Investor's Edge with Gary Kaltbaum - Broaden even more [07.10.2025]

Episode Date: July 10, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:26 VALA through 327. Selection varies by location. Raw supplies last. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host.
Starting point is 00:00:44 A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It is Thursday, July 10th, 2025. Hope you having a good day. I am. Lots to cover. Serious talk on everything that affects you.
Starting point is 00:01:06 We will do the markets, the economy, your job, your industry. Tariffs, debt, deficit, scams and shams got one to talk about today. And anything else that comes to mind that I think matters to you. Simplistic is that. But ladies and gentlemen, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on X feed. used to be Twitter. We also post it on the podcast apps.
Starting point is 00:01:38 And if you'd like to email me, all you've got to do is be nice. That's all we ask. I had an email from somebody today. People are weird. And not in general, but some. I got an email from somebody today to tell me, I don't even know what word he used,
Starting point is 00:02:00 but at the bottom of the bare market it in 08, I was bearish. This is what somebody comes up with to email me and say to me, I don't know what I'm doing. It's amazing some people. In fact, in March of 2009, the same day O'Neill and IBD called a confirming follow-through day, let's see what happens. So did we. And it did turn out to be the low. Remember, we don't call bottoms. We let you know when the market potentially is showing the bottom. We look at characteristics of markets. And the main characteristic of bare markets, bare phases ending is what is known as a follow-through day. Yes, it is one day. It's where you hit a low in the market
Starting point is 00:03:04 Then after four days later You get this big volume up day And of course you're gonna need leadership And all that crap And right in March we got on this radio show And said just letting you know Today we had a follow through day A confirming follow through day
Starting point is 00:03:22 That does not mean it works As we have stated When you get one You hope it works but not everyone has worked. And typically the rule is if you get serious selling within a few days of one, it's usually a fake out. And there have been plenty of those days that have not worked.
Starting point is 00:03:44 That one did. Anyway, Mr. Dufus, who decided to email me about something 16 years ago, find something better. That's all I can say. But, Mia Culpah, I believe it was, yesterday I said on this show that nobody has been fired in the weather business, the hurricane business, the NOAA business, when in fact, back in February, hundreds of weather forecasters and other, I'm reading from here, and I confirmed, and other federal national
Starting point is 00:04:29 oceanic and atmospheric administration employees were on probationary status. I guess that moves from maybe internship to whatever. They were fired. Just letting you know, I was wrong. But what I was right about is that in this Texas tragedy, they were full staffed. They're doing a post-mortem now about what happened, who's right or who's wrong or whatever. we'll find out more and we'll report it to you all I can tell you is I think they found some more bodies today there's still plenty of people missing wow what a freaking tragedy I think what will probably come by the way thank you Chris for putting me you know I was wrong on that people were fired by the
Starting point is 00:05:27 doge I think what we're going to find out is that they were not vociferous enough or timely enough on getting them out of there. Anyway, we move on and we segue. Last Tuesday, I was in London and it was 9 p.m. And I was pretty much half asleep. that day in the morning I walked about 10, 11 miles through London, sat down in front of my four screens in my hotel room where the maid was laughing at me. She asked me what I was doing, and I said, I'm lifting off rocket ships, and she laughed. That day, we did come on radio, and this is what we basically said to you.
Starting point is 00:06:36 And, you know, one day I'm going to start playing things back for you, but I'm pretty good at. We told you that we thought the broad market turned the corner, turned up, came out of the coma. We told you housing, housing related, transports, economically sensitive stuff, the industrial type. the construction types. And basically the thought process was pretty simple. It's a liftoff. Doesn't mean it has to work. But to our eyes, it was a turning of the corner.
Starting point is 00:07:34 As you know, we pride ourselves on looking at a photo album for familiar faces. And one of those familiar faces is how things. put in bottoming process after a bear market and then the turning up. One of the great technical alonists of all time Stan Weinstein calls it moving from stage four into stage one and then potentially at the stage two. Go get his book, how to make, excuse me, the secrets for profiting in bull and bear markets by Stan Weinstein. You can get it on Amazon.
Starting point is 00:08:12 It was written a long time ago, so some of it's dated. like the GM indicator, but it teaches you stage analysis. O'Neill's different. He's into leading stocks and leading groups and breaking out. Anyway, we thought that all these areas were going through one, getting to two, and that is the bottoming and advancing stage coming out of a bare market. That was last Tuesday. For a few days backing and filling, some things kept going up, some things pulled back.
Starting point is 00:08:51 But then yesterday we came on the show and told you, man, we got a nice little confirmation today of what happened last Tuesday. But we're going to stay on it on a daily basis because you just don't know how long something's going to last or how far something's going to go. well we're just letting you know another good day for those areas transports are up 413 points today i think at one time today the transports are up like 550 let's see 16 480 160 how about 570 points so finally a little bit of pull back towards the end of the day The home builders, another good day.
Starting point is 00:09:47 They were up 2%, finished up 1%. Economic sensitive names. Caterpillar, up 6, United Rentals, up 15. Those are the two we always talk about. Financials, very good day. Commodity types, very good day. Thank you, President, for a 50% tariff on copper. whatever. Retail, pretty good day. Auto dealers, pretty good day. Construction types, pretty good day.
Starting point is 00:10:23 So we're just let travel, pretty good day. So we're just letting you know the last Tuesday, that day that we thought they woke out of their coma. It continues. And again, to what extent we don't know, but you know how we also know it continues? Advanced declines on the New York 2833 up, 1295 down. We'll just start with that. We'll just start with that. Up next. More of the markets.
Starting point is 00:11:06 Thanks for being here. I'm Gary. This is the one only investor's edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed.
Starting point is 00:11:47 We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59.
Starting point is 00:12:18 That's 8-8-5-59. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital, management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get to
Starting point is 00:13:03 stomach ache every time that I eat and it just becomes like a lifestyle where oh yeah you know I just I have a stomachache or I'm constantly feeling like gassy and all of those things are not something that generally if you have a healthy gut you should be living with so that's when we deep dive we deep dive into your medication we deep dive into your OTC medication and then at that point we can probably identify something that we can change here the full conversation plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription
Starting point is 00:13:48 eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dim or dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. On Deck is built to back small businesses like your Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDEC's loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on.
Starting point is 00:14:18 Apply in minutes at ondac.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amount subject to lender approval. It's time to switch on the integrator units and get the break. plane sales working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. Now, what would drive the broad markets? I don't care. I just react to what I see.
Starting point is 00:15:11 By the way, airlines, Monster Day today, United Airlines up $11.5.91 and $71, $1,7.00, up $6 to $56.78. What is this, about 12 percent? Southwest Airlines, up 281 to 3735. Do you remember Southwest Airlines somebody bought like $30 million worth of stock? I believe around, I got to remember. what price the guy paid. But like 30 million bucks. And I'm looking right now so I can, yeah, they paid 30, 31 bucks.
Starting point is 00:15:56 Director, some guy named Rakesh Gangrel, bought crap loads from September, October, and then you had a bunch of directors buy in January already into 80s. April, from 27 to 31, Southwest Airlines is now trading, if I can find it, at 37 and change. So even the airlines, and by the way, Delta made an announcement that their regular parts of the airplane, not the first class, were down 5%. yet the stock soared. What does that tell you?
Starting point is 00:16:44 Remember, it's not the news, it's how the markets react to the news. By the way, I announced to you the Southwest Airlines big buying, that one guy I did not see, and I'm kind of P-Oed. A bunch of others bought the crap out of it. Wow. I miss that. Dummy me. Anyway, Southwest Airline stock broke out six-month trading range today on double the average volume. And in case you don't know, Southwest Airlines is retooling their whole thing.
Starting point is 00:17:22 By the way, I don't own these shares. I may own them soon. They're retooling. They're going to be charging for bags, also for seats, you know, before you had that little cattle call, ABCD or whatever that. I always would say to them people that work, are you ever going to change that crap? Anyway, they are and I guess the market likes it. So the airlines, and if you go look at the JETS, JETs, JETs, Jets, Jets,
Starting point is 00:17:52 that's the ETF of the airlines. That broke above some range and is testing the highs of January. So that's just another area, what we call stuff area, that had a good day. If anything changes, we will gladly let you know. But we are just letting you know the broad market another good day. Big banks bounced after getting downgraded. Need to mention that also.
Starting point is 00:18:33 There was some not so good outcomes today. A lot of the glamour names. got smacked. Netflix down 38 bucks? That's not good. CrowdStrike down $25. That's not good. How about CyberArk?
Starting point is 00:18:58 Down $29. That's not good. You ready for this one? AX-O-N, Axon. This is that military law enforcement devices down $73, 9%. $9%, it's a higher price name.
Starting point is 00:19:16 That got whacked. How about Intuit? Down $20 today. That broke some support today. And I can go through others, but oh, service now. Down $45. Big breakdown today for that one. And other software security companies just got smacked to smithereens.
Starting point is 00:19:38 Checkpoint software, down $10. bucks Palo Alto networks down 14 bucks a team that's software related down 21 dollars to 200 uh I saw a few others auto desks but they're buying somebody down 21 dollars today how about um there were few I know there was a couple others I had on my mind well I think I made my point just a very rough day for, oh, Mercado Libre, down $75, was down $110 at one time today. So there was some icky outcomes, so we have to keep a close eye on anything we own because you never know what they're getting next. That said, that money flowed elsewhere. And that money flowed elsewhere. And Those areas I mentioned, you should be checking them out.
Starting point is 00:20:43 We're not going to tell you to buy, sell, short, cover. We're just going to let you know what we see, what we think, and that is all. Interesting enough, what's our big avoid right now? It's those managed care stocks. They were all down today in an up-192 Dow Day. What else did we tell you as a void? How about the payroll companies? ADP and paychecks were down again.
Starting point is 00:21:13 I think you can add another little one small. How about Quest Diagnostics and Lab Corps? You give them your blood. Those are topping out. Just letting you know, I don't know if it's that healthcare thing. Just letting you know they're topping out. We already discussed insurance is in trouble and would avoid that. but the broad market pretty damn good
Starting point is 00:21:39 oh Argentina we told you recently it topped out that was weeks ago Argentina topped out big time as a group but no biggie I don't have much to complain about except if you own some of these that got stung today and of course you get to decide
Starting point is 00:22:03 but overall I thought you know the broad market Bitcoin up again today after being down Bitcoin is at a new all-time high today. Boy, I'm getting asked a lot about it. And all I can just say, it's at an all-time high today, broke out to all-time high. That's all. You get to decide. Ethereum is much weaker, and we've been saying that all along.
Starting point is 00:22:35 And do not forget, there's over 30,000 coins. they try to foist upon you that are at zero. We think Bitcoin stays where it is because you got that guy at micro strategy, borrowing all kinds of bucks and issuing all kinds of stock to keep buying and buying. And now you have the administration all over the Bitcoin crypto crap and it be working. That one. We'll see where it goes. Up next, scams and shams.
Starting point is 00:23:11 and whatever else. I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.
Starting point is 00:23:58 A lot of what I see is just like chronic, bloating, chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.
Starting point is 00:24:19 So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation plus a lot of. fascinating facts about how gut health affects so much more than just your stomach on Beyond the script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop
Starting point is 00:24:49 to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dim or dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDEC's loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. OnDec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota all loans and amounts subject to lender
Starting point is 00:25:27 approval. You're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him.
Starting point is 00:25:50 And welcome once again to Investors Edge. Hey, yo. Okay. So every now and then, we read about another scam, another sham, another sham, and we feel it's incumbent upon us to just tell you about it and make sure it doesn't happen to you. And I know a lot of you say, oh, that's so stupid. And there's a lot of people that fall for things or just don't know about things. So this one's a weird one.
Starting point is 00:26:24 This one's a weird one because of the reaction. Minnesota Vikings outside linebacker Dallas Turner was allegedly a victim of a bank fraud scheme. that resulted in a theft of 240,000. Quote, from a police sergeant, through our investigation, several suspects have been identified, and we are working toward criminal charges to hold them accountable. Only $2,500 of the stolen funds have been recovered, and the investigation remains active.
Starting point is 00:27:02 Okay, let's get to the weird part. per the affidavit, someone impersonating a banker at J.P. Morgan Chase called Dallas Turner up on February 19th and told him that someone was attempting to impersonate him at a Chase bank branch in Arizona and presented two copies of ID to execute a wire transfer. The call. The call. The call. The call. The call, instructed Turner, get this, to transfer money to two separate businesses to prevent the attempted theft. So Turner then, get this, went to two Chase Bank branches to transfer $120,000 each to two separate LLCs that he never heard of. What is wrong with this picture? So somebody calls him from Chase and tells him that somebody's trying to impersonate him.
Starting point is 00:28:21 So he's told to transfer the money before it's taken to two LLCs mentioned to him by the person on the phone. But he went to the bank and did it, which begs the question, if this is true, This gentleman, Dallas Turner, is a doofus. You're at the bank. You see you got the $240,000 still there. Hey, Mr. Bank Manager, and that's the end of it. The bank manager would have said, it's BS. It's not true.
Starting point is 00:29:09 And you're good. And if you're worried, here, let's transfer it into another account or put in another bank. No, he sent it to these two LLCs, and that was it. So very weird. So ladies and gentlemen, a couple of things. Number one, the IRS is never going to call you to send any money. Number two, if somebody calls you and tells you one the mega millions, they're lying. Got that?
Starting point is 00:29:43 Number three, if you meet somebody at temple and church and they tell you they're buying cigarettes and main and selling them in California and they're making 200% of their money and please give me 50 grand because I'm going to make you all kinds of money, there's nobody that nice. No, really. I have to tell you, if I had something like that, I'm not telling you about it. I'm keeping it to myself. I'm not that nice. So that's a scam. Anybody tells you they're diverting food from one state to a. It's a scam.
Starting point is 00:30:14 You got that? It's pretty simple. And the higher the number they tell you, the quicker you run, and the farther you run. Because just think of human nature. Just think of it. It's human nature. Why would anybody be so nice to you that doesn't know you? They're going to make you 100% on your money.
Starting point is 00:30:43 Just hand them the 50 grand. So be careful. People at your bank, be careful. Anybody who wants to get into your computer by calling you? No. No. Because they're going to take over your computer and find your passwords. You got that?
Starting point is 00:31:12 Give nothing out to nobody. To nobody. It's a pretty simple rule. Pretty simple. my favorite one of all time is somebody called me and told me I won mega millions but send me
Starting point is 00:31:31 5,000 bucks via Western Union to somebody in Boker Atone and they're going to send me my millions and I just said listen I got a better idea I will give you a hundred grand
Starting point is 00:31:44 send it to me oh we can't do it and the guy definitely sounded Jamaican it was probably from Jamaica or some other country just be smart. Unfortunately, in this great world of ours,
Starting point is 00:32:01 they're a bunch of bad scumbags out there. And you know what they'll do to you? They'll take your last time. I met a woman years ago in New York City, wanted to invest with me. But she had a problem. She gave 600,000 bucks to people she never met that lived in terms.
Starting point is 00:32:24 about how they were going to do this, that, and the other thing. And then when she asked for her money back, you know what they said? They're going to call the IRS on her and have her arrested for doing what she was doing. And she was in her 70, so she scared crappless. And that was the end of that. She never spoke to them again. And I just asked her simple, what were you expecting to happen? How are you given $600,000 to people you have never met and don't know in another country?
Starting point is 00:33:02 And you know what they did? They started at 50 and then 75 and then 100, then 150. And they kept going and going and going and they would have taken every freaking dime of hers until she finally questioned it. And that's when they threatened her. So don't fall for that crap. You got that? You want to be scammed? play the lottery.
Starting point is 00:33:28 That's one of the great government scams of all time. At least you know how much you're going to lose and maybe 250 million to 1 you'll win one day. Not. And that is all on the scams and shams. And again, I don't
Starting point is 00:33:47 understand. The guy, it says he walked into the bank and still did the transfer to these two obscure LLCs instead of speaking to a bank manager. I could have saved this guy 200, some odd thousand bucks. Too bad you didn't know me. Anyway, that's my scams and shams of today. And by the way, I read a lot of those. It's amazing. And some very smart people, some very smart people get caught up in this crap.
Starting point is 00:34:29 Segway in back. And by the way, we're not going to do any tariffs today, any government. any of all that crap because it's pretty much nauseating at this point in time what we do care about if you can help out what's going on in Texas I believe there's a way of giving make sure you give to the right place because I got to tell you there's an absolute catastrophe in southern Texas I used to have an office in new Braunfels many years ago Visit it maybe three or four times. It's beautiful down there. I can only, man, I don't know if you saw some of the video.
Starting point is 00:35:20 Respect the weather. Ladies and gentlemen, I don't respect the climate change BSers. We've had floods since the beginning of time. They're trying to tell us it's all climate change. Yeah, right. What happened to global cooling? Everybody's out for your bucks, ladies and gentlemen. Everybody's out for your bucks.
Starting point is 00:35:48 I'm still waiting for some of them to get arrested for what they did at the end of the four years of the Biden administration. Stacey Abrams. We move on. Up next, Hong Kong. Great place to visit. Be careful of the stocks.
Starting point is 00:36:14 That's up next on Investors Edge. Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And the just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally,
Starting point is 00:37:16 if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Here the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dim or dark vision, headaches, and
Starting point is 00:37:55 eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. On-Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On-deck's loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau, and earning thousands of five-star trust pilot reviews. On-Dec delivers funding you can count on. Apply in minutes at on-deck.com.
Starting point is 00:38:19 Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dek does not lend in North Dakota all loans and amounts subject to lender approval. You're listening to... What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!
Starting point is 00:38:37 Investors Edge with Gary Culper. Welcome once again to Investor's Edge. Silver. Go look at SLV. It broke out of range about four weeks ago. And is now sat for about four weeks. Looks like it's about to break out again. Just letting you know.
Starting point is 00:39:15 You can go look at SLV. It corresponds to the price of silver. Just letting you know. By the way, the Dow is up 192. American Express up eight, Goldman Sachs up 12. We mentioned those bounced. J.P. Morgan up five, bounce. McDonald's up five.
Starting point is 00:39:37 On the downside, IBM, down three. Salesforce.com, very weak software down seven. And United Health can't find a friend. That was down three in change. And by the way, we're at 44-6 on the Dow, and United Health is still down 2,000 Dow points since April. Just letting you know. And yeah, there's still, oh, by the way, like a Walmart's breaking down here.
Starting point is 00:40:08 Costco came out with good numbers and sold off. I think that's the 60 times earnings thing. You've got to be careful. Which takes us to Hong Kong. I've been to Hong Kong three times. I love it there. Fabulous place to visit. I love it there.
Starting point is 00:40:30 And I've only been to China once. I loved it. I still believe that the Great Wall of China was built by aliens. I don't know how anybody could have built that. Any human being. How far it goes through the mountains up and down and all around. Saw the terracotta warriors, which were amazing. Just fabulous place.
Starting point is 00:40:57 But them stocks. And we're just talking about some Hong Kong stocks. So I don't know what's going on, but they've been some very speculative China slash Hong Kong based stocks. And I'm doing a little repetition here just to make sure you are being on the careful side. because some of them have made unbelievable moves and just croaked. I mentioned, I don't know if it was yesterday, day before, PHH, $4 IPO. Company really has no sales, rallied up to 16, sat between 11 and 16 for a few weeks, and rallied up in three weeks up to 41 bucks.
Starting point is 00:41:50 Yesterday, it went from $41. and closed the $2.82. Two days ago. Yesterday, it went from $282 down to a buck six. I don't see any news. All I know is it crashed. And it stopped trading. It stopped trading at $38.5.
Starting point is 00:42:18 And opened up at $6.75. We just want you to be careful of these things. Because also, and we don't make this crap up. SKBL, a $4 IPO. They actually look like they got revenues. Three days ago went from $12.45 to $1.44. Same day. We mentioned to you what happened a few years ago.
Starting point is 00:42:58 And the reason why I remember it so well is because I was in the south of space. with the fishmen's hanging out we played valderrama great golf course one of the top ten in the world and it was so freaking hot and we walked the whole joint and I played the words golf day I had in years but it was beautiful there Sevilla other places one the started with an M I forgot that Marbella anyway symbol HKD HKD Hong Kong stock Don't ask me why
Starting point is 00:43:46 But it went for And I'm not making this up And I don't know what drives the stuff But it was a $7.75 Scent IPO And in days it went from $7 and it opened up at 19 Excuse me opened at 13 went to 19
Starting point is 00:44:07 then one day went to 180, the next day it went to 400, the next day it went to 760, the next day it hit a high at 2555. Imagine that, $7 IPO went to $2555, close that day at $1679. Three days later was back to $194. Guess what the stocks aren't now? $1.82. Guess how much revenues they have? I don't know. because when I see the numbers at the bottom and they all the same every quarter, it's kind of weirds me out.
Starting point is 00:44:46 So I don't know what's going on with Hong Kong names. And it's not all of them, of course, but there's a lot of them. Just don't be the last one in. And you know what the problem with them? While they're moving higher, people get caught up. I can imagine so. So I just wanted to bring that up one more time. because I'm looking at these two that just happened this week and I'm like, holy crap.
Starting point is 00:45:18 And then there are some that are not Hong Kong names like BMNR BitMine. Like eight days ago was four bucks. Four days later hit 160, closed at 135. Four days later, it's back to 46. Make that 44. And I gather, you know our line. They all go back to where they came from if nothing changes. So again, we don't know what drives these things.
Starting point is 00:45:50 Maybe there's low flow. I don't know what the system is, how something can go from three up to 155. Somebody had to pay that number. Just remember, if a price goes to a number, somebody bought it there. Just be careful. And the reason is I'm finding a bunch of them. We'll stay on top of it. Anyway, good broad market day.
Starting point is 00:46:21 Tomorrow's Friday. I need the weekend. You all have a great evening. Drive carefully when you get home to like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better.
Starting point is 00:46:30 You'll feel better. I promise they will, be well. Stay in good shape, ladies and gentlemen. Be healthy. Good night. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, Go to GaryK.com.
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