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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
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Dumb Money w/ Matt Kohrs
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
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Team, what's up so so, shut the up folks we're here to talk about some of those moving lines and bar charts and other numbers on our screen and see what's going on in the world of the markets today, i'm very very excited. It is tuesday april 5th. Aka, the alleged birthday of satoshi, the guy who made bitcoin so hey, that's pretty exciting, so we're gon na be at first. I was sitting here.
I was like man. What am i gon na do? What am i gon na talk about with all my digital friends on the internet today, i'm not fortunate enough to be one who's skillful enough to just hang back and play some video games. We got ta we to talk about the old stock market and things were quiet. We have some negative news to go over related to the whole russia thing.
I have an update about some basket hoops. We got to talk about kanye and sometimes you just sit there and you're like man. We need something else. I i need something to go over with all of you: beautiful apes and then bottom bing bada boom.
The content finds you our boy, elon musk is at it again. Apparently, when you own the most of a company coming in at 9.2 percent and in the span of like a week, make overall billy off of it. That's what gets you promoted to being on the board? So, yes, it was just announced a mere few minutes ago that elon musk is now on the board of twitter, and this is pure comedy in its most amazing form. We got to go over what it is and we got to see the response to the current ceo, and this is such a classic thing of people trying to act like this is cool, and this is like what they wanted and there's no way that their egos Bruised when, like that, guy 100 was on his stomach crying like just a temper tantrum freaking out like.
Why would elon do this? Obviously, that's all alleged and half the stuff i say is made up anyway, but that's what i just assumed happened. We was like no, no he's, definitely michael scott in the scenario and i'm referring to the ceo of twitter he's just like no, no, no 100. What had to be going down over the weekend with elon uh, i love it. I love it.
I love it. I love it so we'll be getting into the details of that and right now i mean i'll just switch this over. So you can see. What's going on, uh twitter is like absolutely ripping, so yesterday it gained 27.
Now it's up by another 7. This is just so so wild, oh before we get into all the details shout out today's stream sponsor i'm talking about attendees tendes is an app for ios. They will be rolling out with android quickly. It's pinned to the top of chat.
It's in the description of the video. It is 100 free, in fact, there's nowhere on the entire app that you could even pay for anything. It is all completely free. You get free options, flow and free social sentiment analysis, it's called attendees and it's kind of a wrap around analytics on wall street bets, and then they also recently just came out with free options flow.
It is free f-r-e-e, you might as well download it. It's pinned to the top of chat. It's in the description of the video, if you're watching this right now, click on it check it out. It's very, very cool shout out to attendees for sponsoring today's stream so anyway, and you could actually see some of the craziness and twitter option calls yesterdays on it. Twitter, this is this is what i live for this type of, like it's not really a degen mentality, but just the hilarity of the situation where, like we're, really in a society where we have all these, i guess whatever maybe appropriate - maybe not appropriate social constructs and Then you have certain people, and i guess, being the world's most wealthy human being allows you to like make up whatever new contracts you want. Elon not liking the direction twitter's going spent a mere fraction of his month. We're talking about a guy who's worth of roughly 275 billion, almost 300 billion. He spent a little over one percent of that he put in, like 2.8 2.9 into twitter, already made a billion off of it.
So he's probably up 30 to 40 on his investment, and it's just like part of it is for the lulz. Is he also most likely improving a platform that has some like questionable opinions on free speech? This whole thing is just so so funny and the way he has created his persona. He just has this massive cult like following, like he could strong-arm any company into doing what he wants. I love it.
I love it is that healthy. I don't know like with great power, comes great responsibility, type of a thing uh. I don't really know of anything necessarily like horrific that he's done he's like exploring space, giving us electric vehicles. I would say overall he's a pretty good net benefit.
So hey! I am here for the ride, but before we get into more details of all that, let's very quickly hop into what is going on with the overall market. Today, oh and as you can see, this is the breaking news we'll go over that in a second dow down by point two: four percent: the s p down by point two: six percent: the nasdaq down by point three: five oil back up approaching 105 a barrel And then the yields are up, and obviously this is something with inversion that we should keep talking about. Wait is our boy kramer still talking about this, hang on hang on. What's kramer saying, disclose your trades within uh two days and now you'll also be subject to uh functioning democracy? Do you believe, let's see what they're talking about, we can't go a day without getting the hot kramer tips come on, come on, come on, see what we could all we could all have our own view of what would be improvements.
That's what makes the world go around, i think, but i wonder what elon uh is talking about. Another yeah he's playing his cards, his vest, i mean one thing: i can you imagine him being in a board room and not running the board uh. I know that they're welcoming him, but i think he's a trojan horse there's no way that the current uh, the absolute uh current makeup of the board and the way people have been going is is uh at all in agreement with what musk had won musk once A very different quitter yeah. What do you think in your view? What does that? How do you mean? What do you mean? I think he wants to be more substantive. I think he's trying to figure out uh how to make it so that it's not just uh scatological negatives being said, i mean you have 80 million people whatever how many followers he has at this very moment, and i think he'd like to somehow convert the followers Into something good, besides just following right - and i think that one of all the things he's deciding that he's put out are all about how to kind of make it a little bit better a little more flexible, but maybe to get it so that it's not a Dying uh dying on the vine product, the company always says things are going great and yet the stock always indicates the truth. I guess jim some people think that elon it and - and if you look at that, i think the rest of the day you tweet, i hope somebody logs under what's called section 16 swing, profit liability, um and in joining the board he has fiduciary duties to uh. Other shareholders, so you know obligations, there's some good news here in in terms of the obligations but walk us through what this would mean he would have not is. Is this a situation where he's not going to be buying more stock they've, come out and said that he won't increase his ownership beyond? I think what was it 14.9 while he is still a director of the board or in the three months after that, but he could be continuing to buy shares and we'll find out at some point.
Well, once once you join the board and we'll put the 13 dg aside, once you join the board of directors, you have obligations under, what's called section 16, to disclose your trades within uh two days, um and now you'll also be subject to uh short swing profits. So, just taking a step back and i i can't go through the technicals in the time allotted, but you know this indicates a a longer term um holding uh for uh, mr musk and twitter aj. Let's, let's not bury the lead, you you were the one who sued elon musk over his comments made on twitter and ultimately settled with him um and put in place guidelines for the way twitter, or rather twitter, rather tesla is supposed to oversee his tweets. Do you believe that that approach will now be applicable to him within the context of twitter, so is twitter's general counsel and and their lawyers going to be having to oversee any tweets that he sends in regard to twitter uh? Let let me be, let me be a bit rigorous here, andrew um, you know the as he's not going to comment on the specifics of and it's you know it's a commission, the sec action that andrew referenced was uh.
You know in relation to tesla. This is a different company um, and so you know any obligations that he had with respect to that you know are to tesla related disclosure, so so there's not a broader, a broader issue in terms of how he uses twitter. What kind of comments he makes on twitter now that he's part of the board of this company? He will obviously have access to information he wouldn't have otherwise had before he was acting. As a you know, a citizen uh, a user of the service, now obviously he's acting potentially, as i mean not potentially as a director does that change the dynamic i think you have to you have to look at the various obligations and where they stem from andrew. From different companies and the like, i don't think, there's a simple answer to your question. I wish there were, but i don't think there is jay just again going through i mean i i've seen a lot of stuff on twitter of all places, people questioning what he was doing polls ahead of this. That didn't seem to me like a huge violation, but did you read anything there if he was asking twitter for for polls questions about twitter while he was a while he was building this 9.2 stake that i don't think that's a violation but tell me if i'm Wrong yeah, you know becky, i'm i'm gon na leave that one um to the regulators uh, but i i'm sure that people will look at uh treasury morning. Welcome guys, understanding the capital markets and or all right, they're really going into this one all right.
So anyway, you guys you get the point. You understand, elon musk, to join twitter's board of director teases significant improvements. Elon musk will join twitter's board of directors after taking a 9.2 stake in the social media. Company uh shares brought more than 5 in pre-market trading.
Through conversations with elon in recent weeks, it became clear that to us he would bring great value to our board bull. Not only am i on my but perrog agrawal, the ceo, the current ceo jack dorsey, was the founder previous ceo. Now perag is the current ceo of twitter no way does he mean this no way, no way, no way? No, how i'm excited to share that we're appointing elon musk to our board through conversations with elon. In recent weeks it became clear to us that he would bring great value to our board.
No, no! No! No! No! No dude! You and i tweeted this out. You were dunked on man, elon cayman dropped, billions on the table, elon walked in, he was looking good. He took three billy and, like that chef guy, he just put it all over the board's fancy schmancy table and he said: listen up. Here's how it's gon na go.
He is literally the single, the largest single owner of it, more than vanguard, more than blackrock even jack dorsey. The founder he's all the way down at number. Eight folks. Do you realize how crazy this is? He walked in he's like all right twitter.
Are you gon na give me problems sec, you're gon na give me problems i'll, just buy it. This is so so funny. Is it bad if the world's richest person does really mess up things with it? Yeah, probably, but as of now, this just is funny as like. This is so so funny he's like all right, uh, you're, gon na do what i want and they're like. Oh we're excited to have you know you aren't he'll mess, muscle you out of your position. Like i said yesterday, if i was on the board, i would be bricks right now and elon came in and he's like. This is how it's going folks. This is how we're gon na go, and then this morning he tweets out something that everyone on the planet like.
Even if you see all these comments, it's so so funny uh. So he followed up he's both a passionate believer and intense critic of the service, which is exactly what we need on twitter and in the boardroom to make us stronger in the long term. Welcome elon dude he's gon na like there's no way imagine a world in which elon this guy look at this picture. Look at this picture.
Does anyone really imagine a world in which elon is just he's just sitting in the board he's just like calmly, taking it and he's like? Oh? What's our daily active users um? That is good growth perrog? Yes, we should censor more free speech. I no look at this guy. This guy is freak. He's a human goddamn mustang folks he's not gon na sit in the corner of a boardroom, he's going to walk in he's, going to do the macarena on the table and he's going to look at a person.
He's like you're, fired, you're fired, you're, fired we're doing this we're doing this. You are fired. Get me a coffee. You are fired this, it's fireworks! I would pay any amount of money to be a fly on the wall in twitter hq right now.
This is that dog meme of like it's fine and everything's burning, except that everything that's burning. It is elon with his flamethrower. He just walked in he's like oh that's, a nice wall like we're gon na do a little bit of remodeling today, and it's him with the flamethrower that caused everything to go completely insane. I love it.
I just. I thought this would be like a one-day blurb. Yesterday, but the fact that it's turning into this, i like it - i like it - i like it and then this was obviously pretty funny. Do you want an edit button? Yes spelled improperly on uh, we should have an end like i'll joke about a lot of things.
On here, but there's a couple things, i think we shouldn't joke about, and that's one thing i think i really think we should twitter should needs twitter. Edit button get get an edit button. Twitter needs an edit button, get it all right now we can go back to joking. Around looks like elon is throwing around some big d: energy yeah.
I guess that's what it allows you to do and it's still it's up. 9.5. After running 27, i have no twitter position uh. I just want to make that clear.
I think this is hilarious. Of course, i wish i had a position who wouldn't want to get a piece of that speaking of another one that had a crazy run. A tyrian ater went up 47 yesterday, currently up 11 percent in pre-market right now, gme is slightly down. Amc is slightly down. Man, we are like not doing the proper order of how we get ready for the stream today. Um, i don't know this is what i get paid. The big bucks for you got ta, take it all in stride. Five things to know before the stock market opens tuesday april fifth wall street looks lower after two session winning streak.
Treasury yields obviously we're talking about that. The inversion, the flattening all that stuff. Yes, it's important to pay attention to, but it doesn't mean doomsday - is coming. The very next day it takes a couple days, obviously to get a doomsday scenario: oil jumping up a little bit.
We got to talk about some new sanctions, but basically, actually that's some pretty horrific thing. So we'll talk about that, eli must have joined twitter's board tweets edit button poll, uh amazon signs rocket deal with three firms to launch internet satellites uh eu to propose ban on russian coal imports according to sources. Yes, so that's a big thing. This also somewhat related oil we'd, be talking about that shanghai extends lockdown, ba2, sub-variant 72 of us cases, no clue what that means, but apparently there's a whole new sub-variant going on out and about so.
Let's talk about the not fun stuff, u.s and allies vow action over reports of russian atrocities in ukraine. So here's what they're talking about ukrainian authorities discovered a torture chamber in butcher where russian soldiers that killed civilians - obviously not a good thing, but then, of course, they're. Like no, no, we didn't you are lying and then the new york times said new york times, analysis of saturday images pokes holes in russia's denials, about civilian bodies found in bukka or, however, you say it so it seems like they were just trying to say. No, we didn't do it, but then we're like yeah.
No, you obviously did well. This has led to the u.s president joe brydon said we should try putin for war crimes and then the president of france said uh yeah. I agree and let's hit them with more sanctions. The eu needs to get off oil and coal, so that's kind of a big deal and after the french president said that which you can see right here, uh.
Let me just get the breaking news. They did. Half of it already, where is it there should be an asterisk somewhere? It was announced that the eu is going to ban coal imports from. Where is it that the eu distinction 2 of president putin's daughters? He has daughters, a close eye on agricultural exports.
Okay, anyway, they are banning the imports from russia of coal and then later this week, we're expecting another round of sanctions based on basically civilians being killed and these war crimes um. So, whenever you're talking about sanctions in the energy world, that's going to naturally lead to a spike in the price, and that's why we see oil currently sitting at 105.. U.S sees this russian oligarch's, 90 million dollar super yacht and, as you can see, i just accidentally got out of a tab. I didn't mean to no clue on how to reopen it. Hey say: lavi we lost it. That was basically just about. They have a 600 million dollar like interest payment due and the us is doing all in their power to block it's just part of another. What they're looking to do in stepping up the next round of sanctions anyway, u.s seizes russian oligarchs, 90 million yacht in spain.
So this guy victor not really having a good day. He was in uh owned by russian oligarch billionaire victor vexelberg. So he's not gon na be happy, but they do now have this guy job all right. So that's the situation of what's going on with ukraine right now and why we're seeing a little bit of a spike in energy.
I posted this on locals this morning. The s p 500. It's a cup we're forming a handle. We have a reversal pattern: a hammer candlestick right.
There cup handle hammer candle reversal. I am long on the s. P. 500.
I am bullish on the s p. 500. My first test is 458, then i'll be watching 462. Then i'll be watching for 72 473.
Those are my targets um, you could play it. However, you want, you could play directly through the spy. You could do it in the options market. You could do the futures market, you could do it.
However, you want. You could bet against volatility. As long as you are confident in a particular direction, there are many many ways to play it and i'm not really here to tell you how to play it. I'm just of the opinion - and i put my own money on the line that i think that the overall market will be going up.
Obviously, i might be right. I also might be wrong. Who knows? I am not an expert trader, i'm also not a financial advisor. You got to do what's best for you, but that's a play that i'm particularly in right now, one of my more like active trades.
So that's a look at the overall market, the s p. 500, the nasdaq! Yesterday, the tech sector did very, very well looking for a test of 372. uh uh. Well, it's also a range right here: uh somewhere between 370 and 372..
That's the rain, i'm watching on the tech sector, but look it cup handle very similar situation to the overall market and in terms of the russell, the small cap sector. Actually, this is the one that's gapping up this morning, while the spine, the q's, are in slightly in the red uh. I would love to see a test of 212 very obvious, just this recent spike and then from there i'd be watching 219, but i'll mark that out just so whatever posterity space sake. Okay, so we got that out of the way.
So that's the overall market and before we get into some of the stuff with the individual stocks shout out to anyone who is a fan of kansas, kansas versus unc score um, so kansas 172 versus unc, the tar heels 69 uh. So if you are a fan of kansas, congratulations, if you are a fan of unc well that sucks, if you don't care about basketball well, i have maybe something that you will care about. Kanye west drops out of coachella no travis scott either. So i assume - maybe if you just don't like basketball, maybe you're a coachella fan and if you are a coachella fan well, this is obviously a little bad piece of news. No kanye, no travis scott makes you almost wonder why you bought tickets. Well, so that's your update of what is going on in the world of the world. Now, let's talk about some of these individual stocks. First amc short interest just below 21 costs to borrow, is still awkwardly low utilization still maxed out and shares on loan creeping up.
We're almost at 139 milli in terms of gamestop short interest, 21 percent cost to borrow nine utilization, still 100 shares on loan 19.6 million. In terms of amc, i am looking for a recapture of basically 23 and a half right here, 23 and a half we want to swing this back around. We had a big bullish. Push now we're seeing a bit of a consolidation.
The rsi was simply way way too high. We're looking for this to base right. I'm watching this trend line right here. This white trend line, i'm watching this horizontal level of support.
Looking for the pop and i'll feel a bit better about it when we recapture 25 and start to form the handle, um and similar kind of situation with jimmy instead of selling off gme, started barcoding and said continually finding support at 160. I'm still in my 170 calls i might get out for break even and then roll it and give myself more time because those expire, not this friday, but next friday, uh and i would actually feel very good if this gets above that 182 ish area. The other one i want to talk about this morning is a tyrion ater. Once again, it's up another 10 this morning and what's interesting about this one 35 short interest costs to borrow 30 percent utilization 100.
It is a low float. The shares on loan with a 35 estimated short interest. The shares on loan are only 12 million, so it's a low float stock. That's important to really bring up because it means it could be super super volatile to the upside to the downside.
It means it can be incredibly, incredibly vital. I have no a tyrion position, obviously i'm long on amc. Obviously i'm long on gme. I have stocks or shares of both of those and then particularly also calls right now on gme, just to be completely transparent.
With all of you, but for a tyrian, i have no position, i'm just paying attention to it, because this is the one that, back in november, the ceo of the company like tweeted out that they have proof of naked shorts, of illegal illicit bets against the company. So hey, maybe those people engaging in those types of bets are about to get their ass served to them, so just want to bring up a tyrian and also as a pretty gnarly gain and then, let's just do it because twitter's moving and i think it's hilarious To me, so obviously you got to be mindful of the gap to the bottom side at 39.85. Yes, the rsi is overextended, but remember we are this technical development of it being overextended. Sometimes it can be wiped out by the fundamental development, and the fundamental development in this case is the fact that elon is just strong-arming the com, the whole company. Sometimes you get out of the world of like technical analysis, really being useful. When you have some crazy fundamental factor going on which you're currently seeing right now in real time with twitter, in fact we're about to have two gaps: you're gon na have a gap from the high on friday and then you're gon na have a gap from yesterday. You have to be mindful of at 51.37. We do have some support at 52., i'm looking for the breakout at 55-ish, 55 and change looking for that break and then from there you can watch 58.
um kind of some easy levels to pick. Oh actually, there is a gap-fill opportunity on tests or excuse me, twitter, all the way up to here the low from october 26th. 1694. uh.
You never know. I know that seems far away. In fact it from yesterday's close it would be an additional 21 gain. But if there's one thing i've learned in doing this, you can't discount any of the insanity, especially when there's a internet cultural phenomena and people just want to be in on the joke, so something probably to pay attention to, but on.
Even though elon made a billion in like the past week on twitter, he's made even more on tesla folks, remember, he still owns over twenty percent of the company, and yesterday this gained five percent. He made he made probably the overall entire worth of twitter, like in the recent gain in tesla the he could probably buy the entire company in like half of this game, uh half of this recent run. I just want to make that very, very clear um. So anyway, it shot up.
It had a bull flag. It had nice support at 1076.. It got out of my resistance at 1115.. My next target is 1160, followed by 1200 flat, if it breaks that which i think it would need a breather.
Once again, the rsi will be like pretty overextended. I think it's going to get up there going to need a breather and then maybe on the next attempt we could get a breakout and rip to new all-time highs, but tesla doing very, very well definitely worthwhile to watch that's one of the core investments i have In my long-term portfolio, um, okay, where are we at? We have a couple minutes left i'll turn it over to you for some questions. It seems like it's going to be exciting out of the gate in terms of my active trades right now. My active trades like were something that i pay attention to and like would consider buying or selling day over day. I am long on the overall market, that's my active trade and i'm particularly playing that through the futures market, but you could play it. However, you want. Here's five dollar: please clip that i'm crying at work, uh, upstate, savages uh! Actually, all of you viewers, you can clip stuff. Now i think, as a viewer, you have the ability to clip so um.
If there's a particular little bit that you do like or don't like, hey feel free to clip it, but we'll we'll track that one down: upstate, hey matt, hater's gon na hate have a mock on me. Uh thoughts on our place, bullish, bearish on coffee our place. I think it was really cool. I mean i probably spent way too much time trying to like color certain squares and then like instantaneously.
It was uncolored, but i liked the showing from the apes - and i also just like to see that type of internet phenomenon play out anyway. I always just think it's a good time, so i liked it. It is concluded now, just so everyone knows, and bullish or bearish on coffee. I am the world's biggest coffee bowl, but i really want to specify and say i'm talking about espresso, i'm talking about cappuccino, i'm talking about latte um, particularly cappuccinos.
Actually, right now, i'm drinking like the old, the old, triple espresso, something that's super healthy for my heart, but super super bullish. That's a great question, great great question: hey if you haven't already make sure you uh completely annihilate the like button, let's pop that up to 1k likes before that bell goes dingy, ding, ding, ding! You are on the clock. You have a mere minute and a half folks, it's time for you to perform. You have 90 seconds to pull yourself together and hit that like button, i think you can do it.
There's some murmurs. There are some murmurs that, like unc you're gon na blow a 15-point half-time lead, but i don't know that's just some murmurs, it's time to prove them wrong all right. Good morning, matt an influencer within the community state did that algorithms control price movement. What validity does this have, and could you explain how algorithms work, thanks for all you do their algorithms definitely have the ability to control the market? I mean algorithms are just it's a computer trading.
So like someone codes it and then the computer is doing all the execution and the logic. So if you sit there and let's say you have a system you're like i'm - going to buy stock xyz every time the rsi is at 20 and i'm going to sell at 80.. Well, that's a system that you could just code up and then the computer does it for you. That's all it is, is um.
It's someone wrote the code and just had the entry and the exit pri like criteria coded, and then it's just automatically executed by a robot instead of like a human saying: okay, is it there yet is it there yet is it there? Yet the code is just doing it for you, um. There are many many types of algorithmic coding. You have something super low level, such as high frequency trading, which executes before you can even blink your eye. And then you have other people who have algorithms that they might be like execute a trade and be in the position for months and then at the end of like a quarter get out so in terms of time. There's all forms of time for algorithmic training. I mean i've even written algorithms, sorry about that that probably it blew my ears out, so it probably blew years here as how's that uh ding ding ding, the casino is open, i'm as shocked as chris rock right now that actually like really really hurt my ears. My apologies, sorry um, but i mean i've even written algorithms. I mean you could write as basic algorithms for turnaround tuesday.
If the market is red. On monday, you buy at the open on tuesday and you sell at the open on wednesday. Like that's a basic algorithm right there, you could do it by hand, you could do it manually but you're just having like a robot. Do it for you.
Instead, i peed myself jose jose me too me too me too, all right. Obviously, the market is open. Let's see how things are gon na get rocking today and unfortunately, i'm seeing some red out of the gate. What's going on, let's see how this is going.
Remember. First, 10. 20. 30 minutes i like to let it sit i like to lit up bake i like to let it marinate a little bit: it's the marination period of the market.
I like to let the market percolate, let's say like like the old, the old cup of coffee: hey, you guys got it to a thousand likes. Congratulations. I appreciate that you guys are the best and unfortunately it doesn't update in real time on rumble. So i don't know what you guys are at wait: the rumbler people you're only at 80., if you're on rumble you better get your ass in gear and hit that, like button or i'll find you they're like did he just threaten his entire stream? No, i didn't.
Maybe i did a little, but i'm just i'm just trying to say people on youtube were much more willing to hit the like button uh good morning, matt an influencer within the community. That's always so interesting. An influencer. I myself, as you guys know, am a lead.
Pico influencer and one day, maybe the influence gods above, will upgrade me to a micro influencer. I don't know how it works, but i don't know i'm just in my lane right now. I'm just really liking life. As a pico influencer.
I need to make a shirt. Austin are you here? I need a shirt that says: pico influencer pico influencer, i'm able to influence a very small community, maybe like a rural town of about a thousand people. That's where, like my influence level, has gotten to i'm a male entertainer on youtube, aren't we all matt influences my tulip planning decisions happy to did he just threatened his entire stream? No, i didn't. Maybe i did a little tons of people and you talk to yourself. I love it matt's bandana. Not only do i talk to myself. Apparently i talked about inanimate objects. Matt coors, don't lie.
You have no influence on nothing. You know i didn't want to address this today, but you are right. Not only do i not have influence no influence over anyone else. I s i'm starting to feel like.
I don't even have influence over myself as we're waiting for the market to go. I need to explain something so there it was. I was crushing it at the gym this morning and by crushing it i mean i was really really struggling and i wish i was in better shape, but hey applause to me. I at least made it to the gym.
You know so uh. I do this thing where some days i'm lifting other days, i do like that circuit workout, with all like the local moms um, and i was doing like the local mom circuit workout this morning and these local moms - i don't know what they have in the water Here but they are all like it's not just like they're a little bit more fit than me, they're all more fit than me. I don't know what's going on, but it's like a fit mom club and they just like allow me and for all i know, i'm probably not even allowed they just like, are afraid to tell me to stop like coming up because they can see as i cry Halfway through the class that i'm working through stuff, so i feel like their maternal instincts are just taking over and they're like all right, like we'll kind of let him do what he wants, even though, like he shouldn't be here, i don't know but anyway, so they're Doing there it was like a three circuit thing and you know you're in trouble when, on the first circuit, you're halfway through and you're like. I need this to end and you're, like you, do the math and you're, like i'm, only a six of the way through.
I still have 85 of the way to go so i'm halfway through the first circuit and it's just not going well, it's not going well, but i chug along because i was like as a pico influencer. I can't let my fans down there's a there's, a very, very low low chance that someone who knows me is watching me right now, but on that off chance, i can't let them down. There's, there's kids, who look up to me with great power, comes with great responsibility. I know i'm not really that far off from elon musk, but this is the responsibility i bear heavy lies the crown i get it so anyway, i'm chugging along i'm doing my thing.
First circuit sucks second circuit, it probably sucked, but i was just so bad at it. It wasn't that hard, but then folks behind door, number three circuit number: three: it went downhill, it went downhill really really fast. It wouldn't okay. So here's what happened uh! I need props, for this hang on one second to explain all right hang on all right. So here we are here. We are first workout of the third circuit and you have to do each circuit three times. There's a pull-up bar right. So i just i hop up to the pull-up bar.
You have to pull yourself up and you have to do like leg kicky things like you're doing, like you know how those cool calisthenic guys. I like the really rip guys that beaches are like. Oh, look: how strong i am i'm gon na act like gravity doesn't exist. We've all seen those videos on tick tock, where there's like people who, literally like don't have a normal vector of gravity like you, can't tell where the vector of gravity is in the video, because they're like they're too strong for their own body.
So i was trying to do that, but when i do anything you can definitely tell which way gravity is going. So i'm trying to do like that leg thing. So, overall you have to hold yourself above the bar. Doing this leg kick thing for 30 seconds straight at first, you might be sitting there and you're like but matt, it's just 30 seconds.
Well, you should go, try it for yourself, then, because the first one i was like all right. I did it like and i'm looking at the time and it gets down to 10 seconds. So you could do anything for 10 seconds just 10 more and i crushed it attempt number two: it's getting a little bit questionable a wee bit questionable and my body was so immensely tense in all aspects. I was like we're getting back into dangerous stair step in territory and for the people who heard that story.
You know exactly where this is going. So then we come to the final one. It's the final little sub-circuit workout routine of the day, and i was like i just need to do this one more time. The only thing that's separating me from hanging out with all my digital friends is this 30 seconds on the bar right now, matt you got to step up to the plate, you're a pico, influencer and, of course, all the other women in the class they yell at Me for talking out loud when i say this, this isn't just a thoughts in my head.
I just scream this throughout and they're like. Please stop you're like really not only disrupting the class but you're making us worried and prompting all of our collective anxiety levels to go higher and i was like you wouldn't understand. I have potential so anyway, the sweat comes off my brow. I look at that bar time slows down time dilates i hear the buzzer thing go whatever hell sound.
That makes and i hop up - i get up there and i start going and i'm doing my leg kicks. I'm i'm in the air i'm like uh, a michael phelps out of the water. If you will, but as you can recall, we're already pretty much three full circuits deep right now and i get up there and i'm tired and number two right there. That was not a good one folks, i came as close as you could physically come to yourself without yourself, like the muscle group that got the best workout. For me this morning was my sphincter. I am not saying i myself, because i didn't myself, but it took every ounce of my physical control to not myself while hanging from the air like when i tell you this, i'm being so incredibly earnest that nothing in my life, i've tried to do like with Such a direct effort i was like this cannot happen to me right now. There nothing else mattered. My blo, my entire mind went blank and i was like this is your one thing you got ta get down from this bar, get out, walk down the stairs get in your car and you got ta leave like you.
Just got ta stay completely. Calm, do not ruin this for everyone else. The way you've already been ruining it, so i did avoid it and i think that's a good sign of a pico influencer. I think that is a lesson that many of the youth watching this particular stream.
Like that's, that's a lesson that you can learn of. Sometimes you got ta step up to the plate and you just you can't take no for an answer. Even when it's a question from yourself, i was up there very much symbolically hanging just above the abyss of my own mental spiral, and i refuse to dive into it. I put a full effort in and i'm i'm a proud person sitting here right now saying i did not myself this morning and i my question all of you is, i don't think everyone here could actually say that i am willing to bet statistically that not everyone In stream could say the exact same thing so back to the original question that started all of this uh stop lying matt.
You don't have influence over people, i don't and, as i just articulated, i barely have influence over myself. Hence why i'm a pico influencer uh? You got ta, learn those latin prefixes. It's it's important to keep up with the stream uh. Who are we at? I see a lot of people talking about what is it sst? Wasn't this one that had crazy numbers up 25 yeah when we looked this up yesterday, it had some crazy, crazy numbers, short interest of 29 costs to borrow of 379 percent utilization 81.
It is on the threshold less, and this is one of the lowest float stocks. I've like ever seen ever ever ever this is this - is this: is a pico float stock? Folks, and you know what i'm talking about when i say that it's a peak, this isn't a low float. This isn't a small float, this isn't a micro float. This is a pico float.
This is absurdly small and which means that it could just really really rip the lower the float the more easily it can move to the upside or the downside, uh. I obviously have no position in sst. I just don't like playing low float stocks. Uh p, especially pico float socks, but with that cost to borrow with that short interest, i mean you could definitely see some of these shorts getting absolutely hammered.
Uh jimmy apparently not doing much this morning, barcoding, please. Let me know if it breaks above 168., we have amc trying to recapture that important support that we laid out this morning, a tyrion holding a 20 gain right now, sst, looking pretty crazy. Let's switch this up a little bit, we'll throw up ater there. How is tesla doing tesla 10 150, i'm still watching 1160. how's the overall market. Looking looking pretty good remember, my first target is 458. That's my first target uh, okay, adrian sst and s-g-l-y s-g-l-y-s-g-l-y. I can remember that the lower the float, the rockier, the boat uh sgly, not much of a short interest - costs, borrow kind of higher utilization kind of higher um.
It might have something crazy going on, but it looks like it's already been moving so much. It feels a little bit chasey short interest like it's it's higher than average, but not like a crazy, noteworthy amount. Sst is ripping faces off right now, rachel's right rocky, the boat, we're seeing a pretty rocky boat right now. Amc trying to re-gather itself right at the support level would love to see it above it a tyrion.
Is it going to bull flag, lower highs? Higher lows: is this going to rip break above 420 there? What else is moving today? What else is moving? What else is moving, let's just quickly check in on twitter selling off. Let me know if that turns around gme. Obviously, let me know if it gets above 168. oil, oil, oil, 104.50, the small cap sector coming down uh, you were correct.
I literally shot myself at work last week. Thank you for your bravery and sharing your story. Uh. That is hilarious.
Um on first attempt amc not holding it sst. This is just nuts, it's gone from 19 to 23 and some change very very rapidly. What else do we have going on? Roblox is up on the day roadblocks, looking good, looking froggy. What is anyone in this morning? Oh people are saying any a-n-y: isn't this sphere 3d, this one's up 21 we're seeing a lot of these like lower flow kind of higher short plays, like they're all kind of moving right now, where's rico dot.
I don't know i miss him. I miss him. It was a good one, how's crypto, looking bitcoin flat ethereum's still trending up solana got hit from oh wait. That's a five minute chart uh solana making actually pretty decent recovery all right market.
Looking good amc, not looking the best at the moment had an early morning. Push where else nut x is moving and it's tech looks like it's: a health play gap up going red. Don't like that makes me worried about a gap, though, which seems like a brutal sell-off. I mean that's a gap up, that's just not holding right now.
What is this uh macquarie said this earlier? I don't know if you read this, but cash app put out an email that a former employee stole customer information in reference to songs bunch of apes on tmi got that email today, uh. Well, that sucks make sure you're everyone's changing their password, especially if they were on cash app. Can we please see eggplant matt this morning, uh? Unfortunately, i don't have that set up right now. Is that something that you have to have rocking like before the stream starts? Maybe maybe eggplant will make an appearance this afternoon. Uh nuttx was halted all day yesterday. Well, it sounds like they were waiting for an announcement. There could be uh pending announcement, halts, that's very much a real thing. All right cappuccino, break team, how's hymc doing i don't know um down two percent today.
How has it been doing over the past couple days? Uh it shot up and still trending down shot up, trending down popped down kind of making a higher low. I have no hymc position, it's not really a play that particularly interests me, but obviously, if there's a lot of interest in it, we could leave it up. Lucid, lucid, lucid, lucid neo, i think, is actually up today. Neo there's some reports.
No, it's not interesting. There's some reports they they might be licensing out their battery swap technology uh. Once again, that's for neo! How are the gambling apps doing? I'm just thinking about the fact that i lost money in the game last night down one percent dkng down point six: four: how are semiconductors doing today, smh semiconductors are down so nvidia down amd down micron down intc down all right semiconductors, not having the best day. How are ev plays doing tesla almost breaking even neo, down loose it up, rivien down so actually pretty much down, but um lucid was an outlier there.
What else how's gold looking gold is up? Oil is up how's, the wheat doing. That was a weird one. We were checking wheat's, actually up uh. What else do we have going on how's? Some of the big tech plays doing microsoft, holding pretty flat slightly down apple slightly down what else? What else, what else uh qcom qualcomm qcom slightly down uh netflix kind of an interesting day? Nothing, i mean it's.
These, like kind of smaller, float, crazy ones that are moving today. A a-n-y's up, 26 percent sst, is up 42. We i mean people were talking about. Sst yesterday, so if you got into that, like massive massive congratulations, uh someone said mullen is tanking mullen it's down.
1.6, that's not a tank matt moon gang merch needs to be in collaboration with staple pigeon that would influence pico. What's going on irish, i like that. I like that, i like that dang dang, dang amc, unfortunately not holding this support level, maybe it'll recover jamie kind of a similar scenario but sst and a and y well. This pains me, i have no position in these and they are just ripping how's twitter doing right now, also not holding, but still up.
Six percent pico de gallo sst, currently at all-time highs, looks like it. This is just a low float. Squeeze now word of caution here, this will not last. This will probably do something crazy, but do not get greedy with it.
This is when you want to scale in scale out that type of a deal, uh bulls and bears eat hogs get slaughtered, do not be overly greedy. Let it ride. In fact it's probably going to get halt. No, i was going to say if it kept pushing like that, i was probably getting very, very close to a halt. Um don't get greedy with it, don't think just because it went up 54. It has to go up another 54. It might. But this is, why, like you, want some reasonable form of like a trail, stop or something like that, you ride the trend as long as the trend is intact, but eventually sst will come back down um.
I don't know if it's today, i don't know if it's this week, it will most likely be this month since we're at the start of april, but there's no like time frame that it has to happen. It's just you're not going to see this type of stuff like fully sustained you're, seeing a low float squeeze play out in real time right here on the top left and it looks like it might be brewing on a y sphere 3d as well. Can i take a look at marinara stocks till ray down sndl down cgc down mj has to be down they're all down, but not like by a crazy amount or anything just they're down good morning. Matt miss me, of course i do guerrilla champion.
I know you do sst reminds me of sprt uh. If we're just talking about the fact that it's rip rips it oh did it halt yeah. Okay, just triggered it's halt, hey. We should all be experts on that.
We knew it was coming amc selling off gme. Looking similar the tech sector going down iwm going down, it's just the spy. That's trying to hold on right now. This halted upside volatility halt once again um i saw some people on twitter last week when amc and jimmy were halted.
They were saying that it was an illegally executed halt. It 100 was not an illegally executed halt. It was a legally executed hall. It was above board based on how the current regulations are written.
What's funky about, it is what happened immediately after the halt. The first 35 seconds after the hall - that's where weird stuff happened, that in my humble opinion, regulators should be looking into and they should particularly be looking into the eject exchange and also the sip, which is kind of like the public feed for current prices and quotes. And all that stuff, that's where - and we went into full detail with this and with dave lauer last week feel free to check that out, but the hall itself. This is not an illegal halt.
The amc and jamie halts were not illegal halts. It's what happened right after it during the halt. That is a little suspicious. I have no idea if that's how it's currently playing out with sst, that's the type of thing that you need to dive into the data afterwards.
So why didn't amc uphol, yawn uh, because it didn't move, you have to move a very. You have to move a there's like a 10 volatility band. You have to go outside of the band and stay there for like a very like brief amount of time. Then it halts. Um amc never got above that because you have to do it within like a five minute time period. Uh, you have to move to the upside or the downside very, very rapidly, and when we saw that last tuesday on amc and jimmy, they were moving up and they were like right below the upside halt. But they never actually triggered it. And then they came down in like a two minute three minute period, and that was enough of a downturn that it actually triggered it.
Uh elon musk, just tweeted elon musk. Did he no, he didn't. Why are people always lying to me about it uh and he didn't tweet anyway, uh sst. This is a five minute halt, so it was halted at 52, so it'll unhaul at 57.
So you have a little like right. Around two minutes left the spy trying to put in a higher low. Let's see if that hangs out uh iwm. I would consider this to be systematic selling, very, very regimented, uh gme, trying to find support at 162-ish amc trying to find support.
Ideally, at 23 we'd love to see a recapture of 23.65 tesla popped up 1150 key psychological level, thus far, not holding, let's see if it can kind of come back. I would assume that for that to be possible, the spy would also have to pop with it. Uh, what's the bid ask on ssst? Excuse me uh right now, when there's a halt, there's nowhere bit in ask uh. There's nothing has happening.
There's not sending biz they're not sending asks um. If atr can come back around, that's going to be repping quite a bit of strength, twitter, slowly but surely, selling off how's healthcare. Looking unh unh is having a good day up 1.6. I have that one in my long term account how are some of the banks doing uh? What's: goldman goldman goldman sachs gs, banks break even jpm how's jp morgan, looking uh down 1.2 percent, so banks not really doing the best all right.
The unhaul should be starting. Very very soon hold on to your horses we're almost back off to the races. There should be an unhaul price. There is, and you can i mean those resources that i shared left last week.
It tells you exactly how it's computed exactly how it's computed. Someone said tesla ripping. Is it actually? No it's break even on the day there we go unhaul, it just started and we're popping back off to the races. People love this low float action.
Robin hood didn't halt it. For some reason, it definitely did derek. It's not a broker decision brokers, don't decide, halts. Um.
The overall market system decides halts. It's not up to robin hood. It's not up to weeble, it's not up to public. It's not up to td.
It's not up to e-trade! It's not up to any brokerage. That's not who decides halts. This is probably gon na halt. Again, oh nope.
Is it gon na halt? Is it gon na push halt? Did it haul yeah? I was gon na say that's just too much we're going 10, like that's crazy, hol, now, tesla's picking up uh, that's hilarious! That's absolutely nuts uh any, not necessarily holding the spy's trying to turn back around. We have tesla. What's amc doing not really holding same with gme, unfortunately, and i think a lot of it is because the small cap sector is being like perfectly sold off some stock exchanges, not robin hood. Have temporarily halted trading of ssc, learn more yeah because they're? What they're saying is they're, not the ones who halted it like broker that message, some stock exchanges remember robinhood is not an exchange. Not robinhood has temporarily halted the trading. It they're saying: hey, don't get mad at us that you can't trade this right now we're not in exchange that's what that message means it's articulated very, very poorly, but remember robinhood, not an exchange they're, not the ones who halted it. You can't trade ssd.
That lady at CNBC looks like discount Emily Blunt.
Matt, could you go over the possible outcomes if the hedgies try and cover with respect to the possibility of billions of synthetics?
Thanks Matt.
You rock!
How will short synthetics be paired actual shares if they don't exist? Please.
No disrespect, Matt.
No judgement. Sorry if it came off that way.
I just love you, brother