 Boom What's up money geeks? Mr. V here. Welcome to another video guys. So in today's video We are going to talk about take a symbol SKL Z skills I did a video here on the channel where I covered the company in-depth what they do Basically, it's an online Sports or online gaming company where they allow developers to create games and publish those games and monetize it and make profit And they've also taken the step of actually introducing competition between people playing and as well as Creators of the game. So if you didn't watch that video, I'm gonna hook it up here So you can definitely go check it out into this video I just want to talk about why the price of the stock has been moving and also Projections for in our future price point. So that's what we're gonna cover into this video But before we get started guys, if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and a notification bell So you don't miss out on new content. So skills again, like I said is a company that provides You know a platform or software as a service for developers as well as people to play games Online and so if you're a developer you go there You can develop your games and post it there and then they will monetize it and then share that revenue with you Likewise people that just wanted the people are playing the game You go there create an account and you can play whatever games and you have Sales inside those games that you can buy and that's how they generate a ton of revenue. So this week Let's jump to the chart here. So if you see this week of February the stock open At about $17 and some change, but see finish the week Getting a hearing a high of about 40 for these $6. So you probably say what happened there I know everybody's like wondering what happened to skills and if you missed out on this opportunity The reason why is kills really popped a lot is weak is wait for it Art invests actually bought you can see here. I can invest actually bought Shares of skills. So let's go to stocks here in one of the ETFs So right here you can see skills is one of the stocks that actually bought and they own about 51.7 million dollars one tough skills Shares, so you're probably asking about why skills and we we know very well that I can invest has cat Cathy with his smart. She has a ton of Smart analysts that can go out there and look for really good products and good companies to invest in so we see that they are looking at skills because of Not e-sport and the fact that we have this like something like the pandemic that holds people in sight People still want to interact and do fun things and so they're looking at at e-sport is a good place To start and the fact that skills is not just a gaming platform But also a creative platform So other companies they just have all the games you just go and play this one They bring in both the creators and the players on their platform So they're benefiting from both ends the benefiting from people that want to play the game better and fitting for people that Want to monetize their games on the platform? So that is why I think they got into the stock So I got into skills when I did the video Before the merger and I told you guys that this is definitely a buy for me, which I did Right now. I'm just beating myself that I should have put in a ton of money in there But obviously I didn't have that much to put in so I bought Enough for the money that I have so I'm not I'm not like selling there regretting but I'm saying I wish Anyways, so if you missed out on the opportunity, you're probably asking yourself like hey What should I do now as it is can I get in now again after a major run like this most stocks Would pull back so I don't want you to jump in and buy this thing up here Even right now are 43 Anticipate a little bit of pullback before you can get in so right now anything on there that $40 price point we start looking you can start opening a position right there So if you can get if this thing can get us back down here to around 40 That would be a good place for you to start a position and then start building so that if you start here And it goes down you can average your way down to build a bigger position And if you if you start here starts to go up and then you can continue to average your way into the stock So again wait for that pullback after a major move like this again. We're talking about this start going from Going from $27 all the way to a high of $46 and some change that is a lot as a huge swing So be ready for that pullback and so before you can jump in don't jump in One of the risks that I want to bring to you guys is that according to skills They reported that the 79% of their revenue comes from just three of their games That is a little bit scary the fact that those three games are the really core of their revenue What if the developers don't want to be part of the skills anymore? What happens to that so and the three games is solitaire cube and then they also have their 21 Blitz and you can see here solitaire cube and then the 21 Blitz and Blackout bingo, so you can see this is blackout bingo is solitaire cube and then is There's 21 Blitz. So those three games are Account for 79% of their revenue. So you should be a little bit worried I'm pretty sure they are doing a lot of work on the back end to try to get in more Developers and get in more people to you know be part of you know the games So that's something that they should work on improving but other than that I think Cathy would and her team have done the due diligence and they see that there's a ton of opportunity here I don't think they never would have bought into the stock is again They go after disruptive companies and these guys are gonna disrupt the e-sports space And so I think that's why they are investing money into the stock So again, let me know in the comment section what you guys think about this. Are you into skills? Are you looking to get into skills? If yes, I think long term this stock is gonna be way over a hundred dollars So if you want to start a position for long term Definitely wait for that pullback and start loading up for that long-term position But again avoid buying at the peak because when that pullback comes Then you're gonna be holding a bag for a while before it moves up So definitely make sure that you wait for that pullback and as always guys, do your homework Don't be a greedy savage and stay motivated