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Dumb Money w/ Matt Ep. 159
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Hello, hello, hello, folks, right out of the gate. I know i sound a little a little under the weather, that's what i get for taking a red eye and not sleeping and then coming back, but i wanted to stream. I was like i could. I could take this morning off.

I could get a little r, r rest and relaxation, but, alas, i would miss you guys too much. I am back. I am back. I am back.

Let's talk about the markets, let's talk about what's going on and i must say it feels super super good to get back in the swing of things. I hope everyone had an amazing holiday uh to all my jewish listeners and washers happy hanukkah to my understanding that started last night, so happy holidays, happy thanksgiving. I know we have a lot more holidays coming up in pretty much less than a month. Now it's just that time of the year again, so i hope everyone is having an absolutely fantastic time.

Seeing your friends, family, relaxing - and you know a little bit to add on top of that - is all the interesting market things to discuss. So with that being said, let's hop right into the elephant in the room. Omicron coveted variant poses very high global risk and is likely to spread. So this was the hot news on friday and it's very much why friday everything was read.

I mean i was there on friday i was actually taking the flight that to get to the place i was going and whenever my phone would update, all i saw was red red red and more red, and people were like what in the world is going on. So to my understanding - and i am no doctor - i am no scientist - this is just a new variant similar to the other variants we've heard of kovid this one. It seems like it's the reason why this one i mean i mean, there's been about eight nine, ten different variants that have been somewhat discussed, but the reason why this one um was like all over the news and why it's this headline and why it had such A negative impact on the market: well, it spread very very quickly. So what was done in months with previous variants or even the original one, this one it's just the transmission seems to be higher and i'm gon na explain in just a bit why? I'm really focusing on that word seems but beyond that um the way they look at all this, i believe it's just kind of the differences in its proteins um, the spike proteins, and with this one there was about over 30, so it it just seems like.

Okay, that's the question: the question is: do the current, i guess tools we have at our disposal help battle with this particular variant, and that was the big question kind of friday over the weekend and even as early as this morning, and actually i have a tweet For you pfizer, ceo, says its vaccine offers some protection and then modern, i'm not really sure, because we need time a lot of this stuff. People were even surprised that we're getting answers from ceos this early because it takes time a lot of the things i was reading yesterday and today was about it's going to take two weeks to get data to properly test to see. What's going on now. In the meantime, the omicron covid variant is likely to sped further and poses a very high global risk.
According to the world health organization, it warned monday that surges of coven infection caused by the variant of concern could have severe consequences. So when you say things like that, it's tough to know with the way media works these days severe consequences. Is that spot-on or is it fear-mongering or is it one of those things that the truth is most likely somewhere in the middle? Obviously, this is up to you. It's on you um to protect yourself and your family in the best way that you feel is applicable to your lifestyle and what you think is going on.

All i'm here is to kind of spread a little bit truth about the data, but i'm in no way telling anyone what they should or shouldn't be doing, and the real reason we're talking about it right now. Of course, i want all of you to be happy and healthy, but beyond that, obviously these types of things can have a huge impact on the market uh. So, for example, on friday it was amounts that the us would be banning travel uh from south africa and seven other uh. Southern african countries actually have the list and we'll get into that uh, so market bouncing back right now, uh oil's actually very low.

It's dropping off of the low 70s bouncing a little bit, but before it was in the mid 80s, but the news that everyone's going to be talking about from friday till now is what's going on with this, so a little bit more uh. Obviously the van's name is omicron uh, it's still too early to say whether lockdowns or new mandates will be appropriate. So right now nothing confirmed uh. I don't know which way any of this will break.

Obviously, fingers crossed that they're. Like hey it's a good thing. We were prepared and we look into it, but it turns out it's a non-issue. Obviously that's what we all hope is going on, but as friday uh they, the u.s banned non-u.s citizens from uh travel restriction, a new one, south africa, seven other southern african countries.

The variant has also been found in the uk, israel, belgium, netherlands, germany, italy, australia and hong kong, not in the u.s yet uh as i'm reading this or as of the time of this article being written, there was no confirmed cases within america of the new variant Modernist says that the vaccine could be ready in early 2022 when referring to this variant, so remember with it. The y to my understanding, once again, not a scientist, not a doctor, to my understanding why this one's so much more rapid is because it's more of tweaking the original vaccine that they already have you're not like building it from the ground up. You just have to take care of the differences in the mutations in this particular variant. Hence why it is a variant, but then, like i said, the pfizer one says that you get some protection, so i think over the next two weeks in really particularly two weeks by like mid-december.
Hopefully, we're going to have a lot more answers about what this is and isn't. Cyber monday next, after black friday, traffic drops from pre-covered levels. So we are currently living in cyber monday and what's kind of interesting is the numbers that they're seeing from black friday as in three days ago, it was a drop relative to 2019 by a considerable amount, 28.3 uh, so we're definitely seeing that drop there. Americans shifted more of their spending online and kicked off their shopping earlier in the year so most likely tomorrow and the next day we'll have some of the reports of what retail is doing.

Just generic consumers, and especially purchasing for the holidays, we'll get a better idea in the next couple days of how either good and or bad uh cyber monday is really coming in from the highest level view uh. If we take out just the insanity of what happens to be going on in this year, this is information. It's the average movement of the market over the past 20 years, so seasonally we're right about here, uh. If you get into about a fourth of the way in december, we're still in this bullish pattern, then there's a little bit of a hiccup to mid-december and then from mid-december.

Until about the first week of january, you have some bullish action, so we are right about here, seasonally bullish. Now, because something seasonally bullish doesn't mean it has to go up like that and has to act like that, no not at all, it does not, but this is also just historically what's going on, so we're waiting, um seasonally things are bullish, but obviously any news related To this, really, the new variant is gon na push the market stronger than seasonal forces stocks, making the biggest moves pre-market, obviously moderna pfizer airlines cruise climbs, so the market on friday. If anyone was paying attention, if you got out of your thanksgiving day like food coma, your slumber, um things were red, very, very red, but thus far in pre-market this morning - and i know we have about 20 25 minutes to go uh things are bouncing back nicely. Let's just see if it actually holds because do not forget that any pre-market action is typically going to be oh really, 99.9 of the time way, less volume way less stock market participants actually engaging in that.

So if out of all those days that i tell you, let's wait, those first 15, 20 30 minutes see how things are really really shaping up. Uh. That's exactly what i would say like is necessary to be done. Uh patience, patience, patience, let's just see how everyone's going to react to him, because you have on one side a certain subset of people saying hang on.

This is just another another. I guess chapter in the book of fear-mongering of freaking out over this, and then you have the other side. That's saying this is extreme. We should have already been in lockdowns, like i said, the truth is most likely in the middle, as so many things in life.
Go uh, but when it comes to the markets and your money uh, i don't know if it's a wise suggestion too lit emotions like strong emotions, really guide how you want to do it. Remember, calm, cool collected trade like a robot, be as calm as you can and stick to your training plan. What are your entries? What are your exits? What is your risk? What is your reward? No matter what environment is? This is why you have a training plan, because when things are a little bit more tense, whether it's the emotion of fear or the emotion of greed driving you that's why a training plan really helps out, because it helps overcome. Maybe some of the decisions you shouldn't have been making uh based purely on emotion, uh before we get into some of the developments.

Let's uh do a quick rundown of the overall markets and then i wanted to like really dive into what's going on with amc and jamie so friday we had the gap down and went red it closed below this support. But as you can see this morning, we already have a gap up i'll be looking for. This gap fill at 4 65 20.. This is the low from the 24th right here.

So once again, i am looking for this gap. Bill 465, 19. Technically and right now we're having a nice bullish action in pre-market, pretty much similar scenario with the q's. It didn't have the gap down but strength this morning and the russell has already been kind of weaker relative to the first two indices.

We have this gap down and i am looking for the gap fill hopefully today at 228, 54, the once again the low from the 20 oops excuse me the low from the 24th right there. That's what i'm looking at uh before amc and jimmy. I want to talk about them a little bit more in depth. So let's just look at the other market right now: tesla not really moving too much uh.

It's coiling consolidating we're building up some of that potential energy. We're going to see where the next leg of expansion is to rivien the fact that it's below 115 - i, i really still think it's going to test that, like key psychological level of 100 nvidia, still looking good, not too far off from its all-time high uh. It's pelosi crushing that play robin hood. Uh did make a new all-time low, but darn near close.

It's all-time lows to 26.63 and it hit 27 so still seeing a lot of weakness in this company, which i think is well deserved, prague right now, at 363, it spiked up before got a lot of people excited at six dollars. I still have my position, i'm so happy with prague. Like i said, i think it's a fundamentally undervalued company if it squeezes that's awesome, but i need to make this explicitly clear, i'm in prague, because i think it's undervalued, i'm happy to make this a medium to long term play and, of course, if it squeezes yeah. I would love that money, i'll wait for it to come back down and then i'll re i'll be able to buy more with the extra money from the gain on the squeeze so with it i'm still in prague, not going anywhere.
I actually have the prog numbers for you progenity, so they're now reporting it's kind of interesting um of the drop off and remember so on the 24th you're going to see changes in almost all of these or text numbers, because the exchange reported short interest it before November 15th, it came out on the 24th, so all of these spikes and changes have nothing really to do with any major change in the short interest from the day prior to that um, especially from like the 14th to the 15th, it was all recalibration uh. I want to clarify that that doesn't mean out of nowhere. If we're going to see amc and jimmy's differences, they all change as well and it wasn't like oh there's so many more shorts, so there's so many less shorts. It's no! It's the estimation, because we only get this every single two weeks and i think some people are um they're under the misconception that there's somehow a data provider out there that you can get a 100 accurate short interest report every single day and you simply cannot uh.

We get it for one day and it's always two weeks behind you get it two weeks and then two weeks and then two weeks so, for example, the most recent one we have is from november 15th. It happened to be reported on the 24th and obviously on prog went from 22.9 million to 22 million down to about 17, just under 17 million shares estimated to be short, so looking at prague right now, 8.22 borrowed shares already today a net of 29 utilization 99.8 And shares on loan, so the one thing i wanted to bring up here that i don't something seems off to me is the shares on loan is 23.32 million and the current short interest is 10.5 million, as in less than half and the reason that doesn't make Sense to me, i don't know why there would be so many shares out on loan that aren't actually short, because the cost to borrow is notably high. It's at 63 percent, and this is actually coming off of it for the longest time was living above 100. So right now i would be willing to bet that on the next report that once again in two weeks, i bet we see a spike in prague because i just don't see a world in which only half of them, less than half would actually be short.

Based on the shares on loan, because the cost to borrow is simply too high um. If i confuse anyone on that, please let me know, but the numbers just i'm i'm willing to bet that this is underestimation and recently that's exactly what was happening in gamestop in gamestop. It's always that awkward two-week lag and then, if you're, comparing it to the previous one, it's actually a one-month lag. But that's exactly what's happening.

We were seeing an underestimation of what was going on and now you see a jump up to 11 for a bit. There was hanging out at eight, it was hanging out at nine. The newcomers came in if or text realized that it was underestimating recalibrated models and it goes back up, so it's at 11, but also just on a relative basis. You can see my reasoning for prog of, like it doesn't really add up when the cost to borrow here is one percent, and prague was 63.
very, very costly to just simply have shares on loan anyway. Utilization 27 shares on loan, 6.34 million and in terms of amc 15.77, this has been somewhat consistent, just kind of hanging out around 15 16. utilization 73 shares on loan 85.55 million. So those are just your very quick or text updates for amc, gme and prog.

In amc, the insanity on friday actually caused it to break down um. I can't sugarcoat this. This breakdown was not good uh, but it also somewhat did relate to the fact that there was panic in the market in a general sense. So this wasn't like everything, was fine in the market and then amc uniquely got hurt.

That's not at all how it played out. Everything was read, but still that doesn't take away from the fact that, on a technical perspective, that's not good. So what i'm looking for is similar to the time period from october 27th to november 1st, i'm looking for it to be a very similar, fake out breakdown, i'm hoping with the strength in the overall market. Today we can get back up into this wedge and then, obviously, at whatever day, it occurs, you're looking for the test and the breakout of the top trend line.

So once again, this is not good, i'm not going to say. Oh everything's hunky-dory, you don't want your technicals to break down in a bearish manner, especially if you're long, but i also want to point out the fact we've seen this previously, it collected itself the investors, the traders they collected themselves and we got right back into it. Um, i don't know how futures is going to play out here, but that's exactly what i'm looking for and i would love for it to get back into the wedge around just below 39 and right now we're at 3840. So, in my opinion, it is definitely definitely possible in terms of gme, so this one, the main technical i'm watching - is the low from november 10th uh 196.50.

It actually didn't even get there on friday, it was just below 200 and right now we're actually above 200. In pre-market training, so i'm looking for the hold of that and i would love to see a test and recapture of the 218 to 224-ish area right now, the charts, amc and gme. We know there's a lot of intraday similarities commonly between the two, but the daily charts are pretty different um, not too much of an overlap, at least in the past two months of their daily charts uh, i mean obviously like gamestop. If there was a similarity here, it would have had the breakdown down here around 150 140 and instead it's trading at 200..

It's just in a different cycle right now, which is completely fine, so intraday. Sometimes we see a lot of rhyming reason there, but the daily chart i mean if you pull up the two over the past two months, um uh we're seeing a little bit more of a divergence but beyond the short interest or text numbers beyond the charts of. What's going on there and the insanity in the market in general, on friday, i mean talking about insanity like it was. Everything was right.
We now see things are starting to bounce ethereum, bouncing bitcoin, bouncing solana bouncing looping. I have that up for a reason we'll be coming back to that, but it seems like right now. It seems knock on wood. It seems, like things are calming down um.

So as we get closer and closer to 9 30, we have about 10 minutes. It does feel as if, okay, there was a little bit of emotional panic on friday, especially with everything related to it, because the market doesn't like unknowns. But if you generically kind of like go through your own watch list, it seems, like things are starting to turn green they're starting to get the legs under them. Uh.

Does that mean that that's how it's going to play out all day? Absolutely not, but i at least we're going to take the positive signs when we can get them so right now i mean we're seeing a lot of things up in the pre market. Let's just hope that that holds all right now i want to talk about some of the things that happened yesterday, so this was kind of interesting. This is from adam air and the ceo of amc, so many good ideas have come from our shareholders. In 2021, always food for thought, we quickly implemented amc, taking crypto and now one of our very best ideas previously announced stoge and chibi inu.

So don't get head faked by the k9 drummer drum roll. Please it was an awkwardly long drum roll, but i think it was worth it. This idea came from you partnering, with sony pictures for amc. First, ever nft more than a hundred unique spider-man nfts given free to the first 86 000 online buyers of us amc december 16th tickets for spider-man no way home only for stubs, premiere, a-list and investor connect members, uh very cool.

They are getting into the world of nfts, 86, 000 of them partnering up with sony pictures, and it all relates to the december 16th movie of spider-man no way home uh, which, as you're about to see, is going to be knocking some people's socks off in the U.S sony pictures spider-man no way home tickets go on sale at midnight tonight, as in yesterday only for amc, subs, premier, a-list and investor connect members. The first 86 000 buyers get a spider-man nft 2 they'll go quick and that's exactly what happened. Our amc first ever nft with sony pictures and spider-man no way home caused amc's online ticketing traffic sunday night monday morning to soar to the highest ever in amc's entire history. Oh, did we sell tickets, but we are sorry, wait times got long for the unprecedented volumes.
You know what, when you're, trying to buy a ticket, i understand the frustration of like just having to wait, but as an investor as a huge supporter of amc, the fact that it got so crazy that they were having technical issues wait times that that just shows Insane demand to me insane demand to me, so i like it, i like the fact that they're still listening to their supportive base their shareholders. I like that they're executing it well, this is going to be huge uh. The ticket sales were rivaling, some of the most popular movies, ever i'm not talking about pre-covid or during covet, or any relative base like that. I'm just saying flat out ever the number of ticket sales that occurred from midnight until early this morning was so much that it took various websites down.

People were very, very excited not only about the movie but about getting these particular nfts. Now, yes, when you buy this, they are free nfts, and this isn't really relating to an nft dividend. I know a lot of people have been talking about that uh and i have some commentary on that for you in just a bit but overall to me, i've been insanely bullish on crypto, um last fiscal quarter, bitcoin or not. Bitcoin excuse me nfts the market.

Were it represented about 11 billion dollars, which was 8x the quarter before that? So it's already a huge industry nfts and it's growing very, very rapidly. So, even if i didn't know anything about the fight for market transparency and fairness and what was going on in the amc community, if i was just an onlooker, i'm like oh that company is getting into nfts. That's that's, probably a smart play now. This is just it's first step like is this going to be the final iteration? No, like, i think, there's better things that can be done with nfts, but you got to start somewhere.

You got to take baby steps, and this is what that is. I like the fact that they're progressing in the direction of crypto, so yes at first their very first baby step was accepting crypto as payment now they're getting into nfts. So the entire way that i'm thinking about it is they're taking the world of crypto very seriously and they're, seeing where there's a possible, i guess fit for crypto and amc as a business now. This brings me on to my next thing so about a handful of months ago.

Adam aaron was on national tv and he said that he has reached out to gamesup. He didn't say anything about a partnership being confirmed or anything like that. They're, like we've reached out, and it makes sense because amc and jimmy um it's safe to say that they're, the two as mainstream media would refer to it. Meme stocks that get the most attention.

Obviously um gamestop started all this there's there's no denying that that's factual! That's not opinionated, and then from there. You also have the growth of a huge still around community of amc. So right now you have amc jimmy quite a bit of overlap, and then you also have maxis on, like both sides of it, that don't even want to hear about the other one. And that blows my mind but whatever that's just my opinion.
So anyway, we know that adam aaron on national tv said that he has reached out to gamestop and no partnership confirmed or anything like that, and it's tough. Where is the business overlap of a company that sells video games and another one that screens movies that that's tough for there to be a business overlap? Well, you fast forward a little bit and there's a lot of at first starting off as rumors. That gamestop is actually going to with ryan cohen and the leadership board, beginning in the world of nfts and particularly an nft marketplace, and that's what comes into loopering and that's what i have for you right here. So loopering it's a crypto project and you can check it out lrc.

It's basically going to be built. What you need to know. It's it's layer, two on top of ethereum and its exchanges. We have made dexes so decentralized exchanges and it seems like yes, there is a broad application for this, but recent development, if you check out their github, it seems to be ethereum, nft, focus and strong relations to gamestop.

Yes, we can make an entire video of talking about okay, some of the things going on in the background of what what's there like, for example, this is gamestop's website. You can look at their current jobs. Software engineer software engineer, um uh right here, nft platform, all these nft nft, these all relate to blockchain nft. It clearly seems like they're, building out an nft platform.

So can i sit here and i'm no lawyer, so i can't be like. Oh, i saw these job postings that guarantees an nft platform. I probably legally, like i don't know if that, but like i would say it's one of those rumors, that's like 99 logical and it seems like okay, that's obviously where they're going and it takes time. These things don't build themselves overnight so anyway, this has been going on for a bit they're now up to, i believe, 10 distinct job postings for building out this nft platform, and once again this is all from gamestop and now and the back all with loop rings.

So that's the connection there. That's the crypto technology gamestop wants the nft platform and then we're now in a world where, just yesterday, adam aaron announced that they have nfts and what i didn't get about this where's. My profile is this it. I i put this out.

I'd also like to highlight this means that amc and jimmy potential partnership just got much more likely. Apparently, people didn't some people did not disagree with that or some people didn't agree with it. I think a lot of you were like oh yeah um. I didn't have to hold your hands.

You saw it you're, like we have one company making an nft marketplace and another company making nfts and they're two of the most popular most spoken about equities in the entire world. It's like whoa whoa. What um? I guess the best analogy. I was taking a shower very quickly after my plane ride to be here, and i was trying to think of um an analogy that would make sense.
You have one company, that's been saying: it's gon na make a coffee shop and sell coffee and they're like we're. Gon na sell all these types of coffee to whoever wants coffee. You have this other company who, just like they make just they're packaging, their own coffee beans, now they're going to sell their own coffee, but they don't necessarily want to do the distribution. So you have a coffee house and someone who has coffee and people like if you look at this, i was reading these comments and i was so confused.

They're like i, i just don't see it. I just i just don't see that potential connection. Am i saying it's gon na happen? Am i guaranteeing it absolutely not, but to me in my brain, this was like a very obvious like a to b and just draw that line like i'm, not um charlie day, in always sunny in philadelphia with the twine all over my room. If anything in the world of conspiracies and what happens here, i feel like this is one of the easiest one folks nft platform company that now has nfts.

I i don't know and people are just like - i just don't see it. I just i i know i have coffee and i know that's a coffee shop. I just i don't really see that that overlap there you're gon na have to draw that one out for me matt but yeah. I i feel that way.

Do i know anything. Do i have any extra inside information that you guys don't not at all, but to me it makes sense um, especially because of the extreme overlap in the support bases of amc and gme. To me, this they're lining this up for, like a perfect strike, we're setting up a t-ball for, like i don't know, derek jeter or someone like we're, just pointing like hey. If you hit this ball, like good luck, that would help us all out to me.

It's gon na take time once again, this stuff doesn't happen overnight, but if we get into the world of amc being somehow connected, especially with someone like marvel, marvel has its own insane fan base. Imagine the world in which amc partners with marvel to make nfts and all those nfts are bought, sold and traded on gamestop's nft marketplace like that would be insane that would be insane um. I think it's crazy. I think it's a crazy good idea.

I hope they're going in that direction and time will tell time will definitely tell all right so loop ring once again. That's the crypto kind of backing of the work. That's going on right now for the nft web 3 development, very, very cool, and you can actually check this out. This is all on gamestop's website, as they add uh additional jobs, because every so often they do seem to be adding extra ones, which seems like they're really going along with the project.
So i am particularly excited all right. We don't need that anymore um. If you want crypto right now check out voyager um, it's pinned to the top of chat. You could get all this crypto as soon as you trade, a hundred dollars of any crypto.

You get an extra 25 of bitcoin. If you want public check out public, it's you get up to 70 when you sign up it's free trading, no payment for order flow, no market makers um there is this like weird assumption that i'm somehow supportive of payment forwarder flow, i'm not! I think the it is better if you want to trade on fidelity, make sure you're ordering on lit exchanges same with e-trade same with interactive brokers. I think one of the biggest issues in the entire market right now is the extreme amount of off exchange training. I implore anyone listening right now to do whatever is necessary um if you want to support that fight, to get your trades done away from market makers um on lit exchanges - i i don't.

I read some of these comments about me as, like i'm somehow supportive of it. I don't know how to be less supportive of this amount of off exchange trading. It's crazy, ding, ding, the casino is open all right. Let's do it, let's do it.

Let's do it. Uh, what do i think about ameritrade td is good. I mean i've used, think or swim quite a bit. All of those are fine um.

You just have to make sure to route your orders if you're on something like td or e-trade or even fidelity, uh they're great, but you have to go out of your way to route the order yourself. If you're not routing it there's a good chance, it still ends up at citadel. So i'm one of my fears is that people are like. Oh i'm, on fidelity, so i'm just good! No, no! You have to go out of your way to pick your route if you're not picking your route, it's going to end up still at citadel, there's a high chance of that.

It still ends up at citadel. So all of those e-trade td, fidelity, good good good, just make sure to actually route your order. Uh matt. I had a dream where i met you and trey and we were all celebrating the squeeze.

Even in your dreams, you're thick happy thanksgiving buddy. Your thanksgiving was so thick beyonce got her. Perhaps during the halftime show. Uh opinion on rdhl was looking to get into a call this week, all right rdhl.

Let me write that down r d: h, l popcorn, not coffee and wax p, not lrc thoughts. Uh. I like popcorn and coffee uh, but i'm a big fan of lrc uh, so i don't know if i like wax more than it i'll have to look into that project, but uh i have like loop ring. I actually wish i had more loop ring uh.

Currently trading just under three bucks, but i'm very happy with it. Matt thought on prog prog, prog prog. Let's bring that up 350. um, so prague below four.

I think that's gon na psychologically start to like scare a few people, because i think people uh which start to chase - and i always always i i feel like once a day when we're streaming, i'm saying don't chase, don't chase, don't chase buy at support, don't buy Something that's just ripping uh, that's where people get into dangerous situations, um, and i think a lot of people got in above four and then that starts to like freak them out when it goes sub. Four. So for me - and i can't tell anyone what to do - i am not in prague for a short squeeze, i'm in it, because i think it's fundamentally undervalued. I think it is uh a net benefit of a company for humanity, as it relates to one of the most popular drugs in the world of humera.
I think a lot of people who it's necessary for them to take humera would rather in oral methodology rather than getting injections to me. It's just undervalued um. I do think it has the capability of squeezing - and i think that's like in the icing on top. But if it squeezes cool i'll, take my money i'll wait for it to come back down and then i'll buy again and then, if it doesn't, because nothing's ever guaranteed, i'm just going to sit on my trades because that's my shares because that's my trading plan as It relates to prague, i have a main v-wop line on my chart, not all three lines.

If a stock is showing upward movement over the v-wap or below the view-op or down-drum movement above or below what situations are good and why um bramble. So there's a lot of different potential. I guess ways to use v wap, so v wap is the volume weighted average price? So basically it's just telling you the average participants, like especially for whatever time frame you're. Looking at what price did they get in at um? Most of the time people like it above viwa, because that's telling you for the action that most people are fine like they're in the green, so they have no reason to panic.

So when you have the average price that people are in at well, you know, then the average person is either happy or not they're happy if it's above it uh. If the price is currently trading above the we view up and then they're upset, if it's below it in terms of actual training methodology, people use v-wap as support and resistance as entry triggers and exit triggers um with that, it kind of depends on your time frame And how you're looking at it like, i would use more filters for a trading plan than exclusively vwop, but for people who this is their first time hearing about v, wap and trying to understand like what is or isn't going on. I would strongly suggest that the generic view of it is it's if it's above and bearish, if it's below, but there's quite a bit of gray area. Within that statement, hey matt, i sent you an nft from my encrypt zero account on openc enjoy the pandas mike m.

I appreciate that happy thanksgiving man, wait, you mean like like like profit, is hang on. What is that symbol brendan, oh equivalent to altruism approximately equals? Not equals seems to me like your thanksgiving, is getting so thick scientology is threatening to reveal its secrets was watching your thick clip story over the weekend and my totally real wife very much agrees with your thick fashion, thoughts and problems. Happy monday and welcome back shout out dave, oh very important, uh just so you know my schedule for the week i will be taking off thursday. I have to do an interview so normal streaming, monday, tuesday, wednesday and friday.
I need to take off thursday. I need to go up to the big apple and do an interview uh just so. Everyone knows thursday, mateo, no streamo, matt love what you do. Thoughts on req crypto exploding thanksgiving after partnership with s a and d, and she newegg news all right.

Let me write all those down req req, all right. I got him all right, uh searstock, moving again over the weekend. How was seer stock moving over the weekend when the market was closed? Is there any chance of squeezing prog? Now the short interest drop so much? I covered that in more detail this morning, but i think it's actually being under represented right now, because to me with such a high cost, to borrow it doesn't make sense that people would be paying that fee without the position being on so they're renting out. The shares and then doing nothing with the shares, so it just it just doesn't add up to me.

I think the short interest right now is currently being underestimated and we'll know that in about two weeks whoa all right, we got ta kick one guy. What is this all right? We kicked him man that was, that was crazy. Uh. We had a straight-up racist in here, so good thing we got rid of that.

I mean yeah, sometimes we're we're joking around with the greg's and that stuff, but as a moderator as a creator when you have like racism, homophobia, xenophobia, like those are such obvious, like just kick them out of here. I just it's insane, it's ridiculously insane, but we got him out of here. I mean people, they just do it. They want a response.

They want to be like that's their mindset, they're, just crazy people, interesting, so tesla's, actually kind of holding up with the spy. Well, the spy's still up one percent so intraday, it's not looking the best, but it's so green on the day because of its strength and pre-market trading, but tesla actually just looking real good thoughts on amp token amp uh. Do i see potential? You know. Quite a few people have been bringing it up and it seems like it's getting brought up more and more recently, but i don't i just don't know much about the project to be like, oh okay, like do i see the potential like so for me, even if You disconnected loop ring from gamestop, let's say that that was something that was never noticed or discussed.

I see potential in loopering because i see the potential and decentralized exchanges i see the potential in. Do we have another crazy person? We do that's crazy. You would think that youtube would just easily block those people like this is just nuts we just have like a psycho, and i don't know that's that's the type of stuff that we need to quickly get out of this community people who are outwardly racist. You have people who are outwardly using like homophobic slurs, you have people who are outwardly sexist and i'm like that's such a poor representation of this community, and you see it.
I mean those people like it should it should be one of those things. That's not even like thought about like whatsoever. You see, everyone should be like. Okay, that's a crazy person like let's just move on with our day, yeah they're kicked out youtube, doesn't even prevent you from creating that name.

That's yeah! That's the crazy part is why wouldn't youtube? I don't know uh youtube fixed the dislike button, as in like it's back or it's not back, i haven't really. I mean it didn't really too much impact my life matt rumor has it that the twitter ceo is stepping down jack dorsey how's, the the stock reacting. I mean it's intraday, it's trading downward, but it's up five percent, but also the market's bouncing twitter. Ceo.

Let's see if this, how big this rumor is twitter, twitter, twitter, yeah, uh, jack, dorsey reported to be stepping down as twitter, ceo whoa, a twitter, ceo, jack dorsey is expected to step down. Huh, that's pretty crazy uh! Maybe i don't know, i hope, whoever the new ceos can do better than jack did. That would be ideal all right, tesla having a very good day, amc currently at 37.60 and then gme at 205.. So as we're waiting for this to play out, let me get to somebody: are you still holding prague? Yes um? I was talking about that just a bit ago.

You must have just hopped on, but i i still think it's just an undervalued company. I don't like um, i i don't think it's a good trading methodology to exclusively look for, like these short squeeze plays. Um short squeeze plays. Excuse me, i'm honestly happy with my amc and jimmy like i.

I don't need to go around hunting for, like everything like this is gon na squeeze. This is gon na squeeze. This is gon na squeeze uh. I don't think that's a good way to really engage in the market for so much.

I'm happy with amc. I'm happy with gme um, i'm happy with with both leadership teams are doing i'm happy with the community that like supports them. I like symbolically what the two of them represent. I'm happy with it, but i don't think it's necessarily a good idea, actually, not neces.

I don't think it's a good idea to engage in the market and be like i'm gon na hunt for this squeeze play. I'm gon na hunt for this squeeze play amc and jimmy um lots of pros, but also with pros, come cons, and a lot of the pros are the fact that we're here right now we're talking about it. We're shedding light on the things that need to be discussed in the public forum. It brought a lot of people into the market, which i think is phenomenal, but a lot of the people that amc and jimmy brought into the market have it made them think that short squeezes, especially of the insanity level of amc and jimmy, are commonplace, and they Are not commonplace um, so with it i mean, even throughout a day the amount of people they're like.
What's the or text numbers on this one on this one on this one on this one, it seems like some people have it in their mind that they only want squeeze plays, and they think that if something has a high short interest, it has to squeeze - and I, i think, that's a dangerous thought. I don't think that's a good way to think about the market and how to handle the market um are there squeeze plays yes, of course, but does that mean every single day there's some sort of stock? That's squeezing! No! No! No, not necessarily can be used in depositions later they can't during the first one based on anti-semitic forum comment. Can it i don't know, i just think people that do that they're um, basically the like bottom feeder attention seekers and they have like a single digit iq. So i don't think any of our brain energy is well spent.

Thinking about the those people uh killing me with the wax overlook wax is the most used blockchain in the world, huge nft market and is launching nft, not amc. Wax reach out to amc wax equals gme 2 research wax ceo he's legit uh, no, i'm into it. I just don't, i can't i don't know anything about it, so i can't like really speak on it, but the fact that this is the first time hearing it. I don't know how it's the most used blockchain in the world.

Uh oh youtube, youtube's getting me am i back. I think i'm back loaded back up. I don't know what youtube's been doing. We've been having more youtube issues lately, all right things, look like they're, actually not holding that.

Well, so twitter going red what is going on with youtube spy going red? Well just so you know, it seems, like things are fine over on twitch. So if there are persistent issues, club abilities here and green tree, hugger dismember they're all having a good time, but anyway, back to where twitter board settles on successor have been planning dorsey to leave for a year. Huh interesting, i wonder who it's going to be winner, who's on the short list, someone asked if i'm hungover? No, this is when you get sick traveling, you know. What's weird, i have a story for all of you as we're letting the market do market things.

So i was gon na go on a twitter tirade and i chose not to but i'll instead go on a youtube tirade. I had a flight down to austin texas from philadelphia, two pretty well known, airports, philadelphia, a major one and austin getting bigger austin's, actually deceivingly small of an airport like i thought, it'd be bigger, but it's important now, just because so many people are going to austin. These days and i bought a direct flight from philadelphia to austin and if anyone's been flying lately, you're gon na know that it's been a pain, a pain, a pain and pain. There's always just some weird issues and they just they're.
Like i don't know, it's like crew rest, it's lack of crew. It's maintenance problems like they just have like a laundry list. I think they just roll a die and they're like all right. What excuse are we going to give them this time they rolled the die? They let it hit like all right, like we're going to give them number five and, like you, read that they're, oh, your plane has maintenance problems.

You're gon na have to wait a little bit and then you come back. They roll the die again they're like oh. We took care of the maintenance problems but looks like the crew needs rest now, so uh you're gon na have to wait for that. So anyway, that's the kind of day i had.

I had a direct flight and i got this email and i was in the party, so i had to go to like rehearsal dinner and everything and they're like oh, like you know how you bought that direct flight from philadelphia to austin. I was like yeah. I do like okay well, you now have a connecting flight in charlotte. I was like okay, that sucks, but uh also like could i have a direct flight and they're like you can, but it doesn't leave until half a day later and also that flight is full.

But if you want to wait on standby, you can. I was like. Is that a serious suggestion - and they just looked at me - and i was like okay, that that seems silly but um, okay, whatever i'll, do the connecting flight um? Do i get there any later and they're like an hour? I was like okay, not a big deal. I could do that.

I built that into my schedule. Like any good boy scout, i was prepared. I had a time buffer and i'm sitting there sitting there sitting there and they're like um yeah. You know about that connecting flight.

I was like yeah. I definitely know about that connecting flight that we just spoke about like well. It's delayed. I was like well by how much like an hour.

I was like okay, not a problem, don't freak out, don't yell don't get angry. You planned for this. It was built in and i was like: okay, not a problem. Sat there sat there sat there and i get another email and like hey, you know that flight that you had, that was a direct flight and then we added a connecting flight, and then we delayed that flight.

Well, uh. We have some good news and some bad news. I was like okay uh. What's the bad news, they're like it's delayed again well that that seems very bad.

What's the good news and they're like oh yeah, we lied about that. There's no good news like we just we like to say that, so you seem you feel better that there's gon na be good news, but actually, in fact it's just it's double bad news. The the second bad news is that there's no good news. It's just delayed again.
I was like okay, not a problem. Actually, i said that to like keep a cool facade, but no that was very problematic at this point. I'm missing whatever the pre-wedding crap is that i have to do and i'm like, okay um well. This is gon na suck so anyway, and that's how it all played out.

They didn't delay it anymore. They didn't have any problems like that. The some people that work at american airlines are awesome. Others of them are complete.

It's just like luck of the draw of who you speak to and what was fascinating about the second flight i ended up in charlotte, and then i went from charlotte to austin what was crazy about that flight to charlotte to austin. Is it's about a three-hour flight which blew my mind? I thought charlotte and austin were way closer and then i looked at a map and i was like oh, they are not close at all, but anyway that's just my misunderstanding of geography, so the guy who was sitting by me on that flight, i could tell he Was uncomfortable like he, he you just get that vibe. You know you know me reading auras all the time. I was something about him.

I was like this isn't right like i could tell he was unwell. I was like. Is he sick like what's going on? Did he fight with his like wife, like his wife and his kids, were there like? Just you could just tell something was off and about two way: two-thirds of the way through the flight he got up and went to the bathroom. So i was like okay, wait.

Whatever uh, you don't think much about that, and then he was there for 15 minutes. I was like oh he's, probably having a tough time in the bathroom 30 minutes passed. I was like he's definitely having a tough time in the bathroom and then all of a sudden around the 45 minute mark. I see that his wife is even getting concerned and, like she keeps looking in the aisle she's looking she looks and then she looks at her kids and it was at that moment that i realized that she was hit with a philosophical issue.

In her mind, she has two younger kids with her, but also her husband is in a distressed situation. Uh, that's a tough one. I think most moms out there would be like eh he's fine. I'm gon na hang out with my kids like what could go wrong.

It's a plane but still like, i think, that's probably the right decision, but it's still like a philosophical decision. Nonetheless, your husband hasn't been seen on a plane for 45 minutes, but you're also in charge of these kids and then, if she looks over at her neighbor me, i don't have the kind of face that you just say: hey. Can you watch my kids for a second you just i i don't look like that, so she's not going to get help from this guy. Unfortunately, i would have said yes, but i just don't have that face that like people would ask so anyway, i wasn't asked and then she just sat there and sat there and sat there and then the pilot dude captain el capitan.
He comes on the loudspeaker and he's like hey we're landing in like 20 minutes, so everyone buckle up like put up your trays like do whatever turn off your computer. We are gon na land. This bird and i was like oh okay, that he has to come back now because, like they're, the fact that you have pilots and stewardess who, like they freak out over like one of those trades like if your tray is down they're like we cannot land this Plane right now, there's a tray down in 14f, you got ta prick up that tray or something bad's gon na happen like that's how they act and i was like well. This is more than a tray.

We have a human who is not in the seat who he needs to be in his seat. Right by me, i was like this is going to be something and then it ten minutes passed, and i was like. Oh man like we're getting like you can feel it. Your ears are popping like we're coming down we're coming down we're coming down and like i'm like this dude's, not gon na come back to his seat, and i didn't know that was even possible and then we legitimately landed the plane, and this dude was either back Hanging out with a stewardess or like in the bathroom the entire time, so for the final hour of this trip, this dude was not in his seat.

He did not sit there, the entire time whatsoever and we landed a plane. So now, i'm just starting to question. If a human doesn't have to be there, why do i have to put up my tray? I just i don't see why i have to put up my tray if, like apparently a whole human doesn't not have to be in their seat um. So, just a little bit of food for thought.

The next time steward is yellow at us about our trays like well. I heard on that youtube guy that a whole human wasn't there. So how? How important is this? Is this tray thing tray situation, but i also want to make it clear: don't be one of those people that gives stewardess a hard time they like do. You know how many ding-dongs stewardess have to deal with day in and day out in general, like conceptually? It's a debate i would like to have with a steward or a stewardess when they're not working their job, but like oh man, that has to be a tough job, you're exclusively dealing with people all day every day and in an environment that they don't want to Be on no one wakes up in the morning and they're like yeah, i want to sit on a plane for four hours and the seat is meant for someone who's like half the size of a normal human folks, i'm five, nine five, ten five, ten five.

Five! Ten, i don't know whatever i'm around there, if i'm not able to fit in the seat. That means that there are hundreds of thousands of people who fly a day who can in no way fit in the seat if i'm sitting there as like a normal sized human being, and my knees are touching the chair, if you're 5, 11 6 foot above you're Screwed planes suck for you and everyone's disgruntled everyone's. Like am i going to make my flight? Why was my flight from charlotte to austin delayed twice? Am i going gon na make this rehearsal blah blah blah like everyone's stressed, and the people who work on these aircrafts? That's just all they deal with people who are not happy the chance of someone being happy is so incredibly low and that's all they get day in and day out is people who are just like pissed off flight attendants, not stewardess. Oh aren't those the same thing.
I'm sorry flight attendants did we get rid of one of those names? I didn't flight attendant. Is it like one of those things where we say like actors and actresses? But if you have a group actors, it applies to the whole group.

12 thoughts on “Is the market panic over?! amc, gme, spy tsla dumb money w/ matt ep 159”
  1. Avataaar/Circle Created with python_avatars Yahshua11 says:

    Who's panicking?

  2. Avataaar/Circle Created with python_avatars Mario Bachmann says:

    Matt kohrs is a slime bucket millionaire…. STOP PROMOTING WEBULL U LOSER!!!! AS LONG AS THIS DOESN'T SQUEEZE MATT AND TREY MAKE MILLIONS OFF OF US…. WE ARE THE JOKE

  3. Avataaar/Circle Created with python_avatars Conner Brooks says:

    Investors should avoid picking stocks unless they are actually willing to research the company. If you listen to these YouTube guys and chase big returns by investing in the latest hot stock, you're likely to overpay

  4. Avataaar/Circle Created with python_avatars Tony Denaro says:

    Missed you at my hometown (Austin) sangria meetup – DM me next time you’re out my way!

  5. Avataaar/Circle Created with python_avatars Dad Austin says:

    When are these going to squeeze?

  6. Avataaar/Circle Created with python_avatars Mattyew says:

    AMC and GME will always be THE meme stock. no matter what anyone says, they will always be our wild card ♣♦β™₯β™ 

  7. Avataaar/Circle Created with python_avatars David Padron says:

    My life has totally changed since I started with $ 8,000 and now I make $ 24,450 every 10days☺️

  8. Avataaar/Circle Created with python_avatars Markiemark says:

    The shorts and the hedgies are still playing their stupid games. Procrastinating the inevitable squeeze! 🀣

  9. Avataaar/Circle Created with python_avatars Audra Bell says:

    What are we doin with Prog lol?

  10. Avataaar/Circle Created with python_avatars David H says:

    He posted it himself on Twitter

  11. Avataaar/Circle Created with python_avatars shimmer says:

    Cardano is still on my etoro, I can still buy.

  12. Avataaar/Circle Created with python_avatars Snowdragon says:

    Hey Mat, hope you had a great Thanksgiving, and enjoyed Toronto ? Hope your batteries are charged so you can take us to the Noon Dude hey !

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