 All right good afternoon separate traders welcome on back here this Wednesday August 30th shortly after 2 30 p.m Eastern time welcome on back here for afternoon meeting for all some social media Facebook live LinkedIn Twitter YouTube the works Just let me know if you can hear me loud and clear should be good to go for all of us inside our live trading room though Charles Andrea Grant Sam mark Michael joining us right now the hot stock of the day ICCT it's a new IPO. It's not as if we like always search for IPOs or any of that really but Whatever there's a stock that is coming off its IPO and in the More rare event will say where it ends up making a pretty strong pop out the gate Well, the thing with IPOs is that there's no historical data to work off of it's just you know Really whole number of levels for this type of trade and otherwise just the data that we see that builds across the afternoon and morning So, you know, it took a little while for this to break higher But finally it did you know is chopping around between seven fifty and nine bucks just in this range I really wasn't a fan of it going into the late morning early afternoon I couldn't have been less of a fan of it if anything Ended up just eventually breaking higher So no ahead with higher lows you hope to see a nice breakout and if there's a breakout then you hope to see a nice big move Well, thankfully this ended up giving us a big move and a lot of us ended up just taking advantage of this trade Just a moment ago. So a couple quick shout out to just right now It's a Xavier pick up like over a dollar on his trade. So Charles get like 30 40 cents on his position Kevin on ICCT got like nearly a dollar himself. Kath. She got like 35 40 cents Felix he got like a couple points on that trade and it's still going so for right now. Yeah, I see ICCT we're gonna put on our watch list at least to begin this meeting folks now Hey, we have class on ahead at 305 Eastern time the phase three stock course with Well, not with Fausta with myself actually I got the the late hot tag by Fausta earlier this afternoon He needs me to step in for him today. So I look forward to that I look forward to joining you all in class this afternoon. I was cutting myself short, of course on purpose Just kind of for fun there. So yeah, I'm gonna be tagging for Fausta folks phase three. We'll begin that at 305 But with that, let's go quick. So ICCT is on our watch list to begin markets We're pulling back just up until right now. So I might not find too many main Name brand stocks on the gainer side or on the top of it at least So any of you end up having a nice little pullback just now a little sharp drop So I'm gonna pass on that trade for the afternoon. This was one of the stronger traits from the market open though You know, I'd be pretty interested though really quick. Just bear with me for a moment. Yeah 1.6 million share float Tiny treating 85 million shares say what do you think was gonna happen? so That's pretty easy to call out there But same same will be said for a lot of these small cap, you know low cap stocks low float To we've seen this before it's been a great trade to us before but it's also dumped back down before So we are pretty familiar with that. I'm gonna put this on our watch list as a day trade looks strong here heading into the afternoon Great volume on the order book. So I'm definitely more of like a level one stock at that Now what happens here MSO X? What is this? Is this one of the cannabis ones rich? There was some news that came out during the day, right? Just led to a big pop across a bunch of the different marijuana stocks. It's already a huge pop Well as much as we'd want to see continuation It eventually dragged back down and broke below a support line at 267 for me It pulled back to the next supported 260, but that's where I think that MSO X ETF It's an ETF here. It's just up huge right now. Just I think there's this. I think there's another one MS OS Same deal. This definitely is a cannabis one that popped off the news So we're not gonna trade the ETFs as much Between the two this one's a little bit more liquid. I reckon I'll put it down on the side list I guess for right now, but you know, I'd rather trade the stocks if there's anything looking good going on the way up right now so You know a lot of those pot stocks even dumped off right now at this point So I'm not really too interested in them just yet All right, we keep it going though here pretty quick GTEC little pop earlier Rito RETO ended up having a nice move actually before pushed up from like 80 cents 85 cents up to 120 so pretty strong run the stock took a huge hit You could see as well looking back on the daily chart just like a week ago. It looks like or a few days ago I don't really recall that move led to an enormous drop a little broke down lower and you know getting a small recovery here so You know, it's a lot closer to the highs and it is the lows. I'll come back to it Also, I'll break this down for the side list if anything Alright GRWG is a pot stock that had a nice push earlier today Popped up pretty nicely before it's not really that close to the highs But again another one if I need to I'll check back in with it later That's all no great need to put this on our watch list just yet another ETF MJ There's till ray trying to push back up right now So, you know, we'll come back to him if we need if we need to say that off in here But you got to be picky and choosy at this time of the day Really stocks that are near the highs near the lows respectively coming off of good or bad news Lift is not looking bad at all right really strong push up right now on lift I wouldn't mind slipping this on our main list for right now. It's up over 7% Uber is not doing a whole lot right now. So no Uber, but we'll do lift Like lift is always better anyway, you know, always get quicker rides and on lift VRM going with Carvana. That's right a little slow though. This is right now Carvana from before had a nice breakout trade myself Chuck maybe a couple others if not mistaken took advantage of the run-up at first But you know, I eventually fell flat. So I had a strong last couple of days even before today I wasn't fully certain we'd get this type of breakout trade once it popped above 4750 I knew I was looking pretty good, but it didn't come right away and with it up as much as it was from this week It doesn't shock me to see this drop off more now All right, well time for water break mark calling out a short unbox We're gonna hop over to the loser side in just a bit. So we'll take a look at box if we need to if it's on the loser side Just a moment Bingo BNGO familiar name. I guess that had a nice run-up from before I missed that AMC I know rich was all over this one, you know rich was calling this out inside our trading room pushed up pretty nicely. It's just got Really like pop and drop to it all over it I mean just given how much it dropped off beforehand and the reverse stock split that happened it kept dropping You knew that this would have a recovery day But it's the short squeeze like it already was a short squeeze dating back to you know a couple years ago and last year Of course, but even more so now with another split factor then so what goes up comes back down what goes up drops twice as fast Big trees fall hard all that good stuff, right? So, you know, it's dropping out at this point wouldn't shock me if it continues So and I'm a bunch I said I'd go back to but for right now We have three stocks on the main list the ICCT the TO and lift actually lift looking pretty good So let's see if there's anything looking good on the loser side right now otlk down big A bunch of these are cheapies. So I'm just trying to kind of skim over them. If anything AMBA down big, but not really doing a whole lot right there either There's marks box short there. Yeah, it's not looking bad at all mark on the way down at the lows short of all At least on trade station double check if you're on toss or IB or Schwab or whatnot So yeah looking pretty interesting here box. I like it. All right. What else we got here anything else looking good We're already kind of like near at 5% on the loser side. So the melt-up that we had the last few days I mean, we didn't find a whole lot that was name brand on the gainers list outside of Lyft But otherwise not a whole lot really out there on the losers either Not trying to make this meeting short folks Actually, I kind of am but kind of not not trying to rush through things But we do have class this afternoon 305 Eastern time want to make sure all of our students alongside myself are prepped up Good to go but I think I scan through pretty much everything Let me know if there's anything else looking good folks up down left right more than 5% there's a bunch We'd say we'd go back to so RETO Trying to inch back up right now doesn't hurt us to slip it on the main list It's got good volume on the book Tilray is not nearly as close to the highs as I'd want to see it. So I'm gonna pass on this I'll probably pass on most the other pot stocks for right now Yeah For right now we'll pass So you and I saw just up 6% per can up a little bit, but it's just been stuck in this range I know Michael's a fan of the AI stocks are at least going into the post market this afternoon. Maybe that could pop overnight AI is not doing a whole lot special right now All right, so folks up down left right Let me know any last stocks you want me to look at here put the RETO on the main list and that was pretty much it So now we got five Show Benzinga here just lastly before we finish up not a whole lot that I missed right and a OV. Maybe I go back to Brsh maybe I go back to Yeah pass on that and we're gonna pass on this alright, we're gonna finish up folks bill at the horn here saying PLTR Doesn't hurt us to put it on the list bill not a bad call I'm gonna put PLTR on the watch list, but otherwise though that'll do it alright So hey, you know hey start and stick with this watch list here to begin You know it definitely gives you a decent head start to follow a runner into the clothes I mean had to scan the whole market folks I know it's kind of an abridged meeting, but I went through it pretty much everything So you know otherwise hey start and stick with what we got here stick with the lifts stick with the PLTR Perhaps you're the RETO ICC Tito's and the box if you're trying to go short there But otherwise I look forward to seeing most of our students in class coming up over gold platinum diamond CTU students Folks have access to the phase three course ahead normally with house Do I get the hot tag every now and then so I look forward to trading with all of us here live heading into the market clothes And we'll go from there alright. I'll talk to you all soon