 morning traders or I'm sorry good afternoon traders and let's get started here so this is a webinar with a new trader we've onboarded here Jackson Hunter trading stocks and very interesting strategies here with just two stocks GME and AMC which have made you know tons of headlines for all sorts of reasons over the last I don't know year and a half or so but so you know get your questions in we're going to see what Jackson has to say and then go through the you know questions with him and a little Q&A session he's a musician skateboarder YouTuber he's been writing performing music for over 20 years opened for artists like Big Sean Yellow Wolf a machine gun Kelly the game Griselda and more recently has been covering AMC and GameStop stocks via YouTube true advocate of socioeconomic advancement he wants every individual to have the tools to upgrade their life situation no matter where they're starting from and I have his information here I'll be putting this into the chat for you so you have his YouTube his Twitter and also his discord here if you want to reach out to him on our discord channel or on his discord channel so yeah let's uh let's get started let me start displaying his screen and then we will get rolling here with the Q&A session all right so let's see here here yeah looks good so go for it Jackson thank you so much Bruce I appreciate you guys for having me man I gotta say after that I'm not a trading expert I'm just a guy that believes in advancing your life socioeconomically and the stock market for me has turned out to be the best way to do that and I've tried a lot of ways so I became immersed into the AMC movement specifically in February so 13 months ago and it's been a very gnarly ride I'm from California so I talked like a surfer but I don't surf but it's just been an insane movement I'm sure you guys are aware and a lot of people believe that it's manipulated some people have other beliefs on it I have my own and it's all based on just countless hours of research on the stock and you know I think of AMC and GME as the same stock different ticker they have very similar movements over the past 12 months plus and that's what I cover on my youtube channel you can check it out it's just Jackson Hunter no spaces subscribe to that I do daily updates um I used to live stream more than I do now but it's kind of more just a um a waiting game with these two stocks in mind by the way I'm not a financial advisor this is not financial advice please do not make investments based on what I say um but I really appreciate you guys having me here the book map is super awesome uh you can't see the stuff that you can see on book map on trading view or um a myriad of other platforms for that matter so the very fact that you can zoom in and you can see transactions happening at the millisecond if not nanosecond level it's it keeps up with high frequency trading to a great deal which is in my eyes unprecedented and bear in mind I've only been investing for a year and a half or I've only been trading uh for like 18 months but uh I've just never seen anything like this so I love it and the dots remind me of dipping dots as well so that's always cool um but uh Bruce if you want me to get into TA I can do that or if you guys want to ask me questions I can do whatever you guys want yeah I'm thinking um let's see if there's any questions here to begin with and then um I'm just thinking we're gonna uh you know uh I'll start asking questions and you start to go through uh what you're looking at and um uh you know what you find interesting here um and take the discussion forward for sure uh my my perspective is probably going to be a little unorthodox compared to your traditional investor because my uh price targets are quite high on both these stocks but um you know they it's still the TA still works and until the squeeze happens you know once the squeeze happens the TA is pretty much out of the window until it has established support and resistance levels and um all that sort of stuff but uh and and we can look at molin too um I'm playing options on molin and bbig uh molin had some really interesting price movement today I think it did two bull pennants right after another um but yeah let's open it up for questions man yeah I mean so like when you're um you know like GameStop here is so today it broke below 100 uh and um uh you know kind of you know trickled on down to about 93 and a half or 93 you know 335 as you can see um but um you know what how did you well first off maybe maybe we can just start with the back story which is uh fascinating in itself like how did you come across um looking at these stocks like uh and and this got you um involved into the stock market yeah for sure so I was just trading I I got my introduction to the stock market with options so I just jumped in and I really had no idea what I was doing but I learned a lot I joined a discord speaking of discords um and it was like eight bucks a week and they would give us trade ideas and they taught us a whole lot about options and so that's what I learned um from the jump the options game and uh then let's see so I did that for a few months I lost a couple thousand dollars you know it's called paying your tuition everybody everybody loses money at first and then I transitioned into trading mainly shares I still like options from time to time but it doesn't make up 100 percent of my portfolio like I used to but I transitioned into trading shares um actually like right before I got into AMC so January 2021 last year um and I had call options on AMC when when the stocks were when the securities were pco'd by uh more than a dozen broker dealers so I had I had a small position I had a couple call options I didn't have shares at the time um and then when I heard news of the pco which for anybody that's not uh aware it's position closed only which I wouldn't expect you to be aware of that because it doesn't happen a whole lot and it was like it was like um the first time it to my knowledge that somebody took the buy button away only like only the buy button it wasn't halted completely it was only one side of the trade was taken away and uh I was by no means a professional in the market at all and I had very little understanding of how it worked but even I could tell that I mean dude that's just a slap in the face to the little guy to the retail investor um it's it's blatantly corrupt and I won't say criminal because that's not my role I'm not a judge that's not my that's not what I do but that's up to other people to determine that but as soon as I knew that they took the buy button away I went people are going to be livid about this and people are going to jump into this stock even more than they did and by the way in January um there were only what was the number it was something insane there were only uh like man like 10,000 Robin Hood accounts that held GME in the beginning of January 2021 by the end of the month there were 900,000 accounts just on Robin Hood holding GME and so it 90xed in in less than 30 days so like just a tidal wave of retail investor buying pressure and and then the sec concluded that it wasn't a short squeeze uh they even said it wasn't a gamma squeeze either it was just organic buying pressure which is pretty fascinating if you think about it because it went from about 20 bucks to 500 inch a day on January 28th and so um yeah Bruce I uh I can talk a lot but I'll just keep this one short it was the most blatant form of corruption I'd ever seen in my life and then I started seeing on the news and on Twitter and you know even like big name celebrities they were talking about and they were pissed off and everybody was pissed off except for the rich people and and um there's this there's this mis mis um misinterpretation of you know I'm part of the 8th movement right and there's a lot of mis misinterpretations that were a cult and we hate rich people and like and all these like ridiculous things that are not true and like if anybody sat down with me for like 10 minutes you'd realize I'm just a normal dude trying to get ahead in life and that's that's that's the entire 8th movement it's as simple as that but people people thought it was this and that and it really wasn't that but um you know I saw what happened and I thought hey this looks like a great investment I bought in when it was at five dollars a share I mean I didn't see theaters going away especially the number one theater company in the world um so I saw a super a super advantageous risk to reward profile on this stock better than one I had ever seen in my life and I'd been in some pretty big plays before that like Prague was a pretty no-brainer I hit bbig recently on one of its recent reps you know but the the risk to reward that I saw was well you're losing five bucks a share in case they go bankrupt uh the reward is maybe the mobilize happens and you become um wealthy and you get to do what you want for the rest of your life and you know that's everybody's goal right I um some of the guys listening might want to trade for the rest of their life that's not me I I don't I see trading as a way to acquire money to free up time to do what you actually want or at least what I actually want so um yeah I bought my first shares of AMC the middle of February and then I uploaded a spontaneous technical analysis video on AMC uh February 27th I'll never forget the date my girlfriend was having a drink down the street at a bar I'm sober so I don't drink so I was just home and I was cooking dinner and literally by the time the I was cooking uh fish in the oven by the time the fish had come out of the oven the video was done it was uploaded like I didn't think much of it at all and the next day I woke up with 6 000 views and I doubled my subscriber count and uh before that and like nobody knew who I was on the internet um and then I just made daily updates and my life has been a a movie ever since oh my god that is a Hollywood story you're from LA and it has to deal with a theater stock um uh yeah yeah yeah nice nice combination uh there um so yeah guys if you have any questions uh you know uh get in here and um you know ask away um I have plenty of questions for you I mean we can just do the whole session here um I'm just really uh uh you know curious that that so you you got involved into the stock um you also got uh you know a lot of uh uh support and feedback um from the uh from the videos uh it's just like okay well just let's just do more of that but what what's really curious is now in the bigger picture this has been your kind of foothold uh into looking for this again and again so now you're starting to now now you're not looking at two stocks um now you're looking at other stocks and you're looking for similar patterns yeah yep yeah that's that's fantastic I mean so what is it exactly that you start to kind of look for um in general like these other two stocks that you're you're talking about yeah that's a phenomenal question so I don't hold shares in any other stocks than AMC and GME but I do play options on other plays and I was telling my girl the other night like like all I play is short squeeze plays and um and it's because like I'm not trying to day trade and like be on my phone all day and you know I do other stuff and I'm like um you know I write a lot and like this is just not it's not a stock trading is not a passion of mine it's fun and you know it's it's a good thing it's fun to learn and I've learned so much it's insane but um there's there's other things I'd rather do is my time and so I'd rather bank on the short squeezes um and just get out of the market and move on with my life so what do I look for so um recently I just mentioned I played prog and that was a big squeeze made like made a very good percentage gains on the cobs and on those and then uh recently I'm in mullen automotive which is an electric car company uh very um I wouldn't say they're new but they're new as in I don't think they've made a single sale uh so kind of how tesla was a few years back or maybe a decade back whatever it was um and then I'm in bbig which is vinco ventures which is kind of like india's version of tiktok and uh they're waiting for a an interesting situation with that that I don't really need to go over that like the the cryptide dividend it's a interesting thing going on so what do I look for um it's funny there's another guy in the amc community that has like a mathematical um formula to look for short squeeze plays and if it checks all the marks all the boxes then there's a high potential for a short squeeze um and I I don't remember it off the top of my head but a lot of it has to do like for me I will look at sentiment online so I'm very into psychology and it's it's trend-based trading and when I say that I'm not talking about uptrends and downtrends I'm talking about trends on the internet like that's that's where we are evolving to um amc and g and me were arguably the first ones after roaring kitty uh Keith gill talked about it on his youtube channel it it created this stampede of retail buying pressure and and and so that was a buy off of an internet trend and you know we all know that once something gets trending it can go viral very quickly and the whole world can know about it and so honestly the the main thing I look for is social sentiment via online mediums like uh twitter and um and instagram and uh reddit as well and um you can like you can almost get a you can like feel it when when people are about to go heavy into a stock you know um and then there's also that adage where it's like add when sad and and sell when everybody's super happy and exuberant and celebrating so you gotta be careful of that as well because people can get too excited and they think there's more room for it to run and then it just crumbles from there uh but yeah I look for sentiment online that's a huge thing uh but like technically speaking and and I have learned a lot about the stock market which is might surprise some people as well I've like I've gone down too many rabbit holes and I really wanted to but uh so short exempt volume is like a gigantic one uh and the short exempt volume on molin was insane recently uh and then last so what day is today today's friday every day feels the same for the last 13 months so uh last monday molin's transactional volume was over 600 million on the day now there's only 35 million shares outstanding so it it traded the total shares 17 times over in one day and if there's somebody in this room that can help me understand that a little bit better because honestly I can't explain that happening without the existence of synthetic shares and then the very next day it did over 500 million so that that was over 14 times the shares outstanding for the whole company were traded one day and then every day since then it's traded the shares outstanding multiple times so um which proportionately to amc's bump I like to call it in january 2021 I think they did 1.25 billion volume in one day which that was multiple times the shares outstanding as well but it wasn't 17 times so um I look at that as a sign that there's probably something there's probably naked shorts I mean I'll just say it and they're like this is something that if you've been in the stock market long enough you know that naked short selling goes on you also know that people just tend to look the other way and fines are a slap in the wrist and they're a cost of doing business that's just that's just how it works and so you also well I also look at failures to deliver um so I look at failures to deliver I look at short exempt volume I look at short volume as well you know just short percentage of the flow if it's it was stupidly high like 25 30 40 percent well there's a chance for that to be squeezed especially if there's high retail sentiment on it you know like I just I see it as two things for a short squeeze you just need and then you can have a gamma squeeze too if people play options but uh I look for a a heavily shorted stock and then b a a um what should I call it a group of a large a number of investors online that want to go long on the stock and when you have that combination it's a it's a perfect storm for for the stock to go to um unprecedented levels and and to hit blue skies which is past the highest resistance level so yeah I look for FTDs I look for short exempt I look for short volume I look for overall transactional volume but most importantly I look for sentiment online and uh it's pretty wonderful the technology we have like um I don't know how long fin twit is what they call it financial twitter has been around for but uh you know before that you kind of you had to do a lot of more guesswork now you can go on twitter and you can just search dollar symbol mullen and you can see what people are saying about it and you know you can look at the the top ranked post so we have so many tools under our belt it's um it's pretty cool um so that's my answer for that wow um so so do you do you have some sort of um daily routine uh you wake up and you start kind of just checking the internet and uh going to twitter uh and reddit and some of these other areas that you had mentioned and just starting to just kind of understand like okay what are people looking at what are they talking about um and then look at the reaction uh to that interesting oh yeah and then I mean we could talk about this forever but like also what I've been noticing really is uh and there's a lot of negative sentiment as well it's like it's like it happens so many times when everybody's talking down about a stock and quote unquote bashing it whatever you know whatever that means it's usually right before a run up so like you know there's always people in the world they like to be negative about things and so when they see somebody cheering on a stock like amc or gme or mullen whatever it is tesla i don't care apple uh you're that's also going to be met with the the naysayers or the bears or whatever and um and so that's also a good way to look at it too it's not always looking at positive social sentiment it's also looking at the people that are going oh you guys are a bunch of clowns that stock's not going to hit it they were saying that yesterday about mullen today it's up like 30 percent so it's it's more just like um it's more just like the number of mentions on social media total good or bad and uh when you get enough eyes on something it brings money into it and if you have enough buying pressure that's specifically routed to a lit exchange and not a off exchange well then you can get some some pretty good price action uh but yeah i uh for for my routine you know what um dude i don't even wake up at the bell anymore because i'm i'm these are swing plays right so i i have a lot i've alert set on my phone and uh i don't wake up at 6 a.m i used to do like bell to bell but um no i have alerts set on my phone and if it goes off then i'll wake up and i'll pay attention but these are for me these are weeks to months long holds um so there's no reason to be watching the minute by minute candle that just you know i'm not i'm not day trading a lot of these things so uh yeah my routine is uh if i wake up i'll check my my td ameritrade account thinkorswim and maybe take a glance at what's going on but i really just rely on the alerts and then twitter i go on twitter um i've been going less on it recently it's it's a it can be a terribly toxic place but uh i i'll go on that and i'll sweep and see what people are saying and i go on reddit as well every night and um i mean i don't do this anymore but like all of last year i i would spend eight to ten hours on on twitter and reddit per day just researching like what's going on and then also learning about the stock market too um i i did so much learning i mean it's like insane i my college degree is in music but i feel like i deserve a bachelor's at least in stock market uh corruption when this thing is all done but um yeah man i i just wake up and if the alerts hit they hit if they don't then i just keep it moving and uh i know not to play near-term options so there's no reason to be looking at the um short-term game huh um so so it sounds like like there's some sort of threshold that you're looking for um from social media and then you're gonna you're gonna dive in and kind of look at the pressure um uh you know that you can kind of feel get a feel for um from social media um and then what i'm curious though is like you mentioned something uh interesting that is just you're looking for just news on anything when do you know like what to do with it like are you gonna short it are you gonna go long with it or you know and how long do you want to how do you determine how long do you want to hold it yeah for sure i um i feel more comfortable going long i've actually never shorted a stock i've played puts but i've never actually shorted a stock uh so i go long and i go long so just for example um man molin was trading at $15 last november so it went from $15 to it hit a low of about 54 cents two weeks ago so i mean nearly went bankrupt like that's just an insane decrease percentage wise and uh but then the volume just came out of nowhere and so i saw that the price was basically bottomed out and then this volume came in out of nowhere and i'm so that's what what tripped the alarm on that one i'm like what's going on here why is there so much volume if if it was just shorted the hell for the past four or five months where where's this volume coming from and why is it coming in and then you look at it and you go whoa the FTDs are off the Richter and then you look at the short exempt volume and they're like the short exempt volume uh i could be a little bit off on this but for one of the days the short exempt volume was more than the shares outstanding for one of the days so honestly i don't again i'll admit ignorance all the time when i don't know something i don't know something and so um but to me when the short exempt volume is more than the shares outstanding there's something going on there and uh it's short exempt for a reason because somebody or some entity doesn't want that stock to fly so even when it's on the SSR the short sale rule um they're just bypassing that with short exempts and you can seems like you can qualify anything as a short exempt so yeah that like that is what drew me to molan recently it hit 54 cents but then all of a sudden this volume that wasn't even comparable to anything the stock had ever seen came in and then that led me down to okay what are the FTDs and um and usually when there's a lot of FTDs there's a lot of shorting going on and when there's a lot of shorting going on some people especially recently you know i think it's become like more of like a thing to do recently is to find these short squeezes you know um there's tons of people there's a whole subreddit called short squeeze and on on reddit and so uh people look for opportunities and when the FTDs don't line up and when the numbers don't line up well uh that's when i'll go along and you know it's like it's like investing in anything it's like taking a risk on anything i i don't know if i'm gonna be if i'm gonna make a killing on a play i don't know if i'm gonna lose my entire investment but that's why i don't um do near-term options um i buy them at least a month two three months out um yeah okay do you do you go out to leaps do you go out to maybe a year or or more or i mean i guess those get just as expensive as the as the underline um basically yeah you know what if i had more capital i probably would go out further i probably would do a leap like 2023 but um no i for like molin and bbig um you know i've got a couple uh that are expiring next month but i've had them for a few weeks now and then if if it doesn't hit when i think it will i'll just roll it out until it does and that's how i'm playing it and i mean i like it with this kind of volatility i mean this is insane um yeah uh i mean like uh you know we have a j trader a stocks trader who who does a wednesday uh webinars uh for us uh and you know he's been saying some of the same things of like yeah the float on this is 50 million shares but it just traded like 300 million um this morning or you know something like this and uh uh you know it's just i mean we've never seen this before um and it's insane uh uh and you know so you know basically you start to see this kind of activity um you're you're starting to evaluate it and then but how do you know like when to enter and and how long to hold um i enter right when i see something unusual like like like the stock was traded 17 times over in one day that's when i enter so like uh you know my buddy unusual wales on twitter i'm sure some people are familiar with him he provides data analytics uh you know when something looks super unusual that's when i enter and uh how long do i hold well you know uh that could be based on a technical level that could be based on a percentage profit that i would like to make um that could be based on uh volume as well uh volume is a key indicator but it's also um you have to look at many things right as we all know you have to have confluence you have to have many points so um just because it traded at 600 million volume last monday that that doesn't mean that they closed all their shorts by any means so you got to keep looking at the ftds and the short exempt volume and the short volume and uh and then look at the institutional filings with the sec and see what's going on with that and uh see which institutions are going long which ones are going short um and so it's pretty interesting because you know i'm a retail investor obviously but you're also starting to see institutions go long with these squeeze plays so it's really interesting to me it's the first time that big money has ever followed dumb money as they call it retail investors so um you know it's it's a it's a really interesting time in the stock market um and uh i just you know i pick uh i the time that i go in is when i think something is super fishy and if i'm wrong i'm wrong and if i'm not then i make a good amount of money and that's all it is wow wow um yeah yeah i mean this is just like kind of from a foreign planet um uh you know to to to hear uh but it it's so it makes so much sense though um that uh you know you you talk about a momentum play but it's momentum like you said of of uh of the internet and what's going on over there and like what is reading the sentiment and feel uh from the from the internet uh and then uh looking upon like okay well how can i benefit from that and uh i mean i mean imagine this could work for you know um you know anything uh you're going to probably get the the quickest and easiest bang for the buck right here in the stock market like you're saying um but uh uh yeah this is um have you ever kind of looked into any others type of plays like beyond stocks or or options outside of the stock market yeah i'm just kind of curious yeah like maybe real estate or like maybe maybe like the whole move in in commodities now and and uh i mean i guess you can you can always go with the ETFs of course and and and find some sort of way in the stock market to trade that but um um yeah um i'm just kind of curious like what i maybe you can even kind of show us a little bit like uh you know like well i visit here i'm looking at this here i'm filtering for that there and in twitter um i mean i you know this is your proprietary method but uh uh it's just so interesting um so uh yeah um yeah it it's yeah uh we're all like doing these incredible volume studies and and looking at this or that but here like uh you just uh have a very different kind of outlook and bigger picture approach um oh for sure yeah and that's why i said like i'm sure you guys will consider this on orthodox and um you know i some people might say it's risky but uh my ROI last year would say otherwise like that's the funny thing so many people said the apes were losing money like you guys are going to lose all your money but my ROI was i mean it would put pretty much every hedge fund in the world to shame and and a lot of my peers did the same thing and uh you know i started with very little capital so it didn't put me it didn't advance me that much socioeconomically but i mean if people want to compare ROI is a lot of the apes whatever you want to call them we're just retail investors did extremely well especially if you played call options i mean amc went from eight dollars to seventy seven dollars in the june run up and you know i had for example i had june 18th 40 dollar calls and so just for an example i turned uh three hundred and ninety dollars into fifteen thousand and like i don't know a week and i just i bought 10 contracts at 39 bucks a piece and then i sold them for roughly what a used car goes for each in la so um if you played options uh sure the stock was not as high as it was in june as you know at the end of the year uh but if you played it smart you could you did a lot of apes made a killing i mean uh so many man we could talk forever and i would love to but so many so many of my viewers messaged me and i insane like thanks jackson i just became a millionaire i mean i got that at least over 10 times last year and and it it wasn't it wasn't me doing anything i just report like i don't do anything special i'm just i'm like i literally say i'm an idiot dude like i don't really know what i'm doing a lot of times but uh my point is that a lot of apes made a life changing money um a lot are still holding as well and um as far as like do i use this um in other areas of investments or do i invest other areas i don't have enough money to buy real estate at the moment i live in LA so the cheapest house here is 700 grand i so i don't have enough money for that i still live in an apartment um and but i let's see let's see where i mean i've traded so i've traded crypto um i used to trade litecoin frequently uh like every weekend and then um oh man other than that i've really just been holding amc and g and me and and then i play options on squeeze plays other squeeze plays on the side um i can pull up twitter if you want me to show you like kind of what i look for yeah i mean they would be fascinating um to be honest uh i i'd love it um so yeah and and you know um yeah people like get get your question traders get your questions in uh uh here for uh for jackson um and there we go uh it's really it's like it's not rocket science my dad's a rocket scientist literally but this is not rocket science so just the first thing that i see right here uh you guys can see that right yeah yeah so just the first thing i see right here trending amc short squeeze um and then obviously rushing in ukraine which is sad as hell but that's life so and amc has been trending i mean i'm not making this up i'm not a hyperbolic person i i'm very like straight up and literal who amc's been trending since last january like for 13 months so i'll just go over here and let's just see what people are saying about molin because molin was up over 25 percent today and so this is a buddy of mine he's an ape um very good trader himself and you know another couple k into this help get that push to one dollar and so that that was kind of the price level that a lot of people wanted to get to um today so you don't even it's insane you don't even need to like pay for these discords or like anything like that people chart it for you and you just you can look at it and not everybody is not everybody is somebody you want to follow right but uh as you can see this gentleman obviously drew an appropriate downtrend it touched once twice three times four times five times and then the breakout the breakout right there uh that looks like it's on the probably 15 or five minute um so molin confirmed you just look at and then this is you know business fundamentals here's what the cars look like has the best EVs hands down and obviously this is all opinion and it's speculation but what's not opinion and speculation in the stock market this is also a good friend of mine i've actually met her in person lovely lady uh ape and um so these are the top posts about molin uh to the newcomers yes molin is real here's proof contrary to what fud bears have been spreading to you um and then just stuff like this like memes hold the line and and you just look like how many likes it's getting and it's like oh there's a ton of freaking people that are just holding that thing um and then like let's see what they're saying about bbi g well actually uh right i got a bbi g let me see those are just the top posts but you can sort it by the most recent and uh like right now i think it's making a bit of an after hours move so you know you can look at molin target i i don't look at price targets i think if you're looking at a price target it just means you haven't researched the stock enough uh that's one of the things i've learned so you can sort it by latest you know 33 seconds ago 38 seconds one minute uh one minute one minute two minutes so there's a lot of posts about it this guy says molin going stupid rocket emoji uh did you not watch the movie the big short so this guy's bullish on it you can you can just read bullish or bearish sentiment and um and then you make your own decision at the end of the day obviously uh but what do you i mean you so this is it just in general like this but are you looking about how many people like it how many people are following these people um yeah yeah sure yeah so like johnny love i know he's uh he's a influencer or whatever word you want to call it and he's a youtuber as well so uh let's go to one that like it's pretty funny could after a while you learn to weed out the ones that are not um as meaningful or ones that you can take with a huge grand assault because twitter loves hype right they love oh it's going to the moon and i try and stay as far as way possible with that i i don't like to hype anything um so it you know if if it's just like molin and then a rocket emoji and it's got a thousand likes well those likes don't really mean anything those are just people that are hoping and that it goes higher but when you have like a well written out or like this is probably perfect so he's got the exponential moving averages and he's got support resistance and uh let's see yeah he's looking at vwap so this guy probably might know what he's talking about and then you use your own judgment at the end of the day and this guy right here he's got facts you know empirical backing for conviction maybe he's talking about warrant conversion which is a big thing um so you you learn pretty quickly what to look at and what not uh let's see but but the ones with the most likes the reason why you can't just go off of likes and it's probably pretty obvious but people love hype and and and so those ones get the most likes so um but yeah i'll just scan this and i take it with a grand assault all of it but uh it is good to look at and then do the same for bbig and i think bbig was red you know this guy thinks it's comical that the shorts are trying so hard i can already read that off the bat um and then you know you got all sorts of data analytics providers like uh and they provide options uh the data right there 119 percent out the money and then molan is number two 101 percent out the money um you got support and resistance like if you don't know how to you can learn so much it's like the internet is just invaluable man if you pay attention to the right people you don't need to go to college for any of this stuff i mean um you you can just learn so much so like go big or go home like obviously that's just hype that's just sentiment it's positive sentiment so it's something to keep in mind but uh but i like to look at more like data for sure um and then options uh let's see so but how did you come up with bbig to just to begin with i find bbig um and i'm so sleep deprived right now i can't even remember uh i found it probably two months ago so that would have been january um it had to have been reddit it was it was probably reddit so there's a subreddit called short squeeze r slash short squeeze and uh everybody was talking about it and so i when everybody's talking about something i start paying attention and if you're early enough you can make money but a lot of times people are late um so i i think i just randomly came across it on reddit and then i looked at the options chain which i'm doing right now uh and there's just a crazy amount of options activity so uh this is this is um this is the well april 14th so let's look at march 18th which is obviously the third friday of the month which is obviously has the most open interest uh typically um so you got calls for two dollar strike price all this is in the money anything under uh so this expires next week uh but you can see a ton of contracts four thousand eight thousand thirteen thousand five thousand eighteen thousand twelve thousand sixteen thousand so you know a lot of people want to go want it to go towards five dollars these contracts are worth a buck each right now super cheap uh so these are pretty much lottoes but you know if it can gamma ramp uh there's no telling how high this thing can go and then these are the super hopeful people right here maybe they bought a year ago you know you never know when they bought from just this alone but if you go to april 14th uh the volume is out of this world so this is next month's op-ex for the third friday um you only have a little over eight thousand contracts in the money but right above that there's ten thousand then twenty two thousand sixteen thousand thirty six thousand sixty two thousand you know sixty two thousand uh times ten so that that's representative of six point two million shares that the market makers they either have to delta hedge for or uh buy into two days after they land and expire in the money and then obviously there's ways to get around that as well and it puts it on the threshold securities list but that's a whole other topic but so just just wild volume and then if you look at the strike prices start going well why did it go from the highest strike was ten dollars in march uh march eighteenth to the highest strike is now twenty four dollars for april 14th so you look at that as well and you know obviously that's some of that is market makers trying to sucker people into the deep out of the money calls so they can just take that easy premium but at the same time if i mean this is a lot of contracts that could really push a gamma squeeze because you don't want to be a market maker or an options writer in in chicago that's writing these especially you don't want to write them naked and then all of a sudden they're in the money and that's exactly what happened with gamestop and amc and all the meme stocks in january of last year they admittedly they wrote all these naked calls and that's not like like you know that's not an intrinsically bad thing to do it happens all the time on many tickers but the thing is the entire options chain for gme was blue it was all in the money so at that point they they didn't have to halt trading they actually could have continued the legal documents show that but they claim that they had to halt trading because of liquidity issues that they didn't have enough money but um you know that's why that's why gme got the attention it did because all of a sudden it was something like this and then every single strike price was in the money enabling the owners of those contracts to exercise and if they were to exercise oh my gosh thomas peter fee he's the 65th uh 66th sorry 65th is jim simons of ren technology a hedge fund thomas peter fee the chairman of interactive brokers said it was literally a day or two after he's the 66th richest person in the world billet multi-billionaire he said if if the apes i'm paraphrasing if the apes would have called back their shares and what he was talking about was exercising the shares that they had call options on if they would have done that gme could have gone to infinity practically now that was not a paraphrase that's exactly what he said word for word and it's true there is there is no cap to a short squeeze especially when every strike price is in the money so uh you know when a guy like that he runs a broker dealer as popular as interactive brokers when a guy like that says that i mean but everybody else was saying the opposite you know it's it's uh he i think he was at a point where he had nothing to lose he's made a killing you know he's made a ton of money and he he didn't see any reason to be deceitful about it and he just said he just called it for what it was and what it was was that the little guy won but the big guy didn't want to admit it uh so i'm i'm kind of going back to the amc and gme genesis but i'm happy to answer any questions uh if you want me to look at anything yeah yeah i mean that but that's that's the um the the fascinating part um that uh uh also kind of spurred your interest uh too like uh you know you're saying like this is just outright fraud um and uh you know uh and and just corrupt as can be and and and yet like the little guy they they had them i mean down like for the count not on the ropes they were down for the count um and still they they got out you know it was just it was just bad bad blood um uh to to allow for that um i have people are really upset about that um so um yeah that's uh uh yeah stirs a lot of emotions and gets people very very interested also in and now this has become a thing what you're doing uh with this kind of strategy and now you can you're extrapolating that too um other stocks looking for this uh in in other this is a very successful strategy and uh now you're you know able to use it for many many different uh stocks yeah definitely so just like this this is one of my favorite websites stocks aro dot python anywhere it's free it's got everything you need one stop shop so this is bbig the failures to deliver uh now you can go on the scc's website and download them uh two weeks by two weeks or you can just come here and they show you all of them so the ones that are in red are just extraordinary values compared to the other ones uh now if you like it's just this is bbig so and they they chart it out so the yellow is ftd's and then the price is blue so you can see on uh january 20th i mean look at this string of ftd's right here this is uh more than two weeks of trading where you never had ftd's less than a million on the day so ftd for anybody that's not aware i'm sure a lot of you guys are i'm sure a lot of you guys are way more knowledgeable than me i'm just going to say that right now so an ftd is just when the broker dealer did not locate the share but they sold it anyway and so you're holding an iou you're holding the counterfeit book entry that's all it is there's not an actual share there it has the monetary equivalent of a quote-unquote legitimate share but nobody located the shares there was no locate with it and so for instance on january 20th for bbig 8.2 million shares were sold without even being located so they were just like oh yeah sure here's the shares but they never located them which is what you're supposed to do and so that's to the tune of 37 million dollars worth of shares and they were only at you know 450 at the time four dollars and 50 cents so this string of ftd's uh when i see something like that and i uh that that sets off the alarm and it's like okay in a couple weeks or a couple months you could see some very big green price action because ftd's theoretically have to be delivered at some point and then it even has the t plus 35 date over here on the right hand side uh but they the actors in this market have ways to circumvent that as well so it's a really it's it's a squirrely the squirrely thing you know and uh what i'm doing is not foolproof by any means but numbers don't lie you know when you have 8.2 million ftd's and then i'm not sure the flow off the top of my head but it's it's less than amc that's for sure so uh yeah i mean you see a string of ftd's like that it's just like dude like why are there so many like why could they not locate the shares you just gotta ask yourself why and it's you know sometimes and i learned a lot of this from patrick burn the former ceo of uh overstock sometimes ftd's are the result of just an honest mistake an honest error but other times their their evidence of straight up negligent behavior on the behalf of a broker dealer or another actor within the stock market and when you have this many well if it walks like a duck you know the rest so uh like my my like my philosophy my trading philosophy is super simple i'm not um um you know if you look at one of my charts i uh i uh i keep things really naked i don't even use them any indicators i i really just do support resistance uh volume mac d rsi cci and that's pretty much it um but yeah bruce is there anything else you want to talk about or ask questions um yeah i mean just uh you know this going i'm i'm fascinated by this um and you can call me an idiotic ape man i've i've heard it before no worries it's it's unbelievable but like uh you know i don't know if anyone has read some of these um they're old very old books um uh something about following the herd or i forget i mean i have it um it's a very short book but uh you know talking about the tulip bulbs uh and um uh in netherlands and you know these huge um uh you know bubble markets uh and this here and and looking at these ftd's that you're talking about like something's going on here um this is not right uh and uh yeah i didn't mean to cut you off i no no no i mean i i made my point and like here you're you know like there was there was someone in um uh the author of i forget the name of the book but maybe someone could help out um if they remember but uh the um you know it went through some scenarios of some people just like you know some smart investors along the way like um would you know buy a couple of bulbs sell them off and they're done like it they made a huge profit they were able to buy a house that are set for life um uh by doing something like that um by just recognizing the opportunity um seeing some of the things that are happening um and here you're you're basically doing it digitally on the internet yeah yeah i all i know about the tulip thing is they squoze to squeeze to ridiculous numbers uh that's all i know about that but that i just pulled up apple to compare it so you know if you look at apples ftd's which apple has a has a i believe a float or shares outstanding i think it's similar 16 billion right and total shares so the ftd's on apple are virtually you know next to nothing on one day there were 100 total ftd's out of 16 billion shares and then if you go to vig i mean you just got to compare it in percentages one day it had eight million bbig doesn't have 16 billion shares so so like percentage wise it's it's incomparable i mean so i i did uh i'm i'm working on a write up actually a well it's more than a write up but uh i i did a comparison on just like you know normal blue chip stocks whatever you want to call it microsoft apple and tesla and i compared the ftd's and last year and it it wasn't even you couldn't even compare it to amc and gme so last year amc had a total and i know man the internet's so funny uh you say one thing and they misconstrue it for seven different things but i know ftd's are not added up day over day but you can still add them up and that shows you an idea of the relentless relentlessness of these ftd's and so i compared apple microsoft tesla to amc and gme amc and gme um their total number of ftd's if you added them up for last year represented um 40 and 39 percent of their shares outstanding respectively if you did it for microsoft or tesla um i think microsoft it represented 0.3 percent or 0.03 percent apple is in the same range about it might have been one percent tesla was like 1.6 and then you have amc which did 200 million ftd's in 2021 uh that's that's uh 40 percent of the shares outstanding um so what's going on there you know and then that that propels you to just research until kingdom come until you find your answer and then you find an answer and then you keep researching you're like oh wait that's not the answer and then they have this loop hole and oh that's why they're and so it's a seemingly never-ending process which i i never intended to go down i thought it was going to be you know two or three months playing i'd be out but it became my life and uh you know it is what it is yeah yeah no it's uh it's really really fascinating stuff and it's a phenomena um uh happening uh and you uh you jumped on the train here um spot is asking a question here about ftd's as predictive of price move up where do they come after a price move oh good question typically i see ftd's uh preceding green price action so it just uh just to reiterate an ftd is the the the broker dealer sold shares that they did not verify actually existed um and so typically you'll see big price movement i don't know it could be any time obviously i'm not a fortune teller but it could be a couple weeks or a couple months after a large grouping of ftd's but i mean this kind of shows it uh pretty well actually on this chart so uh june 2nd is when amc hits seventy seven dollars intraday and then it closed around uh 62 dollars so the ftd's are the yellow um so these actually spiked at the same time which that can make sense as well because um because as the price is going so high uh and people are buying and buying and buying well eventually you run out of shares so but the brokers don't care because the brokers make money off of every transaction through payment for order flow they make hundreds of millions per quarter each broker dealer so they just want the transactional volume to come in they don't care and so um but you can see for months preceding that june movement look at the ftd's which is the yellow very high ftd's in april uh and early may and so you do a t plus 35 from these that probably helped this june 2nd run up um and then this one's a bit of an outlier because this uh string of dates june 18th to uh july 2nd because there's high ftd's but then you don't see i mean you you had some upwards movement from uh 30 bucks to like 50 uh but it wasn't anything like this so um yeah sorry if i'm going on too long man uh no no worries no worries at all um and please continue on i mean this is uh uh just fascinating uh stuff i mean it makes these like i mean which which brokerage is this um you know and they're on the hook for these things uh i mean this is like a bucket shop you know back to the bucket shop days uh you know uh back in the you know late 1800s or so um i don't know how they're getting away with this yeah i i think it i think it's conflict of interest i think that's probably the number one reason uh but you know it's there it's complete opacity in the in the stock market they don't want you to see what's going on um but i i do want to say that what i'm doing what tray what um all the other you know amc youtubers or all the apes are doing on the internet we're not exposing act new activity the only thing that happened is we exposed it on a greater platform than it's ever been seen on that's the only reason and and that's why it closed the cause excuse me a global movement so but but this type of stuff has been going on forever if you read flash boys by michael luis which was i don't know 2014 and then he wrote the big short which was uh about um the 2008 housing uh market and then uh if you go to dr susan trimbath phd she wrote naked short and greedy that's been out and so this stuff has been out it's just that i mean man bruce if i were to summarize this thing in one sentence it would be the internet remains undefeated that's all it is it's just the internet got a hold of this and it spread like a wildfire but i just want to say again we're not exposing anything new these you know off exchange trading has been happening forever ftd's have been happening forever maybe not as abusive as they are but um and then naked short selling that's been happening forever you can look at all the times that um institutions were fined for it but it was you know they get fined a quarter of a percent of the profit that they made in the year so it doesn't even it's like it's like taking 10 bucks from a guy like me like i probably won't really notice it you know you spend that on a burger or like you know a soda at their at amc theaters or something so we we didn't expose anything new we just exposed it on a greater level yeah yeah no it already existed um so um yeah yeah and you're not only that you're researching it looking for it so oh my gosh we we've done so much research way more than i ever wanted to like being up on the phone until five in the morning with guys that i just met on the internet and and uh you know i didn't even know what payment for order flow was until probably april of last year and then i started realizing oh that's not good for us they say it's good for us but it's not and then you can look up in 2004 citadel wrote a letter to uh i don't know if they're writing the government or who but it was a anti pfo f letter but then now they're the ones that benefit of greatly from it so it's just it's it's pretty funny man it's uh it's so it's it's so interesting um what's going on and uh the fact that now that we have eyes on it um it's just uh it can put the the edge in the little guy's favor which i don't think has ever happened before um and so it's a brilliant thing um and and a lot of people are excited about you know regulations going forward and uh maybe our kids can be able to invest fairly but i mean for me i'm in and once this play is done i'm out forever uh it's just i've seen too much man it it can get pretty depressing when you realize why the lower class has been the lower class and you know there's obvious it's obviously a more convoluted situation than just that statement but um there there's reasons why there's such a huge wealth inequality gap in the united states and the stock market is one of those reasons um well you know i i want to respect your time i and and and thank you very much jackson um this is enlightening um i mean i've never seen i've never seen anything like it um i i can only like you know reach back to things like uh you know uh tulip bulbs and and uh well you know the stock market back in the that kind of uh you know stock options with the tech market back in the in 2000 but like uh uh there's some things but this is way worse i mean like this is crazy stuff um uh and um uh we're getting questions coming in now um i don't know if you want to answer that or you know you can answer them offline uh if you like uh this is um you know like i said i want to respect your time uh if you're have maybe one or two more questions than uh you tell me yeah let's do uh two more questions okay all right so that that'll uh work out well here um so let's see uh if we get to the point not just the point where basically all investment strategy is hoping that the sec will hold hedge funds accountable and tank capitalism um well i guess it's more of a comment than it is a question chris is asking though i understand how it works with amc example but why does it happen i mean a lot of buyers got f td's that's why the market makers need to hedge their position or why does the bullish move happen okay so uh yeah that's a that's a difficult one to answer because of the opacity in the stock market so for example uh the june second run up from it went from about eight dollars to seventy seven dollars would nearly a one thousand percent move in a couple of weeks so why did that happen um no it's it's very difficult to tell you that because for for some reason out of nowhere volume again speaking of uh great volume it just started coming in and it towards late may in the first two days of june you just saw extreme volume and obviously that's not retail just all of a sudden piling in there there's no way even if they tried to coordinate something like that it's it's not like it's not a plausible thing to coordinate that much volume um so that's definitely not the case it's not retail piling out in all at once well then if it's not retail who is it uh institutions i mean those are the only two main groups that i can think of in the stock market you have retail and you have institutions then obviously you have insider buying but that that was not the case they don't have that much money so who has the type of money to create that volume and to create that price movement uh institutions so you know i don't know i don't know um i don't know what causes the great price movements all i know is that um in my eyes they are likely to happen when you see the um the measurements of ftd's in short exempt in short volume in volume in general off the ricketer you're likely to see great price movement but uh it's a phenomenal question and it's something that you know millions of us apes have been trying to figure out like okay why on this date you know we know we know why it happened in gen this doesn't show january but we know why the january 28th move happened we we know why that was just that was retail that was just straight up retail buying pressure and the stocks were heavily shorted um and so you got all these call options into money and some people probably exercise them so that just pushes it up more uh so that was a retail surge uh january 2021 but like the june movement of amc and then gme has had similar movements up to 350 uh i can't i can't give you an answer i i wish i knew um i have a feeling it has something to do with the algorithmic trading from high frequency uh trading systems because it's not retail all the sudden just like just for an example of mathematically or like numbers wise whatever uh i'm not i'm not like smart with math but amc typically averages like 35 to 40 million daily volume uh so june second i mean the volume was much much much much higher than that so retail doesn't have that type of money we we just don't we don't we make up about 30 of the market uh i think um not money wise but like individual wise but we don't have that type of money to create like 500 million transactional volume for a stock that normally does less than 10 of that so i don't know i don't know yeah yeah yeah it's a it's a really odd you know phenomena um uh so um yeah i i mean one more question here like uh spot is asking so what happens after 35 days on ftd's great question what is supposed to happen are so for example this is uh amc on february 14th valentine's day there were 531 thousand ftd's and then the t plus 35 so that's 35 calendar days from when the ftd's uh happened um you're supposed to see these 531 thousand shares bought back into the stock on march 21st that's it's just supposed to be delivered because it was never delivered in the first place you he were delivered something it's an iou there's this uh you know semi i don't know for lack of a better term semi famous quote from patrick burn this the the chairman of overstock uh uh and he's speaking to these guys in a presentation and he goes and it's a room of investors and he goes hold stocks in companies and almost all of them raise their hand and he goes actually that's incorrect and then he goes on to explain like in this in-depth uh presentation how you actually just hold a representation of a share you know you hold a you hold a iou of a share many times so uh it's just man we could go off on so many tangents and um have an awesome conversation and maybe we'll do it again sometime but yeah what's supposed to happen is these 531 thousand shares are supposed to be bought into amc by march 21st a lot of times it doesn't happen though so that's the accountability uh element on it um supposedly supposedly um yeah yeah well you know thank you very much hunter i mean this is really eye-opening and uh i've never really come across or seen anything quite like it to be honest um so um yeah really really interesting stuff uh and uh uh yeah we'll have the uh recording up uh and uh you know people can ask questions in here uh and uh yeah we'll uh you know uh we'll do it again sometime uh and take a look more i think maybe at some uh directional moves also in book map uh and the uh you know when you can start to see some of that volume really come in uh also uh in uh in the daily you know in the daily chart and book map um uh and uh you know really start to understand some of it um so uh maybe that we can cover a little bit of strategy on that um but uh yeah other than that uh you know uh since you're a youtuber and we're starting to do a lot more on youtube i gotta say like uh uh you know if you like the but if you like the webinar please click like and uh subscribe to our channel yeah subscribe to book map they are awesome don't mind subscribing to me i'm just some rambling idiot uh but uh subscribe to book map for sure man bruce i appreciate you i appreciate everybody that's in here um i love you guys hopefully you have a beautiful weekend and hopefully we'll do this again soon yeah thank you very much all right peace out bruce okay take care bye