What's up everyone? All right. So news out: Elon Musk has accumulated a 9.2 percent stake in Twitter and when I first saw it, I thought, okay, I had seen the headlines. Um, I guess it was last week. You know where he was making posts about should he should is a new platform needed and like interpreted that as like a new social media platform.

Um, he had the poll. Free speech is essential to functioning democracy. Do you believe Twitter rigorously adheres to this principle? 70 Said no And so you know I thought okay, that that makes sense. Why start your own platform when you could just buy a 10 stake in this one and then try to get on the board or petition management to turn it into what you want? I guess that makes sense.

So let's jump into the chart. So what's interesting here and I'm a trader. So I look at this from the technical perspective. Uh, the stock's up 27.

Today he bought three billion dollars worth of stock 73 million shares. I looked at the Scc filing it's a 13 G, not a 13 D 13 g is for a passive stake. Uh, and the date on it is March 14th so it's a little late um to get filed. And it's actually interesting because these posts that he had uh from last week were all after he was already a 10 owner of of Twitter.

So the consequence of this poll be important. Please vote carefully so you know he's obviously it seemed that seems to me like activist investor type of stuff. But you know what do I know? I who knows that he officially has a passive stake. You have to do a 13d if you're going to have an active investment where you're going to try to, you know, petition change and things like that.

So like Carl Icahn, Bill Ackman, they would be filing 13 d, not 13 g. But you know I mean anyways, I I maybe could refile it as a 13 D down the road. So uh, you know I kind of find it interesting because you know free speech is essential to functioning democracy. Do you believe Twitter rigorously adheres to this principle? I mean, it seems obviously like the votes 22 million, um 70 Saying no is pretty clear.

but I I don't really know. I I'm not. I don't use Twitter like I'm not a controversial person. I don't try to.

I don't post like controversial things. so Twitter's not really the place for me. I like to post helpful videos. I like to post.

you know things about the market. My commentary stuff like that. So I I like Youtube. Um, Youtube is owned by Google.

Youtube definitely limits. You know what could be posted. I mean, there's there's terms of use of Youtube and if you break them, you could get your account shut down. Twitter doesn't seem as um, as rigorous as Google to me in just sort of my perspective.

but that's only you know. I mean, I'm a bit of an outsider. So because I don't, like I said, I don't really use Twitter all that much. Um, I don't even have an account here.

I'm just looking at it like, you know, just as a free user. But uh, but it's definitely interesting. and you know he's up a billion dollars overnight. On the news that he took this stake, Twitter's up 28.

And so to me, the logical thing is to use that influence to petition the board to petition the company to make changes, which is more of an activist position. But you know, I don't know. I mean that seems like what it would be and it seems like potentially from an investment standpoint that could turn the company into more of what you know he wants it to be. And if that also means it's more profitable then that will show in the you know, the quarterly earnings and things like that the market's pricing in that it's already worth 28 more just today because of his involvement.

but it's a passive involvement based on the filing, so it's a little funny. Um, I I don't. You know I'm not taking a long-term stake in it. If this was like Carl Icahn or Bill Ackman, you know those are they're in their investors.

I mean, I look at them as investors, not entrepreneurs, but you know, at the same time having an entrepreneur take I mean they are entrepreneurs. I guess you know they're they. they. They're so involved.

I it's I don't know where I think of them differently than I think of Elon Musk. Um, you know. but he certainly has such influence and he's so well respected in the business world that him coming in taking the stake is a big deal and people think it means good things for the company So we'll have to find out. You know from from this perspective right here, like if it was Bill Ackman or Carl Icahn I'd be thinking okay, you know, are they going to try to, um, you know, petition the company or position the company for like a buyout to get you know, taken private or you know, bought out or merged with another company? You know I'd be thinking about something like that, but um I'm not.

I don't think that really with Elon Musk I I'm thinking that he's this is like such a small investment from the perspective of his wealth that you know he can take this investment and if it allows him to get Twitter to be the platform that you think it thinks it should be, that's that is in line with. You know his view of how Twitter should run as a as a public um you know Town Square so to speak which is from one of his uh one of his tweets the other day so I don't know I I thought it was interesting. I I'd be curious to hear your thoughts. Do you think he's going to be really more of an activist investor? Do you think he's going to be just a passive investor? He's got 8 million followers that's Donald Trump had I think 88 million and said you know, got kicked off I'm gonna start my own my own thing.

True Social. I have another video that I was, um, that I've got coming out about that and that seems like it's been a disaster. In terms of the the launch of Truth Social. it has not been like a successful launch, but I I don't think I mean to.

at least from my perspective. Again, it's just as a trader, but seeing how it's gone is not super impressive. I feel like Elon Musk would definitely do a much better job of launching his own platform, but at the same time he's up a billion dollars uh, overnight on his investment of Twitter and he'd be probably out of pocket a huge amount of money if he's gonna start his own platform. So yeah, why not buy into a platform and then help help it get to where it needs to be? Seems like a lot.

It makes sense, but that also seems like a 13d, not a 13g. But I don't know. We'll find out. So leave your comments below curious to hear your thoughts and I'll see you guys for the next episode.

As always, I'll be um, streaming the morning show around 9 00 a.m tomorrow and I'll give you my uh watch list of stocks that I'm watching. We'll see if we get any action. This morning I was watching Twitter and right at the open you got this big squeeze and this big drop. It was pretty pretty wild.

one minute opening range candle which I steered clear of because I thought it was too risky once it reclaimed the volume weight. average price. That's when we got this late morning curl which has led to this move up into the 50s. So uh, you know, looking better now, but uh, probably a harder one for day trades.

an easier one for ride the momentum and see where it takes you right now. It's pinched kind of right between the Uh 200 Sma dotted line and the 200 Ema on the daily chart. An interesting daily chart, but a good entry for Um for Elon musk Off the low here, um, accumulating at some point through through the month. I guess up to the the date of that filing which was the was the 14th.

So you know the interesting thing is on any given day it only had like you know, 10 12 million shares of volume so would have taken some time to accumulate that kind of position I would think. But uh, anyways, interesting stuff all right. I'll see you guys for the morning show first thing tomorrow morning. And that right there was an entire video with no ads.

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