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We Are Living In A Casino

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Episode Summary:

  • Avis stock becomes a flying car: CAR
  • Zillow shuts down its iBuyer program: Z, ZG
  • Activision-Blizzard delays more games: ATVI

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Meet The Hosts:

Dennis Dick

Twitter:https://twitter.com/TripleDTrader

Spencer Israel

Twitter: https://twitter.com/sjisrael

Joel Elconin

Twitter: https://twitter.com/Spus

https://www.premarketprep.com/

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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Unedited Transcript:

Good morning, everybody happy Wednesday. We got a lot going on today. We got some stocks that are up. A lot of stocks that are down. I have a fancy new camera. We're on so many new things happening. I'll tell you all about it

Good morning. We're going to be talking, uh, Avis obviously, right? That was insane. Yesterday. We're going to talk about bed bath. We're going to talk about Zillow out Activision. Ouch. Um, we will take questions from our chat, uh, later on, on the show, but we got it. We got a lot of Tiggers to discuss. Let's get right to it.

Also, we have a fed meeting don't forget today. 2:00 PM Eastern time, FMC announcement, 2:30 PM, uh, FMC or a fed press conference with drone Powell. Uh, so that is of course on our radar here today, but, uh, let's get to that. What else? Oh, wait, you have an announcement. Yeah. But go ahead and go through your stuff.

Am I missing something? I feel like, yeah. I thought it was going to be up on the screen to special announcements on today's show. Yeah, I'm putting it up right now to special announcements. We have special announcements. What are the announcements? Well, no, let's let's well, let's first go. The S and P 500 futures.

They're traded down three points at 46, 20 and a half. Uh, all-time closing high that was made yesterday at 2350. So that's our bogey on the upside, uh, crudes in the red by two box, holy macro at an 81 90, which is inside day. We've found out which way he wanted to go from the inside day. A gold down 360 at 17 85, 80 silver up 11 cents.

Let's call it 12 cents at 2363 Bitcoin hanging out near the high, but down $525. It's 63,409. Boom. And Ethereum making a new, all time high. That's the future's about 59 and a quarter at 46, 10. Uh, do we have triple D I triple D in house? Cause he knows about, okay. Shirt on. I'm ready for the and 17 season.

I went to the pisses game last night and they could, they could use me out there. Okay. First special announcement. All right. The moment you've all been waiting for. I'm waiting the third and final event from pre-market prep. Won't be final. Finally, the year end of the year, order execution, December 11th.

That's a Saturday order execution, maximizing your profits and reducing slippage. We're going to go into detail on order flow, how to read and interpret the consolidated tape. Dennis is going to explain how the off exchange market makers make money off your order and how they use limit orders for protection and then necessary trading adjustments.

So you'd need to help level the playing field. Understanding interpreting the order book would help identify key levels and turning points and price actions. We're going to go over all kinds of order types. And then we are going to talk about profiting from any efficiencies off the open and the closed December 11th.

That's the first announcement. Big, big agenda there. Second announcement is I am starting a new segment on pre-market prep plus. Starting today. Well, actually it started last week, but this is the second week of it. I'm going to advertise it yet. It's called Wednesdays with Wedbush. I'm going to have a different Wedbush analyst on every Wednesday from 9 0 5 to nine 15, and today it will be SOC Manuelian.

He has had an equity trading at Wedbush securities. He sent me a note what he's going to talk about, and it's amazing information. So what you need to do is you need to go to pre-market prep.com. You need to subscribe to the channel and you need to see this interview along with getting my levels and stocks in the final thing.

The final thing is that if you go to the pre-market pratt.com channel and you subscribe, you are going to be eligible to attend the event on December 11th for free. And not only that, you're going to get a vet number one and event number two. Oh for free, if you subscribers. Yeah, but not everybody's getting the event for free all one person, the YouTube subscribe to win the event for free.

Yup. Yup. I'll get a windy lots going on. Yeah. Lots going on December 11th in websites with what Bush. I want to see everybody there at 9:00 AM. All right. Triple D quiet pre-market session. Let's go. Let's go. Let's just start with the. Let's go to the agenda. Let's recall the agenda item down. You knew we had to leave the show with this.

You, you knew that, right? Avis, obviously every single week we're saying to ourselves, this is the craziest thing we've ever seen or received in the last couple of years. This was insanity. Uh, how high do we end up getting? We got a $545 and 11 cents. And Ava's yesterday, Dennis. I know you're watching this, Joe.

I know you're watching this. What were you thinking when this was going on yesterday morning? In real time, take us inside. Wow. Well, I will, I actually was tweeting in real time as it was going on. So if you follow my Twitter verse, you can actually know what I was thinking the whole time. And when it was trading up there, I was like, sell your peanuts while the circus is in town.

I tweeted that around three 80, came back down to three 15 and then went to five, whatever, 5 45. But what do you do when you're along a stock? And it explodes by 200% intraday. Yeah, ring the register and you sell it. And I think the car party is over. Um, this is unbelievable move. It was somewhat justified that we had to not move.

We talked about it on the pre-market prep show. I cannot believe it only opened up three points. That's what I can't believe, because that was a really good report. We talked about the report being just how amazing it was. I did not for the life of me think that the stock could take off and go up 200% after we talked about it.

Um, but it was a great report. It was a great report. Um, but it just got silly. The algos are incredible in this market. They grab a hold of that momentum and they just run and they run and they run and there was, was algorithmic driven, a lot of it, but it was also driven by retail frenzy. But again, the one thing you can never call the top on these things, but when your stock starts exploding and just goes into lunatic mode, which is exactly what it is.

Um, I think you got to ring the register. So whether you got three 50 or four 50 or five 40, somebody got five 40. Congratulations. It's a great trade. I think you move on. I do believe, you know, in the two hundreds, there was some value for car because they're firing on all cylinders right now, but this is just craziness.

That move was insane. Some of the options, I don't know if you saw this, but some whoever owned, like the two 60 options, uh, what were they going for? Uh, well, you could have sold them for like, I think if I saw, what did you buy them for? We know we could have sold them for like hundreds of dollars. Cause it's talking about the 5 45, but what was it going?

Oh gosh, I probably next to nothing. I think it was like, yeah, I, it was, it was, they were cheap there. They were, I would imagine they were significantly like, just looking at where the stock was. Like, if you're buying even the 200 calls or 2 25, I would imagine they're going significantly under it. Yeah, you're talking about a hundred bagger, a hundred, not a 10 by a hundred bagger.

So yeah. Incredible move 40 cents. We're actually getting 40 cents. Yeah. Yeah. Just, just incredible here, the move and car, obviously it was an awesome report. This market is just prone to this. We see this and we saw it with bed bath and beyond last night. We'll talk about that. We're going to bring that up sooner than the agenda because it's tied in.

Uh, but what are your thoughts here on Kargil I've given my thoughts. I think the high is in, I think the all-time high for a long, long time. We'll stand at 5 45. Well, you never know. I mean, it could go into lunatic mode again. Joel, wait, before you start, I want you to, can you just like take, I'm going to take your shards down.

Can you just put them back up for me? Cause for it, because we're on this new platform, we're working through things and I want to, I want you to reshare it. Cause the charts were a little bit blurry and I, I don't know why. So I want to get the blurry. I see, I see the blue blurriness, two guys. We're we're going to get, uh, let's find out

the HD. It's the HD button you got. Oh, we're better now. We're better. Yes. I don't know what just happened, but now we're better. So. Yeah, look at you. Uh, well, first things, you know, you talk about this things and how much money you can make. Right? A tiny pie media says, did you see anyone on wall street bad's posts where a guy lost his entire life savings and then some will try and to short car lost 169 K.

So, yeah. And what you can believe on wall street. That's what we don't know. People could post anything on there. And I think a lot of people do post anything, but I will tell you right now that some shorts that lost 169 K for sure. This is a concern like overall. Um, there there's some market structure issues here, obviously to, you know, that we've got halts, you know, we've talked about, you know, the halts coming in and then everybody knows it's halted and then everybody's flocking to it.

And where are they supposed to calm the market down? I think it actually does the opposite effect. Sometimes I think the algos get in there and start driving it. Um, once these things hit the limit up limit down, down halts, and obviously this was limit up, limit up, limit up. Then it was limit down. Then it was limit up.

It's very disruptive to the natural trading of it. It's also, I think there's algorithm mountain Memorial momentum, algos that use those for indicators when the thing halts the first time. And then they jump in and like really run it. So, I mean, there's a number of market structure issues here. The lack of liquidity, probably the number one.

When these search things they're going parabolic. Obviously we had a short squeeze. Anybody who was short, this thing was just basically SAS donated. Um, you, you see, you can see accounts blow out with this. It's scary when stocks do this, not everybody thinks so why? I wish I was in there, but I mean, this stuff can happen on the downside too.

I mean, we can go to Zillow in a minute too. It's not like too extreme. They're growing it down to zero, but there are so many market structure issues in here that I don't know if we want to jump into right now, but you know, the lack of liquidity is probably the number. Um, okay. Um, I have levels on this. I am still working on them and I will reveal my levels on car ad dot nine 20 on pre-market prep.

Plus, I'm not going to have any one of those right now, Dennis. I was telling Joel, if you, you know, you have some resistance up here, if you go back twenty-five years. Yeah. I don't my chart. Doesn't go back that far

in 1998, we got to four 16 and 19. Now I'm not digging through that. I would not have known that. Yeah. Yay. Congrats to that, to that person, because it's going to be based on yesterday's price. All right. Fair enough thing. When these things start to happen like this, it's the lack of people shorting the stock that really allows these things to go parabolic.

And what does that mean? It means there's no professional. There's very few professional traders that are going to be willing to short that stock to keep the prices. For the simple reason is that they don't want to lose 169,000 or way more millions of dollars in some cases. So the shorts that were in there getting squeezed and the new shorts are like, I'm not sure in that thing, cause I don't want to get murdered.

So, you know, contrary to popular opinion where everybody thinks, you know, um, you know, stocks going straight up, let's short. It that's the way you really blow out your account. Don't show it stocks breaking out to new 52 week highs. Don't short stocks making new all-time highs. Don't short stocks that are chipped up in limit up circuit breaker.

It's hard to control the risk and people learn that the hard way thinking, wow, I went to 200. How far can it go? You lost 150 or 200% in a matter of 10 minutes, 15 minutes. So it can get really ugly and the things going parabolic mode, I definitely. I don't want to be short those stocks and I'm not looking to initiate new shorts because like I was even saying to my wife, I showed her the charges.

Oh, short that thing. That's the natural human tents trader. That's a natural human tendency saying, well, that isn't going to last, I'm going to short it. Okay. Well, you did that. It was stupid at two 50, then it got to 303 50 and 400 and 500. And that is, you know, how you really get hurt. So when you can't control the risk, you can't be just jumping in there and even buying and chasing up at 3 5400.

You can't control the risks there either, because the thing turns around in 10 seconds goes limit down. Now you're down and it went, had one move. We went from 3 85 down to three 15 in less than 20 seconds. It's very hard to control the risk and stuff like that. You know, if you were in it ahead of time, I would say, you know, obviously good job.

And if you're still holding through all that, what do you want? You've got to ask yourself, what were you like? What were you going. Because when a stock goes from 180 to $500 in one day on an awesome report, is it going to a thousand is going to 2000. These things rarely last these moves we've seen again and again, Kodak, you know, we've seen, you know, the game stopped Nancy.

They rarely last and AMC J GME have held up. But those highs that those stocks made when they were going parabolic, it was a day, a day or two. That's really the move. And then they never usually revisit those highs, or it's rare that they revisit those highs. AMC's the same story you had a two day move.

Three-day move from $12 to $70 a share. And here we are, you know, six, eight months later, and we've still never revisited those highs. When the stocks go parabolic like GameStop two and two, three days, they make these ridiculous moves. I think you got to ring the register real quick. This, these are my levels in AMC that I will give at a nine.

Fair enough. Fair enough. All right. Let's let's, let's go to, uh, uh, Zillow here. Um, I mean, this is just, this is just brutal stuff. Um, and, and, and it's sort of mind-boggling to think about, but, uh, you know, we talked about this yesterday on the antique clothes show. Cause it was, it was, it was pretty weak Intuit's report, which you don't see too often.

Uh, and, uh, then they came out and said, yeah, remember the, the eye buyer program that we, that we suspended. Well now we're just gonna stop it altogether. And actually, while we're at it, we're going to take a 300, $4 million write down and we're going to lay off 25% of our staff because we're going to just shut down the entire I buyer or innocent buyer program.

It's not working for us. We have about 7,000 homes. We've got to sell, we're going to sell them at a loss and, um, kind of amazing stuff into to, to when you, when you put it in the context of the environment we've been in kind of.

No. Um, I mean, I, I I'll just get my upgraded at days. Doggy. I don't know what somebody upgraded this, go to the pro pro either upgraded or gave it a price target race, like two days ago. Let me check, go to the calendar. Maybe three days ago, last week it was EEG go to all time. Um, on how many people did they fire 25% of their workforce.

That's uh, uh, uh, uh, how many people it is, but, but I mean, significant, um, I think it was just a possum positive commentary, I don't think. Okay. Anyway, there was an analyst even on CNBC and it was given the price target. This could eventually be the next Tesla is what he said on CNBC three days ago when it was a hundred dollars a share.

So. I mean maybe bad luck, but you got bold, bold co going into an earnings report, being that bullish. And obviously in this case, it didn't work out. I don't know what to say here. The stock is really wild here now to you breaking down to new lows, just as much as I'd never want to own a stock making a new 52 week, or I never want to be sure to stock making a new 52 week high.

I never want to own a stock making a new 52 week low. And here you are Zillow, and you're learning the hard way if you bought this thing yesterday and I head of the report, holy macro was there selling pressure ahead of the report, Joel, because this thing open 94 and I was like, why they hammering Zillow?

And it hadn't even done anything as in a hammered it all day. So I don't know who got the memo, but holy mackerel, they were hammering that stock all day. It comes out and they hammer it even. So you go from $105 down to $73. Everybody naturally wants to buy the dip as much as they want to sell, you know, the extreme pop.

And we're all about buying dips and sound reps too. But the, the rule for me is I don't buy dips on stock making new 52 week lows. And I don't sell rips on stocks, making new 52 week highs. So sound the rip and buying the dip when stocks are in ranges is awesome. When they're breaking out, selling the rip, not so much when they're breaking down some, buying the dip, not so much.

And we are moving into a little bit of momentum market here, and I can clearly see that. So where we were in a contrarian market for much of 20, 21, the overall market, we're in a little bit Momo here, right? So could it bounce back? Absolutely. Is it oversold? Absolutely. But I don't know where that balance is and I'm not going to take the chances.

Neither am I either. And I, but, uh, uh, you know, yesterday we had a step-down seller and Chegg and they just kept on selling here. You've had some big sellers, but coming in, you know, an hour, a little over an hour for the open, you do see a buyer. There, there is a buyer there that wants to bring some stock in it's 70 bucks.

I mean, I'm not, I don't have that. That's like not a monthly level, but the pre-market lowest 69, 81, your four bucks off that just the way it's a little different situation here. So if I'm not trading it, not doing options, not doing anything in, but I'd be lucky if I was short, this I'd say, man, I want it.

I'm going to put some bids out there in 70, just in case they flush it down the toilet one more time. And then I would stack bids all the way down to 67 and change, uh, because that was a monthly. If I was not initiating no, no, no, no, no. And you know what? 67 to 70, you know, if, uh, if I brought it in there, then I'd be a happy camper because I'd be buying it in a declining market.

The next monthly low was 56 31. I don't think we're going to see that today, but just. That's a little thing if you're trading. And what about all the people sitting on windfalls from the last two days? What are you going to wait for you to wait for it to go to 50? You know, this thing is wild too. This kid, this could see 80 today.

You don't know where this thing's going to go. Uh, I think if you're short, I think when your stock falls just as much as you sell your peanuts, when then when the circus is in town, the upside, I think it's the same thing on the short side as well. If you're short the stock, I think you're ringing the register.

When the stock falls this bar to, could it continue to go down? It could, but it is oversold, but I'm not gonna try to call a bottom initiate a long at this point in time. I mean, just curiously. I don't think the short interest is super high on Zillow. You're talking three and a half percent, so there's not a lot of people making money on the short side.

Um, you know, and obviously that has something to do. And you know, when you're looking at initiating shorts and looking at different things, the higher short interest is sometimes like we know a catalyst for the stock to go up because it's already too many people betting that way. So it's crowded trade.

This was not a crowded short. It was probably a crowded long, which is clearly coming off here. This. So I think you've got some bounce levels. I think he got some that was bringing in, but I don't want to initiate along here. You're right. It could bounce to 80, but it could also continue to pull a check and continue to leak all that shake, you know, opened.

And we talked about it on the show, why I didn't want to buy it. And that's the danger of buying stocks making new 52 week lows. You bought it at 40 or 39. It was pre-market 42 41 40 opens 39 and they puke it down all the way to 32. You just lost a quick 20% trying to call a bottom hard to control the risk when stocks and making new lows and how this is going to be for the other ones.

Open door got hit off this news actually, Joel open door went higher yesterday after hours. It's spike.

You think it's good for these other, the other ones? Are you just thinking, I mean, Opendoor got hammered ahead of it and now what are they thinking? That is less competition. Is that what you're thinking here? That's exactly. It is. There's no open door is the only game in town now for if you're Intel buying, if you believe that, I don't think they do that.

I don't think Redfin does. That's getting hit in sympathy just overall, just because this is real, there's a loser somewhere. There might be a winner somewhere. I mean, that's, I don't know what it is, but I'm just thinking about that. It's an ugly candle yesterday. Open could bounce back. It's flat here this morning on it.

I don't know. This is above my pay grade. Trying to call we're open. It's going to go off of this. Uh, I, I think there is a relationship. Like I agree with you and I get the, the competition thing, but as ugly can like Cod a lot along that space, not clear sailing for open to catch score. Yeah. Yep. Uh, not your other disaster of the day is, is activation.

Absolutely brutal report. They're delaying more games, job Diablo delayed, uh, sorry. Do you have a four, uh, Overwatch to, uh, delayed probably till next year? Their, their, their head of blizzard is, is stay stepping away. Um, I, I mean, th this is not the, not the first delays we've seen from, uh, regarding these two franchises and it's just, it, it, there, there are two of their key franchises.

And so the numbers are, the numbers are, are what they are, frankly. I, I think they may have come in higher on beyond the EPS, uh, and on the sales, but it's not really relevant when you're, when you're doubling. That's what, that's the last thing that the market likes to see right now. So Zillow, Activision, and these are not the stocks you're looking for.

Yes. I just made a star wars reference, but I mean, it's down 13%. Again, if you're buying it here, you're buying a stock, making a new, isn't a new 52 week low. It's very close. If it's. Um, actually I believe it is. Yes, it is. It's a new 52 week low. We know we've talked about the stay at home trade coming off.

That's something to do with it, but not everything to do with it. Delayed gains a lot of problems here. Do I still like the company? Long-term I think so. I think if you're buying Activision at 67 and putting it in your long-term portfolio, you'll probably be happy two or three years from now. But I don't know if you're going to be happy two or three weeks from now because stocks making new 52 week lows often don't just bounce right back.

So I'm going to wait until the dust settles here. I would be interested in reacting activist. I sold my stock at 82, my long-term stock. So I'd be scalping myself, 15 points right now. If I bought it at 67 this morning, um, we'll see, I'm not buying it this morning though. I'm going to wait until the dust settles a few days.

Maybe eventually get down and dirty, but I have some Zynga which isn't going to do well after this either. Obviously I have some take two, which isn't going to do well off of this either take two is going to report tonight. What I will say is we just set the bar even. Or take too. So we always say you want to be the second company to report when the first company disappoints.

So take two is set up actually, well, if they get hammered today, which they're going to get hit, it's down $2 and 50 cents already, but if they really take to the witch, don't be surprised if take two says anything. Okay. If it was actually the rally off the report, we don't know what it's going to do today.

Two 50 is not down much, but if it was to get hit hard, Um, it'd be an interesting setup into the report tonight. If you've been waiting to buy this stock at the June, 2020 lower 67 40, that's what you have on the screen right now, 67 40 a step-down seller. Since the number came out, I mean, someone's, there is a bid out there, 67 40.

So I keep an eye that on your pre-market love. And if you, if you don't want it at 67 40 and you think it's going lower, the next monthly low comes in at 60 to 85. Now that's, you could probably drill down on your dailies or your weeklies, your monthly's, but when you get these kind of a historical moves like this, you know, looking at a one minute.

In a, is not going to do anything. So keep an eye to monthly lows, June of last, uh, last year, 67, 40 may 60 to 85. But just a, how about the stay at home stocks? Just add a whole, you know, I mean, they are charged what was a Tupperware P T oh, let's go test the one. That's the one you're thinking of because that's what you store your food in when you're cooking at home all the time.

Yeah. You got all your food stored up for the pandemic, which is no longer here. I mean, we're, we're, let's, let's, you know, just, you know, call it out here. We, we, we appear to be going back to somewhat normalcy, which is awesome. You went to the piston game last night. I went to a couple of restaurants.

Recently. We got vaccines coming for five to 12 year olds where they want to give it to or not. It's an option. It start to get us all back to normal. The back to normal trade is kind of on, and the stay at home trade is completely off and disastrous at this point in time. Um, I don't know what that means for your Peloton, but that doesn't look healthy on the church.

Either. Zoom has had a nice rally off the lows. If I was long zoom, I would sell it as well, because there was so much competition there. I don't like that stock either. Um, so you're, you're back to looking at these stocks and saying, well, what stay at home games gaming is stay at home. There's there's already an inclination for people to be selling those stocks.

So that's what makes it difficult. And CRS are great question from the chat as well. It is a gaming stock. Um, obviously a lot of headsets, other things too PC, but there's a lot of gaming in there as well. And somebody saying I had nice pop pop-up earnings. Why did it give it back? Fantastic. The reason it gives it back is because there's so much overhead supply.

Everybody has just been crushed in that thing. You know, everybody who bought it on Reddit at $40, you know, is now looking at a 25 because people don't like selling it losses. And you know, every time it rallies a little bit, you've got more bag holders trying to get the hell out. This is why it's so difficult for stocks that are in down trends to have significant rallies, at least until they break trend CRSR has not broken trend.

You know, what I'm talking about is this downtrend clearly from the beginning of 2021 was $50. It's been cut in half over the course of this year. That is a clear, downtrend is very difficult for those stocks to break that trend is the company getting to a cheaper point. Yeah. But you know, is there a lot of cheap gaming stocks out there?

Yes. Logic tech goes down every single day. I bought some logic tech. I couldn't take it anymore. I've wanted to stock my portfolio for a long time. I stuck it in the long-term portfolio and I'm already down at like three. So it was a mistake and here I am, you know, doing exactly what I'm telling you not to do is trying to catch the falling knife.

Yes, it is in the retirement account. It's a stocker one in there a long time. It's fairly cheap. I think it trades 11 or 12 times earnings. Um, so I wanted some more exposure, but I shouldn't be trying to catch the following night. I should at least wait until it starts to break trend. So I'm going to probably take some heat on that one, obviously, uh, head and shoulders, a little toppy on the, uh, on the monthly then at the bottom right there.

I just, yeah, you see the left shoulder, uh, at a certain point in time. It's cheap and you know, this is just stupidity on my part. It was dumb. It was dumb. It was something I wanted a long time and I'm like, wow, lodge texts, 130 down to like 82 Kramer. Talk to me and do it too, which maybe shouldn't let us all the time.

But he's like, this doc is just. Um, it is cheap stocks get cheaper. So learning the hard way to a certain extent. I'm always learning. We're always learning as traders. I would never have it on for a trade, even as an investment, you can time it better, you know, like, so I probably should not have put a couple of lotion.

Why catch? Yeah, exactly. At least I'd put a couple of lows and, or at least, you know, start to break trends, start to show some life before. And I do this wrong in my long-term portfolio all the time. Like I've said before, I feel like I'm a great trader. I mean, I've made all my money for my entire life from trading.

So I'm, I think, you know, the results speak for themselves. The jury is still out on whether I'm a good investor or not, because, you know, I've done some good investments in my life, but I've done a lot of bad ones too. And you know, it's like, I go half size, you know? So I think I'm an excellent day trader.

I think I'm a good swing trader. I think I'm.

That I did go on the Peloton yesterday for the first time since March or April, April, and I had the text Lisa and get the password for, yeah. So we apologize for that. We had to connect to the issue. Was that, was that the new restream or was that on you guys? Um, TB did a, it could be a couple of reasons.

What we'll show you after the show. That's one strike against restrain three strikes and you're out positive for it. It's a super Mario background. I love the super Mario. That is one that is probably the best game ever made. I'm going to say it right now. I know there's a lot of other people who like all these new games, they don't make them like they used to that super Mario brothers game.

Absolutely. Fantastic. I love the backup. Um, that's fun. So we'll give restream, uh, some problems we're having, uh, as we apologize for going out for a second there and also tell audio, did we got audio? We're audio is back. I'll put it in the chat chatter, brief refresh. Uh, page to get audio, um, audio. I didn't have to refresh.

Okay. Yeah. Uh, and my camera's back now. We're all back now. I was telling the guys earlier, before we, uh, we, we, we caught up, uh, Joel, Dennis was telling me, uh, mentioned the river. It's bringing me back to the days where we used to have Gremlin's every single day I used to have to call a bird at like, oh yeah, help me.

No, we never have very many gremlins anymore. So hopefully we don't have any more gremlins with this new, we're trying a new software here today. It's can do it's a lots of bells and whistles. Hopefully it is reliable though. All right. Let's give them the ability is the number one concern, so, okay. So, uh, Joel, he's falling.

Yeah. Yeah. My laptop, my laptop needs to get plugged in. I'm sorry. Should I go off camera when I do that? It's fine. Okay. So we're talking to gaming stocks. The gaming stocks are having a bad day. What is not having a bed bad day is bed, bath. And beyond

whose guest we don't have a guest or we don't have a guest. Okay. Well, let's go into bed, bath and beyond right now because I can talk 20 minutes on this. This is part two. And what do you do in car part two last night? What do you do? You don't chase it? Yes. Sell your peanuts while the circus is in town.

And you know what the circus was definitely in town. When the stock goes up a hundred percent on its earnings report. Yes. It was a great earnings report. Yes, they did a buyback. Yes, they did a deal with Kroger. That is all awesome. Let's go. Krogering everyone, but let's this is an Amazon it's Kroger. The deal was Kroger Kroger.

I just want to say they didn't just do the buyback. They finished their Bible. Th there or there, or they're going to finish their Bobbeck two years ahead of schedule, uh, by stuck with so cheap. They're like buy more. It's too cheap a couple of days ago. So they're set up well, they're on pace to have bought back a billion dollars worth of stock by the end of this year.

So the thing, oh, we might as well just buy more while we're at it. So they're adding $300 million to that buyback plan and they're doing it. They're accelerating their buyback plans for next year and the year after. So they're just like, they're just buying back hand over fist. They can't help themselves.

And yes, the Kroger deal is also a thing. Your stupidity $30 a share. That's my opinion. Sorry if you bought it up there, but that was just not a good move. I do a lot of stupid things too. I do stupid trades all the time. Biologic tech three days ago. Very stupid. Um, wow. I cannot believe how high did we get Joe's over 30.

We got to 32, the stock doubled last night, Sally European. That's why the circus in town. These are gifts from the trading God's gifts from the trading gods. Do I think, you know, we should be buying a 24 75 this morning. No, I do not. In my opinion, I believe the stock is actually path of least resistance is still lower from here.

It is still up 48%. This is bed bath and beyond folks. Well, I know we're talking squeeze, I'm going to squeeze other shorts and we're going to go to up a zillion dollars and to the moon with bed bath and beyond. But we've been down this road before people. How many times have we had these huge moves and bed bath and beyond.

And they are very short lived. So we always say, you know, we can go back to the Ryan Dietrich quote that, you know, and obviously it didn't come from ride, but he says it all the time that his. Isn't necessarily history doesn't repeat itself, but it sometimes rhymes in the case of bed, bath and beyond it absolutely rhymes.

I'm going to argue that it does repeat itself because you had bed bath and beyond back in January, when it became a meme stock, and we were going to squeeze the living lights out of every short go from 34 to 53, and then it continued to leak and give it all back. Two days later, you had another one back when we decided yes, again, we're going to squeeze the living daylights out of the shorts and bed bath and the one from 27 to 44.

It was another excellent selling opportunity. And those who didn't sell regretted it a couple of days later last night, again, we're going to squeeze the living daylights out of the shorts. You did a good job you guys did, but these sorts squeezes usually are short lived. Why? Because they're usually done on stock.

Sometimes, you know, aren't that great car, a little different story. It was like black car firing on all cylinders. But in this case here last night, bed, bath, and beyond go up a hundred percent on the report, uh, is isn't justified in my opinion. And I don't want to stop. How do I follow this? How do I follow this?

How do I follow up on that? I mean, triple D uh, Spencer and my charts gone now. We're here. We're here. Okay. All right. Uh, man, people becoming in take your Dennis's advice here. Since it hit $32, we did a 20 I 27 before the show started. I said I was at $27 and I was like, well, the circus is in town at $30 last night.

Believe I tweeted it out. I've been tweeting that out. So your peanuts while the circus is in town, technical support is at the top, but yesterday's range yet 1681. I don't think it's going to get down. Uh, how about, how is this doing Danny? Get Kroger off the mat. Oh, not bad. It's not that. This thing, got every meme stock off the mat last night.

And you saw every stock that was a Reddit stock back in January, getting bought hand over fist last night, including a AAMC and GME GME hit like over two 20 last night, it's still up eight box AMC ripped up like 42 or $43. And then you had all the other Reddit stocks, just rip roar and rally, and them work horse was way up.

And I actually traded a bunch of these because when bed bath and beyond started ripping like that, I thought to myself, well, we just did this exercise in our educational event a week and a half ago. And I actually gave a slide of bed bath and beyond I just went bed bath and beyond as these huge squeezes, what we saw was all these other high, short interest docs there to get life.

And they absolutely did. I bought workhorse last night on the bed bath and beyond at 7 75, I sold it about 10 minutes later at 800. So, and there was a bunch of other ones too. SDC was another one I didn't get out of all of it, but I got out of most of it, but there was, you know, there was, uh, um, w which are the other ones I wrote cost was way up.

It's given it back now. E X, P R was way up, it's given it back now. There was huge, huge moves and these things last night, all a gift once again. So if you were quick and I was quick on a few of them, you're able to buy them flat. They got the bed bath and beyond pop that's already all happened. Could it happen again today?

It could, but it's already happened last night after hours. I think the bed bath and beyond 32 highs. And could it go up to 27, 28 again? I don't think it's rip-roaring to 40 though. So, uh, and, and yes, we're course I it's, it's not necessarily a meme stock, but it's tied in. Thanks for the question, Christie.

It's tied into this whole group. So we've given this list out before we gave it out on, you know, the high, short interest stocks and bed bath, and beyond start a little bit of squeeze and all the high short interest stocks last. That's already happened. It was an after hours trade. A lot of the stocks were already come on, move on.

Right course lifted eight, 9% last night. Good trade. Uh, I noticed when I went in there, Beth, and a couple of couple of weeks ago, uh, like a while ago they started to go into groceries. I'm like, you know, they had like all these fans and I'm like, what are they doing? And then I went into the wine, which I think is closing at 14 and orchard lake and all those shelves were empty and they got rid of the old, the food stops.

So maybe they were, are they, what are they going to do with Kroger? I mean, I know that it's not really that important, but what are they going to actually going to do first? There actually is another headline that we miss a shot to end on the chat for alerting us to this bed bath beyond also now last night that they're buying a hundred thousand Teslas.

Ah, Nope. People believe that, so, okay, fine. Fine. That, that one did not land. I thought it was funny ed, uh, uh, Joe, to answer those questions for you, what actually is maybe has to be on doing with Kroger. Uh, I liked the zippity dude. I'll before I go on just for doing jokes right now, it says ride needs to buy a hundred thousand.

That may be true. I was laughing though. It's going to be an e-commerce, um, uh, collaboration, right? So, uh, yeah, uh, they're they're going to have like bed bath and beyond, as I understand it, bed bath and beyond, uh, products, uh, available on kroger.com and that's essentially the. So, so, um, yeah, yeah, yeah. It's a weird one.

Um, anyway, let, let's go to, there's a few things we want to get to before we go to tinker time. Well, these are also tickers from the chat as well, but I'll lift, for example, we should probably go to Lyft here had earnings also last night. Um, and I'll give you those numbers now, their earnings per share, they lost 21 cents per share.

I don't think that's comparable to the asked me, asked me what was hot. Was that a 3 cent per share loss adjustment? There sales is more comparable. Sales was a beat 8 64 versus eight $62 million. Um, yeah, they gave some guidance or there, yeah, th EPS is not comparable. Th th they were profitable for the second straight quarter on a basis, but, uh, yeah, EPS not, not real comparable.

Their sales were okay. Uh, someone was doing their technical analysis last night. Well, first of all, to say, got absolutely hammered. Look at this, going into the report. So bail in a lot of people out, um, traded up six to 18, but someone was identifying the series of four highs back in mid-October between 50 to 75 and 53 45.

Your pre-market high that comes in right at 53, right on the kisser. So if he get back up to that area, that would be resistance to me. Uh, if not, but I am the open, you know, if, if, if you, like, let's say we open up 51 and a quarter, we go to 52, boom. And then come back down to the open. I don't know if I'd want to be long.

It there's, uh, an for Dennis gives his comments. I will just say, uh, Uber, uh, Uber is getting the lift off this to hold it up a little bit now. Yeah, pre-market high. I'll just give you that at 4,600. Um, this stocks and a clear down trend, we're going to CRS our list, left trade, and it's a little more extreme version, but I may want to clear it down trend 2021.

You've got bag holders all over the place. A lot of people don't trade pre-market. So what you often see is these stocks open up and then start to give it back right away as everybody's like, oh, I can get out. I can't got to get that nine 30 open and give you all to get my money back and to be able to get my money back.

It's a lot of people sitting here that actually don't have pre-market access. I know a lot of retail does now, but a lot of traders don't a lot of traders. Don't trade pre-market and they're waiting for the open. So some do, but I think you're at a point where that's where volume really spikes after the open.

Cause he would release the hounds on it. And everybody who's caught in this thing over the course of the last, you know, few weeks for sure. Cause it's been trending straight down, but even the course of the last few months is looking like, oh, you know, you bought a 50 and then it went down to 45, then 155 out of 50.

I was like, oh, I get my money back. I'll move on. There's a lot of people who want to get their money back and left. That's why I'm not chasing this up $6. I'd actually. Be more inclined to short left here. Um, I don't have a position on it so I can freely talk about it. Um, I would sell this rally if I owned it, just my opinion.

We also, I don't quite know if this is a stay at home play or not, but a Wingstop earnings around with this morning and they were not good. Their EPS missed 29 cents versus a 35 cent estimate. Their sales missed 65.7 versus $74.5 million. They did, uh, you know, they're still doing the dividend, but they guided that their, uh, their domestic sales growth guidance, uh, or that is for the year, it was going to be between seven to 8%, um, which, uh, which is actually up and down, uh, from, from their prior growth rate.

And. Yeah, I don't, I guess I think so. I was going to say it too. I think Wingstop is a stay at home play. I also, this trade up for 1 77 ahead of the report last night. And I was like, oh, I want to short this. And I was trying actually, but it never went back up there and went quickly. You could've got 1 71 72 last night.

It was really thin. And I was like, I kind of wanted to short it into the report for the simple reason is that one, it's a restaurant and we know restaurants, obviously aren't doing as well on two for the exact same reason. I had it in my head that it was the stay at home. And I'm like, I don't, I kind of want to be shortened to this report.

I did not. I'm kicking myself here today. I should have hit the stock short at 1 72 and been collecting 20 points here this morning. Uh, you know, being down 20. So I'm mad at myself for that. It takes guts to go short into a report. A lot of guts I saw and I never do it on serious size, but I did well, I would take a normal size position now.

I wouldn't like load up because I wouldn't go on and get card or something if I was wrong. But you know, it's always scary shorting stocks and reports, but it's set up well. Okay. And you've been talking about your buddy and, uh, uh, the, just the exponential price growth and, uh, and chicken wings too. You were, yeah, I would tell that story multiple times the way I hear it shows up.

I mean, that's a lot of money to just be made, just talking about. You know, like talking to restaurant owners, how's it going? You know, if you've got a buddy that owns the restaurant, how's it going? You know, like, and that was a friend of a friend and said, you know, and he owns a bar. He's not a Wingstop. He just owns a bar, but he's like the chicken link cost is just killing me.

So I don't know if the chicken wing cost is killing. The guy in Indiana with the bar is probably not helping Wingstop either. So, I mean, I told that story twice in the show and probably should have been shortening this report just because, you know, Hey, just talking to people, chicken wing costs are going up.

I think it shows up in that report, which is, I didn't read the Wingstop report, but I'm sure they're talking about food costs in there. Involved in inflation. Restaurants are getting squeezed on both sides. They're getting squeezed with higher food costs and higher labor costs. Restaurants are just not the place to be right now.

One the oh three, that was your July low that's where you're traded down. But it just doesn't, it looks like there's seals someone out there that wants to sell a little bit, uh, next monthly, low look out below 1 36 60. That shit. If they, if it gets 1 36 off, man, one big 50 is big. There's an iceberg sitting there right now.

So we talk about order flow. We're going to talk that we'll explain it. And obviously we'll do strategies off of it on December the 11th. But an iceberg order is an order that's sitting there with a hundred or 200 shares and it's a lot bigger. So it's only showing the tip of the iceberg. You know, the order might really be like this, but we're just showing 100 shares.

They pack away, pack away, pack away. Cause they don't want to show the big bed there where that's going to spook the market higher. So, you know, when you show big size out there, the algos, oh, I got a big fire out of buy, buy, buy, buy, buy. So that's why institutions high and they use icebergs. I can know it's an iceberg because I've watched this one 50 get hit multiple times here, just even while we were talking on the show about it and it's not going down through it.

So we don't know if that 100 shares is 1000. We don't know if it's 10,000, that's the whole point of the iceberg. We don't know how big it is, but it's bigger than a hundred chairs. So it's been hit a couple of times. It's not moving. So like, okay, we got a bigger fish there than it appears to be. I mean, are you using an iceberg for a hundred shares if you got 200 shares?

Probably not. You're probably just putting the 200 share order, but if you're putting an iceberg 100 shares, you've got 10,000 to buy. There. That's a significant order that could stop the stock from going down. And it's also at a key level of support as well. So as much as I just said, you know, I want to be short in the report.

I don't think I'm shorting it at one 50. I'm down 18 and it looks like we got a buyer there at one 50. So maybe it's a balanced. Um, I'm not trading it off of that, but I'm just saying there's the potential. I was short the soccer. Yeah. I mean, it's significant volume trading here, uh, over the last half hour.

Just let me show you the volume. That's what you're looking at. Uh, It's not a ton of volume, but maybe if they were buying 10,000, they got complete here because in this bracket here, pre-market low is 1 48. They bought about 10,000 1 48. Your pre-market low. And I gave you that next monthly low at 1 36, 13, uh, where to sell this thing on a pop.

I have absolutely no idea. All right. Let's do some ticker time. I know there is a bunch of people drop takers in the chat, if you'd be so kind to do that again, please, because I wasn't able to write all of them down my one idea for the day. And I recognize that I may be a couple of weeks late here, but I'm not a stop you've ever discussed on the show.

B a T R a. This is Liberty media. This is the owner. The owner will be straight on exchange. It's just that they have class, a class B Joel's right owner of the Atlanta Braves world series champions. I, I see we've run up for the past couple of weeks. B a T R a bat, rah bat, Rab, BA TRS Liberty. Have a big state.

Yeah. Okay, go ahead. And it's B a T R a and B a T R B. Cause there's more than one, uh, uh, uh, share class, but BA TRAs is the liquid one and, um, I just wanted to bring it up just, I don't know, in case anyone has thoughts, but it's, you know, it's not a very volatile stock, but the Braves did win the world series last night, so.

Wow. Yeah. Yeah. I can, I can tell you it's been up at 31 54, a hundred shares. We were talking us super in a stock that doesn't trade a lot. Yeah, best offer. There's an odd lot. If you buy the book arc a book, you can see there's an odd lot at 35. It's only eight shares, which is basically nothing. The best offer is way up at $40 21 cents.

So what I can tell you is that this is not figured out where it was 58 K yesterday, one at 22 K uh, on Monday, a simple pattern. I mean, pair highs here, 32 0 1 32 13. You know, take that out. Boltman sit-ins can't get it any easier and technical analysis, then you've seen a potential double top here in the lower 32 handle.

Okay. Uh, here's one let's look at Z. I M a Zulu, indigo. Mary. This is a shipping play, I believe, right? Z I M a it's pretty sure it's it's yeah, I think you're right. This is Mitch. Mitch has given us this one before. Yeah. Yeah. That's why submitted stock share with Mitch Mitch? Um, some news on this wide brain, this, oh, this is from the ticker for the chat from the chat.

Yep. Start to clear up trend. It's moved a little bit too far, too fast. I would say 46 to 55. You're talking about 15% move in four or five days. That's a big move. Um, I'd want to get this back at 50. If I was going along to be honest, I, the 5 77 is my level. That was your high on September 27th opens up, uh, after that, but, uh, right there, another high at 55, 1 at 55 77.

Your pre-market high just under what? Uh, what's the shipping stock? Uh, the national naughty tanker. Is that a and Nat, but a doll. Wow. Yep. $2, Joel. Yeah. Just curious when you thought yeah, it's an oil tanker too, right? Yeah. So. I think so too slow. They want perfect double top yesterday. Joel, like at this levels, Joel al-khan and loved from his textbook levels.

1 0 1 12 0 9 75 on $1,200 stock. I'm going to call 12 0 8 59. A perfect double top. Yes. It's a dollar way, but it's a $1,200 stock. It's got 50 point range every day. I'm going to call that a double top. So did you see what the height did you see what the clothes was on Thursday and Monday to 12 0 8 59.

The next, wow. That's crazy. In the highway 59. Yeah. For a thousand dollars stock. That's a wild as Tesla. You've got some major resistance up there now folks. So I think even stepping down, I think even, I think you find some and that it did not make the new high. I said, I thought they buy the dip yesterday and Tesla.

They did. Um, it did make a new high though. So. It's got it. It needs to make it today. If it doesn't make it today, then you start worrying. If it loses yesterday's low, I'd be concerned. 1146. Yesterday's low. Obviously it's going to be wild. So you've got clear resistance. Super-duper resistance defined at 1208, then Joel, I'm taking all your lines who has, when I learned from you.

Um, and 1146 is the low. So that's where I think people would get concerned. So we'll see, you know, I don't know if we're going to see an inside day here or not, but it's right in the middle. So that'd be tough. I 1146, Dennis talked about that. His yesterday's low and I just in the pre-market yesterday, and this is just, uh, you know, when, uh, off the tweet and the pre-market yesterday, you got 11 25 31.

And your next daily lows at 1118. So 11, 11. I would, you know, long-term shareholder, you know, it cracks, you know, your, um, I'm not going to worry about this news or I don't want to sell it on strength. See what happens if it loses 11, 20, that's just, you know, not trying to pick a top. Okay, dear. Okay. So dear, what can the matter, dear Joel, to answer your question, we thought that they had to reach an agreement with the striking labor that they, they, they, they came to the game to a deal.

The deal was put to a vote at the union, the union. Thanks. But no, thank you. So we are back now to the drawing board, uh, and we are, we are still, we still have a strike going on that has flipped out in the book. Never buy a stock off a union deal when you're not sure there's a union deal, but what chapter will that be before they vote on for their vote on it?

All right. So pull us back is when he got here, we're both over at three 40. Yeah. Well, that's where I think the balance level is next, max. Okay. A couple of talks from the chat skills they report tonight. I mean, they're going to kick, got a rating skills resumed with a buy. So that's why skills up this. I just want to say this ad the, uh, they hired the Amazon Zack, uh, exactly.

Uh, what day I will predict that was on. Uh, they hired the Amazon exac on October 21st, I believe. And I would say, can you know what, that's a key, this thing needs a catalyst. Um, also Sean likes this one and also, um, don't give him like an NFL deal. Like isn't this a company that has like a real deal with somebody's skills, uh, for NFL, for something.

Am I wrong? Maybe lurking in the background, we can look in the pro right now and I'm like, yes, they, they do have an NFL, some sort of NFL complicated. Yes. And you see that? Go ahead, Mitch.

Yeah. And this was back in. Yeah. This is back in April that they announced this. Get Bert on it, actually February he's back in February. Excuse me. So, wow. We need to get bird. Okay. Um, someone's asking if we can please talk about under Armour. We talked about them yesterday, but yeah, they were poor yesterday and hear a match.

What? They didn't hear Mitch. So when he talked there, oh, that's weird. Yeah, I know we got some issues here with this one. Thumbs up, thumbs down. No, no, no, no, no. It's not just that though. It's also, Mitch has a, Mitch has a broken computer, uh, which is part of it. I'm fighting with it right now. Now you guys.

Um, what I said was pretty much that the game wasn't released, um, that was supposed to be released near September time. Um, this was a competition that was done in summer. It's supposed to be done near the opening of the NFL season, and then they were going to put a game out the game. Still hasn't come out, worries about what kind of game they can actually gain the consumers interest in right now.

I didn't see. Yeah. Uh, okay. Under Armour real fast popped on earnings yesterday. I'm not sure what else there is to say about, we already talked that one. Yes. Yeah. I don't like to just, I don't like the way it backed off. That's what I said. This yesterday hit 2250. I talked about that 21 level, holding that dead.

Hold off the open. Let's see, I made, if I was London, I wouldn't want to see it. Take out that 2156 only getting a few cents and the pre-market long-term buyer maybe come down to 19 29, 19 30. That fills the gaps. That's what I'm looking at. Uh, in, you want to see one more, uh, Ang, this Quebec brought this up.

I feel like we definitely brought this up back in February and I'm amazed. Uh, you hall, have you, have you looked at U hall recently? U H a L. You walked into that chart recently, but it always goes up it's yes. Always goes up, always goes up. This has been going on for a long time. You all, I guess I had the five years of consolidation.

I don't know car rentals. You hall rentals are going up too. But yesterday when I saw the car, not really, uh, okay. Why can't rent from Avis? I'll go run a U haul. IB. I don't know what the 70 traits there or not, but if it didn't make a new high yesterday, I am going to let you guys finish shopping dash Spencer out.

I'll talk to you later on. Oh, wow. That was a pre-market prep. That was a very sudden exit for Joel. Okay. Uh, then, Hey, look, today was I forgot two more. You got two more? Ooh. Okay. Let's go quick. Let's go. Oh man. I'm scrolling through the chat here. Let's look at Papa. Papa. We can go to, someone keeps asking about den Denny's for some reason.

I don't know why I was drawn snow. Thank you. Yeah. Yeah. I don't know why people keep asking about that. You want to look at the visa. No, not really. This was one I don't like either 52 week low. I believe it's making a new 52 week low. I own MasterCard. It's not quite a 52 week low, but as a new six month low and visa, I own MasterCard.

We got crypto coming at them too. Don't kid yourself with this crypto market. Um, I just think people are in looking at transactions and all the new, you know, so fine and everything else you've got going on there. Competition coming from MasterCard visa. I owned my master stale for the simple reason is I don't want to take a 2000% gain.

At least not this year. I'd rather take it next year because I've got a really good trading year. Um, but MasterCard visa, I don't want have them here. Yeah. Okay. I have one more. Fair enough. Blockchain errands. Ask him about hive. I still own high blockchain, mine long. Frank Holmes. Love Frank. And that's why I'm long hive.

One more. Let's look at lemonade because it's popping here. Long-term. Earnings. Well, what's the deal. Oh, I don't actually think so. I think it was just a no, no earnings are next week. Well, that's the deal. It's a four bucks. That's news. That's newsy, newsy, newsy, lemonade, car lunches. What, what does that mean?

Am lemonade car. I'm looking at the pro Irina, right from the pro lemonade insurance company, powered by AI and social good today on build this newest product for the lemonade car designed to bring a fresh tech first approach to the category. Is this for real? It's it says company. Why do they need to do cars?

I'm reading it right from the pro that's in the pro. It says lemonade car launches. Oh boy. Is that right? I don't know. It's up four box. If that's what the press release says, I then that's what the press release that speed BW. That's from you guys. Um, Oh, you should know this has been Zynga, right? I know nothing about lemonade cars.

I'm just reading rights from the pro. So I'm assuming that's the headline here. We're in short supply of cars. So obviously lemonade. I'm not going to fade it if it's a real, if it's, you know, and I don't, I'm just reading it right from the pro, but I'm not fading any car headline here right now after yesterday.

Yeah. Um, yeah, yeah, yeah. I see it too. Right there. It's uh, okay. Let me and has a car. I don't know. I don't know if that's right or not. I'm trying to just verify, but yeah, I think it is lemonade introduces lemonade car insurance. This is okay. So I, I think this is they're calling lemonade car, but I believe is lemonade car insurance.

I don't know how it is business wire. There it is. So business while we're going to actual business. Yeah. When we go there, says lemonade, car launches, lemonades news probably features great prices for safe drivers best in class. Okay. So it's the app. That's called car it's car insurance gave me for a second.

I know I'm looking at it. I mean, that's a very deceiving press release lemonade car launches, but it's the app for the insurance. That's called lemonade cars. So we're going to clarify that now, but when you just read, I don't know, maybe the algorithm just reading. I love it. It's got car buy, buy, buy. So I don't know.

This sound goes, it's all they do. I'm part algo. So I just read the headline too, and that's what I do as well. So lemonade car lifting on that, Dennis is I don't, I don't know. It's breaking out to a certain extent. $70 old support becomes new or old resistance becomes new support. So I think I'd like it at 70, but it's hard on these headlines there.

It's not. All right, Dennis. Uh, we, we, we we'll see you later, uh, or, or tomorrow. Um, uh, and, and we will get you and Joel, and may, if we will get you all, some new equipment here, uh, I have a fancy new camera. We'll get y'all some fancy new equipment here. Uh, I promise, but, uh, Dennis, thank you as always have a good day and a good luck to everyone sell your peanuts while the circus is in town, not investment advice.

Ooh, but is it circus advice as a question maybe? No. In all serious has all the information from our show is meant to be used, uh, for informational purposes only, not for circuits advice or investment advice or, or, you know, it's it's it's it's it's uh, it's it's education it's information. Not investment advice.

Um, and yeah. Hey, thanks everyone. Have the chat today for bear with us. I know we had a couple of glitches in the matrix where we will work through these as we, um, get better at using this new platform, but there are way more features on this that we are loving. Uh, so coming up next is live training with Benzinga Mitch, Ryan, who nade going through the open.

Uh, they'll be joined by a special guest also at around 9 45. I don't want to say who you'll have to tune in to find out. And, uh, that'd be a wrap. Everyone have a good rest of your day. Stay green, stay filled, and we'll see you later.


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Episode Summary:

  • Avis stock becomes a flying car: CAR
  • Zillow shuts down its iBuyer program: Z, ZG
  • Activision-Blizzard delays more games: ATVI

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Meet The Hosts:

Dennis Dick

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Spencer Israel

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Joel Elconin

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Unedited Transcript:

Good morning, everybody happy Wednesday. We got a lot going on today. We got some stocks that are up. A lot of stocks that are down. I have a fancy new camera. We're on so many new things happening. I'll tell you all about it

Good morning. We're going to be talking, uh, Avis obviously, right? That was insane. Yesterday. We're going to talk about bed bath. We're going to talk about Zillow out Activision. Ouch. Um, we will take questions from our chat, uh, later on, on the show, but we got it. We got a lot of Tiggers to discuss. Let's get right to it.

Also, we have a fed meeting don't forget today. 2:00 PM Eastern time, FMC announcement, 2:30 PM, uh, FMC or a fed press conference with drone Powell. Uh, so that is of course on our radar here today, but, uh, let's get to that. What else? Oh, wait, you have an announcement. Yeah. But go ahead and go through your stuff.

Am I missing something? I feel like, yeah. I thought it was going to be up on the screen to special announcements on today's show. Yeah, I'm putting it up right now to special announcements. We have special announcements. What are the announcements? Well, no, let's let's well, let's first go. The S and P 500 futures.

They're traded down three points at 46, 20 and a half. Uh, all-time closing high that was made yesterday at 2350. So that's our bogey on the upside, uh, crudes in the red by two box, holy macro at an 81 90, which is inside day. We've found out which way he wanted to go from the inside day. A gold down 360 at 17 85, 80 silver up 11 cents.

Let's call it 12 cents at 2363 Bitcoin hanging out near the high, but down $525. It's 63,409. Boom. And Ethereum making a new, all time high. That's the future's about 59 and a quarter at 46, 10. Uh, do we have triple D I triple D in house? Cause he knows about, okay. Shirt on. I'm ready for the and 17 season.

I went to the pisses game last night and they could, they could use me out there. Okay. First special announcement. All right. The moment you've all been waiting for. I'm waiting the third and final event from pre-market prep. Won't be final. Finally, the year end of the year, order execution, December 11th.

That's a Saturday order execution, maximizing your profits and reducing slippage. We're going to go into detail on order flow, how to read and interpret the consolidated tape. Dennis is going to explain how the off exchange market makers make money off your order and how they use limit orders for protection and then necessary trading adjustments.

So you'd need to help level the playing field. Understanding interpreting the order book would help identify key levels and turning points and price actions. We're going to go over all kinds of order types. And then we are going to talk about profiting from any efficiencies off the open and the closed December 11th.

That's the first announcement. Big, big agenda there. Second announcement is I am starting a new segment on pre-market prep plus. Starting today. Well, actually it started last week, but this is the second week of it. I'm going to advertise it yet. It's called Wednesdays with Wedbush. I'm going to have a different Wedbush analyst on every Wednesday from 9 0 5 to nine 15, and today it will be SOC Manuelian.

He has had an equity trading at Wedbush securities. He sent me a note what he's going to talk about, and it's amazing information. So what you need to do is you need to go to pre-market prep.com. You need to subscribe to the channel and you need to see this interview along with getting my levels and stocks in the final thing.

The final thing is that if you go to the pre-market pratt.com channel and you subscribe, you are going to be eligible to attend the event on December 11th for free. And not only that, you're going to get a vet number one and event number two. Oh for free, if you subscribers. Yeah, but not everybody's getting the event for free all one person, the YouTube subscribe to win the event for free.

Yup. Yup. I'll get a windy lots going on. Yeah. Lots going on December 11th in websites with what Bush. I want to see everybody there at 9:00 AM. All right. Triple D quiet pre-market session. Let's go. Let's go. Let's just start with the. Let's go to the agenda. Let's recall the agenda item down. You knew we had to leave the show with this.

You, you knew that, right? Avis, obviously every single week we're saying to ourselves, this is the craziest thing we've ever seen or received in the last couple of years. This was insanity. Uh, how high do we end up getting? We got a $545 and 11 cents. And Ava's yesterday, Dennis. I know you're watching this, Joe.

I know you're watching this. What were you thinking when this was going on yesterday morning? In real time, take us inside. Wow. Well, I will, I actually was tweeting in real time as it was going on. So if you follow my Twitter verse, you can actually know what I was thinking the whole time. And when it was trading up there, I was like, sell your peanuts while the circus is in town.

I tweeted that around three 80, came back down to three 15 and then went to five, whatever, 5 45. But what do you do when you're along a stock? And it explodes by 200% intraday. Yeah, ring the register and you sell it. And I think the car party is over. Um, this is unbelievable move. It was somewhat justified that we had to not move.

We talked about it on the pre-market prep show. I cannot believe it only opened up three points. That's what I can't believe, because that was a really good report. We talked about the report being just how amazing it was. I did not for the life of me think that the stock could take off and go up 200% after we talked about it.

Um, but it was a great report. It was a great report. Um, but it just got silly. The algos are incredible in this market. They grab a hold of that momentum and they just run and they run and they run and there was, was algorithmic driven, a lot of it, but it was also driven by retail frenzy. But again, the one thing you can never call the top on these things, but when your stock starts exploding and just goes into lunatic mode, which is exactly what it is.

Um, I think you got to ring the register. So whether you got three 50 or four 50 or five 40, somebody got five 40. Congratulations. It's a great trade. I think you move on. I do believe, you know, in the two hundreds, there was some value for car because they're firing on all cylinders right now, but this is just craziness.

That move was insane. Some of the options, I don't know if you saw this, but some whoever owned, like the two 60 options, uh, what were they going for? Uh, well, you could have sold them for like, I think if I saw, what did you buy them for? We know we could have sold them for like hundreds of dollars. Cause it's talking about the 5 45, but what was it going?

Oh gosh, I probably next to nothing. I think it was like, yeah, I, it was, it was, they were cheap there. They were, I would imagine they were significantly like, just looking at where the stock was. Like, if you're buying even the 200 calls or 2 25, I would imagine they're going significantly under it. Yeah, you're talking about a hundred bagger, a hundred, not a 10 by a hundred bagger.

So yeah. Incredible move 40 cents. We're actually getting 40 cents. Yeah. Yeah. Just, just incredible here, the move and car, obviously it was an awesome report. This market is just prone to this. We see this and we saw it with bed bath and beyond last night. We'll talk about that. We're going to bring that up sooner than the agenda because it's tied in.

Uh, but what are your thoughts here on Kargil I've given my thoughts. I think the high is in, I think the all-time high for a long, long time. We'll stand at 5 45. Well, you never know. I mean, it could go into lunatic mode again. Joel, wait, before you start, I want you to, can you just like take, I'm going to take your shards down.

Can you just put them back up for me? Cause for it, because we're on this new platform, we're working through things and I want to, I want you to reshare it. Cause the charts were a little bit blurry and I, I don't know why. So I want to get the blurry. I see, I see the blue blurriness, two guys. We're we're going to get, uh, let's find out

the HD. It's the HD button you got. Oh, we're better now. We're better. Yes. I don't know what just happened, but now we're better. So. Yeah, look at you. Uh, well, first things, you know, you talk about this things and how much money you can make. Right? A tiny pie media says, did you see anyone on wall street bad's posts where a guy lost his entire life savings and then some will try and to short car lost 169 K.

So, yeah. And what you can believe on wall street. That's what we don't know. People could post anything on there. And I think a lot of people do post anything, but I will tell you right now that some shorts that lost 169 K for sure. This is a concern like overall. Um, there there's some market structure issues here, obviously to, you know, that we've got halts, you know, we've talked about, you know, the halts coming in and then everybody knows it's halted and then everybody's flocking to it.

And where are they supposed to calm the market down? I think it actually does the opposite effect. Sometimes I think the algos get in there and start driving it. Um, once these things hit the limit up limit down, down halts, and obviously this was limit up, limit up, limit up. Then it was limit down. Then it was limit up.

It's very disruptive to the natural trading of it. It's also, I think there's algorithm mountain Memorial momentum, algos that use those for indicators when the thing halts the first time. And then they jump in and like really run it. So, I mean, there's a number of market structure issues here. The lack of liquidity, probably the number one.

When these search things they're going parabolic. Obviously we had a short squeeze. Anybody who was short, this thing was just basically SAS donated. Um, you, you see, you can see accounts blow out with this. It's scary when stocks do this, not everybody thinks so why? I wish I was in there, but I mean, this stuff can happen on the downside too.

I mean, we can go to Zillow in a minute too. It's not like too extreme. They're growing it down to zero, but there are so many market structure issues in here that I don't know if we want to jump into right now, but you know, the lack of liquidity is probably the number. Um, okay. Um, I have levels on this. I am still working on them and I will reveal my levels on car ad dot nine 20 on pre-market prep.

Plus, I'm not going to have any one of those right now, Dennis. I was telling Joel, if you, you know, you have some resistance up here, if you go back twenty-five years. Yeah. I don't my chart. Doesn't go back that far

in 1998, we got to four 16 and 19. Now I'm not digging through that. I would not have known that. Yeah. Yay. Congrats to that, to that person, because it's going to be based on yesterday's price. All right. Fair enough thing. When these things start to happen like this, it's the lack of people shorting the stock that really allows these things to go parabolic.

And what does that mean? It means there's no professional. There's very few professional traders that are going to be willing to short that stock to keep the prices. For the simple reason is that they don't want to lose 169,000 or way more millions of dollars in some cases. So the shorts that were in there getting squeezed and the new shorts are like, I'm not sure in that thing, cause I don't want to get murdered.

So, you know, contrary to popular opinion where everybody thinks, you know, um, you know, stocks going straight up, let's short. It that's the way you really blow out your account. Don't show it stocks breaking out to new 52 week highs. Don't short stocks making new all-time highs. Don't short stocks that are chipped up in limit up circuit breaker.

It's hard to control the risk and people learn that the hard way thinking, wow, I went to 200. How far can it go? You lost 150 or 200% in a matter of 10 minutes, 15 minutes. So it can get really ugly and the things going parabolic mode, I definitely. I don't want to be short those stocks and I'm not looking to initiate new shorts because like I was even saying to my wife, I showed her the charges.

Oh, short that thing. That's the natural human tents trader. That's a natural human tendency saying, well, that isn't going to last, I'm going to short it. Okay. Well, you did that. It was stupid at two 50, then it got to 303 50 and 400 and 500. And that is, you know, how you really get hurt. So when you can't control the risk, you can't be just jumping in there and even buying and chasing up at 3 5400.

You can't control the risks there either, because the thing turns around in 10 seconds goes limit down. Now you're down and it went, had one move. We went from 3 85 down to three 15 in less than 20 seconds. It's very hard to control the risk and stuff like that. You know, if you were in it ahead of time, I would say, you know, obviously good job.

And if you're still holding through all that, what do you want? You've got to ask yourself, what were you like? What were you going. Because when a stock goes from 180 to $500 in one day on an awesome report, is it going to a thousand is going to 2000. These things rarely last these moves we've seen again and again, Kodak, you know, we've seen, you know, the game stopped Nancy.

They rarely last and AMC J GME have held up. But those highs that those stocks made when they were going parabolic, it was a day, a day or two. That's really the move. And then they never usually revisit those highs, or it's rare that they revisit those highs. AMC's the same story you had a two day move.

Three-day move from $12 to $70 a share. And here we are, you know, six, eight months later, and we've still never revisited those highs. When the stocks go parabolic like GameStop two and two, three days, they make these ridiculous moves. I think you got to ring the register real quick. This, these are my levels in AMC that I will give at a nine.

Fair enough. Fair enough. All right. Let's let's, let's go to, uh, uh, Zillow here. Um, I mean, this is just, this is just brutal stuff. Um, and, and, and it's sort of mind-boggling to think about, but, uh, you know, we talked about this yesterday on the antique clothes show. Cause it was, it was, it was pretty weak Intuit's report, which you don't see too often.

Uh, and, uh, then they came out and said, yeah, remember the, the eye buyer program that we, that we suspended. Well now we're just gonna stop it altogether. And actually, while we're at it, we're going to take a 300, $4 million write down and we're going to lay off 25% of our staff because we're going to just shut down the entire I buyer or innocent buyer program.

It's not working for us. We have about 7,000 homes. We've got to sell, we're going to sell them at a loss and, um, kind of amazing stuff into to, to when you, when you put it in the context of the environment we've been in kind of.

No. Um, I mean, I, I I'll just get my upgraded at days. Doggy. I don't know what somebody upgraded this, go to the pro pro either upgraded or gave it a price target race, like two days ago. Let me check, go to the calendar. Maybe three days ago, last week it was EEG go to all time. Um, on how many people did they fire 25% of their workforce.

That's uh, uh, uh, uh, how many people it is, but, but I mean, significant, um, I think it was just a possum positive commentary, I don't think. Okay. Anyway, there was an analyst even on CNBC and it was given the price target. This could eventually be the next Tesla is what he said on CNBC three days ago when it was a hundred dollars a share.

So. I mean maybe bad luck, but you got bold, bold co going into an earnings report, being that bullish. And obviously in this case, it didn't work out. I don't know what to say here. The stock is really wild here now to you breaking down to new lows, just as much as I'd never want to own a stock making a new 52 week, or I never want to be sure to stock making a new 52 week high.

I never want to own a stock making a new 52 week low. And here you are Zillow, and you're learning the hard way if you bought this thing yesterday and I head of the report, holy macro was there selling pressure ahead of the report, Joel, because this thing open 94 and I was like, why they hammering Zillow?

And it hadn't even done anything as in a hammered it all day. So I don't know who got the memo, but holy mackerel, they were hammering that stock all day. It comes out and they hammer it even. So you go from $105 down to $73. Everybody naturally wants to buy the dip as much as they want to sell, you know, the extreme pop.

And we're all about buying dips and sound reps too. But the, the rule for me is I don't buy dips on stock making new 52 week lows. And I don't sell rips on stocks, making new 52 week highs. So sound the rip and buying the dip when stocks are in ranges is awesome. When they're breaking out, selling the rip, not so much when they're breaking down some, buying the dip, not so much.

And we are moving into a little bit of momentum market here, and I can clearly see that. So where we were in a contrarian market for much of 20, 21, the overall market, we're in a little bit Momo here, right? So could it bounce back? Absolutely. Is it oversold? Absolutely. But I don't know where that balance is and I'm not going to take the chances.

Neither am I either. And I, but, uh, uh, you know, yesterday we had a step-down seller and Chegg and they just kept on selling here. You've had some big sellers, but coming in, you know, an hour, a little over an hour for the open, you do see a buyer. There, there is a buyer there that wants to bring some stock in it's 70 bucks.

I mean, I'm not, I don't have that. That's like not a monthly level, but the pre-market lowest 69, 81, your four bucks off that just the way it's a little different situation here. So if I'm not trading it, not doing options, not doing anything in, but I'd be lucky if I was short, this I'd say, man, I want it.

I'm going to put some bids out there in 70, just in case they flush it down the toilet one more time. And then I would stack bids all the way down to 67 and change, uh, because that was a monthly. If I was not initiating no, no, no, no, no. And you know what? 67 to 70, you know, if, uh, if I brought it in there, then I'd be a happy camper because I'd be buying it in a declining market.

The next monthly low was 56 31. I don't think we're going to see that today, but just. That's a little thing if you're trading. And what about all the people sitting on windfalls from the last two days? What are you going to wait for you to wait for it to go to 50? You know, this thing is wild too. This kid, this could see 80 today.

You don't know where this thing's going to go. Uh, I think if you're short, I think when your stock falls just as much as you sell your peanuts, when then when the circus is in town, the upside, I think it's the same thing on the short side as well. If you're short the stock, I think you're ringing the register.

When the stock falls this bar to, could it continue to go down? It could, but it is oversold, but I'm not gonna try to call a bottom initiate a long at this point in time. I mean, just curiously. I don't think the short interest is super high on Zillow. You're talking three and a half percent, so there's not a lot of people making money on the short side.

Um, you know, and obviously that has something to do. And you know, when you're looking at initiating shorts and looking at different things, the higher short interest is sometimes like we know a catalyst for the stock to go up because it's already too many people betting that way. So it's crowded trade.

This was not a crowded short. It was probably a crowded long, which is clearly coming off here. This. So I think you've got some bounce levels. I think he got some that was bringing in, but I don't want to initiate along here. You're right. It could bounce to 80, but it could also continue to pull a check and continue to leak all that shake, you know, opened.

And we talked about it on the show, why I didn't want to buy it. And that's the danger of buying stocks making new 52 week lows. You bought it at 40 or 39. It was pre-market 42 41 40 opens 39 and they puke it down all the way to 32. You just lost a quick 20% trying to call a bottom hard to control the risk when stocks and making new lows and how this is going to be for the other ones.

Open door got hit off this news actually, Joel open door went higher yesterday after hours. It's spike.

You think it's good for these other, the other ones? Are you just thinking, I mean, Opendoor got hammered ahead of it and now what are they thinking? That is less competition. Is that what you're thinking here? That's exactly. It is. There's no open door is the only game in town now for if you're Intel buying, if you believe that, I don't think they do that.

I don't think Redfin does. That's getting hit in sympathy just overall, just because this is real, there's a loser somewhere. There might be a winner somewhere. I mean, that's, I don't know what it is, but I'm just thinking about that. It's an ugly candle yesterday. Open could bounce back. It's flat here this morning on it.

I don't know. This is above my pay grade. Trying to call we're open. It's going to go off of this. Uh, I, I think there is a relationship. Like I agree with you and I get the, the competition thing, but as ugly can like Cod a lot along that space, not clear sailing for open to catch score. Yeah. Yep. Uh, not your other disaster of the day is, is activation.

Absolutely brutal report. They're delaying more games, job Diablo delayed, uh, sorry. Do you have a four, uh, Overwatch to, uh, delayed probably till next year? Their, their, their head of blizzard is, is stay stepping away. Um, I, I mean, th this is not the, not the first delays we've seen from, uh, regarding these two franchises and it's just, it, it, there, there are two of their key franchises.

And so the numbers are, the numbers are, are what they are, frankly. I, I think they may have come in higher on beyond the EPS, uh, and on the sales, but it's not really relevant when you're, when you're doubling. That's what, that's the last thing that the market likes to see right now. So Zillow, Activision, and these are not the stocks you're looking for.

Yes. I just made a star wars reference, but I mean, it's down 13%. Again, if you're buying it here, you're buying a stock, making a new, isn't a new 52 week low. It's very close. If it's. Um, actually I believe it is. Yes, it is. It's a new 52 week low. We know we've talked about the stay at home trade coming off.

That's something to do with it, but not everything to do with it. Delayed gains a lot of problems here. Do I still like the company? Long-term I think so. I think if you're buying Activision at 67 and putting it in your long-term portfolio, you'll probably be happy two or three years from now. But I don't know if you're going to be happy two or three weeks from now because stocks making new 52 week lows often don't just bounce right back.

So I'm going to wait until the dust settles here. I would be interested in reacting activist. I sold my stock at 82, my long-term stock. So I'd be scalping myself, 15 points right now. If I bought it at 67 this morning, um, we'll see, I'm not buying it this morning though. I'm going to wait until the dust settles a few days.

Maybe eventually get down and dirty, but I have some Zynga which isn't going to do well after this either. Obviously I have some take two, which isn't going to do well off of this either take two is going to report tonight. What I will say is we just set the bar even. Or take too. So we always say you want to be the second company to report when the first company disappoints.

So take two is set up actually, well, if they get hammered today, which they're going to get hit, it's down $2 and 50 cents already, but if they really take to the witch, don't be surprised if take two says anything. Okay. If it was actually the rally off the report, we don't know what it's going to do today.

Two 50 is not down much, but if it was to get hit hard, Um, it'd be an interesting setup into the report tonight. If you've been waiting to buy this stock at the June, 2020 lower 67 40, that's what you have on the screen right now, 67 40 a step-down seller. Since the number came out, I mean, someone's, there is a bid out there, 67 40.

So I keep an eye that on your pre-market love. And if you, if you don't want it at 67 40 and you think it's going lower, the next monthly low comes in at 60 to 85. Now that's, you could probably drill down on your dailies or your weeklies, your monthly's, but when you get these kind of a historical moves like this, you know, looking at a one minute.

In a, is not going to do anything. So keep an eye to monthly lows, June of last, uh, last year, 67, 40 may 60 to 85. But just a, how about the stay at home stocks? Just add a whole, you know, I mean, they are charged what was a Tupperware P T oh, let's go test the one. That's the one you're thinking of because that's what you store your food in when you're cooking at home all the time.

Yeah. You got all your food stored up for the pandemic, which is no longer here. I mean, we're, we're, let's, let's, you know, just, you know, call it out here. We, we, we appear to be going back to somewhat normalcy, which is awesome. You went to the piston game last night. I went to a couple of restaurants.

Recently. We got vaccines coming for five to 12 year olds where they want to give it to or not. It's an option. It start to get us all back to normal. The back to normal trade is kind of on, and the stay at home trade is completely off and disastrous at this point in time. Um, I don't know what that means for your Peloton, but that doesn't look healthy on the church.

Either. Zoom has had a nice rally off the lows. If I was long zoom, I would sell it as well, because there was so much competition there. I don't like that stock either. Um, so you're, you're back to looking at these stocks and saying, well, what stay at home games gaming is stay at home. There's there's already an inclination for people to be selling those stocks.

So that's what makes it difficult. And CRS are great question from the chat as well. It is a gaming stock. Um, obviously a lot of headsets, other things too PC, but there's a lot of gaming in there as well. And somebody saying I had nice pop pop-up earnings. Why did it give it back? Fantastic. The reason it gives it back is because there's so much overhead supply.

Everybody has just been crushed in that thing. You know, everybody who bought it on Reddit at $40, you know, is now looking at a 25 because people don't like selling it losses. And you know, every time it rallies a little bit, you've got more bag holders trying to get the hell out. This is why it's so difficult for stocks that are in down trends to have significant rallies, at least until they break trend CRSR has not broken trend.

You know, what I'm talking about is this downtrend clearly from the beginning of 2021 was $50. It's been cut in half over the course of this year. That is a clear, downtrend is very difficult for those stocks to break that trend is the company getting to a cheaper point. Yeah. But you know, is there a lot of cheap gaming stocks out there?

Yes. Logic tech goes down every single day. I bought some logic tech. I couldn't take it anymore. I've wanted to stock my portfolio for a long time. I stuck it in the long-term portfolio and I'm already down at like three. So it was a mistake and here I am, you know, doing exactly what I'm telling you not to do is trying to catch the falling knife.

Yes, it is in the retirement account. It's a stocker one in there a long time. It's fairly cheap. I think it trades 11 or 12 times earnings. Um, so I wanted some more exposure, but I shouldn't be trying to catch the following night. I should at least wait until it starts to break trend. So I'm going to probably take some heat on that one, obviously, uh, head and shoulders, a little toppy on the, uh, on the monthly then at the bottom right there.

I just, yeah, you see the left shoulder, uh, at a certain point in time. It's cheap and you know, this is just stupidity on my part. It was dumb. It was dumb. It was something I wanted a long time and I'm like, wow, lodge texts, 130 down to like 82 Kramer. Talk to me and do it too, which maybe shouldn't let us all the time.

But he's like, this doc is just. Um, it is cheap stocks get cheaper. So learning the hard way to a certain extent. I'm always learning. We're always learning as traders. I would never have it on for a trade, even as an investment, you can time it better, you know, like, so I probably should not have put a couple of lotion.

Why catch? Yeah, exactly. At least I'd put a couple of lows and, or at least, you know, start to break trends, start to show some life before. And I do this wrong in my long-term portfolio all the time. Like I've said before, I feel like I'm a great trader. I mean, I've made all my money for my entire life from trading.

So I'm, I think, you know, the results speak for themselves. The jury is still out on whether I'm a good investor or not, because, you know, I've done some good investments in my life, but I've done a lot of bad ones too. And you know, it's like, I go half size, you know? So I think I'm an excellent day trader.

I think I'm a good swing trader. I think I'm.

That I did go on the Peloton yesterday for the first time since March or April, April, and I had the text Lisa and get the password for, yeah. So we apologize for that. We had to connect to the issue. Was that, was that the new restream or was that on you guys? Um, TB did a, it could be a couple of reasons.

What we'll show you after the show. That's one strike against restrain three strikes and you're out positive for it. It's a super Mario background. I love the super Mario. That is one that is probably the best game ever made. I'm going to say it right now. I know there's a lot of other people who like all these new games, they don't make them like they used to that super Mario brothers game.

Absolutely. Fantastic. I love the backup. Um, that's fun. So we'll give restream, uh, some problems we're having, uh, as we apologize for going out for a second there and also tell audio, did we got audio? We're audio is back. I'll put it in the chat chatter, brief refresh. Uh, page to get audio, um, audio. I didn't have to refresh.

Okay. Yeah. Uh, and my camera's back now. We're all back now. I was telling the guys earlier, before we, uh, we, we, we caught up, uh, Joel, Dennis was telling me, uh, mentioned the river. It's bringing me back to the days where we used to have Gremlin's every single day I used to have to call a bird at like, oh yeah, help me.

No, we never have very many gremlins anymore. So hopefully we don't have any more gremlins with this new, we're trying a new software here today. It's can do it's a lots of bells and whistles. Hopefully it is reliable though. All right. Let's give them the ability is the number one concern, so, okay. So, uh, Joel, he's falling.

Yeah. Yeah. My laptop, my laptop needs to get plugged in. I'm sorry. Should I go off camera when I do that? It's fine. Okay. So we're talking to gaming stocks. The gaming stocks are having a bad day. What is not having a bed bad day is bed, bath. And beyond

whose guest we don't have a guest or we don't have a guest. Okay. Well, let's go into bed, bath and beyond right now because I can talk 20 minutes on this. This is part two. And what do you do in car part two last night? What do you do? You don't chase it? Yes. Sell your peanuts while the circus is in town.

And you know what the circus was definitely in town. When the stock goes up a hundred percent on its earnings report. Yes. It was a great earnings report. Yes, they did a buyback. Yes, they did a deal with Kroger. That is all awesome. Let's go. Krogering everyone, but let's this is an Amazon it's Kroger. The deal was Kroger Kroger.

I just want to say they didn't just do the buyback. They finished their Bible. Th there or there, or they're going to finish their Bobbeck two years ahead of schedule, uh, by stuck with so cheap. They're like buy more. It's too cheap a couple of days ago. So they're set up well, they're on pace to have bought back a billion dollars worth of stock by the end of this year.

So the thing, oh, we might as well just buy more while we're at it. So they're adding $300 million to that buyback plan and they're doing it. They're accelerating their buyback plans for next year and the year after. So they're just like, they're just buying back hand over fist. They can't help themselves.

And yes, the Kroger deal is also a thing. Your stupidity $30 a share. That's my opinion. Sorry if you bought it up there, but that was just not a good move. I do a lot of stupid things too. I do stupid trades all the time. Biologic tech three days ago. Very stupid. Um, wow. I cannot believe how high did we get Joe's over 30.

We got to 32, the stock doubled last night, Sally European. That's why the circus in town. These are gifts from the trading God's gifts from the trading gods. Do I think, you know, we should be buying a 24 75 this morning. No, I do not. In my opinion, I believe the stock is actually path of least resistance is still lower from here.

It is still up 48%. This is bed bath and beyond folks. Well, I know we're talking squeeze, I'm going to squeeze other shorts and we're going to go to up a zillion dollars and to the moon with bed bath and beyond. But we've been down this road before people. How many times have we had these huge moves and bed bath and beyond.

And they are very short lived. So we always say, you know, we can go back to the Ryan Dietrich quote that, you know, and obviously it didn't come from ride, but he says it all the time that his. Isn't necessarily history doesn't repeat itself, but it sometimes rhymes in the case of bed, bath and beyond it absolutely rhymes.

I'm going to argue that it does repeat itself because you had bed bath and beyond back in January, when it became a meme stock, and we were going to squeeze the living lights out of every short go from 34 to 53, and then it continued to leak and give it all back. Two days later, you had another one back when we decided yes, again, we're going to squeeze the living daylights out of the shorts and bed bath and the one from 27 to 44.

It was another excellent selling opportunity. And those who didn't sell regretted it a couple of days later last night, again, we're going to squeeze the living daylights out of the shorts. You did a good job you guys did, but these sorts squeezes usually are short lived. Why? Because they're usually done on stock.

Sometimes, you know, aren't that great car, a little different story. It was like black car firing on all cylinders. But in this case here last night, bed, bath, and beyond go up a hundred percent on the report, uh, is isn't justified in my opinion. And I don't want to stop. How do I follow this? How do I follow this?

How do I follow up on that? I mean, triple D uh, Spencer and my charts gone now. We're here. We're here. Okay. All right. Uh, man, people becoming in take your Dennis's advice here. Since it hit $32, we did a 20 I 27 before the show started. I said I was at $27 and I was like, well, the circus is in town at $30 last night.

Believe I tweeted it out. I've been tweeting that out. So your peanuts while the circus is in town, technical support is at the top, but yesterday's range yet 1681. I don't think it's going to get down. Uh, how about, how is this doing Danny? Get Kroger off the mat. Oh, not bad. It's not that. This thing, got every meme stock off the mat last night.

And you saw every stock that was a Reddit stock back in January, getting bought hand over fist last night, including a AAMC and GME GME hit like over two 20 last night, it's still up eight box AMC ripped up like 42 or $43. And then you had all the other Reddit stocks, just rip roar and rally, and them work horse was way up.

And I actually traded a bunch of these because when bed bath and beyond started ripping like that, I thought to myself, well, we just did this exercise in our educational event a week and a half ago. And I actually gave a slide of bed bath and beyond I just went bed bath and beyond as these huge squeezes, what we saw was all these other high, short interest docs there to get life.

And they absolutely did. I bought workhorse last night on the bed bath and beyond at 7 75, I sold it about 10 minutes later at 800. So, and there was a bunch of other ones too. SDC was another one I didn't get out of all of it, but I got out of most of it, but there was, you know, there was, uh, um, w which are the other ones I wrote cost was way up.

It's given it back now. E X, P R was way up, it's given it back now. There was huge, huge moves and these things last night, all a gift once again. So if you were quick and I was quick on a few of them, you're able to buy them flat. They got the bed bath and beyond pop that's already all happened. Could it happen again today?

It could, but it's already happened last night after hours. I think the bed bath and beyond 32 highs. And could it go up to 27, 28 again? I don't think it's rip-roaring to 40 though. So, uh, and, and yes, we're course I it's, it's not necessarily a meme stock, but it's tied in. Thanks for the question, Christie.

It's tied into this whole group. So we've given this list out before we gave it out on, you know, the high, short interest stocks and bed bath, and beyond start a little bit of squeeze and all the high short interest stocks last. That's already happened. It was an after hours trade. A lot of the stocks were already come on, move on.

Right course lifted eight, 9% last night. Good trade. Uh, I noticed when I went in there, Beth, and a couple of couple of weeks ago, uh, like a while ago they started to go into groceries. I'm like, you know, they had like all these fans and I'm like, what are they doing? And then I went into the wine, which I think is closing at 14 and orchard lake and all those shelves were empty and they got rid of the old, the food stops.

So maybe they were, are they, what are they going to do with Kroger? I mean, I know that it's not really that important, but what are they going to actually going to do first? There actually is another headline that we miss a shot to end on the chat for alerting us to this bed bath beyond also now last night that they're buying a hundred thousand Teslas.

Ah, Nope. People believe that, so, okay, fine. Fine. That, that one did not land. I thought it was funny ed, uh, uh, Joe, to answer those questions for you, what actually is maybe has to be on doing with Kroger. Uh, I liked the zippity dude. I'll before I go on just for doing jokes right now, it says ride needs to buy a hundred thousand.

That may be true. I was laughing though. It's going to be an e-commerce, um, uh, collaboration, right? So, uh, yeah, uh, they're they're going to have like bed bath and beyond, as I understand it, bed bath and beyond, uh, products, uh, available on kroger.com and that's essentially the. So, so, um, yeah, yeah, yeah. It's a weird one.

Um, anyway, let, let's go to, there's a few things we want to get to before we go to tinker time. Well, these are also tickers from the chat as well, but I'll lift, for example, we should probably go to Lyft here had earnings also last night. Um, and I'll give you those numbers now, their earnings per share, they lost 21 cents per share.

I don't think that's comparable to the asked me, asked me what was hot. Was that a 3 cent per share loss adjustment? There sales is more comparable. Sales was a beat 8 64 versus eight $62 million. Um, yeah, they gave some guidance or there, yeah, th EPS is not comparable. Th th they were profitable for the second straight quarter on a basis, but, uh, yeah, EPS not, not real comparable.

Their sales were okay. Uh, someone was doing their technical analysis last night. Well, first of all, to say, got absolutely hammered. Look at this, going into the report. So bail in a lot of people out, um, traded up six to 18, but someone was identifying the series of four highs back in mid-October between 50 to 75 and 53 45.

Your pre-market high that comes in right at 53, right on the kisser. So if he get back up to that area, that would be resistance to me. Uh, if not, but I am the open, you know, if, if, if you, like, let's say we open up 51 and a quarter, we go to 52, boom. And then come back down to the open. I don't know if I'd want to be long.

It there's, uh, an for Dennis gives his comments. I will just say, uh, Uber, uh, Uber is getting the lift off this to hold it up a little bit now. Yeah, pre-market high. I'll just give you that at 4,600. Um, this stocks and a clear down trend, we're going to CRS our list, left trade, and it's a little more extreme version, but I may want to clear it down trend 2021.

You've got bag holders all over the place. A lot of people don't trade pre-market. So what you often see is these stocks open up and then start to give it back right away as everybody's like, oh, I can get out. I can't got to get that nine 30 open and give you all to get my money back and to be able to get my money back.

It's a lot of people sitting here that actually don't have pre-market access. I know a lot of retail does now, but a lot of traders don't a lot of traders. Don't trade pre-market and they're waiting for the open. So some do, but I think you're at a point where that's where volume really spikes after the open.

Cause he would release the hounds on it. And everybody who's caught in this thing over the course of the last, you know, few weeks for sure. Cause it's been trending straight down, but even the course of the last few months is looking like, oh, you know, you bought a 50 and then it went down to 45, then 155 out of 50.

I was like, oh, I get my money back. I'll move on. There's a lot of people who want to get their money back and left. That's why I'm not chasing this up $6. I'd actually. Be more inclined to short left here. Um, I don't have a position on it so I can freely talk about it. Um, I would sell this rally if I owned it, just my opinion.

We also, I don't quite know if this is a stay at home play or not, but a Wingstop earnings around with this morning and they were not good. Their EPS missed 29 cents versus a 35 cent estimate. Their sales missed 65.7 versus $74.5 million. They did, uh, you know, they're still doing the dividend, but they guided that their, uh, their domestic sales growth guidance, uh, or that is for the year, it was going to be between seven to 8%, um, which, uh, which is actually up and down, uh, from, from their prior growth rate.

And. Yeah, I don't, I guess I think so. I was going to say it too. I think Wingstop is a stay at home play. I also, this trade up for 1 77 ahead of the report last night. And I was like, oh, I want to short this. And I was trying actually, but it never went back up there and went quickly. You could've got 1 71 72 last night.

It was really thin. And I was like, I kind of wanted to short it into the report for the simple reason is that one, it's a restaurant and we know restaurants, obviously aren't doing as well on two for the exact same reason. I had it in my head that it was the stay at home. And I'm like, I don't, I kind of want to be shortened to this report.

I did not. I'm kicking myself here today. I should have hit the stock short at 1 72 and been collecting 20 points here this morning. Uh, you know, being down 20. So I'm mad at myself for that. It takes guts to go short into a report. A lot of guts I saw and I never do it on serious size, but I did well, I would take a normal size position now.

I wouldn't like load up because I wouldn't go on and get card or something if I was wrong. But you know, it's always scary shorting stocks and reports, but it's set up well. Okay. And you've been talking about your buddy and, uh, uh, the, just the exponential price growth and, uh, and chicken wings too. You were, yeah, I would tell that story multiple times the way I hear it shows up.

I mean, that's a lot of money to just be made, just talking about. You know, like talking to restaurant owners, how's it going? You know, if you've got a buddy that owns the restaurant, how's it going? You know, like, and that was a friend of a friend and said, you know, and he owns a bar. He's not a Wingstop. He just owns a bar, but he's like the chicken link cost is just killing me.

So I don't know if the chicken wing cost is killing. The guy in Indiana with the bar is probably not helping Wingstop either. So, I mean, I told that story twice in the show and probably should have been shortening this report just because, you know, Hey, just talking to people, chicken wing costs are going up.

I think it shows up in that report, which is, I didn't read the Wingstop report, but I'm sure they're talking about food costs in there. Involved in inflation. Restaurants are getting squeezed on both sides. They're getting squeezed with higher food costs and higher labor costs. Restaurants are just not the place to be right now.

One the oh three, that was your July low that's where you're traded down. But it just doesn't, it looks like there's seals someone out there that wants to sell a little bit, uh, next monthly, low look out below 1 36 60. That shit. If they, if it gets 1 36 off, man, one big 50 is big. There's an iceberg sitting there right now.

So we talk about order flow. We're going to talk that we'll explain it. And obviously we'll do strategies off of it on December the 11th. But an iceberg order is an order that's sitting there with a hundred or 200 shares and it's a lot bigger. So it's only showing the tip of the iceberg. You know, the order might really be like this, but we're just showing 100 shares.

They pack away, pack away, pack away. Cause they don't want to show the big bed there where that's going to spook the market higher. So, you know, when you show big size out there, the algos, oh, I got a big fire out of buy, buy, buy, buy, buy. So that's why institutions high and they use icebergs. I can know it's an iceberg because I've watched this one 50 get hit multiple times here, just even while we were talking on the show about it and it's not going down through it.

So we don't know if that 100 shares is 1000. We don't know if it's 10,000, that's the whole point of the iceberg. We don't know how big it is, but it's bigger than a hundred chairs. So it's been hit a couple of times. It's not moving. So like, okay, we got a bigger fish there than it appears to be. I mean, are you using an iceberg for a hundred shares if you got 200 shares?

Probably not. You're probably just putting the 200 share order, but if you're putting an iceberg 100 shares, you've got 10,000 to buy. There. That's a significant order that could stop the stock from going down. And it's also at a key level of support as well. So as much as I just said, you know, I want to be short in the report.

I don't think I'm shorting it at one 50. I'm down 18 and it looks like we got a buyer there at one 50. So maybe it's a balanced. Um, I'm not trading it off of that, but I'm just saying there's the potential. I was short the soccer. Yeah. I mean, it's significant volume trading here, uh, over the last half hour.

Just let me show you the volume. That's what you're looking at. Uh, It's not a ton of volume, but maybe if they were buying 10,000, they got complete here because in this bracket here, pre-market low is 1 48. They bought about 10,000 1 48. Your pre-market low. And I gave you that next monthly low at 1 36, 13, uh, where to sell this thing on a pop.

I have absolutely no idea. All right. Let's do some ticker time. I know there is a bunch of people drop takers in the chat, if you'd be so kind to do that again, please, because I wasn't able to write all of them down my one idea for the day. And I recognize that I may be a couple of weeks late here, but I'm not a stop you've ever discussed on the show.

B a T R a. This is Liberty media. This is the owner. The owner will be straight on exchange. It's just that they have class, a class B Joel's right owner of the Atlanta Braves world series champions. I, I see we've run up for the past couple of weeks. B a T R a bat, rah bat, Rab, BA TRS Liberty. Have a big state.

Yeah. Okay, go ahead. And it's B a T R a and B a T R B. Cause there's more than one, uh, uh, uh, share class, but BA TRAs is the liquid one and, um, I just wanted to bring it up just, I don't know, in case anyone has thoughts, but it's, you know, it's not a very volatile stock, but the Braves did win the world series last night, so.

Wow. Yeah. Yeah. I can, I can tell you it's been up at 31 54, a hundred shares. We were talking us super in a stock that doesn't trade a lot. Yeah, best offer. There's an odd lot. If you buy the book arc a book, you can see there's an odd lot at 35. It's only eight shares, which is basically nothing. The best offer is way up at $40 21 cents.

So what I can tell you is that this is not figured out where it was 58 K yesterday, one at 22 K uh, on Monday, a simple pattern. I mean, pair highs here, 32 0 1 32 13. You know, take that out. Boltman sit-ins can't get it any easier and technical analysis, then you've seen a potential double top here in the lower 32 handle.

Okay. Uh, here's one let's look at Z. I M a Zulu, indigo. Mary. This is a shipping play, I believe, right? Z I M a it's pretty sure it's it's yeah, I think you're right. This is Mitch. Mitch has given us this one before. Yeah. Yeah. That's why submitted stock share with Mitch Mitch? Um, some news on this wide brain, this, oh, this is from the ticker for the chat from the chat.

Yep. Start to clear up trend. It's moved a little bit too far, too fast. I would say 46 to 55. You're talking about 15% move in four or five days. That's a big move. Um, I'd want to get this back at 50. If I was going along to be honest, I, the 5 77 is my level. That was your high on September 27th opens up, uh, after that, but, uh, right there, another high at 55, 1 at 55 77.

Your pre-market high just under what? Uh, what's the shipping stock? Uh, the national naughty tanker. Is that a and Nat, but a doll. Wow. Yep. $2, Joel. Yeah. Just curious when you thought yeah, it's an oil tanker too, right? Yeah. So. I think so too slow. They want perfect double top yesterday. Joel, like at this levels, Joel al-khan and loved from his textbook levels.

1 0 1 12 0 9 75 on $1,200 stock. I'm going to call 12 0 8 59. A perfect double top. Yes. It's a dollar way, but it's a $1,200 stock. It's got 50 point range every day. I'm going to call that a double top. So did you see what the height did you see what the clothes was on Thursday and Monday to 12 0 8 59.

The next, wow. That's crazy. In the highway 59. Yeah. For a thousand dollars stock. That's a wild as Tesla. You've got some major resistance up there now folks. So I think even stepping down, I think even, I think you find some and that it did not make the new high. I said, I thought they buy the dip yesterday and Tesla.

They did. Um, it did make a new high though. So. It's got it. It needs to make it today. If it doesn't make it today, then you start worrying. If it loses yesterday's low, I'd be concerned. 1146. Yesterday's low. Obviously it's going to be wild. So you've got clear resistance. Super-duper resistance defined at 1208, then Joel, I'm taking all your lines who has, when I learned from you.

Um, and 1146 is the low. So that's where I think people would get concerned. So we'll see, you know, I don't know if we're going to see an inside day here or not, but it's right in the middle. So that'd be tough. I 1146, Dennis talked about that. His yesterday's low and I just in the pre-market yesterday, and this is just, uh, you know, when, uh, off the tweet and the pre-market yesterday, you got 11 25 31.

And your next daily lows at 1118. So 11, 11. I would, you know, long-term shareholder, you know, it cracks, you know, your, um, I'm not going to worry about this news or I don't want to sell it on strength. See what happens if it loses 11, 20, that's just, you know, not trying to pick a top. Okay, dear. Okay. So dear, what can the matter, dear Joel, to answer your question, we thought that they had to reach an agreement with the striking labor that they, they, they, they came to the game to a deal.

The deal was put to a vote at the union, the union. Thanks. But no, thank you. So we are back now to the drawing board, uh, and we are, we are still, we still have a strike going on that has flipped out in the book. Never buy a stock off a union deal when you're not sure there's a union deal, but what chapter will that be before they vote on for their vote on it?

All right. So pull us back is when he got here, we're both over at three 40. Yeah. Well, that's where I think the balance level is next, max. Okay. A couple of talks from the chat skills they report tonight. I mean, they're going to kick, got a rating skills resumed with a buy. So that's why skills up this. I just want to say this ad the, uh, they hired the Amazon Zack, uh, exactly.

Uh, what day I will predict that was on. Uh, they hired the Amazon exac on October 21st, I believe. And I would say, can you know what, that's a key, this thing needs a catalyst. Um, also Sean likes this one and also, um, don't give him like an NFL deal. Like isn't this a company that has like a real deal with somebody's skills, uh, for NFL, for something.

Am I wrong? Maybe lurking in the background, we can look in the pro right now and I'm like, yes, they, they do have an NFL, some sort of NFL complicated. Yes. And you see that? Go ahead, Mitch.

Yeah. And this was back in. Yeah. This is back in April that they announced this. Get Bert on it, actually February he's back in February. Excuse me. So, wow. We need to get bird. Okay. Um, someone's asking if we can please talk about under Armour. We talked about them yesterday, but yeah, they were poor yesterday and hear a match.

What? They didn't hear Mitch. So when he talked there, oh, that's weird. Yeah, I know we got some issues here with this one. Thumbs up, thumbs down. No, no, no, no, no. It's not just that though. It's also, Mitch has a, Mitch has a broken computer, uh, which is part of it. I'm fighting with it right now. Now you guys.

Um, what I said was pretty much that the game wasn't released, um, that was supposed to be released near September time. Um, this was a competition that was done in summer. It's supposed to be done near the opening of the NFL season, and then they were going to put a game out the game. Still hasn't come out, worries about what kind of game they can actually gain the consumers interest in right now.

I didn't see. Yeah. Uh, okay. Under Armour real fast popped on earnings yesterday. I'm not sure what else there is to say about, we already talked that one. Yes. Yeah. I don't like to just, I don't like the way it backed off. That's what I said. This yesterday hit 2250. I talked about that 21 level, holding that dead.

Hold off the open. Let's see, I made, if I was London, I wouldn't want to see it. Take out that 2156 only getting a few cents and the pre-market long-term buyer maybe come down to 19 29, 19 30. That fills the gaps. That's what I'm looking at. Uh, in, you want to see one more, uh, Ang, this Quebec brought this up.

I feel like we definitely brought this up back in February and I'm amazed. Uh, you hall, have you, have you looked at U hall recently? U H a L. You walked into that chart recently, but it always goes up it's yes. Always goes up, always goes up. This has been going on for a long time. You all, I guess I had the five years of consolidation.

I don't know car rentals. You hall rentals are going up too. But yesterday when I saw the car, not really, uh, okay. Why can't rent from Avis? I'll go run a U haul. IB. I don't know what the 70 traits there or not, but if it didn't make a new high yesterday, I am going to let you guys finish shopping dash Spencer out.

I'll talk to you later on. Oh, wow. That was a pre-market prep. That was a very sudden exit for Joel. Okay. Uh, then, Hey, look, today was I forgot two more. You got two more? Ooh. Okay. Let's go quick. Let's go. Oh man. I'm scrolling through the chat here. Let's look at Papa. Papa. We can go to, someone keeps asking about den Denny's for some reason.

I don't know why I was drawn snow. Thank you. Yeah. Yeah. I don't know why people keep asking about that. You want to look at the visa. No, not really. This was one I don't like either 52 week low. I believe it's making a new 52 week low. I own MasterCard. It's not quite a 52 week low, but as a new six month low and visa, I own MasterCard.

We got crypto coming at them too. Don't kid yourself with this crypto market. Um, I just think people are in looking at transactions and all the new, you know, so fine and everything else you've got going on there. Competition coming from MasterCard visa. I owned my master stale for the simple reason is I don't want to take a 2000% gain.

At least not this year. I'd rather take it next year because I've got a really good trading year. Um, but MasterCard visa, I don't want have them here. Yeah. Okay. I have one more. Fair enough. Blockchain errands. Ask him about hive. I still own high blockchain, mine long. Frank Holmes. Love Frank. And that's why I'm long hive.

One more. Let's look at lemonade because it's popping here. Long-term. Earnings. Well, what's the deal. Oh, I don't actually think so. I think it was just a no, no earnings are next week. Well, that's the deal. It's a four bucks. That's news. That's newsy, newsy, newsy, lemonade, car lunches. What, what does that mean?

Am lemonade car. I'm looking at the pro Irina, right from the pro lemonade insurance company, powered by AI and social good today on build this newest product for the lemonade car designed to bring a fresh tech first approach to the category. Is this for real? It's it says company. Why do they need to do cars?

I'm reading it right from the pro that's in the pro. It says lemonade car launches. Oh boy. Is that right? I don't know. It's up four box. If that's what the press release says, I then that's what the press release that speed BW. That's from you guys. Um, Oh, you should know this has been Zynga, right? I know nothing about lemonade cars.

I'm just reading rights from the pro. So I'm assuming that's the headline here. We're in short supply of cars. So obviously lemonade. I'm not going to fade it if it's a real, if it's, you know, and I don't, I'm just reading it right from the pro, but I'm not fading any car headline here right now after yesterday.

Yeah. Um, yeah, yeah, yeah. I see it too. Right there. It's uh, okay. Let me and has a car. I don't know. I don't know if that's right or not. I'm trying to just verify, but yeah, I think it is lemonade introduces lemonade car insurance. This is okay. So I, I think this is they're calling lemonade car, but I believe is lemonade car insurance.

I don't know how it is business wire. There it is. So business while we're going to actual business. Yeah. When we go there, says lemonade, car launches, lemonades news probably features great prices for safe drivers best in class. Okay. So it's the app. That's called car it's car insurance gave me for a second.

I know I'm looking at it. I mean, that's a very deceiving press release lemonade car launches, but it's the app for the insurance. That's called lemonade cars. So we're going to clarify that now, but when you just read, I don't know, maybe the algorithm just reading. I love it. It's got car buy, buy, buy. So I don't know.

This sound goes, it's all they do. I'm part algo. So I just read the headline too, and that's what I do as well. So lemonade car lifting on that, Dennis is I don't, I don't know. It's breaking out to a certain extent. $70 old support becomes new or old resistance becomes new support. So I think I'd like it at 70, but it's hard on these headlines there.

It's not. All right, Dennis. Uh, we, we, we we'll see you later, uh, or, or tomorrow. Um, uh, and, and we will get you and Joel, and may, if we will get you all, some new equipment here, uh, I have a fancy new camera. We'll get y'all some fancy new equipment here. Uh, I promise, but, uh, Dennis, thank you as always have a good day and a good luck to everyone sell your peanuts while the circus is in town, not investment advice.

Ooh, but is it circus advice as a question maybe? No. In all serious has all the information from our show is meant to be used, uh, for informational purposes only, not for circuits advice or investment advice or, or, you know, it's it's it's it's it's uh, it's it's education it's information. Not investment advice.

Um, and yeah. Hey, thanks everyone. Have the chat today for bear with us. I know we had a couple of glitches in the matrix where we will work through these as we, um, get better at using this new platform, but there are way more features on this that we are loving. Uh, so coming up next is live training with Benzinga Mitch, Ryan, who nade going through the open.

Uh, they'll be joined by a special guest also at around 9 45. I don't want to say who you'll have to tune in to find out. And, uh, that'd be a wrap. Everyone have a good rest of your day. Stay green, stay filled, and we'll see you later.


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