 boom. What's up money geeks Mr. V here welcome to another video guys so in today's video we are going to talk about affirm ticker symbol AFRM so this is a company that we've covered here on the channel as a matter of fact in the last month and a half I've done two videos on affirm and this is going to be the third one so there's some major news so that's why I want us to make sure that we cover here on the channel but before we get started guys if you're new to the channel we took about how to earn money how to save money how to invest and build wealth so if that's something that interests you go ahead and hit that subscribe button and the notification bell so you don't miss out on new content again guys if you guys remember the last month and a half I did a video here about affirm when they had some announcement that Apple was going to get into the buy now pay later business so I affirmed the stock took a beating and then like less than two weeks later news came out that Apple was going to partner with affirm outside the US specifically in Canada for buy now pay later the stock you know spiked up a little bit and then now there's news that again affirm is going to partner with Amazon which is crazy and the stock just skyrocketed so this is crazy but before we even jump into the news guys for those of you guys don't understand the business model for affirm basically affirm is a buy now pay later service obviously people use their credit cards where you can buy now pay later affirm it actually comes in and say there's no hidden fees or your fees are really minimal compared to credit cards so basically that's the service so for people that shop online you'll probably find is a really good service for for you to use so that is what they do as a business so here is the news Amazon partner to for buy now and pay later I think this is this is huge this is significant for affirm again if we jump right here and take a look at what happened to affirm right after hours you can see here the stock was trading somewhat about $67 and this news came out look at that it went up to a hundred and $3 that is ridiculous um as a matter of fact I missed out on this run guys which is um something for day trading I missed out on this run which I'm really really mad at myself so but again you remember last time affirm was at about a hundred and then when the bad news came out the apple was getting into the buy now pay later service affirm dropped and then now the reverse so it's like just going back and forth so this is this is I mean this is crazy so for if you or you already have affirm or you bought that dip this would probably be an awesome opportunity for you you probably made a ton of money off of that um if you were looking to get into this is probably not gonna be the good time for you because you're gonna be buying when it's up there over a hundred bucks that's not a good place to buy affirm and then if you were looking to day trade if you missed out on this after hour trade right here this squeeze from here all the way to 103 I'll say Monday morning I'm pretty sure this thing is gonna go test like 110 or so because this news came out after hour so a lot of people already have left the weekend and so probably didn't even see this news so come Monday morning when the market opens this is gonna be uh insanely crazy you're gonna see some chaos in the market people are gonna jump out I want to profit from this so you can see affirm easily on Monday go test like 115 again that's my personal speculation I plan on getting up early in the morning Monday morning and trading this one because I know there's gonna be a volume there's gonna be action so I'm gonna be trading it so again that's the reason why affirm pop so if you for those of you guys that are long-term holders of affirm that you bought the deep congrats this is a massive win if you're looking again to get in out so you just pump the brakes if you're looking to day trade first thing Monday morning jump into the stock and again the news here why the stock is moving is because affirm is going into a partnership with Amazon for buying out pay later service which is crazy so I mean it's just like it's just giving them a boost that they were badly in need of so again affirm as a business model it's pretty much buy now pay later the charge fees and some service fees that you would pay I'm not a big fan of the business model but I don't mind profiting from trading the stock or investing in the stock I currently don't have any long-term position in affirm and you guys know that very well on the channel but for trading it I am still going to continue to trick the stock as the opportunities arise so as you guys can see Monday morning is going to be chaotic because a lot of people left for the weekend already so these news came out people are going to get up and Monday morning they're going to want to get a piece of this so you're going to see this thing spike it can go to as high as 120 if we don't if you are watching Monday morning that's what that's my speculation so I'm going to be trading this early Monday morning for some quick profit to start my week and again as it's no guarantee that it's going to happen I'm telling you guys my strategy so I'm going to get up in the morning I'm going to look at the chart I'm going to look at volume I'm going to see what's happening then I'm going to trade the stock so that's my game plan so don't just jump in there and just buy the stock hoping I want you to buy it based on the fact that at least you see some catalyst or some stuff that's kind of pushing you to buy or to trade the stock so that again that's my personal approach let me know in the comment section what you guys think about this again if you have a firm long term this is great good for you guys you know for holding it and buying that the dip under under 60 bucks that was insane so that's a massive massive win again like I said I don't have any long-term position in a firm again if you're new to the channel guys we talk about how to earn money how to save money how to invest and build wealth so if there's something that interests you go ahead and hit that subscribe button and the notification bell so you don't miss out on new content also guys if you're looking to get started with investing Weibo has their promotion where if you sign up and deposit a hundred dollars you get free stocks links in the description and as always guys do your due diligence don't be a greedy savage stay motivated