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#StockMarket #PreMarket #Stocks
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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All right, good morning, everyone um. I want to give a shout out to spotify um. I wish i could play mute. You know such a bummer with with live streaming, but um shout out to spotify.

If you like country, music, i'm guessing. This is a new song but um hot beer by dylan, carmichael, very, very strong uh country, music song and a fun one. So anyway give give the guy some love, uh, dylan, carmichael, hot beer. I would play it for you if i could, but um anyway.

It was, it was playing as i went, live fun stuff, especially if you're a country, music fan it's a goofy song, but it had me laughing anyway. My myco asks about rn xt um. Oh one, quick thing remember the rivian ipo rivn is today um. Remember i typically guide you not to trade day one ipos um, but you know i i my point would be ten.

You know again avoid day one ipos, but would nice to see our ibn blow it out. You know tesla tesla, pulling back, has kind of took a little bit of the air out of the ev sector. You know, i mean ev. Go was kind of my number one ev go, never hit the idea or hit the hit the buy point but um.

You know, i think, if tesla hadn't pulled back so hard yesterday, we would have had a better day in the evs. So anyway, i say avoid reviewing day one wait for the chart to set up but root for it. You know we get a successful, um, ev ipo. It could bring a lot of that emotion and a lot of that mania back to the sector.

All right. That being said, mike os um, 6 million float, 7 million shares traded a multi-month breakout oops wrong stock. What did i click on? I clicked on rnxt. Sorry.

What did i click on rnxd did. I was i looking at the right stock yeah all right. I don't know what i did. I got click happy so anyway, rnxt um, i clicked on the laurent chart, so bear with me.

Oh nice gap up um, decent volume, cancer news currently consolidating at v web um. What's oracle got to say this would probably be. Oh, i see what i did all right: um, let me jump to oracle. Take a peek at this guy um volume whoops.

Let me sort by volume, 1059 resistance, intriguing. Let me drop the oracle indicators on here. Let's do a little uh and i don't hate that so oracle's showing major resistance at 10.58 stock, currently consolidating around v web um. I don't know if i don't know if i'm prepared to call this number one, but you trade, those 1050 breaks, you risk v-wep.

I certainly don't hate this idea, so rnxt nice oracle idea um resistance, 1058. um and i think a good risk would be v web. Currently, 9 50ish yeah um still early, but i don't uh. I got no, i mean listen.

If this is your number one mico, i don't mind this idea based off that those indicators brian asked about bgfv man. What is rough with my clicking today, i'm just all over the place: big five sporting goods. Well beautiful, breakout. It's a volume yesterday, not the best volume, so brian, let me let me read you brian's comments because well done brian, i like your due diligence, so i want to read it: bgfv 40 short float, 20 million float short squeeze breakout over all-time highs of 43.50 um.
100, brian, i, like your due diligence. I like your plan, not in love with the liquidity. So here's where the boring old man comes out. I would, i would say, midday late day, because i want to see you know i can't do a volume forecast at this point when it's barely trading, i mean look at i've been talking about this thing from you know two minutes and it's traded 22 shares in The two minutes i've talked about it, so in my opinion, i can't do a volume forecast on this thing, so i got ta wait for the market to open.

I got ta wait to get through the the kind of the rush of the opening day. Then i can do some sort of volume forecast. Does that make sense? Brian? That makes sense everyone but 100 agree with your plan. Agree with your statement, i just say midday late day because you know there, you know it just traded 16 more shares.

You know so. Liquidity is an issue so bg fv. I like this heavily shorted breakout, but midday late day only got ta see if this gets volume and let me increase my about font size. There.

We go okay, um chris small ltry, lt ry, lottery.com, no volume, uh, sorry, chris chris no volume. I can't answer the question. You know. Sorry, it's just two thousand shares traded.

It's nothing against your idea. It's just! I can't give a read: asana weak, open, ready, green yeah. Definitely i mean i mean remember, this is what you like to see closes at the high day closes at 52 week highs, so this is borderline a textbook week, open ready, green because and why do we care about a week open, ready, green because we're looking for Buyers to take control, otherwise, if it fades all day, we let it fade all day, but you got a stock, that's hot sector! You know technology cloud computing. All these things we look for it closes at a 52 closes at the hard.

That's exactly the type of action we look for then your buy signal, your confirmation is to see you know the bidders step in support the bid and push this green. You know standard supply and demand type stuff, so love it love it and keep in mind. I know i tell you about the e-book all the time, but if you're, if you refuse to buy the 18 e-book, meanwhile, you probably spent 18 on cheetos and a in a half pint of mcmaster's last night. If you refuse to spend 18 bucks on the ebook study this, this is exactly what you look for for a hot cool technology, hot sector, weak open red degree, so there's value there, whether you trade, it or not, so agc short squeeze yeah.

What's it doing this morning, i was never in love with agc. Yesterday um i mean you know, i love spaxx um, but just such a brick wall on this see you know i mean i guess over 16, it's a confirmed breakout. So let me let me hit the whiteboard again, so you know you got one two three. You got four tops at basically 16.
I mean, i guess i don't hate, it spat decent volume. Yesterday, maybe you take a 16 break. You risk ready to green or i'm sorry green to red. I i mean i don't i don't.

I don't hate that idea. You know again it's another one. How many shares is it trading right now? Yeah again i mean 200. I guess 200.

300 000 shares isn't terrible for a 15 stock, but um, probably like late day that i i guess you know similar to what we talked about on on bgfv. It's got great volume mid-day late day. I think that's where you step in otherwise you you, if you take a you know, if you jump in this at 9, 35 a.m on low volume you get dumped on and then you could have just waited to see if it actually trades legit volume and if It doesn't trade good volume, then you just you know you don't touch it midday late, so i don't um, i'm trying to think of a resource. I mean understand volume, volume, volume, volume, so um aabb is aabb.

I mean it's an otc, but why did it trying to break out afternoon otc swizzle so not confirmed yet, but this is an afternoon otc swizzle gapper, if it, my friends, sorry no volume, prague think about sofi over 25. I tell you you know and and understand this is nothing against any of you guys, but there this should be telling you something. Okay, i think going back to my opening statement. I think everybody's waiting for, like this rivian ipo everybody's kind of waiting to see if um, if tesla bounces.

So again, it's not against you guys but notice everyone's bringing up these ill-liquid stocks. That tells me maybe there's nothing great out there. So just keep that in mind: um sofi, nah m-e-t-x, i mean if so i didn't like this all week. They just dropped the offering.

So, if, if, if and it's a huge if this goes green, i think you got to trade because you know understand what this is: they dropped the offering. I mean it's a really big. If, okay, if this goes green on the day, i think you'd get a squeeze out of this thing, so um, but it's a huge. If i would be inclined to tell you to ignore it.

You know sketchy chinese stock. They raised the cash, but the only reason i say the big if we know that bros love to trade or love to short these offerings and we know they squeeze and they squeeze and they squeeze. So i kind of lean towards again: let's see how the ipo rivian ipo does, let's see if we get some activity out of the evs. I just don't know you know this is how i'm gon na finish on m-e-t-x and you'll.

You'll hear me say this on slower days today feels a little slower, um you'll again. If m-e-t-x is your best idea and there's nothing wrong with it, i mean. Listen, you guys are new traders. That's why you're here you're here to learn? Okay! That's that's why i i mean i know i get.

You know i can get a little ranty sometimes, but you know the reason i take these questions i mean most of you are new. That's why you're here you know, i don't think warren buffett or paul tudor jones are on this live stream. Okay, if you are what's up warren, what's up paul um, but if m-e-t-x is your best idea, maybe it's a day to do something else. You know get some exercise.
Read a book review your trades. So that's my opinion now. If, by some chance it goes green it'll probably probably get a quick spike out of it. So all right, my friends i would have to default back to i think rn xt is air, quotes the best notice the air quotes.

I think the best thing to do on wednesday november 10th 2021 is to dial back. Let's see what the rivian ipo does, let's see if we can get some afternoon electric vehicle action. You know that that's kind of my plan for the day i mean again, if you made me pick a number one. At least our nxt has rotated the float.

At least it has some news. At least it has some volatility, so don't shoot the messenger. It ain't. My fault, it ain't my fault, so all right have a good day.

My friends and we will see you next time. Oh man, i almost played spotify, you got ta, remember foreign.

By Stock Chat

where the coffee is hot and so is the chat

8 thoughts on “Pre market prep – stock market 11 10 21”
  1. Avataaar/Circle Created with python_avatars Maximus Muchimus says:

    πŸ’ͺ🏻

  2. Avataaar/Circle Created with python_avatars jamie Atkins says:

    Keep up the hard work Tim! Thanks!

  3. Avataaar/Circle Created with python_avatars estario says:

    RNXT was beautiful. Thanks Bohen

  4. Avataaar/Circle Created with python_avatars Dani Schei says:

    That Ebook is worth every penny

  5. Avataaar/Circle Created with python_avatars Joe Gallardo says:

    Hot Beer is a pretty cool, cheeky song. I liked it πŸ˜‰

  6. Avataaar/Circle Created with python_avatars ilyos sattorov says:

    Thank you for making this video.

  7. Avataaar/Circle Created with python_avatars akakta1 says:

    It ain't my fault nanana

  8. Avataaar/Circle Created with python_avatars Manuel Bernal says:

    SDC

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