Investor's Edge with Gary Kaltbaum - Flip Meet Flop!

Episode Date: August 18, 2022

Follow Gary on GaryK.com or http://garykaltbaum.com

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eBay, things people love. Investors Edge with Gary Cultbaum, straight talk about you and your money. Now from the BizTalk Studios, here is Gary CultBomb. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's the Thursday, August 18, 2022. And you know what we've been doing a lot of lately, trying to protect you and your capital. There's so many other things to discuss and we will.

But we call this Investor's Edge, the name of the show. I forgot who came up with the name many years ago. And we mean that. We want to give you an edge on your investing. But everything else, you know, we do everything else here when it comes to you and your money, your life, the economy, and all that other stuff. And we want to give you an edge no matter what. But we especially want to give you an edge when it is so easy to lose a ton of money. And we listen back to what we say.

We want to make sure what we say is conveyed how we want it to be conveyed. So let me just start off by saying short squeezed. They call it the meme stocks. Bed Bathin Beyond hit 30 yesterday, closed at $18.55 today. Down $4.53. So 30, down to 1855. I'm going to say that's about what, 37% in a day. And of course, there was some news.

the main guy there registered millions of shares whatever that means I don't care but what happens when they come after one well the AMC you know that movie theater was down 9% today in case you don't know it's down 23% in two days

from this recent high Game Stop, not as bad, but 46 down to 38. And then I noticed some other ones that I didn't even know about. I'm not even going to mention the symbol. I got one that was down $5.10 today to $18.67. 21.5%. And as I said to yesterday, I'm pretty good at feeling the tone of what's going on out there. And I don't seek out anything.

It just shows up on my screens because I am set them up in a way where certain information I get. I don't have anything to do. It actually hits me. And I can tell you yesterday the maddening crowd was insane over Bedbath and Beyond. Let me quote you on a few. This thing's got 100 by Friday. That's a quote. It was 30.

excuse me, about 27 when that quote came out. It's got a hundred by Friday. On a company that's on the verge. That's just one quote. Do you want to know about the $250 quote? Do you want the quote, what if it's going to be like a game stop and go into four hundredths? Do you want that quote?

So we just went through a miserable bare market and we may or may not be out of it. Right now we are. Others say it's a bare market rally. That's fine and dandy. And just weeks off the low, these people who I believe most of them have been crushed by these same names are at it again.

My good buddy Charles Gasparino, Fox Business Reporter, Journalist Extraordinaire, has to fight these people off on Twitter. They curse him out for saying, what we say to you, what these things are worth. They make fun of them on any up day. They curse them out every day. For no reason.

I don't think I've ever used this word. Just don't be a fool. You got that? Don't be a fool. A fool is somebody that would pay 30 bucks for a company on the verge. That was four bucks two weeks ago. But Gary, couldn't you've said that about 20? Yes.

And then it went to 30. My theme is based on my theme. And you know what that theme is? Eventually, they're all going to go back to where they came from. We just don't know when. I will promise you this, though. If this is just a bear market rally and it aborts, it did not do that today. Oh, these things are going back where they came from.

bed bath and beyond will be four bucks so I have to start this way because I'm getting dozens of emails on them and I've got to answer all these emails I don't do it sarcastically I don't do it flippantly but I start by asking do you know where the stock was two weeks ago people don't care they don't care it was four bucks they don't care they lost $2.883 they don't know

they don't care that the business is crap They just care if I buy it at 30, even if it was 4, it's going to go to 31 or more. That's all they care about. And that is bad news. That is bad news. I feel sorry for what's going to happen to the last person in who doesn't trade out quickly. Big time, sorry. Because if they don't trade out quickly, they're going to lose their ass.

It'll change their life for the worse if there's too much in there. And I have to repeat. It seems I've been using the word a lot. Stunning that this would be happening just a few weeks off of a supposed bare market loan. Stunning. I'm not saying Bed Bath and Beyond's going to be bankrupt. I'm saying they certainly could be bankrupt. They're losing oodles.

If they announce tomorrow they're shutting their door. I wouldn't be surprised. I'm not saying they're going to. I'm not saying they're even there. Let's be careful. We're not telling you what to do. We're not telling you to buy, sell shorter cover. We're telling you just to know where things have come from, know the risks. And no matter what you decide, make sure you have stops in place. If you did not have stops in place from yesterday, you're down 37%. on bed, bath, and beyond in one day. And that's no fun. And interesting that the head honcho, top dog, big cheese, registered a lot of stocks. And I know there's some controversy. I'm going to stay out of it about what he said and something about options. I don't care.

We follow price. And we don't want you getting caught. Up next. Market wrap. Movers of the day, news of the day. And we have some news of the day. Some real news of the day. 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. 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.

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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 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. 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 some fast. 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. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex 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. Apply in minutes at ondac.com.

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Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Steely Dan. And we'll once again to Investorize. Yes, that was Steely Dan, by the way. And unfortunately, one of the two famed people of Steely Dan passed away a few years ago.

I got to see him twice two days in a row, had front row. They acknowledged me. They knew I've seen them quite the many times. I'm thrilled when I was in London. I got to see the Rolling Stones and Eagles. I think that'll be my last times I see both as we're getting past the past. Now, Springsteen's coming to town in February, but you heard the controversy on his tickets. Supposedly, that was like $3,000, $4,000,000, they call it dynamic pricing and it's getting out of hand.

Beats the hell out of me how that works. Anyway, today's market wrap is brought to you. you by Investment Dashmottles.com. That's Jim Rohrabach, one of the great market timers. No gray areas

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Well, not a lot of movement. We don't mind that. The Dow was up 18, S&P 9, NASDAQ 27, NASDAQ 135. Transports are up 120 after drop in 300 yesterday

and what's interesting today was the semiconductors. We got an email today. Great. question. How did the semiconductors get trashed on Wednesday and lead the market on Thursday? My answer was, I don't know. We can try to come up with an answer. Analog devices had bad earnings and got hit hard and affected it, but to have them all come back up the next day, don't know.

We just care about outcome big picture. And the whole group as a whole, yeah, a whole group as a whole, held the support level that it held last week. Simple as that. Therein lies the answer. And we'll see what comes of it. I've never tried to who's doing what, why, I know all this talk about short sellers and short covering. I couldn't give a crap. When I scan at the end of the day, today I did my scan at 2 o'clock, doesn't factor in who's doing what.

just the roadmap price patterns leadership laggards and as always we close our eyes hold our nose and pray and of course when wrong be wrong fast and be wrong small and when right

try and let them run do you know I bought some I'm not going to say what I bought I bought I bought something a few days ago and I think $421 $421.70. I think I sold it at $421.30. I'm not going to say what. I'm a big believer if

I don't have the great sense of certainty the next day. I'll see you. Bye-bye. And no effect whatsoever. I move on. And of course, if that thing reasserts itself, then I'll take a look. that's just the nature of what I do a little bit different than others if you never lose big you're always around always around that's all so quiet day but strong day for the semiconductors and I see applied materials not a big move in the aftermarket is up uh 2% to 2 and a half percent on their earnings I'll have to take a look which probably means good open tomorrow for the equipment makers. Also have known today

strong day for the oils. So let me say for the record some oils have come into focus and we'll see what comes of it. Oil stocks have not really been in focus for me in a while. There's been a few names that are stronger than others

but we're big believers in the group and the group move. So we'll be scanning oils tonight and maybe there's going to be something there. The question is, how does that affect markets? Because I will tell you, oil prices are up $2.5.5 today. And remember, we told you it's been holding lows going back all the way to April. It pulled off those lows today to the upside.

And it is a very good question. If oil prices start to skyrocket again, what is that going to mean? We'll see. So when you have a chance tonight, go look at the price of oil chart. Look at the O-I-H-X-L-E and the X-O-P, which is the three E-T-Fs, one stronger than the other, which is stronger than the other. But all moving back above moving averages, there are your oils. Other than that, not much more I can take out of anything, except lots of damage done in these short-squeeced stocks. and I really can't say enough to you

for those of you who are delving and diving into that stuff do not be the last one in you're buying hunks of junk and when we use the term hunks of junk companies that are doing poorly losing a lot of money shutting doors and the reason they're able to move these things they're the most shorted stocks in the market

So if they can get the squeeze on, the problem is who are they hurting? The last guy in. So for me, that is front and center and me trying to do what we do best here. Investors edge. Markets are tough enough, let alone handing the money over. And there's a lot of that been going on. Now, I've also been getting the questions, Gary, Back to the wall, do you think this is a bare market rally?

My back to the wall answer? I don't care. We are in an uptrend right now of unknown price and time. When that changes, deal with it. Up next, what else in markets? 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 pharmacist 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 it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache 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. 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 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs,

APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu.edu. Cash flow crunch.

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Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So when I say, I don't care. Oh, we care, but I don't care. I don't care. I don't need to label things. July 19th, we told you we thought the market confirmed a good low and we'll see where it took us. Keep in mind, we said the same thing. Back in March, it lasted for 12 days and we're able to call the top. We think we'll be able to call the top again if we hit a wall and we start rolling over again. I think we're pretty good at it. Now there are people out there that are still very bearish, and this is why they tell you they're bearish.

We're in recession. We have too much inflation. The Fed is raising rates. This, that, and the other thing. We all know that. But when all is said and done, we only care about price. Everything else is noise. You get paid on price or you lose on price.

So people that are saying recession, I think that they're saying recession. I think they're right. First two quarters, we had a recession. Whether we're still in or not, I don't know. Inflation, they're right. Even though it's come down, it's still elevated. Now oil prices going back up a little bit here. Housing in trouble.

They're right. I have news for you. Every day now, I go on. Realtor.com, Zillow.com. and I click on seven different places in Florida to see how much inventory

how many houses are moving and prices and I got news for you inventory keeps picking up prices keep coming down nobody's bidding over each other doesn't mean the end of the world but definitely softness

and some areas I got to tell you there is an area in Central Flood called Wintermear. I can't keep up with the amount of houses up for sale in Windermere. There's another one called Lake Nona. I can't keep up with the amount in Lake Nona. And it's from 200,000 up to 10 million. Just a lot of houses for sale.

And what we're going to be watching for? How much movement? Who gets tired of it and just pulls it? Just get no longer for sale. And who really wants to sell and starts out at 900,000 and then goes to 850 and nothing happened and then goes to 8? And then get an overall feel, are we down 7% in this area? Average price?

15, 30. So they're right about housing, in my opinion. In my opinion, I'm telling you facts. Guess what? I care, but I don't care. Because if I took in all the news in the markets that should affect the markets, you know what I'd be doing right now, shorting 200%. But the market right now is doing the opposite. Selloffs are not lasting long.

You got my point? That may change tomorrow. It hasn't changed yet. Crappy numbers are being bought. Here's another one. bill.com. It's gone from 348 down to 102. It's back to 150.

They just announced earnings. Another loss. Stocks up 28 bucks in the aftermarket. On another loss. But guidance is better. What's the guidance? Oh, they're going to make a little money next quarter. You know what that means? It's still trading a bazillion times

earnings. But the reaction is good. and that's what we feed off of. If bad news is bought up, if losses are bought up, it tells you about the market. Not what. Oh, I'm bearish because we're in recession. I'm bearish because of inflation.

I'm bearish because I think the job market is going to get in trouble, even though I would say to that same person. Then why is ADP at New Yearly highs? So we're just a little explanation of us. market action rules all, rules over everything. In 2009, you know when the bottom came in, when that famous guy on that other channel that I'm not on said, stay out of the market for the next five years.

I went to the bank and took out a ton of cash and put it in a safe because I was worried about the financial system. At its worst, the most depressing news, that's how it works. You know when the market topped early last year? when everybody's saying 50,000 down. So we have to pay attention to the market. Everything else is words.

You know what the market is? The opinion that counts. You don't want to hear from me in a bare market. I think the economy's sound. Oh, your account's down 30%, but I still think the economy's sound and we'll be fine. You don't want to hear that. So there's a little explanation on my thoughts

because I know the things that you hear and see. It's the same things I hear and see. A ton of talk of the end of the world. And maybe one day it will. But markets first, everything else is secondary. And by the way, I don't know what the news is. I got bedbath and beyond down another five bucks in the aftermarket to $13.87.

Ah, the CEO sold his stock, that piece of crap. Unbelievable. Market doesn't like that. CEO's not stupid. He knows what's coming. Yet he says, by the way, you ready? Committed to maximizing shareholder value. As he sells millions of shares.

Stock closed at 1855. I got it at 14. this second. You want to play these things? We repeat. All these things are going to go back to where they should go to based on their real world businesses and valuations. Stunning display. As I speak, you're now down 56% from yesterday morning. And of course, that will change in the aftermarket. And I take no job. joy in any of this, though others do amazingly. I'm always stunned when somebody takes joy in others losing money.

We try to prevent you from losing money. Just another one. It's going back to four bucks. I don't dare even think about shorting it because I don't know if they're going to squeeze it again. They're pretty good at it. It's an industry. a harmful industry. You know what we're going to be talking about today before we're off air?

Not kidding. New York City. Marijuana and the Sean Watson, the quarterback for Cleveland. What does it have to do with you and your money? Believe it or not everything. That's up next. On this, the one only investor's edge.

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 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 kick 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. 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 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.

Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire,

APU will fuel the journey. Learn more at APU. APUS.edu. Cashflow crunch. OnDEC's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll,

restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow. 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 an amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge with Gary Culper. And welcome once again to Investor's Edge.

You know, everything we talk about on this show is not about you, your money, the markets, your job. the economy, and sometimes not in direct proportion, but everything has to do with it because everything we usually talk about is who's running the show. And as you know, we predicted the inflation and we told you it was coming from the Fed, but the Fed would not get any blame because you can't, why blame him when you can blame a politician? So he ends up being Teflon. Let me read a few things to you. New York City sex offender who punched Diner, fracturing his skull in causing a brain bleed is allowed to walk free after attempted murder charges downgraded to a misdemeanor.

Now, if you've seen the video, to call what this guy did is a misdemeanor, this is New York City. The registered sex offender was convicted in 95 of sexual abuse and spent six years in prison with lifetime parole. Got a misdemeanor charge. And I'm thinking to myself, does it take death for somebody to get in trouble? there's a guy in the hospital now with brain bleed and a fractured skull and this guy is out of jail walking the streets with a misdemeanor I'm thinking to myself would it take the judge who let him go

for this guy to beat the crap out of him or one of his loved ones this is New York City justice system I put it up on my Twitter feed, go check it out, and go look at the video. This was not a misdermina. This guy was determined to destroy. Cold cockham. This piece of crap, wimp did it from behind because he's too much of a wimp to stand in front of somebody. Is out.

My sons live in New York City. They may by accident come across this guy. And all I was thinking to myself was Clint Eastwood and Dirty Harry movies. You know why? Because not just this. Deshawn Watson, the quarterback of Cleveland Browns, who was allowed to come and play football again after being accused of sexual assault by over 30 women, now was handled 11-game suspension instead of 6.

which means it took, it now takes feeling better that 2.7 sexual assault accusations get you a game instead of more than that. Isn't that great? Which brings up Dirty Harry movie again. Because here you got one guy who is a life criminal and tried to murder somebody and got out, with a misdemeanor. Of course, if the guy dies, it turns to murder. And Deshaun Watson, 30 sexual assault allegations and settled with them, which for me means he's guilty. You know what the problem for the NFL is? I come back to Dirty Harry. There's a scene where they let a murderer go.

and dirty and Harry Callahan says to the DA you know he's going to do it again and the DA asks how do you know and Clint Eastwood says because he likes it this guy's going to do it again and Deshawn Watson's going to do it again

boy is the NFL going to look bad and why do I bring this up just look around you look what's being allowed and it's selective if you're in the right group, if you're in the wrong group, it's insanity. Which takes me to the last part of my, I think I have time. What did we warn you about? What have we laughed about when it comes to marijuana to you?

How do they legalize marijuana but want to get rid of cigarettes? Does that make any sense? it doesn't to us well it just so happens title the article the 30 billion dollar legalized cannabis industry is causing an explosion

of teen users candy themed products sold with minimal oversight increasing the risk of addiction and psychosis among kids but who gives a crap because now government can get tax dollars for all the legalized marijuana

we told you None of this makes sense. These are the people running the country creating laws for us to live by. Knock the hell out of a guy? Misdemeanor. Sexually assault, 30 women? Nah, they'll give you a little suspension for a year. But give you a $200 million contract.

Legalize marijuana, don't worry that your kids get addicted and their psychosis and they're selling all kinds of these candy-themed products. We get our tax dollars. You catch in the drift. You see anything's getting tied together here? You wonder why we worry? You wonder how we got the $30 trillion of debt? And nobody gives a crap.

The media says nothing about any of this, that I've got to tell you this? This has everything to do with you and your money. You live in New York City. people aren't going to work. You know what that's doing? It's affecting business. And on and on and on. We'll keep discussing as we move forward.

Until tomorrow, have a great evening and drive carefully. And when you do get home, do like we do, it's quite simple. Make sure you hug your children. Tell them about the ills of marijuana and alcohol and all that. Peace out all. Same time tomorrow. Bye, bye. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

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