Bouncing Back πŸš€πŸš€πŸš€
Dumb Money Ep. 84: 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

Welcome back to the thursday afternoon stream, today, thursday september 23rd, amc jimmy uh not really doing too much like they're in the green, but they've been kind of just flat all day uh, so hey any green day is a good day. Green, green, green, green. The more the green the better, but it is interesting to kind of note, what's going on in like look at this, we were talking about this in the discord this russell 2000 push. I know we see those like systematic sell-off days and we're like well what is going on, but look at this systematic buy day like this is just crazy right here, like just slow and steady, the russell 2000 just up up up.

I had that target of 224.50 at first i thought it was undershooting it and then it kind of based and now we're just pushing we're at 225.50, like lots of lots of strength, the nasdaq not as strong but still pretty strong on the day and the spy. Not as extreme as russell 2000 and that's just because it pushed early this morning, but still just like pushing but like the market, is going higher and higher and right now we're actually seeing um kind of the white house push like. I don't know they're kind of pumping the market right here. The overall market white house says administration, taking every step to mitigate the effects of any potential shutdown.

White house says looking to meet with senior congressional staff on thursday today over spending measures, but nothing finalized white house says ongoing. U.S special envoy to haiti never raised his concerns about migration, so you just have some uh. I guess bullish comments, uh related to our market and really more of the debt ceiling scenario of them, trying to get ahead of any potential issues or concerns, and this exactly what it's just pumping pumping pumping pumping the the market goes bur. This is the exact melt up thing that we've seen time and time again and it's it's absolutely crazy to see this play out in the russell 2000 like this is insane look at that so perfect, so so perfect, obviously people making some money on it.

Thoughts on the spy, i'm thinking yolo calls um. I think it would be better to actually do yolo volatility puts you're. Looking remember, you don't want to get crushed by volatility, so if the spy goes up, you're, inherently saying okay, i want this underlying to go up and that's why you would buy a call, but if you're right in that you're also like for that to happen, volatility Is going to go down, so that's not the best time to get into calls, then um. If you are personally confident in spy iwm, if you're, confident in the market going up right now a superior way to play.

That would probably be puts on volatility and, like now, you're betting, on the volatility of volatility such as vixx vxx, uv xy, one of those guys but you're, expecting the volatility of volatility to pick up as it drops off, because the market's doing so well, ater shout Out in the discord pointing out, we might get a george w scenario trying to get this. The the final stage of the w actually forming would love to see ater back up around this 13.75. Obviously the higher the better but uh. That's the first area, i'm really targeting above that 1470, but some buyers stepping into ater uh.
Let me know if that gets above 13. iw. Every time i check iwm, it's just pushing more and more and more. This thing does not stop it's just.

This is just getting pumped folks: just pump pump pump pump galore. Let me make sure i have this rocking on rumble. Don't want to forget about my rumblers, i don't know, what's going on there all right and we are also good on twitch we're all so good. I wonder like so sometimes i see some of these gamers like with like a really zoomed in face, should i just be like super close like i feel like this is probably the best way to talk about stocks.

It's just like all. Forehead 100 forehead, 100 forehead. 100 effort, all the time this is hell. This you got ta be just this close when you're talking about trading all times like this will just become a forehead stream.

I suppose i'm sure there's a couple. People right now who are just like did matt finally lose it, and the answer is a obvious and resounding yes, i have clearly lost it, but hey you know what i like to say: you got to get a little lost to get a little found and that's What we're doing right now we're getting a little lost, so we can get a little found. I can see here. I can see your thoughts all right, let's zoom this back out to how it should be.

I was just testing it out and really i wanted to say that, because that's how i that's how that's how i live my life. That's one of my life mantras. You got to get a little lost to get a little found. All these people they're always trying to find something they're trying to find their purpose in life find answers this that i get it, but you know how you found you find stuff.

Well, first, you have to be a little lost. You got to be a little lost to be to get a little found uh. Could you check ortex on kplt? You know just because you asked so nicely. I certainly can certainly certainly kplt.

Why is it not loading catapult holdings? I think it's another financial conglomerate, all right. Kplt short interest of 34.5 shares on loan of about 13.5 million and a utilization of 98. What's that chart looking like on kplt kplt, getting a bit of a bid today, looking strong, i still like kplt for a gap, phillip to 9 30.. I know there is this gap below it down to 360..

So that's a little bit dangerous, which kind of makes it more of a difficult play, but i don't know i. I still really do think that there's a shot of this gap. Who knows maybe it's going to gap-fill both? Maybe both people are going to be right for whatever gap party you happen to be in, but we have a gap-filled down to 362 in a gap fill up to 9.32, but based on the the, i think it's on the threshold list, utilization short interest and low Float, i am favoring, this gap fill more, but who knows maybe both are going to be right in reality. Maybe both will be right in reality, forehead gang, yellowed spy calls, and this is sweet, never thought about putting puts in vicks.
You made me money so far. Why doubt you now, thanks again, oh, i feel like that's like probably the moment where you're like that's, where it gets dangerous. Why doubt you now like that's probably when the fun has run its course, but hey whatever you do, if you're doing it with reasonable risk reward, that's what you need to be doing like as long as your risk is in check just make sure it's not going To get out of hand matt, i tweeted at you my fun way of explaining dark pools to the children who refuse to understand, hope you, like it sammy i'll check that out concerning all your charts and smartypants indicators. Do you really think it beats the lit jesus? Take the wheel stock strategy.

No, i don't. We were actually just talking about this of one of uh, a top five trade. For me, this calendar year has been hex uh, the crypto. I got it before.

I knew what it was. I just bought it because one of my friends who i trust like he knows a lot about the market he's like yo buy this thing called hex i was like okay can do. I did it and percentage-wise it's one of my best trades of this year and right there. That's, like you, said the jesus.

Take the wheel, trade! Hey! Luck! Luck, luck! Luck, um! If you could pick being skillful, skillful or lucky in the market. You're gon na want to pick lucky like nine times out of ten 99 times out of 100. You would want to pick luck in the market over skill and i just sometimes you just get lucky and it works out big green candles on bitcoin yeah crypto's. Still looking good right now, i mean bitcoin uh bouncing off of 41 000.

All the way back up to 45 would love to see this test of 47, and i do think it's coming sooner, rather than later, aetherium getting back over 3 000 bouncing off of 2700. It's pushing 3200 hex bouncing off of i don't know somewhere between 36 and 38, already at 46 and solana bouncing off of 115 back up to 150 already uh. We are seeing a crypto balance and crypto's bouncing right as the market's bouncing. I mean this iwms whoa, a rare, a rare red candle for iwm.

Today you know you're not seeing too many of those uh interesting, but the market i mean iwms up 1.94. The queues are up. One percent s. P 500 is up 1.5 percent uh hey it's a good day in the stock market.

Amc currently up one percent gme of 1.7. It's we're seeing a lot of green. A lot of green in the market today take a look at d-a-t-s dats. That's that stats nasdaq! That chat packets software - oh this thing's, looking strong, it looks like it recently was listed or ipoded or something back in mid-august.
Since then, it shot up then looked like crap and then fought back and now it's looks i mean today it made a new all-time high. I'm not the biggest fan of buying at new all-time highs, but if you just like the company like it depends on your time frame, is, is this a good point to get in in day trade? Well, probably not maybe a good medium term, though, and if you like the company and it's long term in the sector, it's in i mean it's showing strength like could be a good long term point right now, but um i'm not one to just. I would have to have a very, very good reason of why i'm getting in at a new all-time high people are talking about atr breaking out of its downtrend. Is it? Is it is it? Ah, i would want to see it above 13.

Just from the support midday here, i would want to see it and now resistance resistance. I would want to see it recapture 13 um on the intraday basis to be like. Okay, i think it's changing trend. Where are you buying hex? I can't find it on voyager yeah, it's not on voyager uh, i swapped mine on metamask.

That's how i got it. Hex is not the easiest thing to get your hands on um, it's not on like a coin base or gemini, or anything like that. You have to do the swap, or at least that's how i got it. Uh of all things.

I've lost, i missed my mind. The most ozzy osbourne mac, hey matt, scc, finally filled its gap. What you think from here, can you please do or text utilization 98 days to cover 4.25 short interest. 59 3k shares at 589..

Let's take a look at sdc, oh okay, so it did gap to that 605.. So what you're? Looking for um, i don't know if the play would necessarily be today, like i wouldn't be uh doing anything too crazy at the moment. I would be looking for okay, we're at support, let's see if it can actually bounce and get back above this 650ish region, but you want demand to show up like now. Uh you want buyers to step in.

You don't want this to go much farther and with you i mean you're still in profit, because you're in at 589. Remember just what is your risk? You don't want to let a trade go too far against you. I mean i don't know when you got in um, i'm assuming the most recent you could have gotten was september 16th, so you had a nice profit at one point and since then, unfortunately, it's been trading down the other way. Uh.

Just don't let this work against. You like an incredible amount like i, everyone has to define their own risk of what they're, okay with risking uh, so lazy, vegan hippie! Please please! Please do that, but for what you're looking right now technical from a technical perspective, regardless of where your entry is, you very much want it to bounce off of not only the key technical support, but it's also a key psychological level just because it's around dollar uh. So you're looking for demand to step in like now four months and worth it thanks. How do you evaluate when to sell options? Example, i have atr put at 12 50 for october 17th.
By the way, do you still code at all um? My coding is actually recently my most recent coding has been uh for my futures, algorithms, just kind of messing around and tweaking some of those um. So not. I really have not been encoding six months ago. I coded way more than i do now.

Um and it's just more of a time thing but um for my options: i'll, do it one of two ways most or one of three ways. So some of my options, if i'm doing cover calls or credit spreads, i just let it go till expiration and hope. It's below the price and i look to retain max value. That's probably not what you're asking about if i'm long on a put or a call, uh i'll, either look for a price level in the underlying asset to get hit.

I'm like! Oh, this is resistance. I want to sell there and i sell i'll, sell the option whatever its corresponding value is or i'm looking for a certain percentage gain in the option. One of my favorite strategies - and i don't know if you could do this day over day, but one of my favorite strategies is very much to look for 100 gain sell half of my premium and then it becomes riskless. And i let the other half ride but or what you could do.

There was a time period where, whatever i did, i would just go for a 10 gain. I would do that for a while. I was trading options and, as soon as i was up 10 i would sell. In fact i would have a sitting sell order.

As soon as i placed the trade, i would look for 10 gain uh. You could do that depending on your money. Maybe you want to do percent, maybe you want to do 20 percent uh. It kind of depends on the volatility of the stocks that you're dealing with um, but for a bit there, that's what i would do on tesla uh, because tesla could get to a 10 gain pretty easily.

So i would just redo that over and over again and see if i could get that right, but with it uh there's various ways. It depends on how you're playing options and in your time frame and your account size and blah blah blah, but um all of it is whatever it is, create that plan beforehand, um when you get into it, you should know like. Under what conditions would you exit, and why would you exit shout out from canada you're a legend bro check out intl intellibridge tech hundred one thousand three hundred percent gains coming out of a nice consolidation, prime for another rip intl shout out to my canadian listeners. My connection listeners um, it is basing, but right now you're in almost like a perfect bull flag, so this shot up and then a perfect downward channel.

You just want to see this top trend line. You want to see that broke and, like start to like pull that u-turn uh. That would that's how i would like choose my entry on intl. What are your thoughts on ar bk just opened up? Uh it just ipo'd, so i wouldn't mess with it.

Just because you're gon na see a lot of volatility, but hey it looks fun. I mean it's active like if you, if you want volatility and movement like ar bk, might be good for you for a quick day. Trader swing trade uh. But for me i i i would just be a bit more patient on ipos um.
I i learned my lesson with coinbase. I think at this point, the only stock and company that i would break my current ipo rule on which is basically don't trade ipos, the one i would break that on is starlink elon musk's like world internet project uh. I would break it for starlink, but which has an ipo yet i'll. Let you know when it ipos, because most likely i'll be breaking my rule and i'll buy it as soon as i can hey matt.

Can you do a standalone video on how to buy hex? You talked about it this morning. I definitely can curtis uh. Should i exit my 22 924 qs calls today. I already have secured an initial investment and some profit uh.

Oh that expired tomorrow, yeah death, crew um. I would it to me, be even being a riskier trader, um you're, carrying a lot of risk, so just because of theta, you need it to gap up just to retain your current value. Everything else held like constant. You need a gap up just to be at your same value as ending today, and because of that, unless you feel super super confident in a gap up which, like i don't know how you would ever really predict the odds of a gap up so like.

If your gut is telling you staying well, hey stay in, maybe you want to trust your gut, but for me i would be happy to lock in my money today, especially for something that is expiring tomorrow. Uh tagged you in a post yesterday of kramer, almost burning a set down making toast funniest handle is uh tight like tiger check it out, he's losing it. He is like he he's he's, definitely losing his mind. Could you give joby a look, possibly a shout out and let's go what out miner mike so j-o-b-y? It's a like uh like a vertical it's an aviation company and they're like from an aviation standpoint.

It's like the vertical takeoff and landing type of uh technology. It's up 12.5. It's having a great day, part of the reason why it's up is because morgan stanley just initiated coverage on it and uh. They actually started it off with like overweight, like they really like it.

They think it's undervalued, uh and right now i mean the market's reacting well to it. It's up twelve percent, that's a killer day. It's shot up, they try to smack it down and it's fighting back and right. Now it's almost setting up a cup and handle if this thing starts pushing 11 11 20 uh.

This thing might really get moving, not 11. 20. 11. 10.

Excuse me uh, but j-o-b-y, showing some strength. Joby aviation. I love you man, i don't know. I am now addicted to listening to you, while driving and in my headphones best positive dude ever shout out.

That's very nice, i'm addicted to you, man. You always get some of the most absurdly nice comments from canadians. It's so funny. It's like one of the nicest it's a nice stereotype that the stereotype of canadians is that they're nice.
It's like an it's an odd stereotype, uh matt welcome back sir amy jimmy and bibi looking good, i'm on senzunao and wow sava shout out eric uh matt dude. Why did i get banned from discord? I did nothing uh mike uh. I i don't think there were any um bannings or anything like that it. Maybe this is like a patreon mess up.

I want to say mike um shoot me a dm on on discord on twitter, we'll get to the bottom of it, but there were. There were no discord banning so um. It sounds like a tech mess up, but uh mike figure out to reach out to me. You could also dm like the moon gang merch and they can get you in contact with me on twitter, like on their page uh, but we'll get to the bottom of it frank m, becoming an astronaut.

I think it's bowling becoming a space tape. Shout out shout out shout out: why is there no no fun voices right now situation bought atr at 1198 looking weak today. Would you hold or bounce? Thank you always brother, um, so judge. Judging on the news of atr, i really do think it's a market overreaction of.

What's going on, um they they're using some stock to pay off their debt uh. I think it's an overreaction. May would you get in that you're in at 11.98 uh, so you either got in that like one of the best prices of the day or you were in previously so you're still positive on it. Um - and i know it sucks to see some of your gains dwindle, but trust me it sucks more when it goes red with it.

If i i don't have atr so i'm trying to give you the most unbiased view i possibly can. I don't think this one is done, i don't think it went up and they smashed it. I think people are overreacting to the news. I don't think the news is really that bearish i mean people i saw a little bit of like they were talking about dilution.

I mean to the point that i was even saying: dilution and then we looked into it and we're like wait, a second that doesn't make sense, um they're, just using stock to pay off some of their debt and get rid of their debt. So that's not like being held over their heads. I think that's a smart business move. It tells me that people at the helm of this company uh have a good business sense um.

I i don't think it's done. Maybe i'm just being a bit optimistic. I don't think i am because i don't have a position. I don't have really anything to be optimistic about uh.

I i just if anything, i think it's a discount uh regarding kramer's old video, where he openly talks about his market manipulation strategies. Why haven't they charged him? I don't know um he. He says a lot of things that i don't get. Do you know okay, so the other day like we don't even have to go back that far like i've seen that video and it's a crazy video, we could go back a couple weeks like two weeks where he just tweeted out buy amc.
Do you know how much i would get if i just tweeted out by amc the amount of times i need to remind people that i'm not a financial advisor, don't copy me. Nothing i say is like buy or sell advice. It's not financial advice. If anything, i only give out relationship advice, i don't get it, i don't.

I guess he just gets a free pass. Do you know how much like mainstream media would lose their freaking minds if, like someone like trey or myself, just tweeted by amc like that, would be so so dangerous uh? I i just don't get it uh. I've never been more mad at kramer than i am right now when he said people are going to need narcan for their kramer addictions i mean, i don't think heroin, addiction or overdose are funny. Do you? No? That was out of all the things he's tweeted.

When he's fighting with our community, that was the one that was like, i don't know, that's messed up now that one, i guess for me, um right now, this the narcan like the drug, that's used to help with people that are like basically odin with uh, like A pretty disgusting addiction uh, i i guess i didn't address it because i just i was like oh wait. Matt like are you just having an emotional reaction? The area i'm from um, it's okay, so i'm from originally like, born and bred in northeast pa um. Some people refer to the area, i'm from as like, basically like the heroin highway because of the way it's distributed throughout the us. To my understanding, a lot of it comes from northeast pa when it goes from like the northeast corner to the rest of the world.

Um and gia geographically, it's a it's a rural town and that also like it gives you strong indications about like the the poverty level of my area and the education. Basically, my area is highly susceptible to uh people getting addicted to these types of drugs and about my hometown, it's a very small area. I would say about once a month. Someone is dying from it.

It's bad, it's an epidemic or whatever the proper word would be. Um i saw that and i i had a an emotional response because i have i have friends in the area that are like currently battling with this stuff and it's um. It's just super super disgusting, so i didn't say anything because i was like well matt like maybe this is just hitting a little uh too close to home, for you, i'm glad someone else noticed it, but i don't know uh it's weird, because when you say things And you're you're doing a bit like sometimes you're, like okay where's, the line like what can you joke about? What can't you joke about so that one? I just thought he was being like a bit of a dick um, not really understanding some of the state of like where america is at right now, with these drug addiction issues, especially like referencing narcan uh, a lot of people day over day are losing their battle With that so like it's, not something i would joke about and i don't think it's something he should have joked about, but i don't know i guess you do have freedom of speech and people could say what they want and he said what he wanted to say And i just like, i was like oh wow, you're you're, a dick type of a deal. Someone needs to take kramer's phone.
It's sad watching a full grown adult, throw attempt for tantrums uh. Do you ever review otc stocks like ilus and strong dd and strong revenue? Um i'll look at it, but i would highly prefer, like i'm not going to trade it, because i don't want to trade on the gray market uh. This one is looking good. It's making a lot of people a lot of money.

This is a very strong chart. Uh i tend to not like you could see right here otc that means it's on the gray market, my reasoning for not liking. It is it's not so much because of the companies, it's because that market is less regulated. So if you have issues with the nasdaq and new york stock exchange of how they're being regulated - and you think, there's too much manipulation - there's way more of that going on in this.

So it's not because of the companies, it's because of the market that they're on, and i just know that they have less oversight. So i think that could be problematic. But if we're just here to talk about technicals, this is looking very strong and if it continues upward, it could actually get uplifted to the nasdaq and then that becomes a whole different story. Hey man, i have a feeling soon: elon musk will post a picture of him and doge watching a movie at amc and that will help pump the crypto and stock.

Oh brother, if that happens, it totally will like people will lose their mind. I hope it um. Oh my lord uh. I think that would be awesome.

Sorry, i just got a message from kramer's micropeen that things are getting a little awkward for me. Um, i'm four years sober two years ago discovered my obsession with furniture painting and now that's my drug. I am semi-famous and can't complain of you. Homie shout out tommy's touch matt, you need what you need to see for you to jump back into amc calls uh thanks.

I i just want to see the volatility start to pick up, because, right now it's definitely suffering through iv crush um. I like that it's holding 40., maybe a nice break and hold above 41.50 that just me studying volatility. That would probably see a nice uptick, but right now it's just volatility's super low and i mean today isn't i like it's a premium crush day like amc's in the green, which is awesome, but it's kind of done nothing all day it. It gapped up sold off a little bit held green and now it's just flat.

So these are not good days to be an option like i want nice trending days, preferably high volatility trending days and we're actually seeing the opposite of that right now, which is premium burn, i'm from massachusetts, literally most of my friends are different. I'm sorry! If that opened a wound, sending love and hugs, oh no, no you're, you're good! It's just it's weird because, like i, i it's one of those things where i'm in no fan of the pc culture of saying. Oh, you can't joke about this. You can't joke about this, like i think people should be able to joke about anything.
They want um. If you make a funny joke, you make a funny joke. If it's funny, people will laugh and when you're in a certain territory that you know is uh is going to be sensitive to people. It better, be a really good joke and to me it just wasn't a funny joke, so he he he got into a territory.

Referring to jim cramer and narcan and like his addiction thing um he i guess maybe he made the joke, but it just didn't land at all so like to me. If you can make people laugh, you get a free pass, but then certain things you better be pretty damn funny to make it work and it it just wasn't funny. I don't know so like that. It's just sucked kramer needs a timeout sits in the corner with the duns cap on uh lost my older brother and younger sister to addiction.

It's no joke. Love! You matt! Thanks for keeping me company shout out yeah i mean for me. I guess we all have our own lines and for me that's just not a line of something that i would even attempt to try to make funny, because i i don't there's not much humor to be found in the scenario. I guess it's weird and that's why i really didn't like it like.

I addressed it a little bit my update video. I was just like oh kramer's having a breakdown, but like he's kramer folks he's just kramer, like i don't know, he's just like the dude in a weird way, like i don't know we're in a certain way. I do feel bad for him because we're watching a guy spiral and it's just you're watching and like i don't know if he keeps going down this path. Do you really think he'll still have his job like it's not like mainstream media is happy with him.

Like always engaging and fighting like we're, seeing this like guy this older guy, who at one point, was highly highly respected highly highly lauded like he was a hot commodity like every every mainstream media wanted him and right now, like i mean, is this: how he's gon Na end, his career as like the final notes of his career were just like day in and day out, fighting with people on twitter. Like i that's sad uh, can you check amc or text? Yes? Yes, yes, yes, yes, amc or tex, so they've borrowed uh 1.73. With a net return of 1.4 million, because the return shares was 3.12 million short interest still, notably high 20.1 percent uh utilization 90 shares on loan 114 million short interest - 20.4 uh. So that's how we started the day off and now, just because of the net return.

It's dropped by about 0.2 percent um interesting numbers. It definitely took a switch at the end of the day, but remember these return shares. I think a lot of people they're like whoa whoa whoa, like when i'm told about return, shares. I'm told that that means green because for them to return it they have to buy shares back, but remember, for them to buy back shares the earliest they did.
It was two days ago. So it was it's not like. These return shares are shorts that were covered today. In fact, they're definitely not shorts.

That covered today um, if anything, their shares that went out on loan and then were never shorted and are just being returned or they were shares that went out on loan went short at earliest. They were covered two days ago and they're now being returned today. That's very important: that's why this says return shares because they were returned today. There's no delay in that they're actively returned today, um, that's why it's called return chairs and not like shorts covered or yeah shorts, covering or anything along those lines.

Uh we're generation that grew up with eminem south park, family guy, when the f did, we all become so sensitive and easily offended um i mean i, i can't speak for other people, but i mean i would i still think in what i said of like. I think people should be able to say whatever they want and it's if you say it out there like hey. If it's funny, it's funny so like right. There you're talking about eminem south park, family guy uh, i would say the difference there.

So eminem one of the most like highly respected rappers ever it's because like if it's done well, people will have a tolerance for it south park and family guy. The way they can pull off talking about such sensitive things is because they make it absolutely hilarious. To me, that's the difference is if, if you want to be in that arena and talk about sensitive topics, well, you just have to make it either really really funny or produce some of the best like rap ever um. It's to me, the difference is in the actual execution of it like if, if, if people can make it funny and if the audience perceives it to be funny, okay, well, you did it well, but that kind of holds true with everything it doesn't have to be.

A sensitive topic - it's that's the world they're in that to me, that's the big difference is south park and family guy are hilarity. Have you read the disclaimer on the hex website? What are your thoughts? Hex.Com disclaimer? I have not read it i'll check it out. I'll pull it up um, let me pull it up just so. I remember to read it later, but me now knowing a little bit about disclaimers uh.

This is probably just something for us like that. The lawyers all write up, probably for many, many of them, but uh i'll, go through it. The first thing i'm seeing here is the howie test, and it's not a security. I mean that is pretty important.

You don't want it to be defined as a security. Narcan has literally saved my life before and now i have nine years clean and sober and not a good joke. In my opinion, yeah and that's my opinion as well like he didn't, make it funny, and he like the dude's just losing his mind, like he's just engaging he's, fighting more and more with these people and in a way as we continue to engage with him, it Is benefiting him because he's getting more followers likes views? Do you know how many people have now probably bought his product at like the street just because they didn't even know who jim cramer was? They saw the apes fighting with him and they're like oh i'll. Look into him and they'll be like.
Oh, i don't like him, but maybe he has good information here and then they look more into him like in a certain way us fighting with him and giving him relevance, is actually making him more wealthy and it's making him more rich because he's just selling more Stuff, it kind of comes back to the uh. The adage of just like no pr is bad pr he's getting more attention, he's getting more clicks and more people are buying his stuff i'm four years. Sorry, we did that. I think i'm up today.

I don't i'm trying to not miss anything with dance cat. All right, i think, can you take a look at hexo, hexohexohexo uh? It's not really trading um! It's a two dollar stock that only trades eight million shares that's kind of a low. Oh, and this thing is just selling selling selling um, it looks super weak to me. Maybe if it starts to bend back around, you could eye up the gap, though, but like there have been no bulls involved in this ever since may, like all this has been.

Is like pure selling so uh that i wouldn't try to catch a falling knife like. I would want to see some people like actually buying this thing before i buy it. Uh matt check your twitter account. I just sent a link to robinhood court case.

He has great screenshots of their conversations interesting i'd, love to check that out. That eminem quote is from tom mcdonald. I got calls expiring from 445 and espn should wait with it being so close or sell for a day trade bought today, 4 45. On the s p, should i wait for one people um if you're up right now? If i were you, i wouldn't swing it just because it needs to gap up.

This is someone who was asking this a little bit earlier. It needs to gap up for you. Just to retain your value because, like you're gon na, have some pretty serious theta, especially if it's expiring tomorrow, especially if it's expiring tomorrow, i i'd rather lock in the money and have the money in my account than like, risking it, because if it doesn't gap up, You might get in trouble and then, if you like the action tomorrow, you could always re-enter tomorrow at more of like uh, like a boring part in the day and just get a further out expiration one. So to me it seems like a no-brainer that you might as well lock it in and then, if you still like it tomorrow, you could just buy a more optimal expiration date.
I'm not one for anecdotal moas indicators, but i have 106 amc in this doe app and i just got an email saying that they're shutting by october 31st. So i got to sell my shares or transfer kind of suss right um i mean it might just be going down as the company, the bruta. So what you could do, 106 transfer uh. I mean just kick off the transfer because, like you're not going to lose ownership, then either kick off the transfer or just sell it all, and then use that exact same amount of money and buy on a different app but like you could get rocking with something.

Like public pretty quickly amc on sale, shout out digital cocaine, can you take a look at yummy coin: uh, yeah i'll, put it down to kind of research it and see what the project's about yummy coin. Let me write this down. I also need to look into upland yummy. All right got it all right.

I think i'm good there cei is on the move. Soapy gorilla, it is on the move. Oh, it actually just did a gap, phil, sweet uh, so c-e-i finally filled the gap from february 22nd. So right there.

I think this is a good thing and when i'm talking about gap fills they don't have to happen. The next day, this gap fill took what seven months over half a year for this gap to get filled on cei. So i think this is actually a good learning lesson of like okay, don't think that capitals like have to happen that day that week, that month, this one took seven months: uh it did gap fill which is awesome but uh it. It can take some time.

Well, even this gap that it had in december that didn't get filled until april, but cei flexin, it's currently at resistance. If it keeps pushing, i would watch 225 as the next level, but cei um it shot up it consolidated. I mean, i guess if you were bullish on it, we were talking about this a little bit earlier around 1.70 and hoping that it did exactly what it ended up doing, which is uh. That's awesome.

If you're in it, i have no cei position but watch the reaction to 2 and then watch 225.. I don't get that one battery um sean the yeah, the discord thing. I i don't. No one was banned uh.

So i think it's a tech issue with patreon we'll get to the bottom of it with mike. What's your opinion on g-r-e-e uh right now this this when people talk about catching a falling knife, that's what's going on with gree like red red editor just keeps selling um. Maybe, like you need to see some green. You need to see some buyers like.

I don't just put your hand out there and hope that the like the knife stops right before it. I would want to see it like actually start to have some momentum. What else do we have? Can you check vortex atr uh? Well, it hasn't changed much. It's still around 55 percent uses just so you know like highly shorted um highly highly shorted, and it's currently sitting at just above 12, which is roughly it's intraday low.
Roughly roughly, did you check out the youtube hex clip so hype point five percent about to go. Uh luke, i did, i think it was awesome. I checked it out over break um. I was talking to some people.

I don't think uh i'm waiting for a response from youtube just to see if i could play it uh, because some of the sounds i don't know if it's technically copy written and i already piss off youtube enough. I don't wan na. Do it again so uh. If, if it's good to go, and if i get the all clear from youtube itself, i'll play it on tomorrow's stream.

But if you want to know more about hex like just, do, there's like a quick little trailer that i think is cool to check out just um. If you see the netflix uh, it's like a netflix stock on hex um, it did the dock's not out yet, but they have like a little bit of like a hype, trailer thing: uh, kplt gapping up to 9.50. I think there's a good shot of it. Going to 9 30., can you look at amd, amday amd amd uh bouncing off a hundred lower highs.

We're looking for to get out of this trend. Finally would love to see it push above. 110. 112.

I like amd um. I, like the semiconductor industry amd uh, intel nvidia nvidia is my favorite, but i still like all of them um. I think the all of them are money makers. Those calls are only 50 cents away from the strike but expire tomorrow.

I meant yeah proscape. If i were you, i would lock in the gains, but that's just me if it ends up gapping up and ripping you would have made more money if you held, but i i don't know if i would want to take that bet on like a single day. Trade uh you're, looking for a cannabis company to get into that, you should only have um so danny. I think one of the easiest ways to play the marinara sector is through the etf mj, as in mary, jane uh, because then you get exposure to a lot of the major cannabis plays and all you have to do is get the etf uh meta materials.

Isn't that mmat? I don't have it. I know a lot of people are talking about it. It's looking strong uh if it closes above 520, that's even better but mmat. It's looking good and i know a lot of people are paying attention to it.

Um with it. You have to dive into a little bit of info about what's happening with the really the acquisition that they did with trch, like that's kind of where the play is coming from. So it's not the most obvious play i'll put it that way, but it's definitely a play and it's getting traction like there's. Definitely a lot of people talking about it.

I have no position on it, but i do from the chart. I want to see this momentum continue. Uh you have neglected to add limes or rockets for over a week now the charts have spoken and are mad, go green. All right, let me throw up to lime and let's see how this helps with the remainder of the day, we'll put in the lime target on amc and jimi.

Good call out good call out andrew got 15 calls for atr 10 15 and bought 14.55 against day trading limits, but past my risk. Would you sell but limit or hold through 10 14. um big shop uh? That's a struggle! Uh! I've been there before i'm, like. Oh i'm, this is my risk, but then i can't get out because of a day trade um.
Ah, that that's tough, it's not a good situation to be in when, when it comes to ater, i would not violate it like i would personally hold and be like. Okay, i know i'm a bit past my risk, but um. That's it's really a tough situation, you're! Just it's luck! It's luck! It's like! It's luck! Um uh! When you have a plan - and you can't stick to it because of pattern day - training it sucks and pattern day training, it's a stupid, archaic rule. I have no idea why it's even a thing, it's so incredibly frustrating with ater, i'm still optimistic about it.

So i would probably swing it and just hope that it's nothing crazy happens overnight. Uh. Can you look at estate sdao all right, i'll, put that under the the yummy coin, leonardo s d, a o, got it all right, let's see what these limes can do. I would like the nasdaq the reason i've had this one up today is i i'm just trying to better understand why it's been on a relative basis, it's green on the day, obviously, but compared to the russell 2000 and the spy.

I'm just curious. Why it's a bit weaker uh just didn't gain as much, and is that actually the last one to do its gap fill uh just kind of something weird about the tech world right now, uh ater, still a viable short squeeze play. I think so um i i do that doesn't mean it has to squeeze, but it's over text if you're looking for the short interest, it's still around 55., like within one day, you don't see a huge change, typically in short interest like it's going to be the Same as this morning, we checked it a little bit ago. It's in that world of 55ish percent uh.

What do you think about bbig bbig bbig? Ever since the not so good proxy vote, uh bbig has been losing a little bit of its luster uh. It is bouncing off a six like. I would look for six to hold. If it doesn't you're, then talking about 550, which is the low from august 31st, it bounced off of 551 um.

It's still battling it out at six, it's being sold off for sure. Ever since september 10th uh, i would want to see a bounce back around and relatively quickly like it's at that level. You want the bounce to happen now, but um bbig ever since that proxy vote and the way the vote went and what it really meant for bbig uh, not the most ideal veronica. No, do i have to pay this guy to see my question.

No, i mean i can't read every chat like do you guys see how like insane this chat move sometimes uh like there's like no way, i could see it all. I just kind of look over, and sometimes it's just luck and i'm like oh i'll, read this one sam shout out what are your thoughts on the penny stock bbm.b, probably not going to be good, bbm dot b. I don't even know what market this would be on uh. What are your thoughts, nathan, uh? What market is this trading on? Are you talking about blueberries medical corp? Are we talking about bbm.b yeah, i'm not too sure about which one you're actually referring to? Unfortunately, maybe is it blueberries? Is this a penny stock? If this is the one, if you're asking about blueberry's medical corp, i don't think you are, but if you are, i wouldn't trade it or touch it.
Uh sdc it finally gap-filled so kind of the same as bbig. Both need to bounce off a six and bounce off a six like now. If they don't, the bears, might uh build up a little bit too much momentum and start running it down. Bombardier is the toronto, so was i right, b uh sam, the ortex on amc is about just over 20 short interest right now, with a net return on the day of about 1.7 million shares, uh bbm bbm toronto.

So it's going to be one of these and it's probably the exact same thing yeah. If this is what you're like this is a bad looking chart, i would not mess with it. No way no way would i do it. Ocean coin has done well.

For me. Have you looked into it? No, but uh em. I don't know if she's listening she's a a crypto fan in the discord, she's told me a little bit about it. I'll look into that one doug can someone tell will mead.

We need a final catalyst for these things to squeeze. I bought calls on these dips and i'm getting destroyed. R.I.P yeah. Your volatility is working against you, unfortunately, because, as it goes up, even though you're getting the bounce right, if you're talking about the overall market volatility, will inherently have to be weaker um.

What else do we have domino's gap? Fill dpz domino's pizza dpz? It does look like it wants to do this gap film. I see exactly what you're seeing um. No, i think you said june. I think you mean july, but anyway, yeah uh we're seeing the same thing: jason, um it's slowly but surely selling off.

I would want to see what happens at 484 and what happens at 476.. I would look for that gap filled to 476.. I don't know how quickly it will or won't play out, but i think eventually, domino's does fill this gap uh jared. Could you stop spamming? Please, oh all right, hang on bomb, a deer airplane company.

Is it this one bombadier b-o-m-b-f? Perhaps i think this is what you're talking about uh, so it's not really being traded much at all. What is this stock? This is the daily chart and it's it's like. No range, i don't know something's weird going on here in general, it does seem like it's trending upward, which i think is interesting, but like uh it may i it looks like i'm missing data. I don't think this is like the full data set on it um, but what i can see of it, it has a very nice uptrend.

It looks like it recently broke out of some resistance, but it seems like this is the data issue with what i have in getting the data all right. What else do we have? Where can i find the number of shares available to borrow uh? You would have to look at the utilization on ortex. You do not want to use something like fintel or stonko tracker, because those are only giving you the information about interactive brokers. It's not it's accurate, but it's only a very small, like part of the overall picture.
Uh, when there is some confusion about the question, it would be great if your mods would reach out to the message, buyer or provide a way to id the mods uh yeah, all the mods. You can see it they're they're in purple like they talk right here like you just at them, like you would at jackie, you would at trace chest hair. You would at seraphim, you would add transparency project, like their names, are showing up in purple uh and to get a hold of them like you can at them. The way you can like at me and they'll see uh your message that way, scott so see, yeah seraphim, she just messaged, you, you just add her and then they'll it pops up as a different color for them.

So it makes it a little bit more noticeable. Fuzzy g is here as well. So all these purple names are mods that you could um uh, hey matt. Do you think ortex is worth the cost versus finviz for finding potential short squeezes.

Uh finn viz, like the data quality of ortex, is not just a little bit better. It's exponentially better. So i really like finviz for certain things such as like recent news of what's going on, but um you're, comparing like finn viz is little league baseball and it's little league and then like ortex, would be major leagues in terms of like data quality. Difference huge huge difference, um.

Actually, i don't even know how i would personally use finvis to like track down short squeeze plays um. I think what i would do is with ortex. I would know the short interest. I would know the the float.

I would know the utilization, but still in terms of like what is the stock to even search. That's when you have to kind of have your pulse on like the community and see what other stocks people are talking about, so that could be stock twits fin, twit twitter, reddit, discord uh all of those or even if you, okay, if you don't wan na use Social media - one way you could do it - is just use the threshold list as your list of like okay. These are potential candidates, go to the nasdaq threshold list, the new york stock exchange threshold list and then back check all of those stock and see if people are talking about it like, but maybe use that as your list and like start crossing ones off the list, Be like okay: is it traded? Is there volume what's the short interest um? Is it in a good sector? Maybe that's another way. You could do it, but that info is free.

So what i would do, especially if you don't want to mess around like on like just deep diving into social media day in and day out, i would use the new york stock exchange and the nasdaq threshold list and then work backwards from there and check those Check out their charts check out their info on ortex. That's how i would probably do it, i think, is a reasonable way: r b, bdrbf, b d, r b f o wait. Okay, so this one has more info now. Uh looks super strong, uh, very, very nice.
Uptrend off of 20 cents, what aerospace and defense um. So i'm still not the biggest fan of penny sucks, but uh i mean man this one, it's at resistance right now, 160.! If this pushes, i would watch 180 and then you actually have a gap, fill on this guy uh up to 1.70 and then another one up to 206.. So i would watch a dollar 70 and then 206. might take a bit because it's already been running like a lot.

So maybe the technicals are a bit too hot, i mean, but i guess nothing's really stopped it from november. This thing just keeps slowly but surely going upwards uh, hey matt. Are there any youtubers that you would recommend trust to follow for crypto updates and news uh? So if you're looking for generic crypto updates uh, i i personally like watching bit boy bit. Boy and cryptos are us like, if you're looking for, like the news updates, if you're looking for just really informative videos of like okay, what's this crypto, how can i buy it? Um, i would say andre jic and brian jung are my two favorite so for generic crypto news like daily news bit boy, crypto and kryptos r us for like kind of informative like how to and like more in-depth dives into those things, i would say, andre jick And brian jung, and then you can even go even more into there - are channels that are meant for, like specific cryptos so like.

If you want to know more of what's going on with doge, you would probably follow final stand. If you want to know more, what's going on with hex, you would follow richard hart um, so you can get like very uh. I guess like microscopic with it of like what degree you want, but higher level those are like. Uh andre jake brian jung, bitboy, crypto, crypto's, rs and then from there i would go into like the specific crypto you want and i i bet there's going to be a channel for that specific crypto and i'm sure there's many many more.


11 thoughts on “Ep 84 amc, gamestop crypto: bouncing back dumb money w/ matt”
  1. 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€

  2. Avataaar/Circle Created with python_avatars lucinda Anderson says:

    Still holding. Bought in at $52

  3. Avataaar/Circle Created with python_avatars Eric Bays says:

    Thought roensch hijacked the video when he said β€œoh brother.”

  4. Avataaar/Circle Created with python_avatars Kelvin Butler says:

    Failing traders come into the market and try to predict moves. they trade what they want to see happen. Experienced traders come into the market with zero expectations ready to observe and take actions when it’s time.

  5. Avataaar/Circle Created with python_avatars Anthonyspadaro355 @gmail says:

    The rich sees an economic crisis as a garage sale also the rich stays rich by investing and diversifying their portfolio with stocks, crypto currency and forex trading which is the wisest thing every individual needs to do and really profiting as i make $25k weekly.

  6. Avataaar/Circle Created with python_avatars James Sophia says:

    I'm no longer waiting for the stimulus check because I earn $22,000 every 14-16 day's recentlyπŸš€πŸš€πŸš€

  7. Avataaar/Circle Created with python_avatars Genevieve Rashad says:

    I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 7 BTC from 2.1 BTC in just July from implementing trades with tips and information from Troy Henderson

  8. Avataaar/Circle Created with python_avatars Heddy kamela says:

    7I'm so happy ☺️ my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days

  9. Avataaar/Circle Created with python_avatars Melissa L. Lanier says:

    Okay I subscribed, so…..?

  10. Avataaar/Circle Created with python_avatars Goor Kegan says:

    No more reading the lines!!!! This is no help at all to the cause… Need to take real action, like mass movement to petition congress, law suit with Wes Christian… making money out of our fellow apes without real contributing to cause is not what we need,… Please help bring real pressure to hedgies to cover

  11. Avataaar/Circle Created with python_avatars Brandon correa says:

    AQST

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