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CHARLES: FOLKS, MAJOR BREAKING
NEWS HERE.
TWO OF THE APES FAVORITE STOCKS
ARE ABSOLUTELY ON FIRE.
I HAD A GREAT CONVERSATION WITH
KATY STOCKTON ABOUT TECHNICALS.
50-DAY MOVING AVERAGE, GAMESTOP
UP 22% PIERCING ITS 50-DAY
MOVING AVERAGE, PICKING UP
MOMENTUM.
RIGHT NOW AMC UP 16%, RIGHT AT
ITS 50-DAY MOVING AVERAGE.
A CONTINUED MOVE FROM HERE COULD
MEAN A LOT MORE MOMENTUM.
WOW, TWO BIG MOVES.
YOU KNOW WHAT?
IT FITS PERFECTLY FOR A GREAT
DAY FROM BEST BUY.
THIS IS CAUTIONARY TALE.
I WANT YOU TO LISTEN TO THIS.
IT CRUSHED WALL STREET
CONSENSUS.
THEY OFFERED MORE ROBUST
GUIDANCE THAN ANYONE EXPECTED.
THIS COMPANY CONTINUES TO
CONFOUND THE EXPERTS.
THE GREAT EXAMPLE, SO-CALLED
SMART MONEY, LET’S FACE IT THEY
DON’T KNOW EVERYTHING.
REMEMBER WHEN EVERYONE SAID THIS
COMPANY WAS A SHOWROOM.
IT WAS DOOMED T WOULD GO OUT OF
BUSINESS.
CHECK OUT THIS ARTICLE FROM
REUTERS, JANUARY 20th, 2014.
INSIGHT, SHORTS SET TO POUNCE AS
STOCKS SEEM PRICEY.
FED PULLS BACK.
JAMES CHANOS, ONE OF THE MORE
PROMINENT SHORTS OUT THERE THE
MARKET IS PRIMED FOR PEOPLE LIKE
HIM.
NOW IS NOT A BAD TIME TO BE
RAISING CAPITAL FOR WHAT WE DO.
WHEN CRITICS VIEW ME LIKE THE
VILLAGE IDIOT AND NOT AN EVIL
GENIUS.
THE ARTICLE WENT ON TO MENTION
BEST BUY AS A POTENTIAL SHORT.
BEST BUY COMPANY SHARES SUFFERED
THE WORST DAY IN LEVENS YEAR
YEAR ON THURSDAY, FALLING 30%.
IT FELL FURTHER ON FRIDAY.
GUESS WHAT, SINCE THEN THAT
STOCK IS UP MORE THAN 400%.
REMEMBER, JANUARY THIS YEAR, THE
WORLD LEARNED OF THE POWER AND
GROWING SOPHISTICATION AFTER NEW
BREED OF INDIVIDUAL INVESTOR
USING RESOURCES THAT WERE ONLY
AVAILABLE TO THE INDUSTRY.
THEY LEARNED TO EDUCATE
THEMSELVES AND THEY HAVE LEARNED
TO ARTICULATE WHAT THEY HAVE
LEARNED WITH OTHERS.
THEY HAVE FLIPPED THE SCRIPT ON
THE HEDGE FUNDS.
WELL, REMEMBER THE HEDGE FUNDS,
THEY WERE ALWAYS ABLE TO BEAT
STOCKS THAT WERE ABANDONED TO
SMITHEREENS.
THERE WAS NEVER ANY OPPOSITION.
I HAPPENED TO BE RIDING SHOTGUN
WHILE ALL THIS WAS GOING ON.
I DIDN’T EVEN KNOW THE POWER OR
SMARTS THAT WERE EVOLVING ON THE
REDDIT PLATFORM AND OTHER OTHER
PLATFORMS.
I WAS INVOLVED IN SHORT SQUEEZES
ON AND OFF THE PAST 30 YEARS T
WAS CLEAR TO ME THE SHORTS WERE
BEING HIT BY A BRAND NEW MORE
POWERFUL FORCE.
I HAD A NUMBER OF HIGH-RISK
POSITIONS IN MY OWN PORTFOLIO.
THEY DID EXTRAORDINARILY WELL.
I SHARED IDEAS WITH MANY OF MY
PAID SUBSCRIBERS.
MANY OF THOSE WENT PARABOLIC.
SHORT SQUEEZES GO WAY BACK, AS
FAR AS SHORTING GOES BACK.
ONE OF THE MOST FAMOUS WAS IN
1923.
PIGGLY WIGGLY, I THINK BY THE
WAY THIS SERVES AS CAUTIONARY
TALE HOW THE SYSTEM TAKES THE
SIDE OF INSTITUTIONS.
THEIR FOUNDER, A GUY NAMED
CLARENCE SAUNDERS, HE TOOK HIS
COMPANY PUBLIC.
THE SHORTS POUNCED.
HE WAS A FIGHTER.
HE FOUGHT BACK.
HE USED FAMED TRADER JESSE
LIVERMORE.
IT WAS ULTIMATE SHORT SQUEEZE,
THE STOCK ROCKETED HIGHER.
LIVERMORE MOVED ON AND THE NYSE
CHANGED THE RULES TO SAVE THE
SHORTS.
THAT’S RIGHT, SOME THINGS NEVER
CHANGE.
LATER HEAVILY-SHORTED STOCKS
DRIFTED LOWER, ESPECIALLY RETAIL
INVESTOR NAMES.
AS YOU CAN SEE BY TODAY’S ACTION
IN AMC AND GAMESTOP THAT IS
STARTING TO CHANGE.
SHORT INTEREST FOR CERTAIN
NAMES, THEY HAVE BEGUN TO EDGE A
LITTLE BIT HIGHER.
BY THE WAY IF YOU WANT THESE
SHORT POSITIONS TO GO HIGHER
BECAUSE YOU WANT SOMEONE TO
SQUEEZE.
THE MORE COMPELLING SHORT NAMES
ARE REALLY STARTING TO DO PRETTY
WELL.
I HAVE TWO NAMES ON MY RADAR I
WANT TO SHARE WITH YOU.
SPORTING GOODS AND EV BATTERY.
THEY ARE HEAVILY SHORTED PLAYS
NOT NECESSARILY PLAYED BY THE
APES.
CONGRATULATIONS.
LESSON FROM BEST BUY, COMPANIES
DO LEARN HOW TO ADAPT, THEY
LEARN HOW TO STAY ALIVE.
THEY LEARN HOW TO THRIVE.
OF COURSE NOTHING IS GUARANTEED
AND THESE SORT OF IDEAS CARRY
HIGHER DEGREE OF RISK.
I SAY IT BEFORE AND SAY IT
AGAIN, SMART MONEY ARE NOT
GUARANTEED ALWAYS TO BE RIGHT
EITHER.
WHAT I’M REMINDED, WHAT REALLY
INSPIRES ME WITH THE INVESTING
APES YOU GUYS HAVE TAKEN CONTROL
OF YOUR LIVES.
YOU WANT TO CHANGE YOUR LIFE.
I SAY, FIND YOUR OWN WAY, CHART
A NEW PATH.
BREAK THE UNFAIR RULES.