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SMALL CAP INVESTING
Recorded: June 23, 2025 Duration: 1:18:15Space Recording
Short Summary
In a dynamic discussion, panelists explored the resilience of small-cap stocks amidst geopolitical tensions, highlighting growth opportunities in AI, emission control solutions, and the potential for significant market movements. With a focus on trends and strategic insights, the conversation underscored the importance of adaptability and proactive investment strategies in today's market.
Full Transcription
Thank you. Good afternoon.
Good morning to some.
Good evening, I'm sure, to some as well, wherever you're at.
We appreciate you tuning in. It is Monday. It is 1 p.m. Eastern, and that means small cap
investing time here on Wolf Financial with the crew itself. And we've got some of the crew up
here on stage working on getting some of those others up here as well. And we'll dive into it.
As always, this show
is recorded. So if you miss any part of it, if you have to leave early,
you can always listen back to it. If you come in late, I'll remind you later, of course,
that you can listen back to this recording as soon as it's closed out. But as we do each and
every Monday, we jump on here, we talk small caps, we talk general kind of macro market environment
in general. And then we
get a little more granular, start talking about some thematic names, some individual names.
And I know there's been some great ones going on as always in this space. That's one of the
interesting things about the small cap world that I've been exposed to more and more running this
show each and every week is these individual thematic names that I
swear I think as a futures trader, I thought I never got any sleep or any rasp breaks from the
market. But I think you small cap guys may have me beat a little bit on that. I don't know. We'll
see. But let's go ahead and dive into it a little bit. I'm going to throw it over to my co-host,
Ben from Story Trading. Ben, how are you, my friend? Welcome, welcome.
Great to hear from you again.
Welcome, yes.
Wow, this has been crazy since COVID.
I've got to tell you, these last five years, it's just nonstop drama.
It's exhausting.
The volatility in the geopolitics and the politics, it's just been insane.
And it's not slowing down.
Look at this.
So we're doing this show right here a few minutes after this attack on the U.S. bases
out in Qatar, or Qatar, however you say that.
But, yeah, look, it's wild.
I guess we're doing the macro sentiment portions.
I'll give my kind of macro view on where we are within the season,
how the war may or may not impact it.
And we'll come back on the second half and talk about some stocks.
But look, I've been pretty consistent with my analysis since the start of this that I don't think there's any long-term negative impact at all from this war.
Usually the rule of thumb is to buy war.
We are playing with the 20 DMA now, but to the extent to which that 20 DMA might be breached
and might cause a further correction, I'm talking about on QQQ Spy, it's actually also in the IWM
20 DMA. But to the extent that that happens, I think it's just coincidental or just an excuse to use the war headlines to have a correction that we're going to have anyway.
Now, that may not happen.
We may close above that 20 DMA today.
But that's a key level I'm watching.
But as far as the geopolitics goes, I'm not concerned at all.
And in fact, I think this war is good.
You know, this is something economically for the world and for the United States, something
I haven't heard a lot of people say.
And you heard last week I was telling you about my history.
I was born in Iran, born in Tehran.
My family escaped in 1979 when the revolution started.
And for those that don't know, Iran was a Western country in the 70s and had good relations with the West and with Israel and with the United States.
So that's the hope on the ground, you know, for someone like me and my Iranian community I'm actually in.
War it is that people in Iran want this war and they're happy that Israel and the U.S. are striking. And, you know, there's a
lot of talk out there that there's like 80 to 90 percent of the population there is against their
own regime. And there's a lot of things happening in the last 24 hours that indicate that there's
high coordination happening right now between Trump, Netanyahu, and what's his first name?
Pahlavi, the son of the former king of Iran.
There's very tight coordination now in the last 24 hours.
Basically, they're going for regime change.
Trump started talking about that on Twitter.
And then that was followed up by massive, massive bombings this morning by Israel in Tehran on basically forces that have to do with internal
security. Right now in Iran, it's basically a police state. It's martial law, it's a police
state. If you go out of your house, you're met by military all over the place that are
patting people down and looking at their phones and
they're trying to repress any kind of uprising. So in any case, why do I say all this? In
the 1970s, Iran was a democratic, westernized country. Well, it was a monarchy, but it was
a westernized country. And the hope that I think needs to start being priced into the
market is if you have regime change, I think
I mentioned this last week, if there was a 0% chance of regime change, you know, two
weeks ago, there's now a non-zero chance of regime change.
Whatever you think that chance is, you take that and you multiply it by 92 million new
consumers for westernized countries.
And by the way, in Iran, I was actually watching a video about a month ago,
just coincidentally, of someone who was visiting Iran, did a YouTube video.
And there's all these western brands there that are all fake,
like fake McDonald's, fake everything.
Think of any brand, it's all fake, right?
So there's a hunger there by Iranian consumers to do business with the West and to purchase Western brands, etc., etc.
So, look, I'm just talking about economically.
Look, from a personal and moral point of view and everything, I want to free Iran.
I want to be able to go visit where it was born.
I want to see the U.S. embassy open again.
But from an economic point of view, you have to start pricing this in, because that is
clearly the goal of not only Israel, but now clearly based on what Trump was saying yesterday,
also the United States, they want regime change.
And we'll have to see if regime change can be done by air.
I think this might be something different than the other regime change efforts in the past because it seems there's the high, high support within the Iranian population.
But you're talking about 90, 92 million new consumers.
You're talking about maybe trade happening between the United States and Iran.
And this is all a couple of years out.
I think his name is Reza.
Reza Pahlavi this morning had a press conference.
Again, this was all tightly coordinated, the timing of it. 7 a.m. this morning, he had a press conference.
Again, the son of the former king. A lot of people in Iran want him to come back and take over the
country. And he was talking about this. He was talking about the economics and doing trade with
America and all stuff like that. And that press conference came like an hour after Iran, like, bombed all over Tehran.
So, like, they're obviously all working very closely with each other.
So, in any case, from a geopolitical standpoint, I don't see risk here economically.
In fact, I see upside economically.
And, you know, any kind of dips, I think, should be bought, except you got to watch
this 20 DMA. Can we have a correction from the 20 DMA to the breakout level? Back on that China
news on the 200 DMA. Yeah, sure, that can happen. But I wouldn't be afraid of that. If that happens,
I think that's an opportunity. It's not like, oh my gosh, there's war and that's bad for the US
economy. No, no, no, not at all. So hopefully'll hold this 20 DMA if we drop below it. I think that's gonna be a buying opportunity that
Again, the chart doesn't look pretty below the 20 DMA. Yeah, I might have to go down for a week or two the 200 DMA
Breakout, but right now I'm feeling that we will hold that 20 DMA
That's what it looks like. So overall, I'm pretty bullish and
You know
Bullish on the work so to speak. I don't you know, I I don't want that to come off the wrong way
But in terms of the impact on the US and world economy and then towards the peace and all kinds of things like that
I think this is actually a pretty good development that's happening. So
That's my macro take. Yeah, some quick news updates here. We did have
Iran launched missiles on Iraq and Qatar, the US bases there. I'm seeing Qatar just came out
with a statement saying no casualties or incident from those and they reserve the right to respond.
Also seeing a report that U.S. aircrafts are taking off from a Saudi Arabia airbase. So I
want to throw that in there. Let's keep going around here and get everyone else's macro thoughts.
Appreciate you kicking us off, Ben. Money Mark, coming over your way next.
Yeah, I first of all agree with you, Ben, in terms of the implications
here. Iran, the sources that I have say that there is a great deal of dissent inside of the country.
So it is ripe for kind of an internal revolt. And it may already be underway because you have executions going on, arrests, host place, I think the regime has come to the
conclusion that it's all too precise, too coincidental, too perfect to have been conducted
with basic intelligence that there's a lot of folks internally that are working with the
opposition. So now they are a severely weakened state. You have to spare it out,
you know, whatever moles there are out there. You know, we'll see. But at the very least,
right, I don't see too many scenarios where this escalates into a market moving event.
That's the most important thing, right? Everybody can look at this and go, oh my God, war in Iran, sell stocks. Why? Right? Like really the biggest threat that I see here
is closing of the straights of Hormuz and Iran needs those, you know? So at the end of the day,
you know, there is a bifurcation happening around the world. You've got the US on one side,
you got Russia and China on the other. All the other players are kind of pawns on the chessboard. And I wouldn't be surprised if,
you know, Russia spurred Iran on to get involved with this because it would, you know,
create a perception issue or distract the U.S. from certain things. And hey, be damned if Iran
goes down in the process, right?
It's a pawn on the chessboard.
So anyways, I'm more interested and concerned about market liquidity and market valuation.
Those are two things that have a major impact on the market, as well as long-term risk reward.
And as far as long-term risk reward goes, we are back near levels where the market tends to be dicey.
Very, very close to those levels again.
Where I went yellow alert several months ago ahead of the collapse in the market, not knowing that the tariffs were coming.
It's just when you get to certain levels, it doesn't take much for the market to drop 10, 20, 30 percent.
Okay. So let's look at liquidity from a valuation perspective. Let's just get that out of the way real quick. Given that earnings estimates
have come down over the last few months, the fact that we are not at all time highs does not mean
that we are not at a recent all time high valuation. From a market multiple perspective, we're there
because the market itself is near all-time highs
and the earnings estimates are down
from where they were a few months ago.
From a liquidity standpoint, over the next few months,
liquidity is likely to remain constrained
with the US tightening offset by China's easing and
Europe going to a more neutral stance. I don't think there's going to be going on much
over in Europe. So you're not you don't have a headwind and you don't have a tailwind there.
So valuation's high. Liquidity isn't necessarily going to help. And if you pay attention to macro sources like Hedgeye,
they say that we're going into a rough period in July that what they call quad four. Quad four is
the worst of the four quads in terms of what the market is likely to do. So you got to be careful,
right? And we've been, you know, a lot of us have talked about being careful for several months now, but the entirety of this year, in fact.
And yet we have phenomenal gains. I mean, look at what everybody on this panel is having a banner year in terms of returns.
I haven't had a losing stock in my official portfolio, my public portfolio in 13 months.
portfolio, my public portfolio in 13 months, not one.
That's I don't think I've ever done that.
I've seen Ben, the godfather, Doug E. Fresh.
I mean, it's just Maj, all these guys in the panel.
It's just a great year, which goes down to tell you that right now is a great time to
be a stock picker, not a market caller.
And we'll be back with stock picks later in
the show of course appreciate those thoughts mark great rundown there from my friend money mark uh
dougie fresh let's uh let's have you jump in and then we'll go over to the godfather and sniper
all right i'm gonna keep it brief brief because I kind of lost my voice.
I just got back from Vegas and probably had the craziest three days of my life.
So I'm going to keep it a little brief and just tell you what I think the spies were.
Did you win?
Was this celebratory shouting?
What do we got here?
Yeah, I went out.
My buddies are Covino and Rich.
I've been friends with these guys for 20 years. They just their 20 year anniversary their radio show and it was they had like a couple
hundred people come out to vegas it was crazy i was out until like 3 a.m every single night just
having a blast with everybody and uh so if you don't know cavino and riches you can check them
out they're great radio guys i've been listening to them for 20 years but i am personally good friends with them and they're just super cool dudes so yeah that's why i went to
vegas had crazy three days and uh back here now looking at this crazy market and like ben ben hit
it on the head and i love uh ben's outtake on the whole iran thing he was he's dead on i think the
people over there they're ready for a change they've been uh they've been ready for a while and i think that's what you're seeing going on and like ben was saying i don't
think it's going to hurt the market it is at a very critical spot right here at that 20 you do
have some great support on the spy right around like 588 let me see where that says yeah like
588 589 area so even if it back some, you still have some great support.
It could pull back.
SPY looks way better than the IWM at the moment.
IWM looks like it could pull back.
So the smaller caps could take a little more of a pullback.
But again, the IWM isn't something that's been the best to trade.
It's been individual stocks.
So I have to say there are a lot of small caps that are setting up still looking good.
It's just that the IWM in general does not look good as a pick right now.
It looks like it's going to pull back.
Yeah, and WFresh, who's the scapegoat when people start getting concerned about the market?
Who do you use as a hedge?
The Russell?
Exactly.
You start hedging that down and then you know you can
kind of figure out and i'm very cautious right now i've been thinking that there's an eminent
dip happening the market's holding itself up but i do think we'll see some pullback i just don't
know how much pullback it's going to be that's the thing that's a little weird right now is
how much pullback's really going to happen and more mean, the SPY is up right now, like $1.70.
This morning at 7 a.m., it was down like 80 cents.
It's been jumping around all day, and it's really trying to hold itself over that 20, like Ben was saying.
So it's in such an interesting spot, and you see the MACD kind of pulling back.
But we know that thing can reverse at any moment, especially in this kind of market.
So I have my eyes on it today and I'm just
kind of trying to pay attention to see what the best opportunities are going to be and exactly
what the market wants to do, because that's going to tell us what our opportunities are going to be.
So I'll leave it at that and try to preserve my voice a little bit. And thanks guys.
Yeah. And keep in mind, the Russell still hasn't gotten back even for the day. So the other major indices are green and IWM is red.
So that's where the caution is coming in.
I just want Dougie to tell us if Vegas is crazier than these markets.
Let's only follow up.
Vegas was actually more crazy.
I'll tell you what was crazy.
So we stayed at the circuit. If anyone's going to Vegas, I'm telling you, that's not on the main strip. It's crazy. I'll tell you what was crazy. So we stayed at the circuit.
If anyone's going to Vegas, I'm telling you, that's not on the main strip.
It's over by Fremont Street.
As a matter of fact, you can just like take a jump and a skip and be on Fremont Street.
Fremont Street might be the greatest place to ever go hang out.
There is just so much going on.
Just so much great people watching.
But is it crazier than this market?
It might be.
I don't know, though.
I don't know. I was out. I don't know. This market is pretty wild, guys. This is It might be. I don't know. I don't know.
I was out.
I don't know.
This market is pretty wild, guys.
This is a crazy market.
Market is pretty wild.
Yeah, it's a coin flip.
I think the market even beat Vegas right now.
I'm not going to lie.
There you go.
Yeah.
All right.
That's what I wanted to know.
All right.
Appreciate that, Dougie.
Godfather, let's go over to you next and see what big picture thoughts you've got for us today.
Yeah. Hey, so look, you know, the markets are in are in consolidation mode just below the all time highs.
You know, whether we like it or not, geopolitical and macro are going to be front and center and, you know, micro sort of takes a backseat.
and macro are going to be front and center and, you know, micro sort of takes a backseat.
But I think therein lies the opportunity, you know, kind of to what Ben was saying.
War moves are often temporary, but the solid entries in quality companies, you know, that
can result from this market volatility can be enduring.
can be enduring. So I think that's the way to look at it. I think it is worth calling out
So I think that's the way to look at it.
the muted reaction in all the war hedges, shipping, oil, gold, volatility, you name it.
So, you know, what do we take from that? You know, is it misplaced or is the market telling you something? You know, the market for now looks to be either moving beyond it,
or it's sort of leaning towards what Ben was saying, which is, you know, this could possibly
lead to a regime change. And, you know, what would that mean for the world and oil price and
price and all the rest of it. And I think everyone's in agreement that that would be a net
all the rest of it? And I think everyone's in agreement that that would be a net positive.
positive. And I think the market would rally huge. And oil prices, of course, would stay low.
So look, I don't really know. I'm not going to go on about geopolitics. There's two things I know
for sure right now. One, there's a lot of psyops going on. So it's prudent not to overreact to
every headline. Use it for what it's good for. And again,
what is it good for? It's good for quality entries in quality companies. That should be your key
focus. Sure, if you're sitting in front of your screen all day and you're nimble and you want to
scalp intraday volatility moves or gold moves or oil moves or whatever, you know, knock yourself out.
But that's not for everyone.
The second thing I know for sure is that the market isn't going to care about an attack
on the U.S. military base in Syria, Qatar or Iraq or wherever they're, you know, currently
focusing their what's left of their their missiles.
focusing what's left of their missiles.
So look, I think it's worth taking note that this consolidation just below the all-time highs
means that the market has vulnerabilities here.
And there are a lot of charts that are looking overextended.
And I think it's fair to say that this market is, again, starting to look for a reason,
you know, not necessarily to sell off, but, you know, at a minimum to consolidate gains.
And there's a lot of things that could come to perpetuate that.
Further geopolitical volatility, you know, path on the trade front that's less than certain, you name it. But look, every summer
for the last five years, we've seen a summer correction. And I've done a spreadsheet on this.
And on average, it lasts about 40 days. And on average, the summer correction results in about a 15% move on the Qs and about a 10% move on the S&P.
So let's just look at last year, for example.
It was right in line with that five-year average on the Qs.
We were at 500 on July 10.
We were at 435 on August 10.
That's a 15% move to the downside.
There's absolutely no reason that couldn't happen again this year. In fact, the statistics tell you that on average, it will
happen. When does it start? Generally speaking, it starts around the second week of July.
But it can start as early as June and it can start as late as September. But to the previous comments about this market and
how much it could come off, history tells you exactly what those numbers are and what the
duration kind of looks like. So keep some powder always is important, especially at this time of
year. In terms of what's going on, you going on, like you can look at things half,
glass half full or glass half empty. I think there are a lot of reasons to be positive,
certainly after we get through a summer correction, which I think we'll have, we generally get some
sort of summer swoon or summer doldrums or whatever you want to call it. But, you know,
the second half of the year, it's setting up seemingly because we can't seemingly get any worse with less uncertainty,
less uncertainty around tariffs, potentially less uncertainty around geopolitical,
hopefully. And then you get into, you know, some of the things that could fuel the markets in the second half of the year.
Less regulation.
Again, certainty on tariffs, certainty on geopolitical, or at least more than now.
Big, beautiful bill.
If that comes through, you know, what does that do in terms of, you know, maintaining tax cuts?
All these kinds of things.
Obviously, if the geopolitical thing subsides or best case scenario, we see a regime change in Iran, all of this would be very positive to lower oil. It could lead the Fed to
act. The regulation things, the steeper yield curve things you've heard me talk about almost
every time when people ask me about my macro thoughts, the weaker dollar, these kind of primary themes all look to be in place in the second half of the year.
And, you know, this is positive for certain sectors, specifically financials, which make up a big part of the IWM.
So I do expect further strength as we go into the second half of the year.
You know, further to that, specifically on the financials, you know, Besson has been clear
that we are going to see relaxing in this supplementary leverage ratio. And, you know,
that's good for small banks and small banks lend to small companies. So that's also good.
So I think there's a lot of a lot of reasons to be optimistic as we go into the year, into the end of the year, pardon me. But I would not
be surprised to see some sort of pullback in line with what we've seen historically.
And then just a last comment in terms of, you know, what's sort of going on under the hood.
Last comment in terms of what's sort of going on under the hood.
It's clear that AI is still the number one theme in this market.
I mean, everything has been thrown out this theme, right?
Like we, you name it, we've seen DeepSeek, we've seen the diffusion rule, we've seen
concerns over hyperscaler capbacks, we've seen concerns about return on investment on
that capEx. We've seen, you know, issues about
not having enough capacity to cool these things or, you know, get the rack level assemblies and
stuff that we need, all of this. But what's happened? You know, we're close to all-time
highs on the leaders, on the TSMs, the NVIDIA's and the Broadcoms of the world.
But we've really seen it broadening out. And you're seeing it in the Dells, you're seeing it
in the TSSIs. I mean, pull up a chart of IBM, for Christ's sake, pull up a chart of KLAC.
This week's going to be interesting for me. There's not a lot on the earnings front,
but on Wednesday,
we get Micron. And that's another one. Pull up a chart. You'll see what I'm talking about in
terms of this broadening out of the AI trade. So I mentioned that partly as an intro because
one of the picks I'm going to give when we come back around on individual alpha is, again, a peripheral beneficiary,
if not a direct beneficiary of this overwhelming trend in the market, which is pervading
pretty much every sector. So I'll leave it at that.
Hey, Godfather, what is the timing that you see of the comments you made regarding investment
and the small banks? Because I think it's important for the audience to understand
that timing, right? Like if you look at the Russell 2000, that is heavily influenced by
smaller regional banks. So you don't want to get caught in that hedge, you know, at a time where that whole sector
gets a tailwind. Yeah, good question. So in two different interviews, he referenced this. In one,
he said, quote unquote, later this summer. And then the other, he said, second half of 2025.
So, you know, you impute what that means that, you know, there's obviously no certainty to these timeframes, but
it's imminent, clearly. Well, that's really interesting, right? Because if we get your
summer swoon, and then somewhere in the midst of that swoon, let's say the Russell's down 15,
20%, and then this goes into action, That could be a massive rally driver into the back
half of the year or the last quarter of the year. Yeah, absolutely. And, you know, again,
I think that this summer swoon, to the extent that it takes down and provides good entries
into quality names like this panel is going to talk about on the next go round here,
you know, along with days like today, when stocks
are selling off that, you know, are good companies, but they're selling off because of nervousness in
the market. This is the opportunity. You know, these are the enduring opportunities. Yeah,
as I mentioned, there's, there's, there's plenty of, there's always, you know, minute by minute
and hour by hour volatility that you know can present opportunities for for
people that want to trade it but um you know for any kind of uh time frame or in any kind of uh
long-term position uh this is really the way you need to think about uh what's going on in terms
of geopolitics slightly new highs of day here on tech and several big names as we're talking here.
The market continues to recover.
S&P is right at new high of day right here.
Ariel, let's go over and get some of your thoughts around the conversation and the kind
of broader picture of the markets here.
How are you, sir?
Hey, good, good.
Thanks, guys, again for having me.
Yeah, so the markets, yet another Monday, yet another crazy weekend that we've come to be accustomed to.
And that's why it's like I always think to myself, oh, boy, you know, we're having this Monday, you know, one o'clock session, and I'm sure something's going to happen that's eventful, right?
to happen that's eventful, right? And here we are. So what I like to look at is, I like to be a little
And here we are.
bit of a history buff and look at different times, you know, when things like this has occurred.
When I say things like this, you know, crazy geopolitical issues, right when Russia invaded
Ukraine or, you know, last time there was a conflict with Israel and Iran and going back
and forth and ask yourself, what happened with oil then?
What happened with how things gone then?
Go back in history and look at what occurred.
Don't just look at today as like, oh, wow, like this is crazy.
And then you'll start seeing a pattern develop.
And the pattern is, you know, I'm a big fan of contrarian market strategies.
And David Demadaran was a great book that uh it is called contrarian market
strategies and it tells you once again that if the conventional thinking is that oil is going to go
up because iran's gonna you know whatever get bombed and and the us is going to after it i'm
almost certain like in my mind i'm like wow like it's probably not going to happen the opposite
will happen because the trades have already been put on. And I always look for that element in any market moving, you know, commodity or stock.
I even look at the stocks that I buy and I ask myself, where's the pain trade look like?
What does it mean where if I put money in at any stock that I absolutely love this moment in time, you know, and I say to myself, what occurs if it goes the other way?
Am I able to have that gut check?
And this is when, you know, I hear the other folks here on the call, you know, like in
our chat, a lot of times they're like, oh, okay, keep your powder dry.
What does that mean?
It means that if I love any one given stock, wouldn't I want to buy it lower?
Or am I a technical trader and I say,
this is my stopout point and I'm out. So today was a perfect example. Did you see that move in
the markets when the bomb happened? When Iran bombed our US base in Qatar, the stock market
went down very quickly and took out all the stops, right? And then we whipsawed right back up.
So again, it goes back to asking yourself,
what kind of a trader you are?
And I love speaking it in this way
because y'all made some great macro points
I don't really need to make anymore,
but I like to talk about education a little bit more
in the microcap world
because that's where I'm an expert in.
And I say to everybody,
look, always be careful when you love something. Don't ever get married to it. I don't care how amazing your analysis is.
Never have a full position because there is going to be that moment in that day, that week, that
month that your stock is going to get creamed. It's going to happen. And especially in the micro
cap and small cap world. So always keep yourself a little bit powder dry.
And then when your stock takes off and you're feeling giddy, you sell some.
That's just the way I roll.
And that's the way I like to go about giving anybody that I know a little advice in general.
I say, guys, you're up good amount.
Your portfolio is nice and high.
You sell some.
You take some and you ring the register just a bit.
Don't have to take the whole position off so these are some of my like initial thoughts and i see the
markets doing what it did today just alone look at oil going down imagine you all think you're
smart buying oil into the clothes on friday and only to see on sunday it opens up you're like
what is going on it's not anywhere near 100 bucks that i thought it'll be and then you're getting
smoke because there's a pain trade so anyway I just wanted to put some of those thoughts out there because it's top of mind here.
I appreciate you sharing those thoughts there.
Ariel, great to have you on the show as always.
And yeah, very interesting.
Just a quick take on oil down 5% now on the day.
The CL futures on crude oil.
A lot of that, I think, has to do with the response from Iran now that we know kind of what it was.
It kind of took some of the oil risk off the board a little bit, and you saw that sell off quickly.
Saw the market shoot right back up, new highs except for over on IWM, but back to green, as we mentioned earlier, lagging a little bit, but back to green over on the Russell.
And great thoughts from the whole panel.
Let's dive in a little bit deeper, Ben.
Let's start with you and see what's on your radar, what you've got for us today.
Yeah, I'm just going to share with you, reiterate what my top two picks are right now,
or my top two allocations in my trade account. So there's a lot of great info in the small cap spaces,
especially from Moneymark and The Godfather on small caps that you can hold for longer periods.
My focus is more swing periods, things that I think can rapidly re-rate over the
next few days, the next few weeks.
That's the sweet spot I focus on in terms of where I'm active, actively trading and
giving trade ideas and stuff.
So from that timeframe perspective, my top two positions now are SPRO, Sparotherapeutics,
which I think I've talked about before.
I'll fill in again.
And a new position, GSRT.
So let's just start with Sparotherapeutics, SPRO.
So this is not disappointed, and I've not sold it yet. So since the Phase 2, no, Phase 3 study was canceled early due to efficacy, so I think
gapped up on May 28th, and it's been, you know, going up ever since.
And, you know, this company, I think, is probably worth about $4.50, and they have nothing to
do now.
GSK is going to take over everything.
They have nothing else in their pipeline. It's just cash and royalties now and they're probably
going to be bought out by GSK and I wouldn't be surprised if we wake up one morning and we see
that they're bought out for $4 or $5, something like that. Technically, the targets I'm looking for are 318 to 340 are the targets I've been
looking for. I'm up pretty substantially on this, but I haven't sold any yet. So that's SPRO,
and it's my biggest position, at least it was until I had a GSRT, because the risk reward is
so good. It's like, yeah, they have something like $2.50 between cash and milestone payments
that they're supposed to get now through the submission of the submission. What's that
called? When they submit the NDA to the FDA. GSK is going to submit that.
And then you've got a couple dollars worth of royalties after that.
So I love the risk-reward there.
Continue to hold that.
Looking for a substantial move up still.
That's SPRO.
There's another one, GSRT, is not a long-term fundamental investment.
This is a trade, but it's a trade I feel very, very highly convicted about,
and I made it my largest position. We identified this back on May 23rd, I think it was. I think
that's when we first identified May 23rd. I've been increasing my position. On Friday, I saw a
really good technical signal there at the end of the day, so I added more. GSRT is a SPAC set to merge with a SMR company, Small Modular Nuclear Reactors.
And as you guys know, Oclo and SMR are the two big ones that have just exploded this year.
And this one hasn't yet.
I'm sure the godfather knows if he wants to chime in a little bit more in relative valuation, he can do that.
And it gives me a little more conviction to be in this position.
But to be honest with you, the fundamentals is not the play for me here.
I have a saying I go by that in every trend trade, every stock will get its turn eventually.
Every stock will get its turn.
So the nuclear trend trade, this is like the only stock yet which hasn't exploded.
It'll get its turn.
And I think based on how other SPACs have been doing pre-deal closing, I'm expecting
this to trade into the $15 to $11.15 now.
I'm expecting this to trade into the $15 to $18 range, and I think it could come imminently.
You have an investor day coming up this Wednesday, virtual investor day this Wednesday, and I
see the signal on social media.
It's starting to get found.
A lot of people are discovering this, and who doesn't want another chance at Oclo or
SMR if you haven't had a chance to get into it?
So that's my take on GSRT.
And as I said, I'll let the godfather knows.
Whoever else is familiar with the fundamentals to fill in the gaps are welcome to do that.
But those are my two largest positions.
Quite different types of trade.
You know, I think SPRO, you can put it.
I also have it in my retirement account.
SPRO, really safe. Really great risk-free
word. It has the fundamentals there also. And GSRT is more of a swing trade, trend trade,
sentiment trade. You know, two different types of things, but I don't discriminate. All right.
And there's lots of other stuff that's really interesting. Mind, M-I-N-D. Maybe someone else
wants to comment on the progression of that.
It's just looking incredible here the last couple days.
All right, so I'll leave it at that.
Mark has his hand up. Go ahead, Mark.
No, I just wanted to know if I could go next due to timing on my end of scheduling.
All right, go for it.
All right.
So we've got two exits.
Those have been following my picks.
I've been talking about CTLP for years now.
And with the merger rumors, I thought we were going to see an acquisition for sure.
And we got that last week.
Okay.
Stock very quickly moved aggressively towards the buyout price of $11.20.
We were originally in that stock in the threes.
Stock now trading at 11.
If you own CTLP, I would exit now.
There's only 2% of meat left on the bone unless you're sitting on short term capital gains that will flip long-term in the next couple of months. I would exit out of that. Now, if you own CTLPP, I would hold on to that because there's still some meat left on the bone. Last week in my various tweets and shows,
I was talking about the gap that still existed there. The stock was trading in the low
50s. And I was like, no, this thing needs to be 60 right now because the buyout price for CKLPP
is going to be over $62 as part of the CTLP acquisition. And the stock quickly moved into
that direction. So we got 15% in a week on basically a risk-free trade. So that was nice.
15% in a week on basically a risk-free trade. So that was nice. So that's one exit. And then
TSSI, that's the one that I picked originally under $3. Our risk reward rule said, you know,
trimmed dramatically back when it got to line said, that's it.
Get rid of most of your position, take profits off the table. But on top of that, I've eliminated the rest of my position here in the mid 20s.
Can I keep going higher? Sure. Of course. Do I like the company? Yes, I like management. I
like the company. I like the opportunity. I've been extremely bullish, as you guys know, on AI
since the Dell conference call showing the absolute explosion that we're going to see
in AI activity in the back half of this year. But there are better opportunities. Just like when I said to get out of NVIDIA on January 3rd,
getting out of TSSI now, and been just shifting that money constantly into better risk reward
opportunities in the field of AI. So that takes care of that. Just for housekeeping, for those
of you guys involved in defense, I gave you DRSHF, drone shield.
That's up more than 100% at this point, 116 in fact.
You know, could that pull back?
Yeah, I think that could maybe have a little bit of pullback, though the sentiment obviously
for drone defense is pretty high.
And then on gold, I mean, with the pullback in oil and gold rising again today,
that's a good sign for Geodrill, G-E-O-D-F. They're the ones that get hired by all the gold
miners to pull the gold out of the ground. Their demand is off the hook. Everything continues to
be strong there. They continue to buy more drills and they're trading at a P of something
like five, despite showing a double digit growth year after year after year, which will continue,
I believe until the CEO decides to sell the company. He owns 40% of it. So when he decides
to sell, it'll be sold. And it's right around these levels. I've known him for years. And he
said around the time they get up to about a drills that's when he's going to start thinking about riding off into the sunset and guess what
the last turn he's called they said they were at 98 so um you know with the mna i've seen
recently with ctlp getting bought uh with ossif one of my early oaf ai plays getting bought out
uh mna is definitely an area that I'm focusing on.
And that's a nice transition into a couple of M&A ideas real quick. We have IDN, very interesting
one there. I didn't make this an M&A pick originally.
That's an AI call, right?
You guys see what's going on.
If you haven't seen already, go to YouTube and type in VO3 videos.
The VO3 videos that are coming out now are absolutely stunning.
And it just goes to show that AI is moving at a pace now that even I didn't expect.
And so what does that do for a company like IDN?
Well, it makes it a lot easier to conduct fraud.
Deep fakes are easier than ever.
You can make very – the level of fraud happening out there is stunning.
People are signing up for colleges and getting student aid. They're getting scholarships using fraud. You licenses. IDN is the only five nines source of identifying and verifying a license to be real. And now that you've got these deep fakes coming out
and so perfect, the other methods of determining if something is real or not is becoming less efficacious. And meanwhile,
the IDN solution remains 99.99% efficacious. So they're getting a lot more demand. Big banks,
Truist, Southern Regional Bank, which just upped their contract size by like 10X, Capital One,
you guys know that name, paying them $5 million a year and growing and
telling their customers. You look at Kohl's department store, when they get a credit card,
you see these credit cards, these private label credit cards. Capital One is one of the largest
in terms of creating those private label credit cards for a retailer like Kohl's.
And when they go in and make those deals, they say, say by the way if we're going to make this deal i'll make it sweeter for
you but you have to use idn so we can cut down on fraud loss okay so um now what does that have to
do with idea out of mna well two things one it's a niche solution right it's just licenses but it's
It's one, it's a niche solution, right?
It's just licenses, but it's the license killer, right?
It's the one solution that will eliminate fraud and licenses.
So all of the larger fraud prevention players should want this solution because it will give them a checkbox that the other competitors don't have.
But also, we just had an interesting move by the CEO about a week ago, converted a lot of his options into stock.
And why would somebody do that if you've got a bunch of options?
Why would you convert them into stock unless you're forced to?
Well, when you convert it to stock, the timer starts ticking in terms of you getting long-term capital gains so it's often a sign when you see this kind of action
that the executive involved thinks there's a good chance the company gets acquired
let's say 12 13 18 months down the road so it's basically a little light yellow flag that says
yeah i think we're going to get bought out at some point and i want my shares i want to pay
long-term capital gains on my shares, not short-term.
So that's about it for now.
I've got a couple more new picks coming, so stay tuned for that.
They'll be on my Friday show first, but of course, you know, we're here Monday every week.
So stay tuned.
Great run down there, Money Mark.
Godfather, let's go over to you next.
And I saw Maj joined us.
We'll hit him as well after Godfather.
Okay, I'll try to keep it quick and talk fast.
So I was going to talk about two names,
one of which add on to what Ben was saying on GSRT.
Again, as he mentioned,
there is this Virtual Investor Day
held by Roth Capital on June 25th.
That's Wednesday. It's from 9 to 11 Eastern.
I think it is going to be. Yeah, it's virtual.
So it's broadcast. I think everyone can tune into that.
Look, this is a relative valuation trade play.
The technology here, by all accounts, is exactly what folks are looking for.
It uses LEU, which is low-enriched uranium.
It's helium-cooled.
It doesn't need water to provide stability.
It doesn't have the issues that come with water in terms of a large footprint to do that.
The presence of hydrogen in the water that, you know, led to
explosion concerns in old reactors, all the rest of that. So literally, these things have a 30 by
30 footprint. They're completely modular. You know, I see their zero emission 2040 plan and, you know, talking about at least a gigawatt worth of nuclear power.
Well, if you can go back, you can go back and see a press release from these guys on May 29th that they made a submission to that request for proposal to the New York State Energy Research and Development Authority.
So they are there front and center.
Just a quick recap, SMR 4.9 billion market cap, OCLO 8.5 billion market cap, NNE,
serious questions about their technology actually being usable, cost-effective,
still sports a market cap of $1.6 billion. This company, half a billion. There's $230 million
being raised as well. Worth noting that there are rights that are trading. There are only 2.3 million of them, so the liquidity is very
low. If you punch in the terms on the rights into AI, a lot of AI are spitting out that you need
10 of these rights to buy one share. That's not actually true. I went back to the filings.
one share. That's not actually true. I went back to the filings that initially faked me out as well.
It is one for one. But if this transaction, which is due to close in the second half of this year,
and by the way, it will come trading under the ticker symbol NKLR, nuclear. So I think,
you know, just this happening, we'll put it front and center along with those other names and you will see a re-rating.
But if for whatever reason the deal does not happen, your rights become worth zero.
So this is why they are trading at 650 and the stock is at 1120 or 1117.
If you believe that the deal goes through, which I do, I don't think they would be this far in doing all their IR activities, et cetera.
If it wasn't going to close, there's potentially, and I have taken advantage of it, and I know
others in our Discord have as well, to buy GSRT cheaply.
Switching gears, the name that I wanted to talk about related to the AI theme, I spent the better part of the weekend again doing a deep dive on LIDAR.
And, you know, previously talked about, you know, several other names like Arby, etc.
et cetera. Mobley have spoken about, Inovas. But the one that really jumped out was OUSTR,
Mobley I've spoken about, Inovas.
O-U-S-T. Now, I know this name has doubled since the Q1. In fact, the real catalyst was June 11th
when they announced that they were Blue UAS certified by the DOD. So the thing is, there's a huge disconnect between the potential TAM
and the existing run rate of revenues for this company. So cutting to the chase, this is a pure
play on physical AI, which is where AI is moving, right? Empowering machines to perceive, understand,
interact with the real world. So it's that
bridge between real world autonomous use cases and all of this AI modeling advancements that we have.
So think about things like the eyes on robots, all the industrial automation and the quote unquote
eyes that LIDAR provides for that scanning,
inventory tracking, those kinds of things.
Think about smart cameras that not just monitor a perimeter in terms of people
and all the rest of it, but can actually see what folks are doing
and tell you whether it's something that's suspicious or not,
all that kind of thing.
Traffic monitoring.
I mean, it just goes on and on and on.
They are also in autonomous driving.
The thing about all of their peers is they are, for the most part, autonomous driving centric. And that is a very competitive market.
What sets these guys apart is they are very much in four verticals, which they outline as auto, industrial, smart infrastructure, and robotics.
And smart infrastructure is things like traffic cameras, automatically change lanes based on volumes, these kinds of things, pedestrian safety, you name it.
This company ticks a lot of boxes. First of all, the balance sheet is in great shape. Not only are they in $180 million net cash position fully diluted, but they just canceled
their ETM, which tells you what they think about how long it will take for them to inflect to
EBITDA or cash flow profitability. And it's
relatively soon. By the way, adjusted EBITDA in the most recent quarter was a loss of $8 million.
So again, on a backdrop of $180 million in cash, I'm not very concerned. The thing that I think
the market is sort of realizing here is that one contract from the DoD where they are a sub provider
to a next gen defense company, think of an Andrel, for example, that's, you know, doing a lot of
these things in drones. They all require the vision that LiDAR provides. And it should be
known that to get Blue UAS certification, you have to have an NDAA certified and compliance supply chain, which means that everything's got to be in the U.S.
You can't have any Chinese tech or key parts and all the rest of that.
But these guys already provide technology.
Their technology is already used by the Army, the Navy, NASA, the Transportation Department.
It's used in drones. It's used the Transportation Department. It's used in drones,
it's used in marine vessels, it's used in Army ground vehicles, all the rest of it. So look,
30 million in revenue in the most recent quarter was up some 25%. The company said that they are
going to grow at 30 to 50% a year, basically for the foreseeable future. And they talk about an OPEX that stays at Q323
levels, which leads very quickly to an inflection to profitability. So yes, with the run-up,
it's a lot more expensive than it was just a month or so ago. However, if you roll the current multiples forward a year, I can get to $30 to $35 of value for this company.
And we're talking about five times enterprise value to sales.
We're not talking about the 20 times that you see on some of these other tech companies.
By the way, these guys deliver on both
growth and margin, which are the two things that impact those multiples. So, yeah, they're there
on Robotaxis. They have key customers with May Mobility, which has a joint venture with Uber.
They are joint ventured with NVIDIA in smart cities with NVIDIA Metropolis. They're joint ventured with NVIDIA in smart cities, with NVIDIA Metropolis. They're joint ventured with NVIDIA on autonomous vehicles, with NVIDIA Drive.
They're there with NVIDIA on robotics, with NVIDIA Isaac.
So they're in all of the key sectors.
Their technology has been validated by some of the largest companies in the world,
like Komatsu, which makes autonomous mining equipment and so on.
I could go on and on, but in essence of time, I'll leave it there.
The key thing to understand is these guys are spending at a rate on R&D that you would expect.
Unlike a GRRR, for example, which has been an ATM for our community, shorting it every time it pops to the upside. These guys spend on a quarterly basis more than what GRR, which purports to be in smart cities,
spent in all of last fiscal year.
So they have new product that's coming out, new custom silicon, new products.
They have a software stack that goes along with their hardware, much the same as
NVIDIA does that has led to NVIDIA's position in the marketplace. And that software stack,
in combination with leading edge hardware, is continually providing new features.
And every time you add a new feature, it's keeping the ASPs up. And of course,
the more of these things that are installed, the more access to the cloud, which manages all of
this stuff, the increased portion of software sales, higher margin, higher recurring revenues,
all the rest of it. So the TAM, it's absolutely massive. It's just a matter of time, I think, before you see them announce a deal where they're a subcontractor to Andruil, for example, on some big trillion dollar, billion dollar, multibillion dollar DOD contract.
And this thing is going to absolutely explode to the upside.
So I'll leave it there.
Hey, Godfather, that's a great call. And I can
actually add to what you said. AI is all about data. And what these LiDAR sensors do is provide
the machines with a three-dimensional awareness of the world. And so there was even a podcast about a week or so ago where they talked about
creating the 3D earth, right? Collecting all data about where everything is, how high it is,
altitudes, dimensions, et cetera, and feeding that all into the AI machine. And so that is like one of the frontiers that they're looking for.
You see, obviously, we can ask questions, we can have pictures made, we can have videos made,
but now you have some of these other things that are expanding out in terms of what AI can do.
And make no mistake, the folks, the powers that be in terms of AI want every bit of
LiDAR information that can be collected. So being best of breed in that space is a great place to
be. My play in there has been ITMSF InterMap. They actually utilize LiDAR technology so they could end up being a customer or a partner or what have you.
They won a major contract with Indonesia to map out their country, and they've been customers
in the United States for a long time for similar reasons. So really amazing find on your part. Thanks.
I'll just make one comment about that. So we are right now transitioning from first gen LiDAR, which is 2D, as you mentioned, into 3D LiDAR. And the
significant thing about this June 11 DoD approval that really set the stock on this sort of
parabolic course it's on at the moment was that this is the very first high-res 3D LiDAR that's been
approved by the DoD. And their existing client base, the Komatsu's I mentioned and so on,
that have been utilizing their 2D technology are now upgrading to their 3D technology. So
it's important that you mentioned the 3D LIDAR. I forgot to sort of
delineate that, but again, I'll leave it there. And that's ticker symbol OUST house. I know we're
running a little bit late, but Godfather, if I could pick your brain about a stock that we're
both into, MIND, M-I-N-D. I mean, what is going
on here, right? So we've been in the stock, I own it long term, but look at the volume
and the price action since Thursday, Friday. We know in the last earnings report in the
conference call they had mentioned the possibility of selling the company. But I mean, for someone who's not in this stock, when you look at this,
up 26% on no news, $8.30. What do you think about this? Is this a time to buy here? What's
the additional upside look like? And what do you think is going on here?
Yeah, so I've talked about this a number of times. The fair value just based on run rate
in the business without any sort of strategic premium that typically
comes from an acquisition is $10. So, you know, on a takeout premium, what is that? 13, you know,
20, 30%. That's typically what you see or more. It depends. But yeah, to your point, in fact,
the last two quarterly releases, they said the same thing. And I'll read you exactly what they
said in the last one. We believe that to maximize stockholder value, mine needs additional scale.
We have identified organic growth opportunities to help grow the company. However, we also believe
there are several other ways to achieve additional scale, including acquiring businesses or combining
with other organizations or an outright sale of the company.
All of these options are open to us. We intend to analyze and investigate.
And by the way, we have retained and they go to site their financial advisor.
So the stock is telling you something. There's sparks and smoke in the trading action that there's some fire underneath.
sparks and smoke in the trading action that there's some fire underneath. I think this is
more than just the fact that they're presenting at an investor conference here upcoming tomorrow.
But yeah, look, this thing, it goes through these periods of being ignored by the market and then
people grappling with the fact that, yeah, they do have world-class technology in a tiny market cap.
You know, and again, we're talking about a company that has less than 8 million shares in the float.
So, and is highly profitable, net cash.
Yeah, I mean, it's just undervalued with leading edge technology.
technology. I said for a while, someone's going to buy this. Anyone like their large customers
I said for a while, someone's going to buy this.
like Schlumberger or, you know, any of the other big geophysical companies that want to add the
marine element to it. And again, you know, this is used for mapping sea bottoms for, you want to
install offshore wind towers. You need to know, you know, what you're installing them on. It does
go down, you know, not like deep mining distances, but it does go down several hundred meters.
So for seabed mining, which is, of course, a new frontier, you know, all the rest of it.
Yeah, look, I think you just got to listen to the market.
I've taken a little bit off here, but at the same time, I'm holding some because I do believe that this thing is going to get taken out at around that $15 level. And if it doesn't,
the market will arbitrage the value to double digits in any event. So we're getting close
already. I want to give Maj a chance to jump in. That was a great deep dive and back and forth
between a few of those. I want to give Maj, we have a little bit of time
to go over here.
I know some people
may have to drop,
but Maj, great to have you on here.
Thanks for joining.
What's on your mind today?
Hey, thanks, man.
Yeah, and I wanted to add
something with the mind.
Great stuff there, Godfather.
But this is, I think,
is a clear case
of information arbitrage again, where if you read the transcripts,
the stock fell after Q4 numbers, after having a decent Q4, but Europe year was down, and
on the conference call, they kind of mentioned that Q1 would normalize, and I guess the rest
of the year common guidance wasn't off the charts and the stock fell.
And then all of a sudden you have this weak Q1 headline trend, right?
And the stock's a little weak.
Then again, the transcript and the live call really the sentiment was totally a total 180 to a positive kind of narrative,
especially going into Q2 and the rest of the year.
So it seems like the growth prospects have already improved from Q4.
And, you know, you saw that initial sell-off as everybody saw the headline number.
And then I think now what you're seeing here is that all that information from the Q1 script, actually, is starting to come out there.
And, you know, combine it with everything else going on, I just think it's just, you know, price discovery. So, you know, the, is starting to come out there, and you combine it with everything else going on.
I just think it's just price discovery.
And the stock is very, very cheap.
They can do 25, 30-cent quarters, which they probably can on a normalized basis.
It's a very lumpy business, so you'll have these opportunities to buy the stock on dips once in a while with mine.
So that's what I wanted to say about mine.
Real quick, I wanted to get in – really – I'll make it real short here.
My next data center kind of – I have a few data center stocks at like right now, TSI and TGEN. But FT-EK is really interesting.
FuelTech reminds me of this – I don't want to say it's as good as TGN or TSS, but it has a little bit of TGN in it.
It's a boring infrastructure company that basically has solutions for it, like emission control solutions.
And the company's legacy to this was really tied to coal, and the revenues have come down, as you can imagine, from that and kind of settled at $30 million a year.
Very boring company, not making much money or any money, but has a nice cash balance of a dollar a share.
Tangible value is $1.25, just waiting for something to happen. sudden, when you read the Q4 transcript, you start seeing a real small blur about their
emission control solutions being relevant in the data center world, mainly selling their
solutions to OEMs.
So these OEMs who are making natural gas turbines need to have a emission control solution tagged
along with an order.
And that's even more relevant these days.
And state by state, you're starting to see more regulation on that.
So it kind of created this new opportunity for them.
Well, it seems like it's new.
If you go back and look at the history of the company back in 2018,
they actually won a data center contract for about $20 million.
I think it was almost $20 million or so to a hyperscaler.
And so they're not new to this kind of
market. And when you start
reading the tea leaves, you start seeing that they have
several bids already. The OEMs
that are using have several bids already in for the product.
And I
just think it's
if they were to get, you have this really
downside protection in the mid-1s
with this really
big upside. And if you do the math with the margins, the mid ones with this really big upside and if you do the math with
the margins the gross margins of this will be about 25 probably on these things which is lower
than their legacy gross margins around 40 or so but still the office will be flat and you can start
getting a like on one of these contracts you could double the size of the company and
get the company to maybe a little bit of profitability.
If you get to three of these, you get three of these things, like decent size orders,
now you're doing a stock with 50 cents an EPS potentially.
It becomes very, very, very profitable.
And so I think you're seeing the stock price recently going for a buck here now.
You're starting to see this very slow discovery that's accelerating right now.
And I think you're going to see a pretty big acceleration of that.
And hopefully, and if they win a contract, you just see, I think they're actually closer to winning a contract.
Maybe they can TGEN on their side.
Their bids are already in.
I think there's about five bids
in through three OEMs or whatever. I'm not sure.
But they mentioned in their script that
they have a bunch of these bids already in.
I like the probability.
This is a situation where are they going to get a contract
and where the odds are low because
they've proven they've already dealt with it
in a hyperscaler in the past.
So that's FTEK.
PPIH is a pretty interesting company that has a small data center component.
They make piping solutions out there. They have Middle East
operations in Canada and the U.S.
It's a great play on infrastructure.
The Middle East is really building out the infrastructure. Now you have this war going on,
and there might be some speculation that that might even get more orders.
But they're back on their record highs right now.
Their last quarter was a blowout quarter, I think a 60-cent quarter out in the blue.
Backwell was like $123 million.
It was pretty much running around $50, $60 million a quarter.
And there is a small data center thing going on now, too, with some of their piping solutions.
So that's just starting to percolate. So that's all i got man so i just wanted to bring those things to light
anybody has any additional thoughts on that topic we can go ahead and hit those if not
we'll go ahead and roll over to dougie. I'll give you a chance to get that voice maybe rested a little bit here in this space.
But what's been on your radar, Dougie Fresh?
So that DNN, that Denson Mines, it's a uranium company.
We've been talking about that.
It is setting up just a little bit of pullback right here.
It's recently run up, hit some resistance.
You're pulling back just a little bit.
I would look at it right
around like 168 it's at 174 and that is looking pretty good they continue to run up and there's
open door technologies it's open and that thing i've just been watching dip down here and i think
that's going to be getting set up soon so that's got it's on my radar right now so i'll keep you
guys posted but i've been watching this thing pull back for a little while now and i'm just going to keep an eye on this and see if
it wants to get set up it's hitting some good resistance spots or support spots i mean and it
looks like it might want to get moving so i've been keeping an eye on that and i know we mentioned
the i think it was last week was last week that ben was away and uh we were talking about grrr
because i know you guys love it in the Discord, shorten it.
And remember, I said get ready for it to pop up there, and it certainly did pop Friday.
And here you go.
I know you guys are shorting it down there.
So there you go, Godfather.
That was a joint effort right there, because I knew that thing was setting up.
It popped, and I know you get all over that thing when it's run up there
and like to short it down.
So that was a beauty, and I'll you get all over that thing when it's run up there and like to short it down.
So that was a beauty and I'll just leave it at that.
And thank you very much for having me on every week.
Hey,
Dougie,
I'd like your opinion on GSRT.
I'm curious how you approach a stock like this with limited chart history and all time highs.
Do you have any quick take on that, we'd love to hear it.
Sure. Yeah, it's not, it's been topping out.
It's like hitting that very top.
It's gotten into the top area over that 70, um, RSI a few times here.
And right now it's just hitting the line. It's like 69, 70.
It's bouncing around, but it was up today. What was the tie, like 1149?
It does look like it wants to push in that momentum, wants to push into there,
and you know that they love the run once they get up there.
So I'll definitely keep an eye. It just has that little pullback look today, but it does not look bad.
So I can say tomorrow we'll probably know if it's popping in there,
and I don't think it's going to dip down too hard, to be honest with you, with that GRST.
SPRO, that one seems to have hit some resistance right there.
And it's in the top.
I would be careful with that possibly pulling back a little bit to that 20 area, that 250.
So I think your GSRT looks pretty solid.
And we'll get into the top.
That SPRO seems like it's been in the top.
And Microsoft, guys, what is going on at Microsoft today?
It was up like $10.
It looked like it was about to pull out of the top today and then boom right back in there and just keeps running.
So I don't even know these things.
I'm telling you, I don't think this little war thing is going to bother anything at the moment.
The market's booming right now.
I mean, things are looking good.
The SPY is up almost back to 600.
It's at 590.
It was just at 599-something.
So I don't know.
I don't think there's – it looks like it's getting ready to bounce back up.
I've been thinking that it wants to hit the 610 area this whole time before we see that pullback.
And I think we might see it. And and that's on the spy obviously so yeah it is a crazy market like you were asking
earlier and is uh the market crazier than vegas yeah i have to say 100 must be because this thing
has just fluctuated like five six times in this last hour and 20 minutes that we've been on the show. So what a wild market and it's exciting.
So that's what I see.
And mind guys,
you're right.
Mind is out of its mind right now.
And it looks like it's going to continue to run out of its mind into that
top.
So that did look really good.
It's your point,
Doug.
It's really interesting.
We've,
we had like a,
like if you look at the NASDAQ QQQ, we had a bearish engulfing on Friday, and it's really interesting how quickly the Trump administration reported by CNN.
So they're not planning to do any type of retaliation to the attacks on Qatar.
So, yeah, here we are with maybe the uncertainty pouring back out.
And we just know that there's a bit under this market.
We've known that we continue to reiterate it. Are there still risks out there? Yeah, absolutely. But the
uncertainty levels, I think, we may have seen the highs of those. I don't know. We'll have to see
what happens, of course. Anybody else wants to throw in here? I mean, real quick, just as we
started to show the IWm did not look that great
and now it's up a dollar 36 and it's starting to curl up and look good and you're talking what an
hour and like 15 minutes later yeah i mean it's kind of crazy it's really a wild market right now
guys it's it's fluctuating very fast and it's moving all over so, just to give you an idea of how fast it's moving and how crazy.
Absolutely. Any, uh, any final comments, thoughts, anybody wants to leave, uh, the audience with
today, you should go in and make sure you're following all these great speakers and panelists
as always. I know I say that every week, but they, uh, they definitely are worth it. Their timelines,
the other live streams and things that they do both on and off this app are
incredible.
This is just a little taste of what we get each and every day from these guys,
this great crew up here.
Big shout out to the crew for sure.
Ben,
anything from you to leave with the people today?
I think we cover a lot of good stuff.
Good to go.
We'll see you at 5 o'clock on the
Stop Picking Show.
I haven't even looked and see where we're at on that.
It's
a long way to go nowhere.
Actually, oh, you had a great pick.
You had TSLL. I think you won.
Oh, I think you're winning because you had TSLL.
Good job.
Oh, Lord.
You're in the first place.
John Deere's got a slow start here, but Good job. Oh, Lord. Am I? Okay. Good job. All right.
John Deere's got a slow start here, but TSLL hanging in there.
All right.
Well, I'm in the lead.
I see a couple other familiar names up here as well.
We'll see what happens.
Markets really gone nowhere since last Monday when you look at the big picture of things.
So it'll be interesting.
Make sure you tune into that.
That will be at 5 p.m. right here on Wolf Financial for the time being.
I'm going to close this down.
Of course, like I said earlier, if you missed any part of this great conversation from macro thoughts all the way down to some of the individual names called out, this will become a recording.
As soon as I close this out, you can go back and listen to any of the thoughts shared here.
And we appreciate everyone for tuning in.
Big shout out to the crew as well up here on stage
each and every Monday, 1 p.m. Eastern for the Small Cap Investing Show. Take care, everyone.
We'll see you guys on the next space, which for me is back to some live trading for a little bit.
And then Stocks on Space is Power Hour. We'll get some reactions to everything going on.
I need some of these oil experts to come on and tell me
how much I need to short oil right now. I don't know. We'll see what happens. All right, guys.
Appreciate everyone for tuning in. We'll see you guys on the next space. And of course,
don't miss that tonight with Ben, myself, and several others on Stock Fix for the week at five.
Take care, everyone. Thank you.
