 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now toll-free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tommy Ants, Tommy O'Brien. Welcome folks, appreciate your garal and a problem with us out here. We have the Dow Industries up 15, Nasdaq's up 29, S&P's up 5.5, Gold's up 350, trading at 14.71 oz. You've got Silver up 4 cents, 16.75 oz. Light Sweet Crude, $59.13 a barrel. They finally got the Saudi Aramco deal off. And it traded higher, right? They went up limit, up 10% percent. No, no, those Saudis are selling, no? They don't want to be hanging out in the Ritz anytime soon? They're going to get that up the limit until it's worth $2 trillion. Exactly. Notes and bonds. You get the 10 unit up one tick, 128.31, the 30 year up seven at 158.09. Now both notes and bonds, so it's the last two days. They went up there with light volume. That's telling me they're going to go test last Friday's lows. That's telling me that this is back, it's going to go after its highs. $Kingdala, $Kingdala up 43 ticks, trading 97.45, the year is at 110. The end is at 108.5, and the pound is at 130.179. And we're going to have some pound. Well, we've had pound action anyway, but tomorrow... We've got a lot of action, man. We've got a lot of action. That day today, UK election, tomorrow, why not? Let's go to our man, Mr. Kevin Hinks at TD Ameritrade. Think of Squim as we do every Tuesday, Wednesday, and Thursday. And don't forget, folks, every trading day right here, 11 to 12 Eastern Standard Time. If you want to understand the options market, you want to understand option strategies, futures, outstanding program, folks. 11 to 12. If you haven't test-driven yet the Think of Squim platform, so easy to do, you're on our site right now. Just hit the banner. Bring it up to the Liar Trade to Pay for Money. You can follow Kevin as team as they set up these strategies each and every day. Kevin Hinks, what's going on? Good morning, Tom. Good morning, Tommy. Well, we didn't get on a day where I really think the bonds are going to be in focus and should be in focus. The first number that came out, the CPI, really didn't do anything to move them very much, frankly. The headline number was a little hot, but most traders go right to the core, the ex food and energy. And that number came in right in line, .2, 2.3 year over year. It just didn't get anyone's heart rate up, frankly. You saw the bond market and you saw the one-minute candles and the bonds were very muted. So now Jerome, Tom, your table's ready. Come in, 1.30 Chicago time, 2.30 year time. Let's see what you got for us, Jerome. Normally, in the new world that we live in, he's going to have a press conference. He wouldn't normally if there wasn't going to be a rate change, but now he's going to talk. Simply, he'll address some of the issues out there like repo rates and the actual strength or weakness of the economy, whatever he sees. No, there's no doubt. It's a treat, Kevin. I'm still really bullish bonds, but the way the bond markets traded the last couple of days, man, we're not done going down, man, down on price. Right. So it's like, okay, man, and then I'm looking at the S&P, we're right next to the highs, man. It could be any second that we either get taff news or we get some kind of news that I think this thing is going to blow right into the highs. And it's like, Apple just hit a brand new high. Okay. Apple straightened. I mean, look at it this morning, right? And let's face it, Tom, if you base your investment strategy off, don't fade to Fed. A 1-8-2 10-year yield isn't scaring you away from high dividend yielding stocks. So there's no real pressing reason to exit stocks right now based on that 10-year yield. Now, go up with a rising 10-year yield, but the play is vitally important, as you know. It's got a spiking 10-year will scare stocks. Oh, yeah. So the risk going forward is that 10-year, not going up, but going up at too fast a pace, I believe. Yeah, no. You know, it's amazing. I mean, we talk about it a lot, but we are definitely used to rates that are at this level. And I don't think any of us would know what to do if, you know, you went to 3, 3.5% again. I mean, you know, realistically. It would be just a market. Frankly, if it went there too quickly. Yeah. Now, if it does it over the next 18 months, I don't know if that will scare the market. I think, you know, with good economic news and data and earnings, we can't get to 3-3.5 and not scare the overall market. You know, it could be a flat year for stocks with good earnings and higher rates. I could see that potentially happening. Well, you know, it's so wild, man. Like, I remember, you know, in the 70s, okay, when inflation really started, one of the hardest things to get your head wrapped around, folks, was that rates, you know, started going up. Like, I remember, like, they went from 5 to 14. And the hard thing to get your head wrapped around was that rates were going up. But because everything else was going up, that's when you really had to understand what is the real rate of return. Yes. And in fact, one from the other because what was happening is that hard assets were going to the moon. Yep. And bottom line is that, you know, even, you know, well, equities were getting killed until 1980, okay? But that correlation is really important to understand. It doesn't matter what you're making on your money if you're just spending that money for the same cost of living, right? And you're getting more money out of it. Yeah. You know what I mean? So it's pretty wild. There's just a lot, you know, low interest rates. You know, you can have that debate, Tom. Are we ever going to see rates, you know, as high as they were when Carl Volcker was chairman in the 70s? Who knows? But never say never between the length of your career and the length of mine. Yeah. Never, ever. They never. There's no, that's a fact, man. In fact, I was looking this morning on the news. One of the big broker deal is I was looking at it and they were selling their automated option business. And I was wondering, like, you know, okay, so that gets kind of intriguing. Like, you know, what is exactly that mean? And, you know, I didn't dig into it enough. So, but that was intriguing in itself. Do you know what I'm saying? Like, okay. Right. Right. It may be automated option trading has got to be where you're posting the bid ask and hedging automatically when you trade at things like that, you know, where you're. Okay. So really market making business. Your markets are adjusting via computer trading, basically. Yeah. Right. Basically a market making business that you basically. Yeah. No doubt. So Home Depot. Home Depot come in a little bit light, right? Mm-hmm. And, you know, what's going to be intriguing here, folks, is that if you look at Toe Brothers, okay, you know, a lot of this, you know, we stopped breaking this down. You're going to see this is a lot of this has to do with the West Coast. The West Coast is so expensive. Toe Brothers, they come in light in California in a huge way and they're lodging California, but their average house is 830,000. It's like average house is 830. That's a monster number, man. That's quite a price tag. That's a huge number. A few weeks ago, we broke that all down on fast market. How, how really who might be set up the best for this environment that we're in now is, is DL Horton. Yes. Because their average house price is much lower in the 240s, I believe. Yeah. That may be that magical price that can get millennials out, you know, buying a house and something they can afford, at least for the starter. No. And I think that's where, you know, the next boom in housing is, is those starter homes. Yeah. There's no doubt. Because we're all buying houses with a signature, you know. Yep. You hear plenty of times people paying cash, but those are investment funds. Those are, you know, it's the signature, folks. It has to supply versus demand. Definitely. You know, what can you afford? What's the payment, you know, bottom line? Right. You know what I saw yesterday, Kevin, which is pretty cool, folks, okay? In Park City, their houses have got so expensive. Now this is a ski slope, but now there's a company coming in making 300 square foot little places, right? Okay. With big places that, you know, you get halls and bars and all this. And those are right beside the 300 square foot places they're selling for 500, 600,000. Oh boy. But that's inexpensive compared to a regular chalet. You can't buy anything else in Park City, I bet, right? No. Yeah. Yeah. Unreal. Folks, right here, 45 minutes from now, outstanding program. Kevin, you have a great one, safe one. We look forward to the program. Thanks for having me out, guys. Thanks, Kevin. Stay right there, folks. Tommy and I are coming right back. Thanks, guys. Thanks, guys. Thanks, guys. Thanks, guys. Thanks, guys. Thanks, guys. Thanks. I'm going to have an S of Ps are up four and a half. So I heard on when you're just doing that update Boeing. So what's happening with Boeing here? Go figure, Boeing, a little bit more optimistic than might have been realistic. You got the FAA chief out there saying recertification going to be going into 2020. Everything Boeing has been putting out saying that they hope or I don't know the verbiage they used. It was pretty strong verbiage. They anticipate they hope that they will have that recertified by the end of this year. It was always kind of skeptical, especially because in particular, had already cleared that plane off of their schedule well into 2020. So the only people you had saying that was Boeing. And of course it comes out FAA chief, can we just scroll up a little bit because you have the quote. If you do the math, it's going to extend into 2020. That's the FAA administrator Stephen Dixon told CNBC on Wednesday, hours before he's expected to testify before the congressional panel. We're going to do it diligently because safety is absolutely our priority with this airplane. They should say now. I'm not sure if it always has been, unfortunately. But yeah, looks like the US government approvals needed to return that 737 Max to the skies won't be completed until next year. And what's happening here, they came out about a month ago, the FAA, this is. And they're not going to let them self-certify. Okay. And that's a big, it means that- It better be, man. I don't know how that, right? And so Boeing this morning, you can see kind of sliding yesterday. You were up there at about 348. And the slide as that news came out down to a low, 338 currently sitting 341. I have the chart of Disney up here. I saw a headline this morning on CNBC. So not sure what exactly this means, but one kind of tracking company talking about that they expect that there's already been 22 million downloads of the Disney Plus service. Now I don't know if you have to be a subscriber to download it, right? You can probably download the app, but then you got to log in, right? You got to log in. Right. But it would be the same way that why would you download the Netflix app, unless you're at least interested, at least considering signing up. We'll go back to it. And you got Disney trained up about a percent on that news. And it's Christmas now. It's holiday time. There's going to be so many films that people want to watch, too. And you got Kids Home for the holidays. Check it out, right? And it's remarkable. I was saying yesterday there was the news, so they had, what was the movie with Elsa and Anna that just came frozen, too, I believe. That almost put Disney, we're talking about earlier in the week, a $10 billion for box office sales this year alone. And they have a Star Wars movie coming out December 20th, man. And so you add all that revenue on top of it. Then that library of content turns into, it goes right into there, and Netflix doesn't have $10 billion of revenue that they're pulling in from movie theaters that then they get to just put into their content. So it'll be interesting to see. I told you, I've been watching Amazon. But now I'm hit. Prime? Okay. Yeah. And I'm watching Jack Ryan. Okay, I've heard that's pretty good. Yeah. It is good. It is good. There's lots of choices, man, lots of choices. There is. We were talking about yesterday Discovery, right? Yeah. The guy who was in charge of, yeah, Curiosity Stream, I believe was theirs. Another competitor, just stuff everywhere for sure. So oil. Let's get in the oil market. Let's do it, man. So it is Wednesday. We're going to get the crude oil numbers, as if we don't have enough going on today. We got crude numbers. 10.30 a.m., it's 10.21 right now, so we got about eight minutes until we get those inventory numbers. Crude, a little bit of volatility today. You back things up to yesterday. We made it up to a high of 59.50. We talked about how the Saudi Aramco deal, they get a pop on the open, the largest market value of a company. I think it's 1.8 now. It's up $2 trillion. You won't see any of those insiders still in any time soon unless they want to knock on the door from the Saudi police. Yeah. And B1, right? Oh, right. So we'll get it. Yes. Exactly. Crude oil. We're looking at the January contract. We're trading at 59.15 right now. Jump into, let's see where the 11 a.m. is lined up for expirations, would have exposure from $59 if we want, not a bad price point in terms of about $0.15 in the money to the bullish side. If you want to set up a volatility trade, this would be your bullish spread, 59 to 60.50. And it's kind of cool if you were just bullish, not a bad trade, man. You're paying about eight pennies in premium. The contract's at 59.15. You're buying at 59.23. And you're capped at losses at 59. And you got to keep in mind here that this is with the inventory number dropping to 10.30 with upward exposure all the way to 60.50. The bearish side of that, you're going to be a little bit out of the money. So you're going to be paying a little bit more premium as in you're paying $0.15 plus the $0.09, so you're paying $0.24 on the bearish side. And I say paying $0.24, right? You're paying $0.09, but you're $0.24 away from the market. And so you're looking at- And if you bearish, that's not bad. No, it's only costing a $0.09. It is, it is. Now you got 24 pennies before you get to break even, right? But pretty cool how that lines up. So when you look at that chart, it was 24 pennies like six hours ago. Yes, and again, you got the numbers coming at 10.30 right now. Let's just see where the noons line up. So a little bit different price point, which is nice here. So on the 11 AM spread, you had a little bit of a bullish bias potentially because you were $0.15 in the money to the bullish side. You can set up a real similar trade on the bearish side though because $59.25 becomes your pivot point. So this time you would be buying the bullish spread, but this time you're out of the money on the bullish side. So that gets a little bit cheaper, but you got to make up that room in terms of you're buying a $59.41, the market's at $59.14. You're paying $16 on that bullish spread trade. And the bearish one is the one that now has your intrinsic value. Not a bad bearish trade. If you really want to, you're selling it at $59, call it. Markets at $59.15, you're capped out at $59.25. I like those trades, and this one goes till noon too. Right. So I like those trades when you're getting an inventory number, you're capped at relatively affordable losses, and you have a $1.50 in terms of potential. And let's just see. So the number we're looking for, crude oil inventories, they're looking for a decline. I'm going to put it in because we got 15 seconds. We're going to add that negative number. $22.50, we're going to split the difference between the median analyst estimate of a decline of 3 million barrels and the whisper number a little bit weaker than that, a decline of 1.5. And before we jump around, interesting draw on crude and gasoline looking for a surplus of anywhere between about 2.5 million and 3.3 million barrels. OK, so CL, active contract. Let's see what we got here. Yep. So yeah, been having a hard time with the $60, but it's still over the $58.74 level. Oh, look at this. This doesn't say a thing. And that was the OPEC news that we had on Friday. The Saudis cutting even additional and surprise, surprise ahead of the initial IPO for Saudi Aramco, but it's held up there. It has held up. Hey, well, Sarah shakes out. It almost looks like it does want to spike up there. I mean, it's been up there four days. It's been hanging for a while. It has. It's been up there four days. You got to know there's a trading desk somewhere in Saudi Arabia that's going to be buying oil if that thing begins to plummet, at least for the foreseeable future. No doubt. So let's go one of the tigers just saying we got a spike in the metals. And we did look at it. Silver is amazing, man. That's just like a maniac up 16 cents. We're just up four. There's no doubt you get a spike on it. It's like, OK, what's that all about? You always get some good action in the metals on Fed Day, especially around 2 o'clock, right? Bonds will go a little crazy. Metals will go a little crazy. And of course, the indices may as well, but you definitely see it in whether it's the dollar, gold, silver, and of course, interest rates, bonds. Yeah, and you know, what do you have here? Now, the dollar certainly hasn't, you know, it's taking its time trying to get down to this low end, man. I mean, you know, it looks like it wants to go, but 97107 is the number, 97426. Stay right there, folks. Tommy and I are going to be coming right back. We'll have those oil numbers falling, the gas numbers. Our phone number is 877-927-6648. We'll come right back. The TFNN Tiger Dollar Holiday Sale is back. For two weeks only, we're offering the largest bonuses of the year on all Tiger Dollar purchases. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Folks, I dialed down 12 Mazik of 22 SAPs of three and a half and we got a rise of what, 822,000? We sure do. So API had a rise last night too that we're talking about in the den and crude oil inventories rising. Expectation had been for a decline. Gas inventory is rising much more than they'd expected, 5.4 million barrels. So with that in mind, let's jump back to the charts. See where we're trading at. And we got quite a drop, man. As you'd expect, right? Market was looking for a decrease in stockpiles. You actually get an increase. And this is where you talk about, man, if you're going bullish, you're capped out of $59. One of those trades we were looking at. You know, right away, you don't even have a chance to get out if you're trading this in the futures market as that blips down in a heartbeat to 58.88. And if you looked at the bearish side, not a bad trade, we were getting in at 59.25. That would have been our bearish side of the contract. Already, you would have $46 of value on the bearish one with that acceleration to the downside. So $60, maybe just not yet, man, and the price accrued with a build of 800,000 barrels. Yeah? Yeah, it's because you say 58.79. See, that's the number that we just went over for four days, but guess what? It's a number that... And you back it up. I mean, we just, I mean, this level we ran out early this morning on two occasions. We're under that now. And, you know, you're all the way back to Tuesday action in a heartbeat. Yeah. Lots of energy out here. In fact, here, well, let's go to CVX, the Chevron. So check this out. This is pretty intense, man. So Chevron is now 70 cents. Now... $11 billion. Is that a lot? This is a write-down, folks, okay? That Chevron basically said, hey, listen, I don't think our assets are gonna come back to those levels again. Yeah. They expect to write down 11 billion in the fourth quarter, more than half of its Appalachian natural gas assets after the slumper prices. More than half of it from the Appalachian natural gas assets, yeah. I mean, that's pretty, 11 billion. 11 billion. And they talk about the US oil majors considering the sale of shale gas holdings according to the state and the company said separately and it tends to exit its stake in the Kitimat liquefied natural gas project in Canada. And Chevron also plans to keep its 2020 capital budget at 20 billion in the third consecutive year. It has not boosted the spending. So natural gas prices really hitting their assets and as it should. You know, if you have an asset that's based off of commodity and that commodity price plummets, you better not be valuing that asset on your balance sheet at a price that doesn't make sense because that's a long-term problem, man. And that's really- It's cooking the books. Yeah, I was gonna say it gets into, whether you call it, you know, SEC criminal behavior even at some point when you're, because you get to, you get to borrow against that money, right? You get to leverage against that money and that's where companies really go bad when, and that's why market to market is so essential on most things because when you have assets on the balance sheet you use it to further leverage yourself. Those valuations are off. That's where you really get into trouble. I mean, that's where that home crisis was in 2008. You had all these assets on people's books that were just hogwash. Right. You know, it's, let's go to the natural gas market for a second because this is really, you know, it's saying that the budget also folks, okay, says quite a bit that, you know, anyone in their right mind and picture if we all had just a little small business or whatever, you're not gonna put more money into the research to make the business bigger when you feel that, no, there's prices that aren't gonna make you money. Right. You just have to write down $11 billion in that market. Why are you even in that market if that's what's happened? Totally. Yeah. And you can see it, this natural gas price is pretty devastating. Oh man, just even since the last two months, yeah? Yeah. Three bucks to 220, man. And that's $8,000 a contract. Just say you wrap your head around that folks. Can we put it in? And it's so unusual that some, they only trade, they have three dolls and get on a dollar. Now here's what's interesting, right? Check out the three year chart. Yeah, and this is where they talked about, they haven't spent more money over three years. They're keeping it the same. They had an above $3 price for a while that was just holding steady, right? Let alone put it on a weekly, back it up to like a five year and this is the January. So we're getting weird, but you get the general consensus here. That is not a strong chart. And man, oh man, this year just been really tough. And that's where they probably said, you know what, we have to write this down, man, because we were flirting above three, holding steady for a while. We were at four and five, four or five years ago. And now the new norm is 240, 220, 250, whatever it is, right? And we'll put this, I'm gonna put this on a much longer one, so we can really- Perfect, that'll give a little bit more clarity in that chart. Oh boy, here we go. 25 years. Hold on, hold on, here we go. Why not, right? They, I get it on a monthly 25 years. Just take a few minutes to get, look at this, man. Right. That's pretty intense. Like, so if we bring this back, as well as $1.68 in 1997, where are we at right now? We're right there, okay. So what is that? Even at- $1.76, 2001. 225, there you go. Yeah. Yeah. Boy, that's a mess. For sure. And even if you clear out some of the craziness that occurred here, right, you still have a chart that when you back things up, man, I mean, yeah, we had a reprieve down there at one point to $1.61. Yeah, that wants to, so that's $2.02 at the top of that bar, folks. Yes. That's game. That's game to get tested. What's the bottom of that bar over there? The bar right. Right here? Yeah. 202. It's the same deal. That wants to get tested. Yeah. Why not, right? Do you know what I mean? Oh, definitely. I wonder when they accrued some of those assets at the appellation that they wrote down. Yes. I know, it's- Higher than where we're at right now, probably. It's amazing that, I mean, general electric, they bought all those oil assets when oil was like $120, $120. They should have been buying solar panels. Oh my God, seriously, man. Yeah. It's pretty intense. It is. Let's go take a look at some of the higher volume equities and see what we have moving out here in the marketplace. Last couple of days, folks, I mean, markets going sideways with light volume. Slacks down 144, oh, children's place, so that thing's getting smoked. That's not $15 at $55. Can we pull it up just because I wanted to get into GameStop as well, a couple of earnings misses, man. So biggest drop after weak earnings, disappointing forecast suggested to City that former Jimbery customers are quitting them all altogether. Wow. Let's just see if we can get into this weak earnings, what they talk about here. Okay, so here we go. Fiscal year adjusted five to 520. They were looking for 540 to 575. Fourth quarter, buck 48 to buck 68. They were looking for 206. Man, sales, that's a big miss, man. 504 million in sales. The estimate was 555. That's like a 10 plus million. And then, excuse me, 10% miss on millions. And the margins. Modgens across the board. They basically miss them. Well, not small, the margins are, man. It's almost got groceries to a 5.7% to 5.9. And you know what probably happens is when you're expecting to take in 555 million, and you're only gonna take in 504, that's a huge miss in terms of that's where you already, that's probably on the same amount of employees in the stores, right? Same amount of rent you're paying. Okay, so all those are fixed costs. And you just miss that area to make some margin where you barely survive. Let's go to Jim and Denver Colorado. Hey, Jim, what's going on? Hello, Tom, hello, Tommy. Morning, Jim. Hey, thanks for taking the call. Watch you guys all the time. We appreciate that. Thanks, man. Thanks, thank you so much. I subscribe to Steve Rhodes. That's sweet. And, you know, my wife, who's a lot luckier than I am, has some Apple stock and we were thinking about selling it, but it looks like it's broken the all-time highs and might like go to 300 or something. So it was one of what you were thinking. Okay, stay right there. We'll, we're shot break, we'll come right back. Bottom line is that. Not a bad year to be an Apple shareholder. No, it's a great year to be an Apple shareholder. Stay right there, folks. Tommy and I are coming right back. We have the Dow Industries right now trading down to 28. Now it's like I have 20 SAPs left, two and a half. We're gonna be coming back when I met Jim from Denver, Colorado. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. 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We were talking when I met Jim from Denver, we were talking about Apple. You know, this is, I mean, there's quite a score there. There's no two ways about it. So, you know, you always say, okay, are you gonna sell a big winner like that? Well, it really depends on how long or what she's gonna do with the money first, right? Right. And then, you know, is this gonna keep going? Well, it should have retracement, that's for sure, okay? But on a longer basis, I mean, we're in, you know, these large companies basically have taken over just about everything, you know? So, I mean, I was looking, I'm not suggesting this, but what does get cool, depending on how many shares that you have is that, you know, I was just looking at the January 270 calls, right? Okay. So, let's picture that if you're gonna sell it a 270 and you really just sell it because you think it's too high and it might buy it back again, you could sell a 270 call for $755 per 100 shares. And then you cover the 262, not that that's a lot because Apple can go down 40 bucks in a heartbeat, you know what I'm saying? You understand how that works, Jim? Yeah, I got a rough idea and I have to review it again, but right. Yeah, no, just for everybody, Joe is asking, you know, basically, you sell the call, right? So, you receive the $7.65 per share for everybody else out there. And so you automatically then are basically in the same way protected because if you sold it at 270, now you could sell it at 262.50 and end up with the same amount of money, which is the $7 in exchange. But what happens is that if that starts trading above that level, you'll get a call away from you, right? So, when you own the shares, it's different. Right, yes. I'm not saying it's different. And this is, it's a good strategy, folks, if you understand options and you're gonna sell the stock and then this is the kicker, that you don't think the stock could take a monster hit. Well, that's the big kicker, right? And then that's the big kicker, yeah. To put it out, right, if Apple goes down to 250, you've now lost $20 in the price of the share and you've only collected $7 in the options. So, you've actually lost $12 per share. Right. And you have till January 17th. I know. How long has she owned it? Well, seven years, I think. That's awesome. Several years, I'm sorry. Eight, that's awesome, no matter what. It's quite a, how should I say, she's gained a lot. Yeah, it's even the last two or three years. I mean, you might not see something like that run that Apple's had in many equities in a long time, especially because it was such a mature stock at that point to have that type of a growth. Right. You don't have to sell all of it. Yeah. That's the other side of it, do you know what I mean? And really, I would say that two different things that are happening is that if you're gonna sell it, I would make sure you know what you're gonna do with the money first. Okay. Because I like the idea, I mean, if you get a score and I know I'm swapping money from one bucket to another, that's, I like how that works, okay? You don't necessarily just wanna be sitting there in cash and saying, okay, I sold it just because it's high. You know what I'm saying? Right. Because I think, you know, Apple, Google, Amazon, I mean, I think it would be around for a long time. I think, you know, we're not at the beginning of this, but we're certainly not close to, you know, the middle. I mean, do you know what I'm saying? So. You think it could go up a lot higher, but it would take a while probably. It will, it will, because if we look at Apple, so watch what happens. I bring this back in a monthly, what you're gonna see is that Apple had consolidated for a long period of time. And then, well, it's not that long. I mean, it consolidated with this, well, yeah, you could say, 2014. November of 2014. Yeah, well, three years, it consolidated. Two and a half, yeah, February of 2017. And then it took off. That pullback, just to put it in, nobody thought it was gonna go from 233 to 140 just a year ago, though. So that's kind of the dicey part about that, of course. That I'm sure you know, Jim, because that was quite a pullback. But if it's a long-term deal, because there could be some volatility, Apple really prone to the tariff deal. We have tariffs coming down the line Sunday. So, you know, if you're gonna be a long-term older and it's still, if it's something that you plan on getting out of it any time soon. Sell some of it. You might have an opportunity because even if the talks get extended, right? Does that mean they're not gonna get pulled back? Does that mean the president's not gonna get out there and threaten to re-institute those tariffs in which you might see some volatility in Apple? So they're kind of prone to that deal. And no matter what happens before Sunday, I think we all know that's gonna persist as time goes on. Yeah, yeah. I mean, she has a good problem. This is what I don't like that. I look at it. That buy at 140, man, was just quite a year for Apple. It is. So the real question is, is that, you know, what, I would say that if I was in that position, I'd sell some of it. Because when you look at that chart, it's like, okay, man, you know, we on a six month chart, let's just say that, yeah, I mean, even just 192, five months ago to 269, that's, you know, for a large company that either, 35% on a company that's already running the world practically. I wouldn't totally get out of it. But the bottom line is that she can sell some of the shares and still do very well. What are you gonna pay about 15% tax? You gotta figure the tax implications out of two. Do you know what I mean? That's the other side of it. Yeah. Yeah, we'll add into it. Her gains are gonna offset my losses. No, that's even better. If that's the case, now listen, folks, no, I'm totally serious about that because what ends up happening, everyone should be doing this right now, folks, okay? You should try to figure out, I mean, if you have a loss that you've been carrying forward, even three or four or five years on your taxes, right? Go look at them because if that loss is there, you can, you should be taking that gain to put it off because that is exponential money because that's money found because you're already sitting, like you might be sitting with a 10, 20, 30, $50,000 loss going forward because you only can write off 3,000 a year. Okay? So if that's the case, that's a whole different ball game, man. I mean, I love when that happens. Yeah. Because then you are paying nothing and... And you shouldn't be because their loss is offset in the gains. That's right. And that loss, okay? Bottom line was most times, and your tax forms was, it could be five years ago, seven years ago and whatever. But you want to get rid of it because that's found money, man. Now the only thing I'll add to it, Jim, I'm an iPhone owner myself. I have an eight plus right now. So I haven't gotten the 10, I've got the 11. I'm waiting for the 5G phone. I'm trying to. We'll see if it lasts out. So I think Apple is going to get a boost, man, when they come out with the 5Gs because I think there's a lot of people and they've done well with this, you know, issue of their phone, which was kind of a hold off. They were worried about it. They've done well. And when they push out a 5G, I think there's a lot of people, that'll be the first real reason in a long time, besides just an upgraded camera, besides an upgraded speed, there's an actual definitive difference between the last phone and the new phone, which will be a 5G. So I imagine that they'll get a boost and it'll be leading up to that. It won't be the day off, you know what I mean? It'll be leading up to that release that people are saying they're going to have another big round of iPhone sales, which they don't even tout in their earnings anymore because they do so much cloud revenue. Right. So now your head's really spinning. Got all avenues of it, man. Can't go wrong with Apple, that's the bottom line, man, but you can't go wrong taking some of that money. And you can't go wrong. If you get a tax loss, carry it forward, man. Just do it. I'd match it up, man, because that's found money. That's found money, man. Every year, sometimes I forgot to do it last year, and I'm saying to myself, why did I just, I could have done this in two seconds. Tax planning, get on it. No, it's a big deal. I know, man. For sure. Okay, brother. Well, thanks for the help. Have a great one, man. Have a safe one. Bye. Now, that was down 41, except 19, that's to please up one and a half telling me how to come right back. 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Think it's folks coming up next. Then I'm Amis DeVal. This happens to Steve Rhodes today. Right? We'll be back this afternoon. Thanks, pal. Thanks, man. Well, we'll get them, folks.