terms of other reports coming out after the market closes. Today we have nvidia and cisco. I know a lot of people are paying attention to nvidia and tomorrow, before the market opens, we have alibaba jd, macy's and kohl's.
So alibaba and jd it'll be interesting to see the tech sector, especially in china and then macy's and kohl's, maybe not as indicative as target walmart home depot lowe's, but still nice to get kind of a little sentiment of. What's going on in retail spending. Moving on bond yields, stay elevated had a key housing data. We already went over the key housing data slightly below expectations, biden to toward gm electric vehicle plant to sell infrastructure spending.

That's pretty much exactly what you need to know about it. Ev startup, lucid stock market value, blows past ford. We need to take a quick second to talk about, what's going on in the insanity of eevee, so of course you have the top dog tesla. Currently has a market cap of over one trillion dollars right below that you have.

Toyota, has a market cap around 240 250 billion and then number three in the world, the world's all automakers i'm not. This is the entire list of automakers. It goes tesla. It goes.

Toyota, three is the new kid on the block rivian. This is absolutely insane now. A lot of you might be saying: well matt. Why is it insane well uh? Let me give you some stats and figures.

As of october, the end of october riven has delivered 156 vehicles, i'm not saying 156, 000 billion million anything 156. That's how many it's essentially a pre-revenue company. It really doesn't have a revenue which is just absolute hilarity, that is the third biggest buy market cap market cap of around 150 billion dollars from the close yesterday number three number: four is volkswagen, which has delivered 10 million vehicles, has a revenue of 300 billion dollars. That's number four: a company that's delivered.

156 vehicles is now more valuable than a company that delivers 10 million volkswagen coming in at number four that stuff. That's insane like. If you can't appreciate the comedy in that scenario, a company that's delivered, not even 200 vehicles is the third biggest based on market cap. Uh, that's insane! Now! If we go down the line, there are other ones.

So it used to be the new kid on the block you have lucid. I have been time and time again calling out this gap. Phil 56. I think we're still on par to get that currently has a market cap of 90 billion.

That's actually outpacing ford right now. Ford uh has a market cap of 80 billion, which we all know ford and then the other one that people commonly talk about that biden's about to be meeting with. We have gm, which is slightly below ford uh. Sorry, it's slightly below lucid, lucid about 91.92 billion gm about 90 91 billion um, so the insanity in automakers, specifically ev automakers right now, man, oh man, this stuff is absolutely nuts uh bask in the chaos.
Does it make sense? No does it have to make sense? Absolutely not, i just hope, if you're choosing to dip your toe in this pool of insanity, please have a reasonable trading plan. Do i think that this insanity can continue forever and ever and ever no, but does that mean that you shouldn't be making money on it? In the short term, no, that's that's why you're engaging in the market is obviously to make some money uh. So i just wanted to give you some of those facts that right now rivian it's going to be a fun watch, just the fact that it's it's doing so absurdly well number three in auto making. So, overall, that's the general setup i have for you today and i i'm uh, i'm kind of assuming a lot of you are in here right now, just because of the insanity of prague, but before we get into a quick breakdown just so, everyone feels a little Bit more comfortable about the situation of prague, let me give you this rundown of amc and jimmy first amc fake out breakout.

Yesterday, we similarly had a fake out breakout on november 8th. We are attempting to get out of this wedge that we've ever had since basically mid-june today. If we get above around the low 43s 43s, if we close above 43.50, you know we closed above this wedge. We got above it yesterday.

Unfortunately, we got smackdown at the clear resistance of 4430 4440, something like that. We are looking for the break and hold above it. Amc had excitement yesterday, unfortunately, as we got to market close there, it just didn't hold people started selling whether it was them getting out of their long positions or new shorts entering the game. We're not really gon na know selling is selling.

It inherently looks the same, but this is the technical setup on amc. I, like the momentum, it's green, it's abiding by this bottom trendline we're looking for the push through in terms of the numbers. The estimated short interest is just below 16 utilization. 80 shares on loan.

91 million. What i wanted to bring up right now is i'm seeing some people who are using things such as fintel or i'm trying to think of the other data source. I borrow desk and there's one more, maybe stoncotracker, trying to point out that there's not many shares left to short on amc. There is remember when you're using things such as iborodesk fintel, stonco tracker, it's using one, singular data source and that's getting it from uh, interactive brokers.

Remember there's many other brokers out there. So if you're using one it's accurate, but it's only it's not the full picture. It's a little glimpse of the overall picture utilization. The fact that it's at 80, we have 20 more percent to go - tells me there's about 18 to 20, more million shares that could be somewhat easily shorted on amc right now, if you're talking to the proper broker, and at that point we're not even really talking About market makers right now, amc is not hard to borrow um with the data and the data sources that people are using.
It is accurate to that data source, but please understand it's not the full picture. There's about 18 million shares of amc that could go out on loan against amc pretty much today uh, so i just saw a little bit of that on twitter and i just wanted to do my best to like explain what's going on there in terms of jimmy. So jimmy from a technical perspective is looking solid, would love for it to get above and close above 210. I love the fact that it's above 200 would love to see this breakout.

Oh, let's say 225-ish. The only thing that i'm not too happy with right now on jimmy love, the technicals, but the volume is very low. Uh there's not much excitement whether we're waiting for further development on the nft marketplace, maybe commentary from ryan cohen, maybe something from loopring. Yesterday, loopring shot up for a little second there uh because they were tweeting out things that were kind of rhetoric from the gamestop community.

So to me, that's strengthening the fact that loopering is doing the development for gamestop, and i think this is an absurdly intelligent. Smart decision from both leadership teams, i want it to work out. I think it's smart, but the enthusiasm is not yet pouring over into gamestop's price action. We're seeing the excitement in loop rings price action, but not yet it's just low volume, but we know like it can turn on a dime folks.

So we just have to wait: be patient uh, i'm looking at the levels of 200, 210 and 225. in terms of the ortex numbers. The estimated short interest is 8.8 percent utilization, 31 shares on loan, 6.4 million and obviously for amc and gme. We will check on those throughout the day now, let's talk about prog pro genity, the thing that is making a lot of people money and it's also making a lot of people jealous uh jealousy, is obviously a very, very ugly color, but people are currently falling victim To it currently currently just below six dollars just below man, this thing so freaking, incredibly strong, six dollars is an important level.

If we are fortunate enough today that prague can get above that you're talking the sevens, i'm trying to map out some levels right now, but geez louise prague is looking so freaking good. I mean, i guess you could watch 650. You could watch 720. Ah man.

This thing is just looking so phenomenally good. So if you don't know about prague p-r-o-g, the company is progenity they're in the pharmaceutical biotech world uh. The main things that they're dealing with is preeclampsia gastrointestinal health oral biotherapeutics. It is a pharma biotech medical supplies, type of a play.
The reason i'm particularly interested in this is twofold fold number one. I think it's just fundamentally undervalued, gastrointestinal health oral biotherapeutics. So if we just take one pillar of the business check this out in october, it received a patent. This patent right here, um - if these are the fancy numbers - are the company's drug device, delivery versions for whatever this is i'm not even gon na z zelzans.

I probably shouldn't even try to pronounce it, but i want to focus on humera so back in october, it got a patent for this delivery system for related to the world of humera. This is incredibly important. Why is that important once again october 5th, you can check out the patents yourself. Why, right here from just a pure fundamental standpoint, we are talking about one of the business pillars.

This uh abb a b v e abby v. This is like a publicly traded stock that you could check out. This is the revenue from humera itself. Look it 2018 1920 we're talking just under 20 billion dollars.

This company progenity is looking to upset a huge subset of the medical industry: 20 billion 20 billion 20 billion right now, progenity. If you look at it market, cap of 640 million with an m and it's attempting to disrupt this industry and that's just a little subsect of its entire business, one of the business pillars, so what you need to know about it, humira very common uh, it's injected The the people, its patients, the the consumers of humera, have to physically inject it into themselves. Well with progenity, it's now in the delivery system that they have the patent, for it allows for uh an oral method which i'm assuming people don't want to inject themselves. They would rather just take an oral method.

It obviously seems about a lot better. So right there, if you're, trying to argue the fundamental aspect, i think progenity in my own assumption is fundamentally undervalued because it's valued at 600 million dollars and to me when you're disrupting a 20 billion a year industry hey, you should probably be valued a little bit More and to me, that's important to note that it's only one pillar of its business, it does have other things in the flames there. It has other aspects that it's working on, so why is it being shorted? So if we look at some of the data here, we have a short interest. Estimated short interest is 27 well to me that it's not the craziest thing, because the profiteers of the current system would not want this to be successful because they're profiting off of the current system.

So why would they want anything to change? To me? That's what represents the 27 short interest? The shares on loan 36 million utilization 99.9 percent cost to borrow 64. These numbers are high. It has the makings for a short squeeze. It does.
Is that going to happen? No, i can't guarantee anything. I'm wearing a frog hat on a stream yelling at a camera. In my basement, i can't guarantee squat, let's be a little bit realistic about the situation, but i, like the odds of this situation. The final thing i want to point out here is ftds prague.

Once again, i believe we are on day 20. We are on day 21. It has been on this threshold list for quite a while. What does that mean for people who need to know about threshold lists failure to delivers? It means, even though, on october 29th, we know that there's six million, it means that the ftds have been continuing forward.

We know that a type of ftd is naked shorting. There are various other types of fails to deliver, but at the end of the day, these should not be happening really, especially to this degree, it means someone is not delivering on the promise, whether they don't have the cash or they don't have the stock. A lot of the times it means they don't have the stock, and it tells me something potentially elicit is going on in the background i think progenity. This is my own assumption.

Please do your own dd on it. I think it's being abused because they someone out there does not want this company to be successful because it represents a risk to some other company or some other entity's bottom line. Maybe i'm right, maybe i'm wrong, but to me it's starting to add up and because of that i think they've been caught. I think people on digital communities throughout the interwebs have caught what's currently going on in progenity.

They see the short interest. They see that the company is fundamentally undervalued and to a lot of people. It has the the writing on the wall that this company is being abused and someone is trying to stymie its progress. So because of that, i feel like i have a decent understanding.

What's going on, there are people out there who have a far better understanding of the current situation, but i'm taking the bet that there's enough people who have realized at least similar things to what i'm currently articulating and they're, saying no way jose we're buying this thing. We're putting the pressure on the shorts now obviously do not buy this stock off of my little monologue right here. Please please, please, please do your own dd do your own research. Maybe i'm wrong! I don't want anyone to making a decision off what someone in a frog had is screaming at their camera.

You got. Maybe this is a starting point. Look into the company look into the patents check out. Humera see.

What's going on with the ftds check out the information from ortex all these ftds, the short interest, all that information you got to look at it, i'm just trying to present the data for you, but you need to come to your own conclusion because at the end Of the day, if you're putting money on the line, it's your money, you got ta, be responsible for your own financial decisions. I am definitely not the arbiter of your financial decisions, but to be completely transparent. I own stock. I own calls.
I want this company to go sky high. I think it's fundamentally undervalued, so i'm happy to have my position regardless if it squeezes cool, that's a bonus i'll. Take my money i'll write it up i'll, lock it in i'll, wait for it to cool off and i'll reinvest, because i think it's undervalued, the entire concept of it being also a squeeze candidate is just it's a kicker in this situation. This has been brought to my attention from my discord shout out to wall street viking shout out to true demon.

They brought it to my attention about four to six weeks ago. That's when i first created my position. I've been lightly talking about it, but now that enough people are starting to realize the insanity of the situation and they're fighting back. It's obviously worthwhile to speak about uh.

To be specifically clear. Am i in any way campaigning that people should get out of their other place that they're like to get up to get prague? No, i used free capital that i had in my account to get prague. I would never ever say try to time the market of getting out of a different place that you like to get in this play. I think that's a poor methodology.

Let's get ready, let me switch over to the one minute and then i'll answer some of your questions. Uh. We have to watch lucid and rivian today as well. Just because insanity could you never know it's just the market? What was it, what did ken griffin say that it's looking frothy yeah the market is looking pretty freaking frothy uh prague is giving me sprt vibes uh, i would say i'm getting similar vibes as well, but remember use sprt as a lesson it didn't hold there.

Like. You at a certain point when things go crazy, don't get too greedy with it. You have to have your training plan. I've refused to trade this, but i love to trade in that uh tons of respect.

For your perspective, too many people turning trades into colt lake followings nowadays i agree with that. The to me, if we're going to get into the world of tribalism and cultism the the tr, the tribe, the cult should be about market reform, not the successor and or failure of an individual equity. That's silly, the tribe. The cult should be surrounding fixing the downfalls of the market, not an individual stock that that's silly borderline collusion morning duck lord.

Could you check out g-o-e-v on ortex, please it's my preference over lcid in the sector, gratzon prog and ev tendees apes. All right! Let me write that down. We have two minutes until the market opens. You want to check out g-o-e-v on ortex g-o-e-v vortex got it uh ty becoming a space ape um.

Oh your four month anniversary. Actually, i've been looking for seasonal trades in traveling and tourism. Pre-Covered plus the ban being lifted on international travel in the us for vacs good entry points in the sector thoughts. So i guess i would need to know like what etf or equity you're, particularly looking at to like have a more fruitful discussion.
Maddie ice last night rant was absolutely epic and needed the ape community and so said so well said thanks. I applaud you hey. I appreciate that. I really appreciate that.

Thank you. So i took a certain amount of money and invested it in 10. Newer cryptos in hopes bitcoin repeated, may happen long term. Of course, any major suggestions that aren't fomo based not find it new newer.

I mean it depends on newer um. My crypto portfolio is mainly bitcoin and ethereum. I have cardano solana, algorithm um v chain, hex doge, sheep, i think and litecoin those are all the cryptos. I'm personally invested in right now and i have some nfts roberto tesla.

What's tesla doing, tesla tesla we'll have to see the open, but i believe it's gapping up. I wish you all the best today so happy to see the excitement in here rooting for any stock that any of you may be in. What's going on occam's phaser good morning matt, can you take a look at ggpi? I bought some push yesterday over in gap fill on the daily. As always.

Thank you g-g-p-i-g-g-p. I got that written down any more news regarding atr and naked shorting. Not yet i haven't heard anything ding ding ding, the casino is open. Hi mark happy birthday about 600 shares of prague on tuesday.

I did humor injections for two years and it cost me thousands per dose game changer about to buy back. My product covered calls haha. Thanks frog, slash duck guy, what's going on king magnetic miss stream yesterday. So sorry, if you already addressed this, what are your thoughts on marco, honest, nft suggestion for amc? I think it's a good idea.

Uh. I have some technical questions related to the air drop of how we could pull it off, but conceptually, if just trying to track all ownership. I think that's smart, but there are hurdles, technical hurdles that have to be overcome to figure out like if this can be properly pulled off away and crews, i believe, are both newish away and cruise away and cruise with a z, got it quick input on opening Up after the pandemic in europe, we're about to hit a fourth wave lots of eu shutting down again wouldn't mess around with travel airlines interesting. So some, i guess somewhat negative news coming out of the people listening from eu.

I guess they're running into a fourth wave and there might be an additional shutdown there, all right, tesla up. What's the spy gon na do spy down a little bit, uh rivian! So lucid and rivian going a little red amc and prague going green uh once again, gme we're just it's just we're not seeing volume uh. Let me know if gme gets going, but it hasn't even traded. 50 000 shares.
Unfortunately, all right all right all right reviewing is there a frog. I need a frog. This kind of looks like a frog right for today. Can we just pretend that this is a frog if you're new to the channel? This is some secret stuff.

I teach people about the market, it all relates to emojis and the proper emoji trading. Now some of you might be thinking whoa that doesn't make sense. Why would emojis help or hinder a stock like that that that doesn't connect um? My response to all of you who might think that emojis don't impact the movement of a stock. Why would they give us emojis then think about it? Why would emojis be an option if it doesn't help or hinder a stock like? Obviously, it's meant to be used, so let's just think about it a little bit there and do i have some insight to hedge funds.

Of course i know that hedge funds use these things day in and day out day in and day out. If you walk into any hedge fund right now, you're going to see a bunch of charts with a bunch of emojis borderline guarantee it borderline guarantee it. Your last video shows why you are here and how much you care. I see it in your eyes and hear it in your voice, keep growing we're all welcome to passion and perspective.

Believe in you shout out. I appreciate that stuart. Thank you for the support hey. I know a lot of people agreed with it.

I know a lot of people disagree with my statement and it's just how i feel so if people disagree with it, i appreciate to the sport to this point and if you don't agree with it any longer, if you don't want to support me, i appreciate the Support you've given - and i i hope you find a creator that really resonates with you, but i at a certain point. You have to be truthful to your brand and my brand is calling out crazy things that happen in the market. My brand is calling out plays that i think, are interesting and speaking my mind. My brand is not sitting here and saying this is what amc is at.

This is what jamie's at i speak about amc and jimi, because i think they were abused. It's that simple, but that doesn't mean that there aren't other equities that are abused it's. I am not beholden to exclusively speaking about two individual equities uh. We this whole time.

I've been speaking about multiple ones. All right. We got to get this frog working uh cheers to the best emoji user on this side of the mississippi, thanks for covering, what's trending in the markets, happy to aaron your trip, love you what's going on jason, duckler g, o e v or text. Please - and this is uh a big bet all right.

Let me pull up ortex over here on g o e v. Amc is move and move and moving move and move and moving g o e v short interest of 28 percent cost to borrow 3.5 percent utilization 90 shares on loan 37 million estimated okay yeah, so go ev looks like it's swinging back around uh has some interesting Numbers for sure remember on the daily chart of amc. The number we're watching is it tapped the top line, but it would be really nice to get above 44 and a half uh 43 and a half it's nice. That means we're out of the wedge.
It's where we're at right now we are pushing a big daily breakout region watching this 44 and a half 43 and a half this entire thing. Uh we're we're pushing we're, pushing we're, pushing we're, pushing got that rocket, going rivian going red, potentially not the third biggest automaker anymore, uh jimmy getting a little bit of a swing here, low volume but 210. Nonetheless, if it can hold above 210, definitely interested in watching 225 on gme, we got to get this auto scaling in here. Maybe maybe the issue on prague is that we don't have a big enough, a big enough head all stock lives matter except robin hood.

Island boys is on cmc and pumping uh ducklord. All right. We did g-o-e-v amc moving gme moving prague. I mean prague's green on the day, it's up 14, but the intraday it went up to 620, currently at 550, let's see where a base could hopefully be formed soon.

All right amc is on that move, so we got over the first one, the first important level. The next important level 44 and a half - that's the next key technical breakout, lucid bending back around how's the overall market, doing a little bit red queues, selling off iwm kind of selling off there all right. Let's see if amc can hold this, that's a key level right. There 43 and a half gme pushing gme above 210 is very nice above 210.

There is some hiccups around 215, but i think if we get above that region, we could talk about 225. morning looks like mark cahotes handed gasparino his own ass love. You all! Let's get that money. What's going on kinky kong, i like that all stock lives matter, except for robin hood.

Didn't robin hood hit a new all-time low? I believe, let's check in on hood this. I think it's a new all-time low. Yes, it did yesterday yesterday robin hood hit a new all-time low, wow rivian, giving back some of them games, lucid house tesla, all right, amc still looking good, which is interesting. Then we need to bring up iwm here interesting.

You don't see this divergence too often when amc is doing very very well and iwm is actually having kind of an opposite day uh not too often. Do you see that? Let me see, let me see what my prog is doing. I didn't check on it. I kind of wish i checked on it right at open uh, so my prague calls for december are currently up 125, the ones that were purchased literally yesterday, if only i bet a lot more money, if only if only coulda woulda shoulda coulda woulda shoulda, all right.

All right all right, all right, iwm going down, but amc looking strong interesting day, very, very interesting, uh, lock it in and roll it to amc uh. I will, but i'm not going to lock it in now. Well, no way would i lock it in now. There's still so many shorts that are getting burned actively on prague, kinky in the house, hey matt, subaru guy nice profit on prague out at 580.
Stop-Loss hit bought 30 gme with the 6400 profit. My my this safe have asset. Go apes shout out man, congratulations! Locking! In at 580., nice, nice, nice, congratulations look at that rolling it over into a core one. At gamestop.

Congratulations! 6400! Not a bad day's work! 6K! Just like that! That's amazing! Just for playing a a game on the computer, not a bad deal donating a kidney to buy more product based on your dd, i highly recommend you do not do that whatsoever whatsoever based on my dd, not a not a, not the best move. Today is wednesday, wednesday, all right, let's see how this actually plays out. Things are moving today, all right, all right. All right.

I just got some lottos on prague just to see what happens small small position whenever you hear lotto, you should think hey very, very small bet, because most of the time lottos do not pay off uh. Whenever i do a lotto bet, i think it's best to think of it as like: okay, yeah you're, probably gon na end up losing this money um so lottos, especially for options that are about to expire. I bought options for, like this friday um you pretty much have to assume that there's like a high statistical chance that money's gon na go bust. That's why it's small, very, very small, um and the reason for that is uh when you're playing such a short term out of the money call just the odds of it hitting are so low, uh and uh.

If it does hit, you make a good percentage return, but it's just so incredibly high risk. It is not for everyone, you got ta, be careful with it. You got to be careful with it and one way to really control. Your risk is just to take a small bet: hedgie's, officially infiltrated the dating apps convo on my twitter trey's spit senior advisor, told me to send my amc.

Good laugh: go, read the combo all right i'll check that out drake when you're wedding anniversary this weekend. Weiss is gon na be stoked. I got her prog shares because the duck kid in the frog hat likes the stock, just so lucid with 120 profit straight into amc. Now those who shame others plays can stfu my reusable toilet paper just got in now.

I can save more and buy more amc all right. We have we're getting. I love how amc's holding right now 43 and a half we're holding that um. Of course we have to watch 44 key psychological level.

Let me make this green, maybe that's going to help but 44 and a half is so incredibly important, 44 and a half woohoo prague getting going prague getting going all right, all right, all right, amc, having a great day jimi having a great day prague, having a Great day, maybe not the overall market, but hey three of the things we're watching are having a great day. I guess we could check out the queues, they're kind of flat iwm this might get turning around but hey. I don't think many of you are actively trading. These things you're trading - probably these three things here: let's throw up, is rivien still going red, giving back some of this rivien reality might be.
Finally, setting in on rivien, let's see um, it's kind of the game of. Is it going to get above 158 or below 154? Those are the levels i would watch on. Rivian uh chaos ensues if it keeps pushing up, reality might come knocking if it goes below 154. I'd watch this being range bound: hey young man, hi from mexico city.

We watch a show, looks like amc getting to the mo s soon. We need we have a thousand shares at 45. Can you look at ggpi ggpi? Let me write that down. Congratulations on your position looks like we're about to come pick you up pick you up.

Pick you up if your lotto play ends up in the money, make sure you exercise into stock. Also happy birthday, i there's not enough capital in the account to exercise, so i would just have to sell and then buy the shares that i can buy. Uh matt. My rule of thumb, i sit on my hands for the first 15 minutes matt.

Also, let's toss out a lot of play 12 minutes in and see what happens. So the reason i did it is like that 15 minute thing is: i just waited for this weakness and i bought on this strength bar right here, so it was actually a little bit or no. No, let me see what time it went through. It might have been this bar um.

I was waiting for that early morning of people who are just so stoked they're like oh i'll, take my money i'll, take my money and then i wanted to see the newest demand. Um yeah, sometimes you're, going to break your rules most of the time when you break your rules, you're going to end up paying money. But today i broke this rule on prague and i would call it a half-break rule uh just because i think that time can be helpful and who knows. Maybe this is it and i get bit in the ass, but with some insanity like this, i kind of waited for that weakness and then, when i saw a little bit of strength, i got in with the wrist basically just being 540 on the newest lotto play The but the shares man, the shares, i'm so far away from my entry on the share is that i'm just i'm sitting comfortable uh lots of rightfully earned profit taking on prague, good entry point, if you consider hopping on board new higher ups ties with pfizer, interesting Thoughts on staples centers read it change to crypto.com.

I just read that this morning that uh staples center - i guess now the the naming rights was sold to crypto.com uh, crazy, crazy, crazy, crazy. I never those things are expensive to get the naming rights to any professional. In arena it costs a lot of money and i've always just like it's such a weird flex like who's ever been like. You know what, because i saw the name of the arena like i'm gon na know now go buy that product like.
I really wonder if buying those naming rights like is actually a solid business move, because to me it seems just a little bit more braggadocious like it's just like how could that relate to like more income like who's ever been to, like the like mercedes, like the Benz arena is like: i need to go, buy a mercedes right now, because i just saw a football game yeah, it's like brand recognition, but it's just like it was expensive. I think it was like 700 million dollars, you think, 700 million. If they did that in another form of advertising, it would be like money better spent. It's i get that it's brand exposure, it's just very expensive brand exposure.

It does! Okay, if it does it's like. Hey man, i hope one day, i'm in the position to decide. If i want to buy a 700 million dollar naming rights to an arena, the the the coors ape arena - that'd be i'd, be stoked. I i'm just.

I i'm just voicing my interest and i want to know like what the conversion really is. Have you been watching cei? Not really cei had concerned me for various reasons, it seemed like kind of pump and dumpy um. There was a pretty scathing short interest, uh or like a short report coming out about it, and then the people who were supporting cei were not able to disprove it uh, so cei uh. I found to be concerning, and i like stayed away from it.

I never traded it very concerning that. The people who were supportive of it were not able to debunk the short report, and you would think that if it was an erroneous short report, they would have been able to very quickly debunk it. What kind of range are you looking at getting out of prague? Happy birthday, i threw you an extra five, hey john. I appreciate that uh getting out.

I i don't have a price level like that. I've found especially using uh amc's previous moves, gme's previous moves and sprts and d-wax all of those like just when you get these insane types of moves. I find it easiest to just ride the trend uh. I don't particularly have like a hardcore price target in mind.

It's just if the trends intact, i'm gon na, be in the play. Uh matt are there matt? There are rumors that ken griffin wants to talk with you in an interview. The only condition is that both of you use a thong on it. That is, i don't know how those rumors got out, but that is true, uh, currently in so ridiculous.

Currently, in discussions with ken i was like hey, let's do an interview and then his pr team got back to me he's like yeah, but we both have to wear thongs like that's weird but hey you got to do some crazy things for content. I live my whole life in la when you're driving the freeways you can't stop in the arena when you're sitting in the parking lots. I mean freeways, that's a good point, so a lot of people might be like. What's it called crypto.com, i feel like the a lot of the advertising like the success of it might come from like the actual name.
Switch of people are like what's crypto.com, because even now, we're talking about crypto.com and the amount of people who don't know about it are probably googling crypto.com. So sometimes i i feel as if, like the actual announcement is like the thing that really like brings in business morning. Matt haven't heard you talk about chair lately. Hopefully you didn't replace it flip my prog profits into amc.

Congratulations, sean nope, still same old, chair supporting me day. One five dollars for the thong fun me and my four-year-old drew are home today in day five of quarantine. He loves your hat. Can you give him a rivet? It will make us a uh shout out.

I what's going on drew file for you drew hey. What's going on buddy, i hope you're feeling good. I hope you bounce back very very quickly. I hope you have a fun day there and uh.

Thank you for uh complimenting my hat. What's going on a space safe and training, hey everyone, if you can, we have a four-year-old who's currently in quarantine. If you guys could all say, hi drew uh in the chats here, just so uh we we can show that off to him. Make sure drew knows that he's with a lot of people who are supporting them, happy birthday, max, mark matt, aka thick course.

We all appreciate your insight and passion for the markets. You make me proud to be an ape. What's going on, look at that drew, i hope, you're having a good one rivien. Finally, i guess reality is catching up a little bit to it.

If we can't be an ape, if we have a spread, not just amc, then we be a spider monkey, because we all jacked up on mountain too, what's going on uh sndl rumored to have been above a dollar by 1122 or it'll, be dis. De-Listed share repurchase program 1119 thoughts on short-term play, um sndl, so i haven't been tracking like the d-listing unlisting um. I know about sndl, because so many people ask me about it. Um just a little bit like i'm, not saying i'm an expert on it or anything.

I just think when it comes to the marinara industry, it makes most sense to me to play the ones, the biggest ones, with the most name, recognition with tilray being number one and canopy growth company being number two uh sndl is about like a fifth of the Size so i mean, i think, that entire industry we're just waiting for federal development, federal progression for basically the legalization of marinara, so with it i think, they're all going to benefit, but in terms of risk reward, i have found that it's most beneficial to bet on The biggest ones, with the most name, recognition, which would not be essential, it would be tillery, then followed by a cgc or if you just want to play the entire sector, you could play etf, such as mj. What's this thing called the stock? I'm here for the rants that prog sell-off or an attack, i mean, i think it's a lot of people who saw this gap up it's up. 14. It's not it's! It's not really a sell-off! It's up! 14 uh! It's coming down from this high, but it's up a huge percentage right now, um, it's! I think it's people realizing like shorter term traders, whether day, traders probably not day, traders, probably short term swing - traders realizing profits, but i don't find it to be bothersome just because i i think the play is bigger than the minutia of an intraday movement.
I think it's some of these shorts are like actually screwed. My wife just walked in the office and said what the f is matt wearing, and i said i said straight face: it's the frogcast, because amc's feeling froggy she looked at me like i'm mad and walked out as if, what's going on paul glad to see you Still have the same hat on what's going on phoenix matt kors has six nipples sell the rumor by the news. There's the smoothie king arena in new orleans mc is the ultimate distraction to prague, high joking lfg, amc and prague. What's going on josh any difference between selling calls and buying shares or exercising calls pretty deep in the money anything to be aware of taxes exercising? I don't think that exercising is a taxable event, because you're just converting the contract from the basically you're converting the contract.

You're, following through on it saying giving me the stock between selling calls and buying shares or exercising calls, if you exercise calls you're getting the fill at the strike price of opposed to the current price, so that might help you with your average there um, if you, If you sell the call for a profit and then buy shares selling a call would be a taxable event um to my understanding. Obviously you have to like talk to a cpa, a tax professional about that one. But if you realize the profit of an options position, that's a taxable event. I don't believe converting the option straight into stock is a taxable event, but that's something you need to like check and double check and triple check.

Leftover pizza cut up into bite-sized pizzas, whip up a few eggs. Wait. What is this recipe? Please, water, make pizza eggs, pizza, eggs are a thing i need to know more. I know you pro prefer toray, but thoughts on snail with approved buyback of 100 million starting.

The 19th must get good compliance by the 22nd. So when a company is buying back, that's most of the time, a positive development, because, if they're willing to buy back it's kind of signaling to the public that they think they're being undervalued by the public, that's most of the time. This one might be just a play to make sure that they're just not going to get de-listed, so i'd have to look a little bit more into it. But when i hear buyback generally, i think bullish breakfast nachos are a thing.

Interesting. Look at all these great food options. We have oh whoa, whoa whoa. What's my take on quantum scape qs um, it's an eevee play a little bit of an upstream play.
It's i think it's a good company. I've looked a little bit into their their leadership team. It's backed by volkswagen, it's backed by bill gates, uh. They had some weird, like basically document filing stuff at the end of the year december, start of the year january, that caused the stock to really sell off, and it seems to try to be recovering from it.

I think it's undervalued, but with that being said, i think there's still better. Ev plays i'm like in terms of just the volatility and the movement. Of course you have rivium uh tesla's, always moving lucid uh. I, like quantum scape, i just think there's better plays.

I think there's better risk reward. Setups prague, dilution, rumors uh. I don't know what the rumors are, can prog be deluded. Yes, there is authorized shares uh, so if they want to, they could announce that.

I think it would be really really silly, especially to do that when there's rumors of like it being acquired or a partnership uh from a business perspective, i don't think they would want to dilute their own stock at this moment in time. Could it happen? Yes would it would be, i think it would be a net negative though to the company and to the leader - and i think the leadership team knows that um, so that is a risk of the current situation. Uh, it's fair for everyone to know that there is a risk like yes, the way gamestop was diluted. The way amc was diluted that can happen in progenity.

I just can't really come up with a reason of why the i guess powers at prague would want to follow through on that uh pro or someone said: crypto whoa crypto's still a little bit weak uh. I have not bought the dip yet, but i still have. I fully have plans on doing it, i'm just watching it i'm seeing if the dip is going to continue to dip. I'm basically waiting for that, like first sign of real strength and then i'll probably buy up more crypto.

Did you mention that the ceo bought two million shares two days ago? Sorry, if it's repetitive, but if it's important ceo wants to hold equals bueno. I believe that they only have three million left to dulut right now, anyway, according to demon, okay. So even that's small uh, i mean it's still a considerable well there's prague prog has a free float about 80 million, so if they do dilute by 13 million, i mean that's over 12 15 dilution like that's something to consider uh and based on free float uh. I don't know if insiders would buy it because then you're talking about the outstanding shares, which is closer to about 100 50 160 million um, so it can happen.

I'm just trying to be honest and straight up of the scenario. Could it happen? Yes, mathematically? Would it be that detrimental, i don't see it, but what would be more detrimental are just the headlines associated with it, but also what we've previously seen with amc and gme is on the announcement of an at the market offering it gets hit. It stays red and then on the announcement that the at the market offering is completed the stock shoots up. I don't have any reason to think that if prague does go down this path, which once again it is not like certain that they're even going to do it, but if they do do it, i don't see why it would deviate from a similar pattern that we've Previously seen on amc and gme, and also, if you're, diluting by 13 million, can i just point out that the volume on prague today 30 minutes into the day has been 77 million.
If you give it another half hour, we're literally gon na be 10x. The volume of what the potential dilution is uh, so, just to give you that's why i'm saying like mathematically it wouldn't be that impactful i mean we've traded 77 million and we're talking about 13 million. Would you pick franklin chair or cheez-it arena, probably cheese, it arena. Just because that would be absurd and i would hope that jesus would help me foot the bill all right.

We have a perfect wedge going on right now. Let's see if this is just going to break to the north side or break to the south side, but the end of the wedge is technically 1007. If you're on this minute chart looks like amc is consolidating, but can you go over some more prices to buy in at um, so i am watching just if you can hold this breakout. Uh 4230 is important.

42, like between the high 41s and the low 42s. Is the closest major region of support? We have a breakout of this trend line at roughly 43 like 15-ish, but also we're watching 43 and a half. We are just looking for this breakout to hold before we've had a fake-out breakout, we've had a fake-out breakout.

11 thoughts on “Ep 149 apes vs snakes: amc, gme, prog tsla dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars Mike Dopslaff says:

    Reeeeeeeeeeeeeeeeeeeeee

  2. Avataaar/Circle Created with python_avatars Karimson Safehold says:

    This emoji stuff is their consciousness magick. Like titanic

  3. Avataaar/Circle Created with python_avatars t rizzle says:

    Sellout

  4. Avataaar/Circle Created with python_avatars OverallComedy69 says:

    No way you’re making money off of amc bro

  5. Avataaar/Circle Created with python_avatars takta saeedi says:

    Let’s go PROG πŸΈπŸ’šπŸ”₯πŸš€

  6. Avataaar/Circle Created with python_avatars Joseph Raymond Annecelli says:

    I bet he has great frog legs

  7. Avataaar/Circle Created with python_avatars Chris Roberts says:

    loving the new music in the morning its got a good beat

  8. Avataaar/Circle Created with python_avatars Richmond says:

    Prog is not even in the most active trades in the cnbc website. Main stream media bias! Go PROG!

  9. Avataaar/Circle Created with python_avatars GEORGE OZBURN says:

    🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸🐸

  10. Avataaar/Circle Created with python_avatars Your Virtual Banker says:

    PROGπŸΈπŸΈπŸΈπŸΈπŸ€‘πŸ€‘πŸ€‘πŸ€‘

  11. Avataaar/Circle Created with python_avatars Kawasaki Kryptonite says:

    PROG TO THE MOON πŸš€πŸš€πŸΈ

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