What's up you beautiful apes? Welcome back to the channel great to have you back here again we're going to wrap this up into three different segments into one video. Try to make this as uh as uh useful as we possibly can we're gon na start off the video by talking about the overall market. What do we see today right? I've been covering the the nasdaq you know and trying to give you a day-by-day kind of update in a couple different scenarios. What we could possibly see right we're going to talk about that, we're going to talk about amc as well and then obviously i need to address rkt and uh what the heck happened there.

So uh we're gon na try and pack as much information here as we can. What is up, everybody welcome to trace trades. We have technical analysis and different stocks in the stock market, as well as potential buy holders, sell opinions on these. Given stocks like your profits by saying that i'm not a financial advisor nor expert so take when i say the grain of salt, let's get into the video here, we go we're starting off here with the nasdaq.

This is what i have pulled up here. Right now. Sorry i just bought my i just bought my camera uh anywho we've got the nasdaq pulled up and these are daily candles, which means that each one of these candles represents an entire day of price action, and you know we had a couple different things pop up Here this is gon na, be my third video talking about this market correction that we've been seeing right now and what i have drawn up here are levels of uh support, which we would anticipate testing uh with a 38 retracement and a 50 retracement from the bottom Of this run-up now, why would i pick that number? Why would i pick 50? Well, that is because in previous retracements right corrections in the market. This is about the number that we've seen come up in the past, so we're actually going to lower this.

Just a hair, so we get that absolute bottom candle. You can see here that we've got these lined up pretty dang. Well, so i actually did move up that 50 just a hair, because that is where we have some levels of support appearing, but you could take either one of these numbers right. It's a difference of about 100 points on the nasdaq, so we were down quite a bit today.

It was a large red day for the nasdaq. We ended up down about almost three percent. A lot of stocks got slammed uh during the regular market hours. I mean if we look at uh a good example would be microvision, which is my number one stock that i absolutely love.

I've got nothing but good things to say about this stock at all times. This is what i believe is going to be my absolute killer. My portfolio after the next one, two three four years - this took a beat down today. So if we look at this on the one minute chart right, look at this on a daily chart, we opened the date pretty good.

It wasn't one of those days. We had an initial sell-off. In fact, we started the pre-market very, very bullish and ended up bleeding for the entire day right, and this was not just mbis. We saw this with a lot of stocks since sonics synthonics is another example of this right.

We started the day actually up in the free market right we had a small gap up right at 4am, reached all the way up to 3.52 cents and then bled the rest of the day. Another one of my favorite stocks, agtc right, started the day out pretty well bled the entire freaking day, almost no volume coming out of this as well. So you guys get the point here right. The market was getting smoked and it was very unusual compared to that.

Last huge red candle that we saw so if we just come back out here and take another peek at this uh, you can see that this previous candle, we actually uh. You know this huge bleed session, we gap down on the pre market. So if we just take a look here, you can see that uh. You know this top of this candle down.

We gapped down right. I remember that day it was 4 am and everything took it slammed like. I was. I was watching whammy that day anyway, i mean drop like 15, just like that off of no volume, so uh it's a much different scenario.

Here it was a slow bleed throughout the entire day. You can see the top of this little wick right here. It's similar to this, this candle right, where i have my mouse over where we started the day, pretty decent it just kept bleeding. I mean, there's almost a non-existent wick on the bottom here, so no price rejection at all.

That's just a straight-up break of this ascending level of support, and that was a that was a bearish date right. So i said that we have two different situations here: two different scenarios: either a we respect and continue to ride this descending level of support right. You can see this green candle right here. We had another red candle come and test it closed beneath, but i want to see a candle open and close below that to say that we've officially broken that trend, and now we have right.

So this is a continuation. This is the second possibility which i talked about, which is a continuation of this correction. Now we're going to be watching for if we just delete this uh, this quick um as i was fibonacci retracement right. We've got this level of resist uh for support right here.

Right, eight, at 12 - ninety cents. Now you can, you know, plus or minus, about a hundred dollars off of this, but this is where i'm, anticipating we're gon na see the end of this market correction right. This is based off of trends in the past. There's no way to know for sure right, but if we look at previous retracements you can get a pretty good idea of what we've had.

In fact, this retracement was a very nice one. It only retraced about 38 or so, not even so. Less than 30 of this previous retracement, and that was uh recovering off of the covid. You know situation.

If we look at this retracement when we see, i would anticipate it's about 50, so we're just going to draw this up 50 smack on the nose. So i mean, if it mimics this retracement, that's what you're going to be looking at now, what could be causing this this market retracement? What could that possibly be right? Well, we've got a couple different things here: we've got what has been rumored to be a technology bubble right, so a lot of tech stock companies have been getting just they've been going to town they've been pounding. You've got this. The tech companies right the green energy companies, the electric vehicle companies, all these things are kind of atypical.

Compared to your your tried and true safe place like a jp morgan or you know your mortgage companies, your banks and we're transitioning and there's this move over to money to new companies. We also have younger investors that are starting to step into this retail investors. Millennials people, my age between 18 and 30 years old with new people comes more money right. You've got more liquidity being pumped into the market, so i would say: yes, there was a small bubble right things were overvalued and i don't think anybody's going to deny that.

But the over evaluation is coming from the prospect of future uh future. You know, i would say, evaluations, evaluations, so tesla's a good example of this. If you look at tesla, you can see that tesla at one point you know, was a much cheaper company. Obviously this is a money maker right here.

Tesla would have printed you straight hundred dollar bills for a long time. If you 170 bucks, you were up over 1 000 on tesla right and if you look at their uh their price to earnings ratio right, it's astronomical. It's insane and compared to you know other stocks. It doesn't make sense what you're investing with tesla is the potential for growth right, keep it.

On the back of your mind, when we look at the nasdaq, we're gon na come back here to the nasdaq and just take a quick peek at what's going on, you can see that uh. This is a. This is an example right you're, seeing the nasdaq kind of reflect on these other tech companies that are just getting smoked right now. So, like.

Let's look at exxon, exxon is an example. This is an innovator and a technology based company. You look at their daily candles. They've been getting crushed, they've got this double test.

Honestly, this almost mirrors the nasdaq to a t. This is a perfect example of a stock that has been getting crushed along with these technology plays right. Doesn't this mean that technology plays are dead? No, i do not think so in the least bit, and i think that kathy wood and arkan vest would tell you the exact same thing, which is why they invest in these companies. I think that they're taking a pullback and a correction, this is affecting the entire market as a whole, because when you see a lot of stocks start to pull back start to correct a little bit, you get people that freak out they step out of their place.

Right they they change their momentum and this sit on liquidity instead, and you know, there's not necessarily anything wrong with that. That's personally not what i'm doing i'm going to keep adding to my long-term stocks such as microvision, so such as synsonics agtc, xone right, because i think they're going to be good plays for the long term right so take that for what it is. That's what we're watching right now! This covered a lot of price action. Almost a three percent loss on the day, a little bit less than this previous huge red candle, which is about three and a half, but that three and a half percent loss, at least in the stocks that we've covered here on the channel equated to between 15.

To 20 losses right, it was, it was a terrible day. We saw that across the board with a lot of different stocks. So if we look at uh, you know sensonics they're still down in the after hours right now, but we look at them on the monthly chart. You can see how bad they've been bleeding because of this crazy sell-off.

That's been happening in the in the nasdaq right. So um this is this is just a perfect example. Does this mean that that sensonics is dead? No, does this mean that i'm red on sensonics? Yes, it does right. So that's what we're sitting at right now and i don't personally go short on stocks.

I don't. I don't do put options on stocks. I don't. I don't believe in that.

I think it's riskier than going along on the market, because you know, historically speaking, stocks go way. They go. They get along for a lot longer than they go short. So unless you really know what you're doing, which not to say that i don't um, unless you really know what you're doing there's risk involved, and i don't like the idea of devaluing a company in order to value myself right, i don't like a transferring of liquidity From a company's to me, especially if i believe in what they're doing that doesn't make sense to me, the only reason i'll tell you what we're having on ipos that'll be the first stock that i ever short my entire life but uh, i'm just i'm just not Gon na do it i'm a bullish investor.

I don't like shorting stocks, that's not my personal preference. I would say that i'm 70, you know long term investing in 30 swing trading and with my long-term investments, i'm just going to keep adding to the slice of the pie. If you were worried right now right, what can you do if you don't want to wait out and see if we retest this 50 retracement, you can take a little bit off the top if you're, profitable right and then when it reaches its bottom and starts to Correct in a good way, we get a couple straight days of upward trajectory. You can reinvest your money right, but the downside to that is you may mistime it right.

You might miss out on some potential gains. So there's there's two flips of the coin. You can you can you can do either way, i don't think one's better than the other. I think that taking a little off the top and then reinvesting at the bottom, you know you're not always going to guess the bottom perfectly correct.

So just keep that in the back of your mind, if you do decide to do that, but that is what i'm anticipating now. I do think now that we have broken that ascending level of support. You are pretty likely going to see a uh, maybe a green day, spread out here there. You know we might have a green day tomorrow.

We might have you know a little bit of recovery. I would not be surprised at least bit, however, right i do think we're ultimately going to retrace down to this 50 retracement now that we have a hard break under this left, underneath this level of support at 38.2 percent. So that's my update here on the market number two on the list here: we're gon na look at the amc price action here today and i know that a lot of people are getting really complacent, they're, saying trade. Was that 801 meaningless? Why? Why are you still leading us on here? You need to make an apology, video and tell everybody you're.

Sorry, you duped everybody. You know the whole nine yards here right and my standpoint is the exact same. I think that the best thing that we can do for ourselves, my friends, is not get our expectations set on a specific day for this to moon. I i know i know like every single youtuber out there.

That's covering this right now uncle bruce uh tyler wilson. I'm sure myself max mart right uh all these guys and i finally said your last name right brother. I hope you're watching this um we're all getting asked that and the true answer is nobody can sell you a day. Nobody can tell you a price, don't let don't let anybody convince you of that right, just because we're talking about eight dollars being significant right, that that being the first box to check doesn't mean that, just because we hit that eight bucks, all of a sudden, it's Going to go to 100 200 300 right.

That means it was the first box to check. We got call options to expire in the money, so they could potentially be exercised now. Do we see that happen right? Most people talk about, they need to be exercised or bought. You know sometime between monday and wednesday.

Obviously we did not get a lot of volume today. If you look on the daily chart, look at these candles right. What do we see? We saw really low volume. 54 million in total volume.

However, this does not stress me out, because if we look back here right, what do we see? We see low volume, we see consolidation and we see another huge leg up to me. This is still the exact same technical setup on the chart. We've got a nasty cup and handle set up right now. We've got this huge cup.

We've got the beginning of what could be a pretty solid long handle right. So if you look at this, that's the handle, we had a solid run up to about 1097, and now it's consolidating it's consolidating. Keep that in the back of your mind, my friends, we do not need to stress over consolidation, especially because he looks on a one-month chart right. What are we seeing? I've got the 15 ma pulled up, which is the moving average.

It's a microscopic perspective of price action, 200 dma down here, macroscopic perspective of price action. We've got the 15ma that is trading above the 200dma right now they are hooking in together right, which typically indicates two things a. It could be the sign of a little bit of a slope lead, or b and b right. It could be either one or both simultaneously uh a decreasement in volatility.

Typically, when you have these two indicators, hooking in towards each other, whether the the 15 ma is above or below that 200 ema, that means you're gon na see a little less price action until they hook away once they start hooking away. That can be a prediction of upcoming hard movement right. So i'm not i'm not stressed about this in the least bit. We are a little bit of a downtrend right now, a slight one right, it's very very slight, not nothing! That's concerning me in the least bit, but we are, we are a little bit of a downtrend and what it's going to take is for that volume to come back up now.

What are we looking at that? That could be a concern. Well, we have this gap up in price action. I mentioned this in my previous videos right we've got this unfilled price action. When we gapped up in the pre-market back, i would have been march first, so it's possible now.

They've broken this level of support that we retraced down to 832, it's possible. Is there a huge difference between 848 and 832? Not really, you know, personally. What i'm to do if that happens, is just keep adding my position, which you can see here. I've been doing anyways, i've got 1580 shares at a dollar cost average of 852.

i'll, just dollar cost average down right. So that's that's my personal game plan. That's what i plan on doing so. Take that for what it is.

There are other good things that are pointing in a solid direction here and i've seen a lot of talk about the quadruple witching now. What does this refer to right? We've got 19 march, which has a crap ton of call options. Look at all these - and i don't take this as a date that everything's going to start rocketing right, do not assume that this is not what i'm saying. What is interesting is that we've got a lot of call options here.

We've got call options between two dollars. All the way up to 15 bucks, i would say even 20 - that are unusual options. Trading right. This is not happening from retail investors, primarily and i'll.

Tell you why i know this right. Quadruple witching has been something that just started getting mentioned on reddit now. Think about this. Logically speaking, if this just started getting talked about on reddit, do you really think that there are people out there, retail investors, people like you and me who are looking at this and saying you know what i'm just gon na i'm just gon na buy all these Option contracts for the 19th of march, because i know it's a quadruple witching date and i'm not going to tell anybody, even though i know there's this huge movement going on and i'd want other people to know about it as well.

That's not the case. These are institutional investors they're the tooths baby, the tudes know what's happening here. This is an event that happens about four times a year and you also have ftds failure to delivers now. What does this refer to? Essentially, what you have is a loophole in the market making system.

So let's say that you've got you've got tendy over here. Right tendy says: hey man, you know he's not gon na hedge, he says: hey man, i'd like to purchase 100 shares of amc and he he pays for the whatever that dollar cost. Is the market value right, so the market maker over here, the clearinghouses? They say, yeah man, we got you, but in reality uh they don't send him real shares. They send him ious.

They send him shares that are going to be replaced with actual shares down the road but tindy over here. He doesn't realize that these aren't real shares. They just show up in his account. He just uses their actual shares and what happens is that iou needs to get filled at some point and the clearinghouse doesn't do it.

Tendy over here keeps buying these. These shares he keeps buying, keeps buying sends in the liquidity right. The clearinghouse gets liquidity and they may have the shares they might not have the shares right. It could be a little bit of both.

However, we do know that uh it's possible and there are loopholes for them to push out these. These iou shares and they haven't been paid back right. These shares that they're supposed to send out. Maybe they don't have the collateral for maybe they just haven't, set them out.

For who knows what reasons manipulation you have it right? We know that manipulation happens. I tell you what you search up jim cramer, manipulation on youtube and you'll. Have your mind blown? That's all that i got to say he. He he talks about it straight up because he's lived that life, but anyways these failed to delivers, need to be accounted for and when the day comes, when these need to be accounted for, these guys are going to get screwed if they don't come up with uh.

With the with the collateral chairs and in a good way, so how does this affect things when you create these ious, it shifts the supply and demand. Essentially, what you're doing is creating counterfeit shares shares that don't exist. Let's say that 10d over here he bought 5 000 shares of amc and none of them - and of course this is just a hypothetical, maybe half of them half of them are legitimate shares. Half of them are ious.

What this does is you have 2500 shares that aren't supposed to exist in the market and then the clearinghouse over here either. A has 2 500 shares that he's supposed to give to tendy or b he. He doesn't have these right and that's he's missing the collateral either way the supply is increased, which creates this false selling pressure. It pushes down that demand.

You can think about it like this right. So if we've got two lines, you've got a supply line like this and you've got a demand line like this, and i saw this for a different video, so take this for what it is. So we'll call this supply we'll call this demand right. So you have this shift right.

You create all these fake shares. We're gon na call this supply. What you're doing is you're you're increasing the supply? It's moving to the right now. What happens when you create you keep increasing the supply right to meet that same divergence.

Right for whatever the amount of shares are, let's just say that this is uh. You know a thousand, that's where the divergence meets on that demand. The demand increases or decreases, as i was as long as you keep moving that shift in supply supply keeps increasing. Demand goes down, supply goes down, demand goes up right, that's the law of basic economics supply and demand.

That's critical, that's huge, and these these ftd's, these failure to delivers, is essentially adding to the issue. It could be a multiple of things. It could be naked shorting. It could be these counterfeit shares, it could be call options expiring in the money and they don't have the collateral for this.

So they create these counterfeit chairs to meet the supply and demand right. It could be an ample amounts of amount of things. It could even just be hedging, it could be delta hedging. It could be these hedge funds that are creating shares, essentially that that don't exist, so they can meet their own collateral issues right.

It could be a bountiful amount of things, and i believe this is happening for a couple reasons right. So i'm going to pull up my uh my browser here and i'm going to show you amc on market watch check this out. Work with the total overall shares outstanding now, there's a bunch of different kinds of shares out there right, but we have out of the shares outstanding 377 million total shares public float, 374 million about the same right. So most of the shares outstanding are available to the public to trade 374 million.

Total public float shares available right. Well, let's look at the daily charts. There have been days where we've seen the shares exchange hands more often than actual shares exist in the market. We've got 434 million shares here.

We've got uh, you know what would be 391 million shares here. 1.2 billion shares traded hands on this day january 27th. Right, so take that with it take that for what it is, it tells you the entire freaking story, guys i don't believe it. I do not believe that the entire shares outstanding exchange hands three times in a single day.

I will not believe that for a second, this to me tells you the entire story. There are shares out there because of these ftds. These failures are delivers right. These ious are being written out by the clearinghouses, that's uh that are causing fake selling pressure in the market.

You see this kind of thing happen. It's happening with gamestop too gamestop is getting that same stuff and gamestop has overall lower lower float. They've got less shares available to the market, which is why some people believe that gamestop has the only potential to squeeze in that amc. Doesn't i don't believe that i don't.

I don't agree with that. I think what it comes down to is supply and demand right. You could have you could have one billion shares available to the market right, but if every single one of those shares are being held, then the game is still the same. The laws of supply and demand stay.

The exact freaking same so take care for what it is. However, i do want to point that out, because i see a lot of questions about ftd failure to deliver right. What does it mean? Why is this important? That's why it's important right, because they're gon na have to be held accountable. Eventually, they can't keep playing that game.

You're gon na have big forces step into this eventually and say: hey. We need those shares now you can't keep playing these ious. Where are they? Where are they right and if they don't have them, that is gon na shift a crazy, crazy amount of demand back into the market right, it's going to clear up a lot of these fake shares that are that are likely floating. Who can prove this? Nobody can prove this right, but but based off of logical induction right.

You can just induce this with with your own brain think about how possible it is for 1.2 billion shares to trade hands on january 27th. Do you really think that's the case? Do you? I know there's a lot of retail investors out there. Let's just assume that 200 million shares of that were retail investors that stepped in made money got out or stepped in lost money got out right. I can believe that i can believe that i can believe that 200 million shares would have traded hands that day, but 1.2 1.2 billion.

Think about the significance of that. I don't buy it. I don't buy it at all and that's very important to consider. So that was a long long rant.

I did want to point out a couple different things, because i've been asked a lot of questions on that in regards to the quadruple witching. What does this mean? Well we're just going to pull this up for you really quick. What does it mean? I don't want you to get that hard date stuck in your head. It refers to a damage.

Derivatives of stock index, futures stock index options, stock options and single stock futures expire simultaneously right. So this gives an opportunity for a huge influx in capital and equity to pump into the market, and i think this is why you're seeing some toots some institutions that are pumping a large amount of shares into this date, the 19th of march right. That's why you've got such unusual options trading way out ahead of time, and people just started talking about this a couple days ago right. So i just i do not believe this is retail investors.

I don't. I don't think this is uh retail investors that are doing this. I do think institutes that is important to recognize right and that could be a day once you see things happen. Don't set your expectations, though right i want you to walk away with a lesson here.

The sooner that we can just take this day by day and stay true to our convictions right and not expect this to immediately moon, the sooner you're gon na be able to accept that it's okay to consolidate it's okay, that we dropped half a percent today, it's Okay, that we only went up three percent today right how come this didn't move right after that 801 right, because that was box, one we checked box one. We got options to expire in the money so that we could potentially have off shares. They're gon na be purchased back at uh at those strike prices to help push up the stock market value right so take this. What it is take it one day at a time stay convicted to your stocks.

I truly truly do mean that i've mentioned this. One of my previous videos but microvision right if i had sold microvision my girl, nbis mavis back when it was trading at four freaking bucks back here right, there was a long period of consolidation for this stock, so i'm gon na back. It up check this out. First time i bought it in micro, vision would have been was about seven dollars and fifty cents.

You know i missed time the bottom i was wrong and it kept bleeding all the way down to 4.75. Well, if i had sold out back then, instead of doubling down a dollar cost averaging down to about 670 i'd have never experienced this run up to 24 bucks. I would have never been up. You know almost 400 percent that i it wouldn't have happened right.

So the same conviction, you need to have that same conviction based on the dd that we've done all the numbers, we've crunched, all the different uh. You know the potential for growth, the amazon acquisition, all these different short interest numbers, the short borrow fee rate, the utilization. Whatever it may be, stay true to those numbers, i stand by that 100 and i always will i want to point out two things here, then we're going to move on to rocket right, so i've got this all labeled out. If you want to skip ahead, feel free to do so, but i'm going to point out the amc short interest on fintel and we're looking at a couple different things so check this out.

We've got the total short volume, as of today was 14 of the market volume, so we had 7.7 million total short volume, 53.9 million in total market volume that made up 14 and we did not trigger the ssr. Today we did not drop 10 below the previous day's close, so ssr will not be in place tomorrow. What do we have in terms of short share? Availability. 150.

000. Updated as of 10 hours ago. It's not been updated for a while, so we're going over here to i borrow desk and uh shout out to well one of my friends over the discord, i'm blanking right now. I apologize there's a lot of people over there, but he pointed this out to me and it gives you regular updates in terms of short short borrowing and uh.

The numbers stayed the same 150 000 right. That number has not changed, but what has changed is the fee percentage. It went up to nine percent and i uh i've been reading a couple different places, and i think this is uh. This is pretty pretty likely.

It's related to the cost, to borrow uh and the days to cover so the days to cover. What does this mean short interest divided by the three month average volume. One thing that you're going to notice is that this days to cover number is starting to go up. That's starting to go up right.

That means it is going to be more difficult for shorts to cover their positions profitably right and, as that number continues to go up, you're going to see that the cost of borrow also continues to go up, because you know these uh. These clearing houses are saying hey. We recognize that if you take a short position right now, the odds of you coming out profitable, which means the odds of us coming out profitable, are pretty low. You might not get your money back to us.

You might have to make a margin call so we're gon na raise that cost, to borrow, to give a little incentive not to short this stock right, because we think it's kind of a bad idea and as that cost to borrow continues to go up. That tells you hey. This is uh we're getting into bullish territory, there's a good chance that we can make this happen. So a lot of good things happening here: 96 utilization, very, very high utilization, low short shares of availability.

It's been bouncing around a couple, different numbers here for a while. If you come back to, i borrow desk uh, like i said shout out to the guy from the discord for pointing this out to me, but it's been bouncing around. You know a couple hundred thousand for quite a while. Now i mean it went up to about 1.2 million at one point, but below that not i mean i won't put us down to 400 100.

I mean you guys get the point here. The shorts are still hammering this thing, they're still double dipping in the pond, they're, not giving it up, and that tells you the entire story and everything you need to know about. What's going on with amc right now, it's not a dead cat. I will take all the heat in the world, for amc is until the day that i die.

I do not care, i don't care, because i'm not giving up on this. There's absolutely i'll. Tell you what i am not i'm not stupid. I'm not stupid the day that this is dead the day that the numbers are are bad right.

The day that all the shorts have covered, all utilization is gone. The media stopped covering this. I would have been wrong at that point, but this price action right now is psychological. I 100 promise you guys.

I promise you stay. True stay convicted stay the course you will be paid. I promise you is this gon na do what gamestop did you know? It has been following that similar trend for quite a while now is it gon na go as big as gamestop? Did nobody can answer that? So don't let people tell you that i do think it is going to go high, though i do 100 believe it's gon na go. I think it's gon na have a gamma squeeze.

I think it's gon na have a short squeeze. When is that day going to come? I don't know nobody knows. Nobody can tell you that right. So that's that's what i've got for you, that's what i've got for you on this stock last thing, and this is probably why i saved it for last is because i was not excited to talk about.

It was rkt rocket what the heck happened today. Why did i make a video on this? Why did i lose people money right? The whole nine yards and i'm gon na show you one thing. First and foremost, i saw this thing bleed before my eyes. In fact, i had a stop-loss set and i took it off because i recognized that there are people out there that likely bought this.

Simply because i put a video out on it and uh. I'm gon na sit here and suffer with you. Maybe you don't think. That's a big deal that i'm down 2400 bucks.

Take it for what it is, i'm down 24 on rkt right now, but i'm always gon na be transparent. With you guys and uh, i made a terrible, missed timing on that. Do i do i take back what i've said about the numbers? Absolutely not not in the least not in the least bit, not in the least bit, but what do i take something back? Yes, i do apologize for the timing. This is not something i typically do right.

I don't like chasing plays and actually in my video this morning, i said the same exact thing i said i typically don't chase plays, but based on the numbers that i see right now. I think this is a good opportunity and i'm going to be buying in you know at the price that i did, which was 38 bucks. I took an opportunity to average down and still mistimed it right. So i was wrong.

I was 100 wrong and you could take that for what it is if you're a bag holder man, you know what i'm with you, i'm with you, i'm also a bag holder, but does this mean that it's dead? No not the least bit i've seen people comment that citadel literally owns this, but uh. If you wanted to solely base, you know, i don't like citadel either i don't like citadel either, but does this mean that i'm not going to invest in a company just because citadel owns it right? No, and i'm not, i shouldn't say, invest trade right so based off of the trading potential. What do we have here? I stand by the exact same things that i mentioned: there's crazy crazy indicators and numbers saying that there's a chance for this to squeeze 97.3 utilization. It's actually got a higher utilization than amc does right now, higher than gamestop does right now cost to borrow 51.53 annually.

That's an insanely insanely high cost to borrow rate anything over 10 is nuts, so 51.53 is insanely. Nuts the day is the cover. 4.46. That's insanely! High as well, i went down a little bit.

It went down a little bit. It was at six this morning, uh from when i made my video, but anything over one is significant. That means that it is difficult for shorts to cover their positions, so take that for what it is. That is a big big deal.

I i i stand by it 100 now check this out as well rkt. When i made that video this morning, it had zero short shares available, and i understand that now it does not right. So we're gon na update you and just let you know what the numbers look like in case. You stole the position in case you're, a bag holder in case you sat on the sidelines waiting for this to happen, knowing that i was an idiot and it made the wrong call right still an insanely low short share.

Availability. 60. 000 total shares updated. As of one hour ago, cost to borrow still 58 percent insanely insanely high, i'm gon na, be completely blown with you, i'm gon na be completely blind with you.

I am bullish, as bullish gets on amc. I truly do believe it is going to squeeze. But if you ask me right now which one's going to squeeze first rocket or amc, i think it's rocket, i don't think a rocket squeezed. I don't think it did.

I think, there's some pure hype and drive. I think this is pure buyer stepping into the stock and literally just riding the crap out of this thing. You know what i think happened. You had the shorts right, the institutions or whoever was shorting the stock.

That literally just sat there and watched. You know what they were thinking. They were thinking. This is a pump and dump which it didn't end up doing 100 right.

We could see that we could see it pumped and it dumped that's a picture-perfect pump of dump. Sometimes people tell me trey amc is a picture perfect pumping dumb, but you must not know what a pump dumb looks like, because this is a pump and dump literally to a t. They were thinking to themselves hey. This is gon na, be a pump and dump people are gon na ride this up next day, they're all gon na sell out and we're just gon na keep riding our short positions and come out net neutral or even ahead, because everyone's gon na get rid of Their shares, that's what that's! What happened right here? Sixty thousand covered we've got sixty thousand total short shares available as of now.

However, the fact still remains that there's ninety seven point: three one percent utilization on the current lendable short shares, so not even close to all of them have covered there's still an insanely high amount of total short shares that are being held by institutions or retail investors. Whoever it may be right, so we know that so i do apologize. I do apologize for for for putting the video out when it was that high. I apologize for not giving better guidance on when to buy into this, but if we look at where it's bottomed out here right at about 27.82, let's just take a peek at what that retracement would look like.

That would be almost a 78.6 retracement. You usually look for a 50 retracement, so that was the worst case scenario here. That was the worst case scenario was a 78.6 retracement. Does that mean that i could have done a better job? Absolutely not.

I should have done a better job. In fact, i'm i'm infuriated with myself that i broke my rule. That's one of my rules i don't chase plays. I i hate putting out videos on the channel that i genuinely think have already run up too far.

That's why i put out my video on lmfa, or i think that was the name of the stock lmfa right yeah, lm funding same thing happened with lm funding way back in the day, so i don't know how long ago this was, but it was somewhere. It was here we ran to 4.49 all the way up from 73.7 cents. I made a point to put out a video because i was asked by so many people saying uh trey. Should i buy the stock? What's a good entry point, i already put out a video, i said: don't buy this, it's it's a pump and dump it's literally gon na dump so hard like.

Don't don't touch it right and you know people were good and the same i didn't do the same thing with rocket. I didn't i scalped the stock. Yesterday i made some pretty good money and i thought that i had more opportunity to run today, but this does not mean - and i don't take back my dd on this right - uh, the underscore short underscore squeeze underscore 2020 on reddit - threw together some amazing dd on This and i think it's factual - i think it has relevant information in it. I think it's actually got great long-term potential as well as short-term potential.

The only thing that i regret about this is the entry point. I completely did not hit that entry point at all and honestly guys, i'm a little bit bummed, because i feel like i've been on a bit of a cold streak. I feel like i've made some bad bad calls on swings lately and it's discouraging it's discouraging for sure. I read the comments.

I read all you guys comments as many of them as i can at the very least. Sometimes i honestly stop so i said i just stopped because on the on the videos that i don't nail that i get wrong, i just feel like the biggest loser on the planet and i take a lot of pride in the channel. I take a lot of pride in helping people bringing true value to people's lives and, and you know, being able to change a financial situation because the fact of the matter being you know, i changed mine, a lot. I turned dollars and forty six thousand dollars in two months.

You know over you know a month and a half, i should say back uh back when i started the channel to about the beginning of january and uh. Here we are now here. We are now the game changed. You know i uh i've hit a couple of bad calls and you know granted.

We already have a little bearish of a market. So i'll give myself a little bit of slack right. We were having a correction but uh. That just means you know what i've mentioned before we need to be more choosy about the swing plays that we make.

So this is me making a formal you know uh reach out and saying, if you're a bag holder, i'm with i'm with you, you know, i feel you. I am a bag holder as well. I'm down on rocket almost 24. I took off that stop loss because i recognized that i screwed people out of their money, and maybe that means nothing to you.

Maybe it means something to you. You know it means something to me and i take a lot of pride in my channel. I take a lot of pride in helping people and bringing together a community, so what i'm asking of you guys is to understand where i'm coming from. I think that's the thing that i found the most difficult with youtube.

You know not to go on a rant, but the thing i found the most difficult with youtube is i've found that before i started, i didn't time my intrinsic value as a human being to solely performance. I was a very, very competitive runner. I spent a lot of time. You know, literally.

I ran 100 to 120 miles a week for a long time. I could show you my strava. If you want some people, probably wouldn't believe me, but uh. If you do want to check that out, i have a strava where i talk about.

You know all the all the miles that i put in, i would literally run you know 100 miles a week for who knows how long so, i'm just gon na i'm not gon na log in right now, but you can. You can check it out if you want it's just tremaine collins, t r e m a y and e, i use traeger they're just easier to say but anyways. I ran 100 miles a week 120 miles a week and it was a blast and i didn't tie my intrinsic value to that. I didn't tie my intrinsic value to how fast i ran every single day.

I just enjoyed the process and this transition that i made over to youtube. I find these these crazy periods of insane dopamine rushes, where it feels like i'm just riding the top of the world like standing on top of pikes peak in colorado. Just rushing on adrenaline pumped like you would not believe, and then these super long valleys, where, where you've got people against you, we've got people looking for blood that they wan na. They wan na really bring you to the ground because, because you made some bad calls and like differentiating that and being able to take a step back and realize that as a person, i'm not worth just my my success rate.

It's been hard, it's been hard and i recognize that on youtube. You know what i'm doing with finance, especially my my worth as a channel does derive from making plays it. That's that's where it comes from, so i recognize that you know in a bearish market i'll take that for what it is, but i need to make some better calls and i'm going to take a real, real, real step back and see what i got to do To make that happen, i i think that uh rkt still has potential, but i i made him a wrong guess. You know wrong educated guess.

I thought that uh, i thought it would have kept moving and it didn't that's on me so take that for what it is. I don't think that means it doesn't have potential to run. I think that we had a crazy pullback in the market today. The nasdaq was almost three percent.

You had a lot of players that pulled back and bled an insane insane amount, which is why i think amc holding up so well speaks a lot for what could what could come, but nonetheless, that's that's what i've got for you guys. That's my apology for that and if i've learned anything with this whole game, you know the last month with amc with wsb the meme stocks. It's probably two things one. I got ta trust my dd, my technical analysis way more than i give myself credit for, because when i just take a step back - and i don't pay attention all that bs going on on reddit, usually i make some pretty good freaking calls.

I've called. I call jagex bngo and noob uh a plethora of plays and you can check out a video i've got out on there where we get home, runs on a bunch of stocks based on just my own research, and you know. I find that when i'm lured into these plays by wall street bets or reddit or whatever it may be, even if it's good dd right these super hyped plays, i don't like doing that. I don't like those plays.

I like the players that don't have vibe. I like finding those diamonds in the rough that nobody's talking about and then once they're already in them and they get that attention. Maybe you got ta wait a couple days, but they run right. So that's one thing that i've learned.

I got ta trust myself. More. Second thing that i got ta that i've learned is who who's in my corner right, because it's really easy for people to be bandwagoners and i'm just gon na come out straight and say because i know it exists. There's it's easy for people bandwagoners right to ride the train when things are going green when there's valleys, when you're riding through the troughs man you're just getting pissed on it's not going good.

You're gon na have people turn on you and it made me really really respect and and appreciate the people in my corner, so everybody out there that is, that has been rocking with the channel who who has supported me whether or not we've been green, whether or Not we've been read, i want you all to know gorilla gang that i appreciate you immensely and i didn't mean to make this video so long, but i had a lot a lot to talk about. It was a rocketeer of a day right, not not to make a pun, not to make a pun, not a bad taste, but it was a rock every day. It was a crazy day for sure. I got a lot of uh a lot of mixed mixed messages from a lot of people, and i understand, but nonetheless, that is what i have the video today guys if you enjoyed it, please drop a like if it doesn't help support the channel.

Consider subscribing. Let me see more content like this. Lastly, i'm going to fill in the description box down below for weebles version 4 for the desktop great platform allows you to start training it for him in the pre-market views. Money could get two free stocks with 100 deposit.

I receive a free stock greatest for the channel and, if you're not interested that it's totally fine. My friends, i just appreciate your support, but taking the time to watch my videos, i also link to the discord. If you want to check that out, you can link yourself up to the patreons five dollars a month. If you want to do that, if not that's cool and there is a link to the merch store.

If you want to buy yourself a gorilla game, mug or a t-shirt that is uh that is also available to you as well. That's what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace,.