Buy The Dip?!
Dumb Money w/ Matt Ep. 91
Want better Stock trading?
πŸš€πŸš€πŸš€ No PFOF, NO Market Makers: https://public.com/MattKohrs
πŸ’°πŸ’°πŸ’° Unusual Whales (10% Code: MoonGang): https://bit.ly/UnusualWhales
FREE Crypto ($25 on Voyager): https://bit.ly/VoyagerKohrs
Referral Code: MATT21
πŸ¦†πŸ¦†πŸ¦† New Rumble Channel: https://rumble.com/c/MattKohrs
πŸ¦†πŸ¦†πŸ¦† New YT Channel: https://www.youtube.com/c/MattKohrsClips
🦍🦍🦍 Noom (Free Evaluation & 7 day trial): http://noom.com/mattkohrs
πŸ’ŽπŸ™ŒπŸš€ Emoji Charting: http://bit.ly/TradingViewChartingSoftware
πŸ’ŽπŸ™ŒπŸš€ Benzinga: https://bit.ly/KohrsBenzinga
πŸ’ŽπŸ™ŒπŸš€ Moon Gang Merch: https://moongangmerch.com/
πŸ’ŽπŸ™ŒπŸš€ Discord: https://www.patreon.com/MattKohrs
πŸ’°Options Picker: http://bit.ly/Tiblio
πŸ’°Options Chain: http://bit.ly/MKohrsWebull
πŸ“ˆOrtex (7-day Trial): http://bit.ly/Ortex
πŸ‘»Cyber Ghost VPN: https://bit.ly/MoonGangVPN
FREE Crypto ($10 on Coinbase): https://www.coinbase.com/join/mkohrs_PQrr1A
Safely Store Your Crypto: http://bit.ly/KohrsNanoX
Socials:
πŸš€ YouTube Channel: http://bit.ly/MattKohrs
πŸ¦† Twitter: https://twitter.com/matt_kohrs
πŸ–₯ Twitch: https://www.twitch.tv/matt_kohrs
πŸ“· Insta: https://www.instagram.com/matt_kohrs/
Venmo: @Matthew-Kohrs
My Computer (Up to $200 off): https://artesianbuilds.com/?aff=Mattkohrs
Artesian Builds Code: MATT_KOHRS
Book Recommendations:
πŸ“–Technical Analysis: https://amzn.to/3p6QYk8
πŸ“–Trading Psychology: https://amzn.to/2Z3sjCM
πŸ“–Stock Operator: https://amzn.to/2N76K1j
πŸ“–Pit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
🎧 Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
🎧 Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#AMC #GameStop #MoonGang
Want to mail me something?
900 N 19th St
PO Box #3267
Philadelphia, PA 19130
* Be sure to write my name on any package *
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
AMC
XXXX Shares (Long)
GME
XXX Shares (Long)
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance

Gang hello, hello, hello, oh brother, oh brother, oh brother, oh brother, we are live again for the afternoon session today, wednesday september 29th. Let's get right after it. What is going on folks man? Oh man, not much of a not much of a way to sugarcoat it. I um i'm feeling some pain right now in my uh amc, gme position and, if i'm being realistic, i'm actually feeling a pain in a high high majority of my positions.

This is just it's pain, it's painful. Like i don't know, i i don't this. This concept of people trying to pitch up like no, no like th this, this drop it like is good. It's fine, blah blah blah.

No, if it drops it sucks like we're in this game, for it to go higher and higher. Now, with that being said, like do, i think this is like a done play no, because i'm i'm cognizant of what's happening in the overall market and i think that's important iwm is down the spy. That's been selling off the cues that has been selling off all three of these indices. They gapped up this morning and they've been selling off throughout the day, and this this is not um an ape stock, a moon stock, a meme stock, a reddit stock.

It's none! It's not specific to that. It's specific to the fact that people have no idea what's going on in the u.s right now with the debt ceiling and all that and we're going to hop more into that information um. But i'm seeing a lot of people and maybe i'm off base on this one, but i i really don't think i am of like a lot of people are saying: oh amc and jimmy they're, just shorting it they're shorting into oblivion. This is a short attack.

I mean folks the the data's, not necessarily agreeing with that um. For example, amc. It's a net return, they shorted, maybe 1.1 million - and of course they could be carrying over some from yesterday. That's a possibility.

Just these shares on loan uh. They don't. They didn't have to go short the day they were taken out on loan, but let's, let's just run with this number, this one million on gme 262 000. We we saw those numbers from the start of the day, amc's traded 32 million.

So that's that's about three percent. Four percent of the volume could theoretically be short jimmy. They traded 1.27 we've traded two. So that's about uh like one sixth like they.

They definitely could short. They they 100 could have shorted today. But a lot of this sell-off. I think this is people who are scared, not necessarily apes.

Like i'm sure there were some scared apes. You ended up paper handing it, but we have day traders. We have swing traders, we have institutions, we have market makers, we have high frequency traders, we have banks, we have pension funds, we have the etfs that hold these, as as the etfs go down, they're gon na sell and at the end of the day, whether it's A short or a person getting out of a long position selling is selling that that that's all that we care about, if you sell to create a position you're going short. If you sell to get out of a position, you're cutting a long position, but it doesn't matter selling, is selling there's no difference in terms of the material impact on price, whether you're, short or closing, along because selling is selling hitting the sell button is hitting the Sell button, so i mean at a certain point, like i understand um like trying to discuss okay like is it short like what's going on in the short interest, but for us it really does come down to the line of like just what is the stock doing And if i had to throw out a thesis right now of amc, gme the stock market at large people just do not know.
What's going on um, they they don't. There's we're in a period currently of uncertainty and when there's uncertainty and i'm referring to the debt ceiling and defaulting on our debt, the market hates uncertainty, it absolutely hates it, and you see what's going on right now, uh when there is uncertainty, and it's one of These things that when that uncertainty gets resolved well then the market just starts pushing higher, but right now, as we get closer and closer to midnight tomorrow, that's the government shutdown and then, if they don't figure it out by then then we're kind of looking at the Default of debt, which i believe is october 18th - i think it's october, 18th uh pretty sure about that. So with it right here, uh this. What you're going? What you're seeing in amc and gme? It's not what i'm seeing it's not specific to amc and gme, and i i think, a lot of people, especially the apes when i like.

I was just scrolling through on twitter. There a lot of the people uh like they, they kind of almost act as if amc and gme are the only stocks in the entire stock market. Right now it is a sea of red. This is not some, maybe a portion of it is some sort of short attack of like the people who have been, i guess, trying to handle this amc gme position, maybe they're attempting to use the overall market's weakness to drive it down by an exceptional amount.

I mean amc is trading at 36 right now, it's down it's not even down that much. We've actually had worse days. It's down sub three percent jimmy's down 1.1. We we've all been through it, there's a good chance that, if you've watched more than one of these streams, there's a very, very good chance that you've seen worse days than today, um so for me it sucks.

I look at my account it's down a lot like i'm, i'm feeling the pain today, but you just said th. This is what the market is when i'm saying: hey, ding ding ding, the casino's open you're, not always winning in the casino, but really i i wouldn't even count it as a win or loss until it's actually locked in so for me, not locking in anything related To amc and jimmy it's just another day, but i'm right there with you, i'm sending it like this. Is it's painful, it's painful and i like i'm not here to, i guess like in a certain sense like you like. No i'm i'm sitting in my chair.
I'm feeling the pain exactly uh with all of you and i'm hoping that, like we have extremely better days ahead, but i'm not here to be like. Oh no. No, we consider this consider this. It's everything's perfectly fine, no red days suck red days.

Suck green days are awesome, we're having a red day uh, so patience, calm, cool, collected waiting for the next green day, and hopefully it's a gigantic one um before we get into some of the things going over. Like the overall market, speaking of this kind of manipulation and hedge funds and what they do or don't do, i think this is a very, very interesting clip and shout out to rogue the legacy for sending it my way this is currently on super stonk. It is written by random guy, that's cool uh, so shout out for posting this um very, very interesting, so rogue the legacy sent it to me on twitter. It's posted by randomguy, that's cool on super stonk about 14 000 updates of votes.

Excuse me very, very interesting. Ex hedge fund, ceo mark, confirms that market makers use deep in the money calls and puts to create synthetic shares that they then sell to retail investors. So, let's give this a listen, very, very interesting, but your deposition in that lawsuit is very damning of goldman, including its use of options, conversions to create fake shares to trade or lend out, and i read that goldman tried to seal your court transcript. How did you find out about the options conversions and how did they work? What goes on what you say with your fine, basically i'll simply say, crime pays.

So whoever is out there watching this. Whoever listens to what i have to say. Listen to this carefully, your brokerage firm does not give a rat's ass about you. Robin hood could care less about you.

None of these brokerage firms could care about you they've all paid significant fines, citadel's paid huge fines, robin hood's paid fines. All these guys have paid fines and it's basically like paying a speeding ticket. They just don't care, they don't care, they don't make changes, they don't give a rat's ass about you. So when we did this deposition, if you will, i couldn't stand goldman, i couldn't stand.

Overstock my lawyer shapiro, who was with me at the deposition, told the goldman lawyer: do not ask mark about goldman and what goldman did with the firm stay away from that, because that is red meat in front of a jaguar and sure enough. The lawyer did - and i just lit into him - and i went over exactly how goldman does business and - and you know these conversions if you will are or and or should be illegal, but there's a little loophole in in this that i'll get into later. And basically, if goldman and or market makers, market makers in stocks and in options can be short, the stock without a borrow, they can short you stock without them, borrowing it and they sell calls. They sell deep in the money, calls for a premium and they buy deep in the money puts and they sh.
They then sell you, the fake or created shares where there's no borrow and you have the shares and when the borrow gets pulled or bought in. They simply reverse that trade. Let's say for june and roll it to july, and then when the issue happens in july, they roll july into august, so they keep rolling this trade as long as the customer wants it without ever having to deliver the shares. Now, there's a loophole that says: market makers do not need to borrow shares to keep in quotes.

Air quote a fair and orderly market, and this is where the so-called naked shorting or shorting without a borrow, comes from citadel. If they're a market maker in this day and age can be short, all the pick, the name you want and they don't need to borrow, and they don't need to pay the borrow fees, because, if asked they're, maintaining a fair and orderly market, so market makers can Legally - and this is the irony of this whole thing can't legally be naked short of stock without a borrow, because that is the law, and that is the rule. So a couple things to talk about there crazy crazy. Once again, if you want to find it, it is like to re-watch it or something it's on super sunk on reddit um, ex-hedge fund, ceo mark and it's written by random cool guy.

That's cool uh! So shout out to all of them and shout out to rogue delegacy for sending it my way. So a couple of things to dive into on that, let me bring up the the chart just so you can see what's going on here um when we talk about naked shorting and naked shorts and synthetics, and who can do what i i think it's very important To think about it in two different tranches, so tranche one is a little bit easier. Like this vertical's a little bit easier to understand, you basically have a party who's going to the broker the prime broker. They say they want to short and i'm talking about like a hedge fund or some bank or something like that, but not a market maker.

Think of like just a quote: unquote normal stock market participant think basically think hedge funds think retail some something. That's not a market maker, they go to their most likely. Let's say the hedge fund goes to the prime broker. They're like i want to short, they say: okay cool, do it and then the prime broker never locates the shares or they have a tough time.

Locating the shares the hedge fund already went short, though, because they didn't locate the shores, it's a naked short uh. They sold something that they never had. This like ownership of uh, so that's very, very important. That's like one entire vertical the other vertical and that that's naked shorting right there and that produces ftds and all that good jazz.

The other vertical is the type of naked shorting that is done by market makers, so market makers are providing liquidity, they're building out the bid they're building out the the the ask on both sides, the bid, the ask of the level two a lot of those shares That you see there are from market makers, so like mark was just referring to and and that's like it's it's one of their things. That is it's in their own definition of a fair and orderly market. The market maker does what they want in this system. They can fill out the ask as in sell stock.
That's legal like even if they don't have the shares, they could say, be like no. This is for a fair and orderly market they're, their own judge, jury and executioner in this situation, and i find it baffling. I truly truly do so once again we're in the second vertical we're not talking about prime brokers, we're not talking about hedge funds. I think that one's straightforward, they're selling, something the prime broker, doesn't locate it.

It becomes a naked short blah, blah blah ftds. Second, one is when you look at the level two on a weeble you're, going to see the new york stock exchange and i think that's a good example, the nysc. That's what weeble has on there's the bid to ask a lot of what you see is from a market maker and that's sometimes when, when you hear the terminology short exempt, that's talking about market makers because you're in certain situations, such as ssr short sale, restriction where Stock dropped 10 relative to its previous day is closed, so people aren't supposed to short it because the dog pile impact, if it's trending downward, if it's going up on ssr, you can still short it, but anyway you see the stock selling off right. It's on ssr and you're like well, hang on like who's shorting.

It then, why do we have this thing called short exempt? It's the market makers. They are selling stock and, in this case, they're exempt from it and not what's like the real doozy of it. Well, they're exempt from it because they're looking for like a fair and orderly market, and they just they don't want things to get out of whack by their own definition, but the real kicker to it is they can sell when you shouldn't be selling and on top Of it for them they actually don't even have to locate the shares like it is literally by their own freaking whim. That they're like now, let's sell more, which is to me it's so crazy.

It's so crazy and it's unchecked now, maybe maybe there's some sort of functionality of like okay. Well, we want people to sell because maybe someone's in there is trying to buy and no one else is selling it to them because they're scared. So maybe it's just at a certain point. You need to be able to express some level of demand.

I get that i i really do. I bet there's some sort of fancy phd level argument, but what i don't get is, when you have all this seemingly omnipotent power surrounding the market, it's very bad when that power is controlled by one person, citadel securities and sometimes the duopoly of citadel securities and virtue To me, when you're, giving one entity that much power and they're their own self-checkers that that's that's a recipe for disaster, i mean we recently saw about citadel, they were bragging about it. We are the pre-eminent market maker. We provided all this liquidity.
No one else did that's not good. I mean you're going to hear of like the stock market is basically a house of cards, but right there, you have these people who they're they're bragging about it. They think it's a good thing that they're the one person that tells me that, in the scenario where like hits the fan, it means we're that much closer to like easily failing uh. I don't like the fact that our our safety net is is essentially one or two market makers who it doesn't take much for them just search sec, fin refine and put in either name and you're, going to find a slew of them, and that's just the ones That we caught they get hit with a little speeding ticket.

So it's not like we're dealing with some like altruistic, non-for profit liquidity player. These people are in business. They care about their bottom line, we've, given them a lot of power and what they're doing a lot of it. It's still by the definition of like our current legal system, it's above board, that's the crazy part and ev they we have given them free range to run, and a lot of it is above board of like no, what you're doing like that's, actually legal, and yet We still catch them for doing illegal things, we've given them so much room to run, which i think is a horrifically stupid idea, and on top of that, we're still catching them for things.

We are still catching them for things, we're like dude, the rules are lacks and you're still playing outside of the rules. It blows my mind, blows my mind. Uh, i think that's a cool video and the way they do some of it of to show that they're good on the positions kind of from a technical perspective is you're selling super deep in the money calls as in like very low strike price and then you're Buying super deep out of the money puts, which is a very, very high price uh. So in the money super super in the money calls very low price super in the money puts out right like super high, like they're, both going to be in the money you sell, the calls you buy the puts, and basically that is in a sense what allows Them to roll it from month to month to month, and that's how they're not uh, not from a technical term but really just from a colloquial term.

That's how they're not defaulting on anything is because they're like no look at we. We have it right here when really they don't they're, just rolling it rolling it rolling it rolling it and all that that's not illegal right now, like anything that i'm going over right there with you not illegal, which is just it's absurd, it's absolutely absurd. So, oh actually, the other thing i did want to uh rogue legacy. Why is this not coming up hang on where's his account where's rogue's account.
Hopefully he tweeted here. What's it ro? Why was rogue the legacy not coming up? Did i misspell it rogue the legacy? All right, that's crazy, uh, i'm searching it and spelling it properly and it doesn't even come up wait. What am i? I have to be misspelling, something? Oh yeah. Okay, the? U is off anyway uh, so he sent me that video, but what's also very interesting here - is this one speaking of things that are actually illegal check this out? This is posted by ac speed on amc stock uh three hours ago, but once again, this is on amc stock, subreddit, ac, speed, uh.

So now we're talking about actually like, like legitimately illegal things, and if you want to check this out yourself um, it is posted in one of my recent videos but here's the actual document of like kind of what's going on and people are really diving into of Just some of the just pure insanity that we end up having to deal with and right here uh. So this is 220 and actually let me just check this just to double check that uh. We have the exact same source here. I only want to give this stuff out if it is accurate to the t2.

220. 220. 220. Where are you 220 is on page, so, if you're finding that the court document yourself, this is a very different 220.

um. This may cause some big moves. Hang on. Let me ctrl f this may so.

Actually, where are they getting? This hang on. This is the issue of when people don't post their sources hang on hang on. I don't want to give this too much airtime. If i can't confirm the source myself, i sold yeah uh, where did they get this 140 each time robin hood customer trades market makers um? If anyone, i thought this was from the court document each time, i'm having a tough time tracking any i i just wanted to confirm it, and now i'm having some problems.

Myself hang out one quick, second yeah. So if you're using the case 121 md-02989 cma um, it does not seem to be what i'm seeing here. So anyone i'm just very curious and before i give it like too much airtime, i do want, if you have the actual source for this stuff, send it my way, because i like i'm, just trying to confirm it because there's too much honestly, there's too much false Information that goes out there and when people do this, like, i don't see the problem like if you're gon na post on reddit like have at it. That is great.

It's how we find stuff, but why not post the source like people love to screenshot and it's so easy to alter any page you need like you, could take change the text. You can change whatever you need and then just screenshot it and put it up there. Um, i'm telling you if you happen to be like an active user of twitter of reddit of any of this. I beg you, please, please, post the source, so people can like double check it, so we're all, on the exact same page, very, very incredibly important.
All right, let me go back to this, so i'm taking this off the screen for now until i just can get the actual source. I'd rather go into a source rather than a screenshot, because there's enough info out there, uh house will vote on the debt ceiling, suspension that is doomed in the senate. Well, this doesn't seem good uh. What do we have house will vote on a debt ceiling, suspension that is doomed in the senate? The house will vote wednesday on a bill that would suspend the u.s debt ceiling.

According to speaker, nancy pelosi. Republicans will reject the legislation in the senate as they say that it will not support a debt limit, increase or suspension. Democrats are trying to prevent two potential crises this week, a possible government shutdown and a first ever usd fault. Well, something has to be going on in more of a positive term, because we just saw a big upswing from 150 to 215 um.

Definitely notable upswing, so is something positive happening cei. I see a lot of people talking about cei cei is like a madman. Wow, hang on i'm trying to find a point for you guys steven what a rip, what a rip all right, we're at 480 640 - maybe wow cei up 50 on the day congrats, if you're in cei, congrats congrats congrats, i'm just trying to mark out some levels That everyone could realistically use all right. So hopefully this gives someone a little bit of assistance.

How do i just jump over here? All right? There we go wow cei's on the move, um. So, just from some of the technical things i saw a while ago, i mean this: is nice volume, 630 million it's above 410? You can watch 640 and then 760 as possible levels like this is just crazy, uh seriously, if you're in it huge huge congrats, because there's not there's not many green things in the market today, and this happens to be one of them and honestly, it's been a Pretty easy hold for all of you all day, that is incredible: uh, so solid, like hey congrats to everyone who stuck to their guns on that one: uh, crazy, crazy, crazy! If market maker can generate share short shares and not pay interest to maintain the market. According to how they define that, then wouldn't that cause them to feel obligated to buy them back and what would cause them. So if they sell and they're short uh, i guess what would cause them is just balancing their own book, but they they could balance their book whenever they need to like.

So, let's say that there was some random stock that they are seriously under water on. They could just keep swinging that through the deep in the money, calls and puts as long as they need to until it comes back to normality and balance their book out. They they trade with risk, but i would argue, it's way less way. Less risk way less risk than like any other normal stock market participant carries.

Why was cei so expensive before 2020? It wasn't that's the the difference in price. You see that in a lot of weird stocks like, for example, pull up ctrm, it's through stock, splits, reverse splits uh, so that that is going to end up altering it. But it's not like cei was ever trading truly at those values when they change the split and go back retroactively. It looks like that.
So i guess, if it looks a lot higher, then it would now look like a reverse split, so it looks like cei. Probably did some sort of reverse split. I could double check it c e. I stock reverse split um, yes, uh, so camber energy back in october of 2019 did a one for 50, reverse split, so that would be almost like a like one for 50..

That's! That's! Quite a bit of difference, so that's that's almost 200. So that's why it looks so different is because of the reverse split. It was never actually trading at that numeric value. But now, when you redo it, that's like why, for example, when you do a normal split of like tesla or apple, the price all looks a lot lower, even though, like previously, it was actually trading higher.

A reverse split. Does the exact opposite halton cei hall? Yes, siree bob uh, so this is just a volatility hall: it dropped. It had just too much volatility too quickly. So it's a a circuit.

Breaker halt. Crazy, oh spy congressional budget office says if the debt limit remains unchanged. The treasury's ability to borrow using extraordinary measures will be exhausted and it will most likely run out of cash near the end of october or beginning of beginning of, where is this beginning of november crazy, crazy, whatever man, our government right now, they're, definitely in some sort Of pissing match some sort of pissing ma v, ips tiblio call lev ea under armor, even uh. What about the bear squeeze? What are they saying for bears wayfarer vmware royal bank of canada? These are just some things.

Uh. The first set was a bull squeeze. What i just called out is all a bear. Squeeze i'm curious to see how cei opens back up.

I wonder if people are just gon na be like oh 50 cent discount right here, congress votes to legalize marinara today. Is there a certain stock? You suggest to keep an eye on tilray and probably the sector etf mj. What would be a hypothetical bond put? Inflation continues. Also, thoughts on boeing puts with china.

News would be a hypothetical bond put play so when i play bonds, it's all through the treasury market. In the stock market or sorry, the the futures market for the stock market, you would probably, i think, the main one, probably the highest volume. One is tlt which, as you can see, the bonds are going down because the yields are going up. So tlt is probably the most highly traded bond play tlt.

As for boeing ba boeing honestly, like i, i know what you're saying about china did it gap fill today, maybe close, very close to a gap. Phil boeing, just not moving honestly like it shot up and now we're just kind of sideways. It's not the same exact level. It was at at december of last year, so boeing right now, not being a big mover by by any means luck of the irish just sent you a source link on twitter, irish on twitter uh.
Did you dm it or tag me? Would love to bring this up up irish on twitter, irish, irish, irish? Maybe you messaged it. Maybe you nope! I have no like the dm thing is so weird i don't know what's working it says. Well, no, a dm just came in from eight minutes ago. Uh.

Irish, not not finding it uh i figured it out. Is it is that document they just screenshotted different points and put them into one image for reddit? That's the document, though okay, so it is the document and is there? Are we sure about? This? Is my search mechanism just like not working? Okay, i think i might have found some of it. Yeah hang on. Let me double check some of this 12, 15, 16, 140 and 2, 2, 2, 20, 12, 15 and 16..

Let me just double check that these are all right, because then i think it brings it together. Uh robinhood knew the highest level robin hood: okay, yeah, 12. 15. 16..

Each time robin knows, customers trades each time. I think. Okay, sweet, i'm happy that we're not 140.. Okay, yeah, i know i don't know why this search wasn't working before, but it looks like all of them are verified cool.

Now we could dive back into actually this uh now that it it's that exact same one um with the the case court hearing that everyone's been looking for or like, citing anyway um. If you want that is found in on both coors light and matt kors, the one where i talk about jail and robin hood and citadel and collusion, i linked it in all those, so you can find it, but anyway, now, okay, i feel a little bit more Comfortable diving into this, let me just zoom in really quickly here all right. So once again, this is posted by ac speed on amc stock, subreddit feel free to check it out and thank you ac speed for putting it together. According to the former citadel security senior, vice president in an internal chat with citadel securities head of execution services on january 28th, keep that in mind at 1 48 pm robin hood, moving the following equity to positions to closing only amc, jimmy and some others.

Remember. That's pco position close only all pco citadel acknowledged. This may cause some big moves: emphasis added when asked about options at 155, so that i said options moving to closing all only in all symbols. So this was january 28th, which is kind of interesting.

So right now they're just acknowledging that it's going to move this necessarily, i don't think would be from a legal standpoint. Consider be like: oh did you use your position to somehow influence it? They just knew that it like would cause issues but uh. That's not really. The interesting thing about this post - it does get pretty interesting.
Um robin hood knew that the highest levels of the company that its risk management system was strained to the breaking point. During the week of january 25th, robin hood securities president and ceo chief operating officer wait a minute. The c-o-o isn't that gretchen howard, isn't the c-o-o gretchen howard, wait what yeah gretchen howard robin hood's chief operating officer? Oh wait robin isn't president! Is there like two different meanings for coo here, uh gretchen howard is definitely the chief operating officer hang on. Who is this gym, fella and jim chief aubry of robin? Oh, oh, okay, robin hood and then robin hood security? Okay, hang on hang on! This is okay.

You have robin hood's chief operating officer and then robin hood securities chief operating officer. That's the difference! That's why there's two different cos just so. Everyone knows who, anyway, roman and securities president and ceo jim different, robin hood securities versus robin hood, who tentative points to as making the ultimate call to pco says in an internal chat on the 26th tuesday. So basically the 26th is tuesday, so you have thursday, wednesday thursday.

So friday is going to be the 28th. I sold my amc today fyi tomorrow morning we are moving gme to 100, so you are aware, that's bad! That is bad. I don't know if that's necessarily insider trading, but it's super illegal insider would be like you have insider knowledge to the company. This is like insider knowledge to the biggest retail brokerage platform.

You cannot abuse your position like this, even after the nscc exercised its discretion to reduce the capital call to protect the system from robin hood's admitted default. Robin hood held fast to its decision to implement a position closing only policy deciding before 8 a.m. Eastern on january 28th, pco top four symbols, blah blah blah. Despite acknowledging, we aren't paying 3 billion worth jesus, so so bad, each time, robin hood customers, trades market makers such as citadel securities, actually buy or sell shares and determine what the price gets.

I don't know why this last one is necessary there from pays to me this acknowledgement under 12, which you can find in that court filing uh 12 and 15 whoa whoa whoa whoa, that is, that is some messed up stuff to do uh they they knew it. They acknowledged the type of impact they would have and they use that to trade on it and i guess they sold so they just they got out at a good point, uh, which is just wild wild wild wild they're moving it fyi. Tomorrow we are moving gme to 100, so you are aware, like holy crap. This is so bad like.

I know that it's such an absurd abuse of your opposition and your power um in this one. I don't know if it's necessarily indicative of like illegalities on citadel securities part but like to me honestly. This entire document is more and more proof of how messed up robin hood. It is, and the lying that was constructed between vlad tenniv, gretchen, howard and jim swart.
Suart, jim, whatever this gym is swartwood swart w out sward out swaddle whatever that name is crazy, last name but uh. The more and more, like i've read through this document. Now, like a handful of times like more than i would like to admit, and the more that goes on with it, it's just ridiculous and it seems to be super super super bad for robin hood and pretty bad for citadel. But once again, the citadel thing, the evidence that needs to be produced is proof that they use their power and influence uh for the whole pco thing.

The position close only like there's a litany, there's an entire book of proof that they talked like. That's not the proof like we know robin hood and citadel talk like that's, not a big deal whatsoever. The interesting thing of like when we're talking about like perjury and jail time and fines is, did citadel, use its position to influence robin hood's decision to do pco. But beyond that robin hood, it's in them it's in a mess right now, so you have one day: gretchen howard, the ceo of robin hood, not robin hood securities of robin hood, saying major liquidity problem very next day.

Vlad tandem says no liquidity problem, and now, on top of that, people are starting to point out that even the acknowledgment as they're, just like casually talking about it between robin hood and citadel they're trading on it, they 100 knew what their decisions would like prompt and Cause and they traded on that before it was public information. You cannot do that uh, it's! I don't know. If it's technically insider training, i mean that's like the definition of how the sec would define all of that, but that's insane like when you have things like this being stated. I sold my amc today fyi tomorrow morning we are moving gme to 100, so you are aware how how do we live in a world where these people aren't, like, i guess, thrown into the gauntlet? And then you have people like keith gill, who are pulled in front of them and they're like you were, manipulating the stock, and then we have ding dongs like jim cramer and charlie, who are like this.

Is social media manipulation they're doing this they're doing that? What are you talking about? This is the legitimate insider training or whatever. It would legally be called and manipulation by these guys and yet they're just trying to say: oh, it's social media, this guy on youtube this guy on twitter, like what are you talking about? It's so it's so crazy. It's such a like, intellectually dishonest argument. It's! This is what this is.

What we're battling against? This is 100. What we are battling against and for me, amc and jamie have become the symbolic fight against that of everything we just went over and the things that we've been calling out and been like. Hang on, like what the hell is, all this. That's what amc and jimmy to me is it's, it's very far removed from like a normal stock.
At this point, i think of i, i think, of amc and jimmy, of course, as a stock, but nothing else, that's ever happened in the stock market and definitely no current stock is of the same level of amc and jimmy to me, amc and jimmy. I hold it, i'm not going to guarantee it squeeze. If you're listening to me right now, you cannot guarantee a squeeze, because it's this kind of crap we're fighting against they're politically motivated. They have basically like an endless supply of money.

They have an endless supply of power. Anyone who's trying to tell you that this is like. Oh, this is an easy fight. We have this in the bag like this has to happen.

Xyz has to happen; no, it doesn't not in the least, but i'm also at the point in my life, where i could take this risk. Um right now, like days like today, my account's seriously seriously down, but i'm also prepared for my current investment to go to zero on amc and gme. It's honestly that simple and i'm i guess in the position in my life, where i could take that risk. I'm not saying that risk is meant for everyone.

You got to do what you got to do, but for me - and i know for many people listening right now. This is the fight that i'm willing to engage in. I am willing all the money and time and effort that i put into it. I am willing to risk all of that this.

This amc gme thing, i'm exactly what we've been talking about between market makers and these brokerages and really just like some of the clear inherent issues of our overall system. Amc and gme are a symbol of trying to fix those problems. Um will amc and jimmy be the ones that fix it? I don't know my fingers crossed that yeah, but i don't know and anyone that's telling you something has to happen they're so full of they're as full, as as like as robin hood and citadel. Anyone trying to guarantee anything they they just don't know what they're talking about whatever you do.

It's risk reward the way i view it. Amc and gme are clearly they're in a league of their own. They are symbolic of the fight for market transparency, market fairness, but anything else we talk about. Well, i look at those as like legitimate trades um.

I you shouldn't be talking about at er, bbig sprt g-r-e-e, any of these in the same league as amc and gme. Like i need to make this very clear, i put amc and gme in a category where every single cent i put into it - i'm willing, at this point in time to just go to zero and there's not going to be much that changes that i guess until What we we fix, these rules until the mother of all short squeezes, actually occurs. Okay, like when, in those events we'll talk, then, but in the meantime, nah everything else, though we're talking about cei, iwm s, the spy tesla any of these other stocks. Well: okay, folks, that that's an active trade, that's where you have to measure out your risk, your reward, and i guess amc and jamie you're, still measuring out your risk and reward.
But it's a lot more higher level or, if you, i guess you do it. I just set my risk to zero, so like okay, that's what it's at, but things like cei, all those, no one. No one ever should be, comparing any other stock, the methodology that is currently being applied to amc and jimmy to any other stock. I think that's very, very dangerous, and i think that could be a recipe for disaster.

Um we've seen this new breed of trade. That's i refer to as as an ftd short squeeze play and that's where people have been like starting to pay attention to these other stocks and hey. It's made a lot of people a lot of money, but it's still a different type of trade. So if you're listening right now, i'm just really really trying to drive home that point, because i don't want anyone thinking that they could go around and treat other stocks the way we're currently treating amc and gme um it would.

I you just can't do that all right. What do we have here? Mark sinclair your voice sounds tired or sick. My wife is an er nurse, an mp in philly. We would love to help if you need you could reach out by the way and run for mayor of the rust belt going also nope kevin, i'm all good.

I appreciate that that is uh. Wait hang on what is this a very very kind offer, but i mean, maybe maybe my voice is a little rough right now exclusively because i during break checked out how much my account was down and that wasn't the most fun but hey it's another day. It's another day in the trenches cei halton halted, halted, halton uh mj vote in one hour, thoughts on till rate. At current value i mean it's gon na, if till ray, if it gets passed and voted on in the yay category, uh tilray mj severely undervalued, but i guess people are just waiting on it uh.

I find it odd that it's down 3.4 percent on a day that might cause it to go absolutely haywire um, it sounds kyle. Are you saying that the votes at 4 pm eastern, it's kind of interesting to me that the vote would be right at market close? So it sounds like we might be getting some overall movement in uh in the marinara sector, depending on how this vote does happen, or it's like actively happening. Someone said down 16 right now or i well there's various votes like right. Now we have uh, hang on public all right.

Do that um interesting. I know it sounds like okay, we have the marinara vote, but then we also have whatever's going on in the house for the debt hang on. Let me see if there's any quick developments on this stuff, cei halted now twice all right, all right! No! No! No! No! Here, i'm just going to some for the news of like when i'm just trying to get like a very quick update. I really like to check zerohedge on twitter and also walter bloomberg.
Uh senate will vote to avert, shut down pelosi reschedule the infrastructure vote after progressives, refuse to budge geez geez, louise and now yield spiking feels like some huge risk par rebalancing was cei halted again. Yes, it was mr boule uh. We actually now have two halts. It was just halted at 2.

2 p.m. Uh. 2. 40.

48. So what was the most recent one? It's going to be a 10 minute halt, so at basically, 2 51 it'll be unhalted. So it looks like whatever 251 is, so you have a couple minutes uh three minutes. Four minutes: 2.

51 p.m. Eastern unhaul on cei - and here i can throw up cei there, but i'm trying to find any info on this marinara vote seems like it could be kind of interesting. Where is it does walter bloomberg? Have it walter bloomberg? Uh white house says we knew it would be a compromise on top line amount for budget bill. Robin hood says: content partnership with snapchat to bring snacks brand for a financial content to snapchat's mobile first audience.

Why in the world is snapchat doing any partnership with robinhood us dollar index rises all right boeing, u.s air force, contract c-17 sustainment partnership with phase contract valued at up to 24 bill uh fed reserve repo usage rises to a record 1.416 trillion. Pow, stable coins can be very popular. We need to be careful as they are outside regulation. Well, of course, the federal reserve and our current power, like hates crypto house plans, to vote on debt limit today.

So did the house actually conclude their vote? It sounds like it's going on right now, uh. If someone in chat knows where we're at on either of the votes, it would be appreciative uh to share robin hood. Wants access to the nudes, uh, cei or tech checks looks like a classic short attack. I don't think so, no way.

No, this is just selling. I mean look at the volume, a short attack. I don't even know if there's that many people loaning it out, i mean the amount of volume that we've traded. Now, in the past i mean this is like when people say a classic short attack.

I i guess i almost get a little confused like what about the chart is a short attack like it just looks like people sold like on a chart, selling looks like selling like unless i'm completely missing, something selling is selling people locking in games. It got halted and people freaked out so then that caused them to sell more, but like did they sell more to create a position as it go short or was it longs who have been in this ever since? What the past three weeks or like whoa, we have a crazy run. We see some serious weakness time to lock it in all right. Let me give you the ortex numbers, let's dive into some of the math, let's see, what's up uh cei cei right here: okay, so ct cei, they borrowed almost 18 million today and the short interest is estimated to be at 44, so they borrowed 18 million.
But we've traded almost 700 million 684.. So let's just do whatever this number would be. What is it 18 divided by 684 um, that's two percent at 2.5 2.6. We could even call it 3.

So really not much of today's volume is in any way uh. It's just not a big portion of it 18 mil when we're talking about 700 mil to me this is going to be the mixture the mixture in the mixture of like i guess people are panicking now, which is this seems crazy. This seems absolutely crazy um. What was that other main oil, one that people were talking about, i wonder, did something get announced with oil, or is this just like wow look how quickly these gains got undone today right before power hour.

This seems really really strange on cei here. I'll go to the minute just so you could see it a little bit more acutely, but once again um for cei utilization around 75, probably higher. Now, because there was a net borrow of 13 mil short t. Short interest is 44.

Those are some impressive numbers. If the vote doesn't pass, you think we see more red in terms of the debt yeah uh if you're referring to the debt ceiling. Well, also, if the vote is no on marinara, look for tilray to continue um its trip downward. It is down a couple percentage points today, um, but yes, yes, yes, yes, i do uh.

If the vote is no, i would expect more red man. I am way behind my apologies. This is from ken griffin earlier when i was playing that ceo uh. The mark video, he said, don't play that video, if that's the case, so why we in amc for a huge squeeze play then by that guy's video means that the squeeze will never happen, uh.

No, no! No! I wouldn't interpret it that way and my like quantitative evidence, for it would be look at what happened in june. Obviously, we have the capability of running from sub 10 to 72. So it's not like there's still, hedge funds, who are short and that's why i was explaining the two verticals uh tommy from the bronx, is that's why you have to understand the difference of okay, like market makers can do this, but hedge funds are still going to Run for the hills, um, and that's very, very important to understand of like when you're talking about the people who are shorts and naked shorting. You you're talking about two different camps and it's very bad to conflate.

One with the other it looks like cei, was halted again this time for an upside volatility halt, but anyway um this. This is exactly why i was diving into the two verticals uh 100. While i was diving into the two verticals uh, people, like the hedge funds, do not have such a easy way of kicking the can down the road, but even with that, the by that guy's video means that the squeeze will never happen. I i don't buy it because, like we still makers and hedge funds, not not much has changed, and we saw still got gigantic movements in gamestop and amc if the market makers can generate short shares and not pay interest to maintain according to how they define that.
That would cause them obligated to buy back. They just don't want to carry the position indefinitely. Tlt would be for the bonds does ortex include citadel over to short interest. I feel like that is important question to ask.

We need to make sure no, because that that's not happening like on exchanges like they're just doing that by them so well depends on their short interest. The short interest is prime broker is loaning. It out there's no way that a market maker would be going to a prime broker to take a short when they can almost act as like their own facilitator. So a citadel vertu short interest would not be included in ortex, because the ortex numbers are being sourced from prime brokers.

In no way would a prime broker be approached by a market maker for its own position, what happens to naked shorts if a company is bought with all cash love you matt um, i cash, probably wouldn't change uh. Wouldn't it really matter here what happens to naked shorts, so you're talking about someone is short without ever out. Locating it, it's still probably the same thing as normal of well one. Okay.

Now it's like what kind of shorts are you talking about? Market maker naked shorts? Are you talking about prime broker naked shorts um? If it's prime brokers, it's still the same as normal of like the the onus is on them to fix the position um and with that that'll be easily tracked by the dtcc. The nscc of like hang on. You have all these ftds like what's going on, but then it gets into the really complicated argument of, like literally storing them offshore, in a warehouse in an ftd warehouse but um in terms of buying it and with cash. That's not really going to change the scenario.

Uh non-financial advice sell all your stock buy diapers only it works. For me, that's from kennesey griffin, thoughts on usws is this another oil one that's going crazy, so i feel like something had. Was there some development in oil because look at right here? This is the same timing. It seems like oil uh, this oil.

What happened was there some sort of update, because it wasn't just cei good compromise, i'm trying to see if there's any oil related update or energy related update or something uh natural gas dropped. Seven percent on warmer forecasts, large one day decline largest one day decline, uh. So it sounds like there's. Some sort of report that came out uh on weather forecasts october is supposed to be warmer than normal, so that is taking some sort of hit on the oil gas world right now.

Hemet is worth holding amc at this point. If the system is rigged and will not go in our favor, what is the likelihood for amc to squeeze um? I don't think there's any mathematical way to say: oh, the the percentage of the squeeze is at like x percent. I don't know if, if there is i'm not aware of that model, um to me, it's worth holding amc. But i can't answer that for you uh.
I'm of the mindset of if you are noticing something that is inappropriate for the for the world for society and in this case it's detrimental to wall street, to me, it's worthwhile to fight against it. But that's all that's my own opinion um. It's all up to you, um all of you listening right now, there's a good chance. You know the entire story and the question is: does the story resonate with you? I cannot tell you what to do.

I am not a financial advisor for me. The story, the. What this story is what it was, what it could become, it's all worth it uh. When i i don't know, i guess my mindset on it is just because you notice something going on.

That's like and it's a tough battle. You don't just shrug your whole shoulders and be like. Oh okay, like not not worth it to me, it's worth it! It's not like we're fighting a god here i mean look at it. Look at the run-up in june.

Look at the run-up in january! Look at the hedge funds that went under um, it's a tough battle, but it's not an impossible battle and that's up to you. If you want to fight it or not, i'm fighting it because i think it's a very, very important battle to fight. Can you help me see the short interest and utilization rate on bbig bbig has a short interest estimation of 28.75 and uh utilization of 98.86? How is bbig doing bbig is down 2.7 on the day, looks like it's heading back down to 550. As of now, it got filled still showing weakness watch for 550.

If bb ig does not catch at 550, you might be saying hello to sub 4, maybe even three flat uh, so bbig. You want this to turn around and you want it to turn around now and, i would say the the support line. Hopefully, the price level where serious demand is found comes a little. I guess 50 cents south at 550., below that things could get hairy.

What do you think about hlbz chart? Someone asked about this today? Was a potential gap fill but shown a lot of weakness right here? Uh you could watch 1350. The way i would look at it is pretty simple honestly above 1550. I would look for the gap. Fill up to 19 below 1350, i would look for the gap fill to 10 50..

That's how i would play this scenario: amc inverse head and shoulders pattern on the daily candle chart. Uh probably already played out, though, shoulder head shoulder, shot up to 53. Shoulder head shoulder shot up to 53.. There was an inverse head and shoulder right now, or there was previously between july and late august, mid july, late august, but not so much currently yeah um.

I wouldn't i don't think so. I i guess i don't know what time frame you're on you said daily on the daily one. I think that one's already played out uh gasparino tweet, acknowledging amc. What is sorry, charlie doing? Uh i've been dubious about robin hood about the ramen conspiracy, but the sale of amc here looks pretty suspicious see below what are we being gaslip, so the the reddit that we went over of like robin hood people selling i've been dubious about ramen about the robin Hood citadel securities conspiracy, but the sale of amc here looks pretty suspicious see below is he are we in the upside down? Did sorry charlie, just like, say something that wasn't like completely attacking us, charles gasparino right here this i think we're currently living in the upside down uh.
So right here he's actually it's like a double uh. So right here the same thing we went over, i sold my mc today, fyi tomorrow, moving gme uh right here and then some this is from unusual whales and then someone tagged sorry, charlie in it and even he said, i've been dubious about the robin hood citadel Security conspiracy, but the sale of amc here looks pretty suspicious see below that. I don't what i don't know. I that's that's insane uh that right there folks we are living in the moment that shows anything can happen right there that what that?.


15 thoughts on “Ep 91 buy the dip?! dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars ley says:

    I wonder it ASXC could be a meme stock aswell? πŸ™‚ its really highly volatile

  2. Avataaar/Circle Created with python_avatars gil pulido says:

    SO FRUSTRATED ONE BAD NEWS IN ONE DAY CAN BRING AMC COMMUNITY DOWN, WHILE MATT IS BEEN STUDYING THIS CASE AND SUPPORTING THE APE COMMUNITY AND PEOPLE LOOSE FAITH WHEN STOCKS GOES DOWN.

  3. Avataaar/Circle Created with python_avatars GoDoddsStudios says:

    It’s the end of the month and No time to die is about to be in Odeon (AMC) cinemas in the UK. Only one thing to do. Buy the dip mudafuckaz. We love the stock πŸ’ŽπŸ‘πŸš€πŸΏπŸΏπŸΏ

  4. Avataaar/Circle Created with python_avatars Marian Parker says:

    The market is driven by; Narratives and emotions in the short run, Fundamentals and truth in the long run. Use this to your advantage.

  5. Avataaar/Circle Created with python_avatars Johana De medina says:

    Bitcoin is the future ,investing in it now is the wisest thing to do now especially the current rise
    Despite all the economic crisis this is the right time to start up an investment

  6. Avataaar/Circle Created with python_avatars d s says:

    I've seen the chatter regarding Expert James Trade. Is this the real deal?

  7. Avataaar/Circle Created with python_avatars BoB the builder says:

    If they want to target social platforms it should be illegal for them to publicly state a certain stock is going to go up in the future! Every single news outlet would be targeted under that.

  8. Avataaar/Circle Created with python_avatars john miller says:

    I want to wake up one morning and find out that my portfolio is $4, 000,000 . I know it’s possible.

  9. Avataaar/Circle Created with python_avatars Hannah Melchor says:

    <If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 6.5BTC from 2.4 BTC in just August from implementing trades with tips and info from Troy Owen….

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

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

  11. Avataaar/Circle Created with python_avatars Travelers life says:

    On October 4th 2020 1st on a Monday 9:30 a.m. New York time I will buy 10 shares of amc

  12. Avataaar/Circle Created with python_avatars DeeApe21 says:

    Rumor has it the hedgies are waiting for $29 then going to squeeze it to maybe $50/60

  13. Avataaar/Circle Created with python_avatars Roan says:

    $FAMIπŸš€πŸš€πŸš€

  14. Avataaar/Circle Created with python_avatars Gary Falkowski says:

    Songbird is the ticket

  15. Avataaar/Circle Created with python_avatars Superman_ape says:

    Thanks for your support Matt.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.