 The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent addition to the power trading hour with me It doesn't matter where you're at. You could be in the crane Probably don't want to be though, or you could be here listening to me at this time the following takes place between 2 p.m. And 3 p.m. And Well, they've scared air of the bejesus out of everyone and We're probably in this kind of feedback loop now that'll last for a little while and that is that a lot of these highly Margined ETFs are gonna have to continue to sell every time the market pulls back a little bit which creates a little bit more selling and of course You just never know when the margin calls in these big ETFs or not so much ETFs But hedge funds where people were changed chasing Returns is gonna give up it's not so much a technical issue as a money issue and In in this or in previous times you had probably I'm gonna say probably the closest thing that Comes to this was the October November timeframe of 1998. I was just getting started as full-time trader and There was a thing called long-term capital management to all thought that they had the formula that would make money and in any kind of weather and You had people that were Nobel Prize winners and everybody all ate it up and Guess what? It's just like every other time someone has some kind of get rich scheme that depends on massive amounts of borrowing Things don't quite go your way for about five minutes and that's all it took to blow up long-term capital management What they have two three Nobel laureates on the thing I forget Certainly had a lot of smart people, but you know what? I've seen probably the smartest guy in the world that I'll ever meet ever Yeah, I'll probably ever meet or met. Yeah, yeah past tense and He was dumb enough to go with us to Las Vegas for a trade show and try to Martin Gale system at the at the blackjack tables So You know what they're just because people are smart doesn't mean that they're infallible and in fact generally, it's harder for them to admit that they're wrong and It took about a day for the smartest guy that I've ever met a guy that could do the job of seven other engineers He was just that smart But a little autistic But not quite as autistic as his wife who was really criminally and negligently insane He was a nice guy, but Man talk about focused. I have yet to meet anybody that was smart and focused a deadly combination but you know, they don't make many of those folks as my boss Who I don't know where he's ever gone to he'd last I saw him he headed off to Spain to retire in 2003 or four But he said Dave you don't hire If you're gonna have a competition for a high jump what you don't do is hire seven people to jump one foot You hire one guy to jump seven feet He also said seven where he said nine women can't have a baby in one month When I kept on bugging him on why stuff wasn't done He always had some kind of good Good Comeback But it didn't stop for me from saying are we there yet? Are we there yet? Another very smart guy Almost all of the people that I was associated with in that business were expats from England who all left because of the literally no chance of Getting ahead in England after the 1960s socialist Revolution in the country where they were literally going after everyone and of course The first hop was to come over to Canada where you at least had a chance and then of course moved to the United States Once you made your money because if you just left there They just eventually take it all away from you so there was no real reason to work that hard but very smart guys But Yeah, even the smartest guy in the world that know that a martin gale system will eventually Roll snake eyes see what I did here another mixed metaphor Educated idiots Well, I have to say it is it is interesting anyway a lot of people talking about What's going on in the Ukraine and stuff? I wrote this in my newsletter this morning I'll share it with you and I follow some people that are very good at making predictions not so much straight dogma and They all have kind of the handicap that Putin and Xi zing whatever his name is from China. We're all trying to get us all involved in In the Ukraine so that he can sneak down there and take over Taiwan since we probably can't go with both of them and of course The real Long-term damage to the country would be if they invade Taiwan We couldn't have products for maybe a year or two Imagine if they sabotaged the place where 80 percent of all our chips Either have a part made or a Some part of the supply chain And of course from what I've read that Taiwanese government has all those big Manufacturing plants all wired so if they did come in they blow them all up But you know what it's a big country comparatively to a lot of places not big in US standards, but The best explanation is that that they're trying to get everybody all hot and bothered The same neocons that people decried over the last 20 years for getting involved in The mid-east in Afghanistan are the same one screaming that we should go into The Ukraine of course, there's a long history with our current president and his son in Ukraine Well, you really don't know what's going on there. I don't know how that affects The whole thing we know that there's more than enough out there to say that it was More than a little bit fishy. I'm talking to him about Stuff so there's a lot of unknowns and generally that is problematic The markets almost always sell first and ask questions later again, like I said There's a kind of a rolling auction feel to what's going on here things slow down for a little while and they start up again We're gonna probably need a couple of days to go on sideways to know that any of the margin calls for these Big ones like that jethy woods and those folks is done is Anyway, I'm Going after my own grammar We'll be back in a Are you grinding in the market? But seeing little to no return or are you a successful trader simply looking to make your job a little easier Learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades Support and resistance define the ranges in which stocks trade by understanding these trading ranges David White is able to find the path of least resistance David White's trading newsletter the path of least resistance is delivered daily Before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee Take the path of least resistance at tfnn educating investors What's separating you from the most successful men and women on Wall Street? 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To 4 p.m.. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the Right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor You were born to be tfnn educating investors Toll free at 1 877-927-6648 Internationally at 727-873-7618 as we return That's it Well, we're gonna do a little history and they'll move on it's apropos on this day What is this now? It's 60 plus 40 plus one Now 40 plus 20 plus one so what is that 22 21 22 years ago something like that actually in 1961 There was probably one of the most famous speeches by Eisenhower most people believe it for remember it for the warning of the military industrial complex But there was a little bit more to the speech and a lot of people are talking about it lately in technology This is part of it today the Solitary inventor tinkering any shop has been overshadowed by task forces of scientists and laboratories in testing fields Eisenhower warned partly because of the huge costs involved the government contract becomes virtually a substitute for intellectual curiosity Why continuing to respect? Discovery and scientific research. He said we must also alert to the equal and opposite danger That public policy could find itself in because it's captive to a cadre of scientific Technological elite Long before Google and these other folks But Yeah Very present and of course one of the reasons why I talk about the vaccine industrial complex very often here because it did remind me a great deal of the speech but of course a lot of people wonder if military CIA didn't have anything to do with bumping off JFK Will probably really never know Maybe and maybe one day. They're still hiding documents about that day, which is kind of weird Hard to think that anything could still be secret after all that time, but you never know Anyway on this day in 1961 we got a warning and I think it was Very predictive welcome. I'm gonna call Eisenhower a little bit of Nostradomas on this day in 1961 Okay, yeah, what else do we have out here? Let's go ahead and start getting into some charts and see how these things are holding up as I had kind of a Rolling auction a great deal. Where did chart go? Come on, Mr. Chart. Come on up. There you go. I know you can do it Okay Microsoft although it has come off the top. I wanted to see how it was doing Whether or not it could hold Last take I see out here was What I always turn that off so we get back to this and I think it's Nope Yeah Last we have out here is $300 and 97 cents On Microsoft so holding that $300 a level is the volume blowout. No, but like I said the rolling auctions Continue to be I think Tom O'Brien once said these things can be kind of like a paper cut man. They hurt and they're painful There's not a lot of blood it just never quits and that's always the problem when you look at these But Microsoft not so much there had some questions on Netflix And one thank you that said early in the week on why I hated these things The streaming services, I think that we talked about it. What is Monday or Tuesday Tuesday? On why I wasn't a big fan of either Netflix or Disney. I thought their expenses are going to go way up Certainly on Netflix We talked about maybe some of the content alienating some of its viewers. I think there's a a Lot of ideas in Hollywood that if you just shove the dog's nose in its poop That it won't go there anymore. We all know that doesn't work My dad was big in a big fan of saying he who is convinced Against his will is of the same opinion still. I think there's a little bit of that But certainly they've lost subscribers. They're raising their price. I don't think it's going to do a much of any good Did I think it was going to be quite this bad? No, but you know you get out on a bad day And you say something horrible you're going to get punished double Not double top secret, but just double and it's not going to be secret out here But yeah kind of holding 400 now, but is that going to change anytime soon? No, like I said a lot of the wind is that the in the face of these streamers And we talked about how many shows actually are now being written We have six hundred shows that are written as cereal being serialized So each one needs some decent writers and we know the talent pool is not that deep Hollywood Hollywood is mostly the shallow wind where maybe there's a few room for a few but not room for all And they become rather Formulaic kind of like the bad movies that my dad would see and tell me about going to the movie theater where you'd watch the serials like Was a lone ranger and I think he had some other ones that he'd watch remember always telling me about About number one and number two son from Charlie Chan But I think that was a serial or maybe they were longer versions of that, but he said he would go watch that Anyway, everything's old is new again, and I don't think there's a whole lot different Now the real question is you knew Netflix had some issues We talked about some of the reasons why I really disliked What Disney had been doing? We talked about that earlier in the year with them I'm molesting Some of the better properties like Star Wars There is some signs What am I doing here? There are some signs that Disney is getting out of its own way and firing the people That turned the Disney saga or the Disney the Star Wars saga into such a horrible property after paying four and a half billion Dollars for it and of course the only thing good since the four and a half billion dollars Was something that they're trying to run which was the Mandalorian actually a fairly interesting series that I kind of liked But you know what Disney finally getting to the point where it is at support That's going to be about 135 you got down 136 663 and kind of bounced a little bit, but you do have a fairly nice Gap hire it goes back to November 9th of 2020 that had 35 million shares to tools What am I doing here? That had 35 million shares you got 24 so you are starting to get into the part where maybe You might see some of that Any time you start going to hire the resistance level would be 152 you've got a triple gap Seven that kind of be like Forward if this does end up being 135 is 130 support problematic you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the Tigers Den trading room only at tfnn.com The Tigers Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other Tigers and Tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market you could be making a lot more Check out tfnn and Tiger TV and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and Educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com Or tfnn's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an Outstanding piece of software that will complement any traders methodology using this first of its kind program the art of timing the trade charts allows You to scan thousands of stocks for Fibonacci formation setups including Artleys ABCs Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com We are back. We've got a lot of good emails here. So we're gonna get into that At the bottom of the power trading hour First question out here is from Eddie says do you think good earnings from Apple next Thursday? Can save the NASDAQ well The old saying is that it's a market of stocks not a stock market. There are stocks doing well today That are up believe it or not This is a great time to be looking at them if they can be up There's a reason why and you should be watching the incredibly well are incredibly hard I always think of Sherlock Holmes and the dog that did not bark That solves his case And that's it if if the dogs aren't barking today You know there's something going on of course in that story the Dog did not bark because it knew the folks it barked at anybody. It didn't know so it knew the crime was done By somebody that was known To be in the house before But it is the same thing so the question can Apple save the NASDAQ It just depends right now as I said, I don't think this is anything specific to companies like Microsoft or Apple I think this is a rolling auction by people that were highly leveraged when you come out of it now You now make every sale makes other folks On the edge have to sell and at some point this does burn itself out like a forest fire Eventually everything is consumed for people that were way out on the edge and as Buffett says you can tell who's swimming without any bathing suit when the tide goes out and that's it But generally I'm not a big fan of having any kind of margin And he says if you really think a China Invasion of Taiwan is an imminent possibility Should be out of the market completely if I'm a tech heavy Well, I'm gonna say there's probably a lot of money to be made But the risk is high Now since everybody is so bearish Buying calls out here is probably a way of doing it that limits your risk But I've said that two weeks ago that I would not be long any tech stocks particularly Unless I was long options. I mean the semis that kind of stuff I am long one tech stock now it is Probably going to do better the worst things that get Which would give you an idea that kind of the same thing you can look at gold But you don't have to be invested all the time But if you're gonna be invested in risky markets and you see stocks Like Netflix getting a 20% haircut in a day not giving you an opportunity really to get out The thing to do is be an options. I had a losing option position this week The key to that Is having one that you know if you make 200% on one you can have two Total losers if you do your positioning right and you'll be okay You'll still be back and a lot of times I go for three or four times in the options But this is kind of a market where if you get 200 percent or 250 percent or 300 percent as one I think somebody told me they made 300 percent on the the Gdxj calls this week They even did a little better than me then but if you're in that range you can have a lot of losers and still be a net winner Even being wrong. So I would say that You're probably gonna find calls pretty cheap with no sign of a bottom And that is a way of reducing your risk now because they're cheaper you don't buy 10 times as much option repeat after me and And and this goes for everybody in the den Options are to reduce risk not take more on just because it's three bucks and Three bucks gets you a $200 company the most you can if you do it right position sizing right the most you're gonna lose Maybe is three bucks. That's a 1% and a half. You can take a lot of hits now You're not gonna get as much back But we'll say that occasionally you get 500% winner or 400% winner or 300% winner it gives you a lot of times and not to be a hundred percent a not a Not win every single game of the year And make money even being wrong in a market that is problematic Now do I think that everything's gonna run right back up to the top? No But I think there's some opportunities. We've got more shorts in the market now Than any time in about almost seven years maybe six and a half years That generally ends up in every other bear market that I've ever seen in the ones that came before the ones that I've seen Have incredibly sharp incredibly quick Moves and my guess is the the same folks that decry leverage To the Upside and are shorting everything because of the pe's will be the same people that are probably leveraging themselves to the downside And they'll get warped out. That is the history of people they get greedy and they do stupid things in the stock market As I said, uh, I don't mind margin, but I wouldn't go home margin Uh, so you got to be out by what? Three fifty nine every day If you're gonna do anything or you can go a little deeper with options, but again options are reduced risk not take more on eight seven seven nine two seven six six four eight Uh, but uh, yeah, I mean if they don't invade the people that are gonna make money And have proper risk reward are going to be buying calls Uh against those taiwanese companies if things Change and it's unclear what would But uh, my belief and the belief of many people that I follow that have been right Not just that they have a particular dogma I believe in but a history of being right and counting in Predicting geopolitical events. Uh, generally think that the the whole thing is to get us sucked in uh to uh The ukraine so the china can go do its business and of course uh in the end uh, both russia and china would get what they want Um, so that's it now if you are unwilling to buy calls or don't know how to do it Uh, this is probably not a time to learn but um I would say not Not a not a time to learn But not a time to actively practice it But certainly watching the market at this point would be very edificious If I can dig up yet another word that I don't know if it's truly a word or not Uh, anyway, yeah, uh eddie Okay question of the day. Well, I don't know if of the day, but it would be good. Tim asks Uh, where is a good, uh bid uh good place to look Uh in Shopify uh Shopify at, uh, I mean Uh, you didn't quite get there Yeah The problem is it's a little fuzzy. You've got a couple of lows One at uh 8 39 40 back on september 17 2020. You've got another one back on November 10th But I think a great deal of this was uh pandemic related I think you could easily get back to this gap that's at about 7 80 and there's even one at 600 Uh way over the tips of their skis and this I think you have a little bit of time In this one, we'll be back Call tiger real estate LLC today at 7 27 329 83 22 or email us at tiger at tfnn.com That's 7 27 329 83 22 call us today The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology That shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology This weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear etfs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares Carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv dance tfnn.com and hit watch tiger tv And we're back. Oh, man. I'm hoping I could find it. Oh, I'm terribly Oh Um, hang on just a second someone made a copy a comment about options find a patty spell palooza pal Is it two ls lusa as the palace Uh pa l Oza maybe No, can't find it. Maybe I can find the options in this Oh Okay I can't find it. I'll just do it off the top of my head Uh, one of the books that changed my life in the way. I thought of things was fooled by randomness by nasim to lead And he posited a a thing he worked jimmy rogers and and george soros and uh, he had a comment that uh That uh, jimmy rogers, uh, once had said that he did a study found out that all uh, that 80 of options went, uh, unexercised i.e. out of the money And therefore the thing to do is always, uh, sell options not buy them Uh, and that works in the short term Uh, but nasim has proved over the long term That you can get yourself into some pretty horrible positions being an option seller Not saying that i'm selling options is a A problem, but if they're that horrible Then you want to be an option seller nasim turned that argument on his head Who's a good, uh trader Some guy that makes a little bit going a long time and then takes Makes a little bit on every trade. He has a fairly good batting average And then takes a giant loss like they probably have in the last week or two Or someone who buys options way out of the money And occasionally gets a 50 to one or 101 um return And over a number of years makes billions and billions of dollars on that and again, um, the question is if you want to win a little uh Infrequently, but when you win make massive amounts of money You do that with asymmetrical bets. That is you bet a little again You don't go whole hog in on way out of the money puts and calls But uh, the thing is that over time nasim has shown That he can make billions and billions of dollars Uh, and he makes that money infrequently But it all eventually will come to him as the market has Uh, basically 100 year floods every 10 years Uh, there's a pullback every year in the market at least of about what five percent or so And nobody in a bull market is ever really set up for it There'll be people that are way over on the edge and you're going to find stocks that just give it up My guess is today He's once again raking in billions of dollars on these companies that had massive pees and not a real business As peloton goes, uh, I saw people arguing that it's a buyout candidate And maybe it is but it was never worth what it was The history of exercise equipment is that uh for the first month people use it And then it becomes a glorified hanger for clothes For years to come until it gets sold to something somebody else But it is one of those things that seems almost predictable as the change in seasons Um, and so that's it the question is do you need to make money today? Do you need to always be making or feeling like you're making money? Can you never take a loss? And the question is will you take A bunch of very small losses to one day cash in Uh, but since 1987 when nassim Raked it in big. He's never done anything but look in the rearview mirror People have always told him what to do. There's a great part in his book Uh, where he's sitting in with a bunch of people that he thinks uh, and he actually said he knew All of these guys would be out of the business soon enough And I think it happened in 1992. They were all going way out on a limb And they would drag him into a meetings and he he'd say uh, the market's up 50 points. What are you going to do? Uh, nassim he says i'm going to sell um, i'm going to buy more puts They're mispriced And you know the people quit asking him to the meetings because these guys were nothing but rabid bulls And wanted to hear what he had to say And uh, couldn't get the idea out of its head that there's a big difference Uh, and what he said jimmy rogers didn't understand which is uh, there's a big Difference between the money you get back and the frequency The asymmetric huge wins of venture occasionally in a market opposed to Always trying to be a little bit right to the point that the market comes and clubs you like a Uh, baby seal and he of course his argument is much more toward guys that are hedge fund managers And as I said, uh, probably a month ago Uh that uh, the more that I heard about kathy woods the more it sounded like one of the traders He was talking about in his book But that book came out I think out in 2002 or three And changed my view of options a great deal so that I didn't have to be a winner all the time in him Um, he's a winner every few years But I think you can make it to the point where a user that you're a winner every few months on options Uh, and you as long as you understand that you can't go in and make 10 or 20 or 30 on options They have to be always You have to look at them at at the uh as the homerun ball and why uh, two or 300 in the gold uh eat uh gold, um Options we had this week will offset a miracle. All right, miracle a uh a huge amount of bad trades And uh over time you just have to be able to know that you can strike out at the plate A lot of people can't do it. That's why baseball is such a hard game You go through and you strike out three times in a row You think you're going to strike out the third time? It's a mental game and a lot of people can't ever get past it But if you can strike out four times and then hit our homerun It is a Yeah, something else someone says, uh, let's take a look at doc you and we will d you and uh yeah Airmark A lot of these sayings were at the end of the pandemic. So these things we come back to price Yeah, you ready for that You live by the sword you die by the sword uh on these back Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help You make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor You were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's 877-518-9190 catch Tom O'Brien professional trader and educator founder of tfnn also a special guest on cnbc Tom will bisect and dissect the markets the Tom O'Brien show next on tfnn On a weekly I do not see doji's on a weekly becoming the middle of a move higher very often That is on a daily where the where the Doji's tend to make a Midpoint on the way up. I don't see any reason to sell XOM as I said, do you got the government behind you limiting the amount of energy we produce? Uh and as long as that continues to be the policy Until someone yells uncle and says the gas prices are so high that we're going to get wiped out in the elections Which could happen? Unless they change that policy. I think you have to sit on your hands I don't see anything out here that says that you should sell xon Uh But you know put a stop back in but I think it probably starts heading up next week again Uh, I wanted to go back to this part in the book because I did find it during the break Visibly the statistic that 90 percent of all options position loss money is meaningless I.e the frequency if we don't take an account how much money is made on average during the remaining 10 percent If we make 50 times our bet on average when the options in the money Then I can safely say and make the statement that buying options is another way to go to the plazo Which is a uh like the rich house rather than the poor house Mr. Rogers seems to have gone a very far uh very far in life for someone who does not distinguish probability and expectation Strangely, he was a partner of george soros a complex man who thrived on rare events more on him later Such where uh one such rare event is the stock market crash of 87 Which made me as a trader and allowed me the luxury of becoming involved in all manner of scholarship Nero the smaller house in chapter one Which I said kind of sounds like cathie woods had to get out of harm's way by avoiding exposure And it's mostly a defensive approach. We'll talk more about this next week. So when you can not when you have to We will return like the mccarthur for the philippines on monday