Hello, hello, hello, hello. What is going on? Everyone? Hey, hey! Hey, shout out, shout out shout out good morning apes! Good morning, moon gang good morning, tmi banditos hopping in right now, shout out shout out shout out um, so we did kind of an impromptu twitch session. This morning, uh gary gensler was on fox. I just wanted to throw it up there, just because we know that it's kind of interesting that gary gensler hasn't been on with charles payne.

So i was like oh like i didn't know if he was avoiding fox or specifically charles payne or what was going on there but anywho he came on and he talked about three major things number one is he was talking about. Investing in chinese-based companies think alibaba. Think neo think baidu think jd. The list goes on well, he was explaining, and this seemed like some sort of political move now that i'm thinking about it more obviously, if, if you haven't heard of it obviously there's kind of like i don't know, a quiet struggle for power between the us and China, i don't think i'm blowing anyone's minds right now, but anyway it did seem like more of a political move that he was there kind of advising against investing in these chinese companies, which was interesting and his reasoning for that is you're, not really investing in the Company you're investing in what is referred to as a vie and it's kind of a shell company - and i didn't know this.

But i guess most of them are stationed in the cayman islands and i'm sure you've heard about that. For it's relation to money laundering and hiding money, offshore or yada yada yada. So anyway, you have this like shell entity that has an agreement with the actual chinese company and then that's the thing, that's being traded on the u.s market, not the actual company uh. So he was up there talking and that's where most of his discussion this morning, i believe the show is morning with maria and that's what most of this discussion was about this morning.

It was was him advising about the risks of investing in chinese companies, but it's kind of funny, because it's in direct contradiction to some of the most recent comments about what we're seeing from blackrock. Who is saying that they love chinese companies and we should invest in all of them and they think there's all this growth potential. So i thought it was interesting that uh blackrock huge one of the biggest - i think it's the biggest hedge fund on the planet is saying, go all in and then you have the sec chairman saying no, no, no understand it's way more risky than you would think That was the first part. The second part was more about crypto, and he was just talking about regulations in crypto and basically how he was saying that they should all be registered, which inherently means it goes from d5 to centralized and a lot of people who are interested in crypto.

They like it for exactly like that. They, like the, i guess, the fact that you don't have an overreaching government looking into everything about it then part three. He was talking about us, the memesters ape nation, yada, yada yada, and i thought it was kind of interesting because you have specifically sorkin at cnbc. I feel who's always trying to point out, and it's always these click bait headlines about how genzer's against social media and against ape nation.

All that, like that's, always his sentiment, that he's trying to push and it's really taking his words and twisting it almost like what sorkin did previously such as people with trey, but even in this uh. His comments on it were not that in the slightest he was saying we're looking into internalizers aka market makers and we're also looking into dark pools. So literally the things that we've been talking about, he just stated on live tv that they are looking into them. So i thought that was very interesting.

Um that interview i will clip it and put it on the mat course clips channel. So you can see it so you maybe i'm missing some of the main takeaways or maybe i'm uh not fairly. I guess relaying what he said. I can't remember his statements verbatim, but that was kind of the main takeaway i took from it so later today, maybe this evening, but uh i'll get that up there, but that was on twitch earlier today, but i will get it up and those were all the Comments from gary gensler, the sec chairman, so that just happened a couple minutes ago.

Other things to talk about right now, the s p, 500 and iwm. The two major indices we pay attention to here are gapping down the russell 2000, which amc is in part of is gapping down by 1.25, and the s p 500 is gapping down by 0.8. The reasoning for this is exactly what we talked about yesterday and i also touched on it in my wrap-up video yesterday evening. Basically, the federal reserve is coming out and they're going to taper their asset buying.

They are cooling off on this. I guess current methodology and precedent of unlimited quantitative easing. They were buying a lot a lot, a lot of assets, mainly in the form of bonds every single month, and they said, hang on. We think things are getting back to the levels and we're seeing the metrics.

We want to see so we're going to kind of taper that and obviously right now it makes sense that the market's gapping down and a lot of these major stocks are also red, because what it's saying is they're no longer backstopping the stock market by buying it That all they were doing was shoving money into this system and that's good stocks go up. I guess, and it is a form of a backstop, but what it does is it increases. What's referred to as money velocity and that's, i guess, um. Basically, a fancy fancy way to say that they are increasing the likelihood and they are promoting an environment that leads to more a higher chance of inflation.

So basically, their goal is to backstop and help with the craziness of the world going belly up over the past year and a half. So they want to help with that. But they don't want to do it too much to the point that they cause inflation and then the usd is worth absolutely nothing. So for them, it's a balancing act and obviously they've been severely criticized for some of the things they have done.

Some of the things they haven't done, but overall, that's why the market is red right now, tapering of asset buying. They are stopping the same amount of buying and i think they almost actually want to be like really cool off september october. So we're going to see less and less and less this conversation is exactly what we were talking about with the true trading group shout out to mike there. He was talking about it and he said yeah.

We know it's happening, it's a question of how it's the methodology. Are they going to just cut a hundred percent, or are they gon na take 50 and then go down another 50 and keep doing it? It was all about how they're going to taper it and right now, obviously the way in which it's being assumed that they're going to taper it and kind of based on their statements um. Obviously the market's not too happy about it, but it is also pre-market trading and we have seen crazier things happen in the past. Where really could just represent an incredible dip buying opportunity, i'm in no way sitting here saying no because of the cut down the tapering of asset purchasing that we're all just going to collapse and no we've kind of seen things like this before, where basically people know It's coming in the short term, they will they'll, go risk off or they'll get some puts or something and then a couple days later, that's just the dip buy and then ends up continuing and trucking higher from there.

So i'm in no way sitting here saying it's time to panic or anything like that. If anything, honestly, i think this is one of the best ways to wire your head. If you see whatever it is, if you're an amc, gme whatever it is, i don't really care those big green days are the days you sit back with a smile on your face, the red days, the days where people are a little angsty and panicking. Those are the days where you maybe review the fundamentals.

Maybe get up. Your technicals find some support. It's all about shopping on a discount you, never you would never go to a store and right there at the store, they're saying: hey, uh, good news for you guys today everything costs, 20 percent, more you wouldn't buy at that store, don't think about the stock market. Any differently it's the exact same thing, you're buying.

If you go to the grocery store, you're buying a loaf of bread, you don't wait for the day that the loaf of the bread is double the price. You wait until it's on discount and i don't think we should think of stocks really any differently in the sense that you're buying the same asset you're buying a share of a company. It's the same company you're, getting a share in it. You shop on discounts! That's how you get more shares, that's how you optimize your risk to reward ratio like it's so much more logical to get it when other people are freaking out and you see red when you see red.

When i see red, i think, okay, what is the smartest thing to buy right now? When i see green okay, you sit back, you enjoy you get into twitter arguments with people, you do something else you do not want to chase. You don't want to be a fomo buyer, you don't want to be a bag holder. I think a lot of that is um it's inverse and i think it has to do with. Usually, when you think of a product, you have a physical thing and we're not seeing it as cash while when you're in with the stock market, i think our psychology gets messed up a little bit because you're directly playing with money, you go into a stock.

You see it up or down, and it's it's almost too close directly to money and then maybe there's some of the. I suppose gambling aspects of it. When you see like running you get excited and you don't want to miss out and with it i get it. I mean i've, i'm i'm not even saying i'm over i'm right there with you.

Sometimes i chase when i like really shouldn't be chasing like i'm, not saying by any means that i'm perfect and i'm definitely not a financial advisor. But i think you have to almost take a a very methodical look at your own personality and the pros and cons you have the advantages and disadvantage in your own mind when you are trading, but overall you don't want to be a chaser. You don't want to be a bag holder, you want to buy at levels of support on weakness, and you want to ride it up into levels of really resistance. You don't want to do the inverse of that, like as simple it is.

You want to buy low, sell high, you don't want to buy high and sell low, and i know that's a bit of a joke, but like think about it, think about how many, sometimes of maybe your bad trades that that's actually ended up going on like as Much as we know that, and it sounds absurd for me to say it: did you buy it when it was ripping on when it went high and then it got hit and you ended up selling low. You did the exact inverse of what we should be doing. So when i see environments like this, and i see, people are like a little bit antsy and they're like oh, should i sell that's when i start looking about how much free capital do i have and because i want to buy, you want to do the opposite And i know that's that famous warren buffett quote of be greedy when others are fearful and be fearful when others are greedy. That's not my quote, that's from warren buffett, but you can use that on various time scales like right now, i'm already seeing it this morning.

If people are like a little iffy, i'm like okay to me, i always kind of almost want to do the opposite. I want to fade that general social sentiment of what i see going on, because i know a lot of people, sometimes myself included, have the inverted mindset that we should be having when trading um all right. So right now, amc is at 35.48. Gme is at 155.50.

So these are down, and i'm trying to just are better articulate in a very long winded manner of why they're down it's because we're seeing a gap down in two of the major indices, uh that we talk about the s p 500 on the bottom left and The russell 2000 on the bottom right, the other thing that is gapping down, is hood. Robinhood, currently down eight percent on the day. Why is robinhood down it? Had its earnings after the market call after the market closed, it had its earnings announcement and it was not good. No bueno robinhood revenue doubles last quarter, but stock drops nine percent after app warrants trading is slowing.

So there's a couple interesting things. I just wanted to point out here. We know that robin hood gets a lot of money through payment for order flow. This last quarter revenue from crypto trading, totaled 233 million, more than half of all the transaction base of 451 million for the second quarter.

So a huge chunk from crypto and then a huge chunk from payment for order flow, specifically options in this last go round and then a little bit from their other services, such as robinhood gold. Robin hood reported a net loss of 502 million dollars, so they basically lost half a billion dollars. That's within the expected net loss of 487 to 537, the brokerage turned to profit in the same quarter last year, so last year it was doing better than it is. This year, costs associated with the change in fair value of convertible notes and warrant liability, totaled 528 million in the second quarter of 2021 and the real thing that's getting people.

I guess why it's red um, the stock is red and why it's shutting down eight nine percent is basically because of their future guidance for the upcoming quarter of the quarter or in right now, q3 of 2021. They said everything's gon na slow down. They literally said we don't we're not going to have as many users we think we're going to make less profit off of crypto we're going to make less money off of payment for order flow. Their future guidance was very, very bearish and zero hedge.

That account that i was talking about that. I was trying to fumble through earlier. They made the joke that robin hood is basically no longer its own core company. It makes money off of dogecoin and options a ton of money off of dogecoin training, a ton of money off of options trading, and that's even with that, all that money they still lost half a billion dollars in the quarter when last year for the same comparable Quarter it was profitable, which blows my mind because that's a quarter, we were all locked in.

Our apartments in our house is training in our pjs, so this year, as things are opening back up and as people are starting to learn that hang on. Maybe robin hood is the exact opposite of the mythological story that we perceive robin hood like, or they perceive themselves to be um to me, it's a it's! It's a shipwreck. I like i just that's why it's down right now! That's how why i've been talking about it? That's why i bet against it. So, with this gap down, i'm gon na lock, in my puts for a hefty profit and i'll, probably use that money to buy more amc, more gme i'll, do whatever i want with it, but uh that's! What's going on with robinhood, i mean their own guidance they're like oh, no, no, no! It's gon! Na get worse! I can't like i was reading some of the quotes from it.

I didn't listen to it, but their own guidance was like oh yeah. No! No! No! It's bad, like i feel like the guy just like, must have taken the phone to the anus. Be like you don't even understand it is bad uh. So that was kind of cracking me up.

Cracking me up. Let's go over some of these or text numbers to get us set up for the day. We have about 15 minutes to go oh before we get into that uh. First of all, shout out uh, hang on! Why, right here we have shout out to today's sponsor manscaped, you can get 25 or 20 off and they are pin to the top of chat.

If you want to check out that website. But i'll do the ad read in a little bit, but i just want to give a special shout out to those guys and since we were just talking about robin hood and payment for overflow, i highly recommend everyone check out public the. If you go to public.com cores, you can get up to 70 dollars of free stock, free trading, no payment for order flow, and the best thing is all the trades are routed directly to a lit exchange. No dark pools, no market makers, free trading, free stock, the only downside of it is it's just for u.s residents.

So if you're outside you can have a problem with that and they are about to roll out crypto trading and they have no option training. So right now it's purely stock trading. So if you're a crypto trader option trader, you might want to use this and another brokerage or exchange or something along those lines, but for stock trading. Public.Com coors! It's in the description of the video up to 70 of free stock.

All right now, let's talk about these or text numbers amc they've already borrowed 1.76 million against it this morning and we still have 15 minutes to go until the market opens a short interest of 18.3 percent utilization 91 shares on loan, almost 106 million uh - and i Did cover this in the update video last night, everything is trending higher, literally all the major metrics that we care about uh. The shares on loan short interest, the amount of loans per day, the average age of shares on loan. I kind of went through all the major ones that we've like really talked about on these streams and all of them from early to mid-june. Until this moment, trending upward upward upward almost every single metric in terms of gamestop the net.

Already this morning is 26.7 000.. The short interest is 10.69 utilization. 37 shares on loan inching back up to that 7 million mark in terms of crypto crypto. Still taking that breather, i'm wondering if bitcoin it is at support right here at 44.

000. I'm curious. If this is the dip i and just so i don't forget it myself, i'm going to draw a picture right here and just hang on. I wonder if this is the dip buy, we see support, we see support.

I wonder if this will be the opportunity um to for it to swing back up, we'll get a bit of a confirmation if you could attach this trend line so basically, 48. 000 to 47, 000 to 46 000. This trend line look for that breakout. That might be a good confirmation that this is really not a george w, but just a basic double bottom off of 44 000 and a swing back up to 47..

Looking at doge in the bottom left, it looks like it's actually trying to base just below 30 cents. I thought it was going to come closer down to 28, but let's look for this to swing back around ethereum is very obviously basing multiple times now right. Around 2 900 just below 3 000 looking for that to swing back up, cardano's kind of doing its own thing uh, as long as it holds above two dollars, i'm going to be pretty happy with that. Looking for the breakout of 220, so that's just very quickly! So you know what's going on in the world of crypto, for today this.

This is exactly what i was talking about in the yesterday for the s p 500, we're at a level of support, so watch 436, i'm looking for the bounce off of it. If it breaks below, i would then be watching more in the realm of 430, so bounce off of 436 or if it breaks down, i would look for a little bit of a capitulation down to 430 in terms of iwm we're also in its region of support. If it can't hold on to 21150, i would then be watching 209, but if it bounces there, i would look for a quick reversion all the way back up to 215.50. In terms of amc, we are still watching this breakout level uh one two, three four, it looks like the fourth one is a rejection.

So i'm looking for a quick reversion for the fifth test to see if we can get the breakout above that, let me drop to the two hour just so we know what the level is today, it's roughly going to be in the low 37s. Let's just call it 37.40 for today, which would be that trendline, breakout and right above that we do have this level of resistance from 40 to 42. So that's kind of the technical structure that i'll personally be watching and last but not least, let's check out gme gme gapping down. Also, we do have support between 145 and 150.

So, looking for that support to hold a bounce off of that and then a reversion back up to 164, where it's been battling it out ever since hang on what is the state i mean honestly, ever since august, 9th all the way up until august 18th. It's just been battling it out at 164, 165 battle battle battle, so i want to see another test of that. Hopefully we can build up some momentum and finally really break through that all right. So that's the quick setup for today.

I just want to let you know what gensler was saying i wanted to let you know what was going on with robin hood and the market in general and his comments on chinese stocks crypto and really us the ape nation community. Let me get iwm over here. We know that has a greater impact on amc and who knows. Maybe today is the day that amc and robin hood trade at the exact same price, uh matt.

I hear negative beta all the time. If that were true, why does amc and jimmy not move inversely? This by iwm educate me, so this negative beta thing they're only looking at that on a small time frame. If you look at a larger time frame in excess of a year, amc and the s p 500 would have a positive beta. So when you hear negative beta, it's a smaller time frame and that's just because from really the start of june a until now amc is trending down, while the s p 500 has gone up, but this beta thing i'm it's all dependent on the time frame.

You're. Looking at so positive or negative, i could show you that amc has a positive beta. If i look at the five year or the three year, and if i go to a super small time frame, it would have a negative beta. So it that's the issue when you hear the beta value that doesn't tell you really much.

You have to ask what time frame is this beta value for, for those of you who have not heard of beta, be like at all beta? A beta of one means that whatever it is, is moving essentially in a very highly correlated manner, to the s p. 500, a beta value of negative one means almost perfectly inverse uh a beta value of zero means not at all, and then, if you go above one or below negative one, whether directly related or inversely, it's to even more of a magnitude. So, for example, above one would mean that if the s p 500 goes up, one percent, whatever you're talking about, would go up more than one percent and then the opposite would be true in a a number lower than negative one. So it's like this range of negative all the way up to positive and it's just its correlation to the s p.

500, but with it you do it on various time frames. So that's the an important question to ask is like okay. I see that you're telling me a beta of whatever value uh. What time frame is it for? Because i mean myself right now, i could show you different time frames on amc.

Some would be positive and then shorter time frames would be negative. Beta uh sup man thoughts on a spy rebound, so my thoughts on the spy rebound would be if it bounces off of basically 436. If it bounces there. I think there's a good chance that this is just a momentary decline.

What else do we have? Institutions are buying lending them out, buying them back, creating more synthetics uh, trapping short sellers and leaving them with a bag. Why share able to borrow, has increased and kept utilization around 90 to 94. um ernie? That is not the exact math of the situation, because you could have some people who are just not willing to lend it out, because the interest wasn't worthwhile to do it and but now, as cost to borrow goes up, it might become worthwhile to do it um. So your explanation is one valid one, but it's not the only one like there's various mathematical slights of hand.

That could explain the situation we're seeing going on. But when you, the synthetics when you when an institution buys lends them out and then buys them back, that's not a synthetic synthetic is another name for a counterfeit share and counterfeit shares come from naked shorting. The process you just described is called re-hypothecation and that does not create synthetic shares. Synthetic is another synonymous word for a phantom share.

A counterfeit share. Basically it's representative of an illegal practice. Things are looking very jumpy right now, but anyway the process that you described is rehypothecation, and that is 100 legal and above board. By calls thoughts, could you explain what a fed tapers just wanted to learn awesome job, uh, matt, moon moon gang to the moon? Shout out howard uh spy calls if it bases at 4 36.

I think that's good uh and that might make me a little bit more bullish, but i wouldn't make a trade right out of the gate. I want to see how things start trending today, a fed taper fed taper, as in they're tapering, they're buying of assets aka bonds. The federal reserve is going to stop putting money into our system by all these bot by stopping all the bond purchasing. It's been doing over the past year and a half so they're tapering they're buying hey babe.

How are those puts on hood doing asking for greg who got banned yesterday? Also, brazil dd is being over analyzed shout out, jake um, so i don't know the value, because the options market does not open until 9, 30. So i'll tell you better in about three minutes, but i'm assuming i'm in a very very nice profit and i'll. Take my profits most likely relatively early. Unless i see a lot of vomiting, then i'll try to hold it out, but if i'm not seeing a giant push down right at start, i'm just going to lock in my my sweet, sweet, lemon pet, lemon pepper tendees and keep going.

I want confirmation and assumption whether hedgie's, close or short positions in green or red. The action will create a boost in price yeah because buying is buying whether they're in profit or not buying is buying it doesn't matter if they're green or not for them. To close the short position they have to buy stock. Good morning, my brother you're, looking at any ev, plays long-term investments like aviation or archer curious on your thoughts, evie tall wall street viking, uh eevee eevee talk.

What's an eevee, do you just mean ev? Let me double check this. Oh, oh electric future of vertical, oh vertical, um, interesting! No, so i haven't been paying attention to those um. I honestly don't know much about evtol uh, it's gon na be the vertical takeoff, but instead of being passerby powered by what i would assume is gasoline or diesel uh electric vehicle uh vertical takeoff. I haven't been tracking any of those companies wall street viking.

So i can't really comment on it, but i would assume that it is gon na also do well with the ev industry all right we're seeing a lot of craziness at open right now. I like it. Let's get some volatility going today, let's get rocking today team team team team team team team, this some of it seems like more of a weeble issue that it's trying to get in trades across the tape that it should be. Having.

I don't know, let's just like wait for the bell to open, but this is some insanity. This is ridiculous. The this is actually a charting issue because the trades aren't coming across um so right here, 45. 18.

485. This is a weeble tech issue. This is not. The trades are not coming across at 49, like it's showing um, so those aren't legitimate trades.

This jumpiness uh, it's a tech issue that we're seeing just so everyone knows they might be clearing some old trades, but we could see it on the time and sales the actual trades coming through right now, robin hood is trading at 45.15, there's nothing printing at 49. So this is a 100 a tech issue, but i can already see the conspiracists like going of just like look at this. Unfortunately, it is not that all right, let's get ready market about to open, let's get ready. Let's get ready, ready, ready, come on couple seconds to go.

We have amc in the top left gme in the top right russell 2000 in the bottom left and then robin hood in the bottom right. I guess i should get ready to lock in some of my robinhood attendees today. Definitely should get ready for that. All right! Ding ding ding market is open.

The market is open all right, all right, all right, let's get zoomed in here, so we can see some of this all right. There we go. Where are we at? Where are we at okay? All right all right? So i'm gon na give this a couple minutes just to see before i lock in this beautiful gain on robin hood. Beautiful, beautiful amc, oh already pushing to go green on the day.

Just so you know it closed yesterday at 36, 55. 36. 55. So we're pretty much at the red green mark horizontal 36, 55 right there.

That's the red green move on amc, that is the red green move, so we're a couple cents away. Uh! Let me get back to this. Oh robin hood! I don't think it's gon na last. Don't think it's gon na last personally, what are your thoughts on aaa selling some of his stock anyway? This can be positive thing for the apes um.

So with it there's i mean he explained what was going on in the earnings announcement. This isn't him just hitting the sell button. This is him with a 10b 5-1 form, or something like that where basically another party sets it up way in advance of, like you call it out months and months down the road you're like on this day, no matter what the price is, i'm selling this many Shares so it's not like he's sitting there watching the chart saying. Oh, this is my high value uh, it's a 10b 51 form, and this is a very, very common way for insiders to a company to sell, like he said, he's 67 um and when most of his wealth is in this one, individual stock at his age.

He's just taking like a little bit of financial responsibility but uh to be very, very clear. It's not like he's sitting there saying. Oh i'm gon na buy it's one of these things that is set up exceedingly far in advance, and you see it with the filing. With the sec and that's all it is it's not him saying like.

Oh, i think i'm done with this. I think it's a function of his age and even that, though, i don't think he's selling any this year. I believe, if i'm remembering his earnings call like statements properly like he has to get it set up with the sec now, but the the sale won't come for a while weeble's confused. What are your thoughts all right? We did that we did that shout out shout out all right, amc trading at 36, 12 and the red green move is at 36.55.

We were green for a second there at the start of the day and then it got smacked. So i'm looking for that. Reversion iwm someone said iwm down and then a or iwm up at amc down. Well, not really they're, both currently in the red.

Remember you have to like somehow you have to look at the percentage. Is it because, like something can gap up or get gap down larger, for example, robinhood from its opening value might look good, but it's down 7.6 on the day, so you have to take a little bit of the larger picture into account all right. I think i am up to date. There perfect, perfect, perfect, perfect, perfect, perfect.

All right, let's see, what's going on a little bit whippy this morning, that's cool. Unfortunately, man gamestop's volume is so low. I just want that to like return, gamestop, really just not moving vortex, update on sprt reminder with ortex. All of you are more than welcome to get their free trial uh, all of you.

If you want it, if i'm not checking it at the speed that you would like, you can get or text for completely free for a week, sprt has a short interest of 69 percent uh utilization of 95 and shares on loan of 5.62 million, which tells me That it is highly shorted and it's a low float stock, highly shorted low float stock. All right. What is the s? P 500 doing right now s p 500. It is pushing back.

I guess it's bouncing right off of that 436 level that we were talking about. It's all the way back up to 438. um. I still i mean we're only five minutes into the day.

I do not ever ever recommend chasing something just because of a move in the first couple minutes. Let's go back to iwm for right now, all right robin hood tried to save itself at 45. That's to me an important level! It's at 45.35 right now, uh, amc down two point: five percent jimmy down point: seven percent, iwm down point six percent and robin hood down nine percent. Just so we're all on the same page smash that oh thank you ryan.

For that reminder, if you haven't already uh whether you're on youtube, whether you're on rumble, i would appreciate it if you could drop that like button on youtube. The royal rumble button on rumble uh just helps me out. The algorithm gets more people in here and it's completely free to you, if you haven't already don't forget to hit that subscribe button. If you want to talk about stocks, options, futures crypto, random, rants that i have this is the place for you to be.

This is the place for you to be all right. Let me get this good good, good, good, good. All right, robin hood is hanging on by the skin of its teeth, the skin, of its teeth right above 45. I wonder if it'll hold or if it won't amc at 35, 57 and just for a quick vortex check.

They've already borrowed 1.82 million against it. Thus far this morning on a volume of 3.9 million uh wow, so pretty much half of the volume theoretically could already be short. Volume borrowed shares 1.82 million, whoever borrowed them if they decided to short that would actually legitimately account for half of the volume today which, if they're just dumping those borderline 2 million shares into the market. That could be very descriptive of what we're seeing right now.

So i'm not saying a short ladder attack, i'm saying a short attack which is usually much more likely and reasonable than when people are saying short ladder. Someone just said that charles payne tweeted all right. What did charles pay? Let me track this down. Earl's pain wall street infamous need for easy money has triggered selling other things are going on.

In fact, fed policy mistakes aren't just keeping rates too low. For too long. I see enough signs of weak 2022 growth that could be exacerbated by virus issues and higher taxes. Taper tantrum, when the government meant staying at home more lucrative, it's hard to run a business from the ceo of red robin.

What else is he up? To else? Do we have going on msft? Do we have any other big movers steps to a free market from january 2021 uh? This is from unusual wales. Hedge funds get infinite qe step one step, two, those same hedge funds over short gme at 140, using the liquidity they got from central banks, step three. As soon as losses come due to bad position and internet limit, all trading against your positions, step four profit. Sadly it looks like that's how it did go for some of these players.

Uh doordash block worth 2.2 billion, is said offered by softbank. So i guess doordash is a portion of it is being sold off by the owner softbank all right. Let's do this thing where we at jimmy just really not trading much right. Now amc trying to hold on to 35.

it's running into the headwinds of the russell 2000 and the s p. 500, hang on very quickly all right amc, let's see if it can bounce right off of this level 35. It looks like robin hood did bounce off of 45, but let's see if it holds it would kind of have to get back above 46 or there might i mean if this is the line in the sand and it breaks the line in the sand at 45. I mean before the fact that it's below 45.75 is not good for its technical setup um, so if it stays below that the longer robin hood is below 45.75, which is the line that it's flirting at right now that could lead to additional downside.

Let me show you this two hour 43. What is this level right here? 43. I guess 43. 43.

25. If we break below 45, i think there's gon na be two dollars and then, after that we would be watching 40. The high from the day of its ipo, this is all just from a technical setup. The technicals, obviously other crazier stuff, has happened, but just want to let you know where it's at.

What do we have going on? What do we have going on uh, robin hood or not robin hood amc being systematically walked down a perfect bull channel right here, really a bull flag. We see the flag pole, perfect, channel downward. Look for this top trend line that you could draw look for that breakout, oh matt, advanced, magnet, charting we'll have to get that up, tanner you're 100 right! Doesn't the 13f prove that the float of shares adds up to higher than 513 million we own 80. In the institutions on 31 percent, correct me, if i'm wrong, uh, no eric that is not the takeaway uh, there's a little a couple.

Inaccuracies in your statement that i think is important for us to all know. First of all, the 80 ownership that was a valid metric for us as of early june, not necessarily mid-august, it might be true, it might be more, it might be less the institutional ownership that is updated more frequently, or we have a more recent update of that Than we do of insta, then retail ownership, and so that's an issue. The the number you're signing the 80 one, it's kind of old data and the number of 513 million. That's not the number we're looking for you need to take all the shares outstanding shares.

Add on all of the shares on loan, which is actually about 100 million more so that brings us to let's just call it like 625 million - that's the number. We want to be monitoring to see if we're above or below something in that realm. We don't want to be using the number of 513 because of what i was describing before of rehypothecation. You can lend out shares someone can short it.

There could be a new owner that is completely legal and legitimate. So the number where we want to start saying, hang on things don't add up, is the outstanding shares, plus all the shares that are on loan when you're above that number, which is around 625. That's when the math is starting to get hang on this like this. Doesn't add up good question, though eric you mentioned crypto your opinions on backs and tell uh bud.

I have no uh knowledge on bax or tell no knowledge on those guys all right, robin hood, getting taken to the woodshed. It's really flirting with these lines. Oh sprt is making a move today. That's prt is trading at 8 56..

When do you think eth will be a buy uh. I think ethereum, which i'm a big fan of if it holds here it's at support, so it depends what risk you want to do. Um, you could risk 2 900, it's a bit of an aggressive buy, but it's still buying at support and who knows that could be the bounce and it might never return there again if it falls through that you could then watch two seven um and below that Two four honestly ethereum and bitcoin. For me, my process is so comically simple.

Whenever i see a major decline, i buy some, it's like it i'll either be for me since i'm not since i'm not actively trading it, i'm either going to be very right or very wrong a couple decades down the road. When i plan on selling it, i have no plans to sell any of my crypto whatsoever this calendar decade like seriously so for me, i'm gon na hold it and when i'm an old geriatric man, i might think of selling and it'll either be worth a lot Or a little, but if you think 10, 20 30 years down, the road aetherium will be anywhere in the ballpark of 3 000. It's just not going to be it'll, either be very close to zero or worth a ton of money. So for me, i'm i'm a little bit more loose with my buys.

I guess because i'm like well, i don't care about the minutia of like a little hundred dollar move here or there, because i it just doesn't matter to me because that's not going to be the thing that makes or breaks it way down the line, all right. Iwm, coming back around spy coming back around, i wonder if this will be representative of the dip buy uh bootstrap, you are a keyboard warrior and because of that, you are kicked off the island. Goodbye uh, ortex, update on kelly ripa shout out. All right looks like amc's finding a nice base, we look at iwm starting to rip starting to rip starting to rip 34.

75 is where it found that bounce. The next thing i would be watching is 35 40.. We see a high, we see a low uh that would be a little intraday technical level, some of these little intraday technical levels, not that important, because it's not like it's reacted to that multiple times. It's just literally on that own days, like time frame all right.

All right all right, let's see now i have a little bit more of an idea of what to do here, a little bit better of an idea, so i can officially exit and take my attendees and do something with them all right. Let me get this set up so iwm, looking strong how's, the s p 500. Looking uh game, stop not really moving, but the s p. 500 is move and move and moving it bounced right off of 436, which was that support we laid out earlier shot up.

Came down if you were trying to do a day trading thing uh, you had opportunity to get in around 4 30 7 65 and you would have been risking whatever this low is at 437. That would have been the play thus far. Once again, i would not recommend any form of chasing dear greggs. You are the weakest link, goodbye shout out clubfoot billy, someone just said amc under 35 uh.

I don't know if you're watching in real time. It's not it's currently trading at 35. 15.. So it's it's! Not unless maybe there's some discrepancies there, all right what is going on, we are seeing some push in the s p, 500 and the russell 2000 and we're seeing a little bit of a trendline break.

Ah, do i want to lock in my hood gains i'll, give it a couple more minutes? Um, i i just don't know if this is a fake out breakout or not, but we are seeing amc having nice bend back around. Let's get back to this horizontal line. Right there we're pushing we're, pushing we're, pushing amc's putting in the fight 35 40 is what we want uh. What's your take on biden, saying he's going to take big business such take on big business such as citadel that plus gary g's chat um, i don't when people say they're gon na take on wall street and that type of stuff, especially these political figures.

Um. It's nice rhetoric that so many of them have said before, so i don't put that much weight into it. I think actions speak way louder than words. What makes you think anything is ever going to be different with these crooks.

History says they will never face any real consequences. Um i mean i disagree with that. What are you talking about? We melvin capital blew up white square capital and london blew up another one in london blew up uh. There are very real consequences for the people who are on the wrong side of this trade uh very real consequences down 30 on jimmy october 1.

200 call. What do you think chat hotel? That's for dominic shout out to dominic looking for some advice from chat here. All right, what else do we have? What else do we have all right? Walk in dominic cat facts, club foot, billy, danny tanner, eric budd galactic space shout out shout out shout out all right. We are looking for amc to see how it reacts here.

Uh interesting action, thus far uh the small cap sector getting hit a little bit more little volatility, but we're seeing some strength. This is exactly what we were talking about before the market opened. The concept of it looked bad and a lot of the times when people are panicking. That could be a great time to buy.

Is it always obviously not there's no such thing as a guarantee or a perfect pattern or methodology in the stock market? It simply just doesn't exist, but you can somehow stack the odds in your favor and even that, thus far for these s p 500 day traders. I mean right at open. Until now those people killed it. They did very very well.

What do we have here? 40. Gamer is this a motley fool article 4d gamer? Oh brambles! I like this. Oh, i like that shout out shout out brambles all right s, p 500, still pushing in the top right. Let's see city group adjust price on amc holdings from five to 370, maintain sell.

How did they they're, like you know what it's worth: a dollar 30 less qqq how's, the nasdaq 100. Looking so on. The screen right now is all the major indices, the s p. 500: well, not all of them.

There's more s. P 500 is in the top right russell 2000 in the bottom left and then nasdaq 100. So we are very much watching like what is the market doing right now, matt? What are your outlook for tomorrow regarding options? Expiring in and out of the money, how do you think amc and jimmy will react? Uh, moo, moo, poolin um? It depends on which ones uh i i would need a strike price uh are all of them going to expire in the money. Well, that's not likely, but i think a decent amount could um.

I know there's some action specific on amc to the 40s. The gme option chain right now right now is very, very light. There's not many bets being made in the options market at as i'm saying this for gamestop, but obviously that could change on a dime uh. Where are we? Let me kick out man i'm liking, kicking out.

All these greg's makes me feel good hello. I made 200k on my netflix insider trading, so here's my five dollar fine. I had to pay. Thank you, king vortex, uh gaming yeah.

This is, i saw that story as well for those of you who don't get the reference uh. There was this story that came out about uh, basically an insider to netflix, making a ton of money and barely getting in trouble for it. But i guess that's just how life is sometimes can you please talk about t-o-b-a-f and why i can't invest on weeble or public, because those aren't traded on u.s markets, win, baxter, uh, they're, probably sleeping right now, they're they're, late risers is amc and dogecoin. If amc and dogecoin exploded in value could robin hood file bankruptcy and we can't cash out what would happen to our shares in crypto um? I don't think it would play out like that, but also you would have to talk to like a bankruptcy lawyer um.

I don't think there's a way they would be able to hide it all, but i'm in no way a lawyer, so i don't think i can like fairly comment on it. I don't know why they would. Why would they declare bankruptcy if those things explode? I don't know like if those are necessarily related, i call it having a heart that beats speaks louder than words shout out. Kelby covington as a tampa bay.

Bucks fan a lesson for my follow-ups. We hold through the jameis winston years and moon with brady amc and apes can do the same. Shout out mikey shout out mikey. What's your opinion on reverse repos and inflation back in the 2008 levels, black swan, so the reverse repos are just happening to undo all the money that they put into the system like they did all these repos and that's how they got.

That's that's what the quantitative easing was. The fed would sit there, create money out of thin air, buy bonds, pushing money into the system they put money in. They got bonds. That's what the fed was doing.

That's how they kind of ensured that our economy and wall street didn't go completely like insane with the pandemic. Now to get some of that money out of this system, because they don't want to prompt inflation, you're doing reverse repos you're, trying to suck money back out. So you're not devaluing the dollar, so my thoughts on it is they're just trying to undo what they did to stop. I guess, in their opinion, a like a worse reaction to the pandemic.

Franklin is a distraction from baxter uh. Thank you matt for helping me through amc. I've learned a lot shout out. Chris lu says all that matters is what we close at friday and what they have to cover this monday morning.

What are your thoughts on? Will they cover and have to and what they have to cover this monday wait? Why would you cover monday morning because of what i i don't, i guess um i'm confused there troy what we close at on friday and what they have to cover monday morning. You, hedge before expiration, you don't take care of the exercising and the hedging afterwards, you do it before um. So i don't know unless i'm misunderstanding, your comment here: what are your thoughts? What are your thoughts and will they cover? Will they cover cover just means buying stock to close the short position and that's going to be different per hedge fund per short they're going to cover if they think it's at the best lowest value? If they think it's going to keep going down, they're going to hold their short and as long as they're not forced to buy in by their broker they're going to just continue to hold it, i'm starting to think that the other side tries to keep it in The 40 to 30 ish, because if they short it into the 20s, it would be easy to buy if they lit it up it would explode. Thoughts could be, i think, there's some sort of effort to keep it in a range to all those people who sold options uh.

They obviously would love for it to stay in a range, and we know they make a lot of money off of playing the house's position, as in the people selling premium selling calls selling puts there could be uh overall arcing effort to do something like that. That is a possibility, but i mean do we have definitive proof of that douglas? I guess that would be a different story, slightly different story. Why does this not work all right? I just want to make sure shout out holistic shout out. Kj armstrong shout out shout out shout out all right.

Amc looks like it's coming back to battle it out at this line. Let's see, what's going on, uh gme ver, it hasn't even traded. 200. 000.

It looks very choppy. It's tough to watch. It's just boring. Let's see what else is going on, let's see what hood is up to.

Let's see what sprt is up to sprd, thus far having itself a good day, all right, just load it - or i guess i should say - maybe increased it to a three minute chart whatever that proper verbage would be all right. So amc currently trading at 35, 10 gme training, just below 155. robinhood, tried to break out and then bounced it's trying to decide uh. It's just at this very important level of 45.75 below that.

I think it might be worthwhile for me to hold and see how it plays out, above it i'll just lock in my profits, pretty easy trading plan honestly, nothing, nothing too special. Why do they call them shares? I just hoard and hold no sharing shout out shout out all right. Robin hood is above ah time to lock in the tenties and even if it falls whatever part of it part of the game. But i'm happy with my gain good play and who knows? Maybe it'll set up for a different play later on, maybe today, tomorrow or something but right now, i am completely flat on robin hood, after locking in locking it in and just for those of you who maybe are turning in right now of what actually happened there Um, i was just watching the 4575 level i got above it, so i locked it in i had puts.

I was betting against robin hood. It gapped down. It was down like nine percent and now it's showing a bit of strength, and i don't want my gains to disappear. So it's kind of that simple.

Stick! Stick to your trading plan, all right! What else do we have moving? Palantir was moving yesterday, how's that looking today, still above 25 good for pound here, nvidia had its earnings, uh and gapping down on that, i guess it's at 191., how is roblox looking roblox back up to 82. matt, but asset repurchasing has been going on for a Lot longer than reverse repo craziness since may the first broke a trillion in july. Now it's triple the previously all-time high and i don't believe the fed can force participants to participate in the reverse repo system. So i don't see how the fed is undoing anything.

The fact that the rate is higher for a 24-hour reverse repo purchase than most bonds is concerning, and the reason why it's being used more and more also any participant can inflate child funds savings abc uh, big bob yeah. We would have to talk about that. A little bit later, i think, you're confusing at least to my understanding of what's going on, i think you're kind of putting two things together that might not necessarily go together. It's not asset repurchasing they're, taking money out of this system by giving these bonds uh yeah.

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