00:00:00
this stuff isn't easy you know we all
00:00:03
want stocks to go up or down on command
00:00:05
but remember it's a probability based
00:00:08
approach I buy 10 stocks and I hope six
00:00:10
of them go up and four of them I expect
00:00:12
will go down I hope I don't hope they go
00:00:13
down but I know some of them will if you
00:00:16
want the perfect pick it's just not
00:00:17
possible I will say that when I worked
00:00:21
at this hedge fund we had a best stock
00:00:23
of the Year competition we did every
00:00:26
December and I won two years in a row
00:00:28
the two years I was there and they were
00:00:30
upset the first year I won with drug
00:00:32
stocks was a tech fund and they're like
00:00:35
ah these drug stocks it's different I
00:00:38
said hold up I got something for you and
00:00:41
I gave him two tech stocks and I won
00:00:44
again good data it goes from it was up
00:00:47
20% pre-market did you guys see that
00:00:50
what a trade huh I don't think it's that
00:00:52
hard to get
00:00:53
Citadel better be smart I don't know if
00:00:56
you're good enough to get into Citadel
00:00:58
probably means you're good enough to get
00:00:58
into Nvidia or you know some other place
00:01:00
like that just Elite is Elite it doesn't
00:01:02
really matter what what you do with it
00:01:04
you know all right maybe I'll buy more
00:01:06
of these calls and then start selling
00:01:08
them if there's
00:01:09
a if I should track beta or what exactly
00:01:14
but these are the 30 calls okay uh I've
00:01:17
had beef with Mark cubin his um we have
00:01:22
a mutual friend who's trying to squash
00:01:24
the beef so but I think he is I mean
00:01:28
look
00:01:30
my honest opinion is that he's got some
00:01:34
personality like flaws and I'm not
00:01:37
saying that I don't but like his are
00:01:40
fairly obvious I think he loves being
00:01:42
the center of
00:01:43
attention um I think you can't help but
00:01:45
in certain himself into stuff that is
00:01:48
not what I do um so mad actra is uh I
00:01:53
can't make heads or taals of him other
00:01:56
than he's about to lose $70 million to
00:01:58
me what are we talking here comp Le
00:02:00
projective space the basic concept is
00:02:03
isn't this the basic concept you guys
00:02:05
all know so if you want to talk about
00:02:07
the complex projective space we should
00:02:08
probably just talk about the projective
00:02:09
space first what do you guys think you
00:02:12
guys ever paint perspective you guys
00:02:14
ever do the vanishing
00:02:16
point let me draw you my beautiful Excel
00:02:19
everything has to be drawn to the
00:02:22
horizon line the vanishing point and
00:02:24
after a while you can if you get if you
00:02:27
practice this you can sort of get good
00:02:28
at we we learned this in my high school
00:02:31
um art class we're drawing some pretty
00:02:34
nice stuff after a little while oh
00:02:39
Viking always a little early that's my
00:02:42
claim to fame always a little
00:02:45
early so the hope is you know you buy
00:02:48
these uh calls right and then you end up
00:02:52
um where am I 94 CS going to buy a bunch
00:02:55
of these calls pray for a bounce order
00:02:59
filled and then short a bunch of it
00:03:02
bunch of the
00:03:03
uh
00:03:05
29s so 29's um this should actually kind
00:03:09
of work so I'm long 34 calls not many
00:03:12
what I'm trying to do is something a
00:03:14
little tricky here let me get my average
00:03:16
down a bit more too Jane Street's
00:03:18
willing to sell me all these big mistake
00:03:20
Jane Street uh I want to buy more Viking
00:03:23
a little bit more little nibble ail
00:03:26
little nibble okay reddits $19
00:03:30
let's make a brand new worksheet we're
00:03:31
going to do this in Excel maybe we
00:03:33
should do it in godell Excel we can't
00:03:35
make an opinion on the stock until we
00:03:38
look at the financials we can make an
00:03:39
opinion on the company and their product
00:03:41
but really no no opinion can be formed
00:03:44
yet on the company on the company's
00:03:47
stock
00:03:48
because the stock is uh a mathematical
00:03:51
thing it's not
00:03:52
really something where we can say it's
00:03:56
cheap or expensive based on some opinion
00:03:58
about the company
00:04:00
product can't really do that yet doesn't
00:04:02
make sense we don't even know how many
00:04:04
shares that standing they have yeah of
00:04:06
course I have a lot of stories about it
00:04:07
gaming among us
00:04:10
but some SE Secrets should stay secret
00:04:13
all right so 18 billion market cap does
00:04:15
it sound right does that sound right to
00:04:17
you guys they have class A and Class B
00:04:19
so I want to make sure that class
00:04:20
they're both economic
00:04:22
Shariff half a billion in cash no debt
00:04:26
no shares outstanding this is when they
00:04:28
were private adma was my highest
00:04:30
conviction trade it's now I guess I
00:04:33
should put in there sale I do think adma
00:04:36
will have a good quarter I don't know
00:04:37
how if they'll beat or not beat I think
00:04:40
the whole whole expectations game is a
00:04:42
little stupid yeah if you need personal
00:04:44
finance advice I'm not the guy humre is
00:04:47
your guy I I do
00:04:50
stocks
00:04:52
so and other other sort of financial
00:04:56
analysis I don't do um personal finance
00:04:59
actually don't know anything about
00:05:00
personal finance so care about 401ks or
00:05:04
Roth IRAs or something like that that's
00:05:06
not my Lan personal finance is uh
00:05:09
something that's always been a bit of
00:05:10
mystery to
00:05:11
me that is the
00:05:13
[Laughter]
00:05:14
trick but but I do think there is a huge
00:05:19
benefit to understanding that stuff huge
00:05:22
I've had friends
00:05:23
who've maxed out their 401ks Peter teal
00:05:26
famously has A5 billion 401k or
00:05:31
something like that tax free completely
00:05:34
so there's definitely a huge advantage
00:05:36
to knowing that kind of world I just am
00:05:39
too autistic to care um but you should
00:05:42
care so Market's about to open I'm
00:05:44
trying to get this call spread off but
00:05:45
it's not working um long vktx which has
00:05:48
been you know it had a really bad day
00:05:50
yesterday so I'm hoping for the
00:05:52
Snapback dat was pretty good actually I
00:05:55
love looking at new like just looking at
00:05:56
the tape and occasionally like a new
00:05:59
stock will pop up and I'm like oh yeah
00:06:00
yeah I got to look at that one I'm
00:06:01
thinking about shorting Nvidia Astra
00:06:03
zenica must have reported I have to look
00:06:05
at that oh Astra Zen's China president
00:06:07
under investigation people are really
00:06:10
focused too much on I buy Astro zenica
00:06:12
on that
00:06:14
dip let's do that what do you guys think
00:06:17
ADM is a great company um it's obviously
00:06:21
recovered from its weird situation with
00:06:23
its
00:06:24
auditor um it's a it's a long I don't
00:06:28
know that you want to buy it
00:06:30
order partially
00:06:32
filled order filled I'm not sure it's a
00:06:35
buy for today and tomorrow it's a buy
00:06:38
for like the next year and it's a buy as
00:06:41
like a relatively small position so be
00:06:44
careful should we buy some Astro zenica
00:06:46
calls should we go YOLO yeah paler is a
00:06:49
really popular stock lots of momentum
00:06:51
this is the kind of stock that works in
00:06:52
today's stock market eventually it's
00:06:54
going to get pretty ugly uh I would not
00:06:57
be involved in DJ stock it's pretty
00:07:01
toxic so Reddit Revenue
00:07:04
growth 54% gross margin 84% 90% this
00:07:09
quarter last
00:07:11
quarter uh not quite profitable by Gap
00:07:14
but probably very castal positive that's
00:07:16
my
00:07:18
guess oh man my astroica is dumping stop
00:07:21
it yeah they've got a couple of issues
00:07:23
going on Astra zonica has always had a
00:07:26
problem with Chinese fraud for some
00:07:28
reason I don't think it matters that
00:07:29
much
00:07:30
uh I think you should be careful buying
00:07:32
a Stocker on earnings because that's one
00:07:34
of the four most important pieces of
00:07:35
news it has I'm a big Michael milin fan
00:07:37
all right let's let these positions
00:07:40
cook I think we can get 75 or 80 for
00:07:43
vktx but you know I think I think it's a
00:07:46
good core long it's kind of like adma I
00:07:48
don't mind being a little super sized uh
00:07:50
the AMX drug doesn't work and it's sad
00:07:52
that the FDA capitulated to patients
00:07:54
patient pressure patients are not
00:07:58
medical professionals they should not
00:07:59
decide what drugs come out I know that's
00:08:02
very like anti- libertarian to me or
00:08:05
anti- uh freedom but that's just how I
00:08:07
feel I guess I appreciate power aen is
00:08:11
astroica sometimes known as lrozen or
00:08:15
fastro zenica depending on whether it's
00:08:17
going up or down the account's 160k
00:08:19
we're getting to a Mill by year end what
00:08:21
do you guys
00:08:22
think let's
00:08:25
go
00:08:27
harambe and of course we got peanut
00:08:30
and we got Fred the
00:08:32
raccoon there the homies the squad right
00:08:34
there Squad stuff you know I'm trying to
00:08:37
buy the fear and uncertainty in Astro
00:08:40
zenica is a good good thing to do buy
00:08:42
fear and
00:08:43
uncertainty and sell on the certainty I
00:08:46
don't think that
00:08:48
they're this China probe is going to
00:08:50
really really lead to anything you know
00:08:53
they're they have a big China
00:08:56
business but it's not that big and it's
00:08:59
not not going to really fundamentally
00:09:01
change the company over a long period of
00:09:04
time if they get banned from doing
00:09:05
business in China I mean or partially I
00:09:08
think they'll be fine there's like 10
00:09:10
Astro zenica headlines you can buy two
00:09:12
stocks if you were attracted to two
00:09:14
different stocks it's not monogamy all
00:09:16
right so billion in
00:09:18
Revenue growing
00:09:20
rapidly 10 times Revenue reddit's not so
00:09:23
bad I could see why it's gone up so much
00:09:26
oh it's 20 billion yeah 10 billion was a
00:09:29
good price forit 20
00:09:31
[Music]
00:09:34
billion I don't
00:09:39
know 50 bucks a user weekly
00:09:48
user 200 bucks a daily user daily active
00:09:52
users weekly active users okay I was
00:09:55
going to look at some Alzheimer's stuff
00:09:56
too we're bullish Viking
00:09:59
we're up on Viking a very small amount
00:10:01
this is
00:10:03
actually the second edition I actually
00:10:07
read the first edition bottom is in the
00:10:09
scr
00:10:11
bottom let me see 66 I see a dip I buy
00:10:16
it you guys in a super hot
00:10:19
fire let's go get baby I sold your
00:10:22
favorite
00:10:23
stock I SED it Psych the problem is my
00:10:28
brain works too too fast I'm always
00:10:30
about
00:10:31
10 minutes to 6 hours ahead of everybody
00:10:36
else cuz it's light speed
00:10:40
[Music]
00:10:42
baby I'm not willing to short imora just
00:10:44
so you guys not understand you know what
00:10:48
I got to put that down in the
00:10:49
recommendations I've been really lazy
00:10:51
with these recommendations I really need
00:10:52
like an assistant that wants to stay on
00:10:54
top of anybody in New York looking for a
00:10:57
low paying difficult job let me no but I
00:11:00
am closing out neora okay it's over this
00:11:05
is the classic bottom formation bottom
00:11:08
formation Delta I'm just kidding but I
00:11:11
think this whole move reverses this like
00:11:13
literally this whole move like we get 71
00:11:16
yeah I'll be in the office with the
00:11:17
staff co-workers the boys oh I have a
00:11:21
job I'm uh I'm the CEO of a software
00:11:24
company called DL
00:11:26
software we have some job openings if
00:11:28
you guys are interested
00:11:31
dl. software we're looking for full
00:11:33
stack Engineers New York San Francisco
00:11:35
dl. software or you can send me an email
00:11:38
Martin dl. software send me a resume and
00:11:42
life story and I'm happy to take a look
00:11:45
make sure you sign up for
00:11:47
godell I'm going to do some custom
00:11:48
stocks for every godell user
00:11:51
later go to godell terminal.com better
00:11:54
than Bloomberg keeps the stream going
00:11:57
sign up now prices are going up soon
00:12:00
lock in your price as soon as I get a
00:12:02
couple of patches I'm gonna upgrade it
00:12:04
to 80 bucks we have options Futures and
00:12:07
international stocks coming out soon at
00:12:09
that point one more do you need we have
00:12:11
earnings estimates rolling out they
00:12:12
either rolled out already or they're
00:12:14
rolling out today I forget news is up
00:12:19
and running and
00:12:21
fixed um yeah so a lot of good stuff
00:12:23
going on over codell I got to go in nine
00:12:25
minutes
