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STOCK MARKET TALK
Recorded: June 12, 2025 Duration: 1:34:22Space Recording
Short Summary
In a dynamic market discussion, key highlights include AMD's new technology launch, Coinbase's entry into perpetual contracts, and Genius Sports' strengthened partnership with the NFL, all signaling significant growth opportunities in the crypto and tech sectors.
Full Transcription
Music I did warn people at the start of that space
that that was going to happen.
No errors there.
Stupid freaking thing.
But I did just click a notification
from my main account from Stock Market News.
Damn it, Evan.
That was on a roll, too.
It's been in the genius sports, but I'm interested.
You want full transparency, Stock Talk? I bought 50 shares of Genius at the start of in the genius sports, but I'm interested. You want full transparency stock talk?
I bought 50 shares of genius at the start of your little rant there.
So we'll check back.
I do think it's a really interesting opportunity.
So I was actually on a roll there.
I was going to talk about that.
Give it half a second though.
Let's let our friends get back in here.
Yeah, I want to let people get back in here.
We're already back at 100.
So just to roll on the same page there, what just happened was is when you get a notification
from a separate account and you click it,
and if you're live on the spaces, it just ends it.
Instant.
Done.
So, yeah, it's not even, I don't know.
Make sure you undo the retweet of the old link.
Yeah, and I'll share this one out too.
But, yeah, we're going to start letting some people get back in here.
I apologize for that.
Again, let me go and share this one out to my main page too. Yeah, we're going to start letting some people get back in here. I apologize for that again.
Let me go and share this one out to my main page too.
We had an AMD story come out kind of during that around their launch.
And there's also a Coinbase story around them launching perpetual contracts in the United States.
I believe that would be around like Bitcoin and stuff and not like just perps on individual stocks or anything like that.
All right, Stock Talk.
We've got a couple people back in here.
We're back at 200.
Why don't we start maybe a little bit back on some of this genius sports thing?
Didn't I see an announcement today around DAZN and them as well?
Yeah, yeah.
So they had another small announcement today.
Does that one not matter?
Does that one not matter?
I don't know.
I don't even know if it does.
The main thing here is the NFL deal.
The main thing here is the NFL deal.
So, you know, like, as I was saying, a lot of shitty stocks running out there.
Genius has real revenue.
You know, this is a company that's doing $150 to $170 million in revenue a quarter, trading at a $2.5 billion market cap.
It's not even a crazy sales multiple, right?
And the market has valued this stock as a sports betting stock
for pretty much the entirety of the stock's existence and in my opinion following the
extension of this nfl deal that is no longer the appropriate way to value the stock in my opinion
and this is going to require some
execution over the next few years, there's a chance this will be valued as a software's
service stock. If that happens, the market cap could, I don't want to be hyperbolic,
but it could double. And what the real inflection in the story is twofold. First of all,
Inflection in the story is twofold. First of all, the NFL, they didn't have to extend the contract now.
They could have waited until 2027 to extend the contract. But they came to Genius Sports and said,
we want to extend the contract. And they knew by virtue of extending the contract that they would
take an increased ownership in the company.
And so what many people had believed about this industry is Sports Radar, which is Genius's peer company.
They're their competitor.
It's a duopoly space, just like airlines with Airbus and Boeing.
This is a duopoly space where it's Genius and Sports Radar.
Sports Radar is a much bigger market cap.
I don't know what the market cap is today on it.
Let's go see. But I know it's a lot bigger um let's see here sports radar
trading a 7.8 billion market cap okay genius trading at a 2.6 um but sports radar has the
nba and so what a lot of people thought was was was, hey, there's a chance that Sport Radar could poach the NFL.
That was considered an overhead risk for Genius.
And in my opinion, it was part of the reason why there may have been some multiple compression on it or an unwillingness from the market to treat it like a software company because of that overhead risk.
Because if they lose the NFL contract, like they do have some other valuable leagues.
They have Premier League, which is obviously a very valuable league.
They have PGA Tour, which is obviously very valuable.
They have NCAA postseason, which includes March Madness, which is obviously very valuable.
So they have some valuable properties.
They have exclusive deals for all those leagues as well.
They actually have Premier League through 2032.
They have the NFL through 2029 um they have uh the nfl through 2029 now
as of the deal extension and so i was just going through the numbers last night like looking at
the revenue eps printed negative last quarter by three cents but my thinking is if you look on the
ebita side and take the earnings per share perspective out of it, EBITDA is exploding to the upside.
Adjusted EBITDA 3X year over year, and their EBITDA margin went from 6% to 14%.
If they execute well, next year that EBITDA margin could be 20%.
And the thing is, because the business is a group of businesses and not just their sports betting data business, which is the best part of their business, there is a sort of disconnect between how the company should be valued.
Because the sports betting side of the business, sports betting data side of the business is growing at a 44% clip, but the group revenue is growing at a 20% clip.
going at a 44% clip, but the group revenue is growing at a 20% clip. So in my view, the revenue
looks muted when it shouldn't be because the biggest opportunity is in sports spending,
right? So that's where investors should be focused, in my opinion. And look, at some juncture,
if the NFL exercises those other warrants in 2028, they'll become a greater than 10% owner in the
company. And this will be the effectively
the only public way to get direct exposure to the growth of the NFL itself. And you get a dual
exposure to the growth of the sports betting market nationally, because everyone uses Genius.
They're the exclusive provider of data. So it doesn't matter if draft king was wins in new york or fan duel wins
they both have to use genius so that's what i meant when i said it was a winner agnostic plays
i like winner agnostic stocks i've made a lot of money on winner agnostic stocks in my life i think
i like them because they tend to go overlooked until they don't until the market realizes that
they will grow through the grow with the industry. And then that ends up being an inflection point for the stock. So this thing's obviously chopped
around. This thing went through what every SPAC went through post 2021, right? It traded great
as a pre DA SPAC. You know, there were plenty of trades to be made. And then after a de-SPAC,
it fell from 20 bucks or whatever it was all the way down to two bucks, like every other SPAC did.
But many of them, Genius being one included, have recovered now.
And as have the stories improved.
And that's the more notable part.
The story has improved, right?
A, people were concerned about their ability to grow EBITDA, which they've shown year over year now that they can do at an accelerated pace. If there's even a chance of that acceleration continuing, then they can become a
profitable company and the market will begin to treat them as a software as a service company at
that juncture. But the biggest deal about the NFL, I think, is that the overhang has been lifted,
that that client could have been poached from genius. So in my opinion, the stock should trade higher.
And that's why I opened a position this morning. I own the shares at a 975 average cost,
and I have $10 calls across the July, October, and January 2026 expirations.
I will decide at the juncture of the expiry of those calls if I exercise them or not.
But I intend to stick with this position.
And I think, you know, I obviously will have a maximum point of risk if the markets absolutely turn over and vomit.
And this thing falls below the 200-day moving average, which is down at $9.
Like I said, my cost average is, you know, at $9.70, $9.80-ish.
If it falls back down below $9,
below the $200 moving average,
I'll be out.
But if it doesn't,
then I'll continue to probably build into this position
because I do think the thesis is compelling.
So yeah, I opened that position today in Genius.
I just wanted to get that in before the close,
which is why I interrupted Logical to talk about it.
But yeah, this isn't like me trying to pump or dump a stock. This isn't like me. I don't
care if you guys buy it or don't buy it. I just think it's a good opportunity. And, you know,
it's really hard to time mid cap stocks. One thing you have to know about them is they're going to
be volatile. There's going to be days where it's down 10%. If you can't stomach that, just don't
buy stocks like this at all.
Okay?
No matter how compelling you think what I'm saying is,
if you can't stomach a stock being down 10% on a given day,
just don't buy stocks like this.
Because they will go down.
You know, and they will go up and they will go down.
And that's just how it is.
They're going to be more volatile than Amazon and, you know,
Apple and these types of stocks.
So if volatility isn't for you, just ignore everything I said and buy larger stocks.
But for people who can handle some volatility and wait for a story to develop, I think it's
an interesting opportunity.
And I put my money where my mouth was this morning and took an 8% position in it, which
is now basically a 9% position after this move that's had today.
What are some of the risks you're seeing?
I know you were talking about some overhang around, hey, is Sports Raider going to come
in and take that contract?
Obviously, they're renewed.
I think through 2029, a lot of the risk has been lifted.
It's part of the reason why I initiated the position.
I've known about this stock for a while.
I've traded it many times before, but I felt that I agreed that that was a risk.
That the NFL would defer to SportsRadar because they have more infrastructure, they're a bigger company, they're more well-known.
And that the NFL would just be like, you know what, we're just going to fall in line with the NBA.
And I believe SportsRadar also has the MLB, I believe.
So, you know, people thought, okay, the other major league will just fall in line.
You know, I think they even have the NHL, if I'm not mistaken. So the NFL was really genius's crown jewel.
And now the NFL came to genius and was like, hey, we are going to extend our deal early.
You know, not not when we have to, but we're going to extend it early and take that additional
equity ownership in your company like that's i mean i don't know how else to interpret that
other than bullish i mean it's certainly not a bad thing that the nfl wants a bigger stake
in the company and wants to extend the deal now they didn't want to wait right like that says
something about the the the decision from the nfl like they didn't want to wait till 2027 to
renew the contract and take those warrants that they get from the nfl like they didn't want to wait till 2027 to renew
the contract and take those warrants that they get from the contract extension they wanted them now
so i don't know what that means but i think it's bullish and look i mean i've wanted to play the
sports betting thematic we've talked about on these spaces before we've talked about like
draft kings and these other um businesses and i've talked about hey DraftKings and these other businesses. And I've talked about,
hey, the reason I haven't gone gung ho into that industry is because I think there's an enormous
amount of customer acquisition buffer, right? Like there's an enormous amount of spend that
has to happen to win these markets. And I think stickiness is still a question mark in that
industry. I'm not sure you can make the argument that any sports book is sticky, frankly.
I think if the offerings and promos are good enough,
anyone will just go to another book.
At least that's how I would operate.
I don't have any loyalty to a sports book.
There's no cutting-edge UI on any of the sports books,
I think, that's compelling enough to enforce stickiness.
So I've never felt confident enough
in investing in the sports books, even the digital ones, even though I like drafting draft Kings as a company,
and I think there's probably good odds that they went out. Um, you know, FanDuel is still a massive
competitor and I don't know how to, like, I don't know how to come to the conclusion of who's going
to win that market from the book perspective, but I do want exposure to that market. And I,
so I feel like this is a way to get that exposure without taking
winner risk, right.
Without saying like, I have to pick the winner.
You know, I think you can just say, Hey, I know the NFL is going to grow.
It's fastest growing league. It's the biggest league in America.
I know that, you know, sports data as in terms of how it's used is going to grow.
And I know that sports betting is going
to grow those three things i know and i feel like this to give this thing gives me exposure to all
of them so you know again none of these things are like hey i'm gonna hold it till one dollar
like if it breaks the 200 day moving average okay i was wrong and i'm done and i'm out but
until then i think it's a good bet.
Where is that 200-day moving average right now?
Obviously, it changes the last 200 days.
It's at 896.
Honestly, if you wanted to be more conservative,
you could use 100-day moving average as a risk.
If you wanted to be more conservative than me,
you could use 969 as your point of risk,
which it was literally at this morning. So, you know, if you want to use that as your point of
risk, use that as your point of risk. You want to be more conservative. It goes both 969. Be like,
okay, Brooklyn, I didn't moving average. I'm going to get out. That's perfectly reasonable,
but I'm willing to have patience here because I think there's a shot. The story improves.
You know, I don't take, I generally just take positions based on a catalyst perspective, as you as you know and there is a catalyst here i don't want to say there's not a catalyst
here because there is obviously a catalyst the nfl deal yesterday is the catalyst but this is a
thing where i think like markets price premiums based on what the market thinks the stock can be
and you know to become a viable candidate to be priced as a software as a service
stock you need to show a few things you need to show margin uh and growth and these guys are on
the precipice of being able to demonstrate margin and i think if they're capable of doing that the
market will massively re-rate the stock and look on a technical perspective stock talk just real
quick i want to say to be a software stock, another thing is predictable revenue.
So they need to have ARR more importantly.
Yeah.
And I think things like the NFL deal,
which is our main source of revenue being extended,
dramatically improves that too.
And, you know,
their ability to have the Premier League through 2032,
like they're signing major contracts.
Contracts are getting extended early.
That's fantastic for
visibility and you know i think when you look at this thing technically like i mean yeah i don't
know not everybody out there looks at charts the way i do probably but you pull up the weekly chart
on this thing the 9 ema 21 ema 50 100 day, all crossing over the 200 week.
Like that's, I don't know.
That's a bullish look on a chart to me.
I don't know.
I don't know how much more bullish it can look than that.
Like the monthly and weekly charts look crazy on this thing.
So I don't know.
I'm taking the risk.
I just wanted to tell you guys about it because I would like to tell you guys about it when you're in here.
Obviously, if you guys want to get these ideas when I put them out, like if you wanted to
get this thing at 990 this morning, join the discord because I put it out at
nine, not even 990, 967 this morning in the discord. So, you know, if you want to get a
head start on these ideas and not hear them on these spaces, come join the discord, the links
in my bio. But I do try to tell them about you guys about them when I do get here at 3pm, just
because I know you guys like to hear about what I'm buying and selling and all that good stuff.
But, yeah, like I said, look, I take controlled risk on everything.
For me, 8%, which actually now 9% is a big position, a very big position.
It means it's a high conviction position for me.
You know, if this thing runs a little bit more from here, it'll become a 10 plus percent position for me very quickly.
And for those curious, by the way, I know the stock's up 7.8% from where I bought it.
I haven't sold a single share or single contract.
So I'm not like selling into this move either for what it's worth.
You know, I'm not saying it's going to go up more tomorrow.
I'm not saying it's going to go up every day.
Please be mindful of that.
Don't tag me if the stock is down.
You know, your risk is your own, but I'm just telling you what I'm doing, why I'm doing it. going to go up every day please be mindful of that don't tag me if the stock is down you know
your risk is your own but i'm just telling you what i'm doing why i'm doing it if you find it
interesting then do your own research and you know do what you want to do but yeah i think the story
is very very compelling for me um only other thing other than that to mention from today
is imbrayer which is one of our other open positions.
I did not open that today. We've owned that for a while, but that, that stocks up 4% today. And what's a very choppy and kind of cloudy market where some stuff's down, some stuff's up.
That stocks up 4% today on the Boeing news, obviously, you know, for people that don't
know Embraer is the basically only company on earth, in my opinion, capable of disrupting the Boeing and Airbus duopoly.
And, you know, they don't make wide body craft.
I had a smart ass comment that this morning on my tweet, like, this is a dumb tweet because they don't make wide body craft and Boeing at a wide body crash.
Like, no, that's not the point.
The point is not just the crash in a vacuum. The point is that
they're duopoly and Embraer is the only other company that has a significant enough backlog
to potentially disrupt that duopoly. And if one day they decide to develop a wide body plane,
it could be a pretty blockbuster product. But yeah, I just love Embraer as a company. I think
they're awesome. I think the company is worth materially more than it's worth today but that's an entirely separate conversation i already did
one long form thesis for today so i don't want to blame bore you guys with my thesis on embrace but
um yeah that's what i think about genius uh like i said you can read my post about it
um nfl is their largest shareholder uh they own roughly 9% of the company, 8.7%.
They sell data, sports data, the data distributor.
You know, all that's those, like you go to a sports book in Vegas,
you see all those numbers like flipping and the odds flipping.
They do all that.
They do all the live capture data.
So like, you know, you place a live prop bet on any of these sites and it immediately registers when the basket goes in. That's genius sports. And they actually develop that proprietary. It's called vision capture sports data where they have these AIs reading, watching the game and when they know how to tell when a ball goes through the basket
versus hitting the rim or rolling off versus hitting the net versus it's pretty pretty dope
pretty remarkable same thing with the nfl like they know when the first down was hit
like you know and so that's pretty cool um but yeah that's they do. They provide data to sports betting and to leagues.
And they don't just do sports betting.
NFL has this new thing like Next Gen Stats,
which they're like putting across all their platforms.
That's built by Genius too.
So look into their products.
It's very cool.
You know, they have a big competitor.
Obviously, that's a big risk.
Everyone was talking about risks earlier.
That's a big risk.
They have a big competitor who is sort of the leader in the space sports radar
almost all the other major leagues are with sports radar they're also i think a great investment
i'm not knocking sports radar um i i you know i've traded sports radar in the past and
that chart looks great too and that company will probably do very very well too I think
I just like to look
for inflection points that's how I make
my living finding inflection points in stocks
you know just like we did in Nebius Corp
just like we did in Centris
just like we did in Archer
that's what I try to find I try to find a stock that's ready
to get repriced
and that's where I make my bread and butter
and so I think there's a chance the stock's ready to get repriced. And that's where I make my bread and butter. And so I think there's a chance
the stock's ready to get repriced.
You know, one thing I was talking about last night
that you kind of made me think about there a little bit
was like a completely separate topic here.
Completely separate topic.
So if anyone wants to go back to this,
you can definitely jump in on it.
But when you look at valuations between in really spaces that people are excited about,
when you look at valuation differences between the first place and the second place,
there tends to be very big differences. And I feel like when you look at NVIDIA,
when you look at Tesla, when you compare it to AMD and Rivian or whatever,
there seems to be a theme that continuously happens, that the market is willing to pay up
multiples that don't make sense for leaders in spaces.
And when you look at the second place, it is nowhere close.
And this is obviously a very different thing that you were just talking about there.
But, you know, with this AMD event today, with some of these other ones, it's an interesting
thing that I've definitely seen happening.
And there's a lot of examples of it.
I want to go over.
Yeah.
You have that example with, you know, many things,
even besides the chips out there, like you were mentioning.
I'm sure you're alluding to it as well.
You know, crowd strike versus 7-1, of course.
Very big valuation difference.
Why can't I see Sam?
I can hear him.
Why can't I see him?
It could be weird.
He is up here, though.
Did you hear my rant on Genius?
I don't think I was a rant.
I think that was a good pitch.
But what do you think?
Curious.
I like your opinion on these things.
I took a flyer on it.
I like the chart.
I did a small position.
I'm never going to open up 9% for a position.
No, no, I don't even mean that.
I'm not saying, like, are you buying it?
I'm just saying, like, what do you think?
Oh, no, I thought that was a good pitch because, well, no, I don't even mean that. I'm not saying like, are you buying it? I'm just saying like, what do you think? Oh, no, I thought that was a good pitch because, well, one, I think adding anything for me personally in this market, maybe people are thinking the same, is that I want to kind of diversify away from what's been the leaders for quite some time, which has been mostly tech.
uh logical is right you know you got to have you got to have some sort of forward looking indicator
of revenue generation that would be in recurring revenue um which i mean it really depends on a
case-by-case basis um remaining performance obligations i don't know if they would be
signing for that sort of thing but even talk about i feel like when the contract extension
even just with like that kind of catalyst like that will give it that will give it some additional
pricing power as well but also
you know the correlations as well like i don't see that this is correlated with uh tech heavily if
you're looking at xlk which is the tech etf for sb 500 if you're looking at xly consumer discretionary
um something outside of that correlation because at the end of the day you know unless if you're
buying like amazon microsoft google or whatever the market's at like 20 like your portfolio is
going to go down but if you diversify outside of outside of that to non-correlated assets that
might provide some drawdown risk uh when it comes to lowering the beta in your portfolio and for me
that i i thought that that is probably something good to add here if it were to do something if i
were to do something cash um but also on top of that it is a compelling idea idea, right? Like, I mean, if you think about the secular trend,
this is what I was kind of alluding to,
what Evan was saying for Stocks and Spaces
is that, you know, the reason why the leaders
in certain sectors and verticals do tend to have a formal line,
have a much more premium evaluation
is because you're not only betting on the leader,
but you're also betting the entire secular trend there.
So if you're thinking about AMD and NVIDIA,
obviously there's a huge TAM when it comes to AI infrastructure
and you're betting on that,
but you're also betting NVIDIA continuing to take market share as well.
So it's like a call option in the entire sector.
Going back to what you were saying,
if you're thinking about sports betting in general,
like DraftKings obviously has not performed very well.
And it's probably for many more reasons than I know,
because I haven't done my research on that as much as a lot of people have.
And you probably have though.
But that's a secular trend as well.
I mean, you're even thinking with Robinhood,
like Robinhood sports betting and prediction markets are becoming a very hot
commodity nowadays,
especially for people who are looking for some action outside of the overnight
markets and so on traders, right? Like, I mean, I use it myself as well. And that makes me
wholly bullish on the market. And there's a lot of improvements they can make when the, when the
Robin hood, um, I forget who was the chief broker shot officer was on here. I'm sorry. I forgot his
name, but Steve work. Yeah. When he was on here, he was talking about all these other new features
and you're talking and you hear like Vlad introducing new features for the in-person event soon. You know, it's, I'm sure
there's going to be a lot more additional features than you just know the prediction markers. We
have a, we literally have an administration that is perfectly okay with that, right? Like,
obviously there was a lot of red tape with the Obama administration. But I forget exactly how
it was with the Biden administration,
but they were a little bit looser with those requirements. But hey, if a government can profit
off of online gambling, they're probably going to allow it, right? So it's kind of like when you
think of the legalization of weed, right? The government can make a lot of money off it. So
well, why wouldn't they allow it at that point? I'm sure there's a lot more. I don't want to get into politics or anything,
but if the government can make profit off of it by taxing on it, then it's likely they will allow
it. And until they figure out a way to do that, it's likely it won't be allowed until they do
figure out a way to do that. And when it comes to sports betting, like obviously the government
is allowing it. You're seeing it allowed not only with sports betting but also on economic events and the beauty is any taxes levied would be on the books not on
the data providers yeah so i do wonder how that lower if that lowers down total amount betting
you know like there is what's at one of those states there's now a culture illinois now has
a surcharge right on a lot of their sports bets.
So it'd be interesting to see if that lowers the amount of people betting on legal books.
Maybe it goes back underground.
People use Bovada.
Okay.
And Bovada uses Genius.
Do they?
I've used Bovada too.
I mean, sorry, not to be.
I've looked at the website too you have to
use genius to get the official nfl data for the period end of story you have to use genius they're
the exclusive provider of nfl data and and the thing about the nfl is is like if you're gonna
have any league right like people look at sports radar and they're like oh they have the nba the
mlb like the nhl like if you're gonna have any league for sports betting you want the fucking nfl like that's the league you want
right like genius had a crazy day for data traffic they had like they had like i think like 300
million users globally using their data on super bowl day like that's crazy for a 2.5 billion
company like that's crazy like i just was.5 billion company. Like, that's crazy.
Like, I just was doing so much research this morning.
I spent four hours this morning reading the NFL deal, reading the warrant deal, reading the deal extension, reading Genius's last earnings report.
I read their last two quarters.
I'd read two summaries of their last four earnings calls.
Like, I just went super deep dive and found out a bunch of stuff.
I was scratching my head.
I was like, dude, this must have been a huge overhang.
I think everyone and their mother thought Sports Radar was going to steal the NFL.
That genuinely feels like what's going on.
I even read this note from Texas Capital Markets which
is a super small equity uh research shop they're not even I've never seen a great call from them
or anything but they did a note on Genius yesterday too around the deal and they were like
is the has is this the reason like the stock has been so compressed
is because like people thought this
wasn't going to get extended and now it got not only extended but extended early like i don't know
so yeah it's just very very interesting and i mean i look at you guys know i look at so many
stocks every week and like most stuff is not that compelling to me like most of them just like
okay i'll take a three or four percent position and throw some options at it and see if it works
and whatever but like this this morning i was like wait a second like this is there's something
here that i'm that's the market's not seeing so yeah anyway i've done enough ranting on i don't
want people pound the table on it then it's down three percent tomorrow and people come from my
head so that's enough pounding the table on it at Then it's down 3% tomorrow and people come from my head. So that's enough pounding the table on it.
At least they'll be in the spaces.
It is going to go down at points,
guys.
It's not a big market cap.
It's 2.5 billion market cap.
Know what you own,
know what you're trading or whatever you're doing with it.
It's a small market cap.
It's going to go up,
up a lot.
It's going to go down a lot,
that kind of stuff.
But I'm not selling any.
I'm not leaving.
Where's that?
I'm not fucking leaving.
I'm not fucking leaving.
I'm not selling a single share or a contract, single contract.
And my contracts are actually up a lot because I bought them at the open.
So, like, I could be a seller here, but nah, I'm not looking for a 7% move on this.
What's up, Bolfi?
Just two quick points.
You were saying about how generally there's a leader, and then there's secondaries.
Leaders lead.
That's a thing that everybody knows.
But generally, even when you have a leader and then you have people searching for
the second, third, fourth options, a lot of times the leader will end up buying out those competitors
at a later date when they don't actually compete with the leader. So an example I can give you
that's not, you know, anything that we're seeing today with NVIDIA and chips and stuff like that
is like, take a look at like Trulia and Zillow.
They went to market, if you go back in time,
they went to market right around the same time because it was a hot thing.
And it was always like Zillow was the leader, Trulia was second.
And they kind of competed and the share prices never were in line.
And eventually Zillow bought Trulia over time.
So it's your little boomer thing. never were in line and eventually Zillow bought Trulia over time. So boomers,
your little boomer thing.
Second thing is he's talking about genius,
same kind of concept.
If you're like one of these people that's like,
I can't really,
I don't really want to buy the,
the,
the small caps.
I like things that are more established the same logic for like data
providers.
Like eventually we'll talk about agentic ai and um you know eventually people
are gonna have algos for everything and things of that nature the same concept for being a data
provider take that same concept to apply it to the brokerages cboe cme nasdaq etc they have the
moats it's the same exact concept so what he's talking about, if it plays out over time, you're going to see a similar type of concept to how the CME trades
or how the CBOE stock trades or how the NASDAQ stock trades,
if they have the concentrated data, right?
So if you're looking for something more mature,
if you want to see if it plays out a certain way or have an analog,
there's an analog that has nothing to do with sports betting.
I believe CME Group is the one that pays out a big special dividend each year based on profits or something.
I'm pretty sure that is the case, yeah.
I know they do pay a dividend, but I'm pretty sure that's the one.
It's either them or the CBOE.
Yeah, no, it's definitely one of those two.
I have a tiny bit in my eye, right?
Sorry, I can honestly even just tell you.
Yeah, but my whole point is if you just take a look at those charts, right?
Like up and to the right, boring really you know predictable revenue stream people only using
derivatives more and more only using data more and more so if this thing does work out like a
mature a mature version of to comp it to isn't the sports betting side it's compared to other
data analytics providers.
And the ones that I can think of that we all use every day unknowingly are these.
So if you want to take a look at something that's kind of in the same ballpark,
but not exactly the same, that's where I look.
Exactly. IBKR, HUD.
No, but he's even talking about the layer taken away from it,
the layer of the exchanges providing the layer of like the the exchanges
providing the data to those brokers yeah so that's that's basically the different like they're the
business he's describing sure they have a betting side but i think what stock doc's saying correct
me if i'm wrong what he's saying is the data provider analytics aspect of it that that monthly
ar you were talking about is the business.
Things like 90% of their margin will probably come from that if it works out.
So what all I'm saying is, if you're one of these people that like, oh man, I really like
this idea.
I just don't trade small caps, right?
I don't want to trade something or I'm not really sure how to compare it.
Compare it to this kind of stuff.
Compare it to the data providers for legalized gambling.
That's not really gambling, but it is kind of gambling, which is traded, right?
It's the same kind of concept.
They have all the data.
They have all the contract information.
If you want to build an options house, for example, you have to use those data providers.
Same kind of concept.
So I think that's kind of like the logic.
It's not really a gambling play,
even though they have that as part of their business.
It's more of like an analytics tool
and the cleanest analytics tools that I can think of
that have something similar are these guys.
And these guys all have the moat.
So yeah, you could take it as a comp
or you could take it like I want something more mature.
It's the same kind of thing.
Yep. Yeah. There's a huge analytics angle and and that they can leverage for additional revenue and the data distribution angle is also a big revenue generator as well because they don't
just have the exclusive data rights for the nfl they also have the distribution rights for that
data so there's a lot of tertiary products that get built out. There was an ESPN live data product where they were going to try
to put it on some live broadcasts and genius built that. And there was a bunch of others.
There was like something during the Superbowl that this company was trying to do with these
live replays and they're broadcasting them and genius
got like a 5 million contract to build that so it's like these these incremental revenue things
that um they can do because no one else can use the data without their permission either because
they're not only the provider but the distributor and the analyzer um of the data so yeah it you know i think the analogy that wolf
rod was a good analogy the analogy of like the provider the you know if you're a brokerage you
need to go to the data provider to get your data and all the brokerage has got to go to that data
provider that's kind of what genius and sports radar are for the sportsbook industry and you know
i think they're like i said i think they're both good businesses. Like I think Sports Radar is also a good business and probably will also be a good investment. But at this point, I'm familiar with this type of license. I have a private investment company
called Status Pro. They're the only augmented reality video game that's NFL licensed. And the
NFL only has two licenses for... Is it that Lamar Jackson game? That's the Lamar Jackson game. Yeah,
I have a very sizable investment in the company. But they only have two licenses. It's them and EA.
It's them and Madden. That's it. and they're the only ones that have the augmented reality version of it and typically with
the nfl from my experience in having this investment they don't go around spreading out the licenses
and what they do is the ones that they do give the licenses to if they've got if they've got a runway
they invest alongside so if you just go look up,
you could do the same thing he just did. Just go look up Status Pro, for example. You'll see the
NFL as an investor on that, which is basically their way of firming up support for whatever
that runway that they've given this company. Now, obviously, if you get towards 2030 when this deal
expires and they haven't made any runway, maybe the product's gotten worse, whatever, by then,
by then the trade will have sorted itself out. And then you'll be able to see whether or not the
NFL doubles down or triples down or whatever. But I think the point that he said, I'm just
talking about it. I have no, listen, I have no position in the stock, and I probably won't have
a position because I've already invested in Status Pro. I'm just talking about it from a logistical standpoint.
The NFL investing alongside basically kind of gives their stamp of approval, gives you that runway.
And then the second thing is you've got five years to figure it out.
You know, as you get closer to that, if they don't sort it out, you'll know before then.
And then them, you know, re-upping basically right now kind of basically says yeah we like what
we see we're gonna we're gonna give you the secondary shot and this is not the only company
that that um that put a bit into it uh there are a couple of other companies outside of the ones
that he talked about one of them is backed by amazon which didn't pan out so even amazon if
you go look at amazon their prime coverage, they use next gen sports,
which is owned by this. And I know this because status pro, which I'm invested in, has also used
some of their data. So just wanted to throw that. Status pro also uses next gen, I think, right?
That's what I'm saying. They also used some of their data. I don't know if status pro is,
I'm not going to speak. I don't know what I'm allowed to say, what I'm not allowed to say,
but I don't know if status pro is going to eventually build out their own thing
because i think that's what ea does uh but i do know that for a while they did use some of it
and if you look at some of the stat if you're not familiar status pro they've they've now been used
on espn um when they do the espn stuff where they put on the headset, I think Orlovsky does it, they will point out like, oh,
this had a 2% chance of being done whatever. That's the next gen stats. That's like, if you
want to pinpoint something, that's the next gen stats. The other thing is Amazon, when they do
the little commercials on their Amazon Prime, they're like, he made this throw and it had a
4% completion chance and they caught it here, which is like, that's all next gen. That's what
he's talking about here. So when I'm comparing the That's what, that's what he's talking about here.
So when I'm comparing the data horde,
that's, that's when he's trying to say it,
that's the more interesting side of it.
Like the, the gambling's the gambling.
Who gives a shit?
Like people are going to come and go with gambling,
but if they could prove that out,
they've got a five-year window.
If they could prove it out, then you've got something.
By the way, really quickly, Adobe just out.
EPS beat, revenue beat.
I haven't seen a stock,
but Adobe earnings are out.
Stock's up 6%.
Yeah, to Wolfie's point,
visibility and runway matter a lot
when you're a smaller company.
And at a 2.5 billion market cap,
the fact that you get an extra
five years of visibility with this deal,
well, four years of visibility
technically through 2029,
you get an extra four years
of visibility with this deal. You get four years of visibility technically through 2029. You get an extra four years of visibility of this deal.
You get an early renewal of the contract, which is a testament to confidence from the
company.
And it's especially a testament to confidence of the company because of the fact that that
early renewal involves unlocking an additional tranche of warrants, which increases the NFL
stake in the company.
So it's not just saying, hey, we like you. We want to renew our data contract early's not just saying, hey, we like you.
We want to renew our data contract early.
It's saying, hey, we like you.
We want to renew our data contract early,
and we want a bigger stake in the company now, not in 2027.
You know, that's effectively the statement that you're making.
And to Wolfie's points, the NFL does not throw licenses around.
You know, outside of app apparel even in apparel
they're pretty strict but it so hold on real quick real quick real quick yeah that that point right
there even in apparel they're real strict go look at what people say about fanatics right now
that's why they're strict because people have been shitting on fanatics for like
three four years and they're the ones that have the right now.
So they shit on Nike, but it's not Nike.
Nike just kind of gives them the ability to do it.
It's Fanatics.
That's a really easy example to view.
Yeah, yeah.
So the NFL likes to give exclusive licenses and then take, like what we said,
ownership stakes in the company, and then they're basically double dipping, right? they're paying these massive contracts to the company to get whatever they're getting in
this case data from the company and then they're basically putting money back into their pockets
effectively because they have you know five to nine percent generally ownership stake in the
company you know they try to keep it below 10 so they don't have to disclose it but the thing is
is that like in genius's case the nfl is an option to exercise an additional tranche of warrants in 2028 prior to
the expiry of the 2029 contract at which juncture they will also have the right to extend the deal
again right so in 2028 if all goes well with the business genius executes well then the nfl will
not only exercise those additional warrants,
but the NFL will extend again, unlocking more warrants, which will effectively bring their
ownership stake above 10%. They won't be able to help it. So if there is another extension of the
deal, then that unlocks even more runway for them. And for now, in the meanwhile, you have this five
years of visibility where I think it's likely the sports betting industry will glow.
It's likely the data analytics industry in general will grow.
Basically, every angle that they're exposed to, I think, will grow.
And if they can benefit, if they can just ride the coattails of industry growth and just bump quarterly revenue from, you know, they did 171 million in Q4,
2024 that 144, I think in Q1 2025,
they can bump quarterly revenue to 200 million plus they can grow even a
margins. Again, they grew sick from six to 14% year over year.
If they can grow them again a year over year from let's say 14 to 20 plus
percent. Now you're talking about a real business and it certainly won't be a 2.5 billion
dollar business at that point if those numbers show up yeah it'll be a four or five billion
dollar business at that point and if they can hit 20 percent even of margins and uh 45 plus growth
in the sports betting data side of the business which is what the growth is at as of last quarter, combined with the total addressable market opportunity for their data analytics tools and for their live data tracking tools, like their visual data tracking tools that they use for next-gen sports.
Those are like unique products, you know, to the extent that they can out-compete bidders like Amazon, as Wolfie said, as a $2.5 billion company. They you know to the extent that they can out compete bidders like amazon as
wolfie said as a 2.5 billion dollar company they're unique to that extent and that gives them the
ability to you know execute even at a mediocre pace over the course of the next three years and
convince the nfl to exercise those warrants and then boom the nfl becomes a 10 plus shareholder
and they make a disclosure of that in 2028 or whatever.
And then everyone's like, oh, my God, the NFL owns 10% of this company.
You know, and then people figure it out.
Stock goes wherever from there.
But, yeah, I just think there's a lot of there's a good chance that over the next three years, the stock is materially higher.
That's basically the reason why I took the position and all the reasons I spelled out in this rant that I gave or why I think that's going to be the case. So I put my
money where my mouth is. We'll see what happens. Like I said, my maximum risk is that 200 day
moving average. If you want to be more conservative, you can use the 100 day moving average as your
point of risk. That's basically the way I'm playing it. If you want to be a boomer on a
technical side, use the 100 week. That's that's like, yeah, if you want to be a boomer on a technical side, use the 100 week.
Yeah, if you want to be a boomer, yeah. Yeah, I just want to be, because if you put it on a weekly just from a tech, again, I'm
going to say, I don't have a position.
Because I have a position in Status Pro, I'm tapped out in this industry.
So I'm not even talking about it from a point of like, I'm going to be long or short.
I'm just trying to help out here.
So if you just zoom out out it's in a channel it's basically ever since it held it's
200 week or it's 100 week excuse me uh it's october 23 it'll get sold if it breaks the 200
that's where it's getting sold off to that's where it's consolidated to so if you have a dislocation
you see it at its 100 week that's your make's your make or break just from a slow and steady trend.
Just want to throw that in there as well.
Adobe, by the way, has given back a lot of the move, and RH is squeezing.
Adobe gave strong forward guidance.
They raised their fiscal year guidance for the year, so interesting give back there.
Yeah, I actually took some shorts today today and RH was one of them I just
I had seen like 45 minutes before the close 1.2 million dollars in one like the weeklies the one
date expiration 177 50 puts you know this thing has a lot of short interest but I was like you
know I want to have some short exposure that
looks like an insane significant flow but those guys are absolutely cooked now um i this rh reacted
immediately it's like minus six minus seven percent and i momentarily got happy and then
it recovered and i was like, this might get bad.
And so I went to close it and I couldn't even close it at flat.
I closed it at like plus 3% and the stock is now plus 13, plus 14%.
So yeah, crazy one.
Logical, we didn't go for you for your full take, did we?
No, sir. I got cooked by Stock Talk. You didn't get for you for your full take did we no sir i got cooked by stock talk
you didn't get cooked by stock talk i'm sorry i'm sorry i'm sorry i'm sorry i'm sorry i'm sorry
sorry you kind of get the canadian in there a little bit there by the way
no you're good it was an interesting day in your world though logical we had a lot of there was
stuff around what was it pharma sales that was just like senators maybe talking about it which doesn't seem like it's gonna get anywhere and
there's some other stuff going on I know you've been talking about biotech and
obviously these other areas your take yeah like the pharma ad stuff I'm I
don't really think it's a big deal you know yeah maybe it'll generate less
sales but it'll also cost them less because awareness marketing is extremely expensive and very inefficient.
So I don't think it's a huge deal.
If anything, I'm happy that, you know, as a society, we go back to getting prescriptions from our doctors, not the TV.
So, yeah, that seems OK to me.
Yeah, that seems okay to me. Not really too concerned. Man, there was a company today that got an FDA approval after basically getting like a very split decision rejection a couple weeks ago called URGN. And man, I was looking at that today. I kept seeing the news hit. Oh, FDA approved this drug now, like after like weeks of kind of reconsidering it.
Not really too concerned.
And I was just watching the stock, like the news came out for like 30 minutes, 40 minutes.
And I'm like, why is this stock not reacting?
Am I missing something?
Like just yesterday, I had seen another biotech, NUVB, got an FDA approval ahead of time.
And that thing is actually down like 30% since the FDA approval.
So today when I see the URGN is not reacting to the FDA news, in my head I'm like, is this
going to be another NUVB?
Like, am I missing something?
And clearly, freaking 30 minutes later, this thing is up 50% intraday.
So I probably should have taken a flyer because the NUVB situation was they have like data
from Chinese clinical trials, whereas, you
know, URGN has none of that.
So I probably should have had more conviction and taken a trade there.
But alas, I did not.
So that's life.
But what is really interesting is that, you know, in the last few days, we've had two
FDA approvals.
I think that that's going to continue to be a trend.
So we may just go from, you know from extremely oversold, horrible, negative sentiment to we're going
to start seeing FDA approvals left and right.
We had the cell and gene therapy round table last week.
They're talking about they want to get as many rare disease treatments out as efficiently
and effectively as possible.
So that kind of commentary is going to definitely change the sentiment
around investing in these things,
because these things are down 70% in the last six months.
So, and they're down 90% since there are peaks four years ago
when we had the stupidity of February, 2021,
when obviously all biotechs can just cure every disease.
The fact of the matter is that these valuations
are down 90%, but the clinical trials
and the commercial launches have progressed four years.
And now, you know, basically the last six months of sell-offs are leading to 70% declines
in some of these really great high quality assets have been driven by, you know, negative
sentiment around all these different appointees.
And now these appointees are coming out saying, no, no, no, we're going to, we're going to
go ahead and approve more.
And they're actually doing that.
So, you know, I think it's just a matter of time for the pendulum to swing the other direction and
i bet you could see a violent squeeze because the biotech sector has been one of the most shorted
in the market so positioning is definitely very light and if anything to the downside so that'll
be interesting uh i'm gonna get a little bit ahead of this uh what i'm about to say next
a couple things i did today look the market the market was green today and it actually squeezed towards the end of the day and closed
at the highs, which is totally fine.
But, you know, my portfolio was actually down 2.53% by the end of the day.
So, you know, there's a bit of a divergence there.
And, yeah, I think maybe, you know, it's just one day.
I might have actually, you know, my portfolio actually faded towards the end of yesterday as well.
I'm wondering if, you know, in a lot of cases we start to see breadth, like individual stocks lead the indices one way or another.
I'm not getting overly bearish or anything.
Like, but when, you know, like some stocks like fall before the indices follow
and then some stocks lead while the indices catch up, you know, that kind of happens all
the time. So I wouldn't be shocked to see some sort of pullback after a huge rally.
And, you know, I'm not calling for anything nefarious.
I'm just wondering if, you know, the kind of the kind of price action that I'm seeing
individual names because, you know, I study these charts every single day.
I'm wondering if, you know, there's obviously going to be pockets of strength like
Stock Talk mentioned today, Gene, Genie.
And there's like, you know, I still have, you know, a handful of stocks that were green
today.
That's all fine.
But I would say the overwhelming majority of the stocks in my portfolio were actually
red today.
So, yeah, I'm wondering if, you know if the indices are going to follow that after the fact. So today, and maybe like there needs to be a little bit more sell offs in individual
names before the indices can kind of roll over a bit.
So today I just took a precaution to lower some of my long exposure.
That said, I mean, dude, I'm still
greater than 100% long. Like when I'd say I'm lowering my long exposure, like I'm going from
like 150% long to like 115% long. So I, you know, I took off like 30% or so exposure just to make
myself from overly aggressive to more tame. So that gives me a little bit of breathing room and less stressed.
I do have an honest question of how do you sleep at night?
Very well, to be honest.
I'm stressed out on my one small trade that don't even mean anything to me.
Yeah.
You know, the thing is, so here's how I see it,
is I would say at least 80% of my allocation is in long-term investment holdings that I'm not really too concerned about through red days or anything like that.
But the other 30, 40, 50% that I add on top are kind of trading positions.
Right now, though, I really do like the trading positions.
And if anything, and there's a lot of market situations where my trades
end up outperforming my, uh, in long-term investments. So for the time being, like today,
when I was thinking like, okay, what do I want to cut? Do I want to cut any names? I literally went
through every single chart I own. And I said, I don't know. These, these still look good to me.
Like, I don't want to sell any of these names. I think these trades look good. These long-term
investments look good. Um, so I just didn't indiscriminate like 20% trim across the board.
So yeah, that's how I decided to lower exposure today.
Yeah, I mean, how do I sleep at night?
It's not a big deal.
I think that once you do it more often, you get more comfortable with it.
But again, like, yeah, it sounds crazy.
I think if you're not necessarily used to it,
but I'm the kind of guy that can, you know, in a blink, lower my exposure very quickly.
And I'm not really too concerned about it.
So that's essentially what I do is I just, you know,
I can put on a shit ton of exposure
and then I feel like we get shaky.
I'll take a bunch of it off.
And then if I feel that we find footing
or we bounce off a nice support and push higher,
then I'll put that exposure back on.
I'm very fluid with my long exposure. I'm going to say something that probably people will
comment and curse me out. I shorted a few popular names today.
By the way, RH completely reversed and ripped up 15, 16%.
Yeah, yeah.
And Adobe went red. Yeah, yeah. And Adobe went red.
Yeah, yeah.
They just switched places.
Well, you know, the funny thing is today I saw two earnings trades
that were really big on both of these names.
One of them was the 420 calls sold the 485s for July on Adobe.
As soon as it was up 6%, I'm like, wow, those were in the money.
That guy killed it.
And that reverses.
And then the other big trade I saw was the ROH,
the RH 177.50 puts.
And as soon as like they reported,
it was down 7%.
I'm like, wow, those guys hit too.
And now both of those reverse.
This is why it's really tough
when you're in these situations
to not celebrate before you can close out the trade.
And it happened very quickly, some of those reversals.
I wonder if, you know, those guys who own big options are like hedging in after hours.
So like, I don't know if they have enough volume and after hours to be able to hedge
that, that number of shares, uh, and illiquid names like RH, for example, like, you know,
if you had those puts and the stock goes to like one 65, you can just buy a ton of shares
and then you can kind of synthetically close the option.
Anyways, going back to what I was saying a little earlier, I took a few shorts
today, I shorted Cloudflare net.
And I think that will potentially work especially well with the news that just
hit, I was already feeling like shorting it yesterday when, okay, for net and
Oclo, both of them had the offering yesterday.
I think that was a pretty clear sign that they feel that their stock is
overvalued. Obviously that's not always the case where like that marks a top or
something like that, because Nvidia was selling shares at like 200, $300 a share
pre-split.
People would have argued, oh, look, that's the top.
But then it went at the 5X from there, right?
But what I would say is that like net is extremely overvalued.
Oklo is, I mean, it's not even overvalued.
It's just simply probably a bubble because there's no fundamentals.
because there's no fundamentals.
So there's really nothing to say there about valuation.
So there's really nothing to say there about valuation.
So yeah, I mean, I took,
so I had taken Oklo and NetShort and IonQ short.
I took those three.
So I'm about to get cursed out of the comments for sure.
And, you know, the three of them,
so IonQ, I kept the short.
In the morning, I woke up
and I was looking at the charts on Net and Oklo.
I was like, wow, after that offering,
these things are really strong
Oh, and they're not selling off at least so they're being resilient. I covered those shorts
um, and then as I look through the day and I looked at all close and I looked at
Net obviously when the net news hit I
Wanted to get back into that short and if you look today, we closed pretty heavy
on that chart. So if you pull up net, it closed below the nine EMA, very high volume, red
day, a little bit more red and after hours. I mean, look, there's still other moving averages
below. But my thought is, you know, if the market does roll over and we do get some sort
of pullback in some of these names, you know, when the market pulls back 5%, a lot of these
names can pull back 25, 30%.
That would be totally normal
because these things are up, you know,
two, three X from like the lows
just a couple of months ago, right?
So it's pretty nuts.
Like, yeah, what is net up?
Net basically doubled in the last, you know, two months.
So could it get a 25% pullback?
Why not, right?
It's extremely expensive.
Oclo, I mean, that thing's been on a crazy run.
You kind of see, I mean, go look at the chart today, right? Like it tried to make a new high right it's extremely expensive Oclo and that thing's been on a crazy run you kind
of see I mean go look at the chart today right like it tried to make a new high
and they sold the crap out of that thing the wick on the top of the candles you
know pretty harsh so basically not rejected and yeah so I mean who knows
right like it's still an extremely strong chart don't get me wrong I'll be
quick to cut exposure but you know in these scenarios where I feel like
something is overextended and they're losing steam, like the quantum names
are definitely losing steam. If you look up the IonQ chart, that thing also got rejected
very hard today. Actually, it kind of recovered.
Some interesting news.
Oh, never mind.
Some not really news for some of the quantum stuff.
What was the news that you're referring to?
It wasn't the news. It was the selling from quantum beverage. Basically, the news that you're referring to it wasn't the news it was the
selling from quantum beverage basically the i don't know if it's a ceo but chief executive
from there basically just liquidated all those shares i will say the jensen huang talking
positive about your industry even if he did say it was 30 years before it's kind of to be a solid
thing and that's it come out this morning so um yes but you know i'm just paying attention to the chart if you look at ionq
the last three days like today yesterday the day before go look at the wicks on those red candles
um you know it opened and then it closed lower like it tried to rip higher they sold it off and
it closed lower uh and you know it was kind of holding the 9 ema but today it rejected pretty
hard uh above it and it closed well below it. Now it's sitting right at
the 21 EMA. So, you know, maybe this is it. I think it's a very simple trade. If it closes
above the 90 EMA, you can close out the short. But in the meantime, again, like I wanted to get my
long exposure down. So I just figured I'd add in a little bit of shorts of things that I think
could pull back maybe the hardest because they went up the hardest. And, you know, maybe there's less buyers up here at
these prices, right? Like, I'll close at 65. It's not really it. It's not like the same buy. It was
at 25. Right. So anyways, yeah, so I added some shorts, I lowered my lungs. I am still greater than 110% long.
I am still monitoring that every day.
And that's about it.
I mean, no other real standouts, no news today.
That's it.
I appreciate you logical.
Wolfie, you got your hand up?
Yeah, I'm just going to piggyback on something he said.
So he's talking about how the indexes are bringing,
but he saw that his thing was down.
And then that's probably the case across the board.
Sometimes it's red and you see your thing up.
That's dispersion, right?
So right now we're having dispersion in the market.
It's where things are moving, you know, idiosyncratically from one another.
So in the past, we'd have like Mag7 all move together.
Now you have like some days where you have Microsoft Google up, for example, hypothetically, Microsoft Amazon up,
hypothetically, and then like NVIDIA down and Apple down. Sometimes you have Apple up and
Microsoft down. There's no clear directional thing across the board. It's just an example I'm giving.
That's the first part of what he said. The second thing he was talking about, NET, we obviously went over, not only does NET
have the offering that he talked about, but there was the downside in the overall market,
which kind of caused it.
So I just wanted to kind of piggyback off of that and just kind of show the example
for what that term
actually means what it's just described oh i saw the text uh wolfie i definitely appreciate those
thoughts there uh sam i know you come to me hey lost 50 bucks. I would be so mad at you.
Oh, yeah, I literally, I told you I'm going to talk about it.
This will be an interesting one to watch.
I appreciate the loss there, Wolfie and Logical.
Sam, I know you had your hand up before.
I don't know if we ended up going to you on that one.
And then just in general, how your day was today with some of the stories,
stuff that was kept in your eye.
No, I mean, I was actually going to of the story stuff that was coming to your eye no i mean i was actually gonna mention the adobe earnings uh i didn't want to interrupt the talk before but you already you
already hit that one but uh i agree with logical i mean a lot of the high beta stocks that have
been pretty much leading the charge after uh after the strength has been rotated out of the mag 7
into uh much more speculative risk assets uh that's starting to see a little bit of weakness here.
Something I've been noticing lately also,
well, I mean, Shai actually commented,
he messaged me about it,
and I also noticed it too yesterday.
Cloudflare offered a,
I think it was a $1.2 billion stock offering
at these prices especially.
They don't need the money.
I don't think they will ever need the money.
I think they have a plethora of investors
to buy their stock every single day
because it's high in demand,
but also even investors on the other side of that.
Seems kind of interesting.
They're doing that at these valuations.
I mean, not really interesting,
but it kind of does say something like
they probably think their stock was overvalued.
I mean, it's been overvalued quite some time.
That's what you paid a few million years.
Or they thought that their whole server
was going to go down the next day and
they'd have to pay out a $20 gift.
you never know that.
But also the other day,
Rubric had an offering as well.
And it was down like about six,
And Rubric does not need the money for sure.
They don't,
they have backing from Microsoft and multiple private ventures as well.
So it kind of really says
something as far as the valuation goes that these companies and board of directors are seeing an
opportunity to do a little bit of dilution and capitalizing off of the valuation and multiples
on their stocks. And I mean, not really the place that I would buy a lot of these companies.
Myself, there is some opportunity I said yesterday in the market, but it's not really
anything that I would take a stab at in terms of high beta and tech uh so when you kind of do
see that rotation out of performance i it's it's just it's so hard to say they're going to see a
massive pullback if anything um but if we do there would have to be some sort of catalyst the market
doesn't see or some sort of uncertainty or it could just happen on a technical level and
then you'll see some narrative get pinned to it that will be the reason quote unquote the reason
why it did uh but these dips are relentlessly getting bought i mean yesterday uh nq was down
good amount as well as futures uh based that why i don't want to say it's based off of but it seemed
like it was based off of the escalation of the conflict in the middle east with iran israel and
then that it basically got bought up after the pPI report came out a little bit cooler than expected.
That's probably going to continue picking up as far as news not being as bad or as far as the markets are shrugging off bad news.
But yeah, I mean, there's going to be a point where things kind of things got to kind of cool off a little bit.
The only thing that I would just be a little bit cautious with is just outright
liquidating the portfolio, trying to time stuff and just outright trying to short the market
while being very heavily shorted the market per se. I mean, in a time like this, it's much harder
to predict tops than it is to predict the start of a bull market, which is a lot of what long-term
investors have said. But at the same time, to be a little
bit cautious, I mean, by all means, it's very difficult to see the near-term upside that a lot
of these high beta stocks, given that everything is already out there. But it can just stay a lot
more irrational than we can remain solvent. And I'll continue to stay invested. That's always
going to be the case. At the same time, it's like, I'll just let the cash just pile up in the meantime, probably take more than less,
sorry, less stabs at short-term plays. In fact, my short-term portfolio has not been as active
as it had been a couple of weeks ago because the opportunity is not just there. And I'm finding
myself getting stopped at in some short-term positions as well. But of course, a long-term position still holds, just waiting for some opportunity.
I would like to see a comeback of a test of some major moving averages on the indices.
But at the same time, certain high beta stocks continue to make new highs.
Netflix didn't make a new high today, but that thing is up and to the right.
Microsoft, I don't think they made a new high today, but that thing is up and to the right.
After Oracle's earnings yesterday, I was just thrown back by those earnings I did not expect them to come out those numbers and I don't think the market did
and seeing that knee-jerk four percent down after hours get totally bought up 13 percent today I
think at its highs it was over 200 I don't think this story is stopping anytime soon it would be
very difficult to call the tops in these things.
It's probably a lot easier to call the bottom on it or the start of something new versus calling the top on these things.
And even besides Oracle, other data infrastructure plays also caught a bidding today.
Marvell technology was almost over 70 bucks a day, up 2%.
On semiconductor, over 2%.
AMD was pretty green on the day and got pulled back.
That thing was a roller coaster all day. But I mean, at the end of the day, it's very hard to
not follow the trend until you see the trend break. I got to see the trend break in order to
start taking some serious short positions here. But until I see that trend break, it's very difficult
to take short exposure on something. I'm looking, whenever I do shorts,
I don't short the stock.
I mostly just buy puts.
And a lot of the high beta stuff has crazy premium right now.
I was actually looking to buy puts on,
put credit spread, put debit spreads
on Quantum Beverage Day.
They were just so expensive.
Even if I did get an outlandish move,
I would not be able to capitalize off enough to take on the amount of risk that I'd be putting on for doing
it. So, you know, just letting things play out for a little bit to the upside. I mean, patience is
always, sorry, cash is still a position in my opinion. So continue to take a look at that.
ASTS or AST Space Mobile, we've been long that one since 25 26 uh added a little bit added some leverage
to the position in terms of uh selling put credit spreads when it was around the 23 24 uh spot
i actually sold in the money uh put credit spreads and basically realized about 95 of those profits
so those are some good moves but i mean it's been up one, two, three, four, five, six, seven, eight, nine, ten days in a row.
And these are not small candles.
These are big green candles starting to see a little bit of slowdown momentum over here.
But I mean, the narrative on this story can run pretty hard, especially, you know, you would think that Rocket Lab would catch a little bit of a bidding.
But, you know, people who do their research know that ASTS is not a competitor to Rock Lab.
Rock Lab is more logistics of space, sending payloads into outer space.
ASTS does not launch their own rockets.
They utilize other launch platforms like SpaceX, Blue Origin, the Indian Space Launch
Platform as well to launch their small satellites into outer space.
as well to launch their small satellites into outer space.
And they are, I think they want to reach about 65 to 75 satellites
to be able to have whole world coverage by 2026.
And then they can start, because they have multiple partnerships
with mobile network operators, like not small ones, like big ones,
like Verizon, AT&T, as well as Vodafone.
And they don't have, it is pre-revenue per se,
but this isn't like speculative revenue.
These are revenues that I actually,
they actually have contracts with.
And again, but that being said, I'm not buying here.
I was buying in the mid twenties.
Buying here is, well, you better have a long-term view
on this one and be able to deal with volatility
because this could be back in the twenties again.
So I would not advocate to buy here.
But again, you know, not financial advice. For me, I like to build my position early,
and then just let it ride after that. Same thing with Nebius in the 20s. Like I'm not buying Nebius
over here, that's for sure. But that's not to say that it can run. So you know, market can stay
rational longer than we can remain solvent. So you're going to continue to watch the game,
watch the tape, see what's happening. The news from him's regarding the pharmaceutical stuff that you guys were talking
about that before. Let's be honest, they're not going to ban that. They will continue to be
commercials about pharmaceutical products on TV and other media outlets. That's never going to end
because a lot of people make money off it, especially the big, big money makes money off
it. So that's not going to end. And the government will continue to allow certain things, which the people can capitalize off of.
Not political content, guys.
I don't really care about the political stance, to be honest.
I just want the stock market to go up.
That's really my feat.
So, yeah, I mean, that's really all I can comment on the market today.
Sam, real quick, just to follow up on your, you know, the don't want to market kids stay more rational.
Two things. One, you have summer. Summer is generally slower.
So you have summer dull drums, which is like don't short a dull tape is the old expression.
Second thing is generally to have exogenous moves, you need to have positioning be set up and, you know, either one way to one extreme or the other way to the other extreme.
And from a positioning standpoint, we're not on either of the extremes.
We're kind of like in this pain trade moment where we got, you know, really extreme to the bearish side.
you know, really extreme to the bearish side. Now, if you think that you're going to have a
dislocation without the bearish positioning, you're basically betting on something happening,
something exogenous. So whether you believe that like you're going to have a credit crisis here in
the next couple of weeks, or you're going to have a Middle East attack, something has to happen in
order to kind of ignite it. And so if you don't think that something crazy, like if you think
there's something crazy, like the you think there's something crazy,
like the Fed hiking, which would catch everybody offsides, because people are talking about a rate
cut, not a rate hike. If you thought something like that was going to happen, it would definitely
catch people offsides. And then you'd have to see repositioning on the back of that. But if you don't
get anything like that, you get through the Fed, then you just kind of kick the can to the next,
you know, OPEX for lack of a better benchmark.
So, yeah.
So outside of positioning getting too wonky,
you're probably going to see either some back and forth,
some consolidation or some pain trade higher
where you just kind of, you know, bleed higher.
lead higher. And then the inverse of that happens when you get like, you know, sell-offs that go
And then the inverse of that happens when you get like, you know,
from five to 10% without the VIX really spiking. And so that bleeds out the other way and kind of
causes positioning to kind of go the other way. So I just wanted to throw that in there because
that point is pretty valid for the spot we're in right now. Got aggressive to the upside, but
now it's not it's not like
they're levered long right there's still you know oh yeah you're actually mentioning uh well there's
two things there's one that you mentioned a while ago i forget which day it was but you were talking
about are there certain days where the vix is up while the market is up as well i mean vix is up
4.4 today in the 18 handle again which i didn't see coming and the market's up as well. I mean, VIX is up 4.4% today in the 18 handle again,
which I didn't see coming, and the market's up as well.
So those are some notable things to recognize in terms of market imbalance. But also, like you mentioned, next week is quad witching.
June 20 is quad witching.
And quad witching, in case people don't know,
it happens four times a year with quadruple witching
with four major contracts.
That is the stock segment of futures, stocks index options, stock options, and single stock future options.
They all expire at the same time.
And generally, this is just generally, it's not saying it's going to happen.
It leads to increased trading volume of potential market volatility.
So, you know, that's usually when the big moves happen,
if they do happen on a probability basis, but there's no guarantee that's going to happen.
We've seen fairly muted ones. I believe we've seen fairly muted ones on the last couple of
Junes. So we'll see what happens next week as well. But yeah, I'm not trying to bet on that
side for any direction for that to happen. I mean,
you know, VIX is at 18. So premiums got a little bit expensive from the option side. However,
I think the skew is the call option side. So so puts are generally cheaper than calls right now,
per se. But at the same time, let me actually see what the put call ratio is. What's the particular
call ratio? Anyways, i think that's starting to
take up a little bit last time i looked at that chart uh which means that uh more people are
buying puts relative to calls um in the last few days uh probably just put on a little bit of
protection uh but that doesn't mean that something's going to happen right so you can see all of these
flows come in but it doesn't mean that something's going to happen but if you want to stand aside
of probability and you want some short exposure,
you want to reduce long exposure, like what Logical was saying,
that might be something sound to do more on the shorter term side.
For the longer term side, I mean, this is just noise.
There's really nothing else to do.
Yeah, so just real quick on the VIX being green.
Basically, I use that as a benchmark for me wanting to lighten up.
That's just from a trading sentiment. It's like when things get, you know, they wanting to lighten up. That's just from a trading sentiment.
It's like when things get, you know, they get to a point where even when you're up,
people are seeing some risks around the corner, possibly.
I lightened up all of my short-term stuff.
I mentioned it yesterday.
I mentioned it again today.
I lightened up.
I'm out.
All of the short-term stuff, everything that I took for a short-term basis,
Tempest, ASTS, Lemonade, you know, Unity, everything. Everything that I mentioned in the last couple of weeks, I'm out on a short-term basis, Tempest, ASTS, Lemonade, you know, Unit, everything.
Everything that I mentioned in the last couple weeks, I'm out on a short-term basis.
It's just from trading, not investing, just trading.
And, you know, why is the VIX up when the market's up?
Take your pick.
I don't know.
Nobody has an exact answer for why that's the case.
It's just a sentiment gauge.
So for me, that's that.
And then the second part about what you said, the VIX. In pre-Trump, we would get the VIX down to
11, 12. That was genuinely the floor from 2021 to 2024. You'd get down to 11 or 12 bucks.
you know, 2021 to 2024, you'd get down to 11 or 12 bucks. I would say for me, like now you have
to start to think like in a Trump world, what is the VIX floor, right? What is the new 12? For me,
new 12 sits somewhere around 15 to 17. That's me. When things tick down to about 15 on the VIX
or tick down to 17 on the VIX, If we're coming off of a high base,
that's where I start to like tap the brakes on being like overly bulled up
just from a trading perspective, get down to like 15.
That's where I view it as like the previous 12, right?
So in a Biden era, get down to 12, that's where things get a little,
you know, too, you a little too passive.
And for me, 15 is that level for Trump.
That's just my perspective.
You could combat it, disagree, agree.
That's what makes markets.
But that's just where I like to start.
Well, you haven't gotten down to that point yet?
I haven't looked at what we were at, 15.
Okay.
Basically, yesterday got to 16.23 on the lows on on the vix that's just about that 15 level right
so that's to me in a trump world because like if you just think about it just take markets out of
it think about it whether whatever you think of trump tells you doesn't like to look at the stock
mark doesn't care he does when it gets you know too aggressive and and the polling starts to look
a certain way that's when trump eases off his posturing, all that stuff in his administration eases off.
When markets start to look good and the VIX gets really quiet, that's generally where they start to swing, take their shots on some of this more progressive stuff, catalyst stuff that they take.
Whether it be Liberation Day, whether it be liberation day, whether it be,
you know, something else, that's usually where they, you start to see the headlines.
Okay. We got a little bit of ammo for us to take a shot. We'll take a shot. Then things go the other
way and they get too aggressive and then they go, Oh, you know what? Let's back off. That's kind of,
that's kind of how it is. Right. So using that as your, as your benchmark, that's where you kind of
want to like start to, to figure out where the tail risk is in either direction.
And that's kind of why I say 15 is from either floor.
Oh, I don't know if anyone mentioned this either.
Sorry to change this topic, but there's no options team for Alibaba, which I found pretty interesting.
Some pointed that out earlier.
Jason Paper Games pointed out earlier.
Wait, what?
That is really weird.
I've traded options before on Baba.
No, today.
What?
Yeah, the whole options chain disappeared today.
We were asking about it on R-Space.
There was one or two people that said they had maybe a special dividend or something that was happening.
And they were seeing an option of baba one and baba two you could sell out of your position but you couldn't open new positions um and we checked that across robin hood weevil and
and tos which tells you what wolfie was saying before it's a data provider thing, and it's probably from the CME. Or CBOE, I don't know which one's which.
Yeah, it could be the others.
You can figure it out in the next couple days if, like, maybe it got roped into that Cloudflare outage.
I don't know.
But on my end, they were at least showing.
On my end, they were at least showing, just for what it's worth, on Schwab and TOS but I don't know I haven't tried to trade or anything like that which
exchanges options again and which exchanges like commodities and futures
CBOE is options commodities and futures is CME that's what the Nasdaq also does
reroutes and things like that I still shout out shout out. Yeah, Ice is the other one.
We got Monitive up here,
haven't heard from you at all, Monitive.
How you doing today, sir?
Those Adobe earnings came out,
I'm sure you were looking at them.
Also, you were the one who brought up
the Oracle numbers doing great yesterday.
That stock absolutely ripped today.
New all time highs, over $500 billion market cap.
Monitive, what's catching your eye today?
Well, let's start with Oracle, right?
I mean, I was posting in StarTalk's Discord.
The management commentary is the most bullish I've seen in a long time from anyone, right?
A few quarters, there's never been anything this wildly bullish from the management.
And that's for Oracle? Is that for Oracle earnings rate? Yeah back for you know yeah yeah yeah that's article i just i that's what i was gushing literally i was like i i had
my job fall off yesterday reading that right as i was reading to you guys it's just insane how
much they think they're going to grow in the next year or two years. And obviously, the
the stocks reaction showed that today. Adobe, I have a completely different take and I posted
that in Discord as I finished taking a quick pass at it. I mean, look,
taking a quick pass at it. I mean, look, double beat, but not anything hyper bullish in the
numbers. Mixed guidance, inline revenue, slightly better EPS guidance. Again, nothing spectacular.
Look at their numbers, 11% revenue growth, 13% 13% earnings growth again we're talking about a
company that's probably you know matured from you know it's high growth of the decade right
they've been delivering 20 30 40% growth over the last decade and obviously they were valued it
you know twice or thrice as much as you know the S&P
valuation all that period and now you know in the last few quarters they're down to just a small
premium over over S&P and that's I think where you're going to see them most of the time.
The way I play the way I see Adobe is it's probably got a better downside protection and not a huge upside jump
in it beyond the market performance. I mean, right, the delta, you know, it's probably
going to be a monster. Adobe is one of those ones when people talk about generative AI coming and
steal stuff, Adobe feels like ones they point to pretty quickly. Yeah i i don't see it yet right so so so look the the the
the story was and and and i the the place i worked the longest in the valley so i worked there almost
nine years the the that was when you know i was actually one of those running the program to transition from you know uh from uh perpetual license to
subscription business right so that transition was you know where that transition obviously
decreased revenues for a couple of years and things look pretty dire but that was what the
management had fully expected and And the reversal from that,
that was the hyper growth period in Adobe
when they went beyond the revenue replacement
that they lost from not selling perpetual anymore.
And then being able to sell subscriptions
far wider beyond their normal clientele.
So anybody who was mildly interested in messing with a photo was suddenly subscribing to Adobe
and they didn't quite cancel in numbers that they were expected to.
So that story played out for better part of a decade. And I think that's
completely played out. Where I think AI is making a difference to them is that without AI or AI
enriched feature set, they would probably see a larger cohort of cancellations on a, you know, on their subscription.
So they're able to keep their subscribers by giving them more for not any more money,
but rather just, you know, instead of discounting, this is, this is another way they're able
to retain their subscribers.
So, so that's how I see it.
I, I see it more as a maturing company that's going to do just fine.
But the days of them getting subscriber numbers,
20, 30% over expectations or beating by 30, 40, 50%,
I think they're well past, well behind them.
So it's a mature company.
It's a good company to hold in your portfolio, but it's nothing spectacular.
Monson, was there anything else catching your eye today?
There was this AMD conference that was going on today.
Most people talking about it, like there wasn't that much interest.
They didn't really enjoy a lot of the stuff out of it.
That's a strong word.
The expectations are high.
They don't know if they'd close the window with NVIDIA.
I was curious in your take on that AMD event today.
They announced some new features.
They were comparing to the current generation of NVIDIA chips,
which are now like six, nine months old.
But that's better than they were last time.
Last time, they were a full generation behind,
and now they're like three-quarters of a generation behind.
Progress, question mark? Well, You have to remember, right? This is what they are trying to tell you. It doesn't mean that they're shipping those, you know, the current
generation in full quantities or their yields are high. None of those things. We don't know that,
right? We know that blackwell took a lot
longer than than was ideal which is why you know you saw that big dip in nvidia so it's going to
take some time i still think nvidia is you know at least a generation ahead if not more
and again i'll wait for somebody like uh you know dylan somebody like Dylan to write more about it.
But generally looking, it is not.
The delta that we saw between the performance of Hopper to Blackwell, the performance gains,
we're not seeing that same level of gain in nvidia and and that's not
surprised and again i think the better story for them is is is the fact that you know the
saudis announced that they're going to create a you know an nvidia cluster sorry an amd cluster
i think if that that really holds true it could be something but to me the the unsaid part of that story is
for a for a country that's really not cost sensitive if they are willingly going to
cisco and nvidia cisco and amd my guess is that they are so far behind in the wait list for NVIDIA
that they don't want to hold off that long.
So to me, that story was a bullish NVIDIA story,
reading between the lines that NVIDIA is well sold out for Blackwell
for the needs of some of these sovereign data centers.
So again, nothing wrong with AMD, but it is just a distant
number two. Valuation-wise, not terrible. Again, it's come down from, you know, the heights of
crazy valuation, sort of like an Adobe story. I think they are going to have a market. They are
probably going to, you know to slowly lose that market share
nothing rapid
but they are not really gaining ground
on Nvidia as of
yet there is nothing to me that
shows that they are gaining ground
yeah it is a good number
too but it is a distant number too I appreciate the thoughts there, Monitiv.
I did see Frank join us up here.
Frank, how are you doing today?
I don't know how much of the space has you caught.
We're kind of toward the end of it,
but I'm curious if you have any thoughts
on the conversation we're having here,
this type of day in the market.
I know you're a trader, and it was a very choppy market not a fun one i'm sure to be trading but curious your takes and how you're feeling about this market frank appreciate
you being here i i think you got to take quick shots and be quick i i bought some puts at 330
in spx or 315 you know i made a quick like 40%. But if I didn't get out, I would have been stuck. And then
I was long 30 MNQ at the end of the day, and I'm selling them. And my Ninja Trader went down,
and I know I was long at least four, three to five. And, you know, it went down and I can't get on my phone.
So I may have a position.
I may not have a position.
They don't answer.
And yeah, so some crazy stuff's happening for sure around the world.
And, you know, I'm in real estate here in New Jersey and I'm a broker.
And I got like four phone calls today of deals that are supposed to close tomorrow
that aren't closing. One couple didn't pay their mortgage for two months. They did a quick check.
They didn't pay their mortgage. They're not closing. I had it. I myself had a deal that was
killed. A buyer fell down and he paid money to get out of the deal $5,000 because he just changed his
mind. He didn't like what's going on. And then I got calls from a couple other people that I know
and agents that I have that are like losing their minds today because they have deals they've been
working on for like three months. So is this a coincidence? I mean, stuff like this happens, but like, this is crazy. And so I have a meeting with like two other brokers tonight and we're going to like feel out like what's going on and what they're seeing and they're going to reach out to their, it's probably like 800 agents. We're going to figure it out. I got to run guys.
We're going to figure it out.
I got to run, guys.
Business calls, Frank.
Appreciate you.
Appreciate everyone on this panel, by the way.
I will say.
I know I dropped out randomly.
My phone died before I was going to walk Leo.
So I just left it to charge.
But guess what I saw on my walk, Sam?
You saw an ad for genius sports
i saw an av ride delivery robot in downtown dallas
yep it was just driving around by itself i was like is that the av ride on it and i wish i had
my phone because i would have taken a picture to post it but um i didn't have my phone but yeah it
was just driving down the street like i was
walking leo and then like i heard something behind me and it was like on the sidewalk with me
i just moved out of the way they just drove past me autonomously it's pretty sad it didn't stop by
to say hi or anything that's best but i mean it was just cool you know as a nebbius shareholder
to see that oh speaking of nebbius uh i sent you the thing. Jensen Huang, you went to the Nebius booth at the Paris GTC event.
You got some good pictures with him.
What did Nebius do today?
Yeah, I mean, they're doing well.
You should have tweeted that, by the way.
I think with that company, obviously, we got a great entry on it.
And we're already up 100% on shares.
That doesn't usually happen in a month's time.
But for me, I was planning on making it a core position anyway, even if that move doesn't usually happen in a month's time but you know for me i i was planning
on making a core position anyway even if that move didn't happen but i still think the thing
that's left to be discovered about the story is people just don't realize the optionality they
have with their investments right like they don't have the option realize the optionality they have
with their ai day that business to loca they don't realize the optionality they have with click house
you know they don't realize the optionality they have with avHouse. You know, they don't realize the optionality they have with AVRide. Like these are all potentially multi-billion dollar businesses. They won't all work out,
but they're all on the cutting edge exactly where you want to be. And then on top of that, you know,
they have the most globally well-distributed, best, well, the best distributed global portfolio
of data centers. Wow. That was hard to get out of my mouth in terms of their global reach and
they're expanding their reach in the United States.
So it was just cool.
It was just cool when you,
you know,
you recently invested in a company and then you see their products,
like futuristic products,
just operating on the streets of Dallas.
Like it was literally in my like neighborhood and down,
down Dallas,
just driving down the street.
I was like,
that's fucking awesome.
But yeah,
it doesn't have anything to do with Genius,
which I spent all day talking about today,
but I do own Nebius too, so I thought it was cool.
I thought you'd think that was cool, Sam.
Always.
I've seen a lot of those robots.
I haven't seen any in New York, but I saw them in Miami.
They're interesting.
They don't seem like the best move, but we'll let it go.
Were there any other stories today that were interesting?
We had this Tesla virtual power plant thing expanding in Japan.
AMD had a lot of events today.
Coinbase launching perpetual futures.
I know people were gravitating toward that one a little bit bit coinbase was actually one of the worst performers in the
s p 500 today not robin hood though shout out um oracle uh also had a great day that stock
um yeah but but i think we're at a good place on the spaces were there were there any other
topics that we didn't talk about today
that anyone wanted to make sure we touched here?
Not for me, no.
I mean, I touched on Genius, which is what I want to talk about.
Like I talked about, that's in the pinned tweet.
If you guys want to go read what I wrote about Genius today,
I explained why I took the position.
I wrote a longer tweet in the morning,
and then I wrote a little quote tweet
about the NFL stake later on.
But, you know, do your own DD.
Look into it.
Like I said, I think it's an interesting opportunity.
If you didn't listen to the start of the spaces or you tuned in later,
whatever, I explained my investment in genius sports at the start of the space,
why I invested in it, and what I think could potentially happen.
So do your own research as always risks are your own, you know,
mid caps are risky.
They're riskier than large caps.
Always know that they're more volatile too, but I do think it's interesting.
So yeah, that's pretty much it for me, but we'll see you guys next week on Monday.
I appreciate you guys.
I hope everyone has a fantastic time.
We're going to be live back again.
Wait,
nope,
it's Thursday.
We're going to be live again on Monday.
Next week should be interesting,
by the way.
Like we were talking about earlier,
the market will be closed on Thursday,
next Thursday for Juneteenth.
We are going to be having then on Friday,
will be OPEX.
That's probably going to be a horrible day to be trading.
Tomorrow,
we do have Michigan Consumer Sentiment
coming out at 10 a.m. Eastern.
For you traders, that probably should be one
that will move you guys a little bit.
I'm actually intrigued to see how that one goes.
Besides that, I don't have too many known events
coming up tomorrow.
We'll kind of just wait for next week.
Like I said, if anyone has any final words
they want to get in there, feel free.
If you guys aren't already following all the speakers up here, you are missing out.
They will improve your experience on this app every single Monday through Thursday, 3 to 5 p.m. Eastern.
At least we're live on this host.
So if you enjoy live free conversations, come follow the host of the spaces.
The one I'm talking from right now.
And yeah, we appreciate you all.
Hope you guys will come catch us back here on Monday.
Be a little bit of a shortened week next week, but we'll still be here for it. We appreciate you all. I hope you guys will come catch us back here on Monday. It'll be a little bit of a shortened week next week, but
we'll still be here for it. We appreciate you all.
If anyone has any final words, anything they want to get
in there, whatever you guys say now
will be the last word said on this basis.
Alright, I'll take it. Go to that
Evan page, click the pinned
post, and subscribe to the free newsletter.
Have a great one, everyone.
I gave you guys an opportunity there.
Follow the speakers.
Goodbye.
