i just spent a silly amount on these stocks

i just spent a silly amount on these stocks

holy smokers folks this ain’t no dang jokers you gotta be flipping my flapjacks every time the russell and the small caps seem like they’re taking a step in the right direction they go right back the other way right back down russell down another one percent plus here today ton of the small caps getting hurt in a major major way got to get into in this video some stocks that i bought very heavily today i’m not playing any more games in this market okay warren buffett very interesting comments around inflation’s stocks and some of the best stocks and war stocks to play during inflation environments then we’re gonna get into some kathy wood comments that came out here today literally just a couple hours ago around what she has to say okay so we got a lot to cover in this video i hope you guys enjoyed this as always all i ask in return is that you smash that like button and that is literally it guys flip my flapjacks i appreciate it okay let’s talk about the hood first off okay so robin hood reports earnings last night uh obviously wall street didn’t take that as a positive this has become i kind of i mean it’s kind of like a meme stock right uh down 10 plus here today right and when you see a move like that down it’s going to pull confidence down for a whole host of stocks that are in the retail trader community it doesn’t have to just be meme stocks but obviously it pulls a ton of them down look at amc here today right amc down eight and a half percent that’s gonna pull confidence down even bigger when it comes to a lot of these stocks right and also it can start margin calls let’s keep it honest right they can start margin calls if somebody’s margined out and you get some of these 10 8 percent downward moves look at which stock that’s another stock that’s gotten pretty darn popular in in those communities and look at that stock it just continues to get devastated down nearly 10 percent here today on basically no news with that stock it’s just vicious vicious then you have this come out okay about an hour ago kathy woods says stocks are not in a bubble now in a day in which the market’s getting destroyed or at least a lot of these small caps high growth companies have been getting destroyed or meme stocks i like the whole bunch right oh they all kind of get tied into one man and uh on a day when you know those stocks are having some trouble it’s not always the best look to have a headline like that it almost like becomes a meme in itself right but as far as what it’s kathy would have to say i think she had some really important things to say here okay orc invest kathy wood on thursday defended her innovation focused strategies in the wake of investors betting against her funds a la michael berry we covered that earlier in the week okay she says i don’t think we’re in a bubble which is what i think many bears think we are wood said on cnbc’s tech check on thursday in a bubble and i remember the late 90s our strategies would have been cheered on you remember the leap frogging of analysts making estimates one higher than the other price targets one higher than the other we have nothing like that right now in fact you see a lot of ipos or special purpose acquisition companies the specs coming out and falling to earth we couldn’t be further away from the bubble i gotta say kathy wood makes a really really interesting point in a bubble scenario it is certainly a time period in a bubble scenario right where everything’s flying high it’s euphoria right and i could say we’ve definitely had a lot of those vibes and feelings in the market back in february but that was february now it’s uh what middle to late august now we’re talking about and i can tell you that’s not the vibe at all many of those high flying stocks since february are down anywheres from 50 60 70 percent a ton of those stocks right significantly off 52 52-week highs and it’s not like you’re just seeing all these ipos and specs come out and they’re like well that one just boomed and boomed no that’s not happening right now in this market okay so i will say kathy wood makes some phenomenal points right there now in regards to hedge funds and other folks betting against her funds etf she says when i see such negative sentiment out there especially when it comes to valuation in longer term horizons investment time horizons i actually feel a little more comfortable i like the bad news wood said the discounting is worse now than the news will actually be i actually feel better in that environment for our strategies and i will say once again i agree with kathy wood in this scenario as well the last thing i want to see is everybody uh in a euphoric state in cheering on stocks buying everything in sight right in stocks i mean honestly in february i felt really really uncomfortable right and maybe even a little bit into march it was an uncomfortable feeling it was just it was a different vibe right and it starts to get a little scary the valuations get pushed up so high you have to pay nosebleed prices if you want to buy anything and in that type of market i’ll say i definitely don’t feel comfortable i feel so much more comfortable when i’m buying stocks that are down 30 40 50 60 70 percent from 52 week highs i can tell you that much okay although it you know it’s like catching a falling knife right as they say and absolutely i’m i’m catching all these knives and i’m getting my hands sliced every time as it goes down and i’m fine with that i feel much more comfortable than uh when the knives are all above your head and they haven’t fallen yet and you’re like oh man these knives are all about to fall and one’s gonna hit me in the head and i’m like you know just count the clock that’s what it felt like in february and tell you right now it’s not like that at all wood said that much of her bearishness on her funds is focused around inflation and interest rates going higher however the portfolio manager’s macro thesis focuses on deflation from innovation the innovation around which we have centered our research these five platforms dna sequencing robotics energy storage artificial intelligence and blockchain technology are barely off the ground said wood there or traded around flat line on thursday she says the seeds for all these platforms were planted in the 20 years that ended in the tech and telecom bust and ended in tears and there’s a lot of muscle memory around that but that’s not what’s going on right now i don’t think the market is ready for this we’ve never been at a more provocative time for innovation in history would set so that’s very very interesting comments there warren buffett i saw this come out warren buffett says that these businesses do best during periods of high inflation which right now we’re definitely in a period of high inflation how long it will last that’s a that’s a popular subject right it could last another uh let’s say a month three months six months maybe 12 months i can tell you this crazy inflation will not keep up forever that’s one thing i know for dang sure okay from used cars to gasoline to groceries inflation continues to raise the price of goods in the u.s the consumer price index which measures how much consumers pay for an assortment of products jumped 5.4 last month from where it was in july of 2020 matching its biggest jump since 2008 though some economists and other financial experts say that the current rate of inflation is nothing to worry about inflation has become virtually impossible to avoid yeah i feel like on millennial money we’ve been talking about that for months okay but when it comes to investing berkshire hathaway ceo warren buffett one of the greatest investors of all time one of the greatest businessmen of all time if and no one knows who warren buffett is okay says there are some businesses that are more likely to succeed than others at a 2015 annual berkshire hathaway shareholder meeting buffett was asked which of his company holdings were best poised to thrive during a period of high inflation which is what we’re going through right now warren buffett’s response was the best business to own is one that doesn’t require continuous reinvestment because it becomes more and more expensive as the value of the dollar drops the best business during inflation are the businesses that you can buy and then you don’t have to keep making capital investments subsequently buffett said adding that any business with heavy capital investment tends to be a poor business to be in in inflation and often is a poor business to be in a general businesses like utilities or railroads keep eating up more and more money and aren’t as profitable he explained he prefers to own companies that people have a connection to a la brand strength okay brand strength which is something i definitely value if it’s a consumer company in a massive way instead a brand is a wonderful thing to own during inflation said warren buffett buffett said that’s companies like c’s candies which they’ve owned since 1972 okay so yes absolutely you know brand is everything especially if you’re dealing with consumers and high inflation environments yeah probably not the best for a lot of those companies and the crazy thing is you know the inflation it’s gone insane but it could come down real quick as well these are definitely some things to keep in mind and then you could also end up in a deflation environment and it happens so quick wall street’s always late to the game to recognize that something important to keep in mind so here today at this household it’s another red fireplace day we got a chance to turn it green yesterday it was a green fireplace yesterday man did it feel good i had to dust off that button for the the green the green fireplace okay but yeah we’re back to red here today and so i spent a whole lot of money on some stocks today okay well first off the corsair the crsr look at this stock here today it’s 25 and some change man like when does a pain stop and corsair gaming it’s just it’s been vicious for the stock let’s be quite honest and you know i’m looking at the stock at 25 here today and i’m like i can’t just sit on my hands and see corsair at a 25 and be like i’m not gonna buy corset like no i just can’t do that man and so yes i had to buy the stock heavily okay in this account i bought 27 564 dollars and i bought another 764 dollars in that account there in this one here i bought 50 000 plus dollars of corsair gaming i’m not playing around i’m not making five 10k type buys anymore uh when it comes especially corsair gaming okay i gotta load the boat and in a massive massive way on this talk okay now if i added up all the shares in all the different accounts i’m now over 25 000 shares of corsair gaming and here’s the thing i’m not done buying this stock there’s no way i’m done buying the stock it’s just like like flat out if it stays around here if it keeps moving down which you know who knows when this downtrend is going to end eventually it’s going to end i promise you that but we don’t know when it’s going to end but as long as this downtrend continues with stock i will continue to buy and buy and buy and buy and let me be very clear this is my number one play for 2024 call options when those come out uh toward the middle of september so i’m going to be watching those like a hawk and yeah i welcome the stock if it wants to continue to go down to 24 23 22 whatever okay i’ll gladly continue to buy and like i said my number one stock i’m most interested in and by the way if you’re interested in what specific strike prices i could be looking on for call options and by the way if no one knows what call option is just think of it as this okay this essentially would be me placing a bet that corsair stock is going to be above certain prices by january of 2024 okay the strike prices i’d be looking at twenty dollars uh if they had a 22.50 i’d be looking at those uh 25 obviously 27.50 i would also be looking at 30 dollar strikes and believe it or not i would even be looking at 35 strikes for corsair gaming which is way out of the money and that’s a high risk play like let’s imagine let’s fast forward and imagine you know where we’re you know a month from now in the future and imagine corsair gaming’s trading at 24.25 something like that right i mean to all of a sudden go way out of the money like that 35 is it’s definitely far but i can tell you in the stock market world january 2024 is like a million miles away man and uh i think the you know the revenues will be in a different place and net income will be in a different place hopefully a lot better place and uh the way the company is viewed by wall street will be in a very very different place come that time so yeah that’s all the prices i’m looking at there for corsair and by the way i just produced a video light last night around corsair gaming and where i think the stock will bottom at so if you’re at all interesting corsair gaming make sure you check out that video it’s on this channel okay another stock i loaded up on here today i think people know this one it’s the chef okay no doubt tattoo chef it was down today it was back to where it was uh like two days ago and so i said uh i kind of gotta buy some more chef here today so i bought 3100 and then a 1500 and then another 3100 of the chef there and then in this account here i bought 1 716 shares and then 506 shares those are at 16 and 8 cents as far as those chairs purchased there so the chef now i am over 62 000 shares of the chef and i’m still not done buying that one i plan to continue to buy that one especially on any major drops okay it seems to definitely have support in the 15 range like you know it seems to want to flirt with getting down the 15s and then it pops right back up i kind of consider tattoo chef’s uh real like 52 week low is kind of being around like the 1550 range so if for any reason it drops through that 1550 range i will gladly buy more shares of stock as far as me for 2024 call options it is my number three stock i am most interested in 2024 calls so a little different strategy when it comes to tattooed chef right i’m loading the boat on shares of tattooed chef but the the thing that is hard when it comes to tattoos chef for 2024 calls is the fact that the company is not profitable yet right not profitable yet horse air gaming i feel unbelievably comfortable buying 20 24 calls because it’s a revenue story but it’s also a net income story tattoo chef it’s really about the revenues and sometimes it’s really up to wall street when they want to recognize when they’re going to respect the way tattoo chef has grown their revenues right i mean we just saw them they put a 46 revenue growth last quarter 62 percent branded revenue growth and wall street did not respect that the stock went down what 16 17 percent the next day so the fact is you know if you’re thinking about placing a time sensitive bet it gets scarier for stock like tattooed chef versus corsair gaming with that being said it is still my number three stock i am most interested in for call options okay and by the way if you didn’t get to check out a video i put out a couple days ago on when and where i think the stock will bottom definitely check out that video i put out that video a couple days ago on the channel so definitely check out that if you’re at all interested in the chef hope you guys enjoyed this video as always if you’re wondering like how the heck do you do this stock market stuff how do you research these stocks what do you look for how do you run portfolios you’re seeing all these deals all over the place for a lot of these small caps and you’re looking to get involved in the market you want to download everything from my brain directly to your brain check out the pinned comment down there that’ll be to apply for the private stock private discord chat and learn literally everything i possibly know and uh yeah when you’re in these type of markets usually the time to take advantage and not just kind of sit on the sideline forever and be like i’ll get to it next year a couple years from now uh in a hot market yeah that’s the time to that’s the time to kind of chill out right in these shorter markets you got to make sure you’re taking advantage thank you for watching and have a great day [Music]
rn

i just spent a silly amount on these stocks

rn

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *