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Dumb Money Ep. 87: AMC, GameStop & Crypto
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XXX Shares (Long)
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance

Folks, folks, folks, folks, folks, folks what an afternoon what an afternoon i uh, i think this is gon na - be a real fun stream, a real fun stream man. I was okay, so there's a lot of craziness right now with like this lawsuit, this sec, that sec robin hood citadel these meme stock traders getting in trouble like vlad, just being a boy from bulgaria, ken griffin, it's trending, i think ken griffin lied. That's trend like we are all over the map and i just spent the last couple hours diving into it. I, like i was, i was calling up people and i'm kind of in the middle of like i guess this research, and i just want to let everyone know where i'm at now um, so that's kind of how i'm going to structure.

This stream is like with evidence i'm trying to show you all my sources, everything i've actually uncovered, instead of just like random, ass screenshots and opinions and things trending and everyone bandwagoning, i'm attempting in this one i went real down. I went deep down this rabbit hole. I wouldn't i just spent hours going into this rabbit hole and it's not over like this is like uh. I don't know a halftime break a quarter, one break like i'm on a quick timeout to let you guys know where i'm at, because really what i've been doing in the background more so, instead of just like my own little, like sleuthing around the internet, uh reached Out to a couple like lawyers involved in, what's going on to see if we can get a discussion about everything um, so that's kind of where we're at this is not by any means like the end-all be-all update of all that uh of anything scc and citadel And ken griffin and vlad and robin hood and all that, but we do have a fair amount of things to go over just so we're like at least at to this point, 2 p.m.

On monday, the 27th, at least so we're on the same page, because i think when it comes to things like this, we're talking about serious money, we're talking about billions of dollars, we're talking about like potential actual jail. Time like this is all like. This isn't any more in the league of just hey, like kind of just messing around haha jokes like this is this: is it so? I think it's fair for everyone involved, no matter whose side, whatever is going on just for all. All of us to have like a little bit of truth to the actual scenario of what we're seeing um, so i'm excited uh, as people are rolling in uh.

Hang on one. Second, let me get this. I always forget to tweet this out, just not in the mode the mode i'm in um and amc gme. Let's do this thing.

Let's do this thing all right, i guess before we hop into it. Maybe i should give you the quick, like technical, vortex, update. All of that uh just so we all have a little bit of basis before i go uh real deep into some of these things that we found so amc currently trading at 39.75. Jimmy currently turning at 188 amc has been kind of pegged to 40 dollars.

I want to see that break out, basically a 41.50 and then a gap fell up to 44.20 in the short term gme. We know there's a region of resistance between 188 190, it's at 188.58. At that level. I want that break above 190 a little bit of a hiccup at 195, but i'm looking for the magnet of 200 to like kind of come into effect for gme in terms of the overall market.
So ever since i guess 11 this morning the spy was selling off, and now it's bouncing um. I just want to kind of let you know some of the things that was happening right here. Uh in terms of the overall market white house says chinese president brought up ming case in a call with u.s president bynum white house. When asked with who sorry, i don't want to say that name i like it.

I don't i'm always weird about like pronouncing things wrong, um, so i'd rather just not like offend a bunch of people and completely butcher the enunciation um. But right here, fed williams, says tapering bonds buying may soon be warranted. Fed williams says conditions to support rate increase. Still lie well off, so this is all in reference, the rate most likely not happening for a full year, the end of 2022, but we know potentially, as early as november, they might start the tapering of asset purchases.

None of this is new, like this was all well discussed and documented right with the fomc meeting minutes and pal speaking right after tapering, most likely happening soon and that'll gradually take place all the way up until like mid next year, when they really end it, and Then they're, looking for, like the bar, the the economic bar of how strong our overall economy is performing for them to actually be like all right. Maybe it's time to raise the rates here, um that is more gon na happen. Uh. It looks like a year from roughly now, roughly roughly all right.

What else do we have uh fed says labor market's still shy of substantial. Further progress for taper threshold says helpful. To labor markets may soon meet the mark to commence bond tapering. We know this we're talking about november.

It's not a big deal. White house democrats discussing financial means test for some reconciliation agenda items to lower costs. Discussion include income caps on free community college, child tax credits and electric vehicle rebates, so we just have some overall. I guess high level macro economic uh.

I guess comments throughout the day from the various points and if you check out the time of seeing kind of what's going on, it's not much of a surprise that it lines up pretty well with what we're seeing here. Um you could check the spy you could check iwm, you could check the cues honestly iwm is having a great day the russell 2000 very solid, looking strong um, the qs as in the nasdaq 100. Probably the weakest uh out of these three that we're talking about but still um, looks like potentially wants to go green at it's down point seven percent on the day, but we have the spy bending background. Tesla is crushing it right now, um.
I let my discord know i was like hey. I like i've. I've had a very storied relationship with tesla um, it's not healthy. It takes my money.

I keep giving it money. I think our relationship's gon na change, but it's always that it's always give give. Take. Take take and it's not like a two-way street um, but i am happy to report that i have once again started my love affair with tesla uh uh.

If i'm, if i'm being honest, i'm ready to be hurt again, i'm going into this fully understanding that tesla's gon na take money from me and once again all of you are gon na be here. Hopefully, fingers crossed to uh help me pick up my the shattered pieces of my heart as they're on the ground, but um. That's what i'm looking at in tesla, i'm ready to go, i'm once again long on tesla, i bought some options and i'm i want to start things off slow this time. I feel like every time i get into a relationship with relationship with tesla.

It's super hot and heavy from the start, and i think maybe this time, if i just take it a little bit easier on this particular trade, i got in a little bit earlier midday, i'm looking for 800., i'm looking for 800, maybe just lock in a couple. Attendees and just see see how the two of us have been lately, so we're seeing how this is going, but i just wanted everyone to know so: uh, currently uh, actually all four things you see on the screen, i'm long on amc, gme, tesla and spy. I am long on all these as we speak, but anyway um. Let's talk about some of the other stuff.

I just want to oh hang on. Let me give you the vortex numbers on amc and gme. Okay, amc they borrowed 2.07, but it's a net return of 378 000 short interest of 20.4 percent, jimmy they've borrowed 260 000. A net borrow of 175 short interest, 13.77 percent uh.

So i just wanted to go over those numbers very quickly. Just so like we all know, what's up and what's happening, but now all right, let me get focused. Let me let me uh bring you down the rabbit hole that i've been going in. So i need to, i guess, split this up into two important things because you're hearing about the sec, robin hood citadel people getting sued, meme traders like it's all over the map and um.

I found that the easiest way is to split this into two distinct halves. The first: well, it's not really half the first. I guess 10th uh, it's a a lot shorter. This was by our boy.

Jim cramer. Scc goes after meme trader for wash sale violations. That scc is watching uh, the second one, that's just a hit against our community. Don't worry about it but like if you're hearing about sec and people getting sued and meme trader like i understand how it could get all conflated as the same thing this.

What he's referring to is a very, very uh. I guess distinct thing and actually here i found the actual press release from the sec sec charges, two individuals for wash trading scheme involving options of meme stocks. So i think because of the name, the sec, like that's how it's all getting put together. But once again, this is its own distinct narrative, its own distinct storyline, and i just want you to know what it's about, but it is breaking.
Today it came out on the 27th, the sec today charged a florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain meme stocks in early 2021.. This is the last name of one of the individuals gu um, i'm just gon na call him g. I don't know how to say this. Name g allegedly then devised the scheme to take advantage of the maker taker program offered by exchanges by trading options of these stocks with himself.

So basically, he noticed that there was a crazy amount of volume and volatility in meme socks and he understood what this program is. The maker taker basically for providing liquidity, he's getting rebates, but he was taking the liquidity from himself. So it was completely artificial, but he was getting the kick back and it was to a hefty tune under the maker taker program, a trade order that is sent to an exchange and executes against this sub sub sub. I can't even say this word substantially sub.

Subsequently, all right we're just gon na skip over that now uh sub squint. This is gon na get frustrating received. Order makes liquidity and generates a rebate from the exchange and, in contrast, an order that immediately executes against a pre-existing order, takes liquidity and is charged a fee. So it's right in there.

In contrast, in order that immediately executes against the pre-existing order, takes liquidity and it charge a fee, so he was playing the game with himself in this um and that's how he's getting money? It's a rebate so you're going to hear some discussions about payment for order flow of like hang on, like other markets have it and they just call it like a rebor rebate like we do have these other things that are kind of like hang on you're, providing Liquidity to the market and, like certain kickbacks for doing it - and this is a style of one, the maker taker. This is it's well known. It's well documented, and this isn't like that crazy, like he under some big secret um moving on uh. I i found this part to be kind of the most interesting.

The complaint alleges that she executed approximately 11 400 trades with himself netting at least 660. Let's call it 9 000 in liquidity, rebates and that lead that's his like co-conspirator executed, approximately 2 300 trades with himself netting 51 000 in liquidity rebates. In addition to collecting these ill-gotten rebates, the wash trading scheme allegedly impacted the market as it skewed the volume. In a certain option, contracts and induced other traders to place trades in an un, otherwise illiquid options contract, so they were doing this with put options just so.
Everyone knows, as alleged in our complaint g and lee, engage in a deceptive wash trading scheme to game the exchange's maker taker programs and take advantage of market conditions associated with meme stocks trading uh. And this was uh given by someone who works at the sec. But right here so this is yes did it involve meme stock traders yeah, but it wasn't people actually involved in the movement and mean socks. These were people taking advantage of rebites, and basically they were falsely providing liquidity, and when you provide liquidity, that is a beneficial service for a market.

You're like you want liquidity. Liquidity is basically the ease in getting out of a stock. The ease of getting in and out of an option, the more liquid it is the more easily you can trade, especially more and more money. So, providing liquidity is a good thing, but they were falsely providing liquidity in the options market and they were just it's false because they were basically, it was a scheme between themselves and they were taking advantage of like the little kid back.

You get providing liquidity and, like i mean we're talking over seven hundred thousand dollars, so the sec tracked them down caught them. That's what it is. This is what kramer's referring to and, like. I said this is a very, very distinct thing, rather than what the news and everyone's talking about right now and on twitter.

I believe it's trending that ken griffin lied so think of this as one individual thing and then the ken griffin i mean how do i see this explore? I bet it's. I think it's trending right now, uh. Where do we have it trending right here, ken griffin um, so it's the hashtag ken griffin, i mean i saw it as ken griffin lied, but now it's just ken griffin like yeah. It seems i don't know why ken griffin lied isn't coming up.

For me. That's really weird, so this is super super interesting twitter is actually changing. What is trending. This is crazy, so people obviously have the screenshots that it's ken griffin lied but they're just showing it as ken griffin, whoa, whoa whoa they changed it.

That is crazy. That's that's! Messed up man all right. So what is this about? Well, what there's about? There's two! I guess let me paint the picture for you, so it all started with this right here: um, the ceo ken griffin, the ceo of citadel hedge fund citadel securities, basically citadel upon being asked if he had contact with the ceo of robin hood vlad the boy from Bulgaria, he clearly stated. Let me be perfectly clear, absolutely not so that's the official statement um back in whenever was the earlier part of the year.

We were all listening to it when roaring kitty was up there, ken griffin uh pocket, like all these people who were involved in this craziness, they were being basically debriefed by the government of what's going on, and that was his response. It's like did you have any contact with the ceo of robin hood, so vlad and ken. Let me be perfectly clear: absolutely not. This is a bit interesting, and the other quote that i want everyone to remember is right here, according to the suit, in one instance, robin hood chief operating officer, gretchen howard, messaged, internally, that the startup was facing a major liquidity crisis publicly, the company's chief executive said The opposite: there was no liquidity problem, ceo vlad attendant, told cnbc's andrew ross, sorkin a day later on january 29th.
So there's two and like i'm not lawyer, and i'm doing my best to understand how a lawyer would actually look at it. But this the it's one of those things where to my understanding, you have things that are like the letter of the law like the high-end technicalities and then the spirit of the law of more of like okay. What, as a society, do we understand to be? Morally? Just or morally injust - and i think this is one of those things, especially with griffin's comment - where we're really teetering the line of okay, it's messed up all the stuff we're about to go into. It's messed up, it's immoral, but it's a completely different idea of okay.

How would i guess the legal profession? How would the legal word act world actually like look into all of this and keep that in mind? So really the story with jim cramer, the meme traders that related to options they were abusing the rebate system. We're done with that story no longer relating to this now we're talking about two individual things. One was a comment from ken griffin saying that he never spoke with vlad. The ceo of robin hood and the other one is basically both of these are going to involve blad, but right here, um vlad.

So we had the coo saying, there's a liquidity issue and then vlad's like no. No, no, we didn't have that um and all this stuff is documented. If you want, i can post all these sources in the in the description of this video, so you can fact check all these things that i'm diving into. But what i find very surprising about this is hang on.

Let me go, this is the lawsuit that i found: uh united states district court, southern district of florida case number 212989, mdl uh. You can check this out um, but this is long, it's 137 pages and let me write down the pages that i found for all of us to dive into okay. So the first one is 57 there's a lot in here, but this is what i find some of these are kind of the highlights, let's say at least that i found thus far so this is some information about uh, gretchen howard, remember um. This is kind of, i guess, vlad's right hand, person a chief operating officer this.

That's this gretchen howard person. So this was some internal communication. Can you call me set up a zoom link, uh major liquidity issued uh? We have pco right here, pco'd just so. You know is position close only so that's what stopped people from buying amc.
No, but they position closed, only amc, gm enoke, bb and akd costs, expr and bbby. So right here, major liquidity issue, so we we have internal this one to me. This is like a straight up like we got you. This is like right.

Here i mean. Are we surprised that much stuff goes on with andrew sorkin like crazy, like illicit against the let's say the greater good of retail trading vlad the ceo said: there's no liquidity problem to me. I don't the only way - maybe i'm trying to imagine that this could be argued by a lawyer, is to say that the coo and the ceo weren't talking with each other, but right here, we're we kind of have this evidence. Gretchen howard high up person in robin hood major liquidity issue right here january 28th, 2021 uh - five, i don't know am pm, probably am if i had to guess: um yeah, definitely so up at five in the morning.

In one of the worst issues this company has ever heard, i will not. I find it completely unreasonable to think that the ceo and the ceo were not speaking, but we do know that they say completely contradictory things. So i don't know this is the point where i'm not a lawyer. So i can't like actually comment on any of like the legalese of this, but to say: there's no liquidity problem and then the opposite saying we have a major liquidity problem that one to me, like, i know ken griffin, ken griffin lied.

I think we could all like right now, like the whole another one should be vlad tennis lied like that. One is to me super super obvious, and the only thing i could possibly imagine if you had like a fancy, schmancy lawyer coming in, be like well, actually, no, they never talk so like like. I guess we need the smoking gun to prove that, like, oh, okay, so like we need the communication that shows gretchen and vlad spoke and like they were on the exact same page but like how would they not have it's the ceo, the ceo and the one Of the worst parts of this company is history, i i just don't buy it. It's honestly that simple and now, let's fast forward, really quick, this is some fun stuff uh.

This is just from some people working within the company uh. We will navigate through the nscc issue, so the nscc issue. I believe that they're referring to is like hey uh. You need to give a lot of money over to us right now to like cover your collateral.

We are too big for them to actually shut us down, we're going to get crucified for pco'ing. Remember that's when they only allowed position, closing uh, crazy, crazy stuff. There do we make amc and jimmy only pco, yeah yeah, seeing the channel now unfortunate uh received a very large call confidentially. All firms on street jim is saying we are doing the same.

So this is a lot of the brokerages like being hang on. Only pco and all this stuff and like they know, what's going on, they know it sucks unfortunate, like the some of these internal communications are like pretty damning, i guess at least, maybe maybe not in a legal sense, but in like a public moral sense, whoa whoa, Whoa whoa all right. Let me fast forward hang on check this out, just an fyi that dan and i are joining jim at 5 p.m, on a call with citadel they reach out and want to speak this evening, and we believe they will make some demands on limiting payment for order Flow across the board, we won't agree to anything but want to give you a heads up. This is this is the ceo, so they are talking, like obviously, hey gretchen right here, the ceo right hand, person two vlad flat, says: okay, then vlad says.
Maybe this would be a good time for me to chat with ken glad says you guys can mention that i've never met him. So, as of january 27th, remember we're working with a couple dates, mainly january 27th, 28th and just to tie it back to some of these comments. Um vlad had these comments to sorkin on the 29th, so 27th 29th already done. Vlad goes on with cnbc says: there's no liquidity problem, maybe like i'm trying to point on like if i were hired by them to be their lawyer of what they would say.

Maybe they'd be like well, no actually, on the 29th there wasn't a liquidity problem. We knew there was on the 27th and 28th, but he was asked on the 29th and on the 29th there wasn't so. Thus he was not lying and that's why i'm saying we're getting into the difference between the letter of the law and the spirit of the law, and i think that's very important like for us. I find this to be absurdly absurdly frustrating because, like something went on but like if you take just the comment of like okay, is this actually breaking the letter of the law? Very, very binary, there's no liquidity problem.

Well, that was stated on january 29th. So like is that what the lawyer could argue and be like? Well, no like we knew there was on the 28th, but look: it happened on the 29th and there wasn't on the 29th like that type of a deal like hang on the other thing. I want to talk about right here and it's it's kind of in the same vein of thought and i think it's very very important upon being asked if he had contact with the ceo of robin hood. This is in reference to ken griffin, the ceo of citadel and citadel securities.

He clearly stated - let me be perfectly clear, absolutely not now this. This is your opinion, so vlad was saying he wants to meet with him. Maybe this would be a good time for me to chat with ken griffin. You guys can mention that i've never met him.

Now i went on a little bit more to see if there was what i would personally in a non-legal advice. Opinion consider to be oh, like clearly they did talk. I didn't find anything this it to me. It feels like the exact same argument before the ceo and the ceo of robin hood, vlad and gretchen of talking about okay like is there a smoking gun like i feel like i don't know what is it all like secondary evidence or like circumstantial evidence like it's? Not like we have an email saying, i'm calling ken griffin right now like we're buddies like that type of a deal.
What i see on page 82 of this, if you want to pull up the like the court document yourself on 82, it says - maybe this would be a good time for me, as in vlad to chat with ken griffin. You guys can mention that i've never met him, so that was as of the 27th. So what i see at least that, like i think, a lee a lawyer could say and be like: no, he he wanted to meet him. He wanted to chat with him, but does it technically from like? I know once again we're separating the morals, the spirit of the law versus the letter of the law and i'm talking about it as if i'm like know how to separate it.

But obviously i'm not a lawyer, so maybe i shouldn't be talking about it at all. Let me be perfectly clear: absolutely not now, can a lawyer potentially use that as their defense and be like? Oh no, no, he wanted to talk to him, but there's no proof of them. Actually talking, remember you're innocent until proven guilty. The onus is on us and the prosecutors to prove that they spoke together well right here.

We just see a lot of evidence saying like it would be crazy if they didn't but like can we definitively prove it? You don't know um. I i saw some people maybe pointing out like okay. Are these legitimate documents? I guess that's a whole nother question um. I don't know why i would not believe all this evidence right here.

This seems like a pretty legitimate filing to me, but i guess maybe, if there's like a lawyer listening right now, um they could be like oh yeah yeah like there's a way like i. I feel like these are verifiable, like i'm trying to use a source. That's like truly um, like accurate, like perfectly accurate, in fact um, but maybe like i saw someone like okay do we know the documents are true not as if they're against us anyway, like. Let's just cross all of our t's dot, all of our eyes like make sure that we have this entire thing, buttoned up right now and from what i'm seeing in this.

This is 137 pages of really showing how much of bad actors citadel and robin hood is at least that's how i personally interpret all of this, but with this entire thing of like did vlad and ken meet this. Something in is something in here. The smoking gun not that i've read um i've only been through, like i haven't, had much time and i'm gon na dive, obviously into this more tonight. So like like.

I said this. This is where i'm at in the rabbit hole and i'm still going like we're. Still digging i'm still talking to people, i'm still trying to understand as most of it as i possibly can, i'm just doing my best to bring everyone up to my like current knowledge, and maybe you already know more about this, and you can like be like hey. You got to look at this this and this i'm more than happy to i'm just trying to share this exact story at this moment in time with everyone that is currently paying attention um, but some of this stuff in here it's so it's so egregiously bad of Them just knowing that they're gon na get, i think they were saying that they're gon na get crucified.
It's so bit like it's, so so bad in here um. So i recommend, if you have some free time today - and maybe you want to put on your lawyer cap - you can check out this case number um. Remember this other sec thing. It's it's interesting, but also a distinct story um, but that's where we're at and obviously, as i get more and i like can button it up a little bit better for everyone paying attention um more than happy to.

I just want to let you know like where i'm at in the in the rabbit hole. Currently, let me go back to some of these uh so when tesla hit 797.50 amc not moving much very, very low volume 24 mil today and we still have uh it's 2 30. So we have 90 minutes to go but low volume same with gme. It's only traded 1.2 million shares today, low low volume and volatility on both amc and gme.

The super chat uh just bought your first share of mma team congrats you're welcome, get aboard choo, choo, amy, jimmy and matthew to the moon. Shout out, hey matt! What do you think about blnk as the short squeeze candidate uh love your work? Let me check that out very quickly for you. If this ever loads, all right. Well, that's loading.

Uh, hey matt, atro borrowed shares, uh jump. Just two fishy decided to increase position. 16K shares at 1250 average have a have a sprt feeling here. Your opinion, uh man, okay, i could pull this up.

I'm my one page is just not loading for me ater. I i still like it. I do um. I closed my position on it early last week when, and things were dropping off just so i had more money to like get in on the dip on things.

Um ater, i'm bullish on it. It does still meet all of my criteria. I think it was beaten down because people didn't fully understand what they were doing with their debt situation, and people were like. Oh dilution, delusions like well, not kind of, but not really it was.

They were just paying off debt. It wasn't like an at the market offering and i think some people's reaction i mean - and i was saying this last week is like i think it was an overreaction and if anything it just to me, was more of a discount opportunity but um. I think things on atr get very interesting if it holds above 13., but for you you have 16 000 shares with a a sub 13 average, like that's incredibly good, incredibly good um. So we have a bit of resistance right here.

1325, like you, could see, it was not kind of four times roughly in this region today uh, but i'm watching. 13. 15. 13.
75.. If you can hold close nice volume above 1375 atr, i could see a world in which it becomes extremely dangerous, extremely dangerous. All right, what was the one previously b, l and k? Why is this not right, b, l and k? All right, i mean i'll - have to come back to it. For some reason, it's not loading up here.

Uh super important drop tonight on amc, matt it'd be sick. If you could tune in dropping on the channel at 5 p.m. Sharp love your streams. Man enjoy your night, shout out.

That's lottery stocks, uh levi deposit vlad. It says you lied to the public here when i was a young boy in bulgaria, maybe tin, foil hat. This is why vlad's phone was seized. Very well could be so we know that finra, i believe, seized his phone um.

So, once again, like that's what i'm saying is, i feel like we're like one little shred of evidence away of connecting the conversation between vlad and ken right now, ceo of both of these companies. Vlad and ken, like everything, indicates that like like what is the probability of what happened, it really looks like they talked, but once again we are like from a legal standpoint when the onus is on us to prove guilt. We're like, i feel like we're that, like we're just that close like we need that one that one call the the one email the one zoom like we are right right. There uh a n y halted, whoa whoa there a-n-y right back into like it's fighting class.

It's weight class right here uh, i guess, watch 750 760. This thing could get interesting. Whoa there, brother, oh there, scooter uh! Are you in cei? Apologies if you already broken this one down in recent weeks, uh. I am not in it now, but it's moving very nicely with like oil and gas uh it's moving.

I think the best entry was closer to 170 ish. I think it's a bit chasy right now, but if you're in it the trend, is your friend lit your winners ride thanks for everything you do and share with us. I have many 1015 call options for amc. Would it be best to roll them over or turn into shares? I mean that for you that that's very very hard to answer alex, i mean, do you want the shares? I don't know anything about your options.

Are you deep in the money out of the money at the money, um there's and a lot of it is just like almost subjective to like what you want in your risk. Tolerance, like, i, don't think, there's necessarily like. First of all, i don't have like enough info, like you just have options and shares the best to roll over or turn into shares. It's all up to you.

Do you want the shares? You want the options which are risk talents right now. I i have no amc call options. I have exclusively shares at this moment in time just because the volume and volatility is low and that's not an ideal environment for stocks or call options on stocks, but that's my personal preference. Maybe i'm completely misreading the situation, but right now i i do prefer at this moment in time.
Amc shares over options uh lying to media, not a crime generally, but securities discourse trouble that by lying to congress is perjury and a felony re can comment to their question about communication yeah. No, i get that, but we also that's what i'm saying is um. I i understand fully, but still we have no hardcore evidence of them having a conversation uh. All we have is vlad, saying he's not met him and he like is willing to speak to him and like should they speak um if, if it is proven that seems to me to be straight up perjury, but the issue right here for the prosecutors to my Understanding is still the evidence like showing evidence that they actually did have communications.

What are your thoughts on amc? You think we squeeze this or next week. Would you mind checking ortex um? I i don't know. I think the odds of this week or next week are on the lower side, but it's just. We haven't seen volume and volatility and usually when volume and volatility picks up for it to really get moving.

It runs for a couple days so you're trying to put like a very tight time frame on it um. So maybe, but that's why i watch it like i'm not here to pick time frames um. It could happen honestly for all. I know it could happen tomorrow.

It could happen today, or maybe it takes a bit like i'm i'm unsure um and anyone that's telling you a time frame like they don't know what they're talking about uh. Did you read page four paragraph six, vlad uh ken? What do you think we should do kenny? I don't know, call that youtube. Duckboy is really taking us through the ringer any chance. The government can step in and screw us uh yeah.

There's always like folks we're talking about the us government. Of course they could. Of course they could what is triple witching, so quadruple wishing is when four types of assets, all asset classes, two options, two futures uh all expire on the same date and they have to get rolled over so there's four triple witching is when three of the four Are all expiring on the same date, um, hey, matt twitter is censoring. The lied part of the hashtag media censorship at its finest let's flood twitter, with the truth um, but right now like well, okay, i guess it depends on how twitter itself like monitors itself.

Like is it always in the eye of the law, or is it just saying hey like to me, that's a weird thing of twitter right now now that we saw that they're changing this to me, this is very, very weird, because it's the battle of two different Things well. First of all, you have freedom of speech, so if many many thousands of people, even the tweet number, is very, very low now the tweet number and what it actually is to me. That's like that's com, you're, somehow, swaying freedom of speech, like, i think, that's a freedom of speech issue, but on the flip side, if they're monitoring themselves by things that are legally accurate and not legally accurate right now by the legal definition, they haven't proved that ken Griffin lied so now it's woody way more. Do you weigh the legal definition of like okay? Is there hardcore evidence? Was he proven guilty of lying versus okay, the freedom of speech on social media? That's what people are talking about.
It and they're purposely skewing it um. I don't know i like this is the position that twitter's in right now you have wall street and a billionaire, that's well known on wall street, saying hey! If you lit this and i'm guessing right here, i can't say this is actually happening, but this is what i perceive this situation to be on one hand, you have a pissed off billionaire who will use his wall street influence to mess with the company and on The other hand, you have a bunch, you have thousands and thousands of people who are like the retail public saying no. This is our freedom of speech, and this is what we're saying. So both sides are probably freaking out at twitter right now and if there were a wrong way to handle it, i would bet that that's how twitter ends up handling it.

I would i, in fact, if there's any time, there's a situation on twitter if it could be handled inappropriately. I bet twitter handles it that way, so, whatever you think the most inappropriate way for like for twitter to handle this current. Like the ken griffin situation, i would bet money that the worst way is the way they're gon na end up handling it all right. 7.

40. uh could the low jimmy be do people moving to computer share? No because, like you could still buy there like buying, like volume, is still trading volume like it's low, because the overall market's just not trading it right now, uh a and y. Let's go a and y: this is 760. If a and y pushes 760, this thing can get uh pretty interesting for sure.

A and y can be a fun watch. Let's throw up tesla right there, 7.95 uh a, and why flying based on seeking alpha rumor be careful yeah, let's see if we could track down a and why uh any whatever the news is. Finn is uh all right. This is not to do that's not coming up properly a and why? Why did this start? Moving uh seeking alpha reports, elon musk likely joined m, a partner griffin, digital mining as board member after merger whoa.

So this is why any is on the move: uh, griffin, digital mining and sphere 3d, which is any will be completing their bitcoin mining merger in q4 of 2021.. The business of bitcoin mining is not without controversy, but griffin, digital mining and sphere 3d are taking on a leadership role to address environmental concerns ahead of anticipated merger. We provide a data-driven and evidence-based approach to make the case that elon musk will become the newest board. Member of this oh, this is this - is a straight-up rumor folks, um all right.

Obviously i don't have 18 years, so i'm not going to read this okay plea be careful with any. So this is what the article is all about. We provide a data-driven and evidence-based approach that makes the case that elon musk will become the newest board. Member of this bitcoin mining company in quarter four 2021.
they're just making the case that it will happen and right here, if you go to the disclosure at the bottom, i slash. We have a beneficial long position in the shares of any either through stock ownership options or other derivatives. Whoa whoa, whoa, whoa um, so be careful there hey. I know a lot of people are in any.

I hope i hope, if you're in it, you're making money, but this is not some like big release. That's like! Oh, that's, crazy, like this. This could go south if they're like if elon comes out, and he just tweets like what the no um they're, literally just making a case that he'll become the newest board member uh not verified, or anything like that. So just be careful with any shout out to trey subway cup: that's a good catch for the community um, and i mean alpha seeking alpha, like they've done this before, like seeking alpha's gotten in trouble for writing articles that, like is kind of just bs uh, so Uh b be a little bit careful.

It's weird because, like the story, isn't that, like it's not hardcore evidence, but - and he also just has a high short interest so like even if it wasn't like uh, backed by evidence, if this puts enough pressure on the shorts they freak out and they buy like You still might have that same result of the action. So that's why i'm just saying be careful, i'm not saying it's good or bad. I'm not saying bullish! Bearish, i'm just saying! Watch it like be be attentive, be agile, all right, klp, blaine kplt. I do like it for the gap up to 9 30..

What a day, what a day of just actions and reports and how's my tesla position doing all right. I should actually check. What's this lap, 797. 797 um, someone said, don't be suspicious, that's the most! I hope that's a joke.

I can never obviously uh like fully understand tone when i'm just reading messages but don't be suspicious. The people who i have seen that have had the greatest success in the stock market are the most suspicious people um just to like willy-nilly, throw out money. Uh, that's not that's not! You don't want to just like ban wagon random things that could go south super super fast, okay, uh, so mmat, looking great eminem whoa up 21 on the day, mmat about to have a breakout watch the september 3rd high of 6.42. The 630 to 650 area is interesting, um very interesting after it.

I i don't see why it wouldn't like just kind of fill up a little bit of this void straight to eight dollars on mmat jason dude be super suspicious. We are great win, shout out jason. Happy, i think, what are we right now, four or five we're ranked high don't be suspicious is a meme. I pride myself on being super up on meme culture.
What am i missing? I feel left out. Oh jenny, slate she's funny she cracks me up. Is this from uh parks and rec? Is that what this is from? Because i know both of these people are in parks and rec? I think it's a parks and rec one, and that makes sense just i haven't watched all of parks and rec, but it is a hilarious show. Uh andy also has a consensus price target of 40..

So i read this morning care to verify this chat all right. All right all right, all right: where are we at um? I don't want to lose track of the overall market today. We're moving we're grooving folks, uh amc currently just got knocked from 39.60 to 39.30, but really just it's a low volume day, not high conviction moves the q's kind of trying to battle its way back up. How's iwm iwm, almost at it's intraday high.

This thing is cruising cruising cruising: can you give a shout out and congrats to my fiance ashley for getting her realtor's license to help support my terrible trades tanner shout out to both you and ashley, and congratulations to her on getting her realtor's license purdue university tesla? Looking saucy, what else do we have? Don't piece? Is it's a joke? It's like a tick tock song. Will you do a challenge for your only fan shout out potato wouldn't be considered market manipulation. Seeking alpha i mean. Are they allowed to do that as long as they disclose it? Um, that's the gray area.

I mean that's what i'm trying to figure out myself of like what is and isn't manipulation uh, but they disclosed it. They said: hey we put this out here so then it's like once again, it's kind of like the realm of like is it is it freedom of speech? Is it not freedom of speech? I mean it to me. What seeking alpha did it's not much different from when jim cramer, just tweets by amc or gasparino's pumping robin hood on fake news? Like i don't know, it's that awkward line of like what's manipulation and what's freedom of speech, and i think that's uh left up to the courts to individually argue uh. I know you hate robin hood, but could robinson not pay out after the squeeze i'm hearing that they would probably pay out 100k a month.

I have no clue about that and i mean tommy from the bronx. For me, it's like i was talking about this. A little bit earlier today, it's just some it's so easy to avoid that risk that i'm not gon na just do it like i'm, just like you could transfer you can transfer from robin to another one for free um. In my opinion, i think you'd be fine.

If you started it right now, even if it took like a week, um the volatility and all that the volatility and volume on amc right now is so low that, if you were to like trigger the transfer today, i don't think you're going to miss it. Um. Obviously, there's even risk to that, but i think there's more of a risk to being on robin hood. Like i just don't see, i don't see any advantage of being on robinhood at this moment in time like at all, like all it is, is risk.
It's exclusively risk just sent you a twitter dm of a leaked email from the dtcc to robin hood, showing their deficit of 3 billion doll hairs. I actually think that was included uh. I think i saw something about that man i was reading so much. I think they actually had that the email from the nscc and dtcc in here as uh yeah yeah, i mean the nscc and the dtcc are scattered quite a bit throughout this i mean dtcc comes up what 30 times to explain.

What's going on here, while robin hood received approximately a three billion dollar margin, call email from dt like 11 in the morning yeah. This is part of the lawsuit on what's the date deficit, three billion dollars, which is just crazy. The nscc daily margin statement yeah. So this is, it seems, like all the good info right now.

It is all can be found in this uh. I guess like whatever this court filing is but yeah three bill. It's crazy! It's crazy, it's crazy and they were able to raise it within a couple days. They did a huge capital, raise ridiculous, absolutely ridiculous.

Where else are we at uh matt aka, mr thunder from down under? Do you think people are losing interest in amc or is it the con before the storm fyi? I love your table dancing what's going on eric um, so do i think people are losing interest in amc? I would say quantitatively. The answer is yes, um, but i have a little bit of a caveat to that. Uh hang on. Let me show you why, and this is something i check out so right here uh, you could just see the spikes in searching of amc, so amc in the u.s.

We could even do it worldwide. Uh, it's gon na be a similar thing, a similar looking chart. So from june, until now did is the search volume going down and now it's in the weird thing of like okay. How are you defining like interest um, but with it? Please keep in mind that, as you can see over like a one week period, it can shoot all the way back up so right here, relative to what we've been at like it is on, like its search volume is lower, but we also understand that it within One week it could just go to a whole new relative high, and i think a lot of that is more so tied with amc.

The higher the price goes, the more people that are searching it across the entire world. So just because interest is slightly going down. It's definitely going down um. Does that mean it can't ever go up again? Well, of course, it could go up again, so we're kind of waiting for some of these technical breakouts like technical developments, aka price action to the upside, and as soon as that happens, you always see like a mass spike in these searches.

Um. That's! I guess one thing, but it's still like okay, like how are we gon na, well define what is interest but like if you just do something as basic as a search term? Well, google trends can give that to you all right back to this. Back to this i mean i thought about that of, like just in general, it's kind of weird uh in reference to amc and gme like is there really much more? That could be said or done at this point like okay, the amount of out hundreds of hours of content, i put out there explaining a short squeeze a gamma squeeze the overall situation. What robinhood has done and like, of course, there's always little updates here and there like, for example, we have an update about robinhood and citadel in lawsuits, but just in general, there's not much more of this specific situation in amc and gme.
That really could be taught like the information is now out there um and it's been out there like and building at a crazy crazy amount over the past six months like it's just i mean look at it this way, if, if every amc and or gme creator And i'm talking everything like youtube: twitter, reddit all that stuff. If everyone just went silent, what what would be happening on a daily basis that, like i guess, wouldn't be expressed anymore, like the info's out there, the play is out there. The the the chess board is set, we all know the exact game and right now for me, i guess i've taken on this of like okay stock commentary and then with amc and gme, and the volatility kind of drying up and, like us already fully explaining it. It's like well if people are still paying attention.

Well, of course, you still need to teach them about other things, but really amc and jimmy like those specifically. I i don't know what the community can now additionally teach on those two like, of course, we can teach higher level things of like okay. What about this? In the options market, like let's break down some of these like legal developments, but i'm talking exclusively about amc and gme the trade, those stocks what's happening with that, there's literally hundreds thousands, tens of thousands of total content out there. That explains it and uh like this.

The story's out there it's like fully out there and now the name of the game is just getting it in front of more and more people um. So to me, it's whether the people out there choose to do like daily updates and break this down and break that down uh. Does it change anything like for many many people out there who are involved in this play it's as simple as buy and hotel, and it doesn't matter with like this update video that update video. This guy broke this down on reddit.

This person broke this down on twitter. Does it change anything now, like the stories out there were on this? Roller coaster were on the rocket, and i i think sometimes it's almost interesting of people and like - and i i guess i feel this pressure as a creator of like with the amc and jimmy like it's out there like and as soon as, of course, if something New happens like that's always like, i guess fun for me of like when there's a new earnings announcement, i'm like oh cool, there's like something for us to like sink our teeth into and talk about or the new box office results, or anything like that, because it's Actually new, but in terms of like what this trade is, many of us have already been on the exact same page now for like over half a year and uh, it's not. The info is out there. It's it's not we're, not really, there's not new stuff, essentially being uncovered at this point, we're just seeing if our overall thesis is correct or not uh so does any of this matter in the long run, or will they just get fined pennies and continue their illegal Practices, oh, i think it matters a lot.
I think it matters a lot a lot um i mean. Do you know how many like think of all those dtcc nscc, all those rules? I don't think they would have happened with us and definitely not as expediently as they did and also like. Like i mean melvin blew up like we had various hedge funds that blew up that we're doing things like. I think we are.

Maybe it's not as fast as we want it, but i think that's the importance of like getting this story. It's the same story that we've known about and, to me i think, of the game of okay. We already have the story. The story is well defined.

It's getting the story into the most amount of people possible. Uh to me, that's the game right now. It's not like. We already understand it fully.

It's getting more and more people to understand it. Uh the story is out there. It's just how many eyes can we get? How many ears can we get to listen to this particular story, but as in like is it are we fighting this just like? Is it a lost cause or is it effortless or like or is it or is the effort worthless? I should say i i would strongly argue no and, like my evidence, would be the changes that is being made by the sec. The comments from from the sec, the comments from mainstream media, like our voice, is clearly being heard.

Uh as much as people try to tell you that they're like not paying attention and not listening to us and we're too small and we're not going to make a difference, i mean, i think, there's quantitative and quality qualitative evidence that, like begs to differ, it's a B-E-A-U all right, where are we at it? Is it's almost power hour we're a couple minutes out from power hour, amc currently trading at 39.44, gme, currently trading at 188.62, uh sp. Why here, i'm kind of watching that on the spy how's tesla doing, is that oh, are we going to hit 800 tesla has not been at 800 in quite a while, it's gon na be fun. I hope it hits it today. Why not? Okay.

800., like i said, i'm back in tesla, i'm ready to be heard again. I'm ready thoughts on bbig bbig bbig, let's zoom out a little bit right here. Let me so it gapped up and sold off. I'm generally, not a fan of that.

I think uh. The odds are probably supportive of a gap fill but down to what is this uh, 662 um and but from there it could just bounce and rip or it doesn't even have to fill the gap. Now it could rip and then come fill it but uh. I just think when you gap up - and it goes red generally from what i've seen that's a pretty bearish development in the short term to like just fill that gap sooner rather than later type of a deal on bbig, uh griffin was asked under oath, whether anyone.
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