 All right cyber traders welcome on back here this Wednesday May 12th shortly after 2 30 p.m. Eastern time It feels good to be back in the saddle here for this afternoon meeting Great to see all of us live inside the trading room Mike Ken laid at Debbie Renzo skip chuck all of our students live Who just gave me a quick sound check a moment ago? Great to see you guys and alongside them all of us in social media first and foremost for all this joining us in Facebook live And YouTube I have to start off right by saying I'm very sorry. I was out sick yesterday Can't really control those things necessarily but ended up taking the day off. I was feeling like total crap overnight I barely had anything to eat since Monday afternoon So we were hyping up our big workshop our traders talk workshop We typically host that inside our live trading room every Tuesday and with that in mind I'd mentioned to all of our traders live inside the cyber group room today that just based on the breakdown of the rest Of the week It's gonna be hard to squeeze in a full edition of traders talk for all this live inside cyber groups Stay tuned for Friday morning at 11 a.m I'll do a mini version of that for you guys there now for all of us on social media though Keep in mind just like the banner says I updated it coming up next Tuesday Aside from me potentially getting sick. I don't think I will I've really gotten sick in quite a while But coming up May 18th, we will be kind of a rescheduling that special workshop traders talk We typically do that maybe two or three times across the calendar year for free for you folks on social media So again, I really apologize We were supposed to do that just yesterday and for all this live inside the trading room like John Kathleen Michael Ken We'll be doing a mini version of that at least coming up this Friday on the 14th But stay tuned again for all of us in social media. We'll be doing the full Edition of that coming up again coming up on May 18th. All right, so with that said, let's begin with the AUTL It's kind of still near the highs here heading into the afternoon So I don't mind just like putting this on our main list to begin I wasn't really expecting to trade a whole lot because of a me being sick and then also bi There wasn't a whole lot in pre-market that really caught my eye Early in the morning. I thought that we'd have more of a down day today I ended up missing a couple of shorts on pl tr ended up doing well on a couple of other trades So for what it's worth. I don't want to give back the profits that I have right now Just to begin this AUTL I'll just put this on our list but they're being still near the highs You know the volume kind of dived off a bit over the last 10 15 minutes But you know still if it could make a higher low from here push back up and rebreat perhaps over like 680 ish 682 last little peak there. Perhaps we could see it make the higher high up to seven So, you know, we'll check back in with it even by the end But we'll definitely put this on our main list just to begin All right So what we'll do folks really is just go from top to bottom no class coming up this afternoon But really no simpler way to begin by just starting off number one CRIS up 60% ended up making a huge squeeze up I got got halted on the way up reopened up like two bucks higher And yeah, I mean for right now I'd only expect this to drop off if it hasn't ran up higher just yet I would only expect this over time to pull back with profit taken That tight range there for the meantime, so, you know, it's not close to the highs I'm not really too keen on putting that on our main list The wisa trade wisa wisa however, however, may you may pronounce it ended up making a wacky pop Going into the early afternoon from like 310 all the way up towards just over four In a little second squeeze up here perhaps from 340 up to 360 ish But again, I'm not really too too keen on it just yet You know with the markets dropping off I'd assume to find a lot more on the losers, you know on the on the losers list And alongside that you could see clearly an etf like uv x y alongside uv x y I would also assume v x x making the same type of move So for anyone that really does well in the etfs, then I'll you know highlight this for you folks uv x y and v x x these are symbols that practically move against how the markets and the major indices are performing It's the vix etf. So it's the like the fear slash volatility index It's called so it's typically where you see the the s and p in the dow drop off. This makes the inverse type of move All right, I shouldn't have even clicked this one just super low volume across the day not I mean I guess making a little squeeze there but The pass brn same thing nice move from earlier ended up diving back down a bit Just not a whole lot really going on right now This eyes trade was pretty nice to us early on today ended up taking a while for it to load up But ended up, you know beginning to make that eventual squeeze ended up breaking above It's opening bell print price right off 591 and ended up running up nicely from there You know, we're pretty familiar with this trade. So thankfully this one wasn't really too surprising for us to uh Anticipate a run up, you know, just look what happened dating back to early march ended up taking off practically from three all the way Up to over 20 in just a couple days. So, you know, I always say this even if we can get a fraction of that type of move I'll take it So, you know, it took a while But once this ended up making its run, we were able to anticipate a bigger pop a squeeze not to take like five or eight Cents on the trade, you know make like 30 40 50 cents and still after I got out on this I left money on the table I got out. I think it was right off 650 on the pop but ended up making the squeeze back up higher I didn't jump back in but Could have been a further move and maybe keep it on your side list for remainder of the week for tomorrow and friday Etc if it holds strong at least heading into the close Right now it dropped off too much. So for for today, I don't expect it's like break new highs But we'll check in with it come tomorrow Ah, how about this the n er v trade? I know the falso called this out like during like late morning Early afternoon. It wasn't doing a whole lot. But what he called out was a huge iceberg order that was on the bid I think the price was maybe like 263 or 265. I forgot the exact time But it was when it was like kind of consolidating. I think even here at this point I'll look at it now ended up making a bit of a squeeze up so far Uh, you know, I think for so much volume that it's traded across the day Maybe I'll check back in with it at the end. You know, I'll put this on the side It's like a nice level in stock, you know tight spread great liquidity as a new student You can't lose too much on this trade unless if you hold on way too long But you know, aside from the the the shake down it really has been pretty tempered since All right, so we'll check back in with that at the end. We got the vixx etf here vixi another one RIGL ended up making a nice squeeze from earlier today A second type of squeeze here bouncing from roughly 365 upwards to 380 here You know nice move again. I'd call it a level one. Maybe a level two stock You know, definitely low risk unless if you're holding on way longer than you need to but Uh, yeah, I'll check back in with this at the end Just when we're in a down market unless if we're really seeing the squeeze up live in this meeting I'm just less keen on putting stocks on our list anticipating a big pop or move back up I know this is a pharma stock. So it's not necessarily as influenced by what, you know The s&p is doing as much but ended up making a nice pop from earlier today. Maybe we'll check back in with this at the end All right, I'll tell you I'm in one trade. I'm monitoring it right now. I didn't tell you this before I will jump to it in just a second. I feel obligated to do it because well it's regarding bitcoin So I think that you folks know what I'm talking about there one or two stocks Maybe you can guess but let's go right down to the loser's list here a rry I know ken's been cleaning up on the short today hard to borrow on trade station But you could always check with your broker if not trade station Then your own broker see if you can get the shares, you know early bird gets the money Early bird gets the shares at the same time ended up making a steep drop off practically as soon as the market opened up And it's at the lows right now if you could short this stock It's still in play and then otherwise, you know, should we see a potential dead cat bounce then? No, I know all of us would be able to take that opportunity at least so Yeah, the arry stock. I mean, I remember trading the stock Oh, no, I'm mixing this up with another with another symbol But ary we're familiar with just over the years. We ended up trading this stock I always mix this up with arrowhead arwr a lot more expensive I was like, there's no way that ary was 65 dollars 90 dollars back like, you know, a year ago That would have been a huge drop but And getting back to this year going into the close here with this near the lows at least perhaps there's continuation on the way down Otherwise considering the range that the stock has made today down over 40 percent You know, if it doesn't break lower, maybe we'll get our squeeze going into the final hour here All right, let's see what else we got f t c i not a whole lot really happening there pretty low volume per minute Same thing with this. It's at the lows, but doesn't always mean we're going to put it on our watch list I think arry is just trading a lot of volume. I like that even more amtx here though peaks my interest broke lower going into two o'clock to 15 eastern time Looks like a bigger spike of volume I mean not as big as what we had at noon or whatnot, but the biggest since like right here 224 Let's see 966 looks like a lot of prints filled right off 966 on the bid Yeah, it makes sense right there at that right there at that time ended up just kind of Breaking below that price right back above it. You could see generally it's been holding right over that 966 since and Squeezing up nice little tape reading example there check in with us coming into next week for all of us on social media We'll be doing more of that in our traders talk workshop Uh, you know, hey squeezing up right now. It's down big. It is shortable if it goes the other way and continues down So I don't mind slipping this on our list here. It's amtx stock It's taking a huge hit really over the last like week seems like 20 all the way down Feel like a dead cap balance would be possible at some point Uh, let's see light here shortable on trade station. Just pretty expensive rvlv Not a whole lot to really right home there I think that just about does it folks. I mean, I'm obviously still going down the loser's list, but Unless if there's anything you see that's making a really sharp move with the market I obviously I obviously have to get to my trade and tell you what I'm looking at here At least myself the stock that I'm in and I'll bring up my bitcoin chart with that in just a second So from nick on youtube he's saying short ocgm I was going to get to that here as I eventually came to ocgm. He says admittedly it's slow moving. Yeah, it is But it's near the low of the day, right? So it's down big. It's a stock. We're all pretty familiar with Stock. I'm definitely familiar with myself Either way, I mean it has great spread great liquidity It's starting to bounce right now kind of like that amtx trade not as if they're trading the exact same But just saying, you know, it's near the lows. I don't mind giving this a look Put this on our list All right, so if you looked on the losers list here Let's see. Where was it? Where are we here? I got to go down. So you got ocgm number 38 Number 37 maher is the stock I'm in right now and I'm actually in practically break even I'm in right at 23 And in fact, this didn't really break higher just yet So I'm a little concerned about this snapping lower as we speak. I was looking good just a moment ago I'm in right from 23. I have a stop set, you know, right below 2290 Actually bitcoin starting to fall off quite a little bit here over the last 10 10 or so minutes Let me just pull up my bitcoin chart. I may dump out of this trade actually live right now So this is my bitcoin chart actually a 15 minute chart I always tend to show the one hour and the six hour to get a longer scale view But I was going to go into this meeting telling you hey bitcoin is you know made a little bit of a bounce back up here Well, here we go. Here's two o'clock. Here's 215. Here's 230 So bitcoin itself has been steeply dropping off And with that it wouldn't shock me if my maritrade ends up diving lower first Um, yeah, you know what? I'm just going to back out on that right now I closed that practically break even 2299 I closed out at and if I'm wrong if it ends up moving back up Then so be it but I just closed right on the nose at 99 I'll re-enter this trade if it ends up making a bounce back up, but pretty interesting at least there I was up. I was up about 15 cents. I wanted a lot more, you know, typically going into the afternoons Mara and riot they typically don't run in their respective directions that they've already made Going into into the final hour We've seen at times them, you know, continue in their in their direction But not like run like make the big ran move that you would want to see, you know from like a stock like a utl That's near the highs we would want to see a dollar pop on that into the close You know seem to be said with stocks like mara and riot We just never see it more often than not for a stock like mara or riot with it near the low of the day Or at the high of the day they typically reverse So, you know, maybe I'll check back in with this coming up in the next 10 15 minutes I'm actually going to put this on our list here at this point Either way, I'm still looking more for a dead cat bounce and a squeeze up But if bitcoin keeps diving off then I'm not going to try and catch a falling knife All right, so uh folks, let me know if there's anything else up down left right more than like 10 more than 5% I'll go with uh that I didn't really look at that you that you would want me to take a look at here Going into the afternoon Happy I made that decision right here. I'm Mara Uh, oh got one from benzinga pro really quick actually got nikola at the high of the day So in a down market not everything is dropping off nikola is you know up 5% So yes, it's just breaking above that barrier there, you know, it's at the highs Especially if we get a bounce in the market, perhaps we'll see this stock squeeze up higher You know even further, you know, we saw a lot of different ev stocks move up nicely this morning li is another uh not as strong now compared to nikola But ended up making a nice move So, you know for the meantime nikola, I don't mind slipping on our main list here still looks really strong on the way up I'm really happy. I got out on mara right when I did That is a sinking ship right now folks Got an order on the bid at 2280. I'd called that out before just much earlier in the day But you know, again, I'm not going to catch a falling knife I'm gonna wait for it to come to me or You know wait for it to break under then over then try and jump in from there Watch bitcoin of course alongside that the s&p the spy, you know the etf here on my five minute chart All right, folks. I think that just about does it for me here I don't see any other stocks on our chat board or from youtuber facebook live For all of us in social media again for anyone joining late. I always said I said to start the meeting I apologize. I was out sick yesterday I know that we had our big hyped up traders talk workshop simul casting live on social media set for yesterday We'll be doing that next week just like the banner says below Uh and again just to make sure to know when we're going live when we're not make sure that you like subscribe But more so hit the notification icon when you're on youtube That will tell you when we're going live or not going into next tuesday on the 18th there All right, so for all of us on the trading room side ken michael cathleen john I'm going to post and tweet the pics right now and then from there I'll be back on the mic myself right at 330 taking you into the market close. Take care