Wednesday's Live Trades

Episode Summary:

FinTwit ConferenceWednesday Trades

Stocks Talked About In The Show:

CEI, PLTR, GM, VYGVF, PYR, BABA

Guests:

Peter Pascali, CEO of PyroGenesis Canada 13:00

https://www.pyrogenesis.com/

Gareth Soloway - President & CFO, Chief Market Strategist

https://inthemoneystocks.com/

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Hosts:

Spencer Israel

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Mitch Hoch

Twitter: https://twitter.com/STORYInvestors

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Unedited Transcript

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

I love it. I love the trade.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Genesis ticker P Y R

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

shouldn't be coming on here anymore.

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

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

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

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

Let's welcome. Back onto the

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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