All right. So um, the first thing I wanted to cover today is on Twitter. So Twitter up another four percent today. What's the news? Well yesterday, uh, I had the video where I announced the uh, the news that had you know that it wasn't the announcer but you know I uh, commented on the news headline which is that Elon Musk has taken a 9.2 stake in Twitter and it was through a 13g filing that was posted uh, yesterday and when I saw the 13g, I noted that a 13g is g is for a passive stake.

You're supposed to file a 13d if you're taking an active stake in the company. and I sort of commented on the fact that he already kind of seems like he's taking a more active role in this investment because of the way he was pulling his Twitter audience of you know, how Twitter should run in terms of reading free speech and stuff like that. So then this morning, um, there's the news posted um, under the Ak. So this is material definitive agreement, change in um, Director officer and here we have the news that the company will appoint Mr.

Musk to the company's board of directors. All right. So you know this isn't surprising at all. You know, if you bought a 3 billion dollar stake in, you know, Twitter, a nine percent stake, they would certainly consider or probably want you to be on the board.

And so you know. not to mention that Elon Musk is the wealthiest man in the world. So of course they'd love to have him on the board to give any insight. And maybe you know anything that he can do to help the company be better be more successful.

It's a no-brainer so that doesn't surprise me at all. Um, the the only thing that, um, that's just, you know it's just on the paperwork side of things and and it's like he'll probably. so there's already articles going around about. You know what the regulators are going to do about this because he didn't? You know he? He waited a little too long to announce his stake.

and you're supposed to. There's a certain number of days 10 days you're supposed to make the announcement. He was a little late and then it seems like this is an active at stake which is a different form. but I mean, I don't know.

I I'm not an expert on all of that. that seems, I guess more like administrative paperwork stuff. So the fact is, he is, um, a nine percent owner. Uh, noteworthy.

Jack Dorsey the founder. Uh, only a two percent owner. So you know he's got a, um, he's got a a huge position in the company, which is, uh, you know, impressive. and uh, the stock's up like 30 in the last two days on that news.

And so he's up a billion. Like a billion dollars on a three billion dollar stake. Which is mind-blowing. But now the question is, you know where's it gonna go from here? So today it's actually pulling back a little bit.

It went higher pre-market Now it's pulling back. It's still up 3.5 percent on the day. But it's pulling back a little bit. Uh, today's volume.

Uh, is actually, um, extremely high. And I didn't even notice how high that volume was. Um, golly, look at that volume at the Open. I mean, that is some huge volume, remarkable volume.

So what's what's the deal there? Why is the volume so much higher today than yesterday? Yesterday was 19 million shares. Today's already 80 million shares. Uh, so that's that's interesting for sure. Um, but and if we go back, the highest volume dates ever had? Well, what's the ipo day? That makes sense? Um, there's a couple other days or higher, so still quite a ways away from being highest volume day ever.

But the daily chart shows descending resistance. So this is again technical analysis. Descending resistance is up around here, that'd be around 60. We don't really have ascending support.

we don't really have any incredibly obvious levels, except for right here 55. That then gives you room up to 60. But then you're gonna run into gap fill about around there. So that's a window of pretty much no resistance.

Of course. this is a stock that institutional traders are, no doubt. Uh, I mean, who wouldn't I? I guess I was gonna say who wouldn't take some profit. Well, maybe someone who thinks that Elon Musk is gonna turn this into a much much more successful company.

Um, maybe there'll be some new api where you know from your Tesla you can, you know, I don't know. Voice tweet automatically get alerts through your speakers of every tweet that Elon makes. So you really are up to date with everything that's going on in his life. Um, maybe holograms of the memes.

like right in front of your windshield because that would be cool. So there's some maybe big big stuff coming. I don't know. So maybe that would be a reason to keep holding.

Um, you know if if Carl Icon or Warren Buffett or Bill Ackman took a position, you probably would. Yeah, it's up 28 30. You probably would keep holding because you've got a great entry. But as always you would set your stop and manage your risk.

So interesting stuff. Um, I that that's my commentary on it today. So Elon Musk appointed to the board of directors and let's see what happens next. And that right, there was an entire video with no ads.

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