morning and how's it going give you a second there yeah sorry my mic was off
as usual need some more coffee I'm fine how are you doing doing good ready for
spy to crack through 500 aren't you I know I know this is I mean did you see
yes future SMP futures overnight shot up I did yes everything shot up the bull
party marches on yeah we did hit a we did hit 501 I believe right well I was
just checking yes which I was just sharing on my blog last night that you
know I think you can get up to 5040 and it got up to like 5045 or something like
that before it pulled back so it is just very very bullish yeah that certainly
seems to be with the way things are going are you feeling a green Friday yeah
I mean with all these you know really bullish earnings announcement yeah I
think we're we're going to have maybe a bit of an intraday pullback but I think
that the the buying will keep marching on I mean my two favorite indicators
which is volatility VIX and market breath are both saying are both very
supportive of the bulls right now so you know you just can't fight it either stay
in cash or go bullish at least one until one of them say no yeah that makes
sense let me go through a little bit of the news as people are starting to come
in and then we'll cover a little bit of the market analysis as well as we had
some more of our speakers into here so Nvidia had some more news they plan to
set up a new unit to capture a 30 billion dollar custom chip market so
this is a new business unit that Nvidia is setting up you'd listen the market
seems to like those type of things so I would keep your eyes on Nvidia Nvidia is
down about point six five percent here in pre-market right let me actually
reload this let me get some updated numbers yeah down about point six five
percent so something to continue to keep an eye on and then here I've got a list
of seven stocks that I'm watching today I'm gonna roll through right here all
right a couple big news from today there is a major drug makers commentary on a
Senate hearing there's some stuff with Pepsi Co so Pepsi Co reverse course in
pre-market trading last up marginally the snacks and soft drinks giant
reported a point five percent over your fall in net revenue for Q4 2023 volume
fell in both food and beverage by three and two percent respectively keep an eye
on Pepsi Co Newell brands and WL stocks up nearly two percent ahead of the
opening bell after the parent of products such as Sharpie Rubbermaid
reported a nine percent year-over-year decline in both Q4 2023 net sales and
core sales keep an eye on Newell shares of Capri CPR I retreated almost two
percent as well ahead of the market open after the
cool Q3 2024 top and bottom miss they saw quarterly sales decline across all
three of their iconic brands minder there's a Versace Jimmy to and Michael
Kors all slipping Jimmy to sleep the least Versace slipped the most
overall they said our performance in the third quarter continue to be impacted by
softening demand for fashion luxury goods and then we've got a trio of
companies here that are gonna be in focus Johnson Johnson Merc and Bristol
Meyer Squibb the CEOs of the three drug makers appeared at the US Senate
hearings yesterday Thursday the executives defended their drug pricing
strategy at the hearing blaming the middlemen known as pharmacy benefit
managers for the ballooning prices of their medicines the hearing comes at a
time when the US is pressing ahead with its plans to implement drug pricing
negotiations for Medicare despite legal challenges from drug makers the stocks
relatively unchanged here I did see a big fall-off in Merck though that was
one thing which I was watching let me double check so Moderna MRNA for those
that are watching you should I see you in the audience if you want to request up
Derna Moderna oh wow they were covered all the way okay they were down about a
percent of pre-market they've recovered back but with MRNA Cowan said phase 3
MRNA 1345 trial suggests RSV vaccine efficiency is declining quicker than
GSK MPFE so they are not doing good in comparison to their competition yeah
those are some initial pieces but let's get around the panel here get some other
thoughts good morning our yeast what are you watching today hi so I think yes
4041 it hit today I'm in pre-market and spy also hit 500 expect yesterday
did 5040 cents so today looking for a follow-through to hit it RTH and then we
see you know what I mean today's Friday so anything can happen so it's more of a
you know wait and watch kind of a day but and it's new moon as well so
following through next week we'll see what the reactions comes in QQQ I'm
watching around between 433 and 437 and expecting a reaction around there for
some pullback or you know giving it a couple more points till 441 so that's
there in media it is still holding that 700 to 707 if it exceeds 707 then 729
SMCI same I mean they both are now operating in the same plane so that's
there Apple and Tesla not moving at all they're just holding the market just
being there for who is moving Microsoft today it hit at least in the pre-market
it hit the after earnings a high which it hit 14 for 16 points something I
forgot what it was but RTH it opens there and if it follows through above
that number after the gap filled or something then we see higher 425 on it
Qcom that 155 hit is pending so I'm waiting for that overall the market
looks bullish today the only thing is you know what happens between 5,000 41
and 5,000 77 LB it may be a very short term because the indices are very very
heavy net it jumped up very nicely yesterday 112 so so I look for a
follow-through I mean after some adjustment in the first few minutes or
maybe first 15-20 minutes and see whether it wants to follow through
otherwise this is a good number for a Friday to you know protect some profits
and stuff like that so yeah that's what I'm watching 5 0 41 I put in order to
short it so I'm there but maybe you know this was just a short term thing you
know getting few points so I may exit around it's already 5,023 so if it wants
a little bit gap fill otherwise you know I'll exit here and then retry again when
it hits back during the RTH session so that's what I'm playing at mostly
Fridays I keep it a little bit cool and see how things are and you know looking
for a follow-through for me I build some shots for myself but longer term for
April and May just based on the in this indices heaviness for a weekly and the
monthly basis and also we have called reaching in in the middle now it doesn't
have to pull back it doesn't have to do anything it can go sideways but just
being prepared for that net long portfolio you know you get up with a
surprise so avoiding that stuff just for that surprise basically thank you thank
you perfect you say good morning what are you watching today hi good morning
happy Friday everyone so just a couple of things with a little bit of a longer
term horizon I mean the markets are bullish we can see that Nargis gave us
a really nice rundown about the markets in general where we might be heading
but so for next week I'm looking at CPI on Tuesday and which might come in
hotter than expected because you know we've seen higher PMIs higher GDP growth
and this could actually you know push yields higher so push down on the market
a little bit we're also seeing a lot of extreme call positioning in big tech so
that's something to just keep an eye on maybe resolves in the next two to four
weeks to the downside you know and then I think next week other than the CPI
we're gonna be quite calm because you know we're over the hump for earnings so
the market should be kind of you know okay for today I'm looking at IWM I
think breath is improving a little bit I am and some of those bank tensions have
quietened down Bitcoin is gaining momentum so keeping an eye on Mara and
and then we're also keeping an eye on oil of course because of all these
geopolitical tensions and nothing is getting resolved supply conditions are
also tighter so just a couple of things today awesome thank you Ayesha and Kim
good morning how's it going good morning I'm doing well hey I first want to thank
you Nargi's because I think you were one of the first or one of the ones that
had mentioned arm and I ended up buying that so I'm pretty sure you mentioned it
on this spaces so that was obviously a nice trade I did trim a little bit of
that yesterday because I didn't want to trim it but lessons learned from the
past that when something makes that big of a move a hundred billion dollar
company moving I think it moved forty something percent I'm not saying it
can't go higher but I trimmed a fifth of my position to book profits and it's
something I probably do want to stay in long term but I was just like I just
can't have that big of a move and not book any profits and so I did I made
myself so then you know it's interesting because I usually am NOT a
buyer of calls or puts I really don't like to do that overall it's usually
better to be a seller of premium but for me unless you're selling puts this is
just not the environment to do that in because things are going so parabolic
so it's just learning to adjust to your trading so I bought calls on net which I
was really happy about I had a few on a firm but it's not gonna matter between
those two and yeah so I mean the earnings when they've been hitting I
mean they're just parabolic right you know we saw in 2021 I think it was or
2022 when earnings came down you know Facebook was down 25% Google was down I
think something like 20% the other way and now when things are getting a beat
they're going the opposite so I'm just trying to catch that be careful not to
chase because I'm not when I'm making those moves I'm not doing anything that
would hurt my portfolio obviously I wouldn't want a trade not to work out but
it's me I'm not making any moves that are that if it didn't work out it would
like be dire so trying to trying to follow the momentum that way with moves
to gain some alpha but not that are detrimental so yeah the markets on
steroids I have to say I'm surprised to be quite honest but the market likes to
surprise us so that's my thoughts today sounds good thank you Kim market certainly
does like to surprise we are uber-berclos we did break through and
pre-market through that 500 level we are dropping though right here see where we
end up four nine eight point nine two good morning Rachel how's it going
morning how are you doing this morning thanks for having me on um right now I'm
just looking at a few trade ideas so I actually posted some charts on my
public Twitter I do like coin it's finally showing some signs of a reversal
it tested the 50 day today which is 143 so if it can break above that again in
trading during today then that's something for a trade idea I'll be
looking at next week calls potentially but it is a pretty big gap up so not
when I want to chase unless it does hold that level and then I also do like AI
that's gapping up today as well to the 50 day which is 27.7 so if it can hold
above that I do think that's a strong name as well and I'm also watching snow
I do have levels above on that at 240 and 246 I believe when the market just
open so that's on watch and then I'm also watching Tesla I know it's been
beaten down for so long with tech techs been ripping and Tesla's been logging
that entire time but it's finally showing a potential sign of a downtrend
break on the daily with MACD cross I do have that one on watch it might not be
like a best long-term hold because I'm not sure what it's gonna do but for
short-term squeeze I do have on watch above the 190 high that's just what I'm
watching at the moment not taking any trades yet
sounds good 930 a.m. Eastern Bell just rung we got SPY the cues very slightly
green while they're dropping a little bit here not a whole lot of moves in
large cat tech reminder and video it's been good news but the stock does appear
to be dropping off the open year as well probably gonna take a minute or two
before we throw anything too much out but if anybody is watching anything
specific up here on stage feel free to honestly we have a small panel today so
just unmute at any time and jump in if you're seeing anything or if you want to
throw your hand up you can but I'm just looking through and seeing if there's
any other major news real quick that would be affecting things while we are
watching Sam Altman seeks trillions of dollars to reshape business of ships and
AI that's going on reminder you with a Super Bowl and Sunday so potentially
keep an eye on names like DraftKings DKNG Flutter which is Fandal there's a
couple of those going on DraftKings they are having a nice pre-market they just
gave it all up right up market open but they're having a good week about 5% on
the week let's see not too much other items you know Pepsi reported earnings
I read out the Nvidia news Oh Bitcoin was back over 46k last night it is now
Oh Bitcoin over 47k loves to see it I don't know if anybody up here on the
panel is in crypto at all but if you are let's continue to move to the upside
here yeah so originally we shorted Bitcoin in 135 and you know all the way
till 118 but in all this Nvidia and SMCI drama and ARM which came jumped in
between forgot to long it there so but it's a good move here BTC is 48 400
around there that number to 50,000 that is a good big crossover for it so once
it crosses if it tries to cross over 50,000 then we have 52 to 55 which is a
good good retracement up so it again it is still going on on a retracement and
left-side supply is still active actually so the all-time high was 65 I
think 65 something and that was also the cycle high so again if we try to get
over 65 at least 75,000 then probably the the future target starts getting
activated from there which I think I put it around 175 or 180 some somewhere
under two under 200 basically 200,000 so but again it's BTC and we have the
numbers but doesn't mean it's doing it right now or sometime in future so
always you know go I generally go level by level on it the prediction doesn't
matter basically because I still don't know whether it's a real asset or not a
real asset from the fundamental perspective but from numbers
perspective those BTC follows the levels very very well just like you know what
you call the what is this coin and every everything else so it's wonderful
to play if you are like you know going in and going out it gives good money so
why not absolutely we're also through majority of earnings season at this
point Ayesha what was your take on earning season and the way that we saw
these major reactions on names like ARM, Palantir and others so for ARM I think
it was blown out of proportion a little I'm really glad that Kim took her
profits because basically it has a very small float right so 90% of arms float
is owned by SoftBank and only 10% is owned by everybody else and so that's
why we saw this major major squeeze yesterday on earnings so and I don't I
mean their earnings were okay and we know that AI chips have a use case but I
think you know it just ran up a bit too much plus they have a lock-up expiry
coming I think it's like the first week of March if I'm not mistaken so we're
probably going to see some profit-taking there because once this lock-up period
sort of you know comes off we'll see we'll probably see some sales you know
massive sales institutional sales right so that's just something to keep in mind
but other than that I think you know big tech earnings did quite well the only
issue I see here is that you know they're priced they were priced for
perfection so basically what everybody's you know so we saw what happened with
Google right they did well they beat estimates but at the same time just
because they missed the ad numbers it got sold off so but all in all I think
we've had a good earning season I mean it's a good recovery from where we were
before and if this continues particularly I liked earnings in health
care and energy we're sort of sort of coming back you know industrials
industrials are seeing like massive cash flows now so these are probably sectors
to keep an eye on given that you know everybody's hiding out in the big tech
names so there's still really really good opportunities in health care for
example like Boston Scientific HCA THC these companies are actually coming back
and their PE's are quite low so their valuation is quite decent it could be a
good time to buy for you know swings longer longer longer time trades
appreciate the insights there Isha a couple little interesting pieces not
sure if these will affect stocks but we talked a lot about AI and potential for
AI how that's factored in the FCC ruled yesterday that you that deepfakes cam
calls are illegal using the voice of AI generated voices and robocalls unanimous
vote against it but that was interesting okay outside of that so I
don't know if you saw the news wolf there was this news I think was in Hong
Kong where the CFO of a company was a deep fake from a CFO of a company
telling their finance manager to sort of transfer large sums of money and the guy
didn't realize that it wasn't the CFO he thought it was the CFO and he
actually acted on those instructions so stuff like that is getting pretty scary
here and I'm sure that's probably one of the reasons why they're you know trying
to let's say regulate some of this and rightly so right oh yeah they got to be
careful Rachel any of these setup standing out to you what's got your eye
right now because uh for me I am watching SMC I said new all-time high
surprise surprise oh my gosh yeah SMC ice crazy I saw shares on that she's
kind of tougher to play this week with the calls after it's ripped but today it
could be a good one since the premiums not as high but I actually just added a
few Mara 25 calls I was like a lot of position so I'm holding that just to see
if you can break high a day if you need a tight stop you can just use the low
day but like I said it's a lot of position so when I play that I just buy
an amount I'm willing to lose on Fridays yeah these things could go nuclear if
Bitcoin just jumps another thousand you know definitely some big ups today coin
right that's some green and labu some of the biotech areas hood trading
pretty nicely here Kim you mentioned that you were back in silver I was
silver oil in some of these other areas yeah I am in silver um silver moves
crazy that's all I can say yesterday I think it took a 800 and you know just
using the micro like an $800 swing in a matter of you know a few minutes so so
I use it as a swing position I don't really day trade it so I'm looking for
it to go back over 23 in the futures and it's also a hedge for me I mean silver
is not going to zero so that's assured so you know I can add as it goes down
I've been trading it so I've done really well on it but it's stuck a little bit
right here but I think because of geopolitical risks it's good to have a
few metals on so I'm holding that and then I do have see what else no so that
one's moving a lot too I mean it's hard because they're all going so parabolic
right so we I'll wait till earnings for that one and kind of see you know
interest rates are creeping up again today and so that's kind of interesting
to see like how far they end up going
how do you read into things like the interest rates the dollar items like
that I mean I just typically at least with the metals there's a lot of
correlation between the interest rates going up and the dollar going up
oftentimes there's a correlation I don't see it as much as interest rates and the
market unless it hits a certain level I think it was like four point two five
to four point five last time where the market kind of threw a tantrum and
didn't like that level the dollar definitely correlates from from how I
see it with the market more when you get these big moves up you know neither
subdues it or pushes it down so I haven't seen the dollar yet today but I
think once we hit that four point two five on the ten year to four point five
I mean the problem is it you know small caps those businesses typically need to
keep borrowing dollars because they're not like the big behemoth tech stocks
Microsoft Apple that have a ton of cash on the side so for those stocks
interest rates going up at least they're earning you know a good
percentage on it but for these smaller caps that need to borrow to keep
themselves alive higher interest rates are not you know typically good for them
so that you know we'll see that the small caps are up today even though
interest rates are up but yeah I think it can go to a certain point but then
once it hits that it becomes not good for especially small caps but they also
have been trading like meme stocks I mean we were under four I think Monday
is when it took its big pop the interest rate took its big big pop back up again
and it might have been some of the Fed speakers I don't remember maybe Aisha
you remember but yeah it's not good when they're trading so having wild swings
either because then that causes you know just think about it for a home
buyer I might not go out and purchase a home and just sit on my hands and wait
if I see rates moving like this thinking I can get a better rate
it's well put Vivi I see you in the audience if you want to come up on stage
we're happy to have you but no worries if you can't I appreciate everybody
that's joining in being here with us yeah like I mentioned my main eyes are
no sense the SMC I it's up three point two two percent here Mikey's probably
scalping some premium on those as they continue to move but yeah some see I
looking good remember last time we did a Friday space it absolutely ripped and I
wouldn't be surprised if it continued to do so today PayPal finally getting a
little bit of relief here PayPal up two point two three percent it's just been
just been beaten down so makes sense maybe a little bit of buying coming in
people certainly have hope on PayPal they see the case it's just not reacted
well to any of the moves that the CEO has been making I will say I'm long
PayPal yeah I'm trying there's a there's a reason why I'm long PayPal they're
coming out with some new biometric features that to my understanding from
what I've heard that they're innovative and better than what like Amazon Pay has
so it's a little bit specular it's not a speculative stock it's been around a
while but it's a little bit speculative for that reason on my part to continue
to hold it but that is why I'm holding it and I do have my ear to the ground
here cuz I were in the tech area so so I really can't say like how I know it
but that's just you know supposedly these features that are coming out are
really innovative in the industry so we'll see
got it morning Vivi how's it going good how you guys doing good what are you
watching today I am right now I have Amazon 200s for me I have Amazon 175
before March 1st I just saw a huge flow come in so I'm trading Amazon right now
and then I'm trading Netflix I just got in Netflix for next week 600 bucks I saw
millions of a call flows coming from Netflix so I'm following the flow today
interesting so Netflix too huh yes yes are you in any trades currently I just
um I just did a firm you know so I just made 500 bucks on our firm so
now I'm just waiting for these Amazon and Netflix to to be finished for the
day for the morning and then go to my real job I appreciate you spending the
time with us yeah the market is absolutely insane so yeah PayPal here
just um so many calls are coming in spy let me see you some really big flow here
just share with you guys Tesla Tesla it's it's like a non-stop the flow for
Tesla absolutely very very bullish right now
maybe I can take some of this love to PayPal PayPal finally pushing up a little
bit but yeah Tesla you're correct it's just pushed right off the open moved up
about three four bucks here yep and then Amazon Amazon flow is that's why I
I took it it's pretty much all calls two hundred hundred seventy bucks two
hundred calls for May May 20 May 2024 is a big one for two hundred calls which
is gonna be I think earnings will be before that in April so got it what are
you do you oh yeah Nargis go for it yeah sorry to interrupt I was go ahead if I
was interrupting no please okay so another one I've been watching is AI
the C3 AI stop I mean there's a whole talk of AI everywhere and this talk
doesn't move right so so 23 was a good point we were looking to buy and it hit
there and we did go long but now it has started to get some traction and it's
starting to look that it might do something now again it tries to do but
then it fails you know so but but it is it is looking a little bit better so
overall hold of 25 25 50 is good and then closing over 27 and staying there
on a weekly basis it it has some higher numbers I'm seeing a bullish Gartley on
it on a weekly basis and generally what I've seen across the market is that all
the bull patterns which were on the stocks these are mostly on the weekly
and the monthly basis and hence we are seeing this atrocious moves because the
the higher time frames are powering up right so if again there's a big if if
this gains traction and it stays this way above 27 I mean fills the gap and
maintains that 27 then probably upcoming earning as an earnings and all we may
see it a little bit higher the targets I'm seeing are 35 to 43 that first cut
again sounds big numbers but hey everyone is surprising so why not this
one and then higher of course it's on a weekly basis it takes time and it needs
to maintain its numbers so I'm watching 27 and 25 hold this can give a good long
basically so for a for the earnings perspective the earnings are on 228 end
of February so probably more on the bullish side and then some protection
depending on how it is trading at that time but currently we are long on from
23 on it so let's see so that's a good one to work basically I was gonna say to
you guys too I'm holding a lot of new video calls there's so many puts that
that's being written and you know obviously they're selling puts and so
many calls I bought the 1250 believe it or not I'm up when I saw the 1250 for
July I'm up 20% already so I'm definitely bullish on the new video for
sure with earnings coming in February let me see one is the earnings is
February 21st so let's see so so Vivi it sounds like you are leaning into these
these names that have been high-flying ones when you look at an Nvidia and SMC
and others like that are you not worried of a pullback coming soon also I
saw and not not based on what I've been watching the flow it's just just that
keeps coming in you know there's a lot of people thinking that Nvidia it's
gonna have a huge guidance like huge and that we can bring the video to almost a
thousand I'll share so I'm very bullish on the video I might you know like
obviously I might just pull away and take some off the table for my calls
before earnings but I'm definitely holding some calls through earnings I
feel very confident so I was just sorry to interrupt you I was just saying that
when you mentioned earlier Labu was up the biotech 3x ETF I happen to be
scaling into it small amount but it is definitely taking off it's been basing
for quite some time now for like a couple weeks so and I think it's ready
to take off so this is just a small quick trade but it's it's one of these
ETFs that move a lot so we'll see where it goes is certainly looking bullish
overall question for Aisha oh yes please develop any questions for each other
jump in so Aisha and you spoke about calls that the call skew was like way
offsides essentially and then that puts risk to the market so I thought it might
be good if we heard you talk about why that may put risk to the market and what
you're seeing oh that's an interesting question so basically when we have these
kind of extreme skew positioning it's like no one is looking at the downside
right so we're all very bullish we think everything's gonna go to the moon and you
know so when when it does sort of so there's no hedging normally we use
options to hedge and in this case what's happening with the big tech options are
being used to play the upside as in you know and pushing the prices up as well
right and so there's no let's say hedge to the downside so when these call
options are resolved or they come off then you know prices sort of have a
very drastic decline because there's no hedge you know there are no puts or
there are no hedges hedging the downside in prices does that make sense yes and I
thought I thought that was important to talk about because you're seeing like an
extreme amount of calls and no puts so then any yeah that's right I think it I
have the number here somewhere I think it's the highest since 2021 if I'm not
mistaken yeah let me just have a look and then when if something happens news
event whatever and everyone's it's a surprise yeah yeah and doing the night
if it happens always on a weekend yeah so that's right so apparently this level
of skew has happened only five other times in the post covert so in the last
three years we want to see this kind of extreme positioning five other times
which if you think about it like three years that it's not a lot right so it is
pretty alarming that it's this high what also I should I don't know if other
people also noticing is that the IV on the options are crazy like today I am
watching today's expiration itself going from 125 to 500 percent and a RM net all
the and this has been suddenly in this week earlier it was all okay but now it
is all 200% IV on both the side so basically unless and until a RM for
example I was looking to buy 90 calls the IV was way high all the way till
105 and I was like if I have to curb that IV I have to go further out but
there is no guarantee the stock is going to move fantastic right it is a 70s it
was at 77 what's the chances it's going to hit directly above 100 or above 105
or 110 so buying further out was very risky and buying closer one was further
more risky because you know even if the stock moves let's say 10 points or 12
points that IV crush is not going to pay you anything so the idea is even if you
wanted to go long on options or short on options it they were not presenting a
good idea in terms of the returns so it was a good thing that a RM made a
fantastic move but if it was a mediocre move then all the premium is gone right
there so so you know the business has already started becoming tricky which is
another sign to see that you know like to slow down a bit and think okay what
am I going to do if I'm net net long that is the question which needs to be
put on the table and have some cheap hedges you know few months out and then
you know just for that one one surprise day when you wake up you know so you
don't wake up for a surprise and we don't have a repeat of 2020 or 2022
where people you know made a lot of money but all that gain is gone because
you know the greed took us over yeah that's an excellent idea but that's the
problem here right so everybody's like not putting on these hedges to the
downside even though they're cheap yeah so that is how the you know generally
the markets work they want all the money on the table the retail money right so
this is the following which is happening and everyone is like okay I'm missing
out and you know I've given so many plays in the past week all the different
and they've moved fantastic but people are just focused on Nvidia and SMC I am
like the maximum move is done why are you waiting on it for 50 points right
you know the crowd gave like 40 points your service now gave GitLab gave you
know the coin everything so many plays gave DKNG you know DKNG were
long from 33 so I'm like all other stocks are there and they're giving you
very good points and you may exceed the gains which you're getting from Nvidia
if you buy an option for Nvidia it is $20 OTM but other stocks they have like
$1 $2 $3 and your gains are equally the same so don't chase that last ponytail
you know don't chase the last ponytail in fact wait for a time where it has
exhausted itself then maybe we'll short it down you know so look for the place
where nobody's looking to make the max out of it but hey that's just me
thinking I think that's a smart way of going about it I'm looking at Tesla
right here I just put up a Tesla chart on my timeline and I just pinned it to
the top of space if anyone wants to see a one-hour target level see if we can get
some movement what's up Kim oh sorry I didn't realize I had my mic on no I
appreciate all that discussion because I always think it's important you know
we've all seen rug pulls right and it's about for me it's like I tend to
honestly be too bearish when I see big moves and so for me I have to work on
the opposite I'm going okay like I have to force myself well and I also live
with a you know former floor trader so like he tends to be he's seen a lot go
on so I tend to like I'm the opposite it's like know yourself like I'm the
opposite where I have a harder time getting long when I need to be getting
long but then the opposite is if everybody's long and people don't aren't
used to hey I should hedge here doesn't mean get out of everything doesn't mean
a market crash it's just like those profits can evaporate really quickly if
you know like why I forced myself to take some arm off the table yesterday
Kim I share the same problem that you have which is that I should be long when
my inner bear tend to talk me out of a lot of positioning which is you know you
miss some opportunity that way but I've been burned in the past before multiple
times so it's once you've been like that you tend to get very cautious and you
look at big moves and go oh my god that thing is just you know too far off the
ground and when it falls it's going to be painful
on oh yeah I see tape I see paper on it I think just like when you're on fin
twit it's like Oh Bears versus Bulls it's like our politics right it's like
no we can be neutral right we can have a neutral position on you know have some
good longs on and be like maybe hedging further out like you're doing our G's it
doesn't have to be like like this dichotomous and you're a bear you're a
bull right so I think trying not to always think in that type of mindset also
helps to make helps me to make better decisions you know most of us are
traders right I mean of course there are two parts to it what is the long-term
investment other is you know the day-to-day things which we are doing
right so when you're a trader you are neither of you shouldn't be in a bull or
a bear right the main point should be I'm here to make money and to have
minimal losses right going with that mindset it doesn't matter what the
market is doing right you you make money when you go up you make money when
you go down now some people can be better at being a bull some people are
better at being a bear some people just cannot be a bear and now that's a
personality thing so if you know your personality how you look at things and
where the pressure comes from if you cannot sleep because a stock moves a
certain way or you are worried about certain things then that that kind of
play is not for you so as long as you know that you know this is how I trade
that's absolutely fine you know I love being I love to short as well I I love
to long as well because for me it's just numbers I look at my number okay it is
hitting here 5041 yes I want to see the reaction what it does at the same time
if QQQ is also going as close to 437 then it gives me a confluence in a video
also going towards 729 750 SMC is also reaching around that point Microsoft is
also 418 to 425 that is giving me a confluence meaning all numbers are
arriving at the same time now let's see the reaction so in the next couple of
weeks I will get a reaction or I will wait for a reaction and see what the
market wants to do either they will cross the resistance and go to the other
side or the reaction will be to the downside now you position based on that
so it's all the numbers game for me having said that by the way the your oil
is looking to cross an important number 77 78 it has tried again fell down back
to 72 now it is tried trying again if it tries again then we will start seeing
some pressure developing for the IYT and then following through into IWM and
everything else so you know that's something which to look for in terms of
the balancing whether it's a time for the indices to relax if oil is also
going up your your Dixie is maintaining 104 so maintaining 103 is you know
bullish for dollar so dollar and oil going up I haven't seen where TNX is so
all that combination will will you know give me an idea okay what am I looking
at and what okay TNX is also maintaining over 3.9 3.96 so that is
still looking for a retest of the high that is there and your Wix is was I
think it was 13 okay now it is a little bit under 13 so it has been maintaining
that 12.45 to 13.5 that range and it is still in that range and it has give not
with ES making new highs Wix hasn't gone and made a new low it hasn't even
broken the previous low so that is something to keep an idea they all
generally go hand-in-hand where certain thing is happening but and right now the
story is only about S&P hitting 5000 that's that is the only story nothing
else and all the moves if you see are very disconnected you know the indices
moving but the majority of the stocks are not moving your Apple and Tesla are
just being the Hercules you know giving the two shoulders to let the market
stand on so you know and once some conference comes in you will start
seeing everything starting to play and act together your Wix will start rising
your oil will start rising your Tesla may start to given after the retest of
the high 193 to 2 2 2 0 3 2 0 11 if at all it goes above 200 but for now 193
197 I'm watching Apple 187 to 183 this is where it is ranging either it flushes
below it or tries to cross above it so between both these two numbers I'm
trying to look for the direction for the market in the next couple of weeks
coming in and after next week's OpEx the volatility for codwitching will start
right now ES and XPX the distance between them is around 20 points and by
next week or or further out week it should reduce towards 15 so the whole
volatility will be to balance the index from now from next week onwards so
again your story of the rest of the stock market and the indices will again
diverge so the only play would be to balance the index to change the contract
so this is where most of us get trapped into but if we can just keep an eye on
that this is just for the contract change then probably we can stay on the
right side of the market okay I'm done talking
yeah that's really good by the way SMCI hasn't even put in a red candle yet
not even one I think this might be its first right here a firm getting
clobbered it was red on a green on the day it didn't it did last night when I
watched a firm it was at 39 that was before the earnings report came out and
then this morning it climbed all the way back up to green and I had a few
comments I didn't have that big of a position like only 50 shares or
something yeah but I so but it went green I sold my shares I didn't see a
climbing back right here it was a swing for me it wasn't like a long-term
position that's why I just had a small amount yeah you're right yeah it was
down what 12% and it came all the way back to green and then it's down 7%
again but I wouldn't be surprised that this one comes back to green Celsius
announced a partnership with formula one racing this morning
very nice so Rachel I know that you've kind of been trading SMC on some of
these others with us throughout the week what's your strategy for getting in
getting out where do you cut the losers where you start taking profit on the
winners well I've reduced SMCI already twice now just because it's had such a
parabolic run but I am thinking of just holding on to the rest of my shares for
now so I haven't seen any like sign of an uptrend break or anything on the
daily so if there were signs of that which I like to look at you know like
either maxi starts across lower it breaks a major supporter resistance like
a moving average that I have then I'll look at maybe potentially getting out
but I think SMCI is one I'm probably gonna swing for a while just because I
do have it at 300 so it is I do have a pretty good return on that at the
moment but when I do get out of calls for that I was playing calls last week
I do have to say I left a lot on the table with that I mean I'll look at it I
look at you know resistance and support levels that I have on my charts that I
I add pre-market and so once it does hit one of those targets I usually like to
get out but it ended up running so much more so I did leave a lot of money on
the table for calls which was unfortunate so yeah with the strategy I
do need to you know maybe hold a runner a little bit better but I mean those
ones are crazy last week I I had this week's calls at $4 and I think they went
to like a hundred so it's insane that's it's definitely hard to sell the high
so I know I'll never do that but I do like it long term at the moment looks
like it's just breaking out of a flag so I'm still gonna hold on to that one have
you played it as well just a little bit just a little bit but I guess I was
asking more like not just with SMCI sounds a little bit crazy with the way it
moves but just kind of overall in this market environment where where you see
yourself taking profits up because some people in spaces are holding for you
know hundred percent plus and some are just taking it you know ten fifteen
twenty percent yeah for sure I mean right now with the longer term stuff
like right like I was saying before I do like to just play weeklies with like a
smaller amount of money but with my long-term stuff like like right now I do
have a firm that's something that I'm gonna hold on to still because like I
said I'm looking at major support level so it's still holding above the 50 day
so I'll probably look at holding that I have it at $30 but if it were to break
that major support that's something that I would take off so I just like to look
at those big levels where I can either take it off and go cash again on that
and then re-enter it when it starts to set up on another downtrend break so
right now I am I have been long the market I think I've told you before I'm
using those 3x ETFs like SPXL and TQQQ which are potential ones that I might
look to scale down a little bit more just because we did hit the 5,000 mark
and those do have decay so I am looking at potentially taking those off and then
once we do have a pullback maybe adding some spy back but right now I've had
those for a while I'm just kind of watching them since we've had an uptrend
for so long I haven't seen any really sign for me to sell everything but I do
like to scale on the way up for common so and especially into earnings I like
to you know try to scale before then just because I know it can have a pretty
big move but if we were to you know show signs of a big uptrend break on the
market then sometimes I just go completely cash in my portfolio like in
2020 when COVID hit and everything I just decided to go completely cash and
wait until we had another downtrend break on the daily just because you can
get so destroyed like my mom my mom has a portfolio with someone else and like
they just let her money bleed and for me I would rather just be completely cash
during those drawbacks so if we do have some sort of setback on the market where
we do break those major levels that's something I'd I'd potentially would go
cash in my longer term portfolio but right now I don't really see any signs
of that so right now I am just holding and like I said I just do like to scale
on the way up and not hold too big of a position so that's kind of where I'm
sitting right now just long the market
appreciate those insights there you should I'd love to hear kind of from you
similar insights kind of style of how you go about taking profit cutting
things especially the market that's just been ripping all year so it's an
interesting question so I do I do a lot of fundamental you know so that that's
my bread and butter right doing fundamental analysis so and so I look at
earnings I look at the company in general so if there's nothing wrong with
the company in general and you know I will look to take profits probably with
a little bit of technical analysis if it's run up too much I don't know I mean
it's it varies from company to company you know but I think when when I see
like a very very solid up move unless I know the company inside out and I know
that this move is justified I will probably get a little scared and take
profit if that makes sense right with coming up from the fundamental side do
you what's the average holding period for you with the stock or is it just
completely different song by stock so I have sort of my portfolio divided into
three so I have long-term holdings like very long-term holdings in that I have
Apple I have Berkshire Hathaway I've added to CVX and now Rockwell Automation
so I'm just like you know that's that's a very small and growing portfolio let's
say and then my average holding time is usually two to three months that's where
I like to trade the most like so swings right so anywhere between three weeks to
three months is great for me and then of course you know I will sort of trade
around earnings here and there that's only if I have that level of confidence
right again if I know the company really well if I know that you know we're
likely to see something good come out of this company that's when I'll put on
trade so I'm not just going to trade a random name I don't even know so like I
just I just don't do it but for the shorter term trades I think it's more to
do with okay I know the company but then it's more to do with technical analysis
you know so is it does the Bollinger van look good are we above let's say moving
averages stuff like that what's the trend looking like yeah
video up 1.9 percent pretty close to high of day right here
that's some CI kind of fighting putting in this red candle and I hit my get
another green one right here mark it's still roaring arm got about 5.3 yeah go
for it um a couple of stocks that I have small positions in just that have
we haven't talked about so I like to bring up stocks that haven't been talked
about um is new and you and that is a Brazilian online bank Buffett I'm not
sure if he still has a position in it but he did have a position in it very
small you know probably didn't catch most people's radar I've owned it for a
while I've added to it and saw some call options going out it going out on it all
the way like leaps so I'm staying long that one and then also cart cart is
Instacart and they IPO'd I don't know a few months ago and when they IPO'd there
was no lockup period basically and so the offering was at 30 had gone up to
40 and you know then just you know shit the bed so to speak so I've started a
position in cart I like to buy what I know and oftentimes I don't always but
you know what I'm using and so I've started position in there I've saw some
call flow go out in there they do have earnings so it's you know I'm not sure
how they're gonna do on earnings it's probably a crapshoot how it goes after
earnings but it is going to be a position for me kind of probably I'm
looking to hold it three months to a year and see how it trades got it and
then your biggest position still Costco yeah but I did trim some is everyone
shocked I trimmed a little bit because they have a new CEO who is a longtime
employee he's been there I don't know since you know 30 plus years longer
probably but then Richard Galante was their CFO and he was an original
employee and the original CFO and so and then they brought in I think you said
this or Evan said this you know someone from Kroger well that's great but
Kroger is not a wholesale model so I decided it's ran again one of those
stocks that's ran I've owned it for years and years I decided it's smart to
put a little on the table and kind of see take a little bit of cash put it on
the table and see how you know because basically the new management isn't the
original founders so Richard Galante was still one of the original founders so I
want to see how this transition goes obviously I'm a believer in Costco I
shop there went there yesterday made a post about buying things that I wasn't
planning on buying but I think it's smart to put some money on the table
take some money off the table I'm sorry and just kind of see how because
oftentimes transitions with your C-suite can be rocky especially when it's not
the original vision visionaries or founders so that's what I'm doing
am I like when you talk about how you buy stocks like Instacart because I
actually like cava there's a lot in the Northern Virginia area and they've open
I think like 290 stores in the past year that's one of the stocks that I own and
I'm looking to hold it for a while because they're actually only in 24
states right now so if it can be anything like Chipotle I really like
that one long at the moment I'm just holding shares on that but I agree with
you on that one I love them I want them in Washington State so bad they're in
California and I'm bummed because I wanted to buy that when it got down to
39 and I just didn't I don't know why but every time I go there there's like a
line out the door yeah it's always packed when I get it as well so that's
why I'm like I'm gonna hold this one for a while and just see where it can
go since it's a recent IPO as well but I do like Instacart like you were talking
about I was just looking at the chart when you brought it up that's the one I
use all the time especially just being a mom I hate going to the grocery store
with the kids and stuff so it's so much easier to just do it on my computer
Hey were you talking about Kawa the restaurant group restaurant? Yes Kawa I just in my
head I think coffee or something because Kawa it's an Arabic word for the coffee
or some hot beverage yeah so I'm just looking interesting chart actually the
low was 29 right the low was 20 the earlier high was 54 and the opening low
the IPO low was 36 then it made from 54 to 29 it came down so your low is 29
actually so from here it has a target towards 65 so so it needs to be over 53
now to go towards 65 and let's say if it doesn't take out 54 the previous high
all-time high was 54 no sorry 58 so let's say 53 it goes above it and stays
then good chance it will take out 58 and go towards 65 but if it is not if it is
having trouble around 53 then probably as of now you know just a bit of caution
towards maybe a regular pullback nothing nothing more I mean it all
depends on what the market is doing the if the all the biggest stronger stocks
are pulling back just assume then you know all the smaller stocks which are
not mostly looked at so a little bit more caution for them but but it's a
good thing you know 65 is a good number from the low of 29 so 53 is for now I'm
you I would want to look at it what it does here short-term interesting stock
though thank you for bringing it up no yeah analysis on that as well and sorry
my son is just in the background making noise all the time why are you
apologizing we love hearing your mom is up here we are a whole bunch of
estrogens love baby queen so guess I guess wolfs not a mom I've got the wolf
mom that's that's in her bio on Twitter another stock that just I think is
starting to break out as Chris crisper see our SP this is when I've traded gosh
probably since 2016 or 17 it's a good trading stock because it gets big moves
up and then it gets shoved down um but I have someone in my orbit that they just
had one of their children get you know genetic what do you call it gene editing
um and had it I don't know infused into them that literally is going to stop them from
possibly dying or being you know disabled the rest of their life and um you know it was a
million dollars one million dollars they I mean insurance covered it because it's a very rare
disease but that's what these companies do um so I think it's becoming more accepted it's
growing exponentially it's like the AI you know all this biotech um gene editing so I'm long that
so um Kim didn't we talk about this I think I mentioned crisper in last or last to last space
uh I was long on it uh since uh 57 or 58 and I was waiting for it to break out of that uh 62 65 it
took forever I had short term option so I exited that but commons were there good to see it's going
72 I think above 67 it was supposed to break out I think and it must have done now uh it's almost
at it's almost at 71 I've had it a while yeah so the monthly would be a base breakout and if you
see on the left side you know so in between we have a mountain and we have a left side two small
mountains and the right side we are doing the same thing so if it breaks out around so that whole
mountain is around 71 72 if it tries to go over that then probably this may see oh this can see
some nice number close 85 to 100 102 that's there I'm not sure if it reported the earnings
no it hasn't 13 February so it's next week so again uh that's there but uh week on a weekly
basis I was looking for it to break out and it is doing that you know that bull flag uh breaking
out it happened around 67 and now it is right at that mount that that horizontal line if you
go on the monthly chart look at it you'll see a flat line very clean very clear now that 71 72
if it's able to do that then this can this could give a good return uh provided they have not
bloated the ivy on this one also it could be a good play for next week uh wow this today's week
ivy is 100 plus what is wrong with this I mean today's Friday and it's going to expire
what's the point in having 200 percent ivy is I don't understand
I mean I look at IBR too and so it's at 46 which is still high but um yeah
it's a five-point move for a stock next week earnings and ivy is in 60s 85 85 is in cents
um but 75 is not bad it is 90 cents or or a dollar basically so that would be nice actually to play
um if it can hold that 71 and march march march come on march
march 75 is high it is almost it's four dollars actually and 80 is uh 2.5 that's not bad 2.5
and 75 and 80 cds would be uh do something that's that's a good r and r if it goes above 75
uh to 80 then you know one is to one r and r on a cds
nargis I bought ai this morning when you said it and I caught the move up so thank you
oh good so you thank you for listening um yeah it is now what 29 30 so it's a one-point move
since then right yeah I'm making money on it yes good and I just I just bought a very small
position like I just just wait for it to hold on to 27 this will hit 35 uh or close to 35 between
33 and 35 it'll hit the next target is 43 so its earning is end of February right so let's see how
it does uh whether it reaches 35 before the earnings or how it does most likely it should
if everything is okay you know the es is also holding the fort so this is one stock which has
not there are there were few stocks which did not move they troubled a lot oh my god
there was shop there was net there was no uh this ai is there and there was CRSP I had all these
longs and my god they were like those stubborn kids you know where you just frustrate and pull
your hair out so literally they and plus I was an option so I was like oh my god when are they
going to move and all but but they all moved finally they all moved snow 233 we have been
doing this snow from 187 actually much earlier but the second round was from 187 and finally
it moved to 233 and CRSP is also moving now net data blowout so it was just waiting for earnings
shop finally moved so shop we were doing from 60 and so good returns on that and if it is this 81
holds on it then probably we this may also go over 100 uh shopify but again they are all having
earnings uh next week or some somewhere around there and coming with the timing yeah 13 fab
next week so coming along with the timing of where the indices are I'm just afraid that their own
move may get muted if uh if if you know the indices wants to rest so that's that's the only
concern unless it can be independent of the things around it uh it it can do a good move you know
next is 111 on it the top of the price action in 2020 right now it is just under it uh you know
and so it can get a good chance to be around 100 100 101 to 112 so basically yesterday I
just was mentioning to the people who are following we were discussing and I was like
net moved arm moved and they all had the similar pricing so I took out all the stocks which were
in the similar price range like gitlab shop and couple more others who were priced in the similar
range and so I wanted to analyze them and see uh what is it that the algos are seeing in them
to push them out of 100 so very interesting case um so a few of them like for example shopify
it is a good product as well and it's it's one of the laggards uh looking to go so that that would
be one of the things which I would look for you know for further up movement so that is something
I'm monitoring shopify I have that and plus I'll play the earnings on this one again timing uh so
I'm not buying anything below April right now even for a short term move so because one the
ivies are very highly bloated and number two when everybody is looking at a certain stock they
generally um you know mute the move and then it it moves on a little bit later so you know giving
it enough time to play it out if it moves like arm and net next day or same day oh fantastic
fantastic but you know sometimes they don't move they take some time like Microsoft right Microsoft
did move and now it is moving so I have march plays on it so you know it just helps a little bit too
to buy time on them if you're playing options commons uh commons is good
you can just get in and get out whenever you want to so
I bought one call and then about 100 shares
that's nice on on Shopify or AI oh I'm sorry on AI uh good good let's talk crypto for a second
here which has been ramping up I'm curious if any of the uh movement on the panel
uh Nargis do you trade crypto at all are you at all involved I know Rachel I'll talk to you in
a second because you were trading the miners yeah yes crypto yes I do do I do trade that um
in in Robinhood and um and mostly um I I do the cycles on them so right now it is approaching
that uh 4400 48 400 basically and that was your march 2022 high and that is uh the major chunk
of your supply on the left side once that is overcome then you have a good chance towards
52 and higher 52 to 55 is a good chance but that 48 400 that needs to be taken out and that is your
major chunk of that is where your 2021 fall happened that is where your 2021 rise happened
and that is where your December 2021 fall happened and the last test was in March 2020
2022 so that number is that important because going along for the the past three to four years
or five 2020 would be what now four years so from the past four years that number has been
hammered a lot so if it takes it out there is a good chance that crypto may have a similar move
like what uh in the in this the es is having it may take out 5500 also maybe go as close to the
all-time high as possible so that's there but of course we are still dealing in supply so
but taking that number out and staying above it would definitely have a big meaning so so that's
there actually and I've been I've talked about this in my two videos which I posted on my YouTube
is why XPX moved the moved the way it did from the 2022 demand 22 last year was 2023 right
so previous and we bottomed last October uh no 700 points move started in 2022 right so
why XPX moved the way it did and I did a comparison with BTC so watch out for it if it wants to move
then will it if it follows XPX then why that move will be like that and so far it is doing that way
from the low of 17k and then taking over 25 000 why that move would be similar to XPX
because it's it's just the original story of supply and demand it's like you know looking in
the face of a lion so either you freeze and don't do anything or you run for your life so
XPX and run for its life because there was a big supply there and there is only one way to overcome
it run through it and BTC is also doing the same thing run through it and everything else will
fall into place so it got a new all-time high will BTC get it we'll see in the future but 65 to 67
was its cycle target and that would be one thing which it needs to take it out and that number
would be uh what is that number it's in very big thousands I do I have that high numbers yes I do
have 65 oh BTC 68 121 is an important number 68 121 that number needs to be taken out
in order for the next cycle to take start taking effect for future future that word is very very
important because you know these are very very big numbers now can it run 10 000 more or 20 000 more
definitely but will it hit 175 200 k immediately maybe not it's ideally staircase model takes
years to go but hey we live in the world of very fast algos and 15 second reels so who knows
we may all be rich very soon very fast before we turn 80 years old so
well put rachel how about you because you were playing the minor
um any thoughts around kind of crypto and how you approach it
yeah um I actually do just like the Bitcoin chart in general right now I'm just keeping an eye on it
I'm like mainly just looking at technicals on names like Mera and coin um I don't really play
crypto much I did a couple years ago just in a coinbase account and just kind of like messed
around with it but I mainly just play um with common or options on the miner so like I said
I'm just watching I do have shares of coin at um 77 so I'm just like watching that um it looks good
for another potential ad for a downtrend break again because it's looking like like I said it's
having with the technical side of it um it's doing everything that I like to look at on the chart it's
like it's starting to break above the 50 day with maxi cross up and it's a downtrend break so that's
something that I would watch so adding long again wouldn't be a bad idea if it can hold above 143
but if it breaks under that then it could still have some consolidation first but right now I'm
just watching um just watching it I haven't added any like new positions um long term yet
like I said I played Mera just this morning I was like a little lotto position um which is lower
right now um but that I might look into maybe buying some next week calls on Mera um if it can
hold um maybe if it can break above pm high but right now it's just kind of slow sounds good
I am going to by the way move us into this next space in just a couple of minutes here we're
going to dive a little bit deeper into a few areas specifically we'll be chatting about the world of
data data marketplaces I think that that's maybe one of the biggest themes of this year to be
honest whenever I get on with uh shy for those who are my spaces with him he's always talking
data so a little collaborative marketplace chat coming up uh I feel like some my favorite place
have been data place this year both in the stock market the crypto world so that'll be coming up
here in just a minute or two Kim anything else that you're watching here uh or kind of you know
advice for retail before we roll into that next one um advice for retail is we can definitely
still keep going up we can melt up I think Aisha brought up a good point or maybe it
was Nargis I don't remember about next week you know the it's uh OPEX so you know things could
kind of get flushed out maybe there as the market makers and institutions rebalance their positions
um so I'll just be cautious and taking profits I'm not adding puts yet um but I do I don't
oftentimes I use the futures to to get short not short my not shorting my
not shorting my whole portfolio but hedging it so um the the uh Russell when it has hit that 2000
right around there it'll be interesting to see if it can break through I might put a few
micros on short at that if interest rates keep going up at that level so yeah that's all I'm
watching for now perfect sounds good and then I would say uh Aisha same question over to you
I think we've talked with a lot of the panel here any other thoughts on crypto any other
advice for retail and then we'll get into my data space no so just one thing the thing I started
with right so we have CPI on Tuesday and if it does come in hot we're likely to see the market
sell off a little bit so just to be careful around Tuesday uh maybe take some profits before
that and then if we don't get a very hot number the market might fly again so um keep your options
open perfect thanks Aisha and any final comment for yourself uh you were mentioning uh asking
before about you know what would uh cause uh for someone to sell their stocks and so on
and I just want to make a comment that for me it's um definitely the VIX and so I'm always
tracking that one um right now my rule of thumb is if UVXY which is a much easier chart to read
than VIX chart if that one uh does not drop below 6.9 and it just keeps basing there then I'm going
to get out of my long because it means that volatility is about to go up and this time is
going to go up you know VIX may start getting up closer towards 15 or something so um that's that's
sort of my um go-to indicator most of the time perfect thanks and okay big thank you to the woman
of wall street being up here with us today with Rachel Yeesha and our geese Kim and we had Vivi
came on as well just a great morning of trading I'm gonna keep the space open and rolling here
we've got our next set of speakers already up on stage a big thank you to those and I'm shooting
over our co-host right now to the new clay and to Mathis and those are coming over right now
perfect okay we're gonna roll into this next space stick around data honestly has been maybe the
hottest topic of the year yeah thank you Yeesha uh thank you guys yeah it goes right in hand
with I feel like so many of the traditional stock market stuff but also the crypto markets are hot
Bitcoin's over 47k uh it was over 47 and a half this morning Ethereum's moving there's a lot to
go off of here so stick with us we're gonna get right into it I've got the team already up here
I'm gonna get a couple of posts pinned up top um we're gonna start out with yourself though and
forgive me if I'm mispronouncing it Mathis uh but I want to start out with yourself introduction
getting into the cryptocurrency field and why this is such an exciting time to be a part of it
yeah thank you so much for the introduction man and uh thank you for having me here first of all
super excited about this one um so about myself uh I think it's easier to just call me Matt
uh I think my my mother really was early punishing me with my name um but math is fine so
um yeah actually I was a software developer when I was really young and I was developing in many
different industries using different technologies then I joined um a large company as a manager
management and um stayed there for around nine years and realized that big company politics is
is not really meant for me so I joined the startup and um there I got uh to know Ethereum
and that was like a big eye-opener for me it was it was crazy to me that was back in 2016 by the
way it was crazy to me that no one was speaking about this and um I started to to to to read more
about it I started to become part of communities I started to uh invest a little bit myself
and then at some point uh in early 2018 I met someone on telegram uh his name is Rashid
Azhaja and together with him uh we were so in line about what we saw with regards to challenges
and opportunities in this space and um we decided to meet face to face in uh in Brussels Belgium
because I was in the Netherlands and he was living in France and um so we met halfway in Belgium
and we spent a whole day there sketching ideas of how to how to improve this industry and that's
when uh alliance block was born that was uh 2018 still and uh alliance block was really building
an ecosystem is building an ecosystem of products incubating projects and doing this
for quite a while now surviving two crypto winters and during this time a project was initiated
internally known as data tunnel which recently got reprinted to nuclei and it's now massively
growing and getting traction and um that's uh what I'm going to talk about here today
perfect thanks mad appreciate the start there and a little bit on the professional background so
let's talk about nuclei here and it how it's conceptualized what motivated the creation and
really what it is and how you're taking advantage of this massive opportunity within the data space
yeah uh absolutely so I think would be first good to start with what's going on right now
like um December last year I was in Silicon Valley for the Silicon Valley Summit uh winter summit
and one of the plug and play analysts that are hosting the event um they presented that in 2023
six thousand AI startups were created six thousand that's a massive number and they have
a lot of things they have one thing all of them in common they leverage AI and they don't necessarily
empower AI and why this is important to highlight is that AI drives on data and without uh data AI
cannot cannot continue to grow cannot be um of much value and we cannot have any next generation
of AI like a new large language model like GPT uh five or whatever so we need to supply more and
more data especially seeing that we have six thousand more startups to uh to feed this data to
especially if we consider that in 2024 this year we'll most likely have seven thousand startups
who will do something in AI so with nuclei data with nuclei we are building infrastructure
for data collaboration data monetization and data sharing and we do this through uh
kind of a step-by-step architecture to allow business and individuals to go through a journey
of supplying data contextualizing this data so that it's proper can be properly understood
by AI models like large language models and then monetization and data governance in order to
make sure that when this data is leveraged for AI or other purposes that the data publishers
are fairly rewarded throughout the process which is something really important because if we look
back into recent news we saw that the New York Times sued OpenAI because OpenAI was using New
York Times articles to train uh trade their models on and they never paid uh they never paid New York
Times for this so this is something one of the things that we have to see infrastructure that
we're building so that is interesting right everyone's trying to train their models on data
and data is becoming a huge grab i talk with companies that their entire model is literally
just scraping data from the internet and then selling it to people you don't even have to
actually have uh the business is literally just selling people's information i mean i think the
grand example of this is what we've seen in social media where companies like facebook and other
companies uh google right they basically just create profiles on people and then they sell those
profiles and there's so many people are going to pay for it because it creates good targeted data
i'm curious you know as you're getting into this area how do you kind of stay true to
the ethical side of this it feels like the data marketplace maybe started with some decent
intentions and has become a little bit skewed would you say yeah absolutely and this is this
is something that is going on already for a long time even before um before this data was used to
train large language models uh we saw a lot of data scraping taking place for malicious intent
it really is um it's a step-by-step process uh we cannot change the world over time by introducing
a new data ecosystem but what we can do is incentivize platforms to allow users to contribute
to the platform like uh take a simple example stack overflow stack overflow is a platform for
developers to come together to ask questions about uh things that you run into and cannot
solve from their own or things that they want to get advice on uh it's like like kind of a forum
and then other developers can respond on that and help them out this is very valuable data for uh
uh ai models like large language models to be trained on um but the ones that really put in
the effort to come up with the answers are not really rewarded for the contribution uh besides
some karma points so if we can build a platform or allow this platform to submit this data into
an ecosystem when this data is used for training ai models that the money flows back to the original
contributors because it's uh it's it's submitted on chain not necessarily the whole post itself
because you have a lot of data that would be very hard to decentralize or to distribute
but at least um a trace of that post so that you can know who who contributed to this um and and
and uh when should it be rewarded for this when this data is used for uh creating new insights
training ai models etc and and that's a step-by-step process right yeah we'll dig a little bit deeper
into the actual training and how this happens and what data needs to be supplied but i want to just
give a little bit more background to this so what's the team look like here what expertise do key
members bring to the table how did everyone come together yeah so we uh nuclei started as a internal
project at the lion's block so we had a team from within a lion's block that had years of experience
working at the lion's block or other companies in the web 3 industry or data industry um starting
to work already on nuclei a couple of years back so i could say honestly we have a pretty experienced
team not only in web 3 but also previously working at enterprises with big data ai models
or ai products that now is coming beautifully together in order to power this ecosystem you
can see this in the beta that we recently launched on avalanche maynet where the core
functionality can already be used the monetization can already take place we have run well uh
distributed over uh over world basically but with the core in new trust in netherlands where we also
have our shared office with the lion's block
got it okay so i want to talk just kind of i i like approaching businesses from what is the
problem that is being solved i think that that's the best piece here and there's a lot of there's
a lot of data out there there's a lot of people that are selling data there's a lot of people
that are trying to train these models you talked about how you know like an open ai kind of got
that kind of got caught training on models that maybe they weren't supposed to in areas
and data that they weren't supposed to but when you break it down super simple i guess this is a
two-part question what do you see as the specific problems and solutions you're dealing with here
and then how what makes you stand out from other pieces to be honest i see in this area a lot of
potential for competitors to succeed because you might have a slightly different data set you might
have a slightly larger data set you might specialize in one area might be easier to train
certain things so maybe you can explain to us like this feels like an area where there can be a lot
of competition it has a lot of competition and it's actually a very perfect question
and i think what settles apart is the fact that we took a step back and we ground ourselves in
the real world because training in ai model or providing the perfect data for the next generation
ai models it's like kind of an end goal but there are a lot of steps to take through this
journey in order to get there so we take we backtrack all these steps and then we look at
the enterprises or corporate corporates that have massive amounts of data that's going to be used for
for for this training and then we have to imagine what kind of journey are we going are they going
to get through and realistically if you look at enterprises they have decades of data gathering
so imagine that you have any random enterprise that has collected data already for the past 40
years this data is in like 50 to 200 different data sources in different systems no longer
many data sources no longer maintained by people because they they are retired
they no longer work there and all these data sources they are they are so different and
everywhere that they don't have the overview so they can they cannot contribute to this end goal
because they cannot even get started so if you really look at step by step how uh nuclei
contributes as infrastructure through this as a journey we first start with our data access layer
which allows any data source to be published to the nuclei ecosystem without actually moving
the data which makes it very cheap very fast very efficient so the enterprises keep the data
on their surfaces and we just learn from the data what kind of data is it is it and we generalize it
then when we have all generalized versions of the different data sources you have like a foundation
to start from then then the next step what we offer is the right mechanisms and toolings in
order to start contextualizing this data and contextualization may sound very fake but what
i mean with that is explaining the data as deeply as possible so take for example spreadsheet in excel
context of your data starts with the first row the name of the columns now imagine that you want
to explain the data more it's just adding more information to that first row you can add more
and more and more it can go as deep as you as you want have explained like what the maximum
range is the the minimum what kind of limitations exceptions descriptions categories etc you can go
on and on and if you have this kind of proper contextualization you have like a foundation
to continue from that can help bring combinations between different data sets
that don't necessarily have compatibility with each other like from a very recent example
uh there was a company that had for example parts imagine they have a screw that has their own
internal uh part number in one data source and in another data source that same screw is identified
by the part number that the supplier gives it's exactly the same screw but differently identified
and through this contextualization we can make this screw the same screw again uh without
introducing new infrastructure a new data set and then with this layer you are ready uh you
you are you're powered to start the go to continue the journey to data sharing data monetization
and then uh training models because you have better contextualized data
all right so i love everything that you're saying but i got a really quick question and
like the information is gold now right like it's more it's more valuable resources than oil
you're talking about preventing people from data scraping how would that be accomplished or is that
just an ultimate goal that you know if people do you know guard their data and providing such a nice
pretty package you believe that people will stop you know stealing data and instead start paying
for it how would that mechanism even work yeah it's back to the example of uh stack overflow
if uh and it has to come from within the platform or for the users that are actually using the
platform that they want to force upon the platform to integrate mechanisms like this which
in very basic steps would mean that if a user would post something on this platform
they would have to sign a message with for example on a hash of their post so that it
can be traced back that this is verified verifiable their post that can be stored on chain
so that when that data is used by AI models it can be traced back to who is the original
publisher of that post and then they can be rewarded for it but there are many use cases
out there where the users wouldn't even care if their data is going to be monetized or wouldn't
want to go to the trouble in order to avoid that by having to sign in transaction or
whatever to you know an extra hurdle so it's going to be a really step-by-step process for
specific use case specific industries like for example in deepin there are a couple
more interesting use cases with data gathering from iot devices in automotive for example where
users can opt in to for this data to be pulled in one big data set and then when
access is purchased through this data set they can have a part of the revenue from that
but other than that will always be use cases that will always be through the old model can be
scrapable and no one will be fairly rewarded like i'm not going to say that we're going to
solve the world in that sense and it's a really long step-by-step process and it's a multi-part
solution like only solving this doesn't mean that the next generation of AI models will be
will be cool and secure and and and and saved it just means that the users that contribute data
to it will be fairly rewarded and that's why i put a lot of emphasis on this enterprises and
how to guide them step-by-step through this process because they have massive amounts of
data that are currently locked in their silos which is also very important right now because
we need that data we need that data unlocked would you say that that's your major use case
for the platform commercially yes because if you look at the b2b play that's where the money is
right but from a visionary standpoint the public ecosystem that nuclei is creating where everyone
can contribute data where everyone can collaborate on data together through data that they get it
through deep in from their iot devices that's that's like a visionary focus and and priority
so that's why we launched the public platform first but from a business development perspective
we are focusing on enterprises to help them through the journey on getting started with
private data sharing ecosystems i appreciate you you're putting that out and like well from those
i'm pretty blunt when it comes to this stuff so um i love iot data i love that sort of thing but
we can go back to history not very long ago and see that helium the largest decentralized iot
infrastructure in the world where they were able to make three thousand dollars um with that data
and there just wasn't enough money to go around by selling that iot data the real question is
is the play on the public to gain traction to gain eyeballs so that you can make the sale
to the big businesses because that seems to be the common thread nowadays is that kind of the
play and what you're looking for to incentivize these smaller users so that you can get a fan base
and essentially be found by the corporate players yeah you're totally right if you look at look at
it for a data set case by case basis there is not a lot of money that goes around that's why we need
to find as many use cases as possible where one individual can opt into many of these use cases
contribute to many data sets through different iot devices or activity on platforms that they use
whatever contribute to this data and collectively have kind of a more significant income and i have
to use significance very carefully because i don't envision this to be an income stream a serious
income stream for any individual in the sense that they can quit their job and generate data
all day and then you know they are their selves it's really here about ethics right they are at
least fairly rewarded and um i think we have to start with that for enterprises it's not about
how much money is generated from uh publicly selling data sets is getting this overview first
and helping to get them through this journey and no one is really focusing on that it's always at
the end go let's uh pop miss gecko oh unless you had any more of their action no it's the same
thank you love it love it yeah i know this is right up your alley go for it miss gecko yes
hi wolf hi matt i just hope it's okay i call you matt as well um definitely super interested in
this like wolf had said the data marketplace is going to be you know a huge topic for this year
everyone's going to want to get in on it and like he said there are a lot of competitors right now
and you had mentioned that as well and if we're talking about from the public point right now you
mentioned collecting data from d-pin from iot devices how are you going to differentiate
yourself from all the other people that are doing that all the other companies do you have specific
d-pins you're looking for specific iot devices are you going down a specific data set uh can
you talk a little bit about that yeah so our main focus is on um creating a standards um so that
we don't necessarily have to compete with a d-pin marketplace but rather providing them the right
rails in order to flourish for themselves we want all the marketplaces to rather uh go through our
protocol and through our infrastructure and help them thrive for their niche whether that's d-pin
or specifically d-pin automotive um uh then compete with them all i don't believe that that's
um really going to work out as you said yourself there is a lot of competition right now we don't
really don't want to reinvent the wheel um compared to others that already have done something
um perfectly themselves when you look at for example what really differentiates us is the
fact that we a we generalize so all the data that we ingest it's automatically in real time
transformed into a generic format so that between all data sets you know what you can expect not the
same structure but the same format and through uh b the metadata the enhancement of the metadata
the contextualization of the data and um uh action i think you said before that
data is the new oil or the new gold and i hear this a lot but i think really data is already
like our new oxygen right because frankly without it we cannot live anymore what i think is the
metadata that's the new oil that's new gold and it's so underrated so underappreciated and um i
was in a panel with snowflake uh day before yesterday and i was happy also that they underlined
um this exact same thing that metadata is is going to be massively important
already now but even more so in the next few years oh thank you so much appreciate that
yeah lukas hey guys so question is you're collecting data to put it on a block chain
and you're going to are you are you saying you're going to sell it like that or are you going to
put it on a publicly available blockchain and then i mean you keep talking about like selling
personal data and i've been in the data business for like more than i would say 20 years let's
say 20 years um you're not selling personal data you're selling anonymous personal data
right it's collections of cohorted data right uh this person falls into this category of you
know 22 to 34 you know and stuff like that and they're anonymous and these you know thousand
people minus their names and information really you know took these types of actions
like when you when you guys are collecting the data and like doing this on blockchain like why
on blockchain number one and then like what what's the difference between how data collection is
powered now like yeah i know there's big companies that control it like experience and you know
facebook has its own data collection services and basically every social media platform you know is
a data miner that then you know uses that data to then target like ads and things like that you
know so what do you mean by the user selling its data so like why blockchain and then why
why like how is this person actually a person going to monetize their data like what are they
going to do make like 20 cents here five cents there you know i mean like because data is
only as good in volume having having data on one person's not enough but in scale it's actually
really really useful what is what's the purpose of blockchain and then like after that tell me like
a little bit more about how you think a person or or you guys would be doing it and like
individually making allowing people to like sell their data to certain people
yeah i want to be clear that i never said that we are aiming to sell personal data and
and this is actually quite important because if we look at where a lot of opportunities are
it's data for example from the supply chain manufacturer data it's data that is very boring
very valuable especially when it can be shared efficiently and
trustless between competitors because in big traditional industries there is a lot of
disruption going place in automotive but also telecommunication providers and the one thing
that they have a competitive edge over startups that are going to disrupt this industry is that
they have massive amounts of data and they also are aware of the fact that they need to pull this
data together between competitors in order to benefit from this collected pool of data to train
their own models or collect their own insights from it to find new revenue streams or to have
like this hyper-optimized process or business model that startups will will not be able to
easily disrupt so these are completely different use cases that don't touch personal data per se
and when i speak about users collecting data and selling them it's it's not necessarily
or it's it's absolutely not data from social media or personal data but it's like data
when when we speak about deep in for example you have use cases already existing where you can
install a device in your car you just plug it in and it monitors or collects data about how you
behave as a driver in that car and that's data that can be useful for insurance provider the
car insurance provider to determine how much you should pay per month if you're a bad driver you
have to pay a little bit more if you're a good driver you pay a little bit less right and then
that data has reached the potential it fulfilled its use case but this data pool together in a
collective data set has a lot of more potential use cases that go beyond car insurance so then you
have users data but anonymized like it's not it's not really necessarily important or what their
name is how old they are and where they live it's really about how they were driving so this is
really what i'd rather focus on because there is already a lot of use cases around and solutions
around personal data but there is a lot of untapped data out there this may be a little bit more
boring and not suited for advertisement use cases or personal ads but it's going to solve
real-world problems or optimize traditional business models that are
endangered by disruptions right now so this is really what we want to contribute to and by
blockchain well there are two answers for that one is if we want to fairly reward contributors to
the data i feel like having having this on chain like verifiable is the only right answer to do so
but there is one very interesting organic need for leveraging blockchain or decentralized
technologies for data sharing economies if you look for example in for for corporation enterprises
that work together they collaborate on a data sharing use case meaning that they build a data
sharing consortium and like a couple of weeks ago i was talking to this large dutch insurance
provider that was leading a data sharing consortium with 25 participants and within there there were
automotive OEMs that were competitors of each other there was cities and other insurance
provider right sharing platforms etc and it cost 400 million to build this consortium 400
million euro and none of these participants trusted each other to run the infrastructure
for this data sharing consortium none of them allowed each other to host data and so they put
another participant in this data sharing consortium which was a large consultancy firm like you know
the likes of cognizant capture minai and they were made responsible to host this infrastructure
they were responsible to create back end services in order to do all the interfacing and stuff like
that and you can imagine where most of this 400 million euro is going because the only goal of a
large consultancy firm like that is to go into be to write as many hours as possible so there is
actually like this organic need to have infrastructure that can be collectively
owned collectively governed so that it can be trustless trustlessly run and as a final
answer to when you say you will you bring data on chain we don't bring data on chain we bring the
data access and the revenue flows on chain but the data it stays on premise of the one that provided
or can be centralized centrally stored on the data storage
and general provider of any choosing but we don't decentralized data or distributed ourselves
okay cool and then real quick so if i were in terms of data you were referring to it sounds
like you were doing like i want to you said scooter as an example or something like that
like in terms of transportation so if i wanted to like enter a space and i wanted to see some
competitive analysis and data sharing from like three or four scooter like e-scooter companies
i could like pull data from you guys and then determine whether or not i should enter that
space in that certain area of town or wherever and all that data will be shared in a perfect world
is what you're trying to say then right data like that business the business so i'm a business i'm
looking to enter san francisco i can pull data anonymously of course at scale which is why
you know that's the only really data is only as good as like how much it can scale so that's the
that's the kind of method you guys actually have it's business the business kind of data sharing
i mean isn't that i mean isn't that what it always is isn't it always business the business
like why does another person want to pull data on another person
um anyway especially anonymous data right so in theory this is really good for business intelligence
you know data stuff like that where you i mean you use data on every every aspect of business so
like doesn't really matter what kind of a company it is it it optimizes no matter how much data or
competitive analysis you have you have an upper hand on your competitor that means you you know
that's a data analysis tool so question is um so it's basically that kind of a tool you're
saying it's just a regular data analysis tool and it's not the data is not on chain
but the just the revenue flow is between that and you're basically taking a middleman out
of a consultancy so that you don't actually have that huge cost and i definitely know how
much it costs for sure it's very expensive to have a third party in there like managing the process
but it's also because they have insurance right they have the ability to be a third-party
objective case study and they have insurance so that things if things go wrong data leaks
there's someone to hold accountable and you know also to pull from their insurance now if you don't
have that and data leaks then what right like at the end of the day like that's a problem i would
say um so taking the third party out that is basically your your freedom of like having to
worry about like a you know a lawsuit or something like that is just i would be concerned about if
you're using using this like third-party trustless system whoever set up the third-party trustless
system which they you know someone actually has to sign up for that would probably be held
responsible but i'm not sure like i'm just i'm not a i'm not a obviously a lawyer or anything like
that i just know data leak data leaks could destroy a company like 23andme is a great example
they had their data hacked and um you know they basically went from a six billion dollar company
to like a penny stock like overnight so yeah so i agree with you it's a it's a b2b play largely
where the money flows from one side to another that's usually business to business so absolutely
no disagreement there and when it comes to large consultancy firms that are incentivized to raise
as many hours as possible um i don't think there is a realistic way to cut them hundred percent out
of the equation um that's also just not going to happen that's why actually we are partnering up
with um some strategic consultant firms um that we collaborate with um in order to integrate
this infrastructure in corporate or enterprise data sharing consortiums so we cut the cost
and we can cut it significantly but we cannot bring it down to zero and when it comes to security
you have um in theory better security if you have the access management um decentralized
so to give a very simple short example um is if you provide access to your data to someone else
you have to share an access key and um of course there are a lot of ways to share this access key
security um but eventually the receiver the ones that's going to fuel the access key
can theoretically be very uncareful with this access key and store it somewhere um not securely
so that it can it it can leak and if you apply a proper encryption and distribute the access key
and apply a mechanism where only a wallet that purchased access to that access key can use that
access key without ever viewing it to access the data you will have less risk of data leaks in that sense
let me pop in because we haven't really touched much on the token and how that factors into this
obviously that's something different than a lot of you know traditional data marketplaces probably
will not have a token um so you guys aren't introducing one can you go over um where you
see the need for the token the purpose some of the use cases there yeah i think it's very simple
utility one of the most simple most effective utilities in my opinion is our native network
tokens and this is a native network tokens you need it in order to run a validator you need to
stake the token and you need it in order to pay transaction fees on the network so fairly
straightforward and simple but robust utility for any token
and what are some of the plans i guess kind of road map wise with both the company and the token
throughout 2024 what are the major points to hit and so from a technical perspective we have
started work on the on the blockchain technology itself and i think it's interesting to
to mention the fact that we are not creating another evm fork or or clone we are leveraging
actually avalanches hyper sdk technology which is very recent and allows it provides a very bare
metal blockchain architecture you have to build everything yourself on top of that but it allows
interoperability with avalanche subnet ecosystem which is perfect for deploying
private data economies private data networks that can interact with the public network
so that's why we chose that but it also means that it's not compatible with anything out there
no no wallets no block explorers like it's really something novel in that sense
so we started working on a proof of concept in q1 we expect we have the very early testnet release
and we already launched the beta platform of the the core application that will eventually
leverage this blockchain and from like a go-to-market strategy and business development
perspective we are targeting now the automotive sector because we've well we already have a good
network there but we already see it's a very traditional industry that hasn't really made
big moves when it comes to data collaboration and they are ripe for making next steps or making
any steps there but it's it's a scary process for them and that's why we we we really really find
it important to provide this step-by-step infrastructure for them to slowly get them
started with this journey and we want to do is because we see there is a lot of opportunity
when it comes to automotive or mobility in general
perfect and then i you know when you go to the website there's a variety of large names that
it's listed as you know working with you already chain link you know obviously alliance block
plug-and-play datamies curious are there any other forthcoming partnerships collaborations
large companies that may potentially be working with you as much as you can speak to it
yeah so um a few days ago i was at an event where we were selected as one of
only five startups in stuttgart germany to hold workshops uh to a lot of players
large players in automotive teota porsche uh mercedes foxwagen and uh we learned a lot from them
with regards to uh how they would approach um the kind of data sharing journey what kind of
problems they run into um so we have follow-ups with them and of course i'm not saying that we
will have anything tangible with them i absolutely do not want to say that but it's exactly the kind
of journey that we are going through right now to have these kind of talks with this kind of
enterprises um in in the next few months to uh start forming a poc proof of concept with uh one
or or or a few of them and when when it comes down to partnerships uh like i mentioned before
we are starting to um uh we have already announced the partnership with insight
insight strategic consultancy firm and we have a couple of others in the in the pipeline that
we'll announce in the coming weeks and these are going to be very important because in the end
like if you want to work with a big name like mercedes uh let's be honest here guys they're not
going to work with the 20 percent startup from uh in in web3 they need someone that they can trust
and that they feel comfortable with in order to actually do this proof of concept so for this um
you can expect more news got it another question a little bit of a different vein i'm curious
having been in the space for a little while what do you think the biggest challenge is well it's
going to be really the toughest over blocks the blocks overcome not just this year but i guess
throughout kind of the lifetime of the company and what are some of the things that maybe haven't
arisen yet but you could see arising as problems in the data space it's actually funny that you
say that i don't want to go back to what lukas mentioned earlier uh one of the biggest challenges
is we speak about data collaboration and data sharing the first thought is always personal data
so we always need to overcome this initial hurdle that there are many many more use cases out there
that are not so scary we don't immediately have to grab gdpr and see what's going to be possible
it was not and secondly and this is also very important and people always forget about it in
web3 themed spaces is if we want to have adoption from corporate and enterprises we cannot um they
are never going going to use the platform if they're going to have to interact with uh metamask or
uh if they have to deal with cryptocurrencies way too scary way too difficult and a wallet where
they have self-sufferenity over the private key is super scary for it departments it doesn't fit
in any it policies so the biggest uh uh uh focus for us on that part is to obstruct away for
enterprises and optionally of course these kind of hurdles so uh true account abstraction and
single sign-on uh true true true uh corporate managed email addresses we can uh and banking
integrations we can make it feel like a web2 environment but still use and leverage uh
blockchain technologies uh because otherwise they're never going to use it that is why we
had a uh announced partnership with brilliant a couple of weeks back which is building exactly
that kind of wallet and they're gonna officially integrate support for the nuclear blockchain
and they are exactly the kind of wallet that would would fit well in enterprise environment
yeah part of that web3 side of things like you're saying you know kind of writing the
fine line i think that's where everyone's getting to right we want to make this easy onboard
but still use the technology well a big part of that is the community side of things from
what i gather and so i'm curious how does the community fit into all this how do they give
interactive feedback where is the community base how big is it those type of things right now
because obviously like lucas said the main play here is business to business but if you're in the
web3 side of things typically you're trying to build that internal community as well yeah to be
honest i think we do well we have a daily drawing following on twitter and telegram
uh we are part of the community and i absolutely think we are doing a good job there
and when it comes to how to involve the community we are going to start a couple of competitions
in the near future around community data sets so collectively owned data sets and how to contribute
data to that through for example reviewing projects in in web3 stuff like that and
because the contextualization layer on the nuclei platform so where you can enhance the
metadata is also a publicly accessible layer meaning that in kind of a wikipedia style
everyone can contribute to metadata and be rewarded for that so this is how we are also
going to actively involve the community and not just be a token holder
got it okay makes sense i'm looking through kind of a few more pieces here
just if anybody hasn't gone on the website i encourage you to look through it's got a lot of the
information that i think you can go through pulling back from the company itself where do
you see the whole world of crypto going this next year or two uh in in in what sense uh sorry if i
misunderstand in sense of uh evaluation or in sense of where the where the hype cycle is gonna
yeah yeah where people are yeah i think both of those plus a little bit on what areas are
going to consolidate what areas will expand um how does it look different in a year or two from
where it is now yeah okay i can i can definitely unleash my inner d-chain for a moment um so
for me uh nfts uh combined with art uh is not gonna make a huge comeback um i think and i'm
really firm believer in this when we uh what we witnessed in the last couple of years we saw
unsustainable yield um and for me tokenization of real world assets is going to be a very important
one in this cycle and of course we see the rwa narrative already popping up everywhere
and i think that's really for good reason uh tokenization of real world assets really physical
assets like art collectibles cars uh really the luxury items and being able to collectively
invest in that is a huge opportunity opportunity because that yield is sustainable because you can
touch it you can see it it's there it exists it cannot it cannot fall apart when an algorithm
falls apart right so um uh this and obviously the whole industry around data and intersection
with ai are going to be like the most important narratives for uh for this cycle but also going
to be the most sustainable narratives for uh the time after that
got it okay sorry i wasn't sure if you were done there all right so we've got uh a little
right around 10 minutes left to chat with you here i think we've gone over a lot of the major
topics here for those that kind of missed it in regards to what the company does what the
goal is here what's happening with data some of those other pieces i want to go a little bit into
maybe maybe if i if i can continue on my d gen track for a moment oh yeah please
because when i when i joined in we weren't speaking about data yet it was about uh it was
about the current state of the market it was around what's bitcoin gonna do um in um in the
in the near future right and it was at like it will be hard to take uh the 68k level and when
the previous cycle started my my prediction for bitcoin was 69k for one really simple reason
is is the meme number right 69 of course is going to be the top of the cycle because everyone is
going to sell on that because 69 nice wait wait what does 69 mean can you explain that to us
action this is a family show my children might listen in man come on
so actually my daughter is next to me so
so i actually wanted to hear your thoughts on this for this cycle like i do believe that it's
gonna it's gonna break through right but it's gonna have a really hard time to go through this 69k
again yeah i think that that's you know being the high point that's kind of a natural point
of resistance but i think we have quite a ways to go until that we haven't really sniffed 50k
i mean besides that one day or hit hit up to 49 off those etfs launching actually that's a good
question for you mainstream adoption is a lot of what this all hinges on we saw the etfs that kind
of are now bringing more money into this ecosystem are there any other items that you think are going
to lead towards more mainstream adoption like someone basically looking at and going why should
i go with your firm which has the web 3 aspects versus you know a traditional data marketplace
that i've kind of always known what are some of those pieces that you could see approval happening
in yeah so for me what's really funny is that this industry is waiting for compliance
and it's really rare because many other industries they lose momentum and valuation once compliance
comes right but here it's necessary and a lot of big players are waiting for it because there is
a lot of uncertainty what if you do x you might get slapped with y and end up with whatever
and we see this every day because i helped out building a tokenization of real world asset
platform and we were onboarding like really traditional people that had really expensive
paintings and then the first time that they receive money in cryptocurrencies they get
blocked for six weeks because the compliance is like they do a lot of unnecessary extra things
because there is not a clear set of rules so no one wants to take risk which is really annoying
for institutional and high net worth individuals to then participate in this industry right so i
think if if we have compliance we have clear set of rules that allow easy onboarding again
we will have more chances of adoption of institutional finance and high net worth
individual action all right so now it's all coming together for me so the reason why this
i mean correct me if i'm wrong but you're tokenizing data is what you're essentially
doing ultimately like we're you know like you're just talking about tokenizing real world assets
it's the same thing you're essentially trying to tokenize that data and sell it on the marketplace
and attach a token to it at its core is that fair is it is it a fair assessment
um the partially so yeah it's part of it but it's a feature it's not the core of it it's actually
it's optional if you look at uh private data sharing economies monetization doesn't even have
to be established involved in this process but but ultimately like the idea is to be able to
gather um you know value or you know increase that token price based on the data assets that
are available on a platform right i'm not necessarily sure what you mean by token price
in this context essentially like the the valuation of your of your project um if you're
launching a token to go along with it like you said that there might be there's a utility token
to go around it maybe i understood that incorrectly but that utility tokens price is directly tied
with the the data sets that are going to be monetized on your platform okay i see no no
not really it's really the the actions that take place on the platform because it's a network token
and that means that the more actions take place the more utility the network has
the more the token is needed but if there are a couple of data sets worth billions and they're
actually being purchased on the network that doesn't mean that the token is needed more because
the data sets no one it like essentially almost no one wants to buy a data set with a native
network token they want to buy it with dollars or euros right okay that's a really good explanation
so essentially um the upside potential of the token itself has nothing to do with the value
of the organization with the value of the project and everything to do with the volume of transactions
your absolutely absolutely yeah appreciate you clearing that up
yeah good clarification do you plan on uh continuing to hire and expand out the team
for this and then do you also i mean there's the token here do you think you need to raise capital
outside of that yeah so uh to answer the question first about raising capital we actually
had public rounds that we raised with uh the alliance block community because this project
was born at alliance block so we gave them the opportunity uh to participate instead of uh
feces right and um that was a massive massive interest we had a first round of 750k that was
sold out in 60 seconds um so the the community uh from from alliance block is uh already powerful
community for nuclei as well and um the second part of your question around hiring uh yeah we
are definitely actively expanding our team uh we're looking for data scientists and uh developers
uh data scientists to give more body to use cases that we are exploring and developers to
help work on specific products modules that we started that we want to start working on
additionally but we don't want to expand too fast because from my experience if you hire too many
people in too fast of a time frame it will not be effective and no one will be brought up to speed
and everyone will be uh not be very efficient perfect okay i think we are ready to wrap up here
um for the audience go check out the post that's pinned up top walks you through the entire
business development update you can play in silicon valley the autobahn startup accelerator
and a lot more this is a company that has depth and i honestly think that data is going to be a
huge play going over these next few years i'm essentially far into the future past that
i know action lucas misk echo people like that certainly see the vision with that being said
matt any final comments and any uh call to action you want to point people towards today
coming out from this ama yeah i want to um i want to really give you huge compliments for this
spaceman this is one of the best spaces i've ever been to uh purely on the way that you set it up
with uh uh speakers that actually know what they're talking about and that give questions
that are not necessarily easy are not about hyping but are really trying to get to the bottom of it
i really appreciated that i followed all of you uh lucas action misk echo uh already fan of you
guys thank you so much for having me here it was a really good experience perfect well thanks so
much for coming on if anybody from the audience has follow-up questions feel free to just DM them
directly over to matt that's going to do it for this space i'll be back on spaces at three p.m
eastern talk a little bit more about this market thank you everybody thank you action thank you
lucas thank you miss gecko everybody have a great friday