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Speaker 2: I want to talk about Twitter and Square to start
Speaker 2: the show off. So we've been talking about Square for
Speaker 2: the last couple of weeks. Today Jack Dorsey news broke
Speaker 2: that Jack Dorsey is stepping down as CEO of Square,
Speaker 2: So a, what does that mean? And now is it
Speaker 2: is it time to buy Square?
Speaker 3: How fitting was it that he put it out in
Speaker 3: that tweek? Hey, I heard there was news that I'm leaving.
Speaker 3: I am can't tank the stock. You gotta leave on
Speaker 3: good terms. You know, short answers. I've been telling you guys,
Speaker 3: Squares the new JP Morgan all year. Interesting fact that
Speaker 3: I was listening.
Speaker 4: To Josh Brown early on CNBC and he was like
Speaker 4: when he took over CEO, the stock prices at forty
Speaker 4: five eight years ago today it was at forty five bucks.
Speaker 4: There is no competitive eventage that Twitter has over Facebook, Instagram, TikTok, Snapchat,
Speaker 4: tender bumble, YouTube, which is part social media. I told you, guys,
Speaker 4: see a couple of weeks ago, you see that crystal
Speaker 4: ball going real bright, that he was either going to
Speaker 4: have to merge them or leave and just run one.
Speaker 4: Square would be the obvious pick. The value is a
Speaker 4: hell of a lot better. And because of course how
Speaker 4: valuable bitcoin and crypto is going, he picked a better
Speaker 4: player of the two. That's why I'll tell you guys
Speaker 4: like you need a competitive advantage in the business for
Speaker 4: it to be viable for you to put all your
Speaker 4: time in energy.
Speaker 2: And a let me just let me just correction. He
Speaker 2: stepped down from two, not square, Twitter, Twitt me, just
Speaker 2: let me just correct.
Speaker 5: I thought that's what you said.
Speaker 2: I said, I said square.
Speaker 4: Okay, I'm sorry I had you befuddled by my anger.
Speaker 4: I'm good, pineapple juice some straight. I'm not gonna go
Speaker 4: off the rails. Shout out to l I. I got
Speaker 4: it together. I got the purple in the backfield.
Speaker 5: See you all pro But square is made.
Speaker 4: I've been telling you guys, forever, and even when PayPal
Speaker 4: dropped first, you were like, hey, is Square.
Speaker 5: Gonna Square is going to rebound fast. It's a better company.
Speaker 4: Hold Square for the next five years and you will
Speaker 4: be a Okay, I promise you.
Speaker 5: Yeah, I mean you want to.
Speaker 3: So the stock open in twenty thirteen at forty one dollars.
Speaker 3: It's now at forty five dollars, so you're talking eight
Speaker 3: years and the stock is I mean, it hasn't made
Speaker 3: any money, right, So if you've had that stock the
Speaker 3: entire time, you've gained pretty much nothing. So they just
Speaker 3: can't figure out a way. They have a large user base,
Speaker 3: they have the biggest, one of the biggest voices in
Speaker 3: social media, especially during the presidential but they just didn't
Speaker 3: have the money.
Speaker 5: So people were like, hey, well he's leaving Twitter. He'll
Speaker 5: have more.
Speaker 3: Time for Square, right, more time for Square needs more
Speaker 3: time for Bitcoin, which he said is if he wasn't
Speaker 3: doing either, that's what he would spending his time. So
Speaker 3: the rioting's been on the wall, right, So I'm gonna
Speaker 3: take you down the timeline right of how they've been.
Speaker 3: He's been heading this thing on the whole time. So
Speaker 3: in twenty eighteen, Cash app, which is owned by Square,
Speaker 3: starts allowing users to buy and sell bitcoin. In July,
Speaker 3: they created a new business dedicated to building decentralized finance.
Speaker 3: They called it Said to Be Determined, Right was TBD
Speaker 3: That was the name of it, right, So was so
Speaker 3: focused was making it an easy, permissionless decentralized financial services.
Speaker 5: That's in July.
Speaker 3: In October, right, they jumped into the bigcoin mining business. Okay,
Speaker 3: so there's been signs this whole time. They actually created
Speaker 3: a white paper for TBD e X. The next news
Speaker 3: that they broke I think that was early this month,
Speaker 3: is that they're creating a hardware wallet.
Speaker 5: I'm like, Okay, you see where his focus is writing
Speaker 5: at at all? Right, Like the writing has been on
Speaker 5: the wall.
Speaker 3: So if you were thinking, hey, I wonder if he's
Speaker 3: going to focus on bitcoin now.
Speaker 5: And he has Square, so he's going to focus on that.
Speaker 3: They've been putting these signs out there the entire Yeah,
Speaker 3: even the deal on the beach. I'll just say that
Speaker 3: I was going, I was just going to when you
Speaker 3: would like, I'm like, yo, Jay is with Jack Dorsey.
Speaker 3: Something's happening, right, And then we sold the title deal
Speaker 3: and you broke it down eloquently.
Speaker 5: I'm like, oh man, here it comes. And so we've
Speaker 5: been saying Square And if.
Speaker 3: You were in if you were in the Apollo Theater
Speaker 3: on Friday night, I put up on a jumbo tron.
Speaker 5: We're gonna go with that.
Speaker 3: We're going with that, a big screen. When you looked
Speaker 3: at the call that I had, it was what company Square?
Speaker 5: Why?
Speaker 3: Because as we believe in it, and I told you
Speaker 3: my brother Ian has been saying it and I agree
Speaker 3: with him. And we told you exactly where I was
Speaker 3: going to get it at and how I was looking
Speaker 3: at it.
Speaker 5: The news breaks today, be ready, y'all.
Speaker 2: I spoke about Square on Kenny Burns. Shot to my
Speaker 2: brother Kenny Burns. Yeah, shots, Kenny Burns. We spoke about
Speaker 2: Square today on Kenny brn Shaw because I knew it
Speaker 2: was a trending topic, and we spoke about it, you know,
Speaker 2: several different times on market Monday. So yeah, it's been
Speaker 2: co Soliday. We said this before, but it's been consolidating
Speaker 2: and it is twenty five percent off of it's fifty
Speaker 2: two week high.
Speaker 5: No way like that.
Speaker 2: So b be very mindful of Square if you're interested
Speaker 2: in it. Of course, through your research, understand what you're
Speaker 2: investing in before you invest.
Speaker 5: But can we talk about two.
Speaker 4: Or four one or the two areas to get in you,
Speaker 4: guys would be good if I made money?
Speaker 5: Put yes and chat my.
Speaker 3: My dms have been getting flooded. They're yo, Troy, look
Speaker 3: at Disney, Look at Disney, Look at Disney. Right, And
Speaker 3: I'm like, guys, I think you might be confusing with
Speaker 3: the day trader.
Speaker 5: Right.
Speaker 3: My main focus of even speaking on Friday was to
Speaker 3: tell you that the market pays those who were patient. Right,
Speaker 3: if that was our number when we said one sixty,
Speaker 3: if I see that one forty three shot.
Speaker 5: He talks about it all the time. What we're gonna do.
Speaker 5: We're gonna average down there, low and behold and low
Speaker 5: and behold.
Speaker 3: There's this guy on CNBC who has a stock club
Speaker 3: now who decides to put Disney as his pick going
Speaker 3: forward because shouts of Jim Crave for sure.
Speaker 5: Uh, he put it at his pick.
Speaker 3: He told his whole club, look, Disney, if you if
Speaker 3: you're selling it now, your short vision on it.
Speaker 5: Right.
Speaker 3: It's kind of one of these companies where and we
Speaker 3: know what the new variant, right, we can see things
Speaker 3: flipping around and people will concern. But Disney ran up
Speaker 3: during the pandemic because of extreaming service. Right, so when
Speaker 3: if things open up, and at some point they obviously will,
Speaker 3: they already they're ready.
Speaker 5: They're already set up to succeed. Right.
Speaker 3: They got a whole new cruise line there. They've already
Speaker 3: announced with twenty twenty two. I think ninety two percent
Speaker 3: of the missions already sold out.
Speaker 5: They're primed to have a nice little run and come
Speaker 5: back to shou out to everybody that was in there.
Speaker 5: You don't have to keep dming me. I see it.
Speaker 5: Y'all out to me.
Speaker 2: Yeah, shout out to Mickey and Minnie.
Speaker 5: Disney said, shout out to me.
Speaker 4: I'm like, I'm on energy tonight. We can do that,
Speaker 4: Disney one seven h How take Disney needs to get
Speaker 4: rid of some of those amusement parks and probably go
Speaker 4: down to one, probably the one in Florida.
Speaker 5: I know, everybody.
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Speaker 6: An illegal alien from Guatemala charged with raping a child
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Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 6: crossings are at the lowest levels ever recorded, and over
Speaker 6: one hundred thousand illegal aliens have been arrested. If you
Speaker 6: were here illegally, you're next. You will be fine nearly
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Speaker 4: Be protected sponsored by the United States Department at Homeland Security.
Speaker 4: Go to disagree again, somebody else has said, but I'm
Speaker 4: telling you now, if they get rid of that and
Speaker 4: focus more extreamly, they'll be a okay, hold it for
Speaker 4: long term, you guys will be good.
Speaker 2: Let's go into this because obviously the Apollo was the
Speaker 2: hardest ticket to get.
Speaker 5: You to stop hub R.
Speaker 2: We didn't make it to stop hub. They was actually
Speaker 2: selling tickets on in the after market market.
Speaker 5: Yo, now going.
Speaker 3: I heard an offer, no joke, I heard an offer
Speaker 3: like yo, I'll tell you six hundred right now for
Speaker 3: a ticket.
Speaker 2: Yeah, I definitely saw it. Tickets on stuff of about
Speaker 2: three fifty four hundred. We made it, you know, my
Speaker 2: model pretty gotcha. So, so what are some of the
Speaker 2: biggest lessons A few, you know, obviously we can't go
Speaker 2: through the whole show, but what are some of the
Speaker 2: biggest lessons from the Apollo for people that were not
Speaker 2: able to attend.
Speaker 3: I'll start because mine is very quick, and then I'll
Speaker 3: share something really good. And I said it earlier. The
Speaker 3: market pays those who are patient, and I went into
Speaker 3: a detailed story of how it can do that. And
Speaker 3: so again when we're talking about Disney these other we're
Speaker 3: not I'm not trading that on a daily basis. What
Speaker 3: I'm really doing is creating a foundation for my children
Speaker 3: and their children going forward. Right, we're going to hold
Speaker 3: these stocks, And I know Ian says five to twenty years,
Speaker 3: but I'm like, look, my kids should be living past
Speaker 3: twenty years, and so I want to make sure they're okay.
Speaker 5: And I want to give a huge shout out to Tailor.
Speaker 5: Shout out to Tailor child to Chuck.
Speaker 3: He called me today and he was like, look, I
Speaker 3: heard what you said when I came over and you
Speaker 3: were teaching me how to invest, and he said, I
Speaker 3: was down. I was down like a couple thousand dollars,
Speaker 3: but I kept hearing you said, look to the script.
Speaker 5: The script.
Speaker 3: Today he called me said, look, my account is up
Speaker 3: one hundred and fifty percent. I said, look, that's what
Speaker 3: I was preaching.
Speaker 5: Man.
Speaker 3: The market will pay those who was patient if you
Speaker 3: make the right investment, if you do the research, you
Speaker 3: study your fundamentals and your technicals. Trust what you do.
Speaker 3: That is the problem. I made that mistake early in investment.
Speaker 3: I didn't trust what I was doing. I felt a
Speaker 3: little unsure because there was nobody around me doing some
Speaker 3: of the investments I was doing. We now have a
Speaker 3: community of people who have a similar vision who can
Speaker 3: actually give you feedback and actually give you pointers on
Speaker 3: how to invest and not confirm, but will give you
Speaker 3: guidance when you're unsure. And so shout out to everybody
Speaker 3: in this community and others. But trust your research and
Speaker 3: please be patient with your investments.
Speaker 4: Absolutely, absolutely, Shody was your biggest sect way sty ready
Speaker 4: go stuff for six hundred boy, y'all better.
Speaker 5: Not let me do the pricing.
Speaker 2: Listen, you know, of course I talked about the Rashad
Speaker 2: ten twenty thirty rule. I have decided to coin.
Speaker 5: I have decided to coin, yea, I have Why not?
Speaker 1: Yo?
Speaker 5: Yo? When I saw that tweet, I'm like, well, shot said,
Speaker 5: I'm like what why not? Why? Yeah? But nah, I
Speaker 5: think it was dope because I'm like, don't gloss over that.
Speaker 3: I think that's a great way for people who don't
Speaker 3: really know how to invest, beginner.
Speaker 5: It's like that's pretty simplified, right.
Speaker 2: Yeah, the tenth. The Rashads ten twenty thirty rule is
Speaker 2: if a stock is at its all time I look
Speaker 2: for ten percent drop as a decent buying price, twenty
Speaker 2: percent drop as a good prior in price, and thirty
Speaker 2: percent drop as an excellent buying price, and then you
Speaker 2: can dollar cost down. If you're not one hundred percent
Speaker 2: confident in the situation, you can always dollar costs down
Speaker 2: into a position as long as it's a good position.
Speaker 2: Because your dollar costs down into like doge coin, you
Speaker 2: beat dollar cost averaging down.
Speaker 4: So he only knows about stalks. I just want to
Speaker 4: make y'all rich man. Also, if y'all just listen to me,
Speaker 4: got to be straight.
Speaker 2: Man, don't don't dollar cost average. And for anybody that's
Speaker 2: not familiar with dollar cost averaging down is AMD is
Speaker 2: a perfect example of that. Right. So I had I
Speaker 2: have an a M D option and I was down
Speaker 2: fifty percent, and it was pretty It wasn't a little
Speaker 2: bit of money a substantial amount of money a couple
Speaker 2: of months ago, but from looking at the charts knowing
Speaker 2: that it was moving sideways for about six months, it
Speaker 2: was consolidated. From understanding you know that there's a chip shortage.
Speaker 2: From understanding that AMB has a strong history, I still
Speaker 2: had confidence even though I was down fifty percent. So
Speaker 2: what did I do. I doubled my my position. I
Speaker 2: added more money, substantial add a substantial amount of money more.
Speaker 5: Good.
Speaker 2: Today I'm up three hundred percent on that position. So
Speaker 2: that's what that's. So when you dollar costs down, it
Speaker 2: by it brings your buy in price lower. So you
Speaker 2: can do that with just regular stock. You can do
Speaker 2: that with options. But you know that's that's what we
Speaker 2: mean by dollar cost averaging downwards. So if you are
Speaker 2: invested in a strong company that you believe in and
Speaker 2: you're down, it's not the end of the world. Don't panic.
Speaker 2: It might actually be if it's yeah, only if it's good.
Speaker 2: If it's good, it's good.
Speaker 4: By a terrible company underneath fifty dollars and think that
Speaker 4: everything is going to be Okay, go google what Martin
Speaker 4: Galen is. It is the same thing. But you should
Speaker 4: not average down more than twice.
Speaker 5: Yeah, it's not good.
Speaker 2: And I asked other people's the opinion. I definitely asked
Speaker 2: Ian his opinion. I talk to Troy every day, so
Speaker 2: I always ask Troy his opinion and I'm not you know,
Speaker 2: I don't have a high level of pride when it
Speaker 2: comes to that. I don't want to know other people.
Speaker 2: I'll talk to trap if I you know anybody, Jamal, anybody.
Speaker 2: I ask people though, so you know, yeah, it's good
Speaker 2: to have good resources and good friends. So yeah, that's
Speaker 2: that's dollar cost down. And then I spoke about rob.
Speaker 2: I want to talk about that now, Yeah that was
Speaker 2: that was that was a nuclear weapon. I just want
Speaker 2: to say that I did speak about it.
Speaker 5: Okay, don't plan it.
Speaker 2: So yeah, maybe later on we'll talk about that. But Ian,
Speaker 2: what was it for you?
Speaker 4: A couple of lessons if I can do two. One
Speaker 4: kudos to I got prom from dream Team. I marry
Speaker 4: your target. So for those of you that are trading,
Speaker 4: you have to pick one target and stick to it
Speaker 4: for four years, no matter what. If you're gonna stick
Speaker 4: with one target for four years, please for four years
Speaker 4: and chat. And one that I said that I wasn't
Speaker 4: going to give up. That we talked about Saturday at
Speaker 4: the VIP day. If you guys truly want to know
Speaker 4: how to study the volume in the market, for all
Speaker 4: of you that are like videographers, and if you have.
Speaker 5: Drowns if you are in the major city.
Speaker 4: It's a hell of a tip I gave go use
Speaker 4: your drone over the highways and major cities for thirty
Speaker 4: days and look at when traffic slows down, look at
Speaker 4: when it speeds up, and then compare that over the
Speaker 4: S and.
Speaker 5: P five hundred and NASDAK.
Speaker 4: You're going to see the same parallels over and over again,
Speaker 4: and that'll tell you the gaps in time, when to
Speaker 4: get into the market, when to get out, and then
Speaker 4: when the volume actually draws up.
Speaker 5: Different level of excellence.
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