Okay folks, so we have two big things to discuss today. Number one, I need to give you an update. A violent update actually. thank you for asking on the hottest plays right now, Some that are looking very very explosive including Sprt which did explode into the after hours.

What's next? My outlook and what you need to know. And then I want to talk about Amc and this article that Cnbc and a lot of other outlets are running saying that retail traders are net sellers of Amc, What the data means, is it real And what's my take on this as an ooga booga? The only thing that I ask in return for all of this is that you hit that ravishing like button and also don't forget to subscribe either. Okay, so market as a whole was a little duddy dudster dao S P Nasdaq, a bunch of black September quite frankly, doesn't have that great of a record for stocks. Anyways, even last year September was pretty damn boring.

I almost fell asleep. Charlie. I read on Cnbc that the man who predicted the fall of the Roman Empire is now back, and he's predicting that the stock market is going to have a correction. Well, truth be told, there certainly is some negativity right now.

Consumer sentiment is down, jobs are plummeting in covet sensitive areas where we expected huge recoveries, tapering concerns. Papi said there are certainly some hot areas in the market right now, and those are in the small caps, especially the squeezers. The Sprt play showed some strength today towards close in the briefing this morning. I said if it manages to hold 20, buyers are putting up enough of a fight where shorts get backed into a corner very fast, and it fought pretty much back and forth trying to break and hold above 20.

and then all of a sudden it broke and held an upper direction for a massive massive rally in the span of a few minutes before close. So what is my thought process behind Twenty Dollars as a pressure point for this stock? Well, of course, you need to understand the context and the previous pressure point. You really started seeing an acceleration of momentum on Sprt after it broke past 15 and into the twenty dollar region during its first rally. So the original pressure point seemed to be about fifteen dollars, and that's backed up by the short interest data.

Short sellers topped out at their short positions and started closing once it hit that level. But the rally that came after allowed short sellers to average up their average short price. We don't know how much, but somewhere along the downtrend in price, shorts started popping up again, and based around the averaging up that they did at that point, it seems logical that the new pressure point would be somewhere around 20 bucks if the previous was about 15 bucks. Quite frankly, the consolidation of the downtrend and intraday fight we saw today to hold at that 20 level confirms that to me.

Remember, at Twenty Dollars, you have a lot of short sellers that were shorting this at six dollars sitting more than three x in the red, then you have ones that added to their short positions at much higher prices. Expecting a very, very fast downtrend and easy money that are getting more and more stuck in this, the higher and more it holds above 20. the thing is that the higher a shorted stock stagnates, and especially if that's at a certain pressure point where it becomes exponentially difficult to hold it, that means the more cost to borrow, the less lucrative it is to continue to hold that position and the more risky it is for short sellers. My thoughts and predictions on Sprt is that right now short sellers still have the upper hand.

There's a ton of shorts going into this, but on the other hand, there's just enough buyers to fight the selling pressure, and there's just enough buyers to hold this above 20.. this vote on Friday is the soonest catalyst that could bring in a lot more buyers, but it certainly doesn't have to. My suggestion, unless you're an all or nothing type of person is play the moves themselves, but don't let the moves play you. Okay, Atra woke up again today.

We briefed on this one yesterday and said seeing high retail interest on many forms as a short squeeze candidate looking for more hype rallies this week to heat up. That has been proven true today with a run to 1047.. That being said, the difficulty of short squeeze plays is obvious. It's easy to find a setup for squeeze plays.

It's easy to find some stocks that had previous proof of concept, but it's difficult to say exactly when the volume the upward sentiment volume is going to come in. So my goal is to find the setups, try to make predictions in terms of where the sentiment is heading next, and then keep track of those that way, at least we're on the right page when you start seeing a little bit more of that momentum pick up. Okay, let's go ahead and talk about Bbig. So, Bbig has continued to be a little running rascal today up over 18 percent at highs.

It had kept its upper direction very nicely over our favorite red directional small line it had earned late yesterday before breaking down into close. In fact, this actually moved inversely to Sprt. today. Vbig went up when Sprt went down and then as Sprt started going up towards the end of the day, Bbig started tanking.

But anyways, Overall, Bbig has continued its few week rare momentum rally story. But the story gets more interesting. You see, this morning the company dropped a golden Nugget. They announced a dividend spin-off called Kryptide.

A dividend spin-off is when a company takes a chunk of its business operations and breaks it off into a different entity and distribute shares of that entity via dividend to its current shareholders, effectively being fair to shareholders who own the company, but also allowing them to spin off the company. Now, spin-offs tend to be more positive than negative according to Investopedia. On average, both the parent company and the subsidiary outperformed the market during the 24 month period following a spin-off Investors who were able to withstand the unpredictability of the initial days and weeks have seen nice gains. But what's important now is that we have a timeline of catalysts of which the big ones are: record date on September 15th, shareholder meeting on October 14th, and then the main day of the spinoff, which should be October 15th.

Given all of this, and given the intense short interest, I would argue a very high potential for future rallies. Keep in mind that a pending spin-off dividend increases liability and risk. for short sellers who borrowed and dumped these shares onto the market. it's certainly possible that some of them will decide to get out of their position so as not to incur that liability.

and it's even more possible that retail will hype up the effects of that and cause it to become somewhat of a self-fulfilling prophecy. Okay, moving on upstart. So this is a play that we've held our price target on through fud in favor Despite sell-offs as low as 80 and bears calling for this to go bankrupt, this has gone through even my upgraded price targeted zip Trader U at 185. its rise and consistent level of inflows is just mind blowing.

I love the company and its potential, but it's now trading at multiples as if the growth sector was back in euphoria mode. You also had some analysts upgrade the price target to 290, which is totally whack because not too long ago analysts didn't want to touch this because it was going down. That means bad stock. Now the sun is going up and analysts want to feel like they're right and they're upgrading it to the moon.

In my mind, I have no doubt that upstart will eventually earn this valuation. But when you're factoring in a valuation that says everything's gonna go perfect for the next three, four, or five years, what incentive is there to hold it? besides just having it as a momentum play and selling out at the stop loss or whatever, this is a high conviction play of mine. and I just have to say I still believe that it's very, very overvalued. I'd love, I'd love to upgrade this more, but I think it's factoring in too much.

Okay, moving on. So Cnbc ran a story this morning that said retail investors were net sellers of Amc for first time since February. Data suggests goes on to say shockingly yesterday was the first time that retail investors net sold Amc since February, suggesting that institutional investors were responsible for the eight percent rally. So they are trying to say that for the first time since February, we had a day where more retail shares were bought than were sold.

and it also happened to be yesterday, which was a day where Amc was up and Cnbc cites vendor research. But of course, vandal research doesn't reveal the methodologies they used to come to this conclusion or to what degree cells outranked buys. But it's certainly true that some retail traders who are more momentum based may be more likely to sell during up days. and if you have the majority of retail just buying and holding well, they wouldn't show up in the data to offset that.

But seriously, the elephant in the room here is this is actually a pretty bold statement. How many other stocks can you honestly say haven't had a single day of net retail outflows since February? If the data is correct. hey, this one outflow day really means nothing in terms of a bearish sentiment. What I will say that they picked up on correctly though, is they said the footprint of professional investors has been rising in meme stocks.

Many hedge funds are now trying to anticipate change in retail sentiment and buy these stocks before mom and pop investors get involved. I do agree, and we have certainly seen this in the data. A lot of hedge funds are starting to realize that hey, wait a second if I just go and buy a heavily shorted stock, Retail is likely going to go in and buying after me, and then I can go and pull the rug on them. Which certainly goes to explain why exactly we've been seeing so many different random meme rally runs and why they've been coming and going so much faster than usual.

Anyways, folks that caps off the video if you have any questions, feel free to reach out to us below or join us on Ziptrader Circle if you'd like to learn how to trade. With our step-by-step lessons, our private chat, and of course our daily morning briefing where we brief on what's happening in the market each morning and all of our favorite catalysts, well, I'll go ahead and put a link to that below flood stopper 50 coupon code will get you 50 bucks off before checkout. And lastly, if you're wondering what broker to trade these stocks on, Well, if you're a buy and hold trader multiple days to multiple months or years, well I recommend Public.com Ziptrader. Sign up with our link below and you will get a free stock.

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