 Alright separate traders welcome on back here this Friday morning August 6th shortly after 9am eastern time and welcome on back here for our morning meeting of course I am not Fausto if you're joining us on social media Facebook live or YouTube welcome on back either way my name is Josh Levitant Fausto senior instructor you may be familiar with myself here in the afternoons but nonetheless great to see all of us live inside the trading room Larry Donald Bonnie Grant Leda got Ray Wayne Doyle I saw Wayne pick up some money early this morning on the A&Y trade we actually had a pretty active pre-market just took a little while to get the gears going so let's talk about that to begin we actually also had a pretty good day yesterday so we'll recap the day that was yesterday at least from that point and then we'll go from top to bottom as always so you know right now Fausto is actually spending a bit of time with family I know that he ended up taking his son to Legoland this morning I think that's the new one out in New York City I'll be a little honest a little disappointed I didn't get the invite but no I'm just kidding I'm totally teasing there I'm a kid at heart but I think I'm a little past the point to be playing around with Legos but he'll be having a fun day with family and that's what we all strive for here as day traders at least to make your days pay to finish up early and that's it do whatever you need to do spend time with family take care of work enjoy life either way so for right now A&Y you could have made your day pay on this stock here at least a pre-market took a little while like I'd said and you know let me just zoom out here on the one minute chart to go over that but there we go so pre-market was slow this morning like 7.30 this was already tanking dropping off it wasn't presenting really any buying opportunity a lot of other stocks were kind of doing the same thing and even after 8 o'clock and there was not really a whole lot out there I was making minimal call out to that point but this A&Y trade it was holding under 5 pretty nicely here in pre-market after 8 some like spikes up dark cool spikes up here perhaps but you know generally holding under 5 ended up making the push up a little bit later on I mean held right around 480 push back up and once it broke over 5 I know a couple of us just jumped in and out pretty quickly for about 10, 12, 13 cents now more here if you're still holding on so the A&Y trade easily enough will put on our watch list for the market open you know I'm pretty familiar with the stock as are probably a few of us inside cyber group we've traded the stock on and off just you can even see probably just dating back to June time here early June popped and ran up from seemingly 225 up towards just about 360ish 375 here but just over the years you're just familiar with the stock based off it's you know moves up and down over the years so we've seen the stock pop up and run across the day we've seen the stock come out with news in pre-market and then dump off after so you know it could be one or either you know so this stock right now definitely will put on our watch list for the open what I do like about it more than anything makes it just a tradable stock the you know liquidity how tight the spread is just very filled in order book even here in pre-market trading 12 million shares so you know hopefully there's a lot more left to the A&Y trade the other stock though that I wanted to jump to really quickly is one that I called out shortly after 830 I logged inside the trading room right at 830 and I said really I didn't really miss much thankfully at the time but I stock ended up kind of beginning to push up slowly and steadily and I was saying hey this MVST trade like the spreads weren't terrible the order book you can see is a lot thinner compared to the A&Y but you know this stock ended up holding pretty nicely around 12-20-12-25 this could be interesting now that's not the reason why it moved up the reason why it moved up is because we ended up seeing big orders on the bid pop up and from that point thankfully they didn't get filled because if so that would lead to a bit of a drop off and you know between the orders on the bid popping up and the orders on the ask simultaneously getting filled that's what led to this stock running up and just to explain what I mean there really I'll bring up level 4 just to show alright so you can see here this order popped up as this was kind of pinning itself underneath 12-20-12-25 and from that point that's what I'd called out there's actually two one right here that's like even smaller popped up just very intermittently and then this one here so just over time you can see the pattern and if you're joining me on the morning meeting for you know for the first time or if you've seen Fausto perhaps previously over the last week you know there was a stock MOXC that we ended up seeing a very similar pattern with this on where they ended up squeezing the stock up or a stock like this the MOXC stock that is up and up and up had these big orders on the bid popping up and pushing up so long as they don't get filled so long as they don't completely get filled then we're in the clear looks like one got filled here and I was a little concerned at the time but this one held it pushed up broke over 12-50 and well you can see what happens here it's actually very you might not be able to pretty tiny so order on the bid popped up it ended up getting pulled from what appears to be 12-34 and it moved up towards 12-60-ish but once this order got filled and there was no support to catch it that's what led to the drop off so it's very similar in relation to that trade from like a week ago a week and a half ago the MOXC stock that Fausto showed in the morning meeting you can probably go back on our YouTube channel just for that that being youtube.com slash cyber trading you I know a lot of us are joining us live right now there but if you're on Facebook go right to our YouTube channel we have our all over recordings of our morning meetings that's listed right there probably like on the top alright so hey MVST right now it's pulling back down I still like the spread I still like the volatility I don't know what the news is I'm going to guess it's going to be earnings still check here alright so micro vast not to be confused with micro vision MVIS and we'll talk about that coming up I'm sure but MVST sees high Wall Street bets interest as the stock surges 20% so I don't think there's any like news or fundamental news to as to why the stocks moving up you know it's more or less just seeing like interest from reddit meme stock you'll need to call it with like you know AMC MVIS Blackberry all those others so it's just that I'm unfamiliar with this trade I've never really traded the stock at least over the last year year and a half it looks like it had a couple of big volume days here maybe we did call it out and I just don't remember but either way hey I'll put this on our list and I'm keen to trade this so MVST will join the ANY so far alright so those were the two big ones that we ended up trading in pre-market this morning it's just you know things could be slow at times here in the summer it's a Friday anyway and you know there's not a whole lot really out there in relation to news compared to Tuesday Wednesday Thursday you know the hump days of the week so you just have to kind of wait a little bit be a little patient but not just be patient and just chat chat just scan you gotta scan around see what's out there and once there's a good call out in the chat board you know hey big iceberg orders on the bid for MVST if there's nothing else out there then you gotta give it a chance you know you can't set a stop here in pre-market but you know at least take a tiny position manage it very conservatively and thankfully on this type of trade it ended up leading to a nice push and a few of us were able to take advantage of it so you know otherwise from the ANY and the MVST here let's see what else we got here going into the market open you know for any of the stocks we ended up trading yesterday we'll go over those pretty briefly if we end up running through them across the gainers or losers list or if they're pretty active otherwise you know we'll check them out at the end alright so the ANY we talked about that's the top percent gainers so far this KXIN trade since A30 has been a drag but you know slowly beginning to push up you know higher highs and hopefully a higher low building here off the VWAP pre-market so far order on the bid right now 208 37000 share order on the bid and then from there to it's got a pretty liquid book though so it's similar to the ANY just not as fast so the KXIN we'll definitely put on our list here I got the switch I don't know kind of low volume on the ease and VST has worn so skip over those just interesting alright so see what else we got the BEST trade best ended up making a bit of a pop early in pre-market here and then just kind of dumped off I mean you know it's almost like watching the grass grow here at this point so you know I don't know I'm not really as particular about this one just yet WPRT let's see if we can keep going see again this was a stock in pre-market the FAOSTO put on the pre-market list and things were looking pretty interesting but you know it started to flatten out and then only from there the volume just kind of died off and I mean right now the stocks just beginning to break lower now so maybe it could be a good trade after the open I don't want slipping this on our list it's not like the order book is too filled in or too thin pretty good maybe put this on the bottom of our watch list at the end of it all alright so this will be for fun I mean I'm not gonna put this on the list this XCNT it looks like crap but just for fun and just to check to see what it is I mean I've never traded the stock before but it seems like I'm right XCNT shares trading higher after Medtronic announced that it will buy the company for $26.25 per share in cash the $28 or $26 that's $28 either way I mean that's negligible either way but just you know buy out it's not gonna move found that to be pretty funny I trust me there I didn't load up the news before I started the meeting I didn't know that in advance you know just anytime you see a stock gap up and flatten out like this just you just guess buy out ATHX another drag I mean a lot of these stocks were just not really moving after eight o'clock before eight o'clock even you know they may have popped earlier gapped up in pre-market but you know this one joins the list so ended up beginning to you know kind of dump off here I might just continue to pull back after the open so I don't know I'm kind of reluctant on this one too much like the best trade kind of put this on the side. AUPH was a former runner years back and I think it made a move I don't know maybe earlier this year I think this was I don't know kind of spotty chart here otherwise 108,000 shares up almost 12% that's good to see hopefully the order book fills in more but again not really showing me a whole lot here so far I'd rather you know kind of skip over this you know on a slow Friday so far the BYSI Trivia had called out right off the pop I was like skimming through my level four my book map you know I'm just going from stock to stock on there just you know really trying to make a call out look for something and out of nowhere this just kind of fell in my lap like literally as it broke out over even 23 and then from that point ended up making a nice little push up I don't think there was news that came out I did check on this one beforehand I didn't really see anything I don't have anything from pre-market this morning so this stock clearly had made a pop and then big move yesterday or two days ago at this point right back from Wednesday this week ended up making a big push in pre-market off of news it was up 315% and it was shortable you know ended up dropping off early in pre-market it was up as high as $45 at that point actually you know what I'm just I got time show you when I tell you about when I could just show you it that's probably why because I got to go back in my chart settings here just to go back a couple days here give me a quick second but it's fun I want to show you this year really quick we got time alright so look what happens to the stock if you're unfamiliar so early pre-market Wednesday morning stock end up going from like five bucks that was even all the way up to 25 and then through 25 all the way up to over 45 you know this stock was shortable it was insane because you know normally for a stock that's up 50% 100% leading into the market open you're expecting a pullback you know a drop off and those stocks normally are hard to borrow it's just not even worth thinking about so you know I was really hoping for this stock at the time to like really hold strong before the open and then dump because I'm not going to trade this thing in pre-market as much because the order book was so thin I'd rather not risk it because you know if you're on the wrong side of that trade in pre-market with no stop or any sort of risk management guideline you're screwed so you know that's where I say should it could have what a stock ended up dropping all the way back down to like 25 bucks by the time the market opened up it seems well today long story short getting back to this you know order books can be really thin on this stock I'll slip it back on our list here the BYSI in hopes of a you know another squeeze up it's still a shortable too so if it completely drops and it flops back down then hey it could be worth the you know trade it was yesterday so we got a couple of earnings here otherwise right so it was like kind of slow pre-market up until 840-ish or 830 or so afterwards but you know we do have earnings we have a plug from yesterday we have space from yesterday we have damn probably like everything like beyond B I see Arrowhead Pharmaceuticals ARWR that is I think GoPro slipping on that calendar there I mean plug I think that we had we had NCLH OCGN DraftKings CGC you name it if I missed anything else let me know but you know plug right now definitely a stock that we're familiar with coming off of good earnings and just easily enough we'll put this on our watch list see what else we've got here we'll kind of skim through here relatively quick I want to make sure that we have enough time to chart go through the level 3 of the volume and see you know what levels are worth watching going into the market open I only ended up prepping up the MVST so far myself there's GoPro right below plug on the gainers list right there a bit of a spotty chart did pop in the after hours yesterday you can see I don't know maybe it'll be in play after you open I'll pass on it for right now the Bitfarm trade new stock I think the stock you know Bitcoin mining and there's some news in relation to mining in particular Bitcoin all the other cryptos we'll talk about that all in the afternoon folks you know as always but you know BITF definitely want to keep an eye on long term going forward you know you know not every day but keep it on your put it on your side list up seven and a half or seven plus percent so far trading 200 plus thousand shares and a bit of a spotty chart so far but I don't mind keeping this on the side let's hop over to the losers list see what we have on that side and then we'll see if there's anything else that I missed the ZNGA trade shortable SPPI shortable so we've got a few here so far actually damn the whole losers list here really is easy to borrow it's pretty interesting this one's down big at least and it is shortable so if it ends up squeezing up towards you know like a 250 to 60 and then rounds back down it actually is worth the you know opportunity as a short so the SPPI I'll put on our main list and this actually is a decent option nah this one not as much AUD just because it's shortable and down big doesn't mean I'm going to put it on our list right I don't know what this is about but pass on it ZNGA another one that I think had earnings yesterday maybe this morning I think yesterday dropped in the after hours you could see you know I know it's going to have good liquidity on the book right now at least there's an iceberg order on the bid even at 825 and like I said we're made a tight spread stock going into the open and after so I'll put it on alright so I'll ask in advance folks if there's anything else I missed up down left right more than 5% that's the way I like to say it let me know in the chat boards YouTube Facebook live of course for all this inside the trading room it looks like gold's down this morning and just metals all together out of red wreck and I see silver down to Jnug the miners ZY down 7% dropping off unfortunately it's hard to borrow this morning back I think two days ago it was easy to borrow my platform either way I mean it's still very active stock and just because it's you know hard to borrow my platform doesn't mean that it's hard to borrow yours so ZY I'll put on our watch list too we'll still have good volume on the book after the market opens at least alright let me jump to YouTube first alright so I'll do you first then huh pun intended do you YouTube alright so from Ian on YouTube how about XTLA running up to ATH now that would mean all-time highs but I don't think that's all-time highs is it all-time highs that stock I mean this thing's like really flat right now now don't get me wrong I lie personally do well on this stock I have over the last month at this point when it's been more active at least and I love trading the stock so you know if it was more active and worth our time I'd put it on our watch list but otherwise I'm not a huge fan of this alright then he said also options expired today on AMC and a huge put hedge getting unwound so may float up to 40 so that is one that we can maybe kind of a slip on our list at the end it's always a sideless stock at this point AMC and you're otherwise ended up making a bit of a push after it was more in the afternoon yesterday right yeah I know late morning late morning got the push I was tripping myself up there ended up breaking over 2950 yesterday ran up just about three points you know it did pretty nicely and then from there I made the move in the afternoon right so yeah that could be an interesting play after the market opens it's up 1% but you know after the open if it ends up breaking back over 34 we'll probably call it out in our trading room and that's definitely one I'd keep more of an eye on if anything Brian said they had earnings they had earnings too they really not put AMC on the calendar earnings no I don't see any earnings for AMC at least yesterday I don't know if it was more recent or maybe over the last week or two alright folks I think that just about does it though I see everything else in the trading room not much else otherwise hood continues to be nuts today yeah nuts is one thing but otherwise I'm looking to make money this did pop up pretty nice nice little squeeze up from 5350 up to 58 so nuts in a good way perhaps just again the order books going to be very thin and otherwise it's just I don't know I don't expect this to keep squeezing up at least today in short term see if there's any headlines any news out on Robin hood it's interesting because they said that they're going to report quarter to earnings on Wednesday the 18th after the close but they just listed so I don't know if it's going to be adjusted earnings or what but we'll see it's up 13% health and I'll put out slipping on our list I mean hey if you want to do the options on it or if you're looking just to try to one or two shares on it it might be my guess but otherwise I'm more interested in the cheaper ones not to say the ones that are like five and below necessarily but at least the ones that are more worth my time to where I could read the order book better to where I could at least you know feel that feel the stock out better and you know capitalize on it alright so for all of us on social media Facebook live YouTube I'll catch back with you folks later on today this afternoon so you know just make sure that if you haven't had the chance to do so already just make sure that you like subscribe notify right on our YouTube channel that being youtube.com slash CybertrainU otherwise feel free to join us live inside our trading room just go right down to the link on the banner below just to get yourself started on a small trial otherwise for all of us there right now like Bonnie and Leda and Grant and Norman and Michael I look forward to speaking with you folks coming up pretty shortly I'll be back on the mic in just about nine ten minutes from right now talk to you soon