WEBVTT - Cliff Notes: Biden’s Crack Down on Tech Stocks

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<v Speaker 2>Here to top fifteen, hold is of the rust of

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<v Speaker 2>two thousand, which is a growth sector in my opinion.

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<v Speaker 3>And let's look at some of the stocks in that

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<v Speaker 3>top fifteen. All right.

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<v Speaker 2>First off, we have AMC on the ruster of two thousand.

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<v Speaker 2>You can see it is above this two hundred day

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<v Speaker 2>moving average amazing. If it ever drops back down to

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<v Speaker 2>like twelve eighty three, that'd be a solid place to

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<v Speaker 2>get in. You don't want to chase solid company, solid

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<v Speaker 2>return great. You don't want to chase at bad prices.

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<v Speaker 2>Look to hold for the long term if you're going

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<v Speaker 2>to be in it, et cetera, et cetera. Let's go

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<v Speaker 2>to plug. Let's go to the next one, PUG, you

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<v Speaker 2>can see the same thing. You don't want to chase.

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<v Speaker 2>Please put in chat. Don't chase based on so the

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<v Speaker 2>two hundred is down here at five to twenty five.

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<v Speaker 2>The yearly open was at thirty four sixty four, right,

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<v Speaker 2>so you don't want to chase. Anybody who got in

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<v Speaker 2>in the seventies are screaming right now.

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<v Speaker 3>Please put this in chat.

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<v Speaker 2>It's all about the price in which you are able

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<v Speaker 2>to enter, because.

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<v Speaker 3>You could have a great.

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<v Speaker 2>Momentum movement based stock like this. But if you waited

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<v Speaker 2>six or seven months to get into it and then

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<v Speaker 2>you finally got in at fifty seven, it was not

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<v Speaker 2>the ideal time to get into that stock. Get in

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<v Speaker 2>at prices that will put you at a advantage that

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<v Speaker 2>most people will.

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<v Speaker 3>Not and talk about fomo.

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<v Speaker 2>If there's one stock I wish I would have called

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<v Speaker 2>last year, it would have been Ovovacs. If you look

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<v Speaker 2>here in March, it was at nine dollars in one cent.

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<v Speaker 2>Two hundred day, it was at ninety three fifty three,

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<v Speaker 2>It ran up to three thirty one, and it almost

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<v Speaker 2>dropped back down to this Yearly open at what is

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<v Speaker 2>this price? One twelve ninety two. It was there for

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<v Speaker 2>a brief moment. I didn't have my alert set. So

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<v Speaker 2>that's a great lesson for you, so you don't make

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<v Speaker 2>the same mistakes. Set your alert if there's a price.

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<v Speaker 3>On what you want to get in.

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<v Speaker 2>And then you can see one from one twelve to

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<v Speaker 2>three thirty one, came back down, almost touched it again

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<v Speaker 2>this at one eighty eight. So and this is why

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<v Speaker 2>when you go back and study history, you can see

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<v Speaker 2>going back to nineteen ninety five, Novovek historically has done

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<v Speaker 2>these kind of big booms and bus right. So back

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<v Speaker 2>in ninety six it got to one sixty six sixty

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<v Speaker 2>two and then fell apart. And two thousand, two forty

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<v Speaker 2>eight was a high and it came down to eighty

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<v Speaker 2>nine dollars and fifty five cent.

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<v Speaker 3>But look at these historical moments.

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<v Speaker 2>In two thousand got to a high of three eleven,

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<v Speaker 2>and then it fell all the way down to thirty

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<v Speaker 2>three dollars and thirty seven cent and then it had

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<v Speaker 2>a couple small mountaintops here. But the next time this

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<v Speaker 2>happened was in twenty fifteen. I remember this move went

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<v Speaker 2>to three hundred, and then before twenty sixteen kit came

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<v Speaker 2>in it fell to twenty two dollars forty three. The

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<v Speaker 2>homework that I want you to do on novavax is

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<v Speaker 2>once it falls eighty percent or seventy percent, how long

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<v Speaker 2>does it take to go back up? So we had

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<v Speaker 2>a big boom in two thousand. We then had another

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<v Speaker 2>one in twenty fifteen, and then again in twenty twenty one.

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<v Speaker 2>Please take advantage. And then for those of you that

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<v Speaker 2>love support and resistance, you can kind of see the

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<v Speaker 2>areas one seventy one fifty nine is a secondary resistance area.

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<v Speaker 2>So in two thousand and two, two thousand and five,

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<v Speaker 2>two thousand and nine, it hit those levels over and

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<v Speaker 2>over again and then fell apart, followed by the big

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<v Speaker 2>mountain moves up to three hundred. And you can see

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<v Speaker 2>here if we look at this level here at two

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<v Speaker 2>eighty two ninety six, and normally does not sustain that price.

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<v Speaker 2>Once it gets in that area or that zone, it

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<v Speaker 2>starts to fall apart. Next week, I'm going to do

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<v Speaker 2>a full breakdown on what are called buy and sell boxes,

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<v Speaker 2>but this is an example. So I will go across

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<v Speaker 2>this entire screen and I will mark off this area,

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<v Speaker 2>double click it. I would change this color to red,

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<v Speaker 2>and then I would know as soon as I look

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<v Speaker 2>at the chart what that looks like.

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<v Speaker 3>Pink. Let me make it red.

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<v Speaker 2>Okay, great, make it red, and I know as soon

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<v Speaker 2>as it goes up to these levels it does not

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<v Speaker 2>sustain these wicks or these thin lines right here. That

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<v Speaker 2>is an indication that the price went there. But because

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<v Speaker 2>it's thin, the prices were not able to be sustained

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<v Speaker 2>long term. So you can see anytime we got into

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<v Speaker 2>this red zone, they were not able to hold their price.

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<v Speaker 3>Does that make sense? Yes or no?

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<v Speaker 2>And then also there are buy areas or buy zones

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<v Speaker 2>that you should mark off, but I'll go over that

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<v Speaker 2>full speaking through the Russo this is the notorious gm ME.

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<v Speaker 2>We've talked about this one enough. Let's go to rh.

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<v Speaker 3>Great. We've seen this from breakup to the upside tremendously.

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<v Speaker 2>Once again, Yearly Open four forty eight, and yes the

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<v Speaker 2>price is.

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<v Speaker 3>High, but you want to pay for quality.

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<v Speaker 2>Four forty eight. Forty four was a great entry for it.

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<v Speaker 2>The low of that was four to twelve and it

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<v Speaker 2>went to seven thirteen. If you're not using the Yearly Open,

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<v Speaker 2>you please, please, please please, I'm begging you to put

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<v Speaker 2>it on your chart. Let's look the pen something that

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<v Speaker 2>Troy's talked about in addition to DraftKings. We can look

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<v Speaker 2>at that. You can see that they had a nice

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<v Speaker 2>movement up. They are then starting to break down. If

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<v Speaker 2>it gets down to this two hundred day moving average

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<v Speaker 2>of twenty five oh one could be a great place

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<v Speaker 2>to enter. Secondary entry could be at the eighty five

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<v Speaker 2>twenty six area. For those of you that are not

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<v Speaker 2>using the seventy two or the one hundred arounding out

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<v Speaker 2>this list is ntla intele Therapeutics had a hell of

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<v Speaker 2>a push up.

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<v Speaker 3>Let's look at sun Run.

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<v Speaker 2>And then you also want to go back since inception

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<v Speaker 2>to see if the stock is good. So let's look

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<v Speaker 2>at COF and this is the reason why you want

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<v Speaker 2>to go back since inception.

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<v Speaker 3>So the five of you chart.

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<v Speaker 4>This episode is brought to you by P and C Bank.

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<v Speaker 5>Coach, the energy out there felt different. What changed for

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<v Speaker 5>the team today?

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<v Speaker 6>It was the new game day scratches from the California

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<v Speaker 6>Lottery player is everything. Those games sent the team's energy

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<v Speaker 6>through the roof.

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<v Speaker 5>Are you saying it was the off field play that

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<v Speaker 5>made the difference on the field.

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<v Speaker 6>Hey, little play makes your day, and today it made

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<v Speaker 6>the game that's off of now, Coach.

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<v Speaker 2>One more question.

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<v Speaker 5>Played the new Los Angeles Chargers, San Francisco forty nine

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<v Speaker 5>Ers and Los Angeles Ram Scratchers from the California Lottery.

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<v Speaker 5>A little play can make your day. Peace made responsibly

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<v Speaker 5>must be eighteen years or older to purchase plate or claim.

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<v Speaker 3>Looks pretty smooth, right.

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<v Speaker 2>The previous top of it was what twenty seventeen twelve

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<v Speaker 2>dollars from twenty two cent went down to two sixty three. Great,

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<v Speaker 2>it's at twenty three bucks now. But when you go

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<v Speaker 2>back in zoom since the very beginning, this is what

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<v Speaker 2>you will see. In your opinion, does this look like

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<v Speaker 2>a good stock? Previous highs one twenty one ninety five

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<v Speaker 2>fell all the way down about a year and a

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<v Speaker 2>half later to eleven dollars and eighty one cent. Everyone's

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<v Speaker 2>that they can live through a draw down like this,

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<v Speaker 2>but most can't. Great, all my technicians, you can kind

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<v Speaker 2>of see it broke down again, came down of thirty

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<v Speaker 2>one to thirty two bucks, and it's just barely crossing

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<v Speaker 2>above the two hundred day moving average.

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<v Speaker 3>Now it is to the upside. But when a.

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<v Speaker 2>Stock historically falls like this, the probability of it going

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<v Speaker 2>from here, say fourteen eighty nine, to getting back to

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<v Speaker 2>this mountain top of one or two is very low.

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<v Speaker 2>This is why you need to go look at since

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<v Speaker 2>inception to see if the stock is truly remarkable. Daer,

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<v Speaker 2>on the other hand, tells another story top and fell

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<v Speaker 2>down to and that's why say building in the base

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<v Speaker 2>is good. And it hit this two hundred, fell apart,

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<v Speaker 2>and it's been on a tremendous run since twenty twenty.

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<v Speaker 2>You can see here at a round fourteen bucks would

0:10:50.960 --> 0:10:52.760
<v Speaker 2>have been a great entry, and now it is currently

0:10:52.800 --> 0:10:53.760
<v Speaker 2>a sixty seven.

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<v Speaker 3>Dollars and fifty four cent.

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<v Speaker 2>When you look at this long term chart and fully

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<v Speaker 2>zoom out to see the acro picture, it does a

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<v Speaker 2>tremendous service to you to be able to know what

0:11:07.080 --> 0:11:11.520
<v Speaker 2>it's doing. Same thing with Decker's outdoor. Great momentum, but

0:11:11.520 --> 0:11:14.120
<v Speaker 2>they've been able to sustain it. They are going up

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<v Speaker 2>to the upside. And let's look at LED. Some of

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<v Speaker 2>you asks about this and comparison to Tesla. I don't

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<v Speaker 2>like it better than Tesla, of course, but lad Lithia

0:11:21.920 --> 0:11:27.359
<v Speaker 2>Motors is moving pretty damn strong, and this one is APPN.

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<v Speaker 2>Once you get further down the list, I don't like

0:11:29.720 --> 0:11:32.960
<v Speaker 2>them as much. The top five or six are usually

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<v Speaker 2>the best in an index, and this is true here.

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<v Speaker 3>APPN is solid. Most people don't even know what the company.

0:11:40.559 --> 0:11:43.679
<v Speaker 2>Actually does, but there are some better examples, Like if

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<v Speaker 2>we go back to the deck chart, we can see

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<v Speaker 2>I like this chart a hell of a lot more

0:11:48.800 --> 0:11:51.640
<v Speaker 2>than APPN Can you agree yes and no? So you

0:11:51.720 --> 0:11:54.720
<v Speaker 2>want to invest in companies that of course their stock

0:11:54.840 --> 0:11:58.640
<v Speaker 2>is rising, revenue is great, profit margins are great, and

0:11:58.679 --> 0:12:02.400
<v Speaker 2>then you want to choose safe. And I'll saw with

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<v Speaker 2>shot posts the other day and a lot of you

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<v Speaker 2>hit me like man Biden is about to crack down

0:12:06.640 --> 0:12:09.000
<v Speaker 2>on tech. So he's going to sign an order to

0:12:09.040 --> 0:12:11.720
<v Speaker 2>crack down on big tech boost competition across the board.

0:12:12.440 --> 0:12:16.320
<v Speaker 2>And I think it sounds good, but hypothetically, in the

0:12:16.320 --> 0:12:20.640
<v Speaker 2>grand scheme of things, I don't think it will affect Apple, Microsoft.

0:12:20.120 --> 0:12:22.720
<v Speaker 3>Google, AMD and Video, etc.

0:12:23.000 --> 0:12:26.120
<v Speaker 2>And I understand this may be jarring if you're investing

0:12:26.160 --> 0:12:30.560
<v Speaker 2>in tech, but historically these kind of measures really don't

0:12:30.600 --> 0:12:32.560
<v Speaker 2>move the market as much as they used to back

0:12:32.559 --> 0:12:34.000
<v Speaker 2>in the early two thousands or.

0:12:33.960 --> 0:12:35.080
<v Speaker 3>Prior to that.

0:12:37.840 --> 0:12:42.439
<v Speaker 2>So on the words of the great philosopher Rocky Myivilla,

0:12:43.080 --> 0:12:47.080
<v Speaker 2>it doesn't matter. Those kind of legislative practices are not

0:12:47.200 --> 0:12:49.880
<v Speaker 2>going to have a tremendous effect on a top ten

0:12:50.559 --> 0:12:54.040
<v Speaker 2>tech companies. But I have twenty four to twenty five reasons,

0:12:54.520 --> 0:12:56.400
<v Speaker 2>but this is just one towards the end of the

0:12:56.400 --> 0:12:59.080
<v Speaker 2>total pole. Let's look at some of Joe Biden's donors.

0:12:59.320 --> 0:13:02.240
<v Speaker 2>So we have Donald here from Palomo Partners. He donated

0:13:02.360 --> 0:13:06.560
<v Speaker 2>nine million dollars. We have James who donated quite a

0:13:06.559 --> 0:13:09.720
<v Speaker 2>bit of money, and then we have Michael from Sequoia Capital.

0:13:10.000 --> 0:13:11.960
<v Speaker 2>Please put in chat if you know what Sekoja does.

0:13:12.160 --> 0:13:15.720
<v Speaker 2>He donated three point five million dollars. These are some

0:13:15.800 --> 0:13:24.600
<v Speaker 2>of the companies that Sequoia has funded Apple, three Com, Airbnb, Cisco, DoorDash, Clever, Dropbox,

0:13:24.640 --> 0:13:28.480
<v Speaker 2>ever Note, Event, Bright GameFly Green Dot, Inside dot Com,

0:13:28.559 --> 0:13:35.640
<v Speaker 2>kudos to Jason Callicanas, Instagram, Instacart, PayPal, Pilot, Ring Central,

0:13:35.760 --> 0:13:38.040
<v Speaker 2>and Robinhood. Some of you have been asking me what

0:13:38.040 --> 0:13:39.680
<v Speaker 2>I think about robin Hood. We touched on it later.

0:13:41.240 --> 0:13:44.720
<v Speaker 2>Could be a game changer, right. My point is, if

0:13:44.720 --> 0:13:48.560
<v Speaker 2>that much money was donated to the campaign, do you

0:13:48.679 --> 0:13:51.800
<v Speaker 2>really think there would be a hard tech crackdown? When

0:13:51.920 --> 0:13:56.240
<v Speaker 2>consumers aren't even complaining about tech monopolies in the same

0:13:56.280 --> 0:13:59.120
<v Speaker 2>fashion in which they were in their early two thousands,

0:13:59.640 --> 0:14:01.520
<v Speaker 2>what do you going to replace them with? So let's

0:14:01.559 --> 0:14:05.079
<v Speaker 2>say if it does happen, right, hypothetically, So if Instagram

0:14:05.120 --> 0:14:10.520
<v Speaker 2>goes public, say Messenger goes public from Facebook, Apple Music,

0:14:11.120 --> 0:14:14.640
<v Speaker 2>and let's say the app store goes public, and I

0:14:14.640 --> 0:14:17.680
<v Speaker 2>can make the argument the artists that you love and

0:14:17.720 --> 0:14:23.800
<v Speaker 2>the companies that you love like uber Drake, DoorDash, Spotify, Instacart,

0:14:24.120 --> 0:14:29.880
<v Speaker 2>bumble Tender, none of those would exist without the Apple ecosystem.

0:14:30.160 --> 0:14:34.600
<v Speaker 2>And they get paid a hefty percentage from all those

0:14:34.600 --> 0:14:38.480
<v Speaker 2>companies to be on the platform. What do you think

0:14:38.520 --> 0:14:42.000
<v Speaker 2>those would be worth? So what's spinning off some of

0:14:42.000 --> 0:14:45.720
<v Speaker 2>these companies or assets and making them publicly traded? Will

0:14:45.760 --> 0:14:49.680
<v Speaker 2>it be beneficial for the tech ecosystem? Or will it

0:14:49.800 --> 0:14:53.480
<v Speaker 2>make it a bigger beast? Sometime when you slag Dragon,

0:14:53.760 --> 0:14:55.320
<v Speaker 2>it shows up with five more heads.

0:14:55.840 --> 0:14:59.200
<v Speaker 3>This is the proverbial case for that.

0:15:00.560 --> 0:15:04.280
<v Speaker 2>Amazon all time is up two hundred and fourteen thousand

0:15:04.720 --> 0:15:07.920
<v Speaker 2>percent all time. I know people love to make you

0:15:07.960 --> 0:15:12.200
<v Speaker 2>feel like long term investment is not sexy. But when

0:15:12.240 --> 0:15:14.640
<v Speaker 2>people start to tell you that and they here's the

0:15:14.680 --> 0:15:19.720
<v Speaker 2>play long term. How many people have gotten two hundred

0:15:19.760 --> 0:15:25.200
<v Speaker 2>and fourteen thousand, eight hundred and ninety percent return, say

0:15:25.240 --> 0:15:25.720
<v Speaker 2>it with me.

0:15:26.040 --> 0:15:27.520
<v Speaker 3>Long term investment is the.

0:15:27.480 --> 0:15:33.880
<v Speaker 7>Wave My graduate from my school being forced back, drop

0:15:34.520 --> 0:15:38.280
<v Speaker 7>bag Drop, Mike, drop back, drop Drop.

0:15:49.880 --> 0:15:53.800
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