China Bans Crypto
Dumb Money Ep. 85: AMC, GameStop & Crypto
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Going to the moon don't be mistaken, the apes won't be shaking or breaking because we're going to the monday very soon going to wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day. Hey fam, what you do wan na hang one or two. Oh you got imagine two. Oh that's right held on tight jack titties every night.

We was in way back when they tried to chop it down to ten henches couldn't come for him. Ace was strong until the end. Now, let's retell it to tell they'd, be sweating had enough of these feelings, but the eggs were rebelling cause we never be selling till. We send it to heaven now we'd be out of yelling, hey screw.

You kenny bought my wife, a minivan to share with the boyfriend, but i pull up in the band's plate, saying olive crayons going on an airplane, don't think we'll be back again celebrating or breaking because we're going to the moon or breaking because we're going to the Moon, today's expectation, probably more manipulation. Creation of a crooked operation bought more while it was low, got more dips in trader joe's. Oh, you thought that we let go what the hell you take us for holla. If you spend your last dollar on bananas, while living in squalor, we don't claim to be scholars.

We the smooth brain dummies and we never stood taller yeah. We do this for love and we do this for our honor. A follower of 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s.

Oh hell, yes, gon na, send it into space. Go fire up the jets done. My dd call me out john rocket. So don't be mistaken.

The apes won't be shaking or breaking because now, hello, hello, another b e a beautiful day to be in ape. Not only is it a friday a great friday, but this is a very, very special friday folks, folks, folks team team team team team - it is world gorilla day, take action for gorilla conservation. This is what we're here. This is what we're all about.

We are here we're guerrillas folks, we're apes. It is world guerilla day more than happy to be spending this world gorilla day. With all of you so shout out. The song we just listened to was by the grillionaires, and the name of the song is to the moon.

It could be found on their youtube page to search to the moon grillionaire, something like that and speaking of gorillas and the the team over at the grillionaires. I have a little bit of a surprise for everyone: uh. In fact, i'm not the best at keeping surprises. So i'm talking about a full-on world premiere of their newest song that will be coming out right after market open, we'll be playing it on this channel.

But you heard me right: guerillian airs new world premiere, a song additionally written for our community by people within the community. The song is amazing. I've been listening to it all night. All morning, very very exciting.

I mean i mean hey you all heard to the moon. It's a great song and this one's also it's incredible. It's awesome, it's a great great song, so we will be doing the world premiere of that in celebration of world gorilla day, and actually i want to leave this up lots to talk about this morning. Lots lots to talk about this morning beyond world gorilla day, so let's hop right into some of the the big name things five things to know before the stock market opens dow is set to drop as it tries to hold its september turn around.
So just checking this out very very quickly. Right now we have iwm spy. Both are currently selling off, they did their gap fill yesterday, the spy iwm and the qs after a gap fill it's clearly running into some resistance. So i'm going to see what's going on.

If this is just kind of a pre-market push down, is it going to base and then continue up, or are we going to see some selling out of the gate so uh specifically for today, friday spy iwmqs? I really really want to see just how they open it up and see how people are reacting to the depressed price uh as we get going on the day number two uh, and this is kind of actually like where the thumbnail and everything came for this room. Bitcoin sinks as china intensifies crackdown on cryptocurrencies. This is a pretty big storyline, so i want to dive more into that. So, let's, let's come back to number two bond yields rise.

Is china evergreen contagion fierce fade? We talked about this, the evergrand thing uh. They they made their first payment. It seems like there was reason to be uncertain and it was people were being pretty pretty cautious, but now that we're seeing what this situation at least how it's developing seems to be not as severe as it could have been. So those fears are calming down cdc chief over rules panel clears pfizer boosters for frontline workers.

Costco brings purchase limits back on toilet paper, other items uh, so some of that rona, like i mean i don't want to pro like prompt any toilet paper flashbacks for everyone, but just so you know there are purchase limits once again: uh crazy, stuff, crazy, crazy, crazy. So, let's really dive in on. What's going on with china and cryptocurrencies bitcoin and ethereum sync, as china intensifies crackdown on cryptocurrencies, it just doesn't end there. Actually so bitcoin went from 45 000 down to 41 000.

ethereum went from 3150 down to 2800, cardano went from 234 down to 215. uh hex was probably the least impacted that kind of makes sense. It's not the um, since it is difficult to buy and sell. You see like less reactions to certain things, but what i want to explain in all of this is: i actually think that this is going to produce, like just an amazing dip, buy opportunity, uh you're, about to see some of my reasoning of why, but the highlight Of this is this is about the 19th thousandth time that china has like crack down on cryptocurrencies and banned it like this is not a new development by any way like it seems like they say this, like basically what every six months, every year, every two years, Like we're just always hearing this from china cryptocurrencies like banning it illegal uh, it's not new news, they're regurgitating the same piece of news that we've had for a while and we'll dive more into it.
But hang on uh the price of bitcoin fell. Ethereum fell. It comes after the people's bank of china said all crypto related activities are illegal, illegal, illegal, illegal people's bank of china. All crypto related activities are illegal.

I mean you can check this out. If you want to search on cnbc to see some of this information, it is good to know, but, like i said it's really, it comes after the people's bank of china said in a q a that all crypto related activities are legal services, offering trading order matching Or derivatives for virtual currencies are strictly prohibited and the people's bank of china said, while overseas exchanges are also illegal. Like i said, this is not a new development and very quickly. This is being pointed out on twitter, like this was trending people discussed the uncertainty surrounding cryptocurrencies after chinese authorities continue to crack down on the crypto industry.

But if you look at it i mean it's: it's literally trending under china, fud fear uncertainty. Doubt that's the trending thing people are calling on china they're saying you've done this before it just pushes it down momentarily a day or two, and then it bases and ends up coming back, but it's literally trending right now under china fud it's the same crap different Day uh, this is not new news. I just want everyone to be aware of that, but it is actually now this development is spilling over into individual stocks. So remember the yesterday two days ago, when robin hood said: hey we're coming out with wallets, so now that they're, more so related to crypto they're, getting hit for obvious reasons.

Coinbase is getting hit, uh, roku and nike. They have different things going on, but yeah right here, hood and coin shares of retail training, app cryptocurrency exchange, fell and pre-market training after china signaled that it was intensifying its crackdown on crypto. So obviously, there's going to be the relations there, just not only to individual cryptos but the miners, and now these exchanges such as robinhood and coinbase. So that's your quick kind of breakdown of what's going on in the overall market um, at least in the crypto.

In terms of the overall stock market, two things i want to shout out right here: unusual whales, so credit suites, dumped evergrand exposure on risk, fear so they're no longer taking on that risk. That's kind of a big uh credit suisse. You might remember, with the arca ghost fallout and all that type of stuff, but anyway, obviously they're not taking on this risk of evergrand and also in terms of u.s politics. The house passed us.
Basically, let's call it a 775 billion annual defense policy bill for the pentagon, which is more than biden, had requested and includes work with rtx with many politicians having a stake in it example, republican blake moore failed to disclose nearly 1.1 million stocks and options. This is the stuff that drives me off, like it just drives me up the wall, um yeah, so more money than the president asked for, and it's a clear like a lot of companies will be benefited from it, but they're passing it with extra money to them. Like they're invested in it like it, if you or i did this, we would be in handcuffs. We would be paying fines.

It would not be a good scenario, but if you're a politician, you can get away with it. Um apparently there's no, no big issue. If you're the one who gets to vote and make decisions - and there isn't and like right now, that's the difference between okay, like what's moral, what's illegal um, it's not illegal uh and that's all defined about how our they write the laws uh. So right here we have raytheon raytheon, having a nice push recently 81 up to 86, and it's not just one.

There there's a handful of politicians who um they have the finger in this pie, but like this one specifically, mr moore, failed to disclose nearly 1.1 million stocks and options crazy, crazy, crazy uh. I mean for raytheon, like i hope they do well at the company and they have employees like. I wanted to do well, but just the fact that our politicians are able to literally vote on the things that then they have investments in like they're. The ones who, like they're, lining their own pockets - and i really don't care what anyone says, because you're no one's ever going to get me to think something else, so maybe worthwhile to throw like raytheon on your watch.

Let's pay attention to how it moves, but it does seem like it's gon na be a direct beneficiary to whatever the the new defense policy bill is 778 billion dollars. 778 billion. You almost just wonder: okay. 778! You almost just wonder if you like, took a billion away from that, instead of 778 like what, if we give him 777 and then you use that 1 billion for some other, like reasonable effort, because like if we're giving our defense policy like what.

If we just took away one billion and like i don't know, put it in like our education system or something like that, i'm not even saying like. Let's cut it off, i'm just wondering out loud like let's just round down, let's just round this point: nine billion down, let's round down 900 million dollars - and i don't know, let's hire uh like let's get more educators, let's, let's get more people that work in the Sec, do you know how many sec employees, you could pay for point or 900 million dollars? We can make the sec the freaking strongest army in the world, crazy, crazy, crazy, like just a little fraction of the number - and i just like wonder how much more good it could produce in another aspect of the world. But who knows, i don't know, i'm not a political or military official. Maybe i don't even know what the hell i'm saying, but just makes me wonder, makes me wonder all right.
So now, let's talk about what's going on with some of our individual moon stocks, amc they've already taken out 233 000 shares against it, which keeps the short interest above 20, really remember anything above 20. It's within striking distance of an all-time record for amc short interest. We are above 20 right 20.2, the utilization is 88 and the shares on loan is 113 million in terms of gamestop they've, already taken out 32 000. That puts the short interest just below 15 percent.

It's been a while since gme has been above 15, but we're we're cruising that way for sure the utilization is 38 and the shares on loan is now 8.15 million. It's been a while, since gamestop has been above 8 million. So it's kind of interesting to see the short interest and the shares on loan, which, for obvious reasons, those are going to be correlated amc and jimmy over the past like week or so definitely uh con consistently and clearly trending upward in terms of the charts. Okay.

So amc what we had going on yesterday was well after this push and it got smacked um we tried to swing back around and it got rejected right at the high from september 21st and it also ran into this wall at 41.50. So this is obvious resistance. That's what we're looking for today we're looking forward to push above - let's just call it 42 and my first short term target is this gap fill at 4420. We have this gap right here, very much looking for amc to fill that gap and then from there.

We obviously have other targets right here. We do have support a little bit around 39, the low 39s and then additional support at 37.. So in terms of the daily chart, that's the major support. I'm looking for this is the major resistance i'm paying attention to the one thing that is, i guess it's not the most uh comforting thing, but the macd is in the red and it's actually growing.

So we want to see the macd. These red bars get smaller and smaller and then eventually cross over, and hopefully that comes with, like a gap fill and a push to the upside, but uh. I find this worthwhile to watch of just like the overall trend, especially on the daily chart. The the overall phase that amc is currently in and right now you could argue ever since september 17th, it's in a bit of a bearish phase, so we're looking for this continuation.

We want to fill the gap and then push from there. So that's another thing. I happen to be watching in terms of gamestop. Both amc and jimmy have had very, very low volume, very, very low volatility uh right now, with gamestop, even lower volume, lower volatility not moving much.
We have the support between 188 190 looking for the recapture of 200, then 212 to 215, but i'm watching this support level that it is definitely like. Gme has been honoring it, and just so you know we do have an additional support at 178, but similar to amc uh, actually, for a little bit longer, jimmy has been in the red territory for the macd same thing, though, looking for the cross back over would Love the recapture of 200 and even better 215, because then that sets up a third test of this, like 225 plus area, all the way up here, but still also mainly watching the macd. So right now, after the gap fill on the spy, cues and iwm over the past two days, they are kind of. They seem to be opening down relative to yesterday's close uh.

So this one will be an interesting watch. It's a friday we're at the end of september uh. I think there's going to be a lot of hesitation at first and that doesn't have to be bullish or bearish. I think a lot of people are going to be kind of looking around the trading floor and saying all right, like how's, everyone positioning themselves today.

What are they doing? Uh, but obviously the gap down is not the most ideal scenario. I know a lot of people are still interested in ater ater looks like it's opening up slightly higher than yesterday's close. We shot up, got smacked, made a nice nice space and we went up again to me. It almost appears as if we're setting up some sort of uh, some sort of like bullish pennant.

I guess in a sense where it shoots up, lower highs, higher lows and now we're just kind of waiting for this wedge to build out ater. It has all the things we need for an ftd short squeeze. It has a very high short interest. It's a lower flow, very high utilization.

It's on the threshold list. The price action really from the 17th up to the 22nd was really good. Yesterday was not so ideal, it dropped 28, and this was on the news of, i think, a lot of people confusing of what they were doing with their debt and just so everyone knows they have chosen to pay off a considerable portion of their overall debt to Uh with stock and then all of a sudden people were like well hang on. Are they diluting it? But just so you know it's not an at the market offering um this they're using stock to pay off their debt to their current major debt holder, which i just think is a savvy business move.

But i think some of the news got overstated on it and it prompts some fear, but right here this is still very, very much a live play, lower highs, higher lows: i mean over the past month it's up 221 percent uh, so ater. I would not say this play is currently over or anything like that yesterday sucked, but let's look for a base and see if it gets pushing uh above 1350 1370, and this thing i think, could get cruising again uh and once again, that is, for a tyrian Ater all right what kind of questions we have shout out becoming an astronaut i for some reason the name isn't showing, but someone became an astronaut. I appreciate that morning, apes wishing all of you and matt a blessed and prosperous friday, nothing but good vibes for this community. Today, let's go amc.
Jimmy and ater shout out joe miami heard. Evergreen missed their last payment, the second one, and now they are in the grace period. Yes, so eric that was actually yesterday um that there are other interests, so they have about three payments, so one of them was made on wednesday. There was another one on tuesday that or wednesday and thursday the wednesday one was made for the domestic for their domestic to them, they're bondholders, so that was paid the thursday one was missed during the grace period, and now they have another one on the 29th, so They missed one in the grace period and another one, and between these two that still have to be paid we're talking about 120 million in interest payments, uh, crypt, uh, china, all crypto activities are illegal, also, china.

We were going to force the digital yuan on our people. They manufactured a dip to buy uh. Like i said with the china news, it's not it's not new or changing, or anything like that. Um.

I think it's. They artificially created a dip and i would argue that dip is to be bought. Can we still or text on the atr while you are talking about it? Yes, let's check out ater eter, eter, etre, eter, okay, so ater short inches of 55.95 shares on loan of 15.23 million utilization of 97.44 and they already rented out another third of a million against ater today so, like i said it has, though, these are not intangibles, But it has all the checks, but also just remember, because you have these checks when we, when people are asking me about these ones, and i'm like oh yeah it has this. Has this? Has this um one of the things that seems to be missing? Most of the time is really the price action like not enough buying is showing up like too many people because of amc and jimmy think, just because something has a high short interest.

It has to squeeze that. That's not true, in fact, statistically highly sorted, socks usually end up falling. So really that's why a part of why amc and jimi were kind of a super rare event is because, usually when you see those types of things it went against the grain, it did the opposite of what the statistics normally say. So with this.

Just because you see those numbers you can't be like, oh it has to like it's just saying. Yes, it has the potential, but obviously you need that price follow-through the price action follow-through, and in this scenario i would say now we need a wedge breakout for the price action, so still a great great thing to watch. I still think there's a big opportunity here, uh, but it looks like you have to be a bit patient, uh and just so everyone knows. If it ends up going below nine, i think it would continue to fall uh to five.
So that's probably the most extreme risk point i would personally use, but just to be very, very clear. I have no ater position. I don't have a dog in this particular fight but um below nine. That's a very, very dangerous territory for ater uh.

So i would just don't let your risk get out of hand whatever you decide to do if you're a day trader swing, trader, long-term investor, crypto options, futures whatever tulips doesn't matter, have a plan. What is your risk? What is your reward? Don't just simply focus on. Like oh well, if it does this i'll make this much money, you have to ask yourself whenever you get into anything before you get into anything, is if this goes bad. How bad is bad be prepared for the whatever the most extreme risk is that you're willing to take and stick to your plan uh, please review kplt or tech short interest is 35.42 on nasdaq ftd threshold list outstanding shares 97 million, easy gap, building 934 er catalyst.

New deal with amazon and walmart via a firm um. I didn't know that they were part of that deal, but kplt we've talked about that. I should already have it mapped out: yeah 932, i'm looking for this gap fill, but just be careful. There is when you're talking about gap bills, there is also a gap down to the bottom side at 362..

Uh. Based on what i know about it, i would favor the bulls like of this gap, getting filled first up to 9.32. I just want everyone to be mindful that there's a gap in both directions on k on catapult holdings but, like i said i do think a gap fall up to 932.. I don't know when it might take time, but i do feel that, like eventually given enough time we'll get this gap film, i wonder if riley's ready for matt tap banana to me.

Uh two analysts just raised their price targets. This am what street viking? What stock are you referring to on that? One check your insta dm's apes, anita votes in a dad, bod contest. Thank you, brother. All right, i i don't normally check my instagram dms, but i'll i'll have to check it out for that uh.

Yes, but china. The government controls the banks plus the due date, still includes a grace period, so they don't have to pay in the due date yeah. So we're we're currently in the grace period of that middle payment uh just so. Everyone knows - and this is relating to evergrand and the people who they own money to - i buy 3 000 witch stock, wish didn't that just make a new all-time low, yeah uh wish i mean the risk reward.

I mean if you're gon na stick to your plan and just use the most recent and also in fact, the all-time low of 580 as your risk. I think that's reasonable if you want to see if this bounce back gets started, um you're, very much looking forward to recapture 650 and bounce off of this, which severely beaten down after its earnings back in mid-august. All right, we did that uh. The price targets were raised on ater check, binzing bazinga roth capital maintains neutral on a tyrian price target to 12.
So that's roth capital, uh fed, says constraints from supply bottlenecks to last into next year fed says inflation likely to remain above two percent over the next couple years fed says expected conditions for first rate hike to be end of next year. Uh white house has said buying the delivery marks on kovit kova 19 response at 9, 45 eastern uh. So we got some movement in the overall market good to know good to know, speaking of which all right five minutes. What else do we have going on? Uh people talking about cei and k d c e, i c e.

I had a great day yesterday i it's in the oil and gas pure bull pendant. We shoot up lower highs, high lows: it broke out to the upside um. I would in no way be surprised if this thing continues upward. I don't i'm not in it uh, so i just want to be fully transparent on all that one, but from a technical perspective, this was a nice follow-through, the perfect entry.

I would argue the most recent perfect entry was probably at a dollar seventy, while risking a dollar 40, or if you want to be a bit wider about a dollar 20.. I also see people asking about nakd um. I don't like nakd. You can make some money off of it.

I think it's a difficult trade. I don't know what the news is of why uh reach a preliminary agreement for a deal reaches preliminary agreement on merger deal. So this is a merger merging with a company. The intimate apparel said it has reached a preliminary agreement on non-binding terms or merger that was currently engaged in due diligence.

It's a sector uh, so you might want to dive into a net cash business in 270, after repayment of all previous bank debt following the divester of brink and mortar operations, completion, multiple strategic um. So with this it's up on, i guess this merger news uh, i'm nakd it right there, like you, just saw even saw when it was like getting rid of the the brick and mortar, like things weren't, looking too hot for it at the start of the year And that's why it was highly shorted and at one point in the year every highly sorted stock was bought up rapidly. So it kind of got caught up into that saga in january and february. And since then, i just feel like there's a lot of bag holders on nakd.

So that's going to be a lot of supply at all these key levels, because you have so many people who are trapped in the trade that probably just want out sorry to hammer on atr questions, but it's all over twitter atr is on ssr. Today, short sale restrictions does that indicate bullish price action because they can't pull down no uh, it doesn't so ssr short sale restriction. That's what happens when a stock from the previous days closed to whatever the current price is drops by 10 as soon as you're 10 or more you're put onto ssr for the remainder of that day and the entire next trading session ssr the best way to think About it, or if you want to search it, you're going to want to google the uptick rule, ssr means it's attempting to stop the dog pile effect. So it's saying you can only take a short position.
If the stock isn't an upward trend, it doesn't stop shorting. It only stops shorting in certain circumstances, but even in those circumstances, market makers can still short because they're providing liquidity - and it's referred to as being short exempt ssr, does not protect us as much as people like to say it protects us uh for quite a while, Especially like in february when amc and jimmy wouldn't have good days, that's like how what everyone leaned on they're, like oh at least we're on ssr like this, is actually good, maybe like a friendly whale, is trying to drive the price down so we're on ssr. I mean over the past what eight months now watching amc and gme ssr doesn't do folks. It really really doesn't um.

So i i find no comfort in the fact that, when any stocks on ssr - because i just don't think it really protects us uh check your insta dm sorry, we did that we did that all right, all right, all right. Let's get ready, ooh the market's about to open folks, we have about 45 seconds, let's get ready for the day. All right, let me throw up atr right here. I don't wan na a lot of people want to probably watch the open.

Let me get ready. Let me get ready. I like the pressure all right. Let's get going, ding ding ding, the casino is open, let's get after it! Folks, let's get after it, apes team team team team team.

Let's get going on the day, let's close out the week in a good vibe fashion. You know you guys know how it is good, vibes, good vibes, only good vibes. Only ater 1250 uh could get very interesting, a dollar higher around 1350 1370. So, let's see how that one gets going out of the gate.

I'm seeing a sea of red crypto in the red markets in the red ater is actually the only thing that i see green on my list right now, uh interesting interesting, let's see where we get going with this, can you check vortex on bbign a n y? Yes, vertex vertex bbig and a n y. So let's kick this off with a ny sphere, 3d, probably very much down because of the crypto hit. I don't know what annie's at on the day uh they and he has a short interest of 4.85 shares on loan of 10.2 million in the utilization of 97.. So with that short interest, you might be like whoa matt.

Did you just say 4.85? I did but remember that's kind of a strange thing that we've been seeing in any for a while at least on ortex is something doesn't make sense and you almost have to just do your own math. Just so you know the estimated short interest is 2.42 million. So then, you would want to divide that number by the free float to get a a better understanding of like what's actually going on with this short interest and once again that number on any sphere. 3D.
The current estimated short interest is 2.42 million shares which, when you talk about shares on loan, that doesn't make sense to me, because the shares on loan is 10.2 million. So i don't think 80 of the pool is not short. That's why i think it's weird. So the 2.42 and the shares on loan being 10.2 to me, that's a pretty large discrepancy that i'm just not it just doesn't necessarily add up in my head uh.

So really what you would want to do is actually take. I don't know - maybe not 10.2, but take like 8 million or 9 million and look at how that relates to the free flow. And then you could probably get a better percentage in terms of bbig. So bbig this one uh, not i'm not the most informed person on the proxy vote, but uh to my understanding.

The proxy vote in didn't really favor the bulls. Anyway, though, bbig has a short interest of 26 shares on loan to 31.14 million and the utilization of 98, the cost to borrow still pretty high 33 on average. Today ater flexing its muscles amc at 39.50 gme at 190. gme having pathetically low volume right now.

Very very low volume on gme, ah jimmy, hopefully some volume comes there. Uh looks like amc's trying to rip a u-turn for us that would be kind of cool. Let's just rip this ue real, quick at er, knocking on the door for the third time at 1280. So amc trying to bend back around the spy, still pushing how's the iw i'm doing this morning, iwm also green cues, the q's, not as green interesting.

We saw this yesterday as well, where the spy and the russell outperformed the nasdaq 100, and even today the nasdaq is the weaker looking one i mean russell 2000 is looking good and remember. This is going to be here. I should probably put this over here. The russell 2000 in the bottom left of the screen amc is the biggest one in it.

So interesting, interesting, interesting, rty, all right amc pushing just so you know uh. As of now, we're only a couple of minutes into the day, but the current intraday high is just below 40 39 97. Currently turning at 39.70, it kind of sold off, and now it's attempting to fight its way back. Atr is looking strong, atr uh.

It keeps running into this wall of supply at 1280.. Uh. Look for that to continue to soak up supply, but the fact that i see these higher lows. It tells me that atr, i don't know where it's going to break too, but it looks like the break.

Is coming unless someone just like dumps a bunch of shares all right, looking for the russell to continue come on rty rtv uh. Can you check bbig options flow? Yes, certainly, bb ig uh options flow currently favoring. The bears 55.55 versus 44.45 uh. Let's check amc uh.

Currently, favoring the bears as well: 57.3 versus 42.7 uh gme gme favoring, the bulls 57 interesting uh. Usually you don't see that big of a disconnection between amc and jamie spy, favoring the bulls iwm greatly favoring the bulls queues, uh oops. I should probably queues also favoring. The bulls so right now the options flow in terms of the overall market.
It is it's favoring the bulls right now, but uh, just like we're only five minutes into the day. Like i don't know, if i put like too much weight on like everything we're seeing within the first five minutes, because we've seen other days where there's like a disconnection in the first hour and then it's completely different by the end of the day, uh, hey matt, Can you check bbig all right? We did that. Can you check bbig any all right. Did that all right? What else do we have uh jason? We should smoke nova tomorrow.

Are you going to watch? Oh jason, uh yeah penn state playing villanova. I actually don't know if i'll be able to watch it um depending on. If i do or don't i don't think i'm gon na have internet um so that that would make it kind of tough. But i feel pretty confident i know.

Crazier things have happened, but uh that would be a major major upset if penn state football somehow lost to villanova football uh, i know upsets happen all the time in college, so i can't say like oh no way would this uh not occur, but i mean, if I were a betting man which i am i'd bet on: penn state winning jack and chill went up the hill to fetch a pail of water, jack, fell down, broke his crown and show came tumbling after matt. Can you take a look at ccj chart and give me your opinion? Yes, ccj ccj, what you doing ccj, let's check out the daily so ccj. I believe this is a uranium thing. So uranium was going hog wild.

It really was ever since late august. It just ripped rip rip, and this is one of those times where you could just see that the technicals were just simply way too hot. I'm a little bit surprised at the degree of this sell-off this thing. If you want to use the fib retracement, it does look like it wants to come down to sub 20.

um at first i would have been like okay just watch 21, but now we're kind of below that. If you see a continuation of weakness, i'd then be watching 1960. I'm not saying fib levels are the end all be all, but at this point like just with the insanity of the run uh, it kind of corresponds to some of this action we're seeing as well. I think that's a reasonable watch, maybe between 1950 and 1975, and see if you get this fib bounce off the 61 retracement 62 retracement.

All right amc also looking hungry right now trying to get above this 7980 level. We see that the russell 2000 is pushing uh atr pushing once again so things early this morning, all pushed took a breather, and now it seems like the market is trying to gear up to see if money is going to continue to pour back in. How is crypto doing uh? Okay, a little bit of green and crypto, some people saying all right, hang on this, like china, news might not be that insane matt. Can you share your opinion on quantum scape with me? Look strong to me.
I am in since 24. 50, with 450 shares. What would you, okay, so quantum scape? It's a um bill. Gates-Backed ev play they're working on batteries uh.

It was insane earlier at the end of the year and then their board did some stuff. That was weird and it sold off, and then it tried to catch itself. Then it sold off more and now it looks like it might be, attempting to break out of the trend. So, in terms of a risk reward setup i mean it is a nice risk reward setup like it's so beaten down.

Your risk is not that far away at 20 bucks. You just said you got it at 24.50. So to me, if you want to risk the all-time low, i guess of 19 and like just sit on it and just hope that, like ev, like the adoption continues, i mean it's very rare that bill gates is not investing in a company like that does, like Usually his investments are pretty freaking solid, so this one might take some patience. I do see some interesting gap bills, maybe up to 40 55, and but you with your average, i mean that's a solid trade congrats congrats congrats congrats amc, pushing ding, ding ding above 50..

Above 50., all right folks, just so you know we are about five minutes away of the world premiere of grillionaire's new song, which is for the ape community. All these um, i mean there's it's gon na, be awesome, so you know grillionaires uh. They made the to the moon song, which is great. You know, martian xtg he's on the track, and then we also have chaos in roswell who's in the track and all these members very like all these people, proud, proud apes, they're.

All members of the moon gang um super super happy to play it, but we're gon na be uh playing that song, especially well. You know wait wait with amc ripon right now. Let's just do the world premiere right now, world premiere time. This is the new grillionaires track, so the recent boom boom candle brought to you by the gorillas.

This, like i said folks, world premiere. Oh brother, oh brother, oh brother, let's get right after it amc pushing gme, pushing market, pushing, let's listen to a new dope song by the grillionaires, all right, all right, all right! Just so you know. The name of this song is show us. The money featuring featuring martian, xtg chaos and roswall, and it's written by the grillionaires.

This is the world premiere and right after this, it will go live on their channel spell like you can't even count to 10 and i eat crayons. Every day with my friends. I think about kenny in his ivory tower shaking in his lilly bones, as the eggs overpower must suck to lose two monkeys so dumb, but you made your bed and you got nowhere to run i'd love to be a fly on the wall when he makes the Price fall and he's watching as we keep on more. You forgot.

We on the floor blind two hours old, like stop breaking the law money cause we times give us the money. That's awesome that is so awesome shout out to the grillionaires shout out to martian xtg. Shout out to chaos in roswell uh once again, that name is show us the money. It will be going live on the grillionaires youtube page very very soon.
If you want to check it out, they are the exact same group that created uh to the moon uh. I love it. I think that song is awesome. Super super happy, hey, it's just more people using their own personal skill, set to get out the word of.

What's going on. I think that that song's, an absolute bop as the as the cool kids would say, but once again it's called show us the money by the grillionaires we'll be going live on their youtube channel. Today, this song slaps. It certainly does shout out guerrilla champ the champ champ.

The song is ripping. It certainly is uh amc, push and push and we're hanging out above 40 once again, uh 20., all right we're at 40, 15 right now, um, let's see if we can get what's going on with the russell the spy taking a turn. What are we doing right here in the russell all right russell? Looking a bit red, uh spy hang on what are the queues, doing nasdaq, all right, so uh the major indices with the russell getting hit the most, but all of them. Turning a little bit red uh what's going on here, oh is it? Is it because biden just started talking? Are you kidding me seriously? Uh yeah biden started speaking or he's about to start speaking, uh about covid crap at 9, 45 eastern time uh.

Let me find the the white house youtube page, ah, frustrating frustrating frightening white house white house, president violet, all right. We have this all right as soon as it gets going uh i have it up. We will begin shortly. President biden delivers remarks on coven 19 response and the vaccination program um.

I i can already sense it that everyone's gon na get like it's gon na get super political and yeah. I'm not here to tell people they shouldn't, i'm just here to say that, like i i'm not a political commentator, we we dive into the things that are going to have an impact on the market and obviously you can't really be talking about the market without talking About politics and the decisions that are being made, um - hey, if you have an opinion cool. I agree with you. Whatever your opinion is you're totally totally dude.

You are 100 spot on. I agree with you, no matter what your opinion is. I think you're right if you're listening right now and if you want to know if i do or don't agree with your political opinion, you are 100 100 spot on. I could not agree with you anymore.

We have a 100 overlap in all of our political opinions. So if you're wondering anything about me and my thoughts on it, like whatever you think, that's exactly where i'm at 100 perfect venn diagram overlap. Ah all right, i guess it hasn't. It was supposed to start.
It started streaming 15 minutes ago, the white house - i don't know, what's going on uh three minutes late, the russell 2000 not liking it at all. What's the russell doing, what's the russell doing, sell and sell and selling? Ah, this stuff is frustrating because, like when everything goes red and then they just start talking, it could like bounce back like people are whoa, there's a little bit of what are people doing right now, orders all right, nope, no words, uh yeah, there's some fear coming Into the market, i guess we're all just awkwardly waiting to see what the president says, but i don't think he's started speaking yet, but whatever i guess, his lack of speaking is freaking. Some people out right now like what's going on. We want some answers.

Geez, the small cap sector, just going down like who opened up whoa, accused the spy the russell's already down. One percent like look at it's just no buyers to be seen, no buyers to be seen whatsoever right now, um. Well, i hope he gets speaking soon. I don't know why he's not talking yet or like they haven't even started it.

I have the stream up over here, just so he can see it, but when it starts i'll, let everyone know crazy, crazy. That course for president that's it i'm just always like yeah yeah. I agree uh yeah. I totally agree with all of you.

Anyone comes at me with a political opinion, yeah you're right totally totally right, all right, adam aaron tweeted. All right, let me find out. I'm aaron's tweet, adam. Ah aaron.

Do you think this was just like a purely manufactured dip buy? They were like? Oh wait. We forgot to hit the buy button like. Can you run it down? Really quick just so we can buy things um all right. First elon musk clicks my dogecoin twitter poll on tuesday now no less than entrepreneur, extraordinaire mark cuban replies to another of my dogecoin tweets on wednesday, offering up how we can move forward with doge.

I am so delighted by the interest in amc and dogecoin uh and don't forget it's also world gorilla day world gorilla day uh. So it looks like we're seeing more info uh, i mean adam aaron, he's now rubbing shoulders with the likes of elon, musk and mark cuban uh. All all pretty bullish on doge and their companies are bullish on doge. What do we see? I just see that oops my pin message.

Oh it is the wrong one good, looking jackie good, looking all right this, the chat has still not uh commenced. Yet with the president, all right where's, my message: when jackie daytona go rico, he went rico yesterday. It was amazing, it was amazing. It made us all scared.

Not many of us got much sleep last night because we're like is jackie, doing this house. It turns out jackie this entire time was the perfect unusual suspect he. He gave us a master class in deception. Yesterday, i think it's time to start lee options again shout out curtis, i'm gon na need you to call your boys and tell them to get that song asap way to go to wait any longer, all right yeah they they knew it's gon na be coming out Today, uh, i could get you the exact time, but coming out today, when will it go, live um jimmy 188.
33. Remember we do have a region of support between 188 and 190, so gme gamestop. Currently in a region of demand. We already see the market bouncing if like look at this 9 45 right when he was supposed to start talking, every algorithm started selling like i feel, like a crazy person check this out check this out.

All right so do the spy, the cues iwm, and then we have uh d-i-j d-i-a right here. All right. Let me know if anyone seems sees the similarities in what was going on right now with the president's speech that was like supposed to start and whatever the algorithm started, selling uh. So right here you could see my cursor it's gon na be the same vertical like on on the four screens.

It lines up look at exactly where my cursor is right when the spy started selling is right when the nasdaq started selling is right when the russell 2000 started selling his right when the dow 30 started selling like this is just ridiculous. It's uh! This was a huge amount of money at the exact same time leaving the market. I guess just like they didn't know what the president's gon na say, and now it's even more awkward because it's not starting. Oh man, he is getting ratioed.

The white house live stream. Is getting horrifically ratioed right now, look at this 536 dislikes to 64 likes like it's just getting so so ratio. Oh the internet, the internet, the internet. What would we do without it? What would we do without it ratioing, the president uh? Can you explain the implications of tilray acquiring a majority of mme and outstanding senior secure convertible notes? They just had a 55 year-over-year revenue increase um.

I this is news to me, so i i don't want to speak something about like that. I don't fully haven't like dove into myself, but we know that till ray which will technically till okay, here's how it works so tilray recently merged with apha, i think, was the previous one, but the other company was actually the bigger one. But tilbray had more name recognition, so they ended up keeping the name tilray, even though the previous company that they just merged with was the bigger company. But really now you have a situation where tilray um tlry is kind of actually the biggest uh marinara company.

We have out there uh, so this acquiring it makes sense. It's just becoming a big marinara conglomerate. If the prez was going to talk about finances in my house, i would still do click any white house. Video likes dislikes are astounding.

Oh, i didn't know that. I mean i'm not sitting there looking at like imagine, that's how i compared my social media, i'm like. Why am i, how many followers does the white house have? The the white house has 1.91 million subs? That's not cool. Am i so egotistical to think that i deserve more subs than the white house yeah? Of course i am, of course i am i've never been.
I mean i've been ratioed, but never that bad. That's so bad! Oh man! Oh man, oh man, oh man, 1.91, mil. What like they don't even have like good tick-tock dances or anything like that. I guess neither do i i should start getting.

I should do tick-tock dances, they would be, or i can't dance. I i think i have like, if there's that bell curve of ability, like i'm not even close to normal, like i am so severely on the left side of my dancing ability it's it would be concerning to many of you you'd be like. Is he did that baby giraffe just learned how to walk? That's, how i look dancing uh. I don't know what the devil you know said, but jackie got on it real, quick matt.

Can you discuss true demons dd on twitter? Also, did you see stephanie cameron's tweet about 64 amc buying the dark pool, uh, true demon? I didn't, i thought he was done with twitter. Am i missing something? Did he did he take a break from taking a break on twitter? If so, i haven't seen it yet, i'd have to dive into it, but all i can tell you is i'm a big fan of true demon what he says i commonly agree with at like a hundred percent crossover uh. I just was under the impression that he took a break from twitter and i guess now he's taking a break from taking a break jack can't make care about your opinion. Jackie is feisty this week, jackie jackie ain't, taking no flack, no flack jacket, gon na go rogue again today.

Oh man, mac all right, so, oh, but anyway, the stephanie cameron, so actually other people were pointing it out and it's kind of funny. Whenever i see things like this, like i'm very much the person that like listen folks, no one's trading it at that value, but everything i'm seeing about the 64. 10k buy um it it's true. Like i mean i, i can't find anything that disproves it.

Let me put it that way, i can't say: oh yeah 100 happen, but i'm saying everything i can see it came across on the time and sales like it was. Definitely it was a registered trade and the reason it was outside of the bid and asked is remember the nbo. The national best bid and offer is only in place from 9 30 to 4, and this was a post-market trade. So you no longer have the nbo engaged during that time frame.

Pre-Post market trading mbbo is not a thing. Um we're only trading within the nbbo from 9, 30 to 4 pm, and this trade outside of the bid and ask, i believe, was pulled off because the mbbo is not a thing there anymore. This is crazy. The so first of all, you have china giving us a crypto dip and that everyone is buying, and then you have everyone.

Oh whoa whoa, as i've said before, we have the tools to beat covet covert 19. If we come together as a country and use the tools we have earlier this month, i laid out a six-part plan for the fall that does just that. One vaccinate the unvaccinated, including with new requirements, two keep vaccinated to keep the vaccinated protected. Three: keep children safe and schools, open four increased testing and masking five protected the economic or economic recovery and six improve the care for people with covet 19..
Now we've made important progress uh on each front, and this week as planned, we took a key step in protecting the vaccinated with booster shots, which our top government doctors believe provides the highest level of protection available to date, the food and drug administration, the fda, the Center for disease control and prevention, the cdc they've completed their independent scientific review and, based on that review, the majority of americans who were fully vaccinated with the pfizer vaccine are now able to receive the booster shot six months after they've received their second shot six months After you received the second shot, you're eligible, those elo's will include in addition to meeting the requirement of six months after the second shot. Those people are 65 years or older adults 18 and over with certain underlying health conditions like diabetes and obesity and those who are at increased risk of covet 19 because of where they work or where they live, like health care workers, teachers grocery store workers. That's over that that group makes up 60 million americans who are now eligible for a booster with six months after their second shot and up to 20 million who will receive their received. Their earlier pfizer shot at least six months ago are eligible today, so those january forever.

Those folks are eligible now now, and i've made clear all along the decision of which booster shot to give when to start the shot and who will get them is left to the scientists and the doctors. That's what happened here and while we waited and prepared, we brought enough. We bought enough booster shots and states and pharmacies. Doctors, offices and community health centers have been preparing to get shots in arms, booster, shots and arms.

For a while and like your first and second shot, the booster shot is free and easily accessible. Booster shots will be available in 80 000 locations, including over 40 000 pharmacies nationwide. So my message today is this: if you've got the pfizer vaccine, you got the vice. That fights the vaccine in january february or march of this year and you're over 65 years of age go get the booster or, if you're, in a have a medical condition like diabetes or you're, a front-line worker like a healthcare worker or a teacher.

You can get a free booster now i'll be getting my booster shot. I i it's hard to acknowledge i'm over 65, but i'll be getting my booster shot. It's a bear, isn't it? I tell you acknowledge anyway, but all kidding aside i'll be getting my booster shot. I'm not sure exactly when i'm going to do it as soon as i can get it done.
Of course, millions of americans got the modern and johnson and johnson vaccines. My message for you is this: you still have a high degree of protection. Our doctors and scientists are working day and night to analyze the data from those two organizations on whether and when you need a booster shot and we'll provide updates for you as the process moves ahead again. The bottom line is, if you're, fully vaccinated, you're highly protected from severe illness, even if you get covered 19..

In fact, recent data indicates there's only one confirmed positive case per 5 000, fully vaccinated americans per day, you're as safe and as possible, you're in good shape and we're doing everything we can to keep it that way, which is where the booster comes in. So let me be clear: yes, we've made incredible progress in vaccinating americans, with over 182 million people being fully vaccinated as of today, but this is a pandemic of the unvaccinated and is caused by the fact that, despite americans having an unprecedented and successful vaccination program, despite.

21 thoughts on “Ep 85 china bans crypto dumb money: amc, gamestop crypto”
  1. Avataaar/Circle Created with python_avatars Samuel Næss says:

    Investing in cryptocurrency is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works, I pray that anyone who reads this become successful in life..

  2. Avataaar/Circle Created with python_avatars Melanie Kylie says:

    Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

  3. Avataaar/Circle Created with python_avatars Nicolas Pedreira says:

    I’ll leave everyone a hidden gem $Saitama been turning my $100 to $1000 consistently going right back into Stonks

  4. Avataaar/Circle Created with python_avatars Paulie says:

    THE STOCK MARKET IS RIGGED!
    GET READY TO PACK YOUR MOASS, 401K, IRA MONEY AND GET THE FK OUT!.
    GOLD+SILVER+CRYPTO, FU WALLSTREET!

  5. Avataaar/Circle Created with python_avatars Paul Dorothy says:

    Hello I'm new to Bitcoin and would like to invest but I've got no idea on how to make good profit. Pls what's the best approach you'd recommend?

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

    AMC, Evergrande and Huawei’s release returning to Shenzhen where Evergrande’s headquarter is – any relationship?

  7. Avataaar/Circle Created with python_avatars Riverside Choosing Living Over Existing says:

    The Two Canadians Are FREE!

    China’s poorly veiled attempt to distract from their massive domestic economic real estate Tsunami while using their rejection of accepting Cryptocurrency as legal tender is nothing more than a failed sleight of hand maneuver.

    From 2015 no Chinese bank was able to accept Cryptocurrency so today’s news flash had everything to do with distracting you from their Huawei CFO Meng Wanzhou accepting GUILT today in USA court with a fine and unspecified conditions. China’s behaviour throughout this entire process amounts to nothing more than having KIDNAPPED two innocent Canadians business men in retaliation for their wrong doing.

    A [2021 Global Times] report with the headlines of β€œ[Update: 5 million people sign petition calling for Canada’s releasing of Huawei CFO Meng Wanzhou; β€˜a collective public will’ shouldn’t be ignored ]” was RIGHTFULLY SO answered YES by the Canadian government and today’s release is more than justification for that decision. This global terrorism as practiced by China is the fault of North American company’s refusal to pay proper wages while gorging on massive inhumane profits for themselves. When you play with the puppies you will get bitten by the fleas and China’s are blood sucking monsters able to infestate and control many global leaders.

    The irony of China’s announcing today that they are making cryptocurrency illegal, when placed in the light of their EVERGRADE disaster is a PERFECTLY excellent example as to why Cryptocurrency offers an option to retailer’s investment and savings. It is ridiculous to think any rational person would accept that china is concerned about money laundering and disruption of the financial system.

    China’s crocodile tears should impact us with a smile when talking about global financial instability. Seriously!!! This is coming at a time when we are now seeing inside what could become one of the largest global financial disruption at the hands of CHINA’s real estate global practices.

    For me, today’s announcement comes with a smile. Firstly the Two Canadians have been released. Secondly those having delusions of playing nice and giving in to China’s bullying tactics should now be clear than we should never negotiate with terrorist. Finally Cryptocurrency is here to stay in one form or the other.

  8. Avataaar/Circle Created with python_avatars Mart Arbenflart says:

    Seriously….I have no idea why Matt spoke about BitBoy but everyone do yourself a huge favor and avoid that neck beard clown….dude fuds for clicks when his channel is sleeping… literally how he got his videos back up in the Algo…just shitting on things …..bitboy is a 🀑

  9. Avataaar/Circle Created with python_avatars Akshay { BRAINSCOTT804 ON TELEGRAM } says:

    πŸ₯°Thanks you☝️very much for your wonderful feedback we're happy that we are benefiting from your Service / program we promise you that we shall recommend more people to you sir and we promise never to relent in buying your software & investing more money you are the best when it comes to legitimate and trusted working Bitcoin generating mining software that truly mine btc I believe you will be rewarded soon with your great jobs;

  10. 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€

  11. Avataaar/Circle Created with python_avatars Noah Baumgartner says:

    Hodl and get one of the miners at rebuminers and you will be thanking yourself

  12. Avataaar/Circle Created with python_avatars 2pongz says:

    EG lied about their Yuan denominated bond which is worth $85 million dollars yet they claimed it's already paid. And no missing this bond particular payment has no penalty but this is another red flag that the coffers are close to empty. The global market is not out of the forest yet, the slow collapse of EG will be the catalyst of China's trillion housing bubble is just a start.

  13. Avataaar/Circle Created with python_avatars Jason says:

    Matt – Great call on the fake out Crypto dip. Made some nice weekend money ; )

  14. Avataaar/Circle Created with python_avatars TL S says:

    Is Matts afternoon video off line?? For the first time, I can't find it even with a thorough search.

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

    Face it, unless you bought in around 40-60 dollars. No ape is loosing money.

  16. Avataaar/Circle Created with python_avatars Alex Lopez says:

    Picture this. AMC squeezes while the market crashes (massive deep discounts) id rollover my money back into the market. Id be the Shortest market crash ever lol.

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

    WoW 🀩! β€œGoing to the Moon πŸŒ™ β€œ song is a very GREAT πŸ‘ song……….

    Pls do a separate video just for the song so we can keep playing this song in our car/ on the go !

    May I have the link of the song?

  18. Avataaar/Circle Created with python_avatars sandersmoonrocket says:

    I agree they would have had to physically remove me and I would have never involved myself in that argument I just pulled out my camera kept my mouth shut turned it on record and went back to study by learn anything from January 6th don't engage in the nonsense

  19. Avataaar/Circle Created with python_avatars George Heyden says:

    Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Christi Benner, her skills set is exceptional..

  20. Avataaar/Circle Created with python_avatars Clarence Albury says:

    <πŸš€Amazing content.I feel we may see a reversal and start bulling or we may experience a further decline or experience stagnation for a while. Those who allow the makrt determine when to make profit off d markert are either new in the space or just naive.The sphere has seen more worst times than this and traders were still able to make profit off the market not from buying the dip but from getting their assets into active trad,inorder not to feel the fall if d market continues going bearish.I'd say that more emphasis should be put into trading,since it is way profitable than hodling.Tradlng went smooth for me but all thanks to Bruna west for his amazing skills for help me to earn 18 BTC through trading chart. I would advise y'all to trade your asset rather than hodl for a future you aren't sure about.

  21. Avataaar/Circle Created with python_avatars Alonso emerson says:

    Now should be the best time to buy and hold Bitcoin because it really coming up to a standard rate

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