Hey everyone welcome back to another market, closing live stream, so we are back in uh the wildness of the stock market. Now, what's incredible, is a few things? First, just the stock market overall and number two tesla. So let's talk about both of those and then we'll get into some of the individual things that are happening, uh, let's start with tesla and then we'll hit stocks overall, so uh tesla. First, there are a lot of expectations that elon is unfortunately going to continue to drag out the way that he is selling stocks uh, potentially through uh the end of next week, which uh that's that's quite a lot of pain and there's not that much sort of By the buying power that uh society and people really have uh, with with a large appetite for tesla within these prices, so of course, then prices go down.

The end of next week would put us around black friday. That's uh, that's november uh, 26th. Here so uh. That's the end of next week.

Well, it's crazy to think that's already less than two weeks away, and then you get cyber monday after that. So aside from those holidays which doesn't really matter so much in terms of when elon selling, it's just the pace at which he's selling is is very slow and it implies a three-week trajectory if he sold the third last week a third this week and then a Third next week, then he'll finally be done with his his 10 uh uh, 10 million or sorry is 10 sale uh. Unless, of course, he decides to sell more on this sort of trajectory, it's entirely possible that tesla continues to essentially bleed uh under the pressure and weight of elon's spread out sales, potentially through the uh um. You know 900 threshold uh and unfortunately, it's unfortunate, but this is why it seems like no matter what happens every time we think a stock is running away and we'll never have an opportunity to buy it again.

They'll always be something crazy that gives us another opportunity to buy the stock. In this case it was obviously elon selling off. So this is definitely a concern that it's entirely possible that we, we could see payne a tesla stock all the way through the the end of next week. Now there is some speculation that potentially elon musk will announce a a stock split on uh november 9.

I'm sorry on on december 9th: that's because he tweeted about uh orbital space, flight, 12, 9 and 129, and so some folks are saying. Oh, is that going to be the split date that tesla goes to the moon? I think that might be quite speculative and uh somewhat unlikely uh and then there's some other speculation about uh how much uh that there would be a stock split by since uh. Since elon musk mentioned that 420 has gone up by 69 sort of an inflation reference that uh, maybe that implies uh, because this, if a stock split happens on 12 9, it's gon na be a six to one split this time, instead of a fun one. All of this is just like pure grasping at straws and speculation.

I don't believe any of this uh, but what i do believe is that elon is is probably not going to be done, selling his stocks until the end of next week, and so if there was really a time to buy tesla, i personally would probably be looking At the next week now that also then begs the question: is it time to buy uh? Is it time to actually buy tesla, or is the stock market going to uh you're going to have some form of a correction? Are we going to see some sort of a massive fall, and this is where what's really odd right now? Is we don't have any massive short-term catalysts for pain in the stock market, with the exception of the potential for jerome powell to be replaced as chairperson, which i will be? I have a very, very thorough video coming out on inflation, uh, the new potential replacement nominee for drone powell and uh, and what some investing consequences could be of that so stay tuned, we'll uh i'll break that down that'll be after this live stream. I'll be posting that so that'll be a really good one. So uh you'll see that but uh more importantly beyond that as a potential negative catalyst that is drone power, getting replaced. The next negative catalyst is potentially a debt ceiling or or a budget deficit fight or potentially, both of those as we go into december, need to kick the can down the road.

Again, though, we know how those end those end in a lot of short-term drama. Maybe we get paid for a few days in markets and then we're back off to the races and it's entirely possible that this end of the year rally does end up lasting uh. Quite frankly, through january i mean we could go into january. We could go into q1, potentially the next real negative catalyst would be - maybe maybe some painful earnings for q1, because then we'll be comparing q1 earnings of 2022 to q1 earnings of 2021, and who knows those might not be as as exciting, uh and and will be Coming out of uh the the crazy black friday season, uh the holiday season, the christmas season, the hanukkah season, whatever right the gift buying season so uh these are, you know, that's in my opinion, these these are like the negative catalysts that we've got looking forward to Right now, they're, not that huge, but i do think in the future we'll run into much stronger negative catalysts and, quite interestingly, we could be running into this bizarro time frame next year, where, if we potentially get inflation that starts inflecting down in the in the potential Summer to end of next year, that's going to coincide with the 2022 elections and uh.

Potentially the talk about interest rates going up, you're gon na those. Those three catalysts are real catalysts, like those are serious catalysts, all three of those like if we do see a change in inflation, they talk about interest rates because maybe inflation isn't accelerating down as quickly or not at all, and we have a 2022 election. That's going to be a potential pain point, in my opinion, we're going to be looking at some serious pain between summer and uh and and probably november of 2022. It's just an expectation.

I have it so the basic question can stocks last in this crazy rally. I mean we're always going to have fluctuations in the market, but but can stocks last in this madness of a rally and - and the answer is possibly now - we could see one of the longest streaks of of enthusiasm here for a while and that's kind of what We've been seeing now, i know tesla obviously has a little bit of pain right now because of the elon selling, but aside from that, the market's been doing relatively well uh. Certainly, if we look at individual stocks, i mean look at the some of the metaverse or technology related stocks like like matterport up 22 on the day 22.5. I i've crossed uh 2 million in matterport now uh.

Just because of this, this sort of insane run-up, which is crazy, uh, now, interestingly, the indices, while you do have this this up on the uh uh on some stocks, you do have the indices that are still slightly tenuous right, so, where the indices pretty much flat. Uh, look at this down at 0.07 to the downside, s p 0.06 to the downside, nasdaq 0.12 to the downside, russell's the largest fall here at the 0.43, but you're in this place, where prices in many many many different stocks have gone to record highs and really Slightly slight decreases on the uh on the indices, not that big of a deal right now uh. So the market is almost hunting for negative catalysts right now and it's somewhat hard to find them so uh like neo sure it's down four and a half percent still up from that 35, where we had been sitting like almost all summer, it felt like and face Down 2.56: it's up like 40 from uh when we were buying this thing at like 145 and 155, and it was funny like i bought it at 155 and then it fell to 149 and somebody's like haha and face fell on you. It went from 155 to 149, it's like no problem and then i buy more 149 right now, it's a 254 or 245..

It's crazy uh! Some of the the pricing is incredible. Now, you've also had a little bit of a recovery here in tesla's price uh, and it shows you some of the resilience of of some of the companies that are just having staying power. And this is where you also have this wedge happening in the market, which is really weird where certain smaller companies are just doing. Poorly people are taking their money out of the non-performers, whether that's body, honest tattooed, shaft shift technologies.

Obviously, in that group ensure tech, people are taking their money out of the non-performers and they're, throwing it into performers and that's leading these performers to just balloon and price. It's really really incredible. Uh, how we're continuing to see this uh wayfarers kind of been stuck in the mid twos? It always used to go back to three, but it's kind of been stuck uh ubiquity stuck at 300. It's almost always been stuck at 300.

Well, at least for the last. Like six months, i feel like uh and you know. Overall i would say, prices are relatively elevated compared to the prices and opportunities that we had, with the exception of something like zillow, which has obviously gotten destroyed on on their big faux pas. But this is very company specific right market wide prices are pretty dang elevated for a lot of different things that we might want to buy, and so again it always goes back to will it last and uh.

I never like to assume that it will so these are the kinds of times in the market where i'm not buying that much uh, i'm uh kind of sitting around paying off my margin and i'm planning i'm planning for okay. Where are my opportunities to buy in? Where do i want to jump in when this market potentially slows down or turns, and now that becomes frustrating, because if, if we don't actually think we're going to have a big negative catalyst until the summer of next year, you don't want to be on the sidelines Too much, and so that's where a lot of folks are jumping into something like met, kevin.com basket. This is just an m1 finance pipe where you look and it's sort of a pie of four different indices right and you just sort of have a diversified set of index funds here and then you purposely sell these even at a loss to go buy. If there's a big dip in the market because there's a big dip in the market, some of the high flyers, like the etsy, the tesla uh, the the google, whatever some of these, these uh really well good performers this year and phase whatever these guys hopefully sell Off a large amount and you break sort of the piggy bank over here and then you go shopping for those who knows.

That's, that's definitely, i think what a lot of folks are planning for, but uh finding that next catalyst is is tough. We just know that there will be one at some point and the biggest the biggest real threats. I see, don't really show up or rear their heads until the summer to fall of next year, which is which is crazy. Uh there'll be something for sure between now and then, but looking for it is gon na be tough and uh.

That's again where, if i were to simplify kind of the strategy right now, it's fully invested in long positions but uh sitting on the side with with the new cash in terms of either met kevin, o'connell basket or just cash uh, certainly no debt. You want to be out of debt, you want to. You want to be able to use debt when when everybody else is panicking - and this is the kind of market where uh nobody is - is panicking like it's. It almost feels easy to make money which is kind of crazy, and it's also scary - i mean when rivien something that is is horribly overvalued.

Is that uh? You know up 15 on the day because of pure momentum uh, you know something like um like matterport honestly. I mean i love matterport. I actually think found report has a lot of value close to like 22 24, but when it's up 22 on the day, also on momentum for the potential metaverse, which could be years when certainly will be years away, that's crazy, uh we're in a in a crazy Market, where, where everybody's seeking gains and uh the gains are getting concentrated into very few few names uh like uh. Well, i mean, i also think where's voozi, by the way, which i think is very interesting, uh that it's yeah it is down yeah.

Look at this voozi was up today. Now it's down 3.7 and see this is where uh like. I think the easiest way to picture this and it's something that i think is actually problematic in the market is back uh, oh no pencil, okay, fine! Then i will use my finger so one of the things that i think is back you know - maybe i don't know, call it even 10 years ago, back in like 2011, when i was buying uh stocks uh you you, you had a lot more. In my opinion, diversification where you had people like, oh i'm, an apple bull, i'm a google boom, a bull or whatever, amazon, netflix facebook, whatever and and many many different companies, smaller companies, whatever right, uh and people, i'd kind of spread their money into different bets because There was no like social media that concentrated stuff now, if if this was like 2 000 and i'm just making this up as pure speculation here, if this was investing in 2020 or sorry, 2011 right, let's say that was investing then, and let me copy this and Can i can i duplicate this uh? This should be an easy way to duplicate this, but this isn't here to be right.

Now: okay, whatever - if this was oh here, i'll, just screenshot it really quick there, we go uh. If this was investing in 2020, uh or 2011, i feel like investing today. It really looks a whole lot more like like this and and then you got you know a few leftover kind of things so uh that way. If i throw in that screenshot, i had you get kind of this difference here.

Uh! Oh there you, oh that's interesting. It saves when i copy it, it saves it as a picture. That's convenient okay good, so i kind of feel like this is investing today and then this is investing like 10 years ago that that is, we've become very concentrated on winners and those winners keep winning. It's kind of crazy, i don't know how sustainable it is, but this i do feel like we've, had sort of this concentration of of the markets and - and i don't know how i feel about it - a lot.

A lot of things make me nervous uh, and i think that's mostly because i like to be very defensive and - and i know that sounds crazy to some people - they're like really kevin defensive and you're like 45 tesla, but remember that's also weighted by the fact that Uh, if, if you you build in my real estate portfolio, i'm like 20 tesla and uh real estate's, like uh out of the whole pie portfolio wise, like 40 percent uh. So when you combine stocks and and real estate, tesla's 20 real estate's, 40 uh apple amazon alphabet right these other stocks - these these are a good chunk as well, along with obviously the other tech plays that i like uh, but i really have that's. That's a small portion out of the whole portfolio which the whole portfolio is like. You know if you include real estate somewhere around uh, what 50 53 million dollars or something like that - i'm least exposed really to options at like 1.2 million dollars and uh crypto at like maybe two million dollars.

So i don't know. Maybe, who knows maybe that um that calls for some rebalancing, but when you look at it that way, you know it doesn't seem that wild anymore. Now it's like! Oh, that's, that's actually not as extreme. So i think it's funny when people are like.

Oh kevin's just risky yolo option straight. It's like really it's like a tiny percentage of my portfolio like two percent of my portfolio, especially you include real estate things because go a whole lot more into a different perspective, so but anyway, uh yeah. I i'm definitely curious about this market. I don't, i definitely don't like buying in these sorts of markets uh.

What i'm looking for are opportunities like i like i like selling puts, but i also have to be careful about selling puts because you sell a put and then the ceo comes out and says he wants to sell a bunch of shares. Well, now, all of a sudden you, i guess, you're buying those stocks or those shares you know uh so like. Let's look at upstart, for example, upstart's, one that honestly, i i thought was worth sub 100. I was obviously i mean i never did a full deep fundamental on it.

I i the basic fundamentals that i did. I thought it was very expensive, especially once it got over 200, so i've never gone super deep on it. I don't really care to invest in it, consolidating consolidated lending car loans refinance. I don't care about that, especially if we do in the future potentially go into higher interest rate environment.

I don't know how much i really care about upstart but uh for giggles on trades. Let's look at historic volatility, so historic volatility definitely elevated. We are right now sitting at a historic volatility of about 129. uh, that is uh, that is a high in the last 100 days, 100 day, average about 87 and the last time we had some real volatility was really in august when this really started first pumping.

So elevated volatility does make puts interesting on something like upstart, so i'm just curious to see what puts this week are like. So, if i go for something slightly out of the money on a put him, eight bucks on 23. well by 23, i mean 230.. It's about 3.4, probably not something i'd be jumping up and down about unless i really wanted to own more of these prices, which i don't uh you know like redfin is, is one of those where i do wonder at what point redfin will stop its decline, because It's really gotten burned on zillow and it just continues to break past and any sort of semblance of of support now uh bear in mind when i draw these or this yellow these yellow or red support lines, they're, not very strong support lines, uh very strong support Lines or when i've drawn like really solid blue support lines, you'll see that, for example, i'm pretty sure if we go to btc, i've got at least a few uh.

Let's see here. If i go to the date chart on btc yay, see like my strong support lines are: are a lot thicker uh in a different color. These are sort of softer supports, but anyway, let's go back to redfin over here. Redfin continues to break all all of them and uh it just sort of begs the question like gosh: when is the bleeding gon na stop and the thing is it doesn't have to as long and especially with the sort of concentrated market that we're going into this Theory right here that concentrated, i will call it the concentrated market theory, the cmt.

You know, unsexy stocks, don't have to get love uh. You know you just not sexy, you don't get it. You just don't uh. So obviously, there's there's the potentially the temptation of looking at a stock that has higher volatility and has sold off, as maybe something that makes sense to sell uh some puts on, but go to november 19 friday uh you're you're actually not getting rewarded that much you're.

1.7, divided by 45, yeah, 3.7. Again, it's very similar to upstart almost so. It's not like you get massively elevated pricing, so um, but yeah. Otherwise.

I mean look at some of the crazy runs that we've seen even on like so far. Is it twenty three dollars for so fast? Incredibly uh. I've made lots of money trading so far, along with a lot of other ones that had options on like palantir uh lemonade has been great. Uh had been great for options recently, not so great uh, with with the shares that i had but insure tech stay tuned.

I probably will still release my suretech video today so stay tuned. For that then uh square, a lot of growth built into square that might not end up coming to fruition. So a square is one of those that has a stretch, evaluation and uh. The fact that it's beginning to miss estimates is is a bad trend, so we really want to see a rotation there on on the trend for uh cash, app and uh transactions over at square.

So, let's see here voyager ditch 18 dollars. It was just over twenty dollars because i bought it at 12, 30 expecting it to go to 20 dollars. I wanted to trade it, but it was too slow. I never traded it out of it.

Yeah see recently i look at that. I ran to 2097.. It's still, obviously very elevated from where it has been, but and it's up 4 today, so not bad trade destiny is another one that has some pretty incredible valuations. It's it's expensive.

You can compare it to servicenow, but it's also a phenomenal company founded in ventura california. By the way, that's where i'm from, which is kind of cool uh, i mentioned to uh some of the guys yesterday that i uh one of my first clients, uh potential clients, actually uh back in like uh. This must this had been like a 2011, so no, i shouldn't say one of my first clients but one of my earlier clients as a real estate agent uh. I went to drop off papers for her and she met me up at the reception desk of of this, this company uh - and i'm like oh this.

This is cool, looks like this just popped up out of the recession, basically and didn't think much of it. Uh and uh, i thought it was a stock brokerage and then i left and and now i look back at that memory and i'm like wow, that was that was the founding office of trade desk um. I what i know it didn't really matter back then what mattered was was selling houses, uh and then of course i mean i invested in stocks too, but i certainly didn't look at trade desk. I don't even think they were public back then, i'm pretty sure they did.

They had private funding up until like 2015-16, but anyway, so um yeah all right. Well, looking back at some of these stakes, i mean that's a lot of theorizing that i've been doing here. So i suppose we should spend a little bit more time, looking at what's actually happening here, uh, so uh yeah. I all right.

So, let's see all right it's down here. Okay, all right! So uh! Then we've got um. Oh, do we have earnings today? That would be interesting if we actually have any earnings today. Mondays are usually a little boring as or fridays, but you get more earnings on a monday than you do on a friday generally, so we get idx pow the ammo company uh.

Let's see here desktop metal. Okay, so a few smaller ones. Playboy oh, go ev reports today, oh that'll be interesting. Canoe cheese, man, canoe's been one of those evs that has been on a toilet.

If they can report something is lucid today. I i don't see lucid on here. If canoe can actually give people some optimism, maybe uh maybe we'll actually see a rotation in that price. Let's see here, isn't that sub 10 right now, it's just been a disaster.

Go eevee! Here we go oh yeah, 8 41. geez disaster, so lucid earnings. Are they today, okay, uh, lucid, lucid, we'll afford it's q3. This evening, oh yeah, on the 15th okay, yeah that'll be very interesting uh, i you know lucid earnings, it's all going to come down.

To i mean their. Their margin is going to be terrible uh. But it's going to come down to hopium on this earnings call in terms of what it's going to do. I think lucid at up 1.8 has a very good chance of missing substantially, because what they're going to reveal is, i don't think it's going to look good unless they come out with hopium and hopium could be something like hey we're coming out announcing that we're on Track to deliver a thousand cars this year, in fact we're we're gon na be more.

You know than the thousands here i, which i don't believe, uh or you know some kind of crazy expectations for for next year. I i don't know, i i think it's uh. I mean i don't want to bet against it, because this market will take any little euphoria thing and and blow it up and keep in mind. You also have you are in an in an ev cycle.

Right now, like evs, are hot right now, uh, it's the only reason: tesla isn't falling more and people are actually buying. The dip off of elon basically is because evs are sexy right now, uh. You know the fact that tesla's only down two percent today is, quite frankly, remarkable uh, and it's been on this incredible downtrend here but um. You know beyond that: the uh, some of the ones that that are not hot right now, probably a lot of honestly.

The recovery stocks which the recovery stocks i always worried, they got worried they they overstretched a little bit with some of their evaluations but uh. It does make you wonder if you get full vaccination out for uh children, which you still don't have you know you've like the sub five children. They still can't get vaccinated, not making a political argument here that they should or shouldn't just that they're still not vaccinated. So it like what are your next potential catalysts for recovery and recovery stocks? You know: here's cheesecake sitting at 44, down from 65 carnival cruise lines, is down from 31 at 22.41.

Uh broken that up trend here, you've got uh. Let's see simon, i mean malls are like full debt. I don't understand honestly how simon property group is, is at 171 uh or i'm sorry it's at 165. Right now i ran up to 171.

uh. I mean like i knew it was gon na blow up from from 50 and 60 back when we were buying it last year. That was obvious. So was any recovery stock, basically, unless they were gon na go bankrupt, but this pricing is insane for for malls, which i'm not very enthusiastic about like i want to know how dead black friday is going to be this year.

You know i don't know who remembers this, but i remember as a kid which sounds so weird because i'm 29, like i, don't feel that old. But i remember as like a 12 13 14 year old so 14 years ago, 14, 15 years ago. Getting really excited about black friday and you'd go to the mall at like 11 30 p.m. To to be there for the midnight launches of the sales at best buy and circuit city, uh uh, you know game.

Stop how many midnight launches have i gone to a gamestop? You know splinter cell, oh splitter saw chaos. Theory he's coming out taking school off tomorrow, going to the midnight launch the burning crusade, taking school off tomorrow going to the midnight launch. You know that, like those are the cool old days of retail man, that's gone. That's over that is so over uh.

You know you're gon na be doing that in the in the meta verse. Oh toys, r, us! Oh my gosh. I do remember that as well. I remember uh standing in line for furbies.

That was like that's like the uh, the nft before nfts. Oh, i got the purple. Furby uh never did walmart midnight. No, i never did that.

One circuit city blast liquid all day. Yeah, that's weird! It's really weird, but i mean like these are like these big things. Don't happen at malls anymore. How could you invest in simon property group at 165 dollars today, uh, it's it's nuts! How old went 29.? That's nuts yeah! Now it's all about the nft drops! Ooh did i sell matterport today? No, no, i didn't uh.

I do think it's euphoric uh, but uh. You know i'm i'm. Basically out of margin. I generally don't sell stocks when, when i'm out of margin uh, you know i did sell.

I did trim a bunch of stocks uh friday, but that's because i was getting assigned to a million dollars of tesla and uh uh. You know some of these were relatively small positions and in sure tech insure tech has gone to crap. So um i mean to make my insure tech, video uh and it's it's. It's gon na probably be something like kathy.

Wood was right. Um fulcru, i mean like you, you got ta, be honest with yourself and with others when somebody else is right and you're wrong. You say it um, but anyway, so uh, what else? Okay, wow! So, let's see here, uh win four point: almost back to a hundred dollars, it's pretty impressive, lucid is actually rallying into the clothes and in fairness it's it is. We are in the ev euphoric cycle.

Uh, this is the time, in my opinion, not to buy evs, but uh i mean, with the exception of maybe like if tesla continues to have these beautiful juicy dips. Uh i mean hey elon, keep your foot on it. I don't care like please, please elon bring tesla back to like 800, so i could sell some other stuff. I don't really want and uh and i could just concentrate more into into tesla uh, any hope for insure tech.

I mean sure, there's always hope but uh. My hope has been substantially diminished all right, let's get to the bell and do some earnings and i'll explain why there's there's like there's one line, one line in an earnings report. I finally found it. I finally found you and uh it's bad.

Yes, if he's trying to go positive as he approaches a couple of high-profile designers, tesla, uber, peloton and cydia and amd all down, but knocked down enough to wait out the major averages, the s p, just turning. Okay, there's the close down down 0.03 s, p uh. Basically, flat nasdaq 0.04 to the downside, russell's down 0.45, the russell small caps uh getting getting killed here - uh, oh lucid, financials, okay, lucid has 13 000 reservations, lucid quote, remains confident in producing 20 000 units in 2020., uh lucid announces their financial results. Uh, i'm just going to scroll down to look at the statements here really quickly.

I don't really think there are real expectations here. Uh. Are we not getting financial statements hold on? Okay? I don't know what this is come on. Airdrop there we go okay, so uh.

Okay, they remain counted in about next year, but what about this year? 4.4, bringing in 4.4 to the balance sheet on the dspac epa? Certifications? I don't really care! I i care about deliveries for 2021. Please uh, lucid, kicked off the expansion of manufacturing plant for a production capacity of 90 000 vehicles per year by 2023. Expanding the air production, adding production capacity for project gravity uh, okay, this is just talking about factories, announced lucid care whatever. Where are the financial statements? Dude lucid, give me the financial statements.

This is not i'm getting tricked here. You don't like it. Investors, uh corporate financials, come on man, sec filings, nope no filings yet press release come on man; okay, fine uh, still waiting for the financials on lucid, okay, fine, we'll come back to lucid. Let's go look at some of the other ones, so we have desktop metals.

Idex, i i don't know anything about that. Darn thing, but i know other people like it so i'll, look at it. Individual company news, individual company news desktop, has not reported yet idex has not reported yet that's okay. Usually they report five minutes after what's another one.

We want to look at today, ammo. Imagine that one's somewhat interesting to some people, each body reporting today is that true, oh okay, uh, you must say it in the schwarzenegger. I'd be back! That's funny, all right, so idex dm ammo waiting waiting waiting uh. I don't know no body announced third quarter.

Financial results, oh release date; oh maybe okay! I don't know if that's today, okay, let's see here what else, what else? What else? Uh? Oh api? Actually reports remember when api was so cool because of uh. What's that app called that nobody uses anymore? Oh my gosh, i can't even think about it right now. I can't even think of the name right now. You know the the talk app where you join and like twitter, replaced it with twitter spaces and discord.

Does it now with stages um, whatever? I can't believe i can't think about it, but it's okay! It doesn't matter looking at other names, so i come up here, nah a clubhouse! That's it! Thank you all right! So uh, okay! So i'm still not getting actual news here on lucid, which is very annoying like give me the actual filing. Oh, this was just the press release which we already saw. Where are the financial statements? People? You must report financial statements when you report, you can't do this. You know what's interesting to me: is i don't see a single reference to 2021 in here uh in terms of uh vehicles? Nothing dude, nothing about 2021 deliveries, nothing yeah! Let's see here, elsid, it's they're, not mentioning 2021 deliveries but for some reason, uh.

The stocks kind of bouncing all over the place here, uh all right, so desktop idex, nothing, nothing, nothing yet ammo, nothing, yet beachbody, nothing! Yet api is nothing yet and canoe canoe, put volume, heavy and directionally bearish yeah, i mean canoe could go bankrupt here. If they don't get their act together, uh is bloomberg. Talking about lucid now, all right, oh uh, canoes results just came in hold on a sec canoes results. I also don't know what their expectations were.

I mean it's not like they're, really selling anything. Okay, so okay, lucy or um canoe, there's no summary on this grew workforce by 22 cash and equivalence of 414 million. As of september 30th, uh net loss in the quarter of 80 million. They don't have a lot of quarters left.

They're gon na have to raise money soon within the next year here and their stock is so down. It's gon na hurt, there's really there's nothing on here: revenue for canoe, zero, zero revenue for canoe r rnd came into at 59, mil general and admin at 45. Now, why is your general in admin so high? You guys aren't even selling anything uh and to me it looks like bloomberg's talking about biden and signing the infrastructure bill into law. So thank you.

Thank you. Just take the obvious. Boris would have happened without all of you. I really mean it and also to the government.

That's boring! Okay, going back to earnings here, so hmm, okay, beachbody just came in with a loss per share of 13 cents, revenue of 208 mil and uh loss of 33.9 expectations for beachbody were uh a loss of 47 mills. They actually had less of a loss than expected. They this is a beat, they beat, they beat that way, but revenue came in lower hold on yeah revenue missed a lot: oh wait. They were expecting 247 and they came in at 208.

That's a 208 divided by 247. That is a 84. That's a 15.8 percent. Miss on revenue, but they beat on the bottom line, so the revenue number, i don't think, that's bad, that's bad for body.

People are going to like it. Yeah that can't be good stock. Doesn't like that stock. Don't like that! Okay ammo! Come on man.

Give me some summaries here: they're literally, all of them are not giving me a summary. It's it's quite frustrating uh, because it takes me a lot longer to do it normally desktop metals. Metal falls. 11, no summary either.

Okay! Well, i can look at their expectations here. Revenue growth, uh revenue came in at 25.4 mill. What was their net i'll? Just look at the financial statement, so they came in at 25.4 net and a loss per share of 26 cents net loss of 66 mil so the numbers to remember 25.4, 66.8 and 26 and the estimates for desktop metal were a loss of 23. Oh, that's a huge, miss and revenue of 28 slight miss.

So that's a huge miss on the bottom line, though, isn't it 23 hold on 23? Wait a sec! It's hard to remember this stuff: the yeah not lost came in at 26 cents and the consensus was 9 cents. Oh yeah consensus, loss per share of 9 cents came in at 20 over 20 cents. Let me go back to this revenue of 28.6. No, but there yeah the revenue wasn't that big of a miss because their revenue expectation or their revenue came in at 25.4.

It was the loss per share. It's the bottom line that missed so terribly the net income yeah! That's that's what killed them here! Ouch! It's a big drop there on desktop dm yeah. It's not doing so bad. It's down about four point, two: what what is this almost four percent and then where's body body is down 13.

Well. Is that true i mean the revenue was: was a 15 miss yeah? It is it's down 14 folks holy moly. This just shows you just because they're cheap doesn't mean they're a good deal. It's not good, no, all right! So beachbody seeking alpha, no with boring pouring point all right.

We don't yet have api by the way canoe results. I'm still trying to take apart here it did, i mean they had no revenue, i mean, what's what's there to to show they're burning, more cash and they have no revenue so they're down two percent. I mean that's kind of expected, honestly uh and then what i really want to know is why lucid is not disclosing the 2021. Yet it's up all of a sudden 5.

So i don't know what happened here. No other news other than it just being on track for 2022 production. Well, it's obviously because they're going to miss 2021, but the market doesn't seem to care as long as they're on track for 2022, apparently is what the market cares about. This is why you can't you can't bet against ev stocks in an eevee super cycle, so they have operational capacity for 34 000 vehicles a year uh they want to get to production to 90 000 a year by 2023 yeah.

The good news is, they have money. You know that's the thing they have the money: oh wow uh. This was kind of buried in here. Customer reservations were 13, 000 and q3, but have since grown to 17 000, plus, that's actually pretty good.

That's a good growth in in reservations. It's not just people who are excited about the ipo wow. Let's see here, okay, all right! So what else? Let's see here? Oh wow, why did marathon digital tank 27 today holy moly? Let's look at this while we wait for some of these other earnings to pop up marathon digital nickel reported outstanding reservation, i'll, take a look at that so marathon or receives subpoena tied to hardened data center. Oh, that's not good scc inquiry, wow, oh and and an offering oh double bad news today, 500 million offering and an scc both that's crazy yeah, but that's what the stock market's for all right.

What's going on with nicola? Oh my gosh, i can't believe we'd still utter those words uh, i think uh trevor milton is still exposed to a criminal investigation in new york. I believe oh look at this. Just in about 30 minutes ago, judge rejects nicola founders, bid to dismiss fraud case all right all right after hours. Here, uh owlette is up five percent.

Oh well! That's almost back to five dollars! How cool is that? Oh, but it fell seven percent on the day. Well, that's interesting: uh playboy playboy must have reported. Let's look at playboy playboy i like how for playboy like the ticker is plby, and then here it just says, plby group, as opposed to writing it out all right. Playboy came in with 58.4 mill in rev and 18 loss per or yeah loss per share.

The expectation was for a loss of 3 cents, wow, that's a lot worse of a loss than expected and revenue was expected to come in at 56 and it came in at 58. So the top line came in great, but there's also talk about how that the estimate might not compare. I'm not exactly sure why, but i mean that's a beat on the top line there on playboy, that's cool, it's up, seven percent. Now yeah, it looks like there's.

There's definitely some uh clear something going on here. Let's see 67 percent increase in revenue, we've made meaningful progress, expanding us direct to consumer commerce, business optimizing our license. Partnerships, no summaries here, just a big statement; well good for them. Direct to consumer revenue grew 139 year over year to 36 million wow and licensing revenue is up.

14. That's incredible! Uh! Let's see here, lucid air was named motor trend car. You know. I saw that and i kind of glazed past that i i me is that maybe why it's moving i mean i really care about the magazines uh, but maybe that's a bigger deal than i think it is.

Oh lucid group confirms win of the 2022 motor trend. Car of the year - oh good for them, maybe it is moving on that. Oh that's incredible! I think it's a great car. That's why i pre-ordered one but uh! I don't know if i actually need a new car and um, i just don't think they.

They have a shot really in the self-driving department, they're gon na end up partnering with somebody i think i mean they've dropped hints before about maybe like an apple partnership or, and things like that. Okay. So, let's see here i send in my request, but i haven't heard back all right ammo. What about ammo is doing also no ammo reports.

Let's see here, ammo came in at 61, mil in revs and adjusted eps of 17 cents, profitable, so 61 mil and 17 cents. Let's compare those two things: 61, mil 17 cents. 61 61.17 expectation was 10 cents. So that's a beat.

Revenue expectation was 55. So that's a double b, that's good! Oh so pow ammo should be doing well. Uh pow, not really it's up two percent man that seemed like a good beat lucid five percent on on that motor trend, thingy, majiggy and matterport still going 1.4 percent. Let me see if there's any matterport news today, because i'm pretty sure it was just momentum uh by philip morris, no okay, yeah everybody's, referring to matterport as a as a metaverse play.

I mean that was instantly. What i did when i uh when i uh when, when the metaverse talk, came out, i'm like yes matt report but uh, i didn't think everybody else would would all of a sudden think the same thing uh. It makes sense. I suppose, like it certainly wasn't.

Gon na buy facebook. I never liked facebook, where i guess i should say meta all right, so lucid's, almost up seven percent in the after hours gosh, that's incredible: uh, beachbody, down 15 desktop medals down; seven, our comodo's down four and a half did they report yeah? It's possible there's a, i think, matterport has confirmed meta deal or something that was a long time ago that they were doing something for their charity or some kind of scanning. I didn't know that there was anything recent i mean. Maybe you are referring to something recent and i haven't heard about it.

Look at this headline from bloomberg: news quote: tattooed chef arcimoto among most shorted stocks, ahead of earnings. Oh oh tattooed, chef sitting at 37.1 percent short arcimoto at 34.7; short, oh whoa, wow, wow. All right uh, how i wonder: let's look at what tattooed chef's expectations are so the thing's at 1639. It's bled been bleeding.

It's done, nothing uh pretty much for a year, which is kind of crazy to think about november 15 november 16th. The closest i can get it closed for 1686.. Now it closed at 16.36, ouch um. They really need a breakout here, hey, maybe this will be their breakout quarter.

I mean looking at beyond meat. I don't think so. But then again, all you need is a motor trend. Uh certification and your bad earnings go up.

Nobody bats, an eye at the fact that you didn't report anything for 2021 and uh yay, so uh expecting revenue of 64 mil for tattooed chef. Next announcement is tomorrow: 64 mil revenue is the expectation. Let me see if i can get quarterlys here. So if i go to quarterly's and i go to the last one, they were at 50.7, so the market is expecting them to grow.

About 15 64 divided by 15 points. Uh 50 points. That's no! I'm sorry. What is it really that much? It must be 26.

10. Oh yeah yeah. I did that math wrong yeah, i'm thinking 15 million at 15 26.2 quarter over quarter revenue growth of 26 that'd be like an annualized rate over 100. Maybe good luck! That's how that seems like a high bar loss per share.

Six cents, we'll see, is the expectation which they were at six since last time, and then they are expecting some margin improvement which that that'll be good if they can pull off the margin, improvement and the revenue beat that'd be good, especially if their revenue came in Way higher, you know, who knows, maybe their revenue will come in substantially higher, then it'll, then it'll move substantially that'll be awesome, tattoo chef, okay, idex, and is it really that we have to wait for idex nine minutes? Let me see here, idacs idax yeah. I don't know why they're taking so long, okay, what else here, oh beachbody, selling off more sixteen point, eight percent, seven percent on desktop arcimoto, four five norwegian did norwegian come out with bad news: nh nclh! I could never remember that ticker. It is just the weirdest ticker it should be like nor c or something uh norwegian to offer exchange notes, exchangeable notes, proposing to sell 800 million of exchangeable senior notes. Oh got it okay and idex reports next week.

Now, oh, so it's not good when they do that. Especially last minute, like this, oh well, hmm look at bitcoin selling off a little bit. I had a dream that it crossed 70 000 and then i woke up and realized. It was just a dream, but folks look at it continuously bounce off this little like crappy line that i've got drawn here, it seems to regularly bounce off the 63 7 number kind of interesting, at least here recently.

That seems to be a threshold line. I mean - i know it broke past here, but that's why it's not a more solid line: romeo power, romeo power. What is that uh romeo power reports? Uh eps, beats by 15 cents. The consensus was negative: 28.

They came in at 13 cents. Revenue came in at 5.76 million - oh 5.76 million. That's a tiny company! Oh my goodness, they're teeny tiny little baby company. They are an energy technology, company delivering electrification solutions for commercial applications, headquartered in la romeo power.

What is this thing? Rmo? Rmo? Oh wow! It is definitely bled out it's up 18, though, in the after hours. I don't know that i would have wanted to be a hodler throw this. It's a 593 million dollar market cap. How is it a 593 million dollar market cap with five million of quarterly revenue? Oh, my gosh, it's 100x! It's quarterly revenue.

That's insane! Dude! The stock market just doesn't make sense. Just doesn't make sense these days. Oh yeah, yeah. It's like what warren buffett says.

The stock market in the short term is a voting machine and the long term is a weighing machine. That's what you're seeing here it's going to end up being true for crypto as well, we'll see, which ones end up getting weighed out and lasting uh. So many of them, it's incredible beachbody, now down full 19 dm six point. Four eight percent and owlette's got that five percent did owlette report news.

Let me see here quickly and biden just signed the infrastructure bill. Let's see i'll, let individual news owlette! No, no news! Alrighty there you have it well. Thank you folks, for being here. I will see you all in the next one thanks again folks, bye.