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Episode Summary:

• $PHUN Phunware, $DWAC Stocks ripping
• Tesla all-time highs
• Snapchat $SNAP Drops 25%

Guests:

Shinobi Signals https://twitter.com/ShinobiSignals

Tim Quast, https://marketstructureedge.com/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

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Episode Summary:

On the Benzinga Power Hour, Spencer Israel and Aaron Bry are talking BBIG, NFLX, and more.

Guests:

Ted Farnsworth, Chairman and Co-Founder, Zash Media (BBIG) 8:00

https://investors.vincoventures.com/

Will Rhind, Founder and CEO of GraniteShares

https://twitter.com/graniteshares

Jesse Kaylor, Elite Trading

https://www.elitetradinglive.com

Brett Simba, Simba Stocks

https://simbastocks.io/

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

All right. So let's try to set the stage here for this BBI G thing. Uh, and, and let me do my best, my best to walk you through the timeline of the events of last night and this morning, and then when we get 10 on and he can clarify what exactly is gone down. So I'm going to share my, my Benzinga pro. There we go.

So, okay, well, let's start with last night. Uh, okay, so I've got, I mean, my Benzinga pro this is a news feed of press releases and sec filings. That's all. This is. And I searched for BVI G. So what did we have last night? We have three different aid Ks, right? Form eight, three different aid Ks last night, um, around, uh, at, uh, out between five 16 and 5:26 PM.

You, you all have seen these by now. The middle one is the one that says that the CEO, uh, as resigned, the CFO is resigned and several board members have, have resigned. That's what the eight K said. Um, that's kind of all that the eight K said, right? Um, there it is Chris Ferguson resignation as a CEO, um, bread bread, Roman resonation to CFO.

Um, and then we used to king was appointed. So new CEO, you know, this was out in the AK last night. Okay. Let me, that was at 5:16 PM. Let's go into the chart here. Let's pull up a chart of BBI G you can see the reaction right away to the filing, not to any media report. Not to any tweets or any articles to the filing immediate.

Okay. Right there. That's why the stock went down. Okay. Fast forward a little while. Uh, I'm going to go to a different newsfeed. Now. This is just a news feed of Benzinger pro headlines from our news desk. Um, five. This is the best part of it is being a pro is we have receipts for everything. 5:49 PM was our first headline on, on BBG 5:49 PM.

At that point, the stock had already actually bottomed had already bought them for the free for the after hours session. Right. And this is right there. We actually bought them ticket. That's pretty impressive. So, so we, we post about the, the eight K at 5 49. We post a little longer version of an article at 6 0 6.

Okay. Fast forward to this morning, 12 hours later, right? 6:18 AM. Let's go back to my press release theater is actually 6 15, 6, 15:00 AM, 12 hours after the filing 13 hours after the filing Mathis hard. And they, and they come out with this press release and they clarify what they provide more color on, on, on the Mo the, the news from yesterday, uh, what Chris is actually doing, what Brett's actually doing, what Lisa is actually doing, um, 13 hours after the fact.

And so can we pull up here's, let's go back to my. Let me zoom out. This is a one minute chart, by the way. Um, it really, wasn't a reaction to the press release this morning, but you, I, I guess if you zoom out and you, you, you can say the fact that zoom in here, the fact that we're trading higher today is in itself a reaction to the press release.

Um, but clearly the market is confused about this. A lot of you, people in the chat I've been following the story a lot more closely than I have. And then Aaron has, um, so you, you probably understood this better than, you know, the, the, the market, but if the press release this morning is saying that, you know, these are, these are planned resignations.

There's nothing really new here with them. The market did not know that the AK was not clear if that's the case, but in any case, we're going to get 10 on a few minutes to clarify, hopefully clarify what exactly happened here. Uh, cause this is confusing stuff. You've got three eight Ks plus a press release and they come out on different days.

Um, it's a little bit, a little bit confusing. So, so, so that's the story. Everyone was like shitting all over us last night as if we are the reason the stock was down. I was going to ask Spencer, I mean, say we live in an alternative universe where. Uh, you know, Benzinga doesn't exist. Benzinga pro doesn't exist.

These eight Ks still go out last night, correct. In case we're out last night, again, pull, I'll pull at the timestamp here. So the AKA's hit the tape. There's three of them, the first one at 5:16 PM. The second one, 20 seconds later. Right. Right here is where I'm at. So wait, go back to, so Tuesday, 5:16 PM, this eight K.

And that would hit any, you know, uh, w was there a PR that went out with that or no, no, no, no, no press release last night, just three sec filings three eight Ks with the sec. And, and they said different things, right. Uh, one of them talked about, you know, spinning off. One of them talked about th the, the news that actually matters.

I think though, again, I'm not quite clear, which is why we've only had Ted on the show today. Um, but it's confusing. You would think with news of this nature, that they would have also been in accompanying press release, or they would have clarified a lot of confusion in any case. Um, but you did see the stock react to the AKA's last night, quickly.

It was immediate, which means that, um, you know, it means what the chart shows. It means that the market thought that this was bad news. I don't actually know if it was hopefully technically. Got it. I'm just trying to, I'm trying to see the, the viewpoint that, um, all right. So Brent Slava and the Chad St.

Benzinga pro also reported timely when the press release was issued in the morning. Um, and like you said, spend something the stock's been trading up all day today up about 9% from where it opened. Um, so yeah, I mean, I'm excited to get Ted on, see, you know, his explanation for everything that went down.

Um, it, it sounds like maybe even just the market in general, wasn't aware that these resignations had been planned, correct. I mean, that's what you could imply from the chart. Right? Right. I guess my question for Ted, uh, if that really, if that's the case is this whole thing could have been avoided if they just clarify that in, in, in the, in the eight Ks that these were planned, but that's the point is they didn't say that in the eight K I can show it to you.

They didn't say anything. It just said there was more color this morning and the press release. Then there was in the three filings last night. So basically the way I'm seeing it, Spencer is, wait, do we still have here on my I'm sharing my Benzinga pro now. So we have the eight K come out. Um, you know, obviously the, the resignations, a lot of times not great sign for a company to stock trades off.

Then we put out a headline saying the stock is plummeting, which is just reporting on what has happened. Um, so, and like I said, I'm pretty sure we bought him ticket, which is actually impressive. Yeah. If you look at the time of that, What was that five for the post where we put the headline out after the AKA's was about 6 0 6 0 6 PM.

Okay. And then the, the, the bottom last night was made at, uh, I've lost my, it took my woman and turn off the screen, but it was made somewhere around there, which is, which is interesting in any case, right around like 5 45. Um, but yeah, I mean, look, this has been performing well today, like I said, up about 9%, um, from it's open, let me get a, even a shorter timeframe chart on here.

So yeah. I mean, let's Spencer. I see Ted hanging out. I think just get, I think enough of us blabbing. I agree. I see Ted backstage. Let's just, let's just get, get Ted Farnsworth on the show here.

There he is. Good. How are you doing today? I'm doing great. And I'm still hoarse from our dandelion festival up here. So my voice is a little hoarse, but I'm doing, we appreciate you taking time today. Uh, well, let's start with this. Can you clarify? The filings are out last night, you guys had asked a bunch of stuff.

Design CFO, resigned board members resigned. Was that all planned resignations. It's been playing for almost since we started this for months and months where it was a natural transition. So for instance, Chris Bergeson, the CEO now and Brett, the CFO, first of all, all the management staying intact. I mean, I literally been on the phone with Chris probably three or four times today, alone.

Um, just in really what he's doing is coming in the field to help us to grow the business on that side. And then Lisa King really being the new CEO is all about operations executing internally while we're up building the business. So this has been planned for months and months and months. Um, and Chris have been working together for quite some time during the whole process as well.

Okay. Um, there appears to be some, some confusion though, right? In, in the market, right. Uh, if you, the shorts love to do so many reports, the eight K and they'll start running with their own stories until we get our press release out and start to clarify the story. Go ahead. Right. So, so Mike, so the AKA's were out last night, the press release was out this morning, you know, 99 times out of a hundred, you see an AK and you see that the CEO and the CFO resigning, you don't even think you just, you react.

Right. So, right. So, um, you clarified the, that was our bad, but by the way, for it really should have gone out with the Presley's at the time, but we didn't have all the sign-offs on that. So the AK went out because of the time limits and knowing we're going to do it. We didn't think, you know, And in hindsight, you always look at that stuff, but the press release was already in the works already in legal for process and everything else.

And we're sitting there looking at it. They're not resigning at all. We're, we're taking the board from Vinco and moving them over to immersive, to a brand new startup. I think that's the best thing in the world for the shareholders, because you have a proven board, a proven CEO and a proven CFO, and then Brian being the one was with Vinco before who's now going to be the CEO of the new company everybody's intact, but you're surrounding Brian, the new CEO with the best possible board, the best CFO who they've been doing this for years together.

So our natural thing was to push that, to put them in the new subsidiary that we're spinning out, give it the best chance of success that it could have. And then, um, and everybody's still intact. And Chris will be out on the road with us, just building a business day to day. Just what we're doing. You know, I guess, I guess why not clarify that in the eight K last night?

Well, two things that's, it's a great question. I've had that a bunch of times the AK and the Presley's are two different things. Your AK is always very factual for all the sec filings the regulations, the timelines, factual. This is what it is. Is it a tender your resignation? It is because that's what it is.

And that's what the law calls it. However, it's really a handoff, any staying in the company, all of them. And we're just shifting the management around. And this has gone on this whole management plan has been planned now for several months of what to do, but you're right about that. Most people asset, and they don't realize they're two different things, the press release, but normally you would put your Presley's with the cat.

So when we put out the press release is really to clarify the bullet points of that. Chris is here on a three-year deal. You know, I mean, look what, when we came together months before that working with Chris and everybody at Vinco and we decided to come together with, with those guys, we've been, look what we built as a team.

Why would you break up the team? It's like, it's like having an NBA basketball team championship or a super bowl team. Why in the world would you break up that team? So the opposite, you know, it's almost like special teams. I can push them over here to make sure as we're pushing over here, the new company that we're spinning out, you absolutely.

We're all going to have shares in that. So you absolutely want to make sure that it has the best shot to go forward. And, um, so I'm thrilled with where it is. And Lisa King is an amazing executive. Um, you know, came up through Dick's sporting goods when they had three stores, et cetera, has her own book done, done incredibly well.

And I've worked with Lisa for probably the last four or five years on multiple projects. And really, it was really about her time to. To shine and to really show the world where she can go see, were you surprised then to see the reaction last night too clearly to the eight K, right? Oh yeah. Yeah. Because, but you know what, in all fairness, even like with nobody, like, like you guys like Benzinger or CNBC or whatever, you only see the facts of the AK.

So that's what you report last night right now. I know. Right, right. But, but what I'm saying is like, it's not anybody doing it maliciously. Now the shorts will run with it. They'll do their own thing and try to spin their own story and keep shorting the stock or whatever it is. And then everybody will feed into that or they won't.

But the one thing you gotta remember, like, as you know, you know, where like the Reddit crowd and all this stuff, these guys are way more sophisticated than people give them credit for. They understand what's going on. They know it's about the name change. Why change the name disaster? Well, yesterday Facebook announced that they're changing their name.

Plus I'm a check marks. We're CRISPR. Well, these like you're out, but he's going and where he's going. So to us, even with that, with the name change is to clarify the story. So there's no more like Vinco CVV this, that, or, and it's really to consolidate the story. All one company, all under one company, all the management and the boards are all intact and working side-by-side with each other.

And look, we got 62% of the vote of. Last week or whatever, whatever date it was was to do that. And then the other was pushing, cause I'm sure you guys are getting the same questions is as you're taking Krypton and you're pushing it down the road, which we don't like doing that. But we also to make sure it's a tax-free exchange.

And when the shareholders get those shares on that public company, they're free trading shares, you know? And so that dividend to them is really worth something. It's not a, you know, that, you're just not that you're just thinking about it and you're trying to do it. So it's a very well thought out pattern.

And definitely we have learned lessons along the way, just for the fact of growing, you know, so quick, so fast. Um, but besides that, it's, it's like I'm thrilled to have the management teams and everybody all going full speed ahead. We were all were a little shocked for the reaction of it. I mean, we knew there'd be some, some reaction, but shock Ted.

What's the, I guess like lesson learned here is it to put out, make sure the press release is ready to go out with these eight Ks or wait until the next morning to put out these eight Ks. I mean, I, that's a great question and I'll tell you, and this is on the record. I was talking to Lisa King last night.

I said, your lesson here is you never put out an eight K without a press release attached to it to explain it to clarify. And, uh, you know, it's just one of those things that happen, uh, going through the process of switching boards or whatever it was. And it was nobody in LA, Chris, everybody, they, they felt horrible.

And I said, guys, it's okay. It's like when we started out in this. Literally you had like a $20 million market cap. I don't know, you know, eight, nine months ago. It's like the market will figure out as we keep telling the story exactly what we're doing as we're acquiring companies and things like that, Ted, uh, the chat, all they really want to know about is the spinoff date, uh, for tides, speaking of aid, Ks, that was actually the first aid K last night that, that hit before the other ones where you announced that the new record date is going to be is changed to October 22nd.

Clarify the timeline for us here. It was look it's out there on the AK. And, uh, it was, um, whatever the date was on there, but the reason why it got pushed out was exactly what I said was with the lawyers and everybody else in here saying, look, you want to give, when you give this dividend, you want it to be a tax-free exchange for the shareholder as well as you want it to be free trading for the shareholder.

And, um, he's pulling up right now. I see, I love, so I hear he, he he's pulling me up. I'll just read it to you directly. Okay. Um, upon successful completion of the standalone audit, the company has based filing the form 10 K the week of October 25th with a record date of approximately 60 days post filing, which would be on or about December 27th, again, all in the AK guys, all right there.

Right? Right. And, and what people do is shorters, we'll grab that and just grab, oh, another delay, whatever, none of that. And it's, it's so methodical. Look, our law firms are Greenberg Traurig, and in VIN, CO's got their law firms and TLP. Great great people around us that sit here and give us advice on these things about how to do it.

And what's best for the shareholder. We don't always make the right decision. We never will. It's like, you're always gonna have like a mess up like this. But to your point, when I was talking to Lisa last night, I said, lesson, number one, you never put out an AK without a press release. And, uh, that was our bad on our side.

And look, we're moving a million miles a minute. Um, and uh, I knew the AK was going out. I wasn't really thinking about the press release. I thought it was going to be attached to it, but it's like, you'll see over the next few weeks, all the different things we got going on. I mean, we're a little busy.

Okay. So I, I, I hope that we're gonna be seeing some filings and press releases to go with them. Oh you, well, you absolutely will. And look, I love coming on your guys' show to clarify stuff and any time where, you know, there's confusion and then confusion, breeds confusion. So what I'm saying is when you see what's going on behind Zass, it's like you would never break up this team.

You you'd be crazy to break up this team. What we've built together as a team pinkos Ash and all of our companies together over the last several months is, you know, it's phenomenal in the pace that we're going at. And also the companies that we're acquiring and things is real like ad riser and, uh, you know, things like that.

LAMODA is doing phenomenal. You're going to see the. You know, refacing of the motives, some rebranding, all that stuff, uh, coming up here shortly. So in our numbers for revenue, as they had been, co-ed very small revenues over the years, you're going to see pretty significant growth going forward here in, on the revenue side, we're testing out all kinds of things on the ad platform could not be happier with ad riser where that's going.

I mean, that's just a machine in itself that really is like Google ad words and Facebook where that's going to drive revenue from LaMotta. But even on its own, it tries to look, you know, I'm just trying to clarify some stuff from the China. So let me read you all again directly, and then I'll ask Ted, uh, I'm going to read from the filing, the K the, the, the one about, uh, tide.

And it says the company anticipates filing the form 10 and the week of October 25th with a record date of 60 days from there. So you still don't have a referral date yet, right? Correct. No, we do. I mean, unless something comes up that we don't foresee, I mean, you, you never put like the exact date, just because if something happens, you know, God forbid one of us was in the hospital or something you don't know, but so you always have that language, but I'm telling you that we know what's under the clock.

And we also know we want to spin out to happen before the end of the year. So it's December 27. So it really, it, it really fits into all the things we're doing in look, forgive us. You know, maybe putting out the AK without the Presley saw that, but when you really look at what's going on with the company itself, that to me is the bigger story, the growth, everything that we're seeing being, you know, uh, the short form video that whole spaces has blown up.

The metaverse, all these things that were really on the forefront of, and you'll be seeing a lot of that stuff coming out. I said, I know last time we had you on, we talked a lot about, um, I might butcher the pronunciation here, but I think it's low motive, the motive, the motive, and like everybody here.

It's funny, everybody here in Paul, in Singapore, by the way, the whole Singapore team was here a couple of weeks ago, we had a whole executive summit here in Syracuse at the studio when we kicked off the dandelion music concert and all that, which was phenomenal, it turned out great. And we're putting that on the road.

Cause it's all about content guys. Like we live at millions of streamers on that and they were, you know, sit there and edit it and all that. But it's the motive when everybody calls it Lomo. So you'll be seeing stop where, you know, we've already trademarked Lomo and stuff like that. You'll be starting to see here, things coming up over the next, you know, even a couple of weeks, maybe in the next few days, you know, where we're doing different branding initiatives with other companies out there and some exciting things.

So, um, but talking about locomotive, Lomo, you know, um, Go ahead. Lobo. That's a little easier for me, for me to say , but I think last time it was, uh, there was a certain, uh, you know, percentage or steak that y'all held. And I was curious if, you know, you've thought about like fully at acquiring or what the status is there.

Look, we have it out there that our intention is to fully acquire it in. Um, and we have that right to do that. So the bottom line is that that is when they were all here, everybody from Singapore, and they're still here in the states, they're in California and be, you know, traveling around the states, doing different things with different groups with us, but absolutely, um, th the whole intention is to own a hundred percent of it.

And we couldn't be happier with that whole team. And then adding our other technology teams together and putting them together, Ted Ted, before we hop off here, uh, Chad, all they really care about, I guess, aside from the record date here on the spinoff, is this ratio. Can you share that ratio with us of the spinoff or not, or not yet for tide?

You know what I, I thought the ratio is in the K so I better not, you didn't see it, but it's very good for the shareholders. We'll leave it at that. What about ballpark? I didn't see the name. I'm looking for. The I'm looking at the you're giving me heat for the AK. Now you want me to say something? That's not okay.

Come on. I don't shoot the messenger. They're about to kill us. Listen, I'll tell you. I'll tell you this, you know, when, when you're a shareholder of both sides, I mean, you're fighting for the shareholder, right? So let's, let's leave it at that. I mean, and uh, I thought it was in there last night, or I thought it was in one of the filings a bit ago, but I'll take a look and then I'll come back on and tell you if it's not, how about that?

We'll put a press release out with that. It can be exactly,

uh, with our audience and stuff like that. We have tens of thousands of shareholders. I mean, it's way even more than that, but, and the whole crowd out there. So we really appreciate your support and letting us clarify things coming on and chatting about it. Ted, Ted Farnsworth. Thanks a lot for coming and for coming on today.

I appreciate it. Thanks. Thanks. Talk to you later. All right. Just to clarify one thing, everyone, the record date, this is how it goes for M and a for spinoffs for dividends. The record date is the date that the company is going to take stock of all their shareholders, right? They're going to basically go look at all the lists of, okay, who owns shares in our company.

Those people are going to get the spinoff, right? If you, if you, so Ted, you said December 27th, that's what, that's what you just said that day. It was also in the final and it wasn't as firm, but that's what he said just now. So December 27th is gonna be your deadline. If you want the spinoff to get to, you have to own BBI BBG on December 27th.

That's that's the record. That's the day where they're going to like take stock of all of their shareholders and. Go from there. That's what Ted said. The, the eight K said, uh, they, it was less from the AK actually said they anticipate filing the 10, the 10 K the week of, uh, October 25th, the anticipate filing that week and then 60 days from there, which will be the 27th of December.

So everyone sit tight. It all will come. The clock doesn't start until we get the 10 K. Okay. When we got the 10 K the clock will start until then no clock. So Spencer, I got, I got Corey in the chat. He or she is saying, Spencer, what does this all mean? I'm a newbie. Let's do a quick 62nd, ER, Eli fi uh, about what this whole thing.

Okay. When a man loves a woman, I have no idea what this whole thing, uh, PBIG is going is, is spinning off another company. Um, okay. They're spinning off tide. They're doing all their stuff too. This is just one part of that one piece of the puzzle and what is tied, who cares? Okay. Okay. That's not the point.

The point is just spinning off tide. Okay. That spinoff hasn't happened yet. They have to let their shareholders know when it does happen. They're going to let the shareholders know in their 10 K in their quarterly filing, which hasn't happened. From there 60 days from whenever that filing is, is going to be the date where you at your deadline to own the stock.

If you want to spinoff, that's the bottom line here. I'm not going to pretend I'm not, I'm not going to sit here. Pretend that I'm an expert in BBI G I don't think I'm acting like one, but I do understand like, like the timeline process. And I, I understand why people were upset with the way, uh, you know, things, the information came out last night, but as Ted said, you know, that was a plain and simple mistake on the company's part to not have a press release out, explaining this eight K that, Hey, look, all these rights, the nations are planned part of this spinoff.

Um, you know, cause if you just see that information, come out with no explanation with no color and you see all these guys are designing, of course the markets are going to react like that. And that has nothing to do with how we reported it or anything else. So, I mean, I, you know, it's a interesting section, I think understand the type of people that are trading after hours.

Right. They see that it's it's people and it's also bots, right? It's also algos. They see a head, they see, uh, an eight K and for the record form 10 equals a 10 K it's the same thing for me equals eight K. It's the same thing you see, you see an eight K see you on the CFR out. You don't, you don't think you, you don't even care.

You don't even, you just, you sell. That's how, that's, how these things always work. Okay. In this case, there's obviously a little bit more to the story. You had to, you had to either know the story or wait 13 hours to get the story. Um, so that, that's why the stock reacted the way it did last night. Uh, I, I'm just curious in the chat like, and we have our next guests here.

We have to bring them on into this in a second. I see him waiting, but like, I, don't almost afraid to ask this question, but like what percentage of your portfolios is BBI? G I, I really just am genuinely curious. I'm not trying to shame. I'm not judging. I'm just genuinely curious. What percentage of y'all's investments is BBG?

Is that like, are we talking like 90%? We're talking like 10%. Thank you. Pencil. Get crypto. That's very helpful. Whoever's whoever's posting, flipping. Think of crypto low Giddings in Logan's in like psychology 1000 right now in Ann Arbor posts. Thank you, Logan. That's extremely helpful. 50 15, 0 hundred, a hundred seventy five forty.

Seen a couple of 69. That's very helpful. Um, five 70 trading options only didn't even know this was stock was optionable. Okay. Uh, 1%. 5%. Okay. I'm just, I'm just curious. I just want to get an idea. All right. Uh, so I hope you guys enjoyed that. I, I hope we have more clear. I think we have more clarity. The bottom line is wait for the, the, the damn quarterly filing.

Wait for the wait for the. The week of the 25th. So that's next week, right? Yeah. I don't know. What's today, the 20, the 20th. So, so yeah, next week we'll get their quarterly filing. Presumably there'll be more color in that, presumably that will, that will determine the record date. And then we just go from there.

So I don't know what the stock is doing. I haven't looked in since Ted came on. What is it doing here? It's down. Yeah, guys. Sorry. There's there's mutual fund market players out there. Sorry. Yeah. Blame the market makers, not special. Like, you know, we get Ted Farnsworth on the show, uh, you know, to, to give this explanation, you will not find this anywhere else on YouTube.

You know, you can go tune in to other places, CNBC, but you won't get this transparency. And at the end of the

you're breaking up, uh, it's not our job to make sure your stock goes up. Okay. Sorry. I mean, I don't know what else to say about that, but, uh, we, we, we, we got, uh, our, our, our, our next guest is here just like laughing in the background about this. So we should probably bring him on here. Uh, we're going to transition away from the BBI G talks.

So if that's why you're here. Great. You just got to have 38 minutes of it. And now we're going to move on with the rest of our. All right. So our next guest is, will rind. Yeah. Smash that like button we've got, will Ryan here, the founder and CEO of granted shares. We're going to talk, uh, inflation and commodities here with will.

So, uh, w w let's get well on here. Well, oh, sorry about that. That was my fault. Well, what's up, man? How are we doing great. We're doing great. We're doing great. Our chat hates us right now, but like, it is what it is. How's your day going? Doing good. Doing good. Thank you. Okay. Um, well, uh, you see your granite chairs.

You guys have a couple, uh, commodity focus ETFs. Um, I guess let's just start beyond that here. Um, inflation is a thing is a transitory. I don't know. You don't know? No one seems to really know. Um, but what are you seeing right now with, with your different ETFs and the various commodities? Cause theoretically, a lot of commodities are seen as inflation hedges, whether that actually happens is of course a different story.

Yeah, no, absolutely. I mean, I think the key question, like you said, there's inflation. Um, that's something that, you know, let's be honest, we haven't seen for the multiple decades. Uh, and so this is all a new thing for people. Um, seeing the crisis rising kind of in front of them, whether it's the gas pumps, whether it's the grocery stores or whether it's, you know, rants or used cars.

I mean, this is all kind of new stuff. And obviously in the investing side, people are asking themselves, well, I know inflation is a bad thing, right. But how do I, how do I play that? How do I make sure my portfolio is positioned? Well, make sure that I can make some money out of this. And so commodities or real assets has always been kind of one of those places that people go to.

Why? Because a lot of the things that are rising in price, the reason why, um, we have inflation is because commodities themselves are rising. So price of oil is rising, which affects your gas prices at the pump. Price of raw materials are rising, which affects a lot of the goods that we buy. Um, and so for that reason, you know, you have energy and food, which in the commodity complex, those arising.

And one way to get ahead of that is actually to invest in those yourself. Okay. Let's talk about oil here for a second because, uh, oil can't seem to stop going up. Uh, I guess it's the, uh, one of the elephants in the room here. Um, I, whenever I see oil rising, I'm inclined to, to sell it and not think it'll keep going higher, but I even proven wrong this entire time here.

So oil is at $83 right now. Um, w just, what is your take on what's going on? Well, what's going on, Spencer is that, um, you know, part of this is we do have obviously huge amount of demand, uh, global economies opening up. And so there is a, there is a large amount of demand and the right now we have more demand than supply.

And so, yes, we could put more supply. We could see more supply coming on the market from OPEC or the OPEC plus group, but I don't think that's going to matter at this stage. What really matters is people almost expecting there to be higher prices with going into winter at the moment. There's a huge energy crisis going on in Europe, which you may have seen, they've have talked about on the show.

Um, but gas prices, um, in a lot of Europe are the equivalent of over $150 a barrel oil. And so people are sort of worrying that that might happen. That could happen here this time, around your other traditional kind of methods of putting more supply onto the market, such as shale, et cetera, it'd be much more disciplined because a lot of activists, shareholders and things have gotten involved and said, well, look, you got to focus on, uh, you know, rewarding shareholders as opposed to just pumping more.

And so from that perspective, you know, we're in this situation where the market's pretty tight prices are going up. I don't really see the reason or the capitalist, the prices to go down and sure. Are you going to enough to throw on a target for us or now I, I, I don't know. I mean, I, I think that, you know, we could see over a hundred dollars a barrel, certainly in the next six months.

Um, it's definitely not implausible given what's happened in Europe, really just crazy. Uh, what's coming out of the UK and what's going out of the European countries in terms of the gas crisis. Um, so I think, you know, coming into this, the big, there's another sort of El Nino effect. Um, this winter's already, we're starting to hear about colder winter than normal.

Um, so in this environment, I don't think a hundred a barrel is, is, is out of this world. Okay. What about gold here? You've got this bar ETF, right? The Greenwich has gold trust. Why hasn't gold gone up? Explain to me, I always was told gold is an inflation hedge. Gordon's an inflation hedge. Why is that not working right now?

Where we actually have inflation? That is a great question. I hope you can answer it. I I'll try. I'll try. I'll certainly give you my take on, on what's going on. And what I think is happening is that the market, and this is the important thing you and I know there's inflation. But that's not what the market effects.

The market's still things that inflation is transitory. And that is by and large, the narrative that comes out of the federal reserve. And I think at the moment you still have the market cleans this idea that inflation is a short-term phenomenon. So the administration saying this is lot of a lot as well, and that it's nothing to worry about.

It will all pass quickly. And we'll sort of be back to our normal kind of trajectory now because of this gold prices, aren't reacting in that way because the market participants in the market more broadly, there doesn't think that inflation is a problem. But I think the moment that there's an acknowledgement by the market, that inflation is a problem.

Then I think we see gold prices significantly north of here. But until that point, you have this scenario where the dollars being strong, you have inflation transitory narrative, and that has suppressed the price of gold for the moment. That's as good a theory as I guess you can throw out there right now, but I guess everyone is sort of scratching their heads.

So in theory, based on what you just said, if the February. Well, they already have come out actually to some extent and said that, yeah, inflation is a bit stickier than we thought it would be right off the bat. Um, but if they were to come out and reiterate that in theory, then you think gold should go higher.

Well, then so expensive because you know, that inflation is not great for the market mean let's be honest. I mean, you can't really have a situation where the one hand pick market acknowledges that inflation is a problem, but yet we have stock markets all time highs because as we know right now, we're still at a situation where the earnings, at least what we've seen so far earnings have been really strong.

So that means that companies are able to pass on inflation effects to customers where relevant or adapt to this particular environment, still posts, great earnings. Now that all ends when they can't do that. And that's why inflation at the end of the day is a really bad thing for markets more broadly.

But we're just not there yet. What about this idea that everyone who would have bought called has, would you just much rather just buy Bitcoin? Right. Um, I definitely think that there's some of that going on. Um, but I think you're kind of traditional gold investors, um, are still sort of resolutely pinned to the idea that, you know, go with the, something different, a different investment.

They'll still be kind of in the gold camp. That doesn't mean to say that they, they have not, or would not buy some Bitcoin as well, but yeah, That's largely Bitcoin's largest sort of a new or investment crowd that is in that. And that I think based upon my experience of the two counts, that's a different investor.

Um, you, you you're, you're the CEO of an ETF company. So I guess I just want to ask you real quick about that Bitcoin futures ETF, right? What do you make of the opening? It, that it was almost a billion dollars in volume yesterday took in half a billion in inflows and one day it seems like it's tracking the NAF.

Pretty good. So, uh, what's your take on all this? Well, it was nothing short of phenomenal. Um, I think that, you know, I, I, to be honest with you, I was surprised, and I did think that there would be a lot of demand, but I've thought that might be used a little bit because the price, I mean, yesterday's price and they could open up around $62,000 a Bitcoin.

Um, so I thought, okay, if it was 30,000, you know, could be significantly higher, but you know, who's sort of jumping in and buying the coin that aggressively at that price, but it seemed like there was absolutely no lack of demand. Um, and obviously crazily, uh, opening yesterday, huge amounts of volume happening again today.

So I think again, to me shows the strength and the power of the ETF wrapper that that's the weapon of choice for investors and that, you know, there's still, there's still some lack of trust with some of these other venues, a lot of platforms in terms of buying crypto, nobody wants to be having. Um, when they're holding an investment on a platform and so ETF, at least you can say a number of different things, but you know, you're not going to lose your money because of someone hacking you by buying the today.

Yeah. It seems like yesterday was a gigantic victory for like ETF people, right? People like you, because it just showed that the ETF can, it can handle the volume and it can, it can, it can trade with a tight spread. It can be liquid, it can track the, you know, the nav net asset value and, and it can do it.

You can do a well, even in a environment like yesterday where there was a ton of demand. So I think it just, uh, just a big victory probably for, yeah. I think it's in many ways, it's the greatest expression. I think of what an ETF is, which is gives market access to markets that are either difficult or there's some sort of issue that prevents it being kind of ubiquitous or available to everybody.

And so when you look back at the history of ETF, some of the greatest kind of products have been where the ETF has unlocked a market that has caused problems. So if you look at gold, which is a good one, you know, back in 2004, um, different other asset classes as well. I think that's the, that's really like the power of what an ETF does is just puts whatever that investment is or that asset class is in your portfolio in a way that was not available before.

Yep. Yeah. Great point. We'll Ryan is the CEO of granted shares. Well, uh, thanks, uh, bond for coming on today. And hanging out with us for a few minutes. We appreciate the pleasure. Thanks so much. All right. Uh, let's get a be back here in a second. Uh, okay. So just to put a ball, I think, put a bow on, on the BBG discussion.

Um, I guess here's what I'll say about, about Benzinga and how we fit into that. Um, our headline last night was reflective of the eight K. Okay. Should we have known that the, uh, oh, what's up, man? Uh, should, should we have known that the departures were planned potentially? I mean, it's, I like the, it sounded like the shareholders held a vote on that.

So I don't know if that becomes public info at that point. Um, there was probably a filing at some point that the shareholders were holding it. I would say just from a practicality standpoint, it is basically impossible for our news desk of 20 people to know the details of every single stock out there.

Right. It's just not realistic. And, and that's not just for us. It's true for everyone because you saw, I saw headlines last night on MarketWatch and seeking alpha, and they all said the exact same thing that the eight K did, which was resignations. They did not say what the AK didn't say, which was that these were voted on, they're moving to a different company.

So I think, I think the takeaway here, yes, I love Stonebridge rewind. The stream, like 50 minutes, 40 minutes. Right. Um, the takeaway here is that company could have been clear, um, and media sometimes right. Needs to take a second and, you know, try to understand the story. But, uh, you know, I, but, but the, the whole thing was kind of, uh, uh, communication cluster.

Um, it's not everyday. You see this, that kind of finding come out with no pressure waste attached. Um, Flos asked me why BBG is down today or down since the interview. I mean, I don't know. I'm here talking to you. I'm not trying to pump, I don't own, we don't own this. We don't own it. We don't, we're not short it, no one here owns GBIG or a short PBIG.

We have no dog in this fight. Only thing I genuinely care about is being right. Like accurate with information. That's what I genuinely care about. Okay. Accuracy. I think we have a better picture now from the interview with Ted. Yeah. So, so rage quitter is saying, you know, I'll bring it up on the screen.

Right. We left out the whole left out the whole story though. Only report one part. We reported the part that everybody else saw, which was the part that was in the. This is a really complicated company. There's like, there's spinoffs, there's like mergers. There's, there's like four companies that play here.

It's really confusing for the average person who is not spending his or her entire time understanding Vinco ventures. Right? Yeah. I mean, that's the thing, Spencer, if we had people on our news desk that were shareholders of vanco ventures, maybe they would have known that this vote was held, but, but the bottom line is, is we don't, we cover all, however many thousands of publicly traded companies there are out there.

Um, so it's it's yeah. I mean, it is what it is. It sounds like Ted Ted understood, uh, the fault of the company, um, for not having that press release, go out with the eight K and I think that alone clears up all this confusion. Um, and like you said, is it possible that, you know, someone could have known that, Hey, look, this was voted on in the past, this is, um, you know, a hundred percent.

So, you know, I, I think it's one of those things you live in your learning and hopefully the company learns from it as well. Um, Patrick star and the chat AB how your calls going? Yeah. Tell us please. Yeah, I pulled up my Robin hood earlier. They're doing well. The problem is I kind of screwed myself and I made a not dumb decision by opening some calls this morning that I can not close today.

Well, I can close them, but if I do that, I'm going to be restricted. So, um, I sold, let's see. Go to my messages. So I sold my Baba calls this morning, Spencer. I opened a Roku one, wait, wait, wait, wait, don't tie me into this. This is you. This is all, you know, Spencer. That was your co that backed me up here.

Shelly. I may have suggested it, but okay. I may fine. Fine. Uh, okay. Um, I bought the call for three. Wait, what? Okay. 3 83 per contract. Uh, sold it for three, seven days. So took a $13 loss, but we'll live with that. Made some money on the Baba calls today. That's why I was up about $725. Then I was up a few more hundred dollars on this Tesla call and I went to, went to close it.

Couldn't close it because if I do, I'm going to be restricted. So now I'm basically stuck holding this Tesla call into tomorrow, which I don't love, not happy about it, but learn from the mistakes. Uh, I want to show up, show us something real fast. Um, someone asked why, why you wouldn't contact the company, um, before posting.

So this has been single pro. This is our real-time news platform. It's behind the paywall. You have to pay for it, yada, yada yada. Okay. This is a newsfeed within the platform. This is just a newsfeed of headlines that we post look how many headlines we post. It is constant. And if you know anything about in the markets, you know, that all the news happens before the market opens and after the market closes.

Okay. So I'm scrolling down here to last night because I just wanted to show you all. I still haven't gotten there yet. I'm trying to get to last night still. Haven't got, I want to show you all the frequency I'll here. I'm there. Okay. So we're at four. This is okay. 4:00 PM Eastern. That's where we are right now in the newsfeed.

Look how many headlines we're posting after hours. Okay. It is the reason we have sec filings is to communicate this stuff to the public, right? We cannot be calling every single company to verify every single fact in every single AK or sec filing. We can't, it's not feasible. That's not how the stock market news ecosystem works, frankly.

Right? You call the company when, uh, the, you know, there's a major unknown, and you're trying to figure out why, right? Or there's another report out there. And you want to, you want them to confirm or deny on the record. You do not call them about stuff. That's in the aid. K, because they're, if they'll just say, Hey, Hey, dummy, look at the damn filing.

And they hang up the phone on you. That's what a company would do if we call them, Hey, excuse me, is, is, is the information in your filing, right? Oh, I'm not going to call a company and be like that. So. I just want to, I, I I'm, I'm gonna, I'm moving on here, but I thought it was a genuinely good question, right?

Like, why don't we call the company because it's not feasible for anyone to do that. That's why, that's why, that's why we have to see filings in the first place. Right. Um, and again, I'll move on. I'm done. The stock was down before he posted it. I'm I'm, I'm done. I mean, I, I we've talked about this for like an hour at this point.

So, um, so I hope, I hope we helped if you own the stock. Good luck genuinely. I'm not being like an asshole, like good luck. You know, you know, we have, Aaron has longs. I have, I own stocks. He, we all own different things, you know, in my case, most of the ETFs, our next guest has long positions. I hope everybody makes money.

That's I hope everybody makes money on everything. Life is better that way, but. You know, there's two sides to every market, right? You got bowls and berries and that's what makes the market work. So, anyway, moving on, let's get, uh, Jessie, people talking about a lawsuit. They can, they can Sue if they want, they're not going to get anywhere, but they can do it.

I mean, whatever helps you sleep at night when it lawsuit against PBIG against, I don't know, man, dude, do whatever. I mean, look, you know, what's funny is that we actually regained more than half of those losses from overnight. Like what, wait, what did we close out of the closed at 7 85? We oh, and we got down to, you know, the made $5 and we're now we're clearly in the sixties.

We're like halfway back. So I don't know if I was long, the stock, I would be less upset now than I was last night. Zuckerberg don't come at me with, with that right now. You no, no, no, no, no. AB you don't learn. We tell you not to buy call options. Okay. But mark is changing the name of his whole company because of bad publicity.

I'm not in that big of a piece. I mean, I bought some, I bought some options that I shouldn't have bought. That's the bottom line. I don't have to change the name of my whole company because of bad press. So Martin, I told you, I was worried about your own problems before you come at me. What are your months ago to stop buying call options.

You're like, oh, okay. And then you, yeah, I'm up like damn up this week on call options. All right. Whatever. Uh, our next guest is here, Jessica Kaylor. We're going to, uh, let him run through some shots with us for a few minutes. So we're going to hang out. If you have a ticket that you want to discuss, that's not BBG.

You preferably drop it on the chat. You know, we'll talk about it. RS is dropping. Wishing. There we can talk. My wish. Let's bring Jesse on now, Jesse. Hey man, you're on, he's on mute. Let's get him off of you though. For a second. There we go. Jesse, unmute yourself.

I on the, on the bottom of the screen there, you see that. I think it's not it's on you. I can't, I can't do it.

You have to unmute yourself on the bottom of the screen. There's that? Mute the microphone button on the bottom left. Yes. No. Okay. Well, while he's doing that, I still say, oh, now he's gone. Okay. Look at you. I see you back here in a second. In the meantime, uh, wanted to, uh, talk about Tesla for just a sec there.

Port earnings tonight. Uh, let's take a look at the stock. This is the part where I disclosed that I have a long Tesla call. Would that expires? When is Friday? Whoa, wait, you didn't buy that yesterday. Did you know? I bought it today. That's the one that I was complaining that I can't close. Like I was up a couple of hundred bucks on it.

Couldn't close it. Now I'm down in one 40. We got Jessie back. Sorry about that guys. Um, yeah, so I like lost the stream yard so I could not find it to get back to it. So I'm going to pull up my charts again and start sharing my screen. But how are we doing today? We don't know what we're doing. We're doing, I mean, it is, it's, it's a green to, I'm going to go to me because it's a green day, right?

I mean, the SNPs are in the green and the NASDAQ. Cause I guess this image on the right, but the, you know, the Russell's green, how many green sectors do we have as opposed to red sector as let's take a look here, we've got, looks like. Come on computer. Why don't you work for me? Every sector in the, in the greening Sephora technology.

So I'm in a good mood. Markets are up. Yeah, I think I'm feeling good. I mean, I'm, I'm really happy because I had some weird plays. I think you see it in the chat with some of the guys James and, um, easy we in the morning, pre-market we've been talking about the EDU plays and kind of go with the China over.

Oh, you talking about that? I saw you talking about someone mentioned EDU, I guess it was you. Yeah, I don't trade a lot of small dollar, $50 eighties, but I mean, it was just sitting there at a dollar 80 and one day he was in there talking about the education and I was like, let's go in here and let's see what what's going on here.

I was like, I'm just going to throw a thousand shares at it, just to see. And then it went to like 2 45. I'm like, how'd it half. And then today it was up like the 2 55 got out another two 50 and I'm like, I'm just gonna let the other two 50 play around and just see if it goes to $4 again. Cause this thing actually, you know, has been, um, performing, you know, pull up the real fast.

But before, before I forget, I just want to plug something. Um, we're doing something that we don't normally do on our channel right now. We're actually doing two streams at the same time. Uh, our cannabis crew, our cannabis team, the crew that hosts our cannabis, our show, uh, their live in Vegas. They're alive in Vegas at MJ biz con uh, streaming live from the conference.

Uh, if you're into cannabis and cannabis stocks, youtube.com/ I'll put the link in chat right now. Um, youtube.com/benzinga, but they're alive right now. So it's very rare for us to have two streams going at the same time. Um, I'm going to paste it in chat, but I just wanted to plug that. So let's get your charts back up on the screen.

So we got EDU new Oriental education. This is a Chinese education stock that got rocked a few months ago. And you are now long, is that right? Well, it was a trade. It was more of a, I saw that they were consolidating down here in the eighties. And then I was like, you know what, I'm just going to take a flyer out.

It was a tight stop loss, you know, like 30 cents, 20 cents. And then it just, every day I was doing well on it. We were kind of just getting excited, watching it go. And then it just broke out the last two days, in my opinion, um, you know, 30, 40 cents on a $2 stock is great. So a dollar stocks, um, but the one that I liked that I actually put in, I, I didn't buy much today, but I did buy some Footlocker and I don't think anyone's been talking about this.

I think it's kind of just a sleepy, uh, took a $20 smack from that, the other and the sixties. And for me, it, it just seems like with the earnings and it's more of a, I guess, Bias position. Cause my, my family member is a very big collector of shoes and he kind of gave me some shoe insider information and he's like, man, Nike, he's like, I'm charging double for what I bought six months ago because the supply and demand is just so, um, it's so great right now for these specific types of shoes.

And I think that going online, um, it has been a lot easier for people to find these shoes. They're actually being able to buy them because they're not having to drive to the store, go into the Footlocker, actually hope that the shoes on the shelf and their size, they can get online, they can buy them, they can get them quicker and have access to them.

And I see that they've made their website and ordering process a lot easier. So it's kind of just one of those things where I like where they're at now. I know they're kind of on a downturn at this moment. I'd be crying, kind of calling a call on a 50% retracement from that previous move. If you look where they went from thirties to sixties, now we're getting in the forties 48, 45 in that range is kind of coming back down here.

I think it's just going to be a good, a good time to enter here. And I, and I'm, I'm tight stop loss. Um, I put it right here at this lower channel, 46, uh, 25 is on my radar. So if it, if it alerts me and it gets down there and starts to fail there that I'm going to be out right here. So looking for 50, $52, I, I appreciate the technical aspect of it.

Cause I have a hard time, you know, divorcing chart from the narrative and the narrative would be like. I'd be terrified of like supply chain problems. So, yeah. And, and I, and I get that. I get that, but I feel like it hasn't, I think that's going to be next quarter. I think that we're not hitting we're right there.

I think there's going to be a, um, I know that you guys have been talking about it on a pre-market prep. I know that I'm feeling it when it comes to like inflation supply issues. When I go to the grocery store, I have young children, I have a lot of needs, different things that you're used to buying brands, things of that nature.

And they're just not there. You know, there are certain things and I laughed at my wife. I said, you know what? I figured out that things were going bad is that they didn't have chocolate chip waffles. They had every other waffle in the, in the place. But that one, and I'm like, you know, it made me just as a joke.

I, you know, jokingly, I told her, I said, what else is missing? You know, from the aisle, like, what's, what's going on? Like, what are you looking at? How many that you're not that I don't know, like feminine products that I may not be purchasing. So I've been researching them, um, as well. And, you know, looking into, you know, who's going to be hurt by this.

Is it like shaving companies, uh, you know, razors, things like that, where people are, um, are they going to be going out and stocking up on these? So is it the opposite? You know, they're going to be a run-up and, um, bodily, uh, toiletries, you know, I think that there's going to be a big thing in toiletries that people are gonna be stuck, not just the food is like, everyone's worried about food and be.

Well, we're all gonna be bearded men. Who was it? Who was it? Was it, um, oh shoot. I saw of headline go by to this morning. Was it Nestle? No, it wasn't Nestle. It's Tom, some big international, um, food slash consumer staple conglomerate. I have normally I don't remember who it was. I apologize said that they're not seeing consumers stockpiling.

They're not observing that, but I don't remember who sent it though. Shoot, really? Uh, I may have a Nestle. Hold on. Um, uh, I don't, I don't remember who said it. I I'm sorry. No, um, I'm gonna hold it against you. Yeah. I don't know. You mentioned LVS this morning. That was on your radar. Yeah. In earnings tonight.

What do you think? Um, what do you think here? Are you long? Are you, what are you saying is going to happen? So LVS is entirely a Macau play, right? You're you're not nothing to do with Las Vegas, nothing near or Las Vegas, right? It says Las Vegas in the name. No Las Vegas. When the company sold their Vegas, they're all in the, um, so that's all that matters.

My understanding. Is so, um, we, uh, I listened to a podcast with someone who has lived in Macau for 20 years. Um, and if you, if you've been following the story a couple of months ago, the Chinese government basically came out and said, Hey, we, we, we think we want to like exert more control over all the casinos in Macau.

And every casino stock, like took a shit on that. Right. Almost was like a Sans. When you see in the chart, um, what this guy from who's lived in Macau said was he, wasn't totally surprised by it. And I think people's worst fears were that, oh, like, they're just gonna like kneecap the, these casinos. Right. And he, this guy, he was like, basically not, we don't see that being the case.

Um, I don't know where Macau stands as far as reopening goes. And like, Qur'an, COVID, I have absolutely no idea if they're better or worse than we are in the U S I know they're much more prone to go into lockdown, but I don't, I don't know where they stand right now. Um, so it seems like the, look, the initial move back, the chart look all ugly, but it, I guess, I, I don't know enough about it to like, want to like stick my neck out and say, oh, it won't be, it won't be, uh, you know, I buy the casinos here.

I won't buy them here, but similar to Alibaba ways, this is still the LVS chart. So similar to Alibaba where like, you could look at the chart and say, okay, this looks a little bit silly here is it really, is it really. Should it deserve to be down here. I think there's a case to be made for, for LVS here too.

You're like, should, should it really be down here is I think a fair question to ask and I agree. So I'm really big on these. When I see these moves on the chart where you see, okay, it has a day where it should never been at $2 and 53 cents. I wish we were talking about it there together. And then we would be probably buying a whole bunch together, but, um, let's see how it moves up.

It, it goes all the way up here to $54 hangs out and then it blasts off. So this is the move I care about. I don't really care about this one here. I care about how it, how it treated $34. It loved this area and it blasts off up here to 90 and came all the way back and then blast off, came all the way back and then not as much of a move to the upside.

Uh, we didn't make another high and it hasn't done that each time. Every time it came here, it's made a lower high, if you noticed. So maybe a play to like 52, even though that sounds crazy, but to play to 52, doesn't seem outrageous right now to me. Um, and you have a short stop-loss right here at 32 16, somewhere around there.

Keep you give yourself a couple bucks to the downside. I mean, you're looking for a big play to the upside. This is a longer term play. This isn't something that I would say is going to happen overnight. But even if you were to take a flyer on this and they get somewhat of decent earnings. You're going to get a dollar popper.

So, you know, maybe in my opinion, that that's easily done on a stock like this, but if it breaks out or breaks down to the downside, you don't have support. It looks like until maybe some key, um, option levels like 25, 30, 35, you know, $5 intervals to the downside, probably. So, yeah. Um, wait, hold the, I, I missed this.

I was busy preparing for the streaming stuff, so I did not see this until the charges alerted me to a thanks is Dr. Berg. Um, you would know about this PayPal reportedly is exploring and enjoying a purchase of Pinterest. Can you pull, put poor pins, pull a or art that works through PayPal on pins, Bloomberg reported that PayPal and Pinterest discussed, um, taking Pinterest over for $70 a share hold.

I'm not sure. I, I get the synergies there, but it doesn't really matter. I guess they don't care. So Pinterest was halted. It's out of a hot now, right? Yep. That was hours ago, so yeah. Okay. Wow. Hey, it's not everyday. You get a mid day MNA rumor, right? I love me. Exactly. I love me the news. Cause it never happens.

You never get midday news, all the names, everybody back in their trading. Again, all the alerts are going off on their phones, Jay rice. Where, where have I been? It's a great question. Jerry Rice. I was not looking at my Benzinga pro I'll tell you that I was looking at Vinco ventures, BBG for like an hour.

That's where I was. Um, so I was watching that. That was an interesting interview. Um, thank you. Okay. Another one is forward. Yeah, I know that you've been long there. I don't know if you're no, not anymore. Not anymore. I sold out like 13. So the ongoing strategy with a couple of members in our group, that one that he did, this is like his baby, you know, he's been nursing this one and um, he's been buying shares, selling covered calls since it was, I think at like eight, eight or nine bucks.

And it's been a great, great strategy. Then he got caught in some, we sold some 1550s, um, that were expiring this week and was like, Hey, what should we do? Or what should I do? And I was like, you know, we, we agreed in the group and said, Hey, if it was me, I'd be taking half my profit off the table at this point and not trying to carry on.

And then I looked today and it's up to almost 16 bucks. So I hope he's not hurt too bad in those price you pay. So, and some calls sometimes. Yeah. And so, and so depends on where you're at. Yeah. So that's how it goes, so, okay. Let's let's see what else is on your radar here? And, you know, actually, wait, there was a question in the chat.

Someone asked about wish they can like a wish here. I don't, I don't trade this one, but I can look at it. This chart is how I doesn't really need that. Well, I mean, that's a big move. I'd like to have been at $5 and then when it pulled back, but then now it's just chasing at this point. Um, in my opinion, this would be a good place for it to fall back down to easily five 80, uh, just by looking at it, it just looks like it could just come right back down and underneath that six bucks range.

But, um, is there a news out on it that we don't know about Spencer? Do you see anything? This is a high flying stock, so I don't know. So the daily, I mean, no, you're trending wise. You're about to hit resistance at this point or at 6 53 at the most, it looks like so, um, but things can turn around. That's a lot of times I feel like there's a lot of people chasing stocks that, um, they might've been in at, you could have been in this thing from third.

19. This is when most people are buying that are in the chest that I see. No, not trying to like dog anyway, but that's what I'll see is that people are buying. They're like, what do you think about this? What do you think? Do you think it's coming back? And that's the moment where I'm like, maybe I should short this thing is a lot of times when people are like, man, what do you think about this one?

I say, I think it's probably too late. If you're asking me, um, and that's just plain and simple, it just the reality of it. And then when you come and look at a chart that it's completely on a downtrend, why fight the trend? Why, why would you say in my opinion, and I don't know if they're long, whoever asked, but, um, if they are there's, this looks like you would need it to break out above 6, 15, 6 to 25 and hold that.

And then this previous area here, if you can hold that again, then maybe you go up and shoot back for eight 50 or so. Um, you're gonna have some strong resistance at $10 if it ever gets there. Uh, do I need one too in the chat? And you can just rewind the video, man. We're on YouTube. You can just rewind it because we're, we're wanting to like an hour.

Hey and smash that light while we're taking a second, we got 356 likes. Why not get to 400? Um, let's just, or there's 500 for watching. So maybe we, well, five 11 now we just had a few people jump on. So let's get more likes. Um, pull up, tell us what you guys want to see. What other stocks are you looking at?

Um, long CCS. Let's do that one there. I mean, you're at a decent support level. You don't have, you know, you have some, uh, definite stops in place here that you can put in that are to the downside. But I mean, it's selling off right now. Is it oversold at this point, it looks like it, your medium range, 23, 74 for a target.

If you were to go in right now, it looks like, you know, this could be an area where you've got a stop loss. Let's see where it tells us our ratio. So, I mean, that's a decent, that's a decent play there. Um, you could have a super tight stop loss with some good upside 2.75 ratio. If you're using a, um, 85 cents, stop looking for $2 and 34 cents target.

Tell us a little more about like how, how you find ideas. Well, my ideas come from risk. If I don't care about the upside, typically I'm looking exactly at when I see a chart I'm looking for. I don't want to be buying up here for when, when at this moment I'm looking at it. I go, okay, well, there's a lot of downside that I can not manage.

I don't know how far it can go down. Well, at this point, I I'm looking at the Keltner channels. Um, I'm following the EMA. If it's, if it's see how it's supported here, and then it broke to the downside. Now you're at an, an area where it's consolidating is trying to choose which way it wants to go to the upside or to the downside.

I would rather buy something that looks over sold than try to buy something that's on a breakout, especially on a stock that's going down. So if it's downtrending, this would be a, usually a harder stock to find entry on. But overall, when I'm just trying to find trade ideas, it's just usually the chat being on Benzinga, um, YouTube, just watching the chat all day and I see ideas.

I pull them up and see what their, why are they pulling? Why are they mentioning it, mentioning this stock? And then we also have, you know, technology that we all use every day. I think most traders have different ways to find information, but we use a bot. You can just put in, you know, top news or top, uh, trending stocks on wall street bats, and it automatically tells you how many times it's been mentioned and list them for you.

And that's all on discord where I just go in there. I can just find information on what's trending. Um, unusual options activity is a big list. I like to go off of, um, just for volatility for me to trade shares. So I watched the options activity just to be able to, um, find and see what stocks might be in a range of.

I see a huge sell order at a $55 price on option and a huge sell order at a $50 range. Then maybe that's the range it's going to be trading in. So try to buy a little bit towards the fifties, sell a little bit towards the 50 fives, you know, and that's, um, just a few quick run-through of ideas that I try to do.

Uh, you know, things that I, I find that helped me. At least pull a stock up that I would not normally look at. But overall, I mean, I look at your normal players that are in the cm on CNBC or on Benzinga coming through the scanners. Um, what's moving pre-market is a big one for me. I look at the pre-market movers, uh, the pre-market losers and just make a list of those and take a look at them.

You know, like right now I wrote down Sony, Microsoft, Google, um, Facebook and Videa and then next tech solutions, which is an OTC, which trades under N E X CF. Those are all for like metaverse plays. So there's, we've had an tech I on the channel before, uh, that that's one of the more active OTC names.

That's very w pretty widely, I like to do a lot of research, you know? So I just go, I mean, right now I'm going to be out there. I've been looking up, who's going to be making the vest for the metaverse. Who's going to be making like the vibration feel, or you get shot by a bullet and you feel it. Or, um, these are the things that I'm looking for.

Like, what are, what are we going to need to make the metaverse work so that I know that's like a big topic and I'm trying to look for the future of like, who's going to be making these things. And, um, I don't know. I'm excited about it cause you stop it for me. It's a good, it's a good thought. It's a good idea.

Um, pardon me. Wonder is. You know, these new, these futuristic things metaverse right. Self-driving cars, even like things take like a long time is my point, right? Yeah. Yeah. So, you know, are we in like, like the, the top of the first, are we going, like the first batter of the first inning, in which case we got like a wrong way to go.

And, and sometimes the first movers aren't aren't necessarily the winners. So, um, I, I like, I love the idea of the metaverse, but for version of, um, or, or AOL instant messenger version of perhaps the metaverse perhaps, uh, wait, why did he was that E-bay spike, uh, who brought that up in the chat? Um, we find it less was that eBay's pike was that because of PayPal?

Because I, I didn't realize that they, they had any relationship anymore that spin off was years ago. I didn't know that, uh, I, I, I see that eBay spike this morning. It must have been off the list until the PayPal hotline, but I don't, I didn't realize that they, they, they trade with any kind of relationship at all.

So I'm a little bit confused there and see if you just look at that chart right now, if you look at eBay, that's a S that's right. There is oversold to my, in my opinion, that's a five minute chart. Um, you pull up the 15 minutes, you got a strong support here. This would be a good stop-out. If you were to try to get something closer to this 70, you know, 74, but your stopping point, you get in around 74, 50 ish.

Try to just get a quick 50 cent bop pops get, get, you know, from the bottom channel, your, your oversold below the channels here on the counter. And just hope to come back and just touch that 75. Again, you're getting 50 twenty-five to 50 cents, you know, quick, quick place, quick trades. Okay. Uh, yeah. P yes, there, there was a report that Pinterest said they're in the early stages, um, of, of a discussion central discussion with w w w with PayPal.

Um, so there's a lot, we don't know about this story, but Hey, nice, nice mid day, M and a rumor, or featuring two stocks that everyone has heard of, which is always fun. Always, always fun. Um, yeah. S and P is the whole market kind of dropping you a little bit? Actually, we actually, every major index, the S and P the NASDAQ and the Russell.

Well, all just took a little bit of a dip here in the last few minutes. Now. Hold on. I got to man, the ship now, triple D mode and any kind of volatility, just like, oh, freak out for everyone to freak out. Well, I don't have any alerts going off yet, so I'm not getting hit too bad. Let's see. That's good.

That's good. Uh, we're still up one and a half percent on for the day. Yeah, I've got the future's up, but I, I prefer the spine during the day and I met my portfolio. Not everyone's confused on

spy dropping quickly. I see that Cameron. Yeah, it's drives dropping. Does anyone have any ideas? I mean, it's. Middle of the day it's bots trading with other bots. Right. So I dunno. I mean, it did just make a pretty big move to the upside. So, um, you got some profit taking, you know, we had an easy, pretty much an easy day of green.

Okay. Here's what I'm not familiar with. Looking at, came right off of that bounced one right up to that channel. Wait. Oh shoot. Anyway, Andy was there for real fed headline because if there isn't that, that could be it. I didn't see anything on that. I didn't see anything, but it does. Cause I didn't see. It doesn't mean it didn't happen.

Um, I've, you know, stuck into my COVID quarantine. I'll have limited screen space here. So, um, I don't see anything, but I guess it could be, um, K L X, E, and the chat I was going to ask you about, this is not one that I'm familiar with. And to me, this is so coming from a person who I may not give you the, um, the perfect wording for everything.

But when I look at this chart, this looks to me like bots are in control and it's very illiquid and there's a lot of, um, you know what? It looks like a scatter plot like this. I do not like it. I usually don't touch. That's just a personal, um, thing of mine. When I see a chart that looks like this, it just looks too crazy.

I'm not trading it. Um, but I don't know anything about this company, clean energy service holdings. I've never heard of it before. What are you asking? KLX please? What are we looking for? Are we looking for a technical analysis? I mean, you're trading between four 20 and five bucks. So lean on that four 20 as your stop, it looks like you might be trying to do, if you got a 50% retrace or you're trying to get back up here.

If it gets back up here about five and hold support, then maybe you take along. If you're looking forward to that way, um, there's just multiple ways you could trade this or not trade this. What about, I think there's another one. This is from Sophia. What is it as you EEC you're oh, you're writing. Okay.

That's when I have, I've at least heard of uranium energy. I've been seeing uranium all over the place. It's like, what are we like? What's going on with uranium. I got, I need to get in to figure out what we're using this uranium for, that we need so badly. Um, because it seems like every day on the scanner, when I wake up, that's like the top, top, uh, sector for a while, like a month and a half.

I know you're in another little monster. I don't get it. Um, I, I, I don't know the uranium story. The one time I did try to comment on it and I didn't know it I'm just going to, like, I'm just going to not comment because I don't know. I don't know anything about it. I can't say, is it a battery plate? I don't think so.

I don't think so. Right. Um, I, I th I think it's just stockpiling, but I'm honestly not sure. So I'm not gonna say anything, even though hoarding uranium in our backyards, maybe, uh, Patrick star. We did, we did talk about CCL, like 10 minutes ago. Uh, you can just check that out. We've got Amazon here, Jesse. What do you want Amazon?

I mean, wait was prime day this summer? Do we miss it or is it, is it coming up? When is prime day? Did it already happen? I already had, I think that already happened. I think it was like June. Nevermind. It was in June. I was gonna say, I think that there was like, not a big deal. Even you mentioned, I think you were like, it was, it was just kinda like, not as big as it normally was.

Well, last year they had prime nail, like right on like black Friday or something like that because of the pandemic, but nevermind. Okay. And anyway, Amazon here, Amazon is looking like everything else where this is. Do you buy this dip or do you just hold off? I mean, look at that. That's a, for me. You've got defined stop right there.

If it comes back and breaks below this, this where it whipped out right here, 33 98. And then look, you're trying to get back to 34 18. I mean, that could bounce right back up to that channel and least test that again, but it, the whole market kind of seems like it's taken a pullback for what is it? This is what this is.

What's great about training. Is it pulling back to keep on going lower? Is it pulling back for us to buy the dip and get back in and see all new highs? When we wake up in the morning and that's, to me, I just don't know. I don't, for me, for Amazon, it's just way out of the realm. I didn't buy it when I, when 10 years ago, like I should have, and I don't really trade Amazon.

So I don't, I don't really know much about how they trade. Other than when I look at the chart right here, you're standing up when you pull it out to the 45 minute and you're looking at it like this, you've got an uptrend it's falling back, possibly down to 33 60, and then could continue ups to the upside.

But, um, this one looks kind of scary to me. It's kind of hanging in a no man's land on the daily if, if I was looking at, but it doesn't look as, yeah, it's hanging out up there. You've had some defined support way down here. That was your entry was down here when a duct want to test at 3,200 back in the early, at the beginning of the month.

And it looks like you, you, in the beginning of the month, you went from 3,200 all the way to. 34 59, 30, 4 60. So you're saying a $200 move. You get a hundred dollars pull back 33 50 looks ideal to me. 3,375, somewhere around there. Do you want to, you want him to take a look at E T T X? This is a therapeutics play in Texas.

They had some drug news out yesterday. Yeah. Yesterday morning and wait Monday. And yes, Monday, it was Monday after the close. That's what it was. It was Monday after the close. Uh, they had a drug, a phase three trial meet its primary efficacy endpoint. Um, that was Monday after the close. And then yesterday we had a couple upgrades today.

We have another, um, positive note from BMO. Um, so the news was out Monday afternoon, but, um, on ETX their, uh, their phase three attack trial met its primary efficacy end point. I don't know what the drug is or what it's doing, but, um, I mean, you got a decent trade there. I mean, it's set up, there's your adult.

It's coming back down to retest this. If it, if you want to really have very minimum risks, you try to get it down there where it, where it wit see if it breaks here hits ya fills, and then you get, you get out somewhere in between. They're not looking to get the very top of, get that middle that's quick trade, but, um, that's on the daily.

Doesn't move too much. Um, you're talking, let's see, let's pull this out a little. Yeah, look at that. It gets to four 30 to 4 44, not investing advice short. It that's, it looks like to me, but, um, I'm anything with vaccine news, things like that. To me, it's almost like buying, um, a fresh crypto it's it's very lottery play to me.

Um, yeah, you get lucky. You get the good news on, you know, on a vaccine or a report for some trials that for, you know, everyone loves the Alzheimer's plays, um, things like that, but, um, I'm not a big fan of them. I like stuff that I do. Like, you know, play, pick my kids. Uh, um, Dave and busters. Have I been to Dave and Buster's since COVID hit?

No. Has the, but have you thought about going or has it not even crossed your mind? It hasn't even crossed my mind. Um, we had passes to Kings island though, if you don't know what King's island is, it's like, um, the Midwest, uh, Disney world, it's kind of like a Cedar point. Wait, wait, wait. See the point is the Midwest.

Well, well, it's our, it's like the competitor version. I mean, some people like Kings island better. Some people like Cedar point, I I've never been to Cedar point, so I can't, I can't say anything about it. I know we have big roller coasters and we have like some of the largest like wooden roller coasters, you know, we have some records, so we're looking all right here.

I'm only like 15 minutes down the road. So I did take my kids there all summer. Um, and then now they have like Halloween haunt and they have the Christmas stuff. So they actually, um, those kinds of theme parks stuff, they're actually looking there. They're making strides to just not be, you know, that four to six months timeframe.

They're finding ways to make money throughout the season, which is nice. Uh, I it's 1 32 guys, uh, Jesse Kaylor, his, the links to, uh, his room, his Twitter, uh, uh, there in the description of this video, right where it says his name, Jesse Kaler. And, uh, he'll be joining us every Wednesday at this time to just hang out, basically hang out and talk stocks.

All right. It was that you guys, um, I appreciate you hit that like button we're 20 away from 400 and we'll be in the jail the rest of the day. Thanks a lot, man. Um, AB where are you at? I know you're around, you're lurking. You're working there is, I'm always here. Doesn't work in. All right. Well, what's our next, uh, we've got Brett Simba from Simba stocks coming on.

Um, Spencer. So Brett's, you know, w we were going to have him on get technical during this time period, but now that we're changing the midday show, but I think we got to start getting bred on our morning live trading show. Cause that's when. Uh, is really active and, and he's just killing it all the time in the morning.

So we were, we were texting back and forth this morning about some of his plays, but maybe we'll find a time for Brett during that live trade show in the morning spread also by call option two days before they expire. I don't know. Let's ask him Brendan

Yeah. Um, so, so Brett, this morning we were texting, he bought some, uh, American express calls and let let's look, I'm going to pull up the, uh, my bouncing of bending a pro uh, pull up the, uh, Macon express chart. Cause that trade looks like it's been working out for you, Brett. Yeah. So, um, Amex was very, very strong, um, for the past couple of weeks just holding around like all time highs.

Right. Um, you guys have it up there. Yeah. So you can see I'm getting my, uh, your slow and fast. Keep going. Yeah, you can see on the daily right there, we were pretty much, uh, the resistance was pretty much this 1 77 level or so, so we pretty much were looking for any type of breakout. Um, above that level. Uh, yesterday we got a nice little close above it.

Um, we gapped up and then we sold off a little bit. We'll be held above 1 76. And then today we just kind of smashed through, um, that pre-market resistance and yesterday's high. So that's where I kind of took an entry right at that 1 77 51 78 level, uh, for 180 calls. And I think they're a pretty good now, right.

It should be like, what do we get in at like one 50, the other at 2 35 right now let's just hit my second trim. That's that literally was you'll probably how come is it that some of these like financial stocks, like American express, it seems like they do well when spies going, like we saw spy tick kind of like a mid day dump here and, and American express actually started moving higher as five was making that move.

Yeah. So financials are up, um, pretty well today. I think they just came out with some of the, the, uh, rate hikes that they said they're going to save them for sure. Until next year. They're just talking a little bit about rates. I'm just looking here at like, live squawk on my phone. But, um, so you can look at like TLT dumps.

So usually when, you know, TLT takes a little bit of a hit, uh, the bond market, you're going to see a lot of the financials and banks do pretty well. So that's why, um, XLF has been relatively strong lately. Um, while you see the bond market pull back. Um, so, you know, financials are probably the strongest in class right now.

I mean, XLF, right? That's the, um, ETF they're at all time highs. They're just making new all time highs, uh, the passport. Yeah. I mean, it's also can be like, uh, I think like an inflation thing, like more money out there, the banks are we making more money? Right. So, um, what about some other plays? I know you talked about a Tesla play.

You were, you were. Yeah. So Tesla's obviously, um, one of the strongest names right now as well. Um, I like Tesla, uh, this past week, Amazon and Netflix, but obviously we have a, the first, well, the first big earnings was Netflix, which was yesterday. Um, did pretty well. Um, I don't think we got as big of a pump right away because they didn't exactly smash the subs, but they did beat, um, on subs.

They beat, um, revenue, I believe as well. And obviously squid games is, you know, pumping a lot of that I think. Um, but we got a little bit of a pullback on Netflix. The daily charts still looks good. All these Fang stocks look pretty good right now, but earnings are, you know, this week and into next week. So Tesla's today.

Um, it's kind of hard to play earnings, right? When, especially when you're at all time highs, because the stock usually runs up into earnings. So the only types of plays that I think are, you know, viable or worth, they really are spreads. And that's going to be B because you're not really like risking, um, the same amount you went on a naked call out of the money.

Right. But you need to pick some type of, uh, doable. So, what we took is the, um, the, what did I take here? Think 8 85 and eight 90. Yeah, the, and you can go ahead and share a screen if you've got this pulled up on your computer, pull it up. But I want to real quick back up for a second. And, uh, maybe you can just explain, uh, you know, kind of like explain like I'm five and Eli five about what the spread is and kind of what you're trying to play there versus just buying a, a naked call.

Yeah. So, so essentially on this spread, right? So essentially what I, what we bought is the, um, the 908 95 called debit spread. So it costs us a dollar 25. It might, you know, it might be a little bit lower. It's going to fluctuate probably between a dollar and a dollar 30 or so today. And essentially all we're looking for is a move to 900, right?

Um, basically when you're doing a debit spread, at least a call debit spread, uh, you're going to sell the upper strike and buy the lower strike. And essentially what you're looking for in this type of play is a move above or, you know, close to before expiration that upper strike. And I'll show you a good example that we took on a, a shop this week, but the play, if you guys want to hop in it, you know, I'm in it right now, again, it's, it's a risky play because it's for earnings again.

So, you know, anything can happen. We can stall around this level, which would be bad, could drop. Um, if it's not, uh, crushing or stellar earnings, But the risk to reward is there. So for the 900 calls for the week sold those, and then I bought in the same, um, order the 8 95 calls. So they're at a dollar 25. So essentially how you calculate the profit is just the differences between the strikes.

So 900 minus 8, 95, that's $5, right? And then you paid a dollar 25. So you take the difference of those. So five minus a dollar 25, your max profit is going to be $375. So that's a three to one trade, you know, it's not a crazy move up right from here. We know how well Tesla can move after earnings. And the good thing about earnings is that it's in the middle of the week.

So we have a couple of days for this play to play out in case it does stall, right. We only need about a 4% move. Um, oops. What did it do that from the bottom? I like these because your risk is defined, right? Yeah. You're right. I mean, your risk is always going to be defined too, you know, when you're taking a naked call right.

At the same time, because

it depends if you're letting it expire worthless or not. But, um, when you're taking spreads, I like them because they have a higher chance of probability. Right. And do you still have that defined risk, but um, because you have your defined profit, it's again, a much higher probability trade. You can't just, you know, worst case scenario, not, not worst case.

Right. But. You know, unlikely scenario is let's just say Tessa smashed to like nine 50, right? In this case, our max profit would only still be, you know, 375 bucks where if we did a naked call, you know, we might make a couple thousand. Right. But if you just bought just that $900 call right now, uh, you know, those are going for, let's take a look real quick just to show.

So essentially if the stock moves down, you're covered because you sold that call at 900. Exactly. Yeah. Then you'd be out of the premium that you spent for the 8 95 calls, correct? Yeah. So w we're still going to be taking the loss, obviously because the eight ninety five call is going to cost more and being in the money.

Right. But, um, we're only risking that 1 25 rather than going for, you know, a, uh, a 900 call just straight up. So the 900 calls right now, if you just take, take those, sorry, Rutgers freezing for some reason, uh, the 900 calls right now are going for, uh, 3 55, 3 50. So, you know, we're whisking about a third of the capital to make, you know, three XR return.

Whereas with this trade, right, if you just did the, um, the 900 call, excuse me, the 900 calls are going 4, 5, 5, 10. I was looking at the nine tens, so $500. So it's literally four times the amount that we're paying for the. And in order to break even just to break even, and not even profit on that, you're going to need it to go to 9 0 5, right.

By the end of the week. Now, if you get a spike tomorrow, you'll probably be out, be able to take profits, but let's just say Tesla's flat and being flat. Isn't a bad scenario during earnings, in my opinion, especially when you're at all time highs, it shows that the stock is able to hold around those all time high levels.

And especially on a chart like this, you know, you take a look at like the hourly, right. You're kind of just flagging down, um, and looking good for a possible breakout, right? So even if we get some type of flat earnings or even if a dumps a little bit, even, you know, down to around this, uh, eight 50 level, you could still get that explosion back up towards 900.

Now, if you close right around 900, even if you tag it, you know, 8 98, 909 11, you're going to be able to make hundreds, you a hundred percent on these spreads rather than needing a move above 9 0 5. You won't get the Cate as much either because you're going to be taking a gain immediately on that, uh, sell leg.

So best case, best case scenario with this, um, trade. You want Tesla to end up above 8 95, but below 900? No. Do you just want it above 900? Okay. So even though you're selling the $900 calls, you still want it to go above 900 because you have 95 calls. Okay. So basically how it essentially works is let's just say Tesla on Friday closed at eight 19.

Right. So that's 8 98 minus 8 95. That's exactly how you calculate it. That spread is going to be worth three. Right? So 300, we paid 1 25. So we're going to profit 1 75, every dollar above 895, the spreads worth a hundred dollars. Cause one, walk me through one of these cars. I've never put a trade out on a spread like that.

I've really only bought, I've only bought calls and bought put. So, uh, you know, yeah. I mean, I'll show you guys a really going on. One of our picks for this week, um, was a shop. We do these, we do our weekly PDF, right? Where we do our top three picks. Um, so these were our top three picks of the week. Every single trade is like crushing it right now.

Um, this was the chart we had for Shopify, right? We're just looking for a move to 1500. Um, we basically entered on any hourly close above 1430. So you take a look at the chart right? First hour, I think on Monday or second hour did that. Yeah. So first hour on, this was a Monday closed right here. We entered here and just never really pulled back.

Now, if you're looking for naked calls on shop, that can be pretty expensive. So instead what we did was, and I'll pull it up here. I got from somewhere.

So instead, what we did on shop is this, where is it? We did a 1514 75 spread. Now that's a pretty widespread. The reason I did a wide spread on shop is because, um, the premium wasn't too bad and I'll show you why exactly we took this trade again. I was a spread rather than a naked call because Shopify is very expensive.

It's very volatile. I mean, if I took a naked call, again, I'd be up much more, but I, my risk was defined and I was risking much less on this trade rather than going, you know, uh, a thousand dollars, 1500, $2,000 into a trade. So we took a debit spread here. This is on a Friday into it. And then on Monday, uh, if anybody wasn't in, I signaled that we could have added into that as well, but I'm sorry, you looked at Shopify 1514 75.

So this is $375 right now. The spread is twenty-five dollars watt. So what's the max profit on that 2,500, right? So if we're paying $375 and our max profit is 25, our max, uh, price of the spreads 2,500. The difference between those again, being, you know, about a seven X trade. So a six X trade. So we're looking to make, you know, 500, 600% as we get to these upper levels.

Right now that spread is sitting at a 230% right now. I believe I'll pull it up here. I think I have one, but, um, at now, basically we're already, almost at max profit. The only thing we're waiting for is the decay, because shop again has such volatile moves. We still have about two and a half days left in the week.

Right. So, um, just to give you guys a example here at 1475. Yeah. Here we go. Have a couple of them still here. Yeah. So here's the ones that we entered. We entered them here 3 75 and they were up 222%. Right now it took a couple off at 200, a 200%. Or we took one off this morning at even 300 units. Yeah. 350% this morning.

Those were at, so you never get any like FOMO where you're like, oh shoot. I wish I would've just bought the naked call on this. I used to, to be honest, but it's so much easier when you're doing spreads because you're not, as, you know, you're not as exposed. And the good thing is in a market like this, like today I'd actually be much, much more red today on a 1500 call a naked one than I would on this spread.

So you could see like on the spread right now, right. What's going on. I'm only down about 8%. Right. But if I took a look at. The naked calls are going to be down much more because the stock is flat today. It was down this morning, uh, about 1%, one and a half percent. So that time, the case setting in on those weeklies now on the spread, I'm actually making money because what I have that 1500 call leg, um, sold to open.

So right now let's just say, and the best thing about this is let's say I did a $1,500 call if the stock chop sideways, that would expire worthless. But because I did a spread now, right? What is, um, the price of this spread going to be? Well, we said every dollar above the lower legs is how much the spread is going to be worth.

Right? So 1485 is the price right now. So if Shopify stayed this price until Friday, this debit spread would only, uh, with, excuse me, would still be $10. So that's 85 minus the 75, the bottom. So I'm still going to be having a thousand dollars per cow per spread. And we only paid 3 75. Whereas the, um, the $1,500 call will just start, uh, expiring worthless due to got it.

What's your timeline on these spreads? You know, are you looking to like start a spread today and sell it? Yeah, so it took, uh, you know, usually, so the spreads, unfortunately for the most part, unless you get an explosive move above that cell. So I'm not going to see, like, you'll see here, right? These could go to, um, these can go another hundred percent from here.

So these will go to like 400, 500% total because what is the max that this could be it's 25, right. But we're pretty close to 1500. And you could see even when it was 1500, yeah. I'll show you the high of this spread was $15. So we're still a thousand dollars off the max. And that's when the price was yesterday at 1500.

And the reason is because again, there's three days for the price to still go down. So you kind of needed to decay right around either your upper strike or way above it. So if this blasted off to like 1530, you know, a couple percent, this would already be pretty much max profit with spreads. If it gets anywhere near 25, I'm just going to sell because there's no point in holding on.

Right. Cause we know the maximum I could sell it for is 25. So like 22, 23, I'm just out because there's no, why would I hold something? I can only make a hundred or $200 more each on when it's already up? You know what, six X. Yeah, exactly. That makes a lot of sense. I like that strategy. I think it's a lot more, uh, repeatable and sustainable than just buying naked calls or naked.

But yeah, exactly. I mean, and then another play we had, I, I don't even, I picked w you know, we all, well, one of my admin in the group pick this coin, I didn't even take it. And it was ended up, I think it was the best trade out of all three of these. Yeah. It was a, it was an hourly close above 2 82. We had a, we take a look at the chart, right?

This was on Monday, literally in the first or second hour, I believe same thing at first hour, just right above 2 82 easy entry right here. And now the stocks up, obviously with Bitcoin breaking the highs, you know, another 7%. So that was a good trade. Also. I didn't end up taking that one. Uh, we took a cat trade cat was on our PDF too.

This was a nice trade basically. Um, cat had a nice triple bottom here. Right. And what did we do? We kind of broke up out of this range. This was Friday. So basically we were just looking for a break of Friday's high. So all that we were doing here, I'm gonna pull up the chart here. It's the same thing that I just showed you, right.

We're just looking, this was, uh, posted on Sunday. Uh, we're just looking for any close above this candle here for a continued move back to, um, uh, the POC here. Point of point of control, right, right around 2 0 9 to 10. Uh, this, and then this one is a little bit longer. I think we said two weeks for this one yet two weeks as well.

So, you know, usually we're looking at ride these for a week or two, you can play usually weeklies on them because the move that we're looking for is immediate, but we recommend going there a week or two out. Um, if, especially if you don't know exactly how to watch the charts, so this one's pretty good.

You know, we're up 2% on this. Um, there was a good trade by one of our admin in the, uh, chat on cat two. And I think I did another one. So these were up about 150. Also, I'm just a 2% move. And I remember these names like cat, um, a lot of these down names, right? A lot of these industrial names that don't move a lot.

That aren't very volatile. If they get that move, you know, we broke this 200 level here. Right? You get that move to 2 0 5 and it's only 2%, but these stocks don't move like that. They don't move, you know, to crazily, um, throughout the week. So they're priced very low. So that 200 call was only like a dollar or a dollar 50, right.

A hundred bucks, 150 each, and now they're going for 450 bucks. So that's 200% right there. But yeah, these are the PDFs we put out. These have been hot all the past weeks, to be honest, our long-term play charge point, uh, this one's going good. We took this on Monday right here. Um, this was based on, I think we had a GP here at, yeah.

So this is a, um, Jake did this chart. So this is sitting at these, uh, previous lows that we had in the beginning of 2021. Right. And if you take a look pretty much from the entire move, pretty sure this is going to be a GP. Yep. Can you go, can you go back to that chart you were on right before this phone for a second?

Uh, yeah, so right there that, that little graphic with the, uh, green box on top of the red box, that's showing as long as the stock price is in that green range and it's profitable. If it's in the red one, then it's not exactly. Yeah. So I'll draw it just I'm here. It's easy. Uh, Where's my long, here we go. So we said, we'll just zoom out here.

Right. We just said, enter above these, this previous a weak tie. Right, right here. We're going to stop out right below here. And we're looking to go back to 30 bucks right up here. Right. So we're in the golden pocket of the stocks entire moves since it was, um, I think it was us back originally. I'm not too sure.

Don't quote me on that. But basically since these lows back at, you know, 10, yeah. It had to be this back cause it was around $10. So back at these loads, right. We're sitting, we chopped around the bottom of this golden pocket here from the entire move up. So sitting at the 7, 8, 6, usually it would be as time to stop out.

But again, we weren't in around here. Right. We waited for this breakout of nice little trend line here, right. With these highs. And that's where we entered this position and it's a long-term Peck. So these are shares. Uh, you could do leaps also. I think we're up like 50, 60% on the leaps too, because these, these stocks, same thing that I was going over with cat, right.

When they're down low so long, as soon as they get that big pop-up, you know, a five, 6% day, which I think it had. Yeah. Was it yesterday? Yesterday, right? Yeah. Yesterday it had six, six and a half percent day. You'll see up here, six and a half percent. Right. So that, that was a, you know, 30, 40% move even on contracts that are, uh, you know, 2, 3, 4, 5 months.

So, I mean, for some of our viewers out there that may want to get into some spreads like this, you know, like what's the best place to start. I mean, I know, you know, we can go out and watch the tutorials, et cetera, but I feel like it's one of those things that you gotta start kind of just dabbling with doing, and then you'll really learn how they, how they work.

Yeah. I mean, it's just about to find risk, um, the best, the best way to do them. Right. I'll show you an example is, uh, kind of like how I did the shop. One, let's go to like a more realistic one. Um, let's think that one's going to be hard. Probably hard. Okay. Um, I was just trying to right. First thing you want to do, always, whenever I look at a chart, right, is you want to pick your top, you want to have your target and your stock, right?

So for a spread, your target is usually going to be like your upper strike. Cause that's what you wanted above. Right? You want it to hit that and you know that as it gets closer to there, you're going to make more on the spread. So, um, Fumo here, right? We have this channel, right. That we're in or hitting the upper upper proportion of it.

Right. It's pretty much, this is the channel. And you know, it's pretty heavy resistance here, uh, right around this what, 35 level or so. Um, and you can see the most volume in shares all time for FUBU, right? Is where from 30 to about 27. So once we get above this, like 31, we get a good daily close above here.

You could take a long, right. And if you're taking a long time, Where are you going to probably have to probably 35, right. So that can be a spread that we take. So let's just take, we'll take a look at the 30 fives real quick. Right? So we'll take a look at the 30 fives and on the 30, uh, on the 30 fives, I'll just pull up, uh, options here.

Like can one sec. Um, uh, we'll throw it over. Jay and the Chad sane spreads are our best for high price names. Like Amazon, Netflix shop Google. Um, because premiums are very high. Yeah. I'll show you. I'm going to show you, uh, something that we did last week too, with Amazon here. So I'm just going to pull up the, uh, so do you consider that like these spreads like to be like a sophisticated trade?

I mean, I know you can get crazy. Someone's asking about zebra, uh, spreads in the chat, you know, whatever. It's just more of like a simple, um, I think this is the simplest one. Yeah. So these are just going to be diagnosed pretty much. They're the same thing. I'll post a year. I'll post a video in the chat real quick, so everybody can kind of like tune into them because it's very easy with visuals.

Um, on, let me get it for you guys. It's hard to understand without like all the visuals and everything. Uh, you know, I can explain it to you. You probably have to rewatch this and listen to it a couple of times. Right. But if you have a video it's much easier to kind of go back and look at it. I have it.

Yeah. I mean, I understand the basics, but like I said, I've never done these trades myself. So to say that, I feel like I'm, you know, have like a great understanding. I, I, I don't, I, but I, I understand it. I just haven't done that myself. I think a lot of people in the chat are in that same boat. Yeah. Here's I just posted it or I will post, can I post it?

Oh, I have to login. Um, no, you should be able to, if you send it private in a private chat on here, I'll, I'll link it in the, there we go. Yeah. So guys, he's going to link it in there. That's a great video. Um, by a sky view there, I think they're the best for like teaching. Cause they have the best like graphics and they kind of use like real life scenarios.

Um, which I kind of like a lot. So that's one of the basic training videos I make my guys go to before they watch some of my advanced ones, um, in our chat. So check out that link guys in the chat there. If you want to learn more, watch it later, obviously while I go over this, but let's just go over like that football trend.

You were just saying, so 30 fives are targeted, right? So how long do we think it's going to take for the boat to get there? Well, we want to allow at least what probably two weeks. Um, the best way to play spreads is always going to be for the most part, monthly contracts, monthly contracts guys are going to be the third Friday of every month.

So this one coming up, the next one, we already missed a Tober. Right? So the next one's going to be 1119. So we take a look at 1119. I'm going to get rid of some of these strikes. We don't need them. Let's just look at 35 34. Okay, cool. So this isn't going to be the best example. Uh, well, I guess it'll be good, but um, usually you want to use spreads for like higher price stocks.

Cause your PR you're a percentage of profit and your actual dollar amount of profits is going to be extremely higher than, you know, playing some of these names where your profits kind of limited, but let's go over it anyway. Let's just say that we wanted the target to be $35. Right? So we were trying to hit up here.

We have about a month to expiration. Is that doable in a month for a football to get up here for sure. You know, in the past two weeks we went from 20 to 30 alone, 50% move. So if we chop a little bit around here, you know, we do a little chop, we have a breakout, maybe a retest here and then a pop up, something like that.

Right. It'll happen a little quicker than this. Hopefully, uh, you know, this isn't in December, you know, maybe we get something like this pop up and something like that. Right. Um, we want to probably look at some spreads around that $35 range. So what we can do is sell this, um, $35 calls going for about $95 right now.

Okay. So $95 is what we're taking in. Then we have this $30 call here, the $30 calls going for that. Two 50. Let's just say two 50. It's a little bit more about, let's just say two 50. Okay. Well, we'll keep it simple and say two 50 and a dollar just to make it easy. Got it. So two 50 and a dollar. So what that means is we're paying two 50 guys for the $30 call, right?

And then we're selling the $35 call for a dollar. So what that means is we're paying a net debit of how much a dollar 50, right? So that means our break even price on this trade is what, 30 plus one 50. So 31 50. Now he's 31 50. He to get to for sure. Right? We don't want for 31 50 yesterday. So if we just get a little bit of a, um, uh, close above this trend line, we only need about a 3% move, um, for it to hit, excuse me, for four or 5% move for it to hit our break even in a month.

Is that doable with Kubo? For sure. Now anything from there is just strictly profit, right? So then if we go, let's say we get to 33, right? How much will this be worth $2. So then we made how much, I mean, 30%, about 33%, right? $50 off of one 50. If we go to $34, how much does it, where it's going to be worth two 50, right?

34 minus 30, 1 50. That's how much we made profit, two 50, that goes to $35 and above 35. How much is it going to be worth $5, right? Because 35 minus. We paid one 50. How much are we profiting on that? The three 50. So every dollar that it goes up above our strike, uh, excuse me, above our break. Even we make a hundred dollars profit.

So rather than just throwing out a $35 call, which you might not even get to you, let's just say the stock stalls around $34, right. It takes a little bit of chop and installs around $34. Those $35 calls are going to expire, you know, close to worthless, or they're going to be probably around 30, $30, $25. So you're going to be down like 60%.

Um, whereas on the spread, our breakeven was 31 50. If it hits around 34, you're already up 250 bucks, 34 minus 30, 1 50, that's two 50 products. So, so with these, do you ever just buy straight up calls or puts, or, or I barely, I'm going to be honest. I barely do this. Oh, you barely do this aisle. This is what I do it for.

The only reason that I mostly do it is because some members like in our group, or just in general people, again, just the Shopify example that I gave you that cost us 375 bucks, right. To make 2,500, hopefully. And you know, we're already up to $1,200. If I wanted to buy a naked call on shop, like a realistic one, you know, how much is that going to cost?

We'll pull up, just shop here and there. And probably even today, keep in mind. This is today. How much has the. We'll go three, four, we'll go a couple of percent out of the money here. You know, this is costing us 600 bucks and keep in mind, this expires in two days. So we had a, a whole week cause we bought it on Friday.

Or if you bought it on Monday, these are gonna cost around that thousand dollars, $1,200 range. So what can you do with the spread? Again? You can make profit as long as it's in between those legs, right? And if all of your break even, and you can buy multiple. So not only are you able to then do what lock-in gains when it's under your upper strike and not worry about the K as much, but you're able to trim and that's the best part about, I think spreads is trimming, right?

Cause the only reason that most people don't make a lot, I think when a stock is trending is they only have one contract. You only have two contracts. So if you're able to buy three, four or five of these, right, again with the Fumo example, you know, if we're buying like the 30, let's just say we bought within the, in that example, right?

The 11 nineteens, the 33, um, the $30 call, excuse me, it was two 50. Right. So if I bought four of those, that's a thousand dollars. Right. But the spread that we wanted to buy is a dollar 50. Right. So we can buy, you know, seven, eight of them or yeah, six, seven. And it's going to be what the exact same price, but we're able to do what trim one, trim to trim three and still have runners.

So that's where I think spreads come into play the best because you're able to profit and take it off the table, playing these big names without a lot of money. Not that's how it works, man. You can, you can do some crazy zero dates. Like there's been some crazy stuff on Friday with Amazon. You know, if you happen to do a spread 3,400, those probably costing you 20 bucks and they made you a thousand dollars, you know, so that's five, you know, 5000% trade is pretty good.

Yeah, no, I like, I like the, uh, like the use case for these spreads, but it makes sense to do so. So I'm going to dive into that. Um, the rest of this week, try to figure out how I can start implementing those into my portfolio. Um, and like I said, Brett, you know, we'd love to have you on, you know, whether it's this time slot or we can get you out in the morning.

Cause I know you said you're a little bit more active in the morning. We do have our own, um, live trading show in the mornings now. So, um, we'll, we'll get some good time to make some trades on here. Cool. And make sure you take. I don't think you said you can, well, you should be good on that, on that American express.

so you'd want to know what I did. What I did. That was so dumb. As I look back at like the day trades that I had in Robin hood. And I was like, oh, the last one was on the 14th. That was six days ago. I'm good. And it's five trading days, not like five, five trading days. So let's do it. You only have so many balls in your chamber, man.

You gotta do choosing wisely. It was, it was a boneheaded mistake. But now I know for the future and hopefully, you know, Brett, we still, we start making killer trades together. I'll be above that 25 K in no time. And just be a couple of spreads, you know, on Amazon. You never know couple of spreads and that we're there that I can make as many day trades as I want.

You're good. You're good on this trade for sure. You know, you got earnings and I think third, what is it Friday? They're coming out. So, you know, you're getting a close up here. You should be able to exit tomorrow. I'll be good. Maybe we got a little bit of a, more of a pump, but yeah, like you were saying in the beginning, right.

These financials are strong. So I think, yeah. Uh, I tailed you on the American express call. I'm looking at right now. I'm up 80 bucks, 50, 51%. Uh that's when I usually would be trimming right now, but I can't, um, I'm more worried about my Tesla call that I opened today. Cause, uh, yeah, but Hey, you know, you never know, I could get lucky.

Tesla could open up 3% tomorrow and then I'm looking good, but more than likely than not, I'm going to be out of. Uh, you know, premium that I paid for that contract, but who knows? You can also, uh, do we have time

I'm finished so you can sell, you could sell a call to head your, your, your buy, if you want. I don't know if I have enough premium in my Robinhood account to like casual premium, you can do it right away. You don't need to buy anything. You don't need buying power, but you don't. That has got to go about it.

I'll text you Brett. Thank you for coming on. Simba stocks.io links in the chat follow bread on Twitter, Instagram, everywhere. Uh, some killer options trades Brett. Congratulations. Thanks guys. Have a go on. All right. Uh, we got to end this frame here. And one of the stream, it was, um, maybe what did you seem a little down?

No, no, I'm sorry. I'm slacking talking to someone to the moon or bus guys are like, good. They're going live right now. So again, while they're alive, but what this is set to redirect to MJ, right? It is. So Mooner boss. If you're waiting for that, go to youtube.com/benzinga. When your boss is going live is live.

Now, we're going to redirect this to our cannabis special live Vegas and MJ biz con Javier is talking to Terry Booth right now, the former CEO of, um, of, uh, uh, Aurora Aurora, holy cow. I was blanking there, former CEO of a war right now, CEO of a audacious. Uh, is it a roar or a freer? I'll be honest with you.

I don't remember. It was one of those, sorry, and Covance tickets. Totally kale. Wait. No, no, I'm going to get this right. We're going to get this right. Terry Booth is before. Cause I can never get Aurora and a free, uh, it was Aurora. I was worried the first time he was the former CEO of Aurora and obviously abbreviations brands.

So, uh, this stream will end and redirect to that. So that's our app hit the like button and um, let's all be nice to each other. You guys, our chat was wild today. So really everybody love everybody. We appreciate you seriously. And um, that's a wrap, I guess. So everyone stay green today. Please make some money.

Stay green. We'll catch you guys. Uh, tomorrow. Same time, same place.

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• SoFi showing strength in its industry... is the stock poised to sky rocket?
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George Holmes, CEO, Resonant (RESN)

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• How much money Netflix will make from Squid Game
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Ed Lavery, director of investor intelligence, SimilarWeb

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Chris Capre https://2ndskiesforex.com/

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On the Benzinga Power Hour, Spencer Israel and Aaron Bry are breaking down stocks making big up moves and down moves.

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Unedited Transcript

Hey everybody. How are we doing? Welcome to whatever this is. Let me Spencer that there's Aaron. And, uh, maybe you should we get the power hour started. It's hump day. Happy Wednesday, everybody.

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 companies. You are alive. Power hour, Jessica.

Oh, yeah. How are we doing everybody? Welcome to the power hour. We got a lot going on today. We got three guests on the dock. First up. We'll have Dan Andrey from Helios medical on and around 15 minutes or so Lisa county from January Hoff at 1230 trunk fan, the CEO of arise. This is an interesting company.

They're not public, uh, but you can still invest in them. I'll tell you all about that at 1245, but I, I heard a, B made some trades. We can talk about those trades in a second. Uh, before we do that though, let's do a quick crypto update. If we can, we'll bring the heat map up on the screen. AB uh, I like white, whiter shades, right of red.

I don't like darker. Of of, uh, of right. I like the wider shades of red. It's better than, uh, better than being full red. So Bitcoin's slightly in the red today down half a percent or so if you're in kind of the same story, um, Binance coin, it seems like I don't have to claim climate is having a good week here.

Let's let's let's let's give it, let's see if I can bring up, um, here on coin market cap, Binance coin in the last week is, uh, well last week, cause I'm only Bitcoin more than eith um, mark up a lot more than most of the largest crypto. So I'm go Binance coin. Hey, abs and trivia for you. Alright. Ready? Some from crypto trivia for you, what percentage do you think of all the Bitcoin mined in the world?

Uh, it was mine in the U S in July, um, 18%, 18, no higher 29. 54. No, not quite that high 35.4%. And this is according to the university of Cambridge. They have a crypt, uh, a Bitcoin electricity consumption index. As you can see there on the map, China, big fat block, a gray because it's zero because it's illegal.

Get it. Got it. Good. Good. But anyway, uh, as a result of that, a U S uh, share of Bitcoin mining has increased dramatically. So we've got that going for us, which is nice. As a reminder, you don't have to mine Bitcoin to get Bitcoin. In fact, you can get Bitcoin for free $50 worth. All you got to do is download the Voyager app funded with a hundred dollars.

Uh, use the offer code zing, make your first trade and upon doing all of that, you will get $50 in Bitcoin for. On the Voyager app. It'd be when's the last time you made any, uh, crypto related trades? For me, it's been when I bought salon like a month or two ago. Um, I actually sold some of my crypto, uh, probably about two, three weeks ago.

Maybe it wasn't really out of any, um, you know, I, I want to sell this or anything. It was more like I have this money in this account and I kind of need some cash right now. So yeah, I sold some, uh, sold some card dominoes, sold some Ethereum, but right now a theory I'm is actually my only crypto, uh, holding.

I see tokes and trades in the chat talking about sheep Sheba and every day was she, I don't know she was up again today. It's all I know. Yeah. Spencer, let me go ahead and pull up my screen. I'll talk about a couple of the trades that I made today. Um, you know, so I know we talked about that. I should, I shouldn't be buying options.

I should be selling them, but I did buy some more options, but luckily, today they are working out. This is kind of my Yolo Yolo trade account. Not that big as you can see only about two grand in this Robin hood account, but, um, the portfolio is up 17% today. Spencer actually 1738, shout out Fetty WAP. Um, and now it's 1767.

So this morning I put these, uh, I bought these $170 calls on Baba that expire next Friday, October 22nd, man. Um, and Baba. So I bought them like probably right around here, nine, 9:40 AM. And now, uh, Baba has been ripping all day. So the, the concept, what was the thought process behind the. Well, so, um, Baba, Alibaba has been, the stock has been showing, you know, relative strength against the market over the past.

Um, you know, weaker, if you look at the past week, it's up 10%. Right? I know that. And I'm asking them why today. Uh, that's a good question, Spencer. So why today we saw yesterday kind of actually, uh, it wasn't a great day for, for Baba stock. So w when I S when I look at a long-term chart for this, which on, on Robin hood here, you can't really, you know, not, not the best for looking at charts.

I see this continue to go higher to, you know, there's like $190 level, but Spencer, as we know everything, can't go straight up. So basically on any kind of like dips or, or days where the stock underperforms, I'm going to be looking to making trades like this, because my, my thesis is that it will, um, you know, then subsequently outperform the market, the following.

So I'm probably going to bomb out of this one here this afternoon. I mean, the contracts are already up about 33%. I'm out this afternoon. Yeah. I mean, there's no reason to hold on to it this afternoon.

Well, that's, I'm up 33% on this trade. Um, the, uh, the other contract I, I bought yesterday afternoon was a roadblocks call, um, and kind of something, you know, similar yesterday was a pretty strong day for roadblocks. Um, and it was showing some relative strength against the market. Um, from a technical standpoint, it looked like we definitely were going to go into, come up at least to this $75 level.

Um, but as you know, Spencer, I'm not a pure technical or a pure fundamental trader. I kinda, um, you know, just do a hybrid of everything. And so if something aligns, if the technicals look good to me and I liked the company, like I do roadblocks, um, and it shows showing me a good entry point that I don't mind getting in on some of those option contracts.

So, um, these ones are actually up. Uh, more than a hundred percent from when I bought them yesterday. So nice little return on those roadblocks calls. Well, I did. I'm glad you said that because I did sell, so you can see yesterday I bought five contracts for $245 today. I sold three of them for 2 34. So I basically got my money back minus, you know, $11 and I'm letting these other two contracts kind of run for, you know, maybe a day or two longer just to see what they do.

Nice. Nice job, man. I mean, you, you made two profitable trades in the last couple of days. Take the money run. Good job. Good on you. Yeah. Thank you. I mean, you know, we've talked, I've a question. How long was it between when the idea first occurred to you and when you actually made, made the trade? Not very long at all.

I know, but are we talking like 10 minutes or are we talking like. I mean, I have all these stocks that are like constantly on my watch list. Alibaba and roadblocks are definitely on there. And if I, if I, you know, see one that's like underperforming or outperforming the market and the technicals look like, oh, this is a good entry point.

I could make that trade in less than, than two minutes. You know, it's as simple as, as picking an expiration date and a strike price. Got it. I got it. I see. I always like chastise you for buying options, but the truth is I really need it, like need to do. I could probably do well. If I traded around some of my longer term positions with via options, it, they just require you to babysit them a little bit.

And I don't have the attention span during the day to do that. Um, so I don't know, but man, good for you to, for, to take the money run there. There was also this Q at, well, I dunno if I so. These were up. I saw his soul. I only bought three contracts, so it's a little harder to like sell some and keep some, um, but let's see, I bought them for $73 and they're $71 right now.

So, uh, but I did sell one for 95, so I made profit on that one, but I should've sold all of them, I guess. But yeah, Spencer, I mean, you know, if you have a long-term position that, um, is up 20% in a month or something, maybe you want to buy a couple of puts on that just to, just in case it goes down and you're already holding it.

I mean, I'd probably rather sell some calls to, to, to get paid for something, but, um, uh, yeah. Yeah, you're right. You're right. I totally should totally should hae a nice job with you. There's a couple of stocks I want to touch on real fast before we get on in a few minutes here. Oh, let's pull up the chart.

This has been thinker pro. Whereas my chart was my chart. There it is. Uh, I guess Vimeo here. I just had it in the newsfeed. They posted their September, some, some monthly metrics from September, uh, this morning. Uh, and I guess they're a revenue growth, uh, of 33% subscriber growth, 14% average revenue per user ARPU eight, uh, 16%.

These are all year over year numbers. Um, that's interesting cause this subscriber growth number actually slowed and it looks like so anyway, w th the, the, the stock, which I always forget, Vimeo is public. I always forget Vimeo is public. Anyway. It's had his best day in, in a while. This has been pretty much straight down since it wasn't IPO or direct listing.

I want to say it was an IPO, um, and pretty much straight down. And since that happened in June, so, Hey, I would probably sell this. I wouldn't buy it up here. I would sell this rip, but I thought this is notable because it's the best day. I think that the stock maybe has ever had on a, on a percentage basis.

So, um, all time low yesterday, and today you're up 13%. Th this is a company that I've used before. I, I don't know, like the long-term thesis for it as a, as a stock. So I, I'm not invested in it or anything like that. Um, but yeah, it's one of those companies. What, like you spend through that? I always forget is public.

Yeah. What about sleep number SMER? Do you see this one today? Uh, down 5% and this looks, this chart looks down right. Scary to me. Cause you just fell below whatever floor that was in the $90 area or whatever. And I love the low nineties. You are firmly below that now. Um, and we're going to, it looks like we're going to go green for the year.

Uh, ready for the. And this thing. Yeah, we opened, we closed at 2020 and at $80 or a, uh, 80. What does that? 83. Well, we'll call it 80, right? Eighty, eighty one. That's what we were closed last year at we're 86. Right now. This is looking downward. It's scary. This is not an inflation hedge beds. Yeah. Spencer, I don't know if you remember a couple of weeks ago, I was actually getting, uh, I had trouble getting a bed delivered and it was from sleep number.

No, I don't remember this. So I had an order out with sleep number to get a bed delivered and, uh, you know, first day comes around. It doesn't end up coming. They, you know, I called them that this was the most annoying part is I didn't know. They didn't call me saying like, oh, we're gonna have to cancel this delivery.

It's not going to come today. I had to call them and like inquire, inquiring choir. Then finally they're like, all right. Yeah. It's, uh, we're not gonna be able to deliver the bed today, whatever do they say why they said they were missing apart and then the next part? Yeah, I don't know. And then the next day it wasn't like, it wasn't like just the mattress like they were doing.

I guess there's some parts to that. And then, so, so I, you know, express my frustration naturally we schedule a subsequent appointment maybe for the next week, the next week comes and same thing happened is happening again. Well, actually this time I called like kind of preemptively, cause I'm like, Hey, just making sure the bed is going to come today between nine 30 and 1230, like we said, and they were like, oh, actually, like we had a computer error.

The bed is not going to come today. So two times in a row, the bed isn't coming to me, mind you, I'm sleeping on an air mattress. Um, the company did offer me. They're like, yeah, if you want to go buy a temporary mattress, we'll, you know, rebate you anything up to $400. So I was going to go out and buy like a $400 mattress from Walmart or something, get them to pay me for it and then return the mattress.

But I never got around to doing so. And finally, on the third time they did deliver the bed. But at that time I was like pissed off and I was looking at, puts on sleep number, trying to short it, but the stock is just not very, uh, volatile or liquid. So there weren't a lot of good contract options, but now I'm wishing I did.

Cause it sounds like if this was like a month ago and I would've made that trade, I might be looking pretty nice. And how long ago was that? So it was like a month ago. Oh man. All right. So it sounds like they're having some, just like everyone else. Supply chain concerns for beds apparently. Right? Gavin pillow sources and components or, or maybe even just getting, getting deliveries done.

Um, Well, all right. I didn't know. I didn't know any of that. I know, I know we've cause cause there were mornings where like I wasn't in the office cause I was my bed's supposed to get delivered and that was one of the many running problems with my apartment. But that was one that isn't really on the apartment more on or on sleep number.

All right. Um, Hey, our next guest is here and I want to bring him on, uh, cause he's got a couple of thoughts. He's got a couple of things he likes interesting. Um, I think our next guest also has inflated in addition to his own company. I think he's also got inflation on his mind here based on some of the things he just dropped in our, in our, in our private chats.

So let's get Dane age refunds from Helio's medical, bring them on. And right now, Dane, good afternoon. How are we doing today? I'm good. Spencer, how are you? I'm good. You must be thinking about inflation. Cause you said you like gold. You like natural gas. You're like uranium. Well, you know, pretty much everything's going up in price, uh, food energy.

But if, if, if you'd like the old school, you know, gold Nat gas, uranium, uh, I'm an old 20 year, 25 year veteran of, of hedge funds. I used to run money, uh, for Julian Robertson and, uh, you know, th these names are just starting to explore. Um, on the Nat gas and uranium side, but the goal, uh, golden silver really have been left back, um, along with helium medical technologies, which I'd love to discuss.

Um, since that, of course I want it real fast. It's one to Paul, but I just a random uranium chart. Right. I mean, uranium has been one of the high, uh, uh, highest flyers, uh, this year you can go there and go to the you U U or whatever, but, um, yeah, I mean, just uranium, so, okay. actually the CEO of, uh, UVC, uh, uranium energy.

Um, his one child Ashley was on our device. Um, he's got a cerebral palsy child and, uh, uh, he was treated with our, uh, devices. So, uh, okay, so interesting. So tell us about what Helios is working on. Helias. Uh, the technology came out of the university of Wisconsin in the late nineties and into 2000. Um, it is, uh, it treats, uh, basically a very common symptom across CNS central nervous system, uh, diseases like Ms, like stroke, like traumatic brain injury, uh, cerebral palsy.

Parkinson's you name it? So basically what we're treating right across that spectrum of indications is balancing gait. So most of, most of these patients, uh, can't look left, can't look right without losing their balance or walking forward or going up and down stairs. They just, th they just have a very low quality of life because of the balance and gait deficit, uh, due to these weather, chronic, uh, diseases like Ms, and, uh, and potentially stroke, uh, but also trauma with a traumatic brain injury.

And we are the only company in north America right now with a cleared, uh, therapy or ponds device therapy, which I'll talk to, uh, in traumatic brain injury. There is, uh, by health Canada. So we're treating, uh, we've treated well over 300 patients in traumatic brain injury. Uh, it clinically and commercially in Canada, right.

Sure. What exactly is the device? Like what is the device? So this is something, you know, in a, a great case. Uh, it's the ponds, uh, neuromodulation stimulator. So I think Tim cook and Steve jobs, uh, would love this device. Uh, let me open it up real quick. Uh, nice handle. But if you open it up and you have a smart device controller, if you could see that and the mouthpiece, so basically I'm going to take the device, the smart device there, uh, which is our controller and then plug in the mode piece.

Um, so basically it plugs in right here and the mode piece goes on top of your tongue. Whoa. So 20 minutes a day, twice a day in combination with physical therapy to, uh, improve your balancing gait. Now, w we're we are cleared by the FDA since March of this year for gait deficit in Ms. Patients. Okay. So there's a million Ms.

Patients and growing and, and 41% of them have gait deficit. So it's a massive problem in a very chronic well advertise well-lit disease. So that's going to be our first commercial launch in the us, but in Canada, since, uh, late 2018, we are cleared for, for balance deficit due to mild, to moderate traumatic brain injury.

And then last year we got our second, uh, clearance approval by health Canada in Ms. In detail. So, and the big news that came, uh, in August of this year, we got our second breakthrough designation device by the FDA. It was granted imbalanced and gait dysfunction due to stroke. Now, stroke is massive. It's seven times greater than Ms.

As is TBI. There's 7 million people living with chronic stroke. Uh, 80% of them have gait deficit of balance and gait deficit, and that's chronic stroke. There's also subacute and acute stroke where there's 800,000 new strokes a year 80% of them go right into rehab. So this is not enhanced rehab. It's a ponds therapy with our device.

You said the stroke that was in Canada, that wasn't hen. Uh, no, we just, uh, garnered our second FDA breakthrough designation in all. In stroke. So that was the us. So right now what we need, uh, is a pivotal trial for stroke, which we are starting to develop as we speak so very exciting times for such a small company.

Okay. So, uh, you're approved, uh, in the us, uh, for only, I guess, a couple of use cases do just Ms. Right. Um, but you're working on getting approval for CP or yes, we have data in CP. Uh, we're going to have data on Parkinson's, uh, in the near future. We also believe, um, we're going to have, uh, a pivotal trial for our second traumatic brain injury trial for balancing gait deficit as well.

So we could be the only. Uh, a company that could be, uh, approved in the, in the U S by the FDA and TBI. Uh, and that would be probably 20, 24. Uh, and, and what situation on just like production, like you have the MTA clearance for one, for one thing and the us, but what, what about we haven't commercialized any candidate in two years, we're in 33 neuro PT clinics.

Uh, we use key tronics up in Minnesota, publicly traded company as our OEM to manufacturer our controller and our mouthpiece. So, so basically w what transpires here, when we stimulate the tongue, uh, Spencer, uh, in combination physical therapy, we have 143 gold-plated electrodes on this mouthpiece, and it's twice a day for 20 minutes in combination with physical therapy.

So basically we are gently stimulating the tongue. It feels like Champaign pop. Or do you remember pop rocks? I don't know if you're that young, the candy. So that's how, that's what it feels like on your tongue. So even when you take your index finger and just touch it, you are stimulating your brain that goes right through your, your, your, your there's 10.

And so what's the, the idea is that what it just like improves balance. So basically, uh, you know, if you, if you just sit on the couch with our device, yeah. I have this in your mouse. You're not going to improve your balance and gait. It doesn't work that way. It's in combination. It's like learning to ride a bike again.

So you have, you don't have a hundred percent of your balance and gait deficit like you and I have right now, when you have one of these chronic diseases, you have this common symptom in Ms. Or bounce stuffs and then TBI balance deficit in stroke. Same thing, you know, you can't get up without falling. You can't go up and down stairs.

You can't look left or turn right without losing your balance. So this is a big deal and it really affects the quality of life for most of these patients. Of course, a lot of them can't go back to work if they've had a TBI. So you, um, it's always interesting. Whenever I talk to someone who like had a career in, in, in one field and left it for another, cause you, like you said, you may have money, you're a professional money manager and then you left to become the present CEO.

Yeah. So, so, so Y so, so yeah, basically I, when I, uh, uh, the, uh, maybe partners wound down became a family office, we started doing more private and public. Really in healthcare. Um, and I, uh, I started investing in Helios a few years ago, joined the board. Hopefully I can help management, uh, steer their way through some of the financial issues, compensation issues, and so forth.

And just using my background, uh, of, of really being with management teams for the last 30 plus years. So when this opportunity existed, when Helias basically needed a new direction, uh, from, from, from the senior level, um, I volunteer and in August of last year, I started as the interim CEO, I did something special.

Um, I took no compensation whatsoever for about 11 months, no salary, no stock option, no cash. And then basically, you know, from then on, I start building up the new team, I helped bridge the company financially in two deals. I've been investing in every deal, uh, you know, myself and my family owned well over 9% of this company right now.

Um, we just brought in a new CFO, Jeff Matthiessen from the board, um, as well as our new chief medical officer, um, who who's a KOL Ms. Expert neurologist as well. And then the head of sales and marketing came from leaving Nova, which is the biggest neuromodulation company, uh, in north America right now. So of course from our chat, uh, before we wrap up here is the treatment.

I presume it's a temporary improvement. You have to keep using it. Right. So right now it's a 14 week treatment, uh, twice a day for 20 minutes. Uh, in combination with physical therapy, your first two weeks are in the neuro PT setting. The last 12 weeks. Um, you do your exercises at home and you come in once a week and you, we download your, uh, data with your PT and we look at your progress and improvement.

So, so right now our data, you know, is, is, is really for short term only, but we're looking to get a longer-term data as well. We have it. In traumatic brain injury, we did a wash out. Uh, it, it was excellent data and that garnered our, our first clearance by health, Canada and TBI. And then I guess, like what, what are the, um, uh, the best you can provide, like a timeline on, on, on when you'll get the FDA clearance for anything, everything you want to get clearance for.

Yeah. So it's all about expanding the label of this platform technology. So first and foremost is Ms. In the U S we're looking to do a pivotal trial and stroke. Uh, we're looking at probably, you know, first half, first quarter, 2024 for FDA clearance in stroke. So, you know, and we're hopefully also get a parallel pathway TBI as well.

So to do all this for the next two years, Is is a massive lift, but it's a, it's a fantastic lift. The testimonies that we have coming from our clinicians, from our patients in Canada, the, the, the technology, the therapy, the ponds therapy works. It truly works. And it changes people's lives. Their quality of life improve.

Uh, their there's so many positive side effects to this therapy. Um, I just can't make claims, uh, you know, but we just hear a great story. I, I wouldn't want you to make claims anyway, they couldn't be backed up. And Andrew, if he's the CEO of Helios medical, ticker chart up on the screen game. Thanks a lot for coming on today.

Thanks, Spencer. Alright. Bye-bye Hey, AB where'd you go? My man, come back to me. I'm right here, Spencer. You were just killing it on the interview. So I did not want to, I know, I know what happened. You stepped away to go to the bathroom. Yeah. Yeah. That's. I got you. Anyway. Um, well, yeah, Spencer. So as you mentioned, we got a pack show today for three guests.

That was our first one, Dane and drift and drift. Um, we've got another exciting biotech company coming up as well. Spencer, Lisa county, and I see her here backstage from Jaguar health Jaguar. She bring Lisa on. Let's do it. Spencer. I've always wanted, I love seeing Jaguar Jaguar with a British accent. I bet you that's how it's pronounced.

We can ask, we can ask her. Maybe we should, let's get these on. You want me to do it? Oh, there she is. Okay. Well you say good afternoon. Good afternoon. I just heard the end of that conversation and it sounded very similar to ours label expansion for an initial indication, not making claims outside your initial indication.

Right? Right. So tell us about what you're working on and what your initial indications are. And then we'll, we'll go from. So while we're working and we do all plant based drug discovery, some plants that are used traditionally from the brain forest. And we did take our first product from a tree growing in the rain forest to a first-in-class FDA approved drug called my Tessie.

And it's a drug for gastrointestinal symptoms. It normalizes gut function. And it's initially approved in people living with HIV aids and has multiple follow on indications. One of which is in phase three clinical trials right now for cancer therapy related diarrhea, which is the biggest side effect associated with cancer therapy and affects everything from dignity and quality of life.

All the way to outcome of the patient's cancer therapy, because the interruption with the gastrointestinal distress causes patients to take drug holidays or reduce their dose, or even change their life saving therapy. And then there's multiple other follow on indications, IDs, IDD. We have a rare disease and short bowel syndrome.

So it's a real pipeline within a product. Where w what is the market size here? We're talking to anybody with any sort of gastrointestinal problem. Eventually as we get to all the different indications. So right now our label, for example, is only in people living with HIV aids, it's a chronic label, chronic administration.

Um, and then we're going for cancer. We'll need to do an additional clinical trial for Uribel bowel syndrome and additional clinical trial for Crohn's disease, inflammatory bowel disease. So one by one, we'll be able to get to all the patients in need around the world. How long do those trials take? Well, it depends.

Um, so the cancer trial is where about, um, nine months into it and it will be completed about one year from now. It's about 250 patients. It's very interesting. Literally my Tessy. So it's the product in the same dose, the same formulation that we have in commercial use right now for HIV. So when we think about risk management, most new drug applications fail because of a safety issue or a manufacturing issue.

We obviously already have the supply chain worked out and we have a chronic indication. So for example, we have two year carcinogenicity. So it's a matter of conducting that pivotal trial and risk reduction for us. It's spending a lot of time with the FDA to make sure we have discussion and agreement on that pivotal trial design on enrollment criteria, endpoint definition, which will define where you're going to be able to make your claims and promote.

So you don't finish the trial, have a successful trial. And the FDA says great. You know, if only you looked at one additional thing. So anyway, the bottom line is each additional indication is probably about a two year. So, well, in this case, we're looking at like the next catalyst for Jaguar health being like a year out from now.

Well, not the next catalyst. That's the, that is a very big, important catalyst because you asked about the size. So there's diarrhea is the number one side effect. We cancer therapy and there's nothing that's been tested and approved specifically in that indication. So what do we know about, of supportive care in Canada?

Um, chemotherapy induced, nausea and vomiting. And that is a market that is expected to be the third party analysts about a $3 billion next year. And you typically take those agents for like the first three days of the chemo cycle, whereas diarrhea with targeted therapies, these therapies that patients stay on chronically to stay in remission for years at a time is occurring, you know, every single day.

So that's a huge indication in terms of the number of patients, the impact we can have on their life. And of course the revenue that results from that, but near term catalysts. Yeah, we have the brand name is my Tessie. The generic name is and is getting ready to be launched in December of this year. As under the trade name can Aaliyah for chemotherapy induced diarrhea in dogs under a conditional approval from the FDA, because it's, it's called mums, which is like an orphan designation to get products available to animals in need.

And in this case, dogs in need and dogs are remarkably predictive of the human situation. The way our product works in the gut is highly conserved in the physiology of the dog. Gut and dogs typically get many, um, human designated cancer agents. So we're very excited and, and that's, you know, a relatively small market compared to the human market, but a very important market.

And it's a very near term, um, event for the. And so Lisa, you mentioned that, um, you know, diarrhea and kind of, you know, some stomach problems are one of the main, um, side effects of cancer treatment. Um, so, so with this medication also help with weight loss. I mean, I assume the two are associated, uh, wait, not with a receipt, what it does, this is not a claim.

Uh, but when patients are. You know, getting dehydrated because that's the thing of diarrhea, like cholera, for example, what kills you, not the Colorado infection. It's the dehydration that occurs from that. Ultimately organ shutdown, et cetera. So when you're not dehydrating, you're maintaining your weight.

And we have had patients just say to us, you know, this is lovely. I don't, you know, I don't have a sunken face anymore. I'm able to maintain a healthy body presence. That's not a claim that we have, but you know, you could just imagine from preventing the dehydration, right? So, so by preventing the, uh, you know, diarrhea and those effects, you'd be, um, you know, retaining more of that hydration that.

And, you know, another, another indication that we're pursuing, which is going to get to what you're thinking about short bowel syndrome and the intestinal failure associated with that. So this is another near term, uh, um, event in the company. So short bowel syndrome, we have about an intestine that's maybe 20, 25 feet.

So short bowel you'll have less than five feet, maybe as little as 30 centimeters, it could be congenital. It could be due to cancer necrosis. It could be due to an accident, but normally what's going on in your gut. You have the secretions coming in and then you have the absorption of the nutrients. Your proteins, your carbs, your fats, your vitamins, your minerals.

And if you have a short vowel, you don't have enough time for those to be absorbed appropriately. So that's an indication that we're pursuing initially in Europe, because we have orphan drug designation here in the United States. We have filed for orphan drug designation in Europe, and that has been accepted the application with orphan drug designation.

In Europe. We have the possibility for an accelerated conditional approval. You can get it into those patients sooner. And the thought is that you're giving them more time by normalizing the secretions, which is the mechanism of action of or giving them more time to absorb the nutrients of life and reduce the morbidity.

And also, unfortunately, the mortality associated with that indication and that is being funded. With our European subsidiary Napoli, you merging with a spec in Italy called the dragon spec, and it's all filed right now with the Italian government and should be consummated in less than the next month. No, that's no, that's interesting.

All right. So we got SPACs we got Italy. Uh, why, why, why go that route? So again, we wanted to be in Europe, right? And, um, for what I told you about the conditional accelerated approval opportunity for an orphan designation. So we licensed the parent company, Jaguar or Jaguar. However you want to say it, uh, did an exclusive license for the European rights to all the indications of profile Ameren.

It's a typical license agreements. So there's benefit to the parent company of an upfront payment milestone payments, Royal. And that clinical data that will be generated in Europe is available for the parent organization to utilize in the United States. We try as best as possible to pair our clinical programs with, um, non-dilutive financing.

So one way to achieve non-dilutive financing in this situation was for the subsidiary Napa. We used to be funded by a third party, and there happened to be a dragon SPAC in Italy. Why Italy? Because Italy is the only country where a spec can name their target company. Well, they're raising their money as opposed to the way it's typically done.

Yeah. Italy is the place where that happens. Did you know that? I did not. I mean, we probably should know that Spencer considering, you know, we're in this field, but maybe, maybe Chris and Mitch are our resident spec. Experts knew that, but, um, I did know. Well, I think that would be a game changer. Imagine if that was the case in the U S if you can name while you're raising your money from your pipe investors, you can say, Hey guys, you should come to because a year from now we're going to go buy this company.

Or we think, oh yeah, happy, happy Muhammad in the chest saying investors to low. Never mentioned that maybe next time he comes on the show. He'll, he'll, he'll talk about that spec process. Um, but I mean, I feel like a lot of times here with the specs where they're not allowed to disclose it, like oftentimes it's rumor and I, I sometimes it's kind of like one of those, uh, you know, trial balloons situations where I think they like purposely let it leak and see how the responses, but who knows.

Wow. Yeah. At least you just taught us all. I saw new today, blue my house. Yay. Do it my best. Yes. Years ago, I don't know. Let's say 5, 6, 7 years ago. Italy was the second most active market in specs for that very reason. Um, it cooled off for a bit when maybe some of the spec sponsors were little too generous with their return to themselves.

Um, but far spec spots. You're kidding. Right. Oh man. Do you have an, another connection to Italy outside of that? Lisa, we do have another connection that we have very interesting looking at the plants behind you, Spencer, the largest plant like tree based GMP manufacturer in the world is in Milano, Italy called in Dana.

And they are, um, scaling up to be our second or our long-term large-scale, um, plant manufacturer. We've worked with them for over 25 years and in fact, they just did a nice investment in Jaguar, in the parent. Well, I, I will pass her compliments to the chef. I'm not responsible for these decorations here. I I'm stuck at home in, uh, uh, quarantine right now.

So I'm sorry, this is what I've got. I got, I got what I got, what I got. So I'll pass her compliments to the chef on that, uh, for the chef or the chief that to, uh, Lisa Conti is the CEO of Jaguar health. Um, joining us today on the, on the para or Elisa. Uh, thank you so much for stopping by. We would love to have you on again.

Uh, as we get closer to those, uh, the, those next catalyst. You got it. You got it. Thanks a lot, guys. Have a great rest of your morning, Lisa man, we're doing the specs wrong in the U S I think is I think we need to let these come. Can you even imagine. So essentially let's back this up for some maybe if any of our audience members don't understand the kind of difference.

So essentially, and correct me if I'm wrong here in the states, you have a special purpose acquisition company, a quote, unquote Blake blank check company. That's raising money from investors to then go buy to take another company public, right? So you actually, you have two years, so you raise your, you go out and you raise money from investors and then you IPO that company.

But your company is not, it's just a blank check. It's a shell company. It doesn't, it doesn't do anything. And you raise money with the idea that within two years from the second we IPO, we have a two year clock. We got to buy, we got to use the money that we raised to buy another company. Um, Otherwise, we have to return that money to all the people that invested in this back in the U S you're not these specs.

I'm not allowed to talk about their targets before they have a deal. I apparently, generally, that's not the case. You can raise money with the intention of saying, Hey, we are going to do that. You should buy, you should invest now because we're going to buy X company down the line, which so let's say I'm going to, I'm an Italian spec.

Oh, oh, we kind of lost you for a sec, but you're back. So say I'm going to Italian spec called I spec Italian spec, and I'm raising money. I can say we are raising this money in goals of taking Ferrari public or. Well, what'd you say? Or, or, or Benzinga, or Benzinga w we, you know, we can, we can say our target now here, where if you say you look at, um, I can't even think of like, uh, uh, one of the specs, like the, uh, actual spat, like Northern diamond peak holdings there there's diamond peak holds you don't know there are rumors, but you don't know for sure that diamond peak is, you know, targeted and Clover health or whoever it is.

Yeah. Um, coupon boy brings up a good point in the chat. Us can say, what sector are they targeting? That's a good point. And they can, so a lot of times people will, uh, you know, infer like, oh, this company's raising money in the healthcare space. They're going to target a Clover or whatever it is. But, um, I, yeah, I know Ferrari is already public.

I was just thinking of an Italian company off the top of my head. I w I don't know, maybe another Italian company, um, uh, Oh, wait, I think I was going to say natala, but I think they got bought by a guy who owned with Hela. I think, I think there's mandolins. I forget somebody big owns Metalla anyway, um, IPF discord.

See, I feel like there are some where it's like very like clear what the, what the company is. Um, what's the one, the one that's going to take apex public. It's like Northern, uh, something apex clearing bad close yet, or no, no, that didn't close yet. I guess that's let's search and that's the best part of the crows you can search for it.

I think it's like fitness V or N T S Northern store on investment. Yeah. Yeah. Apex FinTech. So the only reason that that's like out there in the public is because they, the deal's already been in now. Okay, here we go. Now we got, we got the real spec expert in the check. Chris , the filing was a mobile game deal that happened this way.

We w we got a lot of knowledge, a hundreds Kurt community. Uh, I needed to tell I was all my son born. They're owned by forever. Thank you. Which was like a family, family business. Thank you, Andre. Andre must know knows his confectioneries. Uh, thank you, Andre. Thank you, Chris. For dropping. Yeah. Okay. Thank you.

Gucci, another Italian company, their name, all the Italian companies. Uh, anyway, Chris catchy today, we learned that SPACs can name the targets ahead of time as the raising money in Italy. And, uh, we thought that was fun. So, um, yeah, I mean that, you know, we all learned something today, so I'm not very often.

We do back to that biotechs interviews on the show. Probably not something we'll do a lot of, um, Let me, let me let you in on a little secret though, these biotech companies, um, are very easy to book, right? They love talking about, about themselves. They're very, they're, they're very responsive. That's why you may see some, a lot of biotech companies get, uh, some press because they're very easy to book.

So, uh, some inside baseball there, but, but thank you to, uh, to, to Jaguar and, and Helias today. We were supposed to have a third guest. Oh, I see him here. So our third guests, this is interesting AB this, uh, we'll, we'll bring them on in a second. Um, his company is not public, but that does not mean that we invest in it.

So Spencer, if, if you know, for some of our audience out there, if you're a big fan of the show, you tune in with us, you know, day in and day out. Um, I had my good friend Julian on the show a week or two ago from, from core connects. And essentially what core connects does as Julian explained was they helped set up private companies that are raising money, either through reggae or reg CF, um, you know, which just allows retail investors to purchase shares of private companies before they go public.

Um, and core connect sets up the technology to allow these companies to do so, uh, you know, directly with that company. So instead of having to go to a website, like start engine or something like that, um, you can go straight to the company's website and invest in. And, uh, Trung fam who's coming on right now.

He heads up one of these companies. He started his own company called rise. We're going to get to talk to trunk about that. And core connects is, you know, has set up the technology to allow investors like us, like you and I Spencer, to go straight to RISE's website and purchase shares of the company before it goes public.

Uh, you know, for hundreds of years, however long people have been investing in retail investors have not had access, uh, to purchase shares of private companies like this. So this is something that's kind of new and exciting. All right, that's good. That's good. Strong on here. Truong. How are we doing this?

This beautiful Wednesday. Hey guys. How's it going? Was I, can you correct me? Was I incorrect in everything I said there? No, no. Everything you said was correct for sure. All right. The way there's a first time for everything. Goodness. All. Alright. Trunk, tell us about rise. This is interesting because there, uh, There are some big players that are.

Tangentially related to you. So, so tell us what you're working on. So we're in the smart home IOT space. We create a little device, as you can see on the screen there, and I'm holding one up in my hand, and it's essentially a smart home device that you Mount on the window frame, and you're able to motorize and automate your existing window shades.

So the problem that we're so solving today is that most window coverings in the market they're manually controlled. And once you install them, you can never automate them again. You'd actually have to replace them with brand new motorized shades. So we came up with a suite of devices that allow you to motorize your existing window shades and blinds.

And, um, no, we're a category within the booming smart home market. Um, you know, over the last few years you see a lot of exits by some of the large players like Google buying nest for 3.2 billion and Amazon buy and bring recently for 1.2 billion and so on and so on. So there's a lot of, um, activity in the smart home space.

And not only that. Even though we're a smart home device to motorized shades. We do target the much larger and lucrative commercial market. And, um, when we're talking about the commercial market, you know, there's a huge opportunity for energy savings and that's, what's really appealing, appealing to these partners that we're with working with, where they're able to save a substantial amount of energy just by passively opening and closing their shades to, you know, one reduce solar heat gain and reducing cooling, or to, uh, reduce indoor lighting use.

And, and that's really, um, that's really our focus as a company. So can, um, can you set this on like a timer automate it? Yes. So you could set a schedule. So if we're having open at 7:00 AM every morning and then close APM gives you that extra privacy, uh, if you're heading out of the house and your window shades, you're opening, you forgot to close them.

You can do that remotely through the app. You can connect it with Google home, Amazon Alexa, apple home kit. So the primary smart home players out there. Okay. Marshall side, we create customer API integrate. Okay. So, so trunk, I imagine, you know, there are a lot of commercial real estate companies out there that might have an ESG focus.

You know, as you mentioned that, you know, this device from rise can help with energy savings, uh, is that a potential customer, you know, like big commercial, real estate companies that are creating big office buildings that you can say, Hey, you can put one of these in every office in this building and it will help you with energy savings.

Yeah, definitely. So, um, we actually received a $4 million Canadian clean tech grant to develop our second gen. Built on the requirements of the commercial partners required. So we're working with a few large commercial players, hotels, office spaces, and whatnot. And, um, you know, they actually had very simple use cases.

They wanted, they wanted us to lower the shades during evenings or weekends. Why? Because especially during the weekends, they usually don't have tenants in the office. And what happens is that if the window shades are open, all that sunlight during the summer is coming in and the HVAC system is cooling an empty room.

So it's just wasted energy. So just by lowering the shades during these times, they block out that solar heat gain and reduce that inter cooling requirements. And, um, they could save a substantial amount of energy up to 24% in cooling and 74% enlightened use. So, so obviously, you know, Tron, you are targeted.

You, you know, this is a smart home, um, appliance, I guess that's the right word here. You have seen what happened. You mentioned already you saw what happened to Google nest or nest. You saw what happened to ring with Amazon. Is that like a logical end point here for you? Uh, definitely. So when we think about the type of company we want to become and where w we'll end up, I think, um, the most ideal exit would be an acquisition by a larger player.

Um, I'm not going to say it's going to happen. Um, obviously I can't predict the future there, but, you know, we are positioning ourselves to be an attractive, uh, exit attractive, acquire, an attractive target. Um, and you know, just like reading, they have the, the, um, potential of YPO and I believe we have that potential to, but I think at the end of the day, we are going to be one of those companies that another big player just comes up in a.

Well, what can you say about your, your, your sales and revenue right now? So today, uh, we've generated over 4.5 million in sales and that's all audited. Uh, today it's probably closer to 5.5, um, on audited. So how many devices, how many devices that like w w it retails for 1 49? So it's well over well, over 35,000 devices today sold, we just began shipping our second gen and we are launching.

Um, so this product works with anything with a B to chain or cord loop. So the traditional window shades and blinds, but we are creating a device for drapes and curtains. Um, a lot of the whole top artists that we're speaking with all have drapes and curtains for, you know, art purposes and whatnot. And, um, that's a retrofit, um, smart drape solution.

And, uh, we'll, we'll be doing a formal launch, um, hopefully before the. Okay. Does rice have any, uh, you know, patents on this technology that would kind of prevent, say, you know, a Google home or Amazon to go out and developing their own, the automated blind system? Um, so it's funny. Um, when you speak about Amazon, um, we invented this concept, so we have four fully issue patents and a number of more, uh, patents pending.

And, um, you know, when you create a physical product like this, a hardware product, you're going to get copycats coming out of China left right. And center. Um, but because of our patents, um, we actually have an Amazon court judgment victory. And what that allows us to do is that any time a copycat pops up on Amazon, we follow an Amazon.

If they kick the seller off. And, um, many times I get these long letters from the seller apologizing and whatnot for infringing on the patents, but our pans are that strong. So, you know, anytime you might see a copycat, they might be there for one or two days, and then they automatically get removed because of our patents per time merged with a solar panel.

That's all sorry, probably so proton from our chat says you should merge with a solar company to have your have shades that provide solar power. Um, I've seen other solutions like that. Um, we're not focused on that yet. We're focused more on the IOT connected devices space. Um, yeah, the, the whole idea of solar and generating energy that's that's beyond how long has it taken to bring this product to market?

How long has it been developing for? Well, um, our first gen, uh, we began R and D during 2015. It took us about two and a half years before we actually got to market. Uh, that's includes, you know, prototyping going through production for the first run testing, all that kind of stuff. The second gen took a maybe only a year to develop.

So we've, we've improved the whole product development life cycle for us. Um, so trunk backing up to what kind of, when you, when you first had this idea and started the company, I I'm sure you had, uh, you know, critics that were saying like, yeah, this is a good idea. You can't make a whole company out of, out of this.

What, what, what did they, you know, get wrong or see wrong that you kind of saw differently at the time? Um, well, I have a finance background, so I actually did a whole analysis on the industry. And you have large players like Sofie they're publicly traded $5 billion market cap. They focused on motorized shades.

Um, they, the leading player in the marketplace today and they only talk to the 10%, uh, because their solutions, uh, must be purchased with the actual window shade. We're talking to the other 90% of real estate asset classes that already have window shades installed and may not want to replace them, may want a retrofit solution.

So you can imagine how big the opportunity is on the retrofit side. Um, and not only that, uh, solutions by Sofie boots on the ground, some of these other larger players, they're $500, a thousand dollars per. Ours is $150 product. So it's a much more affordable price point. The real estate developers and landlords are attractive to it because they think about payback period.

They think about, well, I'm not going to install these neutrons because they're going to cost me, you know, a hundred thousand dollars for a hundred windows versus yours, but that might cost, you know, 15,000. So the payback period is much more attractive. Um, they could earn their money back from savings in under three years.

Um, so, you know, it's definitely a bigger market and to allude to ring, um, you know, Regan was a great success story. Um, they sold video doorbell systems they're and they were in a highly competitive market. They're in the security camera market, but they dominated the video doorbell. And, um, what was interesting was that ring only sold to single family homes.

There were a residential smart home player. They couldn't sell to multifamily. Um, they couldn't sell to commercial. They can't sell to hotels because their security system for residential. We don't distinguish and discriminate between the asset classes we could sell to any asset class, single family homes, multi-family hotels, commercial office in your housing.

Is this a, uh, like as far as the distribution is, it's like a direct to consumer thing. Are you in like home Depot or are you going direct to the manufacturers? I mean, so, um, historically to date, we've generated all our sales online, so direct to consumer online. However, next year we do have plans in place to be in retail.

So you mentioned home Depot, um, and then, uh, B2B sales is something we're highly pushing forward. So speaking to these large real estate developers and landlords and pushing high volume sales, Trunk. Do you have any idea down the road, kind of what that makeup will be like kind of percentage wise of what percent of the revenue is coming from direct to consumer sales or single a single home families versus, you know, the more commercial real estate like?

Yeah. So I'm speaking to our colleagues in the smart home space. Uh, like we talked to all the major players out there, all the big players that every one recognizes and we do know the makeup. Um, online is a very small portion. It's only about 7% of the market for us. So, uh, it leaves a big opportunity for us when we actually enter these other sales channels.

Retail is about a third of industry revenues. So the Costco's the best buys the home depots. Uh, but the largest and most lucrative channel is B2B sales. So B2B sales to large real estate developers, landlords commercial office, senior housing, um, you know, those type of players. And, uh, that's eventually where we went to.

Got it. Um, well, trunk fam CEO and founder of rise. That's R Y S E. I'm going to go ahead and drop that link in the chat. If anyone wants to go check out the website, see how you can become an early investor, um, trunk. Thank you for coming on the power hour today. Uh, thanks a lot. I appreciate it. And again, the, the offering page is invest dot hollow rise.com.

Got it. Yes, man. Dude, the future is now we're going to have smart everything like I'm, I'm AB I'm like you, or I'm not going to be ready to buy a home for awhile probably, but like the home, the home that you and I do buy that first home, whenever that happens 10 years or whatever, like it's going to be insane.

Like the amount of stuff. Shit. Well, think about it. I mean, look at one of those, you said it was like 150 bucks. We could go out and buy like a house that was built in the eighties or something, Spencer and configure it out to be a smart home for probably not that much money. And I think that would, that would, uh, you know, raise the value of the, of that home a lot.

Um, he mentioned, he mentioned ring quite a bit there. I'm pretty sure it correctly wrong in the chat or correct me if I'm wrong. I think ring was a shark was brought up on shark tank and none of the sharks wanted to invest. Yup. Yup. I want to plug into another show for AXA for a second. If, uh, if you ever, ever listened to NPR, there's a podcast called how I built this and th th they're pretty good.

Uh, some episodes better than others. Uh, they're pretty long. They're like over an hour. Um, but they talk to founders about how they built their companies. And the episode with ring with the founder of ring on the show was, and away the best episode of that show ever. It's a podcast. How I built this with the founder of ringers and his name is Jamie something.

I don't remember his last name. J J what'd you say? Diamond fast. Kidding. No, uh, here I'll look it up. Ringing founder. It's Jamie, Jamie Siminoff I think is his name. Anyway, that episode was like amazing. If you want to listen to like someone who really like struggled to build this company, we like, like you said, went on shark tank.

Didn't get a deal. Like really inspiring stuff. That's trying to be the biggest, uh, like maybe the biggest company period that's been brought on shark tank, but by far the biggest one that was on shark tank and then no one, I don't know, I haven't seen the episode, so I don't know if like they tried to get equity in it and the deal just, you know, it wasn't good enough.

Or if they just all said like, and for that reason I'm out and it just missed that it's come a long way. When I was growing up this, the, the smart home devices was clap on clap off that's. That's what I was when I was growing up. And even before that, we've come a long way. You can automate your blinds and, and then some, okay, Hey, it's one o'clock uh, no.

Get tactical today because Neil is in New York where you. Tomorrow on Friday for our Benzinga cannabis capital conference, our first in person events since before COVID started. So BZ cannabis.com to learn more about that, Neil will be back on next week, uh, for his show. Uh, we do miss him, uh, dearly, but so w w what we've got right now is a replay of the roadmap from okay.

From yesterday. And then at two o'clock, we've got Muhtar bust. I'll be back on at three 15 through 20 is for, at, to close with Joel Al cannon. And, uh, that's what we got hit that like button, please. And thank you. Thanks to everyone on the chat. Thanks everyone for watching. No, no power hour rest of the week, because.

As mentioned our cannabis conference that will be streaming as well for the next two days, starting, uh, tonight, actually. Uh, but AB good job. Thank you, Cameron. Thank you. Manny. Shelly, Chris proton. Happy everyone in the chat. Santo. Appreciate you. AB appreciate you go, go. Uh, do whatever it is you do over there and you keep tabs on the office for me while I'm not there over at out ski as David Greene would say, it's true to say that.

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Episode Summary:

• Kim Rivers, CEO, Trulieve Cannabis (TCNNF)
• Ed Lavery, Director of Investor Intelligence, Similarweb (SMWB)
• Dennis Calvert, CEO of BioLargo (BLGO)
• Tim Quast, Founder of Market Structure Edge
• Crypto Update Crypto Heatmap

Stocks Talked About In The Show:

TCNNF,SMWB,GM,BLGO,TLRY

BENZINGA CANNABIS CAPITAL CONFERENCE

The premier gathering of cannabis entrepreneurs and investors in North America returns for a 2-Day Hybrid Event on October 14-15.

Speakers will include $SNDL and other major Cannabis Companies, register HERE

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Mitch Hoch

Twitter: https://twitter.com/STORYInvestors

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

Unedited Transcript

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

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Episode Summary:

• FinTwit Conference
• Wednesday Trades

Stocks Talked About In The Show:

CEI, PLTR, GM, VYGVF, PYR, BABA

Guests:

Peter Pascali, CEO of PyroGenesis Canada 13:00

https://www.pyrogenesis.com/

Gareth Soloway - President & CFO, Chief Market Strategist

https://inthemoneystocks.com/

BENZINGA CANNABIS CAPITAL CONFERENCE

The premier gathering of cannabis entrepreneurs and investors in North America returns for a 2-Day Hybrid Event on October 14-15.

Speakers will include $SNDL and other major Cannabis Companies, for more information visit https://www.benzinga.com/events/cannabis/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Mitch Hoch

Twitter: https://twitter.com/STORYInvestors

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

Unedited Transcript

Yo, what is going on? Everybody happy Wednesday hump day. Woo. One of my favorite days of the week still have that Campbell commercial imprinted in my mind. For the camel is walking around and saying hump day two it's coworkers. Everyone's day. I wake up. I think of that, but what's going on guys? This is the power hour.

This is the trade idea show I am ready to get after it. Big lineup today. We're we're we're we're going to do a couple things today. So, so we're, we're going to take 10 minutes and I want to try to run through maybe five names, five stocks over the course of those 10 minutes. Um, And I'm going to open it up with this global question too.

Uh, and, and I, I maybe I'm projecting, but I haven't been trading nearly as much over the past couple of weeks as I typically do. I don't know if you've noticed that AB or if anybody out there has noticed that, but I'm usually pretty, uh, you, you can put me in for, for laying down a few swing trades a week and I'm at close to zero.

Over the past couple of weeks. And so on top of everything, I still know what my positions are doing. I'm closing things out, but, but I'm curious if other people go through that too, like, do you hit periods where you're, you're, you're hyper trading, you're trading your normal level and then you're not trading at all.

And I'm curious if anybody else has thoughts there because that's where I've been, but today's the day. Today's the day to hit some. Let's make some trades, Luke. Yeah, I got I'm ready to go. I need to put some things on and you know, part of the reason why, why is that? What are we doing Saturday, Saturday, we will be in Orlando for the Finn twit conference.

Um, so if you're unfamiliar with fin twit, essentially it's financial tools. Uh, you know, a lot of people have made a name for themselves on so-called fin twit over the past year, year and a half during COVID. Um, and a lot of the big names in the fin twit community will be there. Uh, this event was put on by, by Jonah Lupton.

Um, you know, who he himself is pretty big on Finn. Twitter has about half a million followers. I'm going to drop the link in the chat from the fence bet conference. If you're in the area, um, make the trip out to Orlando cause Luke and I will be there. Uh, we'll we'll be making some live trades in Orlando.

Gotta be crypto. There'll be over the weekend. Crypto. The market's closed, you know, everyone on fin Twitter been talking about Sheba, of course, after, uh, you know, see CEI let's look at CEI today. Luca CEI yesterday had a terrible day, uh, Cambridge energy. This has been more than, so you want to see, and for you, I might be putting on some crypto trades in Orlando live.

We went to do some streaming on world. Let's do it. Yeah. We can check this out. AB look what I just saw. And I just logged into my interactive brokers. Finally, I've been waiting for this. Let me know when you can see my screen. Okay. Trade or popular crypto trade Bitcoin, Ethereum, and more at access through the IB or platform.

I wonder if they have sheep, but you know. All right. So I'll have to figure that one out. Um, but all right, today we have, let's see, we have a little bit less than 10 minutes to smack some swing trades down in the chat. I'm I'm like back I'm back. I'm fueling myself. I'm ready to get after it again. Uh, I'm ready to take on the stress and start laying some trades down.

Uh, so if anybody has setups, you have swings, drop them in the chat. We're we're going to look at them now and, and put some positions on. I already have one queued up that I want to hit producer. Uh, do you know which one that is? Um, I'm going to go ahead and guess Palentier, ticker, a PLT R this is one that we've, we've hit a few different live trades on Palentier is up about two and a half percent today.

I've been watching it. Um, and you know, it looks, it looks strong from a technical standpoint, Luke. I mean, we've, we've had some different periods of consolidation, um, hanging out around this range that it's been traded in for the past six months. So. Um, ever since February of February, the stock ran all the way up to 38, nearly $40.

And since then, it's been kind of traded in that, uh, you know, 20 to $25 range. So the stocks at 23, 20 $3 and 64 cents right now. So, so here, here's the chart on Palentier guys? Uh, we got a huge pop after hours of somewhere in the neighborhood at 10% after hours yesterday, uh, that, that was on the heels of the company announcing a big us military conduct.

Uh, we are sense coming down again. This is a two day chart, five minute candles we're looking at, let me zoom us out. Now, here is our one year chart and, and, you know, we haven't traded this stock in quite a while. And again, guys, if you have swing trades, drop them in the background or drop them in the chat and we're going to check them out over the next few minutes.

Uh, Palentier great stock to sell, puts against, I would say one of my favorite. Yeah. And the stock was performing well off some news earlier in the week that it signed a new government contract. Of course the government contracts are huge source of revenue, um, for pallets here. So I think when both things align Luke, uh, some strong looking technicals as well as some good news.

I love it. I love the trade.

So I'm looking at this 23 levels. There's obviously some support there, but there's not a long history on it and there's not a ton of juice in these puts. Yeah. I think last 23, you get 60 cents. So, so that means your break even on the trade is 20 to 40 and you have nine days on that. That's on that one.

Okay. So Shelly just said someone on pre-market preps that the contract was old news and they just rehashed it. Um, I, I trust the guys on, on, on pre-market prep, but, uh, Luke money, Mitch just came in and dropped us some news. Let's check out GM stock real quick. Cause Mitch says that GM says it will double annual revenue by 2030 to 280 billion in digital push, um, to be seen more like great trade actually to put on in a second here, it'd be.

But keep going. I just remembered one from this morning, I was reading the news on GM. So it sounds like GM came out and said, you know, had some positive news in regards to its revenue. Um, I don't know how the stock is reacting. It looks like it's in the red. So I like th this is news that the stock should be up on it.

It's a stock like GM, right? It's it's not a stock that moves, but it should still be up on this. I love trading news arbitrage. This is one of those ones. Let's see. Is there any analyst ratings out on the. No, when, when is our earnings report. So, so if there's no analyst commentary that's out on this stock, yet it will come after claims like that.

10, five. Yeah. We have nothing yet. This, this is one to, to try to, to hit a lick on with. Yeah. So, I mean, I wouldn't be surprised if we see some analysts come in and upgrade off this news. And then of course, you know, the stock might get a bounce off those analysts ratings. So if we front run the analysts, um, I like.

Um, Mitch is saying he likes his pump. This is, this is my, this is my friend. I named him. Tony. I'm not a real Jack lantern, but I'm looking forward to getting some pumpkins and actually carving them, uh, this fall. I haven't done that the past few years. So this year I'm definitely gonna try to make it a point to go out and get some real pumpkins and, uh, do some carving or I'm hitting a GM itchy I'm trading.

So, so, so, so I'm going 54 calls, 54 strike calls, nine days out, a dollar 15. I think that this is pretty easy money. We will get an analyst commentary on this. W when I'm buying it 50 cents above where the stock is at, we, we, we get a two, 3% move in this thing. We are golden. I mean, we don't need much. And, and, and again, my, my bat that I'm making is that we're going to be analysts commentary out about this one after the close today, or before the open tomorrow, that's going to give us enough of a lift for that two or 3%.

And that makes us a good trade. Two to 3% on the stock. I love it. That pushes that pushes the stock up to 54, 50, 55. We're already in the money. We still have over a hundred. I'm hitting it. Give me opinions. You guys like that GM trade. I told you I'm putting some trades down today. All right. We have time for one more AB yep, we do.

We got another hot one. I'm going big on this one. What is your take? Your digital stock stock is down today. Stock is down over the past several days. Check it out. This is the one-year chart. Right. We, we look now we're looking from April highs down to now. The stock is a third of what it was. Why is the stock down today?

Check it out. Uh, they gave us preliminary revenue for Q3 September. So, so let's look at the headline number and then I'm going to tell you why I actually liked this name off of the news. So, so, so headline number four for Q3 63 to $67 million of revenue is what the company came out and said that they're going to do.

Okay. Compare that to the last quarter, they did 109 million. That's a haircut. That's like what? A 45% haircut, something along those lines, bad year, over year basis. I mean the previous year is almost non-comp. The company has been, been growing so quickly. Um, but, but again, stock is reacting to the. Okay. Uh, but, but here, here's the sentence that I'm pulling out of the commentary that I think makes this, this company really interesting.

As we continue to develop staking capabilities, we expect that reward and yield revenue will generate a minimum of 40 to $50 million of rewards for the December quarter. So that's Q4, that's the quarter that we're in now. We started in October, November, December. So they're saying that they're going to do 40 to $50 million.

Uh, All of this revenue in Q4. Um, we, we did not get the breakout of transaction revenue specifically for Q3, but, but I'm going to say that, that, that if transaction revenue, it used to transaction revenue used to be like 90% of the revenue. Let's say now it's, it's down to half of the revenue. Okay. So if they're doing 30 million.

Uh, in, in transaction revenue, CEO is coming out and saying, they're going to do 40 to 50 million, uh, in, in staking revenue. He wouldn't make that claim if he didn't feel good about it, right. He came out, said it in a public forum, set it in a press release, and now you have to actually deliver on it. There is at least 70 million of revenue right there.

Uh, plus we're getting a nice crypto bull run today. Stock is down. Bitcoin is way up today. Um, let's go and pull up our heat map first. Um, anything of that complex crypto.

All right. So, so, so, so here's our heat map for that reason? 10% on Bitcoin stock is down. Plus we, we, we, we got that news out of about the, the December revenue, right? The guidance takes a second to set in sometimes, but it always matters more for that reason. I like the Voyager digital trade AB yes, no, maybe.

Sorry. I was on mute. I think we we've seen some of the different mining stocks and cryptos Pacific specific stocks kind of lagged behind, um, Bitcoin recently. So I think if we see Bitcoin break above, um, this, you know, $52,000 level, I think this is, uh, on which, which we have in the past two days. So right now Bitcoin's at 54,000.

If we see it, you know, get back up to those previous highs of 16. You know, thousand around there, all these stocks in my opinion, should get back to their, their all time highs. Yeah. And let's talk about the valuation shoot. We gotta go. We're behind schedule already. One more minute, one more minute. One more minute, Peter on from, from pyro Genesis.

Yeah. All right. So we talk about the valuation for a second. Let's just go look at the market cap, a market cap, 1.4 billion yesterday. Today let's call it 1.2 billion on a, on a 10% decline. You have a stock that's doing, we're saying quick and back of the napkin math. We can model it all out the back of the napkin.

We're saying that it's doing 70 million a quarter, oops, 70 million, a quarter four quarters, a $300 million run rate that that's a four times price to sales. And we're talking about a company that did what? 30 million in all of. It's cheap to me, baby. I'm going love it. We're getting back into the trade. Of course, this is one that Luke was in very early.

Oh, I got blocked. Let me try the Canadian symbol. I dunno, man. I don't know. They don't want us. They don't want us to win. Like DJ Khaled would say I can trade the Toronto listing.

all right. There we go. All right. I've rambled on long enough, the, the, those are the trades that I'm hitting. There's two on for you more to come later this week. Love it. Um, yeah, I mean, and look back to your point earlier. I do go through those phases to where I'm kind of hyper trading, making trades every day, and then I'll go a couple of weeks where I don't really do much.

And I think it's okay. You know, I think if, um, you know, you're not trading full time that it's okay to kind of like go through ebbs and flows of trading a lot versus not trading. Um, all right. Look, without further ado, I want to welcome back on the power hour. Recurring guests, Peter Pascali, CEO of pirate.

Genesis ticker P Y R

Peter. Welcome. Welcome back on the power hour. Thank you for taking time out of your busy day to join us.

So tell me what's new, what's new in the pyro Genesis world. Where do I start? A B and I on for crying out loud. We've since the last time we spoke, we, um, we posted the six month revenues of a 60 million, $60 million. That's off of, uh, a full year, last year, 18 and a year before a 4.8. So you can see the trend that revenues is increasing quite rapidly.

Um, we recently announced we've had 13, I think 13 user user items come out in the past two months. All are huge, huge, huge news items. We've um, we added $20 million since June 30th, 20, over $20 million of contracts. We've announced contracts that have been added to our backbone, uh, which had already, I think when we, we announced our backlog, then the box will be about 32 million.

I think that was the last time we published. Everything's going dang close. There's no debt to speak up on our balance sheet. We're sitting on $18 million. We just made an acquisition AB a small acquisition, $4.4 million in the renewable natural gas arena, which is really hot, hot market right now. And, uh, within a few weeks after, after signing that contract, we landed a $5 million deal, uh, in that space.

So very exciting. We're doing multiple deals with multi-billion dollar companies and we're still not following. So you can imagine once people start recognizing us and following us for real, um, excitable, even a quadrant. Oh, but we are in the past few months, actually we were put on the Russel, the two small Russell indexes.

I think it's a small cap in total cap. And that's on top of being in Kathy woods arc, uh, 3d printing, uh, fund ETF so that we were put on earlier this year. So very exciting time right now. Yeah. Yeah. Peter, let's go back to that acquisition real quick. You mentioned so, so what's the idea there? Is that just because you want to get into that field or, or what do you hope to, uh, you know, what does pyro Genesis gain from acquiring that company?

It's a really sweet deal. I mean, they've got a technology which basically repurposes gases that come off of landfill. Into what's called the renewable natural gas and that renewable natural gas is now that they're being bent. So regulatory, the regulators are now mandating that gas pipelines have a minimum amount of renewable natural gas.

And we believe there's not enough of these producers in north America. So we see this Toonami business coming towards us. It's a small company. The guys there were really tired. They're older. They wanted to pass it on to. You had a tough time for you in COVID they did not have the engineering depth or the, or the history of dealing with multi-billion dollar companies.

Like we have the us Navy as our, as our client. We have, um, in every one of our business lines, we are dealing with multi-billion dollar companies. So we have the expertise of dealing with multi-billion dollar companies in there and their expectations. We have a very significant amount of engineers on.

They will not prepare for the generic business that's coming down the pipe in north America. As I said, regulators are mandating that a minimal amount of gas in the pipelines come from a renewable source. And these guys are experts at converting landfill gas into renewable natural gas.

Understood. So, are there any other plans? Um, I mean, I know you mentioned that there's no debt on the balance sheet that you have some cash in there. Um, are there any active plans for that cash? Um, you know, that, that you're currently holding right now. Yeah. So we've publicly stated that we are looking at acquisitions.

Uh, this was a small one. Uh, maybe it was like four, 4.4 $0.4 million. Um, we came with $10 million of backlog, uh, 10 or $15 million of pipeline. Uh, so it was a good acquisition. That's what we're looking for. Things that fit in our target market, which is basically reducing greenhouse gases, all of our offerings reduce greenhouse gases.

I'm very conscious of not, I'm very conscious of how acquisitions tend to be a dangerous, you know, they, they did, sometimes the fit is not good and it could be the ruin of a company. So my background's emergency. I used to do that for the fortune 1000 on wall street in the 1980s. So I'm very careful.

We've looked at several different opportunities in the past. They have to be, you have to be a real deal. So yes, that cash is on our balance sheet and we will put it to good use over the next few months if we find the right acquisition. So with your background and, and mergers and acquisitions, when you're looking at a company.

To potentially acquire, you know, what are you looking at besides, you know, just the standard, finding the financials and a balance sheet. So we're looking at, um, this may sound a little, a tree hugging, but we're looking for also the chemistry amongst the players. Can they, can we acquire them and integrate them into our company with relative ease?

Because oftentimes that'll be a big stumbling block. Uh, you want to make sure that you can step in and actually take it over. It should let everybody leave the next. So, what I'm looking at is an easy acquisition in that sense, but technically we want to be able to add some value. So I believe our team can add value in this particular acquisition by, uh, creating intellectual property, um, looking at what they're doing and improving upon it.

We've got that type of expertise. So we're looking when we make an acquisition, not just for the balance sheet, we're not buying revenues or, or, or, or balance sheet. What we're actually buying is. An opportunity to get into a marketplace in a very significant way, very quickly, and bringing in our, as I said, our engineering expertise and relationships.

Got it. Yeah, that, that makes a lot of sense. I don't, I don't think that, I mean, I think that sounds, um, you know, just savvy from a business perspective. It's not that it's not black and white balance sheet asset. Uh, it's very difficult sometimes to get your head around something like that, but those are the most important elements I believe in.

If it's going to work, right. I mean, you have to have a balance sheet. You have to have the, uh, the assets and the backlog and pipeline, but I'm about aside. It's the other things that will make it or break it, I think. Yeah. So, uh, Peter, I got the pyro Genesis, a stock chart pulled up right here. Um, you know, and I can see that since, you know, around, it looks like mid-July the stocks kind of been trading sideways and arrange hanging out around, um, you know, high three is $4.

Um, w why do you think the stock has been so steady over the past few months? Um, so, you know, it's very dangerous for me to talk about stock price, but particularly, but let me try and do it in terms of how I view the company. Uh, the company is, is much better today, much, much better today than it was at the beginning of July.

Uh, we've added a significant amount of contracts. Uh, we've improved the. We've proven that we're turning profitability, where we came out with our second quarter numbers from a cash perspective, a non-cash me take out the non-cash items. We're operating, operating profitably. So it's trending very, very well.

We were proving out everything we've said in the past. Um, I believe that I, I know that there are a lot of shorts out there that don't believe what we're saying and you'll see. Sometimes we come up with that with a press release. The stock will just take off. And then back down a bit. Um, I still there, yeah, you sit there, so yeah.

So sorry I lost you for a second. I just, I just put you on full screen. Cause you were, you were talking so well that I wanted, so the rest of the time I wasn't talking well, lady, but going back to the stock, I mean, basically we look at these shorts as being what I call rocket fuel. W we have enough press releases and it comes off.

They, they cover themselves, just ends up being rocket fuel. That's what happened. It's happened several times in the past year as we've gone from about 20 cents up to where we are today. So, um, it's, it's holding steady. Um, I believe that a lot of funds and banks buying in right now and when it, when it dips a bit, they, they, they, they, they, they keep it, they keep it steady.

Uh, but a lot, a lot, a lot of news has come out, uh, which, which was not. Obviously their wedding in, uh, in the, in the beginning of the June, we've improved the commerce significantly improves that for sure. Yeah. No, uh, yeah, I mean, it seems like, you know, to me, it's always sometimes like a good sign when you see a stock trading sideways kind of consolidate, and you mentioned there that, um, you think some, some funds and institutions are buying, which to me is always a, a great sign because, uh, you know, anytime that, that someone whose job it is to go out.

And find stocks to put in a portfolio for clients or, you know, big institutions that they're buying that stock. To me, that's a great sign that, Hey, look, it's not just, um, you know, retail traders, like you, you know, Luke and I that are going out and buying this that some real institutions are buying it. Um, I see on the chart that it looks like back in, uh, mid September, about a month ago, we had one day with just.

You know, very out of the ordinary volume. Do you know what happened on that day? Yeah, the pressure is, I can't remember which one. It might've been, uh, an interesting one that came out. Uh, we we've got, um, an opportunity in INR. Palletization. Uh, that's where they concentrate the INR at the source to replace the burners that they use, which are fossil fuel burnished with our, our diesel torches, I've taught plasma torches.

Uh, so our plasma towards zero greenhouse gases. So replacing them will improve the, uh, the situation and earn their, a lot of pressure to improve it. So to make a long story short, we, um, we press release that we had, uh, opportunities there. People are very excited and we, I, I think that was the Preston. I think it was where we announced that we had, um, um, a second client come and bike torches and gave us, uh, um, so they bought four torches for $6 million.

They gave us some insight in that the next, uh, toward the next group of total before like 130, 130 torches. If these torches are successfully implemented in their facility, uh, that's something like it's like seven. $60 million right there in orders. If you, if you use the net present value of seven minutes of torture, it's like a three quarter of a billion dollar potential order.

So that's what kicked it off because it was a second client in that industry. That's going forward with the idea of replacing all their majority of their, uh, uh, diesel burners with our plasma torches. So it's huge news was that.

Yeah. On September 14th, that same day that we saw that big volume came. Um, you know, pyro Genesis announced a $6 million toward order with another major iron ore. Um, pelletizer so, so I guess Peter. Yeah, I, um, and I guess we should've started with this, but since, you know, we've had you on the show before, so I was familiar, but you know, for our audience's sake, can we just back up and give a brief overview of pyro Genesis for maybe some, some new viewers today that weren't there for the first appearance high-tech company, we use something called plasma and plasma.

Uh, a forced state of matter, solid heat. It up goes to liquid, hit up, close to a gas. We hit it, a gas, it becomes plasma. And plasma is like a sun is a plasma ball, landings, a plasma. And what we do is we take gases and we heat them up. And in our torches and outcomes are plasma, uh, plasma, hot plasma. It's like a high-tech hairdryer.

You takes a gas, you hit it up, comes a plasma. So you take these torches and you put them in different systems. And, and what we've done is, uh, we have a system on board, us aircraft carrier, which destroys, destroys their garbage. Uh, we have four basic business lines. Once in 3d printing, we convert wires to powder for 3d printing at GE uses our legacy technology.

Um, so in each one of our business lines, we have about four major ones, which we've teamed up with multi-billion dollar companies, uh, in this particular situation and this particular, uh, opportunity it's one of the. And each one of our opportunities are independent of each other AB so, so we've diversified and the risk of the company.

But in this one, this one's very, very, very interesting because, um, what we've found out is that you can replace the diesel burner at an INR pelletizer. And as I said, our palletizers concentrate the INR at the source before you transport it and how they do it is they use furnaces that use diesel. So furnaces each one of these furnaces can have 50 up to 50 diesel burners and each facility can have like a dozen of these furnaces.

You're talking thousands and thousands of diesel verdicts. And what was publicized because we had a project in Sweden that came out and publicized the fact that three things where they took our plasma cutter. And replace the diesel burner. It was a plug and play basically. So that's easy to install to no loss revenues.

These furnaces don't have to shut down. They don't have to shut down to replace our diesel burner. Their diesel burns with our torches. And third, when everything is said and done, it looks like it's economical to do well. Guess what? These iron or palletizers are under a lot of pressure to reduce their greenhouse gases from, uh, from environmentalist, from the.

From their board, but more importantly, we didn't realize from lending institutions, lending institutions don't want to lend to these guys unless they meet their greenhouse gas emissions requirements. So there was a huge need in industry for a solution. And in fact, there's one on or a pelletizer in south America that put together a $2 billion program to reduce their carbon foot.

Uh, and they funded it with one and a half billion dollars. They thought at one half billion dollar bond, I think it was last summer, 15 months ago. And they're looking for solutions and along comes pirate Genesis, or they never do on them who can actually address the solution economically. And I would suggest the AB just on the side, this, this, this company that put together a $2 billion fund to reduce their greenhouse gases and the carbon footprint are I look at more expensive things.

Because if they're doing something that if something's cheaper, they should be doing that already. So uncle's pyro which can address. We believe we can address the majority of their issues economically by changing out these plasma they're diesel burns with our plasma torches. So it takes time. They're doing computer simulations.

We pass the ordering torches and, um, I have to be careful. I have to stay within public information, but the trend in this industry in accepting our plasma torches is. It's on the ups. It's on the it's on the upswing. Everything we're doing, we're ticking the boxes. We've got their attention. We're moving forward.

This is huge, huge, huge, huge news for pyro right now. Yeah. So I mean, Peter, it sounds like there's some kind of different, um, like facets of the company, different things that companies are doing, what what's currently driving the most revenue right now. Um, it depends. I think it's basically, this is our palletization and draws right there.

The two low-hanging fruit. Uh, we can do it on the back of an envelope and we're well positioned for it. We can pretty much address any order of size because we sub a lot of this out to supply, uh, to, to, uh, to contractors. Um, so it's the draws rate and the pelletizer that I mentioned are the, really the two, the two exciting ones right now.

Yeah. I mean, this is, this is exciting. Cause most of the times we don't know. You know, you know, public companies on that have a product as cool as a plasma torch. Uh, so, so to me seeing this, you know, being able to invest in something that, that will be able to make a, you know, a good environmental impact, um, help kind of alleviate greenhouse gases and something just that's playing out cool.

Like a plasma torch to me that. Um, you know, that catches my eyes and investor. So what we say it is we make sustainability sustainable. And what we mean by that is we believe that if you really want to make things sustainable, you have to offer the client something cheaper than what he's doing. It's unreasonable.

We believe to ask companies to do something more expensive to meet their greenhouse gas or carbon, uh, carbon footprint targets. I believe. We should, as a, as, as, as companies provide something cheaper, that's what we do. We are typically cheaper than the legacy technology and we reduce greenhouse gases.

That's how we make sustainability sustainable by making sure what we offer is better than what they've got. And it reduces greenhouse gases. If you could take away that cost hurdle, it's a, it's a, it's a slam dunk to get things. Yep. Um, yeah, I mean, I think that this is, it's a very interesting opportunity to right now with biogenesis.

So again, um, for everyone out there, ticker is P Y R that is traded on the NASDAQ. Let me get the Benzinga pro pulled back up on my screen. Um, there we go. There's the chart trading right now at around $4. Um, Peter, anything else that you want to add or any can that maybe investors will have to look forward to throughout the rest of this year, maybe into 2020.

Well, we're very newsy right now. Let's say we had 13 press releases in the past two months. If you read them, you'll see. It'll suggest what you could expect going forward. I can't promise anything, but it looks good. And by the way, I like looked down on GM earlier on was excellent. Yeah. I mean, Hey look, we, we, we like to, uh, that's what we do here at Benzinga as we, we break news and we bring news to investors quickly so that investors can, can trade off of that news.

So when we see news, like, With GM and we see this, the stock price, not really reacting as we would expect it to. Um, we, we like to trade off that news. Um, so thank you again, Peter, for coming on the power hour again today. And anytime that pyro Genesis has news, um, reach out to me, let me know. And we'd love to have you back on.

All right. Enjoy the rest of your Wednesday. Bye-bye. All right. Well, that was Peter Pascali CEO of pyro Genesis, ticker Pyr the company is doing some really cool things. Um, go check it out if you have not already. And, uh, yeah, with that, we, we do have Gareth Solloway from, in the money stocks coming on any minute now, just waiting for him to, uh, to join in.

Um, but let's, let's take a look at, at some other, uh, stocks that we've been talking about. Affirm Shelley has pointed out in the chat that affirm is just absolutely ripping today up more than 14% on the day. Um, of course this stock. So the stock went public last or sorry, January of 2021. So at the very beginning of this year, um, looks like it opened around, uh, you know, $90 ran all the way up to 130 came back down, ran again up till around one 50.

And then just got beaten down. And when I say beaten down, I mean, I'm talking, it went from one 50 down all the way to 48. So that's like 68% down in three months time. And then, you know, flash forward here, um, this big green candle here is when it was announced that affirm got the Amazon deal. Um, so the stock came back up to around a hundred dollars, traded down again, and then came back up on, uh, on its earnings on its revenue.

And now the stock has had, had been trading around this range $110 or so, and is up more than 14%, uh, to the $130 range. Let me see if we have any specific news today on Y uh, exactly. So affirm launches, adaptive checkout, bringing greater choice and flexibility to merchants and consumers. So it sounds like affirm is, um, you know, just had made some adjustments to its product or service essentially.

Uh, you know, by now. Buy now pay later and Shelly says she's adrenaline pumped right now. Shelly, let us know how you trade traded us. Did you just have common stock or were you in on a call or how are you making money off this today? I'm curious. Um, the stocks. So I was looking at options for affirm. The options are very expensive because the stock price isn't cheap and it is very volatile.

So there's a lot of implied volatility, which makes the contracts more expensive. Um, but yeah, I mean, so here, we're looking at a two day chart. We can just see how strong it's been today. Um, let's go back out to the daily candles if you're not in it yet, if you're not in the trade yet. I think I w I I'm going to hang out on the sideline.

Yeah. Because this kind of scares me that if we get up to this previous resistance of one 30, um, that we could come back down off this news. But if we see something like a double, bottom, like a bullish pattern, then I think we could certainly break out. Um, I think the big question, the big line in the sand with a firm will be when and how will we cross this previous high of $148?

You know? Cause if we have good news and we break past that, then we could easily see this stock, um, continue to run. Right now I'm hanging out on the sidelines just in case, you know, this trades off tomorrow. After at, you know, after the news wears off. Let's see, Shelly said that she got an out the money call bought $114 call wait, 200.

You bought a $201 call on this show. Interesting. Um, other stocks I'm looking at today, let's check back in on GM. Of course, Luke bought this earlier today. Let's go to the two day chart. So yeah, I mean, it does look like the stock bounced off the news, got all the way up to 55 bucks and then came back down, um, you know, trading slightly trading higher off of its lows, but still down, more than a percent today.

I think if we see that we need to see. Um, continue this strong trend. Um, maybe you get back up to this $55 range by end of week. But, uh, I like the company long-term I think a lot of these legacy car makers that are now getting into electric vehicles will, it'll take a while for, um, you know, the, uh, earnings and revenue and all this to reflect that.

Um, okay. Let's see, Shelly got an $122 strike. There we go. How much was that? By the way?

Let me, sorry, I got to take a second to check in on Gareth. Makes sure that, uh, he's got the links and everything. Cause you should be,

shouldn't be coming on here anymore.

Um, all right, well, let me know in the chat, what you guys are trading at does drop some tickers in the chat and we'll pull up the charts on Benzinga pro um, while we're waiting from Gareth again, Gareth Solloway from in the money stocks, um, should be joining us any minute and, uh, yeah, let's see. Okay. I just got word.

Garris should be joining now, but before he comes on, I want to play a quick little promo. We've got, if you guys don't have any Benzinga swag yet, I strongly recommend ordering some. Um, you've got a swag.benzinga.com. I'll drop that in the chat. Um, but, but check out, we we've just put this together and we've got a bunch of new gear on there.

So, um, go to the swag store, check it out. Let me know what you like. Uh, there are a few, there are a few cool pieces on there. I know Shelly was talking about buying some gear. Shelly, let me know when you're ready. I'll I'll send you a little coupon. Um, but yeah, check out, check out this. A little promo and let me know what you guys think.

All right. I just dropped that link in there for swag appending, a.com. Um, and without further ado, it looks like we do have Garris Salway here from, into money stocks. Um, so I'm going to go ahead and bring them on and let me know again, in the, in the, in the chat, what tickers y'all are trading we'll we'll pull them up on Benzinga pro we'll check out, um, you know, your, the charts and, uh, yeah, without further ado.

Let's welcome. Back onto the

Garrett. How's it going? Welcome back to the Benzinga power hour. Hey, thanks for having me back. It's so great to be here. It's always great to have you. Yeah. So, um, real quick, before we get started, can you just tell our audience a little bit about in the money? Sure in the money stocks, we formed it in 2007, just before the financial collapse.

That was really where we made our name. Considering we positioned our, our members at that time on the right side of the market being short. And we've just been doing our thing for the last, you know, now 14 years and, uh, we're technical traders. We really just try to keep emotion out of. We look at the charts, let the charts, tell us whether to go long or shorter, sit on the sidelines.

And, um, and that's really how it, how it, how it's come to bat to be. So, uh, it's great to be here and thanks for having me, for sure. Yeah. And so, so Gareth, last time you were on the show, we were talking about, um, the China trade I've got Alibaba's chart pulled up and last time, you know, we were kind of in agreement that we thought the stocks had gotten a little too beaten down.

And of course, since then the stocks have just continued to get beaten. Have you changed your tune on, on the China trade? Are you still in the boat that you're like, Hey. Uh, you know, I understand the risks out there, why these have gotten beaten down, but enough is enough. He's got to come back up sometime.

Yeah. So, so a couple of things. Number one. Absolutely. Yeah, we were, we were talking about the bullish potential bullish move up that hasn't materialized, I think more so because of the evergreen situation. There's the worry that there's going to be contagion, not so much in the global picture, but more so domestically in China where the economy could suffer and then, and then investors, or, or, or consumers may not be so into buying, you know, products from Alibaba, for instance, but overall, um, this is, again, the valuation here is just the biggest no-brainer.

Since we talked last, I've accumulated even more. Just a couple of days ago, I picked up more Ali-Baba I love the price action today. Markets are down Alibaba's up yesterday. It had a nice little reversal day. And one of the things that I spotted was, um, Charlie Munger actually almost doubled his position in Alibaba going raising it by 88%.

Um, you know, uh, at $148 a share. I believe he, he picked up almost doubling his share. So anytime you get someone like attached to, you know, um, Warren buffet doubling up their share size and it, you know, to me, Who am I to say, oh, it's kinda keep going down. I mean, these guys are the biggest fish in the room.

We got to trust them. So I'm in the camp that it's going to go higher. I think that again, we'll look back and say, these were generational lows on these stocks and I'd much rather be in these names than any domestic us companies right now, considering the outlook here in the U S yeah. So, so, so let's touch on that real quick.

But before we do that, Um, you, you know, you mentioned that the price action today kind of the relative strength against the market. So if you look at spy, um, let's check in on that, uh, spies down about three quarters of a percent down 77.75. And Alibaba's up. So to you, is that like always a good sign for you?

That if you see a stock that's up when the market is down, you're like, okay, this just show in relative to. Um, you know, that gives you conviction that if you buy this now and the market's up tomorrow, that the, that stock is going to be up, or how do you look at that? Yeah. So relative strength is definitely important.

Um, you, what you don't want to do is necessarily trust just one specific day. I like to see multiple days in a row. We're out at outperforms coming off. And that'll kind of give me confidence that that low was a major, low being put in. So, so today it's great to see. Um, I'd like to see that happen again tomorrow.

Let's say the markets are flat tomorrow. If Ali-Baba could eat out a 1% gain, even that's relative strength that tells you there's accumulation going on there from, from players that are kind of ignoring the overall S and P and the NASDAQ, but specifically buying, uh, names like Ali-Baba. So, yeah, for sure.

Just multiple days of that. You'd want to see. Got it. Yeah, that makes sense. So, um, let's, let's go back to something you said, you know, you, you mentioned the us outlook, um, and I imagine that's going to raise some eyebrows essentially saying you'd rather buy. Um, Chinese names right now than us names. Why is that?

How do you see the U S outlook right now? Um, and kind of long-term yeah, so I mean, the U S outlook to me, it's it's we had this major reopening GDP growth, six to 8%, but all of a sudden, the forward projections for GDP are getting lowered to one to 2% and now you're facing. The, the inflationary bub of 8%, 7%, even the federal reserve said next year is likely going to be another eight, 8% inflation.

And that's just not a good combination. It means that input costs for companies are going to go up. And if people are getting a better jobs, if we're not seeing that the economy is growing, they're not going to have the, consumer's not going to have the same amount of money to buy those goods from those companies.

And that ultimately will be. Um, earnings growth down. So, so again, we've had such great moves in the stocks all the way to the recent all time highs on the fact that these earnings, the earnings growth was incredible because of the reopening trade. Now you're starting to see the reality of after the reopening trade, what it could look like.

And again, we're already seeing corrections out there. I mean, Apple's down bay. We've seen a lot of stocks. I think you'll see bounces, but ultimately I think you're going to go lower. In fact, I would love to show here. Um, if I could show my screen, I think it would be really useful here. Um, yeah, you should see a little little button.

Yep. We got it. Here we go. Check this, check this chart out. So this is the NASDAQ 100 chart and what's beautiful about this is that you were in this channel for the longest time, going really back to the lows in March, 2020. And notice how every time we got to the high end of this trend. And I can even zoom out further.

I mean, look at how far this goes back. It's incredible, right? All the way back here and further, but notice how every time you got to those highs, you dumped out basically down to the low end of this channel. And that's exactly what we've done here. So you hit the high here. You've sold off to Friday. We hit the low, or I think it was actually Monday.

We hit the low of that channel. You should get some sort of technology bounce over the next week or so, but again, Lower lows and lower highs being put in on the market. That is a change in character and change in trend. And I actually think eventually you're going to go below this up sloping, bottom trendline, and actually move quite a bit lower.

So, so I think a bounce in the near-term and technology. It makes sense. Uh, and then, uh, look for a roll over below this. Yeah. I mean, that, that's really interesting. I haven't seen that, um, chart, you know, and how well the QQQ is responding off those, uh, channel line. So it seems like we're kind of at a, at a line in the sand here, where are we going to bounce off that lower trend line?

Or if we drop lower than, than we can expect to go lower. So I have spy pulled up right here. Um, and kind of, I mean, obviously it's kind of similar to QQQ, but, um, it, it seems like we've, you know, entered this downtrend right here and I just, I just want to hear your thoughts. You know, you mentioned, we might see a little bit of a bounce, but that you'd expected to keep lower.

So are you currently short right now, you know, the overall market or specific names? Or how are you playing that? Yeah, so, so just flipping up my spiders chart here, um, what you can see here, and this is a, this is like the game changer for me. And this is something I've been watching for a long time. If you look at the market, basically going back to the March, Lowe's right.

You were just making these higher highs and higher lows. I mean, it really wasn't a lower high maybe. And until you put in this high and sold off, and then if you look at this low, lower, low, right. And that was the first time that happened since March of 2020, where a dip actually went below the previous low pivot in the market.

Then what we saw was a bounce up and you could see here's your high. And now we rolled over and this was a lower high, so lower lows and lower highs. Tells us, there's a change in trend in the market. And that has me overall net short. Now I do have some long plays in my portfolio, such as Ali-Baba Viacom, which has been frustrating the heck out of me, that one.

Um, but other Chinese names I have long as well, but overall I'm short, I'm short names like apple still. Uh, I have some S and P 500 on the short side and some stuff like that as I do expect moves to the downside in the U S equities mark. And when you're doing that, like, you know, having, um, you know, SMP short or is that just like hedging, your long positions are, um, are you, have you sold any of your long positions?

How do you, how do you, uh, play. Yeah. So, so I definitely am a long short trader, which means that in my, in my portfolio, I like to have some longs. I always think there's an opportunity on each side of the market. So, you know, for instance, right now I have the Kold, which is short, natural gas. I think we're in the money decently on that.

Um, right now, but that would be some way of playing a short trade versus being long Ali-Baba were being long, 10 cent or being long, you know, some of these other Chinese names. Um, so what I like about that is that you're able to capture. So if the market has a big. You ideally get some play on your short trades working for you, but also if you pick the right long trades, those could also be maybe not down as much and your portfolio net increases.

Now, this is something that someone with a very small portfolio probably has a little more trouble doing. Uh, but once you get a big portfolio, you, for sure want to diversify out. So all your eggs, aren't on one side of the market, nor in, in one or two trades only. Um, you never want to put yourself in that position where if something happens to a stock, then you're all.

You take a real big beating on that. Yeah, I mean, so, so you mentioned short, natural gas. So how do you see kind of the overall energy market right now? I see some people in the chat, um, kind of going back and forth about, you know, green energy versus, you know, how some countries are doing it. So what do you think.

I guess for, from an investor standpoint, uh, you know, what are the good opportunities right now in the energy? Yeah, so, so natural gas, I mean, it's really a remarkable thing going on with energy overall. So, I mean, we see areas in Europe that are just like no natural gas and natural gas has spiked, ridiculously rolling blackouts in China.

Um, here in the U S we have a plethora of, of natural gas. So price hasn't risen as much, but one of the things that kind of made me more confident on the short side of natural gas over the last day was that if you turned on CNBC, all I heard was about shortages and how the price was spiking. And I'm a big contrarian indicator when everyone is talking about what an amazing move a stock has.

Or in this case, a commodity it's usually at the end of the run. If you look at RSIs on, in this case with natural gas, they've gotten way over done. Um, so things like that really put me on the short side of that natural gas trade. And so far it's been working out beautifully. Uh, I think our average price is $6 and 25 cents on Kold.

It's at 6 98 right now. Um, I still think we got another 50, 75 cents in it, at least over the next day or so as that comes in and again, I'm, I'm a trader that likes extremes, right? I, I view. And stocks as pendulums. And so you have a stock that swings too far, one way, and it gets overbought and it has to swing back the other way.

And then there'll be oversold. And my goal is to kind of short it when it's overbought and then stay on the sidelines and buy it when it's over oversold and just kind of playing that interim level. I never try to say, well, this stock is going to go to a million dollars. Like God bless those people that have that ability to say, Hey, I'm just going to hold this forever because I think it's going to go up forever.

I'm much more of a. Person that thinks that by scalping or by swing trading, small percentages, they add up to bigger moves in the long run. Yeah, I've got this KOL D chart pulled up. And when I find really interesting about this as, as, as we've seen this, um, you know, get beaten down, I guess, wall wall, natural gas prices were rising.

We can see on the bottom here where I have my volume bars, a lot of volume has come in as we got down to. You know, $6 range or so, and then today we we've seen that kind of breakout move, uh, up, up around 19%. So that's a very strong trade there, but, but how about more long-term, you know, do you have like long positions in any clean energy companies or are you more, uh, like what you're saying, you think there will just be kind of outflows and inflows.

Um, from different energy sectors. Yeah. I do think that the long-term, I mean, if you're, if you're viewing for five or 10 years or 20 years out all to energy is definitely where you want to be. Try to find names like QS. I think we talked about before, which is a potential, you know, new, new type of battery for, for electric cars, uh, technology, you know, those would be the ones that you would put a little bit of money on.

Cause they're really high risk. Like if it doesn't work out. Probably a company that goes to zero, but if it does work out and that's, you know, that company could be the next type of Tesla type move. Um, so I think that's important, but for me, yeah. I mean, as, as an investor, I'm much, my longer term positions honestly are like, I have a little in crypto right now.

Cause I think crypto still is going to come down even after the big move. And then I have some gold and those are kind of my insurance policies, where if I wake up one morning to the dollar having collapsed, which at some point, unfortunately I think will happen. Um, those will be my insurance for making sure that my net worth doesn't suffer too much.

Um, but overall I'm a much shorter term trader, you know, I usually hold stocks for days, if not weeks, maybe a couple of months. That's kind of my general outlook. So with, with, with Alta energy, long-term heck yeah. If you have that ability to just sit with it and ride the waves, um, they'll definitely have their big down moves, but they'll also probably net go up longer term.

Yeah. I mean, I, I agree a hundred percent. I actually have some QS and a long portfolio. Um, that just like you said, you know, a couple of hundred bucks bought some shares and if it, if it works out, then, you know, I'll make a lot of money off it. If it doesn't, then it's not a big deal. Cause it's not that big of a position in my portfolio, but I like the longterm potential.

Nice. Um, so, so I see some people in the chat, uh, you know, asking about your crypto thoughts. You mentioned it there that you think some crypto still might go down. Um, even after this big. So you say you think more in the short term that that Bitcoin and the big cryptos could come further down or how are you being that?

Yeah, so looking at the Bitcoin chart and let's pull this up here, is that basically what we have is a chart of Bitcoin that has had an amazing move over the last week. Impressive move. But what you're seeing is Bitcoin has just now gone back to the same up sloping trendline, which we kind of kiss just a, I guess that was about a month ago or so, or a little less than a month before we had that last pull back here that took us down to about 40,000.

So what I'm watching for here is how does it, how does the Bitcoin chart handled is 55 ish thousand level, right. And you can see very clearly. This line extends all the way through this high, to this low, to this low, to this high. And that's where we currently are hitting. So this is going to be a big telltale level for me to decide whether or not it goes back to 60,000, 65,000 or not.

If it can't take this out and hold above it for a few days, then I still think you're going back down. If it holds above it, you could go back to 65,000. But remember. If you look at the previous cycles, right? And this is super important to look at. So let's look quickly at the Bitcoin cycle from 2013, you know, remember this type of price action is very common.

So you could see clearly here, here was your high. In 2013, you had a big dump, a big bounce, a bigger. A bigger bounce and then eventually rolled over back to a hundred. Right. So, okay. So that's kind of in line with what we're seeing with these crazy bounces in Bitcoin that haven't taken out that 1,250 from there.

That would be the 65,000 as of today. If we look at the 2017. Same type of thing, 20,000 high pull back to 11,017,000, or you actually went up here in between, then you pulled back to what could be the equivalent of that 40,000. Then you went up to 17,000 before rolling over. So, you know, again, everyone keeps asking me like, well, you know, when does this become different?

And the answer is the only thing that those sites. Didn't do that. This one hasn't done yet is take out the all-time high at 65,000. So again, in 2012, you never took out 1,250 until much, many years later in 2017, you never took out 20, uh, 20,000 until 2020. And therefore what I'm looking for here is the only thing that would change me into being a, a net bull thinking that you could get to that hundred thousand over the next couple of months, as you got to take out that 65,000 level, if that can happen, that, that negates all the past cycles.

And then you have to say, okay, this could easily go to 65. Yeah. I mean, I think just watching the price action of course, with Bitcoin and the big cryptos in general, they're just so volatile and traders always want to know, you know, where is this headed? But it's. You know, you can look at the technicals, but it's hard to know exactly.

Um, and then w we are run out of time here, Garrett, but I gotta ask, you know, we've gotten some chats about your setup. What, let us know what's going on behind you, behind your, uh, you know, what do you, do you have at 1.1 stock on all different screens or what's your setup look like on, on a. So, so usually a couple of screens are reserved for crypto.

Um, for watching crypto charged from my crypto accounts, I have, um, a couple stock trading accounts that I trade through. Then I have a bunch of charts for stocks. I run a chat room every day that I have to show my screen on and so forth. So it's just, I don't think any trader needs this many screens, unless you're running a business where you're catering to other traders.

And then there's a lot to watch and that's my responsibility, but that's why I have so many screens behind me. Got it. Um, all right, Gareth. Well, we all run out of time today. We've gone a couple minutes past, but you know, I love having you on, so, uh, you know, I'll talk to Brian. We'll find a time to get you on again.

Maybe hearing a couple of. And any other, you know, tickers or anything else you got your eye on? Um, I think, I think again, my, my, honestly, my biggest holdings right now are China stocks. Um, D O Y U uh, TME IQ, Baba. We've talked about. So I think for me again, I'm looking for the hang Seng to bounce the Shanghai.

And again, that's where my lungs are. My shorts are generally in the U S markets. And I think again, for the most part, I'm just looking for that, that move up in the Chinese name. So we'll see if by the next time I come on, if we can have some gains in our Alibaba holdings. Beautiful. All right. Gareth will looking forward to it.

Um, and enjoy the rest of your Wednesday. You too. Thanks for having me. Of course. All right. Y'all that was Gareth Solloway of in the money stocks. I'm going to drop the link in the chat. Um, if you haven't checked it out already. And yeah, I mean, so coming up right now, we've got, get technical with Neil.

Someone was asking, oh, is bio new bio newb? Um, we do have get technical coming up right now. This stream will automatically redirect you there. So do not go anywhere. We will answer all your technical questions in the chat. If you've got any tickers that, um, you know, we want to check out, let us know on, get technical and without further ado, let's go ahead and get technical.

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Episode Summary:

• Major Internet Outages; Stocks In The Red - What Is Going On Today?
• This week's IPOs

Guests:

Matt Hammond, IPO Warriors 2:00

https://www.Ipowarriors.com

Twitter: https://twitter.com/warrioripo

Christian Fromhertz, Founder of Tribeca Trading Group 42:00

https://www.tribecatradegroup.com/

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Unedited Transcript

so, uh, here, here's the market today, you can see it's mostly red with a couple of exceptions. Uh, my portfolio not doing too hot, but I'm not panicking at all. Uh, why don't you bring up, bring up your screen if you can, Matt. And, uh, do you have some IPOs this week? I know we got a couple of bigger ones, uh, tomorrow I believe, and I believe Thursday, a couple on my radar, but I want to know how your week was.

And uh, and then I would love to get your, your thoughts on what is to go to calendar this week. So, uh, I guess we'll start with last week's trays, right? Yeah. So last week I actually kind of sat on the sidelines cause there was a lot of unknowns and, um, general, if I'm not at least fairly confident that I'm going to be watching and taking them.

Uh, this has always been a bit of an evolution. The process has been certainly effective and very profitable for me, but one of the things I've learned is don't force yourself to make trades just because it's exciting and coming off a huge week, uh, the week before, uh, H L T H uh, about a week, you know, the Friday before last week was a huge win.

And I just have to kind of mentally check myself and say, Hey, you know, you have this tendency to take one big, win, feel invincible, and that start chasing everything. And sometimes it's hard to sit, think harder to sit things out when you're not sure after you've taken a big win. And then you kind of get yourself into trades that normally, maybe you would have seen that, that they weren't that exciting, but, um, there were some pretty good opportunities.

Only one, uh, well, two of them that turned out to be winners, but the only two that sort of looked good to me and they weren't phenomenally good plays and some of the more popular IPO's, weren't that great. I'm going to take a look at those as well. So I'm happy with my strategy for, uh, waiting out being patient, you know, buying the dip, uh, on other, you know, on other plays, but that gets tiring when the market doesn't rebound.

So, um, again, trying to say to myself, you know, what is the strategy for the next month or two? Well, I think things will come back, you know, some point in this month and rally into November and December. So just don't hurt yourself right now. Don't get yourself overextended. Put yourself into a margin call.

Don't do anything. That's going to wipe you out, play smart, play safe. And that goes from IPO trading as well. So the theme for this week is we saw a pretty big contrast in the debuts that were, we had direct listings and we had high float versus sort of low float. And as we've seen again and again and again, high float just doesn't translate into a good debut play.

I'm not saying it's a bad company. I'm not saying it's a bad time to take a starter position for a long hold, but I'm really about trying to play these for-profits in one to two days, maybe three days. Otherwise it turns into a bag holding position, and I'm just not going to go near anything that has a float over say 40 million shares because time and time again, we just see that that's too much supply and not enough demand and especially in a cold market where people aren't buying.

We're not seeing a ton of volume on the buy side in the market. That's not a good time to try to play. Against the trend that's, you know, that's been working for me. So, uh, the place that did work were amplitude was the first IPO of the week. And it was a direct listing. And for a direct listing, the float was like 35 million shares, which is pretty good.

Uh, it opened at $50 and pretty much went straight up. So this is the kind of play that I would have liked to be in the market was cold. It was a direct list thing. I just didn't have a great feel for it. And I wanted to play things a little bit patiently, so I missed it, but I, you know, in retrospect I might've played this at the market was stronger and, uh, you know, you miss some that's okay, but this is exactly what you're looking for.

You're in, at 50 spikes right up, you can take half your position out on the initial run. I would like to usually play this with a trailing stop loss. So, you know, maybe want to, you know, as it gets over 51, you set your stop loss at a base of 50 50. Uh, if it doesn't, you know, continue up, you get stopped out for what I would call a non loss, uh, slightly.

And if it does run you just, every time it breaks through a dollar, now you bring it up to bricks over 52, you bring your stop-loss up to 51. It breaks up to 52 50, maybe come up to 52. I mean, I love this kind of, I love being in this kind of trade because there's no heat. It's just straight up. And eventually we get stopped out probably maybe 54, 50, 3 50.

That's a good opening when take out half your position, you're already, you know, winning and you can kind of let it run for the rest of the day. What you're expecting or you're hoping for is one of these end of day kind of moves up and we've seen time and time again in the final minute, a spike and the spike I like to set, you know, I might, if I had been in this, I like to think that I would have set a, uh, limit order at say 54 95 or 55 95.

And let it get triggered on the, you know, in that closed right before the closing. This was a pretty solid stock going into the close. So if you have to hold it in after hours or day two. Okay. Um, but this was, I mean, I would love to have been in this play because this is exactly the kind of play that is very easy to trade.

Um, ex CNCF Shia Excentia Esai. Uh, I did take a play at this one. I got in on the debut and let it run up a little bit, but given those market conditions and that this is a little bit too similar to some of the other AI driven drug discovery platforms. I didn't want to take a loss. I didn't want to be sitting in anything, you know, so it opened a 27 15, once it moved up to about 27 50, I put my stop loss at 27 25 and ended up getting taken out right before it ran.

I'm okay with that. And then I didn't have a lot of conviction in this one. So I basically said, look, if it goes straight up, I'll be in it, but it doesn't, you know, I'm just going to get out and put my money, you know, take my money back. Tiny when you know nothing to cheer about, but he did stay in it. If you like the stock and you set either a trailing stop loss, maybe you got out at 29 or 28.

Nice little win. If you, the other, the other strategy here is to say, okay, well, stocks had open it. Or IPO was the debut at around 27, often peak at 29 or 30. Those are kind of the two resistance levels that we see. And you'll see this one hit resistance rate at 29, uh, off the first run and had enough power to actually push over 30.

So if you put your stop losses at 28 95, uh, 29 95, and I stopped losses limit orders, and those get taken out, you know, great. You've taken a nice little, two or $3 play. So again, this one gave you a nice, comfortable runner. Um, you know, you didn't want to be into it too long. Uh, didn't give you that end of day run.

A lot of times, what I look for is people look here on amplitude. It ha it peaked. And then. Held this like baseline, once it holds that baseline for a good hour or longer, that to me is a strong indication of a day two or end of day push. If it baselines, if it's not a flat baseline, it's more like choppy like this.

I'm not so confident about another day run. This is not, um, the kind of flat baseline that I like to see, even when a drop sometimes it'll, uh, baseline before run that baseline. That holds that to me is a good indication of an end of day run this kind of like up and down, up and down trading in a range, not as strong of an indication.

If you did hold a few. So half out here, uh, maybe you give it to maybe get taken out here. You know, you're had lots of opportunities to take products. And let it run. You've already taken a nice little win here, and you're going to get rich off this trade, but pocketing these little one to $3 trades. If you're trading with, you know, an and no matter what all, what your volume is, you're going to incrementally grow your, uh, your stash.

But for me, I'm a half positions, about 500 shares, a full position would be a thousand shares. So if you're taking, you know, 1, 2, 3 points off a thousand shares, you're putting two or $3,000 in your account and you stack up, you know, four or five of those in a month, and you've made a good little, uh, you know, a good little income, uh, first watch registrar group.

I said, I wasn't interested in this one. And I don't mind that I missed it. It did turn out to be the, like the best IPO of the week. Last week opened at 21 was a little rough out the gate, but the low float, this was like, I think I'm back in my notes. Uh, this was 9.4 million shares. So again, low float, you know, means a lot on this place.

If there's any kind of demand, not a lot of stuff going on in the market. People said, okay, well, low float IPO. I'll play it. And maybe for some people it's their favorite breakfast or lunch place. I've never heard of it, but, uh, it did go up. Maybe people were comparing it to Dutch brothers. I don't know. Um, but it did go up.

It gave you 10% when on day one, if you kind of nailed this peak or hit 23, again, that $2 move at debut to Tony one, I'm looking for 22 or 23 for a quick kind of like relatively easy win. Uh, if you did really believe in this and help through that day to run, uh, somehow it got media coverage or something overnight ran up to 25 46 this morning, which would be a 20% win.

It's a pretty hard play to make, especially, you know, for me, I don't know what this company. Nope. I don't know much about this company in terms of, I don't have any brand association to it. So not an easy one to catch on to some people probably do. And did well on it. And this was just a good example of a low float IPO that, you know, they're pretty well.

Um, and let me just, I want him to go over. Cause there were two high float IPOs that give us something to learn from why high float doesn't run. Um, for me, high float is 40 million shares or more. It has to be really, really strong to push more than 40 million shares, average floats about 30 million shares.

If it's a good company, a solid company with 30 million shares, I'll say great, play it. Uh, if it's a strong company, if it's kind of a strong niche-y company with 20 million shares, I'm more excited about it when they do anything under 10 million shares, I'm going to pay attention. If it's not like an obscure biotech, uh, there's a pretty good chance that you're going to, I would say a better chance than not that you're going to get an upward movement on, on demand.

If it's less than 5 million shares, it's almost a catalyst in itself because. IPO traders are like my 3 million shares happy to go down. Of course, sometimes they do, but more often than not, at some point you get a pop. So the reason is very fundamental, you know, supply and demand. If you have really high supply, you need even higher demand to make the price go up.

And so if you have a lower trading volume to the float ratio, then, um, you know, that's even worse. So you want the volume to be high compared to the float ratio. So if the float is 5 million shares, you don't need a lot of trade volume to make it go up. But if you have a really high float, you need a lot of volume.

I mean, D was such an obvious, uh, for the Chinese, it was 300 million shares. It was, I think they upped it to like 330, you know, and some of the, you know, celebrity pundits were out on, you know, NBC going, oh yeah, by all that you can. And I'm going no way. As you see it, the higher the flow with the harder it is to move this stuff.

Well, that's usually how it goes. And it's one of those it's almost self fulfilling. You knows IPO traders like me, look at that high float and go, nah, nah. You know, so that automatically takes out people who would otherwise try to flip it. And, and two examples we'll look at real quickly are Warby Parker and Ola Plex.

So we're B Parker got a lot of coverage, is that DTC direct to consumer eyewear. And there were seven point 77.7 million shares and it was a direct listing. So it opened, it opened up here at 54 11 kind of tried to like get gone. But you know, there's just so many shares and it just can't move up. It'll move down before it moves up and it kind of held its own move sideways, but you weren't going to make money on the street.

And if you didn't sell, you know, you're kind of stuck bag holding into day two. Now it's kind of come up and, you know, it's a direct listing. So we think, oh, the pricing's probably more fair to the retail trader than a direct listing. Uh, But it's still, it's a huge volume and a cold market. Maybe this goes up from here.

I would, if I had to guess, I would say, yeah, sure. Maybe a better chance that it goes up a little bit then down a little bit from here over the next weeks as the market returns and people go, oh yeah, Warby Parker is a solid business model. Um, but it's not an IPO play for me. Uh, all a Plex is interesting because this is a very solid company, uh, in terms of growth, something like 400%, uh, revenue growth and profit growth.

Forget which one that was, but, uh, was getting a lot of hype and social media. A lot of people are going, this one's a great company. I love their hair products. It's amazing. They, you know, their numbers are so much better than L'Oreal, which they are. Um, but at seven they upped it from 67 million shares to 73 million shares.

And that's just too much. I mean, there's just, no, you know, it actually managed to kind of swing here. And opened it at 25 and gave you a chance to kind of take, you had to be real quick with it. Um, but it did swing up to 26 50, but that was kind of the day traders in the hype traders who were trying to pump this and trying to get people excited about it.

I know that there were trading groups going, we're all buying all Applex who's in, you know, me, me. Yeah, let's do it. I'm like, yeah, but there's not how many of, how many of you are there? You know, there's not enough, there's more shares than there are buyers. So even with strong demand, there was more supply.

And we saw the effect of it just, you know, high float debuts, they just run out of steam. Uh, we saw this with things like, you know, Palentier on the initial day, went up from 10 to 11 plus, and then just, um, Uber 44, I think opened up 44, traded up to 45 and then down Coinbase was like, Ugh. You know, when I opened it, 3 85 went to four 30 and then just finish it.

3 55 or something. And then it was just down from there. So high flow, even if it's a hype name, even if there's a lot of brand recognition, high float, almost never works. I struggled to think of one that really worked well. So, um, to me, over 40 million shares, if it does go, you know, go up, I'm okay with missing it.

It doesn't fit the pattern that I'm looking for. I can't play with a lot of conviction to begin with. So, um, he'd have to be something really special, maybe a Stripe, uh, when they debut has 40 or 50 million shares, I'll say, okay, whatever, everybody's going to buy Stripe. But, um, you know, the most case, it's a red flag.

Okay. This week's IPO's, we'll just skip the list and jump into them. Uh, I fit health and fitness. This is the company that makes Nordic track pro form free motion weeder, and they have a subscription base and a workout content from home type of setup. So the obvious comp for this one is going to be, um, two pellets.

And even though Peloton is products, I'm not going to get into a, which is better, or why they're different. I, for the life of me have struggled to ever make an order track, make sense of an order track. Um, th th there is a, there was a article in the Washington author on Friday, just all about Peloton fatigue, right.

Everyone bought one. And now that I use it and that, you know, oh, they make a great gift, you know, and like new year's resolutions and Christmas, I'm sure people buy them and all that. But, um, no, I work out, I go to the gym and do my running. I, you know, I've had weights and stuff at home and I don't need to spend that kind of money to, uh, you know, to get active.

I don't know if it I'm sure it helps other people. They do have 6 million members and 1.5 million active subscribers, uh, you know, the revenue's up 104% gross profits up 120%. So. Maybe it doesn't matter what the people don't use them so much, unless subscriptions really are a bulk of your business. If people are buying them, that's great.

And they are pricing this IPO at a 43% discount to Peloton based on sales and an 82% discount based on EBITDA. So I think that, you know, as sort of a, uh, you know, getting to Peloton has been one of those hot, almost me mish stocks, and that sort of association with this kind of valuation makes me say, Hey, this could be one of those IPOs that does pretty well.

The floats standard 30 million shares. I will probably watch it to see how many people were talking about it. If they increase the float or increase the, you know, how high it debuts, uh, compared to the IPO price. But it does have that brand name recognition. It does have that chance for a day to immediate run.

And if the market starts to warm up a little bit, uh, you know, by the middle of the week, this is something that. I'll have my eye on and maybe take a half play or try to undercut the, uh, the debut bid and see if this gives us a chance to take a, to take a few points. So kind of like this one, don't love it.

Uh, healthcare triangle group, this was rescheduled from last week it's cloud and data management software for healthcare and life science organizations. We've covered a lot of IPO's that kind of sound like this. Uh, the revenues just 20 up 20%, uh, in the last six months, gross profit of 32%, which are good numbers, but not great for like a software IPO, not red, hot, not screaming.

Hey, you got to play this. And with an operating loss, negative net income, negative cashflow, those are sort of warning signs. We tend to like playing the ones that have either swinging towards or moving towards, uh, you know, positive numbers on these three. And you know, the only thing really going for this one is the low float.

You got 9.1 million shares. And that oftentimes is enough to get things going. So kind of have to watch this one, but I don't love it. And right now in this market, I'm sort of playing cautious rather than playing aggressively. So if I was being aggressive, maybe I like this one for this week. I don't know if I missed it again.

I'm okay with missing. I'd rather like really nail the winners and miss some of the okay ones. And once in a while, you're going to miss a winner and play something else. That's still a winner lifetime group holdings. Interestingly enough, we have another health fitness. Okay. How many of these can we, could we have, man, this is ridiculous.

Ridiculous. Now we are getting a lot of healthcare. We are getting a lot of fitness. There was barbecue grills, like a few weeks ago. It's cause they all, they all saw what happened at Peloton and they're all chasing. Yeah. And they probably also realize that now is the time. I think that some of this is like six months ago was the time where that now was the test six months ago is the time for them to begin the filing process, how they're getting to the market.

And they all push things back when things were cold and August. And I mean, more, the market was kind of cold in August and a lot of appeals got rescheduled, but this was a formerly a public company. They do. They're basically like high-end gyms and they own like 125 gyms around the states. And it got the, actually the insiders bought it out a 73% premium to take it private in 2015, uh, the numbers were starting to look even better in 2018, 2019, and then COVID hit and they got smashed.

And the only kind of angle that I can see to this one that makes it, you know, if I were to play devil's advocate and say, well, a lot of gyms went out of business and these guys held, held on and now they're raising a bunch of cats. So maybe there are the best position, Jim, you know, especially luxury gym for the reopening opportunity.

I don't know what they're going to have to do about people who bought two year memberships and couldn't go to the gym for six months if they're going to be reimbursing them or extending them for free, or just saying, well, you know, tough luck, you know, it's hard for us to, uh, the thing that makes this just not interesting for me is the 46 million shares.

That's kind of like could have just, and if not even bad, hi, it's me. Maybe it's major bugs. Well, here's my number. It's four 40 ha it has, let me put it this way. It has to be really a really compelling sell over 40 and high-end gyms. It was nuts, really compelling to me. Like, are you excited to go out and buy this?

No, no, no, not, not at all. Okay. Singulate um, improved drug delivery technology for ADHD treatments that are already approved. So they take, uh, treatments that are already approved for, you know, attention deficit disorder and, um, improve the delivery technology. I don't know, uh, 4 million, 4.6 million shares.

Maybe it's a low float target, but, uh, I don't know. I don't know. I think that ADHD, I dunno, almost people either taking inhaler, take a pill. W how much are you? You know, it's not like people inject this, right. So how much would I don't get it? Biotechs tend not to play. And this one doesn't sound particularly exciting to me.

Um, and I say the same thing for this one. Thesis pharmaceuticals, preclinical cancer focused on gastric cancer, 8.3 million shares. Um, pharmaceuticals. I mean, w we'll just touch on it really quickly. The reason that I generally won't touch them, is there a long way off, especially if they're preclinical from any major catalysts, a dilution is imminent as they, you know, hit targets and you're pretty much, they're very binary plays that take a long time to play out.

Uh, either they get approval and they go way up or they don't get approval and they go way down and you're waiting a long time, either way, uh, for them to go anywhere. And once they do go somewhere, they're probably going to do a follow on operating, you know, offering for the next level. And then you're sort of sitting there, you know, and I just don't see a lot of, I haven't had a lot of success with them.

And every once in a while, I'll talk myself into one. There are some this week that maybe I will, and sometimes they work out, but more often they don't. And then you're stuck in something with very low volume, tricky. I don't like them a Vulcan, this one's interesting electric power sports vehicles. We're talking electric, dirt, bikes and ATVs.

They're not street legal, which is one of the things they're kind of like, but they are like, they're, they're like for farms and for P for off-roading. And they've gotten a lot of press like a Barron's Newsweek, uh, like auto world. There was, I mean, their press section on their website. Their website is very basic, which I don't love, but it's not terrible.

Um, but they're like the really low price points. I mean, they have two versions, two electric dirt bikes right now. One is 8,001 is like 2,500 and have a pretty good range there. You know, they look pretty powerful and fast. I mean, they're kind of cool looking and the story might be good enough for 3 million shares to give a, give it a pop.

This is the kind of IPO that the IPO day traders and the trading group. Kind of key in on so 3 million shares is almost takes almost nothing for this to move up. So if it starts at a $5 or something like that and goes down at all and you add a little bit more or you start a position down there and then people start buzz, the social media, watch Twitter.

If people start talking about it, it's going to go up, it's going to have at least one spike. So I watched these because I've done really well on super low float. And this is a very low float, just 3 million shares and almost, almost all the super low flows that aren't even a lot of the biotech ones that aren't biotech, even easy fill, which was like that delivery gas, you know, guest system had a, you know, had a decent pop was one of the, I don't know, to me, it sounds like a really unprofitable business, but these guys do have, uh, you know, they are accepting payments for pre-orders, which is, you know, and, uh, you know, it was more than a lot of E V companies can say, so, uh, I know I like this one or I'll at least start a position on this one on the debut and see what it does, uh, but give myself some room for, for doubling down.

But these low float, interesting story debuts almost always have at least one, uh, kind of very fast spike in them. So as long as you're ready to take profits and not, don't get too greedy, uh, these types of places have worked out. I so plexus, ISL, this is a medical device manufacturer. It sounds pretty cool.

It's way over my head. Um, but a single cell analysis and it's used by the top 15 global biopharma companies based on revenue and nearly half of the comprehensive cancer centers in the U S so it is, you know, when we see these medical device, you know, we had that other one, uh, last week, it was, uh, that we called out.

It was, um,

Anyway, I don't want to forget which one it was, but we liked it and it did really well. And, uh, it, part of it is they have like consumables. They have, uh, the trays that they use, for example, for the testing are single use. So they have this kind of recurring revenue. Uh, the total addressable market is $34 billion.

Uh, revenue was up 103% the last six months gross profits up 112%. So they're good growth numbers, but they're offering operating profit is also expanding or is like the loss on their operating profits is also expanding. And it's pretty significant. So it's not without danger, but it is low float. And that's me adds up to something that could be pretty interesting.

I think I will, again, maybe take a half, but play, maybe undercut the debut. Not going to go too aggressively on this, but it is. It does sound strong, does sound interesting. And that often is enough when the float is just 8.3 million shares to give you a good opportunity to grab, um, you know, a 2.3 point win.

And, um, the one thing I would say is any kind of biotech play, I will not want to be holding onto it into today. Two, they just kind of get forgotten about volume dries up and you're sitting there, you know, just struggling to get out with a huge spread between the buyer and the ask. Um, you know, even the spread can be the difference between losing money or making money on the trade at any given time.

And I don't like that position cognition therapeutics, uh, this isn't Alzheimer's and macular degeneration drug. So they have compelling early stage trial trial results. And Alzheimer's has been one of the very few like cancer drugs are a dime, a dozen. They're just, there's nothing to differentiate them in most traders minds, but Alzheimer's, for some reason has been a really hot trend.

So you've got a promising early stage Alzheimer's drug with a low float. It's kind of like if I'm going to break my rule about playing biotechs, you know, especially pharmaceuticals, this has the pieces that I would be looking for. And it's really a question of, are other people talking about it or does this go under the radar?

No one else is talking about it. I don't know, but we saw things like our NAS a few weeks ago, which was a low float, something cancer related and it went on a couple of really strong runs, rebounds so low float Alzheimer's compelling, early stage trial results. That might be enough of a positive story for trading groups to buy in early, pump it and dump it.

So again, I play it. I won't hold it long. I will definitely not be holding anything in day two. And, uh, Pay attention to these because you will notice trends in the, um, you know, in the different IPOs, in the different market types. And there are some patterns with in biotech and pharma, even though as a group, I don't like them.

There are some things which would indicate, uh, when opportunity picks us oncology, preclinical novel antibody, conjugates for lung and breast cancer also discovers monoclonal antibodies. So that part is the interesting part, because anything COVID related like monoclonal antibodies has done well. Uh, they have licensed two proprietary, uh, product candidates from Pfizer, which kind of shows that there are playing with the big boys and the float is pretty low.

But, um, I dunno if monoclonal antibodies and the low float together will be enough. It's Friday. There's other plays that I might like better, but, uh, I want to watch this and just see what it does. I probably won't touch it. I think it might do well, but that's not. Reason for me to jump into it. Uh, there was one something a little bit kind of in the vein of things we've talked about before, and this is a little bit out of left field, but we talked for awhile about stealth IPO's, um, and stealth IPO's are these low float Spencer, you know what I'm talking about?

Right. I know exactly what you're talking about. We're talking WMW, UTME MIT, Q a fast forward a day or two later. And it's like the number one most traded stock. Exactly. Just these IPO's that you never heard of. They were purposefully under unpromoted some random Chinese company debuts at five or $6. And then all of a sudden is up at $30 and you're just like, what is this?

You know, what are they selling? And it's some random, like EJH was home cleaning services and they come back down, you know, almost as fast as they went. Um, but they do these random pumps, spikes, and all the investigation that I've done and everything that I've looked into on these has narrowed it down to a few possible answers.

And the most likely one is that they are scams to move money out of China, into Western markets. You got a much, you're a rich Chinese guy, you got a girl, you got a ton of money locked up in China. It's very difficult to move money from China to America, especially under this administration. But one of the ways you can do it is give a bunch of, you know, give a few million shares to your cousin in New York and, uh, just buy them, buy as many of them directly from him as you can.

And by pumping up the price, you can move a lot more money, a lot faster, and no one else is gonna buy, um, you know, uh, Chinese cleaning companies shares for $30. Uh, you know, Uh, so you're going to be able to buy a lot of them and move your money from your account in China, to your cousin's account in New York.

And these scams, you know, have taken on a number of different, uh, you know, iterations. And one of them was we saw towards the, you know, right before the Chinese locked down was that they were running up the price in the pre debut. So they priced the IPO at $5. I think JZ XN was kind of one that we really noticed.

It was priced at $5 in debuted at $45. And this wasn't like, there's nothing interesting about this company and the only person who would possibly pay that kind of money was somebody who was trying to move money from one side to the other. And, uh, you know, that flow, that opportunity got cut off when Chinese IPO has got stopped.

And so what did we see? We saw, uh, the underwriters, the main underwriters that we've seen doing these are boasted securities. Sutter financial, which is a sister company to boasted and network one financial, which has done, uh, you know, co underwritten, some of the same IPOs uses the same lawyers. So they all, you know, they kind of seem to be operating in a sort of a cabal.

Um, but if you remember a couple of weeks ago, we saw FCU V do an uplifting and FCU V was some kind of 5g chip thing. I didn't pick it up until afterwards, but you look on their website and you go to the team page and it's three Chinese, you know, doctors and, um, you know, or like, I don't know, electrical engineers or something.

Um, but you know, if I had made that connection and I said before we covered it on the show, cause it looked interesting because it was a boasts that underwriting, we said, keep an eye on us. Let's see what it does. And if I had made that connection to China beforehand, I would have been more aggressive in playing it.

But FCU V debuted, uh, you know, uplifted trades pretty much sideways the first day. And then on day two, went on a 500% run from about $6 to 25 to 25 plus and afterwards like, oh yeah, I mean, we knew something might happen, but something totally did happen. So after that I said, all right, I got to keep an eye on anything.

Boasted touches related to a Chinese company. My hypothesis is they're going to go back to one of their previous stealth, IPO park, uh, you know, partners and do some kind of followup offering or an uplifting. But I was looking specifically for a follow-up offering something that looks a little bit weird, some kind of totally random company.

And they're gonna do some kind of offering because they have clients in China that are debt more now, now more than ever desperate to get money out of the PRC and into the Western markets. And this is one way that I could see them doing it. So. Thursday last Friday, I got an alert saying boasted securities is doing a direct offering, uh, with P E T Z, which is some random Chinese pet food company that has a history of irrational runs this company when it did its IPO in 2017, going back and look at it, looking at, it looks like one of the original stealth IPO's IPO did about $5, $6.

And within a week was trading over $30, uh, and then came all the way back down. So, you know, clearly a, uh, you know, an unjustified run. And then in February of 2000, the February 17th, 2021, it spiked from about $2 to $3 the day before, and then ran up to 14 and then pulled all the way back down. Yeah. So. Uh, you look at it and it's done a few random spikes up, you know, it's generally traded between two or $3 and then randomly spiked over $4.

So this,

okay. Did we lose Matt? That would make sense. What's that? I'm here. I thought we lost you. I thought we lost you. W w it would make sense. Cause we were having all kinds of technical problems today, but we got you back. No, we did not get, Matt is frozen. All right. If Matt unfreezes all right. He owned it froze.

Alright. Nope. He froze again. All right, Matt, I'm going to say goodbye. I know you can finish your thought, but we got, we got, uh, our next guest here and yeah, the Grambling man, what can I say? The internet is run off like three different websites that make control that it's already anyway, I don't want to.

Okay. Matt had guys joint is every week. IPO warriors.com. Previewing. What is to come in the IPO calendar, offering history and ideas and how he will play it. I pick it up. I'll put the link up on the screen. Yeah, let's do that right now. Uh, BA there is IPO worries. Dot com. Check it out, Matt. Thanks a lot, man.

So I can kind of finish your thought, but while I talk to you again next week, uh, Hey, let's bring out our next game. Christian Fromm Hertz. He is one of the best follows on fin Twitter at the find it, uh, at I'll bring him out of here. Christian. Do we have you? We do. Hey, how's it going? It's one of those days, man.

One of those days. Oh man. Are you, are you seeing widespread outages? One second. I'm having a little bit of technical difficulty. I may have opened up a session twice, so I got some major echo here and I can't seem to get rid of. Okay. Fair enough. All right. Well, I'm going to keep talking, I guess, even though I don't hear that called ammonia and Christian, so up and now he's gone.

Yeah, it was funny. Like for a second, nobody else was able to get. To this stream like Christian couldn't get in Mitch, couldn't get in a bunch of guys here couldn't grow on. They couldn't get in. And those people are at least able to get into the stream now, but I was about to end, just end the show because nobody else could, if you weren't here, you couldn't join.

Alrighty. So it looks like that is okay. I mean, I see a Mitch's backstage, uh, just hanging out, looks like Christian was able to join, which means he will be able to join the gain. I, I would hope, uh, I hope we do get technical today. Neil is going to just hop on this stream. Probably. I hope we do get to have to go.

I hope we do moon or bust. Um, I hope we do at the close with Joel and I, uh, but I don't know, frankly, we're having all sorts of problems today. So wait of seeing something from, from, from Aero Thomas, uh,

Okay. Anyway. All right. You know what? Let's just go back to the markets. All right. It's fitting that we're having gremlins today of all days, because let's go to a, uh, uh, Benzinga pro here, but a big boom. Actually, no, let's just start with crypto. Okay. That you start with crypto. This is what I was sitting at the top of the hour when I thought I was live.

And I wasn't, I was talking to myself. I was saying at the time that I'm, I'm done with crypto as a hedge, I am tired of people saying crypto is, that's not a reason to own crypto, in my opinion right now, since, since I said that to myself, 45 minutes ago, Bitcoin has decided to go green today, but being a hedge for stocks.

He's not a reason. I think crypto, because more often than not Bitcoin Ethereum Cordato they do trade down on days when the stock market is lower. Why? I have no idea? Is that a window? I have no clue. And now that this being said, Bitcoin has turned it around for the moment we just spiked, at least in the future is up to 49 to 75.

Let's do a quick refresh here, here. You don't match. You want to come on and just Hank? Yeah. What the hell? What's up, man.

God turned the mic on there. There you go. No one else. No one else is able to get into the stream. It's just me and you. I don't know why. I think it was because it was my stream to begin with. Maybe I'm just it's snapped in me. Like I got it in real quick, but Hey. I have no idea. Anyway, uh, so my rant against Bitcoin as a hedge has been proved wrong from the moment cause it is green for the day.

Uh, but a theory from Carr Dano, Solano by Nicola, white corn, all down with this actually more your stock market. So crypto crypto being a hedge. Now there are many reasons to own Bitcoin and crypto. A hedge is not one of them and of soapbox. By the way, you can get $50 in Bitcoin for free. All you have to do is download the voyage wrap, fund your account with a hundred dollars.

Use the promo code SIG make you frustrated when you do that. $50 a Bitcoin for free in your account. That's like a 50% return just to start off. It is, it is uh, oh man. ATT outages, Google Facebook. It's horrible right now coming to, uh, uh, how's the overall market. How are we looking? Well, let's see, we are near the low of the day.

Let's go to some sharks. We are near the low of the day in everything in all the major indexes. Right. We'll go to the spa. W we'll we'll start there. I can't obstruct. It starts giving up. It's just died. Let's try it again. Let's refresh. Yes, it works. Okay. There you go. Okay. It's one, it's one of those days.

All right. Oh, wait Christian, are you back? I think Kristen's back. Let's see. Bring them on Christian, uh, back. Hey, ah, what a day? Well, so, so what happened was I had, uh, another session running in the background and it had like a delay of two or three seconds. So I was like, there's no way I'm going to be able to understand which one is correct.

So thanks guys. Bye. You know what it's it's you two, the only people that are able to join this stream for some reason, no one else is able to, I don't know what's going on, Christian. We got 800 allergies. We got stocks on the red. What is going on? Yeah, yeah. A little bit more volatility than, uh, then I was looking for, you know, coming into today.

So. Um, I don't know where you guys are at, but we can talk about the industry's first. That's a of the day let's start there. What's that? We're at the end of the day, the spawning of the QS, almost the Russell let's start with the indexes. All right. Let's let's uh, do that. I can share my screen. Right? Let me, at least we could still do that.

Let's get that gone. Sheriff's screen.

How we doing? Yes. I see you. All right. So, you know, unfortunately I, can, you, you guys got to have me on when it's a little bit better price action than this, unless you're super Barrett. Wait, wait, wait, wait, wait. I thought you love volatility. I, I do it's night. Um, just not days when you kind of come in a little bit with when you've got physicians, but it's great for day trading.

Unfortunately, I'm more of a swing trader. Got it, got it. Got it. Got it. All right. What we've got here is a chart of the S and P futures. Yeah. So tell us what you're seeing start with. Um, we'll start with just the daily chart and, you know, I was looking for 43 35 to hold. So now that this didn't hold for the day, uh, we've got, uh, we've got a mess on our hands.

Um, so what I kind of looked to next, um, knowing that we've broken that is, you know, how much more damage are we going to see here in the short term? And we don't really know that. Right. And, um, but what I do look for is some type of level where I can say, okay, um, if we hold this, it's, you know, we could possibly, you know, that that's one thing that's positive.

So we haven't been able to hold 42 92 either. So these are my levels that, um, unless this old, I want to be more defense. Um, we have not taken out the lows from last week and S and P futures, but we're, we're pretty darn close. So, you know, I think this is an area to be defensive in, um, NASDAQ of course, you know, which is, um, clearly seeing an unwind today.

I've got a level of the watch and NASDAQ futures down here at 14, 3 54. That's coming into play pretty pretty quickly. So for now, um, you got to try to like sit on your hands, or if you're, if you are getting into the market here, you know, I think it's best to, um, you know, to, to be, you know, using pretty tight stops.

Um, And then going from there and kind of watching to see how things, you know, um, settling, all that being said, Christian, it is paid to buy the last two or three or four depths at every well, every dip, but especially in the last couple of weeks and we we've actually gotten some dips. Right, right. And that's absolutely true.

Um, but I, you know, sometimes the dips are a little bit bigger than, than the normal dip and, you know, coming into this week, I thought, Hey, you know, same, same exact thing is, is what you just said, Hey, we've got. Um, we've got through September seasonality, which is a horrible month, you know, it's the worst month of seasonality, but October can be rough too, especially like parts of October.

If you look at the seasonality, which is again, it's just one factor, but from there, you know, once we have something like this, go on, right. We don't know if the dip is going to be, you know, clearly it's more than two or 3%, is it 5%? Is it 7%? Um, and then we, you kind of have to just, you know, understand your timeframe if you are buying the dip.

And if you're a shorter term trader, you know, you really want to make sure that that you're, that you're honoring your stops in this environment. Yeah. That's a really good question in the chat. Rich Kaiser, what happens when you run out of money, buying it with dips and it keeps dipping well, that's what you have to know your risk tolerance, right?

Uh, probably shouldn't always automatically buy it. Yeah. And that's the exact, you know, just as we kind of started with this question, you know, buying the dip has worked in the past, but you don't want to get yourself in a position where you're digging yourself out of a hole. Anytime that we've got a little bit of volatility.

And if you're, and if you're more of a long, only type trade. Then, um, you know, you really want to have that dry powder and make sure that every trade that you're taking in this environment, that you've got some stock price and that you're thinking things out, not just like, oh geez. You know, I got an opportunity.

We haven't had a, had a dip before. Um, you know, that's fine to have that mentality, but you have to have a plan in terms of, okay, well, what if we've got a bigger tip on our hands because let's face it, the three of us and everybody else, nobody knows how, how far or how deep the dip is. Um, we've had this nice muscle memory where, you know, most of the dips that we've had have been quite shallow, but there's certainly situations.

And I think if you just look back at what we saw last year, too, You know, we hadn't, we did go below the 50 day moving average, and we were kind of lucky here that we got back above, but it went back and forth, you know, and, and even though October is a better month in terms of seasonality, um, you could see what we did from 10 13 on, so you just have to be kind of open it and objective, objective to everything and, um, you know, to, to any possible outcome, you know, in this energy move right now, it was just kind of showing you where the money is going right now.

It's going into commodities. But the issue is that when you, when you look at the, at the S and P um, the growth and tech is such a larger weight in the S and P. So if they're going to be unwinding tech and growth as they are today, and as we started to see. As well, it's going to be more impactful because energy and I don't have the data up right this second, but I, you know, energy is less than 10% in the S and P and it's the largest weight, uh, as the tech is the largest weight in the S and P.

So these things are these. If it was one for one, then it would be one thing. But, um, it it's, it's not one for one, and growth is growth in tech or a much bigger portion of these indices. So that's where, um, whenever we have one of these growth unwinds, it becomes particularly painful. Uh, I'm glad that you brought that up, right?

Um, basically the reason that the broader indexes, the S and P 500, the spy didn't go down this summer was because this th th th the six largest technology stocks weren't going down right now. And I was going to ask you this, but I don't think it really matters though. Is, is it a question like, who is.

Leading your who here, or it just doesn't matter. You know what I mean? Like is, is other markets go down because tech is weak or is tech week? Is it the other way around or does that not make a difference? So sometimes it's both. Sometimes it can be, you know, and that's why, you know, making the point of, of tech being the largest weight in these indices is, is a little bit dangerous because once, if it could just be stat rotation out of tech and into some other places, it may, you know, there there's many traders that are just looking at the indices.

So that's just gonna, cause because of that weighting scheme, you're going to see that pressure in, in the indices and that's going to cause people to, to monitor those monitor those levels alone. And that could cause some selling in the outright indices. And um, and I think that's what we're seeing today as well.

Uh, question from do pray, do pre do pray and the Chad Christian, what are your thoughts on banks in the yields? Yeah. So, um, I, you know, I'm a, um, I have the position right now that I'm, I'm long banks, but it's, it's one of those situations to where, you know, you can't just say, okay, um, you know, there's a move out of tech and I think rates are gonna go higher.

You know, there's a lot of factors at play, right? I mean, right now we're getting to the point where if you look at what bonds were doing today, right. They were moving down up until, you know, so bonds moving down, rates are going up. That happened till nine 50. Well, once we have these concerns about China and since geopolitical issue.

Bonds kind of change. They kind of changed to be, maybe they might start to see a little bit of a flight to capital. So the worst thing is get, um, you might actually see bonds go up and then, you know, that kind of kills the whole pieces for the banks, you know, and going along the bank. So you can't, you have to be careful with that.

And, um, if they start, if things really start to get bad, you might see bonds catch a bay. Right. And, you know, for instance, you know, SIV B, which is a name that I've been in and out of, um, you know, you can see it's kind of slipping here too. It's down 2%. Um, because once things really start to kind of go bad, that sector rotation, um, can work pretty decently when the VIX is as around a 20 or under.

But once you see the VIX starts to spike up, as it is, today is 24. It's really tough to kind of play that sector rotation. Yeah. Yeah. Yeah. So you want to be mindful of like what the VIX is and, and, and how volatility is moving, because, uh, in that situation, banks, energy tech, once you start to really, you know, once volatility starts to really crank up, um, everything kind of starts to get ahead of it.

And so then the million dollar question is like, and I was like hesitant to even go here, but like, let's say we do get a prolonged period of at the very least sideways action at, or potentially more. Right. And I don't think that, but it could happen. And if that were to happen, then how would you position your.

Uh, ju just light, you know, I would really increase my, my cash balance. So, um, I do that from time to time, you know, when I start to see things and when some of the trades that I've got into, if they turn out to be wrong, I, I just take stops. Um, you know, and really honor what the market is doing. I see this whole.

I have ideas and things that like, you know, just like we talked about the financials, Hey, you know, the financial sources looking good, you know, they're showing relative strength versus the overall market. However, if that thesis fails, right. Price and trend are the number one for me, I'm not going to argue with the market, right.

Because if I argue with the market and X stubborn, what usually happens is I will have a bigger correction in my account and I don't want that. So I, you know, the main thing to kind of preserve here is your confidence and your P and L. So it's good to kind of keep those ideas, um, but make sure that you, you, you have those, those stock prices set, especially whenever you're entering a trade, whatever you're deciding what could be.

You know, the play that you're looking at, right? You have to have a stock price to say, this is where I'm going to be wrong. Because again, if we start to see the VIX right now, it's 24. We started to see the VIX crank up towards 27th with. You know, you're going to be, you're going to get yourself into trouble buying that dip.

Right. So, um, number one, above all else is to have a trading plan and an honor price, right? Because, um, you know, what's, what's the age old saying is that, you know, the markets can connect around. Longer than I can stay solvent. So when we're seeing that volatility, that should be in the back of your mind that this market is greater than any of my ideas, any of your ideas or any of, you know, any other expert that you see that's on TV or anywhere else?

Uh, for those watching, we are alive with Christian from hurt, his Twitter handles ad see from her, it's a highly, highly, highly recommend you follow him on Twitter. He's dropping knowledge there every day. Uh, we are trying to start, uh, get technical our next show if our host will ever get here. And if not, then I'm just gonna hang out.

Uh, Christian, we're hanging on for a few more minutes and I hang out with matron. Our, our guests we have is actually already here, uh, for the show. So our runner with hail, but, uh, it's one of those days I want, we're just gonna stay on. We've been on the streams since 11:00 AM. We're going to stay on the street because, uh, apparently there's some massive Amazon web services problems today.

Websites are having outages, uh, are self included. Uh, I, I saw ATT I saw Facebook. I saw Google. So yeah, maybe Wong, I don't know, Fastly on a day, like today, I dunno. Or Akamai or some internet infrastructure, but I don't, I don't know, but, uh, in all seriousness, uh, we are same story where near there we're at the low of the day, uh, it just off it in the desk deck, uh, fairly often at the spa, every sector, red, except for energy utilities.

Um, those days I gotta, I gotta agree with Christian about, uh, you know, the swing trading environment. It's been a little tough here. Uh, I got stopped at a couple swing trades myself. Uh, but that's what it's all about. I mean, at the end of the day, you got to set the plan and if the plan goes against you, this is not the time to try to apply and get into those bag, holding situations.

At least that's what I would, I would agree with also. You know, there's times in the environment where you're seeing stocks just rip. And last year it was a time where, you know, you bought any dip and pretty much came back. And then there's also, you've got to know that the market environment has changed since then.

And, uh, you know, one thing that I was always taught was that you can't always compare the, the, the way that things were to the way that things are right now. And I think right now you definitely need to have a little bit of case of being risk, adverse and pushing on the risk side, Christian. Um, I just had a thought, oh yeah, somebody else I wanted to bring up is like, people are going to be wondering or asking, why are we down?

Why are we down? Why are we down? I don't know why we're down. I don't know if you know why we're down. I don't know, but I don't think that, I think that's the point, right? Is we don't, it doesn't have to be. Yeah. I mean, and it, it, there doesn't have to be a reason. And you know, there, I see a couple things, you know, that, that, you know, a couple of headlines, right?

There's some more issues with China. There's another company that I've never heard of before. I think it was Fantasia or something like that. So it's the second to fault. So there's some contagion. I heard that. I thought that was a joke this morning. That wasn't a joke that, that I don't believe was a joke, but, but nevertheless, I mean, and then I think you have some geopolitical and political things that are going on, so it's kind of an excuse.

And, and the main thing is, um, you know, if you're watching price, um, it really depends on what the institutions are going to do. The institutions always drive the markets. So if they're going to lighten up, regardless of what the reason is, um, you have to honor it and like, so I have Tesla. So here, your Teslas are going to.

The crust, third, their deliveries. Um, and I I've tried to trade actually twice today and I just got stopped out. Um, the second time, because 7 86 is the level for me to try a trade. So when this happens and you know, this is important, um, because it's an important part of trading, right? Because, um, as I was just saying, like, number one, you know, I'm obviously a single stock trader and so forth, but you have to be a risk manager.

And I hear dentists say this a lot in the room too. And the pre-market session, you have to be a risk manager at the end of the day. That's what's most important. So what I usually do is my breakout point for Tesla. And I put out a video on this last night is 7 86. And then we can kind of concentrate on some things like eight 11, but, um, until this.

So, so as soon as I get stopped out of the trade, I don't get bumped out. Um, I just placed an alert about what, you know, where I care in the name again, and that's above 70. And I'm happy to try a trade again. Um, and sometimes pay, you know, paper cut losses. Um, they happen, right. But you know, paper cut losses or will keep me in the game essentially.

Right. If I stay into trades and they continue to break down, you know, that could really, um, you know, cause me some, some trouble down the line. Yeah. I think either way, this is a very interesting time because either, either a, we get days off, through all over again, repeated the last two weeks or B, we get our first real period of volatility, sustain volatility since March of last year.

Right. We've been straight up for a year and a half. Yeah. So, so we were doing, you know, if you, if you look back like a few weeks ago or a month ago, sometimes these things become a self fulfilling prophecy. Everybody starts to say, oh, well, we were due for a 5% correction when I start to see everybody quoting over and over, Hey, the last time that we had a 5% correction, it's been this long.

Sometimes it's, it's almost like people are wishing for it a little bit too much. And then the other thing that happens is when you do get the 5% correct. It's always, it's never like, oh, great. Let me deploy some capital and things will be fine because then you're worried about is the 5% correction going to be a 10%.

So you see that to okay. That right there, what Chris just said was one of the first hardware lessons that I ever learned. Uh, I basically spent the entirety of 2000 and, uh, what was it? 15 or six, kinda remember 15 or 16 being like, okay, I have some things I want to buy, but, but, but I want to wait. I want to wait because the market is just too high right now and I just, I'm gonna wait for a pullback first off the pullback.

Okay. Second, if it does come, who is to say that you are going to swing at the pitch because it is hard. It is hard to pull the trigger. When the mark is going down, it sounded easy when the market's going up, you oh, I'll just wait until a pullback dough or just buy the dip. It's never that easy. No, no dip is easy, never easy.

And so I, I think that this isn't 2015 and then so like a year later I was like, I was like, oh shoot. Like I just basically missed an entire year of gains. Cause I was like, oh, I'm going to wait until the market goes down. It didn't go down. Who was six years ago? Like, what was I waiting for? So that was a good lesson to learn.

Obviously that was, that was more for a longer term positions for me, but, but the, it still applies to training as well. Right. The targeted swing at the page where the market's going down. Right. So, so we mentioned like a couple of negative things, right. So I, you know, talking about, cause I know this is not fun.

When you talk about taking, you know, I just took a tough stop on Tesla, you know, being a risk manager and so forth. Right. That's not like the, um, the most exciting thing about, about today, but it's, it's, it is part of it's part of the process. And um, you know, it, it has kept me, I've been through a couple of these times this year, um, where, you know, you just have to kind of live to fight another day.

Now that's the negative part. The positive part is you really want to pay attention to what names are acting better. Right? I'd like to focus on relative strength. What names are starting to kind of like show their show that they're holding up better than others. Because every time we do see one of these things.

Right. You're going to F you're going to come across names that are going to hold up better than others. Oftentimes those are the leaders going forward. So that's, what's one of the most important things. And it's tough because, you know, on a day like this, where you've got a lot of areas going down, um, what, we got small caps down, I was looking for the small caps to shine a little bit today.

They're not doing it yet, but you know, it's a process. You gotta kind of wait, um, you know, be patient, but really what I'd like to find in on days like this is what areas are actually are holding up when everything else is going down. So that's kind of, um, you know, I've seen a couple of names that are, that are looking okay, but it's, it's really, um, going to be kind of towards the end of the day where you kind of, um, go through some of your standards, which I use a lot of skills.

Um, I use fin biz a lot too, and I kind of go through some of my watch list and say, Hey, which, which names actually didn't really go down much or actually were positive on it. That's where you're going to find your good traits going. Th that's a great point. And my first instinct was as well to look at the small caps, because those were the ones that got punished for the last six months while the market, while, while the broader SOP did, did nothing but go higher.

So maybe now that we have some tech weakness, it would stand that, that trend reverses. But you're saying that's not the case. I don't mean the IWF is, is outperforming today, but, but still with the red. So it's still not as good as it as it should be. So I'm looking for this. Um, as the market's moving, we got pretty close to take it.

This is a downside level that I'm watching and NASDAQ futures. We got pretty close to taking it out. Um, I would love to see this level be taken out 14, uh, 14, 3 54. Um, and we're starting to rebound a little bit, but, um, yeah, so we're, let's see if we can kind of build off this, this green candle and kind of take back, uh, was this 20, 20 period moving average on the five minutes?

Um, if not, if we can't kind of regroup and build off of this, then I'm yeah. I'm watching, I'm watching for this level to be taken out. So click, sometimes they get so close and they don't get taken out. Um, so we'll just kind of have to see what we build from here. Okay. Uh, Christian, I'll let you go in a second, but, uh, just what if it ever gets to the point and I'm not saying it well, but if it ever gets to the point in a lot of these stocks, would you lead on the COVID lows or is that a level where you got to kind of throw out?

Because it was so crazy which level the COVID blows for everything. I mean, I, I'm just, I know we're, we're very far away from that. Is that like a level of like, do you look at that at all? Or do you just throw that out the window? Cause there was no, I mean, it's, it's, that's what I mean, it's too far. So, you know, if, if we start to kind of, you know, depending on how we go today, You know, I will be probably like out of a lot of positions if we don't really get, you know, better today.

Um, then I'm not, I'm just not going to mess with a downward trend and trying to pick where we go down to. But yeah, I mean, that's, that's not an area that I want to see us go down to. I do think that we could possibly go down to 42 to eight, um, possibly down here to the 200 day moving average, but I don't really want to be holding a lot of positions in my trading account as we start to revisit these areas down here.

So, you know, for the day I'm looking for, I know, thrown out a lot of levels here and it, and I sometimes I, I do that want while I'm in the middle of a process here, but I want to see a stay above 42 92 for the day, if we don't. And if we take out the low from last week, I will be, I will be much more defensive, um, because I just don't want to mess with.

Um, you know, how far down are we going to go? I will be respecting price and, um, and, and being super disciplined, but the day's not over. So that was in the SMP futures that doesn't be features. I'm looking for 42 92. Um, so the level right here, um, for us to get back above, if we take out the lows from last week, which we have already, uh, not in futures for, for, for spy, we may have, but not in as, oh, really?

I see the toy from the 20th. I see. Yeah. Well, you just had 42 93, which were all, you'd be wrong. You've been on a closing basis. Yeah. So today's close. I want to see us get above 42 92. Okay. Because the always the most important thing is the close right. All right. So we can, we can breach areas it, you know, intraday, but I want to see us get reclaimed 42 92.

Um, that would get me a little bit more comfortable if we can't do that. Right. And we're kind of caught, let's say we, we close where we are here. This is not a great position to be in because we're kind of caught in the middle of last week's lows, which is right around 42, 67. And we're, and we're below this level, which is again, it's kind of no man's land.

Um, if we close below last week's lows, right then that, for me, that means get defensive, um, increase my cash, uh, position and, um, you know, take off some things, even though I've got individual names on. And, um, you know, I may decide to kind of trim some of those things, even though the stock hasn't been been reached there just to take a more defensive position.

So again, I'm not really trading the, the, the individual, um, sorry. I'm not really trading the indices that. But I'm really paying attention to that for important levels. Yeah. Kristen Frogmore has given us the one level that matters above all else. Last week, the wo and the S and P 500 futures, uh, Christopher reports can be found on Twitter at C from Hertz.

He's the founder of Tribeca trade group. Christian. Thanks a lot for coming on today, despite all the technical gaps. Absolutely guys. Pleasure. Thanks a lot, man. It's a Christian just said it and I mean, it's really, really, probably the most important day we've had for the market. That in quite some time this year, maybe arguably this year, I say this year, this year, I think that's a fair assessment.

Maybe I'm being a smidge over dramatic, but maybe I'm not. I mean, it's an important day for sure. I mean, we had a lot of good news on Friday. At least relatively good news for the market problem is there's, there's always good news or bad news. And so I always just throw it out the window, but, uh, Christians right over the last weeks, low critical, critical, critical.

I can, I can tell you if we, if we do have at the close today with Joel, that's the level he's watching right now. Uh, that's the level of levels right now. It's the level that everyone's watching is please hold Monday. Last Monday is closed. Please. Hold last Monday is closed or what? Okay. I have to hop off.

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Unedited Transcript

Yo, what is going on? Everybody happened Tuesday, Tuesday, another day, back at it in the markets rocking and rolling, ripping and roaring. What is up everybody? Uh, this is the power hour. This is the trader your show. That's why we spend these 60 minutes together. Every single day. We want to get some idea flow going ideas, not just coming from my.

Not just coming from my beautiful co-host producer, a B, but most importantly, out of the chat. So guys, if you have tickers, you want us to talk about, drop them in the chat? We will take a look, uh, on my list on my radar for today. Uh, we, we want to follow up on a couple of symbols that we looked at yesterday.

Uh, we, we, we looked at, uh, naked brands yesterday. Uh, we, we looked at a ba-bye yesterday, so, so those are two follow-ups that, uh, that I want to talk about. Uh, We haven't talked about Ford in quite a while on this show. Uh, I, I think that I got banned from saying the F word, uh, by the chat that they were sick of me talking about Ford.

But now that we have a little bit of price action, let, let let's, let's hop back to some of those tickers, uh, and, and early birds get the worm. I see a metamaterials to your M M a T I C a U N F I O does that unify a United natural foods who that strong. So, so, so we'll get to those ones as well. But all right, guys.

So without further ado, I'm going to throw my screen up on there, but let's look at, we were doing Rippy stocks yesterday. Okay. And, and let, let, let, let's keep ourselves honest. All right. I said that I was, I was hitting naked brands long and strong taking it for a ride. Uh, and, and then I said, uh, Minko ventures, ticker, BB IEG.

It's Bravo, Bravo, India golf. Uh, I was sitting on the sidelines for, those were our two Rippy stocks yesterday. Um, Until we got to check in on them today. So, so, so naked brands, what we're looking at right now is we're looking at a two day card. Okay. So we're covering two days of time with this chart up here.

Uh, I, I got excited yesterday. Um, after the close, when we saw the stock hit all the way up to 94 cents, um, that, that is right around where we called it. We called it to 95. We said a dollar is tough, but it's going to get darn close to that dollar. Uh, we got up to 94, uh, but have since pulled back, I sat on my hands yesterday watching this thing move after hours.

Uh, I, I didn't take any action on it one way or another. I'm still sitting on the shares pretty much a break, even from when we talked about it on this show yesterday 80 cents. My general sentiment is that the ride, the move is more or less done, but I want to throw this one out to the chat guys. We're, we're circling back on some of these risky stocks again, naked brands, and we'll get to Vinco ventures in the second year.

If you guys still liked the move in naked brands and let me zoom us out, uh, here let's go to a six month chart. Uh, three months. There you go. It makes it easier. See, so there's a three month chart. Um, you know, we, we, we, we, we saw that, that power move upward. Again. My call is that it's over. If anybody still likes the trade, the, the energy, the momentum, the swing trade.

Give me the one in the chat. If not give me the two more or less I'm at, Hey, the, the thing was fun. We had our ride. I had the opportunity to capitalize. I didn't, I missed it. I let it sit too hopeful for that dollar. Uh, but, but I wanna see where everybody is at on that one. Then let's go to the other rip stock that we were talking about yesterday.

Vinco ventures, Tigger, BB I G Bravo, Bravo, India golf. Uh, this one we did at least call right, uh, down 10% today. Um, you know, the, the, the call on this one was that the momentum had to already. Uh, and, and we didn't, I at least didn't like this one from the long side. Uh, and, and you can see, uh, from, from where we talked about it yesterday and the aids, we're now down into the sixes.

Um, and, and just continuing to see a little bit of pain in this stock. I'm Vinco ventures, uh, shout out to Daniel and Chad in the chat. I see you guys saying that, that you don't like to naked brands move either. I'm going to throw out the same question. Vinco ventures one way or another. Okay. No snow, no sitting on our hands, but let's get the fingers moving.

Let's get the blood flow and let's get some participation. Uh, if, if you guys liked this stock right now, you would take it long. Drop me the one, if not drop me the two. I'm curious where everybody is at sitting here on a Vinco ventures. Again, my, my call would be, Hey, I'm just staying on. The sidelines is on the sidelines yesterday.

I will continue to sit there to hang out there. So all right guys. Oh, and we got a nice wave of twos. I'm being good ventures. Yeah. We're all on the same page here. So he energies out interesting stock, I think really interesting company, right? Remember this, this is like the Tik TOK of India and a handful of other geographies, um, and Matty ice.

He's the one coming in, coming in with that Matty ice net Natty ice type move. Um, so I dunno, I think that the company is interesting. I don't really know anything about the valuation of the financials, but, but at least the story of being the Tik TOK of, in of, of India is interesting. So I dunno, per the chart per the energy per the swing trade, I am hanging out on the sidelines there on that one.

All right, guys, let, let, let, let's keep it going. Uh, let, let let's talk about Chinese name. Uh, and Ali Baba specifically, here's the three-year charter Alibaba. Here's the one-year chart of Alibaba. Uh, again, continuing to, to see some red, uh, I was, was bullish, or I thought we could do some bottom picking on some of these Chinese stocks a few weeks ago that hasn't played out continue to, to be some, some blood red in the streets.

Uh, I I'll, I'll throw this question out to the chat as well. Uh, does anybody have a favorite Chinese stock right now? And if, if you're not aware, basically the story with the Chinese stocks has just been a lot of headline risk and, and the headline risk is different than the headline risk a couple of years ago, if you recall, but it was always Trump in China going back and forth, talking trade deals, talking whatever we're not going to cooperate.

That was the headline risk in, in some of these, uh, Chinese docs a couple of years ago, the, the headline risk that we're getting now is coming pretty much straight out of China. It's less of like this, this us China European conflict, uh, and, and actually more of a, Hey China is tightening things down. We saw what happened to D that was that's the stock, that's the Uber of China.

Um, you know, within three, four days of it getting, uh, of listing as a public company, having its IPO, check this out 1, 2, 3, day four, I got banned from the Chinese app store due to security concerns. Um, so there there's just been a ton, a ton, a ton of, uh, uh, you know, headline risks coming out of China that the narrative has changed.

When, when does that end? I don't know. We don't know. Uh, and so, so for that reason, I have been hanging out on the sidelines on some of these Chinese. Um, I am personally not any. Now I just asked the chat. What are some of your favorite Chinese tickers? There's also many dropped in, in, in EEG. H new homes are all God.

So one your chart of that one that is brutal. Um, see a Baidu in there. Uh, L K N C Y. I don't know that one. If, if Mike tell us what that stock is, uh, I'm curious, there, there there's a handful of names. I don't know, not a ton, uh, but, but, but a handful. And I'm curious, I, I see a Neo Baba Baidu. I see another Neo.

I see a PDD that's pin duo duo. Um, you know, but, but again, I've been on the sidelines and another Neo. All right. So we saw a lot of Neo fans in there as a jd.com. I were to do it again. My play would be taken a crack at ed BD. Again, I tried it once. It didn't work for me, but I was going to do it. I would do it via D D that the stock is cheap.

It's in the right space. Uh, and it's so embedded into people's daily lives that I think it's a, a tougher one to disrupt. And if you think about breakup risk, right? That's one of the narratives that we hear about in Alibaba's there's breakup risks, the company might get break, it broken up. You have a lot less of that risk with a company like a D D who essentially is offering, uh, you know, one substantial service.

Um, Looking coffee. Yeah. If you guys haven't ride the lucky and coffee story, do yourself a favor and read that one. That was the stock. That was the hottest stock around for awhile. It was the Starbucks of China basically was, it was luck in coffee. It kept going and going and going. It was a favorite of all of us, individual investors.

Uh, and then one day it just got delisted. Um, and, and it was a matter of years, uh, but before, before we heard from Luckin coffee. So it's definitely a tough one. If anybody hasn't read that story, I think you owe it to yourselves as an investor to read that one and just understand a little bit of the risks that can be in play here.

So, Luke, I heard you talking about Baba. I know we've talked about a few different ways to trade it. I think what we were talking about last week when we were looking at the, you know, year and a half out options, Uh, long dated calls one 70, I think that's still interested. And maybe we could even, um, you know, do a trade where we sell some, you know, say one 30 or one 40 puts and see if we get any premium from those and then use that premium, um, to purchase those long dated calls.

So you're getting super long. I sorta like it it's aggressive, it's aggressive, but I just, I, I mean, obviously we could get some that say that I've never sold puts to then buy calls before. Okay. I'm just saying we, we, we could, the risk there is, is, like you said, we get some bad news out of China and the stock continues to drop, but, uh, you know, with the news that we have out there right now, I don't see this drop in below $130.

I said that about, you know, like the $170 level though. So who knows, maybe we'll sit on the sideline a little bit longer at what do we say? Like two and a half times even. Yeah, which is in 44 on the S and P 500. I mean, it's a cheap stock. There's no doubt. There's no doubt. It's a cheap stock. I sort of like your, your elongated call approach.

It's a cheap way to take a crack at it. And it's a way that, you know, aside. So, so say you don't sell the puts to raise capital and all you do is buy the long dated call. What I like about that is you have a very fixed, um, you know, downside, you can choose, say like, okay, if we find a call for $1,900 and say, that's the most we can lose on this, if we get some positive movement in the stock, um, we get some gamma that could easily double and say, Hey, look, I've got, you know, if you have that cash sitting around that you're willing to get risky with.

I think that could be a very good play right now. All right. And, and you, you have a big interview coming up in a minute here, producer AB, but, but let me do one more stock before we hop to it. Okay. I've been good. Okay. Th the chat banned me from the F-word a Ford. Okay. I used to talk about it ad nauseum.

Uh, but, but, but it's back, it's making a move there's headlines. And so we're, we're, we're not going to skip it. Okay. Take her forward Ford motor company AF uh, the re this was our 2021 stock of the year. Every year. I, I make a call where I say, this is my stock of the year. I, I throw it up on billboards and I stand behind my trade.

Uh, we, we bought the shares outright, plus, uh, we, we bought the $10 strike, 20, 22 calls. Okay. So, so you can see for it at the beginning of the year, with somewhere in the high eights, uh, we, we went out and we bought the $10 strike, 20, 22 calls, uh, obviously up on both of them, you know, it's, it's, I'll take a 65% move on a stock, like forwarded at any time, basically the thesis on Ford at the time when we.

W we, we said that the valuation is cheap. Cause we always want to look at the number side of things. Okay. The valuation was, it was relatively cheap compared to a S and P 500 as a whole, and then also compared to other automakers. And then the story side of things, part number two, we said that Ford was going to be an Evie stock this year.

We, we, we, we had seen all this money flow into the Evie names and talking to your lucid, your Neos, your Tesla is et cetera, X paying. We can go on and on and on all of the money going into Evie stocks. I said, Ford has already told us this year, they're just going to spend a ton of money. Branding themselves as an evil company.

The stock price will pick up from that huge announcement that we got yesterday. Uh, Ford said that they're going to be dropping $7 billion to, to spin up manufacturing in the U S so they're bringing manufacturing back to the U S and specifically to build batteries and to build, uh, uh, the electric vehicles here in Detroit, Michigan.

I can see behind me, Ford's old headquarters is, is, is a few buildings behind me. Uh, they're going to be building that electric F-150 so, so, so the, the position that I have on Ford, continuing to be long and strong, I think that the Evie narrative continues to develop. We've seen several product announcements this year.

We're going to continue to get them. We're going to continue to get news about, about Ford investing in infrastructure. The market loves Evie stocks that has not changed. It. Doesn't love it as much as it did in February, but the market still loves these Evie names. Uh, and so for that reason, I am staying in long and strong forward bolt in the outright chairs and those long data calls that I have.

Yeah. And Luke, the chart looks strong there, it looks like we've broken past those kinds of previous resistance levels of $14. Um, and we see that uptrend. So, so do you have more color on the bringing, uh, you know, some manufacturing back to the states? That's not just saying, Hey, we're going to assemble. Um, you know, some of our trucks are parts here, like other companies are doing, or so the, um, the actual production of the batteries is going to take place here.

Yeah. Let's see if we can find the press release. There it is. All right. I understand it. It's $11 billion investment. I think the 7 billion might just be for Michigan. Um, all right. Check it out. So, so, so we, we have 11,000 jobs going in, in, in Tennessee and Kentucky. Uh, and then where is the Michigan plant?

We're getting a Michigan plant as well. No, but Ford is like seriously manufacturing. I, I think on top of, uh, you know, that that's going to be good for the company. I think it will also. Uh, you know, be good for the stock as well. I think a lot of retail investors will, will like that about Ford, uh, and maybe we'll see some movement into Ford.

I mean, Ford has been on, on like the Robin hood, top 100, uh, owned stocks among retail investors. I think there's a lot of reasons for that. Um, but, but, uh, obviously a lot of retail investors like to kind of buy stocks cheap. So if they see a $10, you know, $14 stock compared to an $800 stock of Tesla, uh, it looks really good.

So I like this, Luke. I think we should keep riding the four train. Uh, we'll obviously be keeping our eyes on any developments and news updates and see just kind of how the stock reacts to those. And, and, and you're new to Michigan producer. AB ha have you seen the Ford Rouge plant? No, I have not. Well, we'll take a little tour.

This was like, like, like the famous early, like Henry Ford walked around this plant. The Henry Ford. I still haven't been to the GM. What is it called? Renaissance either. So yeah, we've got to do all that. All right. So, so, so we'll make that happen. It's not as common today. I sorta like these, you know, the older pictures are cooler.

That was my grandpa working at the Ford Rouge plant. Oh, I see him. I see. Yeah, that guy over there. I see the resemblance. Yeah, there you go. Um, but all right, producer, AB w w what line us up? What else do we have going on today? Um, so here at 1215, we have a Pete chair, which coming up, coming from a Northern trust.

And then after that we got, uh, nano, uh, uh, Neil , he's the CEO of nano, uh, pharmacies. I hope I'm saying that. Right. Ticker. And then. And then after that we got Julian Phillips from court core connects. So it's, we have a packed lineup interviews at starting right now, 1230 and then 1245. Oh, I see you, Spencer Israel.

I have a question. Do you all think Aaron Bree even knows what day it is? It's Tuesday. Y'all think Aaron Brie even remembered to put his socks on September 20th. That was like the worst pitch teas I've ever heard for upcoming. This was the worst he's ever. Jesus Christ. Spencer. All right. You go, you can take a class.

I mean, you would think, you would think he would know who's coming up. Go ahead, Spencer. Come on. I know. I just it's it's the names caught me so excited, dude. Try and told him he needs to tone it down. No, no, no, no, no. I know how to pronounce Pete's last name. Cause I actually researched it. It's peach heroine.

Which is mostly what you said he has. Pretty good. Perfect. So thank you. And you, and one of only a few in this world that get it right. Okay. See, we got pizza name, right. People. Wasn't the problem. It was the guys after Pete, but anyway, uh, Pete, welcome to the power hour. Um, yeah, I, I, you know what, Luke, this is an interesting one.

Uh, and, and, and I think Luke will want to come back here in a second because, uh, P w what, what you do, uh, at Northern trust is sort of in wine a little bit with weapons and good does is your responsible, and you can correct me if I'm wrong, but you're responsible for the, basically the product development for the, for the bank.

Right. And trying to, trying to reach new, new new customers. Is that right? And that's under me. I actually run all, I run about 60% of the bank. So I run all over. Um, and so we're, we're responsible for custody administration. I like to think of myself as we're the master plumbers, making sure everything works behind the scenes.

Got it. Um, I want to start with it with this curve ball here only because it's top of mind right now and then we can get to the other stuff. Um, and if you can't answer it, that's fine. But, um, first have you been following the, the I'm sure you've been following the, the game stop saga, right? Yes. Okay. Um, I heard this thing.

I don't know if you can speak to that. Cause I don't, I don't know if I, if I believe it and have it, I don't know how it works, but, but you're, you're, you're your banking professional. Uh, so you could speak to this maybe, maybe not. I heard this thing that GameStop shareholders are taking their share.

They're asking their, their brokers to take their shares. Off the exchange since the going into cold storage, I had never heard of that being a thing before. And if you're, if you're fidelity or whomever and your, your, your, your client comes to you and says, I want my, I want you to give me physical possession of my shares.

Is that a thing that not that I've heard of? Thank you. Thank you. People could be asking for that, but that doesn't mean actually it could happen and that's a reality. I've okay. I'm going to take your word for it as a guy with decades of experience that you would know more than I, but I heard that, I thought that doesn't sound like it makes sense.

You're going to have to go into a material. So basically you sitting there saying, Hey, all this stock was deemed and all electronic. Let's reverse it and put it into paper again. Thank you. All right. I knew it sounded like something's not right there. Um, okay. Thank you for clarifying that for me, AP. Cause that's been bugging me for, for like a week now when I heard that and I was like, I, and then I saw you on the calendar, I thought, okay, I'm going to tee this one on for Pete and I hope he can answer it because, uh, the guy's a banking professional, so, okay.

Um, Pete actually needs a bit of a strange day to have you on, um, in, in that, and maybe not strange, but in that markets are right here. Um, so, so there's that sort of hanging over us here? Not, not, not that right. Let's be honest with you. Not, not that I read, but um, I want your overall thoughts here on, on where we're at in this, in, in this, in this equity cycle.

Well, first of all, you got to talk to the investment guy. I'm the guy that. They can happen. That being said, we do watch the interest rates, and I can tell you that if I listened to our economics and our, our CIO and the organization, basically I see no change for the next year through 2020, no train in terms of interest rates.

That makes sense. That makes sense. Uh, there was an interesting report. I think I saw it this morning in the wall street journal, just in terms of banking, M and a, and how I'm sure you've seen this on your, on your own as well. Just how hot the sector is right now. There's a lot of M and a deals in banking, um, as just a, uh, one of the, one of the responses to, to the pandemic.

Have you seen that on your end as well? I mean, we, on a personal basis, we've done more smaller acquisitions really well, my belief in this world about scale and getting bigger, you don't just get big for big. You've actually got to have a strategy behind it. So if my belief is actually doing smaller acquisitions of thin tax or other types of organizations that give you geographical representation, that's a smarter play than just trying to get scale.

You can get scale through technology, not people in assets. Yeah. Yeah. So, okay. And that brings up an interest. And that's why I started with, by asking you or saying that you were sort of involved in the product because as a traditional, uh, financial institution, I feel like in some respects, your. Oh, I think we just lost Pete's video there, but I think there is, um, your, you know, companies like, like you maybe don't pay as much attention for people like me cause we're so focused on, on the Neo banks and the fintechs.

Right. So, but you, you guys, you do that enough in a lot of the times it's via the acquisition, like you just said. Um, I'm curious, just your, your thoughts right now, now that we've got a couple of big FinTech companies that are publicly traded REITs, so fi right. Uh, square. I'm curious your thoughts on, on the, the traditional banks to FinTech, uh, relationship there and, and sort of where, where that sat.

Cause it used to be like they were on opposite ends of the spectrum. They were competing and now then they were like, oh, let's work together. And now, like you said, you're doing a lot of acquiring, so they're coming together that way as well. Um, cause that was to look at it. Yeah. Looking at it, the retail space, then you get into the square instead of there and the retail side.

Right. And so they're going to end up getting a little more competitive. I saw at the beginning of the show, Alibaba, right? Ali Baba has a unbelievably large money market fund because they just sweep all their money into the money market fund. Right? When the retail side, I think you're going to see those compete.

When you get into the institutional side, most of the fintechs that are really large, actually say, you know what? There's not that much business on the institutional side. I'd rather go out to the retail wealth management. But for us, there's enough smaller fintechs where we can take stakes in those companies.

I'll give you an example. Please just took a stake in a company called Ascensia. So I don't know if you're a golfer, if you do anything of sports, but every sports professional, they have a coach, right? They sit down and look at the data and they say, Hey, you could do this better. Do that better. Do investment professionals have covered.

I had argue, not really, but now this company has written algorithms. They sit down with you to Spencer and say, okay, you know, what, when do you do well? When have you, when have you not done well, what are you looking for? And we can analyze the data and actually give them a little nudges and say, Hey, by the way, you said, look out for this situation before, because you may have actually in the data says that people that have used this system have improved performance by 150 basis points.

That's a big number and it's by coaching. Uh, let's just try to speak a little closer to the, to the compute, to the mix, uh, make it easier to hear. Um, okay, so you, you gave us one example there. Can you maybe give us a few others have given that, that might give people some ideas and sort of where your head is at, where your attention's at, just in terms of the types of companies or even the services that, that.

Yeah. So if we sit back from that, um, that company, we're looking at asset managers and asset owners. So for the managers, we're looking at providing tools that enabled them to codify the investment process and actually use data to make the investment process better. The days of, of an asset manager sitting in an office with spreadsheets, and then saying this stock's going to outperform, they're going away.

Now. We want to be able to make them more data analytically driven, and actually be able to write algorithms, to do behavioral analytics and to be able to sit down and say things like, you know, what constant, when, when a manager has a, um, is I guess, convicted on a stock, more than others, they, they end up having a bigger pilling on their performance and they are doing better.

So how do you codify that? Convince. There are tools out there that do that. And we want to try to bring those to those assets. Yeah. Asset management business is, is an interesting one because the fees are getting really, really compressed. Uh, I saw a great shot of the other week. It was from a analyst over at Bloomberg.

Um, and he looked at the largest, uh, ETF issuers, but it looked at the revenue that they make from their . And so you get, you know, everyone knows that companies like Vanguard and BlackRock and state street are the top three for assets, but they're not the top three for, uh, revenue from there, from, from those assets.

Um, uh, and I think it was first trust that that was, that was surprisingly high on that list, but neither here nor there, um, the asset management business, the fees have come down a lot in the last, the last decade or so. So how does that sort of factor in. Yeah, I think people will always pay for alpha. So if I look at the wealth client base, the retail client base, they're paying up for long only managers that provide alpha.

That's why the alternatives industry is doing great. Everybody's putting money into private equity. Hedge funds have been predicted to die for years. They're not dying, right? Because people want alpha and people are willing to pay for alpha. People will not pay for beta as they can do a computer program and get beta.

That's different. That's the truth. But now every bank is offering alpha and beta. Well, and you've got to balance it, right. Because you've got to prove yourself with the often there's no question. All right. So in terms of Northern trust corporation, I asked like, um, what can you, can you tease us on one new, exciting thing you guys working on right now?

Yeah, I do think it is something that we call a whole lot. So, what we're trying to do is we're trying to be a platform company for asset managers, where we don't have to own the FinTech. We don't have to own all the technology, but we can, we can, since we have the underlying data, we can provide all of the, all of our clients, all of these tools think of it as a supermarket style.

So we're trying to be a platform company for asset managers as to all the cool new tech that's out there. And that's the thing we always talk about, guys, you always hear the G our CEO says it all the time. Right? It's it's the thing behind the thing just said it, he said, they're trying to be the platform company for asset mandarins.

That's the thing behind the thing. Yeah, absolutely. You know, I think of the logistics companies that are worth a lot, right. Right. None of you, if you, all of you invest in mutual funds, whatever ETFs, someone like us is behind the scenes, making it all happen. That's what we do. Yeah. I'm so glad that you just, you, you, you said that, cause that, that gets that, uh, one of the things that, that we try to people like you, we try to re we bring on the show for that reason.

Um, but we've not with P chair, which he's the president of asset servicing and Northern trust. Uh, the charts up on the screen, uh, Pete, uh, a pleasure to, uh, to speak with you today. I thank you for your answering my burning question about the custodian ship of, of shares. And I knew that I knew that it wasn't a thing.

So, uh, thank you very much, man. Uh, I'll, I'll, we'll have to bring you back on w uh, another day, uh, and, and talk to you again. Thanks a lot. Thanks, Spencer. All right. Uh, I don't know where ABB and Luke went. They just totally abandoned ship here today. I mean, I, I, I feel like I'm the only person on this channel sometimes, right?

Oh, abs back. Well, I was upset, so I left your, what I did. I make you mad? No, you just hurt. My feelings was I was everything that I said wrong. No, I just sometimes struggle with pronunciations. And instead of, you know, helping me just chastise me in front of everyone, live on air. Now my feelings are hurt. I like all day today to look up their prints names, pronunciation of the company and whatever.

Okay. How do you, how, how would you say an NVCs? Uh, so here's the thing is it's like nano Vira sides. But beer aside. I don't even think that's a word. See, here's the thing about is I haven't, I'm not going to guess. Cause I might guess wrong, but you sh I shouldn't have to guess nor should you, because it should be whoever saying it shouldn't have looked it up ahead of time, right?

Yeah. I don't know. Who's on the Benzinga account right now, but yeah, as soon we're going to get, I'm going to shave everything, but the stash. Um, and we'll see how that look is for the winner. I don't know. Are you doing Nosha in November, dude? That's like so far away from me. I can't, I can't think about November.

October is in like two days. Thank you, chef Remy. Let AB live. I'm just, you guys are too nice. You guys are way too nice to AAV man. See, I I'm from the Midwest Spencer. We, I would, we would never do anything like that. What you did you're from the Northeast. So you think it's normal to just chastise people?

Yeah. Radical candor, right? Uh, yeah. Okay. That's fair. Yeah. I, I would just, um, I guess prefer it off-air oh my goodness. You guys are going okay. A B uh, we're, we're running a little bit behind schedule here. You forget that. I, I grew up in a, in the generation that we all get participation trophy. So really you should be giving me a trophy for my shelf, with the participation trophies that I had even trying to pronounce.

Uh, yeah, really? You got some for the best. The best was like, I don't know if you ever, like, when I was like a really little kid, we, I had to do like swim meets for like a couple summers and you could literally finish like dead last in the race and you'd still get like a little ribbon and I bet you did come dead last night.

I was actually a decent swimmer. Do we need to get Joel to give you a lesson? Cause we can. No, I will do it for free. He will volunteer. He will show up at your house. If we tell them that you want a swim lesson. I asked, uh, Joel where he swims in Detroit because in the river,

uh, Oh, wow. Thank you, Shelly. She Shelley's going to send that clip to HR. We were getting way off base here. We're in a way off base here. I, our next guest is, is, is backstage. I I'm almost hesitant to bring him on. Okay. Hold on. See Spencer. This is why you got to review the schedule and prepare for the show that I post.

So if you had reviewed the schedule and looked at what the agenda was for today, you would see, uh, that my good friend, Julian from core connects is not supposed to join us till 12. Julian joins early. He threw me for a loop. That's not my fault. I don't know. I mean, Okay. All right. That was my fault. That was my fault.

I'll own that. I saw Julian in there and I knew he was coming up. And, but, but you're right. Maybe, um, Daniell from, from an NVC, heard me try to pronounce the company and said, you know what, I'm not going on that show. So totally fair. That is totally plausible. It's in the realm of possibility. Uh, Hey, what's a look at the market today and Spencer, I don't know what you got going on, but I think you should hang out for when we bring Julian on, because it kind of goes along with what we were talking about earlier, as far as like alt investments.

Okay. So, so it could be an interesting conversation. It be, you could be a part of it if you want to be. Of course. I want to be a, yeah. Hey, shameless plug. If you missed our last show, the alternative investment show, we're going to do more of them, but two hours on a real estate and private equity and how.

Everyday investors, not just, you know, institutions can actually get, I, I I've been seeing that people were like complaining about a red day. I didn't know. Spy was down almost 2% if it closes right. If it, if the market closed right now, wouldn't that be a bigger red day, at least for the spy. Then last Monday, uh, here, let's go to this spot here.

I think last Monday we closed down about like 1.1 and a half, maybe I think at one point we were down 2% and then, uh, you know, we had a lot of bind come in at eight in the afternoon. I, I wonder what the chat's doing. If they're buying the dipper or not. Uh, the Q's today, we're down, we're down almost two and two thirds percent.

And the NASDAQ, uh, we're down to one and a half percent. And in the Dow down almost 2% on the spy, the Russell is probably. If you've been listening to pre-market, Paramount's probably our new favorite index it's taking over the S and P. And then as that through Russell's down at 1.7% today. Um, so some relative strength against the overall market in the, in the Russell.

That's not saying much, but yes. Yes. Relative strength compared to tech, um, 0.8%, not nothing. Um, wait Spencer, a shadow bill, big D in the chat, he's saying, call me crazy. Uh, he bought some data dog, November $140 calls is Datadog in that, um, ETF that you were talking about yesterday that has all the data centers and whatnot.

No, no, it's not. Uh, that ATF that I mentioned was, is Sr VR and it only owns it only. It only holds a server REITs that have servers. So like the physical server rooms, the actual, the actual facilities, not. Got it. Yeah. Makes sense. The a hundred, $104 calls expiring. I November on dogs. Yeah. So I like what I like is that you're really close to the strike price, essentially.

If they had a dog races, its gains or its losses from today, tomorrow you'll already be in the money. Um, so, you know, I like that the chart, I don't know. I mean, I don't, I never liked getting in calls on like consecutive red candles in a row. I'd rather see like one or two green candles showing that there's, um, you know, could be like a trend reversal.

And I don't mind like waiting for that trend. Like I'm not trying out there to catch any bottoms. I would want to see like a green candle or two and say like, okay, uh, we're seeing some buying come in. We're seeing some, you know, maybe institutions coming in and buying at this price. Um, so, so we shall see.

Well, you know, this is the Datadog Charlotte, let's go, that's coming to me and go back to the Spire. You can even go to the IWM look, the, the level that everyone and their neighbor is going to be looking at, obviously, right. His last Monday's low that's, that's the level that matters for right now. And this is the spinalis, let's go to the IWM, which, which I, I like more, um, what has actually outperformed spy, uh, relative in the last couple of days, which I haven't been able to see everyday.

So the IWM look it's right there, but what were the day? It was right there at the 50 day. Always interesting. When the moving averages I can support a resistance, right? So we're basically right off that 50 day moving average in the, in the Russell. Um, whereas in NVC, Michael, we don't know, we can only assume technical difficulties and not that they are blowing us off, but we will keep you guys apprised and let you know.

I'll tell you where they are there. Okay. Oh man. And in VCs at the dentist that, uh, yeah. Um, IPO F I, I know that's a spec, but I forget which one. Uh, wow. Hey, you know what, if you don't know, this is Gregory, Jerry, Jerry walk-ins anyone know what's up with IPLS today, Jerry walk-ins. I have no idea. Here's what I'm going to do.

You're ready. You go to pro with Dobbins and good.com you sign in and you go to the newsfeed, you type in. Can I get that right now? IP? Oh, there it is. Do we have any headlines in our news? but, but what is this? What is, uh, this company like merging with the, is there a, a linked company already? We have no press releases, no filings today.

No headlines out of IPO.

You find nothing. Mitch's right.

Yeah. Yeah. I don't know. No Mitch's saying no rumors out. He's our a resident. Well, he's our second residents back expert. There's rumor mongering. Oh, there's discord is the, so it's a trim off spec. I'm kind of off the, the Yamak train. I think if you look at a lot of the trim off companies over the past, uh, you know, since their peaks, a lot of them haven't been performing well, obviously, so fi um, is probably my favorite out of them.

Virgin galactic is decent as well. Um, but a lot, you know, Clover health has been kind of a dog. I don't know. I feel like Chamath has had his day in the sun and Jesse's absolutely right. You guys are asking the wrong guys about the specs. You got to ask Chris and Mitch on his back stack about that. Cause they are always like a day or two ahead.

They're always ahead of the trend. Well, here's the thing. So, so they're saying, so I guess shamatha is going on CNBC tomorrow, and people are speculating that he's going to announce the merger, a mouse mounts, the company that doesn't do much for me, you know, like I want to know what the company is first.

I want to be able to look into that company and see, um, you know, if I like the investment or not Spencer, the other thing, the other thing I'm going to throw your Benzinga pro back up on the screen. I'm watching Tesla today. Um, we had Chris Capri on get technical yesterday. And one thing that Chris Capri does that I love is he looks at the overall options flow of certain stocks.

And that's not like you can't just go out there and Google that data. You know, he, he buys it from, um, Oprah, I think is the vendor. And you say Oprah. Oprah, not like Oprah Winfrey, Oprah opera opera. Is that what's called? I said Oprah. I mean, I'm pretty sure he said Oprah yesterday. I don't know. Um, Shelley he's at the dentist should be coming on soon.

Um, no, he shouldn't because our next guest has already he's already here. Yeah. We'll bring Julie on in a minute, but, uh, we're back to Tesla back to Tesla. Um, Kurtz was seeing a lot of, uh, calls being bought the weekly calls that expired this Friday at the $800 level. Granted, this was yesterday at 2:00 PM.

So maybe they were doing it as more of like a day trade in and out. Um, but he was essentially saying the, the S the stock was showing strength, um, that it was a sign that these $800 calls were coming in, that there was like a, a more than likely chance that it hits 800 by the end of the week, obviously can get dragged down by the overall model.

But Spencer view, if you zoom out a little bit, like maybe on a, on a year long chart with the daily candles, we can just see how strong the stock has been since may, when it got all the way down to about $550. Um, it hasn't felt that way though. It hasn't felt maybe because we're used to Tesla, we're used to that.

Right. And, but it's been up 30% over the past. You're right. You're right. You're right. Hey, AB I want to ask you one quick question. Um, and then we'll go, we'll go to Julian here. Um, so Chris Capri saw some options buying some call buying in Tesla, right. And, and, and that corresponded with like, uh, this was yesterday.

So he, he was, he was saying that corresponded with this, right. I'm assuming, I've always wondered this. When you see big hall buying in a stock and then you see the stock go off. Afterwards, is that a case of everybody seeing the people, seeing the flow and piggybacking off of it and finding the stock or bidding it up?

Or is it a case of the actual market dynamics of the options market maker having to then go and well having to then go and, and hedge their position, um, and, and buy the stock? Or is it both, I've always wondered this. Well, I think when we're talking about the options flow, it's we have to look at like the big players, like what big institutions, what big hedge funds are doing.

And I don't think that a lot of those are looking and saying like, oh, Hey look, someone else bought $1,800 calls like we should too, but maybe they'll see, they'll use it. In addition to all the other data they're looking at and saying, Hey, This is a bullish sign or this is a bear sign. So I don't, I don't think it's one of those things where it just snowballs because like one person puts in a big order, but I do think they are looking at that data and saying, okay, like maybe there's 30% more calls and puts that's interesting.

We should look into that or that should go into our decision-making. Um, so I, I guess, um, you know, saying that, I think they look at it. I don't think it's like they're, uh, you know, by all means they're going just by that. If that makes sense. It's both, it's probably both, but I've just, you know, you often see a stock.

Uh, you'll see, first you'll see like a punch of big hall bang, hit the tape and you'll see the stock spike. And then what was wondered? Is it just people copying that, that big call buyer, or is it the actual dynamics of the options market and the market maker, having a hedge themselves that results in that?

I don't know. Maybe it's both anyway, AB who's our, who's the next. So we have, uh, Julian Phillips, who's the chief revenue officer of core connects. I'm going to pull up the website real quick. This is a, it's a very interesting, um, company, essentially, Spencer. I know we talked about alt investing earlier, but there are these companies out there that you can go to, to kind of, uh, you know, purchase shares of companies that are pre IPO.

And essentially what core connects does is they allow these companies that are raising money to raise that money directly. So they don't have to go to a website, like start engine. You can go directly to said company's website, um, and buy shares directly from them. Um, let me go ahead and bring Giuliani Julian.

Is, is that fair? Yeah, that's totally fair. Yeah. Thanks for the intro and a pleasure to be on the call today. Yeah, really? It looks really pretty where you are, where are you? This is just a little window it's up in Toronto. Uh, so yeah, we're enjoying a little bit of a sunshine before the fall weather kicks in.

So core connects, you're cutting out the middleman of an industry that cut out the middleman and in a way, yeah, I guess it's one of the analogies, but I mean, in the greater picture, it's, it's really, the movement began with the democratization of private capital markets, right? And so we saw an opportunity, our founders, Jason Fulco and Oscar Jofre.

They said at the time in 2016, Hey, there's a whole space here where we can actually help these private companies and even public companies. In some instances, uh, dive into these regulations that the sec has in order to raise money directly from their website and let's give them the technology to do. So, so Julian, you mentioned 2016.

Why, why was that a significant year? As far as the regulations go for, um, you know, fun. Absolutely. Yeah. Great question. It was basically back to, uh, the jobs act. Um, and so this piece of legislation really spurred on, uh, the movement that, um, finally took place. And now not to, to forget that there are these regulations, um, regulation, crowdfunding regulation, um, a, those, those types of regulations were in place, uh, for, you know, probably quite a few years beforehand, but the only real.

Traction and formalized once the jobs that kicked in and that kind of spurred on the sec amendments in these regulations in order to, uh, raise capital in private markets. So, so now we're seeing, and as of March of this year, actually we saw the limits on the particular fundraising, um, regulations increase.

So when you go to pundit funding, Cortals laces funding, portals, like, uh, you mentioned start engine, we fund a Republic. Uh, those are funding portals where typically they've raised up to 5 million. Um, well historically about 1.07 million and now 5 million. Uh, whereas now in the regulation, a space that you can raise up to 75 million.

So it's, it's a space that's growing, attracting a lot of institutional money, uh, and, and just kind of really allowing an ordinary investor like you and I to go in there, whether you're accredited or unaccredited. Retail money is in there. And that's, that's the, you know, the, the thing that I'm, I'm speaking about as well is it's an open opportunity to get in on companies at an earlier stage generally.

And so here you're, you're, you're looking at companies where, before it was only really accessible if you had high net worth, or if you had that access through a broker dealer or something to that nature. So Julian, let's talk about the core connect platform real quick. So essentially right now, there's a, it seems like there's a lot of, um, you know, like tools for companies, um, for partners.

W what about for retail investors? Do you see like a future where retail investors will be able to use core connects directly? It's maybe find some of these companies that are, that are raising money, or, um, what are the plans. Yeah. So, so today we're, we remain simply a technology platform we're built on blockchain technology.

So it's really, you know, positioning ourselves to be digital ready. And, and actually, you know, right now we're seeing a lot of shift to different digital assets as well. But, um, the main thing behind it is that at the end of the day, you know, whether it's NFTs or a different type of, you know, um, investment opportunity, it's a security, you know, a lot of times in terms of what the sec views it as it's a security at the end of the day.

And we want to position ourselves to be able to handle that security, not only from. You know, the investment onboarding process. So the pre raise that during the race, but also post race. We're ha we have the tools now for the investor to go in there, view their shares, have access to an ever-growing kind of roadmap of tools that we're going to be launching on the backend to, to look at the, their, their investments and, and when to perhaps, you know, do different strategic moves with them, but also open up opening up a secondary market.

So today in the private markets, the biggest thing that was missing, or perhaps the biggest integration that wasn't as fluid as it could be was the secondary market. And so now there's an ATS that's integrated for the first digital ATS that allows the investor to now have an off-ramp. If they need more liquidity for some of these investments that may have taken a five to 10 year horizon to do anything.

Wait, wait, you can't just say our company is built on a blockchain and then not elaborate on that. All right. Sure. Yeah, absolutely. So our, our, you know, our team actually had always envisioned that, you know, these securities need to move more freely. One of the things that we've positioned ourselves to build it on, um, the Hyperledger fabric, um, IBM's, uh, blockchain infrastructure.

So today we're operating a private, um, a permission-based private blockchain that allows for regulated entities. So when I talk about regulated entities, we're talking about those that are, um, I guess, companies that are regulated by their local regulatory body in their jurisdiction. So today we have 23 different like blockchain nodes around the globe that help, um, you know, meet the needs of the various regulators in those, those regions, but also help to write and, and, you know, write to the blockchain, all of the transactions that get posted.

Um, Julian. So I'm curious from kind of like a macro perspective. Have you seen any trends as far as you know, like companies that are raising money, what types of companies or any trends, I guess that you see you've been seeing, um, through the core connects platform? Yeah. I mean, we're seeing more and more, um, a lot of innovation in how.

Uh, the securities are being structured. So, you know, we, we, you know, real estate, one of these options that hasn't has always kind of been tapping into the private markets for a little while now. And, um, you know, with them, there's different structures of how they create, you know, their, their funds, uh, how they're actually, uh, leveraging different incentives and perks, because at this stage, different from the public markets in the regulation, a and regulation, CF you're allowed to access.

And actually add perks to the investment, to, to try to attract that investor. And so this is something where across all industries, we're seeing innovative ways of how they're incentivizing the actual investor. Um, an example in cases is one of our recent, um, issuers that we worked with was, uh, an, an electric vehicle company.

They actually incentivize not only with bonus shares, so a timed offering where in the first three days they were trying to get as much investment as possible. And so they incentivized, you know, in the first 12 hours you'd get 55% bonus shares and so on, uh, for the first three days, basically, And not only that they could use, perhaps, you know, their vehicle for, you know, once they launched their vehicle lineup, they could have a three, three month lease and you utilize the truck for three months.

So a lot of cool things like that, nature of that nature we've seen with, um, you know, many different industries. Um, the beer industry is another one where you can imagine getting a case of beer on your birthday, just because you invested into a company. So, so really cool things, um, just creative, um, and we're seeing trends like that, uh, happening all across.

Can you tell us who that Evie maker was? We, you sure can. Yeah. So that was Atlas motor vehicle. It's in the public space now, like in the public domain, so we can disclose that, but yeah, they, they're doing a great job, um, out of Mesa, Arizona, I believe so. Yeah. A great company, um, have a lot of traction and this is wasn't their first time going to the private markets, but they're now, um, you know, going out there, uh, again, uh, to, to raise another round.

Um, so Julian, I dunno if you're kind of at Liberty to say. Um, but have you personally invested in any of these companies that are raising money on core connect? Yeah, absolutely. I mean, not only when we empower, but just across different offerings as well, and you know, maybe a little bias built in here, but I've seen different flows in terms of how easy it is for folks like you and I to invest online.

Some are more transparent than others. Some are a little more clunky. We've tried to remove that friction. And really at the end of the day, allow the investor to just, you know, input. Here's my name, here's my address. This is who I am and uploading my information and, you know, going to the payment stage and signing, uh, electric doc electronic documents and submitting their info.

And so that whole process for me on core connects, you know, that takes like under two minutes. And then you're, you you've, you've created the investment. Then we, we have all the checks and balances in place for the broker dealer or the issuer to verify that the company. And then approve it and retreat payments, uh, their investment.

So it's all, it's all built in, in a nice flow. And from there, me as the investor, as welcomed into the core connects platform, I have a beautiful dashboard to look and, and understand where my investments are and all the, all the documents that you'd like to see. And it's pretty instantaneous. Beautiful.

Well, yeah, we were talking about earlier, the thing behind the thing, and it sounds like core connects is trying to be, you know, the thing behind the thing when it comes to, you know, reggae and crowdfunded, um, which, you know, as we talked about is pretty new as far as only, you know, five years since 2016.

So a lot of cool things happening at core connects. Thank you, Julian, for it, for hopping on with us. Oh, my pleasure guys. Keep up the great work and enjoying your banter back and forth with all your guests. It's awesome to see you guys growing as well. Yeah, we'll we'll, we'll have to, we'll have to get you back on, but thank you.

You know, you, you can be like our resident expert when it comes to crowdfunding

and we're not too far from Toronto, so you gotta come down to Detroit sometime check out the office. Oh, for sure. You know, maybe once we would love to go visit you, but we're not allowed on the country. I don't think Canada wants you are now, but, uh, yeah, they finally opened up Aaron and I specifically, you're not allowed.

Well that's cause that's like a real thing. They're going to think we

have a great one. Thank you. All right. AB. Like we may or may not work with some people in the office that actually can't go to Canada, that people are going to believe it in all seriousness. The very first time we did a cannabis conference in Toronto, 2017, I want to say, uh, we, and, and you know, you go to the airport or no.

Well, you, you, you land right in Toronto and they ask you why you, why are you in the country? Um, and, uh, I forget what they told us, but this was like the day, usually the week after. Cannabis was legalized. They basically were like, don't say you're going to claims conferences. Basically when people coming there just for there, we were advised, you just, don't say you're here for a conference on cannabis or marijuana.

Cause they won't like that. And I was all right, I'm not gonna say, um, Jesus walks on water is saying market crash. Incoming. We talked about this yesterday. Spencer, if you keep saying it eventually, um, Jesus walks on water. I'm most interested in whether the market's going up or down and more interested in what are you going to do about it?

Jesus walks on water. It's all right. So, so, so you're going to call for a crash. And then what, what, what do you do about it? You're going to put your money where your mouth is short. The marble. I'm not even saying that it's it's it's w w what is your plan? Seriously? Do you have a plan? I think, I think that if you say a market crash is incoming, you should be legally mandated that you have to shorten the mark.

So all your. You have to like buy spy puts, and that way, if you're wrong, you lose money. If you're right, you make money. Yeah. You got it. All right. It's one. O'clock AB why don't you go get Neil Hamilton going on, on get technical and w w and the show today with a trailer for our next small cap conference, which is tomorrow, wait real quick.

Spencer w we have, uh, we had Tim Quas from market structure edge coming on, get technical. Um, and I think today's a perfect day to talk to Tim. Cause we'll be able to go over kind of market sentiment. Um, see how people are feeling about the markets overall. What time I don't leave. We we've got nano varieties here.

I'm just kidding. No, we don't. Did you say that right? I don't know. Someone said that. I said nano vermicelli earlier. I thought that was pretty funny. Yeah. Right here, James James Pearson and NBC was a no-show AB called it nano vermicelli and they got. That's it. All right, everyone, uh, get technical is alive right now.

Check out our health care conference tomorrow guys, tomorrow, small cap, healthcare stocks. Uh, these are emerging companies and biotech and healthcare. Uh, we have so much interest in this. It's a two day conference with two tracks, two tracks, two days. It's four tracks. There's a lot of companies that are going to be presenting tomorrow and Thursday.

Here is just a preview of what you can.

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Unedited Transcript

Everybody happy Monday. We are back at it another day, another week, another dollar to make I'm joined by Spencer Israel. But what is going on guys? This is the power hour. This is the trade idea show. We're spreading these 60 minutes together every single day, because we want to get the idea flow going, Spencer, how are you doing today, sir?

I'm well, well, I'm doing better than the Detroit lions are and that's all you can ask for. And I I'm in a good mood. It's Monday. It's a big week for us. I've been single. We get a lot of stuff. That I want to shameless, not sort of shamelessly plug, uh, here. Uh, but we'll get to all that. We'll get plug it, plug it now, and then let's get to repeat stuff.

Now we're only doing Rippy stocks today only to rip your stocks. All right. Yep. All right. Uh, oh man. So much to plug. Okay. Let's start with this tomorrow. All access event, um, myself and, um, me and I, uh, going to be talking alternative investments. We talk about stocks. We talk about crypto, um, but we don't talk enough about all the other assets you can have in your portfolio, whether it's real estate, whether it's venture capital.

Uh, we have a show tomorrow dedicated to alternative investments and, uh, how you can get exposure to the, the, not necessarily that you need. But that you should consider getting exposure to in some way, shape or form. So you don't just own, like, I have all your money in like the same five meme stocks or a BBG or whatever.

So that'd be tomorrow from 10 to noon. I'm excited for that. I also want to plug our next small cap conference, the small cap healthcare conference, which is in two days it's Wednesday and Thursday. You can go to B, Z small cap.com to learn more about that. There's the screen a screen is up on there. So BG, small cap.com two day conference tomorrow, Wednesday, Thursday, all day nine to five.

I'll be co-hosting that as well. What else did I want to plug? I wanted to plug. Oh, let's be snacks. Okay. Last thing I want to plug in and then rip the stocks stocks. Okay. Uh, for the very first time Benzinga has partnered with. We are, we are sponsoring a paper trading competition with mumo Moomoo. I'm going to put the, the, the, there is up on the screen.

Okay. So here's what you gotta do to, to play ball. You open a brokerage account.

You why don't I sound weird. You sound fine. To me, Spencer, you open a brokerage account through Moomoo. The link is in the description below. Okay. You fund your account with $500 and then you're eligible to participate. Well, why Albert to participate? What, what I win? Great question. First place winner in this contest gets 24 shares of Nvidia NBDA for free 24 free shares.

All right, hold on. I'm doing the math on that 24 times 2 15, 15. $215 and 15 cents IDs. Yeah. Okay. Second place gets 12 shares of Nvidia for free. So it's $2,500 about right. Third place gets four shares of Nvidia and fourth place. Everyone who finishes between fourth and a hundred gets one share of this other one, P D C O.

I don't know why they went random without one. They weren't Nvidia Nvidia, Nvidia PDCO, but everyone who finishes from fourth to a hundred gets PDCO one share of that for free. Um, so here's, what's going to do you click on the link in the description of this video, you open an account with Moomoo, you fund it with 500 bucks and then you two can play ball and Wayne, if you're the best paper trading winner, 24 shares of Nvidia for.

All right. And if you don't know what Moomoo is, I'll pull up this food to F U T you, you might know the ticker. Uh, this is actually a Jonah Lupton favorite. Um, but this is the holding company. It's like a, like a Robin hood of China type play in a Moomoo is their break into the U S I will be joining the trading competition.

So, and we, we only have links in the chat. Yeah. The link is in chat. It's in the description. We only have like a week or we have, let's see, it says you have to join by the 15th of October. So we have two, three weeks, three weeks to join. So there we go. So I wanted to plug that. I wanted to plug that's where it says right there.

I want to plug that. I want to plug our event. I want to plug our, uh, our all access event tomorrow, and now I'm done employing, and now we're going to rip the stocks. And I had a couple out of the chat Spencer. We're going to do Baba. Does it mean we have crypto? Yes, I believe so. Caleb, uh, okay. Uh, we're stocks.

Let's go first up on the list. Guys. If you have symbols, drop them in the chat we're diving straight in. We're going to try to five stocks, 15 minutes, three minutes, a piece, a naked brand cigarette, N a K D November alpha, kilo Delta. Uh, here is the look at the daily charts. Daily looks decent. We zoom it in to the minute charts.

First time of the day. We're starting to see a, a little bit of trouble over these past few minutes. Um, Spencer, any takes there? I have an opinion. Yeah. I have an embarrassing confession to make until about a minute ago because I've heard of naked brands before. And I've heard of like, I've obviously heard of the stock because it's a, it's a high flyer.

But until a minute ago, I honestly thought that this was the company that made naked juice and that's wrong. That is absolutely incorrect. That is wrong. But I. I thought this was naked. Thank you. Nope. Now that'd be a negative this entire time. This thing got to, you know, this thing went to three 50 or three 40 back in January go to their real websites.

Spencer, what? Naked brains.com. I don't know. Try it. Yeah, sure. Um, yeah, this is it. Okay. So for, for, for nine months I felt naked was like, it was the juice company that they make those really strong, fruity vegetable drinks. Now that'd be a negative. That was wrong. Okay. That shows you what I know anyway. Um, they can brands, this is their actual website, so let's go to the chart.

All right. So, so, so, so back to the chart, Spencer here, let me take it back over. Okay. All right. D here here's the daily candles. Okay. We're we're, we're, we're above this, this previous high that we had in there. Okay. We broke above that today. We, we got directed below. Ah, we got rejected. Below that on Friday, next previous high we're looking out for is all the way off at a bottle.

My I am long and strong naked right now. My opinion is that if, if we can buck this downturn that we've seen between when the show started and right now, uh, we're, we're in a decent position to keep running. This is definitely one of those docs that gets Mimi. It gets Rippy look at this, right. We saw that hop earlier this year from like 20 cents up to $3 and 50 cents.

Does it get there? I would, I would be skeptical, but if the momentum continues today, I think a dollar is absolutely insight, uh, from a pure technical basis. Yeah. A but a dollar is also like so pure technical energy to baby naked brand says energy power. You were just on the. I I'm, I'm just saying like a dollar is like, so psychologically significant that if like, okay.

I would just say if I wanted to, I don't even know if you can short the stock, but if you want shorter and you could, you, you wouldn't wait till a dollar, you would go, like, I I'm sure there's a lot of people at like 99 cents is all I'm saying. Sure. Yeah. Yeah. 95. I'll take it. Okay. 95, whatever. So, and strong.

I'm letting it rip today again, but between when this show started in now, what was the first sign of trouble that we've run into today? Right? These are the minute candles, uh, and we had a couple of decent size grad bars, but, but we'll see we're at 80 cents right now where we got to, uh, 80, almost 83 cents.

This, uh, that was the high of the day. So. There's one, five stocks, 15 minutes. Do you want me to call it or you want to pick next? All right. Next would be Sackler day. Ticker BBI, G Vinco ventures. Spencer. You talk to the CEO or chairman of the company. I don't remember which so the view. Okay. Remind us what the company does.

A Tik TOK. Uh, can I, it, it is take of India. Yeah, India and, and other geographies. Yeah. Right now we're looking at daily candles, obviously a ton of volatility over the past couple of weeks today, the stock is back in action. Up 16%, no news out on it. Um, I I'm, I'm curious. Where is everybody at with, with BB?

I G if you like the stock right now, drop the one in the chat. If not drop the. And, and even for, for let's, let's just play imagination. Okay. It's Monday, we got to wake up our fingers a little bit. If you're not taking a position one way or another one in the chat, if you would buy it here, two of you would sell it here.

I'm curious where everybody is at to having an opinion, too, for Spencer, I would sell it here. Um, I'm also a seller here, uh, and I'll back it up trend is your friend where we're in a downward trend for the past couple of weeks, uh, that the, the candle for today just moved rad, which means the stock is trading where below where it opened.

It's still obviously above where it closed on Friday, but we're now back below where it opened. Uh, we, we have the downward momentum. Uh, we have the red candle today. We have no news, uh, that, that came out to justify the pop that took place today. And so, um, I'm also going with the. Yeah, I would be against it.

If I had to pick one way or another important number on this is $8, right. That was the high that we got to add. So, uh, five 30 this morning, we are $8. So we're w we're we're, we're further off than it looks. If you only look, if you're ignoring the pre-market session, you're, you're missing the higher, the day $8 there.

So I would sell BBG here and I would, yeah, this is, this is not my style. This is your style. It's not my style. I love these types of styles. We're doing Rippy stocks today. All right. We did too. But I like BBG. I don't. All right. It could be wrong on him, but, but that's the way that I'm playing it today. And chat is pretty divided on this one.

We have just about as many ones as we do twos again, one was people like. Two was people don't. What about Celsius? All right. Let's, let's look at Celsius next. And then we're going to get to Baba in a second here, uh, Celsius. Uh, I'm also long and strong Celsius. If you don't know this one, it's like an alternative energy drink maker.

It's like, uh, uh, basically slightly healthier energy drinks, but I'm still, I'm sure. Still not great for you. Uh, you know, uh, all, all the fundamentals continue to be strong except for the valuation ratios on this one. And what I mean by that is that sales are still flying off the shelves. The company sells inventory problems because demand has been so.

The stock is very, very expensive. It's trading the teens of, of, of, of price, price to sales versus maybe like a four and a half times ratio on average for the S and P 500. Uh, that's sad. The sales growth, I think will keep the momentum alive. So I have been long and strong, uh, Celsius from the seventies.

Wow. We're at, I know it's a good grade. So do you have a plan here or are you just riding the wave? I'm riding the wave baby. If momentum cracks that, then we'll hop on. Um, what does that mean? If momentum cracks, if we get so, so today we're off 5%. That's a painful day. It's the biggest loser in my portfolio was a position.

It was, it was, it was a big position that one of the largest positions that I put on it grew to be larger. We're off 5% today. The, the portfolio is, is definitely bleeding from that one still green today. Thank goodness. But this is, this is the biggest, the biggest hit to the portfolio of the day. Uh, if we get another ride candle like this tomorrow, uh that's when I'll start rotating out of it.

Yep. So all it'll take is, is like another, another 5% day. Yeah, yeah, yeah. We have a 1% day. Okay. Maybe the tide is turning, but if it's another day of, of rad and we're down off another 5% Obama out of it. Wow. Okay. Short pay, uh, short trigger finger. I like it. Cause, cause you've got. Yeah, exactly right. It's been several weeks.

We wrote it from 70 to 95 right now. Great freaking trait. Thank you, sir. Yeah. So now he's going to wait, you know, right in 94. So let's say if Luke wakes up tomorrow and saw ceases at 90, he's done. And, and, and here's what I'll say too. Obviously we can't predict too far into the future, but this is a stock that I will absolutely look at to trade into earnings again.

So it's the next earnings date is scheduled for 11, 11. Make-A-Wish Spencer. Whoa. And here's the, but it's one that, again, I'm not, I'm not saying that I would, would hit it long back into earnings, but it's one that I will absolutely look out long back into earnings. Because again, that the story is, is, is the fundamental one.

The stock has the momentum right now, um, which I check out the sales growth on this. And Spencer's, this is quarterly revenue. Uh, over the past year, we went from $30 million of sales to $65 million. What is the market cap here? I said that all the fundamentals are great, except for the ratios. Okay. For a company that made 60 million mill million with an M quarter of quarter.

All right. Here's my question. Is are they going to, going to come out and blame a supply chain of woes? Yeah, but they already have. Oh, they did. Okay. Revenue will still be good. They'll still blame supply chain and they'll they'll they'll beat and raise again. That's all I do. They're just beaten. Or he's beaten, raised, beaten race.

Fine quarter after quarter after quarter. Oh man. I know. Look I, who am I to poopoo this you've written the wave. Great trade. The new Navy. I just ride wave valuation means nothing. When you're up in your position, when you're down, it means everything. But when you're up, it means nothing. So it's a great track.

Good. Great job, man. Good job. Alright. Five stocks, 15 minutes next up on the shot pocket. Yeah, this is Alibaba's thing is, is, um, I can understand why you would look at this. Why anyone would look at this and say, oh, how could I not take a flyer? Right. It got to 1 44 this morning. I can understand the temptation for a stock that was basically $300 a year ago.

It was 300 pockets. It's coming to zoom. Yeah, Spencer. So, so now we're looking at a five-year chart with, I believe monthly candles. Yes. These are monthly candles. I now brutal. It's brutal. It's brutal. Um, if you want to take a flyer, I guess I would say if you do whatever you want, but waiting the flyer on this one is with long dated calls.

In my opinion, we, we, we, we looked at them briefly last week. I didn't take any action on it, but, but, but basically I think it was though one 70 calls that were about a year and three months out, 15 months out or something like 13 bucks. So, so it's definitely on my, keep an eye on it list. I think if you want to take a flyer, it's a pretty capital efficient way to do it.

That's PR yes. That's probably the most efficient way to do it is, is, is leaps. Um, cause you know, you have it, you have it defined a risk and, and it's efficient use of capital and you're you, and you're not married to the next few months or because this thing could, oh, who knows where it's going to stop, but.

I don't know, like part of me wants to, and part of me doesn't, I'm hands off for now, but it, gosh, does it walk? Does it look like a snack as Neil would say, right. I 1 48 here do it Spence. I I'm not going to do it, but there was a part of me that absolutely wants to do it, wants to buy this stock or, or I'll buy some long data calls or whatever, thinking about it in the chat.

Uh, he sold Baba puts for one 20 expiring this Friday. Wow. Yeah, I think it's a decent trade. It can't be a highly lucrative trade. So basically as long as Bob was at one 20 or above by Friday. So it's 1 21. No, not one 20. Cause it's it's whatever he, he pocketed from, from the sale. Right. So let's say it's a dollar.

It's not going to be much. No. All right. You're right. You're right. Um, all right. If anybody else has any action on Baba, put your trade in the chat long, short. I want to see where that's at. Yeah, it does. Look, I look, you guys know, I own all these Chinese internet stocks for, for years. And then I sold via the one ETF and I sold that and I'm out and Spencer five stocks, 15 minutes more on the list.

One more. And then we're going to have to bring on our guest, our first guest, the one on Europe on your list. G G all right. We have a new spec deal guys. News one year chart, daily candles. This was a pre announced back and has now announced a deal. Uh, I know that we're coming off of SPACs attack. Uh, but, but this one, we, we have a little bit of a.

Experienced with a company called Pollstar, which is Volvo's, uh, electric vehicles. Company has been funding. You, you test drove this car, did you not? I drove the shit out of this car. I would say Spencer. Th that's the technical term. That's the technical term. Yes, we, we got one of these vehicles at Benzinga, uh, again for fully electric car it's it's the company that, that Volvo has been funding, uh, and it was a pretty awesome ride.

Uh, you know, the styling, I didn't think was like very impressive or interesting. Like we see out of a lot of these new Evie companies, uh, but the drive was incredibly smooth. The car was incredibly fast and the interior was, was great, uh, amazingly comfortable. Um, so, so I was a, a big fan of the drive experience on the book.

Okay. I, I mean, I w I wouldn't know, I wasn't invited, but it looks amazing. I will say that it looks nice. And in this, the thing was fast, Spencer, I didn't even have the fast version. All these electric cars are so fast. Th the only thing, like, you know, what's wild here is like, okay, in Eve you spec the old th that's.

So in an EVs back in September, that is so 20, 20. That's like, you know what I mean? Not so lucid of them, these guys are like a year late, aren't they? No, yes. So, so here, here's my, here's my take on the trade. Uh, if I had to pick one way or another, uh, and, and, and I may get into this one later today, I would pick it long.

Uh, again, I think it's, it's one of those names that the vehicle is, is interesting to look at. It's headline. Um, they, they are starting to get out onto the roads, at least in a test capacity. Um, so it's a little bit further along than lucid as I believe. Uh, but if I had to pick this one for a swing trade one way or another, I would definitely think along.

Wow. All right. I was surprised to see this today. I didn't, I thought we were done with the EVs facts, but I, yeah, I thought we were done with the, I guess we're not. All right. Look, we're running a little bit late here. Uh, we got to bring on our first gas. All right. All right. Let's do a Spence. All right, Dr.

Adam Caplin, who has forgotten more about science than you and I were even know he's a PhD. He's also the chief scientific officer of my M D pharmaceuticals. Here we go. Dr. Caplin. Good morning, sir. Oh, no, you're on mute. Check that mute button on the bottom there. Thank you. Technical things that are difficult.

Always the technical things that are tricky and. I'm doing well. And how are you, Spencer? It's a beautiful day. We finally have our fall a days here in Baltimore, so we're enjoying ourselves. Nice, nice. I have a soft spot for Baltimore. I went to the university of Maryland and so I have a soft spot for Baltimore and, and, and that state, uh, Adam, let's talk about my MD for a second.

Thank you to ever put the, uh, the ticker up on the screen there. Uh, that wasn't me, uh, for those who don't know, tell us what, uh, my MBA, what you're working on. Well, we're working on two main, um, uh, drugs under development. One is my MD one and the other is superior CBD. My MD one is looking to be, um, a game changer in the area of treating auto-immune diseases and delaying aging and superior CBD is as the name implies a super new form of CBD.

Explain that a super new form of, yeah. So essentially it's not a huge change to the molecule. Um, it takes one of the six member rings and turns it into a five member ring. Um, more details than you would possibly want to know, but essentially the Tran, uh, the, the outcome of that is that not only, um, so first of all, you have to understand there's two binding sites that we all have within our bodies and our brains and the immune system for any cannabinoid, meaning THC, any marijuana based drug, um, one is CBD one, the other is CBD.

Sydney one is what gives you the intoxication? The high from THC and marijuana CBD too, though, is a really unique receptor. That is the brake of the immune system and has very potent anti-inflammatory effects and the ability to help preserve neurons, um, and preserve, uh, you know, the brain other under attack.

So what's really unique is we first found that superior CBD bound four times more tightly to the CB two receptor, but binding isn't the isn't the key. The key is once then, what does it do? And it turns out that superior CBD when it's bound to that CB two receptor, the one that's on all the immune cells and in the brain under, uh, under attack, either epilepsy in the light.

Is, um, 8,000 times more potent at activating the CB two receptor. So that's a huge difference. It really is a very potent drug at activating the OD the break for the immune system and preserving neuron, neuronal function of the brain. What exactly is going on here? You have, you have, uh, studies, uh, you have two drugs in the pipeline.

You have studies going. What is the status of those? Where are you in the regulatory? Yeah. So that's a great question. With superior CBD, we are doing the preclinical studies. It's the newer kid on the block for us. And, um, we are currently undergoing all of the, uh, regulatory toxicology studies and safety studies were about a year from being able to get that into humans.

Um, my one has already completed its phase one studies. And this year we plan to start two studies, one looking at aging and the other, looking at COVID-19 to treat inflammation and, and to slow aging down. All right. So we're still early days in this. Process for the superior CBD, where early days for my MD, when we're getting into phase two sorority, looking at treatments for aging, and COVID-19 in humans this year, we're going to start to two of those studies.

So we're much further along it's, it's, uh, a molecule that we've been working on a much longer. How long have you been working on it? Um, it has been roughly four years. I should tell you, I joined the company a year ago. So, um, you know, I most familiar with the stuff that's happened since then, but, but it has been, uh, working on, we've been working on it for four years.

So we have the safety, uh, the toxicology studies and all of those. Uh, and do you have, I guess you're, you're getting into phase two right now. Uh, do you have an idea of when, of when that could start even, even end the, the. Yeah. So there's two trials. One is that COVID-19, um, you know, it's obviously still going on, which really dramatic about COVID 19 is that it's the inflammation that causes all the trouble.

And so my NB one is, has both good effects on blocking inflammation and bringing it down and slowing aging. I'm happy to talk about a very exciting study that's under review right now, um, out of a major academic institution, but, um, so the first thing, the COVID 19, it turns out that that inflammation has effects on the brain, including brain fog and depression, post COVID.

These are very common up to 50% of people will have, um, a post COVID depression due to the inflammation and this brain fog that often goes along with it. So we are studying the ability of my to treat that, and that will be a second. Uh, treatment trial. So because it's only six weeks, we should be able to get everybody enrolled, um, this year and have the results in the first quarter of next year.

The second study is on aging and that study will be a six month trial. So we started this year. Um, it's going to be probably a fourth quarter of next year that we'll have the results. Alright, so I have, uh, two, two trial results, one in the first quarter, one probably around a year from now. Yeah, that's that's I think that's a reasonable assessment.

Can I tell you about the, the aging, uh, the result out of this, a major academic institution what's really remarkable is that currently the best treatment that has been seen in animals to extend the lifespan of animals in terms of a drug is rapid myosin. So this study using my MD was comparing my MB to rapid myosin and rapid myosin plus Metformin, but that.

Complicate things and what happened, but you have to understand finding a drug that can actually delay aging is so critical. So this study took mice that were the human equivalent of 60 years old and treated them until they were the human equivalent of 90. And essentially being on meant that you were four times, 400% less likely to die.

If you're on the, my MD than if you were on the rapid myosin. And that's a huge impact, highly statistically significant. And we think we're working towards an understanding of how this actually works. The critical thing, Spencer though, is it didn't just extend the lifespan. It, these mice retain their. And their cognition.

So it's not just a drug that could, if it works in humans, like it works in mice, uh, extend the human lifespan. It could slow aging. So it's not like we're all just going to get old and demented, we're all going to lead longer, more productive lives. If it doesn't humans would it doesn't matter. All right.

Well, we'll know more regardless. Uh, next year, Adam Kaplan is the chief scientific officer of my MD to grim YMD, we'll know more from the one trial and in Q1 and then the, the, the longer trial, uh, in, in, in Q4, hopefully next year, Adam, thanks for coming today. Thank you so much, but if you're always a pleasure to work with you and right.

I see a bee producer. AB is he here? I just saw him. I just saw him producer. AVRC you lurking. I see you lurking. Uh, while he's getting his stuff together, let's just do a real quick. Crypto update because, uh, I oh, there is. I heard my name. Yeah. Hey, how's it going? Tell the people why you leave today. Um, so I was just at a press conference at, uh, the Detroit golf club for the rocket mortgage classic.

Uh, they were announcing that rocket mortgage is extending their sponsorship of the tournament, um, through 2027. So some exciting news, just have one question. Will Phil Mickelson be at the next one? I don't think so. Based on last time he, uh, some Detroit writer did not make him happy. Yes. Yes. Anyway, wait, I just want to do a quick, quick crypto update then we'll go to our next, get our next guys.

Cause that same here real fast. AB why did you bother different crypt? They want a Friday, cause I did not. I kind of a. Uh, I just didn't. I know, but, uh, Spencer, so I'm in a couple fantasy football leagues where we're talking about, well, really just one. We were talking about like putting our pool for the league into crypto and we were texting this weekend, like, oh, now would be a good time to throw it, you know, in a theater.

We want, we want to throw it in something that really has a chance to like double in the next six months.

Okay. Hey, however you figure that out. You let me know. Okay. Got it. Yeah. I'll let you know how it goes. Uh, whether it's Towanna, uh, eith I dunno, BTC. Those are the three that I on Cardona. I dunno. Um, but here let's you go to a charter for a second and then we'll, and then we'll go to our guests. Yeah. So, so we had that sell off on Friday and it happened, like, you can see there that we actually closed, you know, about halfway between, uh, the high and low of the day in Bitcoin.

And so, uh, we kind of came back so fast. It, I kind of feel like I missed my chance, so I didn't, I didn't do anything basically. In summary, I did nothing on Friday. I thought about it. I talked about it and I did nothing. It's the same thing, right? Charts are identical thought about it. Did nothing. I want to know if anyone bought more.

I should have, I, I, I always regret not buying more. Every time I regret not, I think on, on some different brokerages now you can set recurring buys. So like, I don't think it would be dumb to set. I should've just dollar cost average. I don't know how, I don't know how to set it up though. Maybe I, I, what brokerage are you using?

Yeah, I'm using Coinbase. Is that, is that bad? I don't know. I mean, I'm sure on Coinbase, I know Robin hood, they just like enabled recurrent investments into crypto. So I'd imagine Coinbase. So you can too, um, since obviously Coinbase is more crypto focused than the only reason I use Coinbase is cause I literally just like did eeny meeny, miny, Moe.

I was a guy one like, yeah. There's no special reason why, why I use it. It was, it was a spontaneous thing. I didn't think about it. I didn't do any research. I didn't think about it at all. I just did it. Um, anyway, speaking of crypto and buying it, you can get $50 in Bitcoin for free. All you gotta do is download the Voyager act.

Fund your account with a hundred dollars, make your first trade and use the offer code zing that Z I N G it's up on the screen that will get you $50 in Bitcoin for free. The crypto updates that we do are brought to you by Voyager. I should, maybe I should just, I should probably switch off Coinbase. I, I have no allegiance to them at all.

Even if you go to Voyager. Yeah. I don't know. I don't know because I swear, I don't know how to use that app at all. Anyway. Uh, okay.AB it's 1247 and we didn't get to any of your stocks that I don't know what you, what you have on your, yeah, I've got a couple of things, Spencer. So first of all, um, you know, if you notice the title of this video stock market crash or new all time, and you're wondering, uh, you know, what's sad about, so over the weekend, um, the real Kiyosaki, I hope I'm saying that, right?

I saw this tweet tweet on Twitter. He made a big waves in the fin twit community. This is the author of rich dad, poor dad, which is a very popular book among investors. Um, full disclosure. I have not read it. Let me know in the chat, if you think like, oh, B you must read this book. Or if you're like, oh, you've, you've made it this far without reading it.

You don't need to. Um, you know, so anyway, he, he tweeted giant stock market crash. Come in October. Why treasury and fed short of T-bills gold, silver Bitcoin may crash to cash best for picking up bargains after crash, not selling gold, silver Bitcoin yet have lots of cash for life after stock market crash stocks, dangerous.

Careful. So this caught a lot of headwind among the investors. Um, you know, uh, this guy Kiyosaki, he's known for kind of making some hot takes on Twitter regarding Bitcoin. Yeah. I never met him. I don't know him. I've also never read his book, but I will say this. He has made these calls before. This is not the first time that he has come out and well, I'm glad you mentioned that Spencer.

Cause I was just going to bring up this in the replies and someone essentially like super imposed some of his tweets over the S and P 500. So dating back to 2011, um, you know, he's been calling for a crash like periodically, uh, I'm an actor and actually here, let me try to zoom in a little bit. So you guys can see Spencer.

I don't know if you can make this full screen. So here, um, this one in 2018, he's he retweeted an article, I guess essentially saying that a biggest crash has come in and to his credit, there was a strong dip, uh, kind of like directly after that, but nothing really of a crash. And the only time he was ever somewhat vindicated was here in the COVID crash, which of course, uh, you know, an obvious factors playing into it.

Other than just, he said the crash is beginning on April 17th. It was already over by. Oh, no. Yeah. He's yeah. Crash only beginning, April 17th and the, and the markets from then, you know, went way higher than the previous levels before the COVID. So, you know, to say he's been wrong numerous times and calling this out would be kind of an understatement.

Someone else on Twitter, you know, said, if you listen to him, your returns would be 0% since 2012, because, uh, I guess 2012 was the first time he recommended kind of going all cash. Um, so I don't know. So it's, I mean, it's one of those things to me, that guys like this, that, that keep calling for a crash eventually they'll say, Hey look, I was right.

But it's like, yeah, but you were wrong for 10 plus years and you missed out on all these gains, you know, from the spy. Yeah. Christian gala Gallagher, and the Chad saying he will be right eventually. I mean, yeah. If I keep saying, Hey, the, you know, the market's going to be down every day. Eventually I'll be right.

I, if you call for the world to end one day, the world's going to end. You're going to be right. It's just a question of, are you alive? Yeah, right. Um, so, so I, you, so the title of this video, again, I made it stock market or new all time, high stock market crash, or new all time highs. Spencer, we've talked about this before.

You and I are both on the side that we will see new all-time highs before the end of the year. That's not saying we're, you know, Betty don't, you know, whatever. We're just, if we had to pick, will there be new all time highs or will there not be we're on the side that we think there will be? So, yeah, I have a bet on with joy and the bet is referring to the S and P 500 specifically, which I actually don't know how great I feel about that because the more I look at the spa or the S and P 500, the more I realize, not that I haven't known this, we've all known this obviously, but the spy really is just, it's just six stocks, right?

It's it's it's fat man. Right? F a T M a N. Right? It's Facebook, apple, Tesla, Microsoft. Alphabet, Amazon Netflix, right? Those right. I got there, right. Fat man. Yeah. Fat, M a N uh, seven, seven stocks. And whatever those seven stocks do is going to be whatever the S and P does. Uh, w w let's just do a quick, let's just do a quick, um, let me go here we go.

Want me go to ETF, db.com and we can, excuse me, let's do some quick math in our heads. All right. No, not in our heads. Yeah. In our heads. Okay. Uh, let's let's add up these, these holdings. So apple is six plus six. We'll call it 12. Uh, we'll call that 16. Uh, we'll call that 18. We'll call that 20, uh, oh, wait.

It's actually, um, Yeah, it's alphabet for cause there's two share classes, but, uh, uh, so call it 22, call Tesla. We'll just call it 20. You want to call it 25? Ian we'll call it twenty-five even actually the end in fact, man could be Nvidia. We'll call it 20 or so. So 1, 2, 3, 4, 5, 6 stocks are 25% of the S and P give or take.

Um, it's not exactly, obviously. Um, and so it's, whatever those six are going to do is whatever the spine is going to do, basically. Right? So a day like today, where like you could say the market is up Mo there was way more green than there is right today. And yet the spies on the red, because those six stocks are not.

But if you look at the IWM. I have a great day. Wow. I'm looking at Tesla right now up about two and a half percent, almost at $800. I feel like Tesla has quietly, um, you know, gotten back up to $800, maybe a little bit absent with some of the attention that Tesla has gotten in its previous runs, maybe, cause it's just been kind of a steady climb to 800 over the past, uh, you know, four months or so, as opposed to it being up 10% every day or whatever.

But, uh, I mean the chart looks insanely good right now. Congratulations. Hertz comes and says that was as best day all year. That's great. Um, so anyway, to bring it full circle, I do have a bet on that thing that says, we'll get the essence, a new all-time high in the S and P by the end of the year. Um, but it's really what it comes down to is whatever those six docs do is what it's, what the SOP is going to do.

So I, I'm going to try and wean myself off of the S and P um, it's hard though, to just use it as your gauge, but. I'm still balling. You're saying you don't think it's a effective gauge because it's so heavily weighted among those. Yeah. I mean, we talked about, we've been talking about this for months. I'm pre-market prep, but it's hard to change to change your behavior.

And I did recently, not recently, like a year ago, I think I changed the weightings in my, this is like super, like, I don't know, not narrative, you're not wonky, but this is just like, this is super boring, but I changed the weightings in my 401k to be 75. I have two funds, a small cap and a large cap, and I made it to be 75% small cap, 25% of large cap.

Wow. Yeah. Um, what was the thought process going into that? Originally? It was flipped and then I, I realized, no, I want to play with the other way. Small caps is a historically outperformed and well large caps. It's this it's really not, it's not even large cap. Six mega caps. And I was like, I don't want these six docs.

So essentially, I mean, obviously, you know, you said small caps, like historically tend to over-perform, but I think over the last, like 10, 15 years though, you know, the apples, the Google Facebook have just had ridiculous returns compared to the small cap. So you're saying essentially you're betting on that.

There'll be a, kind of like a reversion to the means and the small caps got to catch up with these big guys eventually. Yeah. I mean, there, there is data. Hold on a sec. I'm trying to find the page where I, uh, where I, I favorite thing, I kind of agree because it's like, look from 2000 to now 2021 for the past 21 years, the best investments have been, you know, Amazon, apple, Google.

And I think it's like time now that we start looking. Forward to the next, um, you know, what will be the next, the best investments of the next 20 years? Maybe it, maybe it is still apple, Google, whatever, but I think we might, you know, get some new, um, see, I just don't know. What's what are the most innovative companies out there right now, um, that are going to be more that are going to be able to grow at the pace that apple, Google?

I don't know. So when I say historically small caps outperform, I'm not referring to the last decade. The last decade, large, you guys know this large caps, dominate, dominate, dominate, dominate annual, um, gain of call we'll we'll call it temporary. We just round up, but call it 10%, right? Just 9.8% annualized gains, huge small caps around 8.9%.

Uh, but if you go back like 20, 30, 40, 50 years, small caps have the edge, if you go back further. So I, I don't know the answer to your question AB um, But maybe, maybe it's the group of stocks that's been like that we're like rallying, like crazy. And I've been beaten down this year. Saw someone mentioned DocuSign.

DocuSign is actually held up, rotate that stock's just so expensive. I feel like, I don't know. That's the problem is he, these stocks like, like you, you might love a zoom or DocuSign or a, I don't know, a Roku or a square, but they're just, I think let's think about it this way. So the companies, the mega caps that have grown over the past 20 years so much, you know, whether we're talking apple, Microsoft, Google, um, they're they were kind of in emerging markets in a way.

So you think about it like apple, like smartphones. When smartphones became popularized, apple was in a position to put out the iPhone and become the most popular smartphone smartphone. So I think if we look at like, what markets do we expect to continue to grow? So, you know, we've seen it with EVs where like a lot of these companies, like you said, just got super expensive and then now are, are getting beaten down.

I think there will be kind of winners and losers out of those. Like, I don't think every single Evie stock that ran back and who's going to pick the winner. Not me, not me. Probably Warren, probably, maybe no. Warren, you think Warren Buffett's in a bind and Eve stocker you're out of your mind? Not now. Well, Spencer.

He, one of his biggest holdings is in a BYD, which is an Evie company. Second of all, I think once he is able to identify like the companies that make money, these Evie companies don't make money. Well, like I said, he's a big investor in this BYD Evie company, so he's got to believe in it somewhat. Um, yeah.

Thank you, Chris. Backing me up in the chat. Uh, I think he'll, he'll recognize be able to recognize which one of these companies will be able to make a bunch of money. Um, other emerging markets that I could see coming in the next 20 years, I think there's a lot of, um, things in the medical field that will be big, whether that's tele-health, whether that's, uh, and I'm not just talking like biotech companies that make different drugs.

I I'm saying like companies that will kind of like revolutionize health. Uh, so I've already made these calls in my portfolio. I've already made these calls. Okay. Here are your big ones. This is my portfolio. Okay. Let me make the names bigger so you all can see, okay. I've already made these sector. I like making sector wide calls.

Okay. I've got cannabis. I've got cyberspace. I've got 5g. I've got e-sports. I have a very, very, very small piece of space. I literally have got like, probably like 10 chairs of space of, of UFO. Right. Very small. Okay. I've got a biotech. I've got this, uh, the, um, uh, SRV, R it's it's a, it's a data center REIT.

It's basically just like, it's a read that owns data centers and server centers. Okay. Love it. Everyone needs data. Now, whether you're in the sports gambling industry, whether you're in healthcare, everyone needs, everyone needs. Yep. I've got blog. I've got the blockchain ETF, a little bit of that. I've got clean energy PBD.

I've got small cap industrials and the, and these are the calls that I'm making. And for a lot of the year, it's been pretty brutal to be in e-sports. For example, it's been horrible, but I don't care about this year in e-sports. So I've made my calls, cannabis, cybersecurity, e-sports 5g biotech server. Ah, small cap industrials and clean energy.

That's what I've got a Christian there's two BYD is there's Boyd gaming. Um, which is what I think you're referring to. There's also someone through the ticker in the chat it's on the OTC, since it's based out of China, it's like BYU DDF, I believe. Um, it is a Chinese Evy battery maker, or maybe they make cars too.

I don't know either way Burke share, uh, and Warren buffet holds a significant stake in there. So, um, might be wanting to check out, but Spencer, we are wrapping out of time. I'm going to see if Neil is ready. Um, oh yeah, shout out and Verso win a year of Benzinga pro entered one a year. Benzinga pro if you sign up for our healthcare conference, that is starting on Wednesday.

Um, if you go to BZ, small cap.com, you can sign up for free and, uh, yeah. Enter to win a free year. Benzinga pro yeah. I have a last thing to plug again. Just as a reminder, check out the Benzinga Moomoo trading competition. AB probably has no idea what this is, but that's okay. He's not paying attention. Uh, so click on the link in the description.

First place gets 24 shares of Nvidia for a free second place gets 12. Yeah, it's, that's a lot of money. Five grand, man. Am I allowed to participate yet? It's yes. Click on the link in the description. I already have some shares of Nvidia, but for opening an account or Moomoo funding with the $500 and you are eligible to, to participate in the Moomoo and Benzinga us paper trading competition.

Uh, the last day to enter is October 15th and it ends on the 29th. So the link is in description. It's also in the chat and don't say, didn't warn you because I do. I warned you. There we go. All right. That's a wrap for power hour today. Let's get Neil going on, get technical, everyone smash that like button and, uh, we'll see.

Y'all later. It's the green today. Everyone. It's a green, it's a green day.

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