The Trade Idea Show

Episode Summary:

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

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

FED Talk

$RGP ,$PRTS,$CAR, $PHUN

Guests:

12:10 pm ET Randall Crowder and Ryan Costello

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

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

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

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

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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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

I believe we've had Levon as well. So welcome back guys. How are y'all doing on this Wednesday? We are doing great. How are you guys? Good. Good. So for some of our audience that may not be familiar with car parts.com, can you guys just give us the quick elevator pitch 60 seconds so we can get into the school.

So I'll do it. So we're, uh, we're an online retailer specializing in auto parts. We sell collision mechanical performance and accessories. And what makes us unique is that we have our own supply chain. We import straight from the factories in Asia and domestically. We bring all the inventory in our distribution centers and we sell them directly to customers.

So what that does is it allows us to sell premium quality parts at competitive prices. Got it. All right. Well, give us a second because there is a site. Can we start? Cause I have some questions. Let's start with Spencer's questions. We'll get some from the chair. Can we your own supply chain? Uh, what, why, why do that?

It seems like an obvious thing to do now, right? When there's supply chain chaos everywhere. But at the time, I'm sure that was not an obvious thing and there's a reason, not everyone does it. Right. So why, why, why do that, uh, at the outset? Yeah, it's a great question. And it's an obvious thing for us and it's been obvious since we joined the company three years ago, it's about controlling our own destiny.

It's about vertical integration in order to offer the best quality products at the best prices you want to control the whole journey from factory to fulfillment centers, straight to the customers. So no middleman, no third party. There's no one in between making a markup and we can offer the same, same parts at great price.

So it looks like we do have our first question coming in from Brian baller. He's asking thoughts on Tesla taking over the car industry. And I'm going to add to that a little bit, because I know Tesla famously has less car parts than other cars. Yeah. So I'll take that one. So I think if you think about the car park today, you know, there are 286 million vehicles on their own.

And the average age of the vehicle is about 12 years. It's the oldest. We've seen, uh, cars on their own, uh, to date. Yeah. And, uh, if you really think about how many cars Tesla is selling per quarter or per year or whatever number you want to take, and it's a very small percentage of the car park. So it's going to take a long time for not just Tesla, but all electric vehicles to penetrate the car park.

But we have been getting ready in January. We'll launch a car cars.com/cd. Uh, we have over 700,000 applications, uh, and different parts for electric vehicles. Uh, we were also a launch partner for TRW and their blue line, uh, which has brakes for electric vehicles. Um, so w we have been getting ready. Um, and the other misconception is that Teslas have fewer parts.

You know, 90% of everything that was sell is, uh, really drives through Gnostic. So, you know, Tesla has bumper covers and mirrors and the headlights and control arms. Um, and sure you have three plays breaks less frequently because of the way the, uh, the car, uh, breaks on its own when you release the gas bottle, but it still has those parts.

Wait, just real fast. Um, the average age of the car in the us 12 years, how does that compare to historical averages? I too used to be, you know, between 10 and 11 and it's been slowly climbing. So, you know, we went from 10.6, uh, maybe 10 years ago to, uh, 12 years, uh, this year. Uh, ah, okay. Moving on. So easy, Mike is asking, do you guys currently have any deals with the major automakers?

I was going to say what's up easy, Mike. Cause I like the name. I think actually you bring up a good point. Then what makes our business very unique is our private brands. 90% of what we sell is our own brand and our own product. So that's how we can, we can have the same quality as the OES, but at more attractive price.

And we're also, you know, early on in our journey, we decided that we wanted to reduce the paradox of choice for the consumer. So our goal is to offer the customer a good, better, best selection. And you know, if you think about an OEM part, you know, it's extremely expensive in most cases. Uh, there's really no.

And a lot of we parts, uh, you know, we create our own catalog, right. Their own data. And so eventually we will offer consumer choice to buy an OEM part, but the aftermarket parts are just as good. Um, and often they're sourced at the same factories as where OAE make their parts as well. Got it. And so Eduardo Gonzalez in the chat is asking, um, do you guys offer a lifetime warranty on your parts or, or if any warranty at all?

What's the duration of that? Yeah, we're actually in the process of rolling out, um, all new policies in terms of returns, uh, we're really want to be consumer centric. And so, uh, over the next few months, which we'll see, we'll see us roll out as hassle-free returns. So the first 90 days of the, uh, of you owning the product, you'll be able to return it to us.

Uh, no questions asked. Um, and then after that, there'll be a lifetime replacement guarantee where, you know, if you buy a set of brake pads, you'll be able to use those brake pads. And then in a year or two years, whenever they wear out to return them to us and buy a new set and get us afraid, I think Eduardo brings up a good topic.

And if you look at some of the, some of the specialty retailers that are doing really well right now, whether it's chewy or Warby Parker, some of the online players, their return policy and their warranty policies is what also makes them very unique. So that's one of the things that we're looking to match and, and improve on over the next few weeks.

Got it. Yeah. That that's interesting. Um, someone else is asking a good question to chat rich. Kaiser's asking to have I saw this one. This is a great question. How far back in years do your parts go for the people who have classics? I mean, we're up here in Detroit, Michigan. So a lot of people out here are driving cars, you know, from the classic cars really from before you were born.

So literally we go back to, uh, about 1980. Um, we are in the process of expanding our assortment and identifying gaps in our catalog. And so classic and the restoration is definitely, uh, one of the areas that we want to pay attention to. So you'll see us kind of start catalog. There'll be calls, you know, and go back to the 19 56, 7 twenties, um, as we kind of attack new areas and get a new, a new arts.

And there was another good one here I wanted to get to your film, the chat that I just saw. Uh, and I want to, um, yeah. Okay. This is going from bread, bread goddess. I don't think we asked this one. Right. Uh, do you work with individuals or companies? Is there any you can name? Uh, so we primarily ship to individual consumers.

Um, now from our research with do know that one in six customers takes the parts to be, uh, installed or replaced, uh, somewhere else, they don't do the repair. Uh, and we're also working on a lot of different initiatives to address the, do it for me market. But today our primary focus is do it yourself, individual consumer here's one from Christian.

How has your supply chain slow? This is the obvious one, right? You have your own supply chain. What was surely it's affected? Right. So how is your supply chain slowed down? I've been affected over the last year and a half? You know, I think every retailer has felt some impact of supply chain, disruption, you know, for us, it's, it's an obstacle and we looked at it as an opportunity.

So very early on in the pandemic, we decided to take a more aggressive approach. So we continued to expanding our supply chain by opening new buildings. We continue to pay, you know, premium rates for ocean freights to have the inventory. We like to say that inventory is our oxygen. And so the fulfillment centers is really the key and the critical component of the company.

So we've been very aggressive in terms of bringing in inventory. And in fact, then we just announced it yesterday on our earnings call. Uh, we're at basically a company record in terms of inventory position. We have $130 million of inventory position on the books. That's up from 49 million, two years ago.

And as we get into our peak season, having the inventory in stock is what's gonna make us win 130, 2 million, the extra 2 million actually counts. So it makes sense that France, what about, uh, foreign cars? You guys are also in those Martin you're in all carbon. Yes. So all foreign domestic, uh, 1980 and above for now.

Um, but we carry it, uh, collision mechanical. We carry it all. All right. This, this isn't asking me anything. This question I highly, highly doubt you can answer, but somebody did ask about your take, I think on flying cars, I think, um, Hey, this is what we, we, we, we pulled the Jad for questions and this is what they say.

Let me find the exact question because I don't want to butcher it. Um, yeah. Yeah. Okay. This is the quiz. This is the question. We'll test produce a flying car in the future. Like the ones in the Bladerunner movie. Well, I doubt they can speak to Tesla specifically, but I'll let you guys answer that as best you can.

I hope so. And you know, if it falls out of the sky, there's going to be more parts to replace on it and I'll tell you for me, I'm still waiting for a flying DeLorean. Yeah. Yeah. Those, those are supposed to be out by now. I thought, um, this isn't from the chat, but I'm just curious right now. What, what brand is the most bought, um, you know, brand of car parts on your website right now?

Uh, meaning for which brand of cars or yeah, for which brand of car I know it's your, I know it's car parts.com branded parts, but you know, are they for Toyota's for Volkswagens? It really follows, uh, vehicles and operations. So it's, you know, the number one selling vehicle in America is a Ford F-150. So a Ford F-150 is the most common.

Uh, vehicle, that was all parts for it. And I'll give you the other ones. It's a Dodge Ram Chevy Silverado and Toyota Tundra. The remains yes. Of trucks. Yes. So, so logistically, you know, so I go to a mechanic, they, you know, typically would say, oh, we have to order these parts and there's going to be a markup for those parts.

Um, so if I went to a mechanic and knew which parts I need and then went and got them myselves from car parts.com, could I bring those to the mechanic and then, uh, have them install those or do they, the mechanics themselves have to order from car parts.com. Yeah. So we've seen the pie kind of change. Uh, you know, if you would've asked me 10 years ago, I would have told you that, you know, most mechanics wouldn't take the parts that you sourced outside.

Uh, but I think as kind of time went on, um, a lot of mechanics, uh, they kind of work like lawyers or doctors where, you know, they, they have a certain amount of money they want to make per hour. And so if you were to go out and source your own product and then bring it into a mechanic, uh, he might have free time and he means stole the parts.

He might charge you a little bit more for labor. Uh, so, you know, if a typical labor rate has one time per hour, he might charge you 1 35 just to make a little bit more per hour. Cause he's forgiving the, uh, extra profit on the parts. Uh, but a lot of mechanics will do the repair. Uh, if you bring in the part.

And then, uh, just to wrap it up here, there was a question about a warehouse automation. Can you speak to that a little bit? Is that something that you're investing in or not really? Yeah. You know, automation is a word that gets thrown out a lot. There's different types of automation, you know, for us, it's all about customer experience and clicks, optimizing click to delivery.

Then what that means is when the customer places an order, we want to ship it out as quickly as possible. Now there's different ways. There's different types of automations, there's conveyors, there's AMR. So we're always looking at different ways to optimize the warehouse. Ultimately, you know, we have a thousand people on our team in our DCS.

It's the critical, it's the heart of the company. It's the people that make this company run and allow us to be here today, frankly. So that's never going away. Are there opportunities to be a little more efficient? Long-term absolutely. In the short term, I think we're doing pretty well investing in our own people, uh, especially in this environment.

All right. There's actually a couple more here. I, uh, someone asked about Berkshire grey BGR. Why I just put the chart up there? Uh, is that a company you're looking at for order fulfillment? Uh, so actually, no, uh, what we're looking at right now is building up our own capabilities internally. Um, I don't like to say it in public, but it's kind of true.

We're control freaks. And what that means is we want to control our own destiny. So a lot of the tools and technology that we use and how we leverage data is all built internally with our own. All right. And then last one here from Christian Gallagher. Do you offer free shipping and how long has your delivery time?

So right now, you know, typically what we're aiming for is, uh, two to three days delivery. Um, and that's why it's really important for us to get closer and closer to the customer, because what we're trying to achieve as 80% of the country in one day. And we're also trying to achieve getting the package out of our distribution center our same day.

So if you think about placing an order, uh, on a Monday and getting a part on the Tuesday, that's where the competitive advantage really comes in for us. Um, so that's why it's such a big focus on opening more and more distribution centers, uh, getting closer and closer to the consumer. So we can fulfill orders really quick, uh, in terms of free shipping.

Um, a lot of our parts have free shipping. Some don't, um, you know, it's kind of free shipping is kind of a weird thing in the industry and the commerce because ultimately the consumer pays for it. That's just baked into the price. Um, so we kind of go the transparent route. We just show you, Hey, this is what we pay for shipping.

And, uh, we're passing those savings onto the consumer as well. All right. Uh, David Manion, I think that was, that was, uh, that, that was all we had. Um, I think we got to all the questions I'm 99% sure. We got to all the questions in the chat. So David Lev, uh, Carl parts.com, the CEO and the CEO of Lev peeker and David Minjan, uh, guys, a pleasure as always and a.

Good luck. Congrats on the quarter you just had and, uh, and good luck going forward. Thanks so much guys. Thanks for having us and PRTs to the moon. Oh man. Wow. Going out with a bang on that one. Uh, it's Spencer, you might not have been on power hour with us the past couple of times David comes on, but he always gives us a good car parts to the moon.

So I was not on got to love him for that. Yeah. Um, so yeah, I mean, I, I personally, I'm not a huge like car mechanic guy. Like I don't like change my own oil or anything, but ever since, uh, you know, we've gotten the chance to speak with David and Lev I've toyed around on the website and it is very easy to like find parts comes up very quickly.

I mean, it seems like a very disruptive, um, company in that space, you know, back in my day, we had to like go to the mechanic and ask for the parts there. Now, now they get the way now. That's why I asked the part about the, uh, um, if you go to the mechanic, cause I know they like to, you know, say, oh, we got to order these parts and charge you for the parts.

And I'm sure there's a markup and upscale there for what they're charging you. So mechanics. All right. Anyway, Hey, let's bring on our, our last guest of the day and, and you know, w we're in an hour or two of the show, this is the more relaxed hour, but actually everyone just chill. You know, lean back a little bit, Paul with some charts, and we're going to rip through some charts here with Jessie Kaylor.

Let's get JC on the show right now. Uh, Hey man, how are we doing here? How's it going guys? Thanks for having me back. Sydney has some good interviews today. Phunware was an interesting one. You can say that it was interesting. It definitely was interesting. I'm always interested in stocks like that because they have tremendous retail interest and uh, yeah, I love them.

Or you hate them and there's no middle ground. Uh, but what is on your radar today, man? What, what, what stocks are you? We'll, we'll pull up your charts here in a second, but, but what stocks are you watching today? So today was the day of, uh, pretty much rejoicing on the good trades that we had throughout the week and last week.

Um, kind of, uh, a lot of swings came into play that we'd been watching. So it was more of a takeoff today. I kind of just pulled some out. I did. Um, I did actually buy a little bit of fun where for fun and, um, average down a little bit on that one and took some profit out. I got in. And in that lower $4 area and got out around five bucks and I was like, you know what?

This is a nice little run, real fast get in and out. So it was kind of fun on that one, no pun intended, but the bagel was the Footlocker call out that I had with you guys two weeks ago when we were on your talk. I remember that I wrote that down. I don't have paper, but I wrote that down two weeks ago, we said, Hey, we're in the 40 sevens.

We're looking for that target of 50 bucks within the next two weeks. And we're at $50 and 83 cents. So, uh, got out at the $50 and it was actually at 49, 83 to be exact, but we got out a little early and that's how we like to make it happen usually. And, um, that's this exactly what we had pulled up pretty much for you, or we're saying, Hey, look at all these nice support areas coming in.

And then it actually gave us a nice pool that the day after, or two days after we spoke and then it, it ran back down and I was like, oh, maybe I spoke too soon Smiths. Or I was in the chat kinda messing with you one day. I was like, Hey, I caught up with laugher. Then like a couple of minutes later, I was like, oh, maybe I was a little too early.

And it found that support level right here again, and it didn't take it out and come back and, uh, break a new low. And then that's when it just kinda, it was, it was easy peasy after that ups at 50. Hey, AB just making sure you see occupying investings comment. Can we get a Berkshire grey BGR Y on the show?

I think we can occupy investing. I think we can. Um, G R Y, let me write it down on. Yeah. Trustee dusty, a legal pad here. Um, B G R we will reach out occupy investing. We will do our best to get them on the show. And we will tell you when that happens, but you'll have to tune in. Um, okay. Um, what else are you watching here, Jesse?

Do you care? Do you care about the fed at two o'clock? Are you not about that life? Um, well I would, if I wasn't, um, a hedged position, uh, you know, I put myself in the hedge hedge positions and I make sure that I'm protected. And when I took off some of my wrists today, I also added which I was going to talk about.

Cause we don't always talk options together, but, um, I did buy some puts to protect myself, um, in the money, puts on QQQ today and I'm going to probably, um, carry them as protection for now. Um, I think that if they, if we get a pool back, then I'll take some, some profit on them. Okay. Okay. I was surprised that we were up again, um, based off of some of the stocks that I was watching and I'm looking at Facebook, apple looking at all the tech stocks, I was kind of surprised that we're hanging on the way we are.

And then I, um, I look back again and we're up again, we're green. And then I'm like, okay, well, I'm just going to wait until the end of the day kind of thing. And I'll add some options when they have a big price, jump to the upside to take some of that, um, implied volatility that comes off the table.

Basically when they, when they feel like, you know, the, the way I say it, I say they, but really it just whoever's writing the options. And whenever that value goes into play, you know, you can look at something that's 300 hours and then you get a 6% jump into stock, really fast on a short timeframe. Then it's going to just crush some of that premium for you.

And a lot of times you can just find those good entries like that, and then just kind of find them throughout the day. If you're looking to build a position for a sweet position, I like to, if I pick a day or two, I'll say, okay, today I'm going to buy maybe one or two at points of interest. And then tomorrow I'll buy a couple more things like that and add on until I feel like I got my position where I wanted.

Yeah, that's a great point. You made about the market being, uh, I, I, you know, I, this is, we said this now for months, but every day I I'm reminded of another stock that has just been absolutely brutalized. They may, it may, it made a high in February and it's been crushed since then. And I know that there's like a hundred stocks that are making new 52 week highs today, but how many songs making new 52 week lows today?

Like 500. Like it, it's more, maybe more than that. Um, you know, like it's pretty crazy. Like I look at Activision like crushed. I look at Zillow crushed, right? Chegg crushed we're at all time highs on the broad market. And we have, we can thank Tesla. We can think of apple and Microsoft, right. The, with the big guns, but there's just so much that's gonna be out there.

There's so many people. Th th that are underwater in so many stocks and, and or people like me that watched huge run-ups last year, didn't sell. And now, you know, I'm basically back to scratch in a lot of stuff. I have, I, you know, I follow you guys. I'm always with you in the chat. And I said, I think I ha I have a good grasp on what you own, Spencer, I think in my opinion.

So I've seen where you bet, you're pretty honest about where your positions are on a lot of I'll show you what I own right now. I have a watch list or I'll show you what I own it. Yeah. It's nothing too exciting, but I'll bring them up on the screen if you're interested. So, and you'll be so excited. Like, you'll be like, yes, you'll, you're not, but like the group is, we're like, look, you're Spencer, great call.

And you're like, yeah, it was great. If I sold about three days ago or a week ago or a month ago, especially with Sophie, I know you've been on a roller coaster ride with that one. Um, yeah, there's sort of, I want, it's tough. Right? It's tough. Cause it's like, it's, it's a, it's a retail stock. Retail loves it. I know, I believe in the company, but I, you know, I, I confess not to know why it does what it does I guess.

Not that I should know, but, um, yeah, you know, it's a D SPAC, this. All these things working against it, but I believe in the company and I, if, if I really am, am not full of crap and I should really just be quiet and let it sit for awhile, which I'm trying to do. I hear it. I mean, it's not one of those things where, okay.

I only listened to Benzinga I'm only on your channel. I listened to so many different outlets. I have my own, you know, you don't have my own discord or we have our own information, our own news, the top stories that come in and we also use pro. So it's, it's not only you, there's a lot of different names, big names, and just even smaller groups that are speaking about Sophia.

It's not just like a name that's been like, oh, this might be a meme stock. I think it's actually, you know, when you look at the fundamentals, you look at what the company is going to be doing and kind of where your thoughts of where they might grow in what they could grow into. I mean, there are a part of them is everything it seems like now, but, um, I, I think it's a good one for long and I'm not invested in them whatsoever.

So, um, I've have traded them multiple times, but, um, I don't have anything in them right now. Same with Footlocker I'm out of that one. I did see in the group, they were mentioned S N D L and I I'll touch base on this one just because I've actually been watching it because I like to monitor, like we will.

And some of the other like wall street bets, we have, you know, you can just put in there, uh, a quick, uh, command and see what the top most popular stocks are. And this one's been on like every list for a, I would say two years now, a year and a half. And. They just can't seem to win. You know, it's one of those ones where they, they get a little bit of momentum, they seem like it's the, you know, the pot stocks might come back and this one just always has just been, the laggard has been the beaten up one of the bunch.

And, and you can almost say that about the whole sector, in my opinion, that it's been a hard, it's been a hard investment for a lot of people. And when I look at this chart though, technically if I said, Hey, I've never traded S and D I've never in my life, looked at this. I don't know anything about the company, but I want to know if it's a good time to buy it.

Well, in my opinion, you know, you can, there's 16 cents right here. Just that's the first thing I see is that, okay. Okay. There's a possibility that this stock could go to zero for one it's under a dollar. Um, that, that's the first thing that comes into my, my mind. It doesn't go, oh, it could go to a dollar or a dollar 50 or two or 2 53, 3 54.

That's not what I'm doing as a trader. I'm not looking at this space above at this moment. When I first come into trade, what I'm looking at is where is it? Touch it? Where is it going to, where are the people saying, you know what? We're not going to let it get any lower than this. Well, it's squeezing and consolidating really tightly down here at 65, but the last move was a downside move.

So in my opinion, the way I would trade this is I'm looking for, okay, from this mark right here. And I'll put a line here. Is that just for the whoever put that question? And this is where I'm looking at dollar 49. I would be a millionaire, in my opinion, if I hit this level, the 1 49, that was a great jump in a 65 cent stock.

And how, in my opinion, where would I want to go to be safe and say, Hey, I can take some profit for anyone that's looking to get to that level where I'm going to look for is a spot about 40 to 50% between that level. And if you're looking to get into a position like this, in my opinion, you know, obviously don't take this as stock advice.

It's all just, um, information obviously, but you've got a clear level right here. I'd be my out would be right, uh, right underneath this previous low. So I'd put it about 58 cents 59 cents. And then I'm looking to only gain from this previous move. So now we're forgetting about this big one. We're looking at this one to here.

We're going to try to gain here 73 cents. So is a risk profile. Good enough for us to take the trade. Then you'd put this right here. You pull this down, it brings up your target.

And to me, it just doesn't look like it's going to be enough meat on the bones for this, for me as a trader. Now, if you're trading 10,000 shares and you somehow get filled and get out of that trade, then you're really lucky. And you, you know, you tapered out of it. You sold a hundred at a time, a few hundred at a time.

Um, maybe a thousand at a time, things like that. But that just, when you look at that, there doesn't look like enough meat on the bones per se. There's not enough. There's not enough. There's not a big enough ratio for profit. And that's just where I'm trying to tell these people, you know, a lot of people, you see them in the group, they're hoping for these and I call it the hopium stocks and you're not going to make it just like you say, you're not going to make the millions by buying out of the money calls for, uh, weeklies and monthly, you know, options.

Well, you know, though, depending on who you are, if you pick the one stock or the 12 stocks out of the 2000, um, well, that's the thing is like just somebody bought the 260 calls.

I made a lot of money yesterday and I, I don't want like, I, you, you can't knock it because like, I almost think I, you know, we talked about hoping them, you know, holding them traded off, uh, you know, never selling a loser, just hoping to get out. It comes back. I mean, the more it happens and it's happened a lot, right?

It's happened a lot in this market. You've gotten second and third chances, the more it happens, the more you're like, look, you got to just, it is what it is. It's not really a correct way, but the correct ways, whatever allows you to either make money or get your money back at the least. Right. I mean, and it's worked.

I don't know why, but holding and waiting in a lot, not everything, but. Has worked. It's just the way it is right now. Um, and we can scream till we're blue in the face. Don't want to hold your losers, sell your losers, sell your losers. I mean, the, the Mo every time we get a stock, like it makes a comeback. I think that's another one, you know, I don't know, man, that's the textbooks.

There's one thing. Real life says something else. So you can diversify, you know, have a couple bucks in there for fun. If you, if you really like a company and you think that there's a catalyst in the future, that they could rise. And you're like, you know what, then my opinion, then you wait for a really, really bad red week or something like that.

You want to wait for. It's a take a week of red, you know, five red days. And you're like, okay, man, this thing has just been beaten down. It's down 23%. Maybe that's when you take a shot at a long-term call because that's what you're going to have. A lot of that premium taken out of it. It's just what I see is people buying them when they're up 30%, 50%, a hundred percent.

Now the premium went from a hundred to 2000 and you're paying $2,000 for a call that you could have bought a house for a hundred bucks yesterday. And the. Non-educated trader. I don't think that they're looking at that they're not going and going, oh man, I could have bought that for a hundred bucks yesterday and at 10 of these things, for what I'm paying for, for one, the other thing, the other thing also is like, I try, like, cause I'm, I've been underwater bad, you know, in some stocks and that, um, if I'm, if I really am convicted and I just don't look at it.

Yeah. Then I, then I, I honestly, I don't even think about it. I, maybe this is just me. I've, I've unique ability to pretend my problems don't exist, but you just pretend it doesn't exist. Just forget, just stick it in a drawer. If you're in sun dial from eight months ago or whenever that run happened, you know, just stick it in the drawer.

I mean, if you're, if you're that convicted. Right, right. Um, I, yeah. I mean, that's sometimes that's what it takes. So we talked earlier about the, um, the stay-at-home trades are pretty much dead. That's kind of what pre-market prep was going over in that th that, that was the theory of the morning. I don't know if it, if it persisted today, but that was the theory of the morning.

It's been a green. That's why I liked Footlocker so much. Cause I said, you know, this is a, you know, stay at home and a reopening play. In my opinion, you're always going to have to buy shoes, regardless if you're doing yard work or going to work, or now kids are going back to school. If we all get, you know, we have this hyper vaccination and.

Feels like we're good. Herd immunity goes in effect and everyone's back out, hanging out doing other things. Well, it's kind of already happening in my opinion. I don't see a big difference in my life. Um, as of right now. And I don't think that our children are going to get forced to be stayed at staying at home again.

Um, just because of the fact that they were just so far behind the kids coming back to school, that we're staying home. So I, I think that, um, these plays are going to be more and more on my radar, you know, looking into like, what do we need necessity wise every day? What are our children using? Like what, where are we spending our money?

Now I know where we were spending it a year ago. I know that a lot of people were hoarding their money. They were, um, going out to the grocery store, thinking that we were going to have the last steak you ever had in your life. And you know, that that's where people were worried about. Now, things are going back to normal.

Um, I think there was a lot of profit taking in the stock market and there's a lot of people that woke up and look at that, did what you did. And hadn't looked at their stocks in 10 years and took profit. And, but I also think, you know, my grandfather was one of them where he sold a lot during the pandemic and never Reebok.

And, you know, he's regretting it. Yes, yes, yes. That is like a great fear that I have, um, is for people get raked over the coals, lose their shirt, set. Which was okay, and then never buy back in. That's why we talk about diversifying all the time. I feel terrible for the people that sold in 2001, 2002 or 2008, 2009.

And they missed the best decade that we've ever had for stocks. Um, I hope that we, that that is a, an overarching lesson here is, is, is, is generally speaking. The stock market does go higher. And the saddest part is, as he said, every time there's been like, oh, 9 0 8. He was like, you know, I always bought more.

And he said, this time, he's like, I just didn't buy the dip. And I'm like, man, I'm like grandpa and your lifetime. You've only seen a few of these. And if you have that big money there, you got your 60 years of retirement from GE. You've got, you know, unfortunately that's the company he had to retire from because they did not take care of their employees with their stock.

But, um, at the end of the day, you know, he had a good chunk of money there and he's like, you know, he had AMD, you know, in the teens and, you know, still sold for a profit. But I mean, he's looking at it going over a hundred and he's pulling his hair out, you know? Right. Yeah. Hey, I've got a family friend that retired February of last year and or January of last year.

And then I, I felt like so bad for the guy just watched a quarter of his portfolio, go up and smoke. Now w when, when he needs it right now, he's retired. He needs to live off his investments and he just lost a quarter of it in like a month. And then it came right back. But we had no way of knowing that was gonna happen.

Um, and, and, and, and, you know, people like that, you know, people need the money. Yeah. Please stay invested, please. Shelly said, I always snack on power hour. Y'all need to get snack sponsors. So read it. He hit us up. We can do, we can do that. Um, you know, we can get, you know, I hear a body armor, uh, is, is big right now.

It's got, uh, a lot of money from Cokes. Maybe we get, uh, uh, uh, body armor. W we, we can get some, maybe try Celsius speaking. We can try some stuff. We can try some stuff. We can try to get some snacks sponsors. Um, I I'm this show, Hey, let's hear some questions from the chat. A few people were asking, let me go scroll up here.

Cause I, I lost it now. But if people were asking about, um, here's another one, just like the, the sunlight thing is BBB. I G I mean, it's the same, it's the same story, right? It's sorta, it's basically the same chart. Um, this doc is complimented. We've been on the show. They've been on the channel. Um, I don't, I don't quite understand it.

Um, but it's got this following for whatever reason. Um, Uh, if anyone wants to explain to me why certain stocks have this following and certain stocks don't I would love to hear it, but, um, it's got, it's got this cult, like following behind it and, and I'm in the chart, you know, it looks the same and that it's well Alphatize so I know, I know that Zack Morris was big on it.

I don't know if he's still is. And maybe that's part of the problem here. Favorite pain in the butt. The show saved by the bell, the principles, sorry. I'm showing my age. I'll be 36. I have a great, I have a great Mr. Dotting impression actually do it. It's a it off the screen. ASCO. It's Hey, Hey. Hey, what is going on here?

Is that good? I like that. Thank you. It's fun side, everybody. You guys look at this, see this.

Um, so, you know, look at this one. I mean, if I'm just, I always pull up things, technically, I don't know anything about the company. I know it was all over the, um, the radar for, you know, style. I like to look in the morning and I even put in the chat a lot. Pre-market gainers, pre-market losers. This one was on the board, like every day for like a month.

Um, but you can see that a significantly. Fallen off here. And at this point, I think it's at a crucial, crucial level that says, okay, I'm going to come back and give somebody a few bucks back and get you back to 5 84. If you're holding on to this thing, 5 84 of you at a level that I'd be five 50 probably would be like, Hey, I'm outta here.

I got some bind more. Now, if I really want to hold onto it with a really tight stop-loss right here. And then you're hoping for yourself to get a 50% retracement on this previous move here. That'll probably consolidate in a lane right in this area. And then it'll probably open up and break out for about 20 minutes of the day while you're sitting at work and not paying attention.

And then you're gonna be like, man, I could've sold at six bucks and got two bucks back or five bucks and got a dollar back. But, um, this is where you set your trading plan and you can set it just like this and say, okay, I want to get out and you can have multiple targets. You could say, I want to get out.

So I'm here, here, here, and you can set those and just walk away from it kind of thing. In my opinion, on this one, if you really involved in it. But if not, you put an order right here and let them fill you one day. If you get lucky on a bad, bad day and they drop 50%. Cause that's about the only thing I can see on this one.

Oh, who was it? Who was this in the chat just now? Uh, I want to call them the so one is, is doing some arbitrage here on ticker, F a T fat brands. Oh, I just lost the comment and the check. Where was it? Uh, fat and yeah, ask WW 1 6, 0 3, 3 is arguing fat and fat BB right now. Um, I don't quite know what's going on here.

I know they're both low floaters, not very liquid. Um, but they're both spiking right now. Um, so what, uh, I know that I think they report tonight. I think fat reports earnings tonight and now tomorrow, sorry, tomorrow after the close. Um, what does that brands do? Well, I don't have to know. I can just look at the Benzinga pro uh, they are a restaurant.

Oh yeah. I think I knew that. Yeah, they don't, um, they own let's see they, oh, they own Johnny rockets. They own fat burger. They own elevation burger, uh, hurricane grill and wings, Bonanza steak houses. I've never heard of any of these. I've just heard of junk Johnny rockets, but, um, yeah, restaurant stock spiking right now.

And when I see restaurants, I always go to this one, DRI uh, Darden, cause it's a, they own a lot of restaurants that I'm actually familiar with in my area, in the Midwest. And, um, I've actually been watching this one because they've been kind of consolidating in this range and I've, I've been watching them.

To dip all the way back down to a hundred is what I've been watching. But, um, you said fat, let me that one's rip and it's not affecting them at all. So yeah. Fat and fat is the act is the liquid one. FAA TBB is not liquid for Jack. And I think it's just moving the market dynamics here. I mean, it's got a float of half a million shares, so it's not, they said you had me at Johnny rockets.

I've never even been to a Johnny rockets. I've been in one in 15 years. What are the, is it like a sub place or something? Fifties, fifties diner, uh, highway 55 kind of place. Um, so 8 54 to 1259. You're hanging out right in that area where it's like, okay, you got people buying and selling right now. So, um, let me go to the smaller timeframe just to see if I oh, wow.

I don't see, I don't want anything that looks like this on a trading. When I'm trading on a smaller level. I just don't like it. It looks like a bunch of blue to me. Uh, what about here? The here's one I'm not familiar with. Uh, Azule different. Daniel Ryan ticker, a Z U L. I'll bring your comment. I bought it yesterday.

Now they want to buy bankrupt airline. Oh, those are diamond dozen, um, a Z U L up four and a half percent today. And Daniel Ryan is long from I'm assuming somewhere in the third. Me, I'm taking profit in and maybe looking to re-enter if you really like it right around this area, 1444. That's just how I would trade it.

Um, I'd look for it to try to come back down and retest this low. And if it doesn't retest, it will probably at least hit this 1440 level. And I'd like to reenter around there and then have stop-loss below this. If I'm, if I'm getting in here, I'm out. Once it breaks past this previous screen candle salt, I'll tighten this up on a 15 minute.

If you're trading this, you know, now like a now trade, then if I'm looking at like this, okay, we, we get a nice run. That's what I'm paying attention to the stock. It starts to not make any more new highs and then it flushes down. And when it gives you this back right here, that's where I'm out at the end, my opinion.

And then if it comes back here and retest this area and then starts to come back up, then you in this channel here, then that's when you're like, okay, I can go back long. And again, cause I'm a really, I like to take my risk off instantly as soon as I feel. And I'm a feeling person, I like to watch the, the trade and I see it.

And I'm just, you know, looking at it the way that the price action is moving. And once I start breaking back down, I don't want to be the guy that's catching up, trying to catch the full on knife. Once it breaks past this 1388 low and continues back to right where I got in to get, I don't want to lose all my profit, but some people would say, okay, I'm in here.

And then you're, you're looking for a price, maybe a price target of 15. Well, if you just set it, then you're going to hit it. But me, if I'm watching. Then I would have already been out on, on this play, honestly. And I probably would've maybe re-entered if I was really long, uh, once it, once it didn't make that new low, and then now you're just kind of hanging out with a lot of profits.

So it's just, it's kind of, I don't know. It's up to you on your what's your trading, um, risk reward is, uh, I'm just keeping an eye on the spy here and we are just so quiet. So happening into the, into the fed announcement nothing's happening. It is so quiet out there in the broad overall market. As we wait on whatever the feds are gonna say, two o'clock here.

Uh, okay. Let's do some more from the chat here. Jar jar particulars in here's one tattooed chef TTC F this one comes across my radar every couple of days. It seems like somebody asks about this. I'll tell you what I really, uh, I've been seeing more and more of these types of products in the stores, but they're not tattooed chef brand.

I see every other brand. Maybe it's just a store that I shop that are like, like beyond meat. Uh, okay. Yeah. I'm a go to the butcher kind of guy. Yeah, yeah, yeah. Oh yeah. I like the fresh meats. Yeah. Um, So I like to go to the daily, I'm going to break it just to put up some levels that I have there, just to kind of give me a reference.

Once I get to the smaller levels and see where I've missed out on a, on a place. See, I kind of was a little off on that, but it looks like,

looks like this area right in here is where the buyers are coming in, getting you some, some love in this $18 range and you see it. Just blast it all from there already. So me, I feel like I've already missed out on this trade if it's just a trade, but for long-term wise, you'd want to come back out here and see where your, your next hot.

Yes. I mean, it made a higher high, but it also made a lower low on this move. I get, I mean, unless you can, I mean, it broke past this one, but I guess it's kind of a double bottom, but this looks at me like it might want to take off again, up into 20 $20. We haven't seen 20 on that and a long time. Yeah. Let me call my daily here.

Yeah, it went to 20 since, uh, September. No, yes. It's really got to hang out and hold this this $18 range. If it can hold and stay above 1867, right where it's like in this area right now, if it could just stay here and close, open up tomorrow closer to 19, I think that you might get that nice little run up to 20, but it might be really short.

All right. Uh, people are worried about maybe they're thinking Christmas that people are buying this stuff for Christmas. Yeah. Uh, okay. Treasured. No, not treasured. Sorry. Uh, who asked Sean asked about a stock, but has, is not trading like LRN T as like no trade. So I don't really think we can look at that.

Um, what about Kroger's someone said, yeah, I saw Kroger. What's it doing today? I haven't looked at Kroger since the open. How are we doing since blew up today for Kroger anyway, 42. Yeah, this is ridiculous. This is because of the bed bath and beyond thing. This is so dumb. Everybody's buying Campbell soup.

This is so dumb. Oh, sorry, Sean. Uh, all right, well, we'll get to that one second. Um, yeah, this cable, this Kroger thing is so dumb. Well, you see your double bottom and then you see your, where they sold it off from this top of your, I mean, you're looking at it almost exactly. A 50% retracement if you see that there.

Yeah. And I go over, I know you said pricing. We do this a lot where I show the top, I show a bottom and then it's like, right. When we're talking about it, it's always hanging out right here. And that 50% rate that's well, that's when it gets on everyone's radar. Yeah. This is, this move is probably short-lived on the floor yet.

Yes. I don't have a crystal ball, but, but I mean, Uh, cause I, I try to think about like the, the characteristics of the types of companies that, that capture the attention game stop. Right? Traditional video game mall, retailer, AMC, traditional movie theater, right? Alias traditional, uh, car rentals, Kroger, Kroger sorta fits that, but it's also like a, it's just a grocery store.

It's like, there's nothing existential. There's no existential threats to their business. They're there there's no, this is not a rally behind Kroger type of situation. Um, this is still going to be short-lived. I think I, I, I would not buy it up at 40 to 50. Absolutely not. Um, if it were me. Okay. The one from Sean was, uh, iron net.

I R N T. Oh, I like this one, um, as just a point of talking point, because this thing was along the lines of greed, Grae, if you saw that, this is like in that same moment. Yeah. And this is just what happens, you know, people who come in, in their wake up in the morning and they're like, you know what, this thing's on the radar, it's up $40.

And then it pulls back and they're like, oh, okay, I'm going to try to get in and take a shot. And then it just looks like shot, shot, shot. And it just goes down and down and down. That's when they're going, Hey, what about this stock? Now? If you're just now first person ever look at it and you're like, okay, this is what I want to look at.

What's going on. Right. Then it looks like it's trying to pull back and give you, it's trying to say we're a little oversold down here at 11 bucks, 10 bucks, but they're not at the go in and look at the fundamentals, see what this company is doing. Um, I think they're a web protection type of company. Like, uh, I don't, I don't know exactly what it reminds me of iron dome.

That's all in your new, the iron Jomon. Israel is where I think of what way when I hear this company, but I mean, you got to support me out in 78, 11 65 right now, occurrence of word that $10 is your downside. Yeah. And the chat is right. It's it's other grocery stores too. It's not as Kroger, but, um, yeah.

Anyway, irony that I, that is interesting. Cause it, it, um, it is like a, it does have a lot of retail interests, but, um, I actually, I don't know, really know how I was going to, I was, I was going to say the chart doesn't act like it. So is there a big money out there? Here's my conspiracy theories. They're big money or they're hedge funds and algorithms that are saying, okay, we're going to take all the top stocks on wall street, bats, retail trading platforms.

And we're going to short them because it seems like a lot of these stocks, as soon as it goes on that list, it goes way down what, maybe it's a kind of stock that gets on that list in the first place. It makes it easy for them to make that. No, no, no. I'm saying maybe the kinds of stocks that are on that list are just shitty stocks to begin with and are just getting in the pump and undeserved pump, right?

Um, yes. Undeserved pumps are maybe, is there an, an, uh, an undeserved pump algorithm? I need to know where that one is because someone needs to build that for us. Yeah. I mean, yeah. We need stocks that have, and people on discord when people on discord and Twitter, probably a bad PE scanner with, uh, bashed fundamentals.

Um, and you know, , I'm old school, old school business model, like car rentals and movie theaters or video games, uh, stories. And, um, yes, it's great. Paul stocks. So we got to, okay. Grandpa, what did you invest in 50 years ago? I'm going to write that down. And those are the ones that are winning right now. Yeah.

Yeah. Honestly, PG Procter gamble. That's the one that was on the list for when I was a kid. That's what I knew of banks. I mean, PG doesn't look too bad. What's another one, a vac. How does the IBM doing grandpa's stock? It was IBM. Not good. It's holding that 1 26 level 1 24, but not yet. And yet it's not doing good.

Maybe it could, this could be one that gets on the meme stocks into here. And if it sits down here too, Yeah, there are some retail, the Jan Macy's and Maine and new high again. I mean, he's a monster dealer is, is a low floater. So that's sort of, uh, you know, the chat is pulling out the nostalgist stocks right now.

They like this one, like this such. Yeah. And Ron might actually, I don't know. I don't know this for sure. But Enron might actually still technically have a ticker. What others say? What is it in Ron stickers? It would be, it would be on like the gray market, which is like totally unregulated, like ghost shell companies that only exist on paper, wild, wild west trading that you can't even trade.

You can't even get a quote or buy them. Um, but these things that, um, when he tell us, I knew it was a, a hedge fund manager. I wrote a post a few years ago about, uh, he was, he was short leaning brothers and he didn't, he didn't cover his short for like eight years, like long after the takeover by Jay, I think it was JP Morgan.

Right. Or that may have embarrassed her. And I don't remember who, but w w Lehman went under and this guy was short for years and didn't cover for a years and wrote about like, I don't know why you just didn't wrote about like what a pain in the ass. It was for him to like, cover a short, like six years after the fact.

Uh, so you can have some of these things. You can still. Find, uh, a ticker though. They may not quote publicly or really even trade, but, but if you, you know, have certain tools at your disposal or institution, maybe can do that. But, um, Rite aid, uh, di wants no Rite aid. Yeah. Uh, to go on, I saw somebody mentioned a charge point earlier cause in tight Bri um, Microsoft does not count, unfortunately, because Microsoft is, uh, is own owns the cloud.

Right. So I wouldn't call that a payload. It's like a pharmacy play, I guess like the animal Piggly wiggly reference hacks, really appalling that one D going deep into Johnny's toys or you go in there turned into the, well for that one. Uh here's here's one. I don't, I don't know if I know, just throw it out there.

I did have a line that I guess I've drawn at some point when someone asks me about Rite aid at $15 and 8 cents. And it's literally like right there today. So I don't know. That's kind of weird. And I looked at the stock from overall. It's just been nothing but a bad investment. Um, but this thing was, uh, I mean, there must've been some crazy splits or something, but it was $200 stock.

And $900 at one point. What about she goes, this is when CHS let's pull that one up CHS from, let me just drop that on there from Brad. Got it. 5 99, 5 99 is less than a combo meal. McDonald's anything else I'm like, I'm looking at your CHS. What do they do? Chico's shoes, right? Excuse. Never heard of them.

Well, on this chart, it looks like your bottom and you've got, you've got a double bottom happening on a monthly chart. I mean, it just had a rarely, really old, uh, low all the way from 2013. I can't see. Cause my computer's in way, but let's see. And then bounced off. So, um,

it's, it's like my Footlocker play, I guess if it's a shoe company, I mean, I don't know much about them. I have to research you just, you just filled a huge gap. That was just a blood bath that happened to some people from $6 down to 4, 4 84. So anybody that was in the stock right here is really happy right now taking their profit off.

So you have a hard range to get through. You'd have to bust through that six 50 to try to get anywhere higher. So you have to come back to this old previous, double top here. I'd say that you're you're on your way to six 50 to try it out is what they're doing. Speaking of a grandpa company's Mattel. Yeah.

It's like another good one. I tried your way, this, uh, like a year ago and I got smacked. Um, this one, this one took me out. Uh, I definitely hit my stop loss on this one, but, um, yeah, it's nothing but gone down since then. Has it? Yeah, well, yeah, I think I was up here in the 22, 20 threes in this area and I was doing really well with it and then it just came right back and I got out probably with just a little bit of a loss there.

I like to, I like to set my, um, stuff, like once I'm in the prophet, like in this area here, I would say, okay, I'm just going to take my, put my stop at break even is usually where or a little above just to say, okay, I did, I still made a little bit, but, um, man, this one was coming back. 50% retracement. Look, there's your top.

Here's your bottom from that huge move down. It broke down from this tough to here. It came, it came back and broke out this range at the 19 you're at $21 hanging out there. People are getting excited for maybe a little Christmas run possibly, but I don't know. I, my kids, I have two, three and 11 or 12 and.

I don't think we have anything Mattel in our house at this point, you have nothing physical. It's all digital device. Yeah. Yeah. Um, learning devices. Yeah. I mean, that's where the crazy, the kids' toys, they either get broken, lost, or the dog eats them. So it's good. Plays a GI Joes anymore. Heck I didn't do that when I was okay.

That's not true. I did a, yeah. Every kid had to DEI Joe's in the backyard. Yeah. Can we look at a road? Can we look at Roku? I want you to talk to a broker because they report earnings tonight. They're in there, they're stuck in this, in this battle with Google, um, over, uh, over YouTube in terms of getting YouTube and YouTube TV on the Roku platform.

And I don't think it resolved yet. Uh, the bar is all feel low for them, uh, based on what Netflix said, based on what, what Comcast said and, and, and, and, and what, and what Disney said. Um, but, uh, wait, Disney, didn't actually wait to Disney report yet. I mean, I may have made that up GV, if that matters. I've got one too that I hardly use, but the bar is so low for Roku into this report.

It's stock's been so punished. What do you see here? I see you have. Big drop-off down to two 80 and two 60 is the big levels I see to the downside. If you're looking for an upside play, you might get back to three 20 with a, it's going to take a minute. But, uh, I mean this one, it just depends. If they blow it away somehow on earnings, then you've got, I mean, you've got a decent play here for anyone that's looking at a technical standpoint.

Um, I think, let me just put it, I always gotta put it on here and see if it fits. It was make it too big. There we go. So if I'm correct on the downside, you've got

this big move all the way down there. So you pull this up. Yeah. I mean, depends on what your, your risk, if you come down here and you, and you say, okay, I'm gonna really put on, you know, five to six point risk, then nine, nine points to the upside. Don't try to get all of that three 20, try to get yourself, you know, even, maybe even just the target of maybe an equal one-to-one, you know, um, dropped us down to 300 five-ish but this is scary to me.

This looks like it could come all the way back down to here. So that's how I see it. So if this is a short position, Definitely I'm show you that real fast. This is kind of where if I don't like it on a long, then looking at it, look at it as if you were wanting to short this and where would, what, what looks clearer?

What looks like it could happen more than the other. And to me, it looks like, at least come back and try to test this. And if it breaks down to the lower side, so you'd want to get in. Once it broke past this low, you wouldn't want to jump in right now. You'd want to wait for it to, I was pointed at the screen.

I was pulled a joke on it. Oh my goodness. All right, don't go there, man. I hope you're not watching this joke. Um, but now it's 3 0 8 to 303 for the, you know, that'd be your target for, for that one. So I look, I'm, I'm looking at this. I would rather just stay away from it and this is what I would, what I let the news come out.

Let's see what it does. TJ. TJ is, uh, is, is, is thinking a thought that we've all. At one point or another in our investing in trading wives, which is a Yankee bar, this dip. Yeah. And then it just tedious thinking that in, in, in ATV, I, man, I spent, I spent all of 20 17, 20 16, even part of 2018, uh, calling bottoms and stocks.

I called the bottom and UnderArmor wrong, GE, wrong. Kraft-Heinz wrong? Who else did I call the bottom? And then I was wrong and I'm sure there was a half dozen others. I, I was wrong. And basically all, I think one of them, I got, I got it. Right. But, uh, yeah, so I, I have an Activision trader, a lover video game guy, and this is, this is something I've already, this is a trade that you can see that I did back in.

Um, what is that like 2016. So this is literally started in 2016 as well, because this is how I can remember when I traded and we can go back and we're doing lessons and things like that. So I got in right here and then I, you have your line when you get out. And this is when you got out, right? This is when, when it broke through.

That's when we got out and I haven't looked back since to be honest, I have not. I just, I let, I let it go. And August of 2019, and it looks like, or sorry, um, February of 2019, um, there, like before that big tip, I think, so the reason why I did is because I felt like. Uh, my generation, the nineties, the eighties guys, we, we got married and were no longer allowed to play video games every day.

And we didn't buy the newest Madden anymore. We're not buying the newest call of duty anymore. We're waiting for a year for it to go by, or we're getting it for a birthday or Christmas for our kids so that we can play with it, play the game. So it's um, to me, it just seems like, especially with Facebook and metaverse and all this talk to me, I think that's another bad thing for Activision, unless they somehow get tied into that con that conversation.

But traditional gaming is going away. I think we're, we're looking for a more heightened experience and I was just, that's where it kind of where I'm going with it. And I think that, yeah, I hear ya. I hear you. I think, I think you're probably not wrong then. There's also the school of thought that, well, I mean, they still have huge franchises.

They still have call of duty. I mean, at one point, do you say enough is enough here? Um, you know, just talking about a stock that was a hundred dollars in February and we're now we're 65. Um, so always see if you, if you go back far enough, you look at Activision, it's very cyclical, right? It's in favor. It's out of favor.

It's in favor and out of favor. So, you know, we're a long ways away from those loads. Is where you wanted to get it, I guess is what they're saying. So 70 was the key. Now you're at the point where they've already, they've already made a bottom for you here. So this, this might be a good, um, a good call. If you let the dust settle for a day, I wouldn't go in buying today, but maybe, uh, end of day tomorrow, if you, if you guys can stomach the pain of waiting and maybe losing out on a point or two, um, but this could be something that maybe you just wait, you just wait for the dust to settle a little bit after today.

That was a big, that was a big drop today. So would you like one more here, one or two more? The chemo had Sava. There was a news short report out this morning on SAV from, or from, I don't know, quintessential capital. It just is the company with the Alzheimer's drug and the questionable data, um, around that.

And I have not heard an update about that data and who was out that I had Sava S a V a. I was all over the chat for awhile. I traded Saba a little bit. I think I, I traded this on, I like in a pre-market session and then it was out before nine 30, but, um, didn't this have like a split of some sort or something like that.

Oh, it wasn't a split is they, they came out with some data, uh, for their Alzheimer's drug that, and then the data got caught at the question. And then I was like, wait a minute. How good is your data? Really? They had a short report that came out. Oh, okay. There's more, there may have been at least one more.

Yeah. I thought that was one. And then that's when this happened, but, um, let's see.

40 to 50 is way down there. So you've got 51 59, 51 50 in this area right here is your, is your downside risk. And then your upside is whatever you think it might go from this last move from 62. So probably right here at 56 58, this might be a couple bucks you might get out of it. But short report wise, if you're in my opinion, you're looking to short this thing overnight, maybe in, and get a day to, um, reaction to this.

So, all right. Kind of the, um, the triple D play where he's like, you know, there's kind of just like we were saying before, maybe not by the first day, wait for it to settle for a day or two and then take your position. But this is the one, when you're on the downside, you get a bad report or you get some bad news, they get hit really fast.

And then you find out where they're going to get to consolidate where people feel safe, possibly shorting them again. That's, they're usually doing on a better port. Um, and then it takes some profit in the pre-market if they get a dip in the morning. All right, Jesse Kaler, uh, the link to his site is in the description and, uh, he joins us every Wednesday when we have normal programming to hang out.

The fed minutes.

hold on tight, hold on to each other. We're back to get some tapering. We think I'm not quite sure. Maybe, I don't know, $50 steaks at the local groceries. It could happen if we don't start tapering or if we do start, I don't even know. So we'll find that in a minute and change Jesse, a pleasure as always hang out, uh, CDC back on next week.

Right. See you guys. All right. Uh, all right. Uh, so I, I do want to wrap the show up cause I ordered the R R R a F T show is on next, the roadmap. I want to get to that. Cause those guys are on fire right now. Um, but maybe we'll just hang out until like 2 0 1 AB just to get like the new, just to, just to be here.

And I'm going to pull up a chart of the spy and I'm going to pull up a one minute chart while I do that. Can you get in your pro for a minute here? And let's just see what's what I'm trying to do. One better and try to find just a stream that we can pull up on the, on the show real quick. Yeah, you can do that.

Just go to YouTube. Search, uh, FMC or federal reserve. When are we tapering? We know interest rates are going to stay at zero. We, that's not what we care about. Um, the dot plot is interesting, right? The dot potty is just the fed governors expectations of when, uh, uh, when they could start raising rates. But, uh, um, let's see.

Let's watch that. Oh, oh, we're moving now. It's it's uh, the conference isn't until two 30. Well, that's the press conference, but, but the F the announcement should be out right now. Yes. The leave rates unchanged. We know this, but we know this. What do they say about the taper? What do they say about the taper?

Let's go quickly. Oh, here we go. I got someone streaming it streaming know that the stream right now is just go to a newsfeed. Boom. Here's the statement. Okay. I will bring this up on the screen. I know I do that. Stop share, share screen. I see us going on a testing. I'm. Hi. We are jumping around here. It looks like dude.

Come on. Don't do that. Take it off. Cause I often hear about it later. I'll have to hear about that later. Uh, okay. Here is the statement it's up on the screen, but a being.

And spies going up,

unchanged know, screw it. Control F Nope. That didn't work. No, it didn't work either. Uh, this is nothing. It didn't say. Ah, okay. I don't even know what that says. I didn't say anything about the taper, how we're doing on the charts. Was this by doing anything good? Yeah. Spy. It's spiked up a little bit. I'm seeing tapering starting November with monthly reductions of 15 billion prepared to adjust, taper pace as warrants.

Uh, I'm seeing 10 to, yeah. Okay. So yeah, they're cutting their treasury approaches by 10 billion a month or cutting their mortgage back security, uh, purchased by $5, $5 million per month. So yeah, there's that 15 billion hours. Okay. Tapering starting a November. Accelerating ane December. All right. We've been talking about this thing off fricking summer all spring all year.

It's nice to at least. Start, and then we'll go from there. So, all right. All right. The roadmap, our NFT show is live right now. That was fun. Thanks to all of our guests today. All like six of them. Yeah. We had a pack show Spencer, and if you haven't already please smash the, like, we're doing our best to bring you guys to this content free of charge.

Um, hanging out with us every day as we break down the latest in financial markets and any news that could be, you know, impacting your stocks really. So come hang out with us, smash the like, um, and yeah, without further ado, let's go ahead and get over to the roadmap. 

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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

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

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

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Episode Summary:

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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Episode Summary:

• SoFi showing strength in its industry... is the stock poised to sky rocket?
• Tesla gears up for earnings
• Bitcoin Futures ETF Opens Up for trading... what investors should know

Guests:

George Holmes, CEO, Resonant (RESN)

https://www.resonant.com/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

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• How much money Netflix will make from Squid Game
• Hot IPOs to watch this week
• Charts setups in APPS, COIN and more.

Guests:

Ed Lavery, director of investor intelligence, SimilarWeb

https://www.similarweb.com/

Matt Hammond, IPO Warriors

https://www.Ipowarriors.com

Twitter: https://twitter.com/warrioripo

Jake Wujastyk, co-founder, TrendSpider

Twitter: https://twitter.com/Trendspider_J

Chris Capre https://2ndskiesforex.com/

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

• Subscribe to all Benzinga Podcasts here
• Click here for BENZINGA TRADING SCHOOL
• Get 20% off Benzinga PRO here
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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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Episode Summary:

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

Stocks Talked About In The Show:

VMEO, PLUG, BB, SNBR, JAGX, HSDT

Guests:

Dane C. Andreef, President & CEO Helius Medical (NASDAQ: HSDT) 14:00

Lisa Conte, Jaguar Health (NASDAQ: JAGX) 28:00

Trung Pham, CEO, RYSE 45:00

https://www.helloryse.com/

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Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaarn Bry

Twitter: https://twitter.com/aaronbry5

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

Unedited Transcript

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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