What a beautiful day to be a bear. What's going on? Team? It's Ricky with tech Solutions I Got asked so many times yesterday because of all this hype that was going to this stock called uh ticker symbol dwac um again I Don't care about your political point or your political party of who you like or who you don't like. Um, this is a company. It it.

it is what it is, right? We talked about this during the live trading session because people were like oh, Ricky what do you think It's an overhyped momentum play. Pump and dump. That is all it is. Look at the volume, look at the normal trading volume and look what we've recently gone through.

This has happened so many times with this company. and what happens Every single time that it pumps, it dumps, it pumps it dumps it pumps it dumps, it pumps, it dumps. So it's not rocket science, right? Let's not take it personal again. I Literally do not care about what political party you are.

We are all here for the same reason. that's to make money. and if you think for one second that this is is going to continue to hold at these overbought levels when volume is 100x of what it normally is, then I wish you nothing but the best that that's all. I Have to say right now, very overbought, very overextended, and we got a glimpse today of how quickly things can go south.

So can it continue to run up and have these nice little plays Of course, but at one point, just like it's done in the past before it BEC So overvalued that just like a slingshot, it corrects itself and guess what, the more overbought that this becomes, the more in my radar this will be. You know, in to potentially open up a short position. I would love to make money if this thing offers enough downside and direction is clear enough. Just like today, Coinbase downgraded by JP Morgan $80 per share is what the um, what what the article said is what JP Morgan rated it at by one of the analysts so you could see also that Bitco Coin saw a significant drop.

We talked about this: if Bitcoin drops below 40,000 you know things are going to start to go south for most likely Coinbase. and Mara and what happened both Mara and Coin aggressively selling off today anywhere from 3 to 5% in the red. You cannot be surprised by these things. These things get overhyped just like the spot.

Bitcoin ETF just like Coinbase did just like Bitcoin did, just like Mara did. and just like Dwac did. And then once they begin to sell off, let's not be afraid to lock in profits. Let's not be afraid to also short these crap companies because we know that they're overvalued.

But most importantly, maybe you don't think they're overvalued. Maybe you don't think that they're crap companies. But we agree on one thing that they are overhyped up and and you need to see eye to eye with that like it just doesn't make sense and look at this. I Just I reopened another short position adding more on coin and the more that it sells off the more money I will make I Would love to see coin at 110 115 a share.

shoot I'd love to see coin back at $70 a share where its true value was before all this BS hype came from the spot Bitcoin ETF but we're probably not going to get that. but I I Would say that 115 110 is is not far-fetched especially with how things are going with. Bitcoin If Bitcoin continues to sell off, you know, put your seat belt on because it's going to be a fun ride for coin. So really excited to follow up.

We do have a handful of companies that are going to be reporting earnings today. Verizon 3M G All reported earnings today before the market opened Netflix reports earnings after the market closes but most importantly tomorrow Tesla reports after the market closes I do plan to live stream that Tesla that Tesla earning reports but I'll leave it up to you guys if you guys get this video to over one 500 likes I Would be more than happy to host that live stream for free on our YouTube channel. All you have to make sure you do is subscribe I hope that it earned your thumbs up. and again if I offended you based off of what I said about a stock that you truly believe in, then I truly do not care right? Your opinions have nothing, your your hopes or your desires have no effect on that given stock.

Don't make this personal. We are all here to do the same thing and that's make money right. So let's not over complicate it. If you have any questions about being able to you know anything that we talked about today or being able to watch me trade live, shoot me a DM via Discord If not, I'll see you tomorrow at live uh for our live trading session right at Market open and that's the second link in the description down below.

Like always, that's my make sure that we end the year on a green now! Take Care Team.