 Well, welcome back everybody for this lovely Friday on the 11th of January already two weeks in going into the new year Good to see you all loud and clear. Good. Good. Good. All right. So we got a nice little run already already this morning We got this FTK. That's up a hundred and seven percent already nice little cheap little stock exactly what we always look for We're gonna talk about I know a lot of you guys saw the stock earlier eight o'clock this morning Everyone should have been in right around the 265 price range once it broke out a little bit She's not a big winner, but you know what how nice is to buy a thousand shares of a two dollars and sixty cent stock Which is about two dollars and twenty six hundred and you're up about two hundred bucks for the morning Some of us would be happy with that do that every day an age of fifty thousand a year, right? I don't know too many people could do that in 30 minutes, but anyway, she's been pretty she's been really really a nice easy runner Two point seven million shares traded She tested that resistance levels. We'll talk a little bit about that, but there's a bunch of them out there and Before we do that. Let's go out there and let's just talk about yesterday And then we'll we'll get into the watch list. So a couple of good stocks I want to cover from yesterday that did pretty well First of all the PCG Wanted to bring that back up We all know potentially it's facing a six point nine billion dollar penalty from California Wildfires, we all know that's you know, I say it all the time Unfortunately catastrophes make opportunities and I'm not talking about the catastrophe for the fire for us It's about this company that got involved, you know, so we're just benefiting from you know what they did so PCG you could see it nice expensive and always thought quote-unquote blue chip safety stocks, you know on a On an on you know utility stock you would never think that would happen and sure enough look what it did down to 17 dollars That was pretty good and looks like you know what we want. You listen There's gonna be a buying opportunity PCG, you know, it could be six months from now It could be two months from now, but let all this bad news come out as much as possible once it finds its bottom It'll be okay, but I Don't think PCG, you know, I never heard of utility company going out of business. I'm gonna get merged another big one Bed bath and beyond that was another nice one We had yesterday had a couple little nasty shakes right here, but she broke higher highs that one did really well You know, it was gapped up yesterday The day before and then it just tanked in pre-market, but she came right back that one We did a lot did pretty well Poor earnings got crushed But you know, you could see it really kind of didn't crush it too much because it came right back The AMRN was probably the best trade of the day AMRN was another very nice and expensive stock Around $14 right 10 o'clock. She ran all the way up to about 1750 and then she continued a mill the day So that was pretty much the best day of them all now for a lot of you there are my students goal platinum and diamond students we we just finished phase three yesterday and Let me tell you the first lesson the first day lesson one and two, you know yesterday I mean, it wasn't it was okay. It wasn't great. We learned we've learned a couple of things You always learn something because it's always live trading But you know if you're if you're a veteran been here and you didn't weren't able to get into class because you wanted to Trade you got to watch phase one and phase two lesson one and two. It was just awesome. All right So that's that ladies and gentlemen now. Let's get ready going into what's going on this morning Obviously the big news this morning is that FT? K trade right there She's starting to kind of build a little bit of a support right here, which pretty looks pretty interesting So that right now is the top of the list this morning early. I don't know what was happening I thought the pot stocks were really making a big Comeback a pot stocks. You could see I mean these things got destroyed Maybe TL our why we know we knew this was gonna happen I mean you have a stock that goes from and we were trading this thing at $20 when it went public and you go 300 but I still have people that talk about it every day But you know listen if you're new to here to see to you you're watching this on our channel We get these things all the time, you know, I can go down the list of elfin dryers, I mean it's just a This is so a CC I yeah, and there's so many of them out there So don't worry. We'll find another one but but but that's that's the past That's worried about the present and I thought the stock was gonna make a big comeback But she really took a big hit she gapped up pretty big up to a past 100 She's down about six bucks, but obviously a lot of us are not gonna trade a 94 dollar stock But we do have the other ones that we could trade echo along with it like a new Bev Chrome CRON, you know ACB, you know all those other stocks are pretty good too. All right, but we'll keep an eye on that one Remember, this is the indicator IPX Why I mean Here's a stock up 11% stock that took a little bit of a hit a couple of months ago You can see it was at $4 start make a little bit of a comeback Spread looks pretty okay. Good volume nice iceberg orders here on the matrix You know, it's I'm always looking at some of these sleepers that come out of the way HIMX what a fun stock that was last couple of days. We did pretty well on that one She's gapping up again up up 6% 73,000 shares. She was an easy stock to trade. She was fun We know how she trades you probably took very good notes on your journals like we taught you to do Keep an eye on that one that one's not bad and GM what's going on with GM? I haven't heard that stock in a long time. Long time. What happened with GM? Would they say what one of you put out a put out a chat out there regarding their news? Something about GMC's was it Ernest per share was it Would you write that Frank Fran wrote that was at 650 to 7 it just a little more free cash flow Well, listen when you when you start firing Employees which is the most expensive part of your, you know, your expense of running a business Well, you know, obviously when people look at is I think it is bad time sometimes a very positive sign That's why these stocks open up. So obviously they're doing pretty well I'll be about a flying. Are they developing a flying car? Well, we are invaders over here in America. So every always likes to follow the leader so what happened with Tesla, but I'm not ready for flying cars. I thought they're gonna be here sooner after watching back to the future Remember that movie when first came out? So I don't know what the hell's going on. We haven't got him yet. That's the Tesla's new roadster Let's see how that thing takes off the ground no more traffic jam no more helicopters All right, so what stock I want I can have a little fun talking about guys and you know And a lot of you here been here for a long time. I got to bring this up It came up on my radar and I want to just talk about it really quick the Was it WTW? Weight Watchers Who remembers weight watchers? Let me change the slide here remember weight watches. We were training it back last year And it went from $20 all the way to 110. We're like what the hell just happened You know like who would ever think buying weight watchers and we all know you know Oprah bought into it and pushed it up I think that was that nice little rally here in 2016 But first of all, I mean where did that come from right went to a hundred dollars weight watch you kidding me? Well, look where she is right now. She's at 33. Let me change the time frame over here Look what happened. She tanked in July from 110 down to 35 Okay leader, you remember remember we kept we were training weight watchers and we said, you know what this thing It's pretty too volatile. She was a great swing trade but This is the big difference, you know what you learn being a day trader while we're here is that everybody thinks like I Can't really day trade or I know some people that that are trial members are like, you know, it's really not my style I'm glad that I jumped in but now I understand it. The thing is this If you want to be a swing trader or an options trader You got to know what happens over the course of the day to be a good day trader and by being a good day trader You could see why W Wtw went all the way up and you could have known how to get out probably around the 90s a hundred dollar price range And now you know what some people don't know want to take a loss and now that you know that nice profit that they were Banking on now is gone, you know, so you got to be a good day trader remember day trading is the most conservative Less risky thing to do people don't think that they think it's more risky I'm like, no, it's not because the more technology need more indicators. You need more this more that it takes more of your time Time is money Some people just happy just trading the FT the FTK that we traded And just making that 200 bucks this morning and calling it a day, you know So, you know, that's that's where it comes into play But anyway, I just thought it was a kick to bring up Weight Watchers how crushed it got No, we were talking about we and you know, we were talking about it a lot in in the morning meetings watching that stock So I was just it's it's just it just blows my mind and see where these things go like going back And sometimes you crack, you know, it drives you crazy because sometimes you like look at some other stocks And you're like, wait a minute that stock is $1,100 Or like a price line price line. Are you kidding me? What's it? What's the sim? I didn't even look at it What was it? What's a symbol of price line? You probably never even saw this stock before What is it P? Was a PRLN Not to say everybody remember the symbol of price line in the room Look, nobody even knows it because there nobody trades it. They're even thought about it DCLN is that it? No, that's not it LN No, that's not it No, that's not it Not coming up It's not coming up on my radar It has a new symbol. Is that why okay? All right, well that figures it out But anyway, was that stock like I? Thought it was PCLN also not coming up. It has a new name Well, anyway, it's not important the bottom line is some people never thought that stock was like $1,500 So it's like what price line are you kidding me? It's that's a new S. That's a new word be BK and G Yeah, I'm not I'm not looking at dryers that that is that's gonna have a new symbol to Actually, I always get a kick out of this DRYS My buddy Ken over there You know, it's funny, but you can't really notice it on this one but With all the reverse stock splits where it's trading right now the stock was trading at $15 million Back in 2015. Are you kidding me? That's scary or what? unbelievable All right, so guys, so let's get ready to trade markets opening up less than 15 minutes go fill up your coffees Remember, there's nothing really going on until about 9 30 feeding jump in earlier ready But if you got a good position right now, you know, like we say, let's hold till the open You know The FTK did pretty well for us. We always find new ones that will pop up pop out of the blue So if you missed whatever this morning in pre-market, don't worry We always get a new list of stocks like what we found yesterday, you know, there was a lot of them out there If it was the PCG or the AMR N like yesterday or BB By that we found and didn't really pick up to laughter. We always find something new But so fellow traders see something say something and if you're new to see to you I know we have a lot of new members make sure you talk to education advisor watch the videos that we told you to watch Watch how the traders make money. Don't look at me. Look at them It's not about me. It's about you know, it's it's it's knowing that if this is for you or not The only way you're gonna know that if other people could do it, I know I could do it You got to figure out if I'm if we're able to teach you how to do it And the only way you're gonna see that is watch everybody else So go out there and do your homework. All right guys. Good luck everyone happy trading and we'll see you back at 2 30 Meeting let's go out there make some money