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Dumb Money Ep. 76: 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 everyone, hello, hello, hello, hello, hello, hello, hello, folks, i hope you're having a good day, hope you're having a good friday. What are we talking about here? Welcome to what are we welcome? Welcome to the nasa command center uh amc, currently trading at 44.84, which means it's down 2.6 on the day, gme trading at 202.61, which does how much is gmd is down 1.8, but in all reality, i think i think it's actually pretty impressive compared to like what Is going on in our our overall market, i mean ever since 1pm russell 2000 is selling off and really since the spa, the start of the day we have the s p, 500 selling off just some crazy, crazy stuff. Oh people are talking about ater how's that one looking atr showing a little bit of life. You would want to see ater swing back around 1170 uh to see like people coming back into this one.

Let me check the or tech stuff on amc and jamie amc. They borrowed three mil against it for 710. 000. Short interest of eighteen point: six percent game stop uh 132 000, with a short interest of 12.5 low volume view low volume view today, as in me yeah.

I know i'm i'm not notable. We all know about that. Hex, looking good, the rest of crypto is selling tibio. Let's check some of these.

I do uh wait how low volume is it low view volume on my end folks, they're um new there's, a new weeble. I want to trade out and before everyone freaks out. I think you guys should all see it, but let me sdc interesting amount of call options on sdc today, before we try out the newest newest form of weeble bull volume, uh premium as well so sdc on tiblio on unusual whales, it looks pretty bullish, looks pretty Bullish all right all right, so not much happening in amc and jimmy. So i think this is a good time we'll see if the spy and iwm bounce back but um yeah we're gon na give we're gon na give the newest uh weeble a try to see.

If it's something for us, i think i have it set up. Um hang on: where do we get it over here? All right? We have. We have this. Let me double check this all right.

There we go newest newest form of weeble. They have. They have two new two new games that they want to try out. It appears that it's uh one of the guns.

It's called an amc, the other one's called uh a gme, so we're gon na give that the old, the old whirl just to see how it plays out. Oh it looks. Is it lagging though this weeble? I don't know the new weeble looks a little bit. Glitchy looks like a little bit glitchy to me.

I think that fixed it uh yeah, it's a whole new thing. I don't know like you, see innovation, a lot in the market and you never know what the newest trading brokerage is going to be. So you got to give it a world once in a while, just just give it the old give it the old college. Try and hey hey.

I know there's payment for order flow, but i'm hearing that there's a bunch of new a bunch of new weapons that could be used. Um, the amc, the gme, we're gon na give that a whirl we're gon na see how it plays out, as you can tell, am i fishing for content because not much is going on in the market. Of course i am, but this is what this is, what it is to be in showbiz folks. This is what it is to be in showbiz.
What game is this? This isn't a game. This is weeble love. The new weeble. Am i going to the psu white out this weekend? I am not.

They are playing auburn uh and i think we're gon na win like. I really really think that penn state is about to show up and kick some ass um, but i don't know it's been a while, since we've played someone in the sec, so there's always you never know how it's gon na go hey. Can these people hear me, can all these other greggs from citadel hear me in this game? How does this work? How does this work? This is a stock channel. I just heard something: something happened.

Someone just asked if this is a stock channel this. This is literally weeble right in front of you drop in crip, just now, scott codlife. Why are we talking about socks? I thought this was a gaming stream call of duty pirates. Oh folks, am i losing my mind.

The answer is yes, um. So the way this new thing works is actually for every kill. You get, you get some stock amc jimmy and then, for every time you die, there's actually more naked shorts. So it's kind of an interesting way.

You kind of see right. There just got a new share of amc right there, new share of gme, but if i die, there's more up right there, a new naked, short new naked short. It's crazy like talk about bringing a brokerage to like a whole new level of trading. It's wild stuff, it's absolutely ah right there citadel citadel infiltrators, and then we have people that are just not moving at all, apparently like not playing it's crazy.

This is this. Is people i'm if this is? We belong the ceo of citadel folks folks, let's have some fun. It's friday, you know free free dogs, me free free dogs, though, or whatever it is citadel naked shorts. It's just you got ta work as it.

This sucks they're everywhere. They're everywhere, there's snipers, there's too many people on the small map. This is very representative of a short of a short squeeze. You know when everyone runs for i'm scared, not gon na lie.

I need to focus you're supposed to have potential you're supposed to have potential. No, no, no, no, no, don't kill me, don't kill me, don't kill me all right. This is going to end poorly. I don't know what to do.

This is like when you're in an options play that you know is expiring at 4 pm that day. That's how this feels man, i love what weeble's done with the new the new setup, very smooth ui, and it's so so many metaphors for all of your trading do's and don'ts. So many strong metaphors, oh shit, shit so anyway, yeah whenever you feel a little trapped like that, you see some fire on the ground very, very akin and equivalent to basically all those times that you're like hang on. I shouldn't be in this options: trade right now, um and if you look see in the top left of the screen under my mini map, where you see that score very, very similar to theta decay, it's just working against me.
We don't have the proper zones um. So if you don't have the proper zones when you're playing domination, it's the stocks running against you and time's also trending against you, and we all know that. The way time helps is, if you're, the one selling premium someone's asking about weebles metaphor between grenades. Very very interesting, so a grenade is actually it's actually very, very similar to properly buying an option.

So this entire thing about a gamma squeeze is sometimes you're, just throwing them out there and you just wasted a grenade like you're, not going to get anything from that. But certain opportunities, if you play them right, you're even more powerful and i would say that's the same thing as buying an out of the money out of the money - call option right there, friday friday, friday, fun day friday. I just got the way my crotch earlier today caught a bunch of coffee, my gaming gaming avatar, just her face caught a bunch of a bunch of bullets right there metaphors so many metaphors in this all right. I'm gon na die this sucks.

I need to be better: hey something happened, uh-oh running, running, running, running, running, running, running, don't kill me, don't kill me, don't kill me all right and i got killed anyway got killed anyway. What other questions we have about? The new weeble? How i don't know how you would exercise options on this weeble, yet i don't know if you still have to call in uh you don't exercise options that way. That's for sure all right! This is getting. I just got killed by some person with a.

I guess. A veil like a wedding veil. I just want everyone to know that every time i die it is not my fault. It's because of a glitch in the game.

It's a bunch of greg's and cheaters. I happen to be a perfect player, dude cleaning. My house am i only listening to your stream and i was very confused about the new weeble and gunshots in the background german ape yeah. It's a bold strategy.

Obviously, weeble has heard the concerns from people in the community that they're, like hang on, like we don't really like payment for order flow and they're trying to branch out they they're, like hey me, being a influencer they're like what would it be like if uh you, You just test out our new training platform on stream, and i was like yeah i'll, give it a whirl, and i i know a lot of you listening right now are gon na say this is super super similar to call of duty, and i can see the Hints of call of duty in this for sure, like i see that - and i don't think you're wrong, but like obviously they have lawyers and stuff they're not going to perfectly copy a video game for trading. Talk about gamification of trading like they're, not going to get that close gary gensler would come down on him. Daddy gensler would come down on these people so incredibly hard. You know who the spy plane is genzler gensler shots in the face.
This is basically you're. Just hunting for naked shorts you're hunting for illegal illicit app, oh geez, geez, louise, so tired of these people, cheating everyone's screen, looking just like in gun, game uh, oh, i don't think you're supposed to be on fire. Uh i'll, send you supers while he's avoiding bullets. You expect too much i'm protecting the markets, man, i'm bad at this game.

I just think it's a bunch of cheaters, though honestly are we losing my team is losing that's not good symbolically. This is not good, but that just shows how tough trading can be uh. Oh uh, oh fox, in the hen house fox in the hen house, hey this guy's being super, not cool man. I'm i'm very, very good at taking bullets to the face it's like.

If anyone ever needs a another, weeble traitor, it's good at taking bullets to the face. I'm your guy buzzkill we're going we're going. No that wasn't fair that right there! That's a big hedge fund. Do you have any do you know how much bullets, how many, how much money that hedge fund has right there insane absolutely insane all right, we're going we're going die, die, die, die, die, die di boo, that's not good! All right! These kids are everywhere they're.

So good, you know in my normal stream, i'm just verbally arguing with 12 year old keyboard warriors and now in the new weeble. I feel like i'm getting my ass beat by the new 12 year old keyboard warriors, except now: they're control warriors and they're having a bigger negative impact on my life. This is just how life is sometimes wow, wow wow wow. Did i get that person? What happened? This is just anarchy.

This is thunderdome folks, we're gon na come back anita play it play it better, come on. We got ta get all these points. Folks, where's. Our points attack helicopter is that legal synthetic attack helicopter more like it frustrating we're down by 10 points.

My team team team team team team focus. This is embarrassing. Oh, what's this dude? How much time do i left? Oh we're down by six points. We can win this folks, no, no, no, no, no where's, my package: what's this, do a spy plane all that work for a spy plane, unacceptable, unacceptable? No, no! No! No! No! No! No man! This new weeble! They really went all out on what it offers enemy has beat uh.

Oh, oh we're tied we're. Okay. I know this was all fun and games. We have to get b back.

What's my team doing no, no shot there no shot there whatsoever. Are you kidding me potential potential for america nope not for america? How do they still have b? I feel like i'm the only one who cares about winning this. My team are a bunch of half one foot in one foot out. I feel like they're not dedicated to the cause they don't they're, not trying to kill as many naked shorts.
As i am come on, we're losing now we're down by 11.. They only have nine points to go where'd that guy come from where'd that synthetic guy come from. I'm tired of this i'm tired of this. This is insane.

I'm gon na lose this. This new weeble sucks this new weeble. It happens all right. Well, that's your! That's! Your intro to the new weeble - i personally think it has.

Let's say it - has some glitches because there's no way i wouldn't have won. If this was like a normal working weeble, i guess for the time being, we can convert back to trading view, but this is it's the beta version of the new weeble and it's just i don't know it's good. I see what they're going for. I think it has if they they iron out some of the kinks.

I think this could be. It could work it it could. It could work if they end up working out some of these. Well now it's just frozen interesting.

You get rewards sweet sweet. What's going on here, nope defeat, i don't believe it all those synthetic guys they just had too much supply and we didn't have enough demand too much supply too too much all right. How do i properly switch all this all right? Well, that's your insight to the brand new brand new weeble, interesting interesting. It felt very, very immersive, i would say like it felt like i was in the market and i'll give them that that's not an easy thing to really play off like but um, interesting interesting.

I like, where they're going um like i said a little bit before i saw like some cheaters, but really, if anything, they were just symbolically representing all of the cheaters within the market. So i kind of like what they're going there there. I potential potential, to say the least, all right now that we're there we can get an easier look at the new guns: amc trading at 44 82, the new gme gun training at 202 30.. It works, it works.

What kind of questions do we have aaron becoming an astronaut uh hell, yeah new weeble love, this channel, hey matt? Can i join you yeah we could all trade together. Folks, i mean the market's open for everyone, dude clean my house and listen to stream. I'm very confused about the new weeble best combo left the weeble. Oh hey mark press alt f4.

Doesn't that close it? So what you're saying is the stock market is a metaphor for ww2 and kenny g. Oh boogie, never mind, i'm protecting the markets. That made my day, i'm genuinely laughing shout out jeremy bro what's going on here. This does not inspire strengthen our cause and come see.

Someone. Many of you consider a voice of the reasoning playing call of duty, justin, very unsure what you're talking about but, as i said it is the the newest, weeble and also justin uh. I don't know, what's the best way for me to phrase this, if you think, in a capacity that i matt coors with a current confusion, concurrent viewership of 4 000 people has any influence on the market. You know that thing.
That's transferring millions and billions and trillions of dollars. I mean when you learn the the truth there you're going to have to you're going to be a little underwhelmed like i get it highly influential you guys you're out there you're talking about your your brad pitts, your tom brady's, your ronaldo's, your messies, your lebron james And i'm right, i get it i'm up there, i'm in that conversation, i have a lot of influence. A lot. A lot of influence like world re leaders, always calling me up they're like matt.

What should we be doing with x? What should we be doing about y? How should we handle z? I mean my my number. It's almost exclusively in the world of people, the rainmakers of this planet. I get it, i get it justin you're coming in hot, and i understand why, like you're, like hey man, should that guy, who is clearly influencing the entire market, be testing out the new weeble, honest stream. I understand that it could uh be causing you a bit of concern to say i'm not saying you're wrong and i empathize and or sympathize with you like.

If i saw that too, but sometimes like fortune favors, the bowl. You know, there's there's one um. For example, if you had that same sort of rhetoric with like neil armstrong, you'd be like yo neil, like uh, you sure you should be going to the moon you're. An engineer like you sure, but look at that so like if i'm basing my career off of neil armstrong's and i want to go to the moon justin.

I can't have comments like yours, like keeping me in the office. You know like. I can't be doing that. Like but like you're an engineer, you can't be going to the moon so justin.

If this, if you being a negative nancy, all i can really say is: is is bi but buh-bye breaking news. Macquarie, says they're losing to the hedges breaking news. King was this one dog dogster dogster, i mean i think this is anything is representative of the hedges, cheating but we'll catch him we'll catch him. Uh, you obviously love analytics.

I think you would love league of legends, it's absolutely the best free game out there. You would be a natural seriously consider regardless. Please do this more often shout out occam's razor yo. Can i get out of the game? I'm really good at the game.

Hey. You guys obviously saw my skill set. So if anyone out there is willing to carry my like lazy performing abilities, let me know matt, you need a beer and a side of pizza. It's on me shout out brandon, uh, tough, to say if you're, better gamer or tesla trader.

Bold bold, bold statement, bold statement, the best, i'm the best tesla trader on this side of the mississippi and the best gamer on that side of the mississippi, that's kind of how it works. Uh lloyd christmas, where tommy such a sad neon colony shout out just want to say i love you remember when you used to say sell, is that in english i don't know um, you should say some reaction. Videos i'll do reaction, videos hey match. Uh, did you happen to get my stickers in card? Didn't see it in the box party um? So i opened up everything, but that was up like i'm a couple days behind, like i have to go back to the p.o box today manifest then then city manifest density, uh, interesting name.
I will i'll let you know, but there's some things like. I didn't get all the things from the po box like i have to do another trip, but everything that was in my house at least i opened up last night. Remember my cuckoo poot yeah. You had like a huge position on puts and i hope, you're making some tendees off of that down 1.3 percent on tuesday when amc started, dropping everyone was saying that they needed the price below 45 by friday for options.

Expiration looks about right. How can they sell options and manipulate like this, so selling options, buying and or selling options doesn't really directly impact the price it can when you have a lot of things going out of the money to in the money hedging versus unhedging, but initially when you do It when you engage in the options market there's not really uh an overall impact on the stock they're. Referring to this max payne theory of, in essence, like by looking at the options market, you can judge where there's going to be quite a bit of things expiring, worthless and get a better idea of where the big players might be trying to push things. So they suffer the least amount of loss or how your counterparty suffers.

The most amount of loss type of a deal. To be frank, i'm still super bullish on amc tests tickles, since the hedges probably have algorithms that monitor the channel for buzzwords. Can we act really excited about sideways trading, to throw off the algorithm trades yay two cents moves matt any idea or thoughts on when crypto bull run will end and when we see the shift to, are you taking profits in those times? So no, no, no um! For crypto, i don't know when um i wouldn't be surprised if it took some sort of serious correction within the next like 12 to 16 months, but i also think that for the overall market, the question is: how serious will the correction be? Is it going to be 10? 20? 50. You just don't know until you're.

Like i mean hindsight, bias is 20 20., but with that with that being said, my moves are to not sell any of my crypto into the run-up. I will hold it all. I'm going to write it back down i'll, buy more at the dip and then i'll ride it back up there. There is a chance that the dip is still above my average basis of entry for a lot of it, because i've been in it for a decent amount of time now um.

But overall, my crypto plan is not to actively trade. It i'm gon na hold it one two three decades, whatever something like that. A lot of time and i'll either be very, very right or all the money i've invested will go to zero. It's gon na be one or the other.
The current prices of crypto are gon na, be nowhere close to what they're gon na be at years down the line either way higher or zero on tuesday when amc started dropping okay, we talked about that. The qqq puts atr alive and moving ater whoa atr is alive and moving. I like that atr pushing 1120 up 12 on the day congrats. If you got some of that, i have no atr how's that ball jacuzzi going for matt i untested, but that was probably one of the funnier things to get in the unboxing.

I love this stuff to save your better gamer or tesla trader uh. I understand what i'm saying on: how can market makers put their fingers on the scale to save money when they have a lot of exposure to certain strike? They probably don't remember: market makers they're, not directional players, there's that's why they do the perfect hedging and unhedging. They have these fancy schmancy algorithms, that basically, as the price moves to like the perfect scent increment, they are actively hedging and unhedging, like almost perfectly throughout the day, with the movement of a stock market makers are not directional players. Hedge funds are 100 directional players, so the way i would interpret max payne isn't to market makers they're.

If they get trapped in certain situations, they might have a directional bias that that's totally possible. Maybe they sold too much and couldn't quickly cover, or maybe their hedging mechanism went awry, that's possible, but i don't think that would be so common that we see that week over week or month over month uh. I would be willing to bet that there are off circumstances where things like that do occur and they're like all right. Well, we're going to beat it down a little bit because we don't want to get burned on this.

But i don't think it would happen week over week, um more in rare circumstances. And it's just because of the the theory or like the actuality that marker makers are not directional players. Hedge funds are directional players possible cover with ater uh possible. I mean it's moving it's up 16.

Maybe some shorts are covering uh, but it would. This represent the full launch short cover on atr. No, because the short interest is quite a bit higher. In fact, it is the short interest on ater is 64 or roughly 16.25 million shares roughly um.

No way i mean it's only traded 17 million shares today. So to say that 16 million covered - maybe some did maybe a very, very small small amount, but ater this to me just based on the data and the volume on the day is just good old-fashioned. Buying good old-fashioned buy-in, uh irnt got slaughtered. It's a bud blast.

I got greedy, i think irnt we haven't checked on it, but i'm looking at the mid-20s. Okay, it's at 30. yeah. We were talking about that this morning.
I was saying if it can't hold yesterday's low 35. This was the morning stream. If it was battling out there, we were looking at the gap fill it went below the gap bill. I'm now watching this support.

I think, there's more downside to irnt um. I do. I have no position so do whatever you want. It's not going to make me profit or lose me money or anything like that.

I have no irnt position, but to me this seems like a pretty obvious sell-off into the mid-20s. Maybe i'm wrong. Maybe i'm right. I don't know you got ta, do your own dd, but i i just don't see any buyers on it.

I don't see anyone stepping in to buy it double tea bag forming on the four-hour chart, thoughts, testicles. What um on the four-hour chart uh, i don't know, are you looking at amc? I guess tess test, which one are we talking about agreed and i'm not in, but look at iron t cost to borrow crazy. Irnt has a cost to borrow of the cost. To borrow averages, a thousand percent people are annihilating iron t, that's the highest cost.

To borrow i've seen in a hot minute, the average cost to borrow is a thousand with the minimum being 851 percent and the max being over a thousand. That's huge, which means that they're looking forward to react and react quickly because they don't want to pay that fee day over d. Remember that is the the fee on if you were to rent the years out annually, so you have to divide that of what they pay per day by the amount of trading days in the year. It's not like.

They pay a thousand percent per day. That's the the per annum fee shout out to megan megan, i just uh what ironta with plus and got ridiculous amount of returns. Well, congrats congrats, i mean if congrats on being a profitable trader, nice trade, i mean irnt looked weak, it just did matt. I just asked you a crypto question say in the case that someone who got in the 30s, 39th and 55 doesn't have tolerance total for decades about 170 percent of her net worth i mean, if that's my trading plan, so obviously with your own financial situation, your Own personality, as in risk, tolerance and even your age i mean for me, i can't just be like oh i'm gon na hold for three decades.

Not everyone has that same trading time period. So for you, you have to create a plan that is it's appropriate for you um. If you're i mean, if you got in at the 300s and now it's more than 10x. Well, it's not a bad idea to start taking some of your profits, maybe if you're still bullish in the next couple months, you could sell like roughly half now and let the other half ride to kind of calm yourself down be like well, i locked in a Lot of my initial position and you could slowly scale out um like i i i speak through my own eyes, my own lens, like the lens of my own life, and obviously people like i said different financial situation, different ages, different risk tolerance, as in the different Personality thing um, so you have to ask yourself what's appropriate for you uh you, you very much if you wan na, like your money now like you will sell now, like the values, are good uh in the short to more medium term, i'm still bullish, but i Do think within the next, whatever handful of years, there's gon na be another very serious, crypto correction.
I i strongly believe that um i i don't know how serious serious is uh, i i'll think like definitely double digit correction um, but for me i'll use that as an opportunity to buy more on the cheap, and i can withstand that. Like my my trade duration has that like planned it i i'm prepared for a massive dip, i'm prepared to die by that dip, and then i'm prepared to wait for years after that, if maybe that's not the same plan for you, you might want to do something Along the lines of okay, if i see some weakness, if i see a pattern of like some lower highs, some lower lows - maybe you just want to lock it in, but remember, you're not going to uh you're not going to top tick it. That should not be your goal, because if you do it's pure luck and not skill a while ago, i stopped looking at dips as merely hedging manipulation, but a drying up of overwhelming bullish momentum could be, i think, that's probably more reasonable. Do i think, there's manipulation going on yeah.

Do i think, there's a lot of people in the community who are saying manipulation just to say it and like they probably wouldn't be able to explain to you what market manipulation is also probably true. Vix is spiking. That is not good for the s p 500, which is still selling. What else do we have uh? Thank you for everything, matt uh thoughts on atr right now, any position yet no, but i wouldn't chase it like the point to get into ater was earlier today around like 9 60ish, like in here and risking 9 30, not now um.

I think a lot of people - and i'm going to say this till i'm blowing my face but like i'm never going to give up on this argument, do not chase it's completely different. Maybe this sells off right now and comes to 10 and swings back around all right. Maybe that's an opportunity, but would i just willy-nilly buy right now? No, because i don't want to be a bag holder. What if this is it for atr? What, if it just keeps selling down - and i bought in n11 you're when you get into a stock, your first question shouldn't be: how good could this possibly go? Your question should be: how bad could this possibly go? My first question is: oh wow.

What, if i bought in right here, and it sells off all the way to nine dollars and i lose what 18 in the matter of a couple of minutes, no way, i'm not taking that risk. There's too many people who have the stars in their eyes like, but what, if it goes here, yeah well, maybe, but also what, if it does the exact opposite? Can i look behind me? Look behind me. I mean i see it over here. My screen.
What's behind me, thoughts about melissa lee interview with jacob finkel former sec lawyer says: jamie needs adult supervision. I didn't see that, but i do have wait. Where is my? Is it right here? I did want to watch this all together. I think this is a good time uh.

I did not see the jacob one. Maybe i could track that down but check this out. I actually spoke with the company's ceo, adam aaron just last week about potential new revenue streams. His plans for the future take a listen to what he told me.

There are some ideas that have surfaced, which i think could create real value for amc and um, uh, uh and uh. You know the one of the ones that i particularly love, which uh i haven't commented on before publicly um uh, which i haven't commented on before publicly is um to make commemorative movie tickets as an nft, and i you know that's a really smart idea. That's a really smart idea, because we we probably pay 50 to 100 big movies a year. Could we make 50 to 100 nft commemorative tickets? That mean something to people and mean something to us that could drive our business going forward? I think the answer is yes.

I, like it nft, is now accepting more than just bitcoin, but also ethereum litecoin bitcoin cash guy, showing sports video game tie-ups. I mean he's open-minded about different areas that the business could take. No, i respect that and if you want to be bullish, i mean that's the reason to be bullish. Quite frankly, the open-mindedness, but just let me say quickly once again and we've discussed this, the short thesis, the the you know, the short squeeze thesis to me.

It doesn't really make a lot of sense. I mean this is a stock. That's average trading about 105 million shares a day if you're short the stock. You have ample opportunities not only on a daily basis, but on a almost minute to minute basis to cover you're short number one blowing up in amc.

I'm not certain, that's the case, so there are a number of reasons to be bullish. The ones you discussed are seemingly some, but the short squeeze thesis to me is not so i think it is a failing business. I think. Listen.

You go back to 2016 uh when the stock was sort of at zenith. At the time business was, you know, couldn't be better and they still couldn't figure out how to get things going. So again, i don't love the business model. I love the fact that he's got starting to skate where the puck might be going, but that whole short squeeze thing to me is just i.

I don't want to say folly, because i don't want to offend anybody for lack of a better word at 6. 45 p.m, folly, so that the second part there i don't really agree with uh. So i, like the nft thing, i very much like the nft thing, but this the discussion of being able to get out with ample opportunity. The data actually differs.
The data actually differs by quite a bit so right here, we know as of august 31st. Let's just use this. These are like the hardcore data points we can use as of august 34th or 31st. Excuse me, there was 96 million shares short all right.

So 96 million august 31st uh. Let me zoom in august 31st we traded 127 million - let's call it 128., so when you have 96 million in short and then 128 in volume. What do you mean that on a day-to-day hour to hour - and he even said minute to minute basis that they could get out like that's, not true, that it's simply not true, like could maybe very very early shorts, like whoever pulls the rip cord first? Yes, they could get out. That is a possibility, but to say that all of the shorts, like the entire grouping of the shorts, could simply get out in a day.

Well, how how we trade, 127 million and on that particular day, you're gon na, have maybe a return share account two days later hang on. Let me check this out. We can get the numbers so two days later, they actually just increased it. We went from 105 to 112., so, like my point is, is these drops? Are a couple million, maybe three to five when there's a big day of return shares and that's like these volume days, barely cover enough to represent the scenario in which all shorts cover and that's the entire trading volume of the day and there's not market makers? There's not high frequency traders, there's no hedge funds, there's no institutions, there's no big banks and there's no retail with all those.

If you took all those out, we're barely trading enough volume and actually on days like today, we're not even trading enough volume. We're all short shares could get out and could cover it's just not possible, there's not enough volume for them to do it so um the i i kind of wish that they split this chart or this video into two different parts. The first part about the nft. I think it's cool.

I think there is a nostalgic sentimental value to big movie releases um for various reasons, especially throughout the year. I think that's a smart idea, but i don't know what this guy's name is uh the comments and he's been over time softening his position on amc like at first didn't really pay attention to it. Then he didn't like it thought we were all done and now it's like okay, i understand some of their arguments, but not this one and if i had to guess fast forward a month or two, i bet he'll even soften his position on this and, like all Of a sudden he'll go from like okay, i don't kiss. I like, i don't get the short thesis i think it'll be like okay, like it's kind of crazy and then i'll be like well.

Okay, i see it not that likely and then he'll be like. Okay. No, like i see it, i see what they're talking about he's slowly but surely been like softening his thesis, but, right now and like you, don't have to attack him as a like. You shouldn't attack him as a person.
Remember they go low. We go high, but right here like i feel like almost just someone needs to have a discussion with him, be like well how like you're, saying that they can get out by a minute to minute basis, like i think verbatim, that's what he said is that there's Opportunity every minute every hour and there simply isn't we're talking about a hundred million shares short, like actual short, not just on loan, we're not training that volume. How how how how the number is just not there to explain it um, but this guy and like i wish it like. I knew his name, but it's escaping me right now.

Um he's been softening his opinions on amc, and i think, if you give it enough time, it'll be um, i don't know. I think it wouldn't be that surprising, if he's almost in, like agreement with us uh. Where is this jacob lawyer thing, though, that people were talking about who's, this guy uranium, jacob palantir jacob jacob? So someone said something about a lawyer talking jacob jacob jacob jacob? Does anyone know where that is oops, i'm searching on the wrong one, jacob nope uh? Well, i kind of wanted to watch that video of something about a something about a lawyer talking about social media and all that stuff, all right. All right.

All right amc still has not moved much on the day. Um it's trading at 44, 64. gme is at 203 at er deciding. Is it going to sell off, or is it going to keep pushing kind of in limbo and the spy still looking pretty weak, jacob frankel june 3rd june 3rd? I'm not seeing any recent news from jacob frenkel about madoff jacob frinkle.

Does the market correction tank us or add to the thesis uh? It could go either way. Uh a market correction, sell-off uh could severely hurt us or it could severely help us. It all depends on who bails out of amc. First, the bulls that support us like blackrock and vanguard, or the people who are bending against it and uh.

It all depends on who pulls the rip cord first, hey matt, since you're talking nfts. I know you like ducks and cardano. Why not own a piece of blockchain history with a clay nation duck cnft, not clayton financial advice, amc gme to the moon ben p. I would love a a duck.

Cardano nft, i would love one. Do you foresee alibaba going bullish in the near future, or is that looking bearish for the next few weeks? I could take a look at it. Alibaba is a tough play. Uh because, like i think, alibaba is one of the most severely undervalued companies we have in the market right now, but it doesn't necessarily have to trade up into its valuation, because on top of alibaba, just of what it's doing as a company, you have to weigh Two very important things in the political tensions between the us and china, and also the political tensions between jack ma, the founder of alibaba and the chinese government.

Alibaba, i believe, is trading on a massive massive discount to its appropriate value. But i don't know if it'll trade up into its value, because its success has a lot of political tension surrounding it, u.s and china, china and jack ma. So it makes it a very, very tough trade, a very tough trade, but i do like alibaba. Like i said it's, i think it's severely undervalued it possible that the markets are red due to the chinese housing thinking.
What are your thoughts on about the situation load? Up on puts, i don't think, that's what's causing, maybe it's adding a little bit in the market uh on the market. Right now we have a lot of people rolling quadruple witching, like i said, higher volatility. Unfortunately, this volatility is in the downward direction. We have a historic pattern of mid to the end of september being weak, we're seeing that right now, there's seasonal patterns.

We have concerns about whatever the next greek letter of verona popping up. We went from what delta to mu to whatever the next one's gon na be uh. People are not the most like well, there's mixed reactions. I should say about people getting this third booster shot.

There is inflation concerns, jobless report concerns like it's a bag of a lot of little negative things that i think are adding up to this scenario. It's not the chinese housing thingy exclusively uh anyway, kyle melissa, lee interview. I want to listen to this interview. I haven't found it yeah, i don't.

I can't find any recent one unless you're talking about a one from a while ago, uh hey matt, can you tell me which institution hold the most amc stock and when it was purchased 54 average? Please pick me up soon. Rough few months um, so i don't know if fintel has the date of purchase. It just goes from quarter to quarter, but i can tell you the biggest people uh. All right.

We have vanguard, hang on share shares, vanguard at 44 million blackrock at 30 million a different vanguard account fund at 14 million. We have a different vanguard at 11 million iwm at 9 million straight street corp. So, basically, you have a lot of etfs and money managers and then also black rocks in it at 30 million uh. This average share price.

That's a predicted thing! This isn't right, you can't say they're. They all got in at 33.44. That's an incorrect way to look at this and i also don't think it has a date, but you can check its change from quarter to quarter to quarter, but basically vanguard, blackrock and the russell 2000 so kind of some etfs in there and then on top. You also have blackrock straight state street corp uh.

I think that's just a hedge fund and same with geode capital management, also a hedge fund at eight million and seven million respectively. So some etfs, some money managers, blackrock state street and then geode as well, are some of the biggest names i don't know specifically when they got in that type of information uh. You can check it from quarter to quarter, but it's not like there's like. Oh, we bought it on this exact date.
They just report their holdings at the end of each fiscal quarter. Who is that who is vanguard and blackrock short? Are they hedging their bet with amc and jamie uh? We don't know because short positions are not reported. Uh right now, 13 f's, that's what you have to file if you manage over 100 million dollars and they fire file them every quarter and they basically have to report their calls their puts and their long positions, but not their short positions. Discord live questions misses you when you're gone uh i mean that's.

Why i go in the voice, chat uh. We hang out in the the voice chat there. So if you are a member of the um discord when i during the break, i commonly go right over into like the live chat to hang out with all those all those hooligans help me, you idiots the aliens for taking me uh. The numbers are ridic, wait.

What are these numbers for? Do do do oh, a t, e r yeah huge cost to borrow just like you, you hope, fomo steps and whenever amc is running, it's the same thing buying is needed and your view influenced that positively or negatively buying, isn't. In your view, influenced that positively or negatively just like you're hoping for steps and whenever amc is running um. I don't think so. I really really don't uh.

If, if you just look at the money like look at the volume, that's trading! Okay! So would you talk about ater as your example ater, currently trading at 1074.? Let's just call it 10, as the average price actually indicators, v, wob. Okay, the view up is 10.44, so that's the average price 1046.. So if we look at the the number right here, 24.776 times 10.45, we'll call it that's 258 million dollars in dollar volume that bought and sold like for there to be a buyer. You have to be a seller, and for there to be a seller, there has to be a buyer buyers.

Have sellers sellers have buyers? That's what volume is so whatever it is on ater, today alone, you're talking about a quarter of a billion dollars, a quarter of a billion with a b 258 million now talking about influence and social media and all that good jazz. I what this morning was carrie. Fifteen thousand right now i have about seven thousand viewers. Do you think my 15 and or seven or let's round it up? Let's call it twenty thousand twenty five thousand, whatever number you wan na call it, let's call it 25 000, because that's actually really easy.

Uh. 25. 000. What so you're saying 25 000 each person - 25, 000.

oops. I want to do the 258 million. Let's just run some quick numbers. So that's saying if i were at 25 000 that on that day, all of my viewers on average put in 10 000 into a stock.

It's, i don't think i think people misunderstand uh the numbers that are actually moving a stock and how much money it truly takes and then to apply that to a person who's streaming somewhere between seven thousand ten thousand fifteen twenty twenty five thousand, the the the influence There, like, i think, you're overestimating how much my average viewer has in in average play that i'm talking about um, i, the diamond, handed being there there's just not much influence like it's a small impact of like the things that truly moved the market. Like i said, atr alone, you needed a quarter of a billion dollars to represent what was happening today. I i just don't buy it. What else do we have? Everyone prays for matt rant, duck shirts, frog, hats, 40k, tesla trades, inspire confidence.
That's not what oh hang on. Let me make it bigger hang on. Let me zoom in i hate. That's the one thing about this monitor is i end up reading like a portion of thing and just kind of run with it hang out.

Let me zoom in how do you make the font bigger on discord? Is that in settings settings setting settings user profile? Oh wait! I probably shouldn't do this when i'm streaming, because you show some of oh wait text and images. There has to be a way to make this bigger or i can put on glasses, but i don't want to all right. I think i could read this uh for my sake and the others in atr play. I hope fomo buying steps in just like you hope, fomo steps in whenever amc is running.

It's the same thing buying is needed and your influence that positively or negative buying is needed and your view influenced that positively or negatively. That's what i'm saying is like. I don't think no, i think i, unless i'm like rereading it and still buying, is needed and your view influenced that positively or negatively buying is needed and your view influenced that positively or negatively, isn't saying that we need fomo for something to move the opposite of Saying don't chase thoughts? I don't think anyone in our community should ever chase, because that's poor trading, but that doesn't mean there's always going to be fomo buyers, always always always going to be fomo buyers. I'm saying we shouldn't be the fomo buyers.

Like us, our group, the moon, gang fomo buying, is what sets up bag holders uh. I'm still confused on the lessons buying is needed and your view influenced that positively or negatively. So are you saying, in my view, or my view, does i think we have a messed up final sentence? There diamond handed mean but ater, let's just talk about foma buying and day trading and swing trading and algorithms in general, as this pushes people get excited and then when they see strength, they'll get in there, but fomo buying chasing it's kind of all on a relative Basis almost to risk so, for example, based okay, is getting in at 10 17 fomo buying chasing the answer is not a clear cut, yes or no. It really isn't based on the fact that we were recently at four dollars.

Yeah, that's formal, buying that's chasing based on an intraday chart. Well, not really! If you're going to risk 10 right there, you could risk 20 cents and that's a very reasonable risk for a potential reward of it to go higher and higher and higher. We know atr can move huge costs to borrow huge short interest, all that stuff um when you say fomo buying when you say bag holding in a certain way. It's saying that you did not have proper risk, so you can buy in at a high price.
Like a lot of people recently asking about c c e, i and my typical go thing is like okay. No, it's run this much it's chasing its phone and buying, and it is on that time frame on the daily time frame. It 100 is, but if you see a nice support on an intraday basis and you're like oh, i just want to get in here and i'll risk that and i want to play until the end of the day or maybe for a couple days. Well, that's a different question.

Then it's the eyes of. Are you a fomo buyer? Are you a bag holder? A lot of that comes through the lens of what time frame are you dealing with and how far away is your risk? I see a lot of people who are getting excited about something running and okay. There is good reason for excitement in certain scenarios, but if you're gon na get into it, no matter what your time frame is, where is your risk? If you actually, i feel like? I should start doing this whenever anyone asks me about a trade or that or getting in or getting out. Your first thing should be.

What is your risk like? You have to have a risk uh. I think that's actually a good healthy way to do. Some of this stuff, especially when people send in some of their questions and what is or isn't going on, um oh shoot. Okay, there it is uh.

I think that's actually a very healthy way like. I think everyone should just say what what is your risk? Tell me your risk like if you're going gon na ask about a stock and you have a question or an option or a future or crypto. I think that's. Actually, a very healthy thing for all of us to do and engage in is any trade.

If you're curious about atr amc gme spy any of those, what is your risk? If you can't tell me your risk, that tells me that you got into a trade and didn't do your full reasoning that you should be doing you didn't? Do you didn't give it enough critical thought, because i think a lot of people get excited and they're like? Oh, it could run to this, but it's like okay! Well, what's up, what's your risk point um, so moving forward if you're listening right now, if you have a question about any stock, i would love to know how you're viewing it so send in your wrist point, just tell me your stock uh give me the details Of it, like, i feel like we could have more constructive conversations that way. Give me your stock, don't just say like what do you think about this or that, especially if you have a position, tell me when you got in tell me your wrist point. Tell me your reward point like i need to know more about how you're thinking about it, what if apes and retail traders form their own hedge fund to algorithmically trade stocks and turn regular hedgy tricks against them, or is that dumb um? I don't think it's dumb like there's, there's big hedge funds, there's little hedge funds, but like with it like right there, like you can't just say, algorithmically trade um, it's easy to say, but pulling off a successful training algorithm i've tried to do it. It's very very difficult, uh.
It's a lot of man hours, a lot of money behind it to get to something work, algorithm algorithmically! I mean these people who do it like these hedge funds that have it it's a team of phds like it truly is, and they've spent millions or billions of dollars like developing it testing it they're getting poached from the highest level. Schools that, like it's literally just data science, basically data science statistics, it's um who's that one that people have been talking about recently simmons from renaissance, one of the most successful quant funds out there. It's about 300 people out of the 300 people that work at renaissance 100 of them have phd's in the highest level stem categories. You could possibly think of get the duck gear and play that song for this malt.

Can you check the ortex data for romeo power? I believe that's rmo romeo power has a short interest of 19.9 shares on loan of almost 17 million and a utilization of 45. So rmo gets very interesting until you look at that utilization uh and that's why you need all of it. You need the short interest. The shares on loan, the utilization, it's nice to know the days to cover uh, it's nice to know a lot of these things going on and rmo would not make my list.

I believe it's having a good day, but i think ev as a whole is having a good day. Rmo to me is not really a short squeeze candidate, definitely not an ftd short squeeze candidate. All right. Why did i lose all these okay? Here we go.

Okay uh. Thank you. Alan state street is not a hedge fund. They are holding company an administrator paperwork processor for many mutual fund companies, so that then puts them in the same category of the russell 2000 and the vanguard like they're representing overall funds, um they're, not necessarily obviously, they're, not not all those things on that fintel list Are hedge funds uh? Actually, the biggest owners of amc are more of just like in indices and etfs.

Uh. Look at my link in the comment for the channel with the former sec. Look at my link in the comment. I don't know in the comment in my comment.

Like you commented on um here. Let me try to find this off screen andrew all right. We did that we did that uh. The issue is everyone thinking there are a ton of amc's and jimmy's too many youtubers are telling people here that the stock is one in the day the stock pumps pre-market and sells yeah um.
Yes, yes, yes, yes, uh there! This here is the entire list of stocks that are like amc and gme and have the potential of amc and jimi. If you want to get a piece of pen a paper, a typewriter, a letter, a notepad, a microsoft paint i'll give you a second or two, but i'm about to share the entire list of stocks that are in the same league of the aim scene. Jamie moon stocks, i'll give it a quick second, so you guys could get your crayons out.

23 thoughts on “Ep 76 remember your why dumb money: amc, gamestop crypto”
  1. Avataaar/Circle Created with python_avatars ElrondArmy says:

    Moon- forget about it, we are going straight to mars with a $BHAT token.

  2. Avataaar/Circle Created with python_avatars Emily Anne says:

    What are Matt’s favorite platforms for crypto? I think he has codes or Gemini and voyager?

  3. Avataaar/Circle Created with python_avatars Art says:

    Moo moo sucks I have heard nothing but bad reviews on it .no customer service.cant get money out .I know it probably don't matter if you lose one sub

  4. Avataaar/Circle Created with python_avatars Josh Knox says:

    Our anthem should be uprising by muse!! We shall be victorious!!!

  5. Avataaar/Circle Created with python_avatars LifesACap says:

    Me: when the price drops -_- holding..

    Also me: when the price goes up -_- holding…

    me again: during the squeeze :))))))))))))))))))) … sell at my sell points and continue with life.

  6. Avataaar/Circle Created with python_avatars Deez Nuts* says:

    The coffee damage more than his package this morning

  7. Avataaar/Circle Created with python_avatars Bard fox says:

    its easy you just hold been holding since January and i am in deeeeeeep and i am buying more Monday )))))))))))))))))))))))))))

  8. Avataaar/Circle Created with python_avatars 지완 μ„œ says:

    I think Americans think the SEC is too honest. I've posted countless comments that our apes have to pressure the SEC to win. I thought SEC would have been Citadel's helper. The reason for the pressure was that there was a limit to the helper because he was a helper but a state agency. I thought a huge company would be in solidarity with a corrupt institution anyway, and if it turns out, I wanted it to betray quickly and turn around. Why didn't the SEC work until now? If you think about it, it is the reason for solidarity. Think about it. If there was a terrorist attack in which banks were robbed and people died, would it be delayed? No. If it's a serious matter, it needs to be solved right away. There is only one reason to postpone it. It forms solidarity. Now we have to pressure the SEC more to break Citadel's solidarity. It is difficult to cut out a group like a rotten and rotten rock just by waiting. Look at the head of SEC who looks like a beaver! How shamelessly is Citadel extending Citadel's time while deceiving the people? What was allowed to be so was, in a way, naively believed and neglected by the American people. The SEC using it deceives everyone and acts as if it were for the people. Will you still leave it unattended?

  9. Avataaar/Circle Created with python_avatars Adrian Ervin says:

    This channel boring he makes money. Saying the moon every week

  10. Avataaar/Circle Created with python_avatars Contact Mr. Clinton via Telegram [Clintonfrederick] says:

    It’s already been said , but excellent video ! The effort you put into the production was well worth it , it was entertaining from start to finish can’t wait for the next one. Great job πŸ‘πŸ‘.

    Regards to Rick Richard for aiding my crypto portfolio increase.

  11. Avataaar/Circle Created with python_avatars Stephen Tierney says:

    There's a drone video on Youtube of Citadel packing up their Chicago Headquarters last night.

  12. Avataaar/Circle Created with python_avatars Gladiator Spear says:

    Nothing happened for a couple of months

  13. Avataaar/Circle Created with python_avatars Steph B says:

    Hi Matt, new subbie from Uncle Larry's channel!πŸ’―πŸ’₯

  14. Avataaar/Circle Created with python_avatars Jesse James says:

    It's a Bullish reversal Bear Trap. You'll be able to drive a Greyhound bus up the short's rear ends when this is over.

  15. Avataaar/Circle Created with python_avatars Keena Hutchens says:

    Really enjoyed some of the rants today. People hating on the cod playing must not have been around for the antics during the all day streaming months 🀣

  16. Avataaar/Circle Created with python_avatars Anastasia Rex says:

    I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn’t mean security. So l really appreciate your transparency

  17. Avataaar/Circle Created with python_avatars Merit Erick says:

    Making money is easier through investment, don't save your money buy Bitcoin and nvest

  18. Avataaar/Circle Created with python_avatars thayer haywood says:

    Your pool jumping chat at the end was wise beyond your years. Thanks man

  19. Avataaar/Circle Created with python_avatars Salvador Hilton says:

    Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today

  20. Avataaar/Circle Created with python_avatars John Oliveira says:

    Yeah , I have to go….. boring…. Paint dry

  21. Avataaar/Circle Created with python_avatars Jesse Amaya says:

    Buy & hold next week will get better to the moon soon πŸš€πŸš€πŸš€

  22. Avataaar/Circle Created with python_avatars tinted braden says:

    Exactly , holding for the squeeze the price means nothing

  23. Avataaar/Circle Created with python_avatars Sloanh812 says:

    I liked your end rant. Thank you

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