 Alright guys, let's get started here. So first things first as let's talk about save which is Spirit Airlines So Spirit Airlines had news the other day that their merger with JetBlue was being blocked And because their merger with JetBlue was being blocked People were anticipating that the company was gonna go bankrupt and the stock just totally totally collapsed right stock Totally collapsed from 15 all the way down to 4 now what ended up happening yesterday was actually very interesting So stock was going down stock was going down stock is going down and all of a sudden News came out right here that the company is going to look into restructuring aka they're gonna look into some sort of bankruptcy Right, so it turns out that a minute before that this news came out Dave Portnoy from Barstool's Ford's bought the stock He bought the stock it instantaneously stock cratered, you know 20% right so Okay, whatever that sucks for him, but it is what it is And then a little bit later in the afternoon. We got a news a press release came out right around here You could see that the volume came in we got a press release that came out this and hey We're not looking into restructuring. That's all bull whatever and then from there that led to the stock ending up bouncing So the news catalyst came in so Dave Portnoy bought here. Let's say at $5.30 $5.30 News came out a minute later that essentially that Spirit Airlines is gonna go bankrupt about 11 probably about four hours later three hours later Another press release came out saying hey, we're not even gonna do that stuff. It's all fake news Whatever and then it kind of just ramped up into the close Coming into this morning now the company is very very smart and they came out and they said wait a second Not only are we not gonna go bankrupt? We're actually looking to have a really good earning season, right? So these freaking guys and these freaking guys all of a sudden the stock literally doubled off the lows from four hours eight dollars Dave Portnoy was right Slow and slow and behold So he's up a lot of his position now Here is the problem with a stock like Spirit Airlines safe, right? The problem is yes, the stock is extended In the short term from four to eight, but it's also beaten down from 15 to seven So it's extremely beaten down. It's extremely It bounced extremely big off the lows and the problem is that this is a no trade guys It's a no trade and the reason why it's a no trade is in addition to this at any moment at any moment You can see news could come out and the stock a crater 20% or News could come out and the stock a ramp 20% it is too random. It is too random Okay, so stocks like this is just very interesting because you know, you don't really know what's gonna happen Right, you don't know what's gonna happen. Is Spirit Airlines gonna go bankrupt? I don't know. Is the merger gonna happen? I don't know. Are there earnings actually gonna be good? I don't know, right? So if I don't know, then I have no edge trading it So in the past guys in the past like I said, I've been trading for nearly 10 years now and in the past if something was moving I would be trading it but I Learned that oftentimes there are certain stocks that should not be traded because there's too much headline risk There's too much risk that at any moment at any second news could come out news could come out That says hey this stock, you know what they are going back to court and they're fighting the decision Save will halt up and open up at 15 or maybe news is gonna come out and say, you know what actually our earnings Aren't looking that good and stock is gonna halt down and open up at 2 So it's gonna be too random that stock is gonna be too random and because the stock is gonna be too random I don't really see an edge on this trade. So for everyone asking what happened with Dave porno What happened with spirit Airlines? What happened with this with that happen with that is long story short He had some bad luck Immediately stock taking after he bought and then he had some good luck and then some even better luck Right because at the end of the day when you're trading something like this There's no way to know what the news is gonna be the news gonna be good or bad Stock this morning whoever's the insiders of this company thought it'd be a great idea to say that earnings are gonna Be good and lo and behold stock ramps up 30% today