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Dumb Money w/ Matt Ep. 160
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Don't worry um, oh i'm gon na dig, don't worry gang, let's get rocking. Let me make sure all my audio levels are right over here. Well well! Well, here we are on power hour november 29th, uh brisk monday afternoon here in the philadelphia area. Probably the northeast.

In general, because it's getting to that winter time definitely cold cold cold. I sound better cosmic. I appreciate that folks, first time in my middle middle-aged quarter, life crisis that i've gotten one of those like ivs like where they just like jack. You up on vitamin d c, zinc, something that starts with the g and some b and b, complex and b12.

I called them up and i'm like hey, my name is thick cores and they're like say no more, we know exactly who you are. We know what you need. I was like how do you know that they're, like we subscribe to thick men, monthly and you're, almost at the top you're, not the top one, but you've made the magazine. I was like.

Oh that's so kind, it's always great to meet people i'm like well. Can you help me out and they're like we understand, you have very poor, sinus health and you sound congested as all hell? In fact, it sounds like someone put bananas up each of your nostrils and we'd love to help you out. I'm like sounds good and i went there got it first time ever and now i understand why all these these fancy people, like these musicians, um actors, like comedy performers and everyone - that's like on the road meeting people doing that type of thing, like a very busy Go go: go, go type of a life, it was awesome. I went to a place in philly and hey.

If you're, i didn't do it because i was like hung over anything. I just did because i feel like crap uh, but this was awesome and i it just comes down to hey water. Water is your friend, so it shows the importance of fluids hydration so especially if there's any students in the audience right now, if there's one thing, i want you to take away from this finance stream. The best finance stream on the side of the mississippi uh stay hydrated, you know, keep keep keep your brain.

Nice and hydrated keep your organs, nice and hydrated so feeling better, and i think i just need to continue my diet of zinc and daequel and sudafed and electrolytes and plenty of rest and we'll see how that goes. A interview on liz clayman, oh when's! It start am i missing it right now that would be an embarrassment fox fox fox fox watch, tv watch, tv fox fox fox, i'm pulling it up. What are you doing to me? Liz come on come on, come on all right, loaded, all right, she's talking about peloton right now. Do we have a time.

Let me look up. She usually tweets this out liz clayman. She said: uh, 3 p.m. Amc, ceo, adam joint, live on mass crush to land limited edition in mash crushed.

How big is the demand plus moon, uh, omni and kron virun it it's a can't, miss interview. Well, i have it up we're ready to go. We are ready to all right. So i know you guys can't hear it.

I can currently hear it when she starts talking about amc. I will let you guys know i will keep you all posted and we're not going to miss it, but if anyone through the rumblings here's a time, would you please take an approve 3 30. uh all right, let's see how this all goes, did adam aaron, maybe Tweet out the time adam aaron, adam aaron, adam aaron, adam aaron, did he tweet out. He did not i'm just trying to find a more specific time, besides the fact that it's in buyer or in power hour well, i have it up anyway.
So we're not going to miss it it'll be on any minute. Usually they all announce it all right if it ain't lit and hate. I, like that saying thoughts on g l, q n looks beautiful to me, but would like a youtuber's opinion. Let me check this out g l, what is it g, n q, l g and q? L g m um, it's a therapeutics.

It must have just had some sort of announcement, maybe it misunderstood, but the announcement went crazy to me this isn't a nice trending stock. I like to trade very like i want easy trades and pharmaceuticals is not the sector where i personally have like expertise or even a noteworthy amount of knowledge sounds like an announcement. It looks strong. I admit that i just don't know much about it and if i were you interested in this, you should dive into like what was just announced like what's going on with the company.

That's where i would personally start uh crypto um oops. Let me get this back up there. I liked that bitcoin, ever since this morning got above this trend line. Uh crypto bouncing back ethereum bouncing back uh 4400 on each bitcoin trading, just below 58 000 uh loop ring hanging out solidly below three dollars and then solano at 206.

Right now, if you're trying to get in on the crypto like the weakness and buy it before potentially, hopefully the next rip do not forget about voyager uh. Where is this voyager, voyager uh? That's the code you download it you put in that code, matt21, mat, 21 and as soon as you trade, a hundred dollars of any crypto, you get an extra 25 of bitcoin. So if you buy a hundred dollars of btc, you inherently have a 25 risk already built in, because that's what they're going to give you um? This is good for every state. That's not new york! It is a us-based thing if you want to go if you're outside of the us, i recommend checking out coinbase gemini binance kucoin kraken.

The announcement just came out a little bit earlier today that kraken uh will now have shebe. I think they just tweeted this out. Where is it new listing on kraken sheeb deposits begin now, training live november 30th, so literally in one day she will be live uh. So that's good for all of us to know.

If you want she coming out on kraken, they were a little late to the party. They were saying they were going to do it a couple weeks ago, but hey better late than never um. So that's exciting, she speaking of which that's the excitement that we're seeing. That's why i put it in look at this sheep bouncing off of 39.
All the way up to 43 at one point hit 45. Would love for sheep to recapture 50, but um as more people are exposed to it. If they have a cracking account and nothing else, that's more exposure of people who want to get cheap. So hopefully that is representing more demand.

Uh. I have all my crypto on weeble living on the edge uh. I mean good luck with that i mean. I definitely be careful because wait.

What is this? Oh jack dorsey is stepping down um with weeble. Remember you don't actually own the crypto, you can't send it. You can't receive it, it's not a wallet, they just like spot you, the price and you're, basically buying and selling from the brokerage's big pool of crypto, and it's a very fancy iou. But it is not actual legitimate ownership of crypto.

You can't send it to a wallet you can't it doesn't act as a wallet. You can't receive it and um am i somewhat new to crypto yeah, i've been tracking it more or so over the past year or two, but one of the main things i do know is that actually being an owner is like pretty important um. So please be careful with that: uh bri be greasy, got matt. What i don't know what that means.

What's up with the like and dislike button on youtube? Oh, why what's going on was it they were getting rid of the dislike button. I believe uh. Where am i at, i don't even see my own live stream. Matt, of course, do they officially get rid of it? No, it looks like the like and the oh.

It doesn't so the dislike is still there. It just doesn't show you that they're the dislike number. I suppose, which is kind of nuts interesting what's up with prague people are asking me about prague, is that three bucks um the upcoming support, i'm still in prague, uh i'm staying steadfast in it. I think it is an undervalued company and i'm willing to hold if it squeezes.

That's awesome, but i can't make this more clear if it squeezes very cool i'll, make extra money and i'll wait for it to calm down because remember when it squeezes it does not hold there. It doesn't uh amc gme, anything if you name a squeeze, squeezes, don't go up and then stay there, they squeeze up and then they come down uh. So, in the event of a prague squeeze, sprt squeeze bbig a ny, even amc and jimmy you actually have opportunities. You could play it up and down now i think that's incredibly dangerous, but it i i'm just trying to illustrate the point that it doesn't just go up and stay there.

It's going to be a big move up and a big move down. That's what squeezes do they? You don't sustain the newest price um, that's very important to understand. So, if you're feeling crazy and if you want to see how good at trading you are even prog sbrt, all those you could play them up and down. If you just want to play it one direction, that's also fine, if you don't want to play at all, that's also fine, i'm just trying to like articulate the point that understand in the event of a squeeze, especially a moas, hang on all right.
It's coming up. His retail shareholders have, in all things, amc closing bell ringing in 49 minutes. The clayman countdown is coming right back with adam aaron after the break right after the break adam aaron's coming up points coming up coming up coming up all right so anyway, just remember with a squeeze. It doesn't stay at that high point and not at all.

There's not going to be squeezes that do that they go up; they come down in a very volatile manner. I think that's good thing to know about the price action relating to a squeeze um, i'm unaware of why. But when i was just getting that liquid iv thing, i was getting many many dms, many dms about like what is amc's real price, real price, and i put that in quotes - and i find this particularly sad because this has been discussed months ago. This i i thought this was one of those things that, like okay, it was something that permeated throughout the community and we've now overcome it and that's like in the rear view, the real price of amc is 36.78.

The real price of gme is 203. months ago. There was this assumption that there was like a different price: that's wrong! This is not an opinionated thing. This is f, that's factually wrong.

That is factually erroneous. No one who actually knows about the stock market would argue that there's a second book or a different price um it just isn't. I mean i've. I've interviewed i flat out asked dave lauer that i've talked to exchanges about it.

We had conversations with iex, no one. Actually in wall street is on board with this, and maybe you're like well, okay, wall street's, full of crooks. I don't believe them, okay! Well, that's fine! That's fine! Let's think about this! Another way. If amc is at another price, pick, a price or gme is at another price or sheep or anything if there is another price higher and or lower, who would trade at that level? Think about it? This way we know with every transaction.

Every buyer has a seller. Every seller has a buyer, you don't buy from the ether, you don't sell into the ether, so, let's just say, for example, amc right now trading, let's just call it 37. Let's say that! There's another price. Let's believe that this is somewhat true just run with me on this, like thought process, if it, if there was another price at 50 bucks who, in their right mind, would buy it at 50, when you could buy it from right here.

Whatever this grouping of venues is at 36.83, who in their right mind, would ever pay 50 when you can buy it for 36.77 right now, it just doesn't make sense, so it doesn't pass the litmus test of logic, and on top of that, even if, for some Reason we were thinking about it: erroneously, no market wall, street market professional agrees with it like whatsoever. There's no evidence of it. There's no sources for it. It is very much what was the joke back then.
It was very much a a trust me. Bro type of thing be like no, it's true but, like no evidence was ever ever shown of a second book or a like a secret illuminati based like other one it. There was just never evidence and the issue that i'm starting to see more and more in this community is people are finding that if it's on the internet, it just has to be true, because people took the time out of their day to put it on the Internet and that gives them that, like a certain level of authority um, it is not bad to ask for sources. It is not bad to ask for references whatsoever.

Even me, you don't have to take the things. Take what i say with a grain of salt, as you should do for every other creator, as you should do for every other twitter twatter, as you should do for every other redditor out there look it, and maybe that's your starting point. But please understand that's just your starting point, just because anyone can write anything on the internet that was said by abraham, lincoln, lincoln himself said it in his inaugural speech. Anyone can write anything on the internet.

It is true, so just be careful. Let's just take the words of lincoln and understand, just because you see it that doesn't exclusively count. Look for fact, checked information. Look for additional resources, it's your money at play.

I can't stress that enough all right! Let's do this thing all right, i'm in that final ad, these two amc stubs members who buy advanced tickets for spider-man no way homes debut. He said this idea coming from you, meaning his retail investors, the offer started at midnight, but the minute amc offered and here's one of them on the screen: 100 unique nfts to the first 86 000 online pre-sale ticket buyers. The announcement triggered an influx of online traffic to amc's website, causing the crash as customers tried to get their hands on the unique digital artwork. Amc shares are in the red for a second straight session.

After the new omicron coronavirus variant fears rock the theater industry on friday, but here to talk about all of it in a fox business exclusive is amc, entertainment, chairman and ceo, adam aaron, adam, are the are the spider-man nft sold out? Let's get that news out of the way. Well, i've got to tell you liz um by the way, about 98 of what you said was totally true: okay, i'll correct the one thing that wasn't um. We announced yesterday at noon an idea that we've been working on for months and months. It came to us from our retail shoulders.

You know they're in love with cryptocurrency and they've educated me that boy, what a really interesting idea would be to create an nft around a big movie or movies. We talked to sony. We found a blockchain expert in wax a leader. It was really energy efficient and we decided we were going to come up with a hundred different nfts more than 100 for the new spider-man, no way home, uh movie uh.
We announced it yesterday at noon and it's like. We broke the internet. I tweeted it yesterday. My tweets in the last 24 hours have been read three and a half million times the traffic we had to our website and mobile app last night, we're the highest that amc has ever seen in our entire history.

We sold more tickets than the overnight ship than we've ever sold in an overnight shift before, and i mean we're talking massive surges above normal. But what i'm really proud of is to tell you that our website never crashed okay, but it's going very slow, but it was slow, but it didn't crash. It did function all the way through uh wait times were long for about an hour or an hour and a half, but people got through the whole way through and like we've sold uh uh, it's look, it's sony's movie is for them to tell you the numbers, Not me, but okay i'll just tell you that we sold boatloads and boatloads and boatloads of tickets. I am sure this is going to be the biggest movie of the year uh and it's highly anticipated and if you're an amc guest, you might be one of those lucky ones who got 86 one of the 86 000 of our spider-man no way home nfts that We launched for ticket buyers last night, okay, so you didn't crash, but but can can.

We should split the two percent difference on where i was wrong, because i was seeing from a lot of people on twitter that they were getting error messages once they spent the 45 bucks on the tickets that they had bought. Will they eventually get an nft if they were in line fairly enough and and managed to book? When one was available yeah we ought to be able to make that happen. I'm not worried about that um but but, as i said literally um, it's a huge number of tickets that we sold the 86 000 nfts were just for members of our vip programs. Amc subs premier, a-list amc investor, connect.

We sold far more than that last night because the demand is not just coming from people in our vip groups, but the demand for this movie is going to be huge. Okay but you're saying that you've never sold this many tickets upon a release overnight on the website ever so this is a record breaker. So far. Yes, it was avengers.

End game was a daytime release right. So, at some point during the day uh, i think avengers end game would pass spider-man uh no way home. But it's really close and the point is it's a really big movie uh, it's going to be a really big movie and we sold a tremendous amount of tickets. The interest in the amc nfp is off the charts.

The interest of the movie is off the charts, and you know this is part of a trend. That's been going on since last february. If you look at the visitation to amc movie theaters, it was much larger in the second quarter than it was in the first quarter, much larger in the third quarter than it was in the second quarter. The fourth quarter is not over yet, but october was huge and we did say on our last earnings call that we expected the fourth quarter to be bigger than the third quarter.
If you look at the flood of movies that are uh going to be in our theaters in december, it's mind-blowing, you get. The thanksgiving movies of encanto and ghostbusters afterlife and house of gucci will still be around three huge new movies released in a couple of weeks. Uh spider-man no way home, of course, sing two and the new matrix movie there's some really interesting, sequels and remakes like the third kingsman movie, uh and stephen sondheim's. But out of this west side story, and just if i can squeeze two more in, we also have some original movies like american underdog, which is the kurt warner story.

Famous nfl quarterback, who was a came from nowhere to be a super bowl mvp, and maybe my favorite of them all, because it's uh, written and directed by aaron sorkin but, more importantly, it stars, our very own, nicole kidman heroine of the amc television commercials. In being the ricardo's, there can be a lot of great movies that are coming into our theaters they're going to cut me off, but i just want to quickly ask you've had so many great ideas. This is almost like the happy meal, digital version of the toys with in conjunction with movies, but any other ideas, any plans on say a digital dividend or anything like that. Any other ideas.

Well, our documents, don't allow us to issue a dividend until well into 2022.. So all dividend decisions are for another day not for now, but we have a lot of ideas. Crypto is one nfts is another. You know we announced a big expansion of our business to go into the six billion dollar popcorn industry, okay, and we're working on an array of other ideas which, if we can make them happen to grow, our shield of value you'll be hearing more about them.

In 2020, please join us again: adam aaron, in a fox business exclusive charlie breaks it next and here on dumb money with matt kors. You have a dumb money with matt kors exclusive, with the reaction to the adam aaron liz, clayman fox exclusive. So, in a certain way, if you've seen the movie inception, this is an exclusive within an exclusive within another exclusive and before you all ask yes, we will be selling this exclusive cube as an nft for anyone who's wondering. But all jokes aside, that was pretty exciting.

Um wow avengers end game um at one moment in time, most popular movie ever. I do believe that avatar, the first avatar has once again like re-captured it, but anyway we're talking about a top movie. The fact that spider-man no way home is on par with it. In terms of ticket sales and, of course like yes, if you wanted to get into the technicals, they were comparing like.
Okay, look at the overnight session, so there is a little bit there, but the fact that it's even in the league, that's ridiculous - that that means that it sold way more like exponentially more than 86 000.. Now we've talked about this: before: does one movie make or break uh a movie theater chain? No okay, you need a series of good movies or, on the flip side, a series of bad movies, but it's just time and time again, black widow crush it shang chi crusted uh, this one's going to crush it. He was saying the best movie of the year, like the best times, are still ahead of us very exciting, stuff, extremely exciting stuff, and do i think that, as of now amc is fairly fundamentally valued? I don't, if i'm being honest with you, i don't. I can't be like oh no based on fundamentals.

It should be at 36.65. I don't, i think, it's overvalued, but i also think that the valuation is getting closer and closer to being appropriate and once it hits the right one that doesn't mean it has to stop. It could actually go higher and beyond that, the reason it's being shorted is because of fundamental reasons and every single time we have a development such as this. It's weakening the short thesis - and i think, that's very important.

You don't want to know exclusively while why you're bullish or apish on the play. You also want to know the mindset of your competitors, the people who are betting against you and that's as powerful as knowing while you're in it. So once again, i do believe that developments such as this absurd demand the vips beyond huge demand record-breaking. It was very close in the league of avengers and games in terms of this calendar year for or in terms of this financial year q4 shaping up to be better than q3, which was better than q2, which was better than q1.

So four quarters in a row better, better, better um they're, even looking at potentially going positive in terms of ebitda, this fiscal quarter, uh the cash burn is getting less and less and less. We have 1.8 billion dollars in liquidity about 200 million in cash there. There are some naysayers out there who are looking at the cash burn and saying they just don't have it um. Yes, we are fighting with not only people like rich greenfield or the guys from motley fool, but even some of these gamestop peers they're, like it's just a hammer, they just don't get it.

They don't see the trend of where the company is going and to me, it's sad because amc, their leadership team has made the decision to be very public to be very intertwined with their shareholders, and it prompts a lot of enthusiasm and especially um on the gamestop Side of it, i'm happy i'm a gamestop but like like long i'm, a gamestop bowl, a gamestop ape and the same with amc. I'm in both. I have my money in both of these place and now with the nfts and the relative success of their first nfts. I don't think this will happen soon, but to me i think the writing's on the wall.
You have gamestop that i mean it's rumored, but like look at their own job postings, look at what's going on with the connection between loopering and gamsep. I think it's safe to say i think it's a reasonable bet that they are building out in nft marketplace. Obviously, you have amc that it's confirmed it's no longer rumored that they have nfts all of a sudden. What, if, for the next avengers movie they're like hey, we are gon na make a thousand special nfts with marvel amc partners up with marvel and guess where they sell it, an exclusive partnership on gamestop's marketplace.

I i if that happens, my hope is that the servers are big enough and can handle the amount of active usage, because i think the servers are going to be completely overwhelmed to me. The writing is on the wall. Is it somewhat of like okay, a pr son, because everyone knows how much amc and jimmy have been in the news in the media and all that stuff? Yes, of course, but on top of it, leverage that leverage the ravenous excited audience of both amc, gamestop and honestly, i should add another one into that mix, because i'm using that marvel example. Those are three of the most entrenched fan bases out.

There amc gamestop and marvel. We are not far away from that being a reality before when there was that connection with amc and jamie they're like okay, like they were talking to each other. But where does the partnership like? How does that work in a business sense? Like, let's stay a little, i guess grounded in reality. For me, it's like i said i tweeted this out yesterday.

The potential partnership just got much more likely. You already have the setup of amc getting into the world of nfts. We know game stops, building out its nft marketplace. That's it's a layup of a play be like okay.

We have a partnership. These amc, movie-based nfts, will be exclusively sold on gamestop's marketplace done done done, excitement through the roof. Uh articles written mainstream media coverage, youtube twitter, rumble, twitch, viewership uptick, like everyone's just gon na be jacked up and excited, and beyond that i mean i think they could like. We know nfts, especially if they're tied to proper utility can go for an extreme amount of money, an extreme amount of money.

So if you have proper utility of i don't know if you're the owner of it, you get a free movie watch per month and on top of it you get a 10 discount at gamestop right there. That could be the utility. I don't know i'm just pulling this out of thin air, but my point is: is it could be mutually beneficial to all companies involved? It very obviously could - and i guarantee both companies have people who are far more adept at business and business decisions than i am thinking about. This actively right now trying to figure out ways of how to provide value to their audience and to their supporters and also make a strong business decision that ends up at it's the most inherent level, increasing the top and bottom lines.
Um to me i'm seeing the writing on the wall. Maybe you agree disagree. Let me know your comments below, but i mean i'm excited. I think this is smart.

I don't think it's gon na happen overnight. I think it'll take time, but i love the trajectory of. What's going on and obviously it just even strengthens more so of my fascination and support of the crypto world at large man, super super excited, uh, yoshi guy becoming an astronaut shout out, a.a said no type of dividends until late 2022. Can we please stop with the marco hodus drama, now love the idea but hate the drama surrounding it? I mean the dividend.

I i heard they're gon na kick off the i wrote that down. I didn't hear late 2022, maybe it just all happened so fast. I heard that they're like okay, let's just talk about dividends in 2022. I didn't necessarily hear that the point of a cash dividend is not going to happen.

Companies that are in debt rarely rarely give out dividends a normal cash paid dividend. I would strongly bet it's not going to be happening with amc in in the near future. It's just not they're in debt um, it's debt that, in my opinion, is manageable, but generally you just don't see that in business, because why would you pay out money when you could just be paying off your debt? That's the argument! So then the other argument is um, the sto or some sort of nft dividend with it it it's just. Do i personally think there is a way that we could use blockchain to properly track ownership to properly sort out? How many real shares there are synthetic shares there are yeah.

I think that technology can serve it, but with it i mean it's one of those awkward things where you have to weigh out drama associated with it. I am very much in support of getting a legitimate share account if you're an owner of any stock any equity. It doesn't matter you should be supportive of knowing that, like okay, i'm told there's this many outstanding shares is that true or false is the supply being properly or improperly showcased? That is very important to know um, but when you're talking about a a movement. Well, sometimes you have to weigh out drama and the things that are intertwined with that, so it's a it's.

A tough tight rope to balance, especially through the lens of it, will never happen if the rhetoric behind it is. Let's do this to prompt a short squeeze. That is manipulation. You can't do it uh, you can do it in the sense of we know we we want this because we want the legitimate share count to my understanding and i'm not a lawyer.

I don't speak legalese, but to my understanding that is above board, if you're just saying hey, we want a legitimate share count, but if it's pitched in the way of we want this to prompt the squeeze, that's that's getting into the realm of manipulation and i don't See the sec being like um, accepting of that so there's many things to consider. This is a very complex chess match of who the players are, what can or can't be done, but at the most bottom line this community clearly has too much drama. Clearly has too much drama, but on the other side of that, we also do as a shareholder have a right to know the proper share count for any any company that you happen to be invested in uh. So there's various things to balance out and i think if it's, if it's one of those things where we present our movement as less drama, more realistic, i believe i said this in something we need to be technically accurate.
We need to be emotionally stable and we have to have a united front in the seek for truth, like we are we're seeking truth um that should be it uh it. It can't be if the sec and media, if we're all just there saying we want a short squeeze, we will prompt the short squeeze like it has the tones of manipulation. In my humble opinion - and this is just one ape's opinion - i think it should be more so presented in the fact of hey. We want to know the truth of what's going on.

We want to know why there's such an extreme amount of off exchange training. We want to know how said extreme amount of off exchange trading. How does that hamper demand? What does that do to supply and demand? What's going on with these settlement cycles? Why is so much power concentrated in such few market makers? Folks, we do not have to distort the truth by any manner, because the truth is already on our side. I strongly and deeply believe we are on the right side of history and there are many aspects, not all aspects, but many aspects of wall street that need to be fixed, because it is a system that continually lines the pockets of the elite, the wealthy and the Powerful and they have no issue using forms of corruption and manipulation to keep it that way, because it what it's, what keeps their piggy bank getting fatter and fatter and fatter, and it doesn't matter if we are the - i guess just like secondary tertiary victims of that They they they just don't care.

So with that, i think we need to be hyper, specific, hyper informed and we need to present ourselves in more of a professional manner across the board um because i don't know, what's that saying it's easier to uh, attract bees with or it's easier to track with, Honey than and whatever that saying is - and i believe that i 100 of believe that matt talking sense watch twitch cry about it later. Yeah i mean i guess we have these weird ebb and flow cycles of people getting pissy, because, like i refuse to bow down to crowds, i refuse to conform to just someone's arbitrary bias because they want it to be. Do you know how many people right now want to believe that, like amc's secretly trading at something above that it's training at there are so many people, and then they get angry at me, they're just like what what like. Why won't you just say that, because it's not right, sometimes the truth like like i said, the actual truth is on our side.
Why do we have to fabricate like it's just not i i don't get it and, like maybe that's a shortcoming of my own personality and my own understanding, but through the countless hours, countless hours of research of interviews of conversing with people who have literally said hey, You can share this with your audience, but you cannot tell them. It came from me because i'm under this ruling this house, i work for this person if they find out it comes back to me folks. The truth is on our side. Bad things are happening.

The gamestop back in january did present a systemic risk to the overall market that needs to be addressed that cannot be swept under the rug. This, then rolls into the issue and the extreme issue, in my opinion, of fails to deliver what's going on with those. Why are there so many? How are they resolved who's resolving them? Why is the reporting so slow? Why don't we get any details of the report when the report actually comes out of who prompted it? Why did they prompt it? How did they resolve it? That stuff isn't there, we don't need to like pull random out of our ass and just pretend we're in la la land. With this no evidence, no proof uh trust me bro type of the amount of people.

Do you know how much farther along this community would be if they actually learned about the market and cracked open a book or looked at some paper, as opposed to being matt, is super chat matt? Why would anyone sell send him 1.99? Why? Why would they do that uh because they want to? First of all, you don't tell other people what to do with their money and, second of all, maybe the answer is because i i provide value like that's the one thing of these people like that beyond, like they're oozing, extreme amounts of jealousy like it just like Comes out of their all their freaking orifices, it's just i don't know. Maybe it's value, maybe that's just how america works. Is you provide value you get paid for said value? I don't know, that's a crazy idea, uh. What else do we have? Someone just said: love that voice, probably the worst voice and that wasn't even a voice changer.

That was just like my own inherent whiny voice and it's just like spend their time. The the these the drama and the fighting and the infighting it's just a waste of time, the amount of things we still need to learn about all of it across the board. Payment for order flow off exchange trading, um dark pools how to hide things in the derivatives market, how to look at fractals how to look at cycles the amount of indicators we also there's, there's a laundry list of where our time could be spent and instead they're, Like i'm gon na fight about some random thing or like actively spread of no, the secret price is here or no like this. This influencer makes this much.
This twitter personality makes this much it's off-putting and it's off-putting that's only attractive to like what i, in my mind, refer to as like the kardashian type of people fascinated with drama. They love to be in drama. They love to like bicker, back and forth like ivory. Maybe that's mean to the kardashians because that's like a multi-billion dollar family, but whatever they've done well.

But you know what i mean. It's like. The the content inherently is drama, and the people that that particularly does not impress is people who sit in positions of power who are extremely wealthy and people who are actually willing to get things done in the back end. For the greater good that type of drama and penniness is it's literally the most off-putting to the people who we require the assistance? The most of think about this, when we are so fortunate to be able to hear the words of iex dave lauer, dr susan trimbath, all of those people, the efforts of apes together, strong all of those people.

Do you think that drama is like? Oh, i really want to hang out with this group. I really want to be associated with this group. It's just a it's a misstep, it's a psychological misstep day in and day out. We should go through and say is this? Would i want gary gensler to read this tweet and think that's representative of our community um over the past couple weeks.

I've legitimately thought about that. I've legitimately thought about that. I'm like when i am about to respond, i'm about to like retweet, say something snarky. I think about that, i'm like if this is the one tweet.

If this is the one video, if this is the one reddit message that would be by happenstance the one picked up and be like okay, should we engage with this community? Yes or no from a politician from a regulator from just some wealthy billionaire who wants to do it because he has nothing else better or she has nothing else better to do with her time. All of a sudden, when i thought of everything through that lens, all of a sudden, my like responses just dropped, i mean also tweet out things like texas. Just got a whole bunch thicker, but hey. Maybe that would bring in someone like elon, musk or joe rogan.

They're rich they're in texas and they might be like hey yeah. No. I like hanging out with thick boys like that, could work, so i was somewhat supportive of that tweet, but in general, when i think of everything through the lens of like, is this the drama fighting like pettiness that is gon na get us anywhere and the answer. 99 of the time is: oh yeah.

No, it's in that category, don't do it and okay. Now, it's just so much easier to not engage in it, but i get it a lot of you might be like well. What about that thick tweet, matt, huh yeah. I think it's beneficial someone just said thick.
24. 7.. 24. 7..

It's just a way of life before you know it. Gary gensler, first regulation, no more pagement for order flow second regulation is limiting thickness. I would believe it if that's the trade-off in this world. If the trade-off in the world is will limit off-exchange trading, but matt kors has to half his bmi i'll, do it i'll do it for the goodness uh? Oh my god, just stop matt.

I refuse to listen to this guy after today. No please don't go sit! No, no, please what what will i ever do without you come on please. I was recently in um the airport and, as many people have pointed out, you don't have to announce your departure by thane you're still in here, yeah dude. Why would i sit and listen to this nonsense? The question is: is that you're still sitting here like you're, informing us, you're, leaving and you're like no but like? Why would i say i'm not gon na fight for it like you could just leave.

You could just easily click off and hey on your way out. Please don't forget that dislike. It helps me with the engagement. Don't stop come back so enraged.

He's like no no, but i have to get the last word in. I have to say this snarky comment. Oh man, oh man, but before you go, please know you're, never gon na find another channel. That's so thick! If this this is, if you're looking for a thick channel, this is the thickest it's gon na get so you're kind of stuck with the me wonka.

No, please don't. If you get a chance to relay investor sentiment, we need to sell popcorn at all major sporting events and have an amc, popcorn super bowl, commercial. That's a great idea! I love that. I like it.

I like it uh. I also feel like. I have a cold. What is liquid iv, so liquid iv is the thing i've been sponsored by in the past where it's electrolytes.

It's awesome. I love that. But the thing i did was like an actual iv like not the electrolytes you put in water, like i literally got an iv like they're like oh man. Actually, if i'm being honest, she did compliment my banshees, you have very nice fans.

I was like thank you. I was born with them um, but anyway yeah they inject you up and it was. It was good. It was easy.

It's like 20 minutes. They gave me some tea happy monday. Matt waiting for crypto to bounce back, holding, crypto and coinbase for long term may even get into crypto.com for its own coin. I'm just using weibo for quick, crypto trades any stories.

From your travels i mean i had the flight travel, the flight story from my traveling early this morning from the actual wedding i it was, i reaffirmed to myself that i'm a horrific dancer like concerningly bad at dancing, check out chrono's chimp club uh. If i was getting into crypto what would be some good coins to look at and where would you recommend i do more research um so to anyone looking to get into crypto, i would recommend just starting researching bitcoin and ethereum, though i think that's like a great Starting point um kind of the way. If you started in the stock market, you probably should look at like the s p. 500.
If you want an equity, maybe something like apple um, that's a little bit more complicated, i would argue, but i think crypto uh start taking in the news. Uh there's great websites such as like coinbase or there's various like news aggregators for crypto uh, but overall start in learning about the technology and following it uh, there's great guys who create awesome: videos on youtube, um, bitboy, crypto coin desk coin bureau uh max mayor. Those are four crypto based channels, andre jake. Those are five crypto based channels.

I watch a lot. I think, they're all awesome content creators. I would use that as maybe step. One is gme short interest over 100.

Again, no, it's around 11 percent, hey matt. I've been a lifetime customer of jme. When i joined the military, i was surprised to see jamie store on every base. Love the stock, not leaving shout out shout out shout out, bought a ticket at 11 45 east.

So i think i might have my first nft ever not familiar with them. What could it possibly be valued at? In your opinion, i honestly have no, i cl no clue you'll have to see what the market's going for it uh that one, particularly, i think it's gon na, be with like how much people like that spider-man movie or if you have like a really cool one Related to spider-man, like there'll, be ones that are like awesome, looking and obviously they'll be more desirable. So there's going to be a little bit of luck involved, um the success of the movie, how cool the nfts do or don't look? I haven't heard of any utility tied to them, but if there is utility tied to them, i think that could up the value, but we're gon na see you we'll have to see on like open exchanges such as like open seas. Probably one of the it is the most common nft marketplace um, but with that being said, that's why i'm particularly excited about gamestop's nft marketplace.

Here's the fiverr to piss off the haters shout out. I need to creep keep track specifically of like the anti-hate super chats, but then also the hate super chats matt did i change my hair's direction? No, i'm i'm always like a left shoulder to a right shoulder kind of a guy. Great question, though, i think the problem is that there were people getting in the movement for a quick buck and they haven't seen it yet. I think that is an issue i think there's people it's and that's fine, like if you're in this exclusively to make money.

I mean hey, there's no issue with that. I myself want to become a very wealthy person, i'm not going to like hate on you for that. I think the issue is people thought they would get in and like the next day, be mega wealthy. Most of the time, most a high percentage of the time wealth takes time.
Wealth is commonly a function of time um and for me, i'm prepared to be in it forever, as long as i have to. But on top of that, my driving force is to try to improve the market for not only myself but everyone, that's engaging in the market. So and that's just for me, i'm not saying everyone has to have that mindset on amc and gme and market transparency and market corruption and all that. But to me i have a big passion for the market, so why would i not want to like try to quote unquote fix some of its shortcomings? I blame that hedgehog for the drama shout out, not a hedge fund.

Here's for providing value shout out scott. I appreciate that d821. Thank you amd bullish or bearish uh. I think about it.

Long term amd uh, probably i mean super bullish, just hit a new all-time high today and long term. I'm very bullish on the semiconductor industry amd nvidia intel a little bit of qualcomm in there uh. What's it tsm the taiwan semiconductor maker, whatever that one is uh, i'm just bullish on semiconductors, because i it's an um, it's inherent in the world of ai data processing and gaming, and i happen to be bullish on all three of those. So it's an upstream way to play it rant coin, a decentralized token, where mac can rant and curse freely without worrying about being demonetized, while still providing thick colorful value.

Shout out trey subway cup trey subway cup, i heard through the rumor mill, you're, tweeting or cheating on me a little bit. I thought we had a special relationship as a as a big fan of streaming and me the streamer. I thought we had some would say a bit of a romantic relationship and um. I heard you i heard you've been cheated on me.

I've heard i've heard it it's all right. We can be in more of a polygamous relationship if you want. I think we just need to both state our intent at the start. You know just a a polygamy thing.

We need going thick veins. 24. 7.. Can i short thick matt by not buying frank, i love um, someone said: don't put a label but yeah like.

I think i just got excited. I thought it was exclusive between us, the cup and myself. I just thought there was a lot going on and i put a label on it. I was the one pressuring him like meet my family for thanksgiving, like let's hang out.

Let's go to barbados for christmas, like with my cookie and uncle type of a deal, and i i think i just i tried to label what we had before properly reading the situation or having the conversation, if i'm being honest, trace of wake up, tell him to Calm down uh too funny, but matt love your petty reaction. Jk. I love your enthusiam to doing your own homework. You should change your name to matt thickham's course: matt.

I don't have any money, but here's a street buck for your beautiful content. You provide shout out tch uh when matt gets his blood taken. The nurses who faint thick veins and p l gains in all seriousness is super grateful for you, matt abby, late thanksgiving shout out. Karthik uh forget about the freebie shout out seven months, strong baby.
What's going on dakota plus one anti-hate, every turn uh, let me rent out riley for a day. Wealth is more often a measurement of thickness, not time james and molly, hello, booboo kitty for my b day tomorrow, i would like for you to wave your magic wand and tap amc uh to about 350 and slap molly thing shout out james and molly i like, If you guys follow the james and molly twitter account you'll see that it, the the the thrupal relationship, has really been heating up. I'm i'm a fan of it. Uh finvis, gme and finvis does finviz have short interest.

Someone wants me to check this out. Um yeah. This is erroneous. This is incorrect.

Honestly, this is probably not updated since, like the start of the year or something it might be like a whole quarter actually had to be longer. Um are any of the numbers right. Let's look at uh amc's yeah, it seems like they're all off um amc's was off. It was under reporting at 8.7.

What would be another one? Tesla tesla, oh yeah, tesla 3.28. I don't think any of these are pro like. It seems like they're all off. It must be like older data, so amc's.

This is going to be the closest to like up to date. Once again, it's a little bit of an assumption. It's a predictive model. It is not spot on just so.

Everyone knows if anything. It's a conservative floor estimate. Amc 8, 15.83, gme, 11 uh. I mean here i'll, even bring up tesla's just so you can see it.

Tesla's is coming in at 2.81 and finvis had three so like my point is: it seems to be like lagging on everything and kind of off on everything. On finviz, but also remember you get what you pay for this. Is it's a free website? Um. That's short interest data.

That's very expensive data. It's a rarity for someone to give out that type of data for free. Why is ortex right? Um, i wouldn't say right, writes a kind of a loaded term. In the sense, i would say it's more accurate because i know how they're sourcing the data they're paying for the data feed from 85 percent of all market transactional volume per day and then they're using that and then they're.

Using the previous exchange reports to estimate where it's going to be in there, but once again, they're like it's a conservative floor value. So i think that term of right is loaded, but things like yahoo and finvis and stonko tracker and fintel. Most of them are using a data source they're using like interactive brokers like that's the one prime broker that they're sourcing from so it's accurate, but it's not anywhere close to the full picture. Uh, it's one prime broker and then the ones that are using the exchange reported short interest like well they're going to be lagging behind anyway.
So that's actually something like bloomberg terminal um. So that's why i don't think in terms of short interest. I know of no data source that is more accurate than ortex right now now, just because nothing's more accurate. Does that mean that vortex is the end-all, be-all 100, precise and accurate prediction? No, we know that it isn't because they have to readjust sometimes, but i know if none that's better, if that makes sense um, so is it 100 accurate? Absolutely not.

Is there something more accurate, not to my knowledge, literally, not even bloomberg, terminal bloomberg terminal is lagging behind as well. What check out matt corey's, gme amc, insider breakdown, he's anti-gme what that would be crazy. I own gme. I why why would i be anti-gme dude? Look at my youtube: catalog there's you you're, not gon na find one anti-gme, video, tweet or anything like that.

Uh, it looks like dp here is uh coming from looney tunes land flood against gme, as he's an amc insider and inside, like so you're saying. Not only am i against you, i mean you're taking it to the next level and saying that i work for amc that uh that's something like. Where do these? That's just ridiculous. I never in a million years when i like, was first starting youtube.

I was like okay, what are the problems that i have to overcome like as a youtuber blah blah blah? Never in a million years did. I think that i would just have to at all acknowledge just this craziness like this type and this level of craziness he's an amc, insider he's anti-gme, when literally everything out there is like the opposite, absolutely the opposite: wild wild wild wild dp equals delusional person. I wonder if he took do you think that's just thane's backup account the other guy who's mad announcing that it was the last time he watches me he's like i'm going to log into my other account. Just so i can still watch matt is adam aaron yeah.

This is just makeup, adam and aaron, and i are the same person we just um. We just it's all makeup all makeup. It turns out. I was um, i'm a ticket salesman at amc like those people who scan tickets - and i just take my job way too seriously.

I'm trying to work at the next level to get like the promotion to head ticket salesmen at my local amc, like because in the last promotion cycle, they're like yeah, like we just need to see that you're, like you care a little bit more like we. What were they saying in my review? They're, like you, just need to show more initiative. You need to like show that you're proud to work at the company, and you need to be working at the level of head ticket salesman here in philadelphia, amc uh. I guess i just took it a little bit too seriously.

I was just like you know what they want more. I will create hundreds if not thousands, of hours of content of amc and i really mess with them by starting completely with gme. Come on. Uh lcid is crushing it lcid lcid.
It surely is 55 55 55. bullish you're supposed to have potential. You need more potential. I'll i get around you'll, be my first and my thickest shout out trey subway cup.

Any thoughts on crow coin got an appointment. I surprised i didn't hear much about krypto.com on youtube. Always thanks. Yeah i mean it's doing well, just because, like crypto.com is doing very well like huge expansion in its notoriety across the world, why aren't you covering lucid for your followers? It's a fantastic investment socks.

Technicals are amazing uh i mean i, i love lucid. I've i'm in lucid, i'm bullish on lucid. I i commonly talk about loose and i'm very, very bullish on lucid um. I think it's a great it's probably my second favorite ev play right now, um in the short term, it might be my first favorite for short term long term, i'm a huge fan of tesla and lucid.

I actually usually have it up.

16 thoughts on “Is the market panic over?! amc, gme, shib tsla dumb money w/ matt ep 160”
  1. Avataaar/Circle Created with python_avatars Sebastian Guerrero says:

    10 min

  2. Avataaar/Circle Created with python_avatars A Gee says:

    Many people who took the advise of this youtubers to buy coins are not doing so good. This all smells fishy.
    What happen to the contrarion trader?

  3. Avataaar/Circle Created with python_avatars No context videos says:

    Even after this good news AMC will go down in share price smh

  4. Avataaar/Circle Created with python_avatars Jake Saint Laurent says:

    Really said fuck prog huh

  5. Avataaar/Circle Created with python_avatars Rani Wazenegger says:

    Lo your the best

  6. Avataaar/Circle Created with python_avatars Tom Kim says:

    You're really a hypocrite. You want transparency… start with not blocking messages kid.

  7. Avataaar/Circle Created with python_avatars Z London says:

    Matt you talk too much rubbish this days

  8. Avataaar/Circle Created with python_avatars Harleymark says:

    Shiba coin is the future investing in it now is the wisest thing to do now especially with the current rise

  9. Avataaar/Circle Created with python_avatars Alice Edward says:

    >>From my own perspective, I have learned in recent months to remain calm, especially when it comes to Investing in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back And hold You may incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making prof!Ts should be the way of life. That being said, the market is still all about cryptocurrency at the moment and I'll advise current investors and newbies to take advantage of Katelyn Ejmont a pro trader who runs a training program for investors/newbies who lack understanding on how trading Cryptocurrency works, to help them recover loss from the crash and also accumulate more bitcoin, with her program i went from having 0.3btc to 2.8btc by implementing trades with tips and info from their platform. You can reach her on Ν²elegram @Katelynejmont.

  10. Avataaar/Circle Created with python_avatars L Martha says:

    I still remember the first week I got in touch with Mrs Evelyn A Rhines, Her strategy was so easy to adapt but i made 4btc directly to my bitcoin Wallet.

  11. Avataaar/Circle Created with python_avatars Peggy Thibodeaux says:

    Hey, then please explain dark pool

  12. Avataaar/Circle Created with python_avatars Pete Pete says:

    Jumped the shark

  13. Avataaar/Circle Created with python_avatars Chris Hamberg says:

    If you think the real price of AMC is $36, then you still don't understand the problem with off exchange and dark pool. Clown.

    The off exchange is the ether. No one is trading at the real price. You totally misunderstand logic.

    It really doesn't matter what people agree with. If buy orders are being hidden on off exchange then the real price is obviously much higher than market price, by the law of supply and demand. It's a simple deduction.

  14. Avataaar/Circle Created with python_avatars Dr Real says:

    who can save AMC trash?

  15. Avataaar/Circle Created with python_avatars Bob Matteis says:

    Hey what’s going on this is Bob in Connecticut yes just for the hell of it I bought more AMC $38 a share and I have some at $14 a share. But like I mentioned before there is no stress with comic books so that’s where my money went the stock market can give you a stroke. Case in point I bought the first appearance of Iron Man a few years ago in New York City tales of suspense 39 8.5 I paid $5300 that book just sold for $120,000 same condition as my copy. I said this many times there is no stress with comic books if you have key you will not see fluctuation hardly at all they don’t always go up and down they usually go up up up.😁😁😁

  16. Avataaar/Circle Created with python_avatars Apple Pie says:

    Zoom out year-to-date it's time !

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