Buy The Dip???
Dumb Money Ep. 81: AMC, GameStop & Crypto
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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

Foreign, hello, hello, hello, folks, let's get connected connected connected to the nasa space center. Let's go, let's go. Let's go should be a very very interesting day because we do have some of these uh the macro economic developments that we've been talking about before we do have some interesting things to say about them. I mean i'm looking at the markets, uh interesting, very, very all.

Right, let's hop right into it! Folks, let's hop right into it. Here's what you need to know dao the dao, so we talked about the s p. 500, the nasdaq 100, the russell 2000, the dow just you know commonly thought to be that, like the dow 30, the dow dogs, it's like the top 30 companies, s p, 500's top 500. That was typically thought to be the top 30.

anyway. Dow set to bounce looks to end streak on four down days, so the reasoning for this is because of developments and everything else. We've talked about first thing: this is happening today. The fed expected to signal on tapering provide quarterly forecasts, so the central bank is widely expected to indicate that it's getting ready to announce a timetable for pairing back as 120 billion monthly purchases of treasuries and mortgage-backed securities bonds.

No change in near zero rates is expected. Pal has said it's raising. Borrowing costs will be considered separately from tapering. So here's what you need to know like with all that jazz i mean.

Obviously i have it wait. What is this robinhood launch cryptocurrency as bitcoin becomes bigger part of business cryptocurrency wall? It's interesting. This is apparently breaking news, hang on, let's hop into that, but before it so the fed had them. It is getting dusty up here on the moon anyway, today the fomc meaning the minutes will be released at 2 pm, eastern and then jerome powell.

The fed chairman, will speak 30 minutes later, so between 2 2 30. 2 45. We will be seeing some movement and volatility in the market. Here's my prediction: my prediction is no way jose.

Are they going to talk about interest rates they're not going to change if there's a good chance that they don't even change interest rates in 2023? It's all about the tapering. We care about tapering. What is it doing with the 120 billion in purchases per month? Is it gon na say, hey in a couple months we're going to cut off 10 and then 10 the next month and then 10 the next month? Or is it going to come out of the gate and be like we're, cutting it right in half and we're going to 60 billion and then a month after that, we're going down to 30 billion? We have to understand exactly this. It's the timetable for the 120 billion and how they're going to handle that tapering.

I really really don't expect they're gon na even probably acknowledge it. They might acknowledge and be like yeah we're, not changing interest rates um, most people. The debate is what's going on with 120 billion and how they're gon na, like kind of scale that back so that's today, 2 p.m. 2, 30 p.m, uh we'll be checking that out.
China's evergrand settles interest payments, odd domestic bond, um, so update on this. China's embattled evergrand agreed to settle interest payments on a domestic bond wednesday, while the chinese central bank injected cash into the banking system. Easing fears of imminent financial contagion for the debt laden property developer. A lot of people are saying all right.

Is this like lehman brothers? How much can it really impact - and i thought this was pretty interesting - evergrand holds land while lehman held financial assets so because of the the fact that it owns land people are saying even in the worst case scenario, it's not as bad as what we saw in The us with lehman brothers um - and it just has to do with the sector that they're in - and i guess it's just the the assets that lehman brothers held was like far more detrimental than just ever grand holding land, because someone will just buy the land and It's maybe not the biggest uh, i guess potential negative influence on the global market and even the asian market, but anyway, just to follow up on that. One shout out to unusual whales, unusual whales right here they tweeted this out - am i gon na. Have a tough time finding this hang on. Let me go to my own profile right here.

Evergrand is set to make its onshore bond payment on time by, but the developer has not indicated whether it will be able to pay the 83.5 million interest to on its march 2022 bonds. On thursday it has another 47.5 million payment due on september 29th. So i just i'm bringing this up because there's various dates and various things that they have to pay. It's not like.

They paid one and they're in the clear now there's various things going on. We have 83.5 million just in interest due in on its march 2021. On thursday and then on the 29th, we have another 47 so between what this thursday, which is the 23rd and then also the 29th. So, within that six day period, they have to somehow pony up about 125 million, just in interest payments, which is insane, but they did at least make their first payment for the bond, their domestic bond.

That was going on so just trying to keep everyone up to date. What's happening there in terms of the u.s political gridlock house, dems pass bill to avoid shutdown, suspend debt limit. The house passed a bill to prevent federal government shutdown and suspend the debt limit in a step toward preventing possible economic calamity. I always think it's funny, like does calamity just sound so insane, and maybe this is an insane situation.

So maybe it's like a perfect word to use. I just think calamity is a funny word anyway. Congress has to pass a funding bill by september 30th to prevent a shutdown, so we're in the house and remember bill's, become laws like remember that whole like that dancing song bill thing of like it's in the house and then it's gon na have to go to The senate and then it's gon na have to get approved by the president, so it's the once up we're on the right way, but here's the date september 30th congress has to pass a funding bill plan by september 30th to prefund a shutdown. Those are all the major things you need to know about, and just the fifth one pfizer provides 500 million more covid vaccine doses to us for donation.
So those are the major things you need to know about for today, wednesday september 22nd. Overall, it seems like it seems, like the recent pressures we've seen early this week over the weekend monday and tuesday, that have been facing the overall market. I'm talking, the overall global market has been easing uh, so i think that's a pretty positive thing. Um, and as i was doing this, we just got this breaking news.

Robin hood to launch cryptocurrency wallets as bitcoin becomes a bigger part of business. Robinhood is testing crypto wallets with select clients next month to allow investors to send, receive and move cryptocurrencies in and out of robinhood app. In recent months, some users have taken to social media to complain that by using robinhood they had exposure to crypto prices, but not actual ownership of the coins themselves. The move comes as cryptocurrency makes up an increasingly large part of robin hood's revenue um.

So yeah we've been talking about this for a while. So whenever i mean i have many many personal, personal qualms against robin hood, but when people were specifically asking me about crypto that was it right there. My reasoning was well, you don't actually own the coin and the big thing in the world of crypto is actually owning the coin that you think you own um, and that is not true on robin hood or on weibo and this okay. Maybe i'm cynical so the question with robin hood and i don't i don't think i'm being cynical.

I really don't because, like robin hood over the past six months, eight months has proven themselves. You don't give them the benefit of the doubt because they kind of treat their clients like so with this. This is interesting. The move comes as cryptocurrency makes, an increasingly large part of robin hood's revenue.

I don't remember the numbers off the top of my head, but over the past two fiscal quarters in the year 2021 quarter one. How did robinhood stay afloat in their debacle? Well, they stayed afloat because about a huge percentage. A massive percentage about 60 was coming from payment for order flow. They made a lot of money from payment for order flow fast forward, a quarter not as much payment for order flow because people, it was a huge exodus from robin hood so and like they.

They had a tough time, i mean they still lost half a billion dollars last quarter, but even that how why wasn't it even worse than it, because the dogecoin it was literally because of the craziness in dogecoin and the trading of dogecoin, that robin hood made its Money, i'm assuming on the spread, the differences whatever was going on so one quarter, you have payment for order flow, then, and really a lot of it came from options trading so between options, trading and dogecoin. That's why robinhood isn't even worse than like? I guess like kind of the the trash can fire that it is and it seems like to me this is them i i guess just clawing to get out. It's like they're clawing as a business they're hemorrhaging money day over day week over week month over month. That's what all of their quarterly reports show - and it shows like from the last quarter of like hang on people - are getting really really pissed off about payment for order flow.
Maybe we can make some money on crypto and they saw the success of dogecoin last quarter and it sounds like they're, i guess, trying to take a bigger pivot into crypto. This is breaking news literally right now of what they're trying to do. Um my opinion. Doesn't change my opinion on robin hood is simple: bearish bearish bearish? Those are the three words i need to encompass my opinion on robin hood.

If you want crypto, i do not trust robin it's that simple. That's my own opinion um. I don't trust them you. You can make your own decision.

I think it's way more reasonable to go to a better established company right now. I talk a lot about voyager right here. Supported coins. They already have these coins.

Not all of them are wallet. A lot of the main ones already function as a wallet here on voyager. You download the app it's easy. You could get rockin today, you just put in the code.

Matt21 mat21 and you'll get an extra 25 a bitcoin. As soon as you start trading you could talk about, you could go to coinbase, you could go to gemini, you could go to kucoin, you could go to kraken, there are there's a lot. There are 10 applications and brokerages and exchanges. I would prefer to get krypto on before i go to robin at least 10..

I could name 10 off the top of my head right now, um robin i wouldn't touch it. I think it's i'm just not going to all right. Uh shout out to austin on the discord sent me this earlier this morning. This just came out.

I guess. Last night, amazon is lobbying. The u.s to legalize marinara. The tech giant.

Wants you to know it's on the right side of history. When it comes to everybody's favorite, herb amazon is ramping up its pro marinara campaign, announcing on tuesday that it is actively lobbying for legislation. Reforms aimed at decriminalization and reaffirming its commitment to not screaming job applicants for marinara interesting uh, shout out to austin on the discord for sending this my way. So i know a lot of people have been tracking things like tilray sndl.

This i mean when amazon gets behind something it's a mover. It can definitely cause stocks and industries to move. So if amazon is using its legal resources and its financial resources to help with the legalization of marinara folks, it might be happened happening sooner earlier than later. So i just wanted to bring this up.
It was posted on gizmodo. I thought it was kind of interesting, especially if we just want to check out some of those stocks of what is or isn't going on, but uh, amazon, interesting interesting for sure all right now. Let's hop into what's going on with some of these stocks, so bitcoin looks like it's trying to bounce back around finding support at 41 000. I do think we're now in an interesting opportunity, so let me mark it if i can we'll see how this ages, let me mark out some of these, because i just do i mean man ethereum sub 3000.

It seems like whenever it gets sub. Three thousand. It always ends up becoming an interesting opportunity, cardano holding above two dollars. I do like that.

I'm going to mark all these out because i think all of them are at an interesting, buy right now as we're talking i'll leave this up for a couple days, because this is the four hour chart. So, let's see, let's see how this age is or it doesn't. I don't know i can't tell the future, but let's find out in terms of the overall market. I just went through the litany: the us debt ceiling, the federal reserve evergrand.

It seems like some of these external pressures are lightning. Yesterday, the s p 500 closed out at 4 33. Today we're opening roughly around 436, so up just under three dollars, so it makes sense that we have a gap up death or not again. I guess technically relative to yesterday's close.

It's a gap up, but not relative to yesterday's bar. I am looking for this gap fill up to 441, but just so everyone knows everyone needs to know. This expect volatility between 2 and 2 45 eastern because of the fed announcement um, we might be cruising in one direction. I don't know up or down.

My knee-jerk reaction is up because things are coming down with evergrand uh, but depending on what the fed does or doesn't say, we can see it. The entire market, like just pull a you cur u-turn on a dime, so please be ready for that, but mark it open. I'm a little bit bullish, i'm leaning towards the bull favor in the s, p, 500, open and uh. Let's see how this gap fill plays out if we hit it 441, but please understand to between 2 and 2 45.

The market will have some volatility, nasdaq 100 same thing, gapping up not as much. I, like this gap, fill up to 372 for the russell 2000 uh, also gapping up all these are relative to yesterday's close hang on. I don't like this magnet right here. We are going uh, i'm looking for that gap, fill up to 220 and some change all right now in terms of amc, uh we're pretty much opening.

Where we closed yesterday uh, i did a full technical breakdown. Oh, i need to talk about that, but before i do this just so you know, let me upload the numbers they've already borrowed 2 million against amc and we still have 15 minutes to go till the market opens. The shorts are clearly loading up their bet against amc. Obviously this remember i'm not.
I think this short ladder attack discussion is extremely overstated, but if you just want to talk about a good old-fashioned short attack of them, loaning out a lot of shares and like selling this talk well, yeah they've already got two million. Today, that's crazy. With a net of 1.5 short interest, 20.44 percent insane shares on loan cruising back up to considerable levels, we're probably now at 115 million utilization low. As in remember what utilization is the amount of shares on loan divided by the amount of total loanable shares? At that moment in time, so we have about another - i guess 15 million to go or sorry uh another.

Let's call it another: 10 million uh. We can't say 15 about another 10 million. So if we were to max this out today, it'd probably be in the realm of 125 just to max out utilization based on the current numbers. But remember these are dynamic.

They change from second to second short interest back above 20 on amc in terms of gme they've, already borrowed 150 000 against it short interest cruising above 14. Almost we have not seen gme above 14 showing interest in quite a while. It is interesting to note that the best against amc and jimmy are both going higher and higher. Simultaneously, utilization on gme is 38 shares on loan 7.5 million short interest right there already up on the day, so both of these going up up up uh, crazy, crazy action and with it i think it's noteworthy not just because of like.

Oh ah, look at this short interest. We like high short interest because of a short squeeze the fact that the short interest is going up when the overall market is getting relief, that's dangerous to be a bear. If all the sudden people are like okay, like we don't have to worry anymore, the market's calming down - let's go money back in: let's go instead of risk off risk on, as in pour money back into the market. That is a dangerous, dangerous concoction.

So for amc, we're out of the gate watching the support at 37, we're looking forward to recapture this trend line that was established between august 11th august 20th. We're looking for our first target is the gap fill at 4420 from a technical perspective in terms of gme. We have support between 188 and 190 right where it's at we're looking for the recapture of 200 and then really the region from 212 to 215, on both amc and gme on the daily macd, the moving average convergence divergence, we're looking for the crossover back into the Green territory, right now from a technical perspective, at least according to this one technical indicator, the bears are in control. That's what the macd is saying: we're looking for the cross back over we're looking for both of these to go green and i think that will be assisted with really the overall market going green.
So i'm looking for things like the s, p, 500, the nasdaq 100 and especially the russell 2000 to complete all of their gap bills, because i think that will end up helping something like amc complete its own gap, though, but anyway before when i quickly alluded to. Like oh, i need to talk to you about the technical videos, so i'm youtube is a living organism and it very much changes its rules and its algorithm. And yesterday i hit that fortunate uh. I guess period on twitter, where all of my dm's at one point it was working.

I don't know twitter's always being weird about it. Um. I got a lot of dms. Quite a few, like, i would say about 20 to 30 dms of people not being notified about my videos, so i was like okay, that's really weird, so i reach out to youtube support and i ask them i'm like what's going on.

Why are people not finding my videos and youtube uh? Let me just see if i'm recalling this all correctly, basically within a 24-hour period, they only allow you to send out notifications for three videos in a 24-hour period and with it i have two streams and also the update video. So that gets a little bit weird of like when they will and won't promote certain things, because, like sometimes i'm doing that third video right at the 24 hour mark and then i call up trey, i'm like trey like have you seen this before, because i remember Trey before he used to stream in the morning on lunch and then do his update video, i was like have you seen this before like do you know how to handle it, and he said that basically, he saw the exact same problems, at least anecdotally, that i'm Seeing where's one of those three is getting completely demolished and not promoted to anyone. So when i was talking to trey, i was like okay like what do you think i should do, and actually also talking with some of my team for the time being, just to see if i can somehow help with the algorithm of what's going on. This won't impact anyone on rumble if you're watching on rumble, i still upload everything as normal on rumble, but for youtube for the time being.

Until i get to the bottom of it, the the daily wrap-up videos will end up getting posted to coors light. So basically, it's going to do morning stream afternoon stream on the main mat course channel and then the update video will go here, uh on the coors light channel. So if you're a person who cares about the stream clips and the daily updates uh, i'm just doing - i don't know - i don't know, what's going on with youtube, but it they they're, always changing the algorithm and if it changes back, of course, i could change it Back to normal, but i'm just trying to balance a couple things out just so you know this coors light channel currently pinned to the top of chat, and this awesome gandalf one was um the the update video for yesterday. I was surprised with how many people didn't know about like lord of the rings, a squeeze is never late, nor is it ever early.
It arrives precisely when it means to to me that was a pretty obvious quote like from gandalf of like a wizard is never late, nor is he ever early. He arrives precisely when he means to um. I don't know that that joke did not land. That joke did not land at all.

I just i just thought we had more um. I i thought we had more lord of the rings uh fans in in the audience, but hang on i'll have to work on it i'll have to work on it all right. Four months can't believe it shout out atr generated another or tech squeeze type 3 signal. Today the chart looks amazing, especially on the hourly looks like it did before.

The first run, let's check out ater uh 18 whoa whoa there at er, my when we were discussing it for the likes from monday and tuesday. I was like okay, let's see how it reacts to 1325. It looks like we're we're gapping up above that wow um. It's actually gapping up right to its resistance.

This is putting 1670 into play. Uh ater, it's moving again, it's up 12 in pre-market all right. Let's check out some more info on ato just so everyone knows i do not have an ater position. I know a lot of people watching do so, i'm more than happy to hop into it.

I myself don't have a position: um, okay, ater short interest of 58 shares on loan. 15.26 million they've already borrowed 865 000 against it with a utilization of 99. Is this on the nasdaq it is on the nasdaq nasdaq threshold list is atr. Ater is right there, okay, so we're in an interesting scenario of if we're talking about ftd short squeeze plays ater it's on the threshold list.

It has a very high short interest. It's a lower float, stock utilization is essentially maxed out and then the final thing to really bring it home is if we just check out some of these moving averages. Uh. Let's do do do it recently.

So there's a couple ways: you could do this and let me hang on how do i edit this one? I want to look at the nine i like to see the nine and the four so it recently came. Yesterday came right back above the exponential the four day, exponential moving average, so in the short time frame we're seeing some bullishness the. U formation is filling back out. We have some nice strength this morning.

It's on the threshold list. All of the metrics are there ater for this entire concept of ftd short squeeze plays. It does check every box. It really really does uh.

My only thing right here. My only piece of advice for people who are watching atr is just wait and see. If it can hold this the gap up in the morning, it is gapping up it's opening above yesterday's high, which was 1406.. Currently, it's raining at 14.50.

My only little piece of advice on this one would be: let's, let's just see if it can hold the value right at market open, wait that first 15 20 30 minutes. If you think it will and you you just want to rip it right out of the gate, i wish you the best of luck um, but i do admit if we were to make a very systematic checklist of the things we're paying attention to. Ater does currently check off everyone, but i'm saying all that, through the caveat of i have none and i kind of like that because i feel like i could give unbiased information like. I want you to all be successful, but i think sometimes it's almost better.
For me to give up like opinions and breakdowns on socks, that i don't have a position in, because if i don't have skin in the fight like i, i don't feel like i'll be clouded through my own judgment of what i want it to do. So right here, like i feel like i'm, giving some very like an unbiased breakdown, because i i don't have a dog in this particular fight and it it's looking good. It's looking good if you're in ater, all right uh. What's your opinion on till rate, long-term chart yeah the long-term chart sucks until ray, but we know the amazon thing uh.

I guess not impacting the stock that much as of now uh it's below these exponential moving averages, the long it's till ray it it. It's not a technical play, to put it very very frankly, right now, it's not a technical play. The technicals on till ray suck till rate is a bet that you believe one day, the federal and state governments will legalize marinara. If you think that you buy some and you just wait and you wait and you wait and you hope that politics eventually catches up with the times uh lobbying should be illegal.

Just saying you're, all pimp got in amc at 13. Matt keep the good vibes going. Shout out prowess good morning matt. I always get notifications when you post videos on youtube or if you go, live yes, so the issue is they? They only do it so many times within a 24-hour period, and even without and like this is more the conversation i got into with trey.

If he noticed, even if all got notified the the way, the seo search engine optimism optimization, it would only work for one of the ones that he posted within the 24-hour period. So, even if he was under that, he noticed that the algorithm only cared about one of them and basically i just got a bunch of messages of people saying like why can't i find your stuff of what's going on so i'm i don't know, i don't know If this is the best move or a smart move or a dumb move, i'm just doing my best to maybe try to fight against it um as much as i can of like just playing within the realm of the algorithm, so i can still uh. I guess get the video out to the maximum amount of people, but yeah that that's what i mean we've had the coors light channel now for like a month or two, it's not like a new channel um. I i get it's newer than my main channel, but that's where we just put some of the fun stuff, some of like the crazy.
I don't know reactions and rants, and now it just seems like a little bit more viable to also put the the daily technical breakdowns, because some people don't like live streams. So that's my going plan, but it's it's all in motion. Um nothing's set in stone, i'm just trying to figure out what is or isn't going on shout out wolverine good morning, matt shout out. Can you please give your opinion on crdl crdo therapeutics um, it's a biotech, so i don't i'm not the biggest fan of the sector.

It's in the charts. Looking strong, it looks like it. Spiked got really beat down for a couple years and it's fighting back. So, even though i don't like the sector, i do admit that the chart is looking kind of nice, like i like the strength um, just not my favorite sector um, if you're interested in it.

Your closest reasonable risk point is around 350, so you're, risking about 60 cents. If you're, okay with that risk, i i wish you the best of luck. Can you take a look at bro's new, ipo, good long term um? I don't know much about when you're asking about long term, that's more of a fundamental question of okay, like what's the company doing what's its growth with its future guidance, it's only been trading since september 15th and from then until now, one two three four or five. Today is its sixth trading day.

I do admit it's strong, but right now i don't know if i'd wan na buy it and be like. Oh, this is the point for a long term hold. If i were to get into bros right now. It would be a very quick day trade like just play - i don't know, take advantage of some of the bullishness uh, but in terms of long term i i just don't know enough about it.

It might be a great one, but i also assume one of these days you'll be able to pick up bros for probably cheaper than 32 if you do like it for the long term. So, if i do like it, i'd probably want to save myself 20 per share, but that's the difference in. What's your time frame in the trade all right. Can you look at ltch? What is this one ltch? What is this one? Computer communications uh? It's looking pretty weak right now.

It's looking heavy to me kind of a triple top rejection at 14.50. This thing, if it goes below 1280, it looks like it wants to sell more uh, wow and like it might be, and the macd just crossed over ltch right now on the technicals. I have no idea what this company does, but the technicals, the the bears have. The edge, i would argue, kenny g.

What is it, what do you smell? Mainstream media analysts they've picked up our trail shout out west folk, west poke fowl all right. I think i'm finally up to date up to date up to date. I think we are good. We're ready to rock the market's about to open man.

This might be one of my best timings ever i just all of it comes together right at 9, 30., perfect, perfect, perfect, perfect. How many seconds do we have? I think i nailed this intro 10 seconds to go. That's the best timing. I've had folks best timing.
I've had, if you haven't already as we're waiting for the bell to go. Ding ding ding do not forget to destroy that like button, the casino is open. Best of luck to all may the odds be in your favor all right. Let's see how we get going today, uh ater definitely an interesting watch of the day, so i threw it up in the bottom left one man already at 15..

I mean if this thing gets going. This thing could cruise all the way up to 1670. I would say is like the next level. I would be kind of interested in paying attention to all right, perfect, perfect, perfect.

What are we doing? Orders all right? We are rocking interesting, interesting, interesting. How are we going today? Can you check wish stock yeah? I will write that down um. I want to kind of see the market open with some of these other guys, but i i can happily add it to a list wish. First, one on the list of the day.

I have 15 000 shares with robin and i started moving to weeble and 5 000 trunks. Robin hood is making me hold on my whole amc shares. If this quiz happens within a week, i won't be able to sell crazy yeah. Some of the transfer stuff is such a it's such a pain.

Some of it is just absolutely ridiculous. Um with me back in february, the transfer from robin hood to weeble when i realized it was such a pain, and this isn't to my understanding. The best tax thing to do i just sold all shares, took the money and then bought all new shares. Um there was realized gains involved so from a tax perspective, it wasn't the best because from a p l perspective, it was a break even move because i instantly sold instantly bought um.

So it's not the best play. I guess i was just impatient and didn't want to wait for the transfer to go through, but also back in. I i think the timing, like you have to remember back in february, everyone's like what's gon na like every day, was an insane crazy crazy day. So i think i felt some pressure from that that i was like when i was like.

Oh, it might be locked up for a week in the transfer window like at that time frame back in february. I was like that's insane. I can't be like out of like, like i can't be away from my shares for a full week, so i think that had like part to do with it, uh did you see. Adam aaron is looking into accepting doge yeah.

I discussed that in the update video yesterday, so basically he put out a twitter bowl and the last time i saw about 75 percent were saying like yes, look into doge see like what kind of opportunity it does or doesn't represent any thoughts on computer share. Yeah uh, i i don't think it's necessarily the best thing for the ape community um. It's just people, don't realize how immobile it makes you so right here we're. This is a very good segue, we're talking about the mobility of the transfer window and like if your shares are or aren't locked up the service that computer share offers, especially in terms of game.
Stop, i think, is powerful. I like it. It does help cut down on ftds, i, like all of that, but the issue that i don't think is being discussed enough, especially for apes. Is you you're not as agile as you want to be? If you want to be on your toes and be like okay, i need to get in get out.

Computer share. It's a little bit slower. Moving computer share it's a great tool, but it seems to be a better tool for people who are like they know from the get-go that they're going to be long-term investors and the exact moment of their exit doesn't have to be as detailed and as fine. What else do we have wish all right? I think we are all good there, all right, so atr dancing around it's at 1460 amc getting sold out of the gate, not that big of a surprise i mean we did go over.

How many shares were already borrowed against it? Today i mean they already borrowed 2 million, and that was 15 minutes before the market opened. I'm assuming that some of the selling are new shorts. Stepping into the game gme is at 187. Amc is at 38..

Ater is at 14.75 s, p 500. It sold off. It tried to pump uh, but it didn't hold on to it. Um we're at what are we at 4 35.

55. Currently, uh, let's see if some buyers step in this is exactly exactly exactly why i still like to wait. Those first 15, 20, 30 minutes and just see how things shake out every morning, open, there's going to be volatility. People are making decisions and there's just a lot of whipsaw at market open and it's not fun to get whipsawed.

So i i like to just sit and be calm and see how everything is playing out. Can you check wife, wife? I got in 10 years ago and lost a lot of money jason how ever grand going affect blackrock who have shares in amc um. It very much depends on how the ever grand situation plays out. They've made their first debt payment.

They came up with the money. They have another one on thursday and then another one on september 29th september 30th. Something like that. I think september 29th is the additional payment um if they come up and pay off their bonds and their debt.

I think we're going to be good, but it depends on how precarious this situation truly is. But i i really, i don't think it's gon na lead to an overall situation, even in the worst case scenario, similar to what we saw in lehman brothers. I don't think that this situation represents that it might but you're gon na have to have other external developments play out. Ffi's still looking good trying to make a decision, it seems ffie i'll put that on the list wall street viking.

What's up with um m-r-i-n, we'll check that one out m-r-i-n shout out diamond dallas, page uh? What do you think spy's going into the fomc meeting in gap fill towards the downside good time for puts um gap filled to the downside? No um? I i don't think that, because you have to weigh out three things at once, you can't just say the fomc meetings when you're talking about the spy on this very particular day. You have to talk about evergreen, you have to talk about the debt ceiling and you have to talk about the fomc, meaning it's not like. One of them is like they're all playing they're all moving in concert together and all three of them. I would argue relative to monday and tuesday of this week have actually calmed down a bit um.
If i mean i would assume we see less bearish pressure than we've seen earlier this week, but, like i said i mean you, don't know what the fed's gon na say. You really really do not um there's a lot of expectations that it's gon na remain extremely dovish, which would be good for us uh. But you never know you just don't like i, i don't. I don't have the chairman powell's phone number and it's not like.

He calls me beforehand saying all right like we're about to announce this. I think that would be awesome if he did. It sounds super illegal, but um heading into it. I'm i'm i'm leaning a little bit bullish today, just because the there is political development, it sounds like they're getting more cl they're getting closer to the bottom of this debt ceiling issue closer to the bottom of the debt ceiling.

That sounds weird um, but the evergrand situation, the tensions are lessening and on top of that, um whoa whoa, whoa uh, hey matt. Thanks for the updates thoughts on bb and their earnings call tonight all right i'll put that on the list shout out dr thompson b b um so right now heading into the meeting heading into the 2pm time east coast. That is, i'm going to be a little bit bullish, but it could dramatically change based on like what the meaning actually comes out of it and the key like the the crux of the meaning, is the 120 billion number they've been purchasing 120 billion month over month. The question is, how are they going to taper? We know they're going to taper it, but in what mannerism are they going to do it all at once, a little bit piecewise when's it going to start.

We need the info on the tapering. Please discuss the proxy filing for bbig. Some people say it means the participants will have to buy uh options at three to four share and it will tank the stock um. I don't know about the options: um uh, i'm not the most up-to-date on the proxy for bbig, but i do know the little bit i know about it.

It was not as good as people wanted it to be. The proxy meeting did not favor the like the long positions, the bullish betters um. It did favor the bears from to my understanding. I have xxx 3x xxx shares of amc and a 50 call for november monthlies, and i'm thinking about buying a 40 call for october.

Monthlies, am i going to be rich uh all boogie, i very much hope so. The potential is there, but i i i can't sit here, especially at like the size and following and pitch insane things like that of. Oh, oh, this will. Whenever anyone in the market says this has to happen, and this guaran is guaranteed to happen, they don't know what the hell they're talking about.
They really don't. I am so sick and tired of people joining the market within the last year and all of a sudden, they understand so much that they're guaranteeing things. No. No, no, no, that it sounds like a very, very crappy, like salesman, a like almost like a shitty car salesman of like hey like i, i i just joined, but i know what's going on this is it this is it this has to happen.

Nothing in the market ever has to happen. It's one of the most insane mathematical puzzles known to man. It's it's in an infinite amount of multivariate variables in this overall equation and when people guarantee anything right away, my flag goes off they're a liar and i would say that to all their faces when anyone guarantees anything, it tells me they don't know about the market And in one way or another, they're trying to scam you, whether out of money, whether out of just social credibility, whether it's to get likes views upvotes, i don't care what it is in one way or another. They are being disingenuous.

You cannot guarantee squat. What else do we have? Is it a a good idea to buy a 35 call right now for three weeks out um? I i think the odds truly are in your favor on that one i really do uh. I'm, like i said heading into the meeting today. I'm going to be bullish, i'm remaining bullish and then, depending on what the fomc meeting, what the minutes say and what pal says at 2 30 uh.

That could sway everything. So i think it's a risk up until the afternoon session. But if you get a good play like a good position now and then the fomc meeting favors everyone, we could see a continued push in the market, so it's a little bit higher risk uh and maybe i'm just being optimistic. But, like i said, i do favor the bulls today, all right amc already coming back.

I would love to see the spy come back at er. Let me know if it ends up pushing uh. 15. 15.

50. Again, i just want to see what the russell 2000 doing the russell is pushing. So let's hope that this helps with a continued push in amc. Remember amc is the largest company within the russell 2000 jimmy hanging out at that region of support.

We know we have a big region of demand between 188 and 190. Let's hope that it can break above 190 and get on its way back up to 200.. The s p 500 is in a perfect bull flag. I feel strongly that this bull flag is gon na break and let's hope that there's a nice momentum, continuation from it.

Why do i not have my trend line uh? We are in this perfect downward channel, sell and sell and selling very perfect, very systematic uh. I'm looking for the test and the break of this upward channel the issue to it is we just don't know how long they're gon na continue this selling. It could just continue to build out, so i hope that it breaks way way sooner rather than later, but this is a bull flag. Uh the market trading upward into it perfect systematic sell-off.
As soon as the market opened um, i don't buy it uh. I think people are just shocking for some sort of weird position. I guess like just trying to get it in cheap, maybe before the fomc meeting uh but com cool collected on this one. I do think that the market, if we give it time, i feel - maybe i'm maybe i'm too optimistic about it, but i think that it comes bouncing back.

At least for that gap fill was the gap fill level i'm at least looking for this gap fill up to 441 on the s p, 500 amc v shape recovery. The v formation shout out to all the mighty duck fans paying attention right. Now we got a nice v formation going on with amc uh. Hopefully we get a v formation in some of these other things going on gamestop spy, uh, the russell 2000 slowly, but surely paying attention to 219.40.

Let's go back to ater, not really doing much. Bbig uh shot up coming down. I do like it over 640. uh, that's impressive to hold 640., so i'll be paying attention to that on bbig.

If it remains above 640, the more volume traded above it. Obviously the stronger. It is, let's check some of the early morning flow on everything, um spy, bearish, whoa, whoa, whoa whoa holy toledo. Does someone know something we don't? That is abnormal.

That is ab. The flow is notably bearish against the overall market. Interesting interesting interesting, but it's notably bullish on the russell 2000. What is going on today? That is weird.

The the magnitude of these numbers is like noteworthy, and also just the the fact that they're opposite of each other is also noteworthy, and then the nasdaq is it's bearish, but a little bit more closer to reality. Interesting, okay, amc, uh! Currently, the premium is bearish 54 versus 46 gme. It is roughly the same thing, interesting, interesting, interesting. So right now the the bull flag, i'm talking to you about.

We are getting that breakout. This is a very, very basic pattern, uh somewhat predicted, but uh interesting. I am thoroughly i don't know i'm thoroughly confused by the flow today. It's either a lot of people are gon na get burned or they know something about the fomc, meaning that we don't uh.

Those are the two options: um all right, uh. Somehow i already got behind shout out to belle div bulls on parade. Shout out shout out bell div. I appreciate you being a member.

I appreciate that support. I've only been in the market for a year, and i can guarantee that guy that yoloed into wife is going to lose money uh. What do you think of arq's chart already got halted all right, putting that on the list? Arq uh l-a-u-r announced they're going to do dividends in charlotte's bullish check it out. L-A-U-R-R-A-L-A-U-R we're gon na do all of these uh.
So far, i have two four six stock requests: um, we'll do a quick breakout session of all these other stocks in about 15 minutes about 10 a.m. Eastern, so, if you have other stock requests, send them in uh. I i want to set up times of the day where i kind of do everything have a little bit more of a schedule uh, so the first one of the day will be at 10 a.m. Uh all the stock requests i have coming in we'll do a quick breakdown of what's going on with them all right, amc pushing making it's right now at 39 14 it makes wants to make that run up to 40 20.

Is the next level of resistance? Iwm flexing its muscles spy flexing its muscles. All right, i want to see this push back up to 436 436 is pretty important in the overall market. We've seen this as uh resistance, resistance, resistance, a gap region, support support, support 436 is an important pivot point for the market. The longer the spy is above 436 right here.

I haven't marked it out the better for really everything involved in the market, so we're going to be watching this level pretty closely um right now we need to see if this bull flag breakout holds or if it's just i don't know, some sort of a bull Trap or something like that, but right now amc looking good. It really looks like it wants to push that 40 key psychological level. What happened to workhorse uh workhorse is taking a hit right now, wkhs because they delayed the delivery of some of their vehicles uh. That was announced um.

They were they're not able to make fulfillment. Obviously, that's not good news, so the stock is dropping. Mr matt lack what you think: lac lithium mining lac on the list shout out carlos shout out a hearn all right and shout out ritual skin tattoos. P er matt's, totally real 10k run bill.

Div beldiv, beldiv davao sounds french, sounds french. What else we have am i working yet we are firing at all syllables on twitch and we're firing at all symbols on rumble, hey. We got it all working today, it's gon na be gon na be quite a day. Whoa sec genzler doesn't see cryptocurrencies lasting long sec.

Commission chair gary gensler said tuesday. He doesn't see much long-term viability for cryptocurrencies, underscoring the importance of protecting investors in the market and bringing it under regulatory oversight uh. I disagree wholeheartedly disagree. This sounds like exactly what a government official would say about.

Crypto. Of course a government official would say, hang on. We want to bring it in. We want to regulate it.

We want to put like our finger in the pie - um of course, they're going to say that about crypto. Of course they would. I am back holding wifey for almost 20 years now still waiting for the mother of all short squeezes. All right amc is still trucking upwards folks, still trucking higher and higher, and higher bell biv, devoe beldev devoe.
Oh folks, uh. I was thinking all right, we'll have to go into this when things are a little bit quieter, but i i need help with my football pick: em league um. I i think we could easy easily do all these polls of who will and won't win and i'll. Just pick whoever you guys tell me to pick but uh, i need some of you to really to really set up step up with your your football predictions and help me win my pick em league because i'm getting slaughtered any ever ever grand news yeah they made Their first debt payment uh, which was awesome, and they have another debt payment tomorrow and then another one on the 29th.

So if they continue to actually start making these like continue making the interest payments which, within the next seven days, is to the tune of 120 million dollars. Imagine, 120 million being your interest payment like they're, not even paying on principal they're like oh, we just need to pay 120 million in interest. Those numbers are gargantuan, crazy, crazy, crazy, uh, ater, sofi sfx. Here.

Let me write these down all right. Well, we're kind of watching atr atr. It does check off all the boxes of an ftd short squeeze candidate and then sofi uh. So far, hey is anyone in chat.

Does anyone trade on sofi? If you do do you like it, do you dislike it? I don't know much about it. Uh if i had to guess i assume they use payment for order flow just because, like most do uh, but i was just wondering uh for wife: it's not the moas, it's the mother-in-law of short squeezes super bearish. What's going on diamond dallas paige, all right, christina duckworth, coming in with sofi is the absolute worth and if christina duckworth says that i believe her so i having previously no opinion of it now believe that sophie is the worst uh. That's how much weight i put on christina duckworth's opinions and commentary, so i will no longer ever support it, not that i ever did because i didn't really know much about it, but now i've gone from neutral to against it uh.

They also do. I guess payment for order flow yeah, so it sounds like a it's i'm seeing more negativity and they also do payment for order flow. So it seems like a pretty easy thing to be. Like nah i mean i have not found in if you're in the us.

There's not an easier thing than public uh and you could, on top of that, so you're not doing payment for order flow. You're, not doing market makers you're, not doing dark pools. Everything you do is going right to a lid exchange. It's free trading and you get up to 70 of free stock when you sign up, there's literally no net, there's no reason to be trading stock on payment for order flow platforms right now between easy things like fidelity, easy things like public with public.
By far being the easiest, if you're in the u.s i mean, if you're out of the u.s, there's a good chance that your country's already banned payment for order flows, you don't have to worry about it, but if you're in the u.s public, it's easy. It's super easy, you download it. It's the app just go to public.comworks it's in the description of the video, it's free money, folks, no payment for order flow um. I see a lot of people complaining about market makers and the regulatory issues.

Well, this is something we can actively do. We don't have to support payment for order flow. It's super super easy. If, if you're trading on a platform, that's engaging in payment for order flow, you don't really have the right to and moan about payment for order flow.

Then because you could so easily fix it, you could just download one for free, no money whatsoever and, and you actually get money for signing up. So i don't know that's my opinion on it. You don't have the right to complain about it. If, if it could so easily be fixed and you're engaging in it, if you happen to not care about it, oh okay, that's a different story.

If you're, if you're, like hang on payment, forwarder flow, like that's, not really the hill, you want to die on all right, like we all have our own opinions, uh, that's a different story. I'm just saying it's a little bit weird for people to like get on their high horse and argue against payment for order flow and then still actively trade using payment for order flow when it's so easily fixed. And if you don't like public, i see some people saying they don't like the public app try out fidelity uh, i i don't have an affiliate link. I don't know if i could get you like a freebie for a signup.

Try, fidelity then, but remember with fidelity. You can't just use it. You have to use active trader pro and actively route, your orders uh. So if public's, not your cup of tea seriously, try out fidelity um, i don't like any of those for charting.

That's why i use trading view here and then i just execute my stock trades on those like. I have a fidelity account. I have a public account. I don't that's how i handle it all so far.

I might be getting a bank charter interesting. It's kind of funny i've been watching that show billions and for, if you anyone's up to date of like what is or isn't happening on it, um the the new like thing is like axe getting a bank charter. So i think it's funny that people are talking about that and it's like. I need a bank charter where's the bank charter, but it has fees nope, no fees, uh public is free trading.

Fidelity is free trading um, here's the trade-off they're, not not all brokerages are made equally fidelity and public. Neither do public or payment for order flow. Neither of those do pay pfof um. So that's good! That's that's! Obviously a plus public uh.
I don't think it has it. I think you can only actively trade from 9 30 to 4.. I don't think it has like extended hours trading and it doesn't have options trading. So fidelity, i would say, wins in that like world, but if you're not an option trader, it doesn't really matter to you but the downfall.

I guess the relative benefit of public then, is that you don't have to route your own orders. You don't have to sign up for active trader pro, so it's like it's like. What does it weigh out to you? I wouldn't say one is the clear winner uh. Actually, i would, i would say that publix a bit better, because what amc and jimmy have become is like kind of a buy and hold thing where you don't have to actively trade.

So because of that, i do think publix is it's just easier. You just buy and you you're like okay, like i'll, see you later type of a deal. You don't have to like be actively involved.

13 thoughts on “Ep 81 buy the dip??? dumb money: amc, gamestop crypto”
  1. Avataaar/Circle Created with python_avatars The Pacific Northwesterner says:

    This shit is getting rough, seems to be a lot more dips then peaks.

  2. Avataaar/Circle Created with python_avatars Ben Brown says:

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  3. Avataaar/Circle Created with python_avatars Luke Latham says:

    I'm listening only and I hear legalize Marinara and I'm like wtf lmao

  4. Avataaar/Circle Created with python_avatars phil dowson says:

    i got matic dip with USDT and now enjoy watching the charts!

  5. Avataaar/Circle Created with python_avatars John says:

    Amazon sees the margins on marijuana. They want to control the market.

  6. Avataaar/Circle Created with python_avatars Ricky C says:

    nxtd next gamestop

  7. Avataaar/Circle Created with python_avatars Kelly's Anesthesia Tips says:

    Even if I don't have time to watch, I come back and give a thumbs up for the algorithm! You are always a thumbs up!

  8. Avataaar/Circle Created with python_avatars funnydog says:

    Dkyc the best project ever!!

  9. Avataaar/Circle Created with python_avatars Ulysses Rant says:

    Yo DKYC is eating the Evergrande dip for breakfast!

  10. Avataaar/Circle Created with python_avatars Elizabeth Andrezj says:

    The general market for some days has been going up and down and even the crypto market is not left out, but the good thing is that every market gives us a certain leverage to benefits from. For me, i'm taking full advantage to continue bitcoin day trading so as to grow a very strong portfolio ahead of the major bull market after this short correction. Pro trader Harvey Archer deserves all praises from me due to his unfailing efforts, signals and guidance towards his traders. I'v gained 6.3btc trading with his signals and services… SUPERB !!

  11. Avataaar/Circle Created with python_avatars Frank Carlos says:

    Am no longer waiting for the stimulus check because I earn $10,000 every day recently πŸš€πŸš€πŸš€

  12. Avataaar/Circle Created with python_avatars Emily Bryant says:

    <I respect your work mate, because you are pointing people in the right direction, this is the FOMO September for the incoming dip in October. It is manipulated but that can be a good thing if you understand it. We should all know that when these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. but all thanks to Expert Leo Lazarus for his amazing skills for help me to earn 20 BTC through trading chart. I believe we are in the spring phase…

  13. Avataaar/Circle Created with python_avatars RE-UP GANG LLC says:

    1st

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