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STOCK MARKET TALK
Recorded: Dec. 22, 2025 Duration: 2:01:24Space Recording
Short Summary
In a lively discussion, market participants analyzed the upcoming Christmas numbers from Amazon, highlighting potential catalysts for growth in the retail sector. The conversation also touched on the performance of Bitcoin and its implications for the broader market, with insights into the trends and challenges facing both traditional stocks and cryptocurrencies.
Full Transcription
what is up what is up everybody how are we? We are back with another day, another week of stocks on spaces.
Obviously, this is going to be a little bit of a shortened week as it is Christmas. It is the holiday season.
Markets will be closed on Wednesday at 1 p.m. Eastern and will be fully closed on Thursday.
But, but, but, but we are here in the first half of the week. The markets are open. I'm excited.
We are here in the first half of the week.
The markets are open.
I'm excited.
I appreciate everyone for coming in and hanging out with us on this wonderful Monday, December 22nd.
Space stocks are hot.
My portfolio was more green this morning.
It's coming back down a little bit.
I see Scott Redler joining us up here.
When I'm looking over at the market, the ETF portfolio right now,
which is a little bit more QQQ weighted than SPY weighted is up 0.5% of the day, has not seen the same drawdown that my individual
single stock portfolio has had, which means to tell me that crypto is underperforming in
the second half of this day.
Yep, there it is, Ethereum, with a little bit of a move lower.
Mag7 names are a little bit, some green, some red, we'll see, but I do see a Scott Redler
joining us up here.
Mr. Scott, how are you doing, sir? a little bit uh some green some red we'll see but i do see a scott redler joining us up here mr scott
how are you doing sir
not quite hearing from him just yet but i'm sure he will unmute in a second there we go can you
hear me now i got you sir how are you doing scott i'm good i'm on my airpods i just want to make sure it's going through can you hear me
through it yeah yeah no it sounds pretty decent it sounds pretty decent what do you normally use
uh i usually use my phone sometimes but right now i actually have a little bit of a head cold
so i don't want to talk too loud and my throat's killing me a little bit so uh it's all good
i'm sorry to hear that honestly if you wanted to Honestly, however much you want to go on this one this holiday week,
there's absolutely no pressure,
especially when we're feeling a little under the weather there.
We appreciate you showing up.
No, I'm good. I'm good.
Well, I will say, if you want to start with sequences,
I like to talk about active sequences
because there was a lot of thought on would we have this move this week
and can we make money you know for Santa Claus and
uh you know Thursday was really the day when the you know when the CPI came in tame um the market
stabilized I know for me as an active trader I put on a lot more risk on Friday because you had
the queues and you had tech start to really perk up you know you had the the queues take out 613.56
which was the high of Wednesday,
which was like a doji. And then it took back both moving averages. So coming in today, it's nice
that at least we had a gap open and you got paid to take on risk. And you're seeing some strong
moves. It's not like just broken bounces. There's like a lot of broken bounces in the market,
but you're also seeing some power. You're seeing some new highs. So that's always nice to see versus just range trading.
I think the range trading gets old, gets tiring.
So every now and then when you have a name that like even like a Rocket Labs that could
actually repair like it did after coming all the way into 40 and then now make a new high
above 74 tells you that it can happen and not everywhere.
above 74 tells you that it can happen, you know, not everywhere. You know, then you have an ASTS
that got back to 85 after pulling back to 65. So it's good to see that some of the like the best
names that, you know, are coming out with good news and, you know, fulfilling parts of their
narratives get rewarded because they're not all like that. So for me, I saw that group, you know,
really strong on Friday.
So I bought a little bit of the drone names
or some of the other names like UMAC
was a nice buy on Friday.
Did a power play there.
Didn't look like much and it had a nice move
and it still looks like there's a lot of room there.
I bought a little ACHR.
You know, this still is just rebuilding.
So there's some of these names
that are still rebuilding
that could still be good.
Then you have like Joby could have been better today,
but it's still hanging around.
It's like 1480.
So there's a lot of like these growth names
that are some are bouncing back better than others.
They're not all created equal.
And then if you go to MAG7,
which everybody said was left for dead,
wasn't really left for dead. It's just not leading and you have to be a little bit more careful. Tesla today tried
again. I would have loved it to get above $495 and be at $300 right now, but I don't think it's the
end of the world that it got above, hit $498. They tried to fail it. They tried to be cute.
And buyers still stepped in. So still think tesla looks great ultimately for
2026 so it looks awesome but for whether or not they're going to pay us to have a frisky move
during christmas week is still kind of flapping in the wind but i do think you know the odds are
uh we can see 500 this week i was feeling a little you know off a little bit before when it was down
to 488 and it looked like it was going to be a topping tail breakout failure but you know, off a little bit before when it was down to 488 and it looked like it was going to be a topping tail breakout failure. But, you know, they came in for it, which was nice. Apple, I don't know
what the hell's going on there. It's still a pain in the butt. I bought some 270, 250 calls for this
Friday. It's still fine, but it's just, I guess, a source of funds. I do think Amazon got better.
So that's another idea for this week. I've been buying the 230 calls for Friday, and then I also bought some 230 calls for January 16th.
Scott, they're going to give their Christmas numbers on Friday morning pre-market.
What's up, Options Mike? That's good.
Just as an FYI, I know you're in it, and they're expecting numbers for them Friday morning pre-market.
Oh, that's helpful.
A little catalyst on Friday could be what the doctor orders
because right now it's kind of like flopping in the wind and nothing's really getting going um
and yeah there's like you know it feels like there's something for everyone you know that
we've lost a lot of like the headwinds like last week going into wednesday there were like a lot
of headwinds you had oracle still making lower lows. So people were like, oh my God, look at Oracle.
Broadcast making lower lows.
Oh my God, look at that.
Bitcoin looked like it was going to break 85 and it didn't.
So like a lot of the things that were a drag,
even Nvidia wasn't great.
The drags got out of the danger zone
and some things acted better.
And, you know, you kind of put it all together.
And there were some nice trades, you know,
between last week into today.
And it does feel like I don't know what's going to throw it off.
Tesla could have kind of threw it off.
If it closes like below the lows of the day
and puts in a crazy topping tail,
people would be like, ah, I was a trap.
But it just, I don't think it's that.
I hope it's not that.
I don't want to talk my book.
But, you know, I think that's something that, you know,
people would look at as a gauge of, know of uh of a short-term um exhaustion but i don't think so you know then you
have gold and silver that that is crushing it and people are making money hand over fist you have the
asset allocators happy you have guys that follow the 8 21 day because gold and silver has been
above all that so there's really a lot to like know, unless you're just an opinionated short or
I don't even know, you know, maybe someone, you know, did something to your Cheerios.
There's definitely a lot to like on all different timeframes.
I wouldn't like though, you know, I guess a little piss in my Cheerios.
If Tesla closes below 485 today, then all of a sudden the trade kind of changes and it
needs more time and that could bring some risk down in other places. but we'll see how that goes there's a lot of time left
today i appreciate what are you looking at option mike yeah mike what are you looking at you know
um today is kind of like for me a typical for the next two weeks a typical day these next two weeks
they're slow that's hard to find momentum at times it It's wishy-washy. I think to me, the gap. So first of all, we go back
to last week, you know, Thursday, that gap up, you have all the shorts trapped, right? Everybody
went home short, you know, closed on the lows and you have a gap up. And here we are, what,
four bucks from all time highs in the spy again. I think this is just a it's a slow the next two weeks are slow
there's just not a lot of momentum there's nothing wrong here so for me today i caught tesla with
the options out of the gate you know i had tesla palantir nvidia amd and micron as and hood as my
top names today and uh hood and amd and nvidia never gave me a reason to get into them but
tesla and palantir did a trade them both and had nice wins and when they started coming in they couldn't hold the high as I got out
I agree with you Scott nice recovery here on Tesla I was I really didn't like how far they
brought it back down let me honest with you I mean I got out quickly on that took a loss on
the last couple options but I mean you know they took it all the way down almost a 485 I'm like what what are you doing I mean this is just not the action you
want to see well we're about to lose the high from Friday on Tesla so let's not
speak quickly I thought Nvidia should have run today I have a third left
that's what I'm kind of like thinking you know we'd like like would you put
like did you have Tesla coming into today or you put it on today?
I grabbed calls quickly out of the gate.
I grabbed the – I'll tell you exactly what I did.
I grabbed the weekly 520s at 785, sold most of them at 845.
Again, I'm not trying to make big money here, right?
Just make money.
And the last two, I had 10 close at 685.
So it was a trade.
So it wasn't a huge trade
it was a win and palantir i did good on it so i came in with the 500s and the
no i get it i'm just trying to think for everyone to think about this like i came in also i bought
i bought more i sold you know i could some a little bit of 497 but i'm like if this goes to
500 or 505 i need to have at least a third on.
And now I'm going to lose on that last third.
Or at least, you know.
At least you're not in the position you want to be right now at the moment.
Yeah, I get it.
And it's just, you know, I always tell people, you don't want to overture.
First of all, you want to avoid short-term options unless you're very comfortable in this last two weeks.
You want to look for where there's some momentum.
The banks had it today.
And honestly, I didn't trade them.
I should have.
But the banks had a lot of momentum today.
The IWM had a lot of momentum today.
They still are – I mean, in my opinion, they're still kind of screwing around with the MAG7 and tech, right?
None of them really were great today.
I mean, I think it's been more of a stock picker's market
for the last few weeks.
This whole year has been very forgiving.
Like people can have sloppy entries
and the market bails them out.
But I think it's got a little tighter the last few weeks.
But there are names that are working,
like a name that I've been talking about for a
long time, Poet, is doing really good today. UMAC is doing good. I actually came in with a
decent Tesla position, but it's one that I started when that dipshit Tim Walz did his thing about
bagging on the company back at like $227,'ve been trading around it uh for a few months now so
i got a lot of room on that but i do think it's getting it's getting on here fjet is calling
highs of the day what is oh fjet am i still on here i'm sorry yeah you're still here mike
sorry i apologize i i've been getting kicked off of spaces all day that's all right i've been in
and out of costco all day so like I don't even know where I'm at.
So there's just a lot of names that are working.
But then some of the traditional names that people have been going to for the last few months aren't working.
So I think it's just a less forgiving market as we get closer to the end of the year.
And to be honest, that's the way the market is normally.
I really think that this year is kind of an outlier market.
Like I said, I know a lot of people that think they're geniuses this year because they made a lot of money, but they really don't have a methodology, and they're really not risk first.
I think we're just going back to the norm of how the market should be, and Tesla is just about ready to lose its high from Friday.
be and tesla is just about ready to lose its uh high from friday
yeah it's so funny how like a stock can go from looking so great to like all of a sudden vulnerable
just by one candle these days that's how flimsy the market is at times you can go from looking
like it's about to break above 495 get the 500 then failing there with the ugly candle where
now you have to be careful just in case.
That's how quick.
Yeah, if you trade it this way.
It doesn't do anything to the narrative for 2026. Right.
It does something to this week's potential if you get paid in December or not.
Right.
Yeah.
I mean, look, if you put Tesla on a weekly chart, it still looks fantastic.
But you're right.
If you're a short-term trader in it, it's a little bit more frustrating.
Yeah, definitely. fantastic but you're right if you're a short-term trader in it it's been a little bit more frustrating yeah definitely um you know today could put a little bit of a you know a little bit of a skepticism on whether or not at least today tomorrow like you like the other day did the
same thing and had a very weak day but then repaired real fast and was good so just because
it's still up nine dollars you know it's still. It's just it would have been nicer if it played well in the sandbox.
Right now it's kicking some sand in everybody's face for now.
But that's fine.
That's the way the market is.
They don't give money away on trees.
But this is what I mean.
Even guys like you and I and Mike who have been doing this for a long time,
I think we've kind of gotten into that thing where we're expecting stocks to close at the highs of their day
and follow through every day.
And doing this for 40 years, that's usually not how the market is.
So I think we're just kind of getting back to a normal style market.
Listen, I like it. And I get what you said about, you know, if you think about the year,
though, in Mag7, like in the last last six months it was all different you know in the
first half of the year meta and microsoft could do no wrong and then they could do no right
then apple finally had a move and now it's been out of play for a month amazon just came to an
earnings move and that was horrible netflix has been from 130 to 95 has been horrible tesla has
been very frustrating at times and then giving you pockets. It's not
like, you know, it's a bubble where everything's moving together, like you said, and you could
just, you know, make money in every which way you look. It's been very selective within groups
and within, yeah, from group to group, let alone within groups, which is what I mean.
And I think the other thing, we're going back to Tesla is, I mean, we are trying to break
through all-time highs.
So just by definition, there's going to be a lot of overhead resistance there.
There's going to be people that want to short it.
So the idea that it would just break through and go is probably at least wishful thinking on my part.
I mean I wish it would do that.
But it's probably going to have to work at this level for a while before we see we we see it make a meaningful uh run above 500
at least i think so well that's what it's kind of saying right now so i get it i get it um and
we'll see you know but then yeah we just gotta make sure you don't have too much at the wrong
time so then if it does shake you out then you're not back in and when the next time it's ready to go we've seen that in so many different
names across so many different places but um like you've seen you know like think about how good
asts and and rklb was like if you played it wrong you know you didn't you didn't get really nice
moves out of these names because they've had their times when they've corrected.
Like ASTS corrected from 101 to 50.
If you didn't take a trade up there and if you started too early, chances are you didn't make it.
You know, so anyway, you got to continue to just work on your levels and work on your sizing and work on your time frame
and work on your mind to make sure you don't burn out when something that you think should happen finally is ready to happen that you're there for it because you know it's it
easily it could could get you off off rhythm and rhythm is is very key in the stock market to have
yeah and pullbacks like what you see in asts or what we saw there that really exposes holes in
people's games because i know there are a lot of people that were just kind of buy the dip buy the dip they would buy every dip on asts and that always
works until it doesn't work and so that retracement from 100 to 50 i think a lot of people got hurt
bad because they bought the first pullback and they thought oh it will just go up and then they
bought the second pullback then you get to the third pullback and you're pushing up against the
edge of your margin limits and you're outsized and then it doesn't take much of a move to blow you out i
know a lot of people that blew up on this pullback on ast and gave back all that they made or even
more and that's again that just shows like you don't have a methodology and you're just kind of
flying by the seat of your pants and hey we've all've all done that. Like we've all been there.
But it's a great time to say,
maybe I should do something different.
Maybe I should be looking at, you know,
either a technical approach or approach that's risk averse.
You know, because we want to do this for
not just next year and the year after that.
Like we want to do this for decades.
And the only way you can do that
and the only way you can stay in the game
is to make sure you don't blow up.
Yeah, and have a methodology 100 correct and then you work on it and then you just start to just do more and more and more and more you know so you could take more out of the market
when you're ready to take more out of the market um like i remember like you know i've been like
you said you've been doing this 40 years i've been been doing it for, I don't even know, since 98.
I treat my buying powers, I'm like a small portfolio manager now.
I have to figure out how comfortably can I have money in the market working for me all different ways,
depending on what the market's doing and where we're at.
That could be in a great market, a ton of swing trades,
and then day trading around it in a volatile market
where we're breaking levels in a lot less swings
and more day trading or a trending, trending, trending market
where you have a little bit of everything going on.
It all depends.
And right now, when you're in a little bit of a choppy market,
which we've had also,
then you're not seeing it or you're at a rhythm, then you just have to have less on until, like I had a lot less on in the past week or two until literally Thursday after.
And I was pretty light going into the CPI because the market just didn't feel good.
And then finally, Thursday, I'm like, okay, CPI is out of the way.
Finally, Thursday, I'm like, okay, CPI is out of the way.
Some of these things are out of the danger zone.
Some of these things are out of the danger zone.
Then Friday gave me a little bit of confidence to put more actively in.
And then today you had time to trim.
And now we've got to figure out what's going to happen here between now and the rest of this week.
How involved do you want to be?
Because, again, it's Christmas time.
You want to hang out with your friends, your family.
You don't want to do too much, especially put yourself in a bad mood
if things aren't working like Tesla today, maybe.
If anything, you have to almost get out of the shares
and buy some options just because, again,
you don't want to be stuck in a name
that all of a sudden changes.
Like think about when Apple changed.
Apple is the best stock out there.
A few weeks ago, went through 288 to 289,
came back below,
and hasn't really had a good day since, right through 288 to 289, came back below, and hasn't really
had a good day since, right? A lot of you guys here trade Apple. It's fine as an investment,
but trading it, it was awesome until that day. And then if you tried buying a dip, you know,
it's been horrible since. So you want to make sure that once you get a topping tail in a trade
or a name, you know, you don't say, hey, just because it's been working
for a bunch of weeks, you just could start going back to it with a false sense of security
because things change and you got to make sure you realize when they change.
Yeah. And look, I had been doing this for 40 years, but I did it badly, like really badly
for about 20 of those 40 years, right? I mean, I blew my account up.
You're still here?
Yeah. I mean, but look, I'll be honest. In those first 40 years, right? I mean, I blew my account up. Are you still here? Yeah, I mean, but look, I'll be honest.
In those first 20 years, I had a business of my own,
and I was trading on the side.
And a couple times, I blew my account up,
and I had to refund it.
And every time I get on one of these spaces,
or any time I'm talking to subscribers,
anyone, I'm talking to a random person on the corner,
and I am talking about the markets,
or I'm talking about methodology, whatever, it may seem like I'm talking to you random person on the corner and I am talking about the markets or I'm talking about methodology, whatever.
It may seem like I'm talking to you or to the audience, but I'm really talking to myself, right?
I'm just really self-reinforcing things because it's not, you know, it's like you don't go to the gym once and work out and then you're in shape for the rest of your life.
Being a profitable trader is a process.
And I had 20 really bad years and I thought, oh, I figured everything out, and I did well for a while, and then I ran into the financial crisis, and I had never seen a market like that.
So it takes some battle scars, but what I hope to do, and I know you hope to do this too, Scott and Mike, is we're hopefully talking to people that have been doing this one year, three years, five years that maybe haven't seen those bad blowups or those really crazy markets. And we're trying to say, just be careful.
I know that, you know, it's, this is going to sound really like pedantic, but it's like,
it's like talking to your kids. You want to try to tell them your mistakes that you made so that
they don't make them. And I know everyone's got to make some of their own mistakes, but I just,
I really, I know lives can be changed by blowups in the market, and I hate to see it.
And so that's why in a market like this, a year like this that's been fantastic, that people have been coining money, I just hope people are looking at their trades, their methodology, and making sure that it's a little bit more bulletproof.
It can handle markets other than this market.
Because we will have a market like 2022 again at some point, right?
And it's just going to happen.
And I don't want to see people give all their money back or blow their accounts up.
I've been there and it sucks.
Great advice.
I agree.
Great advice.
Can I ask you guys a little bit? You know, go for it okay you're good fish that they're all coming after
no i just mean like you know one of the ways not to blow up is just not really do margin so you
have time like those people who are in asts or rklb or or iron during that crazy pullback in October, if you had it on as investment,
you just sat through it. If you, you know, on crazy margin, you probably got stopped out near
the lows and they repaired pretty quick. So if you're trading and using buying power,
that's one thing. And you get a percentage of your P&L monthly or quarterly, that's one thing.
But if you have like an investment account that you don't really take money out of and you're on margin and you're buying things to make more money, all of a sudden a bad time happens and you can get zeroed out and then you could owe your brokerage account money.
So don't be on margin unless it's like a little intraday or whatnot.
or whatnot that, you know,
That'll keep you from blowing up and keeping the game a lot longer.
that'll keep you from blowing up and keeping the game a lot longer.
I want to ask, and obviously we have Wolfie and logical.
You guys can feel free to jump in on the conversation here.
I always enjoy these, these Monday spaces, first hour Scott coming on here.
If you guys are not following Scott Redler, you are completely missing out.
Obviously we're at the end of the year right now, Scott,
you talk a lot about being paid quarterly as well. So actually monthly, but a lot of people, I don't know, mixing up. You talk
both. I think you're paid monthly, but you could be quarterly. Most guys in my firm is monthly. I'm
quarterly because I'm a partner. So it gives me a little bit more room not to worry where I am
within the month because I don't want to give certain things back or I want to make sure I
lock in a certain amount. It actually wouldn't have changed the point of my question as well because not only
at the month, end of the month, end of the quarter, but end of the year as well. I hear a lot of people
talking about, and even on this space as well, it's like there is some stuff that is just another day,
it is tomorrow versus trying to change your whole style year to year. But also there are these tax implications
and all of that stuff like this.
How do you kind of, and also for you,
it's also the time when you're getting paid
as well directly.
So I'm just curious this end of the year type of thing,
how much do you just not pay attention to stuff
and just let it go off the side?
How much do you really dig in
and get some rules around this time?
I'm curious what this time of year looks like.
No, no, you have to be aware because you sometimes have the really, really, really bad names
that become awesome because of the January effect. And they all of a sudden don't have people just
selling it for because they have so many other gains. So sometimes you have to know where you
are a little bit in the calendar. Like right now it's December 22nd. So if someone's booked a lot of profits,
they might just look at whatever's not working
and just sell it indiscriminately.
So that creates pressure on bad names.
But then the reason why you call it the January effect
because you can't take losses on them anymore.
So all of a sudden they lift.
So like there are names like Chipotle I have on
as a January effect play.
Toast, you know, is beat up. That's a January effect play. Toast, you know, is beat up.
That's a January effect play.
Cava.
So that's one thing.
And then sometimes if you're trying to short a strong name,
you know, no one's going to sell it in the last week or two
because who's going to want to pay taxes on the strongest names in 2000?
You know, if you sell it now, you got to pay taxes for 2025.
So they wait till 2026.
So sometimes the strongest names stay strong through the year end.
And then you have to be very careful the first few days of the new year because like,
ah, now I can sell it.
I don't have to worry about paying taxes until, you know, 2027.
So there's lots of like mechanical things that if you're very micro and you get paid
monthly or quarterly, you have to think about, which definitely dictates movement. So yeah, there's definitely things that you always
have to consider. You know, that's why preparation is key. Getting up early is key. Having infrastructure
in a team is key because there's, you know, lots of eyeballs that like to specialize on different
things that can help. You know, like the Alpha team, I have an open house this week. So there's
a lot of people here
and a lot of people do something similar,
which is approach to market and try and make money,
but they do it a lot of different ways.
So they kind of help each other
with the way they're doing it.
You know, and for me, I do it multiple ways
so people could gravitate towards
whatever it is they're doing.
That's part of my process.
But you definitely have to be aware
of the mechanics of year end
because there's a lot of mechanics
and you don't want to get caught in something
that doesn't change the narrative of the situation,
but mechanically for two, three days,
you know, you can lose a lot of money
if you weren't aware that that could happen.
Because then also just so you know,
sometimes people will short the strongest names,
you know, into the last day of the year
and then new money comes in and they buy the strongest names and they know, into the last day of the year. And then new money comes in
and they buy the strongest names and they go for two, three more days because everyone's short and
the sellers didn't come back. So, you know, that's why, that's kind of crazy though.
That's why you have to have multiple plans and let the market, let you know which one,
you know, is being confirmed.
And I probably just, you know, could have, everything I just said could have been like a course.
Yeah, I lost.
Spaces are recorded.
Just saying, just saying.
And Scott's live all the time,
so you can go in and thank him for that course
that he just gave out there.
Anyone else have any other thoughts
they want to throw in there?
Yeah, I want to just jump on that theme.
I think a lot of people, they frame their participation in the market as like, I'm a day trader or I'm a swing trader.
And I think it makes a lot more sense if you frame your positions based on strategy.
I mean, there's basically five different types of trades.
There's a scalp, there's day trade, swing trade, what I call active
investing, and then long-term investing. I don't really deal with scalping. That's too specialized.
In long-term investing, that's easy. You just DCA. So I think where people need to focus is,
is your strategy a day trade? Is it a swing trade or is it a strategic trade?
And you have to have a methodology that
works and trues up for each of those because they each have their own timeframes. If you're
using methodologies that are based around a swing trade, but then you're sized up for a position
trade, it's not going to work. Also, I think the other thing you have to do is you have to make
sure you know what sort of trader you are internally. A lot of times people come into the market and
they have an idea of what trading's about, right? I'm going to date myself here, but they'll,
let's say they want to be a Gordon Gekko, kind of like a swinging for the fences type trader,
but really their emotional makeup is not designed for that. And so there's this conflict, right?
They come into the market with a certain type of strategy they think they should be doing, but they don't emotionally, they can't true up with that. So
I think it's just important to know what your position is designed for. Is it something you're
just trying to make cash flow for the day? Sometimes positions will graduate. Like sometimes
you start with a day trade and the stock moves really strong and it finishes the day strong.
And maybe you say, okay, I'm going to trim a third of this and carry it over now it's going to move into a swing trade but I think
that's a more logical way to look at the market and the most important thing about that is that
if you set up your your positions by strategy and you know what the strategy is for each position
and you have a methodology that trues up with that strategy the only way you're going to get
in real trouble is if you don't follow your rules.
Because it's going to have clear spots where you say,
okay, this was a day trade, now it's over.
Or this is a swing trade, and now I need to close it out.
If you don't follow those rules, obviously we can always get hurt, and we all do that.
But I just think that's a better way of looking at the market than saying,
I am a swing trader, I'm a day trader I'm an investor we
all have little parts of different strategies they just need to be assigned to what positions
make sense for them yeah saying one of the big mistakes is people thinking it's all or nothing
when it really is just a top-down approach of percentage of your portfolio should
probably... I'm one of those believers that pretty much everyone should have at least some part of
their portfolios in these diversified, broad-based market ETFs. I've had this argument with Stock
Talk. I'm not going to win it. I'm not going to go down to win it. But I do think that for some
people, maybe it's 50%, 60%, 80%. For some people, maybe it's 10, 15, 20%.
But one mistake that people go in and make is think everything in this space is all or nothing.
When it really is nothing, it's all or nothing in this area.
Yeah, and look, we talk a lot about trading on these spaces, but I tell people this all the time.
You shouldn't put one dime of risk capital in the market until you have your 401ks, your IRAs, your 529Bs, your life insurance.
All your financial foundation should be in place first.
I have all those things.
I'm sure Scott has those.
I'm sure Mike has those.
And not only should you start with those before you go to trading,
you'll be better at trading if you have that foundation.
If you have a financial foundation and you know that one position or two position
is not going to kill you if you lose on it, it's easier to take that loss.
But people that go in there with a trading-first attitude, they're putting all their money at risk, that just really messes you up emotionally.
So it's important to know that all of us traders on here – I think I can speak for everyone if I can speak for myself here.
We have that financial foundation in place first.
And then once you've got that in there,
you can put some risk capital towards trading.
Yeah, those are some good points there.
I don't see Scott up here anymore.
I don't know if he said something
or I just had to drop off, but-
He's sick, man.
That's fair.
I'll let him go.
We appreciate him for hanging out with us.
Scott does his 6.30 a.m. morning show each day.
If you're up at that time, it's Eastern.
So if you're a European person, maybe that's in the middle of your day.
Shout out to Scott.
We appreciate him coming on these Mondays and making them always so fantastic,
sharing a bunch of great thoughts.
And he might be back, who knows?
But I appreciate him
for adding to these spaces
as much as he has.
Wolfie, how are you doing, sir?
Down bad, sir.
Down bad? What's
taking you down there? My Honeywell
had a little bit of a negative.
That's fair. Are we getting the AirPods? At least the money
going to Apple?
I don't have any AirPods that I bought,
no. Sad.
No, sir.
Your Christmas shopping's dead to me. No, I'm kidding.
I wish it was that simple.
Here's what I gotta know.
What company got the most money
out of you this holiday season?
I can't answer that question.
I can't answer that question.
All right.
Let's just stay with the car.
Yeah.
But, yeah, no, I would say Amazon.
Let's say Amazon.
Take your race.
There you go.
Ticker AMZM, Amazon.
What's catching your eye on this market?
I know we've talked here a lot about the boring names.
It's just dead.
It's dead at the end of the week.
I am interested in Amazon, Google for the end of the week.
I want to see what names get rebalanced.
IWM's outperformed so far.
This month, this year the
uh i saw a note earlier that said that the equal weight uh equal equal weight multiple is around 17 which is actually kind of interesting because that that lends character to the broadening
out thing that everybody wants to talk about um for the rest of the week, though, I think don't get too cute. You don't want to
overdo it one way or the other. Don't want to lean one way or the other. Probably not going to get
too much. I see Jeffrey down there. Jeffrey's a proponent of the Santa Claus. We'll see if Santa
Claus actually shows up. I think he will next week.
So I just wouldn't do anything too crazy.
You guys were talking about Tesla.
I think if and when Tesla breaks 500, retests and holds,
that's when you're going to get the performance chase stuff.
I think...
What can I say here? So I went, I went to, I actually got into one of a name that Jeffrey was in logical was in it too. Was it, was that your name? NKTR?
I just remember seeing, I just remember seeing Jeffrey going, ah, damn, now it's going down
and it worked. Might I say it works. Well, it's okay. You can, can you can talk in for vktx we all do um no so i i think uh
i think the one of the things that i'm kind of curious for next year is this uh
spacex theme um this elon musk is having on good authority elon musk is having it on good authority. Elon Musk is hell-bent on having it be the largest IBO historically
and beating out the Aramco one, among others.
Now, if and when that happens,
I'm just curious to see if Tesla gets the tailwind.
There's a couple of indirect ways to play SpaceX.
There's a couple of ETFs that have allocation, for example.
They all have to be trading at crazy multiples.
They're expensive to NAV.
What about the ARK venture fund and venture funds like that?
Do they have the same problem?
Yeah, I think she has some allocation.
No, she does, but I don't know how much premium is, if it's different and stuff like that.
Yeah, I have no idea.
I did meet her CMO the other day.
Nice lady.
But there's other, I mean, just look at the space complex in general.
It's all, like, lit up across the board.
Have you seen F-Jet?
That's what I was going to say. Today's flavor of the day is f-jet um you know there's other ones like firefly that that
have been beaten up look promising for the short term you know the acs rocket lab etc
sorry i looked at f-jet again it's up more yeah it's up 200 and some percent on the day.
It's one that actually took a shot on at around 13 this morning.
Well, you know we've been working with him for a little.
We actually were helping him with it around.
Yeah, I put $2,000 into their reggae round before,
so I got in at the IPO price.
Wow, look at you.
Well, we are working with him, so I'm not going to dump on my people. But the 2K I put in is 14K right now.
Hell yeah. Nice job. Congratulations. making moves we're working with him so i'm not going to dump on my people but the 2k i put in is 14k right now hell yeah nice job uh congratulations so um yeah i did not know that no i did not know that at all uh shout out to you but i know star fighters but yeah continue the
the um you know the space theme we'll see how much legs it gets. There's a lot of things that are, you know, on the peripheries that people don't think of.
I was speaking with someone who's pretty plugged in that world that, you know, he's got, he's an advisor on several boards for a lot of these younger companies, some of these household name ones.
And there's, you know, so there's a lot of boring ways to play it.
So, for example, you know, he's telling me that Cisco, for example,
is like a derivative way to play Starlink.
And he kind of walked me through the logic.
I never thought of it that way, right?
But, you know, if you're going to need, you're going to need a lot of cable
and ground, you're going gonna need a lot of cable and ground you're gonna need
a lot of uh a lot of uh a lot of component manufacturing stuff a lot of stuff like that
so you know we'll see if they if if they're gonna actually pull the trigger in 2026 for
the spacex theme but if they do i think there's a lot of different derivatives that are going to
pop up here in the next year or so.
From Tesla's perspective, I feel like if and when that does happen, Tesla probably re-rates just off of the Golden Boy theme.
a reintroduction to being golden boy you probably get a premium across the board
He becomes even more of a Golden Boy and a reintroduction to being a Golden Boy. You probably get a premium across the board.
that kind of stuff happened way back in the day on the heels of the solar city stuff on the heels of
some other things as well so we'll see if that plays out but there's a a re um i forget the term
but basically like a a a re a revitalization of america theme that's kind of happening in the private sector
that I think also spilling over into these public names.
So it's like boring, industrial, mechanical.
We've talked about this stuff in general,
but I do think that's going to kind of be um you know ongoing in 2026 it's one of those
things that i'm kind of like paying attention to so we'll see if if you get this broadening out
if they still do the same thing they did last year which was like pick and choose some of the
favorites from the mags and then pick and choose some of the favorites from the others or if
there'll be like some actual repositioning tail risk stuff,
or excuse me, repositioning tail wind stuff on the back of that.
And then I think there's a lot of boring places
that will probably be benefactors from this AI and tech revitalization,
financials, for example.
And I'm not talking about just like your legacy financials and some of your boring financials.
I think there's like quite a bit of, you know, quite a bit of optimization that some of these smaller financial companies, you know, could benefit from.
I'm not going to name any names because I haven't done enough homework but there are a few names that i am i am looking at uh i've had a back and forth with stock talk
um i think the last couple weeks about a couple of them you know we'll see if he's got anything
to add to that whenever he comes back but uh i i'll be ironing that stuff out in the next two
weeks and i think that's what the bulk of this next 10-day period, that's the bulk of what that period should be for most people who, unless you're just going to try to chase the next F-jet, because there's going to be a couple of them here probably in the next week or so as people kind of chase performance.
there will be an opportunity here in the next couple of weeks to kind of take a slow,
slow and steady approach, back out approach, and, you know, maybe put a couple of trades on
if you want to have a couple of trades, but basically kind of like set yourself up for
like what you're looking for for the next year. Basically run an if else loop. There's a lot of
people looking for a volatile first half and then a clean back half. There's people that see it the
other way. There's people that see a volatile other way there's people to see a volatile year there's people see a clean year
um i think the lowest estimate on the street was bank of america calling for 7100.
uh that would be what was that like four percent three percent something like that right so right So right there, basically. And then the highest, I think, is 8,100.
All right.
So I don't know.
I'll let people do their own math.
But if you're one of these people that, like, I'm one of these people that thinks that a lot of this hardware side of AI is kind of built in, right, baked in.
hardware side of AI is kind of built in, right? Baked in. So I'm kind of looking for like some
sort of digestion period for some of these bigger names that have benefited in the last year or two.
And if that's the case, then you're going to need to take that money and put it elsewhere.
And if you take that money and put it in the smaller names, you know, just an even distribution
there probably flattens out some of the returns on the on the index itself
as you're going to need more smaller names to kind of win to offset some of the bigger names
not performing but if if you just kind of like repurpose that money from one mega cap to the
other while the smaller names win you can have an opportunity where you know you see performance
sustain i don't know what mix we're going to get, but my whole point of all this is the next 10 to 12 days when you get this like quiet period, it's probably a good time to kind of, you know, map out either in your head or on paper.
What, you know, and if this happens, then I want to be invested here.
If that happens, I want to be invested here.
If this happens, I want to lighten up here and so on and so forth um so that's kind of like the bulk of
where my head's at uh i've been trading tesla for the last weeks pretty much predominantly
got right up against that 500 level basically kissed it and backed off again i think if if and
when you get a a claim of the 500 mark and mark and then using the prior all-time high, which is basically like $488, give or take, $485, somewhere around there, give or take, and it just kind of holds a buffer between that zone, if and when that happens, it will probably be gearing up for a performance chase higher and a re-rating higher. Because if you back out on Tesla, it's gone basically nowhere for the last four or five years.
So I know it made an all-time high last December, and it made an all-time high this week.
But again, if you just back out, it made a high in 2021 at 410.
It sold off 70 percent uh and then you know from its from
its median price it sold off 70 and it's gone up 70 during that time in the last four years so
you've got four years of of like a coiled spring you know i know i know there's gonna be a ton of
people if and when that happens that are gonna be be on here on this app that are talking about like overvalued, doesn't make sense, business, not going to matter.
Right?
And if there's a performance chase, people will chase it for the performance.
When it was getting sold, you know, earlier in the year, there were people saying like, you know the the floor is over the floor is coming like
it's it's the end of the world blah blah blah they had a really shitty quarter two quarters ago i
think it was in the summer and the stock was trading like 220 uh on the back of the really
shitty quarter and the numbers didn't make sense and everything was eroding the stock didn't go
down right that was a tell to be like hey if you're bearish bearish it's not working there at least
needs to be a mean reversion.
Now, at the time, I don't think anybody would have told you it's going to all-time high by the end of the year, myself included.
Here we are.
So if you get a consolidation period and a breakout above, don't be one of those people that tries to play hero ball.
You will get blown out.
I'm just going to put that out there.
And the inverse is true if you get a situation where it consolidates and then you just you know tops out you
know don't be a hero and try to like think that the the failure is not a failure there's a very
easy line of demarcation at this point just play it that way um but i'll stop there i don't want
to hoard it up too much i know logical is probably going to go tell me about his next four bios so
i'll hang up and listen logical has been talking less about bios recently i don't want to hoard it up too much. I know Logical's probably going to go tell me about his next four bios. So I'll hang up and listen.
Logical's been talking less about bios recently.
I don't know if we've even heard of it a little bit.
Well, I've been in the major, like the bigger balance sheet bios,
the AMGENs, Regenerons, Biogenes, J&Js, et cetera.
But yeah, I'll back off.
I'm happy to answer any questions if you have them.
I appreciate you for hanging out with us here, Wolfie.
I definitely do have a couple.
I want to make sure we get logical into it here
because I know you might even have a meeting at the top of the hour too.
You trading any bios?
Did he hit you on the head there, logical?
Or are we looking at some different stuff?
Wait, what do you mean hit me on the head?
Confused.
Okay, you might have missed the last couple.
What are you trading here? What are you mean hit me on the head? Confused. Okay, you're going to miss last couple. What are you trading here?
What are you watching?
Well, I mean, bios are still the biggest basket of my portfolio.
They make up about a 50% portfolio weighting.
But I am 136% long.
So they make up about a little over a third of my portfolio right now.
I have been adding a lot of exposure back to my portfolio on Friday and then coming into today
because this is a resilient market. I think this is a kind of market where it's showing you that
it's just resilient. That's what it demonstrated. It sliced through the 50-day and it's just like,
okay, shake out, degross, oh, we're going higher. And so this is kind of a market
that you need to be really quick to make a decision, I think.
If you're making decisions at all,
or you got to sit still.
It's like one or the other.
Either you're going to be like this person like myself
who's actively managing their exposure,
which I'm watching this price action like a hawk.
That's why I'm so able to quickly pivot.
Logical.
When was the last time you were under 100% long?
Three days ago.
Okay, because you always seem to be like 120, 150% long.
Yeah, I mean, I want to...
Maximize it, I get it.
Yeah, look, we're in a bull market.
And when it comes time to be bearish, I'll probably have like little to no equity exposure straight up.
And that's just how I manage.
So, like, I want to be able to catch the next leg up in this market fully levered.
And so that's why I manage my exposure very closely. I realized that if you are an active market participant, like many of us are, it's one
of the only ways to change your life.
Your W2 will do a lot for you.
I think it's always good to have stable income, but it's never going to be the reason why
you're able to keep up with the Joneses in real life, I think.
And by that, I just mean even buying a home in these kind of very expensive neighborhoods
like, you know, a W2 is just not going to cut it to afford these things. So yes, I manage very actively. And in the bull
market, I am trying to make the most out of it. So, you know, I am willing to push it.
But that said, you know, I have risk parameters in place to tell me, okay, like, you know,
market loses 50 day, I got to get a little bit more defensive. And you know, this is
this style isn't for everyone. And I think,
you know, I talked to the stock talk with this a long time ago. And it's like, you know,
those situations where, you know, things may look a little shaky, the first thing you want
to cut are like options, specifically shorter dated ones. So I think that's always that's
been key for me is like, you know, there's a time and place. But I feel pretty good right
now. I think the market looks really great.
If you look at seasonality of December, there's been all these charts that say back half of December look good. Obviously, that coincides with the Santa Rally. And there really
hasn't been a time in history where you get no Santa Rally three years in a row. Apparently,
we didn't have one the last two years. So that's, you know, lining up pretty well. I just saw a presidential election
seasonality chart from Connor Bates. And he basically shows that this market probably goes
higher into Q1, Q2, and then lower into Q3, Q4. So I would say that kind of checks out with what I feel makes sense
because we did just have a 5% correction.
We did just have a lot of degrossing.
We did just have a pretty severe correction
beneath the surface.
So, but this market has been trying to like
fake you out and shake you out.
And I haven't been immune to that.
I mean, you know, I've been getting a little like
concerned when we are able to slice
through 50 days and so quickly. So I'm not going to sit here and pretend that it has
not been a tricky market. Consolidation and shop is very tricky. And because the market
is trying to, like, you can't choose a direction. But what I can say is that over the last three,
four weeks, I've been seeing nonstop bullish options flow. I mean, selling puts,
buying calls on some of the biggest names. I mean, it was like maybe a week ago, I saw $110
million of NVIDIA 160 calls for Jan 27. Like that is size. And they've been selling puts on
Meta, Amazon, Google, etc. So it's just really tough when that's been the background.
And so my main concern has been that tech has been weak. But tech was able to finish the week
by reclaiming the 50-day as well as the nine-week EMA. So that to me was a pretty good sign that it
felt like a shakeout.
You know, look, that's kind of how I look at it. Line in the sand. It's so simple. Yeah,
I learned a lot of this from Stock Talk too. So, you know, I love having a friend like him. I wish
he was on today so I could hear that. But I want to give him his flowers because, you know, he's a
great trader. And, you know, we chat all the time. We text all the time like, hey, what do you think
about this market? Like both of us, back and forth.
And it's just good to surround yourself with people who know things
and they're good at these things.
So yeah, I mean, I didn't want to be stubborn and hold on to my bias.
Like, for example, I felt good until we lost the 50 day.
Then I felt, oh God, is this like going to break down now?
But if the reason why I felt the breakdown was going to happen
was because we lost the 50-day,
and then we reclaim it,
which basically negates the breakdown,
then I have to also change my bias in that moment.
So yeah, nobody should be sitting there
pretending like this has been an easy market.
It's been pretty tricky.
And yeah, so it's up to you
how active you want to be to manage it.
Maybe you just want to have a comfortable level of exposure
and just whatever happens, happens.
I had a post from weeks ago, even before FOMC,
saying I think 2026 is going to be a 20% year.
I guess maybe it's tough to say
because there will be a midterm election
and that has its own seasonality.
But I do think that 2026 is shaping up to be a nice year.
And the good setup is that you basically had a correction
right here into year end.
And that's kind of what you had in 24. I think markets basically topped December 9 before the
FOMC meeting. And then you had actually a pretty big rip into January, February this year.
So let's see. But I think there's a stat from Warren Pies I shared a while ago where like,
if you get a correction and you make new highs, which I think we did on the SPX, not the SPY, then you pretty much negate a 5% correction in the next quarter or so.
So, you know, I would say that things are shaping up pretty nicely here.
And today was a really solid day.
Oh, there's Stock Talk.
Stock Talk, I don't know if he's up here, if he hear me can you hear me stock talk yeah i can hear you what's up
well i was just giving you some flowers bro so i i just said i appreciate you as a friend because
we we talk a lot and yeah it's just good to have good people around you so yeah of course i appreciate
you as well brother yeah man um obviously really good day across the board as stock talk would say
there's no point in
calling out any individual names because a lot of things are green, if not everything is green.
But yeah, I think one thing that's been standout for me is while I talked about bio exposure,
kind of being still pretty high for me, obviously, but lower than it has been usually. My largest
position, ABVX, is up 21% today. That one has been on the rumors of buyout speculation.
You know, it's like a 10% position for me.
So 21% is a very meaningful move.
So really nice day.
And there was basically somewhat confirmation
that Lilly is indeed deep in buyout talks for that company.
There, you know, it It was confirmed by a French newsletter or newspaper
that they're talking to the Treasury Department or something there to get some stuff cleared.
But so obviously, very, very positive signs. It fit the bill for a very nice acquisition target.
I've been long that thing since $10. It's trading at $ 139 five months later. So absolutely my best stock of the
year by far. Besides that, I mean, a lot of things look good. I have I will say that I've definitely
missed a couple. This A.O.I. I completely blundered. I should not have gotten shaken out.
I got shaken out. So that's life. It happens. You missed some today. It's up 25% of my face and that one hurts. So just know if
these things are happening to you, it happens to the best of us that sometimes you own a stock and
then you don't own the stock and then it rips and that's just life. Next trade, that's it.
Just to wrap up this talk, I'm trying to see if there's anything specifically
that was more standout.
I mean, a lot of things just kind of trending higher into the end of the day here.
A lot of things breaking out above moving averages.
I mean, I don't know.
What's not to like right now?
I think XBI-
Shut up crypto.
Pay in.
Yeah, I mean, I think the speculative stuff is still going to struggle.
But I mean, XBI new 52 week highs today, definitely not bearish.
Space is working as well.
So there are some speculative names that are working, just not the one I chose to over
index to a couple weeks ago.
Yeah.
Yeah.
I'm trying to think if there's anything else, maybe a couple of names fading actually into
the close, but something's just finishing at the highs of the day.
finishing with the guys of the day so kind of a mixed basket pretty strong day overall though
So kind of a mixed basket, pretty strong day overall though.
i'll pass it along
I'll pass it along.
yeah and definitely feel free to uh to jump back into the conversation at any point here
at any points going on there are literally no earnings this week for the record like literally
not a single company over a billion dollar market cap reporting earnings this week so nothing coming
up after a close in a couple minutes here not that we would expect it also the sec's website edgar
is going to be going down the 24th to 26th so literally wednesday it's uh yes wednesday thursday
friday i'd imagine we're not going to be getting too many pr's i have no idea what friday's going
to look like i digress mr talk mr weekly what's correct my voice is going to look like. I digress. Mr. Talk, Mr. Weekly.
What's going on?
My voice is going to sound like shit because I did a little too much,
had a little too much fun this weekend.
You chewed some Marlboro Res, bro?
Yeah, no, no more cigarettes for me. That was a long time ago.
I mean, I still do smoke a cigarette occasionally but not uh not habitually um but my voice sounds like i my voice sounds like uh i did though doesn't it um
it's a good day across the board on friday i got back into the drone theme um
it this is a really hard theme for me to like kind of grapple with mentally because I think all the stocks are super overvalued.
And so it's tough for me to like,
I want to talk.
What?
F jet just halted again in the upside this time at 31 46.
What?
Yeah.
I think squeezing again.
They're going to gap it up.
Yeah.
Post IPO behavior.
Very,
very low float,
but yeah,
that's been,
it's been crazy since that IPO but yeah um
I'm very very bullish on drones I just have the problem I have is like I'm an individual stock
picker I'm not like an ETF guy so I I think all the stocks are overvalued now they're they're
overvalued for a reason because you know everyone knows this you know recalibration of global
militaries towards drones and like autonomous systems is, you know, a ball you can't really stop.
It's already started snowballing and like in the next five years, most major militaries will be very different, look very different than they do today. heavy industrial style military equipment like tanks and massive aircraft and it's going to be
a lot of uavs disposable uavs autonomous weapon systems precision munitions like that's where
we're headed and you know stocks like mercury systems huntington ingles which i've talked
a lot about all year it's actually now my biggest uh defense position as of today's move
i was up 5%.
Trump's doing a shipbuilding announcement today at 430 EST.
And so obviously Huntington's catching a big bid on that.
A 5% move for that stock is a big move.
It's not a high beta name.
So yeah, I'm still on that name.
I actually had a couple of illiquid contracts on HII on Friday that were coming up for expiry.
There were some 240 calls. I owned the stock at 216. I had like six of illiquid contracts on HII on Friday that were coming up for expiry. There were some 240 calls.
I owned the stock at 216.
I had like six of them left.
I picked up like an extra 200k in stock at a very, very good price on Friday.
And exercised about six of those.
So that wasn't a big deal, but increased the position size slightly on HII by about like
a percent and a half.
And then today's move, you know,
you get another tailwind for that name.
So that name's climbing and waiting.
I saw a headline that I didn't dig deep enough into.
It was Trump plans to buy like a new carrier,
new class of warship to be named,
is actually now what I'm seeing.
I'm sure that would be Huntington and Gales.
Yeah, you can't build any...
Yeah, any U.S. military ship that has any kind of nuclear capability, HII is involved.
Any U.S. military ship that is going to go immediately into service after commissioning, HII is involved.
Any U.S. military ship that is going to be folded directly into the fleet, the existing
fleet, HII has evolved every single one. Again, don't take my word for it. You can go look at the
IDIQs that have been issued recently. You can go look at the General Dynamics shipbuilding awards
that were issued in February, March, and April of this year. You can look at the General Dynamics
shipping awards that were awarded in October of last year. All of them have HII printed all over it.
So, yeah.
This stock doesn't move 5% in a day.
No, it doesn't.
Based on the daily?
But look at it.
Pull up HII's daily chart and pull it up year to date.
This has been probably the easiest stock to hold in my entire portfolio.
It just doesn't, like, it doesn't really, or not, I don't say it doesn't as if, like, it never does,
but this year it has not really given up any ground.
I mean, it's defended the 50-day all year long.
It defended the 50-day in every correction we had this year
without a single close under it, okay, for the entire year.
Like, the second this thing poked its head above the 200-day
at, like, 230, 240 bucks in May, it hasn't looked back.
And it's just staircased its way to the upside.
So this will be a name that will be, I don't want to say core position,
but it might become a core position next year.
We'll see.
But it is going to be a part of the portfolio next year for sure
in the aerospace and defense basket.
So that name's climbed and waiting a little bit.
I picked up DPRO, which is the drone small cap,
the only drone small cap that I think I can wrap my mind around valuation-wise.
I think with most of these drone small caps, ONDS, RCAT, UMAC, D-Pro,
there's like eight or nine of them.
Those are the main ones.
The issue is they all do a couple million in quarterly revenue.
None of them have secured a meaningful multi-hundred million or multi-billion dollar contract.
The thing is ONDS, RCAT, UMAC all trading at one plus billion dollar valuations.
D-Pro at $150 million.
One contract, my view, D-Pro doubles.
So to me, it's from a risk-reward standpoint based on where the valuations are currently.
It's still my favorite small cap in the space.
So I picked that up on Friday at $ 6.50 on Friday afternoon or early morning.
That stock was up 20% on Friday, giving us a good head start.
And then up again big today, another, well, it was up 8%, closed above 8, up 6.5%.
So I'm up 26% on those shares in two days, which is nice.
We also picked up AeroVironment 245 calls on Friday. Very, very short
expiry. You know, I traditionally preach buying further out. I was expecting a move on those
drone names now. So sometimes when I'm expecting an immediate move, I, you know, put a little risk,
more risk on it. So we picked up January 9th, 245 calls on Friday. I alerted them at 960.
January 9th, 245 calls on Friday.
I alerted them at 960.
They closed Friday at 1160, and then today they had $20 and closed at 18.
So those are up 110% basically overnight.
Good win on those.
Ability to take off risk now and just ride the rest into the 9th of January.
So that's good.
Those are the standouts today, D-Pro, A-V-A-V-H-I-I for me.
Kratos obviously had another great day as well.
I'm a little bit more passive with my Kratos position
because a lot of those are 2027 expiry leaps
that I've owned for about a year now,
so I don't really pay much attention to them.
My Kratos leaps are up an ungodly amount.
I think my 35 calls are up like 2,000%. So I don't really pay much attention to them. My Kratos leaps are up like an ungodly amount. I think my 35 calls are up like 2000%. So I don't really pay much attention to those. Those calls
will be exercised in 2027. So I'll get Kratos shares at like 38 bucks. And then, you know,
I'll have some shares to ride with. But I did a lot of exercising this year, way more of that.
It's funny, not just in the gym, but like with contracts. I did a lot of exercising this year, way more of that. It's funny, not just in the gym, but like with contracts.
I did a lot of exercising this year.
And probably the most stocks I've ever exercised actually.
Because the beginning of this year was Robinhood, the 15 and 20 calls,
which I picked up and turned it into stock.
And then throughout the year, I did several more.
I mean, I can't think back what the first
one was after that but yeah there have been i think four or five stocks that have exercised
shares on this year now one thing it's important for people to understand when i talk about that
is that i'm never exercising the entire lot like i'm always paying myself on a big win like that
like in many cases these contracts that i'm exercising are up five six seven hundred percent
i don't ever exercise a contract.
I'm up 30% on the contract or something.
You know, I think people misunderstand the idea of exercising shares.
It's only worth doing if you have an extremely deep cost-based advantage, in my view.
If you have like a $2.50 call that you bought for $10 and sucks $2.70, you should not exercise that.
You know, for the $10 in Delta you should not exercise that you know for the for the
for the ten dollars and in delta you're getting from that you just sell it buy the stock if you
really want it at that kind of juncture but sometimes you know you have very deep in the
money calls and then you're faced with a decision to say look yeah maybe i'll sell 70 of them
lock profits pay for the original contracts, secure profitability on the trade,
and then you exercise the rest. And sometimes it's also a tax decision for me too. Like
with Inersis on Friday, I exercised some of those contracts as well. And if I'd sold them,
I'd pay taxes on them. So sometimes that factors into it as well. I don't want to say it's a huge
factor, but that is partially a consideration, I also so um but yeah the whole portfolio is doing well i mean you know most of the stocks were green today
the ones that were red for me were just in a period of consolidation oss one of my small caps
was down by about half a percent today but you can see how beautifully that structure is building it
just came down to kiss the 90ma today it's consolidating high and tight so that still
looks great um let's see that that ander are the only two small caps in my portfolio.
Everything else is mid-cap and large-cap right now.
So, yeah, I'm very comfortable with how the market's acting.
Very, very impressive.
Sticks saved from the bulls last week.
They've done this, I don't know, five times this year now.
Saved the market on a Friday.
They did it again.
And now they're following it
through on Monday, which is exactly what you wanted to see. It would have been brutal to see
a nasty red day today. And so we got another push to the upside. But yeah, all things being equal,
I mean, I'm kind of more focused on next year at this point. I mean, there's eight days left in
the year. I'm not really trying to squeeze out optimal performance, but I did hit 600% again today. So that's good. Uh, portfolios coming
back to the highs. So, um, yeah, it's, uh, been a good year. I'm kind of trying to position myself
for next year. My focuses right now are like, uh, shipbuilding drones, power grid, uh, and mostly
data center network and connectivity. That's kind of where i'm centered around right now so those four areas i guess you could say and i think they'll be big next year too
yeah i agree what about what do you think on the space team
but here's my thing yeah we all like it it's it's the future like whatever but is it 10 years or is next year an
investable year given where we're at is the spacex ipo enough hype to build around it for the first
six months or are you really it's a trade it's tradable yeah i don't know about investable the
the thing is is i have the same problem i just mentioned with the drone stocks that i have with
with um the space stocks which is that yeah they trade it
like many of them are pre-revenue and the ones that aren't you know sure they have like
infrastructure and like maybe points of differentiation but they i mean it's really
hard to make a fundamental case for any of them the same way with the drones it doesn't mean like
i refuse to trade it i will trade the space team i mean i tried with irdm a couple weeks ago i got shaken out of those that lotto stab i took but i already
correct is the exposure in a gev or like who are making the engines too big gotcha too big for me
i like i just companies yeah when i'm looking at these thematics trade i'm trying to capture an
extraordinary amount of alpha in a very short period of time like that's my mo that's what i do like that's how i drive these crazy returns is like i capture themes early and i try to capture
it with high beta stocks that are going to explode based on the theme like the larger cap names like
yeah they'll move nicely but um they're just not going to give me that big chunk of alpha that I want.
D-Pro is up 26% in two sessions.
I'm not going to get that out of a large cap.
So, yes, sometimes I want more.
You're going to say you could do options.
I don't know how the mechanics work here with what risk and reward, how it actually changes in there.
A couple of factors.
With small caps, the IV can do.
I'm talking with large caps. I couple factors with small caps the large caps
i'm talking with large caps okay yeah that same juice on on that team that maybe you're using a
ava is a large cap right 11 billion mark cap so i did that on friday what you're saying right i
picked up calls on ava up for 245 calls for january 9. Now, I could have pushed those out.
They get more expensive than where you push them out.
It's a $245 stock.
But I picked up those for that reason.
Like you said, to get more beta.
Like I could have picked up AirViron stock,
but I'd be up, whatever, 6% on shares in two days,
which is fine.
I'm not discounting that. But I don't know.
I can afford to take risks here after the year that i had and i'm
gonna take a lot of risk next year um because i mean my portfolio 6x in a year like i
now i i don't want to i don't want people to misperceive this as like oh i'm playing with
house money but i mean i'm young and i'm a lot wealthier than i was a year ago. And so, yeah, I'm going to take a lot of risk next year.
And what my question is, and this kind of goes back to the broad-based market ETFs, which we had before.
I feel like having, instead of going like 100% of your portfolio in this, having the 80, 70, whatever it is, and with the other it being whatever, maybe it's a ranch for you.
Maybe it's not these broad-based market ETFs,
but I feel like at the point where you're at, you can.
I'd diversify my wealth.
I'd rather diversify my wealth out of the market in those cases,
which is what I'm doing right now, right?
Like you said, buying land and owning real estate,
and I have other businesses as well that I own that are not stock talk.
So, yeah, my wealth is diversified
away from the markets i mean i own plenty of other assets i own gold bars i own other businesses i
own real estate i own land so i feel like my wealth is diversified enough but when i'm in the market
i mean i just stick to my emmo like i am known for picking I built a reputation on picking some mid cap stocks in themes and just being right consistently, not all the time, but consistently enough
to just generate this insane amount of alpha. Like during, during these two to three, I call
them like bucks in a bull market where the markets just take off, off a consolidation base, right?
During those two to three month periods, if I'm not
stacking capital, in my view, from my strategy, I am doing it wrong.
Like, I never want to be a spectator in the market. Like, I'm, this is going to come across
as cocky, but I feel like I'm too good for that. Like, my stock picking is too good for that. Like,
it's a waste of, it's a waste of my stock picking talent to just like be an observer in markets. So when markets are moving, I force myself to be involved.
And sometimes that means throwing darts at stuff that I wouldn't normally buy. Like, you know,
sometimes regimes change and the regime has certainly changed in the last three months
in this market. You know, we had a market six months ago where there were six themes
active at once and you could own any of them and just super perform like it was easy but now
the window has tightened a little bit the liquidity has tightened a little bit there's a
little bit more preference for value and reasonably valued stocks but there still is thematic
enthusiasm it's just less broad right it's It's focused, like, for example,
these last two sessions, where is that thematic enthusiasm been? Well, it's been in drones and
space stocks, right? Every drone stock is up double digits in the last two sessions. Every
space stock is up double digits in the last two sessions, every one. So you really can just throw
a dart and do well in those environments, but you have to know when the conditions are changing, when it's going from six themes being active, like nuclear, quantum, aerospace and defense, drones.
You know, all of these were active at once.
They were simultaneously active themes in a market, in a bull market where everything was going up.
Now, the market's making it a little tougher.
I mean, even on a day like today, like, I mean, today, most of my positions were green, 12 out of 14 positions green. But if you look at the rest of
the market, the market was up a lot today. But if you look at individual stocks, there were a lot
of stocks that just didn't participate. They were flat on the day or slightly red. And I was going
through some of the names today, some of those stocks that were red today, just looking for any
potential ad opportunities. And I realized, I was like was like dude there's a bunch of shitcos that just can't catch a bit
and that happens sometimes you know that's that's to me what regime change looks like so
yeah i mean i think if you're adaptive you try to stay ahead of the herd not to use my own slogan
but if you try to stay out of the herd um you can still pick up a lot of alpha even into the end of the year here. In these last six or seven days, you can get a nice boost
to the portfolio going into 26. But yeah, all things being equal, I expect it to be a decent
year. I don't think the markets, I don't think the indexes are going to perform like they did.
I don't think SPY is going to be up 20% next year. But I do think you'll be able to find opportunity in individual stocks
if you're diligent enough.
So, yeah.
I mean, best year of my life by far in terms of trading and investing.
I mean, I've never had a return like this across my whole portfolio.
So I'm happy with that.
But it does mean that I'm going to be more aggressive next year.
I just am because I'm i'm looking down um and i'm like hey i have i have wiggle room to work with
you know even if i give a little bit back in january trying to throw darts which i actually
usually do that if you look at my performance charts from last year and this year um you'll
see that like january february i don't create a lot of separation between myself and the indexes
where i create that separation tends to be in q2 q3 those are usually my super performance quarters
where um you know the chart goes from uh kind of being just slightly above the major indexes to
just taking off and creating a lot of separation and you look at the performance chart now on the
year it looks like spy is like a flat line compared to my portfolio. And that's kind of what I'm aiming for in Q2,
Q3. I like to see the market find my stocks in the mid part of the year. And I spent Q1 doing a
lot of positioning. So from January to March, I don't really expect much of my portfolio in any
given year. What my goal is from January to March in a given year is find what's going to work.
Because from a technical standpoint, from a chart standpoint, once you learn to read
a chart and you develop instincts about chart reading, you'll realize the market is very
generous with signal in the early part of the year.
And a lot of the reason for that is that large institutional buyers can't hide.
They can't hide their tracks, right?
Like it shows up in the options flow.
It shows up in the volume on these stocks.
And so you kind of pick up cookie crumbs, if you will, on where the money wants to go for that year.
very diligent technical observer and you have a little bit of a knack for knowing which themes
are in favor in terms of narratively and in terms of the catalysts and news that are coming out
if you can kind of contextualize that with the charts you can start figuring out where you think
the money might go and throwing some arrows in that direction and some of them won't work you
know um like i like using my aerospace and defense basket as an example of this, but like I have
three names in the aerospace and defense basket right now, or four technically, if you count
the aerovironment calls, but it's like aerovironment, D-Pro, HII and Kratos. Huntington and Kratos
I've owned for a long time. I've owned for both those HII picked up this year, but Kratos
I've owned since the beginning of last year. But I had six other defense names in that
book in February, I think it was. January or February. I think it was like mid-February.
I had six or seven names. Mercury Systems, ATRO, Astronix, a bunch of other ones that have actually
done very, very well since I sold them. None of them have gotten out of favor. But I was looking for which stocks out of that group
I wanted to keep going into Q2 and Q3,
and I ended up sticking with Huntington and Kratos,
and it was a great decision.
But that's what I like to do.
Throw a lot of darts in Q1,
pick up four or five names in all the themes I'm interested in,
and then Q2, Q3,
close the names that are lower conviction
and start focusing those thematic baskets
around one or two names.
Like to me, a perfectly constructed thematic basket
is no more than three names, right?
If you really know what you're doing,
because you have maybe a small cap name in there,
you have some kind of large cap stalwart, high quality name, and then you have maybe a small cap name in there. You have some kind of large cap stalwart, high quality name.
And then you have maybe a spec name or a supply chain name or something like that.
That's really all you need.
Now, if you don't understand the theme well and you don't understand how the market's going to receive it and you don't really know all the intricacies of an industry, then it makes sense to throw more darts, right?
of an industry, then it makes sense to throw more darts, right? Because you're diversifying
your exposure, not in the portfolio overall, but to that theme specifically. So then if you,
if you stock pick poorly on one or two of those names, but you own six names in the theme,
the chances that you're going to lose on that thematic trade is much lower, right? So yeah,
that's kind of the way I think about it. And that's what I'm preparing
to do right now. I have like, um, I just called it, I've listed as a short list on my watch list,
but there's seven names on it right now. I am willing to buy all seven of them. Um, but I'm
not going to, I'll probably buy two or three of them into the end of the year and then maybe
another two or three in Q1.
And then, you know, I'll probably be back up.
I'm at 14 positions right now.
I'll probably be back up, well, 15 if you count the air environment calls.
I'll be back up to probably 21 or 22 positions by the first week of January,
maybe second week.
I'll be back up to 21, 22 positions.
Then by Q3 of next year, I'll be back down to 10 to 12 positions that's just how it works throw a lot of darts early see what works
see what sticks to the wall see what performs for you um cut the stuff that doesn't ride the rest
through the year pretty simple formula works for me most years obviously there's a lot of nuance
involved on the day-to-day in that that, things that you need to be doing,
portfolio management, chart observation,
contract trimming,
conversion of stock to options
or options to stock or vice versa.
You need to do all those things in the in-between,
but from a 30,000 foot view,
that's kind of my game plan for next year
and is on my game plan on most years.
It's what I did this year too.
Yeah.
Those are some good thoughts there.
And I'm obviously the themes we talked about on here,
they tend to come back around a little bit,
but it's,
it's when they're in favor and when that next couple of months looks
pretty clear.
Yeah. So honestly, the, the prompting of this also with the space team kind of kind of makes a little bit of sense in the trade and stuff
like that i'm trying to think of what other themes i could uh just throw into the world in the
universe that that maybe you'd be interested in but uh i don't need a four stuff here i'm looking
at the new 52 week high list today we got the FedExes in the world which FedEx UPS have been absolutely
beaten up all these logistics type players I could see you could tell me I
mean it's stock talk on this and trucking or whatever was one of your
company is refrigerated trucking or am I dreaming that well we had GXO, which is in logistics,
and they're involved in some trucking, so you might be referring to that.
But no, I've never had a trucking specific name.
Well, I've traded AUR
a few times. It's an autonomous trucking name.
Yeah.
The FedExes and the UPSes,
I picture them as
names that have gotten absolutely destroyed over
the last couple years. I'm looking at my 52-week high list
and FedEx is on it, so maybe not as recently.
But I imagine that's an area that's...
Wow, FedEx has had quite the comeback.
Obviously, you'd be playing with smaller themes.
Lithium, any interest to you?
Lithium Triangle?
Alba Marley?
I was a big, big fan of Lithium years ago,
but my thesis didn't pan out that I had on those.
So I haven't looked at those stocks in many years.
But yeah, I mean, they've been a good trade this year.
There's been a lot of good names that have been good to own in that space this year.
To your point about logistics, I think logistics is a great investment in the next decade. I don't know about FedEx or UPS, but we're headed toward a society
where you're going to get everything from a warehouse.
This is an inevitability.
And brick-and-mortar retail will die slowly.
It's already dying, but it will die more readily and rapidly.
Brick-and-mortar retail will be focused on things like furniture and clothing,
things that there is a value add to selling in person.
Everything else will just be sold online.
And it'll be brought to you by an autonomous car,
put in your package by a robot,
sorted by a robot.
And this will be true for groceries.
This will be true for perishables and non-perishables equally.
That's where we're headed.
That's where society is headed.
So yeah, logistics will be a fantastic investment
because you will need a ton of logistics
to basically make the world remote-operated,
which is where we're going.
So yeah, logistics is a pretty no-nonsense,
great 10-year investment at my point i don't
know if i'd play it through fedex or ups but um yeah i'd rather play it through a name like no you
you clearly would not play it through those ones but it's just i'm looking at my 52 high list and
there's the ones that are standing out and here's a little bit as well yeah i mean you know i mean
if i was gonna play with a large cap i'd rather just play with amazon but um there's a lot of
small caps and mid caps too like you know i've talked about gxo i've talked about um some other ones in that space
so there are transportation sausage logistics things that you can get exposure to that i don't
think it's a bad investment certainly over the next decade but you know you may have to be a
little more patient those stocks don't tend to be very high beta um tends to take a lot of
It tends to take a lot of actual fundamental juice to move them as opposed to just narrative
juice.
What I mean by that is they don't just move on the story, you actually have to see it
reflected in the earnings data.
So yeah, I don't think logistics is a bad area.
I probably will get back into a logistics next year at some point, whether it's GXO
or something else, but I probably will pick up exposure again in that area.
I like it. Interesting.
We got another one for a little bit here.
We had a sports betting theme,
and obviously the prediction markets came and changed that a little bit.
There were times where we were talking about like a TKO group at some point
and things like that.
Do you think a sports basket?
I don't anymore, no. I know. I know you don't, that do you think a sports basket I don't anymore no I know I know you don't but do you think a
sports basket not a sports betting basket has a chance of making the way in
into the portfolio at all is it a sector here I yeah so I tried to wrap my mind
around the whole thing in the middle of the year when these prediction markets
start picking up pace and that was back when I owned Genius and a few other names in that sports basket.
The only interesting thing to me about investing in sports ever has never been like investing in the teams or the brands.
Like, that's cool, I guess.
But it's been the money flow, right?
Like the betting.
And this year, I think that did change.
Like, I think the prediction markets thing is a real threat.
And I think the speed at which regulatory response has,
like the speed at which they've encountered regulatory response
has been pretty mute.
And so I think that's suggestive that they probably aren't going to face an extraordinary amount of regulatory scrutiny and they probably are going to continue to expand their offerings.
I mean, look at what Robin Hood's doing now with prediction markets.
They're expanding their availability and the offerings.
So, yeah, I just don't have an interest in owning sports betting exposure until that's resolved.
And as far as like non-betting sports exposure goes, I've never had an interest in the in owning sports betting exposure until that's resolved and as far as like non-betting sports exposure goes i've never had an interest in the first place in that so
yeah i don't know i don't have interest in the sports betting theme anymore do i think the stocks
are some of them are cheap yeah i actually think genius is very cheap but i mean maybe for a reason
um so yeah no i haven't thought about looking back at those. I won't look back at them next year either. Unless
prediction markets are banned or something.
If that happens, then yes.
I would get
exposure back to the sports betting theme.
Dude, if prediction markets got
banned, draft games might double overnight.
I have
no idea where the stock is right now,
but that would be quite to the catalyst
for draft games. Oh yeah, I would would be quite to the catalyst for drafting.
Oh, yeah, I would trade the hell out of that if that happened.
Yeah.
No, no, for sure.
For sure.
Yeah, if they ban sports anymore,
because they'll be all over it.
But if they don't, then... Don't you see, Mike, it's going to happen?
Yeah, I don't think it's going to happen.
No, it's on the federal level.
They're not going to ban it.
Yeah, that's what I'm saying.
Yeah, the Trump administration...
Like, the Trumps are involved in these...
I think Trump Jr. now is on the board of kalshi so like
what you think that that's going to happen i don't know i don't think so i think that um
what would be what would be actually pretty bullish for a lot of these uh prediction market
stocks is if they're able to get a lot of these uh i guess it wouldn't just be with prediction
markets but just sports betting
in general. I mean, in California, I can't even use FanDuel or anything like that with cash. I
have to use points. Who the hell is doing it with points? But if they start enabling that or if they
start legalizing it on the state front, which New York and California might be the last places to do
that, that might actually be a bit challenging
for the prediction market stocks. You know, you don't necessarily have to ban it on the federal
level, but if you start to open the legislation on the state level for a lot of these condensed
populated cities, namely the blue states, that, I don't know, that might be pretty difficult for
the bull case for Robinhood with these prediction markets. Obviously, Robinhood has the entire ecosystem, so they're going to win anyway.
But it's just seeing all the enthusiasm, seeing the price action from a lot of these stocks,
even though not everything has bounced necessarily, I think maybe the market's starting to sniff out.
Like, look, maybe this prediction market's bull case isn't as strong as we expected to be.
Because one, there's a lot more competition out there for robin hood and i'm talking specifically about robin hood but two
if if these states start saying like okay well you guys can do sports betting uh in california
and new york or if those if those legislations start enabling that like i gotta be honest if
they do that i might start using fanduel instead right and i'm sure a lot of people
are thinking about it because everyone wants to do parlays and stuff so so the lad has come out
here and he has to start doing this stuff and robin hood because if he doesn't you have that
gap in there that a lot of people will be looking to get into and plus i gotta be honest the fees
in robin hood the four cents per contract you're basically paying a four percent fee to robin
every single time you use them.
I stopped using the Robinhood prediction markets, honestly,
and I just used Palashan.
Same thing, half the fees.
Yeah, I know.
It's 2% on CalShe, but you also don't have the ability to do parlays.
And a lot of people do parlays because, look, I don't want to bet $1,000 to make $2,000 in total,
so maybe like $900 on a 50-50 game. I want to do some parlays where it's like okay well you know i think
joshan's gonna throw maybe like two touchdowns or something maybe he's gonna have a rushing
touchdown i also think that they're gonna win i also think that and then what you put down like
20 bucks you make it but i'm not saying that it's a guaranteed winner but i'm saying that maybe some
people are looking for that lower cost for parlays because I've noticed a lot of people are trying to do that. And there's a lot of versatility
and optionality when it comes to the sports betting that you just can't get prediction markets
because you're never going to get the other side to do every single trade. I think that's the problem
that Robinhood might be facing later when it comes to this specific market.
This is part of the reason why I don't understand why genius doesn't get a bid right like i don't they're not even involved in directly selling yes market so i'll tell you why the reason
for that is is because they're because call sheet is not using official data feeds that's why
official data feeds that's why it's not going to last there's just no way yeah i i don't think it
can last either but that was part of the reason one of the reasons i closed genius when this
whole thing came out like i i like the in-person people huh the in-person people at the games i
remember us talking about just a little bit is that actually how she's doing no they're not doing
that but there are there so
that was one of the services that was available there are a couple third-party services one of
them was available that they had actual scouts at games which is not sustainable because that's
like you can't yeah it's not scalable yeah it's not scalable because you can't what are you going
to have like 10 000 guys at 10 000 different games across six different sports like that are
manually like that doesn't make sense so yeah that that was one of the small competitors but
i looked into detail on this because i i didn't want to sell genius this was like four months ago
and i was like okay how is this prediction market going to impact it and i looked into it and they
they don't like kyle she and polymarket neither of them subbed the nfl master data feed so
i like i don't know what they're using to resolve the bets.
I guess they're just using the standard delayed NFL data feed
because maybe the live betting component isn't as important.
I don't know.
But that was the reason why Genius got tossed
with the rest of the sports betting names when that happened
because there was no direct link.
What makes Genius valuable is the ownership
of the NFL master data feed through 2031. That's what makes them valuable. So if the prediction markets of the nfl master data feed through 2031 that's
what makes them valuable so if the prediction markets aren't using the master data feed then
that is an issue so that's the one thing that has to be squared and the the thing that's
concerning to me is the company on their last update didn't mention that like they just dodged
that so that was weird to me like i was like, you have to address that. And they didn't.
So that turned me off.
And so I closed it.
I closed it at the right time because I closed it for profit
and it went down much lower after that.
So I'm happy with the decision I made.
What's that right now?
I haven't even checked.
Huh?
What's that right now?
I haven't checked lately.
I don't know what it's like.
Genius?
Yeah.
It's like $10 again.
Oh, wow.
It hasn't gone anywhere.
I bought it. I mean, I also think that when it comes to a lot of these prediction markets betting like do they need
to get analytics like i feel like the people who are throwing like hundreds of thousands of dollars
every second at this thing and probably they're building algos for it they're people are trying
to arbitrage the entire market like i was i was hearing from someone that they attended a college
football game and you could easily
take advantage of that market.
Obviously, if you're betting $100,000, you probably can't in the size and volume.
But if you're probably betting $1,000 on it, you might be able to take advantage of it
with that latency in terms of what actually gets priced into it.
Because if you have a market that big money can take advantage of, they're going to send people on their own,
which CalShare doesn't even worry about,
and that's going to bring stability to those markets.
It's like people who create ETFs, right?
Like, they're not going out there.
Why do I sign up for that job?
I mean, you can.
Let me connect you to this guy.
No, I think you make it yourself.
I think you make it yourself,
is you are the person selling the no option on all of these.
Just picking the right ones and selling the no. there is an arbitrage game to have you had there
but maybe right here is this the fact that it's a marketplace as opposed to well as i will say
it's a yeah it's a marketplace as opposed to it being us versus the casino and stuff like that
it maybe does change this a little bit where the market just naturally takes care of itself
yeah i mean like look at look at casinos right if you look at the poker tables and stuff like you think that the
casino is paying people to go in there and flood the tables and everything to fold the poker tables
like no people are doing that themselves they're trying to arbitrage it themselves whether it's
cheating whatever it is i doubt that there'll be much cheating but like the casino isn't paying
people to go to the casino it's taking care of itself and i think that's happening with the
prediction markets is that the more exposure you get,
the more awareness you get of it, people are going to start doing it.
And then you're going to have the people sending people into the games, you know, like you
can have these big companies that kind of like Uber, right?
Uber isn't directly hiring every single driver.
But then there's these subsidiaries, not subsidiaries, but these other companies of
like these massive amount of drivers that are paying
people to drive the Ubers for their company. And I would be surprised. I think that middleman is
less data providers in prediction markets and it's market makers. Yeah. So why would you need it?
Why would you need data providers in that case? The key and me and Sock Talk were in a discussion
on this the other day. The key is liquidity. At the end of the day, if there's liquidity, the market will be more efficient than if there's not.
It all comes down to, is there enough liquidity?
From what we're seeing in the rise in liquidity, I think there is.
Yeah, there will be.
There's a tipping point where it matters.
I don't know if people have heard of Bovada, but Bovada is the most commonly used illegal sports betting application in the
United States. There's like 20 million users in the United States or something
crazy like that. 20 million accounts.
I don't say 20 million users cause they're probably not all unique users.
I'm sure many of those are duplicate accounts,
but it's like something like 18 or 20 million.
And from the last data I looked at.
There's a lot of people in illegal sports betting states
that create a council on Bovada and bet with them.
Now, here's the thing.
Bovada does not use master data feeds.
Okay, I think part of the reason for it
is they're not a US registered entity,
so they can't get access to them.
I think that's part of the reason why.
But anyway, they use a third-party data provider.
Now, third-party data providers do a very simple approach, okay?
They just collect the data.
So NBA game ends, box score is available.
They just scrape it, right?
Now, there's issues
anytime that there's a change.
You know, sometimes there'll be a rebound
that was put in the box score
that the NBA goes and changes
three hours after the game's over or whatever.
Or, you know, there was, I don't know what,
six extra team rebounds
that were counted as offensive rebounds.
This happens in fantasy football all the time, the stat correction.
Yeah, anyone who's played fantasy, that's a good point.
And if you've ever played fantasy football or basketball,
you've noticed this where there's a late correction
or some guy got three extra receiving yards than he should have or whatever.
This happens all the time, okay?
And so lagging data feeds feeds their biggest issue is correcting the
corrections after they've scraped the initial data after games end it's one of their biggest issues
the other issue they have is delay okay because when you're using a master data feed when you're
watching a cocky game and the puck hits the net it is immediately registered in the nhl master data feed when the puck hits the
net and it's right like the second the goal turns on the thing you're watching on the screen it goes
from zero to one it is registered in the feed instantaneously and when the corrections are made
it is fixed in the feed instantaneously and then other providers go to the nfl or the nba or the nhl they're the
only three that have exclusive data feeds they go to one of those three major american sports
and they say hey we don't want to worry about corrections and data scraping and all these things
we just want to copy your feed and so when the corrections are made the corrections will be made
on our end too and so most people do that but it's very expensive to do that you need to be a
u.s registered betting entity in order to do that or a U.S. registered media organization in order to do that.
So whenever you're seeing like Red Zone or you're watching like those NFL Network shows or you're watching an NBA game and they have like stats appearing on the court, all of that stuff comes from a master data feed and is integrated into the broadcast or into the betting operation.
I've explained this before, but that's what it is in a nutshell.
Now, with prediction markets, there's an argument that at some point,
like M said, when the liquidity is high enough,
that it will make sense for them on behalf of their users
to say we should have a master data feed enforcing the payouts on these bets,
rather than it being a purely party to party transaction,
because there may be mistakes along the way.
You know,
you may have a bet with somebody else appear on the platform on a prop bet on
quiet Leonard's rebounds or something.
And,
you know,
it's a,
let's say it's,
you know,
six,
the line six and you,
you take over on that.
And then the NBA corrects it and you lost the bet, but you actually didn't because the NBA correction and he actually did get seven rebounds.
Like that's it's that kind of stuff that it's going to prevent.
I'm sure there's not a ton of it happening right now because I don't think there's been any multimillion dollar disputes over a fixed prop bet or something.
But at some point when there's enough people betting it will happen a lot
and then these these companies will be forced to look at themselves and say okay should we pick up
master data feeds for all these sports and integrate them into all of our sports betting operations
and that i think is probably the base case that probably happens but until it happens i can't just
assume they're going to do that and they won't find a workaround so that's why i'm not long on
those names but if that did ever happen then's why I'm not long on those names.
But if that did ever happen, then yeah, I would get back long on Genius in a scenario like that.
Yeah, I thought that was a good conversation there.
It's an interesting one.
It's definitely a theme that I don't know exactly what's going to be happening this year, but it will be front and center.
These prediction markets,
I bet you that head of the legal stuff
will make its way this year.
I feel like that's coming.
I bet you I'd be shocked if there isn't a partnership
at some point or something like that. I imagine
2026 is going to be
a year where we find out more stuff about this market specifically.
I don't think it's going to be a 2027 one,
2028, etc.
I will say though, my base case is also that these guys are going to meet no
resistance.
I don't think anyone
is trying to stop these guys.
you know, for what it's
worth, I don't like the outlook
for sports betting companies.
It's funny because sports betting companies have put physical Vegas casino
in a bind.
Now they're getting put in a bind.
And I bet you it's going to come full circle and one or two of these Vegas
companies are just going to buy,
I don't know if it's CalShare Polymarket or another one.
Yeah, a year ago,
DraftKings C-Suite was probably feeling amazing about their opportunity
because they're like, look,
we're a duopoly in the United States for sports betting with FanDuel.
And Vegas traffic is down three years in a row for the first time ever, ever.
You know, Vegas traffic is down to 2007 levels.
It's not 8% this year, foot traffic in Vegas.
I'm not saying Vegas is dead, but Vegas is dying, and it will continue to die over time
until they can pivot on what they're offering.
And Vegas is pivoting to sports for this very reason.
I talked about this two weeks ago, too,
when we were talking about this.
Vegas is pivoting to physical sports for this reason,
because they realize that, like,
they have to keep an edge
in the entertainment-associated impact of gambling.
Like, gambling is entertainment.
People treat it as, like, an extension of the financial world,
but it is really just more so an extension of the entertainment world.
And what's happening is that people realize, like,
oh, I'm not going to go to a physical casino
because I can do all my betting online anyway,
and I can still get the thrill of the bet and the entertainment of the bet
by watching the game on my couch on a 100-inch TV
than I can in a sportsbook.
So that aspect has been a headwind for Vegas.
And now Vegas is looking at themselves in the mirror like,
how do we keep people in the city who want to gamble?
And the best way to do that is to say, well, you can watch the game live
in person and bet on it.
So that's what Vegas is pivoting to.
That's why they got an NHL team.
That's why they're working now.
Adam Silver was just talking about this a week ago.
He's talking to two investors in Vegas now about an expansion team to Vegas.
Or maybe they'll move another team.
I don't know.
But that's going to happen.
And so then you'll have the NBA, NFL, and NHL in Vegas.
And then Vegas will say, oh, okay, by the way, you can go to the game.
You can bet in person.
We'll have people bring bet slips to suites.
It's stuff like that where you keep the betting compelling in person
because you differentiate it.
Like, this happens all the time in all sorts of industries
where a disruptor appears
the disruptor offers something that is that differentiates their offering from the legacy
offering and then for in order for the legacy offering to survive very often what they have
to do is either just enter that new disruptive theme they acquire somebody or they open up a
new vertical or they try to further differentiate
their own product to compete more and that's what vegas is doing because vegas knows they can't pivot
to online gaming defeats the point of vegas point of vegas is that the people are in a physical
location gambling right all the casinos are next to each other on the strip you know you go off
strip yeah sure there's other stuff but like% of the money flow and initial investment, the tens of billions of dollars
that we're used to build these casinos is all about physical in-person entertainment.
And so they have to find a way to make that compelling again.
And they're doing it through sports.
I think it's a decent idea.
I just don't know if it's enough.
They're going to have to bring other things like the sphere.
That was another one of these sort of, you knowarts where they're like okay you know we'll bring up we'll bring a very very compelling theater venue that people can't get anywhere else
and maybe it'll be an excuse for them to come to vegas and we'll try to get you know compelling
artists that they wouldn't normally see i really really want to go to one of those i think they
have one in dallas is where it is i forget like the Ampliator thing where you're watching it yeah I've been there yeah I've been it's not as cool
no good job making it look cool yeah you know okay look it's better than watching a game on
your couch like the screen is dope it's like immersive like when I went I got a pretty good
seat but I think if you were sitting in the back it would not have been as cool like when I was
like walking around the place like I went to the bar and stuff,
the screen doesn't look as compelling from there.
But it's like a mini sphere.
But it's like the violence is creating it there.
They have camera angles that you can't get on.
I guess they made a deal with the NFL or something.
But they have camera angles that you can't get on the normal broadcast.
So that's cool too.
They have like a field goal camera angle where it's like right behind the field goal post um when they're kicking field
goals looks very different from the nfl camera which is like a little higher set so i think
cosmo has their own cameras there but yeah it's cool the sphere is way cooler i mean if you've
been i've been to this for a couple times very cool um but they're gonna need to do more things
like that
and bring, like, unique entertainment venues.
I mean, it's part of the reason why they brought in F1, too.
Right?
NHL, NFL, NBA, F1, sphere.
They're going to try to cram as much as they can on that strip
and hope that people are like, oh, okay, yeah, I can bet at home,
but I can't bet like I can in Vegas with the same style and like watching the events in person.
It sounds like stupid to people who don't care about betting, but for people who care about who like it's a part of their life and it's like a big entertainment factor for them, which is a lot of adult men in the United States.
For them, it does matter because they need a reason to go.
And so Vegas is in a tough spot right now.
And so are the sports betting companies because they've got to pivot to prediction markets if this stuff doesn't go away.
And I think they're doing a very slow job of doing that.
DraftKings did make an acquisition.
I don't know if FanDuel has done anything yet.
But DraftKings made a prediction market acquisition.
So maybe that pays dividends.
I will say, though, it's hard me to to make these type of things when
i'm in that situation i don't think i would have done better so i mean you can keep that in mind
here but just watching robin hood management team how quickly they were able to jump on this theme
and watching someone who is probably in a more closely related theme not jump on it for six
months and wait until it hits terminal velocity
and then you start to think about it does make me pull back and retreat myself a little bit and be
like is this do they see where the puck i don't know if you get what i'm saying that is what
worries me more is that we're talking about the stuff now from draft kings when they should have
been making this move where robin was. I looked at the management
of these teams
and they were so happy
a year ago
because they were
on top of the world
and stuff changed
really quickly
and they didn't change
quick enough.
I mean,
I think this is more
of a software perspective
or product manager perspective
than the actual
noticing what's happening.
Like,
you're talking about
an entire group
of software engineers
and product managers
that are totally focusing on sports betting in general this is this is 2025 we love to make an
announcement before the product's ready all they had to do was hint that something's coming soon
a year ago and then put it out six months ago and then they would have been fine i do hear what
you're saying that's like basically doubling the software engineering team and doubling costs
yeah well the company is over.
And software engineering is super expensive.
How does it go for them now that they didn't do it?
It's not going good.
And I think it's very, yeah, no, you're right.
They put themselves in a corner now because now they're going to incur a lot of costs
and basically revise their entire application to accommodate sports betting.
And even if they make this acquisition, whatever it is, that is very costly.
Robinhood already has the engineers to do that.
And they're able to repurpose them in order to build this prediction market.
And they already built the base of it.
So in order to add these additional features, it's just very easy for them to tack that on.
Which we were sitting here talking about this like three months ago.
I don't know why they don't make the options overlay and everything like that a lot more simpler.
I did open a Webull account just to track the performance of specific options,
kind of something of what StockTalk does for that very reason.
But I don't know why Robinhood does that.
But that said aside, like, I mean, Robinhood does have the accessibility
in international markets that a lot of these other companies don't.
And it's mostly due to jurisdiction.
So maybe they can't offer prediction markets overseas
because I didn't see that when I was in Europe.
But I mean, they already have the presence there.
So it's very easy to talk to whatever legislation
they need to talk to
in order to be able to get that out there.
But especially with the tokenization,
that has more leeway in Europe than it does over here.
But that's why Robinhood's ahead
because not only do they see this ahead of time or
try to take a leap ahead of time but they already have the connections right so even if like let's
say they they never enable prediction markets on the state level or even sports gambling still
stays banned in california and new york and whatever it is i think robin hood is already
light years ahead because they already have those connections and they're continuing to build on
those connections ahead of time before these other markets actually
can or don't even have in the first place.
I mean, I do think, though, that the reason my Robinhood is not sitting in all-time highs
while the market's near all-time highs has a lot to do with crypto and not because of
the fact of the price of crypto, because if crypto is still sitting here 35% from all-time
highs, not many people are going to trade crypto.
People are going to stay away from it.
They're going to look toward contracts and everything.
Holidays probably isn't a good thing as well.
But there's still a lot of factors that Robinhood is not in control of that is going to impact
the profitability terms.
I think the market is looking at that.
The market knows that not many people are trading crypto right now because it's so suppressed.
And I think that's kind of what's holding Robinhood back. In fact, last week when crypto went to like $95,000 for Bitcoin,
look where Robinhood was at.
It was near like $125,000 or I think it was a little bit higher than that, right?
And then it pulled back and, you know, it's not directly correlated with crypto,
but that matters toward its top line revenue.
It generates a lot of revenue from the fees that it charges for crypto trading.
It is enormous
how much they charge
for fees for crypto.
And it's not just the actual fees
themselves or the spread
that they give you,
whatever it is.
Like everyone who's in Robinhood,
not everyone,
but a lot of people in Robinhood
don't use limit orders.
They just put it in,
they swipe up, done, right?
If you look at how much
you're charged on that spread,
it's insane how much it is, right?
And I think it's deterring a lot of professional crypto traders
where I'm pretty sure professional crypto traders
are not using Robinhood.
They're using Coinbase or whatever other company they're using.
So when you have this kind of narrowed market in crypto,
especially now that crypto markets are pretty suppressed, not many people are using it, it's going to affect the top line, right?
There's actually a little bit of talk I'm hearing where it's like Robinhood might have
topped its growth capacity right now because of the fact that they've already, actually
I wouldn't say already, but they've already, not already, but they somewhat have taken
full advantage of the easy comps from last year as far as previous top-line revenues versus today's, which means that the growth kind of topped for the moment.
And growth stocks have to retain growth rates.
And if they don't, the momentum is not going to die, but it won't be as strong as before.
So it'll make it very hard.
Like, look at Palantir, for example.
If Palantir wasn't continuously re-accelerating its growth rate, there is no way the stock would
be trading at where it's at right now. If Palantir was decelerating the growth rate in any way
whatsoever, it would not be trading near 200 bucks, but it is. Palantir is, and they're guiding
for higher growth rates. So that's the reason why. And I think that has a lot to do with the stock
itself. And if you look at any other stocks from the outside as well, like Salesforce or even Adobe for that matter,
maybe not so much for Adobe,
but like for other growth stocks as well,
if you're decelerating growth rate
before you reach that profitability,
Robinhood excluded, you're going to get hit.
That's just how these growth stocks work.
It's very difficult, unless you're expanding margins,
unless you're expanding profitability,
if you are decelerating growth rate
without showing that forth,
then the market's going to come for you.
You saw the same thing with 7.1.
They were growing at above 30% growth rate,
still have not reached profitability,
and they're decelerating its growth rate.
The market hates that.
It's trading near the lows.
So I don't know, that has a lot to do with these stocks.
growth stocks need to continue growing and therefore accelerating growth and profitability.
Growth stocks need to continue growing
and therefore accelerating growth of profitability.
I do think Rob, long-term could have some interesting levers.
Right now, we know it's not the best product for traders.
And maybe traders are getting looped in there, but that is not their core audience.
Traders are the most profitable users of brokerages in this space.
So growth
on numbers would slow.
Growth on profits and margins and all that
stuff like that should still be
able to grow in that area. But I think the
prediction market is a little bit of an example of them
kind of breaking out of
a TAM expansion is what we could say
because I don't think that would have even been involved in this stuff.
So, yeah. Robin, there is a a TAM expansion is what we could say, because I don't think that would have even been involved in this stuff. So yeah,
there is a game of how many free easy accounts you can get in the U S of
people.
And maybe they're closer to the end on that one.
But then you think international,
which they really don't have much penetration in EU is pretty much all,
I believe it's just crypto is what's available in the EU at this point in
time,
maybe some stock tokens or whatever.
But I was talking with Eva who's in the UK and she's just like it's not a super compelling
offering right now so we'll see I don't know but you know maybe they are closer towards the end
than the start of acquiring new US users maybe not we'll see yeah yeah we'll see with that one I mean
if if the growth deceleration was the case and not expanding on profitability, which it's very difficult to see at this point, then if they start doing buybacks, I would not agree with that as a shareholder.
Like, I really hope they don't start doing buybacks because that is not going to give a good sign.
because that is not going to give a good sign.
That's like Amazon starting to buybacks.
Like, the shareholders would not like that.
Like the shareholders would not like that.
And I'm not going to say that they're going to start doing that.
But if they do start doing that, which you've seen with a lot of other companies,
I don't know if that's going to paint a good picture because it might tell people like,
look, we can't find any other growth vehicle or any other markets to go with all this money
that we have as far as free cash flow goes.
Therefore, we need to start buying back our stock.
It's not going to signal the stock is cheap.
It might signal a little bit of position of weakness.
But we're still yet to see.
I'm sure there's a lot of runway for this company to go through.
But right now, it's kind of difficult, right?
Especially with crypto where it's at.
And that's something that I find kind of surprising.
It's like, dude, we're sitting here near all-time highs.
And crypto is just everything above Bitcoin 90K, everything above Ethereum 3000, sell.
It cannot stay above these levels.
And I think in order for this market to continue, you don't have to have that.
But in order for the risk on, total risk on to continue, you need to have that.
How can we push higher highs in the market
if Bitcoin, one of the riskiest assets in the entire world,
is not rallying?
Or at least anywhere close to it.
It's still 35% down from its all-time highs.
We are coming into the final part of this, Spaces.
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Especially as they say something that's smart,
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we are live every single Monday through Thursday,
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up and I'm gonna keep saying it until we just do it but live streams are coming soon today to talk
about it I don't know but live streams coming soon live streams coming soon I appreciate y'all
um stock talk maybe close it out with you uh if you have a long
thoughts we'll see how long you're here talking on crypto crypto crypto crypto a theme that has
not been stock talks favorite for a little bit um you think there's ever a world where uh stock talks
on a space getting into a crypto theme. Are we too far gone?
I just don't need it.
I don't need the, like, I just don't need it.
I've thought about it, but, like, I mean, I'm outperforming every crypto asset this year.
Have you actually thought about it, though?
I have thought about it.
No, I don't, I'm not scared to trade anything.
I mean, I've been in many themes this year.
Everything from nuclear to data centers to aerospace and defense.
I mean, give me three weeks, I'll learn any industry.
I'm very confident in that, like in my ability to learn quickly and understand things.
But that's not what it's about.
For me, crypto is just like the only reason I would want to be involved is for the upside.
the only reason i would want to be involved is for the upside and like i mean i my portfolio is up
more than any crypto asset this year same for last year um and that's with a portfolio i'm not all in
on one stock so why i just don't need the crypto exposure like why would i give myself the headache
if i can outperform the entire crypto complex picking stocks why the fuck do
i need cryptics what it doesn't make sense so no i i have thought about it but the only reason i
would want it is like oh am i missing out on something you know like even even if bitcoin
were like let's say go back to 100k like what is that from here 10 yeah okay Okay. Or it goes back to 120.
Let's say doubles.
It goes to 170.
In the time it'll take Bitcoin
to go from 88
to 200 or 170
or 150 or whatever,
I will find 10 stocks that will double
in the meantime.
Galaxy.
Yeah.
I like Galaxy as a data center play, but the crypto exposure is weighed on that one a lot Meantime. Galaxy. Yeah. Well, yeah.
Yeah.
I like Galaxy as a data center play, but I mean, the crypto exposure is weighed on that
one a lot in terms of its performance.
But yeah, I mean, I will, I'm very confident in my ability to find stocks that can double
and find them frequently.
So if I can find a stock that's going to double in a quarter, like why am I going to waste
my time like sitting in crypto assets putting capital
there losing opportunity costs and just like waiting for something to happen when it when
it's much harder to build conviction there like there's no there are catalysts i guess like when
trump talks about crypto or whatever or someone big buys some crypto but there's no real catalyst
in the in the sector there's no earnings report there's no data to track. There's no, like, I can't build a thesis. I can think on like a big zoomed out perspective, 30,000, I can be like,
oh, well, you know, I can do the Tom Lee Ethereum thesis and, you know, put that out. But like,
I can't build a company specific thesis. And that's like my MO. So I have confidence when I
hold stocks
because I'm like, Hey, this is going to happen. This is going to happen. This is going to happen
to earnings. This is going to happen to revenue, or at least I think so. And that makes it very
easy for me to hold my stock. Cause I'm like, look, I have an ABC XYZ thesis here. I can't
do that with crypto. And if, if let's say crypto was like just shitting on all other asset classes, like just ripping every day and like, you know, never going down with the market, then yeah, I'd be like, fuck, I need some crypto exposure.
But it doesn't do that.
Like, yeah, Bitcoin's had a hell of a 10 year run.
OK, and it's going to have a hell of a next 10 years.
a hell of a next 10 years. I'm not bearish on Bitcoin. I don't want anyone to misunderstand
I'm not bearish on Bitcoin.
I don't want anyone to misunderstand what I'm saying.
what I'm saying. I just don't need a ton of exposure to the asset for me to super perform
in the markets. I can do that with just stocks. So that's like my thinking on that is like,
I don't need to do it. Like, yeah, I could go buy a BMNR or buy a Galaxy or whatever.
And like, look for some high beta exposure and just sit on it or buy some calls.
I mean, the IV on those is ridiculous, but, you know, I could do that.
And then maybe I'd smile or smirk or whatever if it ripped.
But like it's not.
Just doesn't make sense from a performance standpoint.
If I was underperforming crypto.
Yes, I'd be like, I need some crypto exposure, but I'm outperforming every crypto asset.
So what does it matter?
That's my thinking.
I appreciate the thoughts there.
I appreciate the thoughts there.
Crypto is an interesting one.
We've had some interesting crypto experiences on those spaces
throughout the years. We've had some crazies.
Sorry, real quick.
Did we get the Shipbuilder
430 thing?
What did he say?
He's about to go live
in just a second.
I thought it was 430.
Okay,
so it was 5.
Got it.
Well,
I think it was 430.
I think it was 430.
It's always 30,
45 minutes
after he says it is.
I will say that Wolf Account should be opening a stock picks for the week spaces right
now uh so if you want more live content be illogical i'll let you come in give some thoughts
here um we're going to close this out after and you guys can go hang out there but um yeah logical
where we're saying i'll show you guys are dgens man it's a freaking holiday short week and you guys are doing the stock competition i love it it's great uh the grind never stops the grind never stops
i appreciate you all for coming in and hanging out with us today we're gonna be live again tomorrow
we know it's holiday week we just enjoy being here um but no spaces on wednesday no spaces on
thursday merry christmas happy holidays to everyone everyone. I appreciate you all for being here.
We appreciate you all for being here
and allowing us to be a part of your daily routine.
Every single day, 3 p.m. Eastern,
Monday through Thursday, we are live here
sharing some thoughts, rants, debates,
conversations, all that good stuff.
And just thank you guys for allowing us
to be a part of your, your daily routine.
And we take that seriously.
We are going to continue grinding.
Like I said,
live streams might be coming next year.
There's a lot of big stuff that are coming into the future.
And I am excited for it.
I'm appreciative that you guys are all get to be a part of it and support
And yeah,
if anyone has any final words,
you guys can feel free to jump in here.
Again, be live tomorrow.
That Wolf account is about to open up a little space there
to talk about some stock picks for the week.
A little trading competition.
Follow the speakers.
Join us back here tomorrow.
Have a great holidays.
Thank you, everybody.
Any George Kittle and Jawan Jennings score 100 points tonight.
Insights
P
