TODAY BENZINGA GLOBAL FINTECH AWARDS
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Episode Summary:
- GE splits into 3 companies
- Roblox earnings RBLX
- AMC earnings AMC
- Lidar stocks LAZR
- EVgo ripping EVGO
- Robinhood data breach HOOD
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Guests:
Dave LaValle, Global Head of ETFs, Grayscale Investments 33:00
Meet The Hosts:
Dennis Dick
Twitter:https://twitter.com/TripleDTrader
Spencer Israel
Twitter: https://twitter.com/sjisrael
Joel Elconin
Twitter: https://twitter.com/Spus
https://www.premarketprep.com/
Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.
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Unedited Transcript:
Oh, my gosh, everybody. Today's one of those days with like 10,000 things happening, there was no way we're going to cover everything that we want to cover on today's show, but that's all right. We're going to get to as much as we can. Let's get this thing started
coming to you live from downtown Detroit. This has been zingers pre-market prep with your host Joel Kahn. And this is a vowel tile puppy here. Isn't it. And Dennis Dick I've been the penny. I will buy the stock for pet with everything that you need to start your trading day.
So, as I was saying a lot to get to on the show, we have earnings, you know, this, we have GE probably our story of the day. We may get to, if we have time, Robin hood wide, our names raping here, uh, Nvidia AMD. There's just so much going on. Let's bring Joel on here. Joel. Good morning. My head is spinning. I can't keep up with the market.
Please bring up your shorts for us and let us walk through them. And then we'll bring Dennis on. Did I, did I miss the intro? Oh, okay. Sorry. I missed see a downtown Detroit. Let's see here. What about six handles at 46 88? We made a new all-time closing high yesterday, but we didn't make a new, old time highs that made sure forty six ninety four.
I'm going to call that the number for the remainder of the week down five, three quarters handles at 46 88. Crude up 34 cents in 82, 26. She's kind of hanging out here above 80 tills. If we can hold 82, the remainder of the session, gold down to tab, but still above 1800 silver stuck in the 24 handle.
That's down about a diamond 24 44 Bitcoin futures up $1,570. 68,000 oh 55, Ethereum. That's up $35 and 75 cents and 48 35 and a half. Ah, we got a big trip. It's triple D ready to come on or he's always ready. How are you doing dad? I, I feel you have. You know, there's, you know, and in the casino and everything, there's an edge, right?
You're trying to trade the edge and your edge might be 51%. It might be 52%. Maybe you got a kick ass edge, and it's 60%, you know, it's all about the edge though. You've tried to take the edge, but on any edge, there's a random, you know, on any given trade, there's a little bit of luck involved. It's random, good luck sometimes.
And it's random, bad luck sometimes. You know, we know I trade overnight. I often have 50, a hundred positions overnight. Sometimes they don't have that many positions. I didn't trade much last night. So I didn't have very many positions, but I happen to be short one stock. And I want the chat to guess which stores, which stock do you think Dennis was short over nine.
I'm already covered so I can freely talk about it, but which stock do you think I was short over? Let's drive for guests is in the chat, drop your guesses in the chat, and you can tell them in a bad mood kind of already. So, you know, I'm probably on the wrong side and if roadblocks will be a bad guest, cause I don't take stocks, he was short into earnings.
It's usually going to be random news and yeah, they're getting it now read the news. Random news, financial engineering hit me in the pocket book here this morning. I'll tell you that much because yes, indeed. I was short general electric overnight. Yes, indeed. I have covered general electric already and ate my loss because when you get hit with random news and you're sure to stock overnight, what do you do?
You eat the loss and you move on. And that is what I have done here. I came in John, when I came in this morning, actually I didn't get in here till late. It was 6 45 and I bring up my, you know, my I'm bringing up my quotes and bring up everything. And I look at GE and it's up 17 points. Did it get taken over?
I'm like what? There was, it wasn't earnings. It wasn't on the calendar. Then I'm looking at the pro and I'm like, ah, splitting up into three companies, a little financial engineering Trek. It was 1 25. When I came in this morning, I ended up getting out at one 19 and a half. So I ended up getting out a little bit better.
It's one 17 now. So I guess they should have held on more, but show the pre-market chart of GE. That is an explosion. Um, it was over 1 25. Yeah, I guess 1 25. So when that big purple candle happened there, I got out on that big purple candle and moved on, but wow. That's a, that's a bad luck yesterday. It was short caterpillar and a bunch of infrastructure stocks that wasn't good today.
It's geez, it's been a tough week. It's been a tough week. We're saying you need to adjust your trading strategies. Absolutely not. So on any given thing, there's a random of lock. And if you try to start adjusting your strategies because he got a bad two run, but you have a history of the strategies working while for years, you do not adjust those strategies.
You continue to do them. Um, if it was like, if it's something else going on, it's different, but you get hit with random news. That's not bad trading. That's bad luck. So there's a big difference between bad trading, bad strategies and bad luck. And once you're in the game for 21 years, you can decipher it pretty quickly.
Am I trading bad or am I having bad luck? I actually traded GE fairly well. It's 1 25 and like, well, that's stupid. And then it came in and I saved myself six points. So, you know, only up losing nine or whatever you can say, oh, well, that's just, you know, horrible trade it's bad luck. So in any given thing, you're going to, if you trade.
You are going to have some good luck and some bad luck. The key to successful trading around the luck is to maximize your gains when the luck is for you and to minimize your damage when the, when, when it is against you. And that's what you gotta do, that's high, you've got to approach it. You know, you're going to have some good traits too.
I mean, I was long Fisker overnight. I I'm long fiscal in the term account, but I was also long overnight. That's some good luck. It's one of my favorites of six and a half percent who my I've already sold that day trading portion, but I've still got my long-term account. I didn't touch it in my long-term account, but I say on any given trade, there's some good luck there.
A little bit of good luck. You try to maximize that as much as he can. So the worst thing you can do, and this is what we like talking about is, you know, different strategies. The worst thing you can do is have a strategy that works like for you for the last year. And you have a bad two days with it and you stopped.
'cause, you know, what, on any given strategy with the casino close the doors, because somebody came in and hit, you know, on the, you know, and, you know, and, and hit a page, you know, on a slot machine, the slot machine pays out and they lose big time on that slot machine that day. Do they close that slot machine down?
No, they keep it running and they know if the players keep playing, eventually that edge will work in their favor. So if you have a statistical edge, you keep employing it. It's like, people will say, oh, I'm having a bad trade. You know, oh, I'm losing too much on the day I stopped trading. I never do that because I'm trading statistical edges.
So I keep trading that day. And a lot of days like yesterday, for instance, I started the day down significantly. I ended up scratching yesterday, so I would Claude myself out and scratch myself out of the hole. If I would've stopped trading at seven o'clock in the morning, cause I had a bad overnight trade in caterpillar and a couple infrastructure stocks.
I wouldn't have got my money back, but I did get it back. Cause I'm applying statistical edges throughout the. Well, I I'm starting a big hole today because of gee, will I stop trading because of that? Absolutely not. I'm going to continue to employ my statistical edges and maybe starts to dig your way out.
Maybe it doesn't. I mean, maybe I'm just going to have a really bad run in my 53, 50 5% edges, the other guy's going to hit the other, person's going to hit and hit and hit, and that can happen. But the worst thing you can do is adjust all your strategies because you had some bad. And I just have to say that you're, you're the best loser on wall street.
I mean, I'm looking at that G like wanna shoot G the finger. No, you can come on and talk about it. And, you know, that's just the, yeah. The maturation process of, you know, I mean, you started with me a long time ago, but you've just taken things just like to such a far level to, you know, to be able to do this because your first inclination is man, I'm selling more.
Um, I want to sell more and that's the wrong thing to do. You will, you moved on, you covered it, right? Whatever, wherever it ends up today, it ends up today. But you know what? Your mental capital right now, your approach to the market is it's different. Now, if you started that Gian, you'd be like, oh, should one 16.
Yeah. You're glued to it. You're right. You're glued to it. And you're like, I can't take my eyes off it. Mom. I'll hope it's going to come all the way back down to flat. You think it's going flat today? Do you think it's going flat today? You think they could do a split the company in three and it's going to come back flat.
It's probably highly unlikely. It could market can do anything. I mean, maybe it does. Maybe it comes all the way back down. I look like an idiot for covering it a one 19, but you know, maybe I already look like an idiot for Kevin at one night, but it looked pretty good compared to 1 25. And I'm thinking some financial engineering here, three for one, you know, splitting the company in the three gifts.
The news anyways, I don't even know if we gave you the net. Uh, the news is what you said. They're spending split in the company into three. Uh, they're going, it's going to end up being, uh, a renewable energy and power segment. They're going to combine that, spin that off. Uh, the healthcare segment is going to be spun off as well.
And what's left is the aviation business, which will be its own separate entity. So aviation healthcare, and renewable energy slash power. Those are your three segments for GE. And it's sort of the, uh, um, I don't know if you, if you want to call it the culmination, but since Larry Cole has been at the helm, what, uh, two to three years now at GE and, and, and they've, he's been deal-making from day one, he's been spinning off assets.
They did their reverse, but as you mentioned, um, and, and this is sort of like the culmination of that entire. W what I will say. And, you know, we'll have Kramer c'mon and applaud this in an hour because it's trading up and he just chased this price. Uh, but what I will say, Joel, and I think you're going to agree with me here is they seem desperate to get their stock price, higher splint, like a reverse split that wasn't needed.
Like, why were you doing that? Because, and they even said they wanted the stock price. Then, you know, when you split a company at three, the stock prices in the short run going to go higher, does that equal long-term growth? Is that the right thing to do in the longterm? I have no idea in the longterm and nobody knows anything, but they know in the short term, by doing this, the stock price is going to go higher.
So I guess, you know, I already thought management supposed to be concerned with running the business and the stock price will look after itself. But in this case, I feel like GE over the last couple of moves they've made are more concerned about their stock price than running their business. So I want nothing to do with this long-term um, you know, but I know when he's put a company into three, it's gonna pop up and they can trade anything.
So, you know, it's looking good on the charts. It's breaking out on the charts. You can see that technically here, you don't want to be short stocks, making new highs on the move. And she absolutely is doing that breaking out here this morning. It wasn't before yesterday. It certainly isn't. So, but I just think they're desperate to get the stock price higher.
I think they need to stop worrying about the stock price and stop worrying about financial engineering and start running the businesses better. That's what I'd want to see if it went down for 20 years. Well, and maybe that's thing to do, maybe it is, I don't know, they've done everything wrong. It used to be a Honeywell and GE and Honeywell showed you what, you know, how to run a business.
And obviously, you know, at one point in time, GE was buying out Honeywell and then that trust and she is went straight down ever since the Honeywell's went straight up ever since. So they've just done a lot of things wrong over the years. I, I was a GE shareholder for a long time. You were a two inches.
Where'd you G w I wouldn't say a long time, but I think I was seven or eight years in G and it was one of the worst, worst stocks. I was in it from like, probably like 2002 till maybe like 10 or 12 years. And it was just a perennial under-performer. I think I actually ended up losing money over the course of 10 or 12 years.
I remember justify and say, well, I got 3% dividend every year and I've held it for 10 years. So I lost a little bit, so I actually was still getting paid, but really that was just a whore done, a horrible stock for 20 years. I don't know if this three for one split or splitting up into three companies, turns it around.
Uh, I'll just make a couple of comments. Uh, technically, um, I don't think you're getting back over 1 26, but anything can happen. Uh, 1 26 40 is your pre-market high. If I had to stop long, I'd just be laying out, offers all the way up, bigger size, the higher you go, even 1 24, it looks like a good number. If you're looking for.
This is just 15 minutes support doesn't mean anything, one 15, uh, it's all done the last couple of brackets. And then Dennis, the one thing that is a positive is they didn't split it into six parts. I never seen all these companies and maybe they're all, I mean at and T did that remember a number of years ago, split it up.
And I got, I have as long at T and T and I got three companies out of it and a big, special dividend and it seemed all good. And we got at and T wireless and we got something else. Dennis, I'll tell you, you gotta loosen. You gotta vine. I know we got a hole. I sold, I sold some of it, the recent, and I remember doing my taxes and I was like, oh my God, what is my basis on this?
Cause I think Lisa had it from like her bat mitzvah or something. I don't know. But anyway, batmitzvah yeah, it's taken two months of her time.
Yeah, we can go to Pitt. Yeah, you're right. This is, it says movers follows. I looked at the thing and I said, it's movers. I was like, I got to move her pay PayPal. I mean, yeah, the earnings. Okay. We'll go there. Uh, earnings last night, uh, EPS, uh, they beat their sales. They missed and their guidance was, uh, not great.
Bill big D was talking about people who were saying, buy, buy, buy, buy, buy this end of the report. I don't know if he was listening to pre-market prep, pre-market prep plus or at the close show, because I don't remember either of us saying that it got the pop spinning, the downtrend overhead supply people seeing this at two 40 or gasping for air.
Now you're making a new mold, lower the move to 1502 to 1453. What's next on my monthly. So I'm just going to go into my monthly use here. And, uh, Ooh, we're below that. And we're below. And a 2 0 6 65, 2 0 7, Collin. If you're looking for a level, I don't know if we'll get there today, but more, we are clearly back into the market where the strong get stronger and the weak get weaker and the PayPal has turned.
It was Pinterest that turned this entire story around when there was rumor that they're going to pay a ridiculous amount. They say no, and the market still doesn't care. And now it gets the pop. And what do we say, stocks that are in downtown. Yes, cell the rep and holy macro, did you get a rip off earnings last night, somebody bought this up to $244 last night on the report.
What a gift it was taken away in the next candle. It was taken away. Two minutes later down to 2 35 down to two 30 down to 2 25 down to two 15. Now, now you're down 15 points and people are saying it's so cheap. I'm buying it's so cheap. Cheap stocks get cheaper in this environment. How do I know that I've learned the hard way again and again and again.
And I'll tell you from a trading perspective, I want nothing to do with it from a long-term investing perspective. At some point in time, maybe it's a buy, but let's wait and tell. It gives us a point of reference. Let's wait until it gives us something. And if you're buying in a longterm account a day before earnings, you know, it's always going to be a crap shoot.
So here you are, but I'll tell you when the stocks are leaning down and they get the pops on the earnings pops are met with new sellers, cause there's bag holders all over the place. P pay P PYP, L not firing on all cylinders here. Now it is now down to cool hotter points from the all time. So, I don't know what to say at a certain point in time, value investors will come into PayPal, but I don't know.
And, uh, well you kind of got a little handoff to square report to the way square reacted and was all, you know, got the pop and the dump. The other thing too. And you know, I don't know where you break it down into earnings, everything, but. Did it just go up with crypto, like PayPal and square, like crypto stocks now crypto's ripping it.
Well, not any, well, whatever, whatever relationship was there. Um, it's gone, but, uh, keep an eye on your pre-market law. I don't know what to tell you if you're long. Um, I mean, and why does it have to be a buy? You know, that's the thing like maybe it's time, what you don't like the whole time on, you know, talk with people pre-market prep plus gotta buy McDonald's.
You got to buy maternal, this is the pullback to buy. I mean, when stocks turn like that, I mean, it's so hard it's so I'm not saying you shorten it or whatever, but you know, you know, maybe we'll look back and, you know, five years and like PayPal and square, like, whoa, where are they? You know, as we keep going here too.
I mean, think about, you know, from my perspective, I was like, okay, eventually Ford and GM are going to have the catch up trade with Tesla, maybe four and a half to a certain extent GM has done well, but you know what the bottom line is, I probably would have just been saying this a year ago. I probably just would have been better buying.
To be honest, you look back and yes, Ford has a hell of a, has had a hell of a run. But if you go back to a year ago, Tesla was 400 to 1200. That's a triple yeah. Four. It has almost tripled too. So it has kept up, but it was a bold call and yes, Ford is benefiting from ribbon, which we might as well talk about right now because they just took us there.
And we're talking about, I mean, Ford is obviously I'm still along. My Ford bought it at $7 a year ago. Still a believer that obviously the F-150 is going to be a huge seller for them. We can't even get normal pickup trucks there and they literally can't go in there and you can't get a Chuck because of chip problem.
Um, Thank you. No, it's, it's huge. Is it over done now? Because you know, in the short term, because we got, you know, the ribbon steak there, they're now jacking it on every time ribbon gets a positive headline for it. It gets jacked up because they do have a stake in Revy. And, um, I think the, I think it's over, I think it's over bought short term.
I think it needs a pullback here now. I'm not selling my Ford, but I wouldn't be chasing at this point in time. I mean, it's just got to momentum. I mean, there's, you know, you're standing about 20, uh, make quick work at 20th street in huge volume. Uh, the only thing I'll say about, um, uh, Ford today is an, and this is that it's not a perfect formula.
The pre-market highs turns out to be pretty good numbers because people, you know, just for a potential resistance area. Yeah. Maybe it could rip the 21, but there's so much stock that has to be moved in something like Ford, that in the way it trades is like, if they want to sell 2,784,000 shares at 2080, they're not going to be afraid.
You know, they're not going to be afraid to put it out there. I mean, they know they, maybe they're actually wanting to sell it at 20, 60 or better. So I'll just keep the high pre-market high 20, 80. That's where you stand. And then of course, uh, support Reverend changed is 57 minus 42. What's that 15. So, uh, that's what I'm looking at.
Yep. That's what I'm looking at in Ford F letter F yeah, my thought was, are we going to look back in a week or two and three and think, oh, that reveal an IPO. Yeah, that was, that was the. I think they've sold 156 trucks, not 156,000, 156 total. It's going to have a market cap of general motors. You know, where we're, we're in crazy town, but I mean stuff, you know, they they're going to grow and maybe it is going to be the number one truck seller of Evie trucks in the future.
You know, Ford believes them. They have the steak, but you got to know what you're paying for to a certain extent. Um, I, it's not for me. Um, shout out to Lou Jacoby Ford was his pick of the year back in like January. You must listen to pre-market fees guys with her picking October, he's got a lot of call options.
Good for him. He looked at Coby, you nailed the job, Lynn. Uh, so congrats to you. Um, it's 8 21 and we're going to have our guest on and around 15 minutes, Dave, the volume is the global head of ETFs at grace. So, you know what, talking to Bitcoins yes. In about 15 minutes or so smash aleck for us, you want to talk roadblock slash unity right now?
Sure. I say we do because roadblocks, uh, your big game, one of your big gainers of, of, of the morning here, earnings last night, uh, EPS, we don't really care, but it did beat sales, uh, not really comparable daily active users up 31% year over year. Think about that for a second. Right? We talked about the reopening trade and everyone going back to living their lives and not being glued to screens all day, roadblocks up 31% from last year peak.
COVID right. Wow. I mean the mood. And it was one that obviously not too many people anticipated because this was going down into the report and it was weak. And basically it has gone nowhere, roadblocks for the better part of six months. Now you break out and you immediately, one of the thing to consider, if you are trading stocks after hours and you got the FOMO going, bring up your shirt and at least look at where the all-time high is that a bottom line look where the all-time high is because when a stock rallies 25 bucks.
In all likelihood, it's going to run into trouble where the old all-time high. As on Joel, I don't think this after hours high, as a coincidence, the all time high, 100, 3 86 after hours, take up to one oh five. I'm going to call out within a buck when it stops moving and crazy block wide. I'm going to say it's stalled out right at the old all-time high.
That's your target. I mean, if you got this thing and you got calls are, and remember people, remember if you're long calls, you can always short the stock because I get this all the time. Like I wish the option market was open so I could lock in my gains. Do you know how to lock in your gains when your long calls use your calls for what they're used for?
You can actually short the stock against those calls and lock in those gains, because if you're long, the 80 calls and you short the stock at 100 or 1 0 2, 1 0 3, it just locked in your 22 point gain. So you don't have to wait now the thing's 96. So remember if you. Trading options and your long options, you can use those options for what they're worth.
And you can always head yourself by just selling the stock short against your calls. It's the same thing as selling your calls? Well, it also depends what platform you're on. Um, if you have the platform that doesn't allow you to do that, that allow you to short stocks, you should consider maybe if you're doing it as you know, uh, if you want to get serious about your trading, you should consider a different platform.
So I mean, a lot of short sales, and this is where we look at short interest. And a lot of times those are hedges against long calls, believe it or not, but you know, nobody wants to hear that. So there's nothing in here. Uh, and the only thing you just winded no down, this was. And I just looked at, I just looked in pro member.
They went down over the weekend. Remember that that was the two or three weeks ago. Yeah. No, but it's just funny. I sometimes like, I, I mark you know, like how stocks traded that day and what was the news on it? When it went down, it went down. I don't know, just like the platform was down for like a weekend.
Yeah. You what this platform, this is really, uh, you, you talk about, um, a stay at home stock, you know, we really, you know, had, this was kind of lumped in, right. Wasn't it, you know, with the gaming stocks? Yeah. Yeah. I mean, roadblocks is like a kids. Like it, it's mostly kids on there. Is it not on roadblocks? It is.
You're right. It's a little bit different animal. It's not like, you know, okay. We can't go to work where, you know, gonna sit at home and you know, we're going to play Activision blizzard games. I mean, I think it's kinda different. I never really put roadblocks as a stay at home play, but, but I mean, you could say it, I guess that's why it's showing some weakness.
You know, we haven't had on, in a long time and I know he paid his kids. Have it, um, bill Santee. I remember him talking that he was, I didn't know, his kids have it, get him on the show. Hey, and it is a play on the metaverse too. And I'm going to say that as well. It is moving off this to his ticker. You unity.
Did you see that one this morning? And obviously it's software behind a lot of the thing behind the thing. Like Jason Raza, give a shout out to Jason. He's in the chat room, the chat in the chat here today. But the thing behind the thing you don't need software is the thing behind a lot of things. I mean, packer was on this show was $89 and said, I love this company.
I bought it. I sold it at one 10 Gantt taken my games way too soon. It's $168. And I'm like, why did I sell that again? Or I thought it was too much too fast. Well, it wasn't a pullback, but I didn't rebuy. It's always my problem. So that's, that's like one trick it's just too hard to like salad and rebuy it.
I mean, I know you do it. I just heard. Yeah. That's where I mess up. I don't do it, Joel. That's my problem. I'm actually pretty good at identifying. I think it's over done here now and you know, maybe I should sell it, but then I don't get back in and I'm like, well, I didn't, I get back in. So you just, you move on, you forget about it as the.
So the story is still intact, you know, unity software thing behind the thing with Jason always talks about, I mean, it's, I, I think the stock's going to be a $200 stock eventually. So I think on pullbacks, you gotta be buying you. Um, but it's run a long ways. I don't know where that pullback is. I'd like to be in, I know what's called you on the buying back the stock thing.
Um, it was a, it was a biotech stock that you had and you sold and then you bought it back. And with Penn gaming,
I think you sold it like one 20 and then you bought it at 95, then ended up getting taken over at 80. It was, it was a. It was a fun. It's been a lot of different trades. I read, bought it and averaged up and then it ended up hit averaging. Oh, Celgene. I hate averaging up. And so I had my cost basis on cell gene.
I'd bought it years ago. It was like $25. And, uh, the stock went to 150. You pulled back to 90 and I doubled down, I brought my cost basis up to 60 or something. I liked the cosmic of twenty-five to 60. And then the stock trade actually down after that to like 50. And I was like, how did I take a 400% winner in my longterm portfolio to a loop?
You know, so anyways, he mentioned did get bought out by Bristol-Myers I believe. And it was, um, you know, a hundred dollars a share. So I got it back, but I like, I like that reason my cost basis that much it's probably, while I won't buy apple in my long-term account anymore to raise up my cost basis, I don't want to end up being a loser.
Eventually it sucks. I'm raising up that cost basis. Unity real quick on the tangent. There's so not major. I mean, but someone's lurking in a one 70 handle. Uh, and that's not a bad number if you're looking at your old time high, your old time high 1 74 94. Now this is moving off someone else's news. I just got an echo.
Now what happened? It's gone now. Okay. What are you doing there? Spending a pre-market high is 1 71, even for real. Yeah, you said you just got loud for a second. He sounds fine. Okay. Sorry about that. Um, what about door dash into earnings? People are asking about it. This is your classic. I believe this is a stay at home stock and maybe they're going to blow it away.
I tend to think it's up three boxes warning ahead of the earnings. We know there's alpha to extract from being long stocks ahead of earnings. Although yesterday, when I worked on this one this morning, it is working. Ah, man, I'd be very, very, very, very extra nervous to hold this long into this report.
After I saw Peloton after I saw, you know, well, zoom has leaked since then. Maybe the expectations are low in. That, you know, obviously some people are going to be thinking along my lines that, okay, well this is going to pull a Peloton. So maybe you're going to have some people that are betting on the bear side and maybe that's going to help it out.
Maybe door dash makes a difference, but I'm scared on this one law. I don't have a position and I'd be, I don't know if I got the guts to be shorted into the report, but I'd be scared if I was long, just my opinion. But I looked at that Peloton down another $5 yesterday and I think it could door dash get Peloton.
I don't know. There isn't a lot of history. Sorry, Joel. There isn't a lot of earnings history in Jordash. Right. But what I will tell you is this stock. If you look at the last it's three reports, right? As a public company, um, pretty much without exception will dis trades down after maybe the trend is not your friend here.
Maybe it's going to trade up. Do they? It's down by restaurant. Like, did you ever see statistics like that? Because to me. Someone that gets door dash for McDonald's. Okay. I mean, it's, you know, I'll be at the uptake, you know, sneaking your fries, you know, which I used to do with, you know, when I used to get the kids on Saturday night, we go out, I'd get them to burger king special.
They'd be like, dad ate some of my fries. And, uh, I just, what did I, you know, you spend tele I haven't been to McDonald's in a hundred years, but you spent 10 bucks on McDonald's and your bait, what, two 50 to get it delivered. It's going to be cold. I don't understand the concept. Obviously. I'm not treated.
Do you want me to go on a two minute story on mash and McDonald's this, this reminds me of a story. So, um, I, I, won't obviously per se, the person named, but friend works at a mental health center and they're inmates there. There's some long-terms that are just in there forever and they get some discretion.
Apparently they get discretionary income of like a hundred dollars a month where they can just spend it on whatever they want. And I guess this one guy at the mental health center order. 30 big Macs every single month. And he hasn't delivered like door dash to him in the mental health center. He sits there and just eat big Macs for two days.
What's that? Joel share them with anybody. I don't think so. I think he just liked that. I didn't know. They have like discretionary income, like obviously, you know, you're in there, but you have not for everyone probably, but the way Terry, I don't know, it's like that everywhere, but there's some type of discretionary income they get every month they get like a little allowance where they can spend what they want.
And every single month he orders like 30 big Macs. This sits there and eats them all so awesome for like the first three big Macs. And then he'd be sitting there and you're like, I don't know if he eats them all at once setting or if he eats them. I think you would probably need them over the course of a couple of days.
That's amazing. Dash has a place for that person right there. Wait very well, go out and get the big Macs himself. The way this is also off topic. But did you read the article the other week about the guy that ate all his meals at six flags for like two years. Oh, wow. How'd you feel you like six flags. He realized if you buy like an annual pass, you get two meals a day and he, and he worked right next to, to the park.
So he just stayed at the six flags. Anyway, the big Mac or the McDonald's show from the guy, like 15 years ago, supersize me. He made a sequel that was all done. Oh goodie. And apparently all is after eating McDonald's for 30 days straight for every meal, he was ready to die.
The stock went straight up after that. So it got so much publicity. They're like, oh, it's going to be bad for it. But McDonald's was like 18 Derma. That was the back end, like 2002 or 2003. It was like McDonald's bottom. When it got down to like $18 a share supersize me, he was going to put McDonald's out of business and it got so much publicity from that movie that the sales explode.
Just see what goes on out there. Uh, this is not a good show that Raz is listening to here. Okay.
I'm bringing this back here. I'm bringing this back. We have our caseloads. I'm going to bring them on right now, Dave, a vol a global head of ETFs at gray scale investments. Hmm. I wonder what we're going to talk about with Dave. Let's bring him on here, Mr. Laval. Good morning. Welcome. Doing fantastic. We're a little bit off the rails here, but I'm traveling.
Um, let's not listen. It was fascinating guys. I was, I was enjoying that. Supersize me right into Bitcoin. Makes a lot of sense, right? Oh, you can buy, you can buy her McDonald's with bare point cancer. McDonald's going to start taking Bitcoin. That's what I want to know. What is McDonald's going to start accepting Bitcoin.
I don't know.
you take things away? No, no. I just want to start with this Dave. So explain to us, cause you know, scale you've of course got the GBTC and you've got the Ethereum on the white coin, um, trust as well, explain that you've applied to convert the GBTC into an ETF. Explain that process for us. What, what goes into that?
Yeah. So a lot of times when you talk about an ETF conversion, um, what we've seen historically is more like mutual fund conversions, um, and people. Uh, often equate kind of the GBTC conversion, uh, similar to, to a mutual fund conversion. It's actually a lot simpler. It goes back to our founder of our parent company, Barry Silbert.
Back when GBTC was envisioned, he really had the belief that this was going to be. You know, uh, a digital store of value and it was something that people he thought people were going to want to invest in. And, you know, as a result of that, he made the strategic decision to structure. GBTC exactly like GLD, which is a, a well-known physical gold ETF, which is structured as a Delaware grant or trust.
And so, you know, when he envisioned it, having that long-term view and that, that long-term strategic view, he structured it with the ultimate goal of actually being any ETF. It looks very similar to some of the most actively traded and most successful commodity ETFs in the marketplace. So GBTC is structured as a Delaware grant or trust.
Um, and it has a couple of nuances that, that, that, that make it different than GLD. And so to, to really transact this conversion or to execute this conversion, a couple of things have to happen. Number one, it needs to be up listed to the New York stock exchange. And the second piece is it needs to, um, you know, have simultaneous creations and redemption.
So, you know, right now there's no redemption function, uh, for GBTC. And so once that simultaneous creation and redemption can happen, it will behave, um, exactly the same way that GLD or SLV or IAU, some of the most actively traded, uh, commodity ETFs in the marketplace, uh, trade. And so, so it's actually quite simple.
Uh, it's really a matter of getting regulatory approval. I keeps the price in line. That's such an important function there for your ETFs. Absolutely. Yeah. So, yeah. So, and you sorta hit the, on the key point there, which is that he would, he see, looks like an ETF and some people probably just assume it is some people, frankly, probably don't care that it isn't because it looks like one and some people probably very much do care about the criticality.
Right. So can you explain that aside from the lack of creation, redemption process that currently exists in GBTC, what are the other differences between that. You know, versus what we know of as need TF. Yeah. So, so with all of our products, we essentially have a four stage life cycle to them. They start off as private placements and after a waiting period, regulatory waiting period, they become.
Um, you know, traded on the OTC markets and after a period of time to then, you know, file form tens and become sec registered companies. And so that means they're kind of filing eight Ks and 10 QS and, you know, have a, a number of different disclosures, um, that would equate it to, to an sec reporting company that, that point of becoming the sec reporting company is really the penultimate step, um, with that last and final step being a conversion to an ETF.
So, you know, it's, um, you know, it's interesting that oftentimes I'll, I'll be talking about gray scale and people will. Assume that we, we, you know, list closed end funds because you know, these products can trade at premiums and discounts. Um, but the reality is they're they're Delaware grantor trusts. Um, they just haven't had that same, you know, simultaneous creation and redemption, which again is what would, you know, optimally keep the product trading in the secondary market on an exchange very closely to them asset value and, and, you know, would preclude it from trading it, you know, significant premiums or discounts.
And, and frankly, that's exactly why we have, um, you know, been so active in our constructive engagement with the sec. Um, we've been having great conversations with them for many years about, you know, our investors desire, uh, and, and demand for a spot Bitcoin ETF. Um, they want that, um, we're kind of acting on behalf of our investors.
We're engaging with the sec. And obviously most recently, you know, have put, um, you know, a filing in with our partners, uh, at the New York stock exchange, uh, to try and achieve this. If they have this in Canada, why have you looked in the Canadian markets, is grayscale looking to go over there as well? Or have you, I don't even know if you have, um, cause obviously we do have Bitcoin ETFs and Ethereum ETFs that are, uh, on registered exchanges in Canada.
Right now we obviously pay very close attention to what's happening in the Canadian markets. Obviously there's been some, um, you know, progress in the European markets as well. Um, those two markets are obviously markets that we pay attention to, but, but are really focused on the U S market. It's obviously where the vast majority of our assets are.
Um, and in the history of kind of, you know, the ETF market more. I think there's been a tremendous amount of, kind of what we would call southbound flow when there's liquidity and when there's ticker recognition, um, we've found that the Canadian market, uh, comes to the U S market. And I think that's something that, that we would think would be similar with, uh, GBTC conversion as well.
You, uh, Dave, you mentioned the trading at a premium, uh, the, the ETCG also, you read also trades that are premium to net asset value. And, and as I understand that, uh, a pretty big one, uh, and that's a feature, not a bug. That's correct. It's just a feature of the, of the, the reality of these products trading, um, on the over-the-counter market, still being private placements.
They're obviously trading in the public markets, but, you know, still have, um, you know, a creation function, um, you know, or a subscription function without a redemption function. And so ultimately it's as a function, you know, this is, this is a matter of kind of supply and demand and, and, and fixed number of shares in the marketplace and supply and demand will deem whether or not this product is going to be trading at a premium or a discount.
They behave like a closed end fund in that sense, but they're not closed end funds from a structural perspective. We're on the line with Dave Levow global head to ETFs at gray scale, um, you know, getting away from the ETFs and getting away the way the currencies trading and everything. Can you like put your futuristic goggles on forming and, you know, You know, when all transact or, you know, like, uh, a larger part of us dollars transactions are going to be in big point.
Cause that's the thing to me. Like I carry my credit cards. I'm the only person that probably carries cash. I mean, eventually it has to be more transactional. What, what do you see and better yet? Like what cup? I know there's companies working on it. What do you see? Five years, 10 years. 15 years. What do you see Dave?
Oh goodness. That's a tough, that's a tough one for me. You gotta, you, you have an ETF guy on the line here. Um, what I, what I would say to, to answer that question is, you know, I think Bitcoin has proven itself to be a store of that. Um, you know, in, in terms of some of the other products in the marketplace and in digital assets and digital currencies in the marketplace that are really more focused on, you know, transactional, uh, function, I think Bitcoin has proven itself to be a store of value.
And as a result of that, um, is really finding a place for an allocation in investors' portfolios, uh, as such right alongside their gold allocations or other allocations at different asset classes. And so the reality that digital assets are now being viewed, um, you know, by not only self-directed retail investors, but all the way to the largest institutions in the world.
Um, you know, all of these investors are looking for an allocation to, to, you know, digital assets and digital currencies. Uh, as a real asset class and there's a segment to their portfolios. And so I think that's a really a critical, critical component to how this asset class is going to develop. Um, and I think there's certainly going to be opportunities in the future for different assets or different currencies to be more transactional in nature.
But certainly as we look at Bitcoin and some of the other more mature coins, it's really a matter of, um, defining a store of value. Dave, good question here from our chat from TJ Mosley, cause you mentioned you'd have to apply this to the nicey. Why not? The NASDAQ. Uh, we've been a long partnership with the New York stock exchange.
Um, they've been good partners with us, uh, you know, through all of our regulatory conversations. Um, you know, it's, it's, you know, CBO and NASDAQ and nisay, um, our, our three listing venues that would be, you know, national exchanges that we could contemplate are up listing. Um, we've had a really strong relationship with the New York stock exchange.
Uh, absolutely nothing against CBO or NASDAQ or their platforms. Uh, but the New York stock exchanges who we've partnered with in the New York stock exchange, um, with their ARCA platform, which is their ETP listing platform is who has submitted the 19 before filing on our behalf. And then I imagine you're feeling better about this whole thing now than you were two months ago before we got our futures ETFs.
Whereas now that we have those big corn futures ETFs here in the U S um, I guess, how do you feel about. The likelihood, because like you said, it really, it all comes down to sec approval here in getting, getting them on board. So, um, how are you feeling about that right now? Well, look, we, we, we certainly, um, you know, chair Gensler about three months ago, you know, at the Aspen conference came out and made his kind of first statement around comfort with futures being held by a 40 act structure.
And so everyone was, you know, taken aback by those comments, but, you know, look, the sec has been very consistent in their messaging. Um, and that's been very transparent in their messaging. And so. You know, uh, a few firms filed for futures based products and a 40 act wrapper. Um, you know, obviously the ProShares product was a approved first, um, absolute record inflows, which was fabulous to see.
Um, and then frankly, to be honest with you, from my perspective and from the industry's perspective, uh, the entire marketplace responded incredibly well and that product has been trading. Um, very efficiently, uh, with tight spreads in the secondary market. Now there's obvious differences between a futures based product and a spot product.
Um, we, we, we certainly, uh, prefer and think that the spot based product is a better structure. Um, you know, futures based products are inherently more complex for the asset manager, uh, to manage. And then also for, for investors experience, uh, in their interest in kind of, you know, precisely tracking the underlying asset.
But we were very deliberate, um, in when we timed our filing. And once the sec had approved these futures based products, um, we felt like it was the perfect time for us to re-engage formally with the 19 before filing, uh, which would allow us to get back into a really constructive dialogue in the public forum, um, allowing us to, to engage with the sec in the staff, uh, and to find a path forward for this spot product.
Again. Uh, our investors want this. That's where the demand is. And so we're acting on behalf of our investors and really amplifying their voice. And fortunately, since that 19, before filing has been, you know, publicly noticed, uh, we've actually seen some, some, you know, positive comments, uh, where investors have come out proactively in and really kind of exercise their own voice in, in support of this filing being approved.
So October 19th, I believe. What the filing maybe give or take a day or two. Uh, and you've got a 75 day review window, right? Well, it's a little bit different. Um, so, so you, there's different types of filings with different, um, you know, public kind of notice period. So for this particular filing, um, it's a 45 day period.
Um, that 45 day period could be extended by another 45 days. Um, then there's, uh, uh, another notice for proceedings, which could extend it for another 90 days and then another 60 days after that. So frankly, sorry to sorry to confuse. It's a 240 day, um, you know, uh, essentially comment period in, in four separate stages.
So, so sorry. I, yeah, I wish this, um, I wish this could be a 75 day waiting period with. Immediate effectiveness, but, um, that's not, that's not the structure that we're in. Uh, part, part of the reason why I think there's some confusion around that is with the, the Bitcoin futures product, um, in a 40 act rapper fell under a rule that is commonly known as the ETF rule.
And that ETF rule essentially allows immediately effective filing. So you file for a product that falls under the. Uh, ETF rule also known as six C 11. Um, and after 75 day waiting period, that product becomes effective and it can start trading and be listed on an exchange. This particular product doesn't fall under, under the, the ETF rule and therefore requires, um, more review by the sec.
And so there's some statutorily, there's some. Timeframes and waiting periods and comment periods. You started off saying how simple this was, but now look, look, guys, it's not a simple thing when you do something novel, uh, in, in the markets. Uh, but we're committed to it. We're excited about it. Um, you know, again, we've been having a constructive dialogue with the sec for, for years now, we'll continue to do so and listen, we're sympathetic to the STCs position right now.
This is not easy stuff to deal with. Um, but we know that we have a strong voice on behalf of, of our investors. We have over $40 billion that are, that are tied to GBTC. Um, we certainly want to see this conversion happen again. Um, we, we want this product to be tracking the net asset value of Bitcoin very tightly.
We know that if it's in a spot ETF wrapper, it will do that. Um, and that will allow our investors to have a real true experience, uh, and their exposure to Bitcoin. Got it. Dave Laval is the global head of ETFs at grayscale investments. Dave, a pleasure to chat with you. Thank you so much for joining us today on premium.
This is great guys. Thanks for having me. And I also want to mention a gray scale will be at the bending of FinTech awards today. They will be on a panel. How about how retail investors changed the market@fourtenpmbendingafintechawards.com for that? All right. We got 10 minutes left aim of the show, uh, and DTF.
I mean, you know, the, these other company, I mean, they they've been around forever. I got, I don't. Yeah, I don't, I dunno. It just hasn't been approved, so yeah. Well, it's complicated cause you you're talking about, uh, You know, um, going off of the squad Bitcoin, which is not that, that ain't, that ain't so easy.
Um, what we got to talk about LIDAR, we got to talk about a lot in regard to talking about L a Z R today. It is an absolute monster. Uh, what is this doc now like 38% this morning? It's actually come off its highs, I think. But laser announced, uh, that well, yeah, they announced that they were selected buying Nvidia for the Nvidia drive.
Uh hyper-real autonomous vehicle reference platform. So Laz are. Got how high did he get this morning? 30 bucks, right on the kisser. You're now six bucks off that. So it's going to be a little bit tougher sledding. Now, as you've seen, sellers have come in, I'd be looking for an quick target here. I'd be looking to see if it can even get the 26 80 that's two 60 away.
I'm trying to find support at 24, but that's like, you could say 30 right on the kisser. Pre-market high. I'm just gonna rip through these Evie go. EVD. D was your big gainer yesterday. They had another headline, actually, two more headlines this morning, a partnership with Uber and a partnership with general motors.
And we're just whip city here. It'd be the trades are so hot, right? Um, I don't know like where the, you know, if it's, you know, all these things are over bought, you know, all these things are circuses in town, probably, you know, at a sprint, certain points ring the register. But, but I mean, they're in total rocket ship mode.
These things can go anywhere. They want here at this point in time. So maybe you're trailing up your stops. Just, I mean, you know, everybody thinks when the stock goes from 10 to 18, it's going to fix. Sometimes they do a lot of times they don't. So, I mean, you got to know why you're in it, but while it's a big move, uh, you did hit 19 and, but you're not, you know, the bulls are not giving in.
Yeah. It's so little support at 18 and see if we could get through 19, uh, if you're really, really bullish in nineteens, not good enough target for you. Your next monthly high comes in at 2195 and I suppose had a nice rally here. Did we have some data? I think we did kind of dovish data. It must be eight 30.
We were talking CPI. Was it? I wrote it down. It was PPI. Yeah. I would've had to go wide, but we rallied we've we've rallied back up. I mean, by the dip wins again. Right. And that once a spy, I should stop doing the herb, just stirred, uh, just flat out buying the dips on spot. I'd probably make more money. You dip on spice tray.
That seems to keep on paying. I don't know when it ends, but wow. Uh, AMC is actually quiet this morning, right after their report. Um, a lot was said within that word central y'all had, yeah. I mean, it'd be in the business of buzzwords. I tweeted that last night. Yeah. Well, okay. So then the numbers are that they're naughty, they're low and also their losses narrowed dramatically.
They only lost, I think around 200 mil compared to 900 meal the, the, the year ago quarter. Um, but then like Dennis said, it, it, it, they talked about making their own cryptocurrency for some reason and except buzzwords as payments and the popcorn thing. And I dunno, NFT. Yeah. The buzzwords, they try to hit everything.
Like I think that they looked through and they said, well, what is, everybody's talking about the stock record right now. We're going to talk about all those things on our conference call. It's ridiculous. To be honest. It's it's, it's honestly just ridiculous. Um, the whole thing, whatever. I mean, it doesn't go down.
It's holding up. The technicals are still okay. The pullback probably gets bought. The apes are showing they can control things. So props to the apes. I mean, the fundamentals make zero sense. You know, they're trying everything they can, you know, obviously using buzzwords because they know that the valuation doesn't make any sense.
The company knows that. Um, you know, I see that Nicole Kidman commercial, they obviously dropped a lot of money. There's like three of them. Yeah. I know. Cause they got a lot of money. So I mean, this is honestly unbelievable that, you know, the market has held the stock up, stock up as long as it has. So AMC and GME props to the traders, I've been able to control price here because I always was under the impression that eventually.
You know, these pops on, you know, these ridiculous moves can come back down to earth, but in this case, AMC and GA's held up very well. So the apes are showing that they're holding strong and obviously they're getting more apes, you know, the one thing to consider and you know, the apes don't mention this, but obviously talking about the AMC apes, um, you know, that we're holding.
So there are the impression that as long as we hold the stock, can't go down, but you were late for the stock price to go up. You need more people buying. So it's impressive that it continues to go higher and, you know, especially in the last week or so, because you're obviously finding more buyers in there.
So I'm impressed that it's held up as long as it has. Am I coming in here and investing in. No, cause it doesn't make any sense, but, um, I'm not going to argue with people who made money with it, you know, get good job. A lot of people, I'm sure. I'd like to see that close at 45 0 6. That was a closed from yesterday.
That's a few bucks away kind of hanging out. I don't think, I mean right now I would keep an eye on yesterday's low at 41 77. You're still a buck above that sniff 42 in the, uh, after hours. So, uh, I would say apes are still in control unless you take out yesterday's low at 41.77. And then someone in the chat mentioned, AMD, we, we, we can do AMD and Nvidia together.
The mus the strong get stronger, the weak get weaker. It's a type of market that we're in. Um, at one point in time, Intel and AMD was the same price. They were both $75 a share and, and tells fall in $25 from their MDs doubled. From that point in time, those strong get stronger the week get weaker. We're back in a Momo market for a lot of 2021.
We were in a constrained market. That is not the case in the last few weeks. We have moved as traders. You have to identify when the tide has turned. When the overall market has turned, it's a Momo market. This earning season changed it to a Momo market. So what does that mean? It means that not necessarily chasing works, but I want to be definitely buying just stocks that are instead of just randomly buying every dip.
I only want to be buying dips on stocks and options. So because the strongest stronger than the weak weaker. So that's how I've adjusted my trading over the course of the last few weeks, as things have changed, I was just buying every debt before and selling every rep because you're kind of in this market, but now you're in the trending market.
So now you're buying, if the way I'm approaching as I'm buying dips and stocks and up trends, and I'm selling reps on stocks and down trends, because those trends continue to persist, at least in this market that we're in the last few weeks. Uh, yeah, let's do a rip through a couple more here quick, and then we got to end the show at nine o'clock today.
Let's do, um, oh my gosh. We didn't even get to Pinera. We didn't talk about Robin hood smile. Direct club is your big loser of the day. I got lucky in this one. You did? Yeah, because I had the. In the law and in the swing trading account, when everything was getting, you know, short squeezy, and we were talking about these stocks and I had it in that swing account, I've been looking at it.
And I was like, I'm like, there's no way I'm holding this sucker through her. And so I sold it and I almost forgot about it. Like I knew I had it, but I was trading busy and I was like, oh yeah, I got a saw. I wrote it down. I was like, oh yeah, I gotta sell my son. I'll direct. I sold at 3 57, um, at five, like 26 or something, because it was like, I don't want to hold this through earnings.
I had it in there because it was one of those stocks. We, you know, some of these smaller stocks had been picking up some life as of late. Um, and this was one that, you know, I thought it in the last couple of weeks, I've had it for a couple of weeks in there. You can see the consolidation that I was looking at, Juul, low fives, and shut up at a couple of times I could have made some money on this thing, went up to 5, 6, 7.
I bought it around five. And of course I basically scratched the trade. Uh, but thank goodness I sold that thing right before that report, because I had a bad feeling that I wasn't going to report a great. So, yeah, the earnings missed the sales missed, uh, and the guidance was extremely light and actually the same thing for blue apron, those would be losers are the days smile, direct club and blue, ah, smile, direct club all time low under $4, 360 4, 360 4.
Or if you're looking to cover short, uh, blue apron, you, you were talking about that stock ripping the other day,
where the stocks,
I'm just saying what it's doing now. Seven bucks. I see seven bucks. I see a long your friends. So one thing to consider this as a stock and a clear up try, and you're getting a depth. So what I just said, binds dips on stocks and uptrends, I'm just not a hundred percent. I like the trend when it's. So now you don't have you're losing trends.
So that's the difference if it was, you know, like a trend down to like nine on this, you know, maybe or eight 50, but now that it's come out with the numbers and it's breaking trends and earnings on it, I don't follow the stories that are funny. Yeah. Yeah. So again, when you're chasing something, technically you don't usually want to hold it through a fundamental report.
So, you know, just know why you're in it. If you're in it for the story or in it, for the earnings or any for the company, it's a different story. You're in it. Cause the chart looks good. I know JC, um, I think he avoids the earnings too. Um, you know, when he's trading, if you're just doing it just for the technicals fundamentals matter when he come to these reports, so you gotta be careful, you know, You don't get stuck with something technical trade and then caught from fundamental news.
Uh, you got a wrap. I just, uh, I want to thank Irene. And Brian for both are going to pre-market prep.com and still purchasing the educational videos. And we have a couple more people. Yeah. We have a tab there, educational videos, so they can purchase these indefinitely now, or first two. And we're going to have another event which we're going to start advertise December 11th.
It's going to be on order execution. You know, we're toggled slippage. We're going to talk about, you know, cause I executing your trades more looking at, you know, how we did some tape reading, but more like when you're getting down dirty, like the stock, okay. Now how do I buy the stuff? What do I use? What type of order, how do I get in it?
That's what we're going to talk about is the execution. Because if you can reduce your slippage, you know, and get better execution, you can, some of those edges, you can improve, obviously that. And also just like how did, how to just be quicker, right? How to not spend a mature, how to not spend a minute on your.
Trade ticket. Right. You know? Yeah. Like w so I go, you know, and obviously breaching was set up maybe a little bit faster, but if, you know, and obviously I have some automation too, but on my point and click trades, like I see, I go basically from idea generation, you know, to execution and a lot of my trades and under five seconds.
So my, my, literally my, I bring it up and I can buy my stock in like, probably under two seconds. Maybe under a second. I just go out and go, boom, boom, one, click bang. Done. I go hit. Boom done. So it's really fast. Was that just you? That just sold everything just now. Whoops.
We missed a lot of tickers. I'm going to hop over to pre-market prep.com pre-market plus join me, Spencer or the clothes the close today from you. Joel, I got the FinTech awards. You take, you send me a Google calendar. For the awards are uninvited. I did send you an invite. I think. Uh, uh, Hey guys, we earnings today.
Pre-market prep.com. All right. This is your calendar for today. After the close look done, Tuesday. Cool. We talked about door dash, right? You got Coinbase, FUBU, win unity, big names reporting tonight. Have them on your radar craft. Disney's. I did not know that is the house of mouse is a no Housewives Wednesday tomorrow, tomorrow.
Yeah. Tomorrow. Yeah. It's Tuesday. Holy crap. I knew that, but I forgot. I was looking at the after hours. I see multiple sessions here cause I look by session. So I have the after hour session on Tuesday yet the morning session on Wednesday. So I see it as almost three sessions away, even though it's tomorrow people look at one day, I look at three sessions and every day the pre-market session, the regular session and the after hours session, there's three sessions.
Whatever gets you through the day. Alright, Dennis, the rest of your day, man, you can turn it. If I know it can turn around and Dennis, Hey, we're going to live right now on the Benzinga FinTech awards. What is this like the seventh annual bending of FinTech awards? Uh, Benzinga FinTech awards.com. It'll be right here on YouTube.
This stream will end and redirect you to the actual show. Uh, again, been to conventional FinTech awards.com to see the whole agenda where it's spending the whole day, celebrating all the innovation happening in FinTech, financial services, trading, investing crypto NFTs a whole day. We do this every year.
Uh it's it's, it's one of the biggest days of the year for our company and, and Hey, if you're in New York, Or in the area, check out the after party. I was not invited, but I'm, I, uh, I'm not in New York. So, uh, you're invited if you're in New York check, uh, go to bending offender, gourds.com to learn, to see how you can do that.
And on that note, I'm ending this show, the bending, the FinTech awards are live. Please hit that like button and remember all the information on our shows for informational purposes, not for investing or trading advice. Have a great rest of your day. Let let's go start the Benzinga FinTech awards.
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