So all right, good morning, everyone welcome back uh. Let me double check my settings so that we don't have to deal with some sort of rambling about my audio, not working blah blah blah live, looks good, okay, cool all right! Welcome back um! You know it's kind of the theme. Du jour seems to be oil and gas big gap in the price of oil. You know again, it's it's one of those situations.

You know it's, your. Take your coffee shot, um going back to last fall. I i still remember. I don't know what was it like two months ago and people were like: oh, the oil and gas story is over and i'm like yeah yeah.

I said it and i said it and i said it i'm like we are so far so i mean i mean i i believe i said like two months ago, i'm like we're in inning two, maybe inning three of this oil and gas move. I mean for what it's worth man and i did newsletters on this blog post. It's like, if you don't think oil and gas is going exponentially higher man it's time to wake up son so anyway um and it's by design it's by design. I mean i mean listen when, when you reduce the the supply of something and the demand, stays the same or increases okay, think about where we're at massively reduced supply and economy, starting to warm back up a little bit.

People going back to work going back to the office now you've got more demand. It's just i mean it's like you learn this in your sick, like literally like your sixth grade economics class, but unfortunately the wisdom of our divine leaders. Don't understand that they don't understand. Sixth grade economics, all right, that being said, let's get to work.

What do you think is cigar done or more room to run? My concern with sega is number one. Keep this on watch totally a weak open, ready, green did gap a little bit this morning. My concern with sega is you know, and this is a theme we talk about a lot that um typically typically in momentum, stocks penny stock land there's only enough traders there's only enough uh buyers shorts for like one hot sector, i mean well listen: 2020. In 2020, we would have more than one hot sector at a time.

It's you know we're kind of getting back to reality. Obviously, 2020 was completely disconnected from reality, 2021, completely disconnected from reality. So yes, this is a week open, ready, green and all we need is more news. You know the uh, it was a lot like last weekend.

You know remember. Last weekend we had all of the monkey pox stuff thursday friday i mean this is going back a week ago. Then it all kind of died out. Then this week well, the previous week.

You know, i guess i'm going back two weeks. Last thursday, friday monkey box news, you see the reaction on cigarettes, so that's the thing i plea i i would do not do not take this off. Your watch do not forget about this thing, but i think we need headlines and at the end of the day i think most of the action day trading wise is going to be in uh oil and gas trash, so um pre-market stream, and it is 5 31. 2022 uh siga needs headlines, but totally a warg.

In my opinion, all the action is gon na be in junk oil and gas for day trades and real oil and gas for swings aka all the usual suspects. You know we for wheat months, zom, oxy, uh, mro, et cetera, et cetera, and i mean listen. I mean again exxon mobil, most boring stock in the world, but it just i mean it's like a couple percent a day. Whoops.

Let me go 30 point. I'm assuming zamas gapping this morning i haven't looked at it yeah one percent gap i mean and again i know one percent gap, but i mean this is at the end of the day. This is one of the biggest companies in the world, so good for swing. Trade, you don't have to sit there and watch it every day.

Um amc yeah, a lot of news. You know again, i don't know i mean listen is, is maverick. I've heard great things by the way i didn't. I was too busy beautiful beautiful weekend here in michigan, so i wasn't going to go to a movie on.

I mean 90 degrees, beautiful sunny, but i heard a lot of good things about maverick. I mean people seem to be going back to the movie theaters. So high price dip and rip you know now again, i want to be clear. I still think you know my position hasn't changed going back to the beginning of meme stock mania.

Listen, i i think amc is still in trouble, but we. What do we do here when we're talking day trades? We trade, emotion, manias et cetera, et cetera, et cetera, and would it surprise me to see amc dip and rip on the maverick news by no means by no me i mean and again you know like um. What was the other one? The you know, dr strange did really well, i mean people seem to be going back to the movies, so in the short term, in the short term, love this thing through all the key levels. Just here's my thing: if it turns on you, okay and and and this is where a lot of times - i don't have time to make this clear - understand the difference between the short-term mania and the quote-unquote chickens coming home to roost.

Okay, um they're in trouble. A lot of debt: okay, there's a lot of problems with amc. So my point is just honor your stop. Okay, that's the thing! So if you trade, a dip and rip and here's the thing so your your entry is, you know 1650 and your stop is 16.

awesome, love it and then your goal is like high teens love that love that plan. But here's the thing: if that's your plan, 1650 break risk on 16, fail goal: high teens, if it's next week and i'm here on pre-market, prep and amc's at like 14 bucks. I don't want to hear it okay, because if you break your stop on this thing and you become a bag holder well now, you're just a and now you're breaking all the rules and now you're an investor in a failing movie, theater company, okay, understand the difference Between short-term trading and long-term chickens coming home to roost, because they'll come home to roost in amc, but doesn't mean it can't go to 20. 30.

40. 50. In the meantime, okay, just don't just don't be a bag holder. I mean that's at the end of the day: okay, um muln 830.

Pr really did not see that. Thank you. Team teamwork makes the dream work hey. What do we got here? Worst stock in the world? Um remember this started um this kind of started that mini ev run back in february.

Just been punishing shorts, punishing shorts, beautiful um, oh wow, floats way bigger. Now, isn't it man bummer so see they've increased the float so much man see because remember, remember: muln used to be a low float stock. Now they've done so many dilutions. I don't know i would say 9 45 or later because under you know - and this is a good teaching moment here - okay back this geez - it was winter right basically february i mean february - is winner right? You know yeah back when the run started in february february and march.

The float was exponentially lower so back to that supply and demand idea. So i would say 9 45 or later because of the float now hey former runner day. Traders remember these names. Okay, now listen if it was 3 million float instead of 300 or 30 million float different different rules.

Okay, low floaters have different rules that that, at the end of the day, so is dewack done. Oh, i keep i keep, i'm telling you guys, i mean listen. I i said d-wack was done two months ago. I mean again, i i can't remember i want what's best for you guys.

I mean i don't listen. This is free. Okay, i'm on youtube for free, okay. I got no agenda other than i love teaching stocks and i love seeing other people succeed.

I mean the i i mean, that's why i have coach. You know again. I coached youth sports. I coached in at my business, i've been i've, been i've been teaching day trading for freaking six years now.

I love to see others succeed, but you have to, and this was our favorite stock for like three months december february march, it was like the number one. Every day, but you got ta recognize when it's over and it's over and it has been over four months and i can't help you you know i can't quote: unquote pump this stock. I can't give you any good news about dwack it's over. It was over before elon started, looking to buy twitter, and now it's doubly over since elon's gon na clean up twitter.

So i don't know just i i don't it just bums me out that that you can't trade these crappy stocks without rules. Okay, there we go at the end of the day. You cannot trade these crappy stocks without rules. If you have no rules, if you have no methodology, then stay out of the stock market man or buy some apple okay, i mean, if you, if you want to trade with no rules, no risk management, then buy some apple.

It's just gon na i mean apple's. Gon na it's slow, but apple, just i mean five years i mean ten years from now, but stay away from the stock market. If you especially crappy stocks, okay, please i'm trying to help you every trashy oil and gas stock is a dip and rip imp, hoosa, etc, and they are also my number one. Okay, let's take a look at oracle and see what the number one of the day is: impp and then timber, timbers trash your oil and gas stock too right or no farm biotech biotech.

Okay, 60 million biotech. So imp amc, hoosa, cei siga. If it gets headlines. So all right, my friends, i realize i got a little uh little luxury this morning so but have a great day, my friends and uh.

Again, if i get a little too luxury, i just you know i i just it's: just people: bag holding amc bag, holding d, wack bag holding trashy, penny stocks. It just bums me out because it never works. Okay. In summary, it never works bag holding crappy stocks.

Never ever ever ever ever ever ever ever ever all right have a great day. My friends and we will see y'all next time have rules. Stick to the rules force discipline you.