About this transcript: This is a full AI-generated transcript of Jobs Crush Expectations — Rate Hikes Back? $NVDA Ai Selloff Extends — Stock Market Live from TraderTV Live, published June 5, 2026. The transcript contains 35,107 words with timestamps and was generated using Whisper AI.
"to 70 to 50 to 70 no break for the last for the last year or so so i don't know for this one it looks like it's technical i didn't see a headline for it and then msos like the wheat stock someone else was asking why the wheat stock's up today i believe it was shoot it was two headlines true live..."
[00:00:00] Speaker 1: to 70 to 50 to 70 no break for the last for the last year or so so i don't know for this one it looks like it's technical i didn't see a headline for it and then msos like the wheat stock someone else was asking why the wheat stock's up today i believe it was shoot it was two headlines
[00:00:16] Speaker 2: true live truly true live getting up listed the other which i'm also seeing circulated here involves the white house apparently pushing it's very complicated but they're trying to push congress to i guess delay action on something that is related to cannabis and that action would actually be not good for cannabis and for the psychedelic space so that's a quick summary
[00:00:35] Speaker 3: okay i um yeah so there you go man and that's one of the ones that i i own that tcnnf or whatever that's true leave it's one of the only weed stocks that i have left but it's still still a dog you know what dog's breakfast over there um but yeah it was msos people talking obviously there in the chat if you wanted to look back and forth at an etf today msos uh breaking a little higher i know i i don't want to speak for sharif but i think mind med was a play of his maybe maybe still holding okay i was going to say a minute ago but he's still in that one so um maybe we can get some analysis on that at some point but that is the uh story they're called my meditating i don't think they're called mine no what's what's the new name so d dftx yeah yeah yeah so dftx um yeah spacex ipo is open at robin hood says sab so uh you guys i don't know exactly you know how you put those orders through i'm not a robin hood client actually you can't be in canada right robin hood is not uh available here in canada
[00:01:32] Speaker 4: yet i don't i don't believe and i know they did okay coins they just closed the wonderfully deal
[00:01:42] Speaker 3: as well okay so yeah so potentially as they will be yeah yeah potentially more competition well simple or some of these canadian names uh as robin hood coming in you know maybe i'll just wait if robin hood's coming here you know because i was thinking about taking my tfsa away from the banks and going into something that's like free to trade i'd wait for like like a well simple but then if all of a sudden robin hood comes with that gold credit card or whatever the sponsorship is because well simple
[00:02:05] Speaker 1: is two percent straight cash it's a matter of time robin hood is making the move into canada it's happening and they're already doing it on a couple of fronts okay it's past 11 o'clock you you complained about how we owed you five minutes well you just got half of that back boy so without further ado we're gonna eat some italian food and we also get in trouble from joe he wants as much possible on air joe does give us a hard time over that for real like he's like he's like come on
[00:02:30] Speaker 3: guys i need to be on camera i'm just saying show off the guns thank god joe saved me from betting on carolina you know thank god uh right there it's one yes i want to do it right now i want to i want to do it right now my boy it's fair okay let's go one one yeah yeah i'm down i was down yesterday i asked you oh okay one one joe and i are on double or nothing i may owe this guy dinner by the time we're all over with this oh i've got carolina i don't think anybody wants any smoke on the um nba i don't know if what you guys are thinking about who's gonna stand in front of the knicks what okay well there
[00:03:03] Speaker 4: you go i mean this guy wants you want the knicks who do you i'm not i'm not thinking because i don't know enough about basketball just full disclosure remember the knicks are up one the knicks that's what i'm saying stole the win yeah that's what i'm saying who's gonna stay in front of the knicks i feel like they have all the momentum right now i don't know how do you guys feel look here i'm i'm personally
[00:03:19] Speaker 1: cheering for the knicks but for the fun of it if you want to do something fun i'll take san antonio just for the fun of it because i still think san antonio is a better team but i am i'm cheering for
[00:03:28] Speaker 3: the knicks i want og to win it oh yeah former raptor right there former raptor yeah um and the raptors i wish we didn't pick andrea barniani or what overall any ob what do you guys say over there or
[00:03:45] Speaker 4: something like that i didn't even know og played for the knicks anymore i just don't follow basketball
[00:03:52] Speaker 3: all right we'll talk to you guys later it's four minutes past joel's getting upset we'll see you at 2pm
[00:03:57] Speaker 4: boom oh yeah and yup oh look behind us oh it looks fantastic brendo boom greetings and salutations beautiful people welcome to the midday show this distracted individual is your boy joey options and i am sharif and what we're looking at there is the brand new layout that is you guys right there that is literally all the messages coming in and we got the super chats we got the subs we got the live poll uh for whatever ticker is mentioned most this is you right there behind us shout out to you guys man we're just i feel like everybody's bringing it yeah exactly hold on hold on who's the creator of this whole thing over here he told you but it made itself right it made itself it made itself there he is there is the guy with the best hair in the studio yeah so you know you know what it is not you know
[00:04:59] Speaker 5: what it is now sharif yeah don't annoy me because now i i'll block you and then the whole the whole everyone's gonna know everyone's gonna know exactly so it's that simple don't annoy the kid he's tired today or you're gonna get blocked and everybody's gonna get straight to jail right
[00:05:15] Speaker 4: let's say hello to everybody say hello because we got to get right down to work because bnai is rip city rip rip city let's say hello to grandmother's garden durant gordon we got cat mandu and bigfoot smur crazy dirt weed and bloody tom love it fluffy we see you girl manny hernandez sharif you need to buy more lulu yoga pants i was like i'm gonna block you bro i love you i'm just joking kanan you win we got sarah mahmoud uh anon purse also uh who who's that red red old papa raheel onwar get it raheel we got oleg coming from ukraine oh there's a canadian flag on you joey uh ryan oday shout out to aroo shout out to mr leahy as well as uh dean the maniac guggen we got guggen joey and we got boosted red spot and danny patel shout out to the og m f freaking dangerous dude how come everyone is in pink on that chat oh i don't know i think that's it's not pink brother it's red um i think it just denotes the uh source of uh where they're coming from so if it's like youtube it's red i think if tiktok might be a bit of different color but this is the consolidated chat and by the way we're booming on tiktok right now a lot of viewers a lot of new viewers and and sorry repeat viewers daily so if you're whatever reason um you know if youtube's not available you should be looking at the top joey there goes bnai it is rip city right now we've got a 30 23 high we're digging we're zigging and zagging right now with that 30 area at around 29 and a half uh it's a rejection of initially a rejection of 30. i want to see if this clears 30 decisively or not because this has been on a rampage joseph uh the breakout came in not long ago you can see the volume only picking up recently we're not even doing that much volume to be quite honest with you bnai only has about 2.8 million shares almost 2.9 million shares traded so far so the volume coming in locally i don't even think it's halted yet but it's rip city it can rip your face off the other way as well so make sure there's a plan that you are following and you're sticking to if you're going to get involved in
[00:07:43] Speaker 5: this one julian but i got all eyes on this all eyes on that man all right we're gonna do our boy bravely a favor as you see we have the chat up there in the back we're going to stay engaged with you guys as we typically do throughout the whole day so bring on that good conversation put those tickers in the chat and put those hot takes in there we love it but bravely majid asuna dolzario laguina armagirio what's up brother i probably butchered that uh to the fullest extent emoji what's up mozawa paul c lexby quokka emperor 2026 lewis not found hopefully we can find you one day rojo ellie what's going on yy oscar dj vinnie we have the lit bar all right we like that one strong mind c cooper lando news brit dab what's up brit t-rock i like you know j-rock handyman shane badlands and jack hey one more there i'm looking for some some regulars farmer c jose garcia and one we'll do one more sam aka bullpick what's going on everybody we're long walmart we're short the nasdaq are we rotating out of tech names i think so and with that being said we're gonna head over to the staples well who are the best in the xlp street the heaviest weighted walmart costco and tarjay we got up there and proctor and gamble actually proctor and gamble's in there how's proctor been performing but ac slater to the tech game right now and hello staples let's get a little defensive guys we've got to find some uh form of a rotation and where the money is actually starting to funnel and i think that's going to be into some of these names here so let's pull them up before we go over and send back to shrieksu we've got on the small cap name we were trading my med bright and early this morning we're going to pull that up but later on we're going to hold it off for quite a little bit and then we'll figure something else but cost costco how are you doing today potential bull flag maybe how's walmart been performing we love a v-wap bounce let's see if we can break through the high of the day i think we'll have the good opportunity to do so proctor and gamble over here my brother hod good look over there and tgt if you're looking for some form of rotation into strength it doesn't look like tarjay is that but walmart costco and proctor and gamble performing relatively well here guys now what a what a sad sad day here in nvda and all the way down to 209 this shelf is absolutely disastrous we're probably going to head back south of 200 in this bad boy this high of 237 roughly man i thought we were going to be able to cook up and head closer to 300 not necessarily the case right now ladies and gentlemen as nvda is not performing how i would like it just keep going
[00:10:20] Speaker 4: for a sec because i gotta apparently we have an ad okay yeah okay i mean get ready for that there um
[00:10:25] Speaker 5: and then we'll continue to ramble on because that's what we do shout out to whatever i forget the band that actually sings it but hey oracle starting to rock and roll meta 614 we want this 600 level to hold okay if it doesn't uh oh watch out need i go over to what before we go back before i go over bitcoin man good thing we were dumping this thing in the 40s as soon as as soon as that trend line broke it's absolutely disastrous for michael sailor and company full disclosure more context i once had 400 shares of this thing at the ipo now i'm down to 100 shares in the long term okay everyone so we offloaded that heavy on the way down and i happier i could not be all right guys huge shout out to vinfast for
[00:11:10] Speaker 4: sponsoring today's video they just announced a massive partnership with auto brains and nvidia to bring level four agentic ai driving actually to real life we're talking next gen intelligent tech that's completely redefining how we hit the road if you want to see how the actual future of driving looks like click the link in the description and check out vinfast today shout out to the great folks at vinfast and i happen to love the v f9 very nice car um and by the way i see it all the time because they've got a local um they go look at a local store at the the mall by my house york demo so you guys know how that works right so anyway guys just before we go to see it because i know she's got something important just got stopped out of bnai for the last remaining amount but we've been basically ripping through this 30 90 high we have an engulfed candle right now with about a 26 low there does seem to be a buyer in and around 26 bucks but this is absolute rip city right now and we haven't even gotten to triple digit territory let's go up to the big desk go see what see us up to thank you so much today's hot
[00:12:18] Speaker 6: stock pick is lb pharmaceuticals lbrx corporate profile and a little bit about the company that's a clinical stage biopharmaceutical company dedicated to developing novel therapies for certain uh neuropsychiatric diseases like schizophrenia market snapshot so this company is valued at 801 million dollars of market cap the price per share trades around 27 today it's trading around the 29 region and it's up 25 year to date and 53 year over year its current lead asset is an the lb 102 drug which basically is an oral anti-psychotic drug that uh treats schizophrenia it's reached stage three in trials in the united states awaiting approval um the company has received a hundred million dollar private placement for its clinical trials and it currently has 366 million dollars in free cash flow with and zero dollars virtually in debt so safe to say with calculations that it has a seven year comfortable cash flow um the company did have a net loss of 63.1 million dollars back in the year 2023 but cut to today it has come down to 39 million dollars which is a good number narrowed um the ceo of the company heather turner has a 15 year experience in therapeutics and biotherapeutics five years experience being a ceo of these companies and this all brings you to lbrx great stock would you
[00:13:46] Speaker 4: look at it thank you very much sia very informative uh and well put together i wonder if she has a journalism background all right guys having a good time all right we are halted down joey as good as uh you know you know you know how the market goes it give it and then it give it with two hands and then it grows a third hand to take it away with three hands brother right so bruh anyway b n a i halted down we're we're gonna keep a close eye on this one whole time 25 88 halt uh sorry 25 88 is the whole price 11 20 sorry 11 12 55 is the whole time earliest will be open is 11 17 55 let's keep a close eye on that one but there is look the the pickings are slim today sadly uh in the world of small cap gappers um bna i you know look to be the best among them but there's also bcda now this one technically at the moment below the volume weighted average price uh but it is putting in some higher lows so something to be on the lookout there uh you can very much clearly see that there is a a repetitive area of resistance and that's at 150 to 155 despite that double top going into 180 that was a very short-lived ascension into that level um most of the prints for the exception of two the 955 and the 945 candle they all close below 150 so i'm of the mind right now that that 150 area is a key area of resistance up 49.8 that's bcda we also have veru bada this one was moving bigly yesterday kind of trying to take out that 440 high it looks like there's a lot of resistance at yesterday's closing print which is about four and a fifth between four and a fifth to four and a quarter so veru still on watch i put sphl on there uh you know lest it recover above that 750 775 area where vwap is but sphl a multiple halter to the upside multiple did i exaggerate that no i was right one two two three four so there were three up halts two down halts on sphl but it does feel like this one is suffering from lower highs at the moment so if it recovers we'll get involved if it doesn't we won't vvos um sub one dollar it had a dalliance with the dollar area rejected let me throw in the ticker there i do apologize i didn't get to fully set up my stuff because it was a little late from the gym joey yeah i'm about to show what my may looked like for training and i'm gonna personally give a gift to somebody in the chat that can prove that they had a more um a more aggressive training month than i did but i'm gonna check to see if the pictures are ai by the way i'm gonna run them just make sure you guys don't know what like are we talking like calories burn exactly like your your fitness tracker app whether you've got you know the apple watch you've got something else i'm put it's an open challenge how many steps you do
[00:16:54] Speaker 5: uh average 14 000 how many metrics do we did we got to beat you by um let's just go with calories expended
[00:17:01] Speaker 4: on the month okay how about that that's fair how about that okay so vvos we'll get to that one when things slow down a little bit but vvos also moving up pretty bigly here i'm trying to see if it can take out the dollar if it can then maybe we'll get involved with that one i want to point out two different leveraged etfs uh that are not small cap gappers iren iren has a leveraged etf called irez or z shout out to my american friends looking real good man uh good volume on this one bull flag pattern just three pennies off the high 656 high trading at 653 behooves you to keep an eye out on that one likewise with ergetti mom spaghetti this one is also trading you know a few shekels off the high there shout out to our man nimrud who i don't know where he is uh he doesn't show up anymore by the way what a guy 374 369 we're trading at right now so rgtz should be in focus as well and bnai is open and it is trying to rip to the high side still a lower high so even though this is catching a bit of a bid the current candle high far below the prior bar high and also has a lower low we're fighting with 27 right now keep an eye out on the bid to see whether we substantially clear the 27 area on the bid not just the ask the reason i say keep your eye on the bid is because the spread is quite wide on this so this the ask can be substantially above 27 all the while the bid is still below that 27 area so look for confirmation on both sides of the level two continuing to watch this one fluffy since i'm in a wheelchair would you consider normalizing the numbers otherwise i cannot ever compare to someone that puts in steps just saying but we're not we're not going to actually use steps fluffy we're just going to use caloric uh expenditure right so how many calories you expended on uh on the month but i i i get it i get it completely maybe we can we can find a different uh a metric there completely get that just go straight kilometers straight
[00:19:01] Speaker 5: then then you probably get beat yeah way too right yeah rip on those it's an importance
[00:19:08] Speaker 4: how late i asked him that i i i was like you're right the first because i know him now right like if i come in he's in a good mood i know he's in a you know if he's tired i also know so that's the first thing then i see the cup right there he's like ah he's touching down yeah the caffeine he's a little tired so shout out to my man joey man it is friday so yeah you'll get a couple of days rest
[00:19:32] Speaker 5: there yeah yeah exactly man all right guys let's get right back into things uh i did go to bed a little bit later we're just watching a little bit of the cup final there last night working on some other things as well too so yeah no no secrets man we don't we don't keep those around here joey
[00:19:48] Speaker 4: yeah last time around you tried to fool us with that you're like i can't tell you what's going on
[00:19:52] Speaker 5: then all of a sudden there's an entire website yeah yeah yeah yeah exactly well i mean we'll get into that momentarily issues you know what i mean all right guys um there it is 79 40 here uh we had a little bit of a rebound in the nasdaq and then now we're starting to move a little bit lower guys we took some off when we were talking about the 79 break uh the support levels were being breached so we had to take that uh that flat bottom break trade and then sure enough we remove half of the position moving forward we're still sitting in walmart nasdaq down walmart up you're seeing the rotation right you're seeing the rotation into these staple names and that's what we're looking for man so a nice balance here how are the banks performing we're going to take a look at that momentarily we're going to diamond hands this until the high of the day there's no reason for us to sell especially if tech is selling right now so we'll hold up to 128 120.80 and i mean you've got to take into consideration 135 is the all-time high roughly here on walmart so we're not too far away from it a nice recovery here in this name this is what we want to see did i grab some more at the lows no unfortunately i didn't uh full disclosure shareholder of this bad boy and then we also had jpm doing us wonders yesterday finally starting to get the ball rolling on this bad boy i'm not going to be grabbing any more of the cdr at this point but 313 and change with a high of 315 in the pre-market sharif hey man this has been a laggard in my opinion and i think it's a good opportunity to get involved if you haven't been already and nvda i haven't talked about i mean we've talked about it plenty of times i'll go over it one more here 300 208 and it looks like there's no bottom in sight i think it's gonna get pretty ugly in this name uh let's let's pull it up and get into more of these technicals bitcoin is just an absolute disaster for everyone's holding this stuff in the crypto space a big time breakdown 71 on ibit you're down 51 you're now south of the original ipo price here or no relatively close to it no you're getting right close to it there sharif it's only a matter of time but hey listen there's someone on the opposite side buying this stuff it's going to take some time for this thing to finally find its footing and its ground now what was i about to pull up nvda we're going to take a look at it from the daily see support systems being broken and this is just an overhang that i don't like we want to see a clean ebb and flow within this and then just steady moves higher not necessarily the case right now now a couple more things i want to touch on and i i don't know how many times i've mentioned this i'm going to mention it one more time this is all fun and games right like if you're a shareholder if you've been in these positions but don't forget we can climb higher but then you get chucked off the top of the roof sometimes with some of these names right like look at broadcom shreep avgo what i'm not going to call it a fall from grace but if you're buying up there in the mid 400s that's not really fun because you're already down 20 percent off of the high so that's a little bit tougher to stomach be patient when you have these parabolic moves i'm a firm believer that if you sell some cash secured puts if you have that type of funding i would go that rail collect premium while you have the ability to wait for the stock to come to your price it may take longer than what you're anticipating but the chances are you of roughly getting it in my opinion are high
[00:23:15] Speaker 4: absolutely joey good call on that man um you you got a plan for um the spacex ipo you and i were kind of discussing it a little bit off uh from what aspect investing or like here no no just the trade like when we take the ipo during the midday full bp it's yeah all gas no breaks right it's like ask
[00:23:40] Speaker 5: for a bp bump it's either it's either um it's all gas it's either catch me in thailand for the for the winter break or maybe the unemployment line it's not gonna happen okay assassino i think sia is trying
[00:23:56] Speaker 4: to get your attention brother uh dan what's your average caloric burn for the day month say less dan okay so may was my second best month ever i burned one second assassino i burned 27 300 calories i've beaten this month only once i think i hit 28 and change i did 58 different workouts most of those are strength those will include tennis though and i burned as i mentioned already 27 300 my workout time was 66 hours and 36 minutes and 40 seconds with an average of an hour 10 per workout and the only reason my my average is a little down is because my morning workouts a little bit shorter than my morning one my afternoon one uh we got to go to sia yeah just take a look at us a little bit of a
[00:24:50] Speaker 6: downtick there down currently by two percent u.s energy secretary commenting saying u.s will be adding 40 million barrels to spr after the iran conflict is over this is coming from fox business just a couple seconds ago just to repeat us so a bit on the downside right now u.s energy secretary is saying that u.s will be adding 40 million barrels to spr after iran conflict is over coming from fox business right back to you
[00:25:14] Speaker 4: great thank you very much see you for that all right continue to watch here uh i'm watching soar source trading at around 41 pennies i'm thinking maybe you know i'd maneuver into this one uh i'm not 100 sure quite yet uh big max with joe get it scott all right eddie small cap cap or his random oddities i'm looking at soar and i'm looking at bnai as well uh we but bnai is in a bit of a downtrend so i'm waiting for this one to flip shout out to our ronian one inspiring you're inspiring thank you for the very nice nice comment shout out to you dan uh 3 696 per day 11 115 274 for the month of may fit big google health for real i kind of don't believe that so you're quadrupling me more than quadrupling me i don't know are you working out all day like who said that who said that dan uh dan 4287 66 shout out to dan uh commodity king wants me to look at avad commodity asks i oblige let me ask you this
[00:26:21] Speaker 5: yeah go ahead joey but if say if you were to have a higher body fat percentage is that possible that
[00:26:26] Speaker 4: you can be burning more you have a hot yeah yeah right so maybe right but i think that that okay i i still don't think that that's feasible yeah but whatever maybe maybe he maybe he is doing it who knows right like i can't even see him we have to stop the capping uh stop the capping all right joey let me look at avad over here for commodity king uh in the 280 we go assassino uh we're looking at this one it's into the high avd is up a respectable 11 and a half percent it's an 80 million dollar market cap having done 470 000 shares on the day american vanguard corporation um or okay cool this is not bad the volume is a little lackluster though i'm gonna keep it on because the pickings are slim today so we uh you know we can't be choosers uh when uh you know currently honestly we're beggars at this point because there's really not that much going on so we're gonna throw this one on to the side chart avd there it goes dan into sorry commodity king into another high of the day 281 really going here keep your eye out on this one brian vickers how many eggs do i need to eat you gotta have 12 baby but i recently have started cutting out now um the yolks from my morning breakfast i'd have like two or three typically i'm cutting those out and there's a reason for that is because i'm gonna have them later in the day right when they give us breakfast here most of the time it's eggs so i save those to eat after the midday as sort of like my post work snack before i go and work out right so those typically have yolk in them so i'm just like all right i'll just take the yolk from there i don't need to be getting double the yolk but i am in a calorie deficit currently and i will be this way probably until um mid to early october we'll see exactly when we shut it off so that's going to be the don't be a stinker maybe he's burning that what joe said maybe man i have no idea fluffy maybe he is maybe i'm just a hater um all right rex banner snbr is moving again let's take a quick look at that one joey snbr i'm still keeping a close eye here on bnai nice call out on snbr this could be a failure though and that's because we're coming from the south side of the volume weighted average price so there's always the possibility that this could fail um and even if it gets above it what it ends up sometimes doing is making a lower high and luring you into the trade so i'm going to keep this one on another good one here we're going to take off bcda because that's doing bupkis and we're going to put snbr on instead hopefully this one can make a move and we can have something to trade but right now guys pickings are super slim dan says where do you want the screenshots it's google health tracked by fitbit send it to my instagram baby send it to my instagram um conciliary 25 super simple yeah figure out the spelling on that
[00:29:21] Speaker 5: all right yeah no we got a super go ahead man no no you got it my boy all right we'll get in the super here we had another one oh my bad man don't shut don't shy away from those there we're gonna see we took some off on walmart as we failed to put it in a high we're starting to pull back a little bit here guys and then we took some off there on the nasdaq as well so oh yeah we'll get into our mind med trade here momentarily but we're rocking on roll these bets oh mind my day yeah that's the x the ftx no it's the other one that was it well what was the one that was going this morning which right mmd is that the ftx yeah yeah okay yeah anyways man you can see i know what i'm talking about here all right here we go i'm assuming since i have circle 6 12 calls break even 89 is going to zero in the next few days btc has been obliterated uh it needs some milk it needs more than milk man he needs some milk yeah it needs to get on a lot uh it needs to hop on a cycle or something oh yeah it needs the peptis um there it is some scotty pepin uh over there pull up pull up the next one uh in regards you know yeah the chances of those contracts being dead are probably relatively high in regards to spacex using your own brokerage ie weibo robin hood etc if you want you can set orders at open yeah check if you can do sell if you want you can set orders out so any form of order yeah i mean uh do a limit on open or a market on open whatever you're comfortable with uh if you especially if you don't have any of those shares so that's what we're sharif and i have been talking about that's what we do when we trade some of these ipos we go limit on open we want as soon as that bad boy opens up we want to get in on that the print just in case you have that massive move into the fact and where it's going to hold oh look who's behind us all right i see who it is let's see what is on screen oh you guys don't know who that is don't tell them don't tell well your head's in the way there you go there we go that is tiffany
[00:31:18] Speaker 4: she's the newest member of the production team tiffany wave at the camera just say hello there you go so when we're saying tiffany now you guys know who we're talking about everyone we're saying i see you know when we say ram ram you guys know right and we talk about fabian as well hey well let it come yeah yeah you gotta let it eat we have to know her first and then we give her exactly he's trying to boss us around that's crazy going on over here joe all right all right let
[00:31:49] Speaker 5: me talk about your thoughts here momentarily jesse man i'm gonna give you a 10 second i don't know why
[00:31:54] Speaker 4: you're just for some reason i don't know i added him on instagram did you oh yeah yeah oh yeah so
[00:32:00] Speaker 5: we got material yeah exactly we got material jesse don't worry guys we got you down you know what i was gonna do man i was gonna paint a print i was gonna get ram ram to just print a picture of his profile picture and then and i was just gonna wear it you're gonna wear it i was gonna wear it yeah that was my plan here because no one would have known who it was but he himself would have all right 313 here on aapl guys we went over some of the big names how are the crowd strikes of the world performing today not too bad in inside sessions 689 what's he saying what's he saying you know what i mean it's like dude you got to be careful around here yeah z scaler still in the dumps and salesforce we have we seen that um the stock had a little bit of a balance but giving back the majority of that move right there so not too good of a luxury dell computers down to 400 off of that high of 475. watch out for this gap to be filled i think you'll be able to catch this name in the 300s as the nasdaq sharif continues to bleed its own blood it's bleeding everybody's blood at this point because everybody's like why aren't we going up here today but walmart slowly starting to climb higher here as we inch lower here on the teqs we're gonna take some more off momentarily there my boy sharif as we put in a new low of the day joey i don't
[00:33:16] Speaker 4: like anything right now like literally i don't like anything nothing is looking good at the moment sadly like i'm i'm looking here i'm searching here guys and i'm not liking anything right now uh asasino can we put uh the screen brother thank you very much brother i know distracting you over there
[00:33:33] Speaker 5: why would save man woman peace say that why with canadian officials yeah officials yeah you guys have a surprise coming sorry can't share i don't think that anything is going to really surprise us anymore to be
[00:33:44] Speaker 4: honest no not me share you can't you can't say stuff like that give us a hint save man woman you have very good contributions in the chat i read some of the stuff you read you can't just say stuff like
[00:33:54] Speaker 5: that without uh you know giving a hint yeah you gotta throw a hint out there whoa whoa whoa what did all that come from i'm gonna hit this here man go ahead joey and we haven't hit this here today i was
[00:34:04] Speaker 4: about the low of the day here in the nasdaq they came in their nice suits on and on canada locked looked sharp canada will be okay okay i really hope so man i really do hope so brother uh because president trump is trying to slap us with a new 10 tariff uh as a result of forced labor practices but prime minister carney has already said he was anticipating that they're going to address that uh hopefully we'll get everything good there kc520 freaking six love this woman uncle sheriff thoughts on ihd for a swing looks like a breakout potential casey you ask you get let's look at ihd for the very very talented small cap trader casey 526 that's ihd right yeah ihd all right let's go to the daily on this one what the hell i hd on the nicey there we go daily okay sorry oh this looks fantastic casey okay so you're you always bring up good charts here this is great so you definitely had support at that four and a half that's a very obvious area of support that range was also limited from about four and a half to 575 the way i see this is the daily right you get that 575 break now did 575 and or six feature as support once broken uh yes generally over here but you're the higher lows okay it looks like it's finding more more support at the 200 case in point take a look at this range here from march i want to say late february no it looks like early march to the gap up look at that gap right there on the 8th of april love it then a very clear area of resistance between seven and a fifth to seven and a third you get that clearing and now you're basically putting in higher highs and higher lows what does this company do uh voya emerging market okay this fund it's an etf total return combination current capital gains capital appreciation 80 managed assets dividend equity securities derivatives okay so it doesn't give the full details of what they invest in so casey i would say the technicals really do show seven and a half possibly here support let me flip just to the weekly quickly to get a better gander uh on this one oh there's stuff here okay now we're coming from some highs this looks like a rounded bottom in progress casey uh this is a great look so you're likely going to have a move up here into eight and a half eight and a half has featured as a multiple area resistance level going back to january 2019 going back to january 2020 again july 2021 so that eight and a half eight and a quarter that's going to feature as resistance but here's the deal you could get a couple of outcomes one you can get into that eight and a half and then you can put the cup and handle pattern in right so you get that consolidative look perhaps between eight and a half to eight maybe even seven and a half it wants to range a little bit so i would say right away i'm seeing a rounded bottom and then whether or not you can project the measured move from four and a half to eight and a half that gives you a four dollar projection on the breakout of the eight and a half right because that's what we're looking at for the measured move the measured move pattern for the rounded bottom is to take it from the area low to the neckline breakout my in my estimation the neckline breakouts around eight and a half so that gives us a four dollar projected move so if you do get that eight and a half breakout you're looking for 12 and a half there but two eventualities and that's what i want to point out you could get that direct break through the rounded bottom or you can get the cup and handle pattern where it moves to the side around the neckline of the rounded bottom so think about those two eventualities this is the weekly and that is a hell of a support level there on the weekly at around four and a half fantastic look i hope you print up multiple
[00:38:11] Speaker 5: storms on that casey what do you got joey yeah good stuff man here it is i was talking to gore my boy my og gore you know gore was one of the first people in the chat him and i were just uh he's like man same trading styles and everything along those lines yeah i know that shout out shout out to gore
[00:38:26] Speaker 4: gore was awesome bro by the way except he's a liverpool fan that's you know his only drawback
[00:38:31] Speaker 5: there but walk him i'm joking we can never i would unblock you immediately my boy uh anyways obviously being uh sarcastic there there's the nasdaq to the downside right and then here it is with walmart moving higher so we got two and a half percent uh up here in walmart and then you can see the nas the queues are down four percent today clip that's crazy getting absolutely walloped but hey man there it is i think we're going to head for the high of the day i'm still holding on to approximately 60 percent of this position 120 80 is where we're going to look to trim a little bit here and then we're going to take some off on the nasdaq momentarily as this thing continues to bleed so week one guys rotation out of tech you want to find where the money's flowing into and i think it's the walmart the costco nice call out et mass you got you got some small caps moving over there joey all right there it is so we take some off there on the tqs oh i want to pull up that uh what is it cmnd right cmnd is that what we are rocking clear mind medicine so this is what we got up to earlier in the pre-market so we started looking at we we seen this bull flag starting to be formed here at uh 8 8 11 in the morning and then sure enough we take a couple of stopouts but look how long i hold this one i'm like all right we're at the bottom end of the range there seems to be a buyer at 370 i like how uh definitive and distinct it is when you can see them starting to step in at some cure levels and then we eventually broke out did i catch the top but but what happened here is considering i took what uh 60 plus cents and i'm only losing 30 on these trades so you hit a two to one you end up positive on that name so not too bad whatsoever i'm not going to complain and then that's when we're like all right what's going on if the market's going to bleed we're going to talk about walmart quite a bit here today as it's up 2.4 percent and continuing to climb here sharif so i like this play it's unfortunate that these tech names are selling but hey man you know i'm a rock star i've been selling some things right we've been rotating out of bitcoin we reduced our exposure in netflix and now i'm sitting on some dry powder because i think at some point it's going to be a buy the dip scenario what names do i want to grab it starts with a g and ends with an l
[00:40:34] Speaker 4: yeah i wonder how many different tickers that could be all right guys yeah that's a great question yeah it is well there's not too many uh five letter tickers either too right so there's not too too many what what happened so i don't know if they did that on purpose all right no tv's going here 29 it's on the way to 30 29 73 high i made a bit of a boo-boo here i got in and then i got out everything so end up flipping short i've got 27 and two thirds on it's showing me 28 we're looking for more 28 and a third scalping looking for a move a bigger move into 30 mind you let's go ahead and wait at 29 ish for a beak wetter and my move here is pretty simple i defend into about 24 and a half to 25 there's a bit of a resistance level there so i'm looking for that area to hold up if it does fail on the other side of that i'm looking for a move into 30 right my bias right away is to that next 10 penny level it's up bigly here to the tune of 228 and there it goes into 28 and there comes 29 it is now knocking in the door of 29 we could see a breach here there's a huge seller at 28.93 they killed him joey we're above 29 here comes 30 it's a 29.73 high this could have been the 30 touch here as you know it doesn't always make it up right into that penny level but we're looking for a little bit more here joe so good volume on this 552 million shares so uh over half a billion shares exchanged hands already so we got ample liquidity with which we can get in and get out with ease that's always comforting especially with these volatile names so no tv gotta be here we're gonna wet the beak jesse of course man that should go without saying joey we're looking for a 30 breach here what are you looking at brother
[00:42:27] Speaker 5: here comes 30. all right man yeah everyone in my uh my group chat talking about what are they talking about bitcoin now everyone's a crypto expert now yeah yeah yeah 25k yeah i know i got my cousins
[00:42:40] Speaker 4: messaging me as well like it's like i don't represent bitcoin you realize this right exactly uh so it's like i have nothing to do with this and i don't i never give ever my family advice except my parents when i told them to buy bitcoin they didn't but uh i don't give my like my immediate family advice i don't give my sister advice i don't give my cousins advice you know what i tell them right you know
[00:43:06] Speaker 5: what i tell them what do you tell them when they say hey man you never told us this you never told us that i'm like yeah well if you really wanted to know you would read a little bit and then do some research yourself and then come to me with like a actual legitimate question and not just be like hey what do i buy why didn't you tell me to buy this lazy well can i say something yeah absolutely you know
[00:43:26] Speaker 4: i hate i hate to paint with one brush like this but i do feel that canadians are woefully under informed about the stock market and equities in general we were so gung-ho with real estate because everybody was making their millions off real estate all you have to do was just buy and hold and you know eventually you're gonna you're gonna have a good amount of equity and i don't think that that's gonna be the case anymore at least in the way that it was for the last decade and a half perhaps maybe a little bit more so they better get a little bit yeah i mean like so like the the exponential
[00:44:00] Speaker 5: growth was like in the late teens right like when you're seeing everything start to hit that million dollar market how much higher are things gonna go like what are you gonna fall into new york prices um i mean the percent i think over time you'll still see some appreciation tree but like that large amount where your house is like the value of your house is tripling and doubling in the span of a
[00:44:18] Speaker 4: yeah handful yeah exactly and it doesn't set up for a sustainable model where young people can get
[00:44:23] Speaker 5: into the market and they're priced out they have to wait for um that money to funnel lower right we're talking about the biggest exchange of wealth from the boomers and to some of these young people but yeah okay so they're just going to sit on these houses and stuff like but not everybody's in that scenario all right let's get right back into these markets how do i turn to good good stuff there jesse there's somebody on the internet you'll be able to find that
[00:44:48] Speaker 4: it's way worse in the eu apparently says wisps hs nobody knows anything about equities yeah yeah i didn't grow up learning much about equities i didn't learn diddly i didn't know i didn't
[00:44:58] Speaker 5: school my friend told me about this stuff when i was already i was like 22 at 21 22 is when i first
[00:45:05] Speaker 4: started learning about it uh so yeah i mean what was your immediate opinion it was like more of like hey an investment vehicle or hey something i can get rich quick like what was your honest opinion
[00:45:15] Speaker 5: thinking here i'll give you more context to this story i'm living in liberty village it's the teens of the of the 2000s i'm 21 22 my buddy said hey joe you're sitting on too much cash uh they're gonna legalize marijuana you should buy some stock okay that was that was a talk but see the ignorance behind everything i knew nothing at the at the time and i'm like okay yeah here let's just do this to see if we can make some money you're young dumb and you're just looking to see how much money you can obtain and i i didn't really know what the objective what i didn't have one to see it was just like hey let's put some cash in it right and let's see what happens they're gonna legalize this stuff it's gonna boom and i just happened to be on the right side of things in the right place at the right time it was complete luck i just happened to be on some cash and somebody mentioning hey joe you should do this and then that's i literally googled this is this was the due diligence i did okay i literally googled best and largest marijuana companies in canada okay aurora cannabis pops up afria and canopy growth
[00:46:17] Speaker 4: corp i did something similar to that okay so i'm not gonna i'm not gonna dog so what do i do i walk
[00:46:24] Speaker 5: across the street where the td bank is in liberty village and i say hey i want to put this money into this i want to invest in stocks sure here you go joe there it is put your money in there and then that was it it was a wrap after that there was zero skill behind it i i get it i i get it i get it
[00:46:42] Speaker 4: but look what it led into though yeah right and that's so that's another thing we got to consider there um all right getting into no tv there does seem to be a buyer here locally at around 24 pennies maybe 23 and change i'm back in at 27 i'm looking for a bigger move and a retest of 30. it was an ugly topping tail candle so the current candle is not that uh comforting because we technically have a lower low and a lower high but we've got support off that same predictable area which is kind of like low 23s mid 24s let's see if we can try to work our way back above that 30 penny area i also want to mention vvos kc526 was calling this one out you've got a double top here into 103 uh with a 106 high so this is putting an ascending wedge pattern look at the bottom chart there guys higher lows with a bit of a flat top so vvos in focus here let's keep an eye on this one 106 high on vvos gavin they should teach finance to everyone at schools including loans stocks mortgages etc also cooking these are life skills everyone needs i couldn't agree more they don't want you to know they don't want you to know says fabian they don't want you to know because they want you to remain ignorant no i i get that i get that thinking but um they're doing it now big dougie apparently is doing it now it just doesn't make sense why wouldn't you teach people
[00:48:04] Speaker 5: financial literacy yeah make the most basic aspect instead of having to go to business school
[00:48:09] Speaker 4: right all right vvos taking out the pre uh taking out the day high into 109 i'm involved in this one at sevens let's see what we get here on vvos looking for a move into tens let's see if we're able to get that showing eights not quite the move i was looking for here on vvos but a big price spike nonetheless keep your eye on this one shout out to casey for calling this one out here good luck joey
[00:48:32] Speaker 5: all right good stuff yeah and taxes too man did mine uh not too long ago all right guys so do your own yeah mark are they right i don't know i don't think it can be that complicated man you just type in the numbers that are off of the t4 into that and like so i mean hey don't come knocking on my door man i was just following the instructions um anyways aside from that guys walmart starting to slide pretty aggressive guys we're up two and a half percent at this previous peak now we're down to two percent here and continuing to slide a little bit now same thing with the nasdaq we'll head over to the big boys and see meta can't seem to find a bottom we're at 400 on tesla as well as that was just a complete waterfall uh situation here earlier this morning and then 56 bucks 57 in sti i like what jesse uh hernandez was saying about that this morning uh is quite comical and then there it is the spy continuing to bleed we didn't look at actually we did look at jpm not too long ago so we're gonna pull it up again one more time as we just hold on to these runners right now in walmart if it comes back to our break even then we get out of the trade it's that simple uh 120 11 you can see that 119.86 is going to be our entry price with a high of 315 here on jpm we're now down to 311. morgan stanley and goldman sachs those have been the better performers you're down to 214 in
[00:49:54] Speaker 4: in each one of these goldman sachs there in that call on tesla like just perennial bears and then the analyst leaves and all of a sudden they're like gung-ho bulls i get it and not everybody has to feel the same way but they're representative of the entire firm so i think that that's kind of
[00:50:11] Speaker 5: funny yeah it is a little comical but hey man if you're gonna do something sure you may as well do it to the full so if you're gonna flip your bias you may as well just do it and be like hey man this is how we truly 227 joey yeah exactly so i mean kathy wood has a four thousand dollar price target on tesla i believe so if anybody's a bull it's her within that name i don't know if you'll ever see four thousand dollars again on tether don't rule anything out right so i use this comparison uh we talk about the inning aspect of what we are in in regards to this ai trade data centers etc okay we're not in the ninth or the eighth or the ninth we're in like the middle innings right now but in my opinion we're in the middle innings of the beginning of the season i or or seven game series what can happen with this stuff is endless in my opinion because you have no idea what 10 20 even 30 years down the road is going
[00:51:03] Speaker 4: to look like all right let me cover this for traveling trader by the way we're ripping here on vvos we got sevens with the best print i do believe i've got is 19s here it comes into 20s and there goes 20 there's 21 there's 22 there's 24 rip city right now into 26 vvos is on its horse and could see the third of a dollar sooner rather than later posting at 28 posting at 31 let's see we get here up 81 kc 5 20 freaking six another call there shout out to her all right let's get to the super over here hey sharif could you please look at bcda and opine i feel it can skyrocket and got a huge position i really hope it looks good brother let's take a look at bcda thank you for the five dollar canadian super chat guys pvos is ripping i can't make this full screen just because i have to keep an eye on the position but bc da biocardia okay just let me take a quick look over here clinical stage company developing cellular and cell derived therapeutics treatment for cardiovascular and pulmonary diseases advancing two cell therapy platforms derived from bone marrow such as cardi amp amp and uh autologues whoa whoa whoa whoa uh mononuclear cell therapy platform is being advanced for two clinical indications uh heart failure with reduced injection fracture and refractory uh angina resulting from chronic myocardial i can't say that last word there but let's look at the um the weekly okay um by the way vvos failing here be careful i have my stop below 106. so this has seen better days clearly uh a very prolonged downtrend if you're asking my opinion on the technicals traveling trader the the technicals are not good okay that's just the truth of the matter this is the weekly we can flip to the daily it's it's an unbroken downtrend at the moment and that's just you know that's the nature of the beast whether or not this can really take off you're going to be looking here i would say first things first you need to get through that 150 area resistance very staunchy resistance level so sorry we're going to go to see in a second assassino but i'm just going to finish analyzing this for him so bcda is the ticker let's throw that on there so everybody else can follow along uh you need to get through 150 150 clear area resistance right and then above that 150 level yet you've also got a key area of support here to run 175 to two-thirds the good news is the 200 is just a little bit below or a little bit above pardon me where we're trading right now we're trading at a buck 33 the 200 exponential is at 141 we're basically at the simple right now that purple line on your screen that's a simple 200 we're at that 133 so you're breaking trend but you need to close above a dollar 50 in my submission here to really say the trend has changed and then we're really going to get going if you can close above 250 look at this prolonged area of consolidation here right around that 250 level so it's just you know step-by-step sort of process bcda sounds very promising what they have but you know the technicals also have to jive with the theory uh huge seller here on vvos at 130 hopefully when we get back from sia it'll be gone
[00:54:38] Speaker 6: so really quick a btc down 5.3 bitcoin has looked to set a dismal week cap on friday prices have slid to 60 000 region this marks a 50 decline since its all-time high of 126 000 that was seen in september 2025 so this is technically 10 months ago and the last time that it has traded below that 60 000 region is september 2024 not looking that great also zcash has been linked to an apparent exploit that has been found in coding of the token that allows hackers to reproduce unlimited counterfeit tokens and also broader crypto crypto prices as we're seeing today we're falling under heavy selling pressure with that zcash usd almost down 30 on the day and eth with that down 10.4 sending it back to you
[00:55:31] Speaker 4: thank you very much for that sia so we did breach 130 but it was very short-lived 133 high we're putting an aggressive sell now i feel like there is a short really earmarking this one and a third 133 area look again how staunchy that resistance is there despite the earlier breach be on the lookout here there is somebody you're really targeting this one and a third 130 area as resistance joey here on vbls
[00:56:01] Speaker 5: a cloudy scrummy but maybe all right oh it's our friend from down under something's wrong with
[00:56:06] Speaker 4: the mike assassino everybody you're doing tests okay let's see his mic all right yeah we got the uncle
[00:56:11] Speaker 5: sharif currently trading sbcx usdt futures on btc says tealy 790 shout out to you and then cloudy scrumpy what's going on how we doing fellows huge call at 7 30 expire today 19.50 on wednesday 22 cents now absolutely fuming mate take about a drop bear market time to make some lemonade boys let's get at it and sharif up the gunners all right man much appreciated uh yeah 10 australian dollars there we go our good guy from a down under we're coming over to goldie so be prepared for when trader tv storms the down under uh maybe we go see what cooking with ball company right on the company well how's where we going there looking at brenda brenda he's already i we're already in talk with that with brenda he said he just booked the flight good with that yeah man we're gonna book the flights and everything we're we're already rocking them wrong first class two one way no layovers or anything um all right guys here it is uh we don't do layo no we don't i can't do a layover uh traveling trader five dollars canadian shereef hit the flag hey sharif could you please look at bcba you did that one already a fine i feel i can skyrocket and get a huge position but once again cloud i hope he does man canada 2.0 or maybe we're australia 2.0 looking at te did you do the allen uh bergettoni remind me what it says uh looking at te and keel for a leap and shares play is it looking like a good entry point right now well you're talking leaps that's my neck of the woods let's get involved into this stuff keep it up there for me asasino where i need to type in some of the tickers okay what's really important it doesn't really matter what the options shane is telling us right now if you're looking for leaps um you just want to see the outlook potentially from the technicals within the stock itself now let's take a look at what was it keel i've never heard of in peel no keel my bad if anything like that yeah i mean not bad waiting for this pullback there is a key there is obviously a supply zone yeah we know keel street uh asasino uh sharif's not he's not allowed over that way wow why over there five dollars you're down twenty percent but this is a nice move right like if this is just going to be a pullback i think at this pace you're going to break through some of these pivot levels and then continue so yeah be patient allow it to come to you if you're going leaps then cash secured puts on the way keep it up for me we're going to go over one more ticket ticker before we send it back over to shrieve because he's got a monster of a trade-on i can see right now appreciate in uh vvos uh cue the super chat one more time that last one asasino yeah can we put the super yeah pull the super chat back up from the previous one yeah and then te take a look at this one thank you oops that's not what we want to do breathe we saw te and then we're going to get over to shrieve momentarily leaps and shares listen if you're looking to leverage your play then i can understand the leap aspect but just remember the example of our friend from the down under just gave us within his contracts just losing the majority of its value relatively quick leaps it takes longer it's a slower decay but shares you never have to worry about that right you can always just grab a little more grab a little bit more and you don't have to worry about the decay and so uh t1 energy within the share itself always have to be cautious of
[00:59:25] Speaker 4: theta when you're buying options contracts all right i just got to look at mrln here for rachel um absolutely rachel uh very uh very good one but uh it's a little consolidative at the moment it had a big day mrln is the ticker so we're gonna throw on the five minute there uh see very bull flag ish the problem is the flag part uh is taking a little too long here to kind of uh kind of go but hey here we're about to break up above the volume weighted average prices so you know just one i'll see you just one second yeah okay so uh we've got resistance here rachel certainly at ten dollars whether or not we hit that at 4 a.m we got to 10.81 but look at all the prints rachel that do reject that ten dollar area so first and foremost i want to see if we can close a five minute candle above ten dollars because we already know it can get above ten it just doesn't stay above ten whether you're looking at today's price action in the pre or whether you're looking at yesterday's price action in the aftermarket here we come again popping off good call out here 966 current candle high on mrln i'm gonna put this one on the side chart man we're gonna take off snbr which is doing bupkis mrln thank you for this one rachel so again you know you can try to get in here and work your way into that ten dollar resistance have it reject possibly and then stop out or you can take the other side of the trade wait for a decisive closing of 10 and then it move back up i'm willing to bet you know that you can probably get something here between the nine and a half to ten uh because you know most of these area highs have moved into that ten dollar area only rejected that gives you about 50 pennies currently worth of room but trade it using a trend following system so for example if it loses current bar low or even more aggressive prior bar low you need to be on the lookout there so trade it with using good risk management parameters just before we go to happening now and neil's lesson of the day vvos has the current high right sorry the current five minute chart five minute candle lower low and lower high relative to the prior candle so watch out now for an aggressive retracement here on vvos separately i've gotten back involved in no tv because there's a lot of bottoming tail candles into 22 and a half and i'm looking for a move back into 30. let's see how this cookie crumbles two old 1202 we're sending you up to the big desk and neil's lesson of the day
[01:02:05] Speaker 6: let's start by taking a look at three major averages for today the s s p in the red down one and four tenths of a percent the triple q is down 2.64 percent and the dow currently trading flat our first ticker to discuss for today i have news for you is ba boeing we talked about the story before but there is an update ba will be beginning at 737 max production next month as early as 6th of july boeing will be beginning its new airplane uh production of the new airplanes on the sixth final assembly line on its opening of north uh line it's opening north of seattle sorry the new 737 max final assembly line in will happen everett washington will be serving as a catalyst for increasing the max production to 52 jets per month we had talked about this currently the production rate stands at 47 jets per month they want to increase it to 63 per month that's their target as said by the ceo of the company um and ortberg and boeing leadership have also set a long-term goal like i mentioned 63 per month it's the supply chain that can support this increase and with that boeing currently trading flat it did have a bit of an uptick when the news just came out a couple minutes ago let's take a look at the second uh story for today amazon unveiled its latest warehouse robot with that amazon is rolling out its next gen warehouse robots that respond to natural language this amazon has also as we know it laid off thousands of corporate workers citing its plans to further invest more in artificial intelligence and amazon executive john bomfrey has said in an interview that uh their experience of robots is that they have actually driven employment rather than reversing it all right that's an interesting take on that currently amazon also trading flat and with
[01:03:51] Speaker 1: that neil i wonder what lesson you have for us today thank you sia well if you were trying to be long today it probably wasn't easy i think that goes without saying you have a market where the futures are in an obvious trend down and that trend was established not just at the open we were gapped down so that's already red we were trending down in the pre-market at the first available opportunity on the queues here to bounce in the first three minute candle it rejected vwop and headed back down basically everything lined up that we were in the opening range week so if you were trying to buy it was going to be more difficult days like today that's what determines if you're trying to dip by let's just say that's what's going to determine how you're going to do in the long run because if you were shorting things they were relatively easy like i remember that one point this morning i was simply saying yeah you know i liked one long and you try to take your shots when you can and you try to keep them really really tight stops and i know like i'll get criticized sometimes like yeah but neil why you do tight stop here or there because when you get into something to the long side a downward trend well if you don't have that stop look at the expansion that's a 3x loss and i'm using this as the first example see how there's that first bounce if you're trying to be a reversion trader or a bounce trader unless you just magically pick that number out of thin air like this low you're probably getting entries around here if i leave it like that big of a stop then what's going to happen is my winning trades aren't going to be able to back it up now look at the difference in the short i like something do a long you catch a version of bounce give it a tight stop it works it works if it doesn't it doesn't but if you're shorting something and you short a pop like you'll get like topping tail and then just instantaneously like someone was like like i'm pretty sure i was in and out of q and t for almost two bucks before you could even blink an eye it went bounce off 55 even the play was really 60 and then the even dollars at 55 you can't get to 60 short unless you're sitting in it the breakdown of the pre-market low again was a swing and a miss because there was no liquidity but the first available bounce like i said first bounce gonna take it into vwap and then boom you're already out it's just instant getting the shorts and holding the shorts is going to be easier the thing about also too like you can join shorts late and even if i'm sitting there with not even great entry prices and at the bottom of the move on ibid well it just keeps on going lower so you can i can be sloppy for entries imperfect not even getting tops and you can still make money you can't do that with the long side of the trade and when you know there's an established direction to the short side i'm not saying to be loose on with your shorts you can give them more room you can be a little bit less particular it's more important the other side of the trade that you keep things a little bit tighter to the vest when you're trying your longs like you take your shots again like at nvidia i didn't draw that very well that's the all day trend which is useless looking at the bottom end of the trend when i look for that trend line keep it really tight to the vest get your scalp trade get in get out take your money and it doesn't have to last very long it just has to win intel was another one just get this little break give it to the high obviously at the short if you're trying to get long temper your expectations scalp it have some relatively tight stops if you have to you know which direction it's this was not ambiguous about what direction we were heading in there wasn't gap down trend down into the open immediate selling of the first pop at that open like this was very clearly doesn't mean it was going to go down forever but it was very clearly a weak warning so with the shorts you could be short the first pop short it comes short the consolidation maybe not get the best prices hold for a little bit all of that stuff would work but to the long side the only way you're going to be green today is if you limited the losses with like in very very tight stops by giving this to the prior no tight stop take profit maybe maybe in a situation where i would have thought intel could go two or three i'm looking for one in a place where i think nvidia could go or go two or three i'm looking for one i'm just looking to get in and get out very quickly on that long trade and it's just a bit of an adjustment and a lot of times it helps you to navigate a weak day because a lot of times if you're if you're just sitting there and you you're going to try to buy like it's just i've seen traders do this all the time you like to dip by it's been working before your brain is programmed that way and you're just looking for it so that's what you're going to take it's hard for you to this is short at the bottoms the best you can do is either get what available when is there with tight stops or lose as little as possible that's those are your options on days like today when the home run's not there for the buy the dip on the long so you've got to be able to take what the market gives you and in most cases you don't know that it's that week at 9 35 or 9 40. in this particular case we had a very unique situation where you did have gap down trend down immediate fade at open on the futures that's it's a pretty rare circumstance that you have gap down trend down immediate pop fade we're being told that it was relatively weak and so yes my first trade was a short but that but after that i was looking for some longs and it was really just about losing as little as possible and taking that quick profit so there's your lesson of the day i don't you're not going to get it every single day where you'd have that kind of a setup in the morning where it looks like a short in that regard or it just looks weak in that regard most days will not be that clear but if it ever is you can adjust your trading and your expectations on the long and your entry style on the short based on what the market is telling you there's your lesson of the day the the lunch was okay it was kind of like we said like the spaghetti bolognese solid i didn't need all the bitcoin just broke 60 oh my goodness see what i mean you could have just shorted anything on bitcoin every short it didn't even have to be particular about it it just eventually worked out for you like it's just it's insane uh so a bit of a weekday you have to be able to preserve capital if you're not just sitting in a short temper expectations on the longs keep some tighter stops with something we were talking about in the morning show so i'm making an easy lesson for you guys uh good luck through the rest of your midday good luck to the market three percent on the nasdaq
[01:10:54] Speaker 5: almost 2.9 i mean might as well be three wow all right guys as we zoom to the downside huge shout out to vin fast for sponsoring today's video they just announced a massive partnership with auto brains and nvidia to bring level four agentic ai to autonomous driving to life we are talking next gen intelligent tech that is completely redefining how we hit the road if you want to see what the actual future of driving looks like click the link in my description and check out vin fast today go check that out guys uh as the market yes is bleeding but we do have let's let's take a look at the best performing sectors here today oh what what what what website is that joey oh no no no no that's me bro it's all right it's all right you see well we can see it up there man everybody know and i was zoom in on that man we can't even read that man that's 11 that bad boy my goodness my boy yeah i'm over there consumer defensive 1.88 health care guys utilities and real estate those are going to be your best performing here today guess who's at the bottom of the barrel tech sector man bang on on that one my boy four four and a half percent to the downside that's absolutely insane we literally we actually have the t triple q's down 8.6 percent that is insane i haven't seen the nasdaq down that much in quite some time but guess what what the market is a roller coaster ride we've been zooming to the top and then watch out for that big time drop i don't know how deep it's going to be in all reality guys i know we have a little bit of fun with it but we also have to accept the fact katina man said that for the past couple of days if you weren't aware that stocks go down then i mean
[01:12:39] Speaker 4: you got a rude awakening man uh listen we can't become myopic and just you know come every day thinking things are going to move up and we should want these because oh we should want these days because which is going to lead me to my next question are you going to go shopping now that
[01:12:58] Speaker 5: we've had a larger correction yes or no yes absolutely i've mentioned it before but listen let's look at it from both sides here sharif sometimes when you go on these bull market runs when you're fully allocated yes sir uh and you're still you're you're holding on to things you're holding on to things i understand the aspect is like well how do you expect me when things to buy things when things are on a discount if i'm not sitting on any cash right makes it more difficult of course right and if you happen to be sitting on some cash then congratulations you get to buy some of these high quality names at lower prices but for me right now i went through the mistake of not having any cash on that previous run to the point where i'm like hey okay we have some some names that aren't performing as well let's reduce some exposure and sit on some cash for when these high quality names the the googles the microns start to come in a little bit i have the opportunity to buy some i made the mistake once our job is to not make it twice that's absolutely accurate man i mean you you
[01:13:55] Speaker 4: have to i think so you i think you hit that right on the head grandmother's garden okay first just before i get that the og bovin did point out lgps come on she's so embarrassing these charts anyway there it is lgps 95 pennies dropping back down into 88 keep your eye out on this one it just had a volume spike so it can retrace we need to see more volume we need more price discovery but it's moving up okay grandmother's garden sharif would you explain soxl being a leveraged etf is this when you would take that risk i personally don't like holding leveraged etfs as swings or investments because of the decay that comes with these there's also you know other issues um i i just personally would go straight into smh that's how i would do it and i also think that um some of these leveraged etfs as well to kind of get that beta they don't put all their investment or the majority of their investments i don't know what soxl is at the moment because it's actively managed but sometimes they put it in treasuries and they put it in things that are not nothing to do with the semiconductor industry i haven't looked at soxl's composition in a while but i do know that they do typically do that so my my suggestion for myself and it's never financial advice it's just to get into smh do you have any comment about etf decay and holding that for swings or yeah listen it's great on the way up horrible on
[01:15:28] Speaker 5: the way down okay right like again you drop 25 in an underlying you're catching 50 in the leverage if it's a 2x leverage and then now you need the actual underlying to gain a hundred percent so it needs to double from that aspect for you to even just get back to break even they're great on the way up disastrous on the way down there's some tesla headlines yeah are we are we going back there
[01:15:53] Speaker 2: let's fire it up tsla below 400 and the information reporting that the company is pushing its roadster demo to august again we heard about this roadster going back to i believe 2024 apparently the demo for this was scheduled for august it's going to be pushed back now apparently the point of this demo was to showcase its work with spacex on a cold gas thruster system for what it's worth again this is being reported by the information which in the past has released reports that are later been proven to be maybe not the best contextualized or a little bit delayed in terms of their information either way here the information sharing this report tsla pushing lower now we're going to over to cf for small caps
[01:16:35] Speaker 6: thank you so much for that adira let's take a look at the board for today iwm currently down two and a half percent in the red let's talk about individual tickers be let's start with that eight point three percent in the negative no apparent news here just seeing some uh momentum hut hut 8 corp down 11 on the day 4.25 billion dollars of 6.129 senior secured notes will be financing its beacon point data center project um next up we have agx is up almost seven percent on the day revenue coming in for the quarter at 291 million dollars net income at 46.1 million dollars diluted eps 3.24 cents and adjusted ebitda of 56.4 million dollars giii the g3 apparel group up almost eight percent today companies raising 850 million dollars to fund the acquisition of mark jacobs um which lvmh has agreed to sell it to a joint venture which this company is a part of q1 results have exceeded expectations as well with 536 million dollars in sales and the fiscal 27 2027 guidance for the eps has also been raised
[01:17:45] Speaker 4: with that concludes your small cap sending it to the guys great look there asasino if we can who remembers this adera just brought us that headline with the roadster but who remembers the falcon heavy and the launching of the roadster into orbit i don't even know where this thing is but it's actually in space uh let's play this so this is the falcon heavy launch there and this is real this is from a while ago but this car is still floating in space and this dude here i think they nicknamed him spaceman or something like that he's literally floating and the reason they did this was obviously proof of concept that falcon heavy could put you know payloads into space but they've since moved on from the falcon heavy obviously for starship but this is super interesting like this is still in orbit i want i wonder if there's a website that actually tracks where the hell this thing is in the solar system right now so interesting look this is the and you'll see like look at the shadows on his chest like right there you can see it moving like that's the angle of the sun obviously and this is the falcon heavy launch this is from years ago how long ago is this that's not fake fabian it's eight years ago you're killing me fabian it's not fake all right it's just killing me all right i gotta find out where the hell that um falcon heavy is at or sorry where uh that roadster is still floating around at the moment guys uh stopped out of vvos uh more than break even but it did break down i held this one through um i i wanted to see if it was going to hold that volume with an average price it had a couple of candles that defended that 110 115 level it did it failed so i'm stopped out here uh a little bit ahead of the break even so we give back a little bit off the top on vvos but there is not a whole lot that is good today uh that isn't a short okay at least in the world of small cap gappers there's not much moving uh fabian where are you fabian people want to know if you're a flat earther yes or no of course he's not of course not so shout i'm on all earther there you go
[01:20:02] Speaker 5: i love this guy bro he's actually good vibes yeah yeah i mean fabian's good stuff uh absolutely i want to bring up something neil brought it to my attention now it's our job to bring it to yours look at this massive volume spike here in bitcoin and it bounces right off of this roughly 33.85 marker that's a lot of shares this is going to be your largest volume print on the day uh and then here it is man you're gonna like you don't want to hope and pray a little bit that you get some form of a bounce here on bitcoin if not it's going to get really ugly for quite some time uh you're already in a year almost a year downtrend when do we start october a couple months away and then it's just straight year of a year to the downside when did this come into play january of 24 i told you guys i was buying this up so it's just multiple years of just dead money we took a little bit off around here and then we took some more off there and then on the way down we just offloaded some more i was mentioning the fact that full disclosure i had approximately 400 shares of this thing in my long-term account i have now reduced that to a hundred shares so really dropping the size on the way down here in bitcoin with that being said that puts me in cash what else did i offload a little bit off of netflix so put gives me a little bit more so why we're gonna grab some of these hot ai trade names off of the pullback now google what are we down we're down 10 we had a high of around 13 to the downside and i mean in the grand scheme of things sharif we're literally down less like four percent in the nasdaq off of the highs so if things start to get a little bit uglier be prepared man you're gonna have to put on uh those diamond hands and those gloves to just have to sit through some of the plane you want 10 percent off yeah that would be you go shopping that that that would be more ideal as
[01:21:45] Speaker 4: long as it's not structurally negative where there is like a fundamental change yeah you see what i'm
[01:21:51] Speaker 5: saying i think it's regular you know pullbacks yeah so what i believe man is that come next earnings season right like what is going on from a capex standpoint we already have a pretty good outlook are they going to be increasing things there's just too much money funneling between these top players in my opinion for us to not continue for the next little while and then when they start to cool down on capex i what i do believe we will see sharif is somewhat of a selling uh uh scenario happen but what does that mean now these guys are going to go cash heavy once again uh we've seen amazon deplete a lot of their free cash flow in this build out google's running to the debt markets but what happens when they start to build these things and the reason why apple is remaining strong is because they haven't been capex heavy so if we like them when they're spending all this money i like them when
[01:22:36] Speaker 4: they're starting to accumulate you're absolutely right everything you said is right but let's not forget that that apple now has changed their financial position about not being uh cash neutral right they could take on more debt because of the capex they haven't really you know apple man super secretive we're not going to hear it until it's typically happened yeah we get some inklings from ming chi quo and some other you know insiders that leak some stuff um but i i think certainly uh we're probably going to see a little bit more capital expenditures from apple in 26 in 27 and i don't think that's such a bad thing joe this is a product company they gotta have a lot of money thrown into r d in order to
[01:23:15] Speaker 5: come up with that next thing right so i was just using it as the example like because like it's like hey they are the individual who hasn't been spending money what happens when these big boys stop spending as much money as well too so yeah yeah i i agree right like we want to see this company take the next step in either the wearables or what is that next real uh hardware device like whatever it is bring us that because you have the cash you have everything uh at your helm for you in order you to do so and just really take a stranglehold no one even knows what zuck's doing i don't even know why this conversation brings to the conversation i'm kind of getting the feels here sharif of a metaverse 2.0
[01:23:54] Speaker 4: meta wow that's a statement that's a statement you're thinking the ai capex is is akin to the metaverse
[01:24:06] Speaker 5: yeah so let me bring this to you so we know why google spending right they have the demand they need more compute so they can generate more tokens for gemini and all the tools that come with gemini yes sir uh azure a little bit of that stock has been uh been hit but amazon web service providing that for other companies who need that the open ais the anthropics everyone else exactly yeah no one's using i know meta's tools you called it right so no one's using these tools so hey man are you gonna have like this glut of compute that you're not necessarily doing with what uh elon musk is doing with xai renting it out the the cloud space i think it's a completely different story if people were like all over muse spark and all over the warehouse they're not they're not so so i think that's a little bit that's the major difference i believe in what's going on yeah no no you bring up some solid
[01:24:56] Speaker 4: points there zuck is eating bugs in his backyard like the other crab people why'd i read that without without reviewing it for isn't that a futurama thing i don't know what it
[01:25:09] Speaker 2: is so go ahead and dara i'd like to say about crap people i just want to know if he's going to collaborate with t-pain again for another deeply uncomfortable cover of a 2000 song to give to his wife every time i hear get low i can only ever hear mark zuckerberg's weird croon so yeah if you
[01:25:25] Speaker 4: haven't heard that also please check it out yeah i do remember that shout out to priscilla man she puts up with a lot is that his wife yeah cool i would put up with a lot of my uh yeah yeah yeah yeah yeah yeah absolutely no but she's like i think she's a day one though i'm not a hundred percent she's a day one might be she might be yeah uh i'm not a hundred percent sure we can go back and check that but um anyway top voip voice over internet protocol shout out to my man sharif triple q is down 50 from the june 3rd high let that sink in 50 loss in two days i get it brother but we've seen this story before you take the escalator on the way up and you take the elevator on the way down how many times have we seen that only to recover and make all-time high should we show them the chart show
[01:26:21] Speaker 5: me should we show them the chart hold on let me pull up the chart okay assassino hold on remind them that you collect the 73 cent dividend
[01:26:31] Speaker 4: let them know wait man i'm gonna show you guys the monthly chart on the triple q's okay this is what it is guys all right i'm sorry it's freezing here and there's nothing i can do about that but this is it like sorry here it is start it populates from 2007 if you get worried about investing in the nasdaq if you get worried about putting your money in the smp 500 throw on the chart and go to the monthly
[01:27:08] Speaker 5: is there anything else to say no the other than please sell more so i can buy it listen don't make the mistakes that we did that's the whole point of us being here is that if you have the ability to lock in some profits and sit on some cash they're gonna probably be a good opportunity to buy a little bit more not telling you what to do but just be prepared for that scenario and like and that's the
[01:27:28] Speaker 4: thing too like when i started saving when i sold the car last year i had a decision to make did i want to hoard the money in cash and or even put it into like you know a shorter data treasury grab a couple of uh sorry he's out up there oh uh grab a couple you know you look back the wrong way um we love you no no there was somebody on the screen that joey was enamored with that that was all yeah my bad um no no but i had to make the decision i'm like do i put this in shorter data treasury and the reason i was asking myself this question is because i had a two-year window yeah two two and a half year window before i wanted to get the house for sure so i had to ask myself what if there's a market downturn and i lose 25 in a shorter time frame yeah 25 30 of my investment of course i'm a big believer in that 10 year 15 year pick 20 year where that obviously is compounding returns absolutely so that was a decision that i had to make right and there wasn't an easy decision to make either right i i totally agree no like again
[01:28:35] Speaker 5: uh for me now as well sharif uh it's been a long time since i sit on cash for a little bit but i tried to deploy it at the time i don't have literally if like if you hold cash for too long you just put it in into your account you lose money just due to the fact of um what's uh inflation right like is everything continues so it's just not really worth it uh to just hoard it for a long period of time because it's not doing anything for you now just going a couple months or a year or so of just slowly building it so you can buy something i think that's the more or less ideal game plan that you need to look at
[01:29:11] Speaker 4: why are you laughing assassino all right we gotta throw it up to sia but i love assassino man
[01:29:27] Speaker 6: let's take a look at the board today there is weakness across the sector and the market we're seeing a lot of bleeding final day of trading this week tesla pushing its roaster demo to august and also analyst comments neutral from underrated by jp morgan currently trading down 4.53 percent nvidia has this is just a quick cool fact it's made the list of companies alongside google microsoft and apple that exceed india's profits of the nifty 50 that it generates it's pretty cool uh senator elizabeth warren also has invited jensen huang to testify before the senate banking committee on the 11th of june with a focus on nvidia's china business and u.s export controls seeing a lot of that nvidia in china uh going on all around oracle also where is it down almost nine percent on the day not no news here uh yeah adera and i were speaking about it earlier as well uh meta down uh apple trading flat microsoft down almost two percent health sector however looking pretty strong over there uh reuters reporting that the glp one will be hitting 150 billion dollars in the year 2030 this coming from td cohen so that's a pretty good look for lily right with that sending it back to you
[01:30:44] Speaker 4: yeah these glp ones man i think we're just scratching the surface here uh you know we we've spoken about this before but they're being studied now for substance abuse addiction we're talking alcohol we're talking drugs gambling as well uh being studied for that the efficacy for those uh for those labels i i don't know if they're quite there yet but potential uh tam expansion that's what i'm thinking there and then you also have redditrutide which is going to come out probably in the next year from eli lily it's in phase three very promising redditrutide phase three study came out i think like a week and a half ago two weeks something like that this drug is already being used heavily in fitness and bodybuilding so there's already all this off-label knowledge uh you know aside from the phase three trial and everything that lily is doing so i think it's going to be big i think it's going to be big but you know you never really know how these things are going to be but that's that's kind of the look here guys i worked in the sore the pickings are slim at the moment so i'm trying to work into this one but i also want to mention sphl why would you do that bro you don't
[01:31:53] Speaker 5: time him out he got a minute man he said i said i'm missing him time out right away why that's not even that bad crazy activity like that man around these around these days he's my boy alone man free jesse it was my boy free jesse in 60 seconds you say anything along those lines to me my boy look at
[01:32:12] Speaker 4: what people are saying here joey retta is amazing says andrew yeah yeah well we're we're gonna we're gonna know pretty shortly whether it is or not milo dog what's up man uh so this is sphl um look it's still trading below the volume with an average price but it did find a little bit free my boys um it did find a little bit of a move here off that five and a third now moving into seven there is resistance at seven and i want to bring your attention to that white line above seven that is always a volume with an average price on my charts which is showing about seven and a fifth seven and a quarter so we got a clear there before we start getting involved with this one but sphl very aggressive move on the day keep your eye out on this one it could recover and for the individual who was telling me about you know the the queues are down 50 so this is the monthly again we already showed this but i want to show the daily this is how far off the daily guys look at this parabolic move from the end of march march 30th let's do this here joey march 30th low to the high of a few days ago the entire market moved 34 and two-thirds percent it stands to reason that we at least get to move back down to 700 or something i mean i just think that that's normal price action i don't think that this is the end of the good days or anything like that that's just my opinion obviously but uh sphl in focus here still holding soar i'm looking for soar to kind of move above that 41 penny area if it loses 37 and a half pennies i'm sorry the charts are acting up again friday maybe they're tired 37 and a half pennies on soar i stop out that's a local area low i'm looking for this one to kind of stay above the 10 ema and try to take out that 41 and then if we're really uh you know really get going here looking at that 43 and a third which is the highest day at the moment but guys the pickings are slim in the world of small cap gappers so we will have to be selective
[01:34:11] Speaker 5: here joey going into the afternoon absolutely man all right so there it is uh we have walmart right back at the high there was a good reload opportunity at the volume weighted average price i was thinking about doing it this isn't a name where you play momentum into the high of the day break even though you can but what i would do is just if it punches through wait for a pullback and then engage excuse me so for me um just hold doing that specific play isn't it right now let's head over to the t triple q's as we've been sitting in this since 79 40 and what are we trading at right now 77 12. all right so we'll hit that there and then the katina man on that one uh as it's just bleeding support level break you have that uh key definitive level at 79 40. we're playing the breach of it especially with how some of the larger companies were performing here today let's send things over to
[01:35:06] Speaker 2: adara keep an eye guys on asml business insider reporting that elon musk yes that elon musk will be pitching spacex's terafab chip moonshot to asml employees once again business insider saying that elon musk will pitch spacex's terafab chip moonshot to employees at asml of course this timing pretty serendipitous here because spacex is said to ipo next week one week from today
[01:35:33] Speaker 4: you what does that mean he's like he's just pitching them the invest i don't have further
[01:35:40] Speaker 5: details yet what the hell maybe maybe he's like hey man maybe you can be able to see it right there
[01:35:44] Speaker 4: it says elon musk will pitch spacex's terafab chip moonshot to employees at asml what are the employees running the company what is happening i don't understand okay maybe we'll get them behind
[01:35:57] Speaker 5: it anyways um yeah super chat yeah yeah go over uh go over super chats i mean we're just bleeding here we're down five percent in the overall we're close to five percent now uh at this point is especially with the nasdaq continuing to slide tesla south to 400 and then we have meta running into that eight uh six hundred dollar marker man it's ugly in the tech space it was hot for some time uh be prepared for some more selling we got to go back to it let's go back there a little bit more context here so we
[01:36:23] Speaker 2: know asml ceo christoph fucco has previously indicated that he really wants to work or he wants his company asml to work with spacex now apparently next week there's going to be fireside chat with christoph fucco and uh our friend elon musk it'll be next thursday apparently during that chat elon musk is really going to push that new chip that's what i'm hearing to get more details i'll let you know but again keep an eye on asml next thursday when this fireside chat is set to occur vis-a-vis
[01:36:51] Speaker 4: back to you very much for that yeah i'm expand more signs all right um thank you very much to random oddities in april uh for the ten dollar super chat thank you very much for that in april burry bought a large amount of so double x in january 2027 puts or he has january 2027 puts at a 330 strike this is probably your world here wondering what they are going for in april and where so double x needs to go by end of year for him to profit joey pull them up pull up so so double x yeah january 2027
[01:37:31] Speaker 5: 330 strike a puts right uh yes can we get it up on the screen maybe asasino uh me no asasino if i want him to put it up here uh who's it by who's the super chat oh uh by random oddities random oddities let's get right into that manning and get our conversation going on with this specific subject so i'll just read it one more time puts at 330 yep he bought a large amount of puts at 3 30 that are going to be expiring january 2027 wow okay um i mean that's an interesting very interesting play uh those are like i mean there's a term that i was going to say but those are extremely hella out of the money there man uh as that is not good i don't know what he bought them for wondering what they're going to do at that 330 dollar marker we can head over and see what there are and then take a look at the actual chart in itself uh there it is this is the expiration he bought these 330s i mean you can pull up the advanced chart we're not going to get any data on them really i don't think at this point yeah i mean it's a little bit more difficult to tell what's actually oh here it is okay that's not too bad so i mean if you bought them a while ago they haven't lost too much value like you're looking at 19 and you're currently trading at that level he does guys don't forget when you are trading options contracts and you have something like extremely outdated like this you don't need underlyings to trade in the money you don't need it to go south of 330 or head to 330 dollars what can happen here is that hey you go on these big runs he's buying something so far out of the money as it's continuing to climb it's like okay you experience an aggressive pullback he can still profit from that if he's in at the right place at the right time i would need to know a little bit more information but don't forget when you are trading options just because you buy something so far out of the money like these 330 strikes you don't need it to trade to 330 dollars to gain profit off it why because think about the two things that contracting is derived from intrinsic and extrinsic value time value and the moneyness those only have time value right now and it seemed from the description that you've told me that's the objective it's time money and then sell them to some a schmuck as sharif would say who believe that it's going to continue to move a little bit lower once he's already profited off of just
[01:40:04] Speaker 4: holding the contracts themselves all right i tried sphl uh failed attempt we got a couple of profit takers had to lose about 15 pennies per share on this one so we'll give back a little bit here sphl was trying to make a move above the volume weighted average price it looks like it kind of rejected a a little right back down bovin is saying su gps moving up and it is right it is at the day high right now pardon me uh it's at the day high at around 90 pennies still light on volume generally for a 90 penny name but it's done i believe 1.81 million shares it's ripping bovin into 99 su gp is on its horse here and could see that dollar sooner rather than later the volume is starting to come in it's not great yet but i'm going to keep a close eye on this one especially since there's not much going on su gp the ticker i'm talking about but i'm keeping a close eye here on sphl especially if it takes up prior bar high which is at 836 it was a really aggressive seller between 36 to 33 and that's where i got the prints there but it ended up failing that level so if it continues up takes out prior bar high shows me that that move above the volume weighted average price wasn't just a bull trap i'll get back involved with this and then we could see ten dollars and that was in fact we've already seen ten dollars on the day because for sphl the hod on the on the intraday is 10 71 but su gp should be in focus as well shout out uh the code named ed he's dropping two in the chat we're going to thank him for that asasino can we throw that one on that was me always in the money now easy money oh the money shout out the code named ed thank you for the two dollar super chat there brother and the chuckle continuing to watch here here comes sphl it's on its horse it might take out the prior area high that's another rejection at that level we're going to get in small shares here and we're going to look to defend so we got 32s essentially right at the high showing 28s let's see if this is going to be a double top projection or whether i'll be able to pick some up off seven and three and three quarters the current bar low is 7 45 so essentially around that seven and a half area light share is here initial because you're getting in at the high so it's always risky that obviously means that if it goes you're going to have to add at the highs as well otherwise you're going to exhaust your shares another attempt there to take out the prior area high which failed so continue to watch here joey let's see if we can pick up some off that area low there it goes into 40 44 is what the beak they're looking for 50 not immediately clear if we're going to be able to get 50 you might as well just post at 48 i'm also going to wait at 69 let's see if we can get something above there but there we go right back into the 30s and okay into the 40s again that's that's another move there into 48 didn't get the print didn't cross now we get it into 50 it goes good continuation here on spl joey but we're
[01:43:12] Speaker 5: still not out of the wits good stuff man a little notification there all right let's see there it is guys five percent to the downside here in the nasdaq we're still holding on to this t triple q's we have walmart heading towards the high of the day i do like this where a move a little bit north than where we're currently trading at we could head over to the staples and the top performing sectors if you're not about this bleeding then where are you going to find signs of strength i know we've been talking about it quite often but it's the consumer defensive that's up two percent here today guys and then at the bottom of the barrel right now five and a third here on the tech sector uh utilities holding up real estate and health care consumer cyclical not performing well energy same thing and materials 1.6 to the downside percent that is so yeah be patient guys i don't know if today's going to be the session where you're trying to pick bottoms if you have been then it's been an absolute horrible time this tesla's now at 396 meta's down to 609 and we're looking for this 600 level to hold we're going to head over to our options um chain here and see what we have going on with that specific strike price which i was referring to this morning it's just that head over to this june 18th expiration cycle and we'll see how we've been holding up and has that size increased at that specific strike price which is really important to know because if that breaks then you have to reassess the situation uh that's not it that's not the cycle and here it is oops there it is uh we were we're looking at 12 000 so smaller right like we were looking at 13 000 you have some positions being closed some people getting wiped out but sharif i really want to point this out this is why writing can be so dangerous and when i refer to writing i'm talking about selling options because in the span of one day you've had this specific if you're on the opposite side of this trade you've lost as much money as you could have potentially collected just naked right so if you were just if you happen to have 60 000 cash at that specific level and you decided to write one contract well congratulations i'm being sarcastic here that one contract went from 500 to now 1100 okay so that's where you have to be really cautious and being patient is important especially when you are writing so you would have to get out of this position and then re-engage in it once again to collect why 1100 from that decay standpoint it's pretty attractive at this uh at these levels if you ask me and we still have the options market pricing in a 70 chance that these contracts are going to expire otm but once again we're talking about it not too long ago 114 percent when i documented this last night that specific contract gave you a over 100 percent return and if you're a writer that's completely against you and it's really difficult to sit through that type of volatility great advice
[01:46:08] Speaker 4: joey and sound advice as well uh sphl into three quarters of a dollar we've got the third on here i'm still looking at defending key levels we've got a lot of volume exchanging hands here right around the half dollar about 23 and a half almost 23 and a half million shares so far back into the 60s it goes we already got 69 for uh the i think it was ostentatious productions i was finding that a little bit funny here we go seller locally here at 60 so technically we are putting in some lower highs here as we come right back down into my entry look crap trying to flip to the five second chart let me go no you piece of ib bro ib it just the uh the premier platform over here 850 seller big 850 seller coming in here that's a problem they just got killed back into 60s we go looking for more man let's go it's such a thick trade today anything long is super difficult you can feel that so we're gonna have to wet the beak uh lower areas than i typically would have liked how many shares do we have left oh yeah we still got a lot of shares so we're good looking for a bigger move here into the 80s i i still have 88s that went unprinted we did get 77s we didn't get 88s we got 77s and 69s we didn't get 88s quite yet nor did of course did i get anything above nine so there's a lot of resistance there's you know it's been above this area obviously before so there's bag holders as well as shorts that are trying to base their entry off those previous area highs but it's an epic struggle right now between longs and shorts at this eight and two thirds eight and a half dollar level joey so interesting look there by the way sugp halted up shout out to the og bovin 108 halt time 12 44 02 earliest open 12 49 02 current time 12 48 24 as we come right back down into this area that's going to end the trade for me there as it will fail and right down it goes nice nice catch okay that was really good come on that was really good i mean i got the hell out of there before the dollar flush right all the way down it goes you can just smell these coming away bro just smell the way that the the level two starts setting up man so we make a little bit on that one not the greatest trade of course we didn't even get a dollar but you know not too bad so what are we going to look at here now we can focus on sugp but by the way sphl is not done it just there's a lot of ziggins a this one above nine could really open up sugp open bovin all right here we go let's give this one the old community call let's try i stop out below a dollar let's watch do i get to pick this up for cheap let's watch the defending of the dollar here 105 104 stepping in let's go we're going to go 98 let's see if we can get something i'll go 97 right right around there so what we got we got sixes let's go ahead and post something at nines we're going to post a little bit of 11s just to catch these quick price spikes up and then i'll stop out quite frankly if it loses the dollar so we'll see how this cookie crumbles but we saw this one also tank or sorry rip up earlier let's see if it's got the juice no right back down i stop out immediately so someone comes up with a big sell order there immediately takes me out and then halting down now into 91 pennies false halt into 91 still holding 90 above the volume weighted average price let's see what this one wants to do does it want to hold 90 because vwop is right at that 90 area wow that was an epic stop right back
[01:49:45] Speaker 5: above the dollar go ahead joey yeah yeah there's something big going on here right now because we had wally's world just flush uh tank city off of that high of the day break but then now we're starting to get the same print gore where are you gore i need you right now uh at this moment here it is volume increase uh in the queues volume uh spike guys across the board so when we see it on multiple names let's wait for this market to turn around and i think there's going to be a good opportunity if the volume on so that's that five minute candle is already printed all right but that's going to be the second largest volume print of the day relatively close that could be potential stopping power right now all right and stopping volume so this is stopping power it's crazy anyway stopping volume so there could be somewhat of a retracement play coming in and also i was looking at ibit 34 42 for a potential breakout massive volume at the low of the day at that key resist support level so be patient wait for things to turn around when you're a goal when you have that momentum to the downside again i use this speedboat in a cruise ship analogy speedboat can turn around relatively fast cruise ship takes a lot larger the bigger the actual asset is the longer it can take to turn around okay so let's be patient to see if we're going to get any form of a bounce i don't even know if vwop's in the neck of the woods but i wouldn't be surprised if you see buyers start to step back in now we have a ten dollar super chat sharif yes sir have been tuning in when there was uh kid pics next to sean's head became devoted at 40k subscribers watched you join your growth has been amazing adara pro obm meme uh joseph a dog andy thanks andy i love this guy bro what is going on that was like i do know i i always see his name in the chat by the way i was asking like a dog in a good way or yeah i figured man all right shout out to any oh yeah is it my dog milo milo yeah possibly a dog no i think he meant like oh i'm a dog in itself right in a good way though in a good way i think because you know you
[01:51:49] Speaker 4: know what they say here we go joey go ahead buddy there goes sugp it's rip city here bovin shout out to the og bovin man i don't care how many times i call out bovin we're giving free advertising for bovin freaking patel shout out to my man in at 101 it's rip city now into 118 we're taking prints we're looking for more let's go 121 for the next profit taker there in the 19 it goes but no continuation actually it was 18 sorry i thought it flashed 19s they're super quick um there's a an aggressive seller here bovin what's the level he's laughing bovin what's the level you were telling me earlier that this one had a resistance i just don't have the ability to look at the ta at the moment as i have to look at the level two so just tell me what you were looking at there as a local area resistance but this one did stop me out initially so we're one for one here let's see if we can go positive am i negative on this no i'm positive on it now good good good looking for a little bit more 118 showing up it feels like this one's accumulating for a top break you can never really be too sure and there it goes into another area high give me my money man 125 we're gonna post joey and now we're gonna limit up bovin maybe maybe let's see if this is going to be a false hole bovin says 125 uh resistance we're at 123 now bovin that is the high showing halt 122 we are halted
[01:53:14] Speaker 5: at the high side where's gaurav this guy's going through withdrawals bro i need gaurav yeah where is this guy gaurav um we're gonna try this big dog adrian hey yo adrian hey yo adrian s thought about to
[01:53:28] Speaker 4: take out 14 says the og bovin uh let's have a look at the dot we were trading the dot yesterday it was okay to us i mean you know there were times where yeah above it it's just really light bro the volume is super like goodness gracious these charts are going to end me today that was a quick second hour too though that felt it's the hobby i'm just saying because usually what joey and i always talk about the first hour going by like this the last hour is always like the slow one but today feels like
[01:54:01] Speaker 5: everything it's a looker outside man i might hit the old canoe are you a big uh um i know i know you and your timu water jet skis but do you like outside they're not from people jerk they're from china not everything from china is from you do you like canoeing and kayaking yeah i'm right down your
[01:54:22] Speaker 4: ants up in keswick always bro always we got we got a whole bunch of stuff up there man she buys uh she's a big garage sale lady so you know when you live in a city by the water there's a lot of stuff like that the garage sale right coming from the garage sale so she's got quite a bit she's got kayaks canoes we got paddle boards joey i just want to bring up that electric paddle board though have you not seen this thing this thing is a vibe not the one i'm talking about not the jets yeah yeah not this one that you stand on top it's battery power is it yeah nice man all right from the same uh the same great people you uh so callously just uh maligned there for not that long ago joey all right who is you who is you it's boven pronounced b haven says timothy i spoke to boven before and he told me that i was pronouncing it correctly boven am i saying it correctly or is there is there a pronunciation change that i need to enact let me know he already told me that but we we checked it with him i'm saying it yes i'm saying it right yeah the og himself confirmed it bro so come on now this guy timothy man trying to bully me joey that's like robert craft
[01:55:36] Speaker 5: that's wrong that's so wrong do you know that story what was that you don't know about that story do you yeah i know about the patriots owner i don't remember the name of the place you um oh robert craft at a massage opportunity log bill belichick's um girlfriend wore a t-shirt
[01:55:55] Speaker 4: to the game of the spa remember that yeah yeah i remember she she's she's embarrassing a couple of times though right like some of the stuff she says too like such a big age difference it's a little funny but it is the address that's crazy man uh let's get to the super we already got to that one let me like that one that was funny jk yeah organs of asia yeah greg trail 39 sorry 34 91 he's dropping five in the chat assassino i'm back with more seinfeld movie trivia sharif what character in toy story series did george's mother that's not a seinfeld question bro that's not a seinfeld you're you're you're taking seinfeld characters off the movie and not asking me your stories about them no come on man i can't i can't get that one guys you don't have to super just tag me with the seinfeld trivia i'm pretty good at this i'll get most of them i only got tripped up on one yesterday look look what's up there what is it toy story toy story that's fantastic joe your seinfeld buddy dated okay yes i do know that but that was like uh i i don't know i have no comment on that okay don't get me involved in that seinfeld sucks six degrees of seinfeld potato head mr potato head mrs potato head everybody's answering the question for me that i have no idea what uh the lovely mrs costanza uh was uh was doing there off uh off the thing shut all pipes yeah shut up random oddities uh yo yo bnai still got a bounce here so i'm looking at it man it's still on the side chart but it's not to my liking it breached vwap and then it immediately dropped a little bit lower sorry the charts are going to freeze guys so uh yeah there's nothing i can do about that but bnai it looks okay so does sphl mind you it's trying to make a move above the volume weighted average price again but we're still involved in this sugp halt up up 70 and change percent what was the name of mr castello oh that's a good one uh it's frank castanza that's the name of the dad and his brother yes because it was long lost brother uh okay i just have to take this print because sgup is open uh here we go bovin we're showing 30 boom more highs bovin 33 here we go 35 let's go bovin it's prince city now we're gonna start taking less into 40 we go we screwed up here uh no that's not what we want to do into 41 limit up again into 140 go sugp this could be a false false halt right now watch out guys sugp wrapping up in 95.42 we're showing limit up 40 halt limit up joey what a move up here for sugp big boy moves my my oh he did mention his name in that episode when they brought him the picture uh they were at the restaurant and then he was talking about how they split up you know one came oh man i don't remember i don't remember his brother's name that was a tough one there yeah yeah that i'm gonna go okay so that's a second one there i'd love to know does
[01:59:18] Speaker 5: anybody know i can use chat let's find out put it on chat there i'm going to talk what we got going on here with tsl uh we're still holding on to the short here in the nasdaq uh we're deep itm on this so we're not going to complain about it but let's head over to tsl and see what we got going on here ladies and gentlemen uh i mean slowly starting to work for us what are we in at 13 30 we're printing nine to 18s right now you can see that we're probably going to print 19s momentarily especially if this bounce is sustained we just want to see how deep it's going to be um when you see the same signal across the board with a multiple stars aligning you have to take the trade whether it's going to work or not i was already in the nasdaq could i have flipped short the the issue being i don't know if the risk to reward is even worth it um because i mean i guess it is the more that i think about it i wasn't holding on to anything like 10 of the position you get out of that and you look for a balance with an extremely tight stop then maybe you can make it worth your while on there but i mean i've seen the same signal here on tesla men are not printing the exact same uh price action candles but you can see the floor being held at 608 and then spy and the nasdaq holding correlating prints all right and there goes bitcoin so we were selling aggressively at the end of the day i mean at the beginning of this session sorry excuse me and then now we're starting to engulf that that one volume print and it was just ac slater to that one there sharif as we just really um that one specific candle it's a engulfing print just just really covered that whole range which is pretty good and i mean we're talking about a 35 hold on ibit that being said before we send it back to sharif let's take a look at the options chain on ibit to see if any of the open interest metrics or volume metrics have have really changed you're going to see an uptick in uh implied volatility up to 102 but let's head over to this expiration cycle right here i might just be a witching date but 30 67 000 but 62 000 we were talking about this marker holding up by this time by this expiration so let's see if it's going to or not if it breaks and this person capitulates or just decides to dump their position watch out for 30 bucks if it's at 30 bucks i'm going to be looking to grab a little bit more um of this because i offloaded at a higher price why would i not start to buy ten dollars lower and by all means we say this all the time you don't go all in at once you grab a couple percentage points here you grab a couple percentage points there and by that time you've worked your way into a full position months down the road and when things start to turn around that gives you the ability if and when there is going to be some form of exponential move within bitcoin to the top side you're going to be positioned at the price that you want to so don't chase this falling knife just yet or if you are going to start slow
[02:02:08] Speaker 4: and build into it oh oh you're talking about that what celebrity john voight brother so he bought uh the lebaron off john voight but it was spelled differently it was spelled j-o-h-n so it ended up being the desk dentist but the actor actually spelled his name j-o-n and then jerry pointed out that's him in the car and then he kicked jerry out of the out of the car because he pissed him off and then jerry just basically had to fend for himself there that was so good man what chocolate syrup uh does george is george's oh bosco bro that's easy man the whole episode with the atm that's easy pickings right there come on man bosco bosco and then the the mom of i think it was um elaine's boss what was elaine's but mom's uh elaine's boss name mr peterman and his mom was dying and then her secret lover his name was bosco and she screamed his name as her last word right j peterman there we go i hear he's trying get it tt mask man i've only i've only missed two right by the way i searched up george's dad's name and it says it was never disclosed in the sidefeld universe frank casandra actually has a brother named mo referred to as george's uncle mo who passed away at a young age if you're thinking of george's long lost sibling oh george mentions his brother no i think the ai misunderstood me there what are the general rules for investing in ipos that that's actually a really good question man um i don't have a general specific set of rules but what i typically like to follow are companies that were doing very well in the private more sorry i just have to pause here because we're open we're going to hold down here on sugar cup i'm going to hold this into the hall let's take a little bit of a beak wetter there it's not going to give it to me probably let's see if we can get it no it's not going to give it to me so i will be caught in this downhole i have 101s it's going to hold that 126 so that's all right you know it gives me some room let's see if this one pops back up right we give a little bit off the top there we're still holding some shares let's see how sugar cup here i don't even know if that's the name of the company actually actually trades upon resumption um what was the question what are the general uh investing so do you have
[02:04:25] Speaker 5: uh specific rules that you go by i i thought we i thought we would do something pretty fun here sure we're gonna need the chops we're gonna need the chat's help so if i forget an ipo of 2025 and sharif forgets an ipo of 2025 or earlier this year uh please put it in the chat give us a list of some of the ipos but what we're gonna do right now sharif is just go through some of the names right crwv and what am i doing it's just like hey look i know they had steve talman on um uh yesterday talking about waiting multiple years core weave i believe is going to be our best example here okay so if you were to buy the ipo price like when it opened yeah sure enough you're doing really well okay within core weave core weave is an exception look at fig figma absolutely disastrous okay um give me a couple more ipos guys you're not circle yeah circle we're gonna go through that um i need all of you to participate just in case i forget some circle are we below that we're right literally so june of 2025 a year ago today today's the fifth right yes it is a year ago today we are at the exact same price from what we were at in circle okay what's a couple of more cerebris same thing you're way under that now i think that what i do believe is crbs right why yes cbrs why are you gonna fool me cb thanks adair i appreciate you um same thing cerebris below the ipo price so i mean i think that this is anneal and what sean and everybody around here truly believes this is probably a generational ipo in my opinion it is can it react can it act differently absolutely uh we were talking about over subscription how there's going to be more orders than shares the demand through this absolutely seems through the wazoo okay and max news max figma we did that bull and coin we we got through some of those right so i don't know if there's a specific plan but what we say here it doesn't matter what it is is you don't go yellow all at once break it in if you really want to get um uh your your fee 30 start slow and if it really starts to work out you can always add to a
[02:06:41] Speaker 4: winning position that's where i stand okay so with respect to the rules for um for um investing in ipos uh kill gore trout 7464 recommended a book called the life cycle trade so i'm not gonna obviously i don't have time to read that book right now but what i threw in uh into gemini was the life cycle trade give me the rules that this book articulates for as the rules for investing in ipos so here's what it said and you guys gonna have to do your own homework on this lest you know it's obviously it could be hallucinating one of the rules is never buy a day one pop avoid buying the massive opening day surge over 90 percent of ipos eventually trade below their first day highs wait for a minimum of seven week base or minimum seven week base never buy an initial breakout unless the stock has consolidated in a proper ipo base for at least seven weeks within 12 to 16 weeks being optimal confirm the breakout with heavy volume only execute a buy when a stock breaks out past its pivot point on volume that is 40 to 50 percent above its recent daily average never average down on a losing position do not add shares to a falling ipo to a falling phase two ipo as consolidation periods can drag on destructively for six to 18 months keep phase two positions slightly tightly capped sizes slightly capped i mean limit individual breakout trades to a maximum of one to two percent of your overall portfolio to protect your financial and mental capital enforce a strict eight to ten percent stop loss honor your predetermined downside exit point immediately on every trade without exception or hesitation hold winners above the 40 week moving average ride your biggest winners into the massive institutional into the massive institutional advance phase by staying long as long as a stock holds above its 40-week trend line sell entirely when the 40-week trend line snaps exit the position entirely if the stock closes five or more five percent or more below the 40-week moving average on heavy institutional volume only two more here prioritize the charts timeline over corporate fundamentals remember that even excellent companies make terrible investments if you buy them during the wrong life cycle phase and last but not least take a mandatory rest break after a loss step away from the markets for 24 to 48 hours after hitting a stop loss to fully preserve your mental capital and avoid revenge trading i think some of this is not specifically applicable to uh the ipo i have to stop out here as we gap down uh we held the dollar looks like we're ripping right back up that's a bad stop bill for me there as this one is moving right back up i'm talking about sugar cup here sugp they'd hold the dollar now it's going to limit up you little punk back into 118 115 it goes here we're gonna have to keep a close eye on this one by the way if you're wondering where i was reading that from that's from um a suggestion from kill kill gore trail 74 64 he read that he recommended katina man a book called the life cycle trade for anybody who that interests so i want to read that out and uh yeah i hope some people get ah okay this is for you andrew yeah you two uh you two on me in la opening new bar by sofi soon the dime of three of us would wreck rooms that the dog i meant i mean brother train at fortune gym on me
[02:10:31] Speaker 5: oh i like this guy is all this guy man shout out i like this guy man shout out to angry man how do you
[02:10:37] Speaker 4: say that fischella fischella fischella fischella is that one of your boys yeah obviously yes so how do you pronounce it that's why i'm looking over for i always anytime you think there's italian i just look over the katina man can he speak italian katina man no he can't he says he can't yeah fischella what's up my yes uh sorry sia we got caught up there with some super chats we are going to start the news it is 1 11 so why don't we send it up to sia and get things going yeah let's start with our
[02:11:11] Speaker 6: first lulu lululemon has beat q1 estimates on both revenue 2.47 billion dollars versus 2.43 billion dollars and eps at 1.69 cents and versus 1.68 cents but it has lowered its first year and second quarter guidance full-year revenue guidance has been cut to 11 billion dollars between 11 to 11.15 billion dollars from a range of 11.35 billion dollars and 11.50 billion dollars while eps guidance has also been reduced to 10.95 between 10.95 and 11.15 dollars from 12.10 to 12.30 management has also blamed weaker traffic negative media attention that as you know it surrounded founder chip wilson's criticism of the company and the big concern lies in the north american sector comparable sales have fallen five percent marking the fifth consecutive quarter of declines while international sales have risen 22 percent that's all for lulu but before i send it to the guys adara give us your take on lulu
[02:12:15] Speaker 2: more here about this sequential and year-over-year decline here specifically with net revenue and comp sales now if you saw us yesterday during my new segment in the wall in the afternoon that we call to the chart window to the wall i looked at the infographic for this for q4 2025 but as you could see then we had some declines canada though did grow slightly year-over-year for revenue that is no longer the case so us canada america's all down here year-over-year for net revenue and astia was mentioning as we discussed this morning as well lots of strength in other areas of the world so it's interesting too this is a canadian-founded company obviously founded in north america but they're really catching on in other areas right now so now what concerns me is what happens if we start to see a slowdown in the rest of world comp sales and net revenue growth that to me would be the next frontier in terms of as far as areas of concern would go that's my opinion all right let's get
[02:13:08] Speaker 4: right down to work okay so uh they they did okay on the current quarter it was just marginally beat but there is a lot of things to concern ourselves with 410 basis point reductions uh in their gross margins down to 54.2 percent tariffs and markdowns so the tariffs obviously that they they don't control but the markdowns they do and you don't mark down a product if it's selling so right away you feel there's headwinds for sales and this is a company who specifically goes out of their way not to mark down their products that's point number one point number two the girls already mentioned america sales not doing as good as some international china being the standout they continue to grow there thirdly uh away from body this is their new yoga segment that they were trying to get everybody on it was a rare product misstep according to the management they acknowledged that the new look yoga marketing campaign which introduced looser away from the body silhouettes um didn't do well it completely failed to generate expected consumer traction those were the words used on the call and a 37 reduction in operating income and they're blaming that on employee overhead expenses aggressive brand activations and the other one is the proxy fight that they didn't expect obviously from elliott management you've been in a proxy fight or you know anything about proxy fights you got to hire a proxy advisory firm who takes a pretty hefty retainer in addition to lawyers uh you've got to be basically spending up a storm things that you hadn't anticipated in previous quarters last but not least full year revenue guidance reduction so they're guiding now for full year 2026 11 to 11.15 billion if that was to actually manifest it would be a one percent year-over-year sales reduction not something that you really want to be caught involved in typically you're you're growing year-over-year sales not reducing them joey so a bit of a tough look but as you and i've been talking about man anecdotally i go to the store it's rammed whether i go on a wednesday or whether i go on a saturday but you may have something to do with that fact that it's a canadian brand and there's a push to buy canada with the issues and tariffs with the united states there's a lot of that kind of stuff going on on this side of the border um you know some people are even taking that to your advantage have you heard of this maple washing no what is that it's like so basically you try to say that a product is canadian produced in canada or has canadian origins and it doesn't or like has some very loosely held canadian origins only to get that you know buy canadian
[02:15:49] Speaker 5: only buyer to buy your product maple maxing um no sharif you i was literally gonna say that right like here canadian made you're gonna see some uh the stores being busy but then when you go south of the border there's so many brands that are gonna be uh taking that market share from lululemon especially when you're caught in the middle it's like hey things are a little bit too expensive but you're not completely a luxury brand one thing that i always talk about when it comes to retail space is inventories well guess what inventory told 1.7 billion dollars here this year that's up two percent from a dollar perspective okay so what happened shrieve brought up the fact that hey he's not seeing any discounts but you're complaining about margin compression but where are the discounts coming from probably in places that aren't as hot united states all right so when you have a space that's so crowded and you have these new brands and it's an ever so revolving door within the retail space one day you're hot one day you're not it's like you have the aloes of the world the on on who are actually competing with lululemon now it makes it significantly more difficult and you're not getting any serious um discounts here so that's gonna have to be happening in the united states shrieve also mentioned the fact that sales are up 23 and 30 respectively in china so you're gaining a little bit of ground there but you need to tap into the american consumer and you want that to be your best product because what you're selling here in canada isn't going to subsidize from what you're going to miss out in the united states so increase in uh inventory not good for a churn rate especially when the states aren't participating and then your operating margins falling off an absolute cliff from 18 and a half percent down to 11 and a half percent it's not good for the retail space that's why i don't like
[02:17:34] Speaker 4: retail names for the long term great let's go back to see you and talk a little nvidia i think we've been
[02:17:42] Speaker 6: beaten this to death but let's also uh just drive back dive back into nvidia in china again senator elizabeth warren like like i said has invited jensen huang to testify before the senate banking committee on the 11th of june with a focus on nvidia's china business and u.s export controls lawmakers are also increasingly concerned about this they're saying that the advanced ai chips could strengthen china's military and surveillance capabilities placing nvidia directly in the midst of a national security debate nvidia however is arguing from their side that excessive restrictions could also hurt us competitiveness and drive customers towards foreign alternatives with that nvidia is down on the day
[02:18:25] Speaker 2: 5.2 percent adara nvidia so we have beaten the whole china thing to death yeah everyone knows i feel that way but guys it's my favorite senate committee i'm so sad that i'm going to be getting my tooth fixed while this meeting is happening because there are some heavy hitters here in the senate banking committee you've got of course elizabeth warren is going to be of interest now tim scott this is an individual just contextualize this for people who aren't aware he was very much part of the investigate jpao situation here when it came to the fed building but there's also some other people here on note john kennedy he's on the committee he tends to ask some pretty interesting questions you've got also a lot of pro crypto individuals cynthia loomis or cynthia lummis story of wyoming you also got bernie moreno another pro crypto guy so lots of interesting individuals here on this committee i think this hearing will absolutely be of note and i might even be watching it at home from winnipeg while i'm getting my teeth done because this is going to be like must watch tv if you are interested in senate type stuff i think it could be interesting meeting and i'm very curious to see what huang says should he actually testify when he is behind the mic all right so here's what we're talking about for this
[02:19:33] Speaker 4: meeting warren's invitation specifically triggered here by the unsealing of a new department of justice memo or investigation which alleges that multi-million dollar a multi-million dollar illicit pipeline of h-100s and h-200s are making their way into china via a new route this time it's not just singapore or mongolia we're talking about malaysia and thailand as well implicated here so she's expected to press him on that pretty directly also she's pressing him on the fact that he stated his china revenue is near zero she's gonna posit that his china revenue is actually huge and that he controls about 55 share of china's ai accelerator market to challenge his previous statement i don't know what evidence she's gonna tender to support her position let's wait and see also he just came back from a very important trip with president trump where he was meeting behind closed doors with chinese officials she's very much expected to press him on that and she's expected to make this a political issue as well of course how could it not be let's also talk about the fact that she wants to use this little banking committee thing to really press what their people are calling a new federal ai excise tax on data centers to fund health care to fund child care and vocational training obviously it's going to directly threaten some of the margins whether or not nvidia is going to be implicated in this directly or whether it's going to be their customers aka the hyperscalers who actually own the data centers those are the four points that are being speculated on right now that she's going to bring up at the hearing let's wait and see
[02:21:18] Speaker 5: exactly what happens joey all right yeah speaking of china these guys are getting an upgrade uh and a target announced by china renaissance whatever analyst action this may be with 319 price target um all right well as soon as we get rolling we're going to send things off to adair and then we'll hop
[02:21:36] Speaker 2: on to the next story we'll see you sorry for the interruption there guys uh wbd sharply to the downsides reports suggesting that u.s states are preparing a lawsuit to block paramount's acquisition of warner brothers i read this morning that rob bonta ag of california was apparently considering whether or not to act it looks like i'm not seeing which states yet but some u.s states are prepping this lawsuit to block the psky acquisition of wbd and back to you all right what we got
[02:22:06] Speaker 6: yep let's take a look at the next story nasa space x s&p 500 means forcing profit barrier important because s&p global has decided to not change its s&p 500 inclusion requirements and this effectively will effectively will prevent newly public companies like you guessed it as spacex from gaining rapid entry into the benchmark index and despite an expected 1.75 trillion dollar evaluate guess what spacex remains ineligible because it does not meet profitability requirements it it's all thanks to because it posted a 4.94 billion dollar net loss in the year 2025 and this decision reinforces that scale loan is not enough for index inclusion you need sustainable earnings and you need sufficient
[02:22:54] Speaker 4: public loan what do you have to say about this obviously the spacex as a company has been profitable since i think about 10 years it's only you know upon absorbing x and xai that the profitability metrics were brought into question i don't really have anything to say on this good for the smp for sticking to their guns and enforcing the rules whether or not it's elon musk or anybody else i spoke about all the details about the spacex ipo yesterday the things that you need to know you need and you know some of the things that a lot people don't know i'm not going to read it again today because it'd just be redundant you can go listen to it from the new segment yesterday did you have anything to say about
[02:23:29] Speaker 5: no i'm i'm in the exact same boat just because you're a special player and you're going to be one of the hottest ipos that doesn't mean you got to be the rules have to be bent for you i mean i see you made a fantastic point you're operating at a net loss of 4.9 billion in 2025 what do you get you don't meet the profit requirements then it's you're going to have to be patient and wait for it
[02:23:47] Speaker 6: to be included see you yeah next story ai is designing open ai's next model softbank ceo masayoshi son has said that open ai's next model is being designed by ai which is a sign of super intelligence he said that his previous forecast of ai arriving in 10 years was conservative and he expects that it will be here a little bit sooner meanwhile the developer of claude anthropic has warned that the pace of ai development should be slowed down i was wondering when i would be seeing one of these headlines honestly
[02:24:22] Speaker 4: well anthropic has kind of taken that you know cautious approach that's kind of their moat that's what differentiates them you know we uh we're the only people you can trust you know they don't say that overtly obviously but um look i like this obviously we've been seeing a lot more of this model kind of uh what what do you call a self self-improvement from within the models i think this is part and parcel of the new world of ai as we see you know these mythos style uh llms discover legacy uh software glitches or legacy security um issues in some of the old software joey so yeah good good development here i don't necessarily see this as a bad thing it's just about whether or not uh you know we've got
[02:25:03] Speaker 5: the right guardrails yeah i i agree um i mean at the end of the day it's it's going to develop however it is right whatever is going to happen is going to happen um as for sam altman and company we know how his image has slowly been tarnished uh whatever whatever this next model does i think you better hope that it's really we're good he needs to start to get other things involved as well too because he's not meeting some of his revenue requirements and he's missed out on actual uh monthly active users from an increase in a percentage standpoint so same moment i wouldn't say he's in trouble we talk about the constant leapfrog within some of these tools uh he was at the top he's taken a couple of steps back but just because he has that first to market uh a head start compared to some other individuals even though um we've seen google really surpassed them from a monetization standpoint i think if he gets that in order which is unfortunate because it can take away from the use of the tool itself but his job is to gain monthly active users and to gain revenue which he's kind of struggling to do right now even though it's one of the highest used apps from an llm and so bad man it's so bad like i'll throw in
[02:26:16] Speaker 4: instructions i'll have to throw in the instructions 20 times really for example yeah man and i'll even say update your memory to reflect these instructions it'll give me that whole i updated my memory spiel yeah and then it'll just generate the same garbage right after so for example if i want a certain part of the summary to be a certain length i'll say reduce this part of the summary yeah by 25 and do so going forward and please update your memory it'll give me that whole thing like updated here's what i'm going to do next and then three four summaries later it's forgotten it's forgot and it keeps doing the same crap so i ask it i'm like why did you do that even though my instructions like oh because it conflicted with your previous instruct instructions but i'm like okay but i have i'm very specifically gave you new instructions why are you not able to work off those right yeah it's just a it's it's falling behind in terms of quality right and here's the thing yeah you could have accepted this kind of you know recurring problem in 22 in 23 even 24 but are we getting to the point now where this problem needs to be weeded out by chat because this doesn't happen with gemini it doesn't happen with claude right like these are not problems that i have recurring i don't know what it is with chat man
[02:27:36] Speaker 5: it's just it's not there yeah it's not i'm gonna say like so so i agree i agree with you shriek but i don't i don't think you i think you and i are in the same boat we're not going to completely count him out just yet because i still believe we're in the infancy of this stuff you the quicker he gets it right the better right i mean if things aren't well think about how gemini first started off
[02:27:57] Speaker 4: it was pretty much a dog's breakfast they made it that way on purpose joey they were preventing me from summarizing anything that had president trump's name in gemini in gemini yes okay and that's why i stopped using it because so many of the news articles included president trump's name but it refused to mention anything about him that was purposefully done there was an issue within that
[02:28:18] Speaker 5: but but like the bottom line is that there's an issue within the actual tool in itself which they cleaned up so i'm i'm gonna say we'll give altman a little bit more time you don't want to fall too behind in this race okay because the further you get behind the harder it is to play and some people may leave and never come back exactly right so he can fall into that realm but we're not i don't want to count them out just yet but it's not looking good from a tool perspective because i mentioned to us yesterday yeah 900 million monthly active users or i think it's uh users based across the gemini ecosystem ecosystem right and the google ecosystem yeah yeah right that's really tough so we're talking about a 1a and 1b player here within within monthly active users honestly like the same thing don't know
[02:29:01] Speaker 6: what's going on with gemini even today a simple prompt just was i don't use ai that much but i was just putting in a prompt to generate something for me an image joey and i talked about it and it could not do that it was giving me an hdml code today for some reason what are you trying to use uh nano banana no i true i did i tried it it's just glitching it's not working i don't know what's going on easy
[02:29:22] Speaker 5: it treats you pretty good um as of late it hasn't but i i got it as of late it hasn't yeah yeah it hasn't been performing how i want it to um but what i did is i got it to generate something that's
[02:29:32] Speaker 4: repeatable so i don't have to rely on it all that's smart yeah that's the problem getting that same repeat that's the thing right it doesn't it doesn't mathematical prediction that's why it doesn't
[02:29:44] Speaker 5: give it so if i give it a specific prompt like do the exact same thing that you did before it struggles with it i think with nano it's more or less image generation in those cool little videos that remember you were messing around with right yeah uh from a coding standpoint i'd i never really liked gemini
[02:30:00] Speaker 4: i respect that yeah yeah i i i made i used gemini to make this risk calculator here by the way guys like this is a gemini one right here but uh you know i i actually threw in this app as a scene if we can show the screen i threw in this app here and i said i said to chat make a better app than this and it made one but it wasn't necessarily better so it was like okay and i left it um all right let's talk a little uh i think we're talking a little ram see ya yeah for sure let's dive right into it let's
[02:30:30] Speaker 6: talk about ibit bitcoin loss losing its narrative bitcoin is under pressure we did cover that a little bit today in the morning capital is rotating main reason towards ai semi-conductors and other higher momentum trade spot bitcoin ets have now seen 13 consecutive days of net outflows outflows assets are falling uh from 107.8 billion dollars to 82.8 billion dollars which removes a major source of demand sentiment has also weakened further strategy that's mstr has disclosed the sale of 32 btc in its first bitcoin sales since the year 2022 this amount was immaterial but it also challenged the markets never sell kind of narrative uh this move has also helped trigger roughly 594 million dollars in crypto long liquidations which has accelerated a certain downside momentum and regulatory catalysts have also faded all because of the expectations for near-term crypto legislation that has uh the progress of which has cooled currently ibit on the downside a little bit towards five percent 13 consecutive
[02:31:37] Speaker 4: days of net etf outflow spot etf outflows 13. now michael saylor took to x yesterday trying to explain away the reduction in bitcoin saying look there's 400 billion dollars being invested into ai within the next six months his opinion is that that money is funneling out of bitcoin to finance that whether it's money being flown into equities or money being taken out to actually fund it directly that's his opinion right so you can believe him if you want but the fact of the matter is the bleed is hyper concentrated what am i talking about of the 4.4 billion dollars that's come out of the spot etfs as of late 3.3 billion of that 4.4 is coming out from one source and one source only i'll give you guys one guess ibit so hyper concentrated into that specific name secondly we spoke about this in the morning when you look at the chicago mercantile exchange the cme and you look at the open interest bitcoin futures plummeted to 97 935 btc that's the open interest that is the lowest institutional volume recorded in two and a half years and what some people say confirms is that the macro hedge funds are actively dismantling their basic kind of trade arbitrage arbitrage positions so something to think about there and then of the 1.8 billion dollars in force liquidations that took place in one single day 1.35 billion dollars came from what they're saying are long over extended positions so again margin leverage featuring again into bitcoin's price volatility joey it works well on the way up but it works equally as well maybe not so well if you're along right absolutely on the way down listen i agree with what michael sayler
[02:33:41] Speaker 5: has to say um i mean what up where is like you're sitting on the sidelines and you're watching some of these other stocks never mind what it has to fund but from the average investor including myself who's just like okay we're seeing the memory names just go on these big time runs you're seeing this ai build out uh and and you start following that money none of it's going to go into bitcoin even the individuals and the companies who are mining this stuff are like there's this isn't working right now so we're gonna pull the shoot on it and then we're gonna find something else that has been working and that's this ai trade the crypto space is not hot right now um regardless if it's capex or whoever's spending whatever it is it's just not hot and it's the same thing you see a rotation from what is hot and out of what's not and i think that's where we stand in this bitcoin uh um scenario guys like for me it's just why am i going to hold on to this dead money when you have the nasdaq putting in all-time highs day after day the smp putting in all-time highs day after day and you're 40 off of the off of the highs in crypto in bitcoin like what am i going to do why am i sitting in this dead money when i can go potentially wait for a pullback whether it be five or ten percent in the nasdaq names and buy some of that with a better opportunity for some appreciation than what we're seeing i don't hate bitcoin i told you guys full disclosure i have drastically reduced my position does that mean that i'm not going to get back into the what i had from before absolutely not nothing is concrete let me ask a question i'm not going to sit in this dead asset right now when there's other things moving and i can sit on cash
[02:35:17] Speaker 4: and you have hot ipos coming out so my question to you is you're not excluding adding bitcoin to the
[02:35:25] Speaker 5: portfolio going forward no it's still up there in my largest yeah the largest set so let me let me set
[02:35:32] Speaker 4: up the question yeah so if bitcoin is pulling in these into these areas we haven't been in a minute right why are you not and i'm not putting any pressure on you but i'm not doing it either just so that you know i'm not sounding hypocritical yeah why are you not taking advantage of the down move to add into your position because that's what sailor was saying sailor's like yo sure their money was rotating out i admit the money's rotating out but now could be a great time to buy i'm just playing devil's advocate
[02:36:02] Speaker 5: no and i agree i it is but what i believe is that there's going to be more downside okay so what there's more downside i have the dry powder i sold at higher prices i could buy back some today and i'd be getting it at a better price than what i sold last week or earlier in the week before you're going to wait for the chart to flip then i'm going to wait i need to see something that says hey we're ready to turn around i'm okay with buying a little high and then selling higher that's the objective on this one listen i got you we're kicking bitcoin when it's down next year we can be having a total conversation which we typically do with some of these names during the tariff tantrum sky is falling sky is falling months later what happened what happened sky is falling in the crypto space sky is falling a year a year and a half from now what happened we're we're we're we're we're we're we're ready to go on the deep sea craze exactly what where what are we talking about now i wouldn't be surprised if that scenario happened but again reducing on the way down i mentioned that we can buy it back at a cheaper price than what it was yesterday i'm not going to jump the gun too quick we need to see a sentiment shift within the whole space in order for me to get involved once again i'm already i've still i still have exposure let's yeah let's make i want to make my position
[02:37:15] Speaker 4: very clear like i'm going to be adding on the way down into technical levels and i put the orders out there so that they can trigger whether i'm asleep whether i'm at work and the beautiful part about that is the emotional part the the subjective part is removed entirely throw the orders out at what you believe to be key technical levels allow them to trigger and set and forget sort of speak i do that for all all my long term all my swings this is something that you know i i had trouble with because emotional side of it when you come in the moment when it's red six seven percent you start should
[02:37:54] Speaker 5: i really be buying this you know what i mean remove that component and i think the question truly needs to be asked sharif and i thought the narrative was going to change when you had ibic come onto the market when you had the actual underlying asset being optionable that's a huge factor why because you can hedge against downside now what i've heard on multiple occasions is that even including myself you you would think that some of the volatility would step out of the asset just due to the fact of the hedging aspect of things that's not the case you're down 50 percent off of the all-time highs a lot of wall street is like why would i put my money into this bs if there's a potential of a 75 to a 50 to 75 percent
[02:38:38] Speaker 4: pullback yeah right you see you're absolutely right i mean i mean they're if that that's what they're thinking if that's when their bias is they're going to wait for that 37 40 000 to come in before they punch exactly and that's why resistance sorry that's why support levels end up being support levels it's not some willy-nilly reason there's buyers down there because they're earmarking exactly exactly and
[02:38:59] Speaker 5: like think about it there's nothing great there's actual tailwinds for the space right now for it to climb higher the clarity act genius act and the fact that it's on the public markets now and it's sliding do you see if that exact so if google and apple happen to fall down 50 percent there's probably something much bigger from an economic standpoint happening the fact that there's positive tailwinds under it and you're selling it's like why would you actually kind of get involved with that that's actually a good point you know what i you know what i mean there it's like oh you should be going up but you're going down but you're going down and if that were to happen in some of the hyperscalers or these mega cap names you're down 50 there's actually something much bigger going on in my
[02:39:40] Speaker 4: opinion from a macroeconomic standpoint on a hyperscaler right it's not hitting the fan shout out to dave 10 super chat thank you very much dave condolences to everyone's long-term account that's crazy it quote feels ram ram like the cues found its bottom for the day so maybe a little relief the next two and a half hours i wouldn't be i wouldn't be upset with that yeah there there's a little photo shoot over here assassino let's uh let's show what's going on over here as ram ram is there and i want to expose ram ram there she is that's her right there right there and that's that katina man right over there uh there's a little photo shoot going on yeah i'm trying to be a part of the photo what's going on girl that's a little close huh yeah you're too close man i'm sure you're going oh whoa ram ram bro all right hold on all right let's see we got all we got we got we got here we're gonna be oh nicole harris or as you call her father all right if bitcoin is following its code
[02:40:42] Speaker 5: it's in a bear cycle until 2027 my question does this change mara and riot they entered the data
[02:40:49] Speaker 4: exactly it and that's why they've been moving up nicole and that's why they've been was until recently they were bucking the bitcoin trend we would see riot clean spark cut mara who else man there's more digital all ripping on days where bitcoin was red simply because that they were throwing their hat into a ring that they may know data centers now they obviously were not using the same type of chips nor did they need the same type of equipment but you know there is some synergies there that are overlapping exactly so uh yeah that's a great question i think you know if they do actually get some customers perhaps they don't have the latest and the greatest or as much as the hyperscalers have but they could be able to get you know some mid-cap small cap clients like uh atemu core weave for example you know who knows shout out to mopar thank you nicole by the way for the super chat um mopar for life 199 just need trump to say buy the dip and we're off he's done it before we're down five percent he may do it again what i know i know i think he's talking about bitcoin maybe because we're talking about bitcoin i have no idea but yeah shout out to nicole all right and shout out to mopar and
[02:42:01] Speaker 6: shout out to see you thank you thank you let's move on to our next story DRAM's ai memory demand so sk hynix has told investors that it has received a tremendously positive feedback regarding its planned u.s listing which could raise up to 14 billion dollars and broaden the access to u.s institutional investors the company has also been one of the biggest beneficiaries of the ai infrastructure boom shares have roughly been booming 250 percent this year and market cap has surpassed one trillion dollars recently management is continuing to see a favorable pricing environment for high bandwidth memory chips which is the hbm more commonly known as that which are critical components in the ai accelerator supply to customers such as nvidia but sk hynix also expects a strong demand from nvidia's upcoming vera ruben platform i remember talking about this on the show a month or so ago to tighten the broader uh memory supply into going into the year 2027. this is it assassino this is sk hynix okay
[02:43:07] Speaker 4: it's zero zero zero zero six six zero because we know the the the uh asian markets use numbers so this is the chart i mean this thing is rip rip city now it's had a tough week obviously with all of tech getting hit as well but this still has higher lows in the prior bar so sk hynix i was talking to the katina man about this this morning they are actually 1.4 trillion dollar market cap right there yeah it's a big one katina man 1.482.420.888 you guys get it the point is it's a hell of a company uh samsung included some of these south korean companies are giants that we don't necessarily have listed in north american markets but they are what they are uh management continues to see available pricing environment for hbm critical components of course as cia mentioned we also expect strong demand from nvidia's upcoming uh chipset that is going to be basically into 2027 so they're they're doing about a one two year uh one to two year window but i think this is speaking more to the change joey in the uh sort of the ram business the memory business here yeah where before it would be boom and bust right you'd have a lot of inventory and not that much demand and then it would be the other way around and you would have that kind of these peaks and troughs in demand i think that that's balancing out at least for the next say three years i would think yeah i would agree
[02:44:44] Speaker 5: just because of the super cycle that we're in from a cabex standpoint and just the the complete need for compute at the end of the day there you go so i mean like there's not enough of this stuff and you're going to see that trickle down effect and it's falling into the sk hynex the microns and the sand disks of the world and that's why you're seeing these insane moves what i also wanted to bring to us here is that uh we talk about dram the etf well there's another one that's coming out which isn't as heavily weighted as what dram is it's a high bandwidth memory hbmx there i heard a potential one there with so dram has 15 stocks and micron being 29 of that weight this hbmx holds 23 stocks with dram at less than half that 9.14 so i mean there it is some more etfs being launched is the space going to get too flat i don't think so but expect things to cool down a little bit and then continue on this run because what shereef mentioned three-year outlook i think that we have plenty of more time to go and just this we're such in the earlier stages of this build out and if you need if they continuously need more and more compute and zuck happens to get his things together uh and google's gemini just continues to explode and people are making videos using all of all their tokens you need more token more compute it's just so it's a really strong revolving uh door and cycle that i think uh can go endlessly at some point man just more and more use of these ai tools i think people are implementing in their day to day yeah i would have to agree with that see you let's talk iot very
[02:46:18] Speaker 6: strong well strong quarter samsara has delivered a strong fiscal q1 beating both on revenue and on earnings while also raising its full year guidance its revenue has increased from 31 percent to 478.8 million dollars versus 455.2 million dollars which was expected while adjusted eps has come in at 17 cents versus 13 cents expected annual recurring revenue has increased 30 percent to 1.99 billion dollars which is slightly ahead of expectations also reinforcing a continued enterprise demand management has also raised its full uh year guidance to 2.005 billion dollars to 2.013 billion dollars in revenue and 70 cents to 72 cents in eps um with that iot on the upside but currently trading flat let's quickly go to adara
[02:47:11] Speaker 2: see what she has to say i'm seeing some comments here from president trump now i looked into this i'm not sure quite where he is speaking gilson didn't post this on truth social but he said that he will be leaving the decision to cut rates up to kevin war she says he would like to see lower interest rates and quote i will leave the rate cut to wars during the october meeting so he's basically saying hey kevin wars you can make your own decisions but also make that decision in october so if i get any other comments or details i'll let you know but a pretty pointed message here from president trump he also is just now saying quote wouldn't mind if wars lowered the interest rate
[02:47:48] Speaker 4: back to you we we know kevin is the uh fomc there chair donald thank you very much president trump for letting us know that he's going to be the decision mayor it's actually the committee of course but all right iot let's get down to work 30 million dollar legal windfall so everybody and their mother was talking about you know the full year gap eps profitability well 30 million dollars of that is a one-line item that's not going to reoccur that they made uh from winning a lawsuit also 200 basis point contraction and margins as a result of elevated data hosting costs and hard hardware supply inputs that are required of course for its ai operational tools something to think about there also the ai data data center boom management introduced a surprising new structural growth thesis reads this article explicitly tying their long-term growth pipeline to the build-out of physical ai data centers i guess that's a way for them to justify all their money they're spending to their shareholders uh and why that that's important for their company if they tie that in to their future growth then you know likely to be um what's it called better received sort of speak by the shareholders as well as the board iot joey by by the way i think samsara in arabic it means like middleman or brokerage or something like that they are pretty much yeah right you know what i mean because i knew that's that's an arabic word right i just don't know who's buying this company yeah i don't i don't really like again they're
[02:49:14] Speaker 5: the middle man like they're building some digital infrastructure or something along that all of this but i find that the ceo stated something very interesting um so the ai data center build out and grid modernization will be roughly require 106 trillion dollars in investment by 2024 that's so like i mean 106 trillion dollars i can't even it's a lot to uh to kind of just really digest but nonetheless nearly two billion dollars in annual recurring revenue up 30 percent year over year 101 million in new net annual recurring revenue up 30 percent year over year so i mean what i'm getting at here essentially is you're seeing some strong growth within the company is it performing that well some analysts putting price targets at 40 dollars we're trading around 35 right now we don't really talk about samsara too much and too often nor do i know from top to bottom really about the company but when you see growth like that and you're talking about the trickle down effect 106 trillion dollars by 2040 is quite a bit of cash being spent on this money on this whole thing this stuff over here yeah you ever see those money guns yeah i wish done did you ever use one i've never used one would you use one would i use it with fake money right but let's say you won um the powerball would you put like a thousand around i'm not that kind of
[02:50:38] Speaker 4: guy that would go into the club and start going like that that would definitely not be me if you
[02:50:42] Speaker 5: don't know how much money if um um if you won the powerball you wouldn't tell anybody but there would be signs but bro they they put your name all over that bad boy and then your face and stuff did you see
[02:50:52] Speaker 4: the guy who wore a mask that when he won the big lottery wore a mask because he didn't want his family
[02:50:57] Speaker 5: asking him for loans yeah i would probably do the exact same thing oh man yeah i do is i i win the powerball as i get my grandma to sign the ticket oh yeah i don't own anything why so i don't know are there any creditors after joseph no no no no creditors after me man you just got to be forward
[02:51:14] Speaker 4: looking oh this guy's two steps ahead we're all playing behind shout out to uh shout out to your boy
[02:51:21] Speaker 5: who's that soccer player who put all his assets in his mom's name yeah yeah how to learn from the best
[02:51:27] Speaker 4: yeah he he he got away with that one yeah did he though he was forward in north america it would be okay so there's in north america there's there's common law and there's equity yeah common law can say one thing but the judge can look through that and say no that's inequitable right yeah and so he can kind of reverse the transaction yeah it's called tracing man yeah it's interesting there's no real doing you can't hide you can i just you gotta have a really good lawyer i think right yeah but anyway let's throw back to see and talk some peel
[02:51:59] Speaker 6: a beat both on uh top and bottom lines but there's a still trading lower stick around to the end to find out why planet labs has reported a beat on both lines posting a 0.03 per share loss versus expectations for a 0.04 per share loss revenues come in at 94.2 million dollars versus estimate of 89.9 million rpos have increased 81 percent year over year it's a good thing to 816 million dollars backlog also has shot up 72 percent to over 906 million dollars management has also raised first year 2027 revenue guidance to the range of 425 million dollars to 441 million dollars which is well above the analysts were expecting and the company is benefiting from three things a growing demand for satellite imagery uh defense intelligence and also the ai driven geospatial analysis analytics sorry but why are the shares trading lower well the report is strong but investors are appearing to take these profits following the rally currently pl down 25 percent
[02:53:09] Speaker 4: yeah that's a bad one sia 25 that's a big one okay let's talk about the fact that the media is touting this only three penny gap loss non-gap loss sorry non-gap loss of three pennies let's look at their gap loss though a hundred and basically 140 million dollars is what they lost okay so that's uh obviously that's the difference between gap and non-gap so that's one thing to look at there and then they have apparently 730.8 million dollars in free cash they didn't mention though that about 108 million dollars of that came from the mandatory public warrant redemption uh in the quarter and that's going to be a one line off item and then they were pounding the table on their 81 percent spike in rpos up to 816 million dollars in remaining performance obligations what they didn't mention though as of that 816 they only uh they only anticipate of recognizing 35 percent of that 816 million dollar backlog over the next year so things could change a lot there could be less uh remaining performance obligations because there's less demand 12 months from now perhaps there's some sort of technological change perhaps they don't do very well and people go to other companies so those are the three points that i want to make i think maybe that's probably why we're selling off that aggressively yeah it makes it makes a lot of
[02:54:30] Speaker 5: sense there sharif i mean 35 percent to the downside this week alone uh just to add to sharif's point backlog grew 72 percent to over 900 million but they forgot to leave you forgot to read the fine print within that uh increased sales by 42 percent and net dollar retention around 114 percent that dollar i mean at the end of the day it's still generating positive cash flow from operations what's the company that uh amazon's in bed with that apple owns 20 percent global star global star right so do you think a lot of this could fall into the realm that gstat is missing um deliveries into orbit i guess we can say it like they really didn't hit the amount of satellites that they were supposed to get out there um compared to the quota and the outlook so they were like 20 to 30 percent of what they were actually were behind in a backlog from sending these suits you're saying yeah in planet lab so it's like hey maybe they're starting to fall a little bit behind from actual getting their material out there i don't know uh necessarily what's happening in that in scenario and within that specific scenario but maybe that
[02:55:34] Speaker 4: could be something along those lines all right we uh we got to go up to the big desk because president
[02:55:39] Speaker 2: trump he's speaking again he's talking a lot about oil and ai of course two things that we can trade here so we're definitely going to talk about it let's talk here about us a little bit of a move here president trump just said quote there's more oil coming to the world than people know so unclear exactly what the implications of that comment are going to be he also did say that people expected the oil barrels to cost more so he's actually saying it's less expensive than people thought it would be um also say yeah further here again a lot of oil is coming into our country that's also being said here saying furthermore that uh on ai that all major ai companies are heading to the white house possibly next week when he was asked what this would entail people asked anthropic open ai he just said all the major ones so if there's a major ai company i know spacex i believe was mentioned as well so if there's a large ai company it could be i guess visiting the white house next week if i get more details i will let
[02:56:32] Speaker 4: you know back to you yeah so that's exactly the one that was trying to explain to you look at the his look at his back though his rhomboids yeah his terrorist major his minor his trapezius everything's activating on that move yeah it's crazy right um yeah this is really interesting obviously i want to see exactly who's going to be making it over the white house whether it's going to be the top level brass are we talking about ceos are we talking about cfos who's going to be going because it's going to be a major event for us obviously when you have all the the ai brass at the white house i'm anticipating some sort of announcement i'm anticipating some sort of policy change let's see what happens with that and while we wait for that hold on who you think gets left out because
[02:57:11] Speaker 5: there's always someone there's always someone who's like you that should be there that isn't there
[02:57:16] Speaker 4: well that's gonna be an interesting one there joey uh maybe maybe your boy dario you think so well he's he's him and uh him and the uh the pentagon they haven't resolved their differences quite yet even though we've been hearing a lot of the fact that u.s government is still using anthropics models internally despite that whole fallout who do you think doesn't come oh that's a great question
[02:57:39] Speaker 5: yeah i think i think the biggest shocker would be if if sam wasn't there no sam's gonna go sam's gonna be but i think that would be the big like that's the thing you think he's gonna be a brown
[02:57:48] Speaker 4: noser bro he'll be there immediately a brown nose oh 100 sam's a brown noser funny absolutely all
[02:57:55] Speaker 6: right see what do you got might be our last story we are running a bit out of time but we're going to talk about service titan service titan has delivered a strong quarter reporting adjusted eps of 37 cents versus the expectations of 28 sorry yeah of 28 cents while revenue has grown 25 year over year to 268.8 million dollars ahead of estimates management has raised first year revenue guidance to uh 1.13 billion to 1.14 billion dollars up from 1.11 billion to 1.12 billion q2 revenue guidance of 284 million to 286 million ahead of consensus uh expectations company is in a gap unprofitable but losses have narrowed from a year ago this has improved operating leverage stock has gained more than 30 percent this year alone and ttan is currently up almost three percent we're going to take a quick pause and go there there she is breaking news for you fannie mae and freddie mac on watch sean i know you're
[02:58:52] Speaker 2: watching this one president trump was asked about fnma and freddie mac saying that with bill pulte who of course leads these agencies given that he's now going to also be acting national intelligence director will that change the ipo trajectory for fannie mae and freddie mac president trump said that he still thinks that they will ipo he's not in any rush for the ipo to happen that a lot of people have offered him a lot of money for fannie mae and freddie mac in his first term and that they're worth even more now so fnma getting a spike here as president trump talks up a potential ipo and says they're in no rush
[02:59:22] Speaker 4: to have that ipo occur back to you yeah pardon me yeah so uh president trump also said big billy p is not going to be at the helm uh for uh much longer he's a temporary big billy p bill pulled it i have to katina man um so titan do you have any comments on this one because i i personally i don't even really
[02:59:44] Speaker 5: know too much about the company i'm not yeah i don't know too much about service titan all right hold on man we'll give him a second we'll let neil sit down here we're gonna let him sit down yeah well he doesn't need to sit down he's okay he's giving him a hard time what fun would it be uh if everything was such a breeze should we remind everybody who's going to be on shortly or what yeah actually absolutely do that service titan um crapping the bed with the rest of the market uh yeah straight please because it was your hard due diligence and your kind words that essentially
[03:00:14] Speaker 4: got the job done hopefully within the next uh half an hour to an hour we are going to be very excited to welcome yeah eric jackson uh and adara is going to be interviewing him we're very excited to have him on open door army if you're there send your questions to the big boys send your questions to joey and i to sia to adara uh tag us in the chat we'll we'll throw them his way as well get kind of an idea of how he feels about things and it's not just the open door trade he's obviously invested in others he's got a hedge fund so uh throw your questions we're very excited to have money should be here in the office within the hours so very pumped about that joe yeah are these guys
[03:00:58] Speaker 5: ready yet there's a little technical difficulties they're not ready they're not ready no you know what i think you remember whatever katina man yeah he's ready last time yeah he's ready so you don't have to be get ready he's breathing see the thing is like last time katina man i was like hey man you do know that you had like three hours to just get your mic sorted and oh oh oh oh bro you don't give suggestions to the big boys i know i i don't know if i apologize katina man is not going to accept that kind of thing i know all right no we're having a good
[03:01:33] Speaker 4: time uh i believe neil is just getting set up at the big board there should we spell you katina man you good to go or yeah neil's gonna go to the big no i mean well we can put the script we can put the camera on ram ram and she's grandma ram ram loves to be on camera you know about that right
[03:01:51] Speaker 5: man man are you kidding that's all we get kind of flashes that's all we get assesino
[03:01:55] Speaker 4: tiffany take over the sticks there you go ram ram yay all right all right having a good time i hope everybody has a fantastic weekend uh it's gonna rain tomorrow in toronto but sunday should be good
[03:02:07] Speaker 5: so bro why do you gotta be like that man i've been waiting literally i have my yeah hold on man let me finish me yeah because listen i have all my no stop stop stop let me finish here bro okay i have all of my plans all of my uh summer events planned out yes right okay uh and it starts with due west fest right i don't need to hear that it's gonna rain on
[03:02:28] Speaker 4: it so okay it's gonna be fine joe don't go don't bring an umbrella go out have fun there's not gonna be any rain like here joey joey joey joey i know we're doing it it's supposed to happen in the morning it's not it's not even this is to 8 a.m so it's not gonna it's not gonna rain yeah that's 8 a.m right
[03:02:44] Speaker 5: there man look oh yeah yeah my boy that's that's not gonna get there trust me what kind of bootleg app is i'm a veteran i'm a veteran of the radar i know when it's when it's coming you know what i
[03:02:56] Speaker 4: mean all right we're gonna send you up to neil he's got exit strategy for consistent profits actually sorry we're gonna send you to the katina man first my bad neil it's not an exit strategy about consistent profit later take care hey what's up