 what's going on? happy fridays let's see what's going on with the market bubble today it's not barbie michael so i thought you both sent me a message last night what was that stock you wanted me to check out? we had some pretty interesting earnings today as well we had drafting this morning it was we don't have Coinbase today and i think um if there was a mistake there had cgc good years and chemco please what's the ticker for that? oh i don't see it you can't find anything on it did they move? looks like they were pretty green today um and barely barely traded the chart is the volume is almost non-existent honestly what's up simon what's going on investors relations let's check this out i don't think coinbase reported today man unless i'm wrong could be wrong maybe they did all right so we found it um november 4th sas revenue grew 14 percent record new customer wins very good there updated guidance these are sexy words they said we wanted record numbers of new customers this quarter and year to date we have more than triple new customer wins compared to the same time last year that success is reflected in a very strong year-over-year growth in our annual recurring revenue and a slightly improved outlook for 2021 supply chain issues continue to be at the center of boardroom and conversations and daily news feeds and we are helping companies navigate the complexities the sustained positive momentum in our market gives us confidence in our midterm target of 23 to 25 rate growth in sas revenue including for the next year very sexy here profit um went down a little bit not sure why what's up ravi how you doing sweetest boy from africa what's up the lpn add that to the list i got you it looked like they had a pretty decent earning let's look at the stock year over here how was the stock trading last year hey you was trading the same price last year at 160 what's the all-time high all-time high was in 160 could potentially break out here um based on how strong based on how strong the u.s stock market is you would think this would break out okay x it's a possibility that's always a possibility um you never know right you never know with these tops either a breakout or a rejection definitely a lot of momentum coming in it's tough man it's very tough um you know with these situations like who know what to do it's it could either be the top you could either be buying the the best of the best on the top there um you could be or you could be buying the so like today um one of my buddy told me he was like he's like yo so i bought this stock um like i bought this stock yesterday thinking it was gonna hit um since it just broke new all-time highs and he was like i've read this thing i read this article that says anytime a stock hit new all-time highs it typically goes higher right so so he buys this stock thinking was gonna go higher um and instead he he managed to buy two dollars off the top and and now is like dying you know so it's tough it's tricky when when you're buying the top that's why i always like to buy the value opportunity dkng for sure very nice rb very nice so there's not much earning today so we're mostly gonna take a look at charts and stuff um for a little bit so Friday's a really pretty good day for charting um take a look see what's see what's interesting dkng had earnings this morning wanted to see how that did oh got some more alert that popped off let me see what's up with this vixx alert so vixx just hit the super lows today um on a one day setting up a double bottom actually vixx setting up double bottom yeah who knows maybe it'll be invalidated maybe it won't but that's pretty scary if it does happen um i got some other alert that came off too let me check that out real quick oh davin buster is hitting the top of the trend line and what's up with this rogu hit the hit the omega support level oh i should be buying i missed it i messed up i do this to myself messed up i'm supposed to set this on alert on the i set it on the one day chart when i should have sat it set it on the on the intraday chart so i'm not even getting alert on it because i set on the one day chart so i didn't get alert to the end of the day but let me see where we at 278 the lowest 274 so obviously didn't catch that bottom but rogu is coming back to this other support this could be finally an interesting area to buy the dip um if you guys trade rogu you know rogu is wild like sometimes when it bounces it bounces right so this could be a potential buying area we'll see i don't play rogu a lot but when i do i love to gamble it because it's it's just nutty this downtrend line can go a little bit further though i gotta take a look at that even further um but that that's a potential area so that's a potential area right there a potential area right there set by the dip for those of you guys interested in rogu that's the chart here hey pal i got you what's up photo warrior how you doing trading week has been pretty okay i don't i'm not sure it could go up anytime honestly but i have i have no high expectations for it like like ggpi i expected to go up sometime between now to january so my expectations aren't like super crazy i know i know for sure it'll eventually go up because it's interesting stock you know very good opportunity overall and everything you know why not right i sell alert on both actually i have alerts on trading view because i have the i have the premium account so so i can set up to like 400 alerts on trading view but to us alerts is free though um but i i use both platforms because um and they both have like this texting thing where they can text you to when you get the alert so i kind of like i said like two different types of alerts one for like long terms swing trades on trading view and then like um and they have a scanner set up on to us so this to us will send me scanner alerts whereas trading view sets up alerts that actually charted so i like the trading view alerts a little bit more um to us stuff are kind of like reminders so i don't put as much time to it hey man that's what we're here for you know you pay for a service and we're trying our best to help you guys out and hopefully you guys become better traders and you know be able to fish yourself someday so draft king had earnings today q3 sales 213 mil i supposed 133 mil last year pretty good year right um compared to last year but obviously they grown a lot and and that may seem like really good by the same time they also been spending a lot of money let me look a little bit further into their um their real report instead of just looking at these baby numbers here what's up though boy what's going on what's up hawaii and beefy for the three months and then september 30th drafting reported revenue of 213 million increase of 60 compared to 133 during the same period last year um revenue was in line with the guidance that the company provided during the second quarter earning conference in august 6 2021 draft king has a strong third quarter the highlight that highlights our team's unique ability to drive engagement with core customers launching new states verticals and completing the complex migration to our in-house tech ahead of schedule fundamental user acquisition retention engagement trend in the third quarter we're outstanding across all our online gaming products we deliver 213 million okay we know that we know that oh they said it could have been a little bit higher but it went lower expected due to nfl game outcomes or something monthly unique players increased by 30 percent average revenue per monthly unique players grew by 38 percent um we are increasing the midpoint of our guidance and introducing 2020 revenue so they narrowed their guidance a little bit more but it wasn't necessary super bullish it was like i think it was something like oh you know we were gonna make from like they you know originally they said we could potentially make um for the full year we could potentially make 1.21 to 1.29 right now they're like yeah we're gonna make 1.24 to 1.28 um which is actually slightly under the 1.29 estimate so they're like we're gonna be somewhere between 2.4 to 2.8 we're definitely not even gonna get close to 2.9 appearance so that's probably why it was kind of bearish today you know hawaiian beef did you go to that lemon site you should check it out it was a great lemon site so drapkin expanded mobile sports betting and eye gaming footprint they said following successful launch in Wyoming, Arizona, Connecticut drapkin is now live with mobile sports betting in 15 states that collectively represent 29 percent of the u.s population so they still got a lot more you know room to go like this is still pretty early in the stage for the company because like they they only got into 15 states um you know assuming they can get into at least half the states right um what do we have like 50 something states you know they should be at least at like the end potential could potentially you know bring them to like maybe 25 plus states um representing probably more than 50 percent of the population but honestly they really just got to get like New York um do they have Florida yet I don't know if they have Florida or not but I feel like if they can get New York that would be pretty huge for them in 2021 25 state legislations have introduced legislation to legalize mobile sports betting five state legislatures have introduced um existing network two states have introduced to legalize sport betting to retail locations in addition four states have introduced eye gaming so so there's definitely opportunity to add more especially you know this year next year sometimes these things are wildly just got lined the pockets the pockets of these like political people but it looks like it's coming um so there's I don't think this is the end of the growth for them yet they also launch a Drap King marketplace a digital collectible ecosystem designed for mainstream accessibility that offer curated NFT drops so pretty interesting there does anybody know when Drap King announced NFT drop stuff oh yeah I remember they talked about last quarter so this part is from last quarter I remember like I think I felt like world wrestling entertainment did a drop on there with like John Cena or something and and they like so differ too high so they didn't even sell that well that could be wrong oh hey hungry hungry it's like I lost all hope in drafting sad I think it was last quarter in August yeah I think it was last quarter too ooh Drap King marketplace announced a blockchain collaboration with Polygon and the theorem based scaling platform onboarding millions of individuals to web 3.0 this deal provides drafting marketplace sort of scalable eco-friendly blockchain solution that enables added input and expanded capabilities additionally Drap King now has the option to potentially contribute to Polygon's governance and help secure the network as a validated knot with his own stateful does that mean Drap King owns Polygon like coin launch micro betting launch Drap King rocket what is Drap King rocket is that that rocket game man let me look at this what the hell is Drap King rocket is that a scam ass game oh is this this this dumb game I remember seeing this game last summer man oh my gosh oh my god let me let me play you guys this DJ in ass video man come watch this DJ in ass video with me ship as long as you can handle it whoops oh no I think I killed my stream I killed my stream are you guys seeing blank are you guys able to see the screen or is it blank because I'm I'm seeing that my screen blank oh it is on youtube screen all right cool cool I guess a good coach on my side or something the higher the rocket rises the higher the payout to win bail out of the rocket before it stops now strapped in and let's play you can place your bet when the rocket is stopped or during the countdown simply enter your wager in the bet amount box next in the auto cash out box enter an optional multiplier to automatically bail out at the multiplier will default to a thousand x if nothing is entered when ready push the place wager button before the countdown gets to zero and the rocket blasts off the multiplier goes up as the rocket rises winning bets are paid by multiplying your bet amount that's pretty beating at which you successfully bail using auto bet makes playing rocket even easier because you can place up to 50 separate bets to run consecutively go to the auto tab to customize auto bet mode by entering a bet amount auto cash out amount total bets and a profit and loss limit let's try it we'll set the auto cash it's pretty dj man I was at the park last year I remember I was at the park last year it's like some it's some it's rocket game man it's like dumbest game you can play it's like legit dj like I was at the park hanging out with some guys and we were playing ball right and this one guy is like yo you heard about this rocket game and he starts playing I'm like what is this rocket game and it's legit the the most basic game ever bro like the most basic game ever it takes a monkey brain to play this game like you know and then all you do is just sit there and you look at the rocket you know and you start and you go from here and and like you know you bet whatever money right and and the dudes are like like I remember one one time he went to like 10x or something it just kept going and going and he's like almost at like 10x right and I'm like uh dude you just 10x your money how come you're not taking profit he's like nah nah I want to wait I want to wait for like a thousand profit I want to wait for like a thousand x he's like I hit 100x before I want to hit like 100 plus x man I'm like bro you ready like 10x you just made like you just made like a thousand dollars like with me and you watching this you know in like less than 10 seconds bro like like you just made a thousand dollars homie he's like nah I seen 100x before man I'm gonna wait for a hundred x so so I asked him right I asked him um I remember asking like the next week I was like yo are you rich man how much money have you made playing that game so far he's like oh I lost like 10k plus money I'm playing that game stupidest game ever I'm like bro how you lose 10k you're up all the time like I never take profit um man just goes to show like some people are just legit super degen bro like how like I don't know about you guys man but I feel like 10x is already so much how can you not take profit man Jesus massive yo massive degen level dude it was secretly you playing it wasn't it no it wasn't me I'm not degen enough to play that man dude if I was playing this you know what I'd be doing I'd be taking profit every time it hits like 2x that'd be me 1.5x bam take profit 2x bam take profit I don't think I'm degen enough to play that man I probably lose money on just fees alone damn play for 400x that's crazy oh you know the other thing is um I remember one time he was like we were playing game right and then he started screaming he was like you got so crazy right um he got super excited and um and we went over to look and it was like over 100x right so so so we were like yo take profit take profit right this dude was trying to wait for like 200x but apparently um when you get to that far or something you click take profit it doesn't even take profit instantly it like um it has like a I feel like it has like a three second delay or something or maybe like a one one two three seconds of late so even if you're at 200x and you press the button to take profit right it just jeez you because even if you click take profit when you could have taken profit since it has like like a one two three second delay or whatever by by that third second the rocket blows up so you thought you were taking profit but once the delay hits you you actually you actually you actually get wrecked oh man it's pretty funny it's a pretty degen though don't play that don't play that guys I hope I hope none of you guys got like FOMO from watching that video and actually play to yourself a few bad but I think that's good for them though I think that's good for DRAKING though you know as an investor I am I am bullish but um as a as a as a degenerate gambler I would recommend you not to do it facts are being nickled house always wins oh they expanded a multi-year relationship with the national basketball association MBA oh look look at this this is kind of funny I always think it's super funny when these like casinos have these things so it says they're focused on responsibility DRAKING integrated americans gaming associations have a plan bet responsibility I'm gonna I'm gonna do that man I'm gonna I'm gonna use that as one of my headlines for my risk management thing be like have a game plan bit responsible responsibility no shit man no shit they have this other thing it's more fun when it's for fun yeah okay this is our motto this is gonna be our motto for our our account challenge gonna steal them man all right was there any other um was there any other stocks you guys wanted to check out um from this morning before we start going over some charts hey what's that photo warrior we haven't gone over um paypal yet Honda motors reported earnings this morning CVMA let's check that out how they do today oh yeah did you guys know um I just learned I just learned today that um I just learned today that um some of these k-pop groups have stocks man like you guys can you know like you know how like like like the the k-pop groups have been getting super popular like bts and stuff so I just learned that that like bts you can invest in bts that's pretty crazy man like if I wish I would have known last year or like the year before when like that whole trend for k-pop was going crazy would have like been like a guarantee investment man so it looks like cabana didn't really move that much and I mean reasonably so right um so the bts stock Hawaiian beef is excited bro Hawaiian beefy excited so so bts stock is I think h-y-b-e because I just picked it up recently so it's on the Korean stock exchange um and um you can buy with interactive broker I believe so they're up like 7.5% today um really good really good and then like I think for the year they're up like 100% like let's say if you bought at December 1st of 2020 like COVID crash they didn't even affect them because COVID doesn't hurt k-pop music bro ain't nothing man ain't nothing ain't nothing gonna touch them um so if you bought it like November 1st of 2020 it was like 158,000 now it's like 383,000 best believe man k-pop trend is crazy actually I don't even want to say anything more about it because I might get canceled their shareholders the third quarter was another great quarter for cabana we deliver 111,000 retail units grew to 3.5 billion a 74 increase and 125 increased year over year y'all they make stupid money so they deliver 74 percent more cars right our units whatever and from that 74 percent they actually made 125 percent more money that's a record that's a record for them man so since the onset of the pandemic we have often found a self-constrained in different parts of our operational chain throughout our team have preserved and executed despite these constraints we're now buying and selling over three times as many cars as we were two years ago our team has hard work unlocking additional capacity this execution speaks to the quantity quality of our team and to the quality of our customer offering our long-term perspective and to the quality of the foundation that long term perspective has allowed us to lay over the last eight and a half years we remain firmly on the path to changing the way people buy cars to delivering more than two million cars per year and becoming the largest and most profitable automotive retailer oh yeah of course man like you know never I mean I'm not that old but like never in my life have I ever owned like or never in my life has I ever have I ever saw use cars being worth more than a new car you know like like and and you ask any financial person or or anybody like like you know anybody that understands assets and things like that everybody and their mother knows that when you buy a car is a depreciation depreciating asset right because it got used you got value out of it like you know like there's no point that it should be up 100% so it's insane man it's insane like if you told me that hey you know you buy this used car and next year you're gonna appreciate like 50 to 100% more value on it I tell you you're nuts like crazy man crazy but here it is and and supposedly due to inflation right but guess what they say inflation is at 2% so how how does a car appreciate 50 to 100% value when inflation is only a 2% it doesn't make sense but I think a lot of it has to do with like TikTok people and things like that as well I know there's like a lot of huge TikTok trends and stuff and one of the trend was like telling people to to like to like to like to like buy vans or like hire wait cars or tax deduction but it's pretty dumb though like like for example right um let's say you make 100,000 right if you were to pay um let's say you pay max capital gains tax on 100,000 right you're paying about 30,000 right um but they say oh if you you could spend 30,000 on buying vans instead right so okay so you're like okay yeah yeah i'm gonna buy vans for like 30,000 so I can like deduct 30,000 off my tax right if you made 100k and and you subtract 30k you know for buying the van right now you have to pay tax on only 70k you're still paying tax on 70k you're not paying significantly 30 less tax because you know like if you made 100k and you pay 30 in taxes um 30 of 100k you know is 30,000 right so you spend 30,000 on a van now you have to still pay tax on 70,000 right so 30 of 70,000 is um like 21,000 so instead of paying 30,000 tax now you're paying 21,000 but you have to purchase 30,000 of an item just to we do money on we do $7,000 but that van later on is going to cost you to depreciate more money so you're going to lose money on that van as well you know that van later on is going to maintenance you know insurance all these other bs that's going to continue to drain your money so even though you think you're saving $7,000 in tax by buying by spending $30,000 on asset you you you can potentially spend 40 to $50,000 over the next two three years because of that you know but people don't realize that they don't think they don't they don't think through that path they just think about saving that tax money so much it's kind of backwards man unless you have a really good use for it unless that van is an asset that can bring you into more profits it is a debt purchase because because vans qualify for special taxes and stuff but anyway back to cvna this is a good year 74 percent 100 and 70 growth you know um they they partner with root partnership with Hertz some more vehicles and stuff they they expand it to they expand the line q3 you serve about 80 of the market apparently or the population so in other words they also they also pretty much toward the end of the expansion plan you know like if you're at 80 what else you got left another 20 right um but if you look at the map here and you think logically the other 20 percent is this this um this like northwest area like you know who lives in this northwest area man or this whole middle area man this this like southwest northwest i mean not northwest so this mid mid um i don't know i don't even know what you call this man this whole middle area right it's all like farmland man um like this whole farmland bro like like like yeah you you can get you can expand and you can get those people but those people don't care to buy a car in kebana they're not like technology efficient enough to really like look at 3d picture of kebana and want to deliver they're gonna go to the dealership they're gonna buy their forts or their or their gm or a chrysler you know and and that's it man and they're gonna drive that that car for like 30 years to like they're not gonna there's no point so they're in the way the 80 percent that they have right now it's pretty much 100 man in my opinion at least yeah this whole mid best whatever you know the top and the bottom would you say he knew a guy that drove a van and said that all the time pretty sure he was virgin for the longest time what was this more room for other things damn does hungry have a van how do you know this how do you know this but yeah i think that's pretty much the end of the expansion look at that growth man amazing amazing growth so let's go look at the stock price right um so they said they just had 100 growth compared to last year what was it the stock trading last year stock was trading about $200 um but i would i would also say the stock also grew a lot last year right so if they had 100% growth from last year in terms of like revenue um and sales right you would think the stock would be value of $400 plus however at the same time you know um the company has also appreciated a lot from 2020s level where they were trading $100 and and now they're trading almost $300 so that's almost a 300% move from there as well and if you were talking about like you know how they did from February 2020 to like you know um end of 2021 um i would say they're probably somewhere between 100 to 300 growth so this is probably a decent area for them um they could go a little bit further but this is probably a pretty decent area and i think they're pretty close to the peak i mean but overall that was a really good earnings though that was definitely a good earnings it might it might have a nice move let me see let's look at the chart see how um it's looking kind of bearish on the daily it got so pretty hard there was a little bit resistance over here um and it didn't break over it so i think we're kind of bearish if we can break over 310 it's probably pretty bullish but i wasn't i wasn't too surprised by like that um that choke on earnings cvna um let's take a look at some of the stock from earlier dlpn oh damn we have team meeting right now i'll take a look at these charts later for you guys just uh check out the spreadsheet and we're gonna end there here for today got a team meeting um we'll be back here on monday boys take care and have a good night