CHARLES: ALL OF A SUDDEN AMC HAS
BECOME THE BIGGEST DARLING OF
THE REDDIT INVESTMENT CROWD.
MORE PEOPLE ARE INTERESTED IN
THE COMPANY’S STOCK.
INTEREST IN THE STOCKS HAVE
THEIR OTHER THAN COMMUNITY AND
OWN SET OF HEROES INCLUDING MY
NEXT GUEST, MATT COORS.
MATT, WELCOME TO THE SHOW.
BEFORE I MAKE SURE YOU TELL
PEOPLE YOU’RE NOT A FINANCIAL
ADVISOR.
YOU ARE A SMART GUY.
YOU HAVE BEEN BEHIND THIS A LONG
TIME.
YOU CREATED A STRONG FOLLOWING
OF SO-CALLED MEME STOCKS.
I’M CURIOUS WHAT SPARKED YOUR
INTEREST IN THE FIRST PLACE?
>> THANKS SO MUCH FOR HAVING ME
ON THE SHOW.
MY INTEREST, I’VE BEEN TRADING
OUT BETTER PART OF A DECADE.
I HAVE NEVER SEEN THIS MUCH OF A
COMMUNITY MIND SUCH A, LIKE JUST
RESONATING WITH A LOT.
FEELS LIKE IT IS SOMETHING A
LITTLE MORE SPECIAL THAN
SOMETHING PLAYING OUT IN THE
STOCK MARKET.
I JUST LOVE THE COMMUNITY HAS
REALLY COME FROM THIS MOVEMENT.
CHARLES: YOU KNOW, YOU MESSAGED
A LOT, WHEN YOU LOOK AT YOUR
WORK, IT IS EXTREMELY
INFORMATIVE, PARTICULARLY WHEN
IT COMES TO THE SHORT POSITIONS.
THAT SEEMS TO BE THE LINCHPIN.
HOW DOES THAT INFLUENCE REDDIT
INVESTORS?
PEOPLE KNOW THERE ARE NEW TERMS
BUT HOW HAVE YOU TAKEN THESE
SHORTS AND TURNED IT AGAINST THE
SO-CALLED SMART MONEY?
>> YEAH.
SO THAT IS EXACTLY RIGHT THERE.
THAT IS WHO WE’RE PROCEEDING IN
IT PARTICULAR TRADE ARE QUOTE,
UNQUOTE ENEMY, WE WANT TO KNOW
THE SHORTS, WE WANT TO KNOW THE
SIZE OF THE SHORTS.
AT THE END OF THE DAY THAT IS
WHAT WE’RE LOOKING FOR TO PROMPT
A SHORT SQUEEZE WITHOUT GETTING
TOO FAR INTO THE TECHNICALS, THE
SHORT SQUEEZE, GAMMA SQUEEZE,
FOMO BUYING ARE MAJOR FORMS OF
BUYING POWER THAT COULD BE
PROMPTED IN THE SITUATION WE’RE
SEEING.
AT THE END OF THE DAY IT IS ALL
DIFFERENT BUYING THAT COULD
REALLY PUSH THE STOCK SKY-HIGH.
CHARLES: YOU GUYS FLIPPED THE
SCRIPT BIG TIME.
EARLY IN THE YEAR THE
WALL STREET WENT CRAZY.
FINANCIAL MEDIA HATED YOU.
WHEN THE STOCKS STARTED TO
SETTLE DOWN IT LOOKED LIKE THEY
WERE DANCING ON YOUR GRAVES.
WHEN YOU HEAR PEOPLE TALK ABOUT,
THE TERM SMART MONEY.
ANYONE WHO IS BUYING THE STOCKS
RIGHT NOW THE INSINUATION IS
DUMB MONEY.
HOW DOES THAT MAKE YOU FEEL.
>> EVEN AT THE END.
DAY IF THAT IS THE MONIKER WE’RE
REFERRED TO AS DUMB MONEY AT THE
END.
DAY WE’RE MAKING MONEY.
IN PARTICULAR SCENARIO I’M PROUD
TO WEAR THE BADGE BECAUSE AT THE
END OF THE DAY MY PORTFOLIO IS
HIGHER.
>> I’VE BEEN TRADING FOR A
DECADE.
SO YOU UNDERSTAND TRADITIONAL
VALUATION METRICS.
CERTAINLY USING THEM ALL OF
THESE STOCKS ARE OVERSOLD.
HOW DO YOU JUSTIFY, THERE IS A
DIAMOND HAND APPROACH TO THIS,
HOLDING THEM LONG TERM.
WHAT ARE YOU USING TO SAY THIS
IS JUSTIFIED HOLDING THESE NAMES
FOR ONE, TWO, THREE, FOUR, FIVE
YEARS?
BECAUSE YOU CAN’T DO IT USING
TRADITIONAL VALUATION METRICS.
>> YEAH, I COMPLETELY AGREE.
IN MY PERSONAL OPINION WITH THIS
IS MORE AFTER SWING TRADE TO SEE
HOW THIS PARTICULAR SHORT
SQUEEZE NARRATIVE PLAYS OUT.
THE DISCUSSION FOR A LONG-TERM
HOLD IS BETTER TAKING PLACE WHEN
THIS PARTICULAR STORY LINE IS
DONE BECAUSE RIGHT NOW IT’S A
SMALLER TIME FRAME.
IT IS THAT CLASSIC DAVID VERSUS
GOLIATH.
RETAIL VERSUS WALL STREET.
99 VERSUS ONE.
AT THE END OF THE DAY YOU LOVE
THE UNDERDOG STORY BUT WITH THAT
BEING SAID THIS IS NOT A
LONG-TERM UNDERDOG STORY.
WE’RE DOING THE FIGHT RIGHT NOW
FOR THAT SWING TRADE, THE DUMB
MONEY VERSUS THE SMART MONEY,
THROW BOTH OF THOSE IN QUOTES.
TO ME THIS IS A SWING TRADE JUST
TO SEE HOW FAR WE CAN REALLY,
REALLY PUSH THIS NARRATIVE.
CHARLES: RIGHT.
>> FOR ME I DO LIKE AMC LONG
TERM BUT I WOULD CONSIDER THAT
AN INVESTMENT ONCE THIS
PARTICULAR STORYLINE IS
COMPLETE.
CHARLES: I GOTCHA.
ONE OF THE REASONS THAT I LOVE
THE 8S, I TOOK THE TEST TO
BECOME A STOCKBROKER I CRUSHED
IT.
I HAD NO FORMAL CLASSES.
I HAD NO HELP.
I WAS TOLD I WAS GOING TO FAIL.
I WAS WALKING FROM THE TESTING
SITE THERE WAS A LINE FROM A
STEVIE WONDER SONG, OVERJOYED.
IT PLAYED OVER AND OVER IN MY
HEAD.
THOUGH THE ODDS SEEM IMPROBABLE,