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Cliff Notes: Is it Too Late to Buy Tech Stocks · Earn Your Leisure

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Speaker 3: Is what's going on? You are now locked in the
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Speaker 3: cliff notes. The number one place for investment strategies, tips
2:04
Speaker 3: and advice tech is.
2:06
Speaker 5: This is the question that everybody has been asking because
2:09
Speaker 5: a lot of people are heavily invested in tech, and
2:11
Speaker 5: it was down heavy, had a strong well, had a
2:16
Speaker 5: decent rebound today, but it's still close to all time highs.
2:20
Speaker 5: So what are your what are you guys opinion on
2:24
Speaker 5: the future of the next couple of months for tech stocks.
2:29
Speaker 6: I think it was a mistake for Jerry Ronstorff and
2:32
Speaker 6: the Chicago Bulls organization to break up Michael Jordan and
2:36
Speaker 6: Rodman and Pippin And for those of you who get
2:38
Speaker 6: off the tech train early, you're doing the same damn thing.
2:42
Speaker 6: You go look at every Okay, you go look at
2:46
Speaker 6: every top five fund managers.
2:49
Speaker 4: They are all heavy tech.
2:52
Speaker 6: Just because you don't like it or you're trying to
2:54
Speaker 6: be controlled, you don't have to be contrarian. A lot
2:56
Speaker 6: of the money is made by following what the whales do,
2:59
Speaker 6: so we're the small fish. Let's follow what they're doing.
3:01
Speaker 6: This has always been my thesis because we live in
3:04
Speaker 6: a tech economy. I know it was a conversation of
3:09
Speaker 6: value versus tech and all that.
3:11
Speaker 4: That's just for headlines.
3:13
Speaker 6: The indexes are the value, the tech is a tech
3:15
Speaker 6: pick two quality wants to shoot like buy them. Everyone
3:18
Speaker 6: close your account, don't look at anything else, Like what
3:21
Speaker 6: do you think we're not we're gonna stop using as
3:23
Speaker 6: much technology. Most people aren't taking a shower without the
3:27
Speaker 6: phone in their hands. Do you think all of a
3:29
Speaker 6: sudden people gonna go away and just like going back
3:31
Speaker 6: to like writing love notes and classic and like.
3:35
Speaker 4: Don't don't sell yeh tactic.
3:39
Speaker 3: It comes into the point where you just said about
3:40
Speaker 3: the classifications of some of these ETFs, right, and so
3:44
Speaker 3: xl K.
3:44
Speaker 2: Obviously we know is the tech Tector.
3:47
Speaker 3: Fund for Spider, But if you look at the other
3:49
Speaker 3: companies that are in some of these other ETFs inside
3:52
Speaker 3: the Spider fund, right? Facebook? Could that not be technology? Amazon?
3:55
Speaker 3: Is that even that technology? Tesla?
3:58
Speaker 6: Is that not technology if you're not mining crypto out
4:01
Speaker 6: of a tree?
4:02
Speaker 2: Right? Right? And even that right like Visa massacre? Are they?
4:07
Speaker 2: These all have tech roots?
4:09
Speaker 4: Right?
4:10
Speaker 3: So if you look at all these funds, majority of
4:13
Speaker 3: them pretty much are tech if you think about it, right,
4:16
Speaker 3: So they all have roots in it. Even now I
4:18
Speaker 3: could argue that Disney is a tech right. We argue
4:20
Speaker 3: that Domino's is a tech is a tech company that
4:23
Speaker 3: is disguised as a fast food restaurant, right, So it's
4:26
Speaker 3: everywhere around you to say that, hey we're getting off
4:29
Speaker 3: this boat.
4:29
Speaker 2: I don't know how you get off. How do you
4:31
Speaker 2: get off?
4:32
Speaker 6: You know who isn't EXI mobile getting slaughtered, not your
4:35
Speaker 6: gass slaughtered. So got to pick even like GEGM, they're
4:43
Speaker 6: making a transition. But if you just go look over time,
4:45
Speaker 6: like even ge Sergeant Slaughter Margins. Got to make the
4:51
Speaker 6: adjustments over time, Like if this is nineteen eighty, I
4:53
Speaker 6: would be the biggest oil and gas fan.
4:55
Speaker 4: Ever's not eighty anymore.
4:58
Speaker 6: So as we adjust, and then if and gets us
5:00
Speaker 6: to the moon, I'm gonna be platonium rocks. Anything that
5:04
Speaker 6: can get us a space great, I'm gonna be for that.
5:06
Speaker 6: And whatever aliens are running that civilization, i'mnna be pro.
5:09
Speaker 6: I'm gonna be like mars etf Man. Until then I'm
5:12
Speaker 6: going to play whatever the predominant sector.
5:14
Speaker 3: Is exactly Like Google is a perfect example. Right, Google,
5:17
Speaker 3: that's an XLC But why is that not an XL Xlkay?
5:21
Speaker 2: Right?
5:22
Speaker 3: Think you think Google, Google, you think YouTube? This is
5:24
Speaker 3: these are tech. This is all based in tech, but
5:27
Speaker 3: you know it is what it is. So like I said,
5:28
Speaker 3: I don't know how you get out of.
5:29
Speaker 2: The space.
5:32
Speaker 6: If you get out of tech right now would be
5:33
Speaker 6: the biggest mistake that you guys have it. But you, guys,
5:35
Speaker 6: this is the fun part about a vestling. You can
5:37
Speaker 6: do whatever you want to do, do whatever cars are
5:39
Speaker 6: run on.
5:40
Speaker 2: Tech increasingly increasingly increased.
5:44
Speaker 6: Technology is the lifeblood of our society and it will
5:47
Speaker 6: be for like the next fifty years.
5:50
Speaker 4: You can run it Apple.
5:52
Speaker 5: The rumors of Apple's demise is greatly.
5:54
Speaker 2: Please stop some.
5:56
Speaker 4: Of your shares please, I'll take them if you think
5:58
Speaker 4: that they're gonna go under.
5:59
Speaker 6: With Tim Cook arguably is the Steve Jobs of operations.
6:05
Speaker 6: I could argue, man if Elon had a Tim Cook,
6:09
Speaker 6: they would probably be at three thousand now. And you
6:14
Speaker 6: guys are gonna say he doesn't need it.
6:16
Speaker 4: He does. Do you need a counterbalance?
6:18
Speaker 6: So as great as Steve was, that the creativity the
6:22
Speaker 6: operations manager helps a hell of a lot. I think
6:23
Speaker 6: they wrote roll out too many products. But if Elon
6:26
Speaker 6: had another hymn in operations or R and D, my god,
6:31
Speaker 6: it like.
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Speaker 4: Those other pieces are needed.
9:25
Speaker 3: Shout out to Leon and the chat. Shout to Leon
9:27
Speaker 3: hei Arni. He said, what about uranium stocks. We actually
9:29
Speaker 3: spoke about that when we were talking to Francis maybe
9:32
Speaker 3: maybe two or three weeks ago.
9:33
Speaker 2: He was speaking about uranium stocks. But you know, I
9:35
Speaker 2: want to talk about Square really quick because I know
9:37
Speaker 2: we're gonna go to.
9:37
Speaker 3: Questions and I don't know, I haven't heard anybody talk
9:40
Speaker 3: about this really, but it actually has its own in
9:43
Speaker 3: house bank. It launched at the beginning of the month.
9:45
Speaker 3: Like I haven't heard anybody talk about it. But that's
9:48
Speaker 3: a huge deal.
9:49
Speaker 4: And where is the new JP Morgan?
9:53
Speaker 3: So Square financial Services the number one goal right now
9:56
Speaker 3: is to offer business loans, and so I want to
9:58
Speaker 3: see what the detail that is. We talking small business,
10:01
Speaker 3: are we're talking large caps. That's gonna be interesting to see.
10:03
Speaker 3: I want to see the details that come from this.
10:05
Speaker 3: Obviously we know Square. This Ian's one of his favorite choices.
10:08
Speaker 3: But yeah, man, like that kind of went under the rug.
10:11
Speaker 3: Nobody talked about it. I'm like, do we not just
10:13
Speaker 3: see this?
10:14
Speaker 6: I mean maybe Hove was like, hey, let's keep this
10:16
Speaker 6: on a hush hush and he gonna usher in one
10:19
Speaker 6: of them fifty to fifty joint venture deals like he
10:21
Speaker 6: did back in it. Like if they have all the
10:22
Speaker 6: customer data and they know what customers want and they
10:27
Speaker 6: can provide the financing because interest is low, what advantages
10:32
Speaker 6: of America have over them? Bank of America doesn't have
10:35
Speaker 6: as many data points as fast and with the acquisition
10:37
Speaker 6: of title, you can go into interest. So now I
10:39
Speaker 6: can get a forty two year old woman in the
10:41
Speaker 6: middle of Missouri, Saint Louis, Missouri that is just not
10:44
Speaker 6: opening up a beauty salon. You know all of our
10:46
Speaker 6: interests and what her playlist, and I can put an
10:48
Speaker 6: ad next to her when she's playing magnae stallion ol
10:51
Speaker 6: right right then she throwing a sweetie shot a quavin.
10:56
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11:12
Speaker 6: do that right now?
11:14
Speaker 4: Not one.
11:16
Speaker 6: Data data is the like they can literally you gots
11:21
Speaker 6: seen the movie back in the day, like what women Want?
11:23
Speaker 4: Like Square can literally read every business on his mind
11:25
Speaker 4: and tell you what you need.
11:28
Speaker 6: That's a huge asadvantage opposed to going through the traditional
11:30
Speaker 6: lending process like that game changer.
11:35
Speaker 3: Yeah, and I was like, this is kind of I
11:37
Speaker 3: didn't see anybody really reported. I kind of read stumbled apart.
11:40
Speaker 3: I'm like, wait, huh, nobody's talking about this song. I'm
11:43
Speaker 3: just putting that on your radar. Keep an eye on
11:45
Speaker 3: that when more details can come out. Obviously, we're going
11:48
Speaker 3: to give you everything that we know, so definitely keeping
11:51
Speaker 3: ian real quick. I'm gonna do the earnings report because
11:53
Speaker 3: it's kind of a slow week for anything that we've
11:55
Speaker 3: talked about. However, tomorrow something very interesting will be happening.
11:59
Speaker 3: This be called gamest album reporting.
12:02
Speaker 4: Hey look, can.
12:03
Speaker 5: We just talk about that real quick? Actually, just the
12:05
Speaker 5: elephant in the room. Everybody on YouTube, everybody's always looking
12:08
Speaker 5: for something. Not everybody, some people are looking for something.
12:11
Speaker 5: So in some comments I've seen previously like, well, you
12:14
Speaker 5: guys have to admit when you're wrong.
12:16
Speaker 2: You got that wrong.
12:17
Speaker 6: I was wrong and paid out, but I'm still ninety
12:20
Speaker 6: five percent, which.
12:24
Speaker 4: I believe.
12:26
Speaker 2: Sometimes you have.
12:27
Speaker 6: There's nothing wrong with being wrong, that's true, and I'm
12:30
Speaker 6: the only person if I'm.
12:31
Speaker 4: Wrong, I pay out.
12:33
Speaker 6: So if that's the one archer that I didn't it
12:35
Speaker 6: didn't drop to seventy two, but it did drop from
12:37
Speaker 6: fort eighty three to one ninety four.
12:38
Speaker 5: As if I was about to say that did happen.
12:40
Speaker 6: There was like nine people in red Pan that made
12:43
Speaker 6: half a million dollars off the shorts.
12:45
Speaker 4: I was wrong.
12:45
Speaker 6: It didn't go to twenty four bucks, but when it
12:48
Speaker 6: does later, I'll still be wrong, but it will go
12:50
Speaker 6: to that price.
12:51
Speaker 3: I'm interested to see what happens because it's gonna happen
12:53
Speaker 3: after closing tomorrow, and so I will.
12:56
Speaker 2: I mean, if they don't have do you think they
12:59
Speaker 2: meet revenue? Do they do? They do they meet to beat?
13:01
Speaker 3: Because I mean this is going off of the fourth
13:03
Speaker 3: quarter where they you had two brand new systems come
13:06
Speaker 3: to the market, but they had limited quantity of it, right,
13:10
Speaker 3: and then if you think about the digital space when
13:12
Speaker 3: it comes to gaming, that really doesn't help them, right
13:15
Speaker 3: because people can just put the content right on the device,
13:17
Speaker 3: and so now I don't need your store. So I'm
13:19
Speaker 3: interested to see what happens to the stock tomorrow after full.
13:22
Speaker 2: I think it's whatever. Whatever.
13:24
Speaker 5: People sometimes you have anomalies that don't fit what are
13:28
Speaker 5: supposed to happen in life, and that's part of that's
13:30
Speaker 5: part of it.
13:30
Speaker 6: That's a part of your trading plan to part of it.
13:32
Speaker 5: And this GameStop situation is shown that people are very
13:35
Speaker 5: powerful pep power to the people.
13:38
Speaker 4: But it wasn't the people that well, and.
13:41
Speaker 5: It still was a person people had fun. Whatever it was,
13:45
Speaker 5: it was manipulated.
13:46
Speaker 6: That's like Steve Stout saying I'm going against the system
13:49
Speaker 6: and then put out an album through Island.
13:52
Speaker 5: Yeah, I mean, but regardless, it's you know that the
13:54
Speaker 5: prices was, it's not had nothing to do with fundamentals,
13:57
Speaker 5: had nothing to do with technical analysis. It has everything
14:00
Speaker 5: do what you know. It was moved.
14:03
Speaker 6: That happens and for those who got in on it,
14:05
Speaker 6: and even then being able to get out of that
14:08
Speaker 6: and reissue and take you advantage of the corporate bond thing,
14:11
Speaker 6: like you guys really need to go look at how
14:12
Speaker 6: much money was made on that like it was a
14:16
Speaker 6: It was a good move, but it'll be over relatively soon.
14:20
Speaker 4: Well played.
14:21
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Speaker 6: Now my graduates from my school being forced back drop drop,
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Speaker 6: Mike drop.
14:44
Speaker 2: Back drop drop.
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