Patience Pays
Dumb Money Ep. 74: AMC, GameStop & Crypto
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DISCLOSURE:
AMC
XXXX Shares (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

What is going on apes? We are back at it again welcome back to the number one sports podcast in the war in the world, where we're here to talk all just sports sports sports. You guys know me big big sports guy, huge. I like to talk about basket hoops and footballings and and the the the bat and the ball um we're all here for sports. Welcome, back! Welcome back to matt kors, i'm the number one sports commenter in the world and we're here to comment on sports.

We're also on this particular episode going to talk a little bit about stocks. I suppose, because i don't think there's any sporting matches going on at this moment in time, but you know what is going on at this moment in time: amc whoa, whoa, whoa brother. Can you take a look at lcid and v-i-e-w on ortex i'd, like your opinion, lucid motors 49 million shares alone, 99 utilization 3.5 days d to cover plus news today and they get 52 mile range view it's 25. 90 um.

I mean - i guess, if you have that info, though, why what's the short interest like if this concept of going around and hunting for a squeeze play like we, we've kind of well defined that it has to be on the threshold list to really have some legs To it, lcid has a short interest of six percent. That's not a short squeeze play i like lucid, but i like it for reasons beyond the fact that it could squeeze. I don't think it's gon na squeeze if it moves it's because people like it like it's, not a highly shorted stock and v-i-e-w, that one's different that one has a short interest of 35, so potential uh it trades on the nasdaq. Is it on the threshold list? Uh, what am i looking up? Nasdaq threshold list view does not make that list, so it might do well, but like you're you're fighting against the the trend, i suppose like of what's going on like it might work out uh, i don't know much about vue.

I do know about lucid, i do like lucid, i think lucid, is a very reasonable eevee bet american luxury market ev. In terms of view, though, i don't, i don't really see anything too special about it. It just doesn't make my criteria when, when we have things like bbig, when we have things like any, i mean there's a there's, a host of higher probability. Trades, i guess, is the best way to put it and just because it's high probability does that mean it's going to be the one that works out? Well, no, but the stock market is a mechanism, ideally of continually engaging in optimized risk to reward bets and, in the long term, being net profitable um.

So with it i mean, like i said i like lcid but um. I wouldn't get too crazy focused on dtc because, as things start moving, the volume goes up, so dtc is underrepresenting how quickly the shorts could get out uh. So i'm not the i like to know the dtc, but i don't like really make my training decisions based on days to cover and also utilization. So i say that you have the short interest in utilization, but you also need - or you have the shares on, what do you have? You also need the short interest.
You need short interest shares on loan and utilization. You need all three uh for to make sense out of the other ones, matt hope you're still on shiba inu. I just got to listen to coinbase, regular, it's going up like crazy um, so i have a very small amount of shiba inu and it was gifted to me from voyager for like completing one of their. I don't know questionnaires or something so.

Here's my sheba experience. I didn't know i had it so one day i opened up my voyager account. I have i was gifted 200 of it from voyager for completing a questionnaire, and i am up 26, so i've gained, like 50 bucks. Sick, hey, 250 bucks not a bad deal.

Apparently, i also have vgx that i'm down on algo man. Some of these swings in crypto, are just bonkers folks. They are bonkers matt if bbig doesn't break nine cleanly before the bell. I'm gon na punch my driver's side window charge after charge rejected gosh darn it.

I feel like it might not do it just because of it knows how emotionally accepted like emotionally on tilt. You are with the market. This is all bvig is not moving by a massive multi-million dollar money supply. It's moving to piss off craig scott, the market craig.

I don't know if you've heard this before, but the market is out to get you. It specifically knows what you want to do and it will do the opposite. This is why we um everyone should just trade, the opposite of craig. No man i mean bbig is looking strong and bg's having a good day.

Um it's holding up, we know nine dollars is important. Uh just give it patience, pace. Folks, the title of this this particular, i guess, live stream. Patients will pay.

Why is my put down if the stock went down? Uh volatility could be drying up. Also, your theta is hurting. You remember options, i'm seeing a lot of this from people. My worry is that there's a lot of people who are now recently finding out about the market that are jumping into options trading way way too early without understanding.

What it truly is. Options are priced on a multitude of thing, with the three most important things being the price of the stock, the volatility of the stock and the time until expiration, even if it trends in your favor as in the stock price. But if the volatility dries up and, of course, based on the linear nature of time, we are closer to your expiration. You can lose money.

So, when you're playing in options, you are betting not only on it. Trending in your favor, your print you're betting, on it trending in your favor quickly and in a volatile manner. Um, it's kind of like a triple bet. There, uh, hey matt people, talk about proxy on bbig.

Can you explain this some say it's same as merger and i was wondering if that can proxy make bbig like what happened. Sprt uh. Thank you in this case, i don't think so. I mean i'd have to check with true dream and on this one i know he's been tweeting about it.
Um i think bbig is the one who's doing the absorbing um, while gree is the one that absorbed sprt, sprt um, i i believe so. Let me just double check: pbig yeah, i think they're, the one who would be doing the acquiring. I believe. Let me double check reports.

Yeah, like i mean bbig, who are they absorbing the the social media low motif, l-m-l-o-m-o-t-i-f uh, it's kind of like a social media thing kind of like a tick-tock, slideshow, powerslide powerpoint thing, it's just another social media. App that i don't know. I don't. I don't know if low motif is really uh getting the most traction with all the cool gen z, kids uh, but i mean that is the acquiring company like.

If you look at bbig, it's vinco ventures like check this out. Oh wait. It says an industrial conglomerate. It's probably more aptly described, as you know, my favorite a financial conglomerate, but bbig is basically just like a money vessel that helps other companies go public like it is doing the absorbing it yeah it's buying 80 of low, motif l-o-m-o-t-i-f.

We got everything handled and are now searchable. Twitter. Hollywood, pc. Thank you, okay, shout out hollywood.

Do i think irnt will come back? What's it doing what come back? It's up! 29! It's up! 28! It's it's there! I don't know if this is a come back um. If your question is, could it keep going yeah but, like you're saying, come back when didn't it hit like an all-time high today, yeah, it's what's its all-time high 45.81 and it's trading at 41., like a year you're like that's a little bit negative on it, i Mean it's: it's there, man, it's a thing, you're living it all right. What else do we have going on? So we have bbig up bbig, currently trading at 8.72, uh amc trading at 48 man. The fact that this is already pushing like so we know 4850 is resistance.

Like oh shout out, paul, hey paul, hey paul. What a brother paul just became a space ape indoor claps for paul good job paul. Thank you so much. We appreciate that um amc.

Looking good love it above 48 did get rejected at 48.50. We called that level up before these are like there's nothing too special about the support and resistance. We call out on amc and jimmy yeah, there's a lot of people who like to feel special as if they have some, i don't know superior skill set that gives them insight into the matrix. That is the stock market.

No, you can, you can get pretty far by just looking at and understanding basic levels of supply and demand be like. Oh it bounced here. Oh it got rejected here. We've seen amc get rejected multiple times at 48.50, so i threw up a yellow line.

It's like! Oh, i wonder if this will be an area of supply once again and as of now, it's acted as that, but we're seeing a lot of strength in amc and we have about an hour and 15 minutes 50 minutes for this to keep rocking on the day. Uh, i wouldn't really be that surprised if this thing cruises breaks above it and gives us the old test of 49, maybe we get real lucky on the day, maybe in power hour a nice test of 50. That would be absolutely awesome very, very exciting. All right, a lot of people seem to be interested in shiba inu, i'm i'm personally, not um.
I mean i there's not enough time in the day for me to learn about every single crypto project and actually over just this break that we were taking midday. I was trying to learn more and more about hex and, what's going on there, i'm not gon na lose my attention from things that, like, i think, have more potential to just some like quick runner coin. It might be good, one might be a bad one, but no matter what it is like. Okay, i'm gon na listen, i'm gon na miss the boat on it, harmon becoming a space ape shout out harman.

I appreciate you joining up. Nobody real is interested in shiba yeah. I mean honestly what what satsiva, apart from doge like, why do people think sheba, would be better than doge. Isn't it the same concept of just kind of like trolling, the crypto system, the crypto fan base the crypto community um? I don't think the draw of sheba is enough to pull people away from doge when you're kind of pitching, like the same thing of like oh, like we're kind of trolling the system and then like they disguise it in more of a sense of like.

Oh, it's a it's a digital currency, though it's like okay. Well, we have that we have that that's more widely adopted by other people. I i just don't. I think shiba inu is going to have a very tough time pulling away market share from doge.

I just got back on: have you covered anything about gr, ee uh gre looks like it had a good morning and it's been selling off yeah. It shot up this morning, selling off uh g-r-e-e. So i i this is another thing i found out kind of over break uh was that this whole thing, like all the numbers and the confusion about the conversion, all that that is all in the filings like that is all public registered with the sec. You can see the filings from sprt of what stock becomes of what options become of how they're handling it.

The one thing that does some seem really weird - and this is me saying after reading, through the filings, the downtime and the fact that the conversion was not instantaneous, i would i would not be happy. I would be on the phone with my broker chewing them out because, in my personal opinion, the handling of the sprt switch to g-r-e-e, the the the delay is unacceptable. It truly truly is all the numbers that people are seeing are right. Um i mean if you were in sprt the switch over to gre all the exact numbers of like it being like, i guess, transferred at a proportionate rate.

All that is spot on it's in the filings. All that was like publicly accessible information. What wasn't publicly acceptable is that, apparently, every single brokerage out there and their mother was going to fumble the entire situation and stop people from accessing their core positions on a highly volatile day insane insane insane um i in a million years never thought it would be Like that screwed up of this situation, but i have seen weird conversion issues before and that's exactly why when we were trading sprt, i said hey. This is the last day to trade sprt.
It's switching, i don't like the risk of it and that's coming from a person who's identified as like a pretty risky trader. Um. That's why i got out of it if people ended up for whatever reason swinging sprt puts well, you made a killing. Obviously you made a killing, but for anyone who is long on sprt shares or gre or sprt calls um, you got.

You got a raw deal. I mean the the transfer like how how how how how was it that difficult of a thing i just don't get it. I don't get it at all. Uh.

Do you still have a discount code for voyager? I don't see it in your youtube site. Thanks for all you do uh, you should it's like, literally in all of my videos, isn't it yeah free crypto, 25 on voyager. It's like, i think, the third link in the description. The referral code is matt21, matt21 matt21 and that's how you get the bonus uh, but it is in the description just just so you know.

Can you take a look at dutch bros and what do you think about dutch pro so far they started trading yesterday? Is it normal for new stock to be up uh yeah? Usually the excitement gets people going for the first, whatever day or two, and then generally it doesn't hold and ends up selling off uh. It's looking strong, i mean bros is having a great day. It's up. 27, it opened at 32 shot all the way up to 40..

Today it opened at 40 shot all the way up to 48., that's good, but that doesn't mean it lasts. I mean i, i just don't know i i can't do technicals on it. I could tell you: you have support at 42 and you have support at 40 and you have resistance at 48.. That's all.

I could do um if it breaks above it. It could keep going but generally there's a lot of excitement in ipos and then eventually the excitement dies off with the price and then it ends up basing and then at that point kind of starts training like a quote: unquote, like normal company uh coin bureau has A video on chibi inu, it's a whole ecosystem, it it its own decks layer, two development, uh just more under the hood than doge, okay like if you're in it like i'm, not against it uh. I'm saying i don't get it. Maybe if i look into it i'll understand it more um, but i'm not gon na go like out of my way and be like everyone.

Bye shoot like that's, not that's not what i'm here for uh. If i don't know about it, i'm not gon na pitch. It to people, especially if i don't believe it do you know how crazy that would be. Do you know how bad that would be if all of a sudden i just started talking about things i didn't know about and telling everyone like get into it like holy? That would be a recipe for disaster.
Uh people want to force sheba to be a thing because they probably missed the boat on dodge and want the same insane growth. I think so um. If i had to bet right now - and maybe i'm wrong - maybe you're a crypto purist and you know so much more about crypto than i do - that there's a possibility, that's true, but if i had to bet i do not think that sheba is going to be The one that makes it i don't think that's a strong crypto opportunity right now out of all the crypto that i could buy at this moment in time, sheba would not crack my top 10 15 or 20 coins. It really really wouldn't maybe i'm wrong.

Maybe it should be numero uno, but i'm not gon na do it. I mean especially now that it's running so what's this concept, tell everyone to buy a crypto that seems like a ripoff of another crypto and then like chase it, because it's high and like buy it when it's like running to a new high. Even if we did like it, i would still say: oh, like let's wait for it to calm down like the technicals are a bit too hot. Hey moses brokerages aren't to blame.

They wait for physical delivery of new shares. Gre was delayed in sending most firms. Don't front shares so this is gree's fault avery. Is that what you're saying that gree didn't send or do the paperwork and send the shares to the brokerages uh gre started trading at 97 yesterday, by the time i could sell it was at the 40s.

I did sell my puts, but my training plan was ruined by weibo, but it sounds like it's not. The brokerage show miami according to avery. Here it was on the side of gree not doing what they needed to to get the shares at all. The appropriate brokerages and on the exchange got a tiny amount of sprt just for the hell of it.

Two days ago, 23 shares turned into one of gre. No, that does not align with the formula right uh 23. That sounds like a inappropriate conversion, because it should be point for every 100. You should have 11.

so that math seems to be off. Maybe it's right because of like the rounding like they're, not gon na give you there's no partial shares of gree, so they're gon na round and credit the uh, the leftover cash appropriately, but that doesn't seem right um, it sounds like you should have had more. I guess like two at least, but even that, like okay, one or two um, but all the conversions once again, if you were the sprt g-r-e-e conversion, all that stuff is public like just look at the sc scc filings by g-r-e-e and all that is well documented. There's a lot of people posting the links of it on twitter to see exactly how the shares confer convert and to see exactly how the options convert.

I think all the all sprt shorts fdds. They could locate the shares to change when they need to find the shares to give. Oh, i don't know about that one. I don't know exactly why gree was according to avery delayed in the sending of shares, but that just seems insane.
It seems, i don't know crazy, crazy, crazy, crazy, all right, so amc coming up to that resistance of 48.50 we've known this one for a while, oh bros, was looking strong right there on an intraday just so everyone knows um, but we are back in this region. We are right at the top line and this is resistance. Um you don't. We know that amc takes a couple times to get above resistance.

Would i have loved to see a break and a rip to 50, 52, 53 yeah, of course, but also just for me. Now, watching amc intimately over the past half year, i also understand that usually it takes a little bit to fully absorb the supply at these levels of resistance, hello, good, sir. I watch you daily and thank you for continuing the support of vape nation. Could you check tmc the metals company, i'm gon na play wonder if it's so good, i'm not the biggest fan of tmc.

It's just not like. I. I look at this chart and i just don't see what's redeeming about it, it's just kind of big swings up and down like this is very good for day traders. It seems a nice downward trend, upward trend, upper trend, downward trend, downward trend, upward trend downward trend.

It has a nice trend, but what i i just don't what do we base it on, like i'm, just missing it um this one seems like an incredibly difficult trade and it's just kind of like halfway in its region. I don't know, i don't see. What's redeeming about this, i would not say that tmc is like a short squeeze play by any means. I can look up the numbers on it: tmc the metals company uh, the short interest isn't even here the utilization is 70, so we have stocks with way way.

More utilization, uh the cost to borrow, is high. 69. That's interesting shares on loan half a million, so i don't think it has a high short interest, because the outstanding share count is 30 million. I don't know what the free float is uh and apparently neither does wait.

What in the world is going on with these numbers? It looks like the short interest and, like i said i don't know the free float, but it looks like it's about 10 to 15 of the outstanding shares. So when you base that on the free flow it would just be higher, but i i don't. I don't know i don't want to mess with it if you're in it. I hope you, i don't.

I have nothing good or bad to say about it in terms of bullish or bearish. I just i don't see what the bet is. I don't see the trade um, it is favoring the bulls. The premium is 57 in favor of the bulls 43 in favor of the bears.

So if, if that's something, maybe that people are paying attention to but like i don't know, i don't see, i don't know why. Tmc is like getting uh so much discussion and on so many people's minds, it's up 21, but it opened up and all it's done since then is sell off like we're just slowly drifting down. I don't know i feel like i'm missing it, but whatever you do just be careful, please please, please, please, just whatever your risk is, whatever your reward is stick to your trading plan on it. Uh, reverse, i'm definitely not seeing a reverse head and shoulders on the five-minute chart on oh bbig, sorry, i was looking at g-r-e-e, which is currently selling off bbig uh, just kind of range bound.
Honestly, i see you're you're looking at the shoulder the head, the shoulder yeah if it starts to follow back up uh to that nine dollars, uh robert message retracted. I like the mystery. I really do all right jimmy having a good day jimmy up 2.8 2.8 trading at 210, uh struggling in that region, resistance from 212 to 215.. It did mess around a bit there today, but just didn't really get that follow through that we were expecting quite yet.

Uh same thing: it just takes time like both of these are on lower volume. We need more, follow through hey, it's all good. It is all good in the hood and then amc trading at 47.70 having an interesting day. Also green uh lots of strength, though all the way up until recently considerable strength up until 1, 30ish right in here right when it ran into a level of supply.

Oh hey mike, could you make a video going over entry points for high dividend term holds and blue chips help maintain attendees after squeeze? Yes, tmc has a free float of 15.5 million per weeble 37 million outstanding. So that short, so even the short interest, then, is not that high. Roughly a short interest of i guess 20 - is that why people are talking about it, but even then like aren't there, just better plays like aren't there plays that are lower flow, higher short interest, higher utilization and on the threshold list um, i i don't know i I guess it may be if it bends back around and gets above 13 and can push, but this is for the little bit of chart that exists. This is a tough trade like i'm here to take layups like i don't want to do some weird complex, tough trade uh i mean it's.

It's it's difficult enough to uh make money on easy trades, no less, like a chart. That looks like that. One! That's an ugly looking chart what happened with sprt. It was absorbed by g-r-e-e uh.

A lot of people have been talking about this for quite a while, like that's like well publicized within the community that sprt got absorbed by gr ee and it's trading under that ticker. Now it's it's a portion of the company, i think roughly like eight or nine percent uh, i do feel g o could be a decent long-term play. Ah, i don't know enough about it on gevo. I believe that's in that right, gevo's in the ev sector.

I think it is i i don't know enough about it to be like. Oh, i think this is a good long-term winner or not. I don't um gevo, really, never interested me same thing a chart, that's not really going anywhere. It had excitement it sold off and thus far it's never made a new relative high.
It's just all these peaks are slightly lower. So i'm just not seeing the bull step in all right. Where are we at iwm how's this one doing today, iwm this is kind of what we were talking about of how it was interesting of remember this morning i was like this doesn't make sense, because the flow was in such favor of the bulls winning um. Actually, it's actually getting stomped down a little bit now, but today we were pointing that out of, and i was calling that like watch it out on their morning stream of house, like i don't know, uh the sell-off kind of confused me because the options market was Pricing in like a movement upward and that's actually what we got a bounce off of 220 - all the way up to 223 more than i thought it would be.

But the the flow in the options market was very contradictory to the movement for the first hour and a half of the day. All right so amc looks to be bouncing off of this previous resistance. 47.50 uh we're at 47.76 we'd love to see a recapture 48 and then we're still basically watching the breakout of 48.50 speaking of flow. What's the flow look like for the overall market, and these things are pretty much equaled out both iwm and the russell 2000 gevo is great long-term biofuels, sustainable jet fuel, just partnered with chevron.

I've been swinging this one since 80 cents, so it sounds like you're up. Quite a bit, but like the trend of the daily chart over the past half year, would be a little bit concerning to me like it's just not making a high a new high. All those peaks are a lower high, a lower high lower high. So i would want to see a new high and then it becomes like an interesting play that the buyers are stepping in vertex and info emvb merger announced envb.

A short interest of 19.3 shares on loan 14.48 utilization 92. uh. It is a nasdaq stock. Is it on the list envb? It is not uh, it's not on the threshold list, honestly for the ones of like.

I guess how we talk about this and what is or isn't going on, it's probably easier for everyone to start within the sh like threshold list and move off of that like, for example, uh aei. I know people have asked about that. That's good: a n y, a p p h, a t c x, a t e r b b, i g d d. I uh some p k, p.

L t. I know people ask me about that: one w k e y uh, all these are on the threshold list which to me is kind of important in this, like the prerequisite um, the one that people are asking about today, a lot of uh, i guess well g-r-e-e. We don't know that one's a tough one, because maybe eventually it will be on it as soon as we figure out this whole merger issue. Um, i don't know who atlas trading is stephen tmc.

Is an atlas trading play uh? I i don't know anyone can run their channel, how they want, but i don't know how people are pitching tmc when it just started trading, but maybe it's a fundamental play. Maybe they're like hey. We love these fundamentals so much not this price. We think that the market cap of 3.6 billion is undervaluing what the company is but tmc it's either.
You know something about the fundamentals or you're a day trader. Taking advantage of these gnarly swings uh, i don't know it seems a little bit iffy to me matt. I mentioned you two to three months ago: ilus firefighting manufacturer with ambitious ce up 300. This month only otc stock.

I like shout out craig, crushing it hey, matt, eg, lx, esports gaming uh, still looks very weak. They keep making acquisitions and are launching new programs soon. Thanks eglx um, this one's not traded at all, it's a four dollar stock that doesn't even trade. Half a million shares.

No, i wouldn't i wouldn't no one's interested in it. Enthusiast game holding yeah, it's uh, there's no interest in the stock is opad old news. Um. No, a couple people have asked me about it today.

Oh i wouldn't touch it though i mean that's chasing it, it's shooting at 1850. It was just at like nine dollars. I feel like some brokerages are still people money, the fact that they show the stock and move them go down crazy. I feel like some, i feel like some.

This brokerage are still people money due to the fact they showed the stock move and then go dow crazy. I'm just gon na agree with you uh when you include clay bro, making a video. I don't know thoughts on tnt for a long term play let's check out tnt, tnt peak fintech group, specialty telecommunications. I mean the stock's been doing well two up to this, and it has obviously some support around eight dollars so in terms of risk reward, if you're, okay, with risking eight - and you maybe get this push up to 12 trading at 960, the risk reward is there In terms of long term, i don't know anything about the company, so i can't comment on its long term, but in terms of the current technicals we had a lot of bearish divergence.

Stock went higher, the rsi went lower it finally like calmed down, and today we're seeing some buying step in if you're, okay, with that risk of eight bucks for the potential of 12 in a breakout um, i mean it's kind of there. I mean i'm not going to trade it because i don't know anything about it, but it does look interesting. All right amc is at 47.60 jimmy's at 2. 10.

27. Oh, you know what we forgot to do is double check. All right, uh net neutral, not many days, you see it being net neutral on amc, short interest of 18.76 percent, gme uh return to 27 000, pretty much net neutral short interest of 12.72 percent. This is this all right.

What else do we have going on? Oh shout out crystal assassin. I appreciate that all right. We are basically basically hanging on iwm five minutes right here, iwm all right, nice, nice, nice. I wm looking strong spy, looking strong jimmy coasting at 210.
I really do like it above 208 50 and amc, giving back some of that pop about a dollar's worth from 48.50 down to 47.70 uh. But looking looking good, where can we find a list of all threshold securities on all exchanges? Uh you'd have to find them individually. You have to look up like the new york stock exchange threshold list, the nasdaq threshold list uh you have to go through all those like major ones. Matt watches shoe nice.

Shoe nice shoe nice shoe nice, oh this guy! I know shoe nice uh he's the guy that, like chugs a lot of alcohol, i think i think he took a lot of alcohol. I've seen him before yeah. I've definitely seen him. I didn't know that was his name um, but i've definitely seen his videos before he's like an og youtuber right.

Like he's like one of the first big personalities of youtube, can you look at cei very high trading volume? Lately, yeah, i mean cei's been running like a madman but like if you're, not in it. What are you gon na? Do i mean folks? This was just trading at 40 cents. You don't buy it at a dollar. Eighty, that's insane.

Um the chart is ugly. If you're not in this place, like i'm, not gon na touch it, you should do whatever you want, but to me the risk is just not worth the reward. Even when i'm asking annoying questions, i really appreciate that you're here with us every day, educating uh. All of us just wanted the day to thank you shout out tanner.

I appreciate that that's very kind. I got a text yeah, i'm pretty popular automated text message from my uh dentist to make sure i'll be at the appointment. Please respond! Yes, sweet yeah, pretty popular! Pretty pretty popular what i do want to point out: iceberg research. We have increased our short exposure to amc.

Oh hilarious, hilarious, absolutely hilarious! Look! How many quote tweets that, like the likes the retweets, they got so insanely ratioed. So absurdly ratioed uh. They said that at 11 42 this morning, where was amc at at 11 42., so let's say they took it, so what they try to get in what a bad day to short like what are they doing these? These people are clowns. Look at this 359 quote: tweets uh.

This is ridiculous. Anything funny, so many quote tweets. So many quote tweets about how absurd this is like. Do we even know if they're real, like is? Are they even a real entity or a real thing because, like it feels like a big troll, it feels like a big troll.

All right, i mean come on iceberg research. Uh ortex gives the number of shares on loan. That is from data while so short is estimated. How do they estimate it? Do you know the model uh i mean they have a predictive model and it's to my understanding, based on how accurately they can predict the share short from the exchange reported short interest.

That's like their basis of their accuracy, but this is always looking behind, like it's basically a lagging indicator of two weeks but uh. This is how they know how accurate they're being or not is because you could go back and look at the exchange reported short interest in whatever time frame see certain times. They're like okay. They basically overestimated underestimated that type of a thing, but the exchange reported short interest is in the blue and that's only reported every two weeks and it's always lagging like you, don't even get it the day of like two weeks later, you get it for the two Weeks before and uh, so that's how that's like their basis.
Uh do. I know the math of how they are training, their machine learning model to do it. No, like that's gon na, be obviously proprietary. They don't just like talk about that, but um by in large ortex is the most accurate platform that the retail public has to it in terms of the short interest information um by and large, is it 100 accurate, no uh? No one's ever argued that, and you would be silly to argue that, because it doesn't have 100 accuracy, we know it.

Doesn't they, if you look into it and i've discussed it numerous times that it only covers 85 percent of all transactional volume like the legal legitimate stuff? So i have the legal legitimate stuff, it's missing, 15 of the picture, but then, on top of that, it's missing. 100 of the illegitimate picture, because that stuff is never reported, so you have to understand the limitations of any software you're going to possibly use or any tools or resources you're going to use, but in reality there's nothing out there. That's going to be perfect man, a lot of people in chat pumping sheep today that doesn't seem good. When i see a lot of people pumping the same thing, it tells me that it's probably pretty close to being done.

Hey, not financial advice, but do you think bbig has enough strength to get over 10.50 uh? What is bbig currently at i mean 10.50. You need to worry about all nine dollars. First, corey. Take it a level at a time like we need to get above nine uh nakd allen is not a good player.

Nakd uh. This isn't one of these things that it was being abusively. Shorted nakd deserved to be shorted, it was a failing business um and they they were, they basically got as lucky as you possibly could by being caught up in the hecticness of all. These sympathy short plays.

Basically, in january and february, everyone just bought stocks that were highly shorted. Nakd was like on its last leg of a company they had to close down like all of their brick and mortar shores. It was fundamentally, the company was in a huge mess and it basically got a second chance at life by the fact that everyone just started buying stocks that were highly shorted. And to me i don't know, i'm not a fan of nakd, not a fan.

That doesn't mean you can't make money in it, but i'm not going to throw my own money at it. I had some sprt that i forgot i had when it merged. I was given 0.69 shares. How do i sell if weeble doesn't let anyone sell that amount? You'll be able to sell that it's not like you're you're stuck with it.
I think right now. Can anyone correct me if you're on weeble, can you like actively trade, the converted amount of sprt and gree? I know new people like if you didn't previously have a position you can freely trade gre. I'm talking about this stuff that was actually transferred is amc. Being attacked.

Amc is green on the day uh, so someone said no, you can't so i i think you're gon na have to wait for all these shares to still get converted. Convert the sell unit to dollars not shares, sell all shares. They were supposed to convert it to cash. This is such like a mess up.

I don't know, what's going on with gre but looks like the conversion is not completed yet i suppose maybe uh. What do you think irnt is gon na do for the rest of the week, as in tomorrow, irnt whoa, showing some strength, whoa whoa, whoa, whoa iron, t uh. It looks like it's about to move bullish, sure um, i'm not going to trade it. I don't think it's a high probability trade, but it does look bullish, i'll admit that it does look bullish, so my 14 million sheep thanks for the pump and dumpers ello well uh man.

I i mean, if you, if you're making money, there is a big big difference, and i i don't think people really have this discussion or have it laid out in my mind or their minds or publicly talk about it. There's a big difference between something that you're like hey: this is a worthwhile investment, a worthwhile swing trade. I see potential over time frame, xyz, there's a huge difference between that and be like hey. This is a good like technical trade on a daily breakout on volume.

I'm gon na get in get out make some money. You can do that and just don't convert one to the other, don't all of a sudden turn a like a quick day, trade that goes wrong and you're like never mind. I'm just gon na come like i'm. Just gon na be an investor in it now that is when you know you're getting in trouble if you're in something just because you think it's gon na move in a very short time frame.

However, you want to define that have at it. That's what day trading is that's what short-term swing trading is and they're fine like hey. If you're making money you're making money, you can make money on things that maybe in the long term, you think the opposite about, like i am long-term bullish on tesla, but i've made tesla money on tesla by it dropping 900 to 500.. Folks, that is okay, like you, could do that, and maybe, if it's better in your mind, to have like the different accounts for it of like okay, this is my longer term account.

This is my shorter term account like that's, okay, you can be long-term bullish on something and still make money, maybe extra money in the short term, because you think there's going to be an extra pop you're like okay, i'll back some extra money, or maybe you think There'll, be some short-term weakness and you want to make money on that, or maybe you don't even care about it long-term at all, and you just want to do a quick, short-term trade. That is all fine. The name of the game is for you to make as much money as you can taking on a reasonable amount of risk, and i say reasonable and that's obviously in the eye of the beholder and that's it that's what the market is. I mean there are people, i'm judging um.
I guess i'm judging this through my own opinion and what i think this community is like all about and everything but like, for example, i think amc. Let me just use amc as an example, because it's the first stock, i'm looking at there is a world in which you can make money on amc and both sides. Maybe you have a shorter term trade you're like maybe - and this is not my reason - i'm just trying to use this as an example. Maybe your thought is: i'm going to buy calls for this month because i think amc will squeeze in the month and then i'm going to buy puts for three months out, because i think it's going to be done by that.

That's all like i'm not saying that's accurate. In fact, i'm not even saying that's a good plan in that example, i gave in fact is not a good plan, but just in general there are many many many ways to make money in the market and just because you're making money one way. Okay, cool and i might make money one way you might make money a completely different way. It is all acceptable, like the name of the game, is to be as profitable as you can, and i think it's important to understand the difference in time frames.

So on bbig, maybe you think in the short term, it's going to be weak, but maybe a month down the line, it's going to be very, very strong, like it's okay, to play the different plays based on different time frames. So, like really the reason i'm going off on this is because of the sheba thing am i going to be a long-term investor and she well i'm not going to touch it at all. Besides the stuff that was gifted to me but like if you're in it, you might you don't have to believe in it, but if you're like oh no, i think this is going to move today and tomorrow and i can make some quick money have at it Seriously like, if, if that is your plan and you're monitoring, you're risking a reward, i don't think there's anything wrong with that at all um, i'm not that supportive of she, because i have a lack of knowledge on it. So i probably shouldn't even be speaking about its fundamentals honestly, but um you, you can actively trade things that you might not know anything about, or maybe you don't believe in it, but in the short term, it's just so important to understand the time frames like, for Example with amc: do you know how many people they're like i love amc, but in the short term i don't see it moving.
So i'm going to sell some covered calls to make extra money, so i could buy more amc. I mean some people are going to yell at them. For that and then other people are going to say: oh wow, they took advantage of it. Selling covered calls, does not hurt a stock and they ended up making more money.

So now they own more amc and thus like helped amc like it was a net positive impact on amc because they understood the market and volatility and time frames. The same thing could be said about gme apple tesla. People can play this in such a multitude of ways that it would blow your socks off. It would blow your socks off uh.

Someone said, i think, we're getting shorted right now, maybe uh they they could be. I think it's odd that the return shares and the borrowed shares are the exact same, but they could be dumping all or a portion or whatever amount of shares on the amc right now very, very possible, but hey green on the day. Amc's up, it's up. 0.6 percent gme is green on the day.

Both of these started selling at roughly the same time, roughly 1 30, which i think is odd. But is it really that odd, when they've been kind of moving in concert to get together today, uh made four day trades in the past three days, iron t atr lptx and each made 10 profit of which jumping into amc the next step? That's a that's! A great trading plan, you had a plan, you stuck to it and you were, fortunately net profitable seriously. Congratulations, i'm a garbage truck driver and when the kids come up and say they want to be me, i tell them to follow matt course. He knows better.

Also, my manager is watching so heads up, i'm calling in tomorrow thanks what's going on matt, can you pull up amc chart from mid-may climbed to the dip late june, squeeze mid-may climb to to dip too late may early june squeeze mid-may. It wasn't really doing much in mid-may uh. It was kind of boring, like it was messing around at 14 50.. So right here is the minmei action, um minmei, yeah, so mid-may, and this was a different, because this was ah man.

I wish it all right here. We had the cup and then it made a handle and an explosion this this mid-may. Actually it was a different technical setup. Let me can i draw: where do we have this where's? The drawing tool is it here? Is it here? I thought it was in.

This. Am i oh here we go um. This mid-may explosion was a perfect cup handle and then obviously it exploded, upward um. So a little bit of a different technical setup that we're seeing uh does it run up to a certain level, get smacked and then come back.

Well, yeah but uh similar um of the same flavor, but definitely not like a perfect match to what we're seeing right now. The perfect match would have been here on september 1st, if it exploded that would have been the cup the handle and the fall through on the basically the third test. Uh. It took us a little bit.
It pushed but then got smacked again and now we're dancing around in this area. We have more of just some like we have a slow melt up, grind upward right now on amc um. That's that's! Basically, what we have um so different, but still bullish, different, but still apish uh, i mean we're we're green on the day right now, we're up by 17 cents, um we're testing that level we're soaking up the supply and the the 48s that we've been battling out. Many many cups and handles all across this.

This entire time frame has just been cup and handle galore patients, patients, patients, patients sheba, is a long-term investment. It will have its own blockchain soon, with 700k, even doge can coexist like gme and amc they could um. I just don't know if there's a big enough, there might be a huge c book community that i just don't know about, but um i don't know i i just i i don't amc and jimi kind of moved, even together, like jimmy, moved the biggest, and it Was the most notoriety in january, but amc was still moving shiva to try to draw that comparison of doge being like jimmy and sheba being amc or some mixture thereof uh. I i just don't think it's like an apt comparison.

Maybe i'm wrong, maybe maybe a month from now we're all gon na be sheba millionaires. I don't know, maybe it'll run like crazy. I just don't think it's the most likely so right here, you're reasoning. It's gon na have its own blockchain.

Do you know how many things have its own blockchain that, like are just not legitimate projects? Do i know about hexcoin, that's actually the one i'm learning about, and i actually just dm'd uh richard hart uh over break to try to talk to him and see if he'd be willing to have a conversation, maybe an interview or something like that, but yeah uh. I'm in hex i i got into this at eight cents, but um, i think it'd be a fun talk to like get get to interview someone. I mean he literally made an entire crypto like that's awesome, so it could be a cool tech or a cool conversation, but i don't know if he is willing to do it or not. Uh do i think safe moon is legit and going anywhere uh legit is.

I guess like a weird way to at like. Is it an actual crypto that people have made money on and have lost money on? Well yeah, it is um. Am i gon na put money in safe moon? I am not uh same like she like. It might work, but i also think there's better opportunity um.

I think a lot of these like random little alt coins are very very similar to penny stocks. Whenever anyone finds a penny stock, i mean, if you're hanging out in the live stream, you've seen it a lot where people are like. Oh, this penny's, like this penny stock, like everyone thinks that they found that, like the golden egg and in reality, the statistics most penny stocks fail. Most of these all coins will fail.

Random little altcoins are very, very similar in the world of the stock market. To like and once in a while, you have the unicorn that breaks through, of course, that's obviously possible, but most penny stocks fail. Most altcoins will fail. I say most not all um and i would say your classic blue chip stocks are more equivalent to the the main established crypto that we have now like so apple microsoft, tesla amazon, i would say they are the same blue chip stock, comparison of like okay, they're Gon na be here for the long haul of bitcoin ethereum cardano, like all those like look at the top list on crypto and to me that's more of like a reasonable bet of what's gon na still be around in a decade.
Safe moon has a great road map. Okay, get it like. That's that's the beauty of the market is is, if you believe that we'll invest in it um. That's that's the the beautiful thing about the market.

Folks is, if you think you found an opportunity that is being under realized, underutilized or undervalued. That is where you make your money, so just because i'm not going to put money into safe mood that doesn't mean that you shouldn't put money into it, and it also doesn't mean that, like like, i am right. I i don't know about it like right here. Someone just said that they they, like the road map sick, invest in it.

Then, if that's, how you do your crypto investing is by looking at the potential of a road map and this checks off your criteria have at it. Like trust me folks, i am not the end-all be-all of a stock investment, an option, investment, a futures, investment, a crypto investment. I share my own thoughts and opinions. That's all it is.

I have winning trades. I have losing trades. It's that simple uh. There was an artificial price which did not reflect other exchanges, stop spreading.

Fud uh, who, what did adam say she listed on coinbase today, is why it's running a quick day. Trade is the play. 9 18 listed up 700. Then down 700.

The next day, someone's saying that's a not a true print lazy, vegan hippie. What does it mean when they borrow but don't return, such as when they go on with scdc right now short interest up nine percent on the day about to about 48, with 14 to 95 uh sdc, i'm not quite sure. Let me pull it up. Maybe i could have a better commentary after seeing it myself, why is it not loading smile, direct club? Okay, let me i'm a little bit confused.

What does it mean when they borrow, but don't return such as? What's going on with scdc right now short interest up? 9, on the day to about 48, with up 14 to 95.. What does that mean? Okay, i see we're up nine percent so basically based on the percentage of short interest. Yesterday, from that magnitude, we've increased by nine percent, not nine percent, as in like we go from 100 to 109, based on the percentage gain of a percentage. So, for example, if you go from 10 to 11, that's actually a 10 gain in if you're, using the original percentage as your basis point um.
So that's how they got that nine percent. We must have whatever that number was yesterday. I guess we've gone from 43.51 up to 47, which i guess is a gain of 9 from 9 of 43. Is that additional 4? So now we're at 47.74 but you're asking about 15 and 95? I don't know where you're getting those numbers yeah.

I i don't know where you're even getting those short interest is up of a 48 up with 14 to 95. 14, with up with utilization. Maybe or do you mean, with utilization 14 to 95 yeah? That's all possible. Remember short interest shares on loan and utilization.

You need all three of them. They all tell you a different part of a story, a key part of the story, and you don't get enough information from one of those individually. So utilization is remember. It's the amount of shares on loan divided by the total loanable shares, so it's a ratio uh got caught, looking holding the bag on atr at 1550 thoughts on bouncer is it time to take my loss like a grown up thanks to you uh? Let's look at ate our ater eiter, eight or eight tear uh.

I mean it's an inside day um. I wouldn't make a decision because there's no direction today, it's perfectly inside the previous day's bar uh. Inherently you have no direction. Would you rather know the price or the date of the mother, of all shorts quizzes, and why love hearing your logic on stock versus options to keep us gamblers in check? I would rather know the date um, because i feel confident enough in my.

I guess my trading ability related to stock and option that i would make a huge amount of money on it anyway. Um. So i'd rather just play it on the date and because, if you know the date, but even if you're off by like whatever a huge percentage, let's say 50, let's say you undershoot the the value of the price by 50. You would still make a killing like a like a huge huge killing uh.

So for me, maybe other people would like the price uh. But for me i would like the date just give me the date of action, and i would uh i'd go from there. The price i think time - and this is actually important - and maybe we're gon na get a little bit too deep here, but time is a more valuable asset than money, and i think people's answers to this would actually be based on that. What do you value more? In your life time or money for me it's time i care a lot more about time uh than i do about money.

Um time is important and i think people who are more so options traders would care about the time and people who are more stock traders would care about the price and i.e the money um, but knowing either of them would make you a lot.

18 thoughts on “Ep 74 patience pays dumb money: amc, gamestop crypto”
  1. Avataaar/Circle Created with python_avatars Joseph Chantry says:

    Iโ€™m holding my AMC no FUD will get me to sell, because I believe buy orders will soon fail to be executed. Good luck folks. Be patient

  2. Avataaar/Circle Created with python_avatars Philip Davis says:

    yea man what are u doin, are u doin it with the fries

  3. Avataaar/Circle Created with python_avatars poor boy says:

    Thanks for the word of the day let be optimistic happy friday!

  4. Avataaar/Circle Created with python_avatars Dinu Costin says:

    Thanks a lot for your efforts everyday and for your neck that provides good voice day by day

  5. Avataaar/Circle Created with python_avatars Dinu Costin says:

    Hi Matt. What do you think about MGI ?

  6. Avataaar/Circle Created with python_avatars Dinu Costin says:

    Thanks

  7. Avataaar/Circle Created with python_avatars Grannie Fritz says:

    Lcid

  8. Avataaar/Circle Created with python_avatars Force User says:

    This channel is the AMC squeeze killer. The chat is daily cess pool of low attention span idiots calling out thousands of other stocks like a cattle sale. Fking ridiculous .

  9. Avataaar/Circle Created with python_avatars Ricky Bobby flying wild says:

    I got TMI he says itโ€™s him trying to get me to trade Binary options an wants me to diwn load a link idk man think I js not going to messages them bk

  10. Avataaar/Circle Created with python_avatars enzo loko says:

    Uranium is the real squeeze!!!!
    Top positions in order: encore energy ( the best company of all by faaar) fission, global atomic.
    Buying now the smallest to have speculative upside : asx uranium explorers: ( insiders buying and owning A LOT)
    GTI RESOURCES, 92 ENERGY, ENERGY METALS, DLC

  11. Avataaar/Circle Created with python_avatars BREAKING NEWS 2.0 says:

    Revenge of the nerds

  12. Avataaar/Circle Created with python_avatars Brendon Thomas says:

    AMC line goes up the line goes DOWN
    The GAME can't STOP manipulation ABOUNDS
    DARK POOL is a well and Citadel's a PIMP
    SEC'S Double G looks like a GOOD GIMP!
    We maybe RIGHT, barmy or DEAD WRONG
    APE ARMY, WE STAY HOLDING LONG AND STRONG!

  13. Avataaar/Circle Created with python_avatars THCBDude says:

    Time or money, time IS money. If you're not making when you could have, you're wasting time and money

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

    I have about 5% of my portfolio in uranium stock any advice on any other stock that I can grow my $300k capital to a million dollars?

  15. Avataaar/Circle Created with python_avatars Dustin Burns says:

    Is it just me, or are these bots looking a lot more like real comments?

  16. Avataaar/Circle Created with python_avatars yazz iecry says:

    I don't know who need to hear this, investing now is a wise decision to take! Despite the pandemic, cryptocurrency has grown in popularity and is predicted to do so in the future as it has changed a lot of lives

  17. Avataaar/Circle Created with python_avatars Robin Arellin says:

    My momโ€™s wedding tape was recorded over by my bitch aunt

  18. Avataaar/Circle Created with python_avatars Ross says:

    Look the chart itโ€™s over , they wonโ€™t cover ๐Ÿ˜ช๐Ÿ˜ช๐Ÿ˜ช

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