Bakes’ Takes Podcast Show Notes Saturday,
October 16, 2021
:27 Why I do this—Bobby, Jack, please listen in.
‘87 crash, journey, technical analysis first, fundamentals second, not right or wrong, just works for me. read WSJ, Barron’s Economist, listen to podcasts, devour relevant newsletters, monitor what Google alerts bring. Point you to them, but if you don’t want to do that, please know that I’ll do it for you and I eat home cooking, I have no conflicts. What are your pain points? Problems you’d like solved? Topics I should cover? Thank you.
Thank you especially Charlie, Justin, Murph from this Luddite.
1:45 Supercast/Patreon levels. Weekly call with me on Discord, teach technical analysis, etc. You help me design the show. Guests I should reach out to. Text like I send to my sons. 610-331-4283.
1:58 Not investment advice. Please conduct, and share, your own due diligence.
2:05 Bakes’ Take—Fan Mail! Calls! Questions! Mike!
Jack—SOFI, FDX, UPS
3:02 Biden, trying to play Santa, Long Beach 24/7, etc.
4:11 $276, $266, average $271 vs. $228, -16%. The sell discipline works. 10x earnings? Don’t care. Dead money. Why would you own this? $234 to $250 now resistance.
7:52 UPS Gap down on earnings, 7/27/21, never good, Dead cat bounce maybe to $200 or so, doubt it breaks above. Labor, goods, simply running out of time.
8:48 SOFI--Last week’s chart…
SOFI--$18.58, watch for big volume, plug into Google Alerts, $16.41
9:17 Agree with thesis—MS? student loans, restart in January, refi opportunity
Higher rates good for them, NIM widen?
Cross selling. Makes sense
Noto—Chamath, high praise
Compete with Robinhood, crypto?
JPM, etc. sick of fintech eating lunch
10:54 Bakes’ Take--$18.58 close! Big volume-yes!
11:03 $16.41 to $19.48,
11:12 33 mil shares short, 4%, not huge, but helpful
11:26 Bakes’ Take—I encourage you to let markets point you to opportunity, rather than news, etc.
12:09 Square/SQ—close below 200 dma, big volume, great company, 144 P/E
12:48 SQ—low volume, stalling at resistance. Watch for 50 dma cutting down through 200 dma, then 200 dma turn down.
13:13 Bakes’ Take—If you have a DDM you would bet your life on different story. Sell discipline kicked in works very well, if hit new highs so be it.
13:58 BUT…Good example for Bakes’ Takes+--I will monitor your stocks/ETF’s alert you of buy and sell points. What else would you like?
14:20 Coinbase/COIN--$280.61, watch for NH, volume picking up
Charlie—Virgin Galactic/SPCE
Last week’s chart…
15:39 SPCE-space tourism? Not where want to be, Chamath has sold lot of stock
16:17 $23.23 down to $20.29. -14%+
Michael Sheetz, CNBC—Virgin Galactic stock plunges after company delays spaceflight tests to 2022
17:22 SPY—daily, gap down, close below 50, so far low volume rally to underside/resistance, just warning sign for now
18:15 AAPL—ok
18:41 MSFT—ok
19:08 AMZN—ok, Christmas logistics have to hurt
19:39 FB—not ok, but still respecting 200 dma
20:38 GOOGL--ok
20:42 Bakes’ Take—20%+ of the SPX, ok, but just ok, again, seems tired, do companies get pass on earnings due to logistics, labor, energy, does not seem transitory
21:15 Bakes’ Takes—My Themes/Groups
21:33 URNM--$71, $75, $80 now, likely consolidating base from here to $98, building next launch pad, volume increasing nicely, 96 RS, let THIS winner run!
22:13 Bakes’ Take—Will alert you to the next URNM, searching hard
22:36 Bakes’ Takes-Gray Swan
23:48 Bakes’ Take-Lot of podcasts discussing now. Taiwan, Evergrande, HK, Tech, list keeps growing!
Bakes’ Take—Podcasts of the Week!
23:48 Bakes’ Take— Will catch up on podcasts, reporters, charts, etc. wanted to address Jack first.
Bakes’ Take—Reporters of the Week!
Bakes’ Take—
Bakes’ Take—Charts/Tweets/Posts of the Week!
Bakes’ Takes-
Bakes’ Take— Newsletters of the Week
Bakes’ Take—
Bakes’ Ooh La La—
Bakes’ Take—
23:54 Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please, please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like.
Thank you for listening, Mike Wilson is my producer.
Have a great week. Bakes
24:25 Bakes’ Much-needed levity…
https://www.youtube.com/watch?v=neUaSTSKFZc
Official Ron White - I Got Thrown Out of a Bar
