Benzinga LIVE

Episode Summary:

• Elon Musk Sells $5 Billion of Tesla Shares
• $500 Shiba Inu Giveaway

Guests:

Ben Rabizadeh StoryTrading 10:00

Vivi Biotech Queen https://twitter.com/Biotech_SD 24:00

Zandy Forbes, Ph.D. President & CEO of MeiraGTx (NASDAQ: MGTX) 41:00

Ronen Samuel, CEO of Kornit (KRNT) 55:00

Scott Mathis, CEO and Chariman of Guacho Holdings $VINO 70:00

Renato Capelj, Benzinga, Physik Invest 110:00

https://physikinvest.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

we got a lot of guests today. Here's that's what I said. Here's what we got. We got Ben from story trading in like eight minutes. We've got Vivi biotech, uh, or the Bio-Queen at, uh, 1215. We've got Zandi Forbes from Mira GTX. She's a presidency yet.

We're talking gene editing at 1230. We got Ronan Senor from Coronet digital we're talking, uh, fashion and the fashion supply chain at 1245. Did I get all that right? As far as timing goes. Yep. We got Scott Mathis from Gaucho holding sicker V I know, uh, at one and that Renato, uh, Capella, he is a Benzinger writer and also does some really, really cool options trading on the side.

Uh, he'll be on the show at one 30. So we got what we got. 1, 2, 3, we got six guests today. We have all that's a lot, frankly. Uh, maybe a few too many, but nonetheless, here we are. So before we get to those guests, uh, we're going to talk about what's what's moving. We're going to talk about, uh, crypto. We're going to do a guest that sharp sediment.

Cause we got some good feedback from that yesterday. So, um, AB where should we start? Um, well, let's start with just looking at the overall market. Spencer. I see Christian in the chat asking who do we have on for a guest today? You just ran through them, but you can also check the description in the YouTube, uh, the YouTube description for the guests for the day.

Um, and shout out to the chat yesterday. We had some good trade ideas thrown out in the chat yesterday. We did, uh, easy Mike was talking about Uber puts. I played those. They were up nicely. Um, and we were talking about playing Disney for a big move on either side. We got talked out of it by our main man, Nick Shaheen.

But yeah, I don't know. Maybe we should have done it. Yeah. I felt bad about that one going and they got talked out of it, but, uh, you know, it was a pretty brutal quarter. So, um, anyway, I don't even know why I look at Disney it's in my never sell portfolio. That's my first mistake is don't look at and stuff and your never sell portfolio.

Otherwise you're just giving yourself anxiety. Rowan DAS pips is saying audio levels. Are we good, Bruce? Or Ron? Are you awake? I'm here. Okay. Oh, he's coming through us through the sky. I did not know that was coming from Terminator. I'm hanging out on the background, like a good idea. Hey, uh, while we figure out those levels, if you all want to do a solid, as DK suggested and hit that like button ladies and gentlemen, we'd appreciate that.

Thank you very much. Um, Hey, what's do a guest, that chart segment. We're going to start doing this every day yesterday. Wasn't it easy one a B I don't even remember what it was. It was D whack. Oh yeah. That was that. That was yours. Full disclosure, I guess the one today. No, because I changed it. Shoot. So beforehand Spencer showed me the guests that chart and I guessed it and he didn't like the fact that I got it so easily.

So he went out and picked a new one. I don't know what it is. I went out and I picked her from, Ooh, this will be a good drawer. And then he gets to like right away. So it's not a firms that don't get that, um, drop your answers on the chat and whoever's right. Uh, email us afterwards and we'll send you some swag.

Um, here is two days chart of the day. This is going back to like February, or actually this is going back to the start of the year. This is going back to the interests of the start of the year. Now I will give you some hints because otherwise it'd be impossible. I feel like, um, in some respects, this is a technology stock in some respects.

Oh man, we can have a winner already. Holy moly. Christian Gallagher. Wait, it was PayPal. This is PayPal. How so are we looking at weekly candles right now? Is this a daily PayPal has gotten beat up over the past month or so it looks like, yes, it has gotten beat up is, is, is, is a nice way of putting it, but yes, Christian Gallagher.

Did anyone yesterday? No, Frendo on yesterday. Christian email us shows app benzinga.com. Hey, why is PayPal down so much? Didn't they just announce a Venmo, Amazon integration. So yeah, you would think that tell me you don't own PayPal or maybe you do and you don't know it. Um, I think in my like real portfolio, the one that I don't manage it's in there scourge.

It's too easy with showing prices. Well, that's an idea. I take the price off ridiculously hard, but we could do that. Should I buy? I like calls on PayPal. No, it's gotta be coming back up at some point, right? That's one way of putting it. Um, you want to throw out like, uh, you know, you want to buy the, the, the, the, the two 80 strikes expiring and like six months.

Really worth looking at. I'm sure it's not very much money. I do think though we have to, um, you know, keep up, like if we start doing obscure biotech stocks, you know, it'd be nearly impossible. So what we'll probably try to stick to, I dunno, S and P 500. Yeah. That's, that's, that's a good plan. Stick to the S and P 500.

So we're going to do this everyday. Christian email us shows up and it's going to come. We will hook you up with some schwag before we go to our first guest AB I seem working backstage. Let's do our first crypto update of the day. Sure. Yeah. So yesterday Bitcoin spiked on the CPI data and then gave up all those gains and more.

Let's take a look today to see how the, the crypto markets are responding to that yesterday. Uh, we, we have a lot of people in the chat that have been asking kind of how are they supposed to be trading crypto right now? So I know you and I, Spencer are in that boat where we're just like adding Ethereum and not really touching it or selling it.

I haven't even added recently. It's been a while for me. I hadn't bought a theorem. I wanted the board. So yesterday, w like I've mentioned, once that CPI data came out, Bitcoin spiked and actually hit brand new, all time highs, um, gave all those gains up is currently trading about $65,000 a coin down 4.8%.

Ethereum is also down, albeit not as much Ethereum currently, right around $4,800. So we talked about that $5,000 level being a big level for Ethereum. I think once we see a theory and finally breakthrough that $5,000 level, we can really see it run. Um, but yeah, everything pretty much in the red, like you can see from this heat map Sheba, he knew though in the green up 5%, um, we're actually going to have a big Shiba Inu guest on the show tomorrow.

Uh, his name is Ross. He was an early investor and also a kind of co-developer of Sheba. So he's someone that I think I can say confidently knows more about Shiba Inu than 99.9% of people in the world. Um, so if you're interested in Sheba or what's next for the coin tune in tomorrow, he'll be on about one 30, uh, Spencer, any thoughts on this crypto heat map?

I I'm trying to get a link right now because we're actually doing a sheep giveaway. I'm trying to get the link for that. I don't have it handy, but we're giving away some free shipping. I hope somebody gets me that link so I can get it to you. Uh, that's my thought, my thought is no. I mean, Bitcoin is an inflation hit crypto isn't inflation, hedge.

Um, I don't quite understand the why it's down like this today, but you don't. All you need to do is look at the reaction to Bitcoin at 8:30 AM. Eastern time yesterday, right? Inflation comes out. It's harder than expected. It's it's more than expected. What does Bitcoin do? It goes up. Mike is saying, Hey, be it.

It's a good play. Definitely go for PayPal options. Um, so I don't know if he's, you know, facetiously saying that he wants to see me lose some money, but I'm looking at him. I'm looking at the calls. Um, but yeah, Spencer, like you mentioned get some free Bitcoin we'll we'll throw that zing token up real quick.

Go to Voyager. You put in a hundred dollars, you get $50 free Bitcoin, if you use the code zing. Uh, so not a bad deal at all. I mean, who doesn't want $50 of free Bitcoin checkout Voyager for that? Use the code zing. Um, all right. Real quick before we get to Ben. Yeah. Yeah. And, and I'm going to post the link to the ship giveaway.

Um, when I, once you find that I find it. Yeah, no problem. Somewhere out there, easy Mick, you might be the guy who knows technicals what they're talking about when it comes to technicals, I'm watching a. Dash, which has been up a lot over the past, I don't know, week or so. Is this, is this, this the kind of subtle head and shoulders forming on the, on the one day chart?

I think we're looking at five minute candles right here. I see one shoulder here. This could be the head, if this is the, the second shoulder, um, you know, could it start falling down or should I be looking at some dash puts, I need someone who knows technicals better than I do to let me know if this is, uh, you know, I'm not a big patterns guy, so I'm not really know, but we have some people out there that are outsourcing.

And I know, I know when I need to listen to someone that knows more than I do. Yeah. Um, Alvin say, and he's looking at Wayfair puts an ADSL. K what's ADSL desk. Autodesk. Yeah, by the way, I just put the link in the chat for the ship giveaway. There it is. There it is. You can't click it on the screen, but it's in the chat.

I'm just throwing up there. So y'all know it is there. All right. Y'all so story train. If you guys have watched a show before you've seen Ben on the show, he gave us a E H R at, I don't know, four bucks, three bucks. What does it now? It's like, I like 20 let's check real quick before he comes on. He'll give us an update on AHR.

Um, it's at $23. So let's see. I mean, it's, it's up. I want to say like at least 200% since he pitched us to us on the show, he's got a couple more stocks. We're going to talk about, uh, Should we bring them on easy MC RSI? Isn't it. If the RSA is 90, isn't that a sign it could come to? I don't know. You, you know, more about technicals than I do.

Let me know. All right. Without further ado, let's go ahead and get Ben

Oh, Ben, what was the, what was the price of AHR when you first came on the calendar? What's up guys? Yeah. When I first came on, the show was around $5, five 40, somewhere that somewhere in the low fives, I believe it was. Yeah. And when we first presented it to our VIP community, when I presented as a trade idea, it was $2 and 74 cents.

What, all the way up to 27. So it was a 10 bagger if you captured that. And I happened to pretty much captured that I was done. I'm handing this from 2 74. I didn't sell my first shares until 16. And then, um, I sold a lot more in the, in the 20 to 25, 26 weeks and maybe even gotten a little bit at 27. So, um, yeah, I've got a few updates for you on, on that.

And a couple other sucks. Yeah. You got a new background. This is the first time we're seeing this. It looks pretty good. Yeah. A lot more work to do. We got to get that our mikes and cameras and everything, but yeah, this is the first time anyone's seen this background. Cool. And you said too, it looks like we did.

It took us far too long, but we eventually got it together. You get a zoom out so Ben can see our beautiful. Oh, wow. That's great, man. Um, all right, Ben, you want to go ahead and get your screen shared and we can go ahead and run through those slides real quick. I know we only got about 10 minutes, so we've got a few I'll work.

I'll be fast. All right, there we go. All right. So yeah, first we got that quick disclaimer, we got to always do that. A story is not investment advisor and missing his spirit is in most gimmick where some losses of you who are new to store trading, what is associate is the practice of understanding market pricing.

We also call that the story behind the trade through the four pillars, which we say are sentiment catalyst, fundamentals, and technicals. That allows us to take a holistic look at markets and make choices based on all of these factors, not just one of them. So air story, trade idea, update. I officially opened that in my community on July 8th of 2 74, I did close it on November 8th of 25, 79.

I still own some shares. Uh, I ended up selling about nine giving 95% of my shares. Um, Monday morning was really the trigger for me and that's because I saw something, the technicals and also the sentiment, which caused me to say, let me, let me lock in these games. And the technicals last Friday was the.

Solid green candle on the chart, you can go look it up the first solid green channel and then tire run-up, which, which means it started the day high and then went down lower throughout the day. And throughout this entire run, it was starting low and going higher throughout the day. I took that to be a reversal sign plus the sentiment, I think when reached peak Eby sentiment for now, for this cycle with, uh, Elon Musk selling shares of Tesla with the Caribbean IPO, with excitement, but Eby infrastructure.

I'm trying to time that sentiment top. So I took my profits. I am keeping about 5% of my shares because it could go much higher still if they get the right contracts in the future. Got it. Um, so it took some money off the table, trim some of your position and air took those profits, never a bad move. Uh, Ben, what else?

I was on your radar today. I wanted to give you an update on side, cause I was on your show. July 26, we presented this at $5 and 70 cents. Uh, this is stuff that's been up 66% since it was initiated in our community. At the time we said, Hey, T-Mobile's come in. End of month in August. It didn't happen then.

But it happened last night. Uh, so a few updates. They have earnings last year. Um, so this T-Mobile deal came three months late, but it's finally here. Now, key, this was announced last night on the conference call only. There's no PR yet. So people who are in the know who are listening to the conference call, they have a big edge getting into the stock right now.

Um, there probably will be a PR at some point in the future, and there's also tremendous traction with their other customers, 18 T and Verizon. Um, there was an upgrade today to $9 and I'm not even sure that Benzinga caught it, that upgrade by the analyst and $9 by lake street. But we think in our community, it can go much higher.

Uh, there's uh, estimates out there in our community saying we can do go up to a dollar 33 DPS by 2024, which would be a $40 price target. So that's the update on SSI. You know, our investigative research worked and we're read about T-Mobile just a few months late. So this company is going to start printing lots of tests going to be a very profitable company.

Do, do you have a target? Um, yeah, no, I don't have to stop losses. God forbid men. No, I do stories yet. I never do stop losses. So I've been holding the stock for like two or three years. I increase in decrease my position around catalysts. So, um, I was buying and after hours last night I bought a lot more today.

It's now my largest position actually. And uh, I'm not going to put a price target. I see how it goes. I, I assess the fundamental sets of metallics and technicals on an ongoing basis to determine. There you have it. Yep. So I do have a new pig that I'll get to in a second. But before that, just a little quick alert, maybe something for you guys to look into and talk about, because this is a big kind of big cap for us.

At $1.5 billion company GoPro. We presented it to our community Sunday night, um, because the fundamentals are super strong. They had earnings last Friday and we have anticipated a technical breakout of the 200 DMA, which just happened this morning. And this is really, it could be a really fun situation, wanted to bring your attention because it has, this has short and gamble, squeeze potential, very high, short position.

He has sense of it has been very, very low, but the financials have completely turned around with this company and they're printing tons of cash. Now you see the technicals broke. The options are very liquid, very cheap. And if it gets into the right hands and the Reddit community, et cetera, this could be a crazy profit potential, you know, with shorten game of squeezes.

So keep your eye on that. But go. So GoPro's up about 9% today on the strong earnings. Um, so I, I mean, I, I don't know, personally, Ben, if I'm going to go in and try to chase GoPro and it's already up 10%, but I, or 9% today, but I definitely like having it on my radar. Uh, J rice in the chat was also talking about GoPro saying that he thinks it could be a long-term turnaround play.

Uh, I don't know. Munis has been one of those stocks that has just been like beaten down over time historically. Um, but you know, at some point I don't think you can ignore the fundamentals or Fridays when I got in added more Monday, uh, I got a little bit messed up on the options than playing the options.

So I actually lost some money. Cause I got scared with the whole inflation thing yesterday, but I'm in it now and yeah, the sense of it's sport, that's the only thing people hate this company, but they're printing cash like crazy. The technicals are turning and shorting, given squeeze potential, such that this, yeah, my all hold back a GoPro has always been that.

I feel like they have a very limited, uh, customer base, you know, it's like who, who who's going out and buying GoPros. It's people that take part in extreme sports, you know, mountain bikers, snowboarders, skiers, et cetera, outside of that. Um, I don't, I don't know how many, you know, everyday people are GoPro customers.

It's absolutely correct. And I'm not, you know, I wouldn't take issue with that, but the amount of earnings they have like 60 million EBITDA this last quarter. And if you compare it with their market cap, I mean, this thing can easily be 17 bucks. Even with that knock against it. Got it. Um, I been, what else is on the radar?

I have a presence. It's my first story. Trade ideas. Since air. I presented this to my VIP community last week. Okay. Listen to the presentation. Don't just jump into buying guys. Okay. Because of what happened with their, every stocks, not air, I can guarantee you, this is not going to go a thousand percent in the next three months, like heritage.

Okay. So that sock is Gaia, ticker symbol, G a I a. All right. So we're going to look at it and yeah, it's a smaller company on the ground, 200 million market cap or so, but you know, what's the story behind the trade. That's what we're trying to figure out. And again, we look at the sentiment, the fundamentals, catalyst and technical.

So let's start with the fundamentals guys, digital video subscription service, like in some ways like, like Netflix, they sell, um, they make original content for yoga, alternative health, holistic healing, nutrition. It's a monthly subscription service. They've been growing steadily over the last many quarters.

They're profitable. Uh, fundamentally I think their inflection really happened to a quarter or two ago when they became profitable. And you can see some of the, uh, the trends here in terms of their, um, their revenue and their EPS, although in the right direction. So in our community, we collaborate with people who are really steeped in fundamentals, just charts, courtesy of Mark Holmes.

He has a risk reward chart here in terms of what is the value of this stock and. You know, it's worth, it could be worth at least $17 a share. And the stock is very cheap here. So, so that's the fundamentals. You can check it out on your own. Go look at the earnings report and you'll be able to verify everything I'm saying about, uh, the growth and the subscriber growth and money they're making written it now.

And it could potentially be, uh, you know, Netflix may buy them out one day. You know, there's, there's a lot of opportunities here. So, um, yeah, catalyst let's go to the next pillar. Uh, in these sorts trading four pillars, they had their earnings just recently, November 1st, it was 20, 20, 20 2% revenue growth, uh, year to date compared to last year Q3 EBITDA of $4 million.

Uh, even a margin of 20% was their fifth straight quarter positive earnings in cashflow. Um, and then they had an additional catalyst the next day. So we'll talk about that catalyst in just a second. What happened the day after earnings, but first let's go to sentiment. So the sentiment is kind of poor with the stock because fundamental investors are frustrated at the price action.

I know a lot of fundamental investors saying this should be worth 17, 20, 25 bucks. Why is it $10? Why is it moving yet? So I listened to other participants. I say, I talked to people in social media. I talked to people in my community. Why aren't you interested in the stock? And this is what I'm hearing.

The total adjustable market may be too small. It may be too niche, their content. We talked about alternative medicine, yoga, meditation, and things like that. So it feels like I'm just not interested. It doesn't seem like a huge part. Other people say, Hey, the content, they have some content that's kind of fringe on their French content.

Like some of that alternative medicine, there might be some videos on, you know, some vaccine hesitancy type stuff or who knows, like some things are it's alternative content, right? So some ESG, uh, buyers, uh, may stay away from that environmental social governance. So that's another knock on the sentiment.

The other knock is this is just slow and steady growth it's and where's the hockey stick potential on that. So just remember, this is the poor sentiment. This is what happened. Going back to the catalyst the next day after earnings, after we know the fundamentals are great, the next day another catalyst hit the other, the catalyst was there was a PR that Demi Lovato became a brand ambassador for.

And there was a press release that a lot of people didn't see a where Demi Lovato says I'm excited to be one of Dias. First celebrity ambassadors, and honor to join a platform. I've been a fan of for some time she has 118 million followers on Instagram. And the market cap is again like 189 million. So this company has been growing slow and steady.

And all of a sudden, they hit you with this news of Demi Lovato is a huge mainstream personality, that and company, I want to go back to this. Airpoints the one thing I saw that the thing about Demi Lovato, uh, in, and I, I guess I didn't realize this was the same company, but like they got a lot of weird shit on their platform.

And that was the sentiment I was talking to. They're saying, oh, there's stuff is weird. I just don't want to own this company. But you know, I think that, you know, they're growing steadily, they're getting to a place where they can really focus on growth now, and to me, and let me go back to that bad point.

You just made that pinpoint. You brought it up for me, right? Yeah. They have weird stuff. It's too niche. The French content. They keep some buyers away. But this is where I think that Demi Lovato news is really significant because they're in a financial position now to really grow the company. And to me, this signals.

And in fact, in that PR said, I'm excited to be one of guys. First celebrity ambassador, And I have a feeling this company is going to start growing their content and start getting into more mainstream content. And based on what you're saying, I think they may be looking for more celebrity ambassadors.

And it's just a great situation because the downside is so limited. You have a fundamental floor here and now you have optionality upside. If the company starts doing things to get that hockey stick growth potential. And that's why I really add it to my position here. And I'm very excited for the next several months on this stuff.

Um, let me just go to the last or technical resulted with her awesome technician Rex. And this is a monthly chart is saying, uh, this can go to the twelves if it breaks out of the yellow.here, which thought is that shorter than I think the current breakout circled right there. It's got a breakout of, I guess, 10 70 area.

He thinks it can go to 12 for the month. And here's another view which looks much more bullish. This is a long view of the monthly chart is a sometime in the future. When the 12 to 13 breakout at the blue line, it should proceed to break out the all-time trend at the white line. And he thinks this is a several month play for that to happen, but you can kind of see where this can go.

Uh, if that happens. Uh, any questions on that or any of the other stops, man? I didn't see this one coming. I didn't realize this. I read about this company and I was like, man, I didn't even realize they were a public company until you came on here. So, um, I'm all I'm putting two and two together here. Uh, Ben, thank you as always for coming on the show, we appreciate it and uh, and have a good rest of your day.

Please follow us on YouTube. Thank you guys. Thanks a lot, Dan. We got to get moving. We got our next guest. She's already here. We're going to talk biotech guys. I know that we, we always get asked. We always get questions like when's Vivian. When's Vivian. When well she's on right now. Not right now. She'll be on in like five seconds when we bring her on.

But Vivi Bio-Queen will be joining us every Thursday. At this time, I told you all to save your questions for your bites. The questions for right now, let's bring her on Vivi. How are we doing today? Good. How are you guys? Can you hear me? Well, we hear you. We see you and we have questions. Oh, awesome. And before we do any questions, I think, um, we can do some updates.

I did have a request on Twitter to cover it stock. Um, like at my old good lawyer friend, mellow at Twitter, I, this is out for entertainment purposes. So, uh, is only my opinions are for entertainment, purpose, not a financial advice. So I wanted to, uh, first of all, um, talk to you guys, um, just given up a date, we just had the, uh, ER, on KMP.

H can you guys put that up over there? Yeah, this is a daily chart. Okay. And P H

it's quiet. So, yeah, so we just had the ER and I want to, so when I, when everybody kept asking me, like, what do you, what are you going to do for 'em? What are you going to do for K MPH? My position was this small because he is a, some of the concerns I had. I spoke to the manager and he interviewed me. And, uh, he said, you know, we're not going to put any reps in New York yet.

And it's just going to be certain regions in the United States. And for me, it showed a little bit of a weakness because for me, if you launching a drug, you should have put reps all over the map. But I think they're just trying to be cautious. So they report around like, I think 2 million in revenue, but here's what I'm bullish.

Now. They just launched the rest of the Salesforce. And this company here, you know, their burn rate is really, really small because Korean is doing all the selling. So the burn rates is like a million a quarter and they have a, still have 135 million. And he is what I'm bullish of. Um, there's a company that sells a scripts and there's a guy that, uh, his friend works for this company and feeds him all the script.

So for you guys to have an idea, right, the, the feedback has been amazing. So July, they had a nine scripts for the monthly and then August, they had 173 scripts, um, September 416, October 886, still low because there were not out throughout the nation. But I think the feedback has been tremendous from psychiatrist, from the drug and the differentiator.

And I feel like as they deploy, uh, the other sales reps, we going to just ramp up the sales. So I feel like at this moment, I wanted to add a little bit more to my position because I, I see the future being very bright here, KMBH. And I think that, um, we got

not yet. Not yet. I, I should have now I have an, I am waiting for some of my swings to flourish, so I haven't been able to, to add, but I wanted to for sure. Okay. And then I want it to put you guys out. Somebody asking me to, uh, to, uh, cover a, uh, a N N S. Hmm. Okay. Now I want I'm familiar with, but it is biotech.

So it's a biotech it's under the radar. So I wanted to explain to you guys some of the reasons how I invest in biotech, and I told you guys, if there's no commercial products, there's, there's got the most important thing you can look at is cash, right? Because if you don't have a cash, no product, are they going to burn too much?

And they also gonna have a, to do offerings. And if the stock is low, they do reverse the split. So the first thing I do is to look what was the cash burn and how much cash they have left in a would the future and what the catalysts are going to be. So this company here, the first thing that got me to, to look at it was they have a $271 million in cash.

So they're really the city really strong. So I thought that was a really, really, uh, um, uh, valid, uh, information, very important. Then I look at a financial institution on. EVestment, which is a goblin, was the director of FDA is a partner on their firm. So they own 2.5 million shares. So I thought that was another very important information because goblet is well connected to FDA.

Not that you know, it nobody's going to be bought out, but when you have investors that work with FDA, they know what it takes to, to be compliant, to get a drug approved, right. Because it's just so much behind to get a drug approved. So manufacturing, you know, how the studies are designed. So I like the fact that there's Nia investment behind.

And then I also know VOD is, oh, 2.1 million. So Novartis has some interested and, and the pipeline, it looks really, really amazing is all CNS, um, uh, and mass. Um, they're going to have, uh, Gilliam Barre syndrome, which is a very rare disease. So I really like this company. I really do. I, I'm not, uh, obviously I can't be in every single stock.

Uh, but I, I, I, I think this is a really good a long-term, uh, stock to hold for sure. So that would be one. And then if you can, um, bring back, uh, pro GPRO G we have a lot of fans PRG. It's like almost like a min stock, but also a really good stock to hold long and, um, really. Yes. Yes. So, so what, what do you see that the market doesn't see, um, what I see that the market doesn't see.

Um, I will tell you why this company is going to be huge. They have a two types of, of delivery system. They have a, um, on, I'll tell you guys, they have a two to two technologies and I wanted to bring to you guys, let me see. I can share a screen. Okay. But I have it here right in front of me. So they have two things.

They have the OBDs okay. Which is oral Biotherapeutics delivery system. So what it does is, is able to take big formulations and put in a form of a pill. So for example, Humira is one of the biggest blockbuster drugs in the world. If they found a $10 billion. So you imagine if Abby, I think Abby is a Humira honor.

If, imagine if Humira is loses patterns and five years, right. And all of a sudden, because doctors love the efficacy of this drug, and that's why it's so well prescribed. Right? But it's an injection. Imagine for this company sell their technology. And all of a sudden you can have a drug, like a Humira being, um, given orally, all of a sudden you create a whole new patent for that drug.

Do you follow me? Because a different formulation. So all of a sudden you gaining another 15, 20 years. I have a patent on that drug. Now imagine how many pharmaceutical companies would have be jumping all over because they like, geez, I have this, this drug that's high formulation. And now I have a, I would love this drug to be an oral form because patients do prefer to be an oral form.

So I see, um, they announced that they have three partnerships with the big pharma, but they have announced who, so everyone is kind of on a suspense, like who are going to be the big pharma. So they have, uh, right now with the Pfizer there, just to have an idea, they, the not only the delivery, the delivery system does this to the big formulation, but also one of the drugs of four in any boat to the second one, the oral bio biotherapeutic delivery system.

The OBDs, what it does is it's designed it to, to, um, to take it a pill and the pill, the way this delivers it, doesn't go all over your bloodstream. So it's it's for the GI tract. So is GI specific drugs and there's one. For for, for, uh, uh, Pfizer they're there. The preclinical, what they found was not only that, that would their delivery system, that drug was 25 times more potent than the Pfizer drug, but had a no toxicity because it doesn't go to the bloodstream.

Like the other drugs would go. So you have a less toxicity, less, less side effects. So imagine what they can do if they already doing this with Pfizer drug, they're studying the Humira. Imagine like for me, this drug should have just literally like get royalties for every farmer, choose the technology instead of it being bought out.

Right? So I believe this, the future of this company is super, super bright. Uh, you know, it's heavily shorted. So I think that a lot of people are here for the, the, the, the gum is squeezed because if you look at the amount of, of, uh, of, uh, options, that the options chain is crazy, uh, for this, for this company.

But I, I will, like, I have a big position because I wanted to, you know, to trade around my core, but it's some, it's a company that I wanted to keep it. And, um, and a long term, uh, option, because I feel this company is going to be huge. So they just appointed also geo hall, believe it or not do, how do you, how, um, she's in a board of directors and this woman, it's like a powerhouse in biotech, a friend of my work.

As so maximum, so messenger gas sold. So she comes in with a lot of experience in pharma and a lot experience in acquisition. So, uh, the team is fabulous. They are four miles away from my house. I should have just bring them a bottle of champagne when we hit $10. But I believe in this company, this company has a bright future and that, um, right now there's a lot of people on it, you know, waiting for that short squeeze.

But, uh, it's been keeping really it's being holding like it dipped to, to like 2, 3 0 3 today and it went right back up. So it's been keeping, you know, I think the short sellers were expecting after der cause you know, there's, you know, a yard for a state, uh, initial stages of biotech doesn't produce revenues.

Right? So it, it dipped to fund 360 2 all the way to three, but it's been holding for weeks at that average. So people are not selling people believe in this company for sure. Uh, can I ask you, what do you, what do you get, do you have any favorites in the, in the gene therapy space? I do. I, um, I, uh, I, I'm a loan holder for ADP and they have the, uh, it's one of the car T therapies, but it's not the car T is the RTC, uh, ADP.

And, uh, the reason I like this company is, uh, not only they have a partnership with Genentech, uh, the Genentech partnership is up to three. And, uh, they already have enough funny from Genentech cause they got, they gave them a prompt payment payment. They have funded into 2024. So I feel like this is a very safe play in regards to not having offerings and that they are sitting with 285 million in the bank and they do have, uh, some, um, some, uh, catalyst coming.

And, uh, I, I believe this company will be a multibagger on day, you know? Uh, so it's one of those that you set and forget it, but I like the position of cash because it gives me the comfort that they're not going to be throwing in offerings after a big catalyst. You know, they, they have they're in a really strong position.

And when you look at, uh, um, institutional ownership matrix, all 15 million shares of this company, baker brothers owned 18 million, the institutional ownership. It's so strong in this company. And obviously Jen at that has a huge, huge portion of the company and has their eyes on the company. So, uh, this, this is a big one for me.

I got to ask you about, about BCR X here. That's the rule. Every week we got to talk about BCR ex of course, it's this year access to my unicorn. You guys, for sure. So, um, it's, it's funny. I held this space as on Twitter yesterday, and I was talking to a pharm D you know, I do respect, they have a lot more knowledge than me, you know, uh, in terms of a clinical.

And he validates my position on the CRX and GRTs, which is great stone. And he says to me, you know, be CRX is, is a rare diseases monster in the making. So they, um, they just released the earnings. They put 38 million for the quarter, and people, BU people were really upset that it wasn't 7 million like this huge numbers, but for the mentally long-term, it's still there, right.

Because the science hasn't changed. So I see this as an amazing opportunity, uh, if you're not in the CRX, but, uh, just, you guys have an idea. Uh, the biggest drug for, um, for Alex yawn is, uh, Alto Morris. And they are not even that good because it's not only an infusions for PNH, but patients still need transfusion, uh, taking this infusion every eight weeks.

Uh, BCRA X has the competitor, which is going to be an oral oral, uh, competitor factor D and not only patients that have been on this study up to now, not only they jumped from phase one to phase three, because they did so. Patients to this date. I think there's 40 weeks, 30 weeks of, could it be this fusion to this date?

So imagine having a drug that is, it's already a rare disease for PNH and patients only at the choice on the available is in Jackie, no infusions. And you still have to go through the transfusions. Imagine having an oral pill that you don't have to have a transfusion at all. So just make them do the math and Alex, the on 70% of its revenue, 70 was on PNH for this drug and they got bought out for $39 billion that would have put the CRX at a $230 a share.

And B CRX has a better pipeline with a more potential and it's going to be all oral. So you guys do the math, if you don't think this is a monster in the making. Alright, Vivi the bio queen, she joins his every single Thursday at biotech. Underscore SD is for Twitter handle it's up on the screen. And uh, and then please.

Yeah, please, if you, I will post my DD there because this is a very short, so you guys searched the bioclean on Twitter and you can find me all right. Thanks a lot. Viva, talk to you again next week, next week. All right. Uh, Hey, let's stick with biotech for a second here because our next guest is the CEO of a gene editor.

Company, hence why I asked to VV about that one to get her thoughts. So, uh, if we can, let's go ahead and, uh, and, and, uh, bring her on guys. Andy Ford. She's the president CEO of Mira GTX. His company is a lot going on right now. They're at a very critical point. So let's get Zandy on

um, Ford,

by the way. Yes. Thank you. Thank you. Where we're actually, it's on our to-do list to get new music, but, um, thank you for, for, for the compliment. Uh, so as I said, it's a pretty critical time for, for mirror DGX. Uh, you guys just presented at, uh, uh, the virtual, uh, oh gosh, uh, the European society of gene and cell therapy Congress, right?

Uh, yes, we did add three abstracts. Yes. Right. And then there's a, we're due for another, a little bit surprised when I found out you're on the calendar. Cause I thought you guys, you have another, uh, presentation coming up in a few weeks. I, I, I think I believe right. We do. So we have, um, quite a number of presentations in the second half of this year, uh, which included, uh, some presentations at the meeting.

You just mentioned on our programs and our switch that allows you to switch gene therapies on and off with a pale. Um, related to what video was just talking about, actually, that's what I do want to talk about. I'm sorry about, and then, uh, at the beginning of December, we, uh, having a clinical update on our xerostomia program for patients who've been cured of had a neck cancer, but don't make saliva.

So we'll be completing that study this year and we'll be updating on the clinical progress so far at the beginning of December. And then a couple of weeks later in mid December, we're having a science day to discuss in some more detail, uh, Ribas switch technology and our promoter platforms, which allow us to really optimize gene therapy.

And for the first time switched gene therapies on and off with an oral drug and not just switched them on and off, but quite precisely dose the amount of gene therapy at a particular time with a dose of an oral pill. So let's talk about the switching via via pill. Yes, exactly how that. So obviously gene therapies are a virus which contain a gene and there's a coding sequence of the gene, which will make your protein, whether it's Epogen for example, or whatever, uh, gene therapy, it might be RPG or for the eye.

And that gene is activated by a promoter, a regulatory sequence at the beginning of the gene. So that's the normal gene therapy promoter and a gene, the promoter switches the gene on, and it remains on for the rest of that patient's life, all that sells life. So you have persistently expressed gene therapy, but what we've been able to do for the first time is we do everything.

I've just told you with the promoter that regulates the gene therapy and switches it on. But on top of that, we put into the gene sequence, a small sequence of DNA, which instructs the entire RNA produced from that gene to degrade. However, if we give a small molecule, but via pill, and we've got many small molecules, because we've developed this as a platform, it stops that degradation.

It cuts the entire degrading sequence out of the gene. Produced RNA and you'd get the gene switched on as if it was never there. So for the first time we can deliver gene therapies, which are not on, so they're not producing weird proteins or bits of proteins. And we give a pill and bomb that I'll call it.

The degrading signal is cut out of the RNA and you get a perfectly normal protein product.

I guess I have so many questions. I don't even know where to, I like that all sounds incredibly complicated. Um, I guess, uh, how can you make sure that it works? So it's, we've when we set up the company, this was one of the technologies that we, um, we wanted to build and these switches made of RNA shape.

There are thousands of them and bacteria. And for, for decades, people have tried to take bacterial switches and make them work in human cells. And rather than doing that, which hasn't worked very well. We built, we use the theory of Reiber switches and we built based by base our own switch. So we built it in mammalian cells.

We then tested many switches and we have a platform of switches we can control. We were able to make these really simple switches, which switched on and off to high dynamic range. So 5,000 fold above the off level when they're switched on. And as a consequence of that, we were then able to change the drug that we activated with.

So now we have multiple genes that we've put our switches in sitting in our freezers. So, uh, various antibody, PCSK nine antibody. You'll be aware of, uh, PD, one antibody, the, the very large drugs we can regulate. And then other drugs like GLP one, obviously a diabetes and obesity drug, which we can regulate.

So we've got those genes and we can now put them into vivo in mice and NH PS, and we give those animals small molecules and we've already shown. Based specifically on the dose of the small molecule, we see our drug switched on to exactly the right level in each animal, depending on the dose of the small molecule you give.

So we have built this over the last five years and we have moved from cells to mice, to non-human primates. And we're currently in a position to start doing I N I N D enabling studies for both the small molecule, all drugs and the genes that they regulate. Uh, and then as far as use cases, I know you're working on, um, you know, you're working on applying this, um, to, uh, I disorders, right.

Uh, but is that the only use case right now? Tell us about the other one. No. So, um, we developed this technology of controlling gene therapy with a pill in order to much more broadly open up the space that gene therapy could be used in. So. We do have a lot of expertise in the eye and a partnership with Johnson and Johnson for our rare eye disease programs, but in diseases like wet AMD or dry AMD or uveitis, those large diseases.

These are targets for regulation with our cassette and small molecules. In the case of our wet AMD program, we inhibit VEGF like other companies do. But what we're able to do potentially is when we put that gene that blockades by Jeff into the eye, we can formulate one of our small molecules. That's otherwise oral into eyedrops.

So what we're working on now is turning our small molecules into eyedrops. So we can put a wet AMD drug or uveitis drug into the eye as a gene and switch it on each day with an eyedrop. So the eye is an excellent place to be able to regulate gene therapy with a small molecule, another place, which is really important is in the brain because it's very difficult to get antibodies or biologics across the blood-brain barrier.

But what we're able to do potentially is we have regulated antibodies and we can put the. By an injection into the brain, just a one-time injection within the blood brain barrier. And then all you need is a pill which crosses the blood brain barrier. So it allows us to deliver drugs that really hard to deliver by other routes.

And there are many, many more applications. It, it hugely expands what you can use gene therapy for, because for the first time you can control how much you gave. And at what time, uh, it seems like broadly speaking Zandy, um, gene therapy, like what, like as an investment, it was like super sexy a couple of years ago.

Right. And then it sort of, it was super hot and then came down a little bit and was like, oh, wait a minute. This is still really days. Where, where are we now? Are we like back to, is gene therapy being like the hot, the hottest topic in biotech? Or, or are we still sort of, is it like the off cycle? I dunno how else to phrase it?

W well, I think there are, there are many different gene therapy companies and there is cell therapy companies. There are very, very large number of, of, uh, therapies in the genetic medicine space. And, um, and there are some companies that just have a product or a platform or a particular organ that they focus on and that.

Is a somewhat higher risk to those companies that depend on data around a particular study, right? What is quite different about mirror is that we established the company to really innovate in gene therapy and shows indications in the clinic that had good proof of concept and highly likely to work and to support a future pipeline.

We built everything you need to be a gene therapy company in-house so we have multiple promoter platforms, multiple capsid discovery efforts. We have our own internal manufacturing, which is probably the broadest engine therapy today in that we manufacture our own GMP plasmid. We have two, uh, viral vector manufacturing facilities, which are flexible and scalable to commercial scale.

And we do our own QC and analytics as well as potency assays. So we have a very, very broad, I suppose, toolkit that's required for anything. That you need to do in gene therapy and went out, positioned with this regulation ability with a deep pipeline of regulated genes that we can then take through to the clinic with our vector ecology and our own GMP manufacturing,

not of the regulatory by putting all that in house. I was just gonna ask, as, as we get more developed in this space, like Spencer said, it seems like a couple of years ago, you know, that the gene editing space was huge for investors. Uh, what advice would you give investors that are looking at different, uh, you know, genomics companies to, to be able to discern which ones are going to have an advantage in the, in the field once the industry does become more hot among investors?

Again, I do think that right now, manufacturing is not just a bottleneck with respect to capacity, but, um, Dealing with regulatory agencies globally and an expertise in manufacturing process. And, uh, and the assets required to show the release and stability of your products is very, very important. And to be able to either have that, to have as much of that as possible in house dearest clinical programs that you'll see, particularly if you have those sorts of capabilities at the time of D you really don't want to see companies that are starting manufacturing their product in one way.

And then at phase two, switched to another way and then have to scale it later. Ideally, you would look for companies that have capabilities that allow them not to necessarily rely on CRS for plasmid manufacturing or in DQC. And we learned that over the last five years, it's one of the reasons we've bought, uh, so many of these capabilities in house, but I do think that's very important.

Um, in addition to obviously, you know, do the targets work or is this, is this an appropriate, um, disease for gene therapy, the nuts and bolts of being able to produce and show the agencies that you've produced the right thing, a really important. Zanni Forbes is the presidency of Mira GTX. As I mentioned, there's a lot going on.

You guys also got some positive in Canberrans over the weekend and, uh, uh, a lot of presentations after being in stealth mode for quite some time. So, uh, looking forward to seeing how things develop here and, uh, and, and, and good luck going forward. Thanks a lot for coming on today. Thank you so much. All right.

Hey, w we got to keep the train running on time here. We've got so many guests today, back to back to back to back let's pivot. If we can, maybe we just spent the last half hour or so talking biotech, uh, let's pivot to like supply chain, specifically, uh, supply chain of textiles, right fashion. And what exactly is going on there?

What to find out? We're going to bring on our next guest here in just a second and running Samuel. He is the CEO of a cornea technology, and, uh, let's bring coordinates and a Ronan. W that's been running on this show. Now, if we can guys, I guess I'm Spencer, I guess I'm doing that. All right. I got you right.

There you go. Good morning for us this afternoon for you it's later on in the evening. So I appreciate you, uh, coming on, uh, the, the, uh, the show here today. So, uh, let's talk about textile supply chains, right? Uh, what exactly is going on there right now are things as bad there as they are in other areas of the.

Well, um, yeah, it's bad. And it has to change the supply chain is broken, but even more than that textile industry and fashion industry in particular is the second most polluted industry in the world. Um, from different reasons. One of the reason is that 30% of whatever put use on textile is actually never been sought.

Uh, and this create a huge amount of waste, both of materials and water, and we have to save the world. Um, uh, so we have to change the industry. Now, the reason for that is some of it is because the supply chain of today doesn't meet or doesn't fit the need of the consumer of today. The supply chain of the textile industry is like centuries ago, you produce in large quantities in forest, in China, in Magilla dish, you trying to forecast what the consumer, what the people would like to buy a year in advance, sometimes 18 months in advance, which is impossible.

It's crazy to think that you can predict what the consumer today would like to wear in a year and a half from now. So we have to change it. The world move to digital in many, many industries. And in this industry is still fully. Yeah, I'm glad you brought up the, uh, you know, the environmental impact of the textile industry, because that's something that's gained a lot of attention over the past year or so.

I mean, you have a quote unquote fast fashion companies, such as sheen and people have kind of started attacking the, the idea that, oh, buying, you know, a cheap t-shirt for $15 or some pants for $15 that you see an ad for an Instagram, uh, causes a lot of environmental distress. So what do you think needs to be done in the industry to address that?

So they, this would need to change in order to try to predict what the consumer would like to buy and put, use Lauder moms of products, which will never been sold is to produce, to demand, to produce after the consumer.

But that's not efficient. I mean, it you're saying it is, but that's not a necessarily inefficient use of capital though, right? No, no. It's, it's actually a very, very efficient, um, hold on, explain to me, explain to me, yeah, let's begin with, first of all, what we see that production is really moving on shore.

Why it's moving on shore, not only because the, the, the supply chain is broken because you have to be closer to the consumer. You have to react fast for the consumer trends. Now, the world of fashion and textile move is moving online today. 30% of all purchases being done online. So e-commerce the focus by 2025, that it will be more than 60%.

Now, the online the e-commerce of today is still trying to sell you what they have in the inventory or what they have in the shops, in the stores. Uh, and if you going to order products, sometimes it does not exist at all. Um, and uh, sometimes, um, for the brands is really, really difficult to. Okay. Can you hear me okay?

Yeah, we, we, you we're fine. We just got disconnected, but we're back. Okay. So, so I missed everything you just said. Okay. Okay. So let me try to explain again. So the world is moving digital. What does it mean? The consumer today's buying? So e-commerce online. 30% of all sales is being done online and the focus by 2025, that it will be 60%, but the online is today's actually a mirror of the store.

Doesn't allow you to choose your product. They're trying to sell you what they have in inventory, which doesn't fit what this consumer would like, what we believe needs to be done, that the online should be filterable. You shouldn't have any real physical products. You can have endless amount of product virtually and connect the virtual wall to the physical world.

And this is exactly what committee's doing is enabling on demand, production. You order what you want only. Then you produce it. You produce it close to the consumer. Onshore and delivering, you know, the same day on the next day to the consumer, the product, I feel like this is I'm in now. It sounds great. I think that, but that's like, that's more difficult, right?

Well, I give it a few examples. Well, one example, great example. Thinking about the books book markets, um, back at 25 years ago was fully analog. You went to a bookshop, you tried to buy a book. You only have them, the shelf, the books that we're selling in millions of copies, Amazon disrupt this market. They created a digital world.

You could go to Amazon buy any type of book, even from 200 years ago. But what they create is actually much more, the impact was much more than that because now everybody can become a writer. You can write a book about your family, about cooking, about anything you like, you publish it. Virtually doesn't cost you anything.

Only when someone is ordering, then you print it and send it to the consumer. So the same thing is happening now in the fashion world, you don't need to have it physically. You actually unleashing creativity because you can have endless creativity and each one of the consumer can choose whatever they want in any Colleen, any design.

And once you choose it only, then you produce. So this is efficient and there is no way. And you produce it using coordinate technology, which is a fully sustainable green technology. That was my next question was just if you to clarify that, so I come up here like Amazon, for example, uh, could have used your technology, right.

Or, or any retailer, right? Could just buy your technology and, and use that along their supply chain to make it more and more green, more efficient. Right? Actually, Amazon is our biggest customers. Okay. Amazon is our biggest customer, but we have many, many more customer. We are worth more than 1000, 300 customers that using our technology all over the world.

Some of them very big companies like Amazon, like Adidas, like fanatics, but using our technology. And you can go online and order products and customize the product and order your t-shirt here. You can see with coordinate on top of that or on any color, any size, any shape. And this is the new world. Look what the world is moving into.

What is moving into metaverse. So metaverse is everything is virtual. You will have. Your image in the metaverse. Yeah. You will be able to dress it as you wish with any, any type of, of, of goods. Uh, and only when you feel that you lack it, then you order it and then it would connect it to the physical world, which will be big produce next to you.

If you are in New York, it will produce in New York. If you are in Beijing, will be produced in Virgin and shipped to you the same day. So the impact on the environment in terms of sustainability is huge and their efficiencies and believable, and the creativity is unleashing the creativity for the designers and for the brands.

W why is no one else doing this? Or are they well, uh, there are some, uh, companies, our customers that using our technologies like Amazon are doing it. If you go to Amazon and you're doing what you're doing, right. That's what I meant because, well, we are kind of unique festival in terms of the physical world.

We out technology, what we have developed is systems Inc services that is all sustainable, which are digital systems that can produce one off. If you want it to produce a t-shirt or any, any government or any fabric in the, in, in the past using analog technology, you had to print where to produce hundreds of meters in order that it will be economical and.

The sustainability impact is huge. Um, there's a lot of pollution and consumption of water for every meter without technology, because it's digital, you are not limited. You can print one t-shirt, you can print one meter, one fit, there's no limitation and every feed can be different design. So this is the advantage of digital is unleashing the limitations that you had before, and we are not using water.

So there's no, there's no water consumption. It's pigment ink. So it's fully green. So no impact on the environment. So like who couldn't use corny Amazon obviously, but they're the largest retailer in the world could, could, could I use it on my online Shopify store that make, that sells? I dunno, 10 shirts a year.

Exactly the point it's off form. The biggest retailers, biggest e-commerce biggest brands like Adidas, Nike. They of course can use it to anyone, any consumer that would like to open a shop in Shopify. Now, what is the problem with Shopify? If you are now at this time? And you see somewhere in India and you would like to, to sell your product.

You open the shop in Shopify in five minutes, you put your design, what is the problem? Once you get the order, what are you going to do with it? How are you going to produce it? Are you going to ship it out? We can compete against other marketplaces. What call Nita Naples is to connect all those and marketplaces all those designers in to a network of fulfiller that can fulfill for them.

So you need to take care of only on the design, open a shop, and then connected to Coney ticks. And kinetics is a platform that connect them to a network or fulfiller that using our technology and can produce it anywhere around the world. And it sounds good. The market clearly likes it. Cause if you, if you look at your stock, it's had a pretty tremendous run actually, even, even last year, uh, seemed to, uh, COVID, didn't seem to hold it down too long.

So, uh, the market agrees with you. Uh, so I, I guess keep doing what you're doing. Uh, running Samuel was the CEO of, uh, coordinate, uh, digital. Uh, we will have to get you back on the show. Uh, hopefully, uh, now maybe next year when, when the supply chain starts to work itself out a little bit, but I, I I'm, I'm very curious about this space because, uh, you're, you're one of the best performing stocks, uh, I think out there probably right now.

So, uh, Ronan, thank you so much for coming on the show today. Thank you very much. Pleasure being here. All right. Uh, it is, uh, 1259. We've got our next guest coming on in couple minutes. Whenever minute when it, whenever they join, to be honest, cause they're not even here yet, but that's okay. Uh, Scott Mathis is the CEO and chairman of Gacha holdings, ticker V I N L a.

And then we have, I'm very excited for our one to 30 guests, but we're not a Capels from Benzinga and, uh, really Benzinga is, is a side it's his side gig. His main gig is, uh, is doing really complex. Trading stuff, strategies. So, uh, I'm, I'm very, I'm very much looking forward to that, uh, in a half hour. Uh, if we can think of who executive though, and I have not grabbed, voted for likes yet this hour as we enter our two of our show keyword yet, uh, if you could be so kind and hit that thumbs up button on your screen, I'm not sure where we're at on the light counter right now.

Let's look, we're at the de come on computer 74, 75. We can do better than that. We do over a hundred easy, easy. The goal for the goal for the day is 200, but we can get you a hundred right now. I suspect. Yeah. So before we get to Scott Mathis with a wild show holdings, um, the, uh, the previous guest, I liked that idea of cause basically what he's saying is that companies now are producing clothes for a year down the line, right?

But they don't know what's going to be hot on Instagram and Tik TOK and what the trends are going to be efficient. It's not efficient. So what, what he's saying they're doing is waiting and basically it's print on demand, but on a huge scale, like what Shelly was talking about in the chat with the economies of scale, they're able to produce, uh, the goods for cheaper when they're doing it on a large scale.

If everyone, if they're, if their technology is able to kind of shift that whole industry, it would have a tremendous impact on, uh, the environmental right now, the negative environmental impact that the textile industry has. Another fun fact. Spencer, did you know this, that a lot of luxury brands, um, such as, you know, Gucci, Louis Vuitton, do you know what they do with their extra extra goods?

No, I don't want to say something that's politically incorrect, but I know I have no idea. What could, what would the, I don't know. They, they, they, they give it the, give it to animals. I don't know. I don't know. Um, no, they, they gather all their unsold shipper to Africa. No, they gather all their unsold bags, you know, unsold Gucci purses and burn them all really to keep them, which if you can imagine the supply down.

Yeah. If you can imagine the environmental impact of that, like everything that goes into producing these bags and then they just burn thousands of dollars of merchandise. So I don't know. I mean, out of all the things that we talk about when it comes to environmental, that's one, that's getting a lot more attention now that the textile industry, um, so I really enjoyed having him on, but Spencer, without further ado, let's go ahead and get to our next interview.

Uh, yeah, math is as, as I mentioned here just a moment ago, uh, joining us now, he'll be the, he's the CEO of, um, uh, Gaucho, ticker V I N O let's get, let's get him on the show. And for Kevin, you know, we're going to be talking to. Hey, Scott, how's it going? Not very good week. Thank you. Uh, okay. Um, Scott, thanks.

Thanks for coming on today. Let's start with this. We're talking Gatchell holdings. Uh, you've been on this show before, um, we're talking to real estate, right? W w w w we're talking, uh, um, luxury. How do I put this? The luxury category? Um, give us an update on di category right now, how I got to say this business could not be better.

Um, you know, COVID had had a hugely negative effect in a lot of the operations, but coming out of that, um, our, our business actually is performing at the best it's performed, um, since really inception. So it couldn't be prouder than that. Um, and basically all of our, all of our operating all of our operating units, not to say all, but very close to all of our operating units, um, are still Gaucho fashion.

We're opening up the store here in Miami, in February, kind of hopefully, uh, corresponding with Valentine's day. That's the, that's where we're looking at from that perspective. Um, but the real estate sales have continued. Move forward. As we had mentioned some months ago in Argentina, which we're truly excited about.

Um, we're looking at bringing in a, a five star, uh, flight hotel flag. Um, so we are, we're working with different companies, nothing to announce at this point yet, but that I think would both increase the value of the properties that we have. And in our Mendosa properties, 4,138 acres of continuous new vineyard real estate with golf, with dentists, riding trails.

And so on throughout that, that would not only increase the value. I think of the, of the properties will also, I think have a huge positive potential on increasing the sales. Um, we're working now with a, a master plan architect design team. Um, [email protected] edsa.com and they're doing the full master plan, uh, redo of what we have really taking us to a complete nother level.

Um, they've done as far as four seasons, they've done, uh, Fritz Carlton's, they've done major projects around the world from Dubai to Europe. I think they even did the Kennedy center in Washington, DC. So this is just next level stuff from, for our company. That's, we're certainly proud to be, uh, you know, working with ETSA.

We're proud to be working with our potential hotel partners. Of course nothing's done until it's done, but we are, we're moving positively forward in that direction. Um, Argentina is, as a matter of fact, you know, had one of the most. Um, times during COVID, um, lack of lack of vaccinations, everything was closed down.

It was really at one point, I think Bloomberg rated it as well as the, as one of 50 of the worst countries to deal with COVID Argentina was, was the worst. I think they're at like 9 46 right now. So not much better, but on the good side of that, they've opened up the country again, they're probably four to six months behind the U S and, and making that COVID, you know, curve, if you would.

And they opened up the country again on November 1st. So I'm taking my first trip down there with a, with a group on November 29th of this year. So we're excited about that. Things are starting to move again. Tourism is, I think it's going to boom in Argentina. Um, you've had a horrible situation for the local people, which is a devaluation of the peso.

Since we've got to Argentina, the, you know, the patient was three pesos to one us dollars today on the unofficial the blue market, which is really the, the, the market that everybody trades that is roughly 200 pesos to the dollar. We've experienced and we've survived a 99% devaluation of the Argentine peso.

So it's helped us a lot in the operating expenses, helping, you know, our goal now is to produce in pesos selling us dollars. I mean, we literally went through a great depression of sorts. Imagine if any other countries, the us dollar declined 99% in value over a period of time, what other companies would have had to endure what we endured it.

And we're at the other end of the spectrum right now. Um, the company, like I said, from our smaller IPO, we did last year, um, with the button, we're certainly primed, we're in a, we're in a good cash position. Um, we've, we've taken our first cryptocurrency sale in our log in and we're excited about the future.

Yeah, Scott, the reason I asked about businesses, cause I like I look at, at Gaucho, uh, as a reopening play. Right. And I, I'm just wondering what you've seen. Like you said, the business has been great, but, um, you know, I, I, I'm just wondering if you can dive a little bit more into that and, and obviously everything was shut down last year, but things have reopened now for awhile.

Uh, has, has demand, has, has, has, uh, activity fully come back to where it was pre COVID or is there still a little bit ways to go? No, no, no, not even close the activity into Argentina itself is just very, it's just at the very beginning stages. So it's really a, a reopening opportunity. But what has happened, I think over the course of the last quarter, Is that our lot sales.

And I mentioned this back in July, I think of last year, a lot sales have started to trickle up a little bit. And I think that has a lot to do with one as hiring ETSA, which is a master plan designer. You know, something good is coming out of that. I don't know what that will be yet, but it's something going to be truly exciting on both on a value and hopefully a potential increased lot sales.

So I think people took light at that of taking our whole master plan to another level and our whole value proposition out there to another level. In addition, I think what's helped our lot sales over the last, you know, quarter, which I made public, you know, months ago is that I think the over printing of the treasury here in the U S people are looking for diversification outside the U S dollar people are looking for, you know, hard assets to purchase.

So I think it's a combination of a lot of things that have helped move the needle forward, um, on, on our lot sales and also has helped move the needle forward at the beginning of our first cryptocurrency lot sale as well, which I think in the future is just going to be absolutely incredible. The amount of people that have crypto today that actually can turn that diversify what they've had into hard assets into land.

So from that perspective, Argentina has been shut down. We're at the very beginning of a reopening. It just opened November 1st, but because I think of the inflation here in the us and the over printing of the U S dollars, people are also looking for that outside hard assets, uh, alternative to buy our land or real estate.

And. It's an interesting idea, you know, of Gacha as sort of a hedge away from the U S dollar. Um, I I'm wondering, cause you you've, you've accepted Bitcoin for a while, correct? We have, um, I I'm wondering, like what kind of volume do you guys see to people? It's one thing to accept it, which is great, but people actually pay for stuff in Bitcoin.

I don't know. Well, you know, I think people have to adapt to it, which it was new to us. It's uh, it's, it's something that we have to manage internally. Um, it was actually a fairly easy transaction. It was our first transaction. So let's just where we are. I can't comment on what we have in the pipeline for that, but I can tell you that we just, we did our first and went through flawlessly, was an easy transaction and uh, you know, it took some paperwork and time legally to get through that whole system, but it's working and, uh, let's, let's hope for more.

Um, and I guess my question was like, are, do people use it? Oh, they do. Yes, they do. They do. And I think it's going to become more and more in the future. More, more validated as more people try to get outside the U S dollar and try to get outside of the Euro and different currencies as the fed tries to take more action into looking in, you know, people's bank accounts of what people have on a $600 transaction.

I think all of these things, you know, worry people about the, the, the over use of government looking into everybody's financial affairs. People are looking to protect themselves too, and to protect their monies and diversify into and outside of the U S dollar, which I think is really going to be big for Argentina, not just for us, but with the pace.

So at 200 pesos to the U S dollar, it's going to be one of the most. Um, forwardable elegant classic cities for people to visit. You know, one is areas now on its reopening. It has absolutely everything it's just head on, you know, the very difficult, that's a nice word to say politics. Um, they've been very proficient at shooting it, shooting themselves in the foot for the last 60 to 70 years, but there'll be, that's why the real estate values are where they are and you can get such incredible deal.

So I am, couldn't be more excited. We've had a very difficult last decade of dealing with this massive devaluation, but I think we are primed for the next decade a head and I couldn't be more excited about being an Argentina and two about the word the devaluation of the peso is today. So I guess, I guess you're saying you probably can't get any worse, right?

Well, basically we know the risk in Argentina. The risk is there. It's the risk was the governance. The risk is the devaluation that has already happened. It really couldn't get any better. It's it's 99% of value. How much further do you want it to go? 99.9%. I can deal with the other 0.9%, but we already went through the great depression.

It's now it's reopening it's re-entry at a very, very low point. And in anything you talk about risk and reward. We're already, if we're not at the bottom, we're very, very close to the bottom of everything in Argentina, but you you're not adjusting your heart. And Tina you're also, you've got some exposure to Vegas.

Oh, we do. And we couldn't be happier about that. Actually. We just put out some news about that. We've now invested a total of 7 million us dollars into our biggest partnership, the LVH, which is Las Vegas, you know, holdings, partnership, and we'll be able to in the near future, we anticipate investing 35 million in that particular partnership for a 40% equity play into a this'll be rolling out.

It's just stay tuned. As we can make more announcements as to the exact location who the partners are, the, the, the, the massive size of the, the, the project itself, this project alone, it could be worth a multiple ma many multiples of our current market capitalization today. So I just ask why, why, why, why?

It's just the size of the, of the, of the project we're coming in at an early stage. Now we're not investing 3,500. So hope it gets to 38 million. We're taking a $35 million pet in this particular area because we've got great partners. Um, we've got a great location that we're, we're, we're eyeing right now.

Um, and awesome. All of these things are in the works. It's just unfortunately things that we can't share with the street right now, but we will, as each month, each week goes by, there will be new, more news coming out. Or I ask people to do is, is just read the tea leaves. We put public the news out there.

That's what we can pray we can produce. Um, we were involved, you know, and one of the persons who joined our board of directors, Dale Allen, bill Allen, was the former CEO of blooming brands or Outback steakhouses, lemmings Flemings. And so on. He took that private with two major, a fond Spain and Oak Catterton for $3.9 billion.

You know, having bill join our board was certainly, he's been helping me a lot. I'm I'm learning from him every step of the way. You know, Bill's not leaving a $3.9 billion company to join a company with a $27 million market cap. And that's where we're going to stay. So I just ask people to read the tea leaves.

So bringing in some very high powered new people into the company, um, we've got we've we're in a good financial position, probably the best we've ever been since the, since the beginning of the company, we've got great product lines and partnerships in Las Vegas. We're opening a new Miami store here in, in February.

And Argentina just reopened in our staff. Basically at a, you know, $2 and 95 cents per share and a 26 to $27 million market cap. I think it's absolutely in my own humble opinion. I think there's a huge value play here. I think that, you know, once we, once we're able to in Q1 to go bring that bell on the NASDAQ, because we are traded on the NASDAQ, we've just chosen at this point, not to ring the bell yet until actually COVID is over.

But I think once we ring that bell and we can make a nice announcement to correlate that together, I think that's when some really actually can start in our company shares. We'll get some global exposure because like in gland and real estate, they say location, location, location. When you're on the markets, you've got to have performance, which I think we're going to be able to deliver.

And we're going to have exposure, exposure, exposure. So keep your eye, let's keep your eye on the prize. Stay tuned to Vino. Um, this is not the last year to hear about what we're doing. We could not be more excited. And we just appreciate you guys hearing our story and, uh, we're here doing it every day. Sky Mathis, the CEO of Gatchell holdings, ticker Vinn, Scott.

Thanks a lot for joining the show today. Very much. Appreciate it. Alright. Um, you know, that was great because some people it's, it's like pulling teeth out of them. Right. And Scott, some people are cell phone interviews and. That was one of them. So, um, I, I could have asked more questions probably, but, uh, he just kept where he was on a roll.

Well, I wanted to ask about the wineries in Argentina. It's okay. I wanted to talk some wine, but yeah, I guess you could, I guess you could have asked about the wine, uh, what, like wine inflation, is that what you're asking about? No, we, the, the, the, the, so wine chain, I honestly just don't know the, uh, I see what you did there.

I don't know. So, so as a re you know, not really a REIT, but kind of like, they own the land that the wineries, they're not, they're not operating the winery, are they? I don't know. No, not to my knowledge. They question for Scott. No. Yeah, but they own, they own the land of the wineries are on, um, it's not just one wanting the reason I would toss a hotel has golf course.

It's, like I said, it's at the top particular luxury segment. Maybe we should take a, um, talk to Scott and take a trip. We can do, you know, take some videos, get some, you know, on the, on the ground reporting of vinos, um, land. Cause I'd like to check out the golf courses, the wineries I can do that I'll spend, I'll spend all day at the winery.

How would that all right. And then we can just report back at the end of the day. Uh, Hey, I'm keeping an eye on a today AB because this, the stock had gotten punished and then it had this amazing earnings report and then a pop rib tire this morning. And now it's coming back with a good checklist gains.

So, uh, I don't know what to make of this one. This is definitely a high flyer. Look at that daily chart home. I got it. On the November 8th, three days ago, the stock was a 1 76 yesterday, got a one 30. I'm looking at my, uh, history of affirm on Robin hood. And it looks like back in April, I sold seven shares at $69 and 77 cents.

So maybe that was one I sold a little too early. You remember why now? You probably don't. I saw you working in the valley. You may, you may have some trades in the, I did. I've been trying to, I'm having a bad day. Do you want to tell us about it? No. I mean, sure. I'll tell you about it. I mean, I, so what happened was, um, yesterday I was messing around with roadblocks and I bought a call and was getting like, this was on the show, right?

Yeah, I think so it, so what I ha, what I did was I bought a put debit spread, um, to kind of counteract my call and they put debit, spread, went up a lot. I ended up making all my money back, actually turned a red day green. Um, and then I woke up to. Uh, you know, as I do every morning at like 6 30, 3 hours later, the market opened, um, and the roadblocks put debit spread was up again.

And I, I didn't sell it. I didn't check it for like 20 minutes. And then next thing I know, I check it and the whole contract had gone down about 80%. So you look at roadblocks chart today, it opened down. Um, and then at about 10 30, an hour after the market opened, it went from down 0.8% to up 5%. Um, so I got totally screwed on that.

My portfolio was down about three, $400 as a result. I've been trying to trade myself out of the hole, but instead of I've traded myself into a bigger hole. So maybe our next guests are not tow will be able to, you can help you. I think I hope so. I mean, I don't know of anyone, so really smart guy. You're saying that like I'm not, no, no.

I'm just saying that he is like, we're not on those, this stuff. Yeah. I mean, Renato probably knows more about options trading than I do. I've just I'm Yolo and out here. So I've got my scanner tool open. Amazing. A pro on the left side of your screen is gainers losers from the open on your right side is green is gainers and losers over the last five minutes specifically.

Uh, let's see what jumps out to me here. Uh, this is actually where I founded a firm giving back as gains. Um, Evie go no way again with the VGO. Is it still running for the third or fourth day in a row? Oh my gosh. $18 in Evie go today. And they don't even have any news, right? No more. They had earnings was that, oh my gosh.

That the stock congrats. If you're in this one, this, this thing has doubled in the last week. I got to know if anyone in the chat chat owns, this is out of 20% today. Oh man. Don't trade opportunities.

Voodoo have some sympathy. Well, I, I just, I just replied to him because my, my overall, like, if I go to all time on my mama, man, if I go to all time on Robin hood, I'm in the green, I'm in the green by more than a hundred percent. It's just the past month or so has not been, um, I'm actually still, don't say it sucks.

I would say there's room for improvement. Geez, Louise. That was hard. I mean, I think anyone that trades options will tell you to go through a phases where they're just not, not hitting that's okay, Maddie. I said he sold his, he, if he go to a hundred percent gain or a nice, very nice, very nice. Um, Hey, you know what?

That's a good, that's a good point. Matty eyes. Let's check. Riviera and Ford and GM today. So Riviera, I had the IPO, you know how the RPO pop, right? Cause it opened above its IPO price. $78. What was the oh, was the IPO price? One was 6 75. Was your opening price traded there for like 20 minutes yesterday? And that was that.

Um, this is surprising. This is I don't, I, I don't know how often this happens, where stock undercuts its IPO price on day one and then comes back on day two. This is a bit surprising to me. I got to say, I, if you had asked me this morning, I know we rallied over night a little bit, but if you'd asked me this morning, I would have said, yeah, there ain't no way ever again, above that opening price of 1 0 6 and here we are.

So revealing trading higher Ford. Uh, I was barest for yesterday. I thought yesterday was the day to sell. I know Lucia Colby did sell some Ford yesterday. I think he'll be on this show tomorrow. I hope he'll be on this show tomorrow to talk about that, um, for, uh, flat today and then, and how does GM doing?

How nice day? Hey man rotation. We, we got to move away from Ford. Forget Ford Ford was last week's news. Now it's all about GM. All right. Someone gave me one last option strain for the day that will get me out of the car. Um, you couldn't talk to her about it. You need to volatility, right? I need volatility.

I need like, uh, uh, what I'm going to do is I'm going to wait till right before market close tomorrow or today for a trade tomorrow. I'm going to be looking for, maybe we should look at, are there any options or earnings after hours there? Of course there are. Let's go to there on his calendar. What's today, the 11th.

Yeah, that's just sort by, after the close today's 11, 11. It's supposed to be a lucky day. Uh, uh, Bob was having a good day. Cause the singles day, uh, let's hear his mama doesn't report. So next week, I don't believe so. Okay. Here's an idea for you, but you have to Aaron Thomas single's day is a thing. Our producer has no idea what single's day is.

Um, okay. Wait, so here's an idea for you, but I, I don't know how good an idea this is. It may be a horrible idea tomorrow. Aaron, we're going to have Laz our laser on the show. Luminar I can't trade it. They report earnings tonight. If I closed it before they come on. Right. That's what I'm saying. If you close the position before they come on, then we can do whatever we want.

Yeah. Uh, it shouldn't be a problem. It's gonna be a problem. Sec. Won't come after me. Oh, well that's the won't let me be. So you could do laser, they report tonight. You could do. Oh, gosh, Lordstown motors reports tonight. Oh, I love that. Let's see what Ryan's. No, thank you. Um, fun 28% today. Yeah. Why all cause they close the deal with, uh, Foxconn or whomever.

It was, was the Fox gun. I don't even remember. I kinda liked that some ride Yolo calls let's ride. I want to look at the, uh, let's go back to my chart. Um, how's fossil doing is fossil is still way up fossil reported greater means I believe. And it's it's come on. It's come off those highs. How about mov?

Okay. Movado. Oh my gosh. What about your, your never sell stock? Wait, is that an all time high? No, it's not. And all the time. I, it it's a, it's a two year high from Nevada. I think. I don't know. I mean, I can stomach one more big, big Yolo here. I need, I need one to hit them. Okay. We have some suggestions on the Chad seller bear call spread.

And so far by a bull put spread in Coinbase. Hey, Brian, Brenda was actually giving us some, uh, some strikes points for specificity coin bull puts a Baupost spread. Uh, how but a put-spread isn't that bearish? No, you can do a bear polar bear. Put-spread into Baupost spread. Uh, oh, I want to short is a bull put, spread a credit spread and a bear put spread is a debit spread credit means you're getting the money.

Right? Okay. Debit means you. Right. Did I get that right? Debit means you're paying the money. You know what? Screw it. Let's just ask for nada. All right. This guy, my note is talking about things about options. Well, we got to, we got to give a Renato, a proper introduction. So we're going to give him our are both credit spread most special.

Wait, what? Oh my God. Can we just get Renetta on the show please? We're not going to save, save us. All right. We gotta give him a proper

Hey, how do you pronounce your last name? Yeah, I can't even say it right.

oh, wait, what is it? What is it? Is it Capella? Did I get that right earlier? When I said that LJ chapel it's chapel. Yeah, no, that can't be right. Oh, geez. I wait. So we're not explain this to me. So if I, if I go on my Robin hood and I put in, uh, uh, put spread it's bearish, I thought, but now I'm learning. You can do a bowl.

Yeah. So a bull put spread would be along the lines of you're selling the closest strike and then you're buying further strike. So you're, you're getting a credit instead of putting out a debit. Does that go? Okay, so I was right. So the debit spread would be bearish if we're talking, put, but the credit spread would be bullish.

Yes. Okay. Yeah. Okay. That ways to bullish wherever you're at, as long as you're like above that short strike, you're fine. So you're not, I don't think you had joined yet, but when I was talking about my trading days so far, Spencer had a please tell recap it was peaking over my shoulder. Okay. So I'll give you the long story short yesterday.

I bought a roadblocks call. It wasn't working out. I wasn't able to close the position because of my PDT rules on Robin hood. So I opened a bearish put-spread as a hedge against it. So that way, at least I wasn't going like all down. Um, the bearish spread actually brought me all the way back in the green and then I didn't sell it this morning when I should have roadblocks ended up going higher.

So then my, uh, I had already sold the call and the, the, uh, the bearish put-spread ended up going in the red. So now I, I dug myself into a hole, tried to trade my way out of it. Um, dug myself into a bigger hole. So now I'm just looking for like one more trade to make today to, to turn everything around. And you're my guy.

Oh God, no pressure. So, so you, you, you owned a call and then you owned a put debit spread, right? Yeah. And I bombed out of the call while I was making money on the spread, brought me all the way back in the green. It was wonderful. I was like, holy shit. It worked. I traded myself out of the hole and then this morning, um, roadblocks reversed and went up before I had sold the bearish spread.

And then now that brought me in the red. See, there's, there's not much you can do in that case. And I don't think roadblocks w uh, is, uh, it's not a high price stock, right? No, it's about a hundred dollars.

$800. Okay. So yeah. What was the, what was the short strike on the roadblocks? Uh, the put thing, it was, it's a 90 to an 85. Oh 85. You see? What, what was your debit when you paid? Uh, I don't even remember. Let me see. Uh, the fate right there. Should've been average costs. $30 or 0.3. Oh, you, you paid, you paid, uh, 30 cents for the spread and the spread is a buck 30 right now.

Worth a buck. No, no, no, no, no, no. Now the spread is worth 0.18. You said you owned the 92 or you own the 92 and you were short the 85, correct? Correct. Yeah. It's over the trades though. It was, it was up a lot yesterday. Oh, you're you're you're talking about the November 12th. X-ray um, correct. I don't know what he's talking about.

Yeah, I'm looking at, if you go a week out a week out, the spread is worth like a buck 30, uh, this experiment it's 18, you know, 18. Yeah, yeah, yeah. There's there's not much you can do. Um, uh, I'm forgetting about the roadblocks trade it's over. I'm looking for a new trade to recoup my losses. All right. All right.

Well, do you want, do you want to share your screen and we can see what you're seeing and then we can, uh, cause you, you do some pretty complicated options. I'm not gonna be able to understand his well, he's going to have to explain it like we're five because we are a five. Like I know what to like kind of like go through how much time do we have?

We have 30 minutes, 30 minutes on the diet. What's that we even half hour what's wrong. All right. Let me share my screen. You can click share at the bottom there. Make sure, make sure you're not sharing the screen with your account number on it. You had someone to do that a few times. Never a good thing.

Don't do that. All right. Okay. See my screen. I don't know we can. I, am I cool to bring that up? I'm bringing that up right now. Wow. My God. That is a big old Thinkorswim. It's a lot of numbers. Okay. Yeah. Oh, I've got all right. Let's see. So something you could play. Um, let me find Tesla put no, wait, let him finish.

All right. Let's start ideas out there.

Uh, the other granola is using multiple platforms. He's using thicker scream. He's using trading view. He's mentoring pro. Yeah. So I have a really, okay. Should I put this on for a credit, but you, you can't do this type of trade with Robin hood, so there's, there's a way you could play it. But my idea was when we were opening up, like right here today, I was like, there's a potential, we could make a run for the 1200.

So I was like for the November 12th expert, I'd love to own something against this all time high right tomorrow. Yeah. It expires, uh, expires tomorrow. Right? You think we can see a Tesla, Rhonda. So when we were opening up there, I was like, what could I put on here for free that I could like monetize it on the way up.

So I mainly trade ratio spreads. And so what that, uh, I traded a couple of things. So I'll trade directionally, you know, stock and futures. And the bulk of my trading is in, uh, options that are out maybe once, two weeks, um, uh, in some sort of complex spread. Right? So it could be a butterfly can be a ratio spread.

It could be a calendar spread. Right. Um, and in this case, I love to try to lower my cost basis. And so the best way to do that is to own something, but sell something against what you own. And so in this case, when we were opening right here, I'm thinking immediately like, okay, where, where could we potentially try to make a run.

And how could I make that basically like a free bet. And so at the time, um, well we'll put this right here. What was the trade that I put on? Um, I think it was, uh, it was the 11 80 12, 20, where's the 11 80 12 20 right here. So I put it on for 10 cent credit. So what I did was I basically bought the 1180 once for $2 and I sold the 1220 twice for a dollar nine.

And so together that spread actually didn't cost me anything. I got paid to put the spread on. And so the, the, the idea behind the spread is, uh, do you know what a butterfly is? It's basically, it's basically like owning a vertical and then selling a vertical that's higher up right. Then, uh, spread it, honest spread.

Oh man. Basically. So, so let me, let me, let me kind of show you how this works. Right? So imagine this is like the profit zone. Okay. Imagine this, when you, if you were to just buy a, uh, vertical, you would, let's say you would buy the 1180 and, um, you would buy the 1180 and let's say you sell the 1220, right?

So let's say you own the vertical, but. But based on those prices, right? You're, you're basically paying out almost a dollar for that, um, uh, for that spread, right? So if you wanted to buy the 11 80 12, 20 vertical, just buy the call and sell one, a call higher, that would cost you a buck. But what I did was I sold two higher, so I covered the cost of the spread.

Uh, and so what happens now is, is let's say you own the one, uh, the one for one vertical. So you bought the 180 and then you sold the 1220. You would basically have no risks to the upside. You basically want the stock to run higher and there there's no risks that you're going to Intel. Right. But what I'm basically doing is by selling that extra call, I'm taking on some sort of upside risk, but I'm expecting the stock to be within a range.

Right. And so in this case, um, you know, uh, the 1220, so I have till 1260 is my break, even. So the stock, I technically want the stock between 1180 and 1260 to make money on this spread right. To, to make more than what I initially received putting on the spread. Um, does that kinda make any sense whatsoever?

Yeah, it does. Um, but with that, wouldn't, your, your upside would be limited as well, right? Uh, yeah, so the, the upside, the max potential gain in this sort of trade is the distance between the long strike and the short strike. Right. Uh, and so in that case, that would be 40 times a hundred, uh, right. So about, you know, $4,000 or so, um, uh, ma basket max value.

But the thing is, if I were to ask right now, do you think the stock is going to move to 1260 tomorrow? No. Okay. But do you think there's a potential that it could go up maybe to 11 50, 11 75 it's Tesla? It could go to, yes. So tomorrow for all I know. So the idea of the time, these sorts of trades is to put it on in size and so allow, uh, allow the stock to maybe drift towards your strikes and then taper off the position.

So, what I'll do is, uh, I'm, I'm, I'm very light right now. Uh, I actually had a ton of and positions, but I'm taking a ton of stuff off right now as we speak. But, uh, I have a one lap rate. Uh, is it a not, yeah, it's a one lap. Uh, and so, uh, the idea behind this is maybe you put five on, so maybe I put five to 10 on.

And so as we get the move towards the spread, right, the spread will start to expand. So I put it on for credit. I will be able to take the spread off for credit, most likely unless there was some sort of exogenous event, Elon Musk comes out, Tesla's getting bought, I don't know, something crazy. Um, in that case, you're going to have to hedge or whatever, and we can kind of get into how to do that.

Uh, but the idea is to taper the position off. So maybe I put, uh, put these on for 10, second credit, and then I'm going to start limiting out, you know, 50 cents a dollar. Right. You know, whatever. And that's how I'm going to try to like, take the spread off. Right. I'm not going for a home run. I'm I'm trying to, uh, because this, this is not a trade that is kind of like a home run trade.

It's just kind of like, uh, uh, you're, you're basically trying to harvest whatever that, uh, you're trying to monetize and move. You're trying to just harvest a little bit of that move outright for minimal risk. Right. Um, so, well, it doesn't make that move that you're, you're hoping for, with the trade. What's your, I don't lose anything.

If the stock goes down, I don't lose anything. Cause I, uh, I got paid to put the tray. Got it. So do you need a certain amount, like in your portfolio to make these types of, yeah, so, uh, you, you, you, you, for, for Tesla. So I have something called portfolio margin. And so that actually allows me to trade, I guess, a bigger it's, it's kind of like a, uh, um, uh, it's like a risk based thing where you're taking into account, you know, different positions you may have in the portfolio to offset your risk, uh, in other positions.

And you're not required to have as much, um, uh, margin for a certain position. It's much more efficient, I guess you could say. So, um, uh, I don't need as much margin to put on a position, but if you're in a normal account, um, for, I think Tesla, it might be something along the lines of like $15,000 for this spread, right.

For me right now. Uh, let me, I should check what it is, but, um, create duplicate order. Uh, let's see. It's a little slow, but let's see.

Um, so $11,000, you know, margins been kind of getting a little hot right now and Tesla it'll expand and contract, right. Uh, but I, I can get into how I'm sizing these positions and so on. Um, but. How do you put this position on is my thing with, without having that margin, right. And you can do that. You just buy the far out of the money leg, which is trading for maybe 10 20 cents right now.

So you can put this trade on for $10 debit and then harvest it out as you kind of go higher. Right? So what I actually have is, uh, before the market closes, I kind of have this spread that I'm looking for, not a spread, the single lag, it's the 1260 call. And by buying the 1260 call, I would have no risk to the upside.

If Tesla chooses to go to 1300 fine, that's nothing. It's not going to hurt me. That that call is trading for 23 cents this morning, when I put the initial spread on for a 10 cent credit, it was trading for maybe 50, 60 cents. So I knew, I know that the Thursday, uh, kind of like before expert, there's going to be a ton of, uh, um, uh, I guess you could say drain in those options, especially the one, uh, the ones that you're short right.

Further and further out of the money. So I knew that one's going to collapse. And so now, right before market close, I can potentially put that on for 15 to 20 cent debit cap, my risk. And so the maximum I lose in the trade is, you know, maybe 10 bucks or something along those lines. But the whole idea is, is I want to be.

Able to participate in some sort of move, uh, higher. And if it's a, it's a, it's not like a high probability bet. You're not going for the home run. You're just looking for a little bit of a pop higher and I can start taking these spreads off for a dollar or $2, $5 in credit. Right. Um, you know, uh, sometimes we'll get the home run, uh, but I don't usually go for the home run.

So I'm going, so the trick here was the credit. It seemed like to me, was the credit, not the debit. That seems to be like the fundamental thing. Yeah. The fundamental thing here is you're selling more than your long, uh, and, and your, the amount of credit that you're collecting is enough to cover what you paid for the long call or the put or whatever the trade may be in that case.

So, so in that case is it's all about lowering your, uh, cost basis, right? So if, if you're, if you're trying to get an, a trade and you're trying to express your opinion, using options, at least you, how do you, how do you reduce what you, the max potential loss, right? You could, let's say, uh, you got a Tesla today and you think it's going to go to 1200.

So you buy some sort of fat, vertical expiring out in a week, but you know what, Tesla gap's down tomorrow. What is there that you can do with that spread? He can't really do much. Um, uh, so, but if you have like a ratio, well, maybe you can. You can narrow the width of the spread. Maybe you can, uh, uh, take out the call, you know, so there's so many things, so many more things you can do when you get a little bit more complex and structure, and the idea is anyone can do this.

Uh, uh, you just have to buy the extra protection that's far in the money. So if you're in a small Robin hood account and you have, uh, maybe just a, a few thousand dollars to play with, well, you know, you can buy the call. That's far the money for 10 20 cents and, and you can participate, you know, and, and, and, you know, make sure you don't have unlimited losses or whatever to the outside.

Do you, do you only ever go like one to two weeks out? Do you ever go? Yeah. Yeah. So, so, so the way I trade is, uh, for mainly everything is, uh, uh, uh, uh, options, but like I said, I trade directional futures and stuff like that. And so that might be like a day trade or a trade that's one to two days. Uh, most of the time when I'm positioning myself into, um, uh, these sorts of options, I'm out, you know, once, two weeks max, the reason being is the amount of decay that, uh, the, the, the rate of decay accelerate.

That's the part where the rate of decay is the, the, uh, I guess there's a huge drop-off, there's, uh, uh, it speeds up if you will. And so I want to be in that area, right, where I'm selling those options that are much further out of the money, and those options will be collapsing. The options that I'm long are a little bit closer and they're not losing money as quickly.

Right. So you're in that part of the curve where, uh, you can be able to put a spread on in, in, in, uh, let's say I can put a spread out maybe Wednesday the week before expiration. And within two days that spread is already, let's say I paid a debit within two days that spread can be already trading for credit.

The stock may have not even moved. It's just that there's so much decay in as far as the money options that, that outweighed the amount of decay in the long option. Does that kind of make sense? It does. Yeah. I hope it makes sense to everyone watching. Yeah. So, so, um, uh, in, in the case right now, uh, what I was doing, uh, I've been tapering this position up, but I had a pretty sizable position in the eight fifties, eight hundreds.

And so what I was doing was on this move to a thousand, uh, right here, uh, the 5,800, uh, put ratios, uh, were trading for, I don't know, $5 in credit, $4 in credit. So I was putting those on, um, so I'm taking, I'm taking a little bit of risk there because I'll tell you how I price these things in. When I'm want to take extra risk.

And when I don't want to take extra risks, but here I'm taking extra risks because I'm thinking like, okay, the 1000 is it. But even if we go lower, there's a potential that, because there's so little time to expert that spread is going to come collapsed as we approach that, uh, spread. Right. So what happens is, is let's say you're short or vertical, right?

A plain old vertical yours, you sold one option and then you bought one option program part. What do you not want the stock to do? If you're short or vertical on the call side?

What was the question again? Let's say, let's say you're short a call. Okay. What do you not want the stock to do? Okay. You don't want the stock to go past years. Strike price. Yes. Yes. Right. In this case I want, I might put the spread on for credit, but I want, I technically want the stock to come towards my strikes just because I have that component, a couple extra components in there that are working for me and I can be able to take that, um, spread off.

Oh, there's a, there's a, a few great people online that talk a lot about this. Uh, I was first introduced to the concept by, um, a couple of years. A few years ago, it's probably three something years ago about Peter resonant check. He's a great guy. I followed him to the show. We have to get in bed. He's on my list to get back on the shadow trader shout.

Our trader I talked to him earlier, was on my list to get back. He was in a, uh, he's gonna come back on next month. Okay, good. Yeah. He's he's a great guy. He just got, I think he just got hurt. Uh, he was know if you want to be telling people. Yeah.

I first learned about it from him. And then, uh, when I went on and, and did, did a bunch of learning on my own and, and uh, kind of stuff, and I, I still, to this day, I'll treat very much, uh, kind of, uh, like how he does, uh, but in this case, uh, uh, he's a great person to also ask about this, but, um, that's, that's kinda the idea here is, is it's there's you have a lot more stuff working for you in this sort of structure, uh, as opposed to just being long, uh, just a simple spread, uh, or short, a simple spread, right?

There's there's more components there that are, that are working against, uh, maybe the strike there along or whatever that may be, uh, to, to kind of offset that. So what else? This is all very informative Renato. Uh, and, but, but what I want to know really is like, can we put on the Yolo, a yellow trade, right.

Can you put on a Yolo trade, also hex pony and the chats asking whatever happened with your QS trade. Uh, so just going back to the get technical days, I pointed out quantum scape as a, oh wait, are you talking about the, I dunno, which quantum scape in it? I, I did trade some, uh, quantum scape, but no, I, I, when it was, it was like bottoming out at like $20 and just sitting there for a long time.

So that was one that I bought some kind of, uh, leaped calls on and I ended up selling them for a good game, but if I held onto them longer than, um, that they would be worth a little bit more quantum scape having a good day to day up about 14%. Um, so yeah, like I said, hanging out, it was hanging out at like 20 bucks for a very long time.

Looked like one of those sustained bottoms that we like to see before it starts reversing and coming back up. But yeah, Renata, if you had to go out and trade outside of your normal strategy and essentially, uh, you know, Yolo something, what would it be? It's a very good question. I'm not usually a yellower.

I've tried to be as methodical about everything I do. No, you're too logical, man. We got to smack them. Watch the cat. Have you. Um, if I, if I was yellowing, I probably. Buy stock and I would, and then it was structured. Some sort of spread to kind of kept my downfall for maybe in the case of Tesla. I'm sorry, I just have to

fair enough. Fair enough. What's that? Go ahead. Sorry. No, no, it was, it was someone asked where they can follow you. I put the link in the chat. It's also in the description, but a T to tell us about, uh, uh, physical. Yeah. So what I do is, um, so, so the idea of being was like about, I think it was my sister or my dad, and they were like, you need to be putting down a lot of the stuff that you're doing, because it's like, if you ever wanted to maybe go work for an institution or, or manage money, you need like, uh, you need somewhere to put like all your information and stuff.

And so I created this website and, um, and I created this website and, uh, basically I put my prep there every single day. Um, uh, and it keeps me kind of like, uh, what time do you wake up in the morning before you four to five or so, something like that is before me four to five in the morning. Yeah.

Yeah, it's G I used to be, I used to be kind of like six o'clock, but recently it's been more like four or five. It's just been there's my days are really packed. And so I'm trying to try to like stuff, everything out, but prep is the most important thing to me. And so that's what I'm doing immediately when I get in the morning.

And so, uh, part of, you know, the stuff that I put on this website is my morning prep. So I go through and I'm immediately looking like, uh, looking at, okay, what is the market done overnight? What are, what is like the big picture that I've been paying attention to? Uh, what are the kind of like, uh, big picture signposts that potentially I should be looking to do something responsibly against or whatever that may be.

And then I kind of keep in mind, like, okay, what are the big things that are going on? And it just, I try to talk a lot about like a lot of different things where it's like, it's kind of stimulating me and I'm like, okay, I didn't think about this earlier, but now that I have written this down, I'll kind of try to position myself on this end.

Right. So a lot of times, if you know, I it's, it's very hard to train when you don't do this prep because I catch myself doing things that I shouldn't be doing. Right. So I give us an example of like, uh, like tell us something from the prep this morning that informed your training today. Okay. So, uh, one thing was, uh, We'll go it a little bit towards the beginning of the week, because I've kind of been rolling through rolling over this narrative over the past couple of days, uh, coming into this week, uh, there was a ton of risk, uh, in the single stock names.

And, uh, that was feeding into what we were seeing in the broader indices, like the S SPX and stuff like that. I do some work with, uh, uh, this company it's called spot gamma. Right. And they basically do options analysis and stuff like that. And they have a ton of stuff on their website and, uh, about that information, but I worked with them.

And so I, I had an idea that going to this, there was a ton of risk, um, uh, being, uh, kind of like going on, um, in the backend, sorry, things are freezing on my end. Um, how people were selling puts aggressively in stocks like Tesla and buying calls. Right. And so, uh, the counterparties to those trends. Uh, are, are, are stuck in a position where they have to hedge in the direction of the trend.

Right? And so, uh, in the case of Tesla, they were exacerbating volatility in the underlying stock because they were forced to buy underlying stocks. So let's say, you know, you're selling, those puts are buying those calls. You're, uh, you're, you're basically forcing these, uh, individuals, those, those participants who are warehousing that risk to buy the underlying stock.

And so that creates kind of like this feedback loop, right. We started to see that slow as we kind of approach the 1200 strike. Uh, um, uh, uh, and, and you also saw that there wasn't a lot, a lot of the volumes that you saw were just volumes. They didn't actually translate into a open interest. So that also told you that there was just a lot of day trading of options, right?

So people weren't necessarily willing to hold these options. Uh, day to day, they were just willing to trade them, enter, enter date, but we reached a point and I think that was around 1200 where things really slowed down. And so a lot of those options as they indicated. Well, what is the counterparty going to do to that tree?

They're going to start removing their hedges and that's going to put supply on the stock. Right? And so that was one. And then we had an exoticness event over the weekend, which was the Elon Musk thing. Elon Musk comes in whatever stock drops. And so then you start getting this, uh, reaction where, you know, you start kind of, uh, uh, the same thing that was happening with the upside turns into, and it starts happening in the downside, right?

And so you have these participants who are forced to, uh, basically, you know, cover, cover these positions. You have the counterparties that are selling in weakness and that's exacerbating the weekends. But the one other thing, this is, this goes into what we've been seeing over the past two days now is a lot of that risk taking, fed into what we were seen yet in the S and P 500.

And so, uh, based on positioning and the S and P 500, you get a lot of, uh, you had participants committing more money to strikes that were higher and higher up on the call side, but they weren't doing the same thing on the put side. Right. And so what this basically does is without going through, uh, getting a little bit more complex, it basically creates like this Boyd, right.

And, and it's a destabilizing thing that goes on in the market. Right. And so now you have, um, what, well, why wouldn't they go lower on the puts that if they're going to hire. Well, that's the thing you don't want that to happen because when that does happen, the, the, that, that it's de-stabilizing right. Um, uh, you want everything to kind of shift higher because you could consider that positioning almost as like a support level right.

In the market. And when you don't have that, imagine as if the support level was much further down below the market. Right. And so it's, I, the way I like to think about it is, is it's almost as if there's this void in the market. And so what allows, what ends up happening is, is you'll get, you'll get this very uniform rally where it's stairsteps, but you get the liquidation.

And that's what we actually saw started happening yesterday or the day before. Uh, but we didn't really get much follow through until yesterday. And so in with that in mind, I'm, and I know that we're coming up onto this options expiration and based on the data, uh, at least in recent times, uh, there's, there's a lot of weakness.

There's a lot of front running of, of that volatility that you see kind of like posts, uh, that options expiration. So with that in mind, I know that there's a potential, uh, for, you know, an abrupt liquidation or continuation. Right. Uh, I also know that, you know, there's, we're potentially going to keep getting a little bit of sideways or some weakness here into this options expiration.

So I'm immediately thinking, okay, what can I do in the S and P 500, uh, to structure with that around. So I'm immediately looking out to. Um, in this case, uh, okay. My platform, I think my platform froze maybe, uh, Nope, Nope, Nope. Uh, it didn't freeze. Didn't freeze. Uh, okay. So I'm immediately looking at what can I put on, on the put side, um, to, to, to kind of capitalize on that, right.

So I'm not necessarily going to go out to the 26th, uh, right. And I might actually end up doing this as a butterfly or a broken wing butterfly where I'm buying I'm selling then, uh, buying one further option or one option further out, but much further outbreak where it's just capping my risk. Um, but the idea is to, uh, buy something, buy a, put that's closer to the money, sell something at the target price where I think the stock might where the index.

And, and, and be able to, uh, either put that spread on for very little cost or a credit collect that credit nothing happens, but be able to monetize or participate in that move on the way down. And so in this case, I wouldn't do the 26, uh, but, uh, I kind of put that up there. I was just pricing a whole bunch of different stuff.

Um, uh, but the idea would be to put that on and then allow the, and maybe I do it in the, uh, spot spiders, because the one, uh, one of the SPX is the equivalent of 10 spiders basically, or whatever. Uh, so you can go on the spiders and you can do this, uh, which is the spy. Um, uh, but, uh, so I would put something on like this.

And so, uh, with, uh, I always in my head is the setup, the target, the timeframe, and what am I willing to risk? Right. And so that's different from everyone in, in case if your risk is very little, you can put something on like a butterfly and that would be something like you, you own the strike closer, you sell a couple, uh, down below, and then you cap your risk by buying more way further out.

But that's the way I try to think about things is like, okay, what are the big things, uh, big picture things that are going on in the background. How can I tie that into how can I form like some sort of thesis and tie that into actual traits? Right. And so all I need is some sort of a target, some sort of timeframe and, uh, what I'm willing to risk and I'll structure something, uh, uh, like that or against that.

No, no, your, your, your longterm goal is to run your own, uh, fund. How far away are we from that? I, to be honest, I have, my dad always asked me, asked me this. He's like, what are you doing? Um, I dunno, up until now. It's, it's actually gone really well. Uh, uh, I studied for a number of years, I think, you know, five, five or so years, I actually was, uh, you know, it was like three, four years at the time before I started trying to trade kind of like full-time where I was just studying full-time and, you know, once I had like this idea how I wanted to trade, I was well capitalized to do this.

Um, or I think I had enough money to like start doing it. Things actually started working out really well. And so I'm just continuing to build on that. And I think it's going to take a few more years of potentially experience, uh, getting a license or certificates or whatever that be. Maybe I ended up going to some sort of institution and spending some time there and learning more, uh, You know, there's, there's so much more to learn every single day.

Right? So it's all, we're not O uh, is, uh, a trader, as you can tell, he's also the author of our FinTech newsletter and, uh, w w w w we'll have to get you back on the show, man, because there was a lot of information here. I feel dumber now because I, uh, I'm a very visual person. Right. And I need to visualize everything you meant.

You just said, I was trying to visualize your trade as you were outlining it, but, uh, we also get you back on man. Cause I think, I think we can do a lot more of this types of segments with you and just talk them through your trading. So I write down everything I'm trying to write down. All right. I put the link up there again.

It's physic invest. P H Y S I K invest.com and we're not. Oh, thanks for coming on, man. Have a good rest of your day. Appreciate it guys. Have a, have a great day. We'll talk soon. All right. Talk soon. All right. We are running behind schedule. What else is new? AB 2 0 1. The roadmap is going live right now. So before we go, let's do one last grovel grovel run 112 likes get us to one 50.

We can do it 150 likes on this stream right now. And that'll be a wrap. I think so. Thanks to all of our guests today. Thanks to Renato. Thanks to Scott Ronan. Zandi Vivi Ben six guys today, man. Yeah. Thanks. It was a whirlwind. They shouldn't all be like this. It was crazy.

We had to find the balance between games and guests, games and guests today was all guests heavy on the guests today. Be on the guests. We need that. Wasn't me

Renato though. You know what? He's smart. You got a lot going on. We need a, we're gonna need some more time with him before Spencer and I understand everything that he's putting down, but all right. Y'all we've got the roadmap starting up. Benzing his very own NFT show. One of the hottest new sectors out there.

So go check out the roadmap with Chris catchy starting right now. This stream will automatically redirect you there and we will catch you all tomorrow. Boom.

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Subscribe to Benzinga Options Newsletter

Episode Summary:

• Coinbase $COIN drops on disappointing earnings report
• Adding new stocks to our watchlist
• Buy or sell: LiveNation LYV

Guests:

Saagar Govil CEO of Cemtrex (Ticker: CETX)

Greg Crawford CEO of Quipt $QIPT

Jesse Kaylor, Elite Trading

Nic Chahine, author of the Benzinga Options Newsletter

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

Can you hear us? Why are we running away to AB that is a great question. I don't understand. I, so one of our, our colleagues, Adam Partridge brought in a big bag of Halloween candy that was left over from his house. I was enamored by the bag and just go in through it. Um, but yeah, uh, Brohan had to physically dragged me away from the candy, but now I am here.

So without further ado, let's go ahead and get this show. Rolling. Bren says you could get hurt. You could hear me before. Great.

CEO, Jason. Razak here with us. The man, the myth, the legend Skeeter shifts on the power hour with us live today. Interesting different innovative company. You are alive.

we need a new intro. AB can we get a new intro? Yep. W w we'll get working on that. Spencer's we've got a jam packed show today. Uh, do you want to give us a rundown of our agenda for the day? Oh yes, I can do that because I wrote stuff down. Uh, we've got our first gas coming up in seven minutes at 12, 15 Eastern time.

Cigar global, the CEO of Centrix. Did I get that right? Yep. Okay. I just want to help you get out of the right seminars. Tickers seeds DX will be on at 1215, uh, Lena Alena, chin, head of IRR at newborn town at 1230. Uh, the CEO of quipped, Greg Crawford at 1245, Jesse Kaler from elite trading at one. And then Nick Shaheen from the author of the big thing, the options newsletter will be on the show at one 30.

We got a lot to talk about today. Let's start with, you know, I don't know. Where do you want to start? AB well, places I want to start, um, let's start with a nice little crypto update. Spencer's so as many of you may know. Bitcoin hit a brand new, all time high today. This was spurred by the CPI data that came out this morning.

So CPI came in hotter than expected showing, um, inflation and investors went and rushed to buy Bitcoin as an inflation hedge. So we had Bitcoin, uh, almost reach up to 69,000 up about 3.2, 6%. A theorem is up 2.14% nearing 5,000. So I'm looking for that as a big psychological level. Spencer, when a theory, um, hits 5,000, um, Shiba, Inu, and doge coin to dog related cryptocurrencies are down today in this sea of green.

So maybe that's showing that investors are leaving Sheba and dos to go buy Ethereum and Bitcoin. I don't know. Um, but overall good day for crypto so far, we will continue to watch crypto and see how it's performing today. Um, but since there's other stuff in the news, I want to talk about before we move on, though, I just want to mention, you can get some free Bitcoin ha.

Look at the screen, it says it right there. Go to Voyager, go to the app on your mobile device of your choice, whether to Android or iPhone or some other third OSTP, I'm not aware of down on the Voyager app in the app store, fund your account with a hundred bucks, make your first trade, and they'll give you $50 in BTC.

You should do it before Bitcoin goes to a million. I'm just saying that because then you'll be getting more bang for your buck, but that's just me. Okay. I know you have things on your mind today, Aaron. Yes, I do have things on my mind before we get to that though. I want to introduce a new little game noodle segment.

We have a new segment. Yeah. If you're like me and you grew up watching Pokemon as a kid, you know that the show used to do a thing called guests, that Pokemon, where they would give you the outline of a Pokemon. And you had to guess which one it was his name. Fine. You're right. It was named that Pokemon.

So we're going to do that with charts, name, that chart. This is the first one we're going to do. I'm going to go ahead and pull it up on screen. Uh, as you can see, this is a recent, uh, not, I, I have, again, I, this is an easy one. Yeah. We're going to start. We're going to, uh, well, it could be one of, one of several actually.

Um, and I don't know the answer can, so can, I guess AB you can guess this is a, this is an easy one. We're just going to start off easy and get more difficult as we do more iterations of this game. Oh, wait. I was not looking at the, the, the x-axis this, so this was from my high was October of last year. Oh yeah.

Chris, who's that Pokemon? That's the correct one. No, no, I'll wait. No, no. Wait, how, how far back does this chart out? Exactly. It goes further back then. Uh, wait, are we looking at that? That's October 20th of this year, correct? Uh, Cobra flash. Okay. I don't know why I thought that. Um, okay. Yes, the answer is on the shadow.

I would guess Brenda. Got it. Is what I'm thinking. Um, my guess is the same as his DW AAC, are we right? Yes. You are D whack right up $49 in the past month. Um, of course this was a spec, so it was trading around $10 for a very long time. And then once the merger was announced, the stock ran all the way up to about $170 before coming back down, currently trading right at $60.

Um, so congrats to Brenda who was the first correct? Guests are in the chat with D whack. Um, you know, we, we are going to do this more often, so we'll introduce, we have to give away prizes to bring saw was in the chat. We got to give away some schwag. I think Brent is right. Email us shows that bends and good.com.

I will get you hooked up with some free swag. Um, you know, maybe you pick out a hat or a t-shirt, but we will do this more. I will, uh, say the charts will get more difficult. So we started you off easy, but Brenda, don't, don't get used to getting such easy charts. Uh, yeah, that was a surprisingly easy one.

And maybe next time I'll do it and there'll be some totally obscure stop. Yeah, that barely trades. Okay. Wait, we got two minutes before first guests are running behind here. I know you have a rant like in your city. That, uh, even you've been talking to me about this stock today. Do you want to go get that out there now?

Or do you want, wait, yeah. Wait, we've only got a couple minutes, so let me just share my Benzing a pro I'll get it pulled up. Um, you're right, Spencer. This has been on my mind. So I've been watching live nation's stock, um, all week. And so live nation, of course, uh, the company that put on the, the Travis Scott concert that tragically ended, uh, with eight deaths.

And I've just been surprised that we haven't seen this stock, um, trade. I know necessarily the markets don't really care about that, but there've been about 30 lawsuits opened up against live nation and the company has a history of. Uh, safety problems in past concerts. Not only that, but Travis, Scott has a history of having safety problems in past concerts.

So for live nation, as a company to know we've had safety issues and Travis Scott who's at safety issues to not, um, do a better job of making sure, you know, all the, all the concert attendees were safe, taken care of. I mean, to me, that's just a big oversight, so we'll see. And in due time, what the outcome is of these lawsuits filed against live nation.

Uh, but to me, I'm surprised we didn't see this stock trading down 10%. I mean, I know the company reported earnings, uh, that, that were pretty good for the company. You know, what's interesting is the wa uh, the street doesn't a lot of times it doesn't really care about a little care about the lawsuits. If they end up being, uh, if they ended up implicating, I only care about like certain kinds of lawsuits, right?

Like they care about. Like when the DOJ sues you, they care about that. They care about like antitrust lawsuits. They don't, I I'm not saying it's right or wrong. It's just seems like it's the way it is. Um, you know, I can think of like every automaker has had major lawsuits, uh, Toyota with the airbags. I don't really think the street cared about that.

I, I think the street doesn't really care about product recalls. They don't really care about like wall suit risk, you know what, here's another one. Why don't you pull up the chart of match, match.com MTC gauge because they have a lawsuit going on, uh, right now, just when to trial or, or, or they're in jury selection, the proceedings have started, um, this is related to the founder.

Resewing assuming IAC because he's saying that, um, he, uh, misled them as far as the value of the company when he was buying them. But, um, Yeah, you don't, you don't see stocks react really to tool a lot of times to lawsuits. I'm not really sure why that is. I don't know. Well, yeah, there's some crazy theories being thrown out there about the concert, Spencer.

And I'm going to ask you, take it or leave it. The first one, um, being thrown out there is Travis. Scott is like a satanic devil worshiper. What are we talking about right now? That's look it up. That's the theory being thrown out there. I'm asking you to take it or leave it. Uh, I don't need, well, I don't even know who he is, so I like, I leave it.

I don't know here. The article from Newsweek, Travis, Scott, satanic festival blood sacrifice, conspiracy theory. Okay. So you're leaving that. You're not buying it. Yeah. I don't even know what that means. So no, uh, it would sell that headline, whatever that means. Okay. There we go. I don't know. I don't even know.

All I know is the concert ended in tragedy. It's not the first time. And nor would it be the last time that it happens. I fear cause these kinds of things, uh, um, they happen occasionally for whatever reason. So, um, Hey, I think we're running late for our first guest. That was quite a segue, but we're going to, uh, do that say w w we're going to commit to the segway here.

Uh, cause we have, uh, the CEO of a chem tracks backstage right now. It's ticker a C E T X cigar. Goalball let's get him on the show AB well, let's do it. Shugar how are you doing today? I'm good. How are you? Nice to meet you. Nice to meet you as well. Uh, you guys can tell what is on our mind right now by the kinds of companies that we're bringing on with bill, uh, cigar, you are in the VR AR space.

We are thinking about that. We are interested in that. Um, so it is not enough for me to merely drop that nugget. Please tell us exactly what it is that you do. Sure. So soundtracks is a diversified technology company. We have several different operating brands, uh, from the IOT sprays to security technology, but also AR and VR, which is a big focus for us going forward.

So, uh, we operate a number of different brands. We've been building in VR for the last, uh, three or four years already. So we're quite familiar with this space and we're very excited for sort of the next phase of the computing, uh, paradigm as we get into the metaverse, obviously with the recent news with Facebook.

You know, transitioning to the metaverse, um, there's a lot of discussion around this and we think the time is perfect for, uh, for VR now to take off what exactly are you building? Because the metaverse can mean any number of things. It can be anything to do with the metaverse. Right. So, so w so what are, yeah, so, um, so we look at the, metaverse says.

A number of different opportunities. It's going to evolve, uh, dramatically over the next 20, 30 years as, as, as it takes shape. Uh, but right now we're very much in the nascent stage of this. And so, you know, our group, our focus is to really, uh, drive growth for our business, uh, in areas where we see early adoption and areas where we see opportunities for, uh, growing our business.

So right now, um, we've acquired, um, a training studio that is called virtual driver interactive, where we build simulation technology for, um, right now, just for drivers. But we plan to evolve that as VR is used for training applications, um, we also launched our first gaming studio. So we're building our first, uh, VR gaming experience, um, as part of the metaverse, uh, that'll be launched early next year.

Um, and the, the name of that studio is called Bravo strong and reliance. Our first Saifai first person shooter, uh, in, in, in Q1. Uh, so that's really something that we're looking forward to as our first kind of foray of our own, uh, technology and platform in, in the, in the space. We also do make investments in, in VR as well.

And so, you know, we kind of have an, all of the above approach of building our own technology, as well as finding and seeding companies that we see big potential in. It seems like everyone is, is, is thinking of training of professional training as like the primary aside from gaming. Uh, the primary use case of the metaverse, you're not, you're like the third, fourth, fourth person to come on our show and mentioned training specifically.

So, yeah. And so, uh, I think that's an early, it's sort of, uh, some of the easier, uh, low adoption kind of, uh, uh, opportunities right in front of us. So, um, you know, for instance, I mean, you know, taking large equipment to trade shows, training your customers on, um, complex equipment, it can be challenged. Did you things like that, uh, inexpensive, right.

So VR solves that problem. Uh, so, uh, you know, whether it's training sales teams or training your customers, um, that's clearly an opportunity where, um, you know, there's a number of opportunities and, you know, we've even seen this with, uh, you know, sort of in-person virtual training. You can train police forces, chain, you know, fire, firemen, you know, OSHA training.

I mean, so there's a number of opportunities across the board when it comes to, to training, uh, you know, with VR, is there another use case outside of the training and obviously the gaming that's really exciting to you? Yeah. So we're heavily looking at, um, a couple of things. Uh, one is entertainment. So, um, I mean you've seen some of the things that Fortnite has done, uh, with, with, uh, their own experience with Ariana Grande day and, uh, uh, and some of the other artists that they've put.

So we see a big opportunity as, as that evolves. And we're looking at forming some partnerships or joint ventures to. Uh, some kind of experience in terms of entertainment. Um, and then, uh, additionally, I mean, I think everybody's trying to figure out how to monetize. So you have lots of opt developers that are, um, you know, putting out products in there, but they don't have any easy way to monetize those applications.

So we see that as a big opportunity in terms of, uh, you know, ad monetization strategies, you know, whether it's advertising or similar sort of paradigm. So, um, I think there's a number of things that are taking place. And I think as we, uh, we're planning to launch a number of initiatives in, in the first half of next year, as we make more headway in the metaverse space.

So the other things that we're doing is we invest in, in VR companies. So we made an investment in a company called masterpiece VR. Um, and so there's going to be more development tools. So masterpiece VR is, is a content creator tool that will. People to rapidly create three-dimensional assets. And as you know, the metaverse comprises of all 3d digital assets.

And so, um, you know, we view this as getting on the ground floor of a really great, uh, unique creation tool. Um, that will be, uh, you know, one of the primary tools as developers start to build more and more products in VR. So, um, you know, there, there are a number of different avenues that we're looking to capitalize on in terms of, uh, the next year or two within VR.

Um, That concerns me here. Cause like, as I said at the top, we are very interested in the metaverse right now. It is the hot topic of the, of the last month. We, we can think, uh, Facebook slash Mehta for that, but we do this a lot, right. Where we get this idea, we focus on it, we get excited and we realize, oh wait, we're still awhile away from adoption.

And then we move on. Um, and when I say we, I mean the public investors, the media, right? Whether it's cannabis, whether it's Evie stocks. Um, and, and that concerns me here now with the, with the metaverse um, I think I saw a comment. I think it was a CEO of 10 cent. I could be wrong that said like, everyone like slow down.

Like it's gonna, it's going to be, this is a long-term thing, but it's going to take a while. Or maybe we're maybe we're getting ahead of ourselves. Right now, do you do, do you agree with that sentiment? Okay. I do think this is early days, you know, I mean, when you think about Amazon, you know, it started in 1994.

Right. But, you know, I mean, you know, you think about 20 years later, it was really when the true premise of what Amazon or the Bezos vision was really kind of materialized. I think this is sort of a similar kind of paradigm where we're in, uh, in the early stages of a, uh, computing revolution that could largely, you know, it could be larger than the mobile computing revolution and, um, has the potential for, you know, massive value creation.

I think it is still very much early days and that we are, um, you know, there are a lot of opportunities, right. Uh, for, for picking, however, You know, it's going to take some time for the technology to evolve for the bandwidth constraints to evolve. And we're going to start to see that over the next two to three years.

And I think from that point onwards, it's just going to get better and better with each, each year as the technology improves and makes it easier for the average person to spend more and more time in VR. Right. And so when you look at like computer usage in the early nineties or late eighties versus where it is today, it's a similar paradigm that you're going to see with how many people, how much time the average user spends in VR today versus 10 years from now and 15 years from now and so forth.

So, um, but that doesn't mean that, um, there aren't, you know, the Amazons of tomorrow that are right for investing in or, or, or focusing on, right. People don't realize that Amazon. Like a decade to figure, figure it out, at least in terms of inter actually know in terms of the business, in terms of the stock.

Right. Uh, so, um, I, I, and I, I guess, you know, you mentioned a couple of those initiatives that, that, that you're focusing on, uh, in the, in the first, I guess, quarter or so of next year. Can you, can you, can you pick one and tell them. Yeah. Sure. So, um, so we see obviously gaming is, is one of the biggest opportunities, um, to really enter the, enter the VR experience.

And so, um, we want to build a brand for our sales, build a name for ourselves, and we felt that that was the easiest way to start to get in the door. And I think naturally, uh, you know, we believe that much bigger than gaming is our, is our, um, is our thinking. But, uh, you know, we want to kind of start with that inch into it and then start to evolve kind of what we're doing.

Uh, I think in general, the entertainment experience is going to be crucial for, um, what can be done in VR. So we've see that as a launching pad for educational experiences in VR, um, for creating entertainment experiences in VR, you know, reading your favorite book, instead of reading it, you could experience it in VR.

Um, you know, so things like that I think are where we want to see this go. And by building our first game, we started. Um, build that infrastructure in house and start to set the tone of what we're trying to do, um, and, and start to, uh, kind of unleash the potential of, of what's possible in VR. So I think this is sort of, um, you know, we are trying to ride the wave of VR and as you know, to your point, this is going to take some time to evolve.

And so we kind of want to ride that natural organic wave into the, into the, uh, into the future. Uh, Kenneth, uh, Pivar prior, I'm not sure in our chat says that you need some paintings on your wall, but no, he doesn't. You just need some VR stuff on the wall, some AR stuff on the wall. I think that's the paintings are so 19th century.

We don't need that. We, we need some VR on the wall. I'm sure I'm not, I don't know how that works. I'm sure you can probably figure it out. Um, and then, uh, the last thing is Ryan Norris asked if, uh, uh, if you can share what you'll be presenting, uh, at the, uh, AR uh, reality event coming. Um, I think, uh, that information should be available on our social media accounts, if you ping them, uh, you know, that information should be there or on our website.

Um, you know, but we'll make sure we put it out on Twitter or something where, you know, when there'll be presenting. Uh, and then I guess my last question for you is like how far away is a company like yours from profitability? Not that that ma makes a difference necessarily now, but is that, is that on your radar?

Yeah, I think, listen, uh, I, you know, focusing on profitability is crucial for us. I think, you know, we all also trying to balance that with driving top line growth, you know, so, uh, especially when it comes to these cutting edge industries where, you know, requires a good amount of software development and, and, uh, and, and investment in sales and marketing activities.

Um, you know, our first focus right now is to continue to drive partnerships, drive top line growth. Um, I do think that profitability is on the horizon. Um, you know, but really right now, our focus is to get some of our key initiatives within all of our segments, um, uh, going to sort of the next phase of our, of our product roadmap and, and hopefully, you know, all of that will continue to drive top line growth and ultimately, um, a higher return on our equity and, and profitability.

Awesome. cigarettes, CTX, and he's joining us here on Benzinga live and we appreciate that. Have a good day, have a good rest your day, sir. Thanks. You too. All right. Uh, AB are we running behind schedule? I don't think we are. I think we're somehow. No, we are on schedule. It looks like we're still waiting for our next, we never run on time.

This is good. We're waiting for our next guests, Lana chin from a newborn town to join us. I'm sure she'll be joining any. Um, let's go ahead and get cigars banner off the screen. There we go. Spencer, anything in particular you're watching today? Uh, yeah. Yes, frankly. There is a lot of stuff going on in the pre-market session today between, uh, earnings between, uh, the inflation number, like you mentioned.

Uh, I was watching Coinbase. I was watching Coinbase because I wasn't surprised by their, uh, by, by what they said in their earnings report that, you know, and maybe we can bring the chart up there and, uh, just, uh, they saw a massive slowdown, right. Uh, in, in activity. And that led to a dry mess, uh, in top line revenue.

Um, you've got two catalysts, you've got a bear catalyst, which was the negative or the not so great earnings report. And then you have your bowl catalyst, which is the fact that crypto is at all time highs, but like you said, that was going to be, my point is it's sort of a. You've got on the one hand is a declining, declining retail activity, which they themselves said.

We, on the other hand, in theory, there should be some kind of a correlation with Bitcoin. So here's your, you know, when I go down to the five minute chart, you can see here, the, you know, I guess tale of two tapes, you've got the, uh, big leg down after the earnings. But if you, if you just start right there and the stock's doing pretty well since then, um, like you said, I'm not surprised about the bad earnings report because of course this is going to the previous quarter, so it's not taking into account, uh, necessarily all the trading that's happened over the past month, two months since Bitcoin has had its epic turnaround.

Um, and the previous quarter wasn't necessarily a great one for crypto. They talked about how, uh, trading was down, like you mentioned. So I dunno. I mean, I, if you went in there and bought the dip right here, you're looking pretty good. I, I think we'll have to see kind of how if Bitcoin and. Blast through there they're all time highs and continue to rip higher.

I know a lot of people are calling for Bitcoin to hit a hundred thousand. By the end of the year. If that happens, you can bet your bottom dollar Coinbase will be trading significantly higher. But I think right now I'm just sticking on the sideline. Um, you know, waiting to see kind of what happens. Brent, Brent Slava must listen to the call and sort of Chris catchy because they're saying, oh, it's all about the NFTs, but I didn't know this until the call.

So I'm sorry guys. I guess the hyped out the NFT, uh, bandwagon on their call. Uh, so I guess that's a cannabis that I didn't, that I have not considered yet, but, uh, Hey, I have a corn based account. That's where I have my, my, my crypto through. I feel sometimes like I didn't do enough research before.

Deciding to open an account one day and, uh, on Coinbase, but that's the brakes? Um, well I think the NFT, it goes hand in hand. I think if we see the NFT hype continue the way what it's doing right now, then we'll see a theory, um, continue to arise. I mean, I think if we, if we see, uh, you know, some wind taken out of the NFT sales per se, then, uh, we'll, we'll see that in the price of Ethereum and other crypto.

So I think it's all hand in hand. The NFT though, is I think being taken more and more seriously among the, from the institutional side. So really, no, this is not, this is a Rico story. That's not a bad thing. That's not a, I'm not saying institutions are going out by. Um, a bunch of NFTs. I'm saying more from the sense that like Coinbase is saying, okay.

Yeah, we need to get into this space. Um, so more and more big players we'll see, get into all right. I'm also watching Riverton and Ford ravine. There's nothing to see right now. You've got the news feed up on the screen, right there from Benzinger probate that you can see. So, you know, not a real surprise here to see, uh, the stock, uh, going to open above its IPO price of $78 per share.

Uh, if you think back to like a week and a half ago, the original, the estimated range was what like 55 to 60. They priced the last night 78. And you can see here all the headlines we have in the pro, as we wait for Vivian to open here, we have, Sherry's indicated as high as 125. Dollars today. Um, so they're still working through the order book, trying to figure out who gets what and at what price, um, and when they get through that, we will have, and we will open and then I'll be watching Ford on top of that.

Um, I don't know where Luke Jacoby is or what he's doing right now, but I really, really hope that he sold some of his Ford costs today. He made a fan task trade, and I pulled the Ford chart. I just, I worry here, and this is a daily, so this is good. Let's keep this up. This is a daily chart of Ford. I don't know what the future holds, but if you're all big in, in Ford after this massive run, I would strongly, if it were me, I would definitely take some of my money if want all my money off the table here in Ford, if it was.

I don't know about Uribe. Yeah. I mean, anytime that you have the type of returns that Luke has had on this trade, always a smart idea to trim some of those positions. Um, but it can be fun to let them ride too. We will see real fast. What is Ford's market cap? $80 billion. Okay. What is ravines market cap going to be?

Well, the valuation was at 65 billion. What was that at? 78. Was that 78? I think that was, um, that was at 70 bucks a share. And we're now potentially $30 above that. Right? We're talking what, like 40%. I don't know that math is hard. I don't know. But, um, so is weaving going to have a higher evaluation than.

What's uh, what's the thought process behind Ford owning 10% of heaviness? Is it just the fact that Vivian's going to be a direct competitor? So if they start taking some affords market share that at least forward has some stake in the game. Yeah. Ford and GM. We're both trying to invest in, in Vivian for, uh, for, I think Ford, uh, thought they had it and then thought they lost it to, uh, to GM and the GM thought they had it, but then Ford got it back.

Um, uh, pickup trucks are the number one selling vehicle. It's Ford's number one selling vehicle pivoted to a few years ago. Right, exactly. So that's why I'm curious. It's because like I've revealed truck is directly competing with the Ford lightning electric truck. Yeah. But it's more. Yes, but it's more of a case of like, they all have to compete with Tesla in a way.

Right. So not really, I don't think the cyber truck's going to be a thing for another. All right. Here's a good one. Take it or leave it. Buyers sell cyber trucks will be on the road. This time next year? No. No. So what about this time? Two years from now? Sure. You think so two years from now? I don't think so.

Okay. Definitely not next year. Um, look I Ford and GM, they, they do, this is what they do. They make investments across the space, right? Why the GM go down then the Nico, the rabbit hole, right? It's the same idea. They have to make an investments in this space. So this is part of that. Um, all right. So young money is saying he's selling a one year out cyber truck, but buying two years.

Yes. Brent, this is new. This is our new segment. Take it or leave it. Yeah, we came up with that like two minutes before Showtime. Yeah. Let me, well, let me try to think of some more, some good take it or leave it. Well, while you do that, I'm, I'm still just watching the news feed here on reveal and, uh, I would expect it would open within the next day.

I obviously can't say for sure, take it or leave it Rivy and shares will be trading with why are we doing, I don't understand why we're doing this, the take of the, even on everything, take her to leave and take, Hey, take it or leave it on, take it or leave it, chat, chat, let us know what you think. But I go back to my point, Luke, I don't know where you are, but if you are, please sell your Ford a little bit.

Thank you. Um, because he made a great trade and I worry about days like today being a topping event for, for, uh, uh, Suffolk Ford. So, um, there's that? Okay. Uh, it is 1237. I do not see our next guest here, which means we're going to just keep on rolling. And, uh, we will have, we will have a, uh, another guest coming up at 1245.

Uh, the CEO of a equipped, uh, medical Greg Croft will be on the show, uh, in a few minutes from now. Uh, let's go back to our dock where we planned the show to. And I wanted to talk about, let's see, we hit on Coinbase. We hit on Trivian. Um, I want to talk about Disney actually, because Disney reports earnings tonight.

They're in my never sell portfolio, but we have two events coming up. We have earnings tonight and we have their, uh, their Disney plus streaming extravaganza, whatever you want to call it event on Friday where they're going to like, say, Hey, look, look, you know, all the really cool stuff we have coming up on Disney plus.

So two potential catalysts for Disney, the chart doesn't look great. Can you pull it out please? The chart does not look great right now. Um, I think it was trading around its 200 day moving average, uh, this morning, maybe, maybe the fifth today. Let's go out to the daily chart. I don't know Spencer it's been trading sideways.

It's done nothing for the majority of the. Almost the entire year ranks and nothing for the last, what the high was in March. Right. Um, we go back out high was right here March. Yeah. So we've done nothing here for, for nine months. Sometimes stocks just like to take a little break from, yeah, I know. So I want to know how you feel about this.

I want you to, you can, I don't intend to, I'm not selling this thing, but, but what can we think about this in the context of like Netflix and what they said? Cause they cause they're, you know, they pumped the brakes on their earnings report. Uh, Roku, Pomona, the brakes on theirs as well. Um, and I, I don't know.

I I'm, I'm worried, like I can wake up on Monday and Disney's. I don't know what, if we did like a straddle on Disney where we said, we think it's going to move at least a 3% neither direction that yes, actually you want to set that up? Because I would definitely, I've never put it on a spread before, so Oscar it up, but I would take that bet who is, um, you know, let's wait, let's wait for Nick to come on.

Okay. Nick Shaheen is our options guy, but what let's have Nick walk us through, uh, but he's not going to want it to it. Like I, it's not going to be as much of a Yolo trade once Nick is on your right. Nikki, Nick is not going to yellow his money on him. It's going to be very like defined loss and that's, that's fine.

That's boring. Yeah. All right. Oh, uh, from affirms reporting earnings today, uh, I mean, uh, firm's just been an absolute monster ever since the, uh, the Amazon deal. It's coming off a little bit. Well, wait, the earnings are tonight and it's already down 12%. Sounded good side. He'd be running sorority. Yeah.

Someone in the chat said, um, affirming there's 10,000 of these a day. I can't keep up. Yeah. And I'm sorry, the earnings were not out after close today. So does someone just know something we don't know? And that's why the stock is trading down. You have to look at it within the context of like, what is trading up and what is trading down today?

Oh, so many of these hot stocks are just getting like punished right now. Like how has the pop up start ups T how's that hanging today? Not great. Spencer. It's down about 18 and a half percent. Yeah. I mean, it's up from the open, but the boat that's down this upstart do loans. Okay. That was it. That was a trick question.

You're trying to get me. It was trying to get me. I know I've started. Does they do wounds? There are FinTech lenders smash. The like, if you got that right. Um, any, any other stocks that were watching some crazy movement on today? We I've been watching roadblocks all day. So roadblocks from mortgage monster quarter.

Great earnings was up about 20, no 30% yesterday. And is now trading lower, uh, by about 8%. So this might just be a little sell off after that massive rip up or, uh, I don't know. I mean, a lot of times when a company reports great earnings and it goes up like 10%, my thought process is all this can't keep going up.

And what does it do? It keeps going up. How many times have I said that to myself this year too many, but, so I actually bought some roadblocks yesterday while it was up about 30% and now it's down 10%, so who knows? Nice. Very nice. Uh, okay. We'll have our next guest on Greg Crawford in a couple of minutes.

Let's catch up on the chat. Um, happy saying reveal and shares will be indicating at 105 that's unconfirmed, but, well, that's just, that's just the block. That's just a block of shares. We have to get to the whole thing first. So, um, yeah, but you know what let's do, let's do an informal survey slash poll on the chat and whoever gets closest, we'll get some swag.

Okay. Drop your, and drop your price in the chat where we'll reveal and open know that the IPO price was 78. The most recent indication was 1 0 5. The highest indication was 1 25. Um, drop your number in the chat. What price does ravine open for trading at when, if it even opens today? That of course it opened that wasn't to.

Ah, we got some numbers, 1 2197 96, 1 25, 1 to 32 voodoo. Wow. That's Polish 81 proton 81. I think you're on the low end of that one. Proton. Uh, we got, when we got 90 in there, we got 94, 1 29 50. I love the, the, the specificity of that down to the penny. 1 25 51 to three, one to 5 93, Shelly 64 K. Get out of here, Shelly, 64, come on.

Be serious. Okay. So I seem to have a consensus of a, someone on the 1 0 5 to one 20 range. We're waiting for this. And when it, when it comes out, we will be, uh, we will be there for it when it happens. Of course, in Cal asking this. Uh, the million dollar question is where does it close? If I knew that answer, I'd be a very rich man.

I guarantee you, man. I almost, I want to bet right now. You want to bet on, but I don't know. I want to bet it closes. It closes down from the open. So, uh, you're coming from the open. Huh? That's a good, that's a good point. Cause you can't trade it. You can't trade options. Yeah, it will close up from the IPO and down from the open is my, that's not a very hot take though.

That's I think that's that's that's that's a common thing we see. There are sites you can bet on certain events on. I don't know. That's a good question, Spencer. Okay. Uh, while we digest that let's bring on our next guests. Um, this is an interesting one, uh, this, this company, uh, in many respects and you can see it in, in the chart of their stock, uh, is seen as a COVID play.

Uh, and now that we are. Uh, hopefully maybe trying to come out of that, uh, companies like our next, uh, our next one, our, our, our, you know, figuring out where they stand in the future here in a real post code the world. So Greg Crawford is the CEO of Quip to medical. That's getting them up on the screen if we can.

Mr. Crawford, how are we doing today? Doing great. How about yourself? Thanks was my, was my introduction, a fair assessment. I have to tell you as far as being a COVID play, I think you're off on that COVID is held this company down and that for over a year and a half from executing on our organic growth, although we've grown about 10% over the past couple of years, each year, we're on pace this year for 11% or so.

Uh, but, uh, well, I had, I had assumed though, cause you, you make ventilators. Yeah. Yeah. But all of our services are, uh, home-based services, um, here, uh, patients inside their homes. And we have not been able to expand our Salesforce and, and our current Salesforce has not been able to quite go as deep as they'd like to in some of the different referral sources because of the visitation restrictions and things like that.

So we think we're going to do much better once we get outside of COVID. So of all the different products. And I mentioned the home ventilation, but you guys also, you, you, you make a sleep apnea, um, uh, treatments, uh, and, uh, and of all your different products and services, what, what is, what is the highest growth area right now?

Yeah, so the highest growth area for us really, it's just across our entire respiratory category. So this year we're up about the 40% and that just over 40%, about 10% of that is organic. Uh, so we continue to see strong demand for all of our products as just the overall. For home-based care and services.

Uh, it has been going on for quite some time. And I think COVID is really just kind of brought it more to the limelight rationalization is that these patients can be taken care of in the home setting rather than a hospital setting. So, yeah, go ahead. Oh, I was just gonna say, so Greg, you you've spoke before about the company's acquisition strategy.

Um, and I'm just curious if you, if you can outline that again for our audience here today. Yeah, sure. So we have a three tiered acquisition strategy. Um, right now we would consider ourselves kind of a regional player. We're currently in 15 states, uh, uh, this year to date we've added five new states. Uh, so we continue to look for opportunities in that to expand into new states, uh, obtain new insurance contracts within those states.

Uh, and that's kind of the first tier in that of our acquisition strategy is, is really looking for so. Uh, $5 million type companies, but they, uh, they've got an infrastructure and they hold a lot of insurance contracts that allows us to kind of go in and capitalize on that particular market that they're in.

And then also add continuum markets. I'm sorry, I didn't mean to interrupt. Keep going. Yeah, no. The second tier of our strategy is to look for heavily weighted respiratory companies. Uh, typically those companies we're seeing in the five to $20 million top line revenue range, uh, and then the third tier, and that is to look for much larger, more material size acquisition from a revenue standpoint and an EBITDA EBITDA standpoint.

And right now with our a robust pipeline, we've got all three of those, uh, to date and that we've, uh, since about, uh, July, we've closed six acquisitions for a total of about $16 million in top line revenue growth. Wow. And how are you funding this? Um, mostly all cash with our. Current cash on hand. So, uh, occasionally we will, we will issue some shares if we want to align some management in that with our culture to keep them on.

So Greg, I understand there was a, a recent acquisition. Do you want to go ahead and speak a little bit about that? Yeah, sure. So we just expanded in the state of Illinois in that, uh, via the way of an acquisition, uh, was a really, uh, Illinois, a very important state for us. It's one of the top, uh, states there with, uh, patients with, uh, high acuity of lung disease and COPD.

And that's what we're really looking to heavily expand in that state, but it also kind of aligned a Metro market for us in, in that, between us St. Louis and Chicago, uh, where we currently have operations. Uh, so, uh, we were able to add about 3,700 patients and about, uh, two and a half million dollars in top line revenue and also connect to geographical areas along with some important insurance contracts to operate in that.

Greg, you mentioned COVID being a headwind in that it, it did sort of hinder your Salesforce a little bit, but I'm curious aside from that, what have you observed in the last year and a half in terms of, um, patient behavior? Uh, for context, my, uh, fiance doesn't anymore, but she used to work in a senior living community and, uh, she just recently left, but having worked in, you know, there for, for a, for seven or eight years, uh, and the changes that she saw in the last year and a half, uh, we're we're startling just in terms of.

Just their census was got so low. And part of that was due of course, to, to, uh, to people passing away, but also people not moving in. Right. So, and, and choosing to stay at home more. Uh, and I'm, I'm just curious what, what you've observed in terms of patient behavior in the last year. Yes, absolutely. In that, I mean, that kind of, uh, dovetails off of our story here in that, whereas we're taking care of the patients and the home-based setting in that, and they require our equipment and our services to go along with those particular products.

So, so that's where we've really been, uh, stepping in and making a difference in the marketplace. There we've seen trends in our referrals, in that we've primarily been hospital-based in long-term care based kind of referrals in that, which is what we, that's where the majority of our business comes from.

But we've seen a lot of that, uh, go direct to the physician. And that's a, rather than that, physician may be sending them to the hospital or long-term care. We feel that, uh, they're, they're ordering these products directly from their offices. Uh, and we think that we're also getting these patients earlier in the onset of their disease state, uh, which bodes very well for us because then we're able to keep them on service.

Yeah, this, this to me seems like a demographics play more than anything else, right? It's it's, it's, it's a family thing. It's just a bet on getting older and needing, needing more medical attention. Yeah. Yeah, definitely. There's 10,000 people turning 65 or older every day. And that's, that's really, that's our core market.

Uh, the market itself has grown about five or 6% a year. So we've kind of been, uh, doubling that the past few years. So you mentioned expanding to different states. You mentioned Illinois, uh, is the eventual plan here to be in every state because right now you're in, I believe what, like a dozen we're in 15.

Yes, absolutely. We're looking to build out a national presence in that as we continue to expand in that, uh, both, uh, organically and inorganically through acquisition. So Greg, um, as the industry of kind of home health care grows, are there areas that you think investors should be looking out for ways to kind of invest in the home care industry as a whole?

Like, is it in telehealth? Is it in companies like yours that provide, uh, equipment for people to have at-home care? Yeah. I mean, it could be all of the above. I think anything that's home-based care, whether it be home health or it'd be durable medical equipment or a, some type of tele-health or something, uh, you know, would definitely be a good investments if that's what you're looking to do with your money.

And what do you think the timeline is on that? Do you think? Uh, like the whole look of healthcare looks different than it does today in, in 10, 20 years down the road? Yeah, I think, uh, the push for home health care, and that is only going to continue in that. Uh, and I think, uh, COVID has really kind of brought that to the limelight that, uh, now physicians.

Insurance companies can see that these patients can be taken care of and in the home setting, rather than going to a long-term care type setting or a hospital or something for some of their, uh, elements that they need treated, especially with our remote monitoring patient, uh, features that we have on our ventilation and our sleep products and things like that.

Greg, you mentioned in your investor deck, the, the strong regulatory or the favorable regulatory environment right now, uh, what, what exactly makes the regulatory environment so favorable for equipped? Yeah, so for us, so there's been a program that was implemented in 2010 called the DMV competitive bidding program.

Uh, that's where the industry really had undertaken some drastic cuts from 10, 2010 to 2016. You've seen a lot of consolidation in the industry at that time. Um, but really since 2010, uh, or since 2016, I'm sorry, the industry has not seen any, uh, significant reimbursement. And the program, uh, the DME competitive bid program was set to take effect January 1st, 2021.

And it was actually, uh, Medicare had removed, uh, 13 product categories, which is essentially everything that Quip provided to Medicare beneficiaries. Um, for this round, that was to begin January one. And the reason they removed it is quote their, their quote. They did not achieve the expected savings. Uh, so.

When the rates actually came out in early January of this year and that they were actually about 30 to 40% higher in some major metropolitan areas, uh, for services that we provide. So, you know, we can definitely see why they remove those because they sure didn't want to pay us additional. So we think with where the rates sit right now, uh, you know, we're just got a clear outlook in that for what our fee for service looks like in that, uh, for the foreseeable future.

Also we've recently here in 21, we've also received, uh, some increases, um, on oxygen rates that had begun, uh, April 1st, 2021 also, uh, for home oxygen, there has been some changes in that to the coverage determination, and also for the types of patients that they cover in that. Now patients with acute diagnosis is beginning in 2022 will become.

Uh, for home oxygen services and also they've removed some of the burdensome paperwork that's required. Uh, in curious as the medical device side of your business, I'm wondering if you have seen or felt any sort of supply chain scrubbiness yes, absolutely. That's the official term, by the way, if we had to pick something wacky there in that, uh, you know, going on a headwind in the industry, it would definitely be supply chain.

Uh, you know, so we've definitely had that. We've had it throughout the entire pandemic. We continue, uh, just access to a certain products and services at a given time. Uh, but we've done a great job of managing through that. Being able to forecast what our needs are and that's really, that's still kind of driving the organic growth is our ability to actually get products.

So I think we're doing better than, uh, probably a lot of other providers out there, especially a lot of the quote, mom and pop providers out there. There's over 6,000. So with our buying abilities, uh, in our forecasting abilities and that we've been able to kind of preplan a little bit better. Yeah. I find it so fascinating because it seems like the access to this at-home medical care, it's almost like we're going back in time to when it was commonplace for doctors to make home visits, of course, with new technology.

But, um, I just think this industry as a whole, as far as being able to get medical care at your home, uh, is fascinating. We'll continue to grow. Yes, no doubt about it. I think we're seeing everything home bare, uh, home-based care or anything kind of go home base from delivery service of food and, and Dayton all the way back to get your milk delivered.

I guess you could say. You can get groceries delivered now. That's true. I hadn't thought I hadn't thought about it like that, but, uh, that's a good point. Greg Crawford is the CEO of Quip medical us here on Benzinger live. Greg, appreciate the time. Have a good one. Thank you. We appreciate it. Have a great day.

All right. Uh, let's get that banner off the screen and we're going to have our next guest on in a couple of minutes. Jessica Kaylor will be joining us. So, uh, we'll be talking some trays and some charts with Jesse at one O clock. Uh, in the meantime, Riviera has not yet opened. I actually, haven't seen a new indication in a few minutes.

Talk about Uber puts in the chat. Yeah, a lawsuit. Um, I guess from the DOJ regarding the America, the ADA, the American with disabilities act. Um, again, we talked about this off the top of the show, right? I just don't for whatever reason, I just don't think. The street really cares about this kind of a headline?

Well, I think what's interesting. And what I always like to do is if I'm looking at a company like Uber, I want to see its relative strength or weakness compared to peers. So obviously with Uber it's biggest, uh, peer would be Lyft. Uh, but you have others as well. Like door dash is up a bunch today, I think on strong earnings.

But, um, the, the fact to me, when, if you just look at it, I mean, Lyft is down too, but Lyft is down about one, about 1.3%. Well, Uber is down. Let's see about, about 3%. So to me, that's showing saying that look, investors are, uh, you know, there's more sell pressure on Uber than Lyft today. And I don't know. I mean, I, I can get behind some Uber puts, I already don't like Uber.

As a, as a, as a stock. Really? Yeah. I mean, the company just has profitability issues. They have a legal problems as easy Mike is pointing out. And like you said, let's zoom out on a weekly. No, let's go to a monthly on Uber, Spencer. You were talking about this the other day that you, you just think the, um, I guess business model of, you know, the, the food delivery, the Uber, I think it's wrong.

I think that, I think it's terrible for small businesses. Yeah. And I mean, I don't know. I think, I dunno. I, I, I'm looking at Uber puts, I'm not saying this is this stock's going to trade lower in, in the next week. I don't know. I don't know. Make a call. Um, give us a hot take, make a stand standing for something.

I am buying I'm tailing. Easy mic, easy mic. That's good enough for me. Okay. All right. And the fact that I already don't like the business model. Uber, uh, for whatever it's worth, um, is, is, is trading above. Speaking of IPO is trading above its IPO price, um, and above its opening price of $38. So it took a long time to get there, took over.

It took over a year to get there year and a half, but, uh, finally falling in the black, if you bought Uber on day one, um, okay. Are going to keep our eyes on reveal fun, just to see in this pulpit chart here, just to see when it opens. I don't think it, it has, uh, our IVN. It has not, but when it does open, we will know, and we will talk about it.

But in the meantime, let's talk about, uh, some other charts with Jessica Kaylor from elite trading. Jones's every Wednesday on this show, we'll bring him on now, Jesse. What's up, man? How are we doing? Oh, it's doing great. How you guys doing? Uh, we're hanging in there, man. Hanging in there. It's Wednesday. It's daylight savings.

It gets dark at like two o'clock now. And, uh, it is what it is. So, uh, what stocks do you watch them today? There's a lot going on out there. Um, I was watching the bank stocks, uh, looking at some hotel resorts, you know, rrr. Um, I've been looking at the Neo node. The one that I brought up actually with you guys, uh, sometime early last year when they were around six, we, we had that target of nine currently.

I'm almost breaking that $10 mark. So I was going to go show you, share that one off today. Um, but let me share real quick. Did we, do we just get, do we open up

our, it was $6 and 75 cents. $106. I have to refresh my, my chart now $106 and 75 cents for revealing bada Bing, bada, boom. I'm not going to go back into the chat and see who came close. I'm sure one of you came close here. It's 1 0 8. It's rolling. Let's see, I'll go. Since Spencer refuses to. Thank you. Thank you.

I appreciate that. Yeah. Uh, we had someone guests one 10. What, what was it open at 1 0 8 grant Gibson with a 1 0 9 oh oh Dunkin. Bracey no. Oh, wait a minute. We didn't say what we're doing. Price is right. Rules are not. What is price is right rules. You can't go over and go closest without going over. Dunkin Gothic hosts without going over.

But technically grant came closest. Ooh, wait, why did grant come open that? What 1 0 8 74. Sorry, James sands. He has, he always says hi every day. We had a couple of guesses for 1 0 9 AP grant Gibson. Um, yeah. So good guesses in the chat, everyone.

200 and then back down to, no, I, you, you can talk me into one 50 as in the next, like 10 minutes and then, and the end of the day at like 90, but, uh, I think 200, 200 tad high. I remember, uh, when Coinbase opened, it opened at what, like two or 180 or something and went all the way up to like four 50 and came back down.

Oh, ribbons already. Let's see. Well, there's your first road. Nice little red candle. There always wait, it was one of a six happy saying 1 0 6 75. Wait, did I misread? I may have misread it. Oh, it is 1 0 6. Oh my God, Spencer. I screwed up. I messed up. I screwed up. I thought it was 1 0 8. This was one of those off by only $2 back.

I, I take back what I said about who was closest. So we're looking for 1 0 6. I'm sorry. I'm sorry. My mistake. I'm sorry. 1 0 6 75 IPO price. It's 78. Congrats to all those people, because they're now making money on their long-term investment. Right. Um, anyway, so we got sidetracked with Vivian. Can we go back to what was on your list?

Yeah. And just talk in, um, touch us. I just shared your charts. W w this is Teledyne. Yeah. TDY. They're the biggest competitor to Nia node. And neon was the one that I was talking about earlier, which is touchless. They do like touch of technology for like elevators, um, things of that nature for the future.

So. Um, I will have a future. Yeah. Where, you know, a lot of people go in a lot of button touching. You don't want to get in and touch the elevator button. So if you could go up and just like, put just barely even put your hand over the button, then it'll actually put it up, pull it up for you in there. They got a big contract for that.

And then they also have it to where they can attach to windows 10 capable computers. And it makes their screen touch screens, uh, touchless. But, well, this reminds me of a game that we used to play when I was a kid, uh, my cousins and I, whenever we w the family would all go to a hotel or whatever the game was run until the elevator hit everyone at the same time and see where you see where it takes here.

And you wonder, how do you want to know how that game ended? This is the true story. You all know how that game ended and did it with us stuck in between the floors a little bit. Yes. I swear. I have a cousin who to this day will not get into an elevator with. That was like 20, it was 25 years ago that this happened a little bit less than that 20 years ago.

Uh, and he will not get into an elevator with me cause we got stuck and true story anyway. So nobody get on the elevator with a joking. Hey and real quick, other side note, uh, that was actually not my first time being stuck inside an elevator. I've gotten stuck twice. Um, the first time was actually I, uh, the doors closed on me.

Um, when I was like six years old, it was a traumatic experience. The bottom line is, do not get into an elevator with me. Okay. If the bottom line here. Um, anyway, let's go back on the charts. Yeah. So we were on, um, with you guys back where this line is here and near at. Um, . Of 2020 and we were watching the same play and we were talking about it as touchless technology.

I think I just felt like it was, this is an old company they've been around since 1976. So it's not like a new company and they've, I think this is just finally the, the environment that they needed to. Maybe break away. And when you start looking up, okay, who's are their competitors and you look at TD why a $400 stock, you start thinking, okay, maybe there's, there's a space here that hasn't been touched by a lot of people.

And these there they've been in it for a long time. So it's just kind of a long-term idea. Play for me. Maybe they get into this whole metaverse if there's a lot of need for touchless technology in the future. As in video gaming, uh, health wise restaurants going to touchless, um, ordering, servicing stuff, like order style.

Um, I think that this is, I think they have a lot of room to grow, so just one that I'll be watching, but today in particular did take a little, um, position in GLD. Um, that was. What are you a boomer? Nah, just, I, I heard triple D talking about it and I was like, you know what? I'm already, I'm already thinking banks, everyone in the chats going and talking gold.

And I think that, you know, it, wasn't working for a hedge play for a lot of people, but I just wanted to get maybe 80 cents to a dollar, just a little bit, just to have some green today out of the red morning, I woke up to and I made, you know, made that, made that dollar I needed out of them. And I'm not a huge move in a stock.

That's $173, but at the same time, it, if it's green, it's green, right? Well, for people like me, that's looking at roadblocks and trying to figure out a way to play roadblocks when it was up 30% yesterday. Now down 10% today, or 8% today. Uh, w what are some options on how we can, you know, play this? Um, if you're synthetically longer, you can sell, puts that are deeply, um, out of the money, maybe, and at a, at a position that, you know, maybe a strike that you would feel comfortable buying them.

And then you collect that premium every week or month until it gets down to that price. And until you're willing to pay for it, and you use that money that you make off the premiums to pay for more of the shares. Okay. What, so, so what if I sold puts at like $80 and then I bought a put at, I dunno, 95 or something.

So if I thought it was going to continue to go down for a little bit, but not all the way to my lower strike price, then you're going to make that money off that 95 all the way as it goes down. And then you're going to also be able to collect that premium as long as it remains above that $80. You just want it to just end up between 80 and, um, what'd you say?

95? Yeah, something like that. I mean, do you think something like that? Is it. Uh, yes. If you, if you're, if that's the opinion that you're taking on it, you know, if you think that it's going to fall, um, below that range, now you will lose that 95. If it stays above that, you know, you're going to lose out on that, whatever you pay for the premium on the 95, that's a potential loss there, but, um, it's going to make the, the play possibly a little cheaper for you.

Um, it's a good way to do a spread, you know, on, on a stock that you're comfortable with, that you want to buy. Anyway, I would, I would strongly recommend for anyone that's trying, in my opinion, to buy a stock that they want to get in what they don't think that it's at the price they want to buy it. They just sell the puts at the price that they want to pay for it.

And then if you get at you get, now, it can be dangerous, especially with Snapchat. Why didn't I do that? Well, so, so, but if I wanted to just sell. And I wasn't doing a spread. You need to have like a certain amount of money in your portfolio to be able to do so, correct? Correct. Yes. But buying us or doing a spread versus just selling the put alone makes it a little bit more affordable.

Yes. It alleviates some of that, um, equity that you have to have. So it's, it's all about positions. You know, how, you know, when you're talking a hundred dollars stock, you'd expect someone to have that decent amount of, you know, buying power available. If they're looking to buy a hundred shares of a hundred dollars stock, you know, that's a, that's a big, that's a big one, you know, I think, um, that we're talking, but it's good for people when you're talking, just trying to make premium, even just to, just to do it, like uses, like you just suggested you could do that same way by the 95, sell the eighties and collect that premium regardless of what you want to do position wise in the.

Got it. Uh, rich Williams saying good afternoon, everyone from Florida. Good afternoon, rich. How are you doing? Let us know in the chat, what stocks you were watching. We'll go ahead and take a look at them with Jesse. Uh, Jesse, any other trades that you're looking at that are setting up for you? Um, I did want us to just see where it's at one 16.

Oh, nice. I'm also watching China stocks here. Cause I guess easy Mike noted it and I don't even know who care, but every grand officially defaulted. Do we care about that? I'm watching China. That sounds bearish for China stocks, right? Nah, that sounds bullish. Cause we brought the dip. So, um, but there has to be a dip to be bought.

The dip already happened now we're buying it. Oh, okay. Beautiful. Oh, I'm watching something that I wasn't even mine on my radar until yesterday. That's highs on motors, a ticker, H Y, Z N having a breakout today. I've got some open calls on the stock. We had them on them. We had them on the show. Highs on uh you're you're going to helium.

No, no, no. You sure. Yes. I'm sure they, we had them on one of, I don't remember which show take it or leave it. We've had highs on them. I'm going to anyway. Keep going, check the calendar. I will. So you're making some money on those calls. Yeah, they're up nicely. I w I, it was kind of a smaller position for me because I didn't, um, honestly really know a lot about the stock.

Um, but the chart, I don't know. I don't know why, what caused me to buy the calls on it yesterday, but I did. And they're up, let's see. Total return of 38% right now, 62, and then watch right now. So it has to break out of this 6 62 will be your, your next resistance, I think. And then if it breaks through that, then you've got a nice little move to the upside.

I think Vera, right? One of our small cap conferences, honestly, what I was looking at it. And yesterday, when I, when I bought the calls, the stock was trading at about like $5 and 80 cents. And I was reading about the company and I was like, this is a woman. $0.5 billion company that's in the V space. Uh, I think it's worth a flyer at, at five bucks or whatever it was at.

And the company just happened to put out good news today and the stock's up a bunch. So sometimes it works out. Sometimes it doesn't,

uh, yeah, I'm pretty sure we had houses on one of our small cap conferences, just FYI. So it wasn't actually a show, but you get the idea. Um, what else here? Uh, again, keeping an eye on easy megawatts wants to know about EDU. Yeah. I'm keeping an eye on all these Chinese names right now because I called it out.

And like, you know that at a 180 in the chat, um, was when James and I got in, I was like, Hey, I think 180 is going to be a good, uh, Uh, good point for, for EDU. And then it just went straight up after that. And we sold, I was like, I'm out as a, you know, when you get 60, 70 cents on a stock like that, I was like, I'm outta here.

This is one of the sectors that China came in and said, Hey, we're going to make this. So it's like, non-for-profit. So how is this company even going to make money yet if it's, uh, going to be running, do tutoring now. Right. I think that's what they said like last week, but see, it's leveling out at $2 now.

So you had your run-up 50% retracement. And then now it's going to come back and try to attack that two 40 to 50 mark, and then it either or break or breaks down and makes a new low, you know, it could kind of go down to a dollar 50 again and come back down here to this 1 75, 1 50. So in my opinion, you put your stop out right there at a under 1 95.

So you may be one do a 1 75. Stop trying to get another, trying to get a two to three to one ratio on, onto the upside and get back up to that too. Can you pull up, uh, the spy chart real quick. Uh, Jesse, I don't know what happened, but, uh, um, what happened? People are taking some profit off the table. You get one day of a red and Tesla, just like triple D said, and it's going to change the sentiment across the board on how everyone's feeling, because I think a lot of people went from, okay, put a lot of risk on the table, too.

Maybe I was a little late to this party and thinking that it was just going to be easy-peasy and keep going up. And then we just got to get what they call is the rug pool. And I think you're witnessing a nice little rug pool and you're going to probably see it go all the way down to 40, 61 42 before you, um, catch a real, a real, uh, buyer coming in again.

Alright. I am watching ravine and Ford together here because wherever in is still going for. 40 44, obviously ran up on this headline for the last couple of weeks. It was, it was running off into the river and IPO. Uh, and now that we are actually open, the ravine is actually going higher here. Ford is doing those sorts of thing.

So again, I reiterate if you're a certain person that had, like, I don't know what, I don't even know what strike Luke had those calls at. If you had like $6 calls in Ford, for example, from like February, I would sell some, just putting it out there. I agree. I agree. Um, especially, uh, I knew some people and even in our group that have, I mean, one he's made at least 30, 40, 50 grand off of this, this play with Ford.

And, um, just by selling the way that I kind of told 'em okay. You guys are yeah, Erin, sorry. I was gonna, I was trying to go a B, and I was like AB and Aaron on my head at the same time. So I was just going with earlier. Um, what earlier, when we were talking about how to get into roadblocks, he was basically saying, you know, I'm going to buy four chairs and sell out of the money calls and buy out of the money calls and ride this thing all the way up.

And he, and he has been doing it since I think 10 bucks. So he killed it. There you go. Yeah. I mean, I mean, Luke gave it out as his 20, 21 stock of the year. Last January when the stock was about eight, $9. And it's gone up over a hundred percent since then. So anyone who's been in the Ford trade over the past year, congratulations, as Spencer said, we've hope you've taken some profits on the way up.

That's what I did. I'm out. I haven't been in Ford. Ford is in my IRA. I'm not, it's just been in there since about it's actually let me check right now. I'm not, I'm sitting, I'm thinking for an experience, right? I've been on a Ford since like 13, 14. I think I ran it from seven to 13. I have a lot of red positions in my eye.

So I opened an IRA last January. So I've had it for almost a year. Um, the poor this past, this past one this past January. So I've had it for about 10, 11 months. See, I'm pulling up right now. The portfolio as a total is up 20%. It's probably about in line with the market. Had I just bought, um, spy or something, but what's, what's been helping.

It is only two stocks and that's Ford, which is up 80% from where I added it at an Nvidia, which is up 121% from where I added that. Pretty much everything else. I've got Neo in there. Um, I've got quantum scape in there. I've got Southwest airlines in there. Everything else is in the red, but Ford and Nvidia.

Can I ask what while you're up here today? Yeah. You said 20, but is that, is that right? Is it actually 20 or is it. Um, it's 20.71. All right. So you've owned it, performed with a NASDAQ in this way, and I've underperformed. I want to give a update on Uber, easy Mike's call out. He literally said it as, as he said in the chat, when we were talking about, I bought that and I put it in the chat of $44 strike, put a weekly and I'm up 15%.

Since you said that, I also bought, I also bought some, Uber puts them up 10% on them. I bought the month, the monthly aesthetics. Yeah. Put your money where your mouth is. I heard it. We're going to do it. I said I was going to do right. So I bought the monthly set expired next Friday, November, 1921. Now let's go.

I'm up a, yeah, about 12%. So w w Y can you walk us through why your weekly puts are up more than my monthly ones? Because the I'm in the money at 44. What's your, what's your strike? 42 and a half. So you're one year out of the money. So it's less likely for you to get there. Um, The more likely it is to be under the strike is the implied volatility will change or the implied move will change.

So therefore the premium will, will be exuberated by basically, you know what? I always call it like the Phantom, uh, money that's placed into options. And when you're going to buy it, your premium, you'll be like, man, why is this? This stock just went down 50 cents. But I didn't, my option is not worth any more.

It's only a dollar more it's because they don't believe, you know, overall the overall buyer and seller doesn't believe that that's going to get to your strike price by that date. So there has to be a feeling or a, or something showing that it's going to actually get to that point. Um, and it all depends on how the movement is.

So let's go to Uber and I'll show you. Um, since we're right there at 43 90, it's evident and it's happening that it's below $44. So there's a possibility by the end of the, on the 12th in two days that this stock could be below 44. Now, if it blasted down to 42 50, then you would see a big increase in yours, you know, big time because you, now you have a lot, you have more time on me and you're in and you're in the money, but I'm going to be $2 in the money at the moment.

So it's going to be about equal. Got it. And, um, if you don't mind, let's pull up roadblocks his chart real quick. Cause to me it looks like we're at kind of aligning in sand right now. Um, where if you go on a more, uh, you know, maybe like a five minute or 15 minute chart, it looks like we've, we've hit some support where we're at now, but if it continues to fall through this, then we, we could be in some.

Yeah. I mean, this is that moment where if you're in that $95, uh, put, you're making some money on this move right now. Like, as we speak, it's dropping and I did open it, I did open a spread and it's up about, uh, wow, it's a 43%. There you go. See, that's that right there for me on those, on those candles that you, if you catch that on an option right now that premiums getting so, such an increased that I'm trying to sell, I'm going to put it out at like a 95, 80% gain and just sell and get out of it.

And I'm like, man, I made that move. I don't even have to wait and hold my breath. But, um, when you're buying options that you could have bought this option, you know, let's work on a 15 minute candle. If you would've bought this thing. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, so 10 and 11 candles ago. If you'd have been bought this two hours ago, then you would have probably been actually looking at a red trade at the moment before that this last previous red candle.

Now, right now, as it's bouncing up, I bet your what's your percentage yet, right? Um, 42 38, 30, 36, and then it's going to bounce up and you're going to go to like 16%. Cause it's going to bounce up and try to hit this wall at 99 or it just continues to flush and go down because it has broken out of that trend line.

It looks like it's going to come down all the way, at least to do a 50% retracement back to, I can go back down to 90 50th of breaks, 95. Okay. There we go. But if you start retracing back right now, then you're going to lose all that premium on that, um, contract, if it goes back up a dollar to 99, it'll it'll eat that away again.

So I know, oh, it went through that line that I was watching. So I'm kind of expecting it to continue falling, but I'll have to keep an eye out to see if we do get that bounce back up. Cause that would definitely eat up, uh, the value of some of those spreads. Absolutely. Martin review and hang out. Yeah. I should probably get off a one minute chart here, but you can't help it.

So one 11 just sort of hanging out, uh, not quite at the midpoint of the range of the day, but close enough. So this looks like a juicy point for people who are like, you know, what, if I'm going to try, I'm trying right here, right here at one 10, but just a quick 4, 3, 4 bucks just to, for it to bounce right up.

I, I, if I was to buy this, I'm buying it right now at one 12 and put it in order to sell at 1 14, 1 15, just to get, boom, let me get two to three bucks real fast. So some people are thinking what you're thinking right now, which is find the ones. Well, so, uh, so watch one 15 and then it's to, you know, that you could get that feeling just seconds on that kind of tree.

Yes. So, um, but there's a lot of risk there. It could also flush back down to one to five and lose five bucks per shirt, you know? I don't think it's going through. I think it's going to, it's going to give you some type of pull back right off of that. I mean, that's a 50% move on that first green candle on 15 minutes.

So we close this candle at 1 15, 1 14 ish painter. And he was looking at the V well, I guess I should've brought that up, but I didn't, we can do that right now though. Let's take a look and view up. Yeah. View up is like, what? One 10 something. Yeah, you get up, you put in an order at one 10, stop 1 0 9, put in an order to sell at one 12.

You have a two to one or three to them. Yeah. I mean, you're, you're exactly right. Pain, uh, pain. And there's the bounce off the view out three times. So, um, interesting, interesting trade today. All right. All right, Jesse, we've got five minutes left. Uh, what else was on your radar today? Hmm, I had it in here, but I took it off my phone because we were, we were just going on, on and on there.

So let me get into, uh, The last, because I just want to make sure I, uh, pull up the right one. Oh yeah. I couldn't remember what it was. Are, are we talked about red rock resorts, so nice move in the last, uh, day today. So I got in this one, that 1 0 9 90 and it's at one 12 now. So that was this morning, a nice move.

Um, out of our, our, our red rock resorts, I believe that you're going to see what they are, I mean, or who they are, like, who do they own? Give me now, but see, I don't know a lot about them. I was looking at it as a chart basis as technicals. And then also just the fact that the reopening trade was starting to come on a little bit with other what's like the hotels and, uh, started looking at like Mary Mar.

And there was just kind of a trend CMR just got hit though. So the hotels aren't doing as good as I guess, the resorts, but we can I'll I'll, I'll do a little bit more research on our R C Y M, like who they own and where they're at, but, um, we can just do the technicals. We don't care about the fundamentals.

We don't do that. I was just curious. We were just wondering, you know, I don't know. Yeah. Anyway, right. Still got five minutes left. So I got to pull something out of us though. Um, I'm just keeping an eye on my scanner. My Benzinger pro scanner keeping an eye on my new seed, seeing keeping an eye on the chat.

I'm Mara selling off in the past couple of minutes, M a R a a had the earnings pop of this orange pop of this morning. Um, let's Pope a Mara chart here. There we go. Um, yeah. Yeah. Wow. There's a, that thing is just hanging out in the middle of the clouds. Isn't it? Yeah. If you say, Hey, let's get an update on those.

On those Uber, Uber is continuing to fall. I bet you're up nicely on them. Um, 35%. Pretty good. Yup. 35%. And about 20 minutes you do that every day 30. So look, it has some good returns. That's the goal. I mean, that's how I tried it. That's how I basically do my training in the morning between, you know, that's why I even mentioned, you know, putting me on the, um, Monday mornings.

It's you guys and I'll do some live trade with you. It was like, you know how I try to trade with options? And I like to get 30, 30%, like, like right now, this is more of a, I bought it for $67. So I wasn't afraid to lose that. All of it. So I'm going to let this one go for a hundred percent this as the Yolo play.

Um, just to see if we wake up tomorrow and it's at 43, I'd like to see if it gets down to 43, 42 50. Then I'll, I'll, I'll get to where my price target is. And there's no stop-loss on this one, but a lot of times what I'll do, let's say, let's say it was like $280 and I'm spending 250, $300 on an option. Then I'll set my lip.

My stop-out about 60, 50, $70. Uh, and then I'll just look away and never look at it again. And I know that I'm willing to lose 50, 60, 70 bucks on it because there's a lot of times where you can see something happening on a chart technically, and you want to buy that option because you're like, man, I want it to get there, but there's so much that can happen in a short timeframe that can change your percentages and what your, what that option is truly worth.

And in a short amount of time that if you stare at it, it could take you out of the trade when you should've just been in for five or 10 more minutes. So a lot of times I like to set myself up with a stop loss on the option before I get in. And then just kind of, I won't necessarily look away, but I'm not going to look at the actual position.

I'll look at the charts and try to play the chart. Yeah. So it's, it's, it's fun stuff, especially when you see I'm up 41% on that now. So, you know, with you see it in the chat too, and then you pull it. That's how I get a lot of my trades. I go, I go to your guys' show all day long habit in the background and I'll watch the chat, the chat, and someone pulls up a stock and it just helps me look and see what's going on with it.

And if I see a, an opportunity to take a position I'm in yep. Shout out easy Mike, in the chat for that article. Uh, Jesse and I both are up on our Uber puts a and our next guest to Nick Shaheen. And he'll be able to talk to us about some options. Uh, of course we will ask him about the, the Disney earnings.

Cause I know Spencer. Yes. Spencer's looking for a way to play the Disney earnings with some options, potentially. Do you even have, do you have options traded and on in your brokerage? Yes. Yes, I'll be, uh, definitely listening to Nick. And if anyone down here is listening, smash that like for myself before we get off here, but smash, I liked for Nick.

Cause he's going to hook you up with some great option knowledge. Um, I'm just, I'm not like you, I'm not going to like Yolo. You're an options trade, but I, all my portfolio, I know, I know I'm like, I can't do that, man. I, I just don't have, I wish I had the risk tolerance for that type of behavior, but I, but I don't think trade options at all.

Do you sell calls against your position that covered calls or do anything like that? I talked about doing, I talk about wanting to do it, but I don't, I don't do it. I'm all talk. No. I wish I had never like started selling or not selling buying options because now I just get bored, like buying stocks. I told you to stop buying options.

So someone sent you to the casino of trading and they taught you on black Jack. And then they showed you the roulette table and you hit 35 to one odds on a a hundred bucks. And then now you're sold for life. By the way, is also going to come on and tell you not to buy options. Selling options is where it's at buying options is for fun.

And that is literally just, I'm learning how to do spreads. Now, look, I've got no sh I'll pull up my, my Robin hood right now. Oh, please. Using options is your position by selling, you know, synthetic foot, you know, being long. That's a good way. Other than that, you know, selling weekly calls against your, you know, covered calls against your position to protect you.

Um, So here were the roadblocks spreads that we talked about. I put a couple different ones out there. Of course. I also have like a Yolo one 10 call. That's just getting absolutely hammered today. Um, but these spreads are up nicely, 37%, 76%, uh, another Yolo Baba call getting hit hard here that Uber puts that easy.

Mike talked about up 30% on those. Here are the highs and calls. So overall not a great day for me, but at least I'm making up some ground. At one point I was down three 50. Uh, now I'm only down about one 50, so who knows. We'll see if I can get green by the end of the day. That's the question. Jesse Kaler from elite trading joins us every Wednesday at this time to just hang out.

Talk about stocks. All right. Uber, Uber, over to 40 bucks by tomorrow morning. Check it out. I'll be up nicely if that happens. Great. Alright. See you Jesse. Hey, let's bring on Nick Shaheen. Sorry. I keep stopped doing that. I keep wanting to bring Nick Shaheen on the show because he is where I learned. Not that I know a lot, but everything I do know about options, I more or less learned from I haven't taught you anything.

You have not told me anything. No, at least like don't buy. Oh, that's true. Okay. You have told me what not to do. Okay. Yeah, yeah, yeah. That's fair. Which oftentimes is a far more valuable lesson. That's true. Uh, Nick Shaheen is the author, the author of the Benzinga options newsletter, uh, also, uh, create income with options for, and joins us now.

All Benzing alive with the video, Nick, what up I'm watching and I'm excited. I like what justice saying. I love conviction. Somebody that knows their charts and tells you with confidence that this is what usually happens. It, it may fall short sometimes, but if you're, if you stick to your confidence levels, you'll get results case in point just now, when I was waiting, you guys were talking reveal and I was like, what is this revealing thing they're talking about?

Joking. Of course. Um, so I posted in the private chat to you. I gave you a levels. You did. And you did, you did . I know I saw, I saw them. So this is what next time he said one 14. This is a, this is, uh, eight minutes ago. He goes one 14 on the 32nd chart. I don't have that kind of patience. I don't have that kind of attention for 32nd chart.

Um, and then he said, then your a one 11 must hold or ask to go into 1 0 9 and then let's pull up that chart right now. And I don't know why I have wish up there. I'm going to do you. Why? Well, let's get wish off. Let's get ready. I can share my screen if you want. Yeah, that would be great. That's good. Okay.

So are you authorized to have 30 seconds? They don't give it to everybody, you know, not no riff Raff. I'm just kidding. I miss you. By the way. I don't talk all the time. Wait, I don't actually know Nick. I don't know if we've ever had a chance to meet I'm Aaron, by the way, do we have 32nd charts and fencing up?

Hold on. I'm talking to Nick tight type in 30 S see if it comes up for you. I type in the window. 30. Yes, no. Oh my gosh. 30 S S that's 30 minutes. I'm doing it. I don't think we can dive into the letter. S S I don't have access on my keyboard right now. All right, let me share my screen. Let me share my.

Please, please. Yeah, you can do that on the screen. Share button, uh, share screen. Okay. Yeah, sharing screen. Which one? A screen one. Let's go lose your Colby. Can we get 30 seconds? And in your pro please. Thank you. All right. Yep. So can you see my screen? There it is. Yes. So that's the 32nd chart right there.

And this was the quote and I drew the box as soon as I posted it, because that was the range you were ping-ponging in. When you see a candle wick here in here, if they break through one edge or the other they'll extend in that direction. So I knew that if they lost this one, they were going to hit 1 0 9 and they did.

And now you better hold these wicks. Otherwise it opens the door for unknown levels they're below. So this is not my jam. I don't, I don't trade this fast, but this applies to 30 seconds. One month, one day, one week concept. Uh, you have to look left on the chart and find the levels that really matter.

Instead of watching red ticks, like if somebody saw this stick here, they'll capitulate, they'll panic out when they shouldn't, because that's where support is from here. So if you respond to the candle, your FOMO kicks in versus look at the levels and then act accordingly. All right. So fun stuff. I was listening to you guys.

So I looked at, um, I forgot your name already. I'm sorry. I just call them a, B Aaron. Okay. So Aaron AB okay. I'll call you AB so, um, Aaron, the, the thing you showed about your portfolio, so you, you rambled off percentages. That's great, but you should pay attention to the dollar amounts because that one red, one eight up looked like air math, a lot of the greens that you had, I'll pull it back up so we can take a look at it.

Um, Uh, so yeah, we have the, the one row, two, two things are really dragging down my portfolio today. It's the Baba call and the roadblocks call both expire next Friday, November 19th. Um, definitely like at this point, Roadblocks is showing so much weakness. Should I just sell this call, which I can still do for 110 bucks and ride with the, these spreads that I have that are actually making money right now, these roadblocks put spreads.

So here's the question that I usually, I get this question all the time. Should I sell it? First of all, you should be able to answer that yourself because when you take a trade, you should immediately set a stop and that stop loss, the stop loss could be in several different ways. One a level like if you took the trade, knowing that you're banking on this support, and if that support fails, you should be out win or lose, or a pain level.

X percent gets me out or X dollars gets me out. Um, then you're not second guessing yourself before you get to trouble. You know where your trouble line is, where your confidence level fates. So if I was holding this call, I would bank on, uh, 94 50 holding. If that 94, 7 47, whatever that low sales, then you have no.

94 50, you said? Yeah, that, that last bounce level, that wick from yesterday, the tail end from yesterday. So let's see if I can get into 60 seconds here. So this, this guy right there, if that doesn't hold, when did you buy the call? First of all? Um, so today, this morning, roadblocks opened down about, I want to say seven, 8%, and then it looked like it was coming back up.

Uh, and I bought it on the way up and then it was going up for a second and then just came straight down. Okay. So I think I got kind of faked out by the chart. Here's the thing. I like the stock and I went long earlier. I shared long's lower. Do I have lines? Okay. I have lines. So this was the breakout opportunity.

It didn't happen, but I would say don't chase it right here until it breaks out. Just to show your proof that it's going, otherwise you get faked out. So when it comes to a prior failing points, oh, okay. It exceeded it, but it's one candle on it, reaction. Um, it is never a great opportunity. Did you buy a call?

That's like the worst way of getting long something, uh, buying shares is even better, uh, because then you're not so time tied. Um, but buying calls up here is like the worst thing to do because you're literally at the mercy of every tick, especially shorter, shorter, shorter dated calls. Uh, so sometimes if I get caught in the trade and I still want it, I changed the risk profile.

I take the time. Uh, you take time out of the car or fix the time element. So either salvage, whatever you have left and throw it out in a spread out in time. So it doesn't die every tick or take the money you got left and sell it, put, spread below it, um, in order to stay long, but you don't need a rally.

If you believe in the value of here now, I never chased a stock like this. This is where you say to yourself, you know what? I missed it. And this gap here, not that every gaps fill, but this is like a sore, like what? That doesn't look right. So I don't know what they said in there. So if they said something changing this, you know, years ago, I don't know if you were trading, Baba did this, but they, they had a report and everybody said, whoa, did we have this company wrong?

And it just leveled up and it never came back. Well, maybe now it did after this just saying no, no, no, no. That was years ago. Like it could have like, let me see if I can see it on a chart. Maybe I can see it. But the point is, um, very rarely do companies level up like this and they never look back. I mean, that is a big level up.

Um, I want to say it was here somewhere. All right. It just took a big level up and they never looked back, but maybe not. I don't know. Is this Baba? Yeah, strange. I don't see it now anyway, but it's rare that they leave a gap that big open in that four roadblocks. So what to do with your calls, you should be able to answer that.

I can give you an idea on levels, which is if this one is lost, then this is open for taking not all of it. At least tonight. So if you're calling to call, cause I was surprised it still had the, I could still sell it for 115 bucks or whatever, because to me, this is where you got saved by implied volatility.

So the Ivy must've spiked on it or as high enough to where, you know, like in GME, one time I bought a put and it rocked, it rallied like 30, 40%. I made money on my foot. I looked on my, um, my screen, the puts and the calls were green, uh, that never happens in the, you can look on an options chain, you see the put side and the call side, both.

That's crazy. So the opposite happened as well, where there were people that bought puts when GameStop had, had spiked all the way up to its peak and the stock ended up going down a bunch and their puts were in the red because we had, yup. Yup. That's what happens on earnings when the, or you guess up you buy calls, uh, the stock bounces in the morning at the open, but all the implied volatility that gets cut in half.

So half of your profits is eaten up by this, uh, implied volatility disaster at the open. That's why, when you want to go along a stock on earnings, you should use a calendar of sorts. So you buy the call out the next week or out further, uh, two, three weeks to get the normal implied volatility price. And then, um, you sell something shorter, dated higher, which is inflated.

So give, if you want to see an opportunity of that, who's reporting to them. Disney Disney. Oh, they are Walt Disney. It's a, okay, so maybe we'll get lucky. This is E-Trade the practice platform. I'm not recommending it. It's full of bugs, but it's as good as anything. So check it out. This is the visual of that.

So this is the normal implied volatility for Disney. This is this week. You're paying up, um, a lot more than you should for the implied value. Let me show you, this is this today. This, this week's contract implied volatility is right here. Uh, this is if you can't see it, the 89 to 90%, the implied volatility.

Okay. So if I get out of this one, we'll go to next. Next week will be slightly lower half. That's a pretty big differential. The further out you go the cheaper. So if you buy something in, say December 3rd, if you buy a call, um, this one, the 180 call, or let's go into one 90, it's a dollar 60, but this is the going price for.

Normally earnings or not. If you buy it in once one 90, we said, if you buy the one 90 here, it's 80 cents. It's cheaper at the face value, but you're paying double what it should be. So tomorrow at the open, say price does not move an inch. This will fall in half just from the open because the headline is good.

Price movement aside. This will drop in half. So if you guess up to your point, Aaron, if you guess up a lot of the profits will be eaten up by this deflation in volatility. So what's the strategy is to, if you want to bet up or down, you buy something that is like, nah, I don't want, I don't know if I want to bet operating on.

I want to bet both. You know what I mean? Okay. Betting both is a sucker's bet. So think about it. They call it, I'll buy it as throttle. Um, the market makers sell the straddles to make the market. So if you think you're better than the market maker is by the straddle. Okay? I'm not right. So you can win big time, but you need a big move and you need the market makers to lose money on it.

Because anything outside of I'm doing air meth here, uh, eight bucks up or down is not expected. In two days so Disney, we shouldn't do what I told us about. What did you say? I said we should apparently argument. No, Nick, is it a strangle or a straddle where you're playing both sides? Hoping for a bit, they're both playing both sides.

The straddle is when you do the call and to put at the same line, 1 75 and 1 75. So you're paying what is today? 1 75 70. So you, you buy, you buy this foot for 3, 370 $8 and you buy this call for $450. The total price is your maximum loss and what you need to happen. You need to like a nine to $12 move in order to make money.

Okay? But keep in mind that, uh, the implied volatility is going to bring everything down immediately. So you need to offset that. So you're, you're added this advantage from that standpoint, you need to surprise the market. This is the market maker pricing, right? This is what the market wants. Any move beyond $8 is unexpected.

That's what this says, this, uh, the strangle is slightly different. You go a little bit lower. You buy the book, you go a little bit higher. You buy the call a little bit cheaper, but same concept. You need a big move. Um, people with giant money sell these two and they know that nothing is for them to lose money.

The move has to be exaggerated. So the market makers, the big pile of money they do that. They sell the line and sell, right? That's how they are. They're making markets. If they're not selling anything, nobody's buying anything. That's why they call them market makers. Not like at one company that hide somewhere, but it's just people with big money that put money to work that way they sell risk.

So that's what they do. So the, the, the way to play it, if you really want to play the earnings, first of all, you have to acknowledge that you don't know which way it's going to move. You were telling me, oh, they're going to crush this. I'm going to crush that. And I'm going to tell you it's all bull crap.

No, no, I, I want, I want to play. Okay. Not knowing is, um, wait for the outcome and then play. That's not playing, that's sitting out, but all right, that's seriously. If you want to put a conviction trade, you need the information and you'd be smarter doing it after the fact, if you're doing it now, it's a hunch.

You don't have an edge. You're right. You're absolutely right. You don't have an, was that the stock was going to move a lot. And I know you're saying the market makers aren't expecting it to, so let me throw it out. I don't think I know they know what they're talking about. This is a lot though. So it dollars here.

Here's Disney. I did a trade on Disney. I caught the knife into this and it paid out. So we're out of Disney. Whoever took the trade from me, they should be out of Disney. And my, my thesis was support. Uh, but a better hold. Otherwise it's going like down to here, right? So I shared it in four or five, four different ways.

I shared a sold foot sold foot spread, debit call, or call spread. I said, whichever fancies your, uh, you know, whichever suits your personality best do. And, um, they all played out fine because of the spike. The sold puts and put spreads, paid out. These don't need a rally to win. That's why I like them. And even the calls and call spreads played out.

Well, maybe better because we got a big move, but up here I have no edge there's room to fall there's room to rally. So if you. To take a trade. I would sell an iron condor, which I don't like to do into earnings, but at least I have edge because statistically I would make myself an 85% chance of success on the top line and an 85% chance of success on the bottom line.

So how would that work? Uh, you basically sell risk down here and sell, uh, let me get this out of the way you mix remix, right mix. Right. I just talked about how I don't have the appetite for yellow. This is exactly Yolo. Nick is talking to me off the cuff here. So here, here is. Here is your a Delta, that's your odds makers.

Yeah. That's your odds maker. Uh, if you buy anything with a super low Delta you're you got a lot of hope on your hands. So if you buy a put saying, I think it's going to go to the 1 62 0.5. You're going to make money if, uh, but your odds are like 10% ish. And, um, on top of it, you're paying up for it because this is an 80% implied volatility.

Same here. If you're buying a call that's, uh, it's got a Delta 17 or 13, then you only have like a 50% chance of success and you're paying up for it. So I would sell these areas. Uh, so I would sell the, um, something doesn't risk risk down here and sell risk up here. I would collect you sell the one 60 points.

Are there the one? Yeah, I wouldn't do a naked foot because I don't want to ever sell a naked call. Who co okay. Listen. Why, if you're selling naked calls, you're making a giant mistake that could cost you your wealth. All of it. No joke. Um, you cannot, like, I know I had a conversation yesterday, a painful conversation two days ago with a member who came to me, I'm in trouble.

Uh, wait, you guys mentioned the stock or Mara Mara. I'm in trouble. I sold the naked call in Mara. I collected $3 at 60, so, um, they made a mistake and then the. $17. So they lost a lot of money on it and they said, should I close it? And I was like, whoa, first of all, that's unlimited risk. So whenever you're taking risk, you say I'm managing risks.

The first step is determining how much you're willing to lose. And if you don't know, when you sell a call, you don't know how much you're going to lose. That's a question mark. And that is not acceptable in any, any money, manage your book. Um, and except if you are like George Soros with giant bags of money and you want to put it to work, otherwise, if you don't know the maximum loss, that's not a trade I would ever pitch to anybody.

So you can't sell a put as part of an iron condor all by itself. I would sell it, puts spread to make an iron con the iron condor is self hedged. So the I'm going to show you visually what it is. I'm not recommending the strayed, please. Okay. So this is just a visual representation of what an iron condo.

It looks like. So, this is what it does. This is not a recommendation trade recommendation. In fact, I, I don't, I don't know the digits on it yet. That's so the idea is you sell a put spread and you sell a call spread and to win. You want price to stay in between those two. Um, so what spreads do you sell? I like low deltas.

So if I'm selling this one, I'm giving myself a 90% chance of beating my opponent. If price falls and for, for this, it looks like whatever this difference is here at 20 cents. Uh, the maximum risk is $2 50 cents. Uh, so appear looks like another 20 cents and I need price to stay below 180 7, 5 by in the next two days.

And here it's slightly riskier, like 85% ish, roughly. So in total, I'm collecting about 40 cents and what's the maximum risk. It's still $2 and 50 cents minus what I collect because I can't lose on both sides. One of these two, if one loses the other one definitely wins. And so, uh, if price goes to 180, 1 55, uh, this one loses, but this one wins.

So I collect, uh, I lose like $2 and 10 cents per contract, but at least I have odds in my favor. So statistically, this is a viable trade, but I'm not recommending it here. Uh, I wouldn't do it for myself. It's just too much drama. I don't need it. You know, you can make it $5 wide and make more money off of it, but you risky more money, but that's the iron ponder.

So that was fantastic. I would do an iron condor with visibility but longer term. So here's the thing. Why is everybody in the trenches? Why do you want to fight the trenches? Go out in time so you can do the same thing and do it out here. Um, so you go to. December, of course, they're not there. They discussed the catalyst is today.

So you, so you're thinking you're going to make the money anyway. Why be muddy in the trenches? It's the same money. You just have to be like two days more patient or something. I mean, it's just ridiculous. It is so much easier to, to fight like weeks out and get the same job done than to do it here in the trenches.

This is the grunt work right here. Yeah. And it doesn't pay more. It pays more if you hit a home run like with roadblocks, you know, if you own a call and it just explodes in your Wade, yo, they happen, but that's not a way to, it's not repeatable, not repeatable. It is infrequent. How about that? That's pretty high accurate there it's infrequent.

So the, the way to do it is always, first of all, have a reason to enter a trade. I usually say it's no trigger. I borrowed it from somebody years ago. I don't even remember who it is, but anyway, they don't claim it. So I will, uh, if I don't have a reason to belong, whether it technical on the chart or fundamental, like if you know something about Disney that most people don't, then you think you have an in on it, then you jump in.

Like I did for GE and Ford, a couple of times already. I just did for Snapchat. Maybe long-term, they're the ones that actually are going to make some cool glasses, maybe that are computerized. Like, you know, Google glass, you know, they're a camera company. So they say they're also spectacle company. So why not combine the two and come up with some sort of a product.

So it is you have to give yourself a trigger to get into the trade and then structure it to where it makes sense buying options. They tell us, right? The experts tell us most options, expire worthless. So people start hunting about these big, Ooh, 10,000 there. Well, if you buy it, you're going against the concept of most options expire.

Right. Yeah. That's the one that's most right there. You told me that years ago. Um, yeah, the options, the majority of options expire worthless. So that's what they say. I can't prove it statistically, but I'm going to trust them that they're not lying. And if that's the case, you don't chase the big option positions, unless you're like in, on it at the get go, like nobody knows about it.

And then you'd jump in. And then, and then, and then you're like a celebrity that goes on TV and say, Hey look, everybody, that option is pretty important out there. And everybody wants for it. Then you get out of your position. So if you're early bird on that, on that movement, you might be able to capitalize on it.

But after all said and done, the market makers are not going to let price bull through it. So you better be early enough to capture, to move. Otherwise you, you flip and you sell risk just above it because it's going to be resistance. If you need to note charts, you need to use charts. Um, if you're an act, actually, if you're any kind of trader, so let's see here, spy, and you need to be prepared.

So every day, uh, 30 minutes every day, I share the map for today. So this was this morning. These are the lines from this morning, we sliced through some support. We're hitting another piece of support here. Uh, 4 62 is the place where I'd be interested in buying the dip. Uh, the bulls are in charge. We learned nothing new today.

Inflation's hot. It's been hot for a year. Um, maybe now the speculation is rate hike. Uh, so finally the movement in the dollar and in the bond market are, are singing that tune earlier today. It wasn't last night. It wasn't. So now finally bonds fell apart, which means the market is pricing in a rate.

Conversation. So now it makes sense. This drop here today. It makes sense. Earlier today, if you're in a chat room, it was funny because I was saying, you know what? This is going to be a bolt, a bear, a bull trap. Again, first of all, yesterday we had four. We haven't had bull traps since September intraday. And then today the Vicks fell apart and the VXX fell apart.

And the SMP had an easy breakout right there and they refuse to do it. They had an easy setup right there and the VIX was falling and they chose to do this with the. They did this and then the VIX fell again and they fell with the VIX again. And now the trend is down with the VIX and the VXX. And then finally the Bayer said, oh, okay, we'll take it because the bulls took the ball and dropped it at the end zone line and walked away the other line, the other way.

Walk the other neck, Nick. Uh, we got a couple minutes left. Can we quickly look at Peloton here? This is for, okay. Who in the chat asked about Peloton. I want to do this for you. It was Roger is Roger. Roger. Roger. Okay. Okay. So Peloton, technically now fulfills an, um, some sort of a bearish pattern. So I shared a couple of longs on it and I said, stop out, stop out.

And hopefully they listen. And then, uh, part of the video I shared was, Hey, this is a possibility I had these letters from way up here. So guess what? There it is. Um, this is an old breakout zone. This is a weekly chart by the way. So we're looking at last year is may out of the pandemic. Um, so logically it should find footing.

The two lines I would look at is where it is right now and the base of somewhere around 40. So, but here's my fear. This has become like a biotech company with regards to headlines. So if I'm long, I'm not adding. If I'm looking to get long, I would, but I would stop myself at X percent loss, uh, because the lines are not going to help you with.

It's support ish. Um, so I can't tell you, it won't go to 30, but it should hold 40 and it shield hold where it, where it is right now. So if I get long, I make sure that it's not short term. It's either shares or long dated calls or call spreads. Call spreads are better, um, or sold put spreads. I wouldn't sell a naked foot because I can't trust the company.

Uh, so nothing bad about it. It just becomes headline and I lose an edge. So you, you have a lot of question marks. So, um, Peloton longer dated concept. I just shared shorter data. I mean, there's nothing to be said here. Yeah. That's 49, I guess. Well, one more from, uh, Martha on, I hope I'm saying that right, please.

Correct me. Uh, Airbnb, which I think Kramer just said, just said he was buying. No, I think he said it was, he can't buy or sell button. So he says. Okay, so Airbnb. Okay. So Airbnb is, um, this was a trigger where they tested and they went and they repeated the process right here. So that was a breakout zone. Um, S so I don't want to say it's not, here's, it's not an obvious entry point for me.

Um, good company, good business, future, et cetera. But that's a giant gap. It's almost like roadblocks where it's not an obvious entry point. So if it loses 180 6, for whatever reason, whether the market is correcting or it is, uh, it hits a hiccup. Um, I can tell you, there is support at 180 5 to 1 75. I would buy it there.

So if I'm looking to get long and I'm somewhat patients, I'm not urgently seeking anything, I would either sell a put to own the shares there, which would be pretty fruitful. So if you wanted to buy a hundred shares, I suggest that you study, I'm not suggesting you do. Um, I suggest you study selling a put to get into a stock.

You'd want to own what was the number? I said 180 5. Okay. So let's go with, uh, one 70. Somebody will pay you a $300 today. If you promise you buy a hundred of their shares within the next 37 days. So the way it happens is, and I would never do this unless I want to own shares, and this is not a trade recommendation.

Uh, so when I sell this, put somebody out there is buying it and the person buying it has a guarantee from me that I will buy their shares anytime they want in the next 37 days, price does not have to be at or below that price. They can do it any time. I've never seen that happen, but they can. So if it falls to 1 65, I will wake up one day, maybe with a hundred chairs, this position, which showed a lot of losses would disappear with all the losses.

I keep the money I collected. My break even point is 1 67. Then I own shares and no losses. The puts the losses from the foot position sold would be tremendous. There'd be huge. But as soon as they give me the shares, they go off the board and, uh, I keep the money. So my break even point is $3, two 50 below.

That's how I would catch a falling or get long and leave room for error. We have to wrap it up. Uh, but Nick, uh, Nick, I miss you as well. It's been far too long. It's great to actually see you, uh, and your, your, your best. T-shirt give me your best. T-shirt only the best for us. Um, and I put the link, everyone to Nick's, uh, options newsletter in the chat right now.

And it's also in the description of this video. Uh, Nick, we will definitely get you back on, on a recurring basis off all. All right, Nick, have a good rest of the day, man. And maybe we got a hot man, cause the roadmap is going live right now, our NFT show. And I think they might already be live this video and to redirect to that.

So please remember all of the information from our show meant to be used as informational purposes and not for investing or trading advice. I hope you had some fun. I hope you it. Whoa, look at that. Hope you had some fun, hope you learn some. We'll be back tomorrow. The roadmap live right now. Boom. See y'all later.

Peace and loving your name.

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

• Will Elon Musk sell 10% of TSLA?
• IPOs to watch this week RIVN
• Why construction management software is the future

Guests:

Matt Hammond, IPO Warriors

https://www.Ipowarriors.com

Twitter: https://twitter.com/warrioripo

Tooey Courtemanche, CEO of Procore (PCOR)

Jake Wujastyk, Co-Founder, TrendSpider

Twitter: https://twitter.com/Trendspider_J

https://www.trendspider.com

Check out Trendspider.com➡️ Enter promo code BZ25 to get 25%

Chris Capre, 2nd Skies Trading

https://2ndskiesforex.com/

Twitter: https://twitter.com/2ndSkiesForex

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 Episode Summary:

Buy The Dip in PTON Peloton stock or PENN?

Guests:

Jon Erlichman https://twitter.com/JonErlichman

Tony Benson, Patterns In A Flash 56:00

https://wealthbuildershq.com/patterns-in-a-flash-ep

Evan Mendoza https://twitter.com/e_mendoza18

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

Buy The Dip in PTON Peloton stock or PENN?

Guests:

Jon Erlichman https://twitter.com/JonErlichman

Tony Benson, Patterns In A Flash 56:00

https://wealthbuildershq.com/patterns-in-a-flash-ep

Evan Mendoza https://twitter.com/e_mendoza18

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

Thursday Trades

Guests:

Matt Kolb https://twitter.com/msumak

Vivi BioTech Queen https://twitter.com/Biotech_SD

Options Mike https://twitter.com/OptionsMike

The Blonde Broker https://twitter.com/theblondebroker

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

Phunware COO Randall Crowder joins us to talk about Phunware $PHUN Enables Politics.

Phunware created Donald Trump's 2020 Reelection campaign app and has a strategic advantage in the political sphere.

FED Talk

$RGP ,$PRTS,$CAR, $PHUN

Guests:

12:10 pm ET Randall Crowder and Ryan Costello

12:30 pm ET $RGP Resources Connection CEO, Kate Duchene

12:45 pm ET $PRTS Carparts.com AMA with COO David Meniane and CEO Lev Peker

1:00 pm ET Jesse Kaylor https://www.elitetradinglive.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

Welcome to Benzinger live I'm Spencer. That's a, B a K a Aaron Bree, AKA, the man who's long, every single meme stock in the world. Uh, we got a jam packed show today. We got like five guests on today's show. I think it's, it's going to be right at the top of 12, 10. Uh, we're going to have Randall Crowder.

Who's the COO of Phunware. Uh, everyone's been talking about this stock, ticker P H U N. We've had Randall on a couple of times, so excited to get Randall back on the show and Ryan Costella will be joining us as well. Um, and on the board from the board of directors. Yep. And like you said, I mean, we just have a jam packed show at 1230.

We have Kate Duchenne joining us from resources connection and at 1245, we've got kind of a special treat for our viewers in AMA ask me anything with car parts.com, COO David and CEO Lev peaker. Um, and so Spencer. Yeah, we'll be doing some trading with, uh, even trading with Jessie or we're just going to talking stocks.

Yes. The answer to that question. Yes. But let's start the show.

all right. AB let's get things started with a news update quickly, one through the headlines and we'll get to, I see you on the chat. I see you. We know why you're here. We'll get to why you're here in a second, but first real quick, let's just rip through some headlines go. Yeah. So we, of course, we're in the middle of earning season.

We had more earnings, uh, last night, this Zillow reported Spencer and it was a big miss for the company. Um, so revenue came in at 1.7, 4 billion versus 2 billion estimate. Um, and Zillow, you know, gave some interesting guidance on their home buying business, essentially saying they are closing that vertical the business, and they are cutting 25% of the company's workforce.

So not good news on Zillow. We've got the chart up on the screen. Um, what does that look like? It's trading down, uh, yeah, 20%. This is the ultimate like wall street bets thing. I feel like, because like y'all know that the housing market's been on fire and Zillow managed to lose money in the hottest housing market in what, 15 years, 14 years.

Uh, so. Hey, that's like the ultimate waspy a thing I feel like. Yeah. And the company essentially said that the, um, uncertainty of housing prices just poses too much volatility on the company's balance sheet right now. So that's kind of why they're closing their home buying business or so they say, um, so yeah, not a great day for Zillow.

Let us know in the chat. Hopefully you weren't long the company into earnings. Let us know if you're buying the dip. I know I'm certainly not because I mean, just not good news coming out of Zillow. Um, of course the open door competitor, uh, we'll check in on open. See what opens doing skip ahead. And we'll, we'll check in on bed bath and beyond in a second.

Cause that's the other big news. Ah, Ooh. It's okay. It's up 2%. Oh, okay. Opens fairing a little bit better than Zillow. Zillow's new. So bed bath and beyond just skyrocketed yesterday after noon. Um, and of course, you know, the other meme stocks followed. So we had AMC GameStop bed bath and beyond, um, all running yesterday.

So of course bed, bath and beyond still has a bunch of short interest. A bunch of short sellers just got crushed yesterday. Um, this looks like the stocks trading up nearly 20% right now. So, uh, you know, good, good day for, but look at the internet chart. Look at the pre-market chart is well off its highs. I mean, uh, you know, hopefully that's just people taking profits.

Um, we'll definitely be watching these stocks throughout the rest of the day bed bath and beyond AMC GameStop. Um, Spencer ADP, the payroll company reported 571,000 new jobs added in October that crushes the Dow Jones estimate of 395,000. You don't care about jobs.

They spin. No, I don't care about that number. I do care about jobs. I don't care about that number. All right. That was good. Good spin man. News item on my day for the docket today was lift, lift reported yesterday and reported, uh, in contrast to Zillow, very strong earnings and lifts, cited an increase in demand for rides, um, in the previous quarter.

So we see Lyft trading up today, Uber up as well, trading with lifts. So, um, you know, good day for the ride share companies. So yeah, yeah, no, not really. Not really. Uh, I haven't taken a Lyft since before COVID I don't know if Uber, if you've taken a Lyft, uh, oh, that's a lie. I have, I take that back. If you've taken a Lyft or Uber since COVID drop a one in the chat, if you have not dropped it to.

Uh, but, uh, that was such a great comment you made about, I don't care my job. That was some great spit. I would, I would expect that comment from one of our next guest who is a, uh, a former us house representative. He's on the board of directors, uh, at Phunware. Uh, we'll bring Ryan Castelle on, along with Randall Crowder, who you all know the CEO of.

Off of Phunware. Let's get them both on here right now. Cause that was some that was some Washington DC level spin that AB just did. So congratulations, Ryan. There he is. Randall. There is good afternoon guys. How are we doing today? Doing well. How about just that? Congrats on the Barron's or capital deal.

Hey, we have new bosses. You got to throw some love your way. Yeah, we, we, we sold our soul and other things here at Benzinga. Uh, so here's what we're going. This is going to be a bit of a, a new thing for us because Amy and I, we got some questions, but you you've heard us ask Randall questions before, so rather than just do that again, right?

Yeah. He's dodging right. Rather than do that again, we thought we would bring Ryan on as well and how we can have a little bit of a fireside chat and have Ryan and wrangle do a little back and forth. Aaron and I are going to chime in with some questions as well. Um, but we, we want to do have we thought, how can we do something different than just you get another interview with me and Randall or Amy and Randall?

Uh, so Ryan, welcome to the show first off. Good to be on. Um, and I want to just, I guess, Ryan, I want to give you the floor, uh, first, and unless you sort of start things off here, the chat is, is all over this. Uh, I, I know what they want, but uh, yeah, so, so Ryan, uh, I'll open the floor to you. Why don't you start us off here and just, you know, have that.

Sure. Um, you know, I grew up in the suburbs of Philadelphia. Uh, when I graduated law school, I got very into the political process, ran for local office, ran for county office. During that time, I was also, uh, an attorney, advising companies. A lot of companies in the startup phase, uh, got elected to Congress, served the last two years of the Obama administration, the first two years of the Trump administration.

And then since 2019, I've been a consultant for, uh, some associations and some other, uh, companies down here in Washington, DC, and even on the private side, uh, advising some startup companies. And so, um, when I got to learn about, uh, Phunware and, and had some discussions with Randall early on, uh, I think Randall was able to pick up that I was very excited about what Phunware does on a day-to-day basis.

And I think, and I can relate this back, frankly, to when I served in Congress on the, um, on the subcommittee, on digital commerce and on the technology subcommittee, you know, you need to know where the pockets. And you need to prepare for that and you need to go get it and you need, frankly, create a business model around that.

And I think we'll probably talk a little bit about, uh, you know, the role of privacy and technology policy, as well as how you can, I think ethically, um, provide a, provide a solution, um, to owning your data and, and treating it as the commodity that it is, but monetizing it your own self and not allowing, you know, certain big players to do it over and over and over.

And I think we'll probably talk a lot about that in a little bit, but what specifically drew you to Phunware? Cause you know, you talked about skating to where the puck is going. There are a lot of cool futuristic companies out there, right? So w what, what was it specifically about Phunware? So you must answer to cause like I hounded him and it's like, you know, I, I figured he probably wouldn't even return my call, so this is good.

So there's three or four things. First, let me just go through like you, they have good people, like they have strong management. Um, Alan is a visionary, um, and Randall is a phenomenal operator. So, you know, that's number one, I think number two, uh, when you look at what the ethos of the company is, is it is not looking to monetize you.

It's looking to allow you to monetize yourself. Um, and I think philosophically that, that very much attracted me, then there's two main, the two main points in terms of their business model. Number one. Um, and again, I, I served in local government, uh, have been involved in more political campaigns that I, that I can share while I can share.

Um, and, and I served on the board of a, of a local hospital. And if you look at the verticals that Phunware does, um, uh, it has a solution, um, for each one of those industries in a way that empowers, um, the operator and the individual to maximize who they are and to create value for themselves and to make their lives easier.

Right. Getting, getting information to the right person the right way at the right time. Um, I think is kind of what the mantra of Phunware is. And I understood that intuitively because I've, I've been involved in every single one of those platforms before. And most particularly for me, I mean the political side I think is, is more self-evident, but on the government, on the government side, um, you know, I did a lot of public administration in my day.

I mean, it is a phenomenal way to go about providing constituent service in a way that allows the constituent to learn and get answers on their own. Interacting with government, but frankly reducing the amount of, of bureaucracy that needs to be involved on a day-to-day basis. And then the final point is, is, is the, is the, um, is the fun coin fund token, uh, the role of cryptocurrency, um, you know, they are ahead of the funnel is ahead of the curve and they have very, very smart people, very smart people.

And so I'm very excited to see where we go as a company. Um, and I I'll mention one final point. You know, I mentioned this to Randall the other day. I just did the, the national association of corporate directors certification process. And you learn a lot about corporate governance as part of that. Um, but one of the big things that you learn is, you know, when you're with a company that's on the move, um, you know, a lot of challenges come up and the goal is to create the right governance model and understand what they're doing operationally so that you can empower them, um, as a company to, to keep going and to keep achieving and it keeps succeeding.

And so that's what they're doing and I'm proud to, you know, I'm proud to be involved. I'm excited for what the future holds, uh, Randall, if I can open it to you for, for a second here, uh, maybe, can you speak a little bit about, uh, you know, the, the, the political involvement and that's one where it has had, I don't know how much you can get you probably, I don't know how much you think about right now, but in the past.

Right. And, and the involvement with, uh, uh, Trump's campaign and, and w and what else. Yeah, no, thank you. And I think Ryan teed this up so well, I mean that goal of, you know, what we kind of call contextual engagement. That's the future, you know, we've, we've ushered in a transformation in the past, going from web to mobile.

Now mobile is kind of table stakes. It's what can you do with it now, if you think about just that mobile phone being a mobile computer that's location, aware that knows a whole lot about you and the world around you and politics is such an incredible vertical for that. I mean, it's actually an honorable vertical for that.

I mean, you know, that is, you know, kind of underpins, you know, our society and our life. And so how do we enable politicians to better engage their constituencies, um, on the left and the right. And so, you know, going into, you know, we've, we've worked on both sides of the aisle. Um, obviously most famously, you know, we worked on the presidential election, um, for Trump, and that was a really exciting opportunity for us because an insider in the campaign, they were already going down a route towards Salesforce, actually insider in the campaign.

So at time out, if you want to do this, there's only one company that can do what you're doing. Point blank at the time we were managing all of Fox's entire mobile ecosystem. I mean, you have a company that could arguably buy and build anything they want and they're outsourcing it all the fun where it's, because we were very good at this.

And there's a lot of pretenders in mobile. There's a lot of people who say, oh yeah, I can build you a mobile app or I can do this. And when you start getting, you know, millions of people on it and transactions, they fail, you know, we set live streaming, concurrent records, every match of the world cup for Fox, while YouTube crashed, Google crashed, you have these game of throne moments where they crash.

And so for politics, they gotta be secure and they got to work at scale. And so we got introduced in the 11th hour, uh, and ended up beating Salesforce, uh, to do, you know, Trump's, you know, mobile application. It was all about engagement. So it was not in data, what buying hat, uh, and what's cool about that is now, you know, we are building that platform for, you know, politics, both domestic and abroad, uh, and it's incredible what we have now that we can offer.

So every politician should be thinking about that. If you want, you know, the Trump experience come to Fung where, and we can do that right now, um, you know, for you. Uh, and, and that's what the future of engaging people in politics is going to have to be not only just in the virtual world to build that audience, but what you can do with that and the real world, you know, whether it's rallies or events, um, or putting people on the street to kind of build, you know, a volunteer force, all of that can be done on a mobile applicant.

It's not a campaign. Doesn't just, you don't press start and stop on a campaign, right. This is a 24 7 365 day type of approach. And it's not just political candidates, it's issue, advocacy organizations and associations. Um, that, that, that V that highly value, uh, this type of contextual engagement.

Absolutely. So, so Ryan, you, uh, you know, as a former Congressman, you have experience, you know, communicating with constituents, um, do you think politicians need better tools to reach and engage voters in the 21st century? So the short answer is, and every politician will say this. Yes. Because you're constantly trying to improve.

And, um, to the point, some of the points that Randall made. You need to find a voter where they are. That's what I would always say. Like you can't, don't try and convince a voter that you're right. Find a voter where they are and understand why they think, what they think. And, and if you can understand the why behind it, uh, by the way, there's a lot of data behind that.

Um, and there's also a lot of learning that comes serving in public office. Um, when you, when you get the why to the question, um, and, and so, you know, just sort of adding to this, uh, the, the constant engagement with constituents and with voters is really the difference between winning and losing. And so you, you have to constantly be part, uh, you have to constantly engage in a learning process with your voters throughout the course of the campaign.

Because if you look at the trajectory of a campaign where you start, right, and where you end up, you know, that arc, um, and how well you do during that arc understanding, uh, what people are thinking and why they're thinking it and how you can influence how they think from the perspective of informing them while your, what your positions are, um, is extremely critical and in a close race, it's the difference between winning and losing, and that's where the right type of company, the right type of engagement, um, uh, enabling engagement with voters, um, is so critical.

And the data that you gather from that, by the way, that's a two-way street, right? Voters want to have engagement, um, sometimes on a daily basis with a candidate, um, and vice versa, obviously a candidate does, can you ask the question on that? Because obviously everybody's talking about. What Trump's trying to do today.

And, you know, a lot of this kind of comes from this, you know, fear or concern that the platforms we have are not good enough either. A there is, you know, algorithms at work that are kind of preventing your message from getting out. So you're, you're putting out all this great content and you're thinking in the back of your mind is my constituents even getting it, you know, are we just playing for the 10% undecided in the middle?

Like, and oh, by the way, how much of this content is, you know, derived from, you know, some Russian operation, you know, do politicians struggle with that today? Wondering, you know, is Facebook good enough? Is Twitter good enough? Oh, for sure. Um, and absolutely. I mean, to try and, um, to th there's not a, there's not confidence that if you get full participation on, on social media platforms or that, that the available, um, you know, penumbra of information out there is, is equally available to everyone.

And I think the objective frankly, is to try and push through those algorithms, right? Like not have that, um, create a filter to what you are exposed to, to what you can learn from and vice versa. You don't want your voice to be filtered back to an elected official or back to folks, um, in some of these portals.

So. And there's something, there's something to be said, right. To go straight towards, straight to voters. Right. It's the same as going straight direct to consumer. Right. It's the same idea, right. Going around the middle man, direct to the consumer direct to the voter. Um, and you've seen, uh, you know, and I'm sure Ryan, and I've seen this a lot, you know, politicians you've, you've adopted newsletters, right.

From marketing. Right. You've adopted other technology are we're headed. Are we heading to a, a universe where like every single candidate could theoretically have like their own app and their own platform again, technological planet? I mean, I, I think, well, you need access to a platform. Right? Right. Um, you know, let me just let me tick.

This is how important data is. Okay. And this is why having the right company, um, avail itself to enable you to, uh, empower the data that you have is so important. When you do television advertising, when you do a mail campaign, you don't even think about putting, paying to print mail and to send it out until you know who your voters are until, you know, who's going to vote.

What issues matter to them, how likely they are to vote and what kind of things might get them out to vote. So you spend a lot of money. Right. Trying to get that right before you even decide to mail anything and, and successful candidates spend a heck of a lot more on data upfront before they ever put any mail in the mailbox before they do any digital ad.

And so the companies that, that have expertise in that space, um, and, and who can develop, um, that data are the ones that you want to be associated with because they're the ones, they are the ones that win campaigns. Yeah. That's fair. Um, look there, there's a lot of stuff being thrown out around there right now about what Phunware may or may not be being involved in.

Um, Randall, what can you say about that? And if, if you can't say anything, when will you be able to say something about that? Yeah, so I, I Lord knows. I mean, I kind of. Fun where, and Ryan talked about this before, you know, fun where, you know, we don't want to be a meme. Stock has come from the mainstay for the company and learn about what we actually do.

You know, we are not a game stop or an AMC that is commercializing, you know, a bygone business model. You know, we're the future of what we're going to do with the bull. And, and politics is a, is a huge, uh, platform for that. I think what excites me the most is like Washington comments and people going, you know, we don't care what they're doing.

This company has so many different things it can do from blockchain to politics, to healthcare, um, to hospitality, you know, the idea of using mobile to reach customers at a time and place when they're most likely willing to, uh, engage with a brand or an organization that is the future of how we need to think about mobile.

And so, you know, for us, we're always going to be controlled by, you know, compliance to reg FD. We're always going to be controlled by, you know, certain contracts and, and what we can, and can't say with customers or partners. And so we will, we, I think we've done a pretty good job. We've endeavored to communicate as much as we can, as transparently as we can about what we're doing.

We hope all the excitement in the market is getting people to kind of learn more about what we're doing. Um, you know, but what we're doing specifically in politics is building a platform. For politicians to better engage, you know, consumers. And so, you know, if you look at, you know, kind of, I can tease it just a little bit, um, you know, some of the, you know, I'll share a couple slides just from our design team, uh, that we're doing right now.

Can you see that right now? Yeah, we got it. So, you know, a lot of this is all about kind of what Ryan was talking about, you know, how do you give kind of a certain customizable feel to what you're doing in politics? You know, we're doing this with hospitals, you know, hospitals have traditionally, you know, used a third-party mobile application, like my chart, if they have an epic configuration and it's not their content, it's not their brand.

They're saying, Hey, I want to control my audience. And that's absolutely how everybody should be thinking about it. And so with our platform, you know, we can give people that control. So you know, who you're engaging, you know, one contents being shared and you let some of your audience kind of opt out, you know, you can also have more flexible control over your content.

So, you know, how do you establish a nice rich, engaging, not just a, uh, a series of headlines and news feeds, you just kind of get lost in the mix. Um, you know, but we also, I think one of the coolest things that we had built, um, for Trump in 2020 that we didn't get to use was how do we do live events? You know, how do we do ticketing?

How do we give them a fly, you know, real world experiences. And so we've built that and design that into our platform as well. Um, and just all about increasing engagement. And I think that's one thing that our platform does and Ryan. You know, we're not coming in and saying, we're going to replace everything that you use, whether you're a brand or a politician, you know, what we do is we access everything that you used and we bring it into one environment.

So it's one app to rule them all. So you can still use Instagram. You can still use Twitter, but you need to have more control over your constituency and your audience. And that's what we're bringing to the table. And I think that's what everybody's so excited about. If you think about what, you know, got everybody so jacked up about what Trump is trying to do, it's disruption, it's disintermediating the middleman.

And I think that's what people in their soul just do not feel comfortable with. You know, that's probably the greatest threat to our democracy is the prevention of a fair exchange of ideas. You don't necessarily have to agree with them, but by God, our system has to be in place. You know, there were, it wasn't that long ago that people of color weren't allowed to listen to politicians or engage in politics.

We're creating new censorship mechanisms in a digital world that no one's paying attention to, but there's something wrong. You know, there's something, there's a glitch in the matrix. I think that's why, you know, when Trump came out and said, Hey, look, there's gotta be a better way that got everybody excited.

And we've been saying that forever. And so whether it's what we're doing with mobile software or what we're doing in blockchain to not only be able to verify you know who you are, but also verify your data and have you take that control over. Controls what it's all about. And I think we have the platform to enable that and the tools to enable that we've proven it and multiple, you know, large, you know, kind of world stages with large brands like Trump, uh, like Fox.

And I think, you know, we're going to, we're going to keep being a considerable player in this space. We're excited, the screenshots that you just showed us, uh, you have them like an ETA and when we might see that in the real-world standby. Standby. Okay. That's fair. Fair enough. Um, and, and I, and I also, I appreciate your, your answer, not answer about, about what you can say and, and when you can say it, um, but you know, I, I'm just, I'm looking at our chat right now and it's, it's going, it's going to preserve, um, like, like at what point do you acknowledge that they want, I mean, they, they want to know, right?

They, they want to know what you're working on, who you working with at, you know, at what point can you share with them? Um, you know, everything with us is going to be for those of you that aren't familiar, you know, it's, there's a regulation fair disclosure that, you know, we have to abide by. Um, and so, you know, we, again, unless it comes out in a press release, you know, we don't really talk about it unless it comes out in the earnings.

We don't really talk about it. Um, I think what people need to understand is that these kinds of transformations are not. They're not something that happens overnight. You know, Facebook didn't build Facebook overnight and Facebook didn't monetize Facebook for many years to come. Uh, and so I hope people are looking at, you know, our revenue guidance, you know, 50% growth in Q3 over a hundred percent growth in Q4.

I hope they're looking at a recent acquisition. We did out there looking at the role we can play in politics, the role we can play in many other verticals. And I hope they're taking all that into consideration. And they're excited about that. You know, I don't want to just be a flash in the pan, you know, mean stock, you know, we have a very real opportunity to affect real change and usher in an entirely new paradigm for how we think about mobile, uh, in a mobile first world, that's quickly becoming mobile only.

So, you know, I respect that everybody is really excited about single pieces of news. I think a lot of that is day traders. The people who have been writing me for the past week saying, thank you, you changed my life. They got in when we were below a dollar and they've been building positions in Phunware for a year or more.

And so, you know, I, I hope people aren't just here for a quick flip and a day trade hope. They're realizing that, you know, we actually have a tiger by the tail. Something very considerable that could really impact the world in a positive way, uh, especially in the political vertical. Uh, and I hope that they're, you know, excited about the future.

Not just anyone engagement, Ryan, what do you make of all this? You know, cause you know, you, you've known Randall for longer than, you know, there's reason period of examined here. So what do you make of all this excitement. Um, listen, it's an opportunity. Um, when you have, you know, the light shining on a company that is speaking to the very issues that I think a lot of people care about, I'll give you an example just today.

You know, there's focus here in Congress on a new privacy bill, right. And the tech in the tech space, like the mission of Phunware, right? So how do you own your own data? Um, it, it it's so simple yet it hasn't happened, right. Or if it does happen, it's because a company has made the principal choice that they are going to operate in that manner.

Um, and I think that the more that message gets spread, you know, the more, um, the more folks want a seat at the table and, and the more people say, you know, what, that, that company aligns with my values, that company aligns with how I want to use my phone. That company aligns with how I want to go find customers or interact with constituents or with voters.

Um, so it's, it's a very exciting time to be sure. Yeah. The point about owning your own data. I think we're only now in the last couple of years, right. Grappling with our relative ignorance of the last 25 years we're at about who has our data and, and what are they doing with it? And do we care? Well, we don't, we didn't care until we cared.

Right. And that, and now. Will that, right? Yeah. Um, I, I guess, you know, uh, Ryan, do you, do you expect to, you know, as a former Congressman, do you expect that we get some more, uh, how do I put this? I mean, uh, I guess, do you expect Congress this to not go away as an issue in Congress, a bipartisan issue in Congress?

Uh, so it is a bi-partisan issue. I guess the question is, do we have a bipartisan solution and to your point, like five years ago, I'm not so sure that policy makers had a full grasp on what do you mean own your own data? What does that even mean? Right. And now, now I think everybody understands what that means and they understand what path we've chosen to take and how frankly that path has probably been misguided and how it's it's led to some, um, it's, it's, it's led to some unfortunate outcomes, um, and it's rewarded, it's re it's rewarded bad actors.

And so the question is how do you course correct. Um, and how do you course correct in a manner that empowers the individual, right? Like, so when I go on the internet or when I choose to look something up or how I behave, will I be able to use that in a way that empowers me? And will I be able to communicate with companies, will companies be able to identify who I am in a way that gets us connected and cuts out, frankly, the, the toll booth collector.

Yeah. That's yeah, that's right. Um, random Crowder. What's exciting is that that's that's, that's where fun, where it stands. It's hard to necessarily put that in a 15, second commercial, but people are starting to get it. Yeah. Randall Crowder's is COO and Ryan could steal him, was on the board of directors of Phunware.

You all know that the ticker, you want to know the company and, uh, and guys, this has been great, something different. I think, uh, it was nice to get, you know, a third voice on here, like Ryan, uh, you know, sort of spice things up for us. So Randall, we appreciate, uh, the screenshots. I had not seen those before and we, we will be in touch and see how things develop and, uh, keep us informed, please.

The people are, need to be kept informed of all of the comings and goings and what's happening here. So, uh, so we're looking for, we're looking forward to that and, uh, thank you both for joining us today on Benzinga live. Thank y'all. Thank you. Y'all go, honestly, y'all are doing an amazing job. You know, what y'all have done for the community of investors is incredible.

And so thank you for just being a part of y'all story as well. So, you know, this is a new day that we live in and the more you can educate people the better. Uh, and so we're happy to always participate. Appreciate it. Thanks a lot, Randall. Thanks a lot, Ryan. Uh, whoever was in the chat asking for a price target, man, we don't do that.

Okay. Here, I'll give you a price for I'll pull it out of the air right now. It would mean nothing, right? That's not what we're doing here. And also, even if I did have a price target, what, what value would that have to anyone while, as I said, 'cause I said, it's going to 20. W what does that mean? It means nothing, right?

It doesn't mean anything. It's not, it's not the point here. Um, the point is to, to hear from the people inside the company, in the know, you know, obviously our Randall was very good at and not answering certain questions, uh, and, and dipping and dodging around certain questions. Um, you know, as he is wanting to do, frankly, uh, you know, I can ask what I want to ask and I can't make him answer in any way, shape or form.

Uh, all I'll say is, um, I guess the only thing we can do is wait and see, right. Wait and see on the app. Wait and see on who they're working with, because he didn't say frankly, I mean, he didn't, he. Didn't really say he, he was, I will say I had the pleasure of speaking with Randall actually back in January, kind of when I was first starting here at Benzinga and he was one of my favorite, um, executives that I had gotten to speak to just because he was so candid.

And did he show you the thing that the thing is arm thing? Oh, that was just like a month ago. I did see that, but that wasn't when I talked to him back in January, he was all healthy, still pumping iron, you know, but, uh, but my only question, I guess, that I didn't get to ask would be that if, uh, I know I didn't do a good job of telling you, but just does being associated with having done Trump's app in 2020.

I mean, Randall mentioned working with both sides of the aisle. Would that make maybe members on the other side of the aisle hesitant to work with them? If there have been like linked to you should have asked, man, he should have asked, Hey, well I think I ran a Ryan back. Hey, if you liked that you can do us like the easiest solid favor in the world.

Just hit the little thumbs up button on YouTube. I know it might mean nothing to you, but it really does mean something to us. So we would appreciate, I get to eat lunch. If we get to a certain amount of likes, otherwise. Yeah, that's actually true. Uh, uh, the threshold is always changing every day. And just to give you an idea of where we're at right now, uh, about 160 Spencer, I think Jason said two 50.

I get to eat lunch today. So that's actually, I think that's the motivation for us to not, to not get there. Like you don't get that you want was being mean. Hopefully the chat isn't as mean as Spencer. Um, I, Spencer, we did say we have a packed show today. What do we have coming up next? We, yeah. W we're already running behind.

What else is new, frankly? Uh, we have Katie's chain. I see her here backstage, uh, she's CEO of resources connection. Uh, Hey, we're going to talk jobs AB we're going to talk jobs. You love jobs. I do love jobs trying to tell them they don't like jobs over here. I like jobs where have all the workers gone.

That is going to be one of my questions, uh, for Katie. She, you know what we have over here. Let's just bring her on right now. Katie, Shane, uh, here she is. Hey KJ, Shane CEO, resource connection, ticker RGP. How are we doing today, Kate? How are you guys? And thanks for having me. Thanks for, uh, coming on. Uh, w w we need to keep this show on the tracks, cause it's liable to go off the tracks at times.

So we're trying, trying to, trying to keep it on the tracks. Uh, first, just tell us about, uh, resource connection and what you do, and then, and then I'll get into my actual. Great. So our operating name is RGP. And for some people that stands for really great people. We are a human capital firm, um, built with a group of knowledge workers or modern professionals.

Um, we're really built to deliver professional services to the marketplace in a more modern way. And for us, that means helping our talented consultants build more of a portfolio oriented career, meaning they can decide what projects they want to work on when they want to work for whom they work and where they work.

So we're a business model built for today in terms of the focus on flexibility, agility, and control for talent, where is all the talent, Kate, where did all the workers go? So it depends on what segment of the workforce you're talking about, obviously. And I think, I think the data, when you really dive into it, the data tells you that the workers that are taking a break right now, the demographic is kind of 30 to 45 year olds.

And I think part of what's happened post COVID is everybody's reassessing. What's important in life. And it's not about work-life balance anymore. It's really about does work, align with what matters to you as a. As a person and as a professional. So the workers are reassessing right now. I think they're coming back, but they're going to come back in a different way.

Now for our company, our demographic is a little bit older, so we haven't seen, um, the Exodus that some other companies are experiencing. Uh, but we all have to pay attention to what talent wants because it's a talent driven marketplace right now. And so, you know, the companies that think they're going to come back full steam ahead with the behaviors of the past, I think are going to lose.

We have to pay attention to what talent is telling us today. Okay. I I'm with you on that. Um, so clearly, clearly the w the trends in the last year and a half has been very good for, for you and your, your business, right? You you've just, you know, reach your highest revenue figure over the last 10 years, you beat your beat, your own guidance.

Um, That's all backward looking the last year and a half, right. The trends of that have resulted from COVID I've benefited you and your business. Um, but now we're co now we're talking about coming out of that now and, and, and, you know, the, the relative chaos of the last year and a half year and three quarters more normalizing.

Right. So what does that mean for your business? Well, I think it's important to understand that COVID, didn't create these trends. COVID accelerated trends that we're already building in the marketplace and that are, you know, trends like talent, wanting more control, talent, wanting more flexibility, um, and the trends toward project oriented deliverables.

I mean, when you, when you look back what's happening, we're about to enter, I think the fifth industrial revolution, right? And that is about bringing human and technology capability together. Um, and the pace of change is, is happening faster and faster. Um, disruption is happening in every industry.

Technology allows, you know, upstarts and smaller players to challenge the behemoths in this environment. And so what's that doing to business and business leaders? It means we have to innovate faster. We have to get our groups to embrace change faster. And the kind of skills we need to pivot on different projects or change oriented transformations means the skillsets you need in an organization are constantly changing.

And so this paradigm of full-time employment being the only career path for knowledge workers is gone, and I think it's gone forever. And so there was a recent article in the Harvard business review, which, you know, aligns with my thinking. I'll share that up front, which is, you know, we're finally seeing the rise of the project economy, meaning that operational change will happen based upon project teams and not necessarily full-time equivalent employees just handling the day-to-day operations at the business.

And, and that was, you know, happening. Peter Drucker talked about that years and years ago, as the smartest companies will keep their core team lean and access skillsets. They need to drive innovation in their organizations. And that's really what we're seeing now, which wasn't created by COVID, but was accelerated by COVID.

Right. That sounds like it's great for the business. They can keep their costs down that way. Yeah. I've yet to sell me though on how that's that great for me as the worker, other than flexibility. And I get to live in a van out, down by the river if I want to and work on my laptop, but uh, it's I also, I hear that and I, I hear.

No benefits. Right. Well, okay. So let's talk about that. I mean, what I love talking about with, with you and others is that our company does offer the safety net of benefits and professional community. So it can be done. We're here to tell you that you can enjoy a gig work and a safety net and a home and a professional community and professional development, all the things that knowledge workers want, but we deliver it in a different way.

And what I'd say is it, it, it's a fabulous opportunity for talent that wants more control, um, wants to be able to work on projects at some of the most beloved brands, not get involved in the politics or the hierarchy of traditional kind of employment and career growth. And, um, you can do so in a way that also protects your family protects, um, your health care needs, et cetera.

And so we're really a new model for the modern age. Yeah. Um, Kate, I, I'm just curious, uh, of all the things going on in the job market, in your business at a, at a resource connection, uh, w w what is the trend right now that, that, that keeps you up.

Hiring great people just having enough people for our client demand. I mean, it's interesting. Our company started about 26 years ago. I mean, we spun out of Deloitte, um, out of the big four paradigm, but we're something very different. Um, but it's always been about finding the best people who want to bring their problem solving skills to the client environment.

And so the only thing that keeps me up, um, right now is making sure we attract that we become that irresistible employer for the talent. Um, you know, the most sought after talent in the future. Awesome. Katie, Shane CEO of resource connection, a pleasure to chat with you. We'll have to have you back on again, as, as the, as the market develops more and whatever trends develop more that we're, that we're maybe starting to see right, right now or changes.

And we'll have to have you back on to discuss this. Cause you've, you've got a pretty unique insight from your spot in the, uh, the ecosystem. So thank you so much for joining us today. We appreciate it. Great. Thanks for having me. Uh, all right. Uh, we are back on time, everyone, if you can believe it. I know.

Um, and let me see here. I see our next guests. Let's get that banner off the screen. Yeah, we can go ahead and do that. Thank you very much. Um, yeah, so coming up right now, we have car parts.com coming on for a retail investor AMA. So this is interesting if, if you've never participated in an AMA before, it's an ask me anything.

So post your questions in the chat and we will go ahead and pull them on the screen. We will do that. Um, yeah. So, so without further ado, Spencer let's, let's go ahead and get to let's just bring on this CEO and the COO of car parts.com, ticker, P R T S Lev Parker, David, Minnie. And we got them here. Let's bring them on their backstage.

I see them there. They are. Wait a minute. Are they on mute? Can we hear you? Hello? Looks like, wait, I think they're on a mute. Oh, no. Let's see if we can unmute them. No, I think they will have to do it on there. And can you get yeah, on the it's something on the, on your end guys here, that's moving backstage for a second and we'll be able to see when they're on a muted and um, within the, within the platform from the platform, they can do that.

Uh, in the meantime, um, everyone in the chat, I, I w we have fun bowls. We have fun bears. That's what makes the market, um, and just because you sell one disagrees with you doesn't make them necessarily wrong. It doesn't mean it's not a personal attack to be. Bullish or bearish of stock. I just wanted to put that out there.

Cause you guys, a lot of people fired up about Phunware right now. If you miss the phone were interviewed just for wanting to show like 20 minutes and you'll catch it. Uh, do we have David and live on mute and no, I still see them. They can't, they can't hear you guys to working on changing their speaker settings.

Just a little, thank you, producer Rojas. He can't even hear us. So how would they know that we were talking to them? We wouldn't exactly write disagreements. What drives the stock market. So yeah, just like that. If you ask a question in the chat, we will bring it up on the screen provided it's appropriate and we can, you know, actually not be embarrassed and humiliated when we bring it up to them.

So, um, bowls in the long-term win. Oh, in the long-term stock market. That is true. We're at all time highs. This is generally true. Uh, but of course not all stocks go up and stay up. This is why I like ETFs. All right. I think we have them back. I think we have Lev Lifepak or the CEO, David, Minnie, and the CEO of car parts.

Can we get them on here? Take two, hitting the button. Um, hold on. It looks like they still cannot hear us. We're still troubleshooting this. Okay. Um, let's see. Actually it looks to me like they're frozen. Oh no, they're not frozen. I think we add them guys. Nope. All right. We're still working on that. You heard them?

I heard some typing on their end, but they can't hear us, which is the problem right now. Hey man, it's alive. This is what happens on live shows. It's fun. You roll with the punches. So we'll get, we'll get Dave and then live on in a second. And then after them, we'll have Jesse Kaler from elite trading and we're just going to spend the next hour after this, just like ripping through charts.

If you have a question, you might have stock drop the ticker in the chat and we'll just, we'll just run through them. We'll get, we'll get thoughts. Any stock you want to look at, we will look at, I can't promise you'll have anything good to say about it, but of course, but we'll look at it and it's what, what, what's the worst that can happen.

Right? Uh, so we will do that basically for the, uh, the, the, the, the one to two o'clock hour. We'll wrap up the show at two o'clock and the timing is, uh, precipitous because that's right where we're going to get the FOMC announcement. Don't forget everyone. If you are trading today, uh, the day's liable to turn on a dime depending on what happens at, in an hour and 12 minutes from now.

Um, what the fed says regarding, uh, there are tapes. Of asset of buying out, uh, um, uh, uh, bonds of buying mortgage backed securities. They're going to slow down their pace of bond. They're going to eventually stop. We just don't know when they're going to start the process. Is it going to be in December? Is it going to be in jail?

It's it's trying to like, it's like trying to turn the Titanic, right? Wait, it's just such a slow, drawn out process, but the market cares about that stuff. And market cares because this was this, the bazooka gone safety net that, that the fed shot out of a cannon last March. Right now we're talking about maybe slowing down the bazooka a little bit, the fire hose of money, uh, that could, that announcement could come today in an hour and 11 minutes.

And, uh, yeah. And Spencer retaught about it on Monday, as far as you know how essentially all the big banks between Morgan Stanley, JP Morgan, we're expecting this announcement to come this week. To my knowledge. I, I believe it, a lot of it's priced in, but like you said, there could be a surprise in terms of when that tapering is supposed to start.

If it, if it's earlier than expected, maybe the markets take a hit if it's later than expected. Um, the opposite of it hit. So we shall see this afternoon. I know all eyes are on the conclusion of that fed meeting. We will definitely be covering here on Benzinga. Um, so stay tuned. If you are interested and let us know in the chat kind of what you're trading and what you're looking, we are watching the chat.

Ben Lee, what do you want us to answer, man? Mainly I see your question. He says, we're not answering you. What, what do you want us to answer? We don't know Bentley, if you're even a real person or even a real person. I don't, I know you're real. Yeah. I mean, I, I don't know. There's it seems like there's been a lot of problems, uh, w with true social, it seems like in the past couple of weeks, a lot of reports coming out, I tried to get to get the app the day that the, the I announcement.

Um, and I, I guess I pre-ordered it, I'm not quite sure how that works, I guess, is what happens when you get an app it's not public yet. Is it going to show up on my phone one day? That's just how this works. Cause I, I hit download and then nothing happened. So I don't quite know. I don't know. I mean, we'll be, we'll be watching out.

We'll see when the app goes live. Um, checking in on the spec that that is partnering with true social is down about 1% today holding at $64 and 30 cents. Uh, this is a stock that, you know, obviously went berserk a few weeks ago. Um, reached, got well over a hundred dollars at one point now at 64, uh, dollars.

So we'll be watching, um, D whack as well, Spencer, while you've got Benzinga pro up and we're waiting for the car parts guys. Um, I want to check in on, on a cannabis stock. Uh, well, not a true cannabis stock, but one that I've said I liked in this space that is Scott's miracle grow SMG. Y um, Scott's reported earnings last night and is taking off today up about 12%.

So essentially if you, if you're unfamiliar with the stock, Scott's miracle grow, of course has their different soil products known for gardening and whatnot. But, um, if you go to Scottsboro gross website, you can go under the brands they own, and they have a bunch of different brands, uh, that are, are targeting the cannabis industry.

So, uh, you know, focused on the lights to help grow the cannabis, um, soil of course, all this stuff. So to me, it's a place. Gets you that multi-state operator, obviously Scott's miracle grow with the equipment, um, can kind of be a grow G competitor who, uh, grow G has been touted as the home Depot of cannabis, but never got, because you can go there to buy essentially everything you would need to grow cannabis, uh, without having to go there to, to buy home Depot with home Depot of candidates.

I agree. And I think Scott's miracle grow. The brands they have under are very compelling as well. Um, all right. We are good with car parts.com. Give us a couple seconds and we will bring on peeker and David many. And we are going to go ahead with our AMA, so start spamming your questions in the chat. Can I hit the button?

Hit the buttons guys, thumbs up. If you can hear me thumbs up. Let's do that. Then they can hear us. Okay. They can hear us. Oh man. We're going to do this third. Time's the charm 3, 2, 1. Yes, we have them. What's up. What's going on guys? How you doing? Good. Great, great love peaker and David Manion. David's been on the show a few times.

I believe we've had Levon as well. So welcome back guys. How are y'all doing on this Wednesday? We are doing great. How are you guys? Good. Good. So for some of our audience that may not be familiar with car parts.com, can you guys just give us the quick elevator pitch 60 seconds so we can get into the school.

So I'll do it. So we're, uh, we're an online retailer specializing in auto parts. We sell collision mechanical performance and accessories. And what makes us unique is that we have our own supply chain. We import straight from the factories in Asia and domestically. We bring all the inventory in our distribution centers and we sell them directly to customers.

So what that does is it allows us to sell premium quality parts at competitive prices. Got it. All right. Well, give us a second because there is a site. Can we start? Cause I have some questions. Let's start with Spencer's questions. We'll get some from the chair. Can we your own supply chain? Uh, what, why, why do that?

It seems like an obvious thing to do now, right? When there's supply chain chaos everywhere. But at the time, I'm sure that was not an obvious thing and there's a reason, not everyone does it. Right. So why, why, why do that, uh, at the outset? Yeah, it's a great question. And it's an obvious thing for us and it's been obvious since we joined the company three years ago, it's about controlling our own destiny.

It's about vertical integration in order to offer the best quality products at the best prices you want to control the whole journey from factory to fulfillment centers, straight to the customers. So no middleman, no third party. There's no one in between making a markup and we can offer the same, same parts at great price.

So it looks like we do have our first question coming in from Brian baller. He's asking thoughts on Tesla taking over the car industry. And I'm going to add to that a little bit, because I know Tesla famously has less car parts than other cars. Yeah. So I'll take that one. So I think if you think about the car park today, you know, there are 286 million vehicles on their own.

And the average age of the vehicle is about 12 years. It's the oldest. We've seen, uh, cars on their own, uh, to date. Yeah. And, uh, if you really think about how many cars Tesla is selling per quarter or per year or whatever number you want to take, and it's a very small percentage of the car park. So it's going to take a long time for not just Tesla, but all electric vehicles to penetrate the car park.

But we have been getting ready in January. We'll launch a car cars.com/cd. Uh, we have over 700,000 applications, uh, and different parts for electric vehicles. Uh, we were also a launch partner for TRW and their blue line, uh, which has brakes for electric vehicles. Um, so w we have been getting ready. Um, and the other misconception is that Teslas have fewer parts.

You know, 90% of everything that was sell is, uh, really drives through Gnostic. So, you know, Tesla has bumper covers and mirrors and the headlights and control arms. Um, and sure you have three plays breaks less frequently because of the way the, uh, the car, uh, breaks on its own when you release the gas bottle, but it still has those parts.

Wait, just real fast. Um, the average age of the car in the us 12 years, how does that compare to historical averages? I too used to be, you know, between 10 and 11 and it's been slowly climbing. So, you know, we went from 10.6, uh, maybe 10 years ago to, uh, 12 years, uh, this year. Uh, ah, okay. Moving on. So easy, Mike is asking, do you guys currently have any deals with the major automakers?

I was going to say what's up easy, Mike. Cause I like the name. I think actually you bring up a good point. Then what makes our business very unique is our private brands. 90% of what we sell is our own brand and our own product. So that's how we can, we can have the same quality as the OES, but at more attractive price.

And we're also, you know, early on in our journey, we decided that we wanted to reduce the paradox of choice for the consumer. So our goal is to offer the customer a good, better, best selection. And you know, if you think about an OEM part, you know, it's extremely expensive in most cases. Uh, there's really no.

And a lot of we parts, uh, you know, we create our own catalog, right. Their own data. And so eventually we will offer consumer choice to buy an OEM part, but the aftermarket parts are just as good. Um, and often they're sourced at the same factories as where OAE make their parts as well. Got it. And so Eduardo Gonzalez in the chat is asking, um, do you guys offer a lifetime warranty on your parts or, or if any warranty at all?

What's the duration of that? Yeah, we're actually in the process of rolling out, um, all new policies in terms of returns, uh, we're really want to be consumer centric. And so, uh, over the next few months, which we'll see, we'll see us roll out as hassle-free returns. So the first 90 days of the, uh, of you owning the product, you'll be able to return it to us.

Uh, no questions asked. Um, and then after that, there'll be a lifetime replacement guarantee where, you know, if you buy a set of brake pads, you'll be able to use those brake pads. And then in a year or two years, whenever they wear out to return them to us and buy a new set and get us afraid, I think Eduardo brings up a good topic.

And if you look at some of the, some of the specialty retailers that are doing really well right now, whether it's chewy or Warby Parker, some of the online players, their return policy and their warranty policies is what also makes them very unique. So that's one of the things that we're looking to match and, and improve on over the next few weeks.

Got it. Yeah. That that's interesting. Um, someone else is asking a good question to chat rich. Kaiser's asking to have I saw this one. This is a great question. How far back in years do your parts go for the people who have classics? I mean, we're up here in Detroit, Michigan. So a lot of people out here are driving cars, you know, from the classic cars really from before you were born.

So literally we go back to, uh, about 1980. Um, we are in the process of expanding our assortment and identifying gaps in our catalog. And so classic and the restoration is definitely, uh, one of the areas that we want to pay attention to. So you'll see us kind of start catalog. There'll be calls, you know, and go back to the 19 56, 7 twenties, um, as we kind of attack new areas and get a new, a new arts.

And there was another good one here I wanted to get to your film, the chat that I just saw. Uh, and I want to, um, yeah. Okay. This is going from bread, bread goddess. I don't think we asked this one. Right. Uh, do you work with individuals or companies? Is there any you can name? Uh, so we primarily ship to individual consumers.

Um, now from our research with do know that one in six customers takes the parts to be, uh, installed or replaced, uh, somewhere else, they don't do the repair. Uh, and we're also working on a lot of different initiatives to address the, do it for me market. But today our primary focus is do it yourself, individual consumer here's one from Christian.

How has your supply chain slow? This is the obvious one, right? You have your own supply chain. What was surely it's affected? Right. So how is your supply chain slowed down? I've been affected over the last year and a half? You know, I think every retailer has felt some impact of supply chain, disruption, you know, for us, it's, it's an obstacle and we looked at it as an opportunity.

So very early on in the pandemic, we decided to take a more aggressive approach. So we continued to expanding our supply chain by opening new buildings. We continue to pay, you know, premium rates for ocean freights to have the inventory. We like to say that inventory is our oxygen. And so the fulfillment centers is really the key and the critical component of the company.

So we've been very aggressive in terms of bringing in inventory. And in fact, then we just announced it yesterday on our earnings call. Uh, we're at basically a company record in terms of inventory position. We have $130 million of inventory position on the books. That's up from 49 million, two years ago.

And as we get into our peak season, having the inventory in stock is what's gonna make us win 130, 2 million, the extra 2 million actually counts. So it makes sense that France, what about, uh, foreign cars? You guys are also in those Martin you're in all carbon. Yes. So all foreign domestic, uh, 1980 and above for now.

Um, but we carry it, uh, collision mechanical. We carry it all. All right. This, this isn't asking me anything. This question I highly, highly doubt you can answer, but somebody did ask about your take, I think on flying cars, I think, um, Hey, this is what we, we, we, we pulled the Jad for questions and this is what they say.

Let me find the exact question because I don't want to butcher it. Um, yeah. Yeah. Okay. This is the quiz. This is the question. We'll test produce a flying car in the future. Like the ones in the Bladerunner movie. Well, I doubt they can speak to Tesla specifically, but I'll let you guys answer that as best you can.

I hope so. And you know, if it falls out of the sky, there's going to be more parts to replace on it and I'll tell you for me, I'm still waiting for a flying DeLorean. Yeah. Yeah. Those, those are supposed to be out by now. I thought, um, this isn't from the chat, but I'm just curious right now. What, what brand is the most bought, um, you know, brand of car parts on your website right now?

Uh, meaning for which brand of cars or yeah, for which brand of car I know it's your, I know it's car parts.com branded parts, but you know, are they for Toyota's for Volkswagens? It really follows, uh, vehicles and operations. So it's, you know, the number one selling vehicle in America is a Ford F-150. So a Ford F-150 is the most common.

Uh, vehicle, that was all parts for it. And I'll give you the other ones. It's a Dodge Ram Chevy Silverado and Toyota Tundra. The remains yes. Of trucks. Yes. So, so logistically, you know, so I go to a mechanic, they, you know, typically would say, oh, we have to order these parts and there's going to be a markup for those parts.

Um, so if I went to a mechanic and knew which parts I need and then went and got them myselves from car parts.com, could I bring those to the mechanic and then, uh, have them install those or do they, the mechanics themselves have to order from car parts.com. Yeah. So we've seen the pie kind of change. Uh, you know, if you would've asked me 10 years ago, I would have told you that, you know, most mechanics wouldn't take the parts that you sourced outside.

Uh, but I think as kind of time went on, um, a lot of mechanics, uh, they kind of work like lawyers or doctors where, you know, they, they have a certain amount of money they want to make per hour. And so if you were to go out and source your own product and then bring it into a mechanic, uh, he might have free time and he means stole the parts.

He might charge you a little bit more for labor. Uh, so, you know, if a typical labor rate has one time per hour, he might charge you 1 35 just to make a little bit more per hour. Cause he's forgiving the, uh, extra profit on the parts. Uh, but a lot of mechanics will do the repair. Uh, if you bring in the part.

And then, uh, just to wrap it up here, there was a question about a warehouse automation. Can you speak to that a little bit? Is that something that you're investing in or not really? Yeah. You know, automation is a word that gets thrown out a lot. There's different types of automation, you know, for us, it's all about customer experience and clicks, optimizing click to delivery.

Then what that means is when the customer places an order, we want to ship it out as quickly as possible. Now there's different ways. There's different types of automations, there's conveyors, there's AMR. So we're always looking at different ways to optimize the warehouse. Ultimately, you know, we have a thousand people on our team in our DCS.

It's the critical, it's the heart of the company. It's the people that make this company run and allow us to be here today, frankly. So that's never going away. Are there opportunities to be a little more efficient? Long-term absolutely. In the short term, I think we're doing pretty well investing in our own people, uh, especially in this environment.

All right. There's actually a couple more here. I, uh, someone asked about Berkshire grey BGR. Why I just put the chart up there? Uh, is that a company you're looking at for order fulfillment? Uh, so actually, no, uh, what we're looking at right now is building up our own capabilities internally. Um, I don't like to say it in public, but it's kind of true.

We're control freaks. And what that means is we want to control our own destiny. So a lot of the tools and technology that we use and how we leverage data is all built internally with our own. All right. And then last one here from Christian Gallagher. Do you offer free shipping and how long has your delivery time?

So right now, you know, typically what we're aiming for is, uh, two to three days delivery. Um, and that's why it's really important for us to get closer and closer to the customer, because what we're trying to achieve as 80% of the country in one day. And we're also trying to achieve getting the package out of our distribution center our same day.

So if you think about placing an order, uh, on a Monday and getting a part on the Tuesday, that's where the competitive advantage really comes in for us. Um, so that's why it's such a big focus on opening more and more distribution centers, uh, getting closer and closer to the consumer. So we can fulfill orders really quick, uh, in terms of free shipping.

Um, a lot of our parts have free shipping. Some don't, um, you know, it's kind of free shipping is kind of a weird thing in the industry and the commerce because ultimately the consumer pays for it. That's just baked into the price. Um, so we kind of go the transparent route. We just show you, Hey, this is what we pay for shipping.

And, uh, we're passing those savings onto the consumer as well. All right. Uh, David Manion, I think that was, that was, uh, that, that was all we had. Um, I think we got to all the questions I'm 99% sure. We got to all the questions in the chat. So David Lev, uh, Carl parts.com, the CEO and the CEO of Lev peeker and David Minjan, uh, guys, a pleasure as always and a.

Good luck. Congrats on the quarter you just had and, uh, and good luck going forward. Thanks so much guys. Thanks for having us and PRTs to the moon. Oh man. Wow. Going out with a bang on that one. Uh, it's Spencer, you might not have been on power hour with us the past couple of times David comes on, but he always gives us a good car parts to the moon.

So I was not on got to love him for that. Yeah. Um, so yeah, I mean, I, I personally, I'm not a huge like car mechanic guy. Like I don't like change my own oil or anything, but ever since, uh, you know, we've gotten the chance to speak with David and Lev I've toyed around on the website and it is very easy to like find parts comes up very quickly.

I mean, it seems like a very disruptive, um, company in that space, you know, back in my day, we had to like go to the mechanic and ask for the parts there. Now, now they get the way now. That's why I asked the part about the, uh, um, if you go to the mechanic, cause I know they like to, you know, say, oh, we got to order these parts and charge you for the parts.

And I'm sure there's a markup and upscale there for what they're charging you. So mechanics. All right. Anyway, Hey, let's bring on our, our last guest of the day and, and you know, w we're in an hour or two of the show, this is the more relaxed hour, but actually everyone just chill. You know, lean back a little bit, Paul with some charts, and we're going to rip through some charts here with Jessie Kaylor.

Let's get JC on the show right now. Uh, Hey man, how are we doing here? How's it going guys? Thanks for having me back. Sydney has some good interviews today. Phunware was an interesting one. You can say that it was interesting. It definitely was interesting. I'm always interested in stocks like that because they have tremendous retail interest and uh, yeah, I love them.

Or you hate them and there's no middle ground. Uh, but what is on your radar today, man? What, what, what stocks are you? We'll, we'll pull up your charts here in a second, but, but what stocks are you watching today? So today was the day of, uh, pretty much rejoicing on the good trades that we had throughout the week and last week.

Um, kind of, uh, a lot of swings came into play that we'd been watching. So it was more of a takeoff today. I kind of just pulled some out. I did. Um, I did actually buy a little bit of fun where for fun and, um, average down a little bit on that one and took some profit out. I got in. And in that lower $4 area and got out around five bucks and I was like, you know what?

This is a nice little run, real fast get in and out. So it was kind of fun on that one, no pun intended, but the bagel was the Footlocker call out that I had with you guys two weeks ago when we were on your talk. I remember that I wrote that down. I don't have paper, but I wrote that down two weeks ago, we said, Hey, we're in the 40 sevens.

We're looking for that target of 50 bucks within the next two weeks. And we're at $50 and 83 cents. So, uh, got out at the $50 and it was actually at 49, 83 to be exact, but we got out a little early and that's how we like to make it happen usually. And, um, that's this exactly what we had pulled up pretty much for you, or we're saying, Hey, look at all these nice support areas coming in.

And then it actually gave us a nice pool that the day after, or two days after we spoke and then it, it ran back down and I was like, oh, maybe I spoke too soon Smiths. Or I was in the chat kinda messing with you one day. I was like, Hey, I caught up with laugher. Then like a couple of minutes later, I was like, oh, maybe I was a little too early.

And it found that support level right here again, and it didn't take it out and come back and, uh, break a new low. And then that's when it just kinda, it was, it was easy peasy after that ups at 50. Hey, AB just making sure you see occupying investings comment. Can we get a Berkshire grey BGR Y on the show?

I think we can occupy investing. I think we can. Um, G R Y, let me write it down on. Yeah. Trustee dusty, a legal pad here. Um, B G R we will reach out occupy investing. We will do our best to get them on the show. And we will tell you when that happens, but you'll have to tune in. Um, okay. Um, what else are you watching here, Jesse?

Do you care? Do you care about the fed at two o'clock? Are you not about that life? Um, well I would, if I wasn't, um, a hedged position, uh, you know, I put myself in the hedge hedge positions and I make sure that I'm protected. And when I took off some of my wrists today, I also added which I was going to talk about.

Cause we don't always talk options together, but, um, I did buy some puts to protect myself, um, in the money, puts on QQQ today and I'm going to probably, um, carry them as protection for now. Um, I think that if they, if we get a pool back, then I'll take some, some profit on them. Okay. Okay. I was surprised that we were up again, um, based off of some of the stocks that I was watching and I'm looking at Facebook, apple looking at all the tech stocks, I was kind of surprised that we're hanging on the way we are.

And then I, um, I look back again and we're up again, we're green. And then I'm like, okay, well, I'm just going to wait until the end of the day kind of thing. And I'll add some options when they have a big price, jump to the upside to take some of that, um, implied volatility that comes off the table.

Basically when they, when they feel like, you know, the, the way I say it, I say they, but really it just whoever's writing the options. And whenever that value goes into play, you know, you can look at something that's 300 hours and then you get a 6% jump into stock, really fast on a short timeframe. Then it's going to just crush some of that premium for you.

And a lot of times you can just find those good entries like that, and then just kind of find them throughout the day. If you're looking to build a position for a sweet position, I like to, if I pick a day or two, I'll say, okay, today I'm going to buy maybe one or two at points of interest. And then tomorrow I'll buy a couple more things like that and add on until I feel like I got my position where I wanted.

Yeah, that's a great point. You made about the market being, uh, I, I, you know, I, this is, we said this now for months, but every day I I'm reminded of another stock that has just been absolutely brutalized. They may, it may, it made a high in February and it's been crushed since then. And I know that there's like a hundred stocks that are making new 52 week highs today, but how many songs making new 52 week lows today?

Like 500. Like it, it's more, maybe more than that. Um, you know, like it's pretty crazy. Like I look at Activision like crushed. I look at Zillow crushed, right? Chegg crushed we're at all time highs on the broad market. And we have, we can thank Tesla. We can think of apple and Microsoft, right. The, with the big guns, but there's just so much that's gonna be out there.

There's so many people. Th th that are underwater in so many stocks and, and or people like me that watched huge run-ups last year, didn't sell. And now, you know, I'm basically back to scratch in a lot of stuff. I have, I, you know, I follow you guys. I'm always with you in the chat. And I said, I think I ha I have a good grasp on what you own, Spencer, I think in my opinion.

So I've seen where you bet, you're pretty honest about where your positions are on a lot of I'll show you what I own right now. I have a watch list or I'll show you what I own it. Yeah. It's nothing too exciting, but I'll bring them up on the screen if you're interested. So, and you'll be so excited. Like, you'll be like, yes, you'll, you're not, but like the group is, we're like, look, you're Spencer, great call.

And you're like, yeah, it was great. If I sold about three days ago or a week ago or a month ago, especially with Sophie, I know you've been on a roller coaster ride with that one. Um, yeah, there's sort of, I want, it's tough. Right? It's tough. Cause it's like, it's, it's a, it's a retail stock. Retail loves it. I know, I believe in the company, but I, you know, I, I confess not to know why it does what it does I guess.

Not that I should know, but, um, yeah, you know, it's a D SPAC, this. All these things working against it, but I believe in the company and I, if, if I really am, am not full of crap and I should really just be quiet and let it sit for awhile, which I'm trying to do. I hear it. I mean, it's not one of those things where, okay.

I only listened to Benzinga I'm only on your channel. I listened to so many different outlets. I have my own, you know, you don't have my own discord or we have our own information, our own news, the top stories that come in and we also use pro. So it's, it's not only you, there's a lot of different names, big names, and just even smaller groups that are speaking about Sophia.

It's not just like a name that's been like, oh, this might be a meme stock. I think it's actually, you know, when you look at the fundamentals, you look at what the company is going to be doing and kind of where your thoughts of where they might grow in what they could grow into. I mean, there are a part of them is everything it seems like now, but, um, I, I think it's a good one for long and I'm not invested in them whatsoever.

So, um, I've have traded them multiple times, but, um, I don't have anything in them right now. Same with Footlocker I'm out of that one. I did see in the group, they were mentioned S N D L and I I'll touch base on this one just because I've actually been watching it because I like to monitor, like we will.

And some of the other like wall street bets, we have, you know, you can just put in there, uh, a quick, uh, command and see what the top most popular stocks are. And this one's been on like every list for a, I would say two years now, a year and a half. And. They just can't seem to win. You know, it's one of those ones where they, they get a little bit of momentum, they seem like it's the, you know, the pot stocks might come back and this one just always has just been, the laggard has been the beaten up one of the bunch.

And, and you can almost say that about the whole sector, in my opinion, that it's been a hard, it's been a hard investment for a lot of people. And when I look at this chart though, technically if I said, Hey, I've never traded S and D I've never in my life, looked at this. I don't know anything about the company, but I want to know if it's a good time to buy it.

Well, in my opinion, you know, you can, there's 16 cents right here. Just that's the first thing I see is that, okay. Okay. There's a possibility that this stock could go to zero for one it's under a dollar. Um, that, that's the first thing that comes into my, my mind. It doesn't go, oh, it could go to a dollar or a dollar 50 or two or 2 53, 3 54.

That's not what I'm doing as a trader. I'm not looking at this space above at this moment. When I first come into trade, what I'm looking at is where is it? Touch it? Where is it going to, where are the people saying, you know what? We're not going to let it get any lower than this. Well, it's squeezing and consolidating really tightly down here at 65, but the last move was a downside move.

So in my opinion, the way I would trade this is I'm looking for, okay, from this mark right here. And I'll put a line here. Is that just for the whoever put that question? And this is where I'm looking at dollar 49. I would be a millionaire, in my opinion, if I hit this level, the 1 49, that was a great jump in a 65 cent stock.

And how, in my opinion, where would I want to go to be safe and say, Hey, I can take some profit for anyone that's looking to get to that level where I'm going to look for is a spot about 40 to 50% between that level. And if you're looking to get into a position like this, in my opinion, you know, obviously don't take this as stock advice.

It's all just, um, information obviously, but you've got a clear level right here. I'd be my out would be right, uh, right underneath this previous low. So I'd put it about 58 cents 59 cents. And then I'm looking to only gain from this previous move. So now we're forgetting about this big one. We're looking at this one to here.

We're going to try to gain here 73 cents. So is a risk profile. Good enough for us to take the trade. Then you'd put this right here. You pull this down, it brings up your target.

And to me, it just doesn't look like it's going to be enough meat on the bones for this, for me as a trader. Now, if you're trading 10,000 shares and you somehow get filled and get out of that trade, then you're really lucky. And you, you know, you tapered out of it. You sold a hundred at a time, a few hundred at a time.

Um, maybe a thousand at a time, things like that. But that just, when you look at that, there doesn't look like enough meat on the bones per se. There's not enough. There's not enough. There's not a big enough ratio for profit. And that's just where I'm trying to tell these people, you know, a lot of people, you see them in the group, they're hoping for these and I call it the hopium stocks and you're not going to make it just like you say, you're not going to make the millions by buying out of the money calls for, uh, weeklies and monthly, you know, options.

Well, you know, though, depending on who you are, if you pick the one stock or the 12 stocks out of the 2000, um, well, that's the thing is like just somebody bought the 260 calls.

I made a lot of money yesterday and I, I don't want like, I, you, you can't knock it because like, I almost think I, you know, we talked about hoping them, you know, holding them traded off, uh, you know, never selling a loser, just hoping to get out. It comes back. I mean, the more it happens and it's happened a lot, right?

It's happened a lot in this market. You've gotten second and third chances, the more it happens, the more you're like, look, you got to just, it is what it is. It's not really a correct way, but the correct ways, whatever allows you to either make money or get your money back at the least. Right. I mean, and it's worked.

I don't know why, but holding and waiting in a lot, not everything, but. Has worked. It's just the way it is right now. Um, and we can scream till we're blue in the face. Don't want to hold your losers, sell your losers, sell your losers. I mean, the, the Mo every time we get a stock, like it makes a comeback. I think that's another one, you know, I don't know, man, that's the textbooks.

There's one thing. Real life says something else. So you can diversify, you know, have a couple bucks in there for fun. If you, if you really like a company and you think that there's a catalyst in the future, that they could rise. And you're like, you know what, then my opinion, then you wait for a really, really bad red week or something like that.

You want to wait for. It's a take a week of red, you know, five red days. And you're like, okay, man, this thing has just been beaten down. It's down 23%. Maybe that's when you take a shot at a long-term call because that's what you're going to have. A lot of that premium taken out of it. It's just what I see is people buying them when they're up 30%, 50%, a hundred percent.

Now the premium went from a hundred to 2000 and you're paying $2,000 for a call that you could have bought a house for a hundred bucks yesterday. And the. Non-educated trader. I don't think that they're looking at that they're not going and going, oh man, I could have bought that for a hundred bucks yesterday and at 10 of these things, for what I'm paying for, for one, the other thing, the other thing also is like, I try, like, cause I'm, I've been underwater bad, you know, in some stocks and that, um, if I'm, if I really am convicted and I just don't look at it.

Yeah. Then I, then I, I honestly, I don't even think about it. I, maybe this is just me. I've, I've unique ability to pretend my problems don't exist, but you just pretend it doesn't exist. Just forget, just stick it in a drawer. If you're in sun dial from eight months ago or whenever that run happened, you know, just stick it in the drawer.

I mean, if you're, if you're that convicted. Right, right. Um, I, yeah. I mean, that's sometimes that's what it takes. So we talked earlier about the, um, the stay-at-home trades are pretty much dead. That's kind of what pre-market prep was going over in that th that, that was the theory of the morning. I don't know if it, if it persisted today, but that was the theory of the morning.

It's been a green. That's why I liked Footlocker so much. Cause I said, you know, this is a, you know, stay at home and a reopening play. In my opinion, you're always going to have to buy shoes, regardless if you're doing yard work or going to work, or now kids are going back to school. If we all get, you know, we have this hyper vaccination and.

Feels like we're good. Herd immunity goes in effect and everyone's back out, hanging out doing other things. Well, it's kind of already happening in my opinion. I don't see a big difference in my life. Um, as of right now. And I don't think that our children are going to get forced to be stayed at staying at home again.

Um, just because of the fact that they were just so far behind the kids coming back to school, that we're staying home. So I, I think that, um, these plays are going to be more and more on my radar, you know, looking into like, what do we need necessity wise every day? What are our children using? Like what, where are we spending our money?

Now I know where we were spending it a year ago. I know that a lot of people were hoarding their money. They were, um, going out to the grocery store, thinking that we were going to have the last steak you ever had in your life. And you know, that that's where people were worried about. Now, things are going back to normal.

Um, I think there was a lot of profit taking in the stock market and there's a lot of people that woke up and look at that, did what you did. And hadn't looked at their stocks in 10 years and took profit. And, but I also think, you know, my grandfather was one of them where he sold a lot during the pandemic and never Reebok.

And, you know, he's regretting it. Yes, yes, yes. That is like a great fear that I have, um, is for people get raked over the coals, lose their shirt, set. Which was okay, and then never buy back in. That's why we talk about diversifying all the time. I feel terrible for the people that sold in 2001, 2002 or 2008, 2009.

And they missed the best decade that we've ever had for stocks. Um, I hope that we, that that is a, an overarching lesson here is, is, is, is generally speaking. The stock market does go higher. And the saddest part is, as he said, every time there's been like, oh, 9 0 8. He was like, you know, I always bought more.

And he said, this time, he's like, I just didn't buy the dip. And I'm like, man, I'm like grandpa and your lifetime. You've only seen a few of these. And if you have that big money there, you got your 60 years of retirement from GE. You've got, you know, unfortunately that's the company he had to retire from because they did not take care of their employees with their stock.

But, um, at the end of the day, you know, he had a good chunk of money there and he's like, you know, he had AMD, you know, in the teens and, you know, still sold for a profit. But I mean, he's looking at it going over a hundred and he's pulling his hair out, you know? Right. Yeah. Hey, I've got a family friend that retired February of last year and or January of last year.

And then I, I felt like so bad for the guy just watched a quarter of his portfolio, go up and smoke. Now w when, when he needs it right now, he's retired. He needs to live off his investments and he just lost a quarter of it in like a month. And then it came right back. But we had no way of knowing that was gonna happen.

Um, and, and, and, and, you know, people like that, you know, people need the money. Yeah. Please stay invested, please. Shelly said, I always snack on power hour. Y'all need to get snack sponsors. So read it. He hit us up. We can do, we can do that. Um, you know, we can get, you know, I hear a body armor, uh, is, is big right now.

It's got, uh, a lot of money from Cokes. Maybe we get, uh, uh, uh, body armor. W we, we can get some, maybe try Celsius speaking. We can try some stuff. We can try some stuff. We can try to get some snacks sponsors. Um, I I'm this show, Hey, let's hear some questions from the chat. A few people were asking, let me go scroll up here.

Cause I, I lost it now. But if people were asking about, um, here's another one, just like the, the sunlight thing is BBB. I G I mean, it's the same, it's the same story, right? It's sorta, it's basically the same chart. Um, this doc is complimented. We've been on the show. They've been on the channel. Um, I don't, I don't quite understand it.

Um, but it's got this following for whatever reason. Um, Uh, if anyone wants to explain to me why certain stocks have this following and certain stocks don't I would love to hear it, but, um, it's got, it's got this cult, like following behind it and, and I'm in the chart, you know, it looks the same and that it's well Alphatize so I know, I know that Zack Morris was big on it.

I don't know if he's still is. And maybe that's part of the problem here. Favorite pain in the butt. The show saved by the bell, the principles, sorry. I'm showing my age. I'll be 36. I have a great, I have a great Mr. Dotting impression actually do it. It's a it off the screen. ASCO. It's Hey, Hey. Hey, what is going on here?

Is that good? I like that. Thank you. It's fun side, everybody. You guys look at this, see this.

Um, so, you know, look at this one. I mean, if I'm just, I always pull up things, technically, I don't know anything about the company. I know it was all over the, um, the radar for, you know, style. I like to look in the morning and I even put in the chat a lot. Pre-market gainers, pre-market losers. This one was on the board, like every day for like a month.

Um, but you can see that a significantly. Fallen off here. And at this point, I think it's at a crucial, crucial level that says, okay, I'm going to come back and give somebody a few bucks back and get you back to 5 84. If you're holding on to this thing, 5 84 of you at a level that I'd be five 50 probably would be like, Hey, I'm outta here.

I got some bind more. Now, if I really want to hold onto it with a really tight stop-loss right here. And then you're hoping for yourself to get a 50% retracement on this previous move here. That'll probably consolidate in a lane right in this area. And then it'll probably open up and break out for about 20 minutes of the day while you're sitting at work and not paying attention.

And then you're gonna be like, man, I could've sold at six bucks and got two bucks back or five bucks and got a dollar back. But, um, this is where you set your trading plan and you can set it just like this and say, okay, I want to get out and you can have multiple targets. You could say, I want to get out.

So I'm here, here, here, and you can set those and just walk away from it kind of thing. In my opinion, on this one, if you really involved in it. But if not, you put an order right here and let them fill you one day. If you get lucky on a bad, bad day and they drop 50%. Cause that's about the only thing I can see on this one.

Oh, who was it? Who was this in the chat just now? Uh, I want to call them the so one is, is doing some arbitrage here on ticker, F a T fat brands. Oh, I just lost the comment and the check. Where was it? Uh, fat and yeah, ask WW 1 6, 0 3, 3 is arguing fat and fat BB right now. Um, I don't quite know what's going on here.

I know they're both low floaters, not very liquid. Um, but they're both spiking right now. Um, so what, uh, I know that I think they report tonight. I think fat reports earnings tonight and now tomorrow, sorry, tomorrow after the close. Um, what does that brands do? Well, I don't have to know. I can just look at the Benzinga pro uh, they are a restaurant.

Oh yeah. I think I knew that. Yeah, they don't, um, they own let's see they, oh, they own Johnny rockets. They own fat burger. They own elevation burger, uh, hurricane grill and wings, Bonanza steak houses. I've never heard of any of these. I've just heard of junk Johnny rockets, but, um, yeah, restaurant stock spiking right now.

And when I see restaurants, I always go to this one, DRI uh, Darden, cause it's a, they own a lot of restaurants that I'm actually familiar with in my area, in the Midwest. And, um, I've actually been watching this one because they've been kind of consolidating in this range and I've, I've been watching them.

To dip all the way back down to a hundred is what I've been watching. But, um, you said fat, let me that one's rip and it's not affecting them at all. So yeah. Fat and fat is the act is the liquid one. FAA TBB is not liquid for Jack. And I think it's just moving the market dynamics here. I mean, it's got a float of half a million shares, so it's not, they said you had me at Johnny rockets.

I've never even been to a Johnny rockets. I've been in one in 15 years. What are the, is it like a sub place or something? Fifties, fifties diner, uh, highway 55 kind of place. Um, so 8 54 to 1259. You're hanging out right in that area where it's like, okay, you got people buying and selling right now. So, um, let me go to the smaller timeframe just to see if I oh, wow.

I don't see, I don't want anything that looks like this on a trading. When I'm trading on a smaller level. I just don't like it. It looks like a bunch of blue to me. Uh, what about here? The here's one I'm not familiar with. Uh, Azule different. Daniel Ryan ticker, a Z U L. I'll bring your comment. I bought it yesterday.

Now they want to buy bankrupt airline. Oh, those are diamond dozen, um, a Z U L up four and a half percent today. And Daniel Ryan is long from I'm assuming somewhere in the third. Me, I'm taking profit in and maybe looking to re-enter if you really like it right around this area, 1444. That's just how I would trade it.

Um, I'd look for it to try to come back down and retest this low. And if it doesn't retest, it will probably at least hit this 1440 level. And I'd like to reenter around there and then have stop-loss below this. If I'm, if I'm getting in here, I'm out. Once it breaks past this previous screen candle salt, I'll tighten this up on a 15 minute.

If you're trading this, you know, now like a now trade, then if I'm looking at like this, okay, we, we get a nice run. That's what I'm paying attention to the stock. It starts to not make any more new highs and then it flushes down. And when it gives you this back right here, that's where I'm out at the end, my opinion.

And then if it comes back here and retest this area and then starts to come back up, then you in this channel here, then that's when you're like, okay, I can go back long. And again, cause I'm a really, I like to take my risk off instantly as soon as I feel. And I'm a feeling person, I like to watch the, the trade and I see it.

And I'm just, you know, looking at it the way that the price action is moving. And once I start breaking back down, I don't want to be the guy that's catching up, trying to catch the full on knife. Once it breaks past this 1388 low and continues back to right where I got in to get, I don't want to lose all my profit, but some people would say, okay, I'm in here.

And then you're, you're looking for a price, maybe a price target of 15. Well, if you just set it, then you're going to hit it. But me, if I'm watching. Then I would have already been out on, on this play, honestly. And I probably would've maybe re-entered if I was really long, uh, once it, once it didn't make that new low, and then now you're just kind of hanging out with a lot of profits.

So it's just, it's kind of, I don't know. It's up to you on your what's your trading, um, risk reward is, uh, I'm just keeping an eye on the spy here and we are just so quiet. So happening into the, into the fed announcement nothing's happening. It is so quiet out there in the broad overall market. As we wait on whatever the feds are gonna say, two o'clock here.

Uh, okay. Let's do some more from the chat here. Jar jar particulars in here's one tattooed chef TTC F this one comes across my radar every couple of days. It seems like somebody asks about this. I'll tell you what I really, uh, I've been seeing more and more of these types of products in the stores, but they're not tattooed chef brand.

I see every other brand. Maybe it's just a store that I shop that are like, like beyond meat. Uh, okay. Yeah. I'm a go to the butcher kind of guy. Yeah, yeah, yeah. Oh yeah. I like the fresh meats. Yeah. Um, So I like to go to the daily, I'm going to break it just to put up some levels that I have there, just to kind of give me a reference.

Once I get to the smaller levels and see where I've missed out on a, on a place. See, I kind of was a little off on that, but it looks like,

looks like this area right in here is where the buyers are coming in, getting you some, some love in this $18 range and you see it. Just blast it all from there already. So me, I feel like I've already missed out on this trade if it's just a trade, but for long-term wise, you'd want to come back out here and see where your, your next hot.

Yes. I mean, it made a higher high, but it also made a lower low on this move. I get, I mean, unless you can, I mean, it broke past this one, but I guess it's kind of a double bottom, but this looks at me like it might want to take off again, up into 20 $20. We haven't seen 20 on that and a long time. Yeah. Let me call my daily here.

Yeah, it went to 20 since, uh, September. No, yes. It's really got to hang out and hold this this $18 range. If it can hold and stay above 1867, right where it's like in this area right now, if it could just stay here and close, open up tomorrow closer to 19, I think that you might get that nice little run up to 20, but it might be really short.

All right. Uh, people are worried about maybe they're thinking Christmas that people are buying this stuff for Christmas. Yeah. Uh, okay. Treasured. No, not treasured. Sorry. Uh, who asked Sean asked about a stock, but has, is not trading like LRN T as like no trade. So I don't really think we can look at that.

Um, what about Kroger's someone said, yeah, I saw Kroger. What's it doing today? I haven't looked at Kroger since the open. How are we doing since blew up today for Kroger anyway, 42. Yeah, this is ridiculous. This is because of the bed bath and beyond thing. This is so dumb. Everybody's buying Campbell soup.

This is so dumb. Oh, sorry, Sean. Uh, all right, well, we'll get to that one second. Um, yeah, this cable, this Kroger thing is so dumb. Well, you see your double bottom and then you see your, where they sold it off from this top of your, I mean, you're looking at it almost exactly. A 50% retracement if you see that there.

Yeah. And I go over, I know you said pricing. We do this a lot where I show the top, I show a bottom and then it's like, right. When we're talking about it, it's always hanging out right here. And that 50% rate that's well, that's when it gets on everyone's radar. Yeah. This is, this move is probably short-lived on the floor yet.

Yes. I don't have a crystal ball, but, but I mean, Uh, cause I, I try to think about like the, the characteristics of the types of companies that, that capture the attention game stop. Right? Traditional video game mall, retailer, AMC, traditional movie theater, right? Alias traditional, uh, car rentals, Kroger, Kroger sorta fits that, but it's also like a, it's just a grocery store.

It's like, there's nothing existential. There's no existential threats to their business. They're there there's no, this is not a rally behind Kroger type of situation. Um, this is still going to be short-lived. I think I, I, I would not buy it up at 40 to 50. Absolutely not. Um, if it were me. Okay. The one from Sean was, uh, iron net.

I R N T. Oh, I like this one, um, as just a point of talking point, because this thing was along the lines of greed, Grae, if you saw that, this is like in that same moment. Yeah. And this is just what happens, you know, people who come in, in their wake up in the morning and they're like, you know what, this thing's on the radar, it's up $40.

And then it pulls back and they're like, oh, okay, I'm going to try to get in and take a shot. And then it just looks like shot, shot, shot. And it just goes down and down and down. That's when they're going, Hey, what about this stock? Now? If you're just now first person ever look at it and you're like, okay, this is what I want to look at.

What's going on. Right. Then it looks like it's trying to pull back and give you, it's trying to say we're a little oversold down here at 11 bucks, 10 bucks, but they're not at the go in and look at the fundamentals, see what this company is doing. Um, I think they're a web protection type of company. Like, uh, I don't, I don't know exactly what it reminds me of iron dome.

That's all in your new, the iron Jomon. Israel is where I think of what way when I hear this company, but I mean, you got to support me out in 78, 11 65 right now, occurrence of word that $10 is your downside. Yeah. And the chat is right. It's it's other grocery stores too. It's not as Kroger, but, um, yeah.

Anyway, irony that I, that is interesting. Cause it, it, um, it is like a, it does have a lot of retail interests, but, um, I actually, I don't know, really know how I was going to, I was, I was going to say the chart doesn't act like it. So is there a big money out there? Here's my conspiracy theories. They're big money or they're hedge funds and algorithms that are saying, okay, we're going to take all the top stocks on wall street, bats, retail trading platforms.

And we're going to short them because it seems like a lot of these stocks, as soon as it goes on that list, it goes way down what, maybe it's a kind of stock that gets on that list in the first place. It makes it easy for them to make that. No, no, no. I'm saying maybe the kinds of stocks that are on that list are just shitty stocks to begin with and are just getting in the pump and undeserved pump, right?

Um, yes. Undeserved pumps are maybe, is there an, an, uh, an undeserved pump algorithm? I need to know where that one is because someone needs to build that for us. Yeah. I mean, yeah. We need stocks that have, and people on discord when people on discord and Twitter, probably a bad PE scanner with, uh, bashed fundamentals.

Um, and you know, , I'm old school, old school business model, like car rentals and movie theaters or video games, uh, stories. And, um, yes, it's great. Paul stocks. So we got to, okay. Grandpa, what did you invest in 50 years ago? I'm going to write that down. And those are the ones that are winning right now. Yeah.

Yeah. Honestly, PG Procter gamble. That's the one that was on the list for when I was a kid. That's what I knew of banks. I mean, PG doesn't look too bad. What's another one, a vac. How does the IBM doing grandpa's stock? It was IBM. Not good. It's holding that 1 26 level 1 24, but not yet. And yet it's not doing good.

Maybe it could, this could be one that gets on the meme stocks into here. And if it sits down here too, Yeah, there are some retail, the Jan Macy's and Maine and new high again. I mean, he's a monster dealer is, is a low floater. So that's sort of, uh, you know, the chat is pulling out the nostalgist stocks right now.

They like this one, like this such. Yeah. And Ron might actually, I don't know. I don't know this for sure. But Enron might actually still technically have a ticker. What others say? What is it in Ron stickers? It would be, it would be on like the gray market, which is like totally unregulated, like ghost shell companies that only exist on paper, wild, wild west trading that you can't even trade.

You can't even get a quote or buy them. Um, but these things that, um, when he tell us, I knew it was a, a hedge fund manager. I wrote a post a few years ago about, uh, he was, he was short leaning brothers and he didn't, he didn't cover his short for like eight years, like long after the takeover by Jay, I think it was JP Morgan.

Right. Or that may have embarrassed her. And I don't remember who, but w w Lehman went under and this guy was short for years and didn't cover for a years and wrote about like, I don't know why you just didn't wrote about like what a pain in the ass. It was for him to like, cover a short, like six years after the fact.

Uh, so you can have some of these things. You can still. Find, uh, a ticker though. They may not quote publicly or really even trade, but, but if you, you know, have certain tools at your disposal or institution, maybe can do that. But, um, Rite aid, uh, di wants no Rite aid. Yeah. Uh, to go on, I saw somebody mentioned a charge point earlier cause in tight Bri um, Microsoft does not count, unfortunately, because Microsoft is, uh, is own owns the cloud.

Right. So I wouldn't call that a payload. It's like a pharmacy play, I guess like the animal Piggly wiggly reference hacks, really appalling that one D going deep into Johnny's toys or you go in there turned into the, well for that one. Uh here's here's one. I don't, I don't know if I know, just throw it out there.

I did have a line that I guess I've drawn at some point when someone asks me about Rite aid at $15 and 8 cents. And it's literally like right there today. So I don't know. That's kind of weird. And I looked at the stock from overall. It's just been nothing but a bad investment. Um, but this thing was, uh, I mean, there must've been some crazy splits or something, but it was $200 stock.

And $900 at one point. What about she goes, this is when CHS let's pull that one up CHS from, let me just drop that on there from Brad. Got it. 5 99, 5 99 is less than a combo meal. McDonald's anything else I'm like, I'm looking at your CHS. What do they do? Chico's shoes, right? Excuse. Never heard of them.

Well, on this chart, it looks like your bottom and you've got, you've got a double bottom happening on a monthly chart. I mean, it just had a rarely, really old, uh, low all the way from 2013. I can't see. Cause my computer's in way, but let's see. And then bounced off. So, um,

it's, it's like my Footlocker play, I guess if it's a shoe company, I mean, I don't know much about them. I have to research you just, you just filled a huge gap. That was just a blood bath that happened to some people from $6 down to 4, 4 84. So anybody that was in the stock right here is really happy right now taking their profit off.

So you have a hard range to get through. You'd have to bust through that six 50 to try to get anywhere higher. So you have to come back to this old previous, double top here. I'd say that you're you're on your way to six 50 to try it out is what they're doing. Speaking of a grandpa company's Mattel. Yeah.

It's like another good one. I tried your way, this, uh, like a year ago and I got smacked. Um, this one, this one took me out. Uh, I definitely hit my stop loss on this one, but, um, yeah, it's nothing but gone down since then. Has it? Yeah, well, yeah, I think I was up here in the 22, 20 threes in this area and I was doing really well with it and then it just came right back and I got out probably with just a little bit of a loss there.

I like to, I like to set my, um, stuff, like once I'm in the prophet, like in this area here, I would say, okay, I'm just going to take my, put my stop at break even is usually where or a little above just to say, okay, I did, I still made a little bit, but, um, man, this one was coming back. 50% retracement. Look, there's your top.

Here's your bottom from that huge move down. It broke down from this tough to here. It came, it came back and broke out this range at the 19 you're at $21 hanging out there. People are getting excited for maybe a little Christmas run possibly, but I don't know. I, my kids, I have two, three and 11 or 12 and.

I don't think we have anything Mattel in our house at this point, you have nothing physical. It's all digital device. Yeah. Yeah. Um, learning devices. Yeah. I mean, that's where the crazy, the kids' toys, they either get broken, lost, or the dog eats them. So it's good. Plays a GI Joes anymore. Heck I didn't do that when I was okay.

That's not true. I did a, yeah. Every kid had to DEI Joe's in the backyard. Yeah. Can we look at a road? Can we look at Roku? I want you to talk to a broker because they report earnings tonight. They're in there, they're stuck in this, in this battle with Google, um, over, uh, over YouTube in terms of getting YouTube and YouTube TV on the Roku platform.

And I don't think it resolved yet. Uh, the bar is all feel low for them, uh, based on what Netflix said, based on what, what Comcast said and, and, and, and, and what, and what Disney said. Um, but, uh, wait, Disney, didn't actually wait to Disney report yet. I mean, I may have made that up GV, if that matters. I've got one too that I hardly use, but the bar is so low for Roku into this report.

It's stock's been so punished. What do you see here? I see you have. Big drop-off down to two 80 and two 60 is the big levels I see to the downside. If you're looking for an upside play, you might get back to three 20 with a, it's going to take a minute. But, uh, I mean this one, it just depends. If they blow it away somehow on earnings, then you've got, I mean, you've got a decent play here for anyone that's looking at a technical standpoint.

Um, I think, let me just put it, I always gotta put it on here and see if it fits. It was make it too big. There we go. So if I'm correct on the downside, you've got

this big move all the way down there. So you pull this up. Yeah. I mean, depends on what your, your risk, if you come down here and you, and you say, okay, I'm gonna really put on, you know, five to six point risk, then nine, nine points to the upside. Don't try to get all of that three 20, try to get yourself, you know, even, maybe even just the target of maybe an equal one-to-one, you know, um, dropped us down to 300 five-ish but this is scary to me.

This looks like it could come all the way back down to here. So that's how I see it. So if this is a short position, Definitely I'm show you that real fast. This is kind of where if I don't like it on a long, then looking at it, look at it as if you were wanting to short this and where would, what, what looks clearer?

What looks like it could happen more than the other. And to me, it looks like, at least come back and try to test this. And if it breaks down to the lower side, so you'd want to get in. Once it broke past this low, you wouldn't want to jump in right now. You'd want to wait for it to, I was pointed at the screen.

I was pulled a joke on it. Oh my goodness. All right, don't go there, man. I hope you're not watching this joke. Um, but now it's 3 0 8 to 303 for the, you know, that'd be your target for, for that one. So I look, I'm, I'm looking at this. I would rather just stay away from it and this is what I would, what I let the news come out.

Let's see what it does. TJ. TJ is, uh, is, is, is thinking a thought that we've all. At one point or another in our investing in trading wives, which is a Yankee bar, this dip. Yeah. And then it just tedious thinking that in, in, in ATV, I, man, I spent, I spent all of 20 17, 20 16, even part of 2018, uh, calling bottoms and stocks.

I called the bottom and UnderArmor wrong, GE, wrong. Kraft-Heinz wrong? Who else did I call the bottom? And then I was wrong and I'm sure there was a half dozen others. I, I was wrong. And basically all, I think one of them, I got, I got it. Right. But, uh, yeah, so I, I have an Activision trader, a lover video game guy, and this is, this is something I've already, this is a trade that you can see that I did back in.

Um, what is that like 2016. So this is literally started in 2016 as well, because this is how I can remember when I traded and we can go back and we're doing lessons and things like that. So I got in right here and then I, you have your line when you get out. And this is when you got out, right? This is when, when it broke through.

That's when we got out and I haven't looked back since to be honest, I have not. I just, I let, I let it go. And August of 2019, and it looks like, or sorry, um, February of 2019, um, there, like before that big tip, I think, so the reason why I did is because I felt like. Uh, my generation, the nineties, the eighties guys, we, we got married and were no longer allowed to play video games every day.

And we didn't buy the newest Madden anymore. We're not buying the newest call of duty anymore. We're waiting for a year for it to go by, or we're getting it for a birthday or Christmas for our kids so that we can play with it, play the game. So it's um, to me, it just seems like, especially with Facebook and metaverse and all this talk to me, I think that's another bad thing for Activision, unless they somehow get tied into that con that conversation.

But traditional gaming is going away. I think we're, we're looking for a more heightened experience and I was just, that's where it kind of where I'm going with it. And I think that, yeah, I hear ya. I hear you. I think, I think you're probably not wrong then. There's also the school of thought that, well, I mean, they still have huge franchises.

They still have call of duty. I mean, at one point, do you say enough is enough here? Um, you know, just talking about a stock that was a hundred dollars in February and we're now we're 65. Um, so always see if you, if you go back far enough, you look at Activision, it's very cyclical, right? It's in favor. It's out of favor.

It's in favor and out of favor. So, you know, we're a long ways away from those loads. Is where you wanted to get it, I guess is what they're saying. So 70 was the key. Now you're at the point where they've already, they've already made a bottom for you here. So this, this might be a good, um, a good call. If you let the dust settle for a day, I wouldn't go in buying today, but maybe, uh, end of day tomorrow, if you, if you guys can stomach the pain of waiting and maybe losing out on a point or two, um, but this could be something that maybe you just wait, you just wait for the dust to settle a little bit after today.

That was a big, that was a big drop today. So would you like one more here, one or two more? The chemo had Sava. There was a news short report out this morning on SAV from, or from, I don't know, quintessential capital. It just is the company with the Alzheimer's drug and the questionable data, um, around that.

And I have not heard an update about that data and who was out that I had Sava S a V a. I was all over the chat for awhile. I traded Saba a little bit. I think I, I traded this on, I like in a pre-market session and then it was out before nine 30, but, um, didn't this have like a split of some sort or something like that.

Oh, it wasn't a split is they, they came out with some data, uh, for their Alzheimer's drug that, and then the data got caught at the question. And then I was like, wait a minute. How good is your data? Really? They had a short report that came out. Oh, okay. There's more, there may have been at least one more.

Yeah. I thought that was one. And then that's when this happened, but, um, let's see.

40 to 50 is way down there. So you've got 51 59, 51 50 in this area right here is your, is your downside risk. And then your upside is whatever you think it might go from this last move from 62. So probably right here at 56 58, this might be a couple bucks you might get out of it. But short report wise, if you're in my opinion, you're looking to short this thing overnight, maybe in, and get a day to, um, reaction to this.

So, all right. Kind of the, um, the triple D play where he's like, you know, there's kind of just like we were saying before, maybe not by the first day, wait for it to settle for a day or two and then take your position. But this is the one, when you're on the downside, you get a bad report or you get some bad news, they get hit really fast.

And then you find out where they're going to get to consolidate where people feel safe, possibly shorting them again. That's, they're usually doing on a better port. Um, and then it takes some profit in the pre-market if they get a dip in the morning. All right, Jesse Kaler, uh, the link to his site is in the description and, uh, he joins us every Wednesday when we have normal programming to hang out.

The fed minutes.

hold on tight, hold on to each other. We're back to get some tapering. We think I'm not quite sure. Maybe, I don't know, $50 steaks at the local groceries. It could happen if we don't start tapering or if we do start, I don't even know. So we'll find that in a minute and change Jesse, a pleasure as always hang out, uh, CDC back on next week.

Right. See you guys. All right. Uh, all right. Uh, so I, I do want to wrap the show up cause I ordered the R R R a F T show is on next, the roadmap. I want to get to that. Cause those guys are on fire right now. Um, but maybe we'll just hang out until like 2 0 1 AB just to get like the new, just to, just to be here.

And I'm going to pull up a chart of the spy and I'm going to pull up a one minute chart while I do that. Can you get in your pro for a minute here? And let's just see what's what I'm trying to do. One better and try to find just a stream that we can pull up on the, on the show real quick. Yeah, you can do that.

Just go to YouTube. Search, uh, FMC or federal reserve. When are we tapering? We know interest rates are going to stay at zero. We, that's not what we care about. Um, the dot plot is interesting, right? The dot potty is just the fed governors expectations of when, uh, uh, when they could start raising rates. But, uh, um, let's see.

Let's watch that. Oh, oh, we're moving now. It's it's uh, the conference isn't until two 30. Well, that's the press conference, but, but the F the announcement should be out right now. Yes. The leave rates unchanged. We know this, but we know this. What do they say about the taper? What do they say about the taper?

Let's go quickly. Oh, here we go. I got someone streaming it streaming know that the stream right now is just go to a newsfeed. Boom. Here's the statement. Okay. I will bring this up on the screen. I know I do that. Stop share, share screen. I see us going on a testing. I'm. Hi. We are jumping around here. It looks like dude.

Come on. Don't do that. Take it off. Cause I often hear about it later. I'll have to hear about that later. Uh, okay. Here is the statement it's up on the screen, but a being.

And spies going up,

unchanged know, screw it. Control F Nope. That didn't work. No, it didn't work either. Uh, this is nothing. It didn't say. Ah, okay. I don't even know what that says. I didn't say anything about the taper, how we're doing on the charts. Was this by doing anything good? Yeah. Spy. It's spiked up a little bit. I'm seeing tapering starting November with monthly reductions of 15 billion prepared to adjust, taper pace as warrants.

Uh, I'm seeing 10 to, yeah. Okay. So yeah, they're cutting their treasury approaches by 10 billion a month or cutting their mortgage back security, uh, purchased by $5, $5 million per month. So yeah, there's that 15 billion hours. Okay. Tapering starting a November. Accelerating ane December. All right. We've been talking about this thing off fricking summer all spring all year.

It's nice to at least. Start, and then we'll go from there. So, all right. All right. The roadmap, our NFT show is live right now. That was fun. Thanks to all of our guests today. All like six of them. Yeah. We had a pack show Spencer, and if you haven't already please smash the, like, we're doing our best to bring you guys to this content free of charge.

Um, hanging out with us every day as we break down the latest in financial markets and any news that could be, you know, impacting your stocks really. So come hang out with us, smash the like, um, and yeah, without further ado, let's go ahead and get over to the roadmap. 

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

On the Benzinga Power Hour, Avis Budget stock CAR goes BLAST OFF!

Guests:

Lyron L. Bentovim President & CEO of The Glimpse Group https://www.theglimpsegroup.com/ (NASDAQ: VRAR)

Rahul Kushwah, COO of Predictmedix (OTCQB: PMEDF)

https://predictmedix.com/

Gordon Johnson Founder of GLJ Research

https://glj-research.com/

https://twitter.com/GordonJohnson19

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

https://marketstructureedge.com

Twitter: https://twitter.com/_timquast

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Episode Summary:

On the Benzinga Power Hour, Spencer Israel and Aaron Bry are talking this week's earnings and IPOs and more.

Guests:

Matt Hammond, IPO Warriors

https://www.Ipowarriors.com

Twitter: https://twitter.com/warrioripo

Jake Wujastyk, Co-Founder, TrendSpider

Twitter: https://twitter.com/Trendspider_J

https://www.trendspider.com

Check out Trendspider.com➡️ Enter promo code BZ25 to get 25%

Chris Capre, 2nd Skies Forex

https://twitter.com/2ndSkiesForex

https://2ndskiesforex.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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

HALLOWEEN $1,000 GIVEAWAYY TO OUR PRO USERS!

Not a Benzinga Pro user? No problem!

(No Credit Card Needed!!!)

https://benzinga.grsm.io/1000GIVEAWAY

Episode Summary:

On the Benzinga Power Hour, Spencer Israel and Aaron Bry are talking AAPL, AMZN, and more.

Guests:

Lior Tal, CEO Cyngn $CYN

Recruiter.com CEO Evan Sohn

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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

HALLOWEEN $1,000 GIVEAWAYY TO OUR PRO USERS!

Not a Benzinga Pro user? No problem!

(No Credit Card Needed!!!)

https://benzinga.grsm.io/1000GIVEAWAY

Episode Summary:

On the Benzinga Power Hour, Spencer Israel and Aaron Bry are talking AAPL, AMZN, and more.

Guests:

Ross Gerber, Co-Founder & CEO, Gerber Kawasaki

https://gerberkawasaki.com/

https://twitter.com/GerberKawasaki

Matt Hammond, IPO Warriors

https://www.Ipowarriors.com

Twitter: https://twitter.com/warrioripo

Rick Eiswirth CEO Alimera Sciences $ALIM

https://alimerasciences.com/

Jake Wujastyk, Co-Founder, TrendSpider

Twitter: https://twitter.com/Trendspider_J

https://www.trendspider.com

Check out Trendspider.com➡️ Enter promo code BZ25 to get 25%

Chris Capre, 2nd Skies Trading

https://2ndskiesforex.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

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy