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Unedited Transcript

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Let's give her like a minute or two

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

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

Geez. All right.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Yeah.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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