All right good morning, everyone and welcome back um, quick review from yesterday um abus. You know this is that uh. If you remember yesterday, i spent a lot of time kind of begging you, you know: hey midday late day, type idea so apus. Now i bring up abs because abs still in play today but um.

You know this is what you look for, especially on those slower days that you know that big rip early pulls back, consolidates and then you look for that secondary move. That confirmation, you'll hear me say, prove itself, you know so look for similar. Today i mean i mean we got dwac interesting by the way. Well done, you know a lot of you guys brought that up yesterday.

I did bash it, but we had no way of the the capital raise coming, but um, but anyway abus that pattern. Yesterday, please, you know midday late day, high volume confirmation sketchy biotech. That's what you want to look for. You know.

You know if, if you're determined to trade, something you know again, i know i was very cautious yesterday. That being said, i do like the way this is basing at five uh keep an alert at our eye on this over that 550 level. I think that could uh establish a day, two move. So then, speaking of the main watches, i mean abus kind of a back burner, so phu1.

If you remember this ran with dwack a couple months ago, whenever dewack did the spec big ripper pinned the high of the day into the close last night that was kind of interesting to see. If you were on last night's webinar, you know what i was live at. You know from 7 to 8 p.m, and i'm like man, this thing's gon na, pin the hide so that that, when i say, pin the hot, that's our that's our level! We're looking at you know that 450 460 area um, you know basically - and i know you know you can you know, listen. I know it's the previous days close.

Obviously i know it's 3. 27. Okay, but we're basically pattern wise, we're trading a week, open, ready, green, but we're looking at that 8 p.m. Close now, i normally don't do that, but this thing went wild in after hours, so textbook wise terminology, wise jargon wise.

This isn't a weak, open, ready, green. It's it's more that pattern. Imagine that you know that 450 close was the 4pm close. If you got the ebook which, if you don't, have the ebook at this point, what are you doing with your life? But that's that's the what we're looking at and this would probably be obviously very early.

This is my number one ph e1. Now dwac going back to yesterday. Again we didn't know the news was coming. If you knew the news was coming, i'm gon na i'm gon na call the sec and i'm gon na report you for insider trading.

Okay, nobody knew this was coming okay. Now i stand by what i said because listen and i'm sure there's plenty of you saying. Oh tim, you blew it on dwack. Yesterday.

Listen at 3. 30 p.m. This was sitting on the low of the day. Okay, so i'm a big boy, i'm no! I i i i consume almost zero soy.

Okay, i'm not one of those memes with the you know. The soy boys with the mouth open - you know you can say mean things to me. I won't cry, i won't get upset. I stand by what i said.

Dwack was on the low of the day at 3, 30, and the only way, if you knew this information was coming was, if you were insider trading, so enjoy your pending. You know discussions with the authority, always tell the truth. That being said, we've talked about that 60 band forever on this okay. So if you were here months and months ago, you know we, we we've talked about that 60 break forever.

I mean basically all of november. This has just been consolidating consolidating consolidating just under 60.. So when we talk about technical analysis, support resistance, etc, i think that 60 break is going to be significant. It's basically also a dip and rip.

It's also that whole dollar half dollar, it's also an area where a lot of the bag holders go green. So i still prefer p-h-u-n now you why, okay, why p-h-u-n over d-wag, it's just lower-priced, i mean remember one of the biggest i mean if you've ever maybe you've noticed this. Maybe you haven't okay, remember every time a stock, well, not every time, but the majority of times that a stock runs 200, 300, 400 percent, 99.9 percent of the time it's a one dollar stock, it's a two dollar stock, etc. Okay, why is that? Everybody with small accounts can buy a boatload of shares so degenerate day, traders, fomo bros.

You know all the people that we like to profit from tend to pile in to the lower price stocks, because they don't want to buy 10 shares of dewac. They want to buy a thousand shares of phun. So that's now now they're, basically the same setup. Okay.

They ran together social media kind of a quiet day out there again they're the same at the end of the day. Setup wise are the same. I just would tend to lean towards phun simply because the bros love low price stocks that that's why they move like they do all right. So there's my three main um is bfri dead.

Probably ah i'm getting trolled come on. I mean i. I commend you for the troll attempt. I mean i mean what what what signs of life are there.

Okay, this thing is, is it's it's. It's filled the gap to the downside, all the bio i mean the biotech bubble has burst all week. We've talked about that. Okay, all these offerings i mean understand.

I did i sang the wheel in the sky. It keeps on turning the other day. Okay, the biotech bubble. You know they run them up and they do the offerings and then a month later, two months later they run them up, they do the offerings and that and that cycle just repeats and it repeats but understand when the cycle is over, i mean look, the volume Is imperceptible? Look at that! You can well, of course, now my head's in the way.

That's the only bad part about moving the webcam. Anyway, look at the volume candle for yesterday, it's practically zero. It's broke support, it's filling the gap to the downside, so maybe you're trying to troll me. I don't uh thoughts on peloton.

You know interesting, so i'm a big fan of the the fitness technology type stuff. So it's actually kind of interesting. You brought up peloton because we're going into the holiday season. This is starting to base a little bit and what i would look is you know this is kind of a little bit more of a swing, trade idea and here's the thing you may or may not agree, but i think we're go we're headed towards lockdowns.

Again, i mean i wan na i wan na rephrase. I hope i'm wrong, okay, you know, but it's like if you shake that magic - and you know i've said i said this a week ago on my personal social media. Okay, i think if you shake that magic. Eight ball and you're like magic, eight ball.

Are we going back into lockdown the little thing that pops up that says all signs point to? Yes? Okay now i hope i'm wrong, but it sure seems like all signs point to yes. So if you remember peloton was a huge runner during the last lockdown. I think if this can break 50, you risk the lows down here in the 40s, and i think that this could potentially look to kind of fill that gap to where they blew it. On earnings, okay, so remember this big gap down was a: was an earnings miss? So if this can consolidate break 50, you risk down in the 40, you risk that that that breakdown level i now this isn't.

You know, i'm not saying it's going back to 80. Next week next month, but this i think that if, if we go into lockdowns and the the stay-at-home fitness comes back, i think next summer you could have a gap. Definitely now i don't know if that fits your time frame. I mean most of you, are you know, day trader mentality, and you know you want.

You want 50 gains in a day or a couple days, not six months, but from a swing. Trade perspective, love that break on on 50 on peloton, so piton from a technical gap fill perspective like this over 50 risk on 40 lads, especially if we, if we get more lockdown restrictions, etc and again, don't yell at me. Listen hey, i'm a freedom guy! Okay! Don't don't don't misconstrue that, then i think it's a good idea, it's just they did it to us once i mean understand my friends, those that fail to learn from history are doomed to repeat it, and we have seen this cycle repeat and repeat and repeat when They, as in the government, does something it's like raising your taxes. Okay, uh a hundred years ago when, when, when they first raised people's taxes, there was rioting in the streets, boston, tea party, you know all bad things happened when they raised taxes.

Now your taxes go up every year, your property taxes every year. Do you get more? No, your income taxes. Every year they go up. You get more, no, your uh automobile registration every year.

It goes up gas taxes. Every year they go up. My taxes always go up, but i get no new services and the roads are still a shambles and and and it just it's so so once they do it once they will continue to do it until it doesn't work anymore. So there's your philosophy of the day.

So a lot of you asking about omer. Thank you alex. I will finish on omer. I aim to please so all right.

Let's take a look. You get. Obviously, you guys don't want to hear the philosophy omer, let's break her down big gap to fill from 10 to 14.. A lot of bags in this from the gap down gap to fill back up to 14.

kinda low flow 60 million float 3 million shares. Okay. Well, yeah, but it's 3 million shares of like 5 million 3 million shares traded good volume. What is the pr? Oh, it's an asset, sale um, that's a billion dollars, though wow.

So typically, i don't like asset sales, because it's a one-time infusion of cash, but it's also a billion dollars holy crap, um, 125 million up front okay, so uh typically, i hate asset sales, since they are a one-time infusion of cash, but 1b price tag with 125 Million down um, these guys got any sales any cash anything so that that basically doubles their revenue. They had 73 million in revenue. They lost 100 million last year. So this this in theory, this this infusion puts them black on the year, so um 100 ml loser.

Last year, in theory, this down payment puts them in the black executives gon na buy lots of cocaine congrats on the new lambo, with a glove box full of coke um. This is a chat pump. I don't see a chat pump yet probably get look, smells like a chat pump, so i'm gon na say, standard dip and rip approach. Let it set the hide pre-945.

Then three to one risk to reward off of pre-consolidation area. For you know, mid-day late day entries for midday late day entries see a bus yesterday, so it's kind of nice to close as i began so i began discussing a bus and i will finish with relating omer to a bus. So there you go um. I like that they got cash um.

You know, listen all that bio! I mean. We've talked about this. All these biotechs just burn burn burn cash. They need money, they got money they'll blow it.

Okay, they'll blow it, but in the short term, you're gon na get a lot of the baggies that got trapped in that gap down that are going to get excited about this um. I can see this getting pumped by chat rooms because there's not much out there. Other than p-h-u-n and d-wack and then um chart pattern wise. Please refer to a bus yesterday, so there you go, um have a good day.

Everyone we got a little more technical. Today, i always love. You know i, like quote unquote slower days now. Listen, it only takes one okay.

If p-h-u-n goes, if dwack goes, if you a bus, go, you only need one. I kind of like these a little bit slower days where i can get a little more into technical fundamentals. You know break down the cash position of some of these, so so i typically don't have time for that now check out the steady trade team. I got a 45 minute webinar coming up at nine.

I spend the time in those webinars. So if you like this, hopefully you do, but if i go, if you're like he always goes too fast, he talks too fast. He loses, you know, squirrel squirrel. You know the nice thing about the steady trade team click, the link.

I do you know two webinars a day: three webinars a day. You know i do take the time to get into more nitty gritty. It's not just another webinar of squirrel squirrel, squirrel, squirrel so or bacon, bacon, bacon, bacon, bacon sounds pretty good. Actually, i'm gon na have to go, make some bacon all right have a good day.

Everyone see you next time. Whoops, i can't i almost launched spotify can't do that youtube will pull my video down got ta play the there. Let's close, so you.