Electrifying Market Moves
AMC, GME, LCID, NVDA, TSLA, BTC, ETH, SOL & SHIB
Dumb Money w/ Matt Ep. 190
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Hello, hello, hello. It is wednesday december 22nd 21, making it a palindrome of a day, one two, two two two one, that's some exciting stuff, especially for all my math nerds out there it's these types of days that we obviously revel in, but today it's not gon na be about Those fancy palindromes it's going to be about the markets. Hopefully, fingers crossed the electrifying markets. You know there are a fair amount of things to kind of go over, so i think we should just hop right into it.

So, first of all, you're going to see that the futures are red. This am the dow, the s p, the nasdaq oil's a little bit flat there and then the yields kind of doing their thing. But let's give you a quick recap of yesterday: it was a beaut of a day very weird day. If you look at it, it basically sold off and then at 10 30 everything just started, ripping ripping ripping and then, at the end of the day, there's a little bit of a hiccup but still overall, very very green.

The s p, 500 up 1.8 percent, the nasdaq 100 up 2.2 and the russell 2000 up 2.9. Those types of gains are incredibly abnormal: 2, almost 3 across the board on all of them that that's very, very impressive and we're going to kind of get into. Why and what happened there? So, let's just get right into it! Wall street looks steady after breaking a three-day losing streak, and a lot of this overall had to do with concerns related to the unicorn variant right now. Around 75-ish percent of the newest cases in the us-related toronto do directly relate to the unicorn everyone's.

Turning into a little bit of a unicorn and yesterday whether the speech got leaked early or not, whenever there's big unknowns are we going to have restrictions? Are there going to be lockdowns? The market doesn't like that. So that's best. What describes the days leading up until yesterday, but then something someone knew something or a lot of people started, feeling really really confident at 10 30 because heading into the president's speech at 2 30, where he basically said things that calm the markets down. Overall, a beautiful green day, a beautiful green day, so what you need to know from the highest level is coming out of that speech, and just so you know he's going to have another speech today about supply chain issues.

We've talked about this before with basically tapping on fedex, walmart and ups to assist with some of the supply chain, issues that we're particularly seeing at ports, but also it's not just there. It is throughout the u.s there's an amazing multi-hundred percent increase in the amount of times on earnings announcements that they are actually saying supply chain issues on all. These calls for many many important companies, but anyway yesterday he had one all about rona and the quick takeaway from that is the highlight, like the the the secret sauce and the entire speech was basically that they're going to be sending out 500 million with an m At home, test um starting, hopefully in january, a lot of public officials are starting to point out. Why was this not done like way way long ago, these, like coveted rapid tests, but hey, hopefully like better late than never type of a situation? On top of that, they are erecting various pop-up centers throughout the us to get tested and also to for people to get vaccines, and also they are deploying about a thousand military personnel to assist with potential blockages and bottleneck issues at some of the nation's biggest hospitals.
The key of all this, though, is basically not only here in the u.s, but also it seems to be kind of, like the president also set over in the uk, is not really looking for additional lockdowns and obviously that is music to many people's ears. They don't want additional lockdowns and i don't really blame them. Um. Yes, some countries are, i think, like france is no longer uh, it's blocked by the uk, japan, no tourism, netherlands, is locked down.

The nhl isn't sending a u.s team to the olympics. There are various things that are impactful on, maybe not such a national level, but in terms of a national lockdown in the u.s seems like it's not gon na happen and hey. I don't blame you. This is a report that just came out.

Americans are tired of covid, and the official response to unicorn has only created more frustration. This has been since march of 2020, so uh i i don't think this is a crazy psychological response, like i think it was that first that fear, and then this and now it's just like pure frustration. Many people just wish like come on. Let's, let's you wish you could you wish you could just flip the switch, and everyone be done with this right now, with the newest variant kind of ripping through you're hearing a lot of these things uh in response to okay, like should we get booster? Should we not get boosters what age group should get boosters, so a lot of confusion, a lot of frustration, but hopefully, hopefully knock on wood.

This will be done very soon. Hopefully i don't know. Maybe i'm trying to just be a little bit optimistic here, but when the entire globe has been battling something for over a year and a half since march of 2020., you know i i was talking with some friends last night i just missed the days. I missed the days of when it was two weeks to flatten the curve.

I miss those days where they're, like you know what, let's all just chill out for two weeks and get over this thing. If only it were that simple, but a little bit of some positive here, fda expected to authorize pfizer and merc coveted pills this week, and that would help with people, especially who are protected, like potentially amino commodore immunocompromised excuse me haven't had my coffee yet today, immunocompromised And maybe are at greater risk of really like suffering from like the symptoms might have like a severe reaction. So this is thought these pills to really really help with that. So that is some definitely some positive updates right there for you uh.
Once again, that was a big talk. Yesterday really helped with the overall markets. People like the fact that there's kind of removing that unknown of will we or won't we shut down again, but today we're going to hear more about supply chain, stuff. Moving on tech firms, bail on the consumer, electronics show in las vegas delta airline lines, lobby cdc over quarantines.

So basically it is still apparently happening on january 5th to the 8th, but amazon meta twitter pinterest are all pulling out of that. Uh employer must face worker suit over husbands cover death. This is kind of an interesting legal development uh, and if you want to dive more into that, i just found it because i'm like okay, how does it work when, like an employee gets it? Their spouse dies who's, covering who uh kind of an interesting situation there, but maybe, if you find similar interest in it, you might want to dive more into it kind of a unique legal development of how it relates to this entire world of people. Unfortunately, passing away uh because of their spouse, who got it from work, musk says he sold enough stock slams over taxation in california, tesla ceo elon musk, said he unloaded enough stock to reach his plan to sell 10 of his shares in the world's most valuable car Company now the reason i'm talking about it right now is because tesla's up an additional 3.5.

As i'm saying this live but check this out so currently up 3.4 3.5. Right now, in the pre-market after ceo elon musk said he has now sold enough stock to reach his goal settling 10 of his shares. Over that time, however, musk has actually increased his holdings in tesla due to his exercising of options. So you have this weird scenario where initially he just had to sell stock to be able to pay taxes and then he's getting more stock anyway.

So through this entire debacle of him continually breaking the internet of fighting with various senator senators and political figures. Out of all of this, it's just like a little. I guess it's a weird game of moving money and equity from here to there to do this. To do this, but at the end he has actually increased his holdings in tesla because of options, and he was selling his other stock to payoff options.

The system is so convoluted and so stupid that this type of stuff happens wild wild wild. But yes, he sold that 10 and that's 11 billion 11 billion. With a b. He is about to pay the most taxes ever paid by an individual in the history of time, 11 billion musk is giving over to the government.

Let's hope that they don't all spend it in one place. Speaking of rich people doing things. Wealthiest americans tracked by bloomberg have unloaded 42.9 billion in stock this year, through start of december, more than double the 20.2 billion they sold in all of 2020.. Now, in reality, this number that discrepancy of about 20 billion it's far less, because a lot of it is literally like contributed directly to elon.
So if you took elon's numbers out of there it would still be a lot, but the the discrepancy wouldn't be so large and it's kind of interesting. So i think there's a couple of things going on here. First of all, over the past two years you you've had quite a run in the s p. 500.

The accused the russell like the overall equities market in the past 24 months is up a considerable amount. So it's not the most surprising thing that even the world's wealthiest americans want to lock in some of these gains, especially when there's a lot of murmurs and discussions about an increase in taxes next year. So i think a lot of people uh these in terms of the wealthiest americans, are looking at the scenario of we've already been pretty lucky that the market continued to like basically get pushed to kingdom come during a pandemic. We have beautiful gains over the past 24 months and we think that they're going to increase taxes to me.

This isn't especially, and then, when you discount, like elon himself, who like really contributed to the this jump of over 20 million uh to me, this is just kind of like well yeah that that kind of makes sense here, um, i don't think, there's anything like too Insane about it, but what i do find insane is what's happening over in turkey. The turkish lira swings wildly as the president's big gamble continues. So if this has been kind of making news, i haven't been covering it too much, but it is important and i definitely think it's kind of representative of sometimes you have countries that their currency goes completely to put and the lear has not gone put. But it's down quite a bit.

They are definitely battling a massive inflation situation day over day, their local currencies being seriously devalued and they're attempting to do things that some economists think maybe it's going to work out and then other ones are like uh. This is not a good situation. Historically, when you've seen the likes of el salvador or greece a lot of people from that country, because obviously they don't want to lose the value of their money. They end up just converting it directly over to crypto they'd, rather keep it in crypto, viewing that as a safer, safe haven for their money, rather than their country's local currency, uh crazy, craziest situation.

Honestly, there could probably be a full day stream on just like this. Entire, like debacle but crazy stuff um, may be worthwhile to look into, especially if you're trying to track crypto. Speaking of just like interesting things going on, i came across this exclusive poll. Americans want government action on tech, so you can see some of the questions and the percentages, so the government should be doing more to protect privacy.
81 said yeah, they are being targeted online by advertisers. 78 big tech companies are too big. 75. There should be public oversight and use of algorithms 71.

We are dependent on smartphones 56., so i thought those were interesting, but for the thousands of you in here right now the question i have for you maybe a little bit higher level - and i know where i stand on this especially like this has been my life. My involvement in tech and machine learning and data science - i want to know for all of you, and i don't mean this rhetorically like just thumbs up thumbs down. I guess we could do a poll. Let me set up a poll as i'm writing this.

Let me know: do you think big tech is doing something illegal with our data, yes or no, so overall, do you think big tech in america is doing something straight up already illegal with our data, whether it's targeting or just generically something sus, or do you think It's more so of like yeah they're doing that, but i think it's currently above above board like it's. Maybe we need to rewrite the laws uh. Let me post this poll to all of you here, so i think we're all in agreement that, like it's sketchy, but i'm saying, do you think our current laws are actually outlawing that or do you think that we actually need to rewrite the laws? I think we're all pretty much in agreement that they're doing something pretty like sketchy with our data in from in forms of their targeting, and all that i think like we're all pretty much there and if you're not there, maybe that's a whole different conversation. It's more of do you think that we have the proper laws written right now or we need to write an entire new host of laws to properly battle this, which i think, maybe a little bit make sure it sucks.

But i'm saying like death, the current laws. That's like, i guess, the main point, and while we're letting some of that um fi, like kind of come in uh, speaking of just sus stuff, coinbase, ceo brian armstrong is sued for allegedly stealing blockchain startups work so coinbase coin, that's the ticker uh, probably the it Is the biggest exchange right now trading on a public market for crypto blockchain accelerator mouse belt labs filed a complaint in california's supreme court friday, alleging that in june 2019, armstrong offered to invest in knowledger a platform used to distribute scientific papers with tokens offered as an Incentive so he could use confidential information for research hub a similar platform. He was working on an eliminated knowledger as a competitor. It probably happened.

I don't know i'm not a lawyer, i wasn't there, but it just seems like this is the type of i guess shady stuff that goes down in the background when talking, especially about like tech startups and like taking out like the amount of companies facebook has taken Out the amount of companies amazon has taken out of like they find them when they're, basically in their infancy, they're like well, they might be a competition to us, so let's just completely crush them now and like shelf the tech just so we never after have to Worry about it that stuff happens way more than you would ever like to possibly imagine the amount of amazing applications and just cool tech developments that we will never ever know of or hear about just because someone absolutely demolished it at the start before it even like. Could get its legs under it? That stuff happens quite a bit, so maybe potentially, if this story gets out of hand, could have an impact on coin coin, base uh coin on the equities market. So just wanted to share that with you and speaking of a little bit of crypto and we'll cover it more in the crypto show: hey. We launched the first moon gang nft ever yesterday, um if you go to open c and then just go to the coors light collection, ain't snow rest for the wicked.
If you are the owner of this, i myself don't really get nfts that have no utility associated with it. So whoever ends up holding this like the final winner and then if they choose to sell it or whatever but whoever's currently holding it, will get free access to the discord and will perpetually have a 20 discount off the moon gang merch website. So you always will be in the discord and you will always have a 20 off discount. Whoever ends up owning it uh.

It was listed at 69.69 and the current bid is up to 85.68 and i guess, if i'm being honest, that's well, that's actually quite a steal. I mean three months of discord is 90 and then, if or you could just buy a lot of merch and already save 20. I think it's quite a steal right now, but if you want it, if you're interested in it, it's the first nft, a lot of people were messing around yesterday, saying hey, make an nft with the amazing work by my artist to make these thumbnails, and i don't Know i just like the title of this particular one. Now, let's talk about some of these stonk stonk stonks, all right.

First of all, just so you know for amc the short interest. It came down a little bit about 0.8. It went from 20 to 19.2 and then game stops also. This is actually down even a little bit less this one's at 16.75, so still amc and jamie considerably high.

It's just like a little bit of a downturn from yesterday to today. Just so, everyone knows um for the s p 500. Looking strong yesterday down a little bit right now kind of like coasting just below the close from yesterday. Honestly, today, i'm still pretty excited, i mean i'm seeing apple in the green, i'm seeing tesla in the green gamestop amc.

They had an exciting open. Yesterday they were volatile and then they just really weren't. Moving too much gamestop had very low volume, 1.4 mil just not really doing anything, and then even amc was on its lower side. It was at 46 47 mil yesterday, but its average 10-day volume was 68 69, so both amc and jimmy they had good days.
They were in the green amc gained. Two percent and gamestop was up 0.6. So hey it's a green day. You can't complain at all both green.

I like that but uh they just after the morning session. They kind of lost their volatility. So hopefully we get some excitement. Excuse me all right um.

So yesterday they had nice movement in the morning and then, after that they actually became like super super boring to watch. So hopefully there's some action there. Hopefully, what is going on in my throat folks do i have the rona i freaking hope not what's going on. I feel like i've been battling this thing for like two or three weeks now it sucks all right back at it.

Crypto overall had a really really nice push in bitcoin from basically 46 000, all the way up to 49.5, taking a little bit of a breather right now. But it's exactly that just like a little bit of a breather, a nice shoot up and a basis. So, let's see if this can turn right back around ethereum, pretty much similar action uh. I would have preferred that it stayed above 4000.

It just didn't really have it in it. Quite yet so lana looking great beautiful bounce off of 147 triple topping at 188. Let's see if we can get enough momentum and push through that loop ring with the announcement of their counter factual, wallets yesterday, basically small car, smart contract wallets that are decoupled, so pretty cool tech going on there and to my understanding of the situation, it kind of Puts the ball in gamestop's court right now in reference to their nft marketplace, it seems like the tech is kind of where it needs to be on loopering side and i'm assuming that they're, just probably working on the integration. That type of stuff can obviously take.

Quite a while on gamestop like this engineering stuff doesn't happen overnight, but they are clearly clearly getting closer and i think it's just a matter of time before we're hearing an announcement between from gamestop of the partnership with loopring and hopefully the successful launch of the nft Marketplace: rcat just got a government contract. What do you think about this new drone company? I don't know much about it off the top of my head. I could take a look at the chart um, so it's gapping up 19 based on this contract. Before this, the chart has not been looking that good at all redcat holdings um.

So maybe this will really like, i guess, prompt or promote a change of trend, but this is kind of an ugly looking chart like literally all year, it's just kind of been coming down. It just made an almost no. It made a new yearly low. Yesterday um.

I would want to see buyers actually stepping in i would want to see if this holds i'm not just going to arbitrarily chase this gap up on the news, i don't know really how fundamentally solid this company is, how lucrative that contract is. Overall, i think drones are a good space to be in. I just don't know if this is the one. I would particularly pick all right what other questions we have.
We have we're giving you guys back quite a bit of time today, uh 9. 21. So you guys have about eight minutes. Can i check asts a-s-t-s-a-s-d-s ascs uh a wireless com um it's at support right now it very much you want this to hold eight support support, so your risk is reasonable.

Maybe you could see some demand pop in and then just risk roughly. I don't know 790 that eight dollar mark and akd um nakd is up, apparently a thousand percent. Oh no! No! It's not it's because of the split they're doing a one for 15 split uh. So it's not up that much it's! They did.

Uh looks like a reverse split uh, which is actually kind of nuts yeah. So this percentage is inaccurate. It's a reverse 1 for 15 split, so basically for every 15 shares you owned. Yesterday, you now own one share today.

Overall, i've not really been a fan of nakd um. I just think it got caught up in january when a lot of people were just buying highly shorted stocks, but this seemed to be a pretty weird company and ever since then they never got momentum. They made weird business actions. I i just don't like its fundamentals like whatsoever and now that they're doing these reverse splits, that's a little bit weird um.

I know there's some murmurs of potentially uh in acquisition, which maybe you can get out, but i just don't really like the chart like if it breaks down from where this is support, support support, support, support, it's add, support if it breaks it could just continue to Fall, but it's definitely not up a thousand percent today, it's just the reverse split, and for those of you who are curious about what a reverse split is um, it is the equivalent of taking five one dollar bills and converting it into one five dollar bill. Okay and people are saying that the acquisition was approved, so i wonder if the acquisition has something to do like they needed to do that with the split. There might be some like dealings in there, but i know there were the murmurs of the acquisition. People are telling me that it was approved.

Um nakd is still not my type of play if you're in it. Obviously i don't want you to lose money like i hope you crush it. It's just not my style whatsoever, but anyway, a reverse split is the same as taking five one dollar bills and putting it into one five dollar bills. So the overall market cap, the total money you have the market cap - is not changed.

It's just the amount of shares, or in this case the amount of bills and then a normal stock split is taking like a five dollar bill and putting it into one five dollar bill or five one dollar bills. So you always have the same amount of value of market cap, but you change the amount of bills. I.E you changed. The amount of shares elon can make a deal with the apes.
He dumps a billion in tax money into amc. The squeeze happens. We all buy tesla with gains win win. I like that honored to be part of the moon gang matt mark max you're, the best merry christmas shout out: cam, hey cap guy, if gme opens in nft marketplace, does that scream nft dividend inbound to you walked into my coffee shop? I'm a cap guy too! Now shout out miles, nft dividend inbound.

No, i don't think it would scream that to me um, because you can have an nft like you. Don't have to have your own marketplace. It's just similar to like the way we were looking at open, c, um gamestop. In reality, like will have their own ability to buy and sell.

I think it's a good business decision. I don't think it's really indicative of paying out dividends in nfts. It might happen, but i would um not be like right away. I wouldn't be like that.

Confident about it, i'm excited about it because i believe in the world of like the metaverse and nfts and i think, with game stops following there's a lot of people who will go out of their way to use that marketplace to buy and sell nfts. And then, when you're doing that, obviously they're collecting some transaction fees. So i think it's just strengthening the business but shout out to miles for being a cap guy. Merry christmas and happy holidays to the ape nation.

Best wishes and wishes for the best health shout out. Rob that's very kind of you same to you, man, um, don't forget today. December 22nd is the drop of the new matrix movie, the matrix, i believe, resurrection. It's the fourth one in the uh series of the matrix.

It will hit hbo max and theaters today. So hopefully, hopefully, hopefully, hopefully there is some awesome write-ups basically from tomorrow until including the weekend, so i'm hoping on monday, we have another cool story of like hey matrix did well in the box office. Now i am i in any way expecting it to be at the competitive level of spider-man no way home. No, no.

I view this as kind of like a cherry on top situation. Hey every million dollars more in revenue for amc is a win, so i'm just hoping that it's a pretty solid performing movie and obviously with keanu and the matrix is well known um. I think it could do that. I really really do.

I don't think it'll be fully competitive with spider-man no way home, but i think it has an opportunity to perform well all right. Let me end this poll, i'm curious um, how many of you are planning on going to see matrix, not on hbo. Obviously, i'm saying particularly in theaters, particularly in theaters, let me know, and also the poll came in and poll - looks like 87 of people think that, based on how law is 88 percent based on how laws are currently written, 88 think that it's already illegal what they're Doing and that we don't necessarily need new laws interesting and we have a decent amount of people going to see matrix at amc. Going going.
Couple knows interesting, interesting, interesting, all right. Let's get this rocking! Oh before that bell goes ding ding ding, i would uh. It would be. Awesome awesome awesome awesome if we could hit a thousand likes we're at 924.

924. There's 6k of you in here. We basically need 65, more people. 65.

That's it! I would ask 65 of you beautiful apes to destroy that like button. That would be great. It's always nice. It's always nice to start off the day with 1k likes before that, before the casino even goes ding ding ding, all right, all right, all right.

All right! Tesla we did that looks like gamestop is gon na have another low volume day, another low volume day. Oh look at that. We popped up to 1.5. You guys uh destroyed.

It is fidelity working for other people. Just so you know, aws is having some problems. This morning i was looking at down. Detector looks like we are fully rocking on rumble and it looks like the twitch is working well right.

Now uh shout out to everyone on twitch shout out to everyone on rumble and obviously shout out to everyone on youtube, but if you're having weird issues with certain apps or websites today, aws, if aws is the one serving it, you might be having some problems all Right did you see upside down head and shoulders forming on amc daily daily, daily, daily, daily amc daily, hang on ding ding ding, ding, ding, ding ding. The casino is open all right, i'll check that out in a quick second um. I was seeing it definitely on a shorter time frame so, like maybe i don't know the two or four hours, so we might be looking at the same structure. So probably yes, i noticed the most recent shoulder.

Wasn't the strongest one - so maybe it'll just be hopefully formed today early this morning and will then break through that neckline and just keep going higher and higher and higher. I think that'd be awesome. Why were you suspended from youtube? Yesterday i wasn't suspended. The stream was suspended for a copyright violation because of the music in the other person's video.

I didn't have the rights to that music. Hence why my stream was suspended, but it was just the stream. It wasn't, like my account, thoughts on ripple breaking the 97 price. You know that's really, i'm kind of watching like the dollar, just because that's such an important key psychological level, the ripple crowd the ripple community, they don't mess around the way.

There is like an amc community, the way, there's a gme community, the way there's an ape community. There is a living and breathing massive ripple community. So from my experience in with the apes, i've kind of learned, you don't bet against ravenous communities and that's exactly what ripple has yeah you can get into the finer details of how's the court case going and that type of stuff that that's obviously important to pay Attention to, but it's also very important to like when you have a community like that and when you recognize it, i've learned you don't bet against amc. I've learned, you don't bet against gme and i don't think it's that far off to say it's the same situation with ripple.
Is there going to be a rant with the santa hat um? Probably at some point i mean i've been wearing it now for a week. I've been wearing it for thickness the 12 days of thickness, so we still have a couple days to go, but it's also nice because it means i don't have to brush my hair in the morning. That's a little a little secret. I've learned what happened to hex.

I mean still training at 28 cents, that's funny, uh, a ranta hat. Did i get a haircut i did yesterday was such a big day. For me it was a haircut day. You know me and my haircut days always always very, very excited about them.

Very very excited about my haircut days, all right. Let's get out of that. Let's get out of that. Let's get out of that.

Let's get into this whoa whoa, all right! There we go there. We go tesler having a good day, and then you have apple apple. Amc jimmy really not doing much. We can't leave that up anymore um.

We just need some more volume. We got to have the movers, the shakers, the bakers, the movers, the shakers and the bakers make it onto the screen right apple, not really doing the craziest stuff. The cues really aren't even the russell. A nice bounce there.

Okay, this russell bounce, might be pulling amc with it tesla solid day, q's not doing much the market. Look at a l, l k, p s, love you buddy, happy seasons to you and all our abe. Shout out chris, that's so kind of you, a-l-o-k a-l-o-k, well, huge gap down had to be some sort of news or announcement, and this is you see this type of stuff, unfortunately way more in the pharmaceutical sector. The sector is like, they probably lost a drug.

I mean that's a huge, i wouldn't probably not be buying it. Something bad had to happen some bad announcement. I would assume um an 87. This is part of the reason why i just like am not that interested in pharmaceuticals, because sometimes this stuff happens a huge 87 gap down, and it's just a lot of the time on a binary reaction to approval non-approval.

It's just much more in that world good morning. So if you have long calls during a squeeze run up, are you still able to capitalize on them? Yeah? Of course, oh you'll in the scenario that there's a moass you'll, make more money off of calls than you will off of shares just because they have a leverage rate of 100 to one and like it also you'll benefit off of volatility. But there's also more risk involved. Um like like many things in life.

That's the yin and yang to the situation of like okay in a crazy move to the upside you'll, make more money off of calls, but if it doesn't move you'll be safe with stock and you're not going to get burned by like theta and and with options. You will lose money so, like let's say, amc just all day is pinned at 30. Okay! Well, if you own stock, it doesn't matter much so you're like okay cool it's at 30, but if you own options you're losing money. As for all the ticks, that's not going in your direction! Basically um! Oh, we have a sad person sandra seraphim.
I just completely kicked her out sandra's being a greg sandra you're gone sandra seriously. No one wants you here. That's why we kicked you out. Matt is the puppet for hedges, rich, rich, rich, rich uh, i can tell you, haven't, had your coffee yet today, you're, not your brain's, not fully functioning.

Do you think me, do you know a lot of weird things? Imagine that imagine this right here. This show me my personality, my literal countless amount of streams and interviews against wall street and you think i'm a puppet for them as in is your assertion that hedge funds paid me to say, hey. We would love to give you money to talk on rich you're. Actually so dumb, i have to kick you i i i was at the start.

I was gon na. Let you stay, i was. I was like you know what like whatever, but that what this is what happens when you're fighting with 12 year olds on the internet over a year of it - and i guess it's like finally getting to me of just i'm - battling 12 year olds. They just they came on they're home from break like that's the most insane logic ever one of the most outspoken people interviews, streams, always talking on the current wall street establishment they're, like i bet, he's paying them like all right.

Well, both of them are gone. Let's just wait for that 12 year old to make a new account and come back and then we'll kick the new account seasons. Greetings thanks for all your content, this year, ps by kogan t-o-g-a-n. I haven't heard of that one, but let me look into it together.

Together, together, together, together together sandra b richby, we're seeing a pattern yeah sandra b richby, someone's just like running through their b based names, that's gon na be drinking sangria at 10 a.m, by this rate, probably matt's paid off by big sangria, so that one's actually true, I can't even fight back against that one that one's just factually accurate sandra is my mom's name she's. A great good call kicking a sand truck guerrilla champ champ co-host tomorrow afternoon morning, mooning gorilla, champ, champ uh, i'm actually trying to figure out my tomorrow afternoon. We might um try to figure out some stuff for tomorrow. There might be some interesting, interesting things we could try to do tomorrow, uh matt.

What's your wonderland time worth now, my wonderland time has gone from a value of 4 500 to 4 800.. My other ones are getting their teeth, absolutely kicked in it's a bloody mess in my dial protocols, a bloody mess, the only one that's up is wonderland time. All the other ones are down by like a lot by a lot. A lot all right, amc we're watching that level of 3125 tesla on the news of elon, actually gaining a net amount of shares and being done with his selling is up it's like in it up four percent three kings in theaters.
Today, too, i thought that was already out. I thought that came out on sunday. Matt is a puppet to the p industry. They couldn't pay me enough money if i am ever shilling peas.

I want you to know that i'm putting this out here that it's a cry for help like if i am in trouble with wall street or hedge funds or the sec or the irs or the government, or if i'm just in trouble like if there's like a Hit group sent by like a hedgie to come, get me that is gon na, be like my secret, like i'm gon na, be like hey: hey, buy peace like that's gon na, be like the safe word. If you know my health is in danger um, i will joke about it now, but from here on out, there's no jokes. I will i'll use this seriously. I want all of you to know that i am in trouble if i actually end up shilling for the pee industry, so this will be like the last time like i'm joking about it, like the like p shows, but in the future, if i'm like, if there's Something i'm like, i need someone out there to actually help me kind of like the way brittany wore that britney spears wore that like yellow shirt when everyone's like in your next, like whatever video or picture, wear a yellow shirt if you're in trouble i'm in trouble.

If you hear me telling you to buy peace, i just want everyone to know that hey man give them a break uh. They at least have to be 13 and have an account, so don't assume they're all 12.. What's going on me maker, all right, what are we doing? Amc was looking poppy there for a second, just under 30., tesla's, still kind of chugging along uh spy, looking good, how is disney disney had a pretty solid day. A lot of things had a solid day.

Yesterday, disney back to break even uh how's the video looking nvidia flat, microsoft bouncing microsoft flat, but just went green uh. That's what i mean didn't flat. We have a little bit of action: uh how's, lucid, lucid okay, so i see more people asking about corsair. This is the one that, when i oh actually, this is a really nice chart set up.

So let me just very quickly show you let me zoom in here um we talked about it before i'm actually a fan of it just because from my understanding they have solid hardware. They're in a sector are like the esports sector, and you now see a shoulder. A head and a shoulder, so if you got in at 22 you could risk 21 or you could risk 20.. That's a 2 risk, you're risking 10, and if you get this breakout of 22.50, your first stop is all the way up at 24..

So you have a one-to-one risk to reward ratio at your most extreme risk and at your first reward center. So i like it, i like it. I like it, i like it. It has been down trending.
So if you want to be a bit more conservative, you could also potentially wait for this trendline breakout. Obviously, if you do that, though, your risk would be a little bit wider. I like that the macd is turning back around and the last time we checked it. This was the one that, when i talked about it, benzynga had written an article that i put it on my watch list and we looked at the short interest.

Its short interest is 32 percent 32.6. So this company, okay, the buyers - haven't been there yet did it ever actually gap bill, so it just got. This gap fell, so it's cleaning up its own chart. So a gap filled.

Your risk is low. It has a 30 to 33 short interest. Let me just show you that right here, let's look at their ftds ftds ftds. I think i have to go to advanced threshold list where oh wait, that's new of like if it's on it or not, so as of recently, not many ftds.

So this wouldn't be an ftd short squeeze play. It obviously could be a different type of one like if it gets going. It has a short interest right there of 33. So it's not the most similar to like some of these previous plays.

We've talked about actually, actually, i kind of like really like it. Let's see if i have any free money, let's see if i have any free money. Public works, public public public public public. How much free money do i let me search it.

Crsr corsair invest all right; let's invest next. All right, you just saw it live. I bought crsr um, it's in my public account, so you could literally, if you just go to public. If you have an account here, you can see what i'm in done.

Corsair. I, like it, two dollar risk. Two dollar risk, i'm willing to risk two dollars to see what happens here. Um i like that.

It's a one to one which i'd prefer higher, but that's if you're, looking at the most extreme risk and also looking at you're. Looking at the most extreme risk, but looking at the first reward is one to one. Anything is actually an improvement upon that with this one, i've known about corsair for quite a while, i mean we've been talking about it every so often every couple weeks, i'm just a fan of the esports industry in terms of an investment. If you look at any of the yearly or quarterly reports on the esports world, all it does is grow and grow and grow now, because esports is growing.

Does that mean that corsair has to do well? Well, no, obviously, you still have to have like a well-run solidly performing company to do well, but that one is one that i'm more than happy to be a long-term investor in um more than happy. This is not by that's why i put it in public um. It's a long-term thing: i'm just gon na sit and sit and sit honestly, i'm kind of happy. I haven't been watching it for a while, but the fact that it filled these gaps.

This gap, i should say from the high of october of 2020 at 19 or 21 27. It cleaned up its chart. It filled this gap, we know it can has the capability of getting up to the 50s yeah. It's been beaten down, but i view this as buying the dip on an industry i like, if it squeezes that's cool, but i think too many people because of amc and jimmy are wired to look for squeezes and i don't think that's the healthiest if it squeezes It has a 32-33 short interest.
That's awesome, cool i'll, take my money but similar to prague. Yes, i recognize it has the capability to squeeze, but i actually like. What's going on, i i, like the industry, i, like the company. I've used some of their gear before i should probably dive a bit more into like.

Actually, we could do that now. Let's do it live all right. So if you come to seeking alpha, you could click on financials. Let me just zoom in enhance, enhance all right and then you're gon na do latest on the left, and this is some of the stuff we can dive into so, for example, from 2016 to 2020.

Look at that beautiful growth in their revenue, so we have 595 million 937 1.7 bill and over the past, the trailing 12 months we are now up to two bill. That's beautiful growth! Look at that! Look at that growth 600 to 600, mil to two bill, not a bad, not a bad deal, so their total revenue is growing. How is their gross profit also growing gross profit of half a bill, not a bad deal? Obviously, as they are getting bitter, bigger their operating income? Um, okay, cool cool net income, so they made 29, they made 12, they lost 14. They lost eight, they made 103.

They made 119 so now they are a net profitable company. I like that. I, like that, all right, let's check out their balance sheet. Okay, so their current assets, they have 708 and they have total assets of 1.3 bill.

They have liabilities 475., okay. So this is a company that is net profitable and their assets outweigh their liabilities and hang on. Finally, let's just look at their cash flow, just to make sure there's nothing wonky going in there um their net income cool cool. What else do we have cash? No! No, no, no total debt issued.

Oh so they issued some debt recently net changing okay, so it looks like they issued some debt, i'm assuming. I would want to dive into why they issued that debt um, probably for expanding, but they didn't issue an egregious amount, as we can see on their balance sheet because their assets outweigh their liabilities. So, yes, they did issue some debt. Maybe they just took on a loan like companies, obviously take on loans for expansion.

That's not the craziest thing, but they're a net profitable company. So i'm not too worried about them being able to pay it off. I mean their gross profit or even their net profit net income. It's looking solid like i know this is just a quick two minute breakdown into their income statement, balance sheet in cash flow.
It's looking solid. I know a little bit more about it just because i've heard of it before i really like esports that industry, in my opinion, over the next decade, is a great one to invest in you're, buying it on a discount shoulder head shoulder a gap fill from when It first started trading back in here. I would have to be highly convinced to bet against this one. Like i man, it's market cap is currently two bill.

What's logitech's market cap right now, 13 14 bill. I like it, i'm happy with it, i'm happy with it. I'm happy with it and even if everything goes south easy, peasy, lemon squeezy, i'm risking two dollars a share right here. That's my wrist point: 20.

Bucks. If you want want to know if i'm going to cut, tell me if it closes below 20 and you'll. Have your answer, they're diluting shareholders shares change your year, yeah that's from the debt that was issued. They probably sold more shares to oh, maybe they didn't do it that way.

That would be in the flow that you could dive into it. Didn't didn't necessarily have to be that hang on? Does it tell you cash uh? Does it split it up in that cash from investing cash expenditures - acquisitions - it's probably somewhere in here - that it tells you total debt repaid they expanded their debt, so they came into it? Was about about 130 million? Oh okay, common and preferred stocks, dividends paid cash issuance right here, issuance of common stock, so they raised some money from um. 20.5 million shares over the past 12 months, um issuance of common stocks. So right here this is the line they did issue some stock, i'm assuming to raise money all right.

Let's see if this works again with benzinga, we are throwing it on the watch list. It's on the watch list. Would all media know all media should know, get it on bloomberg, finance, pico, influencer, matt kors adds corsair to his long-term portfolio, risking two dollars a share likes the fundamentals likes the overall industry likes the chart. Let tell everyone tell your grandma call your grandma right now.

He did it, he did. It he's not afraid who knows, let's check out unusual whales, all right. What kind of things have been coming across on unusual whales? This was just the hundred thousand, and that was just okay, so amc hasn't gotten any whales. Today, apple tesla apple, tesla, nvidia, crsr, uh spy queue, iwm, um, okay, what is coming across whoa whoa whoa people are loading up on tesla this morning.

They are loading up on tesla this morning, wow tesla, tesla tesla. That's almost all of the whale trades today. Out of this, entire list has been on tesla, that's nuts, that is crazy and they're crushing it already. You see the amount of money.

Look at all these tesla premiums. All these calls 1.1 mil 1.1 mil 1.1, though 1.1 mil 1.4 mil 1.4 mil 800. 000. 1.4.

Mil that is crazy. That's what 3.6 mil 4.7 mil! They are betting on the thousands for january 21st. So heavily someone said. Is he gon na? Do it i'm not gon na? Do it just despite all of you, but i i wanted to get it early this morning, but if i'm being honest, my capital is just tied up, i probably would have done it like minutes into today.
That's crazy! That is crazy. That is crazy. Merry christmas matt! Yes, crsr has great reviews on amazon as well great investment, but currently no position. I need to get in shout out.

Wall street viking, fire gasparino close to trending go help the cause so get that i guess hashtag. Fire gasparino is almost trending according to drake good morning, matt love. The comment: have you considered doing streams? Videos on nfts, crypto cores is great, but mk's nfts would be amazing. Well, it would be within crypto cores if we did that, i mean obviously with nfts.

Just being a subset of crypto um, that's kind of where it would live, so we could talk. We can definitely have more nft discussions in crypto course for sure chris, more than happy to what's happening when they get invested in them a year ago, and now it looks like it went crazy. I bought it two dollars um. I think it was a reverse stock.

Split, i don't think it actually went crazy. It was a reverse stock split and then it came down whoa. That is not good um, so it was a 15. So basically for anyone who's in naked nakd, it was a reverse split.

So every 15 shares you owned is now worth one share at ideally 15x, the value. Unfortunately, it didn't play out that way. It gapped down. I've never been supportive of naked.

Some people get mad because you want me to support everything that you're in not every play is a good play. I don't see naked as a good play. Maybe i'm wrong. Maybe i'm misreading the situation if you're in it.

I truly wish you the best of luck. I hope you make some money, but nakd i it's just to me. It's toxic, toxic, toxic, toxic, potato salad is salad deal with it. Matt is it, though, is it, though potato? That's a bold statement.

Potato salad is salad uh good morning matt. Could you please wish duck shirt at duck? Core is a very happy birthday. True ape slash duck. Member of the moon gang.

Yes, michelle shout out. I saw that on twitter um the account like duck cores. It's it's the birthday, the birthday of duck. So happy happy birthday, that's always exciting.

Stuff has been around for a while, and i definitely appreciate all the amazing support and all the amount of laughs we've had this year. All right. How is iw i'm doing pretty much the same as amc how's the spy doing? How are the queues doing uh? What's moving? What's moving, what's moving, what's moving, what's moving, tesla is basically the one having a good day, polygon whoa, there's scooter polygon is ripping all right. I need to know, i need to know who who's in polygon who's in matic.
What's my cost average on this, i think it's a dollar 36.. Let me do the quick math, your assets, polygon, uh wallet, so i got all right polygon. A lot of people are in it music to my ears. I got in at 1.56, so i haven't doubled up, but we're getting there we're getting there we're getting there polygon, crushing it.

That's a oh and shebe is crushing it too today, sheep, crushing it up to 36 whoa, so both shebe and polygon are having a great day. 10. 10. The two, i guess major, that's solid major gainers of the day, both up ten percent.

I know a lot of you have to be in sheep. A lot of you have to be in cheap and you have to be stoked that you're up ten percent nice push off of 28. All the way up to 36. is dojo.

Doge is up only 1.6 cardano's up 5.6, but these ones are crushing it. Can you please review bb, what's going on with blackberry, um looking a little bit weak, but you also do have support coming up at eight dollars. So right now uh it's trading at 8.70. It tried to bounce looking a little bit heavy had good earnings, and you had a green day for that, but now those earnings are being given back.

I would be watching the support that would be my line in the sand if i were to enter now. In reality, though, if i entered any time like prior to mid-november, i probably would have risked 9 30 and cut it when it broke down below that. Hey matheny played tesla stock yesterday for the daily gaffer think we are breaking over 1k. Will it take a few attempts um elijah, i really like it because of what i'm seeing in the options market, but i would give myself time i i like the january, like monthly bets on the thousand, so they're, probably costly, but you're also buying yourself protection.

Um. Someone just said something about look at wait. What is this one? Does sheep have a new burn party on sheep on friday, someone said something about sheep's son. What do you think about the doge flex the jimmy deal? I can't believe this hasn't been mentioned.

Do you see anything decent for the stock or crypto coming up uh king? We actually covered that the day it broke on the crypto show uh, but that deal with gme flexa. I think it's good. I mean all those types of things. It's just it's kind of strengthening the argument for them.

What's the ortex on amc this morning it was around 19 and then gmes was just under 17., so it's like 19.5 ish on amc, so coming off like slightly taking a breather from like the highest short interest. Just taking a little bit of a breather, all right, here's how things are looking in the daily perspective, pushing green a little bit pushing green a little bit and not really pushing, but i would love to track this trend line on the russell honestly want to see This gap fill up to 228.50 son of sheba. What's so special about son of sheep like what makes it special, why are people talking about it? What's it doing better than sheb itself apple, let me get apple up over here. Does aim seem uh catching a little bit of a bit is gme whoa? Why did that just change all of my charts, sorry spy tesla, we'll throw apple here and hang out.
Let me go back to what we were looking at, trying to come back, amc and jimmy are looking very, very similar today. Very similar fidelity, wonky yeah people are having issues with fidelity this morning could be aws. Hex is up 60 in two weeks: hex xxx shout out alex hex is actually on quite the tear i mean granted. It is coming off of 50, but overall it kind of wasn't doing it really got going ripped took the breather.

We now have the technical breakout. I'm curious if hex can kind of get over this region of resistance, i'm watching 30 33 to 35. I hex could get moving again. If i'm just watching that zone collecting that apy.

What else do we have saw a billboard ad for floki in bristol? So i was looking a little bit more into floki's um. I guess their main pillars, their floki university and also valhalla seem pretty cool. This concept of like nft based games, uh, pretty cool, definitely cool, just transferred out of my payment for order flow broker. That's awesome! I mean i can't tell anyone what to do, but i uh it's there's really, no reason for you to be trading stock at all on robin hood or weeble anymore.


9 thoughts on “ep. 190 electrifying market moves dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars Christopher Eren says:

    <I feel those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naΓ―ve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading since it is way profitable than hodling. Tradlng went smooth for me as I was able to raise over 3.2 BTC when I started at 1.5 BTC in just few weeks implementing trades with signals and insights from Jayson Elwood. I would advise y'all to trade your asset rather than hodl for a future you aren't sure about…

  2. Avataaar/Circle Created with python_avatars Daves_not_h3r3_man says:

    Nice stream card πŸ˜‚ i’m sure it’s just coincidence

  3. Avataaar/Circle Created with python_avatars Corey Testa says:

    matt, thanks for glancing at metx, but look at history, it is not an otc penny stock, this was 15$, now sub .30 & a full business makeover involving crypto, zoom out, check deeper, i am confident u will get excited, way under valued. i mentioned prog b4 anyone else, trust me, worth the time to look deeper

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

    Great stream matt plan on seeing spider man no way home sometime

  5. Avataaar/Circle Created with python_avatars Pure Technical Analysis says:

    Plug Power (PLUG) looks nice on D1πŸ“ˆ

  6. Avataaar/Circle Created with python_avatars πŸ–•I'LL SAY TF I WANTπŸ–• says:

    Matt the scam man.

  7. Avataaar/Circle Created with python_avatars πŸ–•I'LL SAY TF I WANTπŸ–• says:

    What a derpy kid psh..unreal

  8. Avataaar/Circle Created with python_avatars Paul Soares says:

    Keep it strong Apes

  9. Avataaar/Circle Created with python_avatars Moose OKOK says:

    stop copying other streamers.

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