The Pattern Continues πŸš€πŸš€πŸš€
Dumb Money Ep. 62: AMC, GameStop & Crypto
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DISCLOSURE:
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XXXX Shares (Long)
XXX Calls (Long)
GME
XXX Shares (Long)
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance

On forty life, getting them tended so soon don't be mistaken. The apes won't be shaking or breaking because we're going to the monday very soon going to wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day, ain't fam. What you do wan na hang one or two. Oh you got imagine two.

Oh that's right held on tight jack titties every night. We was in way back when they tried to chop it down to ten henches couldn't come for him. Ace was strong until the end. Now, let's pretend shit to tell they'd be sweating had enough of these villains, but the eggs were rebelling cause we never be selling till we sent it to heaven now we'd be out of yelling, hey screw.

You kenny. I want my wife, a minivan to share with the boyfriend, but i pull up in the benz plates saying olive cranes going on an airplane, don't think we'll be back again celebrating every day like it's, your birthday screw kenny cause we're holding our foot getting the apes. Won't be shaking or breaking because we're going to the today's moon, probably more manipulation. If you do, a creation of a crooked operation bought more while it was low, got more dips in trader joe's.

Oh, you thought that we'd, let go what the hell you take us for. All of you can spend your last dollar in on. We don't claim to be scholars, we the smooth brain dummies and we never stood totally yeah. We do this for love and we do this for our honor.

A follower of 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s. Oh hell, yes, gon na, send it into space. Go fire up the jets done.

My dd call me out and john rocket man. This is the way gon na be girl, reunions, ground control to major time. We bout to have liftoff call us. Neil h don't be mistaken, the ace won't be shaking or breaking because we're going through the mud we're going to next fucking town, oh brother, what is going on gang hello, hello, hello, hello? What is going on folks welcome back to your friday afternoon.

You know in the summertime fridays have not been that fun and honestly i'd rather take that consolidation boring day than we're. Seeing right now. I know they're looking a bit rough, but please - and we've made these videos before when in doubt, zoom out amc currently trading at 42.80, it's down 3.5 on the day we've been here before. If we have these days, where it rips 20, it's okay to have a 3 drop and i get it and i think the people who are most panicked about it or once again these people who are buying options with too close of an expiration.

That's why? I always remind you: don't play those weekly lottos, give yourself time if you're a couple days out, sell and roll get sell your call contract and roll it over so you're, just not fighting with that data decay, but right now. This is very, very important. Keep in mind where we are, we've been moving up ever since this 28 dollar mark and we're now just halfway in this region, we double top the highs. We have this low at 39 30., we're just half we're literally perfectly halfway in the region.
Obviously, am i sitting here with you wishing that it was like topping out right here and breaking getting ready to rip, of course, but also, i think it's time to. I guess remind everyone, because i know there's always going to be a sense of panic of like when you see some rant of like it's natural, we're money like i'm, not saying you're wrong, but i'm saying one thing you could do to realistically keep yourself more calm. Is that saying of literally zoom out like understand where we've been, i mean we're trading at 43 right now, not that long ago we were sub 30 and on top of it, if we go to a bit of a bigger time frame right now, here's the two Hour, i mean it's really not like we just shot up and like we're doing this consolidation, it's a okay like i wish we were at 42.75. I wish we were at 43.75 44.75, any of that the higher the better, obviously, but this little red, like almost two like we're just undoing what yesterday's gain.

It's literally just like a replay in the opposite direction of what we saw yesterday. Yesterday we opened up this low and then we shot up today we opened up that level and we're just giving it right back. So we have two premium burn consolidation days back to back. It's a-okay.

Folks, no reason to panic both of these amc and jimmy have been systematically walked down. Is this algorithmic trading? Is this just big institutions? Is it hedge funds? I in no way think it's retail traders, because i don't think retail controls enough money in both of these stocks to simultaneously walk them down in a very similar manner. So i think this is algorithmic training, not high frequency trading. High frequency trading is different.

High frequency training is not a directional bet, they're, taking advantage of stock market plumbing and in and out within microseconds they're, not really directional players. So i think it is algorithmic for sure i mean look at this. It starts it gets a little high velocity and then it walks the line down all day. It starts off high velocity walks, the line all day, amc and jimmy picture perfect.

I could invert these symbols and it would be the most minuscule miniscule difference and the reason for that two different sectors: two different stocks - it's just people - are treating them as if they're similar, i'm not saying that's right or wrong. I'm just saying that's my best. Guess of what's going on right now is the exact same opinions and trades are being made on a proportionate rate for amc and jimmy, and that's exactly why these intraday charts are like they're, not perfect carbon copies, but in terms of the stock world i mean they're They're as similar as it like, really comes right now, but overall, whether it's amc or gme i mean even gme, is now in its range the way i'm just showing you its range. So here's what happened oops just for a little bit of friday, know-how jimmy, has shot up from 152.
As of august 20th. We shot up and we're now just consolidating sideways trading in a new range amc. Not that different. Overall, it's shot up.

You could either call it from 32 or from 30, it shot up and now we're sideways trading in a range we're waiting for that range. Obviously, our fingers are crossed. That's gon na break to the upside. We have that type of momentum.

We just have to be patient and wait, but don't let one red day really. I would call it less. Yesterday was a slight positive day. Today is a slight negative day so, like we have two premium burn days too, like just nothing days where, like it's just we're, not seeing a nice trend that is not anywhere close to something that would be like.

Oh, maybe i should like get out of my position. Obviously you got to do what's best for you, i'm not a financial advisor or anything like that. I'm not a fortune teller, i'm not a lawyer. I'm none of that obviously you're in charge of your own me, but right here i just view it as like.

Okay, so yesterday we were down and then we went up today we were up and then we just came down like we're just undoing what happened yesterday. So, like, basically, the market ended up wasting two days, but when you're quote unquote wasting days, remember what that actually means. That means that these costs to borrow fees they're, adding up if you waste our days - and we just simply have shares like okay, that sucks to be you, because you're still paying a cost to borrow if the people are actually shorting it so right there, when a Wasted day for us is never really a wasted day, because they're actually literally wasting their money well for us like we might just be a little bit more frustrated, be like okay, like i wanted it to happen. I want it to happen.

Well folks, we've been wanting this to happen since end of january early february, like if you push it off by a day a week a month at this point, does it really change anything? I think people are yes learning brutal lessons about options, and maybe how hang on maybe people are taking two biggest swings with too big of money that they shouldn't be betting, but beyond that, if you're in the world of shares right now i get it uh. I don't think your frustration. Your emotional state is unwarranted, but i'm here to keep you as tmi would say: calm cool collected patience will pay, patients will definitely pay and right here we're getting a little pop. Let's see what happens in the final two hours, you never know.

Maybe this is the final two hours where people are going to push her right back up. We could still go green on the day. The green mark is, i believe, 44 38, very, very possible. We have borderline 120 minutes of what's going on, um, listen, calm, cool collected if it's a friday afternoon we're going into a long weekend, fyi book public service announcement.
Just so, everyone knows monday the market's not going to be open, you're about to enjoy a three-day trading weekend and the last time happened. This was memorial day. We came back from memorial day, we had a do-nothing day and then the very next day there was a huge explosion. I don't know if that pattern is necessarily going to repeat, i wouldn't mind if it does.

Obviously, if we do nothing on tuesday and then next wednesday, we see a gigantic gigantic explosion, i'm i'm a-okay with that. I am perfectly fine with that, but this is what the play requires. Just it's going to require patients, patients, patients um. So that's what we'll be looking for and right here, let's see how it closes up.

I'm gon na hang out with you for the remaining two hours of the day and then we're gon na enjoy the weekend. Kick back. Have some cheez-its have some sangria, whatever you guys want to have, but i think i'm here and sometimes it's just more of that uh keeping people - i guess in tune with really what the bigger picture on the overall situation is uh. But what do we have here? All right some people talking about any how's, that doing 670, not the best all right.

Let me respond uh. I can't see your name, but the first thing is a super emote. Thank you. We're going to the fm moon shout out.

Mexicanos del mundo, matt uh sears, is entering end of liquidation process. Asset disposal could have dividend 15, plus c, get it g-o-t for dd. Okay, any thoughts on amazon paying to drive amc price down, so hedges can cover and invest in amc stock. Just learned this today.

I can't confirm, if that's true or not, i need to look into it. People were asking about it this morning. There are some parts, if i'm being completely honest a little bit, i know about it. Some of the parts of the dd make sense to me and then other parts of it make me scratch my head.

So right now, um, i'm not going to say the theory is accurate or inaccurate. I'm assuming it's one of those things that the truth is somewhere in the middle, but i need to dive into it a bit more. This weekend, uh, like i said some interesting parts. I was like okay, that adds up and then other parts i was like.

Well, hang on, i know that's wrong, so that's why i'm apprehensive to completely disagree with it or completely agree with it. I'm somewhere in the middle - and i just want to - i guess - spend some time over the long weekend to dive into it more, but i don't think anyone's going to make trading decisions on it in the final two hours of the day. But overall, this concept of an acquisition, one of the biggest red flags for me, and maybe i'm just missing something in the legal process of all this - is that there's no one entity that controls the majority of the vote. So, unless it's like what like a hostile takeover or something, i have a concern of just like it being an acquisition target.
Anyway, it was a little bit more reasonable when wanda was in there because they controlled a lot of the vote. But one is now out of the picture and in fact a lot of the as of at least early june. A lot of it was owned by retail, like we controlled 80, which is why the shareholder vote was so important because we control a lot of power. Um, so i i need to, i guess, like pull on some people that might know a little bit more about these acquisitions and hostile takeovers to see like what is or isn't possible, but um.

Some of the dd out there i know, is accurate. Some of the dd out there i know, is inaccurate and it's just kind of like picking through what is right and what is wrong. Matt after b b, i g ran up. Do you think we were looking at consolidation and just tempt for rsa to cool down before it runs up again um? I don't know if it's gon na run up again like that's.

I never know up or down it's just watching how it reacts to certain levels and then playing it playing it off of a sort, support or an area of demand back up to resistance and area supply. You just play it level to level, and then you could apply that on various time frames. If you want to be a bit more of a swing player, you could look at the daily, the weekly but bbig i mean as long as it's holding on it's there. I mean it has short interest if you start getting some technical breakouts.

Of course it can move, but that's also a big. If you still need those technical breakouts litecoin is ripping faces off uh i would let's hang on litecoin. Is that true? I have such a bad litecoin average, i'm like super far down on it, uh litecoin, wait. This doesn't seem right.

What is litecoin at let's say for argument. It ends up being somewhat true. Does it really change or game him not at all? It won't and that's in reference to the amazon thing, but hang on. Let me check what litecoin is at i'm talking.

I have a horrific average average on litecoin litecoin, currently trading at 212 uh, so it's up not too long ago was that like 175, but i need to get like like for me to be break even on it. I need litecoin to keep moving moving moving. I'm talking above 300 just for me to be break. Even that was probably one of my worst like crypto ones, but who knows litecoin could come back.

I'm not saying that it's! Why isn't it light light coin dollar? Here we go yeah litecoin's on the move. Uh just broke out of 190, like i said not too long ago. It was actually 166. I thought it only hit 175, but it's on the move.

Um. I got into litecoin back here in this craziness uh, not good, but hopefully we get this dramatic comeback. I'd like to see a swing back up to 293 300 on litecoin um team, i jokingly see said he had the best fashion style out of amc youtubers. Your thoughts i mean he does have a very stylish mask, we'll give him that the big question is: does he have any duck uh duck based apparel buck duck print apparel is a big question, but from what? What we've seen? What he's chosen to show to the world? I would say that his mask is pretty fashionable: oh hey mark it's the intraday action on suv promising for next week or volume or too low meaningful, have a good extended weekend.
My guy today on s e v. Let's check out sev super super low volume. I wouldn't like this stock at all. Ducky financials.

Is this what we're talking about suvs this the stock? If so, i wouldn't trade this. What so, it seems really really weird it's on the otc market. I don't know if this is what you're actually asking about uh. Still me subaru guy.

Could you give vortex for vih when in the bill 1025 i like the chart, uh i'll swing it so vih we know still has a high short interest. If that's what you're asking for uh but a weird day, it opened up, shot up and now selling off. So that's not my biggest, not the biggest fan of that rejected right at 11.50. At previous resistance.

What's the gap fill you're looking for i'm not seeing any gaps in the current chart on vih, when oh you're saying you went in on the gap, phil yourself at 10, 25.. Oh, what a trade? That's smart, good, good dip! I i see what you did. There was a gap today and you bought it on the gap for the reversion. If i were you, you could do something as basic as just setting your own entry point as your risk uh.

So your worst case scenario might be like just breaking even on it is a possibility, but nice trade. I like that very proactive of you just got more amc shares and 60 calls for 917 have a good feeling about next week been watching since the good old tesla yellow days. Keep it up shout out. Anyone betting on rblx, going down for end of lockup should rethink market beats as they expire monday, but i think it was a direct offer.

I'm uh i'm bullish on rblx just so everyone knows, i think it's a great long-term investment, especially at its levels um. If you're willing to hold it six months a year a couple years, i think rblx is a good company. I cannot afford to buy call options with further out expiration dates, so i'm just going to stay out of it expiring worthless today, but i bought the dip. Shout out timothy ttcf turning a corner, can you help with dd uh? I don't know any of the dd on tattooed chef.

Do you still have your 917 calls and what is the point in option? Do you usually start consider swinging uh, i mean, i know if i'm gon na swing it from the start, unless, like day one, i get crazy, crazy gains um. So but when i get into i'll, be like oh, i'm gon na be in this for a bit and i still do have my 917 and some other dates at various expiration. I have like uh. I guess a myriad of amc calls so right now.
I have amc, shares and calls and then gme shares what do you think about ceice looking good today? I don't like it because it's a penny stock, but in terms of its chart it is a bullish. Looking chart we've been talking about this now for a couple days. A nice entry was like - i don't know, i guess like the sub uh, maybe low 60 cent would have been like realistic in the in the moment that we were looking at it, but right now it's moving. I wouldn't get into it now because it's chasing, but maybe if you feel really good about it, maybe you think it's a worthwhile chase, but i wouldn't do you ever check out the cosmic lighting warrior he's the best gamestop youtuber ever he's quite knowledgeable.

I don't know who cosm no. I haven't seen cosmic lightning warrior but sounds cool. I mean, if he's supportive of gamestop, i'm supportive of him. Can you give your opinion of doge at the moment, of course, doge doge doge um? I really like this trendline breakout.

It shoots up, rsi gets hot, comes down cool down right now i mean your risk is pretty simple: you could risk 28 and a half cents or risk 27 cents for potential upside in the short term to 35 and maybe in the long term, 75 cents um. But i think crypto right now, doge to me seems like a nice entry cardano depending on your time frame. You could just risk 290, you could risk 270, that's pretty close. It's the more! You pay attention to me and watch this stuff.

The way i look at it is like okay, what point am i going to risk and if i, if that's a reasonable risk point, am i okay with risking that amount of money and you could adjust your size accordingly or maybe you just like? Maybe it's a bit too far away. Maybe the risk reward ratio doesn't really add up in your head. That's a possibility, but right now i mean across crypto. I think i think crypto is an amazing spot right now.

Do you play valorum? I don't um valerie wait! Wait valorant. I thought that game hasn't come out called the word cold of war valoran. I thought that game hasn't come out. I just started gaming again, i'm not much of a gamer and i'm trying to get into it.

Just uh, really for me to like decompress. After some of these days uh, so i recently downloaded assassin's creed and i've been playing that um. So, if you're more of a gamer, if you'd like that stuff, just to hang out and more of like a calm cool setting, i shouldn't say it's that calm, because i usually die a lot and then freak out um, but anyway, a different setting, not a stock Setting we've been doing that on twitch, where i just play like some assassin's creed valerian, i was just talking uh actually with like uh valerian is out. That's the new call of duty game right valorent is free.

I thought warzone was the one that everyone's play. Oh, am i thinking of vanguard? Oh my bad. I just saw the v letters um. I don't know what i'm not gon na play apex cuz.
I heard it's um like i don't think that's the game for me to hop back in on. It seems like a bit complex and i think i need to start it off more reasonably, so i was either here was my idea. My idea was uh to either wait for new world to come out where we can all play it together and we can make like a tribe or a group or a community or whatever it's called or we could that comes out at the end of the month. I think cold cold wars out now is like okay.

I could download that on call of duty and play that tonight um on cold war, because that could be kind of fun, but i don't know if many people play that game anymore or i could just play playing assassin's creed. I don't know i wanted something that we could play together and mess around with um figure that out. I need to figure that out, but we could talk about that later, but either sometime tonight i'll definitely be playing something tonight and i'm thinking about streaming. It uh it'll definitely be on twitch and i'll, probably also stream it to the backup channel just to have it because i know some people don't like to get on twitch there um shout out s schwartz88, that's very kind of you um, but i mean i like Assassin's, creed, it's fun, it's fun, it's fun, but i'm excited for new world.

I i haven't played video games since i was in high school ever since i went into college uh. Basically, the last time i really played video games was like 2011, really, maybe 2010 uh. It's been a bit so like i'm gon na have to knock off all the cobwebs uh with the dd showing amazon. I wouldn't do new world um, but that's i don't know uh.

What's going on there with this amazon thing, i don't know if it's necessarily true. I'm not saying it's not true, i'm saying it's worthwhile for us to look into some of the parts of the story. Don't really add up in my head, all right, iwm and even with it they it's still. The stock is going to trade out what the stock is going to like trade at like it is the market value it's going to be in equilibrium as much as uh.

I guess power as amazon and or bezos has um they're gon na have to do. I mean: do you know how many people we've been fighting against? We've been fighting against the entire wall street establishment and do you think, like one guy is gon na come in and, like i know, he's powerful, i'm not saying he's powerful, but here let's dive into this as if it were true like let's say we could like Just prove like yes, amazon, specifically bezos, is trying to screw over this community and pick up amc for cheap. Let's say like that. For some reason that is verified, let's live in that world i mean folks, he still has to live with us like he still has to battle us like if it were true, which i'm i'm not saying it is i'm not saying it isn't it's not like.

Oh okay, all of a sudden, that's true and, like all the apes are gon na, be like well, okay, i guess we're going against bezos. I guess we're done now. That was a good run. No way is it gon na play out like that, no way in the slightest.
Is it going to play out like that? If anything, that would embolden the audience and more people would come in that, don't even care about amc or the apes, but they that they come in and specifically hate amazon and specifically hate bezos like if anything from a pr perspective. I think it would strengthen our cause, because the cause is very much david versus goliath. The 99 versus the one, the populist versus the elitist and when, like the narrative of it, would sound crazy. The narrative of this is already like.

I just said it's that david and goliath, but now all of a sudden, it's like oh man, like they were fighting against citadel and it was a giant boxing match and then another guy came in and that guy's bezos, like he already has a name. People, like are more than happy to fight against these billionaires like it's. The the narrative, if this were all true, would go more in our favor and more people would basically just sit back and be like fuck. These people we're doing what we can and it would it would embolden more people to fight back.

So from a pr perspective, whatever is going on to me, it sounds crazy that they would be doing it that way. If anything, you would think that they would want to do it secretly and not have it. I guess out there at all, like you think it would only the like i mean bezos. Doesn't he own a newspaper like in all of his media contacts and everything like they would literally not have any news of it come out until it's a completely done deal? So that's why like - and i know like - i need to spend more time personally like diving into the details of this story, but just on a holistic level, like some of my my like duck, senses are going off and i'm like all right.

Does this like really make sense for the current situation, um timothy? What's going on, i love the idea of running in a new world moon game guild as a guild later and raid leader for many years. Count me in shout out shane vortex update 6.5 million borrowed today. What's going on time for me to get back to work here to see on twitch tonight, uh me, chris assassin and twitch king shall be waiting. Shout out club put billy good luck with the remaining of your work today.

Can you put some lines up for any, so we can wish a good luck. Next week we will be back to 12. uh. The main line was the breakdown above seven and now you'd watch this pre-market low of six uh, so basically you're just in between those key levels of six and seven dollars all right.

What do we have here? Nope, i'm just hearing voices in my head. Oh wait! I have an idea, i know exactly what to do. I know exactly what to do. Let me fix this.

No, no! No! No that doesn't seem right. Community gotcha, all right, sweet fix that up all right. Let's do that quick, vortex check, though just so we know where we're at on amc and on gme, so amc they borrowed 6.45 million for a net of 6.27, a short interest, we're almost at a record high, very, very close uh. Let me show you this: the high was right here hang on.
Let me go out a little bit. It was technically 19.64. We have hit 19.3937 uh 1 8 and we've also hit point two we're at 19 again like so when uh. What was it about? Two three weeks ago, rich greenfield went on cnbc or something he's like.

Oh, the short interest has dried up. The short interest has in fact done the exact opposite of dry off. We are at i mean if you were to do technical analysis on the short interest. Look at resistance resistance resistance, higher low higher low higher low uh looks like the short interest is trying to break out um.

If you were to do a quick ta on this line here uh, let me show you that a bit better look at if you were to do some very basic ta. The short interest looks like it's about to go to a new year high, all right on gme. They a net borrow of 71 000 with a borrow of 219, a short interest of 12.17. All right looks like we're finally getting out of this downtrend line on amc and gme.

Let's see what can actually get put together for the uh remainder of today for bezos to do a takeover when you have to buy 255 million shares for a majority plus with the other 117 million short, it drives the price to pluto yeah. That's like some of the logical aspects of it like you, don't just buy like you have to buy it from willing sellers right now. There's not one entity that owns 50 51 percent of the company, so for him to take control of the company he would have to buy it from us like he would be buying it if we know apes own 80 right there. That would be like, even if he bought, i guess the leftover 20.

He would still need to buy from 30 from apes. It just doesn't really add up to me. How do we compare today's action from the friday before the sunday run-up? I know we had a red friday before that long weekend. Did we do we do? I thought it was a green, a green day.

Oh, you are exactly right. We dropped actually more severely. We dropped 17.9 on that day, the friday before the long weekend, then, after the long weekend we had a do-nothing day and then on the wednesday it exploded. So if that is the pattern, we're actually holding way better, do you know how much people would be losing their mind right now if we dropped 18 and that happened when it opened at 32? I mean folks we're doing this all over again, but we opened up higher.

We opened up at 43., all right over 12 million netbar past two days haven't seen obvious shorting think they are clearing ftds or what would happen to the price if they dropped it um. So for them to be borrowing extra shares right now, i don't believe that would help them with ftds for the ftds. That would be the prime brokers properly. Locating them, prime brokers, wouldn't be borrowing it so for them to borrow, if you're, seeing that borrow number go up, the one thing you do with that is short stock.
You either short stock or you say: oh, i don't want to short it and you give it back. You wouldn't borrow shares for another reason: you don't borrow shares to take care of an ftd to do something else with it to cover like some sort of put or call. You exclusively borrow shares to look for a shorting opportunity so recently. I actually think that we are absorbing a lot of new shorts.

I really do uh, which actually, maybe you don't see it in the percentage-wise, and it shows me that with the spike in shorts, which or the spike in shares on loan and the price action kind of sideways a little bit down. That actually shows me under the hood that there's quite a bit of buying because we're withstanding quite a bit of a blow. I mean today on amc, it's traded, almost 42 million and we absorbed 6.5 million of potential straight up shorting i mean that's, that's pretty impressive! That there's still and i get it - we got knocked down two and a half percent, but when you look into it in general of like that, much extra supply to the overall situation, um. That shows me like that.

There's actually like kind of a - i guess - quote: unquote like secret buying or like unseen buying going on to stop it from like completely free falling uh. What is your opinion of the olb chart? Setup, olb, uh, intraday kind of swinging back i'd be paying attention to 550 on the intraday on the daily, though not good uh it gaps up shoots up and then sells. That's not a good scenario on the daily uh amc pushing look at this. You start the stream, you start the stream at two and it starts going right at two, that's kind of actually freaky.

I feel like usually i'm more of a bad luck charm, but you start the stream and the stock pops not a bad deal. Let's see if it can get back to 44 and then uh, specifically green on the day would be nice right there. Why did that not mark 44 and then 44 30, 8 right here um? What do you think about v chain? I like v chain i own v chain. I will be in v chain for multiple years.

How do you feel about de deer and company? Look strong you're, just looking for the breakout at 400.. It might it might not, but i like higher lows um. I would just watch for that break at 400.. What how do i feel about people riding my coattails um folks, it's gon na happen.

It's we we've seen this before we're gon na see it again in the future. It's people love to ride my coattails people love to ride trays coattails, i i guess my only thing is: if that's how people want to run their social media, let them run their social media that way, but let's be nice at least from our community. That's all! I ask for is like we'll be nice uh, other people can go low, we're gon na go high and that's it's like it's honestly that simple, like there's so much things better. We can all do with our days than like, engage in internet squabble like we don't want to become the keyboard warriors.
Let the keyboard warriors do what they want and then these other people, like, i legitimately, think some of these people out there need a little bit of help. I mean some of them seem like legitimately deranged and i hope they get the help they want. But i don't know i mean people are gon na ride. Coattails it happens.

It's welcome to the internet um. Some people have become really really famous off of writing other people's coattails it. It is what the internet is. I actively choose to not engage into it, and i ask you also to not i mean it's just: are you gon na feel any better if you, even if you get like a a hot zinger that like pisses, someone off and and you really get them, is It is it worth it all right, apes, don't pull out, we just make more apes shout out.

Matt is back at two and it starts going up uh to make even better piss them off put some limes on the rock. It's all right the line, the lime and rocket technique, the lime lyman rocket. Let's get the lime right. There proven proven technique, we'll get another lime going sweet, sweet sweet! Thank you! Apes for amazingly holding amc up.

You got my back and i got yours dry clean. Your spacesuit this weekend for next week shout out pb is theta burn normal over the weekend. Will i lose three days uh? No, no theta is based on pretty much like how many trading days you have left um. So it's not like it speeds up, because the weekend's longer it's only counting trading days, all right all right.

We have d e right there. How was iw i'm doing what is iwm doing play the song? What i need to do is actually all right, crushing it uh space travel for the long weekend, amc gme, tulips all right, sweet, sweet, sweet, all right, nice bounce. Maybe i should have not had my doctor's appointment. Maybe if i stayed here all day, this would have been better it bounced off of 42.50 and we're already at 43.50.

So, basically, in the time that we've been like rocking right now, we've had a pretty pretty solid dollar bounce jimmy holding on to 200 bouncing off of 199 up to 202 65. jamie's down 5 on the day. Amc is down two percent of the day, but let's say that for just now you know: let's, let's keep those fingers crossed we're going green, let's keep those going green. This is a good point uh, and this is from reviewdork uh, my buddy gabe uh.

That's his youtube channel amazon market cap is 1.75 trillion amc market cap 22 billion, so amazon shorts amc to make it cheaper. One company is worth 1.25 of the other, and the juggernaut needs to short, makes no sense. No none it just this amazon story. It feels like fud, it feels like people are trying to scare other people, and ah i just don't think this is well.
It's never a good time for people to be like, oh yeah, no, no! No! We're fighting against amazon we're fighting against bezos. Do you see this pattern of like playing into conspiracies um? I just don't think it's the most healthier the most. It just does not make sense to me and i think, review dork. You could check him out on youtube and you could check him out on twitter.

Has a good point like really like we're talking about a multi like uh in excess of a trillion dollars? I mean check out amazon folks right here. Market cap 1.75 trillion with a t. Amc is worth 22 billion. Does that like it's just? Could they do it? Of course, like you, don't get to be a 1.75 trillion by just giving out money? Would they if they are trying to buy it? Of course, they would rather buy it at 21 and they'd rather buy that 20 and would rather buy that 19 and would rather buy like you get there like.

Obviously i get that like just because you're rich like clearly they would want to save money but parts of the story. Just don't i don't know they don't pass the smell test it. It feels, like. I don't know.

People like with sprt bbig, bgfe whenever's, like oh, that's, a distraction, that's a distraction. It seems like this amazon thing is actually a distraction of like hey. Look out here. Look at this story like if anything like people are digging up evidence from like 2018 2020.

Like i don't know, uh it does make sense. He worked as head of a hedge fund company before, but how does that make sense? Just because you work out a hedge of the head of a hedge fund, rico rico dot, i'm happy you're here uh. I do ask you. If you could stop spamming, though logic and reasoning, rico you're, not gon na get banned buddy, but you can't spam it.

You got time down rico got time now, he's gon na come back hot rico's gon na come back guns, ablazing! Oh rico! I have a feeling you're gon na, be our in-house entertainment. For the remaining hour of the day. I i really i have a feeling, that's how this is going um. What else do we have it vortex update 7.43 million bar? Oh, it jumped again 7.43 with the short interest at 19.13, not that much farther to go to get to like a literal new high.

I'm like now more excited to see how rico comes back like i can already sense he's like getting ready like he already has the message typed out. He typed it out in his notes and he copied it and he's getting ready to paste it uh the timer. I believe is for 300 seconds, so it'll it'll take a minute or two but riku's gon na come in like a hot tamale he's coming in hot. I'm excited this will be free rico, free rico, oh rico.

Dot rico rico actually shares our borrowed to resolve ftds, especially in the case of naked shorts. They will borrow after the fact to close the ftds. This is how ftds can disappear, so they definitely have to borrow them. I'm just questioning if it comes up in that normal because remember it's not the hedge fund, borrowing, it's the prime broker, unless you're jesse, unless you're saying that the prime broker is then registering those shares that might make sense of like oh okay.
They almost like, if they're like updating their book and then it gets reported later, but it's at that point. The hedge fund already took this short and like they're, resolving it by properly locating the shares - and i just don't know how that would be done um. I guess like document wise, like from the point of like okay, do they update it then, or do they go back and like have to backfile it for a different date, because it should have already been done say his name rico, free rico, uh, hey matt! What are your thoughts on this? It's kind of a conspiracy reddit is on aws servers. If jeff bezos amazon is a real threat, wouldn't jv just need to shut down the servers during the mother of all short squeezes yeah i mean they could technically do that because of um didn't they do that, like with parlor or something there was like some sort Of social media that they shut it all down for uh, so i guess they could do that, but isn't reddit.

Also i thought reddit was thinking about going public, uh, hey matt. What are you all right? We did that asked about kplt a couple days ago. You didn't say much uh, no, my thing on kplt is: it just looks like a as a gap-filled play. I'm not saying it's a short squeeze play, i'm like oh okay.

I think it could fill the gap and so i'd be bullish on it. Look at this rico at first, i came in here egotistically thinking that it was me restarting my stream at two that got this to pop little did. I know it was just our boy rico um. I take zero percent of amc and jimmy's pop.

This is all because of rico being in the house and he's just he's just being pure form. Rico, i hope he's still here is his three second rico. Is he still here he's still here? We didn't, we didn't get him to rage, crit quit, thank god! Rico! Uh bees don't waste their time, explaining to flies that honey is better than shit. This community conspiracy never happened.

You already know brother shout out wall street viking. This is for the ricoh charity of 501c tamerico, hey matt love. The stream. Tgt has a perfect bull flag on the monthly any thought on it: um the bull flag on the monthly.

Yes, yes, yes, yes, the higher lows the lower highs after the explosion, i'm a fan of it, but that would be a bit of a bigger time frame of the breakout uh before that we still need to we pretty much. At that point, i believe would have to get over the 50. mod rico for the rest of the day. Uh i mean i think he can talk rico.

I will mod you for the rest of the day, but i need confirmation that you're not just going to be banning people uh. I think that could be our good luck time. It doesn't make sense. He worked as a hedge fund company before that focus on amazon.
The shill spamming same message on reddit, whatever talked about jeffy yeah, but this isn't reddit reddit has its pros, but it also has its serious cons. We're like trying to be a little bit more organized than just like spammers, but rico. I kind of want a mod rico just to see what happens. Um rico.

Can you promise me that you're not just gon na ban random victims, the other mods are like. Are you kidding me? No, the other mods are like gon na lose their mind all right. I think this other mods you have to understand this is to be a one-hour thing. He'll have oh 75 minutes, we'll give rico 75 minutes, and i just want to see what it does for this stock we're testing.

This might be. This might be the final thing he promised all right. Where is rico? I got ta find his name and we're gon na mod rico rico buddy buddy buddy. Where are you now? I got ta find your name hang on.

Okay there. He is all right, add moderator. Three two one rico dot has regained mod status. Congratulations round of round of indoor golf clubs for rico uh, he will be rico.

Dot will be a mod for the remainder of the day, till 4 p.m. East coast time he's coming back message. Oh brother, he is oh, i'm excited rico, lit rip man for real all right. We just modded them just to see what happens, i'm feeling froggy.

It feels like folks. We just got it. I need to fit in extra entertainment today, because the market is closed. On monday, since the market is closed on monday, we have to do extra stuff today, just to get all the entertainment out rico.

I love this. I love this so much all right. We got him rico. Remember with great power comes great responsibility.

You have a lot to live up to. Where is he? I haven't seen a message, though, as his mod status. Quite yet maybe he's trying to figure out his first big message to like re-enter into this world. Oh brother attention attention moon gang attention, moon gang, well, hell attention, youtube and society at large rico.

Dot is now a moderator for the channel. This is not a drill. This is not a test. This is real life.

This is not your conscious speaking to you in a dream: rico. Dot is a moderator once again for the channel. This will be going until 4 p.m. Eastern september 3rd 2021 - i repeat, not a drill.

Congratulations rico with great power comes great responsibility. Rico is pushing amc. What is he rico? You got ta say something man everyone's waiting for you he's just like going the nods. The mods are like.

Oh, what's going on, you got ta, get him on stream. My money says he's hilarious. I guarantee he's hilarious like i would bet any amount of money. No rico is sweating all right.

Let's see how this plays out, i'm waiting for rico game rico. Is he scared like? What's he doing he's not scared? Is he just, i think, he's trying to craft his perfect rico everyone's a little bit uh a little bit nervous they're, like am i gon na get banned, as my viewers start dropping one by one? I i don't understand why, and this is rico like banning, banning banning. Oh, this is too funny. Rico is a financial advisor uh thoughts on cei, i mean i like it.
Its chart does look strong, but it's also a penny stock, so i don't like it for that, but i do admit its daily chart is looking pretty strong and it's a bit chasy like i wouldn't enter now, but if you were in it it is showing it's Flexing all this time, rico is ken griffin, damn it matt uh conor goff. Thank you for that super chat. Irish, hey matt amazon story is being circulated over the shorting of cvs and walgreens. When amazon announced entering pharma market disney with all the franchises, they own have the only bargaining shipped for takeover paramount decree overturned august 2020..

Shout out irish dropping some facts. I love rico. He my baby, daddy. You need to get him on stream amc at.

I think it's over that now. Isn't it it's high? Oh, no, no you're, right! 1913. rico he's just he's playing it right. This guy's an entertainer.

You can sense it he's figuring out like everyone's on the edge of their feet. We gave rico the hammer. Is he still in here rico rico? Pal uh new rips are known as rico ribs. Oh lord, the apes are utilizing the annexation of puerto rico.

It worked for the little giants. Let's go. I just got here what what is happening? Who is rico so for those of you who don't know the story of rico? Here's what happened um way back when i don't know, probably months ago at this point, rico came in and it was he came in hot and he he's a supporter he's an ape. Um, but he's he's also an ape that has a little bit of an infused greg into him.

He's like a greg ape and that's what i thought was so fascinating about him, because i've never i've never encountered someone who is simultaneously both but he's very much a gamestop ape. I believe, enrico correct me. If i'm wrong i'm out time again, they keep tying me out, might ban the mods rico's swinging already mods, what's going on here so anyway, rico is a greg ape and i love him. I believe he's more in a game stop, but i he's also supportive of amc and the first day we met him.

It was so funny because he he came in and he he was like super like just freaking out about jim cramer, and i was like hey brother. I, like the cult of your jib, but we need you to calm down like a little bit too much of a greg status and i was like, but something about it because, like he had that flare in his eye, like you know, you see, you know sometimes, When you're on the internet - and you could see that someone has a twinkle in their eye - that was rico and i was like, i think, he's a secret ape in a greg's clothing. He hates kramer, but he he was a volatile character and i liked it it. I liked the cut of his jib, so i was like.
Ah, i think we can switch them over and completely convert them. So i made him a mod. It was like a psychology tactic and i think mods corrected me if i'm wrong, but he was good for a bit like. There was a couple days a couple weeks where, like rico, was fine and we're all like it works, we can convert greg's to apes, like we felt like we found the holy grail.

We're like this is the secret to the community, everyone who's against us. We will convert it and then a little bit into it. It was up up up and then the downtrend started. Folks, we were breaking all levels of support, all levels of support.

It was not a good situation uh. He was just banning people like he just literally started banning people on chat like completely innocent victims. Rico was just ripping their head off no remorse, and i was like all right rico. We got ta, take your monster, and that was a sad day.

It was a very somber day and it just went a little bit too crazy, um and since then he as as expected, got mad and he was gone. Rico's been m.i.a now for like about a month or two and over the past week or two weeks. Rico has come back and i want to see how it goes. I want to see what rico is really going to bring to the table this time around and i'm excited, i mean we start the stream off.

I thought it was me egotistically. I thought it was my stream starting that got amc and g me to go green again, but looking at the just the writing on the wall, i think it's rico and uh. It's so unchecky. He flew too close to the sun.

He did. He did. Someone just said: i want rico to ban me rico. If you want, you can ban tim l, t-i-m uh.

Second, word: l, the letter l. He said he wants you to ban him um. So, let's see how it goes this time, you know round two round: two, you just you never ever know he's modded. I modded him rico banned me! Oh hot! Oh! No! It hasn't to not been you.

He did previously ban. You he's a bit of a legend around around this channel. He folded all right, no he's still here rico's in chat. I can see him rico ban me we'll take it day by day whenever we need a little bit of a jolt in the stock, we'll just keep remoding rico.

Let's see how it goes. Free rico, um man, rico, is getting a lot of fans who like want them like they specifically want riko to ban them like he's getting his own little follower like his group right here. They're, like please ban me, please ban me, which is it's oddly one of the most like, i guess, cannibalistic forms of a of a group because, like his group, likes him because they want him to ban him, please don't be on me everyone's getting nervous how's. This gon na go uh.

Rico will ban himself the ultimate test. I love this. I love he's waiting. This is gold.
Rico girl, boss, a little too close to the sun. Bb ig looks like a big cup in hand on the five day, woke up at 1 pm today and shot up to go positive. Uncle rico is selling tupperware right now rico. I need you to bring us more attendees rico.

Only fans - hey rico, if you run in only fans. This is your point to plug it did jimmy by sears uh tweeted a sears demo months ago. I don't know if that mean. I don't know if that means that it bought sears all right check out sprt.

It has a triple bottom and a cinco top the classic triple bottom cinco top setup hey. How close did it get to my target of 20? It hit 20 62.. Hey, not bad. I still thought it was going to get closer.

If i'm being honest, i still think it's going to tap 20. um rico rico rico, we got ta figure something out. Can you specifically dm me on twitter? I feel like people want the reveal the official ricoh reveal. So i think we should chat about it.

Uh shoot me a dm on twitter. I think this could be. Is this stock channel masochism? It is for rico's specific group. I think the ricoh supporters are specifically more supporters of him than they are me.

Please. Damn me on twitter he's quiet. He just vanished, which is almost more scary. It's like: where did he go? We just unleashed someone in chat, and now it's really really awkwardly quiet.

This is honestly the best psychology play he could have ever had. He gets modded. He comes in he spams a lot. I end up modding him and now he just disappeared into the darkness and we're just like left in this room.

Rico banned me shirts. Oh, that is hilarious. Uh afternoon. All these videos with amazon shorting amc to buy them out is nonsense.

Why would amazon take the risk, my opinion? It's all bs uh, that's slightly the way i'm leaning, but i wouldn't i'm not gon na, stick to that too extreme. Until i do a little bit more of my own dd rico's, really jim cramer, like a ninja. Oh rico, it's actually more scary that he's playing it. This way mentioned by the street no way the street famed amc.

Trainer matt kors offers his take on apes versus wall street. Oh, this is jim cramer's thing. Isn't it it is that's pretty funny famed. I don't think i like that.

I think it should say rico associate amc trader, matt kors offers his take on apes versus wall street, and i wish they capitalized apes. This isn't just like a normal ape rico doing synthetic bands. I like it. I like it.


20 thoughts on “Ep 62 the pattern continues dumb money: amc, gamestop crypto”
  1. Avataaar/Circle Created with python_avatars Hoopoe says:

    I should have written my earlier comment differently. The site is great – the videos with the real Matt Kohrs are so helpful and entertaining. It's the comments below that are so annoying as many of them are from people trying to advertise.

  2. Avataaar/Circle Created with python_avatars Hoopoe says:

    It's hardly worth coming to this site – I want to see what the real Matt Kohrs and his followers have to say, – not all these made-up ads.

  3. Avataaar/Circle Created with python_avatars Thomas Eldridge says:

    Can you post a hyperlink so we download your "We're Going to the moon" song???

  4. Avataaar/Circle Created with python_avatars DiscreetBtm xxx says:

    No price action after the margin call deadline of Sep 3rd 10am EST, does it mean there’s still chance for squeezes at least like what we saw end of May/ early June or there will not be any chance for any kind of squeezes at all?

  5. Avataaar/Circle Created with python_avatars Diamond Balls says:

    So many bots in these comments. We must be closing in on the end game

  6. Avataaar/Circle Created with python_avatars Mark Hayes says:

    Your clueless saying BDR shares of AMC are normal! Your such a shill…

  7. Avataaar/Circle Created with python_avatars Ishita Adzul says:

    HCMC and ACIC are going to be one of the best markets to invest in. I already made my first $21k. Cashed out and still exploring. Trade wisely

  8. Avataaar/Circle Created with python_avatars Madhukar Koratagere says:

    Uncle Larry sent me to your Youtube channel

    Can you give your best 4/10/20 stocks please?

  9. Avataaar/Circle Created with python_avatars martin krnac says:

    <Nice work mate,I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are tradn without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.I was able to make 7b TC in just July from implementing tradess with tips and info from Raymond Tregre

  10. Avataaar/Circle Created with python_avatars Maria J Lish says:

    <Leqrn There are so many way to accumulate and stack up your portfolio The crypto market has been unstable. People ask themselves if this is the right time to invest? before jumping into conclusion i think you should take a look at things first. BTC price fall means analysts remain divided over whether it is entering a bear market or is just suffering a brief correction on the road to more record highs. Investors who bought early are still in profit despite the recent price crash and they also earn by trading. I'm still an investor and still I'm winning by applying the same method in every trade, you can also become a winner today. We should follow the way of earning more regardless of the current market (bulls or bears), which is trading. Buy the Dip and Trade … I have made over 5 btc profits not just by buying the dip but implementing trades with signals supplied by Brenda Simpson a veteran trader.

  11. Avataaar/Circle Created with python_avatars Alice Ishan says:

    <The market’s top two cryptos have been moving independently of late. While Bitcoin’s path saw a lot of consolidation, Ethereum has been going up on the charts over the past week. As both Bitcoin and Ethereum holders looked reluctant to sell-off at a crucial time amid anticipation of a price rise. The indication now is there is no better time to stack up more Crypto by trading; the best way to do that is with the help of a professional. I was able to make 6 BTC with 2.1 BTC from the beginning of August till now with signals from a trading program for investors/newbies run by James sung

  12. Avataaar/Circle Created with python_avatars Floyd Mayweather says:

    I'm no longer waiting for EDIL GRANT LOAN because i earn $ 26,700 every 10 days recently

  13. Avataaar/Circle Created with python_avatars Jeff Jean says:

    Question: I’d like to hire the artist that sang/wrote intro song for you. What’s their tag?

  14. Avataaar/Circle Created with python_avatars GodDammitBrian says:

    Thanks for all you do brother. I've learned a ton from the videos. Still much to learn…

    Please do a technical walkthrough of the trading bots you've built for coders! Thanks – keep it up

  15. Avataaar/Circle Created with python_avatars Davis Daniel says:

    My life has totally changed since I started with $7,000 and now I make $ 29,450 every 11 days.

  16. Avataaar/Circle Created with python_avatars Investingexplore says:

    As a relative newbie this series is priceless, you are by far the most entertaining youtuber I'm following, please don't stop making videos! I've also learnt an awful lot form listening to you – thanks!

  17. Avataaar/Circle Created with python_avatars RockA Moo says:

    "we're the underdog." So i'm imaging black water a 9 trillion hedge fund investing in amc?

  18. Avataaar/Circle Created with python_avatars Ms Harris says:

    Everyone Listen up, I stumbled across a Extremely PHENOMENAL AMC youtuber named GENCOLLADO his AMC Price Predictions, Price Action & Technical Analysis has been on the money., he hasn’t been wrong yet, I’m so serious, he make those big youtubers look foolish when it comes to AMC price Predictions., go see for yourself.., you’ll be so impressed and definitely amazed

  19. Avataaar/Circle Created with python_avatars Mary Jark says:

    Despite the economic crisis, this is a still a good time to invest in Gold and crypto.

  20. Avataaar/Circle Created with python_avatars Mei Akio says:

    <Good job Mate. Lately, when asked for predictions about bitcoin and cryptos generally, most experts on youtube and other media, predictions are mostly generic with no specifics on the direction. Everyone seems to be guessing and getting even more confused about the future. The only constant thing I can say for sure is that the traders are actually earning good returns while HODlers are always concerned about what the future holds for bitcoin or if there is even a future at all. With the insight, skills, and experience of a trader like Like James sung the sky is the limit. I came to this realization when I made a return on investment of 87% in my first month using his signals for my trades. Not to sound biased, there are lots of GOOD traders out there but James has been of immense assistance to me, especially with his signals and strategies.

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