Transcription
All right, we have to have an emergency meeting. I mean, the movement in liquidity in crypto was mindblowing. I was completely shocked. Sue went all the way down near 50 cents. An incredible drop off. Uh some fared better. We're dealing obviously with a huge liquidation event and I was scrambling to buy. Uh uh I talked with Mike, Money Mike. We're going to start calling him millionaire Mike soon. That's the new nickname. He said, "Josh, I got 200% on Sooie. It dipped again. I got another 100%." So, uh, this is a crazy situation. And, uh, you know, depending on your level of of how well you had prepared for this, you are either crying right now. Uh, obviously, uh, this is a shocking, you know, uh, fall off.
Now, I'm going to go into some charts. I'm going to give you some opinions on the spy. I have a sense of exactly where we're going to go next and uh what's going to happen. And uh let's kick things off here by bringing on a couple honored guests. I'm very happy to have Mr. Stock up here today. Um Larry, let me just kick things right off. I I have to get your reaction to this madness. Uh what do you think about what happened today? You were flying back, landing. Yes. Yeah. I literally was at TSA and ran back the other way and I actually started buying um uh with my community. We were doing some buying in in rare rare earths. Uh soon as I saw the market drop, to be honest with you, I said Trump must have said something. And lo and behold, boom, there we go. Right. And um listen, it's one of those things where we've had some dips uh before. Now, the cues actually the NASDAQ hit an all-time high today and then soon as the tweet came out, it flushed uh you know, lower than it has in the last two two weeks. Uh and so now we're down 800 points on the NASDAQ and big tech got smacked down. Any companies like Qualcomm and and and and you know, Apple, any company that has exposure to China is getting beat down right now. Um, but I also see buying opportunities. If you look, this was over the rare earths uh deal with China or lack of deal. If you look, there are I believe Josh that there's opportunities in rare earth uh companies like MP and US and uh so um I think this is a time for people not to panic but to be looking for opportunity in stocks and crypto. So that I'll leave that for my opening statement.
Well, thank you, Larry. Um, there is opportunity and I think all of us that have a little cash. We were in a live I think it was on Kenan's page and he put not not a problem, but he put me on the spot. He's like, Josh, how much cash do you have on the sideline? Uh, and truthfully, I had over I have over seven figures um on the sideline. And so depending on how much cash you had is exactly proportionate to how excited you are to finally see some big red candles. Um I've been needing to put some money to work and uh so I'm welcoming this and you know we've been bullish and part of my philosophy is to trade the trend. The trend is your friend until the end. Well the question is whether today was the end and the beginning of a new trend. Uh, and I'm going to give you some qualifiers as to determine that. And, uh, each of us is going to say what we want to say, but Mark actually notified me that my bank account was spinning in the green when he called me. I wasn't even paying attention. I had shot the last video, put it up, and had moved on to transitioning plans for dinner this evening. And he's like, "Man, do you see what's happening?" And I I you know with crypto right now and I went to my I had entered in two uh shorts. Okay. And uh you know have my stop losses in um and I walked away. Right? So I saw that we were going down and one of them was up 8K and the other one was up 10K. And um I'm going to tell you right now that if I had been watching them I would have locked in profits at 800 and a,000. Uh but I was pleasantly surprised that the sky was falling and that they had gone heavily into the green. I immediately cashed out and while he's giving me his opinion about Bitcoin and crypto, I was going fill order, try to fill order, try to fill order on Sooie. I literally uh started watching it when it was coming back up over a dollar. And I just knew in my heart, I'm like I'm thinking, how quickly can I get these buy orders in? And um you know, in one ear, Mark's telling me, you know, this is it, bro. This is it. I'm like trying as fast as I can to get my little stubby fingers to buy some uh sooie at a dollar before we were even off the phone call. It was $2. It was above $2. So Mark, that's your setup. You can play the bear because you were you're pretty bearish and you might be the voice of reason tonight. Okay. Uh I'm interested in buying this dip. I have specific plans in mind. I'm going to reveal some of them. Uh I've been waiting for a dip. The market needs healthy six% corrections. In in about every two videos, I've been saying, "Well, guys, keep in mind we got to get a little four to six correction here." And and it didn't happen. And someone someone got mad at me in the comments, Larry. They said, "Josh, you said we'd get a correction by the end of September." And it made sense that we would. And I said, "Well, it doesn't mean that correction's been cancelled. Just means it's probably been kicked into the first week of October." Yep. Well, here we go. We're clearly on our way. I think we got just under 4% already booked and I think we're going to get some more on Monday. And I think there's going to be stocks that that I I'm going to be wanting to take advantage of and I'm talking about positions that I want to hold into 2026. I'll give you one. Amazon. Okay. Now, I'm going to tell you exactly where I think it's going to go and exactly where I'm going to put some money on it. Now, uh you know, lawyers tell me that I cannot say how much I'm going to put down on these, but I did tell you how much I had. And I want you to know that every last penny is going to get put to work. I don't know if it's all gonna be put to work on Monday, but I'm I'm getting ready to go to work, roll up my sleeves, and do some buying. Um, having said that, you know, should we be terrified? Mark, Mark, what are your thoughts on this moment? You when you called me, you're like, it's over, Josh. It's over. It's over, bro. What's up? What are your thoughts on this?
So, my thoughts are first of all on the Let me just comment on the spy and the stock market, and then I'll share my thoughts on Bitcoin. First of all, I shared something on my YouTube video, a stat that the S&P 500 at the time was up 34% in the last 6 months. And this is a move that's only been seen 10 previous times in about a 100 years since 1930. And eight out of 10 of those times, the S&P 500 ended up lower two weeks later with an average decline of 3.5%. What did we drop today? about minus3%. So that actually is playing out historically as what we've seen happen in the past over a 100red years of stock market history. So I was expecting that and I'd also been sharing every day in my videos about the bearish divergence on the daily time frame on the spy which we would we saw play out today. As far as Bitcoin goes, um, you know, I think that I'm leaning more now towards that the top might be in. I never speak in absolutes because first and foremost, as we shared yesterday in the video that you and I did, Josh, my line in the sand is 101K. And the reason that it's 101K because that's where the 50week moving average is. And in every cycle previous, a weekly candle open and close below the 50week moving average has confirmed the end of the bull run. So I'm not prepared to say it's definitely 100% over until that happens and we have an open weekly candle that opens and closes below the 50week moving average that's sitting at 101K. Historically, that's been the end for for Bitcoin and that has also been confirmation that the bull market is over. However, it's possible that it's not. It's possible that we will go on and make a new all-time high. But I do think it's less likely now after today's dump. I think we need a catalyst, some kind of a catalyst. this trade war needs to be resolved. A rate cut to bring retail back to the party because I think there are a lot of people that got liquidated today. They don't have money to buy the dip. I think I think also people are concerned about the illegal wash trading that's been happening in crypto as well and that played a big part in the liquidations that we saw yesterday. If we went from cycle top to cycle top in the previous cycles from 2013 2017, it was around about 1,400 days each time, give or take about 50 days. That actually puts if we went to cycle top from 2021 to cycle top in 2025 and mapped those out, that puts us at October the 11th would be the end of the cycle. If we did that from Bitcoin havinging to Bitcoin cycle top from previous cycles, that's been around about 500 days, give or take about 2 weeks, that would put us at October the 19th if we were to match 2021 cycle. And that would put us at October the 27th if that was the two 2017 cycle. And then lastly, if we were to go from cycle low to cycle top, again, each time it's been about the same amount of days for every single cycle for all three of this data, about a,000 days, give or take 30 days. And that puts our cycle tops at September 7th, which has already passed, of course, and October 24th. So, I do lean towards that the top could be in based on that data, based on what we saw today. But I'm not confirmed to put a nail in the coffin for that until we see that loss of that 101k,000. But I will say this, you know, I I look at the liquidation heat maps heavily because remember there's 21 million Bitcoin supply. However, people have always been concerned about these exchanges paper trading and selling Bitcoin multiple times over.
Okay, pause, pause, pause. Mark, first of all, you you're always dripping with hot hot take and and and data thick. I want to slow down and um so I want to just share what Mark is getting ready to share. Um back in the uh the winter, the last winter that we had, there was a guy that went out and at that time there was some push to audit all the exchanges. They were it after FTX collapsed, a lot of people were saying, "How do we even know if you have, you know, you claim to have 15 billion dollars worth of crypto, you know, 10 billion worth of Bitcoin, you know, show it, show it to us, right?" And so a lot of people began to reveal what they had and some guy went and assessed how much Bitcoin was uh available to be sold at any given moment based on all the exchanges claims and it was like 60 million Bitcoin. But of course there's only 21 million Bitcoin and not all of them have been mined. And so what Mark is talking about is something that all exchanges do. It's called it's basically uh ledger trading. So, um, their money is maybe over in US bonds locked up somewhere and then they create a system where you give them your money. They add that over to the bonds that they probably are holding and getting like five, six, 7% on and then they basically are just playing with money. So, it's all paper trading. Uh, no real nothing is really being exchanged. That's why people say not your crypto uh not your money or not not your not your uh if you're not the custodian of crypto not your keys not your crypto forgive me. And so what Mark is talking about is that uh that these guys don't really have this kind of Bitcoin and that this is just manipulation. Go ahead and continue Mark.
Yeah. So people have been concerned about that. But when you think of leverage trading and people are able to go 100x and some exchanges 150x with millions of dollars worth of Bitcoin, well suddenly that where is if if if there's only 21 million Bitcoin, then they're trading with more Bitcoin than what's available. Correct. How can they fill the order? So some guy goes in with 100,000 and he buys 100x leverage Bitcoin. They don't have it. They don't have it. It's not real. It's a madeup That's right. scenario. It's paper trading. Correct. And so what ends up happening is that as soon as there is any drop in Bitcoin when those price when those Bitcoin positions get liquidated it simulates it's the same as a spot sell on actual Bitcoin except they're spot selling Bitcoin that don't actually exist because people are going 100x Bitcoin with Bitcoin that doesn't exist. So it starts off a cascade effect and that's what we saw today. Now when does the selling run out? It's when the liquidations run out and the longs run out. And you can see, I don't know if you can see my chart up there. You can see that's a liquidation level. And I can tell you there's liquidation levels all the way down to low 70ks. Now, that doesn't mean that we're going there now or that we can't go up and make a new all-time high first. But I think it's important to be aware of. I don't think this was people panic selling their Bitcoin. I think some people panic sell their Bitcoin, but generally it's caused by these liquidation cascades and it happens as well when too many people go short and then you see these big moves in the price of Bitcoin. It's called a short squeeze and all these shorts are getting liquidated and that simulates a spot buy of Bitcoin again of Bitcoin that doesn't exist and that absolutely rocket fuels the price back up again. But at the moment there's not a lot of shorts to be liquidated above Bitcoin. If you look at the liquidation levels there, there's not a lot. Now that can build up, of course, but the risk is more to the downside at the moment. So look, of course, yesterday I was probably leaning 7030 that the Bitcoin top wasn't in. I'm probably now closer to 50/50, maybe 6040. I want to see how the next 24 to 48 hours, maybe Monday, when this when the traditional markets open because you got all the ETFs, are people going to be panic selling the Bitcoin ETFs? What's going to happen with the inflows and outflows there? I want to see what happens with the CME gap um as well because we know that plays a big uh uh when people trade uh Tradfi on the exchanges of Bitcoin that shuts on Friday night uh at 8:00 and then reopens on Sunday night and to see what kind of a gap that does bring and that could also lead to where Bitcoin price is going to go. So, I'd want to see all of those things kind of play out and then reassess the markets on Monday. But I am leaning a little bit bearish, Josh. I have to be fair there. I do think to a certain extent um that retail has been liquidated a bit and scared off a bit. And I would caution out there that if people are buying dips, um make sure that you have uh that you protect your trades. It's one thing to take a trade, but also to protect your trades and to make sure you have your stop losses set and that you're not just trying you're not just catching a falling knife, that you're not just buying a dip that keeps dipping because we all know that if we do go into a beer market, altcoins could see as as much as 90% loss in value. And I think it's important that also to find a reason for buying the dip. Don't just buy it because it's lower. uh have some kind of a Fibonacci or some kind of confirmed support. Uh we talk about trading the trend. The trend is your friend until the end and then you start a new trend. And right now the trend is down. So you can make money shorting the market on the way down and many people have been doing that across um you know today. But also, if this isn't the end and we do does end up being a great dip to buy, then let's make sure that we don't try and catch a falling knife and that we don't buy a dip that keeps dipping, but we buy a confirmed support and if that support is lost, then we should have a stop loss in place to make sure that we don't get wrecked.
All right. All right. Thank you, Mark, for that. Uh that that is a full show right there. Just everybody got all the data that they needed. Um, but let me I'm gonna I'm gonna throw this idea out and I'm gonna uh hit you, Larry, with this one. So, sure. This is what I think happened. And, you know, we'll see if I'm wrong. Uh, but this is this is how it strikes me. You know, we we got to the having and we got an all-time high way early and it appeared that this particular bull run was on steroids. And I'm gonna tell you something, and a lot of you are not going to believe what I'm about to say, but uh we'll just see how the future plays out. Honestly, we just had a crypto winter. This, listen to me, Sue went down today and hit on the nose a 90% pullback. Mark just said, you know, you don't want to get into these things because, you know, in the winter when they pull back, these things will pull back 90%. We literally just from the top of sooie till to the bottom of the wick today. We went from $5.37 to 53. We literally just had the winter today. Where is it going to go? It literally hit bottom and bounced. And I think that we are having a crypto cycle that is in uh fast forward that is it going in light speed and we literally just completed the winter cycle. And I know that sounds totally crazy and radical uh but I believe that it's up from here. We hit that that 53 and now we're sitting at $260. And so um I don't think it's over. I think the market's moving very very very very quickly. Um I have a lot of uh commentary to give but I want to bring my man Larry in. Larry uh you just heard Mark, you've heard my take on it. Uh what's your take man?
Different than different than you two gentlemen. I respect you two gentlemen. This is an interesting conversation because all three of us think totally different. Uh uh my brother, I I uh not you Josh, but Mark, I uh man, I I respect your knowledge in crypto, but I totally disagree. I I think we were primed for crypto until today to actually go up. Absolutely primed in every way. with the big banks um now giving new price predictions, you know, City, JP Morgan, and how it held over the weekend. Uh Bitcoin and uh Ethereum, how the alts were holding even when Bitcoin and Ethereum dumped, how the alts were holding, we were primed for alt season to explode. And in the past, what brought crypto down was not the not necessarily the stock market didn't cause crypto winter. It was always in sovereignty within the crypto industry, right? A major broker. Remember Mount Gaus and all of that. It was always a major broker that brought it down. Now, if everyone's sitting at the table, you can't tell who's who's who who got draw who's sitting at the table with draws on, right? Everybody's got jackets on. You can't tell until everybody stands up, right? Or the table lowers. Well, the table got lowered today with this market. And whatever with what who'sever weak in the crypto market, it is exposed, right? And so now we're going to see, is the crypto market strong enough? Could everybody bag up what they say they could bag up? Is everything worth what they say it's worth? And if that is true, then I believe that we could have a V-shaped recovery in crypto. That's what I believe. And I I believe that this was just a rugpull and a panic.
Yeah. No, I'm with you, Larry. Um I think it was a rug pull as well. And I think we complete we're we're like fast forwarding through cycles. Let me take a minute and I'm going to give you guys some thoughts on the spy and then we'll come back and get your guys's opinion. Um I'm going to do some, you know, I always view my charting as very simple and basic. The key to charting and to becoming an analyst is to actually believe the charts and believe the candles and not to put on them what you want them to reflect because of the money that you have at risk. And uh you're going to watch and see that my charting is very simple. And I actually said in a video I believe yesterday with Ashley, I said I will tell you guys how we'll know when we're beginning to get to the end of this move. It's going to show up in a couple ways. And I said, "The first thing that we're going to get is a bearish engulfing candle." Well, guess what we got today? We got a completely bearish engulfing candle. And so the and I pointed out when we went back in time, I believe it was to the two 2024 drop. I said, "Let's go back and look at when we had a top like this." After we had a bearish engulfing candle, we had another week that followed down to the downside. And after that, we actually went on to make a new high. And then we got another bearish engulfing candle and then from there some more red weeks. And so what I would say is that uh V-shaped bottoms especially as violent as we had in April are relatively normal. Uh but the market rarely does it make a blowoff top, you know, VTOP. It rarely happens that way and we haven't really had that. We've actually been arching and slowing down. It's more common that those types of moves are rollovers and they typically z they zigzag before ultimately falling off the cliff. Uh let me take you guys into the spy. I'm going to point you point out a couple things here. Um let's see. First off, I'm going to look at the monthly chart. And I just want to point out that um we as far as the month goes, this is simply an inside uh month at this point. September was wildly bullish and this is an inside month. So until we break the top or bottom of September uh there this this market is still not uh signaling a breakdown. So this is simply an inside month. Um now where do I think we'll go? Well, you know, right now I have 646 marked on the chart because that's the afterhour level. This is just where the candle closed for the day. Uh so we're already at 646 and that reflects a negative uh just under 4% a negative 3.83%. And so the likelihood is that we're definitely going to get that 4 to6%. Where would that put us if we got the 4 to 6%? Well, we would test right there at 5.45 5.6. We would test the September uh top or yeah, the September start date. Okay. So, I'm going to just warn you guys, there's definitely more room for the markets to go down on uh next week. And I would expect them for sure to come down and uh test between 646 and 637. That's sort of the range I'm expecting. I'll be looking for some form of a bounce then. And anything slightly beneath that, if we recover, that's the full 6% correction that we've been anticipating for most of September. and that we've finally gotten. Does that mean that the bull run is over? No, not at all. Um, let me take you into the weekly charts. I want to show you what we got as far as the engulfing candle and what I want to throw on some moving averages here for you guys. All right. Now, one reason why I would caution everybody not to absolutely freak out is because even with this massive downturn today, uh, we're actually still sitting on the nine. And um if you're on the nine, you know, on a weekly time frame, you you you're not in the bare territory, okay? You're you're totally not in the bare territory. And so, even though it's scary and the selling was intense and uh we all have to um adjust our portfolios come Monday and we had to make a lot of decisions this evening, I just want to remind you that I I've been literally saying this for weeks now. Did I tell you when it would happen? No. I I guessed that it would happen in the last two weeks of September and that if it didn't, well, first week of October. But what do we have here? You know, these are this this is a market. These are weekly candles. We're moving up. We come back and test the 20. We bounce. This is a five or 6% correction here. We move up higher. We come back. We bounce. We almost closed beneath the 20, but we bounce again. We come back to the previous all-time high. We come back, hit the 20 a second time. This time we go on to make a brand new high. What do we do here? We come back and we test the 20. I've been making the point for uh since the middle of September that it's extremely normal to test the 20 uh regularly. Okay, every every two to three months we test the 20 on a huge up move. And I've been warning us that, you know, guys, we we're not testing it. Now, we still haven't tested it. Okay, so here we are just barely touching the nine. The 20 is around 635. Okay. And uh the likelihood that we'll that we won't get down here is pretty low. I mean, if we bounce off the nine, well then guys, immediately prepare yourself for 690. Like if Monday things turn around and Trump and you know starts saying, "Oh, I'm heading over to China. Uh me and G have got things worked out." Well, then we're heading to 690. No doubt. at the moment. Uh if we don't get any catalyst news Saturday or Sunday, we've got to expect our first normal test of the 20 that we've gotten in instead of it, you know, we normally get these every 2 to 3 months. We haven't had one since April. So, we were so overdue for a test. So, I wanted to draw that out and just make a very simple point. We're entirely and 100% still in a bull market. a a reasonable correction to the 20 would be a little bit more. Let me give you the exact percentage just so we're on the same page. And I want to comment after you finish. Yes, sir. I'll bring it to you. Okay. That would like Yeah, that just literally gives us the 6%. That just literally gives us the 6%. And so I would be mad if we didn't get down to the 20. If we get down to the 20 and you start seeing buyers come back in, prepare for 690. Most analysts that I follow, and I'm talking about the um you know, Goldman Sachs guys and the State Street guys and the Wells Fargo guys, most of them have been for most of 2025 predicting that we would get to 690. And um this is just the first 6% correction. And so for me, until we get and and and then I want to get Larry's take on this, but what really happened? You know, Don, we did Donald Trump have any kind of a deal going with China? No, he never did. N he we're getting closer to the deadline and he decide I honestly and I I'm going to be careful about what I say right now, but just go ahead and say it, John. Tell the people the truth. They already know it's the truth. You know them Trump boys, you know that a lot of uh people in Washington, all right, you know that they loaded up on puts before this event. You know, everybody knew that if Donald Trump came out and said, "I'm going to throw a 100% tariff on China." Everybody knew that that would crash an overly hot market. Everybody knew that. I got proof. I got proof. Soon as you got queued up, Larry, you're up. Come on now.
I'm I'm Listen, this is what Josh is telling you guys. Pull pull this one up. This is what Josh is telling you guys, right? So, I got the nine. This is the the cues, but I'm on the daily. Josh, I'm just I'm just on the daily, right? You could see I got the 200 day moving average here in the red. And the last time it spiked, this vertical blue line, you know what that vertical blue line is, Josh? Tell me about it. Liberation day. Yep. That's what I thought. Boom. Liberation day. Liberate you from your money. Li liberate us from our money day, which is the start of the tariff war. And as you can see, just like Josh said, it's been hugging the nine. But look at that. We kissed right here. We kissed the 200 day moving average. And now we have this. Look at that. What Josh is saying that is this this gap could fill Monday is what Josh is saying. If you guys could see that from here to here, this could fill by Monday. I'm on the on the daily. Now, we do know if we go to the weekly, it it went way beneath. It tanked. You guys see that, right? But if you go to the daily, if this is a shortterm, you know, not full on uh dip, if we're not going to 6%, then we could be at the bottom. And here's why I'm going to say could. So, the bull run we just had, the V-shaped recovery we just had before today was the most hated. Tom Lee said the most hated V-shaped recovery and he was right. I agree with it because Wall Street missed it. But they were locked and loaded. And I just played on Friday where one of the analysts said that people had cash. They were locked and loaded and was ready for the next dip. And I believe that this there's going to be some dip buying. Now I agree with Josh. We could have more by Monday, but here's where it's going to get tricky, Josh. We could have a recovery, not full recovery. We could have the NASDAQ up by 200 points on Monday and then by Tuesday or the end of day Monday, then we can continue on down, right? So we can have the healthy correction that was needed. This was needed. Now, what could save us? The Fed. the Fed could save us and say, "Hey, this is getting ugly. You know, we're thinking about the next two uh doing 50 basis points on the next two." Yeah. And that's enough to lift the market, right?
Please listen back up. Please listen to Larry. Yeah. No, guys, honestly, please listen to what Larry just said. Now, first of all, this market is is hot. It's super super hot. and AI is is really ripping right with opportunity and and Ashley made a valid point in my video yesterday and it's that in a neutral environment when when the market is neutral and we were neutral today it means there's a lot of cash on the sidelines the fact that there's so much money in gold is a market that that already was not anticipate you know it wasn't a greedy market we're not at the top of a greedy market we're Not the market was neutral. There's a ton of people in cash. I've got cash. You've got you've got uh a ton of people in gold. And the dollar still weak and the Fed's getting ready to cut. All of those conditions is exactly what would take us off our bottom. And I added to it something significant today. I know how important what I said tonight was. I just told you guys we literally fast forwarded through a crypto winter. and we're going to find out by the end of this year if that was a true and valid statement. Now, I'm not I don't have a crystal ball. That is my opinion. And ever and you know, I pound consistently the patience and disciplines that's needed to be successful on Wall Street as well as the fact that you need to put some money in the market and leave it alone for generations if you want to have generational wealth. Go ahead, Larry.
Okay, so what was this about? It was about rare earth, right? Yeah. Right. This was about rare earth, right, Josh? When we first went live uh 30 minutes ago, MP Materials was down in the after hours by n uh almost 1%. Now MP Material is up by 2%. You see the after hours right there? Yep. Wow. where your US your USA has made us some money, Larry. Oh, it it made a ton of money. But I want you to look at this. US was flat when we started. It's up 11% in the after hours. Look at that. And that's one that I've been wanting to get more of on a dip. Yes. So, USA was up and it held today and we were buying it. Look at the after hours. It's up 11. It was only it closed up 4.96%. But in the after hours it's up 11 uh.3%. Why? People are buying. They are buying. They waited. They literally waited until the after hours and they are buying. Now we don't know what Monday holds. But all I know is I've been buying even while while you guys were talking. I'm sitting here. I've moved my computer here and I'm buying. I'm sitting here going buy by by buy by. I bought some VUG. I bought some QQQ, which is the NASDAQ and I bought some GRNY. I'm telling you guys right now, I just bought some and I I'm buying these. I'm buying this dip. Anything I say is not a suggestion for you to buy, hold, or sell. But I still got dry powder just in case Monday or Tuesday we dip even deeper.
Yeah. No. All right, Mark, I'm going to turn you loose again. Um uh I'm curious. How do you process what uh what I've said regarding the the You know, I I think I want I like it when you emphasize the need to have to be realistic and to hedge our bullishness with the fact that uh Bitcoin has had an incredible run. Okay. 15,500 to roughly 127,000. I Nobody can say to me that that wasn't one heck of a crypto uh cycle. We we basically almost 10xed. Um not quite, but you get my point. We moved up a lot. And uh so I don't think any of us could sit here and say we wanted more out of Bitcoin. I'm not saying that people won't say it, but it gave a lot this cycle. What I didn't feel that we ever had was an altcoin season. And that could bring us into a whole other speculation about, you know, are the alts dead? I know you've got some opinions on that. Uh I personally am more interested in seeing uh the ability to trade the MAG 7 with leverage on exchanges on the blockchain 247. And I'm amazed at how many now you I have always introduced you as in two ways. I called you Kiwi Mo when I first brought you on the show. And I've always referred to you as a DGEN. A crypto DGEN is somebody that dives into every single detail of the crypto market, the the micro caps, anything that's new. And I wanted you to be part of my community because I wanted you just to bring the stuff that that not everybody is paying attention to that could become a big deal in the future. And and here's one of the things that you've brought to me in our conversations is is the fact that a lot of people are abandoning the crypto dgens are walking away and they're heading over to Wall Street. And I'm just curious your your take on that. I know that you've been making some great successes in trading stocks and I feel like the uh rosecolored glasses have come off towards crypto. Um, where do you stand as am I going to have to change your name from crypto dgen to to uh Wall Street uh Kiwi Mo?
Well, first of all, uh you know, for Larry, absolute giant in the space and I really enjoy all of his content and shows and I I do think that he makes some great points and he could well be right. Remember, my line in the sand is going to be the 50week moving average. That's where I will roll over and say it's officially over. And so when Larry speaks, you all better listen. He's makes some great points. He's got a lot of great wisdom. And then Josh, a great friend and mentor, uh I think made a a great point, and I want to emphasize what he said and back it up here with something I was reading that crypto liquidation soared to $9.4 billion in 24 hours. This is the largest single day event ever. Bigger than Luna, bigger than CO, bigger than uh Mount Gaus, bigger than FTX. We just witness history. And so Josh, you make a valid point that maybe we just saw the bare market that's meant to be a year in one day. It's quite it's quite possible. However, you know, it also could be just a sign of weakness in the market. And if we ignore the cracks, you know what what before there's an earthquake, there's cracks. And I don't want to ignore those cracks and those warning signs. And I do see some warning signs there. I'm not completely ready to say that we're not Bitcoin's not going to put in another all-time high. And I would also like to add that I would like to separate Bitcoin a little bit from the altcoins. is quite possibly that Bitcoin chugs along but altcoins bleed out into a bare market. That's another point of possibility as well there. But we shared yesterday a stat how in the last 30 days has in the history of the stock market there has never been more retail money that entered the stock market than in the last 30 days. And that did really seem to me that there had been money that had left a lot of the I think a lot of the crypto money had come over to the stock market and we were seeing some kind of crypto-like gains in the stock market. We were seeing these two and 300% happen in certain stocks. Uh you look at OKLO and ASTS absolutely went up with like rocket ships. um no pun intended there a nuclear and a rocket ship company but the the the correlation there is too great to ignore that I feel a lot of the crypto space people had come across and and it was like we were having the blowoff top altcoin season but actually in the stock market and who could blame them for coming over I mean you're sitting there and altcoins weren't moving yet you could come over and buy some USA or some AMD or some Olo or one of those other stocks and get to 300% in just uh a week. And even with Robin Hood, you know, I remember buying Robin Hood at at 30 bucks not so long ago and over $100. And so I think there is some uh merit to being cautious that I'm optimistic. You know, I'd like to see altcoins run as much as anybody else. I hate to see people down on their bags. Um, but at the end of the day, I also look at some of the the warning signs and the red flags that are there and I hope they just and they actually I hope that they end up being false flags and I do really hope that both you and Larry are right. I would love it for you guys to have nailed this spot on. that these turn out to be false flags and this was just a flash crash liquidation hunt and like you said maybe we saw that crypto winter there.
Okay, let me let me let me let me process what you're saying a little bit. If you had to give a reason why uh we wouldn't continue higher, what exactly would it be? Would it be the rate cuts that are coming? Would it be the poor performance of the MAG 7? Would it uh be the dollar weakening? What what do you think would cause what valid bear case? And I'm and I'm and I'm I'm actually appreciating you playing the bear today, Mark, so thank you for that. And I'm not picking on you, but what would be the reason that you would latch on to? What would be the reason you'd latch on to uh you might be the only sober man in the room. What reason would you latch on to that the bears have a right to take this market over?
Well, first of all, for stocks, I'm very bullish and I agree with 100% of what what you both shared and I'm uh buying the dip. Uh for crypto, that's a great question. First and foremost, it would be the timing of the four-year cycle has traditionally finished now between October and December. and all the previous cycles if we were to match them up and lay them over exactly most of those cycles uh would be finishing in October. So that's that would be number one. Now of course some people say the super cycle and I am not opposed to saying that Bitcoin does continue on the super cycle. I'm not sure if a lot of the altcoins will follow. Uh maybe the ones with the ETFs have a better chance. Number two would be that in the last cycle we had around 10,000 coins listed on Coin Gecko and Coin Market Cap and there was about $1.7 trillion in total at the height of the altcoin cycle in 2021 at the peak. We have about that well we did I think it's dropped to about 1 1.5 trillion. We did have about 1.7 trillion. However, there were one a whopping 100 million tokens that are listed on Coin Gecko and Coin Market Cap. 85% of that on the Salana chain, a lot of these meme coins, of course. And so, I feel that there is there's dilution there in the space. You've got the same amount of liquidity as the last cycle, but you have just so many more coins. And it feels like there is a new coin coming out all the time. We talked about Astera last night. I took a a a punt on that. I bought it at 60 cents and went up to like two bucks 40 I think it's back at the moment. And it just feels like people are uh what do they call it Robin Peter um to to PayPal and they're selling one bag and we saw that didn't we in January when Trumpcoin came out and what happened with the rest of the altcoins? they all dumped because people had to find the money to buy the Trump coin and there was a big sell-off and that led to a bit of a drop when the when the actual memecoin dropped itself. And so I think there's some validity there to look at those facts and to say number one, okay, let's just say that Bitcoin does make a new alltime high. Great. Let's just say that we do have an alt season. I just don't think it's going to be the alt season that we've seen in the past. I think honestly we're seeing that in stocks at the moment. It has been incredible and the fact that you shared that the fear and greed index on the stock market was at neutral before the drop is quite incredible and it does mean that there is so much money on the table and I do feel that money has come across from crypto. I do think that there is just so many altcoins there and I'm just not sure we're going to see the kind of altcoin move that we have seen in the past. I remain optimistic and I do hope that Bitcoin makes a new all-time high and I do hope that the likes of Sooie and Salana will make new alltimes high as well. There's a lot of time between now and December and if we have a super cycle maybe it continues there. But those are my thoughts um that I have as far as probably the bare case for the possibility that the top is in or is going to be you know is in in October that that's possible. And remember, my line in the sand is 101K, which
Is the 50-day moving average. I think that's fair. Um, I'm going to go into a couple charts of interest. I want to leave everybody with some things.
In my earlier video today, I talked about the fact that, uh, I'm looking for moments like this to add to my SoFi. Um, and, uh, I, I, I also have been watching some stocks that have not done well that were definitely in the camp of underdogs. And one of them is Nphase. And, um, you know, mark my words, this might be an interesting moment for Nphase because this has been in decline for a long time. And Larry, I can't wait to get your opinion on this. You and I haven't spoke about this, but I mean, the bottom line is, uh, we need every form of energy to fulfill the AI, you know, mandate, uh, of, um, you know, of open AI, and they're sucking every, every, every dollar in the world into this space. They need nuclear, they need oil, they need coal, and they need, uh, wind power.
But I'm going to take you guys into the chart on Nphase just to talk about some things that are of interest to me, and then we'll see if something comes of this as far as. So, back here, this is when Nphase really had a fall-off of around $17. And you can see that it stayed for a very long time on the daily time frame under the zero line. Right? Every single move up was really just to prepare for a bigger leg down. And, you know, whenever you see it go sideways like this under the zero, you know, you know it's basically just going to keep falling. Well, finally, we actually raised our heads above the zero line. Now, that's a, that's not the time to load up because we did come and we curled back, right? But whenever you see that initial cross on the zero line, it's sort of a come back to life moment.
Now, I've got this drawn down here, and there is the possibility of an inverse head and shoulders pattern. I also have this other line drawn here. This had operated as resistance for a long time, and then we broke above it, and now I think it's going to hit and operate as support. It aligns with the left shoulder. So, we could be making the right shoulder. Now, before I continue with my technicals, guys, this is the exact thing that I found in Pepsi just two days ago that made us all 110%. This is the exact charting and pattern that I saw there. I said, "Man, that really looks like an inverse head and shoulders pattern. If we bought this tomorrow morning, uh, and this thing turns around and pops, that would be a perfect completion to the right shoulder." Now, can I guarantee that? Can I promise that? Should you make a financial decision based on that? No. And I would just say, keep an eye on it.
Now, some people complained when I told them to keep an eye on it and then it ripped the following day. Okay, they said, "Well, you didn't tell us to buy it." And I'm not going to tell you to buy Nphase either. Let's go back to these technicals. So, we got this potential inverse head and shoulders pattern on Nphase. And remember, Nphase has been in decline. And the dollar amount matters to me. And I'm going to make a point about that in a minute, but let's just look at what the potential target could be. If we take my neckline, and that's assuming I've got all this right, maybe I don't. We take the neckline down to the bottom of the head. We, we forecast the future breakout. And that brings us amazingly right to this spot. What had once been support, it failed. It became resistance. This was actually a huge, uh, part of the leg down. And it's potentially forecasting a return to around $54.
Now, if you go back to my very first videos a long time ago, back in the day, I actually covered Nphase when it was way up here. I covered it, uh, these weeks, and I actually predicted that we would hit $340 on the day we hit $34. Actually, back here when it was around $300, I said we're going to go up another $40 bucks. We're going to hit $340, and that's going to be the end. And $341 was pretty much the very top. So, I called the top of Nphase. Who knows, maybe this evening I'm calling a local bottom for it. Uh, there's room for this to go down more, but, uh, personally, you know, it's the, uh, the solar has been entirely excluded from the energy party and the need for power. And I don't know that we should. Nphase is not just solar. They've got a wide variety of, of, uh, solutions and, uh, services. And so I think that I'm going to be watching this very carefully for some signs of life.
This also looks like capitulation when it comes to this volume scenario. You see this last bar was green. This looks like the first signs of some accumulation. And that's what we're going to get is one more green bar to push us up. And that'll be a second sign of early accumulation. And my immediate target is really just to move back here to this 20 on this higher monthly time frame, which would put us somewhere around $56 to $60 bucks. Uh, Larry, you do a lot with, um, you've done a lot with energy, right? A lot with the nuclear. And, um, Nphase has been a just a dirty dog laying in the gutter. Nobody's loved it. Nobody petted it. It everyone's ignored it. What do you think of Nphase? Any, any opportunity there?
Uh, absolutely. Because just we are at the point the demand for energy is so great. I don't think people really understand, Josh, they don't, they don't, how big the demand for energy is. Remember, we can't fulfill it. We cannot fulfill it. You can't. Remember when we were at the Bitcoin, uh, conference, and they had these, pretty much the, the rear end of 18-wheelers were, they were just, they were just data centers, but most of the data centers was just about creating energy. They had the racks, but it was all about the energy. How was it going to be powered? New energy sources. Remember that?
I, I do remember that Bitcoin conference, and it is a search for energy. And inphase, I will tell you this, it's not going to be in one sector. They need them all. They need them all. I think inphase, I'm looking at it. Um, you brought it to my attention. Um, um, actually, I, I knew about it, and I just kind of glazed over it, and then you brought it to my attention again, and you could really be on to something, Josh. And then if you look at, at this, Josh, I'm looking at Oaklo, and beautiful. No, I see what you're seeing, brother. I see what you're seeing. You see what I'm seeing? Yes, sir. Look at that. Boom. So, I had a line struck here, but that's exactly where we are right now. You, we could see here, you can, you can clearly see what, what I'm looking at. I'm on, I'm just on the hourly, but you can clearly see what I'm looking at. And, um, I think we're in the first quarter of these companies, uh, uh, Inphase, Oaklo. I think that if you're smart, Josh, I think that you would create your own alt ali, you know, alternate energy ETF. Let me say that again. If you're smart, I think you should create your own alternative energy ETF. And I would have companies like Inphase and Oaklo in that ETF. Create your own ETF. Make your own pile and, and, you know, buy dips, but also dollar cost average even if the market is going up.
All right. Well, I love that. And, uh, Mark, I'm going to, uh, come back to you in a moment to let you kind of share what you're thinking about your investments and going into this next week. Uh, anything that you're that looks attractive to you, whether you're going to ride, uh, the bear train, uh, into, uh, uh, Wall Street. But I'm going to give everybody one more play that is, uh, something I'm hoping to make a ton of money on. Again, these dialogues are not a suggestion for you to buy, sell, or hold. Um, I'm not a financial advisor. Um, and I might be wrong. Uh, but I have been really interested in Amazon. I think Amazon is a yes, uh, you know, it's a, it's a $300 play. And all you know, I, I've been saying it, and we'll see if I'm right, but I said Amazon's going to do exactly what Apple did. Apple, everyone's like, "Oh, Apple's crap. It's going to fall off the face of the earth." And, and, you know, and I, I started sounding the alarm that Apple was going to have its moment, and that it was lagging, but it would catch up. And then Apple had that bad earnings, or had actually the earnings, I don't know, the earnings were were okay. It, it fell off hard, and they simply used that as a bouncing board to push it all the way back to all-time highs.
And, um, Amazon is lower, Larry. Listen to this. Amazon is lower right now than it was at the beginning of 2025. And yet, that's crazy. Yet, all they've done is increase profits. And there's people that are saying that, um, their, uh, that their, their, uh, cloud services are not able to compete with, uh, with, with AMD and, and, you know, different, different companies. But here's the point, they said the same thing about Intel. They said Intel didn't deserve to participate in the AI, the AI rally. Here's a company located in America making chips, and they're like, "Nah, they suck." No. Intel was always going to pop and rip. And they said the same thing about AMD, right? Uh, that it wasn't able to compete with Nvidia. Then, uh, the CEO came out and said they're totally in a different lane, and there's a massive 28-lane highway going over to AI.
Now, I'm going to suggest to you that Amazon absolutely is an extremely relevant, important company. They've got a moat. Nobody will fill it unless the government begins to turn against them. And I keep seeing, uh, the CEO hanging out in Washington. It seems like they're doing okay. So, Amazon is my favorite pick. Uh, I give picks for October. We just ran PayPal up, and PayPal had an incredible run. Uh, but obviously, it's been smackdown with everything else. You've got to take some profits. Um, but this isn't a pick for, and I gave Amazon as a potential pick for October. And I told everybody, I said, "We've got to watch and see if it closes this week's candle above 224." Well, let's go look at that chart.
So, I, I would say that hopefully you took some profits because we, we literally ran it up from around 216 to 219. We ran it up to 228. And I told everybody, we got to see what happens there. And I said, "We have to hold the week above 224." Well, obviously, this is where I locked in my profits. Now, we've come down, and, uh, and to be honest with you, I don't care. Like, in my view, this is absolutely gonna be up here at 260. Now, it's my opinion. Now, where am I looking at getting more aggressive, right? Well, it's pretty much right in this zone. Well, I'll tell you, 213 is where I'm going to buy pretty decently heavy. And sometimes things dip a little bit lower than they should. I'm going to make an allowance to do some final stage buying if we were to hit 210.
Okay, I want to point out to you, we have this megaphone pattern which communicates indecision on a pullback, and these megaphone patterns often turn into diamond patterns which go on to break to the upside. Personally, I think this is what's going to happen. Matter of fact, if you save this video and you go back and look, what I drew on your chart is probably the future of Amazon. So, I just, you guys have been all put on notice that if this thing gets down to 213, let's just understand that Joshua's got his stubby little fingers and he's hitting buy, buy, buy. I'm going to leave a little bit of money on the sidelines in case it gets down to 210. And, uh, here's one of the other reasons, other reasons why I believe it could hit 210. Because hitting getting below the bottom of 211.62, getting slightly below 211.62 would trigger a ton of panic selling, and it would trigger a bunch of people's stop losses. And so it wouldn't shock me if they try to drive it down right there to clear out some stop losses. But that is the big turnaround story. The next target by the end of the year, 250, 260. And I'm not going to tell you how much I, I'm going to put into it, but I, but if, if some of you been paying attention to some of the details I float around, 10, 20% of my cash might go into this trade.
And, uh, which, which I like it, Larry. I'm going to, uh, and, and listen, I don't always repeat everything I say. Sometimes if you show up for a live, you get something solid. I'm always on a new, a new stock almost every single day. And so I may not, I don't know how much of this people will hear in the future. This is your Amazon deep dive from me this evening. Larry, what are your thoughts on Amazon? And then Mark, I'd love your thoughts on Amazon, and then you get to close out the show.
Brother, I have, uh, been long on Amazon for a while, and, um, I'm, I'm long on Amazon, and I agree with everything you said about Amazon. I think Amazon has just been a sleeping giant. But now I'm also adding some AMD in there also. Uh, um, I'm, I'm, I'm adding some AMD to that also. Now, I believe that AMD is going to either up their contract with Open AI or have another deal like Open AI. Uh, and he did say Jensen Huang said it's a different company. And, uh, Keenan brought that up the other day, and, and when he did that, it's not all or one, right? It's, it's, it's not that it's, you got to have Nvidia or AMD. And I just think that Amazon and AM, and AMD are two blue chip companies that you just want to hold for a while right now. But I am, I've been bullish on Amazon, and they really haven't even tapped into AI like, but they're working on it. They put a lot of money behind it, but we haven't seen the fruits of that labor yet, but it's coming. I, I completely agree, and it'll, it'll be falling, falling, falling, getting close to that level, and then some news event is going to come out and just that's going to be it's going to flip the switch.
Mark, uh, first of all, I, I, you know, I appreciate you, brother. You, you dropped so many gems. Uh, I'm curious. What are your thoughts on Amazon or any other play that you like, and what, what are you going to be buying or looking at seriously over the next week?
Yeah, thanks, Josh. Look, I'm surprised that Amazon hasn't done better, number one. Um, it's a struggle to park money into Amazon and see it give it bank-like returns, though. And, uh, and then today when we just thought Amazon was moving and we had a breakout, we got that lovely tweet, and it dropped it back down again there. So, but I am, I do think it's going to have a moment and a time. Uh, I was in an Amazon trade, and so I got out of that trade, and I'll, I'll look to reenter when the technicals make sense there. But, you know, they had that, I, the, the new pharmaceuticals now where you go and see the doctor, and now there's going to be a kiosk there, and you don't have to run off to Rite Aid or CVS to get your prescriptions filled. It'll be right there. And so, I think they're continuing to innovate. I'm just not sure, uh, the value has caught up yet. I think they're undervalued, and I think there's some potential there for a trade, and as this market rebounds, I'll be looking to get back, uh, into that trade.
I've been looking, you know, I, I played the ASTS, and as you know, Josh, I've been playing the ETFs a lot. I love them. I can trade them in the pre-market at 4:00 a.m., get up, you know, usually a lot of them are cashed out by the time the market opens. I can trade them in the extended hours, and they give me 2x the gains on the regular stocks. And, you know, I have my my long-term holdings that I can continue to add and grow. But I love these ETFs that can just jump. And that's where I got the OKL, uh, the Olo trade, which Larry mentioned. I actually traded the OKLL, which is the 2x leverage ETF. I got in that at 35, that went up to about 105. Um, so I'll be looking at getting back into that trade. ASTX, um, AS, actually, but the 2x leverage ETF for ASX. I just bought a little bit there. I noticed Larry was probably putting in a bunch of buys just before it hit 8:00 Eastern Standard Time. I'm sure that's what my man was doing there. No doubt. And, uh, I just got a little bit of a quick buy in there. Hopeful that the market on Monday there was, I got in at 66 there on that one. Again, that's the 2x leverage ETFs. But I like Larry, I'm looking at these alternate energy nuclear stocks. There's NE, there's SMR, OKLO, which Larry has mentioned. Um, and also from the energy side of things, there's, uh, what was it? The V, V, help me here. Uh, VST, Vistra, and I've been trading the VSTL, which is the 2x leverage play, and also one that has done really, really well. Check out this chart when you get a chance, Josh. EOS, uh, energy enterprise, that's had a great run-up, and I've been able to ride that one up. That hasn't got an ETF, so I just had to buy the regular stock there. So those are the ones that I have mostly been focused on there and have made some great gains. And of course, uh, SoFi was doing great, and I cashed out just in time there. I traded both SoFi. I have SoFi in one portfolio, and then I have SOFX, which is the 2x leverage ETF, and that gave me some incredible gains, and I protected that trade and locked in those profits, and then the market dropped down, and so I'll be buying that one on the dip.
So what does EOS Energy, uh, focus on specifically?
Um, they focus on the alternate energy and they, alternative energy. Yeah, alternative energy sources. And of course, Trump tweeted about how there's a problem with the electricity and energy there. And I think a lot of those kind of stocks like VS, uh, T is another one as well, benefited from, you know, people are starting to try and guess which, um, companies the US government's going to invest in next. And every word that he says that leads to possibly, uh, investment there, people are beginning to, um, take notice of that. And we saw that with BBAI getting a government contract there. I don't think it was a, a direct investment from the US government there. But the, the play that you gave, Josh, there on that BBAI, boy, that really shot up today as well. And that was one of my biggest winners, Josh, that I got there, um, on that trade. And again, I was lucky enough to cash that out. And of course, you can get the BAIG, which is the 2x leverage ETF play, and you can 2x your gains on that one as well. Or, or, or you can get the BB AI W cooked.
Yes, sir. Yes, sir. Um, you know, I'm going to say this about BBAI. Um, that I'm too afraid to sell it. Uh, and that's been a new phrase you've heard from me. Certain stocks I don't want to let go of anymore. Uh, and BBAI is one of them. And I sometimes drop these narratives. Uh, BBAI is not the next Palantir, but they, there's something about it that feels a little bit, uh, uh, Palantir-like, and I think it's, it's what it does. It's a relationship to the government, and just like, um, just like, um, Mark said, that the government, you know, they, they control that huge massive pot of money, and as you guys know, they're not afraid to print more and spend all of yours. So if they start tilting that bucket, if they start tilting that bucket around, you know, BBAI, I think, is going to get a splash of your cash. So just be mindful. Let me show you that chart.
And, um, BBAI, this little pullback is nothing. But guys, matter of fact, uh, let me just show you this chart. So I, I teach these things, you know, I, I use these phrases, and, you know, I've been getting some great praise reports from people about how it's all starting to come together. You, the IPO price on any stock is always going to be a significant point of control. And, um, you know, this thing went down into the gutter, got forsaken, it consolidated sideways where everybody forgot about it at two bucks. And even though it's $7.20, you can see it's, it's slowly stairstepping its way up, right? This is a, a triangle breakout pattern. We, we look at this level, and we get up between, you know, all we got to do is climb up here. We take, I got logarithmic on. Let me turn that off, right? Just so I can show you what a projected move might be. Let's see here. Even if we take this move right here as a cup and handle, that puts us very, very close back to it. It puts us at $14. Okay. If we were to take the, uh, if we were to treat this like the, uh, the handle and treat this like the cup, that puts us above the all-time high at $16 and runs us up to $18. Now, I don't want to confuse people. What I just want to tell you is that this chart, and what the government can do, and, and the company, and the positioning that it has, um, I'm expecting more upside. And, um, this, this is a sleeping, you know, there's an opportunity here, and we're getting very close to this point of control, that IPO price, that really wakes up a lot of investors when it gets back above. And so I just, I don't want you guys to sleep on BBAI. This is one that I don't want to sell. I don't want to sell right now.
Yes, sir. If it does go up, if BBAI does go up, I, guys, I want you to consider. Man, you really can't see that. Uh, let's see what happened.
You're going to tell us about the warrants?
Oh, you better believe I'm about to tell you about the warrants.
Tell me. Tell me about the warrants, sir.
So, you know what? Let me try, uh, the Google. It's, it's so, you can't even see it. It's so, uh, they won't be able to see it. It's kind of choppy. Okay. Yeah, it's a little.
Just tell us about it, brother.
I can see it, but tell us about it. So, so right now BBAI is at $7.23, uh, uh, cent, right? The warrants are at $2.25. If there is a true reversal and BBAI starts to go up, I want you to play with at least 25% of the money that you would put in BBAI and put it in the warrants. The warrants will literally move up 2x compared to the stock. Okay. At this price, this is Josh as being the warrant king. I will tell you that this is the perfect setup. This is the perfect setup. I'll prove it to you. When it goes down, I, I believe you. Look at how much the warrants go down, right? Yeah. So, it went down 4%, the warrants went down 16%. Now, on the way down, it's horrible. But on the way up, it does the opposite. You see that? So, on in the last month, let me even go back to the last six months. Look at that. On the way up, the stock went up 154%, but the warrants are up 212%. Right now, we're in that sweet spot where if there is a reversal, you will make bank on the warrants. And look at the spread. The, uh, warrants are are trailing the stock by way more than 60%. Remember that's my rule of thumb, and so there is bank to be made if BBAI starts moving up. Me personally, what, Larry, do anything I say is not a suggestion for you to buy, hold, or sell. I actually, when I see a setup like this, I buy twice as much of the warrants as I do the stock. I run the warrants up 100, 200, 300%, and then I sell the warrants and I hold the stock.
I, I, that's really good advice. And, uh, Larry, I'm, I'm going to get some of them warrants. A matter of fact, I'm going to come back and show you guys real quick just the spot that I, I would really like it to come back, right? But I have to read this comment. And, uh, I got two comments for you guys. P. Morton says, "Please, please don't buy Nphase. I wouldn't even feel comfortable selling my shares to anyone." Oh my gosh. That's not this. Now, I'm going to tell you guys what I just read. This is why I like it because of the despair. This is when you want to look at something is when the despair is so thick that somebody tells you, you know, "I wouldn't even feel comfortable." Uh, and now I'm going to read the second comment, which I find just as entertaining. Roadtrip says, "So many I told you so." Now, Roadtrip, the reason why you get so many is I'm trying to underline the things that I have strong conviction about. And even though I just told Pete Morton he should get excited about Nphase, he doesn't believe me. That's why I'm trying to emphasize to him that we follow the charts, and the charts are saying something. And so the "I told you so" are meant to, uh, try to be as clear as I can.
Let me give you guys one more, uh, comment on this. You know, we don't know whether this is going to go up or down, right? We did hit a little wall of resistance right here. I would love this, uh, right around $5.50. So, if it came down to $5.50, Larry, I'm going to, I'm going to do exactly as you said, whatever amount of money that I buy on the stock, I'm going to, uh, get more of that on the warrants. And so, um, you know, I don't want anybody coming in and they buy this tomorrow at 7:25 and then they panic sell it at 5:50 when Josh is buying it. Uh, I, my view is that this company's going to continue to do well. The AI bubble is nowhere near over. I think that we will hit the IPO price, which is $10. And so, anything in this range is attractive to me, and I'm going to do what Larry said. I'm going to, I'm going to get some of them warrants, uh, especially on a pullback if we get it. Um, thank you guys for being my guest. I loved the show, and Mark, thank you. Uh, guys, Mark's got his own YouTube page, and he is a full-time trader and a full-time, uh, financial teacher, and, uh, you can go find him on Tribal Trades. He's also in the Stocks with Josh Discord. You can come and join there, and you can communicate and talk to him. He's always in there answering questions. He is a servant, and he's a brilliant, uh, chart analyst. If anything, I'm trying to get him, I'm trying to get him to, uh, to share it like you're talking to a third grader because he doesn't realize that he's dropping. He doesn't know how smart he is. He doesn't realize how smart he is, but we love him to pieces. Thank you, Larry. Thank you, Mark. Thank you all for watching. And, uh, appreciate you guys getting the likes to a thousand. That was good. But there were, there were, there were 3,000 people watching. So two-thirds of you. Come on now. Throw in the like before you head out. Love you all. Peace and bless.
Can I throw my throw?
Okay.
Go ahead. Go ahead.
Yes.
No. No.
Go ahead, Larry.
I want it. I throw a bone in there. Uh, uh.
No.
I was just saying. And when you get through subscribing to Mark, come on over to Stock Larry.
No. No. No.
I'm in the wrong. He's a poor dog. I'm in the wrong thing. Listen, you guys wouldn't even be seeing me on YouTube unless if you didn't, if some of you don't even realize that Larry is, he, he made me do this. He made me. He's like, "Josh, come over to my office. I'm a, I'm." He's like, "What are we going to do?" He's like, "We're going to look at some charts." He would have me come over, sit next to him, and, and hit the record button. And he'd like, "Just do your thing, Josh. Do your thing." Right? And, you know, it's a little terrifying to get out here and, and talk to people. And you don't know how you're going to be judged. I thought I had to lose 10 pounds. You know, the whole thing, right? Larry is the reason you guys. Larry gets a lot of credit. So, please, yes, go over to Stock Up with Larry Jones. And matter of fact, the link to his class, Stockup University, is always in the description of my video. And personally, if you're thinking, Josh, I didn't understand a thing Mark said, and you were going too fast with your scribbles. Honestly, Larry's got the easiest, talk to me like I'm a third grader layout for folks who are trying to begin to put the initial bricks of understanding their journey of Wall Street. So, definitely check him out. I've always, to my, I have people come to me like, "Hey, Josh, would you teach me?" And I say, "No." I literally say, "No, you're not ready for me. Go. You need to start with, uh, Larry and his course because he will walk you through creating your account. He'll walk you through funding your account. He'll break down crypto for you. So, yes, I, please check out Stockup University. That link is in the description of the video. Love you all.
Hey, Josh, I got one more thing that I just want to, uh, emphasize here. Something that Larry said, and I don't know if everybody heard it. And when I listen to people like Larry, who's just an absolute legend in the space, I listen for those gems, those little comments that are made, and I, I catch him and I'm like, "Yeah, that's it." That you could watch this whole show, and if you just got this one comment from Larry, you'd be wealthy. What he said was that he bought BBAI, and he bought double amount on the warrants. He keeps the BBAI. Okay. And then he cashes in and takes profit on the warrant. That's a game-changer right there. And I do something similar is that I buy the ETFs, the BBAI ETF, and I usually buy about double or triple of it, and I trade that, and I make the profit on that, and then you can keep the stock and allow it to grow. And one of the great reasons this is an incredible piece of wisdom is is when you're up on a trade, and if you only have that one position, you're going to be stuck with those two buttons. You take profit or hold and maybe lose the profit. You know, you see that guy sweating looking to push those two red buttons there. The way that Larry has presented it so simply is that you can take profit, and then if the trade continues to run, you're still holding the stock, and you can still cash in and let that run. So, I didn't want to let this show end without just highlighting the incredible wisdom of this man, and that gem that he dropped there today. Um, absolutely incredible. That's why he's so successful, and that's why he has.
No, no, Mark's right. How do you spell your name? Mark's right. That's a game changer. Spell your name. Spell your name. I'm writing a check right now. Um, David D, who has given a number of super chats. I appreciate you. Said, "Can you please chart MicroStrategy?" Stay tuned in the next couple days. I will do that MicroStrategy for you. And the reason is, one, I appreciate you asking, but two, the chart looks interesting to me right now, and I do have some opinions on it. Thank you, gentlemen, both again. I love you both. Talk to you later. Appreciate it.