Benzinga LIVE

Episode Summary:

• Twitter CEO Jack Dorsey steps down... what does that mean for the stock?
• How will Omicron impact the stock market?
• Is the "Santa Rally" Already priced in?
• Did crypto come up at your Thanksgiving?

Guests:

Matt Hammond IPO Warriors https://ipowarriors.com/

Jake Wujastyk, Trend Spider https://twitter.com/trendspider_j

Chris Capre, 2nd Skies Trading https://2ndskiesforex.com/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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Episode Summary:

On today's show, Spencer and Aaron talk to:

Tiago Reis Marques, Chief Executive Officer of Pasithea Therapeutics KTTA - see the Benzinga Exclusive Story here:

EXCLUSIVE: Pasithea's Depression Treatment, Esketamine Nasal Spray Added In Clinic Offerings In UK

Eric Grubman, Chairman & CFO, Sports Entertainment Acquisition & Neal Menashe, CEO, Super Group SEAH

https://www.sghc.com/

Robert Roy, Wealthbuilders HQ

https://wealthbuildershq.com/

https://twitter.com/robroyfibtrader

Tim Quast, Market Structure Edge

https://marketstructureedge.com

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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Episode Summary:

• Why Pasithea Therapeutics stock is moving KTTA
• The Next Sports Betting SPAC? SEAH Stock
• Zoom earnings ZM

Guests:

Tiago Reis Marques, Chief Executive Officer of Pasithea Therapeutics KTTA

Eric Grubman, Chairman & CFO, Sports Entertainment Acquisition & Neal Menashe, CEO, Super Group SEAH

Robert Roy, Wealthbuilders HQ

https://wealthbuildershq.com/

https://twitter.com/robroyfibtrader

Tim Quast, Market Structure Edge

https://marketstructureedge.com

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

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Benzinga Bootcamp- TRANSFORM YOUR TRADES IN 1 DAYNOVEMBER 20 | 9:00 - 5:00 ET

Register here

Episode Summary:

• Zoom earnings preview ZM
• Stocks to watch into 2022... Is Metaverse the new EV?
• Tesla TSLA continues ripping higher

Guests:

• Niccolo De Masi, CEO dMY Technology DMYQ
• Will Marshall, Co-Founder & CEO, Planet Labs
• Matt Hammond, IPO Warriors
• Jake Wujastyk, TrendSpider
• Chris Capre, 2nd Skies Trading

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

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Benzinga Bootcamp- TRANSFORM YOUR TRADES IN 1 DAYNOVEMBER 20 | 9:00 - 5:00 ET

Register here

Episode Summary:

• Apple Car "A Matter of When Not If"
• Rivian $RIVN Rebounds, Up 7%
• Foot Locker Misses Earnings, Stock Drops

Guests:

Tony Benson

Lisa Utzschneider, CEO at Integral Ad Science (Ticker: IAS)

Benzinga's John G

Zingernation Guest Matty Ice

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

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Benzinga Bootcamp- TRANSFORM YOUR TRADES IN 1 DAYNOVEMBER 20 | 9:00 - 5:00 ET

Register here

Episode Summary:

• BABA NVDA Earnings Review
• Longeveron Exclusive Interview LVGN stock
• Biotech Stocks To Buy Now

Guests:

Vivi (The Bio Queen)

https://twitter.com/Biotech_SD

Geoff McFarlane, Co-Founder & CEO, Winc (WBEV)

The E.A.T. Podcast

https://twitter.com/theeatpodcast

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

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Benzinga Bootcamp- TRANSFORM YOUR TRADES IN 1 DAYNOVEMBER 20 | 9:00 - 5:00 ET

Register here

Guests:

Today’s Guests:

-FuboTv CEO, David Gandler $FUBO stock 55:00

-ElectraMeccanica CEO, Kevin Pavlov $SOLO stock 83:00

- Jesse Kaylor, Elite Trading 100:00

- Gareth Soloway https://inthemoneystocks.com/ 125:00

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

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Episode Summary:

• Bitcoin and Ethereum Slide
• Lucid Motors $LCID Trading Higher After Earnings
• U.S. Equities Highest Rating since 2013 According to Bank of America

Guests:

ShiftPixy Co-Founder & CEO, Scott Absher https://shiftpixy.com/

Robert Roy https://wealthbuildershq.com/

Tim Quast https://marketstructureedge.com/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

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Episode Summary:

• Why Cannabis Stocks Are Trading Higher
• Elon Musk takes a shot at Bernie Sanders
• $QSR Restaraunt Brands purchases Firehouse Subs

Guests:

Matt Hammond, IPO Warriors 10:00

https://www.Ipowarriors.com

Twitter: https://twitter.com/warrioripo

Cybin CYBN CEO Doug Drysdale 48:00

Jake Wujastyk, Co-Founder, TrendSpider 62:00

Twitter: https://twitter.com/Trendspider_J

https://www.trendspider.com Enter promo code BZ25 to get 25%

Chris Capre  https://2ndskiesforex.com/ 93:00

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
• Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Happy Monday, everybody, the markets are back open. Let us know in the chat. What y'all are watching and trading today. A B here, Spencer with me as always Spencer, how are we doing today?

We're doing well. We're doing well. Uh, how do we want on the new intro? I saw I saw a new intro. I think it, I think it's, it's part of the way there. I don't think it's all the way there. Do you want to run with the, uh, part of the way there and new intro, the old intro, or just roll? Why don't we roll? No intro today.

Let's just rolling. No intro. This is the show it is starting actually already has started. So

my question may be is what has taken a bigger haircut? My head or my portfolio? I don't know. I mean, hopefully your, your portfolio is not taking too big of a haircut. Considering cannabis stocks are all up nicely today. They are, um, using some of my handy-dandy metrics out of the top five trending tickers on social media.

So Reddit, Twitter, all the whole investing sphere, two out of the top five trending stocks are in the cannabis space. Spend six. Guess what those two stocks are. Okay. Okay. Without looking two of the top five trending, trending on social media stocks today, um, Uh, are they both stocks? Are any of them? ETS?

Are they both? Stocks is one of them kind of be growth? Nope. Damn. Okay. Oh, for one is one of them Grogan. Nope. One for two. Okay. Is one of them, are they both? Are they OTC? No. Uh huh. A Tilray would be the third, the third guest. So Ray's one of them. I see the other one in the chat sundial. Yep. Tiller and sundial are two of the top five trending tickers.

Uh, the non-cannabis stocks in that top five are Tesla, Nvidia and Vivian. Okay. So, um, we're, we're going to talk about all this today. Let's talk about everything so that, you know, Tilray and the rest of the cannabis stocks are up on the news that the Republicans are bringing forth a bill to legalize cannabis in the United States.

Um, Spencer, do you know anything more about that bill? Uh, another due to present it today, uh, I got to give the, give it to the Republicans. They just basically just hijacked and one of the key issues on the democratic platform and said, well, we'll take that. Thank you very much. Yeah. They're basically saying, Hey, if you guys aren't going to do this, we will and we'll get the credit for it because it's one of those measures that's widely popular throughout the, um, you know, all voters in the United States.

So it's, it's. You know, one of those things that'll be a good, easy political win for the Republican so we can get it through which we will see. Um, but either way, I mean, even if they don't, because then if the Democrats step in and have problems with the bill and they can say, oh, Hey look, it's the Democrats holding up, um, you know, legalizing cannabis, which again is something that's, that's very popular.

Um, solar up saying, yeah, they, they want to legalize the profits, but we'll see. I mean, I assume there will be, you know, we'll see if, if there can be bipartisan, um, support and work done on the bill. I'm not very bullish on that. We should probably save this discussion for later on, on this show, because we're going to have a cannabis related CEO, uh, on Doug Drysdale was a CEO of Simon to your CYB N related to cannabis, uh, kind of right.

Tangentially. It's the same idea of legalizing a drug. It's the same idea, uh, surviving, um, psychedelics are a few years behind cannabis. Um, in everything, right? In terms of regulatory changes, legalization and capital markets a few years on cannabis. So, um, I would be curious to get Doug's thoughts on all this, but I, that being said, speaking of guests, uh, we skipped it on here.

Cause our first guest will be on here joining in, in a minute or so. Um, Matt Hamon from IPO warriors is going to recap, uh, last week in IPO lane and preview what is to come this week in IPO's. I'd be curious to hear how Matt played a reveal. And last week I mentioned our Drysdale, uh, from Simon. That'll be at 1245.

Love Jake, would you ask Dick from transporter on the show one and Chris Capri from seconds guys trading on the show at one 30. So do as a favor, hit that like button, tell your friends, tell your neighbors, tell your friends, neighbors, dog. And, uh, we can get ourselves off to a good show today. Good start to the week.

So like you said, markets in the green, at least last I checked I'm in the green. You're in the green row on the green. What about Dylan? What about Igor? What about bear for one of the chats? I actually took a little thump ski it's in the red right now, but it looks like it's coming back up. I don't know.

Yeah, I know it dropped about a quarter for cent out of nowhere at around 11:40 AM Eastern. So that's interesting that 20 minutes ago, I know we'll keep an eye on that. Uh, Q Q kind of same thing, but yeah, Spencer, so big headline over the weekend was of course, Elon Musk on Twitter, uh, you know, took a shot at Bernie Sanders, which some people love.

Some people didn't love. Uh, but, but overall, the, the bigger story here is just Tesla's price action in the last week. Um, the stock let's pull up a chart so we can wait, I'll pull my, while you talk, this stock is down more than 15% in the last week. So we're used to seeing Tesla stock, you know, take rips up.

Of course, nothing goes straight up. There will be dips along the way, but usually with Tesla, those are followed by bigger rips. The question is, will we get that bigger rip or what will we see the weakness continue? And Tesla's chart. What is test on a bear market? Is that what this is? Where, uh, let me, I'm going on a different chart here by standard definition of going down 20% or more, um, from its all time highs yesterday in a bear market.

Oh my God. Yeah. I mean, we, like I said, we will see, cause a lot of times these dips are followed by bigger rips. And that will be the question with Tesla stock. I think this week will be very, very important to see, um, who knows by the end of the week, we could be back at all time highs at around 1200 or we could come all the way back down to 800.

So anyone out there that's trading Tesla, let me know how you are trading it in the chat. I'm very curious, you know, are you, are you playing it with the options? Are you buying the stock? Are you buying the dip? Um, let us know what you think about Tesla, because right now it just seems like there's a lot of wins being taken out of the sale.

Of course, Elon Musk has a lot of different reasons to sell stock. Part of it is that if he doesn't sell any now than a lot of his options can expire, um, without him exercising them because you can only exercise so many each quarter. So if he doesn't start doing it now, um, he literally needs money to pay the taxes, right.

And, and like, and she doesn't have the money they're there. They're the adage goes, there are a bunch of reasons to sell a stock, um, paying taxes, being one of them. There are only a few reasons to buy one reason to buy. There's only one reason. One reason to buy. Well, yeah, we'll say there's only one reason buy what's the other reason using the one, one reason why talking to.

Well, if you're like a inset. Yeah. But if you're say short a stock, you need to buy it to cover. You know, there, there are multiple reasons you can buy something. If you're an insider, like Elon Musk is, and you're going to buy the stock. There really is only one reason because you think it's going higher.

There are a multitude of reasons is why you would want to sell a stock. But I think regardless of what that reason is for Elan, um, for Tesla, shareholders and Tesla fans in general, seen him sell stock is a bear sign. So we shall see. But right now, Tesla down about 4% on the day, continuing, uh, uh, bear trend for the stock, which we haven't said in a while.

So, um, again, let us know in the chat, how you guys are trading it. Um, etc. Same Tesla just approved to sell electricity and sexist. We'll see if that can be a catalyst for the stock, but who knows, Dave is saying he's buying the dip every time it's on sale. So it has been proven right? Time and time again, buying the dip always works.

Isn't that the rule, it always works except in some stocks. Yep. So Spencer, before we get to Matt Hammond, we've got one more headline, this one in the restaurant space. Um, so if you're a, you know, a fan of fast food chains, whatever this may interest you, uh, QSR. Yeah. We know it. Owners of burger king and Timmy hoes over owners of burger king, Tim Horton's, Popeye's just acquired another brand today and an all cash deal, a sandwich.

Franchise, you know which one that is Spencer? I, well, I saw the headline, it was firehouse subs. It was $5, billion dollars for firehouse. So some expensive subs. So that just goes to show you guys, if you open a sub shop and you do well and you franchise it out a little bit, you can sell it for a billion dollars.

A restaurant brands goes out, buys, firehouse, and then a $1 billion cash meal, uh, you know, will, it looks like the markets like the move for QSR up about a percent, but nothing crazy. So we will see how prior house is able to impact, uh, restaurant brands is, you know, revenue, balance sheet overall, but just some, just some headlines in the restaurant space.

That is, that is a, those are some expensive stuff. That's all I'll say by Shelly, congrats to the firehouse subs, seriously, that company donates a portion of their profits to firehouses. So, so congrats to them. Great job. Yeah. Who knows? Maybe they'll stop that. Now that they're under new ownership. I doubt it.

I hope not. Um, Shelly pointed out another headline in the, in the restaurant, fast food space. So McDonald's announced a partnership is still relevant. It's about to be holiday season. So every time Mariah Carey she's and it's here, it's here. It makes it come back every year around Christmas time. So we've seen, McDonald's do this with a few other artists have, have, you know, deals.

They have one with BTS the popular, uh, K-pop Korean pop band. They have one with Travis Scott. Um, so now they're doing the same with Mariah K. Yeah, I know. So anyway, uh, so we know it's approaching Mariah Carey's season. Uh that's that's in a couple of weeks though. Uh, you know what season is now? It's Manhattan season.

It's IPO season. Let's get mad at him and all the total talks to my POS. Is he at? Nah. Hey, I'm doing great. How are you guys doing it is IPO season. Um, we had an off season there and, uh, some, some pretty big ones. So, uh, okay, excellent. I can't wait to hear how you put revealed last week. So here you go. I told you I was going to watch for Vivian, but it did play out what we'll get to that one in a second.

Um, first thing I wanted to say is thanks to everybody who contributed to the fundraising campaign. I said, I wanted to get some better streaming equipment. I want to live stream. Some IPOs have been talking with Benzinga they've at least indicated. Maybe we'll do a little bit more switching out to watching some of these actually go live.

I think it would have been pretty fun to watch some of what ribbon did, uh, you guys have, you know, talking to Rowan, he's going to kick me out some gear as well. Uh, but we, uh, we got $2,000 in under one week. Um, and I really appreciate all the support. Some of the things I'm gonna use that for is improving the presentation quality of these, uh, kind of weekly shows.

I would like to do some live streaming of the IPO debuts. And if time allows, I will do some video breakdowns of the IPO as before, uh, before they go live. Um, really appreciate that. It's not too late to contribute more, I'll buy more stuff and, um, you know, improve things even better. You should have some equipment on the way, man.

Yes. So I've heard and I, and I'll ask for some, if you guys have some t-shirts or stuff, I'll wear those on the, on the show and with what I'm doing. So, you know, uh, yeah. Yeah. Well say what's on your waist. Some schwag sweats. Okay. So we actually had a lot of really good ones. Um, we talked about sent a one off 25%.

We'll just run through these real quick. I didn't like this as a play. I don't generally like, uh, anything that dumps like that anyway, uh, dumped off the debut. If you did say, Hey, wait, this is below the IPO price. It's dip this far. How, you know, how bad could it get? Um, you know, you were rewarded not just with a retracement up to , which is a lot of times all that we see.

Um, but if you held through that and said, okay, well, I'll give this some room to run. Uh, it just for no real reason blew up, uh, head up to 2250. And you know, one of the things about trading is you're looking for, uh, stocks with catalysts. You're looking for volatility. That's what you're looking for in day trading.

And that's why I like IPO is not, all of them are going to do this. Uh, but if you have, if you like this company, I guess a lot of people do like this company, um, you know, your catalyst is, Hey, it's IP. Uh, the momentum, the volatility, the volume are all going to be about as high as you can ask for on the days that they IPO, which is what make these attractive targets for a day traders.

So St was one society pass. If you remember last week, I said, Hey, this kind of, you know, a crappy, uh, Asian e-commerce ish, you know, S IPO that really looks sort of weird with a pretty low float. This could be a stealth IPO. Um, I tried to get in on this, and unfortunately we will hit the indication price rate before it debuted.

So I had mindset at 1350 and it debuted at 1550 and then dropped to 15. So if I had been a little bit more aggressive out of caught this ride from 15 through four halts, top tier, like 42 or something, um, came back here around 30 and we see these just run the same pattern, ran up to 52. Uh, the next morning ran up to 70 and we saw these with thanks.

Uh, C pop, um, TRS. Why do you suppose that is? I don't know if we've ever, if I've ever acted that before. Yeah. So there's different theories about this. Um, Having talked about it with a bunch of people and putting our heads together. The thing that makes the most sense to me is that, you know, whoever's buying it way up here is not trying to buy low and sell high.

They're almost like trying to buy high and sell low, um, or really just buy high and not give a crap. I was going to say, buy high and sell higher. I thought, well, I mean, who's buying, I mean, they are pushing this up through halts on day two, you know, and somebody paid somebody up at $60 for a garbage company.

I mean, we saw EJH was one of them that did this and it's like a cleaning company in China. Uh, w and w which spiked yesterday through some Holtz off some random, I mean, they're, they're low float to begin with. They tend to try to do things to deter us from seeing them or for wanting to play them.

They're so bad that, um, you know, no one in their right mind is going to pay this thing. The IPO price was a $99, you know, who is going to say, okay, well, this company has no revenue or barely any revenues. The, uh, the, the platforms that they run are garbage. Uh they're they're just losing money. You know, who's going to pay $15.

It's so bad that it's good. It's so bad. That it's good. That's what I think. I know. I mean, my, my answer and for this until proven otherwise is that they're all, they all have ties to China. I mean, we saw FCU. The was a uplifting. They all have a similar on underwriters. This one was max. We've seen a lot of them that were, uh, boasted securities.

We saw a bunch that were network one financial Sutter, and a lot of these companies have done IPOs together. They've co-written, um, you know, been the co-writers on IPOs as the underwriters. So there's sort of like, they must happen my theory and they use the same lawyers and they have, uh, my opinion is that they're helping Chinese and other wealthy Asians, especially Chinese follow money out of China.

So if you have a whole bunch of money in a bank account in China, and you're trying to get it into Hong Kong or Singapore or into the Western markets, what you can do is you can issue shares somehow out to, you know, if you can hand shares cheaply to your cousin or your uncle or some affiliated partner outside of China then, and just tell them, Hey, I will control the, you know, control it, just control the float.

And I will buy, you know, as much of this stuff as I can, uh, with this say $200 million I have in a bank account here in China, you know, that money as I buy those shares that no one else has no. You know, who else is participating in this market? Not a lot of people. So if I'm the only one buying your shares, I'm basically giving you that money and moving that money from China to, um, you know, to the west.

And I talked about last week, pets, pets was one that I had called out a month ago and sent out to my newsletter when it was about a dollar 30 or a dollar for. Because they had the same underwriter do a direct offering of 30 million shares basically at about 60 or came out to about 30 cents a share when you factored out the warrants and the profits.

And you're like, well, that should just sink the share price, but it didn't, it did a little bit, um, but it came right back up and now it's up at $6. You know, it was at $4 when we talked about it on the show last week. So why are they doing this? Why is hoodie H UDI? Why has that got to $45 in the last, you know, few months?

Why has, why did TRX go all the way up to a hundred dollars? And then in one day lost 90% of its value with, you know, with no headline, no new news, no nothing. Um, why does, uh, w and w sometimes randomly pop, why do, uh, you know, why do these go well? Because in my opinion, they're moving money. They're using these as vehicles to get money out of Asia and into, you know, Western markets and the seat after, after this happened, I went back and said, geez, you know, Y you know, what, what did I miss here to not make me just put my limit order at like 16 or 20 for that matter?

And I went back and I looked up, the CEO is, you know, extensive experience doing startups in Shanghai. The CFO, you know, is Chinese. So, um, you know, there are hands FCU V when we look back at it, we said, oh, we had our eye on it. And it took a day before they ran it from like five or $6, all the way to 25. Uh, in one day after their up listing, and then now it's come way back down, but what was up there?

Oh, the whole, like the only three employees are all very, very Chinese as in, they don't even have American alias names. They're Chinese engineers. So this tie back to China, and that makes sense if you're a wealthy Chinese person with tons of money in China right now, given what, you know, president Xi is doing over there, he is basically cracking down on the wealthy and if I was a rich person, uh, or a rich person in China, more specifically, I would be trying to get my money out of there too.

And it's not easy to do that. So even if you're paying a 30, 20, or 30% premium on the shares that maybe get bought out or sold by other people, um, and this is an effective way to, and it's not the first time that the stock market has been used as a way to funnel cash out of a country. The Russians were doing this in the nineties.

Um, and that's, that's the only answer that I have. How does, you know, how do completely garbage companies make insane runs? Uh, that all of a sudden, I mean, this one's still kind of holding on, but I don't, it's, it's, it's nowhere near any reasonable valuation and all of these tend to Peter out, or they all do Peter out eventually.

And when I look at pets and what they're doing there, I'm just like, okay, I'll just, I sold enough. You know, I bought in at basically a dollar 20 and I sold enough when I reached eight on one of these days where it gets by. That I've already paid for my position. And now I can just sit back and if they run it, I think they're still running it because it hasn't fallen out yet.

And when it does fair enough, fair enough. Anyway, I try to call these out when I I've made huge profits on some of these, uh, I made 30,000, $33,000 on a thousand shares of TRX. When it debuted, it went opened at 17, went into a three-hour hall and opened up again at $50. You know, so if you can spot these and you take kind of a, okay, well, you know, I'll, I'll give it a shot approach to it.

I mean, the, the returns have been massive. UTME that was another one. Anyway, back to the more traditional kind of fun and boring ones that are also profitable. If you play them right. Expensify, we said we liked, uh, we got in here at the debut. I do like taking a $2 profit rate off the run. Um, it's sort of, kind of the easiest, I would say two hours and trading is defined a good, you know, a good company with these guys had to have a positive baseline financials.

They're somewhat brand recognized the float wasn't too big and it gave you exactly what you expected right off the debut. So you buy a thousand shares, get in it, you know, say 39 75, sell it at 42. That's like a really pretty comfortable, easy 5% win, uh, right off the bat. Uh, the market. Wasn't really rewarding.

These IPO's on day one, the way that we've seen maybe three or four weeks ago. So this one pulled back a bit. You could try to double dip. I generally don't do that. Uh, but where the real money was in these plays and I'm taking notes for kind of the next set of, uh, of IPOs is a, these day two runs. Uh, this one actually touched $50 today.

You talked about that a lot. So especially for brand name IPO's, a lot of people are starting to kind of come into the IPO. I'd say that the number of followers I've got has been much higher over the last two weeks than the, you know, the previous six months. And I think a lot of people are keying in on it and it's, in some ways you have to adjust because if everybody's buying in pre debut, that's less demand once it actually goes live.

But a lot of people are kind of catching that overnight media cycle where the, you know, the headlines say, you know, Expensify pops 50% on its debut, and they're not talking about this move. They're talking about the IPO price was like 18, and then it debuted at I. Yeah, I, and you know it, wherever you can do the same thing.

I I'm hoping we can get to that because I, I was taken aback at the ferociousness of the day to run in green river. And I guess I shouldn't have been, but I was cause. Because it seemed to go straight down, skip through the, to that one that, or, you know, black ways, again, $2 taker just right on the debut, $2 in your out hole, you know, and you can hold these and they come back in.

I wanted to show you one thing about holding IPOs. And again, I don't consider playing a debut to be super risky is, um, okay. People who played this cocoa water, uh, you guys were talking about it this morning and that was a, it was actually not a good debut play. Uh, and which is why, you know, when people ask me, oh, what do you think of this company?

I'll say, well, you know, for a long-term position, I don't, I wouldn't suggest buying debut. Um, but you do want to start watching it then, because then you kind of know where it's ranges, where it trends. But if he did say, oh no, this one's going to do great. Uh, everyone loves it. Uh, I'm gonna, I'm going to buy the debut and you got stuck in it and you didn't get any kind of day to run.

I've held IPO debuts for, you know, usually it's about a month before you're gonna see what it's going to turn around or not. And the catalyst you're looking for after the debut is the end of the media. Um, or the, uh, press release kind of silence, period. I guess they call it. And the first earnings report.

Now, these guys happen to come in with a very strong earnings report. And if you had liked this company enough to buy the debut and you have the conviction to buy it there, why not hold it here? See what it does. And. You know, today you finally gotten, you know, today was the first day after a month, basically a trading that you got an opportunity to take your profits.

Do you stop there? Probably I do. If I'm holding a bag and I'm given the opportunity to cut it for a non loss, I'm out, um, very rarely will I hold longer than a day to have it come back and then say, no, I'm going to get greedy. Uh, that's only hurt me when I've tried to be pigs, get slaughtered anyway, a vaccine city by the halt, uh, by the debut, this had a ton of buzz, low float, sell the halt right there.

Easy as pie and take your profits. Say thank you. Uh, derm debut below. Where did I put ribbon? Okay. I would love your thoughts here. Cause it seemed like he just went straight down and I, and I want to pull it up on, um, give me a second. I'll pull it up and we can look at the, uh, the chart here. So ravines pretty much exactly what I said.

It would do two things. One, I had just taken a win on a. What was it? The, uh, Backblaze or the one before that was earlier in the day and after take a win off and just be like, okay, that's the one I wanted. I am, you know, I can try to keep playing more, but I ended up starting to make bad decisions and, uh, try to control against that.

Uh, Ratheon was on one hand, a great a, you know, I mean, how much more social media buzz and momentum could you ask for than any V play when Tesla just broke a thousand and it had a lot of other great, uh, you know, I had a lot of good storylines to it. The Amazon deal it's Ford as an investor, um, but had a huge float and I don't like huge floats the floats 153 million shares.

And we S I think I said on the show that it reminded me a bit of snowflake and Coinbase. And my, and my, uh, theory was that we'd get about 10, 15 minutes of upward momentum and then correction, which is exactly what we saw. And for me, I'm not long EVs. I still think that, you know, at some point in the not so distant future, the market is going to realize that selling vehicles is only so profitable that not everybody, um, is just going to buy one model.

And, uh, you know, they got supply chain issues. It's just the valuations on these don't line up with what automobiles have traditionally sold for. And I think eventually we see that I don't know when it's going to happen. Clearly it wasn't this week. Um, w I did, you know, so I was in the gym and I was watching, you know, ticker in between sets.

And when I saw it kind of come here, I think I'd got off my run and it was a hundred. I thought I already missed that dip here, but, you know, maybe that's the, maybe that's the place to buy for the day to media run, because this is clearly going to get a ton of media hype. And then it started moving down again.

And I kind of said, um, maybe, you know, maybe it's not as hard as I thought it was, but clearly if you saw this and bought in for the day too, and I mean, you're in an excellent position. It's a one, I mean, Clayton has pointed out. I, I, I, I lost sight of it. Yeah. I mean, w w w we did, we hit one 50. Yeah, we did.

We hit one 50. Holy cow. Holy moly. So if I had pulled that day, you know, that day one trigger down here, I would have sold it, maybe one 20. Anyway, I just don't like I went through over the weekend. I went through and I really needed to do a bit of a self evaluation of Metro. And I make so much more on IPO and sort of like, you know, I like to stack guys like Mitch, uh, and the, you know, the blanking on his name there, the guy that does the, the selection.

I mentioned Chris. So they have, I mean, the, the, the, the amount of money that they've made for traders in their spec, like the spec catalyst to me, is kind of similar to the IPO. It's like, you know, what's coming up, you know, that it's going to have a merger vote, you know, that it's going to DCE back and become, you know, a name and that's going to be immediate, you know, the next door.

That was pretty obvious media catalyst. And I went from like 11 to 18 in one day. Uh, so these, you know, I like specs and IPO's because no, where, you know, it's so easy to time what's going to happen with everything else in FDA announcement, that's going to come off market. Or, you know, whoever gets the news first is going to get it.

And some, a spike right up, you know, you don't know that that's coming or these other plays. And I looked back and I just I've done so well on these words, swing trades, where you're trying to find the bottom and, you know, read the trend and you have to wait, you know, a long time to make your money.

Whereas an IPO, I want to make money in like one or two days at keep my, you know, my money in cash. You know, the market can crash one day and I'm not exposed. And I'm just in a, to me, it's it fits my style. Uh, if you can't sit there and play these in real time, would your screen all day, you know, then it's not a great trade.

If you're good at day trading and reading charts and all that stuff, you know, maybe that's better for you. I'm not. Uh, I ended up, you know, with a long list of bags, waiting for them to turn around. I like to get in, get out, hold for one or two days, maybe three, if I really think it's hot and maybe I should have read this one a little bit more.

It's also, is it a price where it could come down a lot more as well? So, um, never been great with EVs, but we'll see this week, there's a lesson to take forward from this week that maybe we will, uh, be able to catch. So, um, let's, uh, jump through affinity. I think we've recovered, uh, covered those. So this week's featured IPOs.

Do you want to say anything more about ribbon? No. I was just curious to hear how you played it. I mean, I sorta lost sight of it today, so I was surprised to see it at one 50. I realistic. I felt like going in, we were, we were Jones in for, for a rock pole on the way that was wrong. That was wrong. Uh, but it just sorta had those vibes near, but Hey, sometimes the obvious place to play.

So, uh, what do we have this week? Ooh, she was asking me when I became a speck fan. Uh, the first fact that I really banked money on was, um, what was that? Uh, Nicola. So I've been in SPAC since pretty much the second one. That was it. That was the second big one of this. Yeah, that was yeah. After fan do. And I got FanDuel like the day after it disrespect or not FanDuel or DraftKings drafting.

So I got, I got dressed and that was like, I didn't really know what a SPAC was. And I think a lot of his back was that in, in may of 2020, so that put them on the maps, put us up, put us on the map. And since then I've played a TMC Michonne. Uh Chris's you know, uh, I got high on cue. I got, uh, they're they're, they're a handful they've been, they've been pretty good.

Uh, and it just, you know, don't get greedy, take your profits and, uh, you know, look for the next one. I'm actually almost always sell out, but by the time I see, you know, 20 to 30% up, I'm just like, yeah. So thanks, bye. You know, and, uh, raise up the cash. And then they run up to like a hundred percent gainers, but that's okay.

My room, I have two rules and trading. They are, uh, written here. So I don't forget. They are take like you can't read them, take profits without regret. And don't chase. Those are my two rules. As long as I stick to those, every time I break those and get myself in trouble, when I stick to those rules to do pretty well.

You got the calendar. I saw one, the other jumped out to me, but so, so let's run through the boring ones. Sure. Uh, sonar group is not so boring when you consider solar coding for. And they do have, this has sexy all over it. Yeah. And they have, so they don't have any revenues, no point in going over financials, they do have 50 million in customer deposits for their sign-on vehicle.

Um, as I understand, those are deposits that, uh, I don't know what the refundability is on those, but when you combine two hot, you know, you're talking about eco solar and Evy and that's, you know, how, how much more do you want there? Right. And you can't put Bitcoin in it's can you, um, so not, yes. Yeah. Right.

But you can buy with Bitcoin. That would be the next catalyst. Um, but, uh, yeah. Uh, they, if they mined Bitcoin with the spare solar power, then maybe you could, you could pump this up even more than it is, but this is about as much, um, kind of hype buzzwords. You can cram into something right now. And I got to try this one because, you know,

yeah, Wednesday, we don't have any until Wednesday kind of a little bit thinner week. This week, Iris energy. This is a Bitcoin miner. Uh, they don't hold Bitcoin on its balance sheets apparently. But if Bitcoin, how is that possible? Uh, maybe they just sell it right away. I'll on mine and they sell it. Okay.

That's something new. I gotta, I gotta research a little bit more, but they do have positive cashflow and operating profit, which leads me to believe that they are selling these, um, And they're basically they're using IPO money to buy more hardware. So if they're successful in mining, why not scale up? Uh, especially when the price of Bitcoin, at least a lot of people believe it's headed to, um, you know, to a hundred thousand.

So if the, unless Bitcoin crashes before Wednesday, uh, this looks like a pretty hot play. S D I G, and a couple of the other, all the other Bitcoin IPOs have done pretty well. So 8.27 million shares. That's pretty low float. I like this. Uh, you know, the trend is your friend Bitcoins are trending. So we got my point, right.

With all these IPO's. So we've got Wednesday, Thursday, Friday. None of them have priced yet. Right. Do we have an expected w we have the ranges, but we don't have the pricing until, and the pricing can change, especially for the hot ones can change dramatically. Can you give the range on these if you have them?

Okay. For, I don't know, they might've pulled as C S E V already. That's too bad. Let me see a Sono price range. 14 to 16. Okay. Um, we've got, uh, IRN 25 to 20. So for the hot ones, we often see them get bumped by, you know, a dollar or two price out of range, a price at the high end and things start pricing at the low end then, unless, you know, if you get a discount to that then, okay.

Maybe that's interesting. Uh, in other words, the debut comes live below the IPO price. That's been a pretty safe, uh, play, as it works its way back up to the IPO price, you would expect not a lot of IPO price, uh, buyers are selling, uh, for an immediate loss. So, um, but kind of pricing in the middle that has not been a very good, a sign of strength and I'm generally sitting on the sidelines for those.

Okay. Um, but yeah, I mean, solar, Evie, and Bitcoin to lead off the schedule, those, you know, once they should be fun, uh, user testing, this is a platform for companies to test user engagement processes. Uh, maybe it's a good business revenues up 44% last nine months gross profit up 51%. Um, but negative cashflow, negative operating loss, negative income.

This is kind of just one of those SAS plays where I've never heard of this company before. It reminds me a little bit of this company was like internet advertising program IAP or something. I don't know the. If you, if there's no brand recognition, they have to be really strong to get, you know, people to come in and buy them.

And there's also a sort of odd follow on offering lurking in the, this is not the, it's not a lock of expiration, but they have the right to sell an additional 27 million shares. If the price is 10% above the IPO price, you know, it's something like over 10 days in the previous week or something like that, the point is that the debut price will likely be over 10% to begin with.

So if the IPO price on this is, uh, 15 to 17, let's say they debut at 17 or 18, and then it actually debuts at 20. So if they IPO price at 17 or 18 and debut at 20, you already at that 10% level, and then it's, it's think it's a hundred days or something 90 days, then they can, you know, then they can sell them 27 additional shares, which almost doubled, you know, it's more than doubles the float.

And I don't really like it when I see those kinds of things just gives me shivers, like remembering what coping had hidden in its, uh, lockup period, which was probably the worst IPO I can recall. Um, playing that was the day was you'd have like 60 or 65 and miss now at 27 and never even gave you like a.

Courtesy rebounded any point, really? It just was a downward downward dumpster fires. Alright, super interesting here. Um, res, now this one is, I mean, a similar customer engagement and communication. Revenue's up 2.6% gross profits up 60% again, negative baselines. And unfortunately it comps to Weaver, which last week did not do well on its debut and brace has a higher valuation, but I think it might appeal to more businesses.

So I don't know, 8 million shares. It's just, I don't feel super good about these. And given that there are others that I do like more this week, I probably just let these pass. I can't play every single IPO. There are people who have that approach, you know, for them and they really manage those trades.

They're better at day trading than I am. They buy on the dip and just hold it for ever sometimes. But, uh, this one to me, both of these sort of user cutting and Braves, both in customer engagement, if user testing, somehow those, well, maybe that changes my opinion on Brays, but I'm looking forward more to this one.

It's a sweet garden. Now we talked before about how restaurant chains have done really well on their IPO's. And I kind of include bros in that, uh, you know, in that group because it's a chain. It does well on. You know, on a limited number of locations, the theory being well, if you raise a bunch of money and expand it nationwide, it'll do even better.

So this one is like, kind of, I guess they say plant forward, which I read as vegetarian, but I guess they probably have some meat in there somewhere. Maybe they do. I'm a little bit deeper. I'm not a vegetarian, but Hey, you know, everybody wants to go out to eat how they want to. But, uh, interestingly, they acquired this company called spice food and this company looks pretty interesting.

They're basically like a robotic powered restaurant system. So you're kind of getting a technology angle on a restaurant chain and given what bros did given what Portillo's did even, uh, F w R G, which is some, you know, breakfast restaurant that I'd never heard of a chain has done, you know, did well off of its date, IPO debut.

So these guys are article last week that robot sales like industrial robot sales are at an all time high. I didn't see that. And that, and that kind of makes me feel like this is in alignment with some of the trending topics in the market right now. Okay. So the rebounding out of COVID revenues up 50%, I mean the revenue numbers mean nothing.

We've talked about this before. If you're going to compare how a restaurant did for any P you know, the last six months, nine months, 39 weeks, whatever, uh, to the year before we're still making comparisons to. And I just kind of have to throw those out the window, uh, negative cashflow, net income, and operating loss.

I don't love though to see that in a restaurant industry, others have been, I think a, you know, Portillo's was, you know, positive and its financials. Um, but I said, I don't want, I'm not going to miss the next chain restaurant play and, uh, bros, Portillo and F WRG. They all did well for IPO's it's 12.5 million shares.

It's got healthiness to it. It's got the sort of, and although, you know, Oatley did badly today and beyond meat hasn't done well, there is still a demand for in health forward plant forward eating. And I want to give a, you know, I want to give a restaurant chain, um, you know, I'm going to stick with the trend there and try the rest of the rest.

Ha ha healthy food. Alternate is not hot right now though. So, well then maybe we get a reasonable entry price on this as well. All right. That's the glass half full approach. Okay. Fair enough. KinderCare. Yeah, the main thing is just again, so KinderCare learning, um, education centers, blah blah, blah, 1500 locations reopening momentum.

They make revenue. This is something this should not be allowed to be a public company. I'm sorry, just to not, no, no. Forget to forget that this should not be a for profit. Like childcare in the, in the U S is so unaffordable. And now we have companies that are going to be publicly traded. They have to answer to investors and the answer to wall street about their stock price and their, their margins and their, and China just made that move a few months ago and killed all the private.

This should not, I, this I, that might not be a popular opinion, but I mean, this should not be a publicly traded company. I missed we're talking about childcare, whatever. Just tell us, tell us about the IPO. Ah, yeah. W gross profits are up 3534%, but again, we're talking about comps to lock down, so I can't count much in there.

They do have positive baseline financials. So cashflow income operating profit are all positive. So it's a big company. I mean, you're talking about 1500 locations and I mean, we're a capitalist society. If our social different socialistic approach to working, you know, the private market's gonna, you know, is the only, it's our only hope of we can otherwise we're just gonna have, you know, who's going to be the educated future.

I mean, I agree with you. I th but we're talking about the holistic approach. We have the socialistic approach to K through 12. It's just pre-K that people versus this is ages six to 12. So this competes with, um, with public school. Okay. Yeah, I do six to 12. I think it's a lot of like preschool and afterschool.

I kind of skipped over because I just sort of like, nah, maybe this company is pissing me off next change the subject. All right. Six weeks to 12 years old. Oh, six a week. Wait. Okay. Whatever I, I w oh yeah. Yeah. We've been filling a need there. I have an 18 month year old kid and a child. And, you know, there are days when we would like to just put her in someone else's care if we found someone trustworthy.

I bet. All right. Um, no, I love my daughter. I love spending time with her, but it's a lot better. Anyway, uh, Austin gold, this one is sort of like, Hmm, well maybe, uh, it's a gold exploration company in Nevada with corporate offices in Vancouver. Uh, they are revenue, which means they basically just are exploring right now.

And the website is horribly lacking. Uh, it looks like something a kind of intern might build as a test project and a web development company. And for me, that's a red flag. I, uh, you know, I mean there's pages where it says like, uh, error content missing on their press releases. Uh, their investor page is basically blank.

Um, and since I am a designer developer, I do find that, especially for these sort of low float under the radar IPO's unless I'm looking for it to be terrible. Uh, not having a strong, solid website is sort of like, I don't know how seriously I can take this company if, um, you know, if they don't even have an updated website, uh, I want to I'm with you.

One interesting thing though, is that, uh, some people I know who have some knowledge of Nevada and gold mining said that these guys are operating before areas that they're operating in are the right areas to be operating in. Um, and the CEO just last week sold his previous company for $2.8 billion, which was it's really M resources.

And he sold it at a, something like a 30, 40% premium to the share price. So Cheryl, you know, shareholders are happy with that. Uh, the float is 3 million shares, but Roth capital is not a particularly loved underwriter. Uh, they must've done something. I still haven't nailed it down, but they have sort of a reputation for screwing, uh, IPO buyers and people tend to avoid them.

Um, we've also seen a lot of their, IPO's just seem to get terminally rescheduled and we're up against the clock. We, we, we got, oh, that low. We're on time. Yes. Awesome. That Hammond runs IPO warriors joins us every Monday to run through the weeks late an IPO. And we appreciate that Matt, or as a pleasure and go to the newsletter.

I get the newsletter. I feel warriors.com. I'm going to start adding some more, uh, kind of featured breakdowns on individual IPOs. Um, my kind of longer-term vision is to have time to make videos, to put on there as well, to break down some of these with a little bit more in-depth analysis of the actual financials, uh, when I'm reading on Twitter, that kind of thing.

So, uh, stay tuned, sign up for the newsletter. Follow me on Twitter. Thanks guys. Have a good week. All right, let's keep it going here. Our next guest has been waiting patiently backstage dog Drysdale. I've mentioned him at the top of the show. He was the CEO of Sayven ticker. CYB N a B. It's bringing him on the show.

How are we doing Doug? Happy Monday. Thank you for taking time out of your day to join us here on Benzinga live. How are you doing today? I'm doing great. Thanks gentlemen. Thanks for having me today. You're welcome. So real quick, before we get started for some of our audience that may not be familiar, do you mind just giving us a quick rundown of what it is that Simon does and what the mission is there?

Yeah. So Simon is a biopharmaceutical company and we're working to transform psychedelic drugs that we've known about for decades now into actual therapeutics for mental health disorders, like depression, addiction, and anxiety disorders. Got it. So last week, I know we saw some news about M C Y B 0 0 3.

So that's one of your guys's PR proprietary drugs. Do you mind just overviewing that news real quick? Yeah. Last week was actually an historic week, uh, in the many decades that people have been working on trying to transform these molecules into actual therapeutics. Two pieces of data came available. One was from one of our peers that for the first time in a 200 plus patients study unequivocally proving that siliciden, which is the active ingredient that comes originally from magic mushrooms, proving that it works in depression and they're paid in helping treat people, people with depression, both the solid and robust resolve at the same time.

Simon released data showing that finally after decades, we're able to completely transform this molecule and turn it into something that's actually useless as a therapeutic. The downside visceral assignment historically has been that clinic times are eight hours. So your patients are in the clinic for eight hours a day.

And significant side effects and adverse events and would see why B3 we've shown that we can cut this clinic time in half and we can reduce potential for side effects like nausea and headache and other adverse events in half as well. So a major breakthrough. So essentially you're saying that so psilocybin on its own, which, which, like you mentioned, is, um, what's found in magic mushrooms has been proven to help with depression, but there've been downsides, um, to just take an oral.

So psilocybin, so with CYB three, you were able to kind of address some of those downsides, um, to, to the actual psilocybin. Exactly. So we've taken psilocybin, we've made it synthetically in the lab and then we've modified it to improve the profile so that it's has a safer profile for patients and pay spend half the time in the clinic.

Got it. So, so for some people out there that may have, um, some of these psychological disorder, major depression disorder, um, bipolar, and I know some of them have, have tried a lot of different things and, um, you know, different medicines on the market don't work. So, so is this something that, uh, can be seen as an alternative to helping these patients when those other medicines don't seem effective?

Yeah. And once approved they have. So when you look historically back at how we treat depression, we typically use drugs called SSRS, which unlike Prozac. And when you look back over the last couple of decades, on average, a SSRI is typically I know better than placebo in patients with mild to moderate depression and many patients try two or three or more of those Sri's before running out of options.

And so a CYB three now provides once it's approved another option for patients to tackle their depression and addiction and anxiety disorder. Did Doug, this has Spencer here. I want to ask you, um, about the, the headline we got late last week, and we're getting again here today about just through the Republican, a bill to legalize cannabis.

Uh, I sort of grew up these two things together. I know they're not really technically the same thing, but I sort of look at, um, psychedelics as, as sort of following the cannabis lead in every respect in terms of just regulation and capital markets. Um, I'm wondering if, if, if the move by, by the GOP, if that has sort of changed your, um, changed the, the, the equation at all for a psychedelic regulation at large in the U S.

No, not really quite different. So I see that there's a general sentiment change towards looking at these alternative types of treatments and that's all positive. We're looking at drug development that needs to go through the FDA and we're planning studies plan that are coming up in early, early next year.

Um, FDA has granted breakthrough therapy status to sub assignment. So they've indicated that this molecule was really potentially important in mental health and da just, uh, came out and said that manufacturers should be making more of these substances to allow more research to be done. So I think we're seeing very positive signs, but DEA and FDA, when it comes to turning these molecules into actual therapeutics that can be prescribed by a physician.

So, so Doug is there, uh, you know, a lot of opposition from, I guess, you know, what you could call like big pharma, some of the producers of these SSRS that see, uh, this field as maybe something that's emerging as a competitor to them. So are there, are they, do you see that opposition for big pharma? No. I think the big pharma will see this as an opportunity.

When you look across the big pharma space, many of their psychic psychiatry departments have gone over the years. They've become neurology departments. And so there's really been very little innovation in psychiatry in maybe 30 years. So when you look at the total addressable market of all these indications that psychedelic companies are working towards, it's around $300 billion annually.

So I think the big pharma will absolutely be interested in this is a space where there's been very little innovation for separately. So Doug for Simon. I mean, I, you know, the namesake comes from psilocybin and mushrooms, but I understand that you're working on other drugs as well. Which other, uh, you know, drugs are you working with outside of psilocybin?

Yes. We're working on some other molecules that are related. Uh, these molecules are called tryptamines, which are all like serotonin, which is a naturally occurring. You're a transmitter in your brain. As we're working on some other tryptamines for anxiety disorders. We're also working on a range of molecules called phenethyl means.

And these are molecules that are related to MGMA or masculine that might help with PTSD in the future. So we have about 50 molecules in our library currently, and we're taking our lead two candidates into the clinic very shortly. Wow. So, so for investors, you know, our, our, our audience here is mostly retail investors some day traders.

What could they be looking out for just in the end, not with cyber in particularly, but just in the industry as a whole, like, are we so early stage that maybe, um, you know, we continue to see some of these names get beaten down or do you think it'll be pretty quickly once we start seeing, okay. People are really noticing that, Hey, look in the psychedelic space, this has actual value and potential, and we can see those investors start coming.

Yeah, there has been a bit of a rush over the last couple of years, companies rushing into this space. Uh, but I think we're moving from a period of news to a period of Qaeda. So Simon was one of the first companies sort of the state of this last week. And I think those data points will start to really separate companies from each other and differentiate them.

So look out for data. That's coming out of clinical studies over the next six to 12 months, and that'll reset some of these companies apart, I think from some earliest stage organizations that are not quite up to speed yet. Good question here from our chat. Um, how does the FDA's new designation for, for a Simon's work, uh, affect the timeline for commercialization?

This is from solar up. Yeah, potentially the breakthrough therapy status, uh, could accelerate the timeline to, to commercialization. There's two things really, uh, the first is that, uh, FDA provides a rolling review. And that just means that they're looking at the data that you submit in real time, not, not in lumps at certain time points, and that's much more efficient.

You also get to collaborate with that day and ask questions, which means that instead of guessing what they're looking for, you can take advice on what they're looking for. And typically we breakthrough therapy status to FDA requires perhaps just one phase three study, which are the big expensive studies rather than two.

So that can save time and cost of coming to market as well. Got it. So do you have any like ballpark timeline on when you hope to get some of these drugs through the pipeline that the approval? Yeah, so unfortunately drug development is quite slow. Um, but for a reason, the good regaining payments have to be, have to be safe and they have to be tested well so that they can be prescribed for patients.

So from where we are today, we're looking at those kind of four to five-year timeframe, still to get through those major critical studies with the first one kicking off in early 20, 22. And then from Brando, likewise, with cannabis or as well as what happened to cannabis, do you foresee it being a case of we get a medical first and recreation and then, and then later on some states doing both at the same time, or, yeah, I don't think so.

These are very much going down the pharmaceutical route. And the concept here is that they will be given under supervision or clinical setting and combined with psychotherapy. So patients will go through a period of therapy associated with the treatment, and it seems to be the combination of psychotherapy and the molecule of the drug itself that lead to these good outcomes.

Uh, in some studies we've seen that four times, the effect size of SSRI is a four times greater effective at treating depression when combining the psychotherapy, uh, with the molecule. So it's hard to see with this current generation of molecules, uh, that there'll be a recreational. Okay, that makes sense.

So, Doug, have you seen a big shift over the last couple of years, just in sentiment regarding, uh, some of these drugs becoming, you know, uh, like viable treatments, because I'm sure, you know, five years ago there would be doctors that scoffed and said, oh, this isn't real medicine, et cetera, but now it seems like more and more people are taking this field seriously.

And it's not just doctors. I mean, first of all, psychiatrists are typically fairly open-minded about trying new treatments for their patients, but then you add in the FDA and the DEA throwing their support behind this work. And then also major chip biotech funds. Many of which have invested in Simon are really getting behind this as well.

And when you start to see the smart money getting into the space and we know that there's real potential. Got it. So I think one of the, you mentioned that in the last 30 years there hasn't been that much, uh, you know, development or improvement in psychiatric care. Um, and I think one of the problems is that a lot of doctors, you know, see it as, okay, I'm going to prescribe someone, uh, you know, this SSRI and that should help alleviate the symptoms or help solve the problem.

But, um, you know, oftentimes a lot of psychiatrists talk about some more holistic measures on top of the medicine. Uh you know, looking at some of these other holistic, you know, things people can do to improve their mental health outside of the drug, or is it simply, um, you're just trying to develop this molecule that you think will be a better.

Well, it sounds for the molecule. Let's make sure that these molecules are, have realistic duration that can be scalable and let's make sure they're safe and well tolerated. So we minimize the side effects, but you also want to make sure given the nature of these molecules that they're given in a safe environment.

So we've created a psychotherapy program called embark. It takes in six domains of best practice, like a therapy. And we using that to train therapists that will apply to therapy in our clinical trials. And we're making that open source. So therapists can get trained. They want to do that, but also to make sure that we're applying it's like therapy in a consistent way and putting patients in a safe environment.

Yeah. I was just curious if that was part of the, I guess quote unquote treatment plan is like, okay, we'll, we'll get, um, this patient on say C Y C Y B3, but that patient should also be getting, I don't know, X amount of hours of sleep a week or exercise, you know, having the other things that help factor into someone's mental health outside of just what drugs they're taking.

Yeah, of course. I mean, exercise, eating well, getting good sleep are all good contributors to mental health. When we look back at some of the academic studies that have been performed using psychedelic drugs, uh, those that have reduced or eliminated the psychotherapy have been shown to be less effective.

So really does seem to be a combination of the psychotherapy and the drug together. So it forms a kind of a package that helps people overcome the trauma. That's underlying that depression, all. So Doug, what drew you to this industry? I mean, do you have more of a psychiatric background or more of a chemistry background?

You know, how did you get here? Yeah, I started out my career in a lab, uh, but I've been in, in, uh, pharmaceuticals in the healthcare industry for 30 years. So I've been developing drugs for, for that time. And, uh, you know, like most of us, you guys too, I'm sure we all know someone in a loved one, family, friends has been affected by depression or addiction.

It's tragic as soon as it's all around us. So in 30 years of drug development, I don't think I've had an opportunity in that time to help as many people in such a profound way as we can with the psychedelics. So, so our mission to really turn these into therapeutics once and for all. So, but do you have anything that drew you particularly to psychedelics or was it just that you identified that, Hey, this is a good opportunity here to maybe help tackle some of these problems once and for all the truly groundbreaking.

I mean, I can set, I have family and friends have been deeply impacted by this and to be able to combine your work with helping the people that you love is never a bad thing. And it's red, you see data like we see with psychedelics and how profound the effect can be. Literally patients who have spent years of addiction walking away from a psychedelic session and free from those addictive cravings for weeks or months at a time from just one session.

I not seen anything like that in my career. So this is an enormous. Got it. Well, Doug, thank you for coming on the show today, we will have to get you back on as Sabin announces more data and news. Um, I know a lot of us here at Benzinga are kind of, you know, following this industry closely and very fascinated by the, um, you know, the progress that has been made so far.

Uh, so Doug, thank you again for coming on. Thanks for having me guys. Um, all right. It's one. O'clock we're going to have our next guest on, in his second before I bring them on, though. Uh, AB did you see what Luminari is doing today? L a Z R L a Z R. We had them on the show on Friday and we're up 11% today.

Let's go. I'm not saying Benzinga is why Luminari is up 11% today, but I'm also not saying ending is not why. Yeah. I've heard some kids on the street are calling the Benzinga bump. Um, oh, I thought that's something different.

I got both errands to live for that one. Oh man. All right. Well, I, I don't even know how to follow that up, so I'm just gonna bring my man Jake on the stream. Jake, how we doing? Hey, how are ya? Thanks for asking what's up. Jake? Who Jasick from trend spider. Jake. I thought of you this morning because we're talking about Grogan and I know that's one of your favorites.

So I'm sure you're happy today. I do like it. Yeah. Now I have it as a long-term investment. It's not something I actively trade, so I just keep dollar cost averaging in, but yeah, definitely a nice day kind of a weird market out there. Honestly, got a lot of, uh, what I like to call Christmas colors in the watchlist.

You don't really have, you know, a lot of green, a lot of red, it's just kind of just every other stock I have in the watch list is either red or green. So getting the Christmas color vibe there right now, but definitely kind of weird with, with spy is a weekly candle from last week. That's something that does have me a little cautious.

I do kind of lighten, lighten some of my positions today. It was a definitely a huge week for me last week in the trading arena. So I definitely don't want to be giving back profits. So, um, I did lighten things up. I still, I think marijuana is probably just getting started, but you know, uh, we have to kind of look at the broad markets before we look at individual names too much.

And, and yeah, so with, with spy, I'd really want to, to get above last, week's hide for this to be a little bit of a more risk on sentiment, but Bitcoin is, well, you have this weird pump last night, and now all of a sudden you're back to where we started. So just kind of a weird market. It is OPEX this week.

So that's something to keep in mind. Uh, Yeah. So that's, yeah, I'm not in any options positions this week, uh, for that reason, just you, you have some crazy moves and, uh, you know, for me, I'm just, I'm just in some common stock positions, but yeah, Bitcoin is the main thing that I'm kind of keeping an eye on here with, uh, with definitely, uh, some rejection and Bitcoin is honestly probably more of a risk on risk off sentiment indicator than even like IWM, IWM used to be my go-to and now it's really Bitcoin.

The fact that we're about to break 60 4k here and getting rejected at these previous highs is, is definitely worth noting. Um, so we'll, we'll have to see what happens, but I, I definitely am a little more cautious than I think I probably would have been, uh, last week. I'm not used to hearing this out of you, Jake.

Yeah, I know. I'm, I'm generally pretty bullish because the charts have been bullish and, and I, I do think that the markets, you know, overall, still look good. I mean, IWM, if you look at IWM on the daily chart, at least we still have the Sr flip. Uh, so that's simply just meaning previous resistance became supportive.

But all in all, uh, you know, just, just based on, Bitcoin's kind of weird price action today, I am a little cautious and, you know, some people may say, well, what does Bitcoin have to do with the broad markets? It's, it's actually a very good, uh, way to gauge, you know, overall liquidity in the market. So anytime you see Bitcoin selling off, it's always worth noting.

Um, so, so yeah know, like you said, I usually am not too cautious with the markets when they're showing strength, but I am a little, especially with it being OPEX week options expiration week, uh, which for some people who are not familiar with OPEX, it's just when a monthly expirations, uh, occur. So, so yeah, I'm, I'm a little cautious.

I definitely have, uh, raised quite a bit of cash, but I do have some open positions. Um, so CGC that's one that I do have an open position on. And you know, the main reason is, is simply because we're just pretty much retesting this previous resistance for now. So you've got this area always is going to be a zone with me.

I don't have an exact trend line that we're going to be looking at for a balance. You've got this zone. And then if we, if we just kind of highlight this area here, uh, highlighted by these green areas, technically we're just retesting that right now. So nothing that I'm too worried about right now. I mean, if you look at the weekly cannon.

Yeah, this is, this was a pretty big, a pretty big reversal here on the weekly. And you can see that we had a very similar candle when we, when we reversed back in March of 20, 20 around COVID and we did have this type of candle. So that's true. And then, and, um, what's the other one there? I can't even really tell it till when, uh, so just to the left.

Yeah. That, yeah, that guy too. So, you know, there's this natural reflex when you see a big, big, uh, green candle, like the one we just got to say, oh, but it's already come so far so fast. But if you look at the previous times, we've got candles that big, you know, that that was the start of something that was a movement.

I don't know if it was moving or not, but it was a start of a trend change in trend. Yeah. I mean, if you look at the, the daily, this is the main thing I'm looking at is a, this long-term trend of that kind of, uh, finally broke to the upside. So if you draw, where did I have that drawing? Of course I don't have it on the chart now.

I don't think I used this one. B it was just a little too. Um, where did I draw it? Well, even here, I mean, you can see that we technically, depending on where you draw the trend line need to still break out a little bit. But, uh, the main thing that I think I had was here, I did use the, uh, the WIC here, so I just drew it kind of here.

And if you look. All we did was we just kinda retested the previous, uh, resistance last week bounced off of it. Now the main level is horizontal a price action. So before it was diagonal that I was looking at now it's more of this horizontal level that I'm kind of keeping an eye on and definitely still have a position, just not as heavy, uh, because at least for me, if the broad markets are showing any signs of possible caution, I'm not going to be heavy in individual names because sure.

Some individual names will do well, but overall, a majority of them will have trouble playing out as these individual setups. If you do have the market kind of being a little weird. So, um, CGC is definitely one that I'm keeping my eye on. A lot of people are, are kind of looking at the US-based stocks right now.

The bigger move for me personally, I liked GRW G because it's not an OTC. Uh, that's why I'm not a huge fan of some of these U S names yet because they're OTC. You don't have as much liquidity don't have as much volume. And, um, you know, I just really, don't like a F five letter a tickers either. So I'm just getting, but, uh, I definitely, haven't gotten too deep into the, you know, the TC in, in apps and all of those just because they are still OTC that may change in the future.

If, if things go well with this, uh, potential federal legalization, but for now, you know, my proxy would be G RWG to play and you can see even this is having a little trouble getting past those previous highs from last week. So, um, all in all, this is one that I have longterm. It's not something that I, uh, you know, I really actively trade.

It's just something that I've kind of bought and will continue to hold on to. Can I, can I offer you another proxy now, full disclosure? This thing has already run up a bit here, but yup. Yup. That's that's the other one too. That's uh, and, and this is the time to start at least paying attention to the monthly candles.

I mean, we still have half of a month left, but, uh, generally you want to at least get an idea of what they look like. MSO S already has an outside bar, regardless of where it closes. The range of this bar is already, uh, pretty much overlapping this entire previous months range pretty much had 1, 2, 3, 6, Red months in a row.

So I'm thinking this is probably ready to move, um, you know, higher over the longer term, you know, we'll see what happens I think today. Oh, is it only up 1.4%? It was up like 5% today. I mean, it was off a tire the day. Sure. Yeah, yeah, yeah, yeah. So, so for me, you know, I'm definitely watching this one for a proxy.

Um, and, and this one may be one that I do enter. Uh, but for now I've got the CGC ACB. I like this one simply because this one just ran, uh, the most last time we had a we'd run. And if you look at today's candle looks pretty similar to this candle. Back in November of 2020, you had, you had your initial spike, you had your pullback and now you've, you, you, we may at least have a, the continuation up the rest of the week.

But another one that I have is a, an active trade for that reason, because it, it can be a pretty high beta mover. Um, any, any names that the chat's wanting to look at today or anything popular on, on that side? Um, well, we do have a question from board to be free asking if you can just show us, uh, the Strat and trend spider, I'm not sure on what specific, um, chart, but so yeah, we do have the Strat, so I'm not sure what part of the Strat on the platform, but the one thing that we do have is the strap where you can pretty much label each.

Uh, each candle as a one to a two up two down or three. And so if you do that, you can see that here and you can scan for these different types of things. Uh, you can change the colors, like if you want a two up to be green and a two down to be red, uh, you know, just right click, go to properties and you can easily change those different colors.

So if we wanted to, up to be green, just change it to green, to down. If we wanted that to be red, just change that to red, and then you'll see those, those do change. So the strata is something that we do have on the platform, both on the visual side, also on, you know, pattern recognition. Maybe you're wanting to learn how to, um, to see these different patterns kind of train your eye.

So you just go, let's say you want to know what a, a one, two down inside break is. You just click apply here and any time you've got one of those, it will show up on the, on the, uh, the chart. So if, if maybe you're still learning the strap and, uh, you want to just kind of train your eye on what these look like.

The pattern recognition is another way you can do it, the scanner, you can go and scan for something like that. So on the strata, if you wanted to go in and look for, you know, uh, whatever. So let's go just type in the Strat. Maybe we want to scan through the S and P 500 for, uh, current months that are possibly setting up as an outside bar.

I know Sarah Strat, uh, was actually looking for that. Today. So I sent that over to her. So if you want to do an outside bar, it says outside bar bullish the Strat. So if we want to look for monthly outside bars that are currently forming, just click scan in any of these bullish outside bars that are currently forming for November, we'll we'll show up.

So that's the nice thing about the scanner is you can scan for something that, uh, has not actually closed yet. And that's a big part of the Strat, right? It's called being enforced, meaning the candle hasn't closed yet. And so that's something that you can use on the scanner, um, when you are using the strap on transpire.

So hopefully that helped. I'm not sure if there was a particular name, they wanted to see the Strat on, but that's how you can. I think he just wants to see, see the studies. So, so that was helpful. We do have some stickers flying on the chat here, uh, babababa. Okay. I'll go to unilaterally. Cause you were specific, he asked for TTCs but the weekly specifically, or he, or she, sorry, I don't know who you are.

Laterally DCF. The weekly. All right. Well, you know, it's, it's a little hard to look at the weekly right now. Cause it's only Monday, you know, halfway through Monday we still have four and a half trading days left in the week. But for now you've just kind of got this inside bar forming. Uh, for me, I'd probably just look at the daily because that's where, that's where we have a little more, uh, We're about to close in a couple hours on the market.

So I'd be looking at this. You do have an inside bar here. You do have a higher lows. So that's something to also keep in mind. But, uh, for now, you know, this thing, this thing is definitely, uh, getting, getting hit over the line a lot over the last, uh, two months or so. And I have no idea what this company does or if it's gotten a catalyst or anything, but at least, I guess you, you're not a fan of the tattoo.

CIF, not, I don't even know what that is. What is it like beyond meat? No, the product, the product, not the stock. No, neither. You're not going to like, then you're not going to like tattoo CIF. Okay. So maybe let's see. I can turn on earnings here. Okay. I guess their earnings are coming up in a week and a half or so.

So I'm assuming this probably got hit because of BYU and D um, earnings. So I'm just curious what they're at right now. Okay. So they, they they'd come back a little bit. Um, but they're still having some trouble here, but, um, yeah, if, if w you know, one thing always with. If you have earnings coming up, it is really hard to use charts as setups what you want to use charts for our upside and downside levels to watch.

So, you know, if you do want to know quickly, if earnings is coming up, just go to other data on transplanter and go to earnings here. So once you click that box, you'll see here that these little, uh, orange vertical lines will show you when earnings were. So here, you know, last week was earnings for BYU and D for CTCF.

Uh, you can see that that orange line is over here for the 26. And I think we get that data from you guys. So that's, that's data provided by Benzinga. Um, and you'll see here that, uh, you know, I would probably wait until after earnings, before I even looked at this, but you know, who knows it, it could maybe move up into earnings with people speculating, but definitely seems like it got hit a little bit from that BYU.

And I, I should clarify. It's not quite the sanding is beyond me, but it is like, like healthy alternatives. Like they have like cauliflower pizza and that sort of thing, you know, like tattooed chef. I won't say that I I've had the cauliflower Mac and cheese, and that was pretty damn good, but yeah, it's a lot of like vegan and vegetarian frozen foods is what it is.

So that's what I meant when I said beyond me. Cause it's similar vegan alternative. Probably at the point, you get the point. So sorry. If I offended anyone's taste buds. Um, what about this? Go back to the chat tickers from the chat here. We got a few. What about, um, doc, you want to look at Doximity doc S E to see docs?

Um, yeah. So another one that recently just had earnings pretty much. Hasn't really moved much from that earnings date, but we're kind of in this weird setup here on, on docs now, correct me if I'm wrong, it looks like this is a recent IPO. Uh, which, yeah, which for me is something like, was it an IPO or a spec?

Never remember demonstrate. I think, I think it was an IPO. Yeah. Cause if it was a SPAC, it was probably a 10, there was an IPO. Um, but yeah, I mean, for this one, you don't have a lot of price history, so that's something that I always kind of keep in mind. If we did a kind of draw this descending trend line here, highlight a zone, you will see that we did break out last week.

Maybe we're just doing a retest here from, uh, from the previous breakout point. You know, we could go down even to round the mid 60 sevens before, uh, before this kind of maybe catches a bid, but for now. The weekly candle is just starting. So there's not much we can, we can do, but I like to use the weekly candle just to see what the overall setup is.

In this case, we just broke out of this downward sloping resistance zone. Uh, so that's why I turned it on. But for now, you know, the weekly candle, I wouldn't put too much emphasis on. There's just too many trading days left in the week to do that yet. Uh, but overall you did have the long-term breakout, uh, on or longterm, medium term, whatever you want to call it two and a half months or so, but the daily's not really telling me much at all.

Okay. Sorry, AAJ. Um, blah, blah, blah, blah. Let's go back to the chat here. We got a few minutes left with Jake from transporter, GoPro. Okay. We're going to go pro from Bonzai buck. Hello? Hey. Yeah. That's relative strength today. That's for sure. Yeah. I think they had good earnings or I did see this one. Let's see.

Turn on other data. Yeah. So earnings was, uh, back in early November and it's gone pretty much straight up since then. So yeah, this one looks really good. Uh, this is one that I would turn on the weekly. Not because I want to see what the weekly candle looks like for this week, but just to see, you know, where we are within the trends.

So if you look at the longer term resistance here, We're pretty much right at it today. So that, that would be something to consider. You know, maybe, maybe this brings some breakout buyers in, if, if this does continue to break out, but this is a pretty strong zone and notice, this is why I want to highlight this is why you use zones, right?

So if we just connected this wick to this WIC, we only have, technically, this would be the third time that we tested this area. If we use the zone, we connect this WIC to this wick and extend it and then pull this down. And then all of a sudden look at what we have now, we've got 1, 2, 3, 4 points on the chart before we only had two.

So, and this would be your fifth. So this is why I like to use these zones rather than, and I mean, some people may even pull it back, even this far to highlight that, too. So this is why I like to use zones, just capture so much more price action and then makes this area a lot stronger, um, than if we just used a wick to wick.

And we only had, you know, this would be the third point on the trend line. So, uh, yeah, we're, we're at a pretty crucial area here on GoPro. And if we did continue up, I mean, you know, this is clearly in an up trend over the last year and a half. And, uh, you know, this would, this would definitely be an area to, to break out.

And if that was the case, that's when I turn on kind of the horizontal level mode and this would be my previous zone to watch around 13. Then the next one would be around there 14 or. So, all right, let's talk, let's talk about lucid LCI, D they report earnings. I believed in night. I think I know, I know you just said that it's hard going into earnings, but we got to ask about this one earlier and I didn't, I didn't want to forget about it.

Yeah, yeah, no, for sure. Well, on the, on the, on the daily, you kind of have this breakout a little bit, so, you know, you got a pretty, pretty decent little pendant here that you're trying to break out of. Um, so I think that's probably what a lot of people are seeing right now. So let me just remove these arrows.

I'm getting all these calls for the black Friday sale. Um, phone has been blowing up all morning from our customer, uh, uh, line. So, so this is what I'd be looking at on lucid. I wouldn't even draw this lower trend line. Maybe if you did draw the lower trend line started all the way from like here. And then you can see that we kind of have this zone rather than, um, rather than just that, that trend line, but same thing, you're kind of breaking out here.

This is where I would definitely turn on the raindrop chart. Now, remember we're going into earnings literally today. So you know, this, this can completely invalidate the setup, but for now you do kind of have this pennant breakout. That would be what I'm thinking. A lot of people are looking at. I was, I did a, uh, I did a recording with fatal warrior yesterday.

He was definitely watching this pennant. So I definitely think this is probably making the market a little bit, the fact that it is breaking out. Uh, but the thing is I would definitely turn on the raindrop and just see where, you know, where some of this volume at today. And you can see not a ton of volume kind of volume.

It kind of looks like almost like a, you know, a donut hole or something like a pretty much a circle. That's not a raindrop that I particularly like. I want to see a lot of the volume at the top of the range. The volume is essentially just these squiggly lines on each side, that's showing the volume profile that's where volume has occurred with it within today's range.

So I don't know. I guys know my thoughts on earnings. I wouldn't hold it into earnings just because there's, you know, you've already got, I mean, reveal and look at reveal and how many cars have they sold? Not a lot. And the valuation is insane. I think some of these electric vehicle names are just getting out of control with some of these valuations, but who knows, maybe the market's going to continue, continue to, um, you know, push it up.

But one thing I would definitely mention is the gap above there definitely is still a gap above two around 56. So for the bull case, you know, 56, uh, around 56 fills that gap above. And that was from pre a previous earnings. Uh, crucial is asking about op star, uh, crucial ups T I've started is coming off interning support from a week ago.

Yes. Uh, tomorrow last Tuesday, their earnings were not great. Actually the earnings hasn't headline number was fine, but they reported, uh, actually their earnings were okay. The headline numbers, but, uh, I, I haven't looked too closely into it, but for whatever reason, the stock had it crushed off its report.

So it's mostly been stuck in this little, little range since then, uh, crucial. But that's why you dropped last week. You're asking for a fundamental reason. There it is. Um, uh, you know, well, and a lot of people, you know, they, earnings does not mean anything. It earnings is, is a way for the market to price in what has, what was expected and what wasn't right.

So like if the market's already priced in a lot of what those good earnings were, then the market's going to pull back. Once those actual numbers come out, it's the same reason why, you know, maybe, maybe a company. Lowers their outlook in the future, because then the market isn't pricing that in, into the stock, the next earnings, all of a sudden you beat or you beat the expectations and that helps the stock price.

So I just think there was a lot priced into this already, uh, based on the fact that we did break this previous lows, not looking great. We're breaking down through these from the, uh, swing low and kind of the handoff period here. So I probably wouldn't touch it. It's another one that I would probably let the dust settle.

I generally don't even really look at entering position after earnings, unless you've got at least a week or two for the dust to settle, but yeah, this one's listening. Okay. Okay. Uh, Georgia skew is asking about Nokia, like a Nokia for a long time. How is an okay doing? Oh, is it doing very look Nokia chart?

That's because that's because it trades over in Europe as well, and that's the primary market. So even though we're trades on the nicey and the U S uh, the primary market, I believe is London, I want to say. Uh, and so it'll just do whatever happens over there. So that's why you get these overnight gaps.

Yeah, it looks, it looks kind of like a gold ETF or something. Um, but yeah, uh, Nokia, I mean, you've got this kind of abandoned baby. Yeah. Forming here, but the problem is is you, you know, that's, that's just what this, uh, set up. I love it. I will be abandoned baby set up. I would never abandoned Cuba. That's not what I'm saying.

Um, but yeah, I mean it, what time is it? It's like, you know, two and a half hours left in the market, so this could easily change, but you do have a little bit of a, uh, that type of setup forming. This is like a meme stock, right? I mean, this, this had kind of it's, it was briefly not anymore. I don't think, I don't really know why this thing called the bait back in.

What does that January? I'm not quite sure I had this similar idea of just like a oh, with Blackberry. Is that what it was? Well, Blackberry and game, you know, just companies that have been kind of defunct over time and had so much, so everyone's favorite technology company from 2003, trying to somehow bring blockbuster stuff.

Got it, got it. Got it. Okay. Yeah. So I mean, the long-term trend is up. Um, if you want to kind of gauge that from around November, 2020, uh, now the thing is you do have the support zone, Wade blow down here in the five twenties. So who knows maybe, you know, maybe it gets there. You do have this huge gap, I guess.

Let's see if that was from earnings. Yeah. This was an earnings gap back in April. So earnings just happened, uh, Last week of October. I don't know for me it's, it's not really, at least like, so there's, there's ways to look at the trend, right? The longer-term trend. We have these higher lows, the shorter term trend here.

We're pretty much just kind of chopping around. I mean, if you look at the range here, we can pretty much draw it in a box. So it's not really doing a lot right now. So for me, it wouldn't, I probably wouldn't really gauge my interest, but who knows, maybe, maybe we get to move up. Um, but yeah, it's, it's stuck right now.

Okay. We'll do one more. One more. Uh, let me just check if this is what I'm thinking of. Yes, no it wasn't but okay. P R O G Progenity I've heard this. I wasn't sure if that was progressive, but it's not. It's a PGR. Um, P R O G I don't, I don't know about pro G, but maybe Jake has thoughts on the chart. I'm not sure.

See, volume is volume. Yeah. It's all over the place. Um, yeah, I've seen, I've seen a lot of people talk about this one. I think it's relatively low, low market cap. I'm not sure, honestly, but yeah, today it's having a good day, but if you, if you look just at the basic trend, we're still kind of in this, uh, area where we've got a short-term downward sloping, lower highs, but I would definitely want to see a close above around three 80 for this thing to really.

Maybe test these previous highs around four and then four 40. And that's simply just literally taking these previous highs and extending a trend line over nothing fancy. Hey guys, Jake would, Jasick joins us every single Monday. And, uh, by the way, if you want trend spider, check it out. We have our own, we have our own offer code.

The offer code is on this. I would say we do have the black Friday sale going on today. It's 65% off. So that is going to be the biggest deal. Um, I'm not sure if you guys have the link to share, but you can also just go to transpire.com 65% off today. We do have a sale going on until, uh, I think cyber Monday.

So what it does is it drops every day. So it's 65 today. It's 64 tomorrow 63 the next day. So this is definitely going to be the highest, uh, discount percentage that we have. I was going to say the lowest price kind of, that you'll be able to do, uh, for today. So definitely check it out. We, you know, we, we definitely want you to be able to try it out first.

So if you do even start your free trial today, you'll be locked into that 65% off. So, you know, don't think I can't do my free trial. I have to lock in the 65%. You can start the free trial today and you'll be grandfathered in for a week when you have that seven day. Damn. All right, Jay, who? Jazz stick. He joins every Monday.

I talking shards, talking, raindrops, talking, throwing babies out with the bath water or something like that. Uh, Jake, I appreciate your time as always, sir, have a good one. All right. Uh, Arab ready before we bring on our last guest of the day, um, as something sad to report. And that is that after six years, my ID badge holder to gain to the building is finally broken.

Oh wow. And I need to get a new one. Well, that might, it might take about six to eight months considering the supply chain issues to get a new, uh, this is my ID badge. The holder is broke and attaches to my belt clip. It is broken and I don't know what to do. Uh, here, you guys want to see what my, what my ID badge picture was from six years ago.

I don't know if you could zoom in on that, uh, Rowan, but, um, it broke just now and it's very sad. So anyway, uh, what are we at on the lakefront guys? Not enough. Can we get to 400 likes today? Uh, we'll make it 300. Well, we'll make the goal of 300. Can we get to 300 likes? I don't know. We should try. Um, what else did I write down?

I want to make sure we didn't forget things. There was one more. Okay. There's one more stock that we're asked to have before we were asked to by DM, we'll ask our next guest about that. Chris Capri. I'm seeing some headlines that, uh, Powell. Being reinstated was once seen as a layup. And now it's like 50, 50.

Yeah. The betting markets are, uh, unsure. Sure. Coin flip on uncle J. Yep. About uncle Jay is, would be replacement is a lady by the name of Lael. I'm going to mess up her last while. Maybe wait. Well wait, all Bernard. Yeah. She's she? She's a fed president. Yeah. Yeah. Okay. So she potentially may replace pal, but it seems like they have pretty similar stances on those things.

I just don't know how the markets would react. So Powell being, getting the boot. All right. Let's bring Chris on Chris. Capri Shelley says release. Chris. Chris is here. Chris Capri. There is release the hounds. I don't know if she, I don't know which Chris she's referring to. There's more than one, but this is the Chris.

We have so deal with it. What's up. What's up, man? How are we doing? How are we doing today? Uh, I showed him my dad a segment that you were on with me a couple of weeks ago. And he said, Hey, that Chris guy, I know he seems to know a lot. And my dad's a hard guy, a hard man to please. I would know. So, uh, you got the endorsement from Mr.

Israel. Uh, I appreciate that. I am playing a sad violin song right now for your badge being broken. So yeah, it's very sad. Yeah. Anyway, just before we get started with some charts. Well, tell us about your, your new role. I saw you had a nice, what is this breaking news, Chris Capri and Benzinga yes. I'm, uh, writing some content for y'all right now.

And, uh, you know, according to Luke, we're in a trial phase, so we might, uh, we might make this go full, you know, like, uh, a more, um, how could you say a full on approach? So yeah, I'm writing option content right now. Uh, I'm not sure how many option writers you have, but, um, yeah, I'm writing a content similar to the ones that I do on the live show basically.

Got it. So essentially like written form content of what we discussed on the show and we're looking at, uh, option data of certain stocks, assets, et cetera. Um, so yeah, so anyone watching stay on the lookout for some nice articles coming out about by Chris this week? I bet you, I could find the link. Do we re order, right.

A couple of. Oh, yeah, many. So you need the QD. We did a, we covered, um, there was, uh, institutional trades at a pretty large option bet on LTD. So we covered that. Um, the one thing that this is the article page in the chat right there. I thinking that column slash author slash Chris dash Capri right there in chat, we've got a metal platforms we got, oh, the I shares bond DTF, interesting door dash open door.

Is the door open for open door? So fi affirm. He said all the sexy names. Yep. The only thing is they don't get the flexibility that I do on this show to actually call it live trade outs because, but that's, you know, just part of the regulations and I get that. So, so yeah, so I can't, you know, give quite the same trade recommendations, but some of the core analysis is still in there and it's obviously, you know, this is coverage every day.

So this is I'm here for the best Chris Capri content. But if you want a little bit of extra, then you can go to his author profile on benzinga.com. All right, Chris, without further ado, what do you got on the docket for us today? Trade desk. So let's start with trade desk. Um, let's get it grown. Yeah, my bad dog.

Yeah, till TD.

So, um, we broke all time highs and just this last week on a earnings, very strong volume and close above it and just straight buying from the open, fair, very strong to start. So we feel like this area is going to between 95 and a hundred is going to hold on pullbacks. And so I'm looking to get long on pullbacks, the way I'm probably gonna play it is I will wait for a little bit more of, um, an aggressive dip.

Let those puts kind of charge in value. So as the market falls puts increase in value and so let them charge a bit and then I'll either buy because I am happy to be long, the stock between 100 and say 98 and a quarter. So I will sell the cash secure puts on this for this weekly OPEX. And so I'll wait, you know, if we can get a dip down to say one to three or one or two, then I'll probably sell the hundreds or the 90 nines.

Um, but probably the hundreds sell the cash secure puts. It basically means that if we close below a hundred by this Friday is expiring and those puts get exercised. I'll be long at a hundred, which is where I want to be. So I prefer this as an entry to. That if there's a price, I want to get long at a particular price, instead of just waiting for price to get down there, I might as well get paid to wait for that.

So I'm totally happy to be along at a hundred, so I will sell the cash secure, puts, get a little bit of a ditch charges puts up and then I'll sell them for this Friday. So that's the first one on the list. Okay. We have a setup here in TTD. What else we got? Uh, just checking comments. It seems like we're all good.

So CrowdStrike, CrowdStrike. And let me pull up the one minute. I want to start off with the weekly and then we'll go to the one minute real quick on this one here. So CrowdStrike has, you know, kind of form this I'm missing my wonderful pen. One second. Loading up the trusty pen. There she is. Okay. So CrowdStrike has kind of created this balance zone, minor false break.

When it broke above it, it treated this as the base for its launching pad higher. We've now kind of formed another correct structure. And when I look at the options kind of open interest and everything like that, I feel like two 40 to two 30 is a solid area to get long. So I'm running the same playbook on this one.

As I am TDD, I'm selling cash secure puts between two 40 and two 30. The trigger for me today as I was watching this in real time on the live chart was let's go to one minute. So sold off, which is nice. That's what we want. That charges, the puts, um, we had this kind of, we hit this two 50 right here. There we go.

So we hit two 50 right here and volume. If you look at it, leading into this falling is pretty flat while we're selling off aggressively, we hit two 50, we get a big spike and we get a big volume spike on the woman. Just to be clear, this is from this morning, right? This is this morning, then, uh, you know, we get a few more volume spikes and the volumes a little bit different.

So we get a little bit of a pop. Now we're kind of, you know, floating back a little bit, but if you notice, let me stretch the screen a little bit here. Do you see how we're kind of, kind of chopping around this two 50 area and showing that, Hey, there's some liquidity there, some interest here, anytime you see something that's been aggressively selling off and then it's not selling off so much.

This right here is a transition. All these prior kind of moves. If I show you an extended out, everything produced a lower, low, so base lower, low, lower, low, lower, low, low, low. So here's the two 50 where he had that volume spike. We did produce a lower, low and produce a lower high another little over, but now look, what's happening here instead of just making a new low, we tag this low and now we're starting a base that suggests to me that possibly that the open interest.

It's strong and that dealers might be no longer trading with the market, but trading into the market. So trading with the market is the situation where if the stock sells off, the dealers have to sell that stock to adjust their hedges basically, and trading into the market is as the stock starts to sell off, the dealers actually have to buy into that, sell off.

So the trading into the market, not with the market. And I'm sensing that as two 50 spike was kind of like that first shot across the bow saying like, Hey, we're going to start doing some hedging at this area. And the fact that we've gotten a little bit, you know, kind of a consolidation and a decent pushup here, I think if we close above 2 51 or 2 54, then that will suggest the open interest is strong net.

How, how would you know though, just by looking at the chart that, um, uh, the, uh, market-makers are, uh, would have to trade with or against the market, you wouldn't, you wouldn't know, um, in and of the chart itself, it would be if you have access to option data and flows, if you can get pretty good at reading open interests and understand how gamma rate of change changes based upon the various strikes are at, then it would be much easier to see what's happening.

But let's say you don't have access to data because most traders don't have access to that data. Well, then what you'd want to see is. Generally around a major strike, you know, and even number 2 50, 2 49, 2 45, $5 numbers, $10 numbers, kind of thing like that. But you need to see a transition. You need to see a transition and the transition would manifest itself in the price section and saying like, look, what was the structure before this?

Prior to this bounce off of two 50, everything was pretty much hammering below the nine and the 20 with very mild pullbacks, again, lower highs, lower lows, but now we're seeing a transition and that transition around a major strike. If you didn't know, would kind of be, Hey, there might be something here without the access to the flow data.

It's a very hard, so you just have to rely upon transitions. Okay. If the market is selling off so aggressively, and this is strong, I mean, this is a very strong drop in CrowdStrike. You know, it opens right around two 70, we dropped $20. That's almost a 10% move. It's like 15%, 18% roughly. And then all of a sudden you start to see a transition.

Why would it, why would it all of a sudden stop on the day? Yeah, you could say it's oversold, but generally that's because it runs into order flow there that creates a transition it's too strong and it's going to start kind of pushing against that. Okay. Whether it's market dynamic, plumbing, dynamics, or technical, whatever, all that really matters though.

Is your point about the stocks forming, forming a base here? Yes. You would need to see, you'd want to see a transition Instructure. So if everything's making lower highs, lower Oslo, highs, lows, and then all of a sudden, you know, that Laura has lowers all of a sudden go sideways. That's a transition. Now that transition doesn't mean reversal, but it does mean that, Hey, we are, we were selling aggressively.

We no longer are. That is oftentimes, you know, the first kind of change in the system of saying like, Hey, the order flow has changed at least for this balance or rebalancing structure. And so this would be the first sign. Now, if we start to take out these highs and these highs, that's the second transition in place.

So the more transitions you have in place, the, the greater, the chance that a reversal, you know, is happening. And that could be because of dealer order flows, large institutional buyers coming in. It doesn't really matter, but those transitions, the more that they start to stack up, the more the evidence starts to shift to, Hey, we've hit a zone where it's just not going past it.

And now it's.

Um, a question from Shelley here in the, uh, in the chat, is it better to use one minute charts with options because that's what you've got up right now? No, um, it just depends on, um, what kind of trading you're doing if you're day trading options. Yeah. Woman in five minutes. Fantastic. Um, but if you're not day trading options, I generally don't recommend, um, you know, trading off the one minute chart.

It would depend upon what your holding times are. So if you're holding for, you know, one week, two week, three weeks out, the one minute is only gonna help you. If you're really trying to time the pricing of the options to perfection, you know, if you're really trying to find that optimal time to, okay, Hey look, I'm going to sell a calf secure boots.

The market's selling off. I need to time this as close to the bottom as possible because as this market sells off like this, those puts are going up in value. Once the market starts to transition sideways or go up, these puts start to go down in value. So if you're looking for the absolute best pricing and you're holding these options for a few days, maybe a week, okay, sure.

You can start to look at these lower timeframes, but if the pricing isn't so much of an issue, then you don't really need to look at the one minute chart. So it really depends on your holding times and how you're trying to work with. Does that make sense? It does. So the takeaway here is that, I mean, do you have a, do you have an actual trade for us in crash drag?

Or are you pointing, are you pointing this out more to say, Hey, here's a potential change in direction by art, but let's bring yourself into set up here. Yeah. We sold the cash for two 40 secure puts this morning. Oh, okay. Once we had this little bounce, we sold it. We tied, we gave it to our members right away, posted in our, a live trade channel and said, Hey, we're short.

Or we sold these right now, two 40 for the, this expire right now. They're actually slightly priced a little bit better right now. So if you felt like you could do that, I'd recommend it. Keep in mind when you sell cash secure boots, you do have to have a decent amount of margin depending on the price of the stock.

And, uh, you generally, you don't sell these unless one of two conditions is really in case in place one, you actually want to get long, the stock, wherever you're strike. We sold the two 40. I want to be long in 40. I'm totally comfortable being willing to 40, even if we close below it, I'm totally along with being comfortable at two 40.

The other situation would be, you don't think the more you think it's a low probability that the market's going to get below the strike that you're selling the cash secure puts. And you're really there just to collect the premium. If you're there to collect the premium and you think it's a low probability, then I would do it.

Just keep in mind, puts when they sell off, they gain in value faster than calls gain in value. So it's super important that you understand that, that if you're not willing to be long at that price, you're going to be a lot more sensitive to price changes, especially if that stock falls. Awesome. Awesome.

All right. So now we have the logic behind the trade and we have the actual trade itself. And then do we have a target? I mean, I guess two 40 would mean, uh, so I don't have a target. Did you say, did you say the exploration on these? I don't remember this Friday, this Friday, this Friday. So, and let me kind of, you know, dive into a little bit more of why I want to be long at two 40.

So if you look at two 40 let's, let's move this line up here to there's two 40. You can see this as a pretty rich zone of support. There's a lot of order flow here. And we haven't, since, you know, when is this? Since June of this year, we've only had one weekly close inside. This everything's been above it.

The market has rejected this kind of two 40 to two 30 zone since June. So I believe that we'll hold. And I like CrowdStrike as a type of stock that I would like to hold for a few months at a time. So this is what I would classify as a medium term swing trade. But instead of just putting a limit order to buy the stock, why not get paid to wait and see if we can get in at that same limit or that's why it's nice to get paid while, while waiting.

I mean, think of how many limit orders you placed on a stock over the years. And imagine if every single one of those, instead of just putting the limit order, you don't get paid or anything like that. Imagine if you had sold premium to get into that order every single time. Imagine if we collected one to $3 in premium, every single limit order that all adds up.

That's a great idea. That's a good idea. All right. We got about 12 minutes left here. Chris, what other stocks trays on your radar here? And then we can go to stuff from the IWM and then, uh, let's do chat. So, alright. I Nerium small caps had a very important structural breakout. It's been inside of this.

What is this range? This is a weekly it's been inside this range for quite a long time, you know, impressive run in February 21. That's when everything was just screaming and then everything pulled back and IWMS instead of kind of like the S and P 500 or the QS making kind of like some lower lows short term, they just kind of stuck it and held this corrective structure for a while.

So IWMS has been stuck between 2 30, 4 and two 11. You know, since February, this year, two weeks ago breaks out. And, you know, we had kind of told our members, look, it's not getting above 2 45 this week. It didn't, it's pull back since then. We like getting long IWMS, you know, between 2 34 and say two 30. So again, it's the same play.

I feel like instead of getting long options, you know, won gamma, which we could, you could trade, you could trade this either way. I'm going to sell the cash secured puts. Cause I want to be long IWMS between 2 34 and two 30. So I will be happy to sell them for the. Ideally, it closes below that it gets exercise I'm long and then I'll sell weekly premium.

The plan is to hold IWMS through the December OPEX, which is the 17th. The monthly OPEX is the 17th. And I believe that between, you know, the end of this week and December OPEX, we will get to 2 45, maybe even push past that. Now let's say you don't want to sell cashier puts, or maybe it's too much of a margin.

Fine. Then I would say, wait until we break this week low here, which is around 2 30, 6 and a half. If we do that, the calls will be really cheap. And so you could get long calls that for the December monthly OPEX, by the two 30 fours, you could do that, but you may have a little bit of time to gain, or you can buy a bull call spread.

That would mean getting long, the 2 34 calls here and selling the two 40 fives here. So I would think either you get long calls, if you just want to be long out where I calls or you sell the bull call spread, that would be my recommendation. I believe IWM comes back into the zone, holds his zone, and then it makes another attack up to 2 45 before the end of the year.

So that's the plan. Yeah, that, that big, that big old breakout keynote from two weeks ago, sorta changed everyone's perception here. Right? Cause we were just waiting. We were waiting and waiting and waiting for all the, almost the entire year for something to happen and then they, and then it happened, but now we're, now, now you're playing the pullback, which I guess is smart.

So it's to be expected, we kind of ran into some hedging. So this was kind of that same situation where dealers were in a situation where once we start getting into 2 45, they actually had to trade into the market. So the market's rising and they had to actually start selling as we got to 2 45 and we just couldn't get past it, you know, try and try boom, big sell off.

So, you know, 2 45 was really, you know, we told our members every single day, like it's not getting past 2 45, it's not getting past 2 45. There's just too much open interest. And there's too much kind of hedging requirements for them that they will start selling as we get into that. And so that's what's happened and this pullback has kind of been expected.

It's taken two weeks, which is fine with me. I think this is probably the last week of the pullback at best. We have one more week of a pullback. And then I think after that, we start to, you know, take off. I wouldn't be surprised to see IWMS take kind of a little, you know, another aggressive turn to the upside.

This is the monthly op ex this Friday. So the options board will reset. There's a decent amount of positive gamma and IWMS. Positive gamma is important because it means that the market is net long options. And so that means that the market is it's not only net long options. There are net long calls right now.

So the market's net long options. This pullback is definitely less aggressive than the buy-up, which means that the sellers don't have as much force as the buyers did on the way up. And so I think the buyers will step in and then make that attack there. All right. Should we go to the chat? AB are you awake?

I'm awake. I just checking on you, man. I don't know. You're awfully quiet over there. Um, we have some takers here from the chat I want to, I want to ask about, uh, and Duardo asked about snowflake. Like we talk about snow, like every single week on this shit I own in my longterm portfolio. Um, it's hard not to like snow right now.

It's just such a gangster stock. So let me take a look at the options flows on the gangster stocks you hear that I never heard of long. So we have a long-term investing service on and snow is one of our picks. And so it's, you know, it's performing incredibly well right now. All right. So snow, even though it's a pretty, I mean, it's an impressive stock.

You're talking. If it closes bullets this week, it's another seven weeks up, which is amazing. It does have earnings coming up. But with that being said, snow for such a big stock, actually doesn't have a whole lot of options, a decent amount of options. This is about 110,000 calls and there's 119,000 puts in the market.

I wouldn't have guessed the top. You know, there, there could be a lot of reasons, but you know, it, it doesn't quite have the same. How could I say it? It has a quite broad base attention. You know, this is a stock that's only come around alive about a year ago from today. So a year and two months ago. So it still hasn't hit the broad investment in community.

I'm willing to bet someone who doesn't like watch Benzinga regular doesn't trade actively. They probably don't know a whole lot about snowflakes. So it's not like a name that's really permeated. You ask somebody, who's like a Robin hood investor who doesn't like, look at the markets much. You got some on Amazon, Microsoft.

They know that you say snowflake, they'll be like, what? So it's not something that's really penetrated into everybody's minds. It's not, it's not a household name and it's not necessarily a software or product that everybody uses. You know, this is something that's for corporations, basically. So with that being said, snowflake has about 32% of the options rolling off this Friday.

And that's going to create a little bit of a headwind as we go forward. So. I don't really see snowflake because of that headwind because of all the options rolling off and we're heading into resistance. I don't see it getting past this resistance, you know, this week. I think we get a little bit of a pullback in that.

Where do I think there's going to be resistance? I think we start getting into strong resistance around 400, 404 0 5, 4 10. I think it at best it hits four 10, and then it pulls back this week. Where would I want to get long snow based upon option flows. We'll just take a look at something real quick

while Chris is doing that. Let's get that light counter up. Everyone let's get up to over 200. I think that's easily doable. So looking at, because it's not a heavy option stock, you generally don't have to worry about the entire week. Not you have to worry about the monthly expires the one week expirees don't have as much value unless we have an earnings, which we do coming up on the first year.

That's next Thursday. I think so. Yeah. So I'm looking nothing crazy on the December 3rd, expiring, nothing crazy on the 26. So let's look out to the December expiring. Yeah. I keep seeing solid open interests. 3 53 63 70, the strongest open interest right now for the December. Expiry is. And so I could see it pinning 404, 10, 4 20 by December OPEX.

But I think we get a little bit of a pullback. I would probably look at the monthly view operate here because that's where I see some decent strikes, three 70 there's some at 360 and then three 50 or some really good strikes. So I think this probably presses towards, you know, Tuesday, Wednesday, Thursday, Thursday, Friday, the options start to roll off.

This starts to get a little bit of a pullback. If we can get a pull back to three 70, I think it's a decent opportunity to get long. Yeah. I liked that area there. Oh, all right. So hope you're happy. Who asked about that? Uh, Eduardo. I hope you're happy. Okay. Um, I don't know if, if, if I can ask Chris, my GDPR, it's the high fly short squeeze back of the day.

I don't know if do we even have options. So we actually do. It's not gangster we have about, this is what I would call mild. In terms of options volume, you got about 200, 7,000 calls you only got about 50,000, puts anything below 500,000 is what I call mild flows above five, 500,000. You got about medium flows.

Once you're at a million, the data is really robust at that point with that being said, GPI. Okay. So. Prior to today, 250,000 options on GPI. How many options where trade today? 327,000. That is rare to see the single day option flows, outpace the total options in the universe. Prior to that day, we're at like 140, 150% of the total options in the universe.

So let's dive into the just happened today. Just happened today. I have so crumbles. Yeah. Now keep in mind. This is, this is not a stock with weekly options. So today, alone here, I'll just pull out the detached screen. So you guys can look through this real time. Let me show you. Okay. So here's your total options on the day 290,000 calls?

36,000 puts. That basically means that you're taking like nine out of 10 options are basically calls right now. And so where is the volume all concentrated right there. Now I haven't looked at what's. The price are now 1542. Yeah. It's struggling here. So prior to today I would have felt like it was good support at $10.

Yeah, it was good support at $10 and 21% of the options were rolling on. This Friday, but you add all these options. This is like 55. It's 80,000. Now we're at a hundred thousand, you got 125,000 calls that are expiring this Friday. And so if this doesn't rip further, then those calls are going to start to get monetized because they're going to start to lose state of decay in value pretty fast.

The 17 and a halfs are priced at a dollar five bid. They're going to lose 22 cents just by holding this overnight. So hold it overnight. Now that thing's worth 80 cents, roughly. So these long calls are going to start to get monetized pretty soon. And so what's, is there a question, if somebody wondering if it's going to hit a certain target, which the eight-year crazy stock of the day?

I don't know what they're asking and everyone's asking about this is, I don't know, guys, this is, this is a trade for today. Yeah. Let me take a look at, uh, let me put it up real quick. I don't know if CPI, like in four days, we're not, we're not going to remember what this stock was. So, um, no unlikely, unlikely, because you don't have a weekly OPEX.

And so you're talking, you're talking 140,000 of these 328,000 options are going to roll off the Friday and every day that this thing doesn't gain more ground. Like if it doesn't make it past the weekly high today, those calls are just going to close them out for whatever value they have. So I feel like.

Because it kind of goes past the data we have and we just stretched a bunch of calls. I would say your absolute top for the week based on this is 22 and a half. And I seriously doubt we're going to get that. I seriously doubt. We're going to get that. There's a lot of volume there, not much open interest, even that the twenties are kind of looking more like, Hey, this is about as far as it gets.

So and that's, and it's going to need a new push because if it doesn't option decay is going to be pretty fast. And a lot of those people that are watching calls are gonna be like, Hey, I want to be out with whatever I can capture. I don't want to hold this till Friday. Yeah, I think it's drugs. Alright, Chris, Capri, he run second sky's trading and go to second sky's forex.com it redirects to his site, or go to benzinga.com and I'll put the link up on the screen again.

benzinga.com/author/chris-capri and canvas Saturday. I will be teaching as well. I'll be teaching. I think the bootcamp. Yes. I think, I think I'm covering on trends. I think that's what we're going to be crafted look, but I think we'll be talking about. Benzinga bootcamp.com all day nine to five all day trading education, tactical analysis, a whole lot more.

Chris will be there. You'll be there. I'll be there. He'll be there. If we can drag him out of bed at that hour, Chris, have a good woman. We'll see you on Saturday. Have a good rest of your week. Good seeing you take care. All right. Talk soon, Chris. All right. AB you were disturbingly quiet today. I hope you're okay.

Oh, I'm great. Okay. I hope I hope your portfolio is it was okay. Doing well. Looking at some trades, trying to get, you know, get myself Turner red bay green. You know how it goes? Um, all right, Spencer, we've got moon or bus coming up right now. Our guys, Ryan McNamara and Logan Ross, we'll be taking you through the wild world of crypto.

Um, so without further ado, let's go ahead and wrap the show and get over to Mooner bus. Please smash the, like if you have not already, and as always shoot us an [email protected] with any feedback, questions, comments, concerns, et cetera. With that, we will leave y'all to the crypto guys and see you all tomorrow at noon Eastern.

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Episode Summary:

• Guess the chart!
• LAZR CFO Interview
• How Russ Davis made more than a million dollars on Shiba Inu

Guests:

Tim Quast, Founder/CEO, ModernIR and Market Structure Edge

Twitter: https://twitter.com/_timquast

Tom Fennimore, CFO, Luminar Technologies (LAZR)

Christian Fromhertz, Founder and CEO of Tribeca Trade Group

Twitter: https://www.twitter.com/cfromhertz

Shiba Inu Millionaire Russ Davis

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

. Before we get to our guests, that chart of the day, let's just go through some headlines. Um, let me pull up my Benzinga pro.

So you guys may have seen, but Metta, AKA, formerly known as Facebook is up more than 4% today, about 13 bucks. So let's check in on Facebook. See what news is driving the movement. Um, Spencer Metta hidden $400 in the next three months. Take it or leave it. Where does it at right now? It is at all believable.

Show me a chart. I'll pull up the chart right here for you. I thought the name change wasn't happening yet. Oh, it already happened. It did Mehta platforms maybe, but the ticker is still, Facebook is a, I think next week, changing to M B R S I believe. Can we, can you go to a new city real fast? When did they announce it?

When did they announce? Uh, yeah. Yeah. Was it like, it was like two weeks ago, right? It was awhile ago. I don't know if I'm able to find it on here. Yeah. I bet you, you will. If you just scroll and scroll back a few weeks, I bet you it's like, I think it was like middle of October, right? End of October. Yeah.

Metaverse here we come now. Keep going. Keep going. Well, you hear my feet right here. Why the Facebook name for it was like, it was like middle of the month. Here we go. Facebook rebrands is Metta. What investors need to know? Facebook will change its ticker on December 1st. Okay. So wait, what date would they use this though?

This is up. Keep keeps calling, keep calling. It's October 28th. Now, can we go back to the chart here, please? This is my point, October 28th was when they announced the name change as good as a daily or something? Yep. Okay. Can we find that on the chart? Here's October 28th right here. Oh, the bottle, this green candle, the bottom.

You're saying the bottom the day before. Yeah, the day before was the bottom. And then they changed the name. Interesting. Hmm. If only there had been someone to theorize, is this a buying opportunity because stocks tend to run up into, into stupid events for no reason. For example, the apple and the Tesla stock splits from last year.

I definitely 100% said that, uh, on clear market prep or at the close, or I don't know any other show, um, And Hey, I was right. Yeah. I mean, I think, I think a lot of people have been kind of, I'm not going to say duped by this, but they, they definitely is. Some investors are seeing Facebook a little differently now that it's us.

So wait, what was that low price right there? On the 28th? It was what it was on the 28th. It was 3 0 8 11. And we're we're we're up at 3 41 now 3 41 now. Yep. So it's more than 10%. $33 and in two weeks? Yup. Okay. Don't don't say, I don't say I didn't say anything cause I 100% say. Yeah, this could happen. Of course, I didn't do anything about it because I forgot.

Cause that's what I do. I say things. And then I forget, I say them, but Spencer, the chat doesn't look too happy with you today. Dude chat. Why Spence? Why I didn't kill SPACs I moved it. This is what I did. I didn't kill it. I think Jason is actually legitimately upset. Uh, thankfully he's not here right now because if he was here, it would be a whole different kind of day.

But, uh, he's at home. I think I actually, I don't even know where he is and I like it that way. So, uh, Jason is in, uh, California Palm Springs. Ooh, wait a minute. He's going to Palm Springs and he's and he's inside or I guess he doesn't have to be inside, but uh, and he's watching us from Palm Springs. How do you know that?

Um, look guys, we are always, I know. Everything's great. Wait, how does Martin know that? And I don't know that Martin. Who are you? Uh, are you Jason? Um, we're always making changes. We're always, um, doing something because you always did. It is not a good reason to keep doing it. Right. So we're always trying to improve.

Uh, that means trying new things and sometimes stopping things, doing things the way they are. Um, and that's okay. That's a sign of growth. We're in growth mode here at Benzinga right. The other news items today, we're looking at Tesla down 3.7% right now. So well off of its highs of last week, when it got to let's see about $1,239, I believe it was the all time high that we haven't Tesla's chart.

Um, so yeah, I mean, I don't know if this is still trading off. It seems like after Elon Musk announced he was selling, we, we discussed on this show, why exactly Elon Musk is selling. Why he, you know, can you zoom in more on the last couple of days, maybe go to like an intraday chart. I just want to, I want to look at yesterday specifically as you finished that thought four hour chart.

Yeah, that's good. Because if you're watching pre-market prep yesterday, you, you heard us or you saw us go is the question why, why that. Is Tesla trading higher after yesterday morning after it comes out of that, Ilan sold a bunch of shares. It didn't really make any sense at all. And low and behold here you are a day later.

We're right back where we were before. Yeah. We discussed it on this show that Ilan and his kind of slide genius way. Um, framed it as, as he was selling Tesla stocks so that he could pay his fair share of taxes, like out of the goodness of his heart, he wanted to, um, you know, do what everyone else has to do and pay taxes.

But. Who knows there were reports out there from, you know, a number of outlets saying essentially he had a big tax bill had to sell anyway. So regardless of what the outcome of that Twitter poll was, would be, um, there were a lot of people theorizing that Yvonne was going to sell anyway, or maybe he already had.

So I don't know. I think this is this, this will be an interesting chart to watch for the next week or so, because Tesla's always prone to run. Right. We could see another run up to 1200 next week. I would not be out here by and puts or anything, but the chart does look a little precarious that it could come back down to these $900 levels.

So I would just be watching this. I don't know if you guys are out there in the chat, let me know if you're trading Tesla and how, how you are trading it. Uh, maybe when Tim comes on, we can ask him for the sentiment on, on Tesla. Yeah. Tiny pie in the chat. Billionaires always act responsibly. They, you know, you got to give it to you on, right.

If I was a billionaire, I would definitely say. Way more time on Twitter than I currently do. And I spend a lot of time on Twitter. Um, your lawn pro perhaps spends too much time with Twitter for guy running three companies, but Hey, who am I to judge? Uh, guys, I came act move at a faster pace than the rest of us.

Someone was asking for the support line. It looks like right here, you know, kind of where we're at right now will be a, a big line in the sand because if we drop below here, um, it, we, we could drop even further, um, down to maybe this $968 level right here where we have previous support. Um, but I think if we do see a drop, a few more points that we could see it bounce from here.

So I would just keep your eye on this chart for the rest of the day. Like I said, let me know in the chat, how you are trading it. Um, yeah. Do you mean to tell, can you pull up a Bitcoin chart real fast? Yeah, of course Bitcoin or any Bitcoin related thing? I don't really care. Um, and I ask because I want to see what Bitcoin has done in the last hour.

Okay. I don't know, um, what the hell is going on. Try to refreshing. I don't know. Uh, the re and the reason I want to know what's going on in the last hour is because we got some news, um, but an hour and a half ago now, uh, that the sec has rejected VNX application for a spot Bitcoin ETF. If you're into these things, you know that we have two Bitcoin ETFs, they are both be both based on the Bitcoin futures.

And there are several applications out there. The leading one was Vanek for an actual ETF based on the spot price of Bitcoin, just like the GLD is based on the spot price of gold or the USO. Um, actually, no, not the USO, nevermind a bad example, but GLD, um, that our example, and that has been rejected. So we are not going to get from the moment in ETF.

That is 100%. Backed by the price of Bitcoin that being said, does the market care AB or not really? Um, I mean, we've got Bitcoin trading down about two and a half percent today. I'm trying to see it on more of an intraday chart. But, um, yeah, I mean, so we can see here in the last, what, when did that news come out around and a half ago.

Okay. So let's call it 11:00 AM. Um, oh, I thought he was gonna walk behind us.

Alright, thanks Luke. Sorry, what was your, what were you saying? I bit Bitcoin straighten down, but who's to say, that's why, I mean, I think, you know, there's always, there's always news. Bitcoin trades. Like anything else you've got technicals, you have news. It's harder to say with Bitcoin, um, when news affects the price versus stocks, because a lot of times news will come out on a certain stock and you can see that movement right away.

I think Bitcoin was already showing some weakness here in the chart before that news came out. So again, it's very hard to say exactly why, um, Bitcoin is trading lower today, but we did see Bitcoin hit new all time highs earlier in the week when the CPI data came out. And even then that day after it hit new all-time highs, it ended up trading lower on that 24 hour period.

So, um, again, in the chat, throw me out a one. If you, if you're in Bitcoin right now, throw me a two. If you're on the sideline, um, throw me a three. If you are selling any crypto that you were holding right now, Spencer, what are you, what are you doing in crypto right now? Wishing wishing a. But the devil, you know, in all seriousness, w like with regards to crypto Bitcoin and Ethereum hell, um, I am seriously considering, like, I, like, I do like dollar cost averaging, right.

For like the, the, the long-term stuff, right. Their retirement accounts and all that. I'm actually seriously considering putting all that on pause, um, for the foreseeable future and just dollar cost averaging into crypto instead. Right. I like my, my allocation is like 98% stocks. Um, so I'm, and it's, it's, it's, you know, it's the end of the year, it's the, you know, the time to, to, to, to think about these kinds of things, and I'm seriously considering, um, just not contributing to certain retirement accounts next year, and just putting all that money in Bitcoin and Ethereum, Ethereum, ether, Bitcoin, and ether it happy.

Um, I'd be, I'd be very curious to get the chat thoughts on that. Uh, would you stop contributing to, like, I only have, you know, I only have so much money coming in. Right. You have to allocate that we all have to allocate what we have. Um, would you stop, would you, uh, stop contributing to, uh, stocks and retirement accounts and do crypto instead, or would you do something different?

Uh, but that's, that's my, that's my plan for next year. I honest to God I'm going to not contribute to my retirement accounts and do that. Do the Crip, just add more Bitcoin and ether. Beautiful. That's my, um, that's my honest to God plan. All right. There, you have it, Spencer himself. Yeah. I mean, I, cause I, I, I bought Bitcoin at one time.

I bought Ethereum one time. I've got like $5,000 of, of like exposure here. You know what I mean? Like let's nothing. So. Uh, oh, and I also have a Solano. I don't know how much I have in that. I don't, I don't even remember. Um, so the last news out of my wanting to get to, before we get to our chart, our guests, the chart of the day.

So I've been watching the China trade for the past couple of days. Um, Baba trading down about 1% today. But what's interesting to me about this is if you pull up JDS chart, J D is up two and a half percent. So J D is showing a lot of relative strength against Baba and other Chinese names right now. But the JD chart looks very strong to me.

It looks like we could be due for a nice little breakout, I think right here, we're at a point where if we can break through this $87 level, that's acted as resistance. Um, then we could really see J D run for the rest of the day and into next week. I would definitely add this stock to your watch list right now, if you haven't already, and then you can also look at Baba as, Hey, maybe this is going to, you know, gotta catch up to JD, uh, if all their Chinese names of showing strength.

So I'm not in Baba right now. I do have an open call on J D. So, uh, that's been doing well for me up about 35% right now, but I'm looking to hold it through the rest of this afternoon, at least in case we get that breakout that I'm, uh, that I'm looking for. Um, so yeah, let me know in the chat, if you're looking at JD Baba, any other Chinese names or really any names in, in general, because can you pull up the K wave?

There's a certain, certain viewer prereq or prep, uh, that asked me about K-pop because I sold it too much to my own chagrin, uh, a few months ago, when, when shit hit the. And it keeps asking if I'm going to buy back in, stand with a good comment, staying with the underwriter comment of the day, uh, with regards to the, my Bitcoin, uh, conundrum here.

Um, why, why don't I just create, go to Bitcoin IRA or I trust capital or any of these firms and just create a Roth IRA with, with Bitcoin? I didn't know. You could do that. Yeah, you can stand, stay knows. I know. We know we've been on. They've been on our conference, we know. Um, but to your point, Spencer K Webb's chart looks pretty good right now.

I, I like the fact that, uh, you know, if you were a viewer of get technical, you know, you, you know, we like to look for these sustained bottoms where a chart's been beaten down, but it hangs out in a rain showing that it has support down here. And then once you see some, some strength coming back up on the upside, you can easily set your price target to back up here at $70 currently at 51.

Um, so this is, these are daily candles. If we zoom in, we can see we've had 1, 2, 3, 4, 5 green candles in a row here. So it definitely looks like we're getting a little bit of a reversal here again. There, there will be. On the way up that will act as resistance to watch out for right here at around $54.

Um, yeah, $54 50 cents at that'd be a resistance level to watch, but you know, we get through these, I think we can easily run back up to $60 and then even 70. So I'm adding this, uh, I'm adding Kay to my watch list right now, Spencer. Thanks for pointing it out. Okay. Okay. Yeah. I mean, I still have no interest from a fundamental point of view.

Um, but I guess call me, call me if it gets to 60. All right. And then maybe I'll be interested. I don't know. I have no idea. Um, I didn't want to sell this. I feel like my hand was forced, right? I, this was like a long-term holding of mine. I had this thing for like three or four years, which, you know, I'm 30 years old.

I've been investing for like less than a decade, three or four years is a long time. Someone in the chat talking about M micron. Uh, that chart looks very strong too. You know, we're at $77 77 50 right now. It looks like the next spot of resistance will be about 81. So, uh, keep your eyes on micron. I think micron trades with the rest of the crypto stocks, right?

Not really. Not really. Not really. Name's Mike Brown. I made a trades with the trades, with the chips trades with Nvidia trades with Hamdi. Oh, there you go. Yeah. Um, all right. Uh, I dunno where Tim is. I shot him an email. Uh, I hope he can join us today. Uh, pretty sure he'll find he'll find us at some point, but you want to do our guests, that shirt let's do it.

Sponsor. Who was it yesterday that suggested we get rid of a, the price axis. Was that shit? Was that a Christian calendar? Maybe? No, it wasn't Christian. I forgot it. I don't think there, whoever was, I don't think they're here right now, but if whoever suggested that we w we took that into account, so I'm gonna bring up a chart right now.

And I got rid of the price axis as someone's suggestion. Apparently, uh, the last two days were too easy yesterday. We did, we did PayPal the day before we did D whack, and those are way too easy. So, um, this chart. And gonna bring up on the screen here. We have no price access I zoomed in. So you couldn't see it.

Um, I think this is way too hard personally, without the price axis, but here we are. We'll see if someone it, well, I feel like you'll need some hands. This is like, what would be difficult? I I'm, I'm going to give some hints here because, uh, um, I just, okay. Hey, number one, this is a retail play, but like a retailer.

So like for example, not, not snow, right? This is a retail play. That's hit number one, number two. Um, the company reported earnings, um, this, this cycle, and it was like the best quarter in their history that, um,

Oh, that's funny. Um, okay. See, okay, now, now we're getting, we're getting close to now. We're getting closer. We're not, we're not quite there yet. I'm seeing Walmart. I'm seeing, uh, uh, Macy's Meli. Not a bad, I don't actually know what they're talking about. It looks like Martin, but that's not a bad guess. Um, Costco shop.

Okay. Bed bath. Nope, not quite. Um, this is a, it's a retailer buddy, but I, yeah, I didn't say as retailers. So retail play through retail plates, not a retailer to retail play. It's more of a, um, accessory, uh, pat not, not, it's not a peril. Is it apparel? Apparel? Is it apparel? I'm not quite sure. How, how would you classify?

Oh, well, oh, well what do we have here? We have ourselves in one. Sand Viper. Got it. Crocs, take your C R O X. How do I zoom out? There we go. Cracks one of the best performing stocks over the last five, 10 years. Um, like you said, Spencer reported just blow out earnings. Uh, shout out sand Viper, 1, 4, 5 in the chat Sanjeev.

Got it right after, but sand Viper was our first one. Sand Viper, email [email protected]. Put it up on the screen. Yeah. Or in the chat or something? I am. All right. All right. All right. And you will get a free piece of swag for being today's chart guests. The chart winner. Shelley wants one more. Wait, this is, this is the consequence of your actions.

I think we can do one more for Friday. Uh, yeah, but let Spencer and I, we have to think about it for a second, but I have to take it off the screen then because we have to like find some, some cool. You guys want to do one more? I mean, it's Friday. Like w what the hell? All right. We do have our next guest coming up or our first case, I should say, um, Tom, uh, Tom Fenimore will be on in what?

20 minutes or so? 12, 14, 15 minutes, right? It's two it's it's at 1245 and it's 1230 right now. So we can do one more. Yeah, that's a good idea. I had a cyclist, but we're not going to do one more. We're not going to do one more unless we get a certain number of likes. And right now we are at 30, 32 likes.

We will do another chart. Another guest, that chart, if we get to 100 likes, if we get to a hundred, we'll do another one. If we don't, we won't. And now we wait. Maybe, and we sit here. Nice.

Just in case, I'm going to find one just in case

I'm taking suggestions for our potential second chart of the day.

What about this one? That's not bad. That's not bad. That's not bad. I'm going to go with that one. If we get there, if we got there, how many do we need? We need to get to a hundred red, 57. So we're not really close. At some point, we got to draw the line with you. It's somebody. We got to say, okay, no more.

Let's give her like a minute or two

Brian blockchain. I completely agree. I'm actually here. What is. I'll be honest with you, Brian. I shot him an email. Should I text him right now? Like Tim, where you at? Man Martin, shout out Martin. He gave three likes. If you're like Martin and you have multiple YouTube or Google accounts, get in there at night.

I don't know if I support that, that that's voter fraud. Get into your parents' Gmail, YouTube account. Make one for your grandparents. Make one for yourself. If you guys aren't boomers like Spencer, then go ahead. And dude, that's that's voter fraud. So everyone does voter fraud. Oh, I don't. I voted three times in the last election.

Geez. All right.

Um, Christians can't even do that. It's funny. Okay. Wait, kids keeping an eye. I'm texting Tim right now. We're at a we're at 60. So we ain't going to get there. Um, I'm going to pull up another chart real quick. I have one. No, not one of those. I'm just showing. I'm just showing you. This is Sean peeps. All right.

Roadblocks roadblocks has been trading kind of crazily the past few days up 5% down, 5% up right now, 8.8%. So we're bout to, it looks like it's going to run into this previous, all time high of 1 0 9 97. Um, I don't know. I mean, I'm not trying to squeeze out any trade for a few bucks up to 1 0 9, but once we hit that level, uh we're we're either going to see it breakthrough.

And then I think, you know, there'll be some, some move on the ups. Who knows what the price target, maybe someone out there that can do that, the fibrillar trace mint can tell me what it would be if we break a retracement or if we hit that 1 0 9 level and start coming back down, then I might start looking at some short dated puts or something just cause I, I do, I like this stock long term.

Um, but you know, it's moved a lot. I believe after the earnings went up about 30% traded off. Those highs is now coming back up so we could see a little double top formation if it starts coming down off that 1 0 9 level. But if we break through then I don't know, Spencer, I'll just throw something out there.

1 15, 1 20. How many YOLOs can you do at one time? Can I, yeah, I can do them quite a bit. It depends on the PDT rule it. Yeah. I went to Ben on that right now. I, um, let's see. W okay. Sanjeev asked about, uh, about Snapchat, Sanjeev. I, I screwed that one up because, um, I wanted to buy it and I got too cute with my order.

I think you still got, I mean, look at this chart spend. So this is a daily chart. Look, you still, you still got it down here. It's not like, I don't remember if my order is good till canceled or not. Well, maybe that'd be something. Maybe that'd be something to check out. But, but I, I think as long as we see some strength down here, maybe two green candles in a row, then we can see Snapchat start trying to fill this gap.

Um, come back up to the $70 level currently at $53. I just, it seems like it's going to be trading sideways for a minute. So I would wait. I'm all on a snap swing plate. So you see some more strength coming up on the upside. We'd like to have that strength identified. We like to have the trend as your friend at the back.

Um, so let me know in the chat, how y'all are playing Snapchat if you guys are looking at it? Uh, yeah, I've got my order out of 52. Uh, so I'd like live George Sanjeev. I wanted to buy it and I didn't, but I wish I had. Anyway. Okay. I think what we'll do is we'll probably just keep the, the chart of the day, like con counter thing going for just the rest of the show.

If we get 200 likes in the next hour and a half, we will do a guest that chart another one. But if we don't, we won't, that's simple. We have 10 minutes to our first guest anyway. So

that's it. The de I'm liking the music, Ron. Thank you. You're welcome

up a ball. What else, uh, Christian asked about, or he may ask, you just mentioned PayPal. I didn't everyday with PayPal. There, there were a few stocks that we get asked about all the time. Right? We get asked about PayPal. Um, I feel really bad. There was someone in pre-market prep that asks us about Paysafe PSFA every single day.

Can you pull up the chart? Hey, is this P S F E I got every. They ask about the stock and like, I don't know what to tell them. You know what I mean? I mean, that speaks for itself. Is that an all time low? I don't know. Why am I so soon again, guys? What is, what is going on here? Doing.

What is going on it's because it's Friday or just messing around. Oh, that's up there. All right. We need to utilize it over the overhead camera more. Um, for next week, we're going to have some, some more games. We're going to be doing some, um, some, some shooting hoops. We're going to be doing some, uh, some dark board throwing.

It's going to be a more, well, a little more interactive of a show. And then we, uh, Evan doing, and also we're going to, we're going to get a B out of the office. We're going to have them go outside. And do some man on the street type stuff, correct? Yeah. I'm saying it now. I'm saying, dude, why I'm saying it now

we have a respected executives coming on the show in 10 minutes. I just want to remind, I wonder about that, but I'm, I'm saying it now, so you all can hold us accountable. Okay. If we do not do a segment with Aaron Bree, where he is live on this show from somewhere else, that is not this desk. Then you can yell at us.

Exactly. Shelly, exactly. Awkwardly harassing people of Detroit. Can we get razon on no Sanjeev? It's going to be a hard, no on Raz today. I don't want to get yelled at Clinton. It's in eight minutes. Eight minutes, content Hoda. We'll have a Tom Fenimore on the show. So yeah, w it's a bit of a off scripts show today.

Oh, well that was the brakes. So we're going to have Tom Fenimore at 1245, uh, after Tom will have, uh, Christian from Hertz from Tribeca Tredegar, but one o'clock, uh, the guy is a professional trader. Um, he's a beast, honestly, the guy is just a monster. Uh, he's really, really, really good at what he does. So, uh, we can a few charts with Christian at one.

I want to thirties Shiba, Inu Ross. If you have any millionaire, uh, that'll be a nice way to wrap up the show. I think we'll talk about what he's doing with that money. Coca Cola, making new all time highs, checking on that Kao is the ticker. Yeah. Can I tell you the Madison story? So my very first week at Benzinga or no, not my very first week as their producer pre-market prep.

This is like my way we got some fake news in the chat. I'm seeing the all time high up here at, I don't even know where I want to tell you a quick story. So my very first week previous from pre-market prep, it was I'd been in Benzinga for like, I don't know, two months at that point. Um, and I didn't know anything about anything and yet they here, they put me in charge of this, of this show for some reason.

And it was like my second or third day as a producer of Chiraq Primerica prep. And, um, I saw that news on ticker or C O K Coke. Right. D do you know that one on, what did you know? Coke? See? Okay. Yeah. It's like the Coca-Cola whole, it's like the bottle of the bottling company. Yeah. Right. Exactly. Was a bottling company.

And, um, I thought that was Coke. Oh, Coke is making new all-time highs. The bottling company C okay. Yeah. Oh, that's what, um, someone in the chat was. I thought that I thought, see, okay, was Coca-Cola the drink, but it's not. And I was very embarrassing. I said on the show and Joel and Dennis was like, no, no, no different companies.

It's kind of cool. I like whatever's going on. Yeah. I'm feeling that too. Um, so that was embarrassing. And then another time I confuse GM and GE, that was also embarrassing. That's actually a good segment idea. Sorry, go ahead. Where in the world is Raz? We just have razz joined from his cell phone when I was in Palm Springs, by the way.

But, um, what Palm Springs never say? Oh, the Andy Samberg one. Yeah, yeah. Yeah. I have a bunch of those stories of me, of my early days. You're just like, not knowing anything. Isn't confusing stocks. Um, Gavin, uh, we see, just to clarify, Gavin hunter was ticker, C O K E or ticker. K O one of your first investments because it is confusing.

Isn't it? There's two companies. One of them is the ticket with Coke and that's not Coca-Cola. It makes no sense. I feel like we should also take submissions for Johnson Johnson. If you didn't hear the news or split on the company up into two, who else? There was another company outside of a GE that was talking about splitting, I think, um, Toshiba.

Yeah.

Someone's asking about CCL. Um, let's see, I got the chart pulled up carnival. I mean, I don't know. I don't, I I'm kind of up in the air. I don't know what to think about. You know, last year around holiday times we had a COVID spike from everyone gathering with family and moving into. Um, in the winter, I don't think we'll see as big of a spike this year, obviously with more vaccines out.

But if we do see any little uptick in COVID cases in certain states, and I think some of these cruise lines will get hit particularly. So I don't know, I'm kind of on the, I'm kind of on the sideline right now and all these cruise trades, but interestingly, the cruise line stocks are, are some of the only stocks that have not made up their ground from, from where they were at pre COVID.

If you look at pre COVID carnival was at about 53 or $43, excuse me, currently at 22. So you can, you can definitely make the argument that there's still value there that eventually the cruise lines will be back to normal, back to business as usual. Um, but I just think there's definitely a play here. I think there are sexier investments out there to make right now, perhaps if you've ever been on a carnival cruise.

I've been on one cruise in my life and it was in Alaska. And one, we took off from Seattle. And you go with your grandparents? Yeah, my grandma, my grandma's 70th birthday, I believe. Um, I was, it was okay. I've never been on a corner. Alaska was amazing. I mean, if, if, if anyone has the opportunity to go to Alaska and see some of the, uh, you know, nature and everything, that's up there.

It's incredible. I, I strongly recommend it, but being on the cruise ship and it just, well, I actually, I mean, I was like 12, so it was falling like running around. You have the buffet. Uh, that was probably the best part. Spencer was, every meal was a buffet. I just, all you can eat. Um, is carnival cruise lines?

The, the, the carnival cruises. I don't know. I'm trying to remember what it was like the chaos, like what, what cruise line we were on because it wasn't like a Disney cruise or anything like that. It was just like, uh, maybe Norwegian carnivals for like college people when they young families. Right. I'm pretty sure.

I think it was a Royal Caribbean. Oh, Royal crew. I've been on a few of those. These are a few cruises. Yeah. What do you think about cruises? Oh, I love cruises. I've been weirdly enough wanting to go on a cruise. Is it the buffet part that you like? I mean, that's one thing that I like, I'm not, I don't not like it, but it's not the only thing that I like.

Um, I just, I like cruises. I've been on. I've been lucky enough to go on three. Um, they've all been, were Caribbean. I liked them. I weirdly enough. I've had a hankering for one in the last six months maybe. Cause we were all cooped up for a year.

Wait, everyone's talking about self-driving. The master of stocks, are we the same person? He said he did an Alaskan cruise and he was 12 as well. So yeah, that's my one, my one experience on a, on a cruise, you know, being 12 years old, running around the boat. Well, one of the highlights was we snuck in my cousin and I, we were about 12 years old snuck into the, uh, like they had a comedian there doing entertainment and it was supposed to be like 18 plus adult only.

And it was very, uh, we were like 12 and it was like very vulgar. And we were just cracking up the whole time because all these jokes were like adult jokes and we thought it was hilarious. And, uh, yeah, good time. Um, I actually almost died on the first cruise I ever went on. I was 15 and got into a fight with someone on the shuffleboard court.

No close though. Um, I, I have a pretty severe allergy to nuts, all kinds of nuts. Right? Peanuts, walnuts, almonds, all of them. And I had a cookie. It's always a cookie. I had a cookie that was misleading. At the buffet, speaking of buffets. Yeah. And, um, I ended up spending an entire day of the cruise in the like sick bay area.

It was so pretty. And we're like in the middle of like the ocean right in the middle of nowhere. And I, it was actually a pretty serious reaction. I spend the entire day in that, um, infirmary area. Um, and it was not good. Um, I'm sure they had to have an epi pen somewhere on that. I was getting pumped up like IVs and everything, but the silver lining of all that, the best part was I ended up like waking up the next day at like four or five in the morning or something.

And I got to watch the sunrise from the front of the ship in the Caribbean. And it was like one of the best things ever. Um, but that was a pretty rough day. So what about that? Everyone's talking about self-driving cars. Oh, that's a good segue. Yeah. That's a great segue. Isn't it? Well, yeah, I was going to say maybe there's this self-driving cruise ship play out there.

No. Well, well maybe here, you know, we can ask our next guest, uh, is, um, is carnival Royal Caribbean, or all these crews on who is interested in LIDAR technology? Does LIDAR technology work underwater? I don't even know. We're about to find out. Let's get Tom Fenimore, the CFO of Luminar on this.

Hello, Mr. Fenimore, how are we doing? I'm doing great guys. I was listening into the last segment here. It almost makes me want to go book a cruise here. Um, and a, can I answer your question? Why do our work under water? Is that, is that just sonar? I'm going to have to text our BD guys and just say, Hey, what are we doing on the, on the, uh, you know, in the whole cruise sector, it seems to be a potential.

Any, any, any deals closed in that sector? You can send some commission our way. Well, look, if you guys didn't want to join the team here and lead the charge in that segment, I'm sure we can make it. Awesome. So first off, Tom congrats. Uh, a good quarter yesterday, I was watching, uh, your CEO on CMEC yesterday and he, and he made a comment and I want, uh, Austin Russell.

And I thought it was very interesting. He said, uh, at the start of the year y'all, um, outlined five key milestones for the business, right. That would grow the business. Um, can you, can you explain a little bit maybe what those milestones were? He said, he said, you guys are crushing all of them. Sure. And I'll walk you through the five milestones.

And while we did this, because this is a little unique for a public company. We're not entering series production until the end of next year. And so while financial statements and quarterly financial results for a company are always very important. What we're focused on here at Luminar is more the medium and longer term, um, shareholder value creation, as always like to say, uh, my largest shareholder owns 30% of the company is 26 years old.

And so, you know, we're very, long-term focused here. And so then if you're not kind of focused on your financial results, what is the scorecard, uh, that we should use to judge you by it? Um, and, and I, you know, we have five milestones. Uh, two of them are related to industrialization, uh, or getting our products ready, uh, for series production and real revenue sales to our customers.

Uh, two of them are related to getting the wins in place, uh, and growing, um, uh, you know, the revenue that we expect because in the automotive industry, It takes, it typically takes you some time to actually win a series production contract. And then after you win that, it typically takes two to three years to launch it.

And so, um, you have to win, uh, things today in order to start giving revenue in 23 and 24. And then the last one is making sure that we're doing this in a disciplined spend manner, uh, in that we're, uh, you know, not spending like drunken sailors and being very disciplined with our shareholders' cash. Um, so the first one, the first milestone relates to getting our Iris actual LIDAR sensor ready.

And in, in the ultimate goal is to get to start a production for series production in the end of next year. And then the auto industry, uh, there's really four stages, uh, as you kind of get through the development, there's your 80 samples safe. See samples, and then you guys that the D samples, uh, and we're now, uh, you know, we kind of started the year entering the B sample phase.

We want to end the year entering the C sample phase. Uh, and we're now doing that in order to get to the sea samples. Uh, we have to have the tooling in place that is going to be actually producing these parts, which we have, we have to have our manufacturing design and our sensor design in place to do that, which, uh, we do.

And, um, you know, we need to have kind of our, our manufacturing partners select it, which is Celeste tikka. Um, and so, uh, we're now entering the sea sample phase. Um, we kind of said we want to get there by the end of the year. Uh, and that's, and that's a goal that I think we're imminently about to achieve and, and pretty confident we'll be there by the end of the year.

The second one is on our software side and to have an alpha version. Of our Sentinel product suite, ready to go. Um, we've now developed alpha. Uh, we've been showing off some of that functionality at some of the shows we've been at recently. And then in CES and early January spoiler alert, there's going to be more, uh, to show, uh, there in we're going to be showing even more functionality of Sentinel as well.

The next two is winning the business, uh, major commercial wins, and these are kind of like big, major victories. We said, initially back earlier this year we'd get three or less during calls. We doubled that to six and we just achieved. Uh, our fifth and six ones, uh, with those being Pollstar and Nvidia. So we kinda hit that increased goal.

Uh, I don't think we're done winning yet for the year. You know, we haven't told the BD team to go home and, you know, take, uh, the rest of the November, December off, uh, brake, uh, commercial momentum on our side. And then how does that kind of all manifest itself in, in kind of, uh, what, what what's revenue expect from those wins?

And from our perspective, um, we kind of ended 2020, uh, with a forward-looking order book. You know, the expected revenue over the lifetime of the business. We want at 1.3 billion at the beginning of the year, our goal was to grow that 40% this year. We then increased that to 60%. Uh, we'll do a final tally on December 31st with where we stand.

But, um, I'm pretty confident based upon the momentum we have so far that we're going to kind of exceed that target. And then the fifth one is to end the year with more cash than we began at. We ended with 545 million. We begin near with porn 86. Well, on track for that. So the team's been doing an amazing job.

We're very proud of them. Look, maybe, maybe we need to set the targets a, a little bit higher next year, just given the, how, how well the team is executed. Um, but very proud of the luminaire, our team here. You mentioned the Nvidia deal. Got to ask about that because that was the catalyst last week for you guys, you were selected for the video drive hyperemia on autonomous vehicle reference platform.

Explain a little bit more about the, that that deal. What does it mean for women are? Yeah, and I, well, and I know that there's been a lot of noise out there because there's been a few other companies that have put out press releases with Nvidia and that how, you know, their sensor or whatever whatever's being incorporated.

Here's why we're different. Here's why this is a big deal, which is we are now selected by Nvidia as their reference platform for the Hyperion drive system. And that's going to be ready to go in 2024 for production vehicles in according to Nvidia. So when Nvidia goes to an OEM and says, here's, NVIDIA's Hyperion autonomous drive platform, here's the sensor configuration.

Here's this, here's the software that we built it upon. There's one light or company that is on that. You know, there there's a few camera radars, others, but there's one lighter company and that's us. And so they're going to OEMs with their autonomous platform and autonomous system and our lighters on it.

And the recommending that this is the sensor configuration, including us, that these OEMs should use if they want to use invidious, autonomous, uh, Hyperion. So. So Tom, what are the challenges of, you know, being in charge of the financials, that company, when so much revenue and stuff is expected down the line.

Um, but may not be there right now. Yeah. And look, this is, you know, going back to what I said earlier about the automotive industry is we have these, you know, we have several contracts, one. Um, you know, generally the SLPs are starting around the end of next year to call at the end of 2024. And so we need to put in place all this investment, the engineering, the R and D building out the manufacturing, uh, system and capital equipment for that building out supply chains.

We got to make all that investment years in advance of when you're expecting to get that revenue. And so, you know, as the CFO, I have to balance making sure we're making those necessary investments so that we can execute flawlessly for our customers and, and get to where we want to get to, um, with making sure that we're not overspending being very disciplined.

And at the same time, um, we want to kind of maintain that entre entrepreneurial spirit of the tech startup that has kind of been at the legacy of. We don't want to build, you know, a bureaucracy, a lot of fat into the system. And so we need to find that right balance, you know, sometime I need to be the bad guy internally in terms of saying no to certain spending and everything.

Um, but look, we've, we've made a lot of investment this year. Um, you know, you can kind of see the investments we made in our financials. Um, you know, we've, we've brought on almost 300 people this year between full-time employees and consultants to help us grow. And so we just need to find that right balance that we have.

All right. We have been using the, we work for our viewers and there's a question here in the chat, and that is a very loaded question. Uh, and I'm going to ask it and cow and Cal is asking about the comparison of the th the, the technology between LIDAR LIDAR and what Tesla is doing. Right. So I'll just bring the question up on the screen here right now.

Uh, how does LIDAR compare to the camera's that Tesla uses in terms of costs? Uh, in terms of, uh, bulky LIDAR on vehicles, women are concentrate on commercial use is LIDAR capable of full self-drive. Like I said, big question a lot there, a lot of back and forth, um, uh, going back years with regards to this question, um, I'll just throw it to you, Tom.

Yeah, well, it's, um, I think the essence of this question is Tesla is trying to make full Strout self-driving work with cameras only. And Ilan has been very public saying, you know, LIDAR is a fool's errand, or what have you, um, So a few replies to that. Number one is, uh, that's the only OEM that has made that, uh, that public stands.

Every other OEM, uh, is using LIDAR to where they get to, uh, to where they want to get to be. And we're when we're talking to these OEMs, a lot of them want to leapfrog Tesla from a technology perspective. Um, they're finding challenging to do from an, from a purely B perspective, but from a Navy perspective, uh, there's been a lot of challenges that Tesla has faced the scrutiny, uh, from the industry and the regulators has increased.

Uh, and so using LIDAR and using our package is a way for them to leap frog from their perspective. Uh, number two is we believe that there are a lot of parent limitations in camera and you're ultimately not gonna be. Camera is ultimately a 2d image technology. So if you see that part in my background there, you can't tell from the zoom call, how far it is away.

You can take a bunch of pictures, you know, do a lot of computational work and estimate it. But at the end of the day, it's just an estimate and you're never going to have a ground truth. Understanding of how far all the objects in your field of Urry great thing about a laser. You can, if I had a laser pointer there or, you know, I could use it and tell me precisely how far away that part is.

That is what LIDAR enabled. It gives you a real 3d GroundTruth understanding of the environment in front of you. And ultimately you're going to need that data in order to get to the significant improvements relative to human driver that are necessary in order to enable safe. Um, in terms of like, uh, you know, we, we kind of see all these ugly lidars, you know, I've heard things from the spinning KFC buckets to Lego cards.

Uh, I don't have any pictures here in front of me. I encourage you to go to our website. You can kind of see some of the sleek designs, uh, that Volvo and some of our other car makers have done to kind of put it into the roof. Uh, and, uh, you know, ultimately we want to make that look, which we think looks leak in my opinion, kind of cool.

Kind of like a badge of honor, uh, individual display that this car was. And I just pulled the long-term on the screen. I think it's a it's it's not controversial to say Tom, that investors got way too excited, too quickly, you know, uh, early on. Uh, but that being said, if you look at the far right hand, you can see that spike from last week.

It's so it's, it's not as different to guys what has gone away because this stock is liable to do wild things on, on an Nvidia headline, for example. Right. So, um, I, but is that your take as well as like, you know, it's still early days and, and everyone needs to kind of slow a bit roll. Yeah. Look, we're focused here.

As I mentioned earlier on the long-term value creation, um, it's kind of human nature to look at the, uh, short-term fluctuations in your stock prices. Here. We have a bright future here at Luminar. Um, executing successfully on our plan is going to drive significant shareholder value creation. Whether you bought this stock at 10.

When we did our IPO, whether you bought it at, you know, 1920 bucks, wherever it is today, whether you bought it at, you know, $40 in change, which is our 52 week high executing on what we have in front of us is going to create a long, a lot of long-term shareholder value here. That's what we're focused on.

We have the money plus a cushion to do that. We have the team, um, and you know, the level of talent we've been attracting to do that as well. Uh, and so, you know, you try to ignore the short-term volatility, focus on the long-term opportunities. Very confident in that, a couple of good ones here from the chat.

We'll get to you quickly. Tony Jordan's asked me to go one. If, if your in the Nvidia, uh, suite that is being sold to OEMs and you are also selling to OEMs, are you aren't you competing against yourself? Um, We kind of look, you know, it's a good question. Uh, you know, we're working with Nvidia, they're designing us in there.

We've announced the deal previously with Mobileye. Who's incorporating our lighter into that. We've announced deals in the past with Volvo and SAC that are incorporating our LIDAR into it. And so we want to maximize the, um, systems that we're on because that's going to maximize the chances of us winning the business so that it becomes a hedge.

We win tails, we win, uh, type of scenario. And so we want to align ourselves with the industry leader. Um, that's just going to maximize not only the chances of our LIDAR being on the vehicle and, you know, hopefully our software too, but also that's just going to give us the, uh, significant competitive advantage.

Uh, not only from the revenue we collect and the economies of scale we get, but also getting access to. You know, all that data in real time experience to allow us to continually, uh, of our pro. All right, now, the questions are coming in. We don't have that much time though. Dave, Fry's asking a good one, uh, as to why, uh, yesterday, uh, when I asked, um, you guys excluded Japan and Korea as your area of focus, that you're focusing on China, Europe and north America, specifically, um, Asians that are China, um, because look, it's, uh, uh, China is the biggest market over there.

Uh, but we also see ample opportunities, uh, in Korea and Japan. Um, we actually, uh, have a couple people. We hired to go, uh, lead our Japan effort. And as soon as, uh, the COVID laws allow them to go there in the country, there'll be there. Um, and you know, we, we see some opportunities in Korea. Okay. All right.

Uh, we even on the line with Tom Fenimore, he's the CFO of Luminari technologies, ticker L a Z R. Got a bunch of good one questions from the chat. Um, Tom, thanks so much for joining us today on mincing alive and, uh, again, a good quarter and, uh, congrats on that. And we'll be in touch and following the company going forward.

Have a good one. Appreciate it. All right. Uh, okay. Uh, Shelly prompts a Shelly for me, reminding me that I did say that Luke Jacoby would be on the show to the academy, made an appearance. And I sort of in my, it w it was on the calendar. It was on the calendar. Uh, Shelly, Luke is here, but he is on the phone right now.

He's always on the phone. That's his problem. He's literally on the phone all day. So I don't know if we'll be able to get Luke Jacoby on the show. If I can, I can. I would do my best. I can see him. I literally see him across the office. He's on the phone right now. Um, so I'm working on it, Shelly, I'm working on it, but that doesn't mean we don't have all the other guests.

Cause we got two more guests joining that are actually here and, you know, being respectful, um, of their commitments. I'm like Luke Christian from Hertz is the CEO of the Tribeca trade group. And like I said, the guy's a pros pro when it comes to trading, when it comes to charts, let's get at, see from her time on the show right now, Christian, what's up, man.

Hey, what's going on, Spencer, how you doing, doing fan tastic? How, how has your week been from a P and L standpoint? Uh, you know, not bad. I mean, I think, uh, you know, definitely took a step back, you know, the other day and, and, uh, cut some trades, but you know, the market has. Uh, you know, it just has been great over the last few weeks that, you know, to think that we're not going to get some type of a pullback or it's just going to go ups, you know, in line.

And one of the words that I've been using a lot is just being realistic about this market. So, you know, uh, it took a little bit of a, to answer your question. It took a little bit of a step back this week on Wednesday, but this has been a Creek. There's been a great trading day so far. And, um, you know, I'm having a great, I had a great October and I'm having a great November so far.

So knock on wood. It's just been a lot of trading opportunities. Uh, we've seen nice breadth expansion. So more areas of the market are participating, you know, particularly what we saw with small caps, uh, you know, for the last couple of weeks. And so, um, it's, it's been a nice, uh, market to, to be involved in.

What do you think quickly, like this time of year as we head into, uh, Thanksgiving week, which is very, a very slow week. Um, and then December, obviously. With some exceptions it's typically a slower month of the year. Do you typically take a step back this time of year or do you like. Get more active. I, you know, I just basically follow the price action and what it's telling me, and if I'm seeing more signals, you know, I continue to kind of, uh, you know, go through my process, uh, and, and look at, um, you know, go through my homework after hours and, and go through scanning and so forth.

And if I see more opportunities, then I I'm, I'm in the market. Now, if I go through, you know, regardless of what time of year it is, and I'm not seeing that many opportunities within sectors and, and, and just, you know, relative strength. And if some areas look exhausted, you know, then I may back off a little bit, but, um, you know, it's busy business as normal.

And sometimes these weeks of Thanksgiving with the low volume can actually be quite fun. You know, I know some people, for example, like the, the day after Thanksgiving, you know, it's that day of the year, but there's, there could be some really wippy moves that happen. And, you know, if you're a retail trader, you don't know.

You know, a huge volume for liquidity purposes, as long as you've got things moving. So what's nice about that day after Thanksgiving is if anybody has a trade to do, or if there's some type of news that happens over Thanksgiving, you know, you could really find some good trading opportunities. So it, it can be, uh, it can, and I, I say can be it's potentially because you just don't know every year, but it it's, it can be an it's potentially it could be a really fun trading day if you kind of come in the right way and, um, you know, are just kind of following whatever's moving on the tape because the other thing is too, sometimes that low liquidity can just mean that like one or two players out there, or just pushing a particular stock or are, are pushing a particular group and you can really make some nice money off of, uh, just day trading.

Uh, while we're on the topic for disclosure, uh, two weeks from today, uh, I'll be, I'll take, take the day. So there you go. It's black Friday. I'd like to go to the mall and yes, I do. I'm not going to buy anything. Um, but I like to hang out with all the crazies for sure. And you gotta give a supply chain, you know, update in terms of that's actually what I'm doing and channel checks.

Yes. There you go. That's what you're doing. You're not shopping you to homework for the show for sure. Good recovery. Good recover. Sure. Uh, okay. Um, if you want Chris and you can share your screen with us and, and we can reel through some charts here. If you have any questions in the chat, uh, drop them in there and we can take a look and see what Christian said, uh, things about them.

Um, but in the meantime, you can just tell us what's on your way. Yeah, absolutely. And, and, um, you know, in a bunch of things, you know, what was kind of interesting yesterday after, um, you know, we saw some profit taking and some, some, a little bit of volatility on a, on Wednesday was just, you know, even though the S and P wasn't doing much, we started to see some areas of the market really participate in, you know, I obviously will pay attention to both.

Right. I'll look to see what the important levels are in the S and P because I do want an overall. Healthy looking, uh, you know, index charts and so forth and, and just as backup to make sure that that the trend is acting the right way. But of course, if, uh, if we're starting to see some things really act well, uh, and I thought yesterday, there, there wasn't a lot of volume yesterday and there wasn't a lot of momentum in the second half of the day, but unlike, Hey, we're seeing some groups like the clean energy group, uh, like, um, there is the metal space that was absolutely on fire yesterday.

The agriculture space was acting well. So as long as like, you know, if it's one of those days where it's really choppy. Yes. Like it was, uh, yesterday and there's nothing acting well, then it's like, huh. You know, You know, maybe we need a little bit more time for, you know, the, um, the healing of, of the, the price action.

But I was like, wow, you know, things look pretty good in terms of momentum. Now, not everything was participating yesterday, but it was nice to see like three or four other areas of the market. The Chinese internets were acting very well yesterday, too. So, um, kind of goes in line with, with what I'm watching for today.

And, and, uh, you know, there was a specific level and this is just a one hour S and P chart. Uh, just a quick explanation of my charts. I look at volume at price quite a bit. Um, I have on my screen, what's called, um, the market webs, which, which look at volume and price and put together significant resistance and support levels.

So I get excited when we get over resistance. Um, so we managed to do that for this week kind of back to where we started a little bit in this range. And, um, yeah, and then we kind of just turns the sectors and what what's acting well, so. You know, we kind of w and we build off of that. So, yeah, I'm seeing some good opportunities, you know, in a couple of different, you know, high momentum areas of the, of the market.

Um, the other thing that's been pretty consistent is I do pay attention a little bit to, um, to option activity. And they were really going after some names that had good earnings and. Spend a little bit of time just consolidating and this TTD, it was a real nice trade today. Um, roadblocks, which I got into yesterday, you know, kind of, I mean, isn't it funny that these charts look almost exactly the same.

Uh, and I think the last time that I was on. I think we were like right in the beginning of earning season, somewhere around there, we were sort of in the brain, in the heart of earning season. Okay. Yeah, yeah. A couple of weeks ago. And one of the things that I said is that you're going to find what's exciting about earning season is not so much like, um, Putting money on trades and speculating, like which name is going to go up or down, but finding new opportunities that come out of, you know, that have really good earnings and really good price action.

And I think like, you know, just as an example, these two names, roadblocks, which is up 9%, that wasn't really a name that I was like, Hey, this is going to be the name going, going forward. But it just happened to kind of fall into the theme of the metaverse and it had better than expected, uh, what monthly active users and this thing kind of sat back.

You know, it really was tricky two days ago because there was a ton of call volume the day after earnings. And the next day it just fell flat on its face, but it didn't give up the trend. Um, and yesterday I started a position I added to it, um, in the middle of the day and I actually took off part of the position.

And then, um, I'm being rewarded today by, by keeping a partial position on today. But. That's, what's kind of fun about this and, and same thing with TTD, which, you know, really has been a name that kind of got forgotten. Um, you know, it was for a little while, if you look at some of the tech of like last year, that was hot and, you know, Shopify, the trade desk were a couple of names, but the trade desk really went cold for a while.

So there's nothing wrong with the name, you know, after going sideways for a while now, catching momentum and, and, uh, and breaking out. So I'm excited to see these types of opportunities. Um, all right. A few cigarettes in the chat I want to get to by blah, blah, blah. Yeah, let's go. You want to, and I could go through a couple other names because I don't, I like when it's more than, you know, a few different names participating, but another name that kind of caught my attention.

And this is how I use option activity personally, is that. It could be an idea for me. Right. It's either it could be, Hey, I, you know, if I'm looking to day trade a little bit and the market momentum is pretty good, then I'll use the option activity for a little bit of momentum, like we did in trade desk this morning.

And, um, and then something like this where I'm like, huh, this is interesting. Somebody's buying a little bit of calls. Um, and Moscow and I, and I looked at this chart and I said, well, Hey, this is a pretty nice little move. You know, this is another one that gapped up on earnings. Right. Settled in a little bit.

And, um, you know, you, again, you have to be a little bit patient with these things, but, um, you know, now we see the calls, which is to me, just a little bit of a verification that an institution is, is perhaps interested in the name. And then we can kind of go from there. But that's particularly interesting is, is not so much the option.

Into earnings, but the option flow after a name has reported and because institutions are going to get involved in, in, in some names there's no, there's no doubt about it, right? The names that they haven't been positioned in, I mean, roadblocks is you could see the volume difference in this name. So, you know, what we want to see is after name reports is to see those institutions that have may have been a little bit under positioned in a name now have to get involved in the name and then we can kind of ride the coattails of that.

Um, uh, sorry, uh, half to them. This, this is our box. Uh, I'll put the tickets up on the screen here going forward. Um, let's do a couple of takeaways from the chat I asked for jiggly puff. Doc wants to know about PayPal every day. They asked him it's today. The bottom is today. The bottom. Well, here's the thing, right?

Yeah. I mean, I think everybody wants to know that and everybody's wanted to know that now for life the last couple of weeks. Uh, so I'll give you my 2 cents about PayPal. Um, so number one, like when we started to hear about this, you know, story about the interest with, with, um, with Pinterest, right? The volume kind of gave some clues that the institutions were selling this thing.

Right? So it doesn't matter. Like if you think it's a good body, what do you mean by that? Well, we'll look at the difference with the volume. Like this is, this is not retail. You know, this big volume is, is not retail. Right. And that's some, it depends. And in all seriousness, I mean, you had a big news event, a rumor rumor takeover of a huge social media company, right.

I mean, that's a big news event. It was talked about all day on, on places like Benzinger and CNBC and Bloomberg, et cetera, et cetera, et cetera. I mean, I don't know why. No. Well, I, you know, I think, you know, listening to your show, I think I heard recently that, um, and if it wasn't your show, I apologize. But I think retail flow used to be about like 10% of the average market or 15%.

And I think that that's jumped up about like 10%. Right. So it's bigger than it used to be. Yeah. However institutions are still about somewhere around 75% of the overall. Right. And they are sitting too with, I mean, you know, that there's, that institutions were holding PayPal. I mean, that's a, that's a core that was a core holding.

I think, of a, of a lot of, uh, you know, a lot of fun, a lot of institutions. So to me seeing seeing this after the pin, you know, and I think a lot of people, including myself, Hey, are they, you know, this deal doesn't make a lot of sense to me. And I think as institutions, you know, got their arms around it, they were like, I don't particularly understand this.

And even if they're not going to do it, just the fact that they're, that they were going after a company like this, rather than maybe investing in their own company and finding some type of new, you know, uh, development there. And, you know, that exposes like, uh, like a thought process. Right? I think so. And, and again, you know, sometimes, you know, we can reason all we want, but I think just, just looking at the price action and looking at the volume just told me enough just to not wait until this thing start, you know, stops to.

You know, stop seeing the distribution that it's been seeing. So going back to the question of where you're at now, uh, you know where we're at now, so let's the weekly chart. I got a level for you. Um, and that's 2, 10, 26 right now. Do I think that the bottom is in and, and, um, you know, that we're going to move up from here?

Well, I don't, I don't make those types of predictions. Right. I find a level that I think is significant, which I think the two, 10 level is. And I think that you, you're going to want to see the price action to get above two to 10 and what this is by the way, it's, it's volume that price right from all of last year.

So this block here that you have is a value area and that's based on all that price and time as well as volume from, uh, 2020. So it would become. Right, because, because of that, that volume and price action. So two 10 is a, is a definite level. I will be watching, but I would say if anybody at this point is looking to take a, uh, a shot at PayPal, just make sure you have a stop.

Right. And even if you, if you don't want to wait for two, 10 confirmation, right. You could basically see, and you know, this is, this red line on my chart is also signal is a significant volume at price level, but there's another one below it at 1 91. So I can't tell you if the bottom is in, but if you're, if you're looking to take a shot, I would use the low of this week and say, Hey, let's, you know, let me see if I can get a broader bounce in here.

But if it takes out the low from this week, I, I would, I would abandoned. I would run for the Hills. Uh, habitat mass. What timeframe you used on your chart? Are you sorry if I butchered your portrait, your name? Um, no. So, so, so this, um, so, so this, this value area for the whole year is off of the weekly chart.

Okay. Okay. So the whole year it's been trading above value. So you really don't want to see this thing start to move down here, because then I think you, you got even a bigger correction going on, but, um, yeah, it's been a tough name. I have no position in it. Um, I'm waiting. I, I would rather, you know, and again, I understand everybody has a different timeframe, so you may think, you know, for the long-term that this might be a good spot.

There's nothing wrong with that, but I would, I would still have a stop in place, uh, you know, and, and kind of go from there is it do for, you know, maybe, uh, a bigger balance probably, um, But I just think there's, I think that this is not only PayPal. I think this whole payment space is there's something different.

That's happened this year. I don't know exactly what it is. I don't know if it's a firm that's easy, that's eating everybody's lunch. But if you look at the whole space, right, this is, this is called relative weakness right now. I like to play things that are above the 200 day, moving average above the 50 day, moving average.

And you know, really. So I, I, you know, I can't figure out exactly what's going on here and why the group is so weak, but I think there's just plenty of other areas in the market to allocate your money to, even though you may think, oh, it's down, it's a buying opportunity. I don't like relative weakness. I like relative strength.

Fair enough. Fair enough. So here's one that we also got asked about in the chat then has relative strength, Airbnb full disclosure am long. Yeah, I, I screwed this one up Spencer, uh, this week. Tell us about it. You learn more from your mistakes and do from your wins. So. Yeah. Um, I did have enough patients this week, you know, when the, when the volatility hit on Wednesday, uh, there was a comment actually that I made in the room, you know, I just kind of, I took off some positions on Wednesday and some positions, just even the good positions, got a little bit sacrificed and, um, this, but this was tricky, you know, because it's been, you know, kind of coming into support.

So now I'm on the one-hour timeframe. So this value area is for the week. So it, again, you know, I really look for. Um, you know, I, I say this all the time, like in my trading room and in my end of day videos, I always have ideas, but I will let the price action. Tell me whether I'm right or wrong in my ideas, because I could be wrong a lot.

Um, but this one, it, you know, it kind of gave a little bit of a couple of false breaks into value. Um, and then today it's just, it's acting like a champ and I do like this for the term. Um, but I'm not in it right now. And I, I'm kind of a little bit upset that I, that I, that I missed it. And I took it off earlier in the week.

Um, I just think this area too, that I'm circling in the, on the left side of the chart. Um, I'm worried that it's going to be a little bit choppy in here, but Hey, um, it's got some momentum today and, um, you know, the more that it can continue to kind of make progress here, I think the better. And as long as you, you know, at this point, I would ratchet up a stop to maybe around like 201 98, but I like the idea of it.

And I've been a fan of Airbnb that, you know what though, like, as someone who owns his docket, we say, you think maybe it could be choppy up, you know, in the two, 10 area. I like that personally, because you know, we're all different. We all have different psychologies here, but like, it freaks me out when I'm in a stock that just ribs higher, like on the Airbnb weekly, it is just ripping, ripping higher with just straight, straight up.

Literally no resistance. Right. Just straight up. And I'm like that, that kind of thing freaks me. I, did you say Airbnb? Airbnb, like there's definitely, yeah. It's got to get through this 2 0 4 to 2 0 7, right? Sure. I like chop. I like consolidation. When things go rocket ship mode, it freaks me out because I don't know what to do.

You know what I mean? Like, I don't feel like trailing stop. I know, but then sometimes you can get shaken out of these things and it's like, Yeah. Like, you know what I mean? And it's really tough, uh, the way that, that, you know, I wish I could tell you that like a docx, right. Which has been just acting like a champ.

So here's an example of a high flyer. What I've learned over time is, you know, because there's, this thing has just been, you know, has gone up from last year. It was a $40 stock. It's at, it's at one 20. I mean, and that's the case with a lot of the, some of these, uh, you know, some of these names Assan is one that I'm watching today by Monday.

Oh my gosh. Are they ever going to go down? So, so by the way, so here's a, here's a good level to watch for the end of the today and maybe for next week, but 1 39, look at the nice. So you kind of got to get your, your, your mind, you can't look back here. Um, you could basically just kind of look forward and know that this name has been showing relatives, you know, speaking of relative strength, this is one of them and it's, it has been consolidating for.

Right. So it's been very strong, but take a look. It's been kind of just doing its thing and consolidating, and I think this is a great time to kind of get back involved in it. And you know, if you want a little bit more of leeway, use the 20 period moving average, but the answer to your question is how I kind of stay in some of these high flyers is it's just all that position size.

You gotta put something on that you're comfortable, right? If you put too large of a position on you're going to, a lot of times, shake yourself out of a high flyer, especially a name that's more volatile and has an, uh, larger average true range than, than the normal stock. So really like almost put putting a position size.

That you almost forget about a little bit in terms of the size, because if this thing and you kind of just look at the lines on the chart and you, and this, that could be at one 50, no problem. The way that this thing moves. So you gotta be in something that you're comfortable within, but, uh, this is, this has just been one of my favorite stocks over the last, uh, you know, a couple months, anything that has momentum like this that is acting different than the rest to me is, uh, is fun to be in.

Uh, can you, can you correct me if I'm wrong here? There's a question from Kristin Gallagher in our chat. Uh, correct me if I'm wrong, but if you're sorta stock and they pay a dividend, um, don't, don't you owe the broker, the dividend. That's what I thought. If you, if you're short and they paid it into you, pay your broker.

I believe that's how it works. I mean, I don't do a ton of, if I'm doing shorting, I'm usually doing it with options. Um, but, um, Yeah. So, uh, but yeah, I believe that they are entitled to, you know, whoever's long is entitled to the dividend. So that's a nice one-off question, but we'll take it. You got any more charts or you want me to continue with some, some names, a couple more?

Uh, I don't know, square one, like we were to look to PayPal. We want to look at square. I don't know. I actually full disclosure. I don't know what the chart is. Square. It looks like it's tough to me. It's, it's, it's at a place where it could bounce. Um, but again, like, so you know, the thing about how I trade and how I've learned to trade over the last few years, it's kind of like a, it's kinda like, you know, like Dennis in the morning, right on your pre-market show, he's a very disciplined trader on the no, I trade different.

Like I have a completely different style than Dennis. I'm more of a swing trader. Um, that's my bread and butter. I do do some day trading as well, like with TTD today, but you know where there's opportunities, but I'm a swing trader, but I just stay out of stocks. Are telling me something bad. So if you cover up the symbol here in square and you know, because I know a lot of people have attachment to stocks, I do too.

Um, but this thing is below the 200 day moving average, that's as simple as it gets, you don't even have to look at my value areas. Right? My, my indicator, if it's below the 200 day moving average, there's I, I know that this has been said by a number of people. So I apologize for not giving credit, but below the 200 day moving average, there's not a lot of fun things that happen.

Right. I think we're starting to see that with some names, uh, that have been under the, the, you know, way under the 200 day moving average that are now rallying from, from them. And they're now above their 50 day moving average, but specifically one a name has been above an, and it has been a really strong name.

There's something that's not right here. I, that a name is, is sinking this much and institutions, it's kind of like, you know what we were doing, what we were talking about with, um, With PayPal. Uh, you could see all these red bars. What is this telling you? It's telling you that, that somebody is getting out of it.

So you, if you don't want to say institutions, Spencer, that's fine. You could say I'm not, I'm not more really against it. I was just questioning the hypothesis, questioning the idea. Yeah. But this volume is telling you, right. That's that there, that there are somebody is getting out of this name and again, square and PayPal have been, I think, a bit overcrowded, uh, on the long side.

So, you know, we've got some institutions getting, sorry to say institutions, but I think somebody has been getting fine. It's fine. Maybe it is. I don't know. Maybe it's people over it. I dunno. Um, uh, uh, we got a couple more minutes here where the Christmas farm her it's by the way, he's at sea from Hertz on Twitter.

His, uh, I'll put it up on the screen where handle, um, Yeah. And you could also put the Twitter up there and I do do free, you know, obviously I run a trading room, right. We've got a community of traders, but I put out free end of day videos where I literally go through, if you, if you go through yesterday's video, I talked about a lot of setups, um, you know, not to give the old pat on the back, but, um, you know, I talked about a lot of setups that I thought were really constructive yesterday.

So I give that out free. Uh, it's usually goes out around like, uh, you know, some sometime around like five o'clock and I'll, I'll go through the indices first and I'll go through a single stock setups. And I do that every, um, every day, you know, it's a, it's a public video, so yeah, let's, let's go through some more charts.

I'm going to quote you on the, not a lot of good things happen below the 200 day moving average line. That's a good one. Not a lot of fun things happen. Someone's going to go after me because I didn't, I Devin energy please. Sure. Uh, this was such a strong stock. Um, you know, I I'll tell you, I got shaken out a couple of these energy plays recently.

Um, so it's consolidating here. I, I think if you're in a stock position, I think a stock position is better here. Um, personally, because it's kind of, um, is not showing momentum right now, but it's not breaking down either. So I would pay attention to maybe the, the 41 level. Right. And also that's the 20 day moving average because it's been above the 20 day, moving average now since September.

Right. And it's acted so well. So I don't know, um, you know, if this is just kind of, uh, taken its time here and, um, you know, or if something different, but again, you know, going back to what I said earlier, it's all about, you know, the price action will tell me if I'm right or wrong, I would stay long versus that 20 day moving average.

Right. Keep it simple. Um, the one thing that's kind of concerning to. And again, there's no breakdown here, but oil has not been able to get, get above the 84 levels. So it's digesting, you know, and what's funny again, is like with trading, the price action is always right, right. We hear all this stuff about gas prices going up and, you know, potentially that they're going to have to release more reserves and that kind of thing.

Well, what's not, what's the price of Nat gas telling you, you think that's true right now that, that, you know, not gas is, is stalled out. Um, basically back in October, you can see I've got a downtrend London here. So the, the price to me in, in both oil, you know, oil to some extent, but definitely, and, and Nat gas is not, you know, uh, Agreeing with what the news is telling you.

So again, always rely on the price action, because right now I do not see not gas, uh, you know, moving hard to the upside. In fact, it kind of looks like it's weak and breaking down a little bit. Right? Talk about the 50 day moving average. It's also below value for the month. So I got rid of some, I tried actually in the beginning, I mentioned I sold some positions a couple of days ago, but one of them was, I try to position an Oxy and Oxy could not break out.

Um, another name that I tried to is venom, um, which doesn't look bad, but again, it just, it stalled out here and I think there's just better opportunities. Uh, let's just do one more quick. What do you want more quick? Rex has a couple of good ones here. Um, can you look at do you look at IPO's a day or two after the last year or not really tough?

Um, I don't trade a lot of these, uh, because I just don't have the technicals to do it. Um, I like to see a little bit. Yeah. So it's always like, if I'm going to take a position in this stuff, it's going to be really small because I just think it's too unpredictable. And, you know, I mentioned before that my indicators and the price action will tell me if I'm right or wrong.

I just don't have a lot, so I can have an idea, but I don't, I don't have any edge in Caribbean. Right. I like to have edge in trading and I, I got no itch, so fair. Uh, okay. And then here's one, I, that up FinTech TIGR, I looked at that one for. Oh, yeah, that's a tough one. So again, another one in a downtrend, um, I'm an uptrend guy.

Uh, so you've, you do have a level to trade against, right? There's always a, there's always, even if I don't like the chart, right. Or if I'm because I am a trend trader, so that's why I stick to trends, but there's always a level that you could trade against if you want to really take a shot at something.

But you have to remember that if it doesn't work to take the, you know, take the position off, um, and that's seven bucks. Um, but this, this is not something I would mess with personally. Could it bounce, you know, up to up to nine bucks, I'll definitely, you know, it, it could do that, but is that what you're looking for in this trade?

You know, and that's, uh, that's an important thing too, is every time you pull the, pull, the trigger or click the mouse, you know, you have to think about, okay, well, you know, where do you, where do you think this stock is going to? So, yes, I think it could bounce, you know, maybe. So the 50 day moving average, but it's, that's such a tough trade.

It really is. I hear ya. Uh, I'm sorry. Whoever asked about that Christian from her, she was the founder of the Tribeca trade group. Uh, his Twitter handle was up on the screen before and I'd see from Hertz and he joined his every other Friday. Um, Negative two Fridays from now. We'll talk about that, Christian, because I won't be here, but maybe we'll do, maybe we'll do so maybe we won't, I don't even know at this point, you know, where are you going to be in the mall or something we could do?

Uh, well, I'll be, I'll be in Jersey. I'll be at like a mall in Jersey. We can maybe try to do AB we can, we do a stream. Can you, where are you going to be from Jersey too? So that'll be great. Where in Jersey are you from? So I, I grew up in central Jersey. I'm in New York center now a very small town called north Plainfield.

And my phone from me. I'm from east Brunswick, a safe, nice Rutgers. Let's go right. That's right. I knew you went through Rutgers. That's right. Small world. All right. A Christian have a go and we'll talk to you again soon. Good luck. Thanks. Alright. Uh, AB what is up my man? Why is AB not on the screen guys?

There is, um, uh, by the way, what to remind everyone, we did say if we got a hundred likes people, we would do another chat, uh, named that chart. We're almost there, almost there that. Maybe we have one last guest today. Yeah. We've got Russ Davis who was an early investor in Sheba. He knew my God, this guy has more money than I'll ever make right now.

I know. It's incredible. So Russ knows, I guess, more about Sheba and cryptocurrencies in general, kind of an alt coin officiant auto. So w with the recent run in Sheba figured no better person to bring on then Russ. So without further ado, let's go ahead and bring Russ

Ross, man. How you doing? Good. Good. How are you? I'm good. I'm good. So, well, first of all, where in the world are you joining us from? I know you travel a lot. Uh, I'm in LA right now. Uh, Houston last week, Tampa next week, maybe San Fran in between. I mean, it's, I don't even have a home base right now. You're homeless.

Is that what you just said might as well be? I don't know why I'm paying a mortgage in Connecticut. Um, you've got some cool friends down in Tampa, too. Do you want to talk about, yeah. Um, I got, uh, uh, Antonio brown into, uh, crypto. You've probably seen him on a lot of commercials. You signed all these crazy deals now and, um, hopefully I'll be able to talk with Brady about that.

I'm going to be doing, um, some training with them after their Monday night football game in Tampa next week with a couple of the other players. I'm not going to name names yet, cause I didn't really get their permission, but, uh, yeah, it's exciting. And I'm meeting with some other coins down in Tampa as well.

Uh, anywhere I go, people, uh, you know, find time and meet up with you now it's, it's overwhelming, but I love it. You know, it doesn't feel like a job. So. So, how did you initially get connected to Antonio brown? You know, a different a, B a, and what was your, I guess, like pitch to him, you know, just, oh, you've got a lot of money you should invest in Sheba.

You knew, um, you know, we connected back when he was on the Steelers, uh, really just through social media and I became friends, um, like started just hanging out, you know, anytime he was in the area or I was in the area, we would hang out. And then when I started talking about crypto, he was very interested.

He's a very quick learner with all that stuff. And so he's like, what can I do? So we set up some accounts for him, made him a decent amount of money. Um, some of his, you know, his entourage, like his agent and, uh, all those guys got in the Sheba, um, months and months ago. So they're pretty happy right now.

And, uh, you know, in this industry is all word of mouth. Like you can't fake, you know, real profits. So when you show somebody your portfolio of what you started with that speaks volumes, and then you get referrals and then it's just nonstop. It goes to. Yeah. So Russ, the first time we had you on the show, I believe it was back in April or may kind of when she was making its initial run and so much has changed in the crypto world since then.

And especially with Sheba e-news. So can you just give us a rundown of like, where you see we're at right now? Where do you think we're going? Um, you know, was this last run all the way up to let's see 0.0, 0, 0 8. Was that the final. No. I mean, I'm getting the same questions that I got back when I was on the sugar last time.

And people were like, is it done? Absolutely not. Um, unfortunately a month in crypto is like 10 years in real life. People freak out if it goes up 800% and then down 10%, they're like, is it over? Is it done? Of course not. Um, if you look at the real token Nomics on it, they haven't even done anything to become deflationary yet.

They're about to start burning coins. I think they're doing a, a billion coin burn very soon. Then they're going to do transactional burns on every transaction by yourself. That's going to be massive for it. And then just the whole vision itself is still just getting. I mean, we haven't even gotten on Robin hood yet.

Uh, cracking these take time, you know, that's why you never set a date and say, we're going to be, you know, on Robin hood at this date. They're not going to say that because it takes time. They're going to get the bugs out. And you know, we're still not on some of these major exchanges. It's just gaining momentum.

It might be down on a day, but, but that is still going to go up. I mean, anybody who's used to, uh, stock lines, I don't, you know, I don't like to correlate stocks and crypto all that much, but you look at these it's all trending upwards. Um, I would say 14 months target. It hits a penny. I want to ask a question.

Uh, Russ, I'm just wondering, like, aside from the, the connections and the relationships, um, how has your life changed in the last six years? Um, it's been a whirlwind. I mean, almost anywhere I go, um, in, in like my surrounding towns, like once a week, somebody is taking pictures with me and, uh, it's, it's fundamental, my friends all laugh at it, you know, but, um, I get it, you know, I've been there where I'm like, whoa, you know, th this guy is, uh, you know, making a lot of money.

Like how do I, you know, how do I speak to him? So I, I understand, and I want to, you know, teach everyone. So, you know, if anybody who, I don't know, approaches me, I'm always down to talk about crypto and give my 2 cents and, um, you know, just give some free information. That's what crypto is all about is just sharing.

Uh, if you've got a hot tip, you should share it. You should watch you get everything out there. And, um, my life has just been like crazy, crazy, crazy, crazy. Just being pulled every direction in the last six months. Like, I can't even explain how much.

Um, yes. So Russ outside of Sheba, is there any, you know, any projects, any coins that are particularly interesting to you right now? Or is it just kind of like the yep. Yeah, we actually, the first coin I ever got involved in actually on like the dev team, uh, is peeps, uh, the people's coin.money is the website for that.

It's very simple to buy and that's going to revolutionize charitable giving. So with peeps coin, you can donate to a charity that might, let's say this charity has a hundred thousand dollars in their bank, uh, for charitable giving. It's sitting there making less than 1% interest per year, which is just not even keeping up with inflation itself.

If you receive a donation by credit card, you're paying a 4% fee. So you're already, you know, down money with peeps, you can donate it immediately. They receive it for free. There's no credit card, transaction fees, there's no processing fees and you get reflections. So every day that you have, let's say a thousand peeps, every transaction is going to give a 2% reflection, which is a reward to people that hold that coin.

So you're going to wake up the next day and actually have 1,005 peeps. You're going to have more and more accumulating, more so innately. The value is going to be higher. And then when the price goes up, that's going to make it higher. The more charities we get involved that are going to turn their. You know, a hundred thousand dollars red cross millions of dollars sitting there gaining virtually nothing.

If we could transform that into cryptocurrency, it's going to it'll change the world. Just like, uh, Sheba did when they donate it to India. Uh, $5 million now would have been worth $30 billion if they had actually held and listened to the actual Shiva community. But you see what we can do when we actually hold these coins and reap the rewards that crypto is benefiting anybody and everybody a hundred fold over what we can do by putting our money in banks and letting it sit there and doing nothing.

I'm sure it's a big, big ask for, especially for some, uh, you know, places like you mentioned, red cross and stuff might be a little archaic in their, uh, financial tendencies, you know, isn't that what it isn't that you ha that isn't, doesn't all this hinge on like eventual adoption. Who's to say that. Um, I mean, adoption is getting out of control as it is.

Uh, I mean ask somebody 10 years ago, what Bitcoin was five years ago and now it's almost a household name. You don't have to even own crypto to know about what Bitcoin, like the name. And now it's educating people. What is Bitcoin? What is cryptocurrency? Um, you know, I get those questions all the time and I'm happy to answer them.

It's like, is, is Bitcoin. Crypto is crypto coins, crypto Bitcoin, and all this stuff, but that's why we just need to educate people on everything. And, uh, you know, the, the learning curve is getting faster and faster, you know, uh, two years ago, 1% of people in the world had crypto and now it's up to like 13%.

Um, wow. It's just, you can see the charts on Ethereum and Bitcoin and all the major players too, that dictate the market. They don't lie. It's just getting bigger and bigger and it's gonna it's. This is our generations internet, or last three generations, Facebook it's cryptocurrency. It's here to stay. So Christian gal is asking a good question to chat.

He's asking, do you think there are too many coins out there because I see so many projects that claim to be, you know, the future of finance, et cetera, every coin, uh, it seems like can't have really it's. So. Um, let's see practical use case. So, you know, how do you see that? Do you think there are some coins popping up that really have no business?

No, it's a hundred percent. It's, um, it's a necessary evil right now to gain hype on cryptocurrency, but the scams, I mean, 99%, I'm probably underestimating that of all coins coming out or scams. Right now. That's something that, you know, my group, the in recipe trust group on Facebook prides herself in is finding all those diamonds in the rough that are not scams.

And our analytical team is comprised of some of the smartest people in the world. And, uh, you know, it's, it's not impossible to trick us, but you got to, if you're, if you're that smart, to be able to trick us into believing that your corn is legit, then you should just have an honest project. Wait, wait. So how do you, how do you know, how do you know I'm genuine?

I don't, I, we have people from all over the world, some of who just do not know each other, so it's not like we're, you know, Uh, going through the motions with, with everybody in our own little chat room and, um, you know, running these analytics are different than what other people look at. We look at different things, not just, you know, memorable.

Let's talk about market cap. I hate market cap. I think it's a complete BS thing to look at. You know, that's for stocks, not for crypto, I'm looking at. What like who the development team is, uh, if they are not going to docs themselves, like basically give their real information. We're not going to work with you.

Um, we want people that are honest, transparent, and, um, those are some of the main things, because if you can get past that, people have accountability. If you have accountability, then we look at your project. And if the project has a use case, then you know, we're going to look into it. But a lot of these BS coins just don't and people are just like, oh, I'm going to throw a hundred bucks in this.

It's going to be the next Sheba. Why do you have no reason to say that? So, you know, you got to listen to honest groups. Um, our group is probably the most honest, like transparent, like helping group in the world for crypto. Everything else. The fire. It's just like the purge part five again, like they, they just don't want to help you.

They want to pitch their own coin, no use case pumping up that that's what gives a bad name to it. But the more regulated crypto gets the safer we'll get. And, uh, you know, it'll come interesting. I don't know. I don't know if everyone agrees with you, but that one at us, but I do, I do for the record, but I don't know how many other people agree with you, but that, you know, that that word goes a long way.

It's, uh, it's ambiguous, but there's certain, certain regulations. I think that if you're going to file a coin, you should have to file under your real name. That would be good. We should get good things out there. There are a lot of, you know, quote unquote. Crypto influencers out there that stick, you know, a hundred percent anonymous.

So even the fact that you're able to come on screen, come on camera with your real name. I think adds some credibility. Yes. Kudos to you. That's why it makes me laugh. When people say that I'm scamming people and like, why, like it would be so easy to go under a fake name and do something. No, that's a very good point.

That's a very good pedal. Why would he be on here with his real name and face? So Ross, I gotta ask. Cause I, you know, everyone in the chat is wondering right now. What, what, you know, actually what amount of money did you make off Sheba? And are you, you know, how much of it have you sold? Uh, give us the low down on that.

Like what's your portfolio? Uh, uh, millions. A few. Quite a few. Okay. Can I ask you a question that isn't as invasive? What percent of your portfolio is Sheba? Um, probably 50 or 60%. Um, Uh, yeah, I mean, I still, I still have quite a few, quite a few billion coins. Um, I had plenty, I have a lot more, but when people, when I owed people money, I would pay the bin Sheba and tell them to hold it.

I would tell them, you know, this is going to be worth a lot more in a year. So if they did, then they gave away, uh, I don't know, probably $20 million in the last, a few months, but oh my gosh. Oh my gosh. Oh, okay. And what percent of your portfolio is crypto? Oh, a hundred percent. I a I'm so out of stocks right now.

Um, if you, if you're talking about just stocks and crypto, it's a hundred percent crypto, but real estate and cryptocurrency, um, are really just having the best gains right now in, I think in the near future. A hundred percent, a hundred percent of the crypto, 50% of that. Does sheep approximately give or take.

Alright. I appalled the honest Ross. You used to didn't you use to work for vivant or Sunrun for like about six months. Yeah. What are you? So you're a solar expert too. What do you think about the solar space? That's so funny. The solar's paste is good. It's not going anywhere with the, um, with all the incentives that, uh, you know, uh, the government's giving I, uh, I was doing solar because my credit card processing company runs itself and.

It gave me time to focus on crypto because it's very flexible. And, uh, unfortunately for vivid, I gave a couple of my Sheba and crypto tips away to a few people and now they retired. So they're kind of losing some employees because of me, my, my bat. So you're, you're responsible for that stat that came out that 4% of people have quit their jobs because they've made so much money off crypto.

I, I can't, I don't have an exact number, but I mean, I know that I've had probably 40 or more people tell me that they have retired or are millionaires because of my picks. And that really is, I mean, it means the world to me, they should hear some of these life changing stories. So, um, yeah. That's, it's fantastic.

And what about, what about this? I got an idea. So you have some, you know, green crypto's out there between Solano Cardona, et cetera. What about we make a crypto that can only be mined using solar power. So it's got specific minors that have to be hooked up to a solar panel by now. Surely, you know, I don't know, we'll figure it out.

Can someone do some research on there if it's not out there then Russ and VIN syngo will make it. If you've got solar power and you're near like a river or water source, you can, you can really just make crypto for free, without electricity, without, you know, impacting the environment and everything. So, uh, if you really take the time you have the money and the due diligence.

Yeah. Yeah, I know people that do it. Um, but thought, thought, thought he by nature is asking a question in the chat, what are better crypto brokers and hot wallet versus cold wallet. So it's someone like yourself that holds so many crypto, you know, you gotta have good confidence, good conviction in whatever wallet you're using.

Um, it's just, what are your thoughts on that? Um, there's obvious just, you know, security benefits to having a cold wallet, but some of the coins that you might be putting on a cold storage, you're not going to get the rewards, those reflections, the staking rewards. And like for, for Sheba, you know, I'm staking all of my Sheba on Shiva swap and making a six-figure income just on letting that sit, which I can't get.

Putting it on cold storage. So that's a benefit that would positive, like positive to not cold storage. But then if you're not going to get reflections, then if you're not going to sell it, then get it off the internet, putting it on a cold storage drive, never get a cold storage, like a USB, any of those little things from any website, that's not, you know, like ledger.com, like get, get them from the actual site because those things can be hacked and be reprogrammed to go into somebody else's wallet, never buy like a second market.

Um, that's a great tip. That is an amazing tip right there. Um, and I like your point. Okay. Uh, if you have it in a hot wallet, is that essentially like staking your car? Uh, no stinking. Your crypto is like putting your, your money, uh, at a bank, putting it in a CD or some, some weed you can't touch for like six months.

A lot of the newer staking rewards for some of these coins say, you can take it for a day and remove it tomorrow if you want to, but you're getting rewards for holding and that's what you should be doing. Anyways. If you believe in your, in your coin, then you should be holding the coin. And if you're going to hold the coin, why not get rewarded for it?

So a lot of the, the big ones, I mean, you can stake your Ethereum for 5% right now on Coinbase. I have all my, most of my Ethereum there. Um, some I need just to do some day trades whatnot, but, uh, you know, my Sheba is all staked. Um, heck's all staked. Um, yeah, some of these new coins that are coming out are, are just giving amazing staking reflection.

And that's a great tip you just gave, if you don't intend to sell, take it offline. What is, what even is the point? Right. When I have that conversation with people, I don't get it right. That's that's a really good point. A few people asked what the name of his Russ's group is. It's on the screen there and Russ, we trust, uh, Google that are being it.

I don't know, on Facebook, ask Jeeves and, and you'll find it on. I think you threw out a penny price target earlier for she, but bug law, you see Sheba go into a penny. Um, what, what do you think the catalysts are for that? I mean, we mentioned Robin hood. We mentioned, um, crack in, but, but what are some other catalysts that can help propel Sheba unit toward that penny prices?

Uh, the deflationary model that they're going to move towards. Um, more people staking, more awareness, um, with still, like I said, like 13% of people even own in crypto, what happens when we tap into the other 87% and then they're getting into Sheba and, you know, you can still get millions of Sheba for a couple of dollars.

That's, that's, what's trending. People want that out of what, you know, it's considered a meme coin and you know, something that now is bringing all sorts of functionality, uh, to the world for less than a penny, it's going to get to a penny. We are just, we're doing exactly what those did, but we did it six years faster.

And so once it hits a penny, it's going to go from one to three. Overnight, I would say within weeks ago, go from a penny to 10. And, um, when people ask me if it goes to a penny yes or no, of course it is. It will. Um, this, this, this rocket ship is not done. If it was done, I wouldn't have millions of dollars still in Sheba.

I would have taken it out by now. Um, it's still there. I'm not touching it. Uh, Rex is asking a great question. It's a very broad question. Take it any way you will, but he's asking where can you learn this stuff in rust-free trust on Facebook? Okay. You know, we have, I mean, I'm not even joking, like, you know, our, our site, you can actually ask questions like that and we're going to give you answers and you're not going to get bullied for it.

Um, you know, we have, you know, 16,000 members on that. You can go to the Shiva page, um, that I started, which has 70,000 members. And for the most part, you know, you're not going to get sarcastic answers. People want to help you because they know that it helps them. And. You can't really trust a lot of these other pages there.

I I've seen some real, you know, manipulating stuff going on with some of these pages. Unfortunately, it's just the truth. I have to say that. Um, but you, you have to do some research and maybe ask some of your friends. Were there some trustworthy sites? I'm sure we're not the only one, but I know we are. And, um, you just don't want to get on a site where you're kind of that lamb in lions, Dan, and you just don't know it.

Um, I've seen people give out their, you know, like send emails to people, uh, for a test and this kind of stuff. I'm just like, you see some stuff. It's unfortunate. What about the famous, uh, Twitter, where people would go into Elon Musk's replies and say, you know, send whatever Bitcoin to this address. So a couple of, couple of things in the chat did that work?

Oh yeah. For a lot of people, I think actually it says a lot about the fact that they were targeting Elon Musk's, uh, you know, followers on Twitter to do this and it works. What are you trying to say? I don't know. Um, anyway, a couple of things in the chat. So Christian gal, her saying he thinks crypto is going to go up through the holidays.

Everyone's going to be talking about it at gathering. So, uh, back in 2017, the first, the first big run-up in Bitcoin took place, you know, around Thanksgiving, through the holiday time. Um, that's probably a big part of it. I don't know if it's, when. Causation does not equal, uh, or correlation does not equal causation.

But, uh, definitely. I like that idea as a thesis that, um, you know, people will be talking about crypto over the holidays with their families, more interests. Like you said, it's all word of mouth. More people will buy it. Maybe that 13%, uh, of people who hold crypto goes up. Um, and I don't, I don't know about you, but Spencer Ross, but my, I have like my uncle who's like mid fifties and stuff, texting me about Bitcoin Ethereum all the time.

Thank goodness. I think, I think like that, uh, I don't know. He might be a little too young to be a boomer. Maybe not either way 55 year old. I feel like that's like prime, everyone. They just have nothing to do besides texting to stop texting me. Texting you. Yeah. He's asking me about like, which, which all corn and I don't know, he's like, what's next Sheba.

Tom's asking, how can I buy Sheba in New York that don't allow it. You, Tom, you didn't hear this from me, but out there in Google, a VPN. Um, again, didn't hear it from me. All right. Uh, is that a question? Oh yeah. My uncle wants to know. It's always a question. I've got a few actually that are, you know, um, besides peeps, you've got some really good coins out there.

Coin merge is, is amazing. They are kind of like, uh, they're they're trying to be like a Facebook. Um, what you got corner drop in the chat.

I'm calling BS on this. That is actually, I don't even see the chat. So yeah, they actually, um, they're really, that's a, that's a solid project because they're trying to integrate. You know what you have to go right now to like six different pages to look at a coin and do it on one. So you can have, you know, your chat boards here, you've got your, your charts, you've got, um, your, your NFT marketplace.

You can see other coins, you can do everything all in one page. I, I haven't even talked about that on my page. I just liked the coin. Um, and then you've got some of the new swaps coming out with lower fees. Cause that's the thing with these Gaspe so high, you've got Mitzi swap, which I've talked about on my page.

Um, oh, nucleus. Very good, very good coin. Uh, under, under, uh, producing, just cause of some, like, you know, uh, inner struggles within the company that are now resolved. Um, those, those, those are some points that either. Um, Mincey swap, swap. All right. I'm just posting them in the chat. We got new nucleus coin merge, minty swap.

I've got our email up on the screen [email protected] coin merge or send us an email. I'm sure. We'd love to have you on for an interview to talk more about the project. Um, so, or, or, or on our next show, for example, our crypto show moon or bust. Yeah, yeah. Either otherwise, but yeah. Anyway, uh, this has been fantastic.

This has been whitening stuff. Yeah. So last question, Russ. Jason is asking, how did you come up with the name and Russ we trust? Is that a nod to Russell Westbrook? Um, my, my, my friends, Tommy and my friends pippy, uh, started shouting, shouting that in, in our, um, in our chats and everything. And I was like, stop.

Like I just, I hated it. It. But then other people started using it and it just kind of started trending throughout the Sheba community. Um, so I just had to finally say, okay, like, you know, it is catchy and, um, it's just an easy way to remember. Uh, all right. Wait, last, last, last, last question. I know I said that was the last question, but I got one more, so, so Chiba.

All right. Just quick history lesson for anyone out there that may not be familiar. So doge coin starts, right? The dog that is in the doge coin coin is a Shiba Inu. So they create Shiba Inu. Now there's Floki new and Floki is of course, who else? Elon Musk's dog, which is a Sheba Eno. What's your take on Floki?

Is it a, is it just like a copycat of Sheba? Does it have some. Um, it is, but it's, it's both. Um, and, uh, you know, anything with the EU is going to be trying to copy Sheba, um, EU in Japanese means dog. That's where that comes from. So that's full trend on the EU thing, but Floki actually is very successful. I don't see it stopping.

It's got a nice cult following pretty quick. It's got massive gains. A lot of the dips get eaten up pretty quick as well. Um, I don't know if it's the next Sheba, uh, I don't know if anything will ever be the next Sheba, but Hey, I mean, I wouldn't say no to it. I don't personally own any, um, Uh, I know a lot of people that have made a ton of money on it and, and they're, they're holding pretty strong.

It's a nice community. Yeah. There you go. All right. This was amazing. Thank you so much. Russia coming. I learned my mind is free. Someone said the center has FOMO. I, yeah, I got FOMO. What do you think? This is amazing. I learned a lot. Russ. We'll have to have you on again soon for any developments and you know, your crypto portfolio.

If you find a new project you're working on a new project, love to come, come get you on again, to, to, you know, talk about it with our audience. So thank you for taking your time out of your Friday to join us. And I look forward to, to. Awesome. Same. Thanks guys. Have a great one. Appreciate it. So problems real fast.

We got to end this show because, uh, we, uh, lunar bust and I have a call right now, but we got 200 likes. So we're going to do another name, that chart. This is a three year chart. I'm going to give you one hand and one, and only, I guess it is a technology company. That's my only hint. This has gotta be one of the only tech companies that is not made up.

It's, uh, pre COVID drop your guests in the chat. The winner will get some free swag, swag sweater, swag, um, AB does not know clearly it's no price, access, price access is the technology stock that has not gotten back up to its pre COVID levels. I w I w I wouldn't say Bowen price. Price is for new Christian Gallagher.

It's not a bad guest, actually. Actually it, it's not, it's not Intel, but it's not a good amount of Vegas. Um, yeah, I can only be like one of a dozen you're right. All these guys aren't bad. No, it's not Microsoft. Oh, we do have. Shelly, you have a winter. How do you know that? I don't know. I'm smart. I just figured Shelley was right.

Cause she's so smart. Yeah. That's exactly it. International business machines. Shelly how'd you know that Shelley's smart. Good job, Shelly. Or she's watching us, someone, I don't know. Maybe she'll email us shows. That means it's going to come. I have to hop by the phone call that I'm late for AB can you wrap the show up please?

Yeah. Um, w w what do you, what, what say you, Spencer, did these people in the chat that are mad at you about, I'm sorry, please. Forgive me. That's all I can say. Right. All right. Y'all it was great week this week, Friday. Hope everyone has a great weekend. We will be back on Monday, um, you know, email [email protected], questions, comments, and concerns.

Even if it's just to say, Hey, Spencer, we don't like your decision making, but Hey, um, otherwise. Have a great weekend, everyone, peace and love from zinger nation. We will see y'all on Monday. Did you know nearly all stock price changes of 10% or more result from a single news headline? That's right. News headlines have a unique ability to drive stock prices up or down.

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