Investor's Edge with Gary Kaltbaum - ISRAEL STRONG AGAIN

Episode Date: October 10, 2023

https://garykaltbaum.com/...

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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. A thanks of being with us today.
Starting point is 00:00:48 Glad you're here with us, ladies and gentlemen. Thank you for listening. It's Tuesday. It's October 10th, 2020. And you know what we do here. This is a serious talk on everything that affects you, the economy, jobs, markets, the world in general. Yesterday, the whole first moments of this show, we talked about Israel, my personal experiences with Israel. Frankly, it really had nothing to do with you and your money except democracy.
Starting point is 00:01:25 We're going to do it again. today. And I'm first going to state I'm going to say some things about the atrocities. So if you don't want to hear about the atrocities, you may want to shut the volume off for a couple of minutes and then come back because I need to make a serious point. When I say on this show, I've never been more optimistic on most of us. I've never been more pessimistic. on all of them, meaning the people in D.C. I may have to change the first part to most of us to a little less than most of us. But first, this is what we are finding out. I'm going to wait 10 seconds for you if you don't want to hear about atrocities to turn off your sound.
Starting point is 00:02:29 Okay, in case you did not know, these subhuman animals killed, murdered French Chinese British British Americans Swedes
Starting point is 00:02:50 Israelis Muslims they did not have any bias they killed anything that moved they beheaded babies
Starting point is 00:03:09 let me repeat that beheaded babies posted the videos on social media they took phones away from the women they captured took the phones and called the families on the phone and raped the women and killed the women for their families to watch
Starting point is 00:03:35 they killed children in front of the moms and dads and then killed the moms and dads, but they just didn't kill them. They bullet ridden the face that they could not be recognized. They raped every woman, every which way, with different items. They kidnapped elderly that were in wheelchairs, and then murdered the elderly that could not fight back, could not walk. They beheaded soldiers.
Starting point is 00:04:30 They killed young people that were just at a concert in the desert. I can continue. I've made my point. These are depraved animals. They're not even humans.
Starting point is 00:05:02 And that's not even my point. 25 different Harvard organizations said it was a counteroffensive and had to be done. The New York University Law School Bar Association's president sent out an email that the slaughter was necessary. Columbia University, Stanford University, organizations, applauding, different get-togethers around the country, applauding. Happy is all hell. I change my stance.
Starting point is 00:05:58 I've never been more optimistic on almost most of us. Because I want to be careful with my words. These are some of the most brightest intellectuals, Harvard, Stanford, Columbia. and they're sick and their twisted human beings that it is a necessity to behead babies? You see, these people may have gotten 1580 on their SAT and 4.5s,
Starting point is 00:06:39 but they don't have a brain in their head that, if they were in the desert listening to music, they'd be dead also. if their parents were in one of the kibbutz in Israel, their parents would be dead also. If they were a woman and they were in Israel and captured, they'd be raped and dead also. I'm just disheartened, brokenhearted. I won't take these people on because it's worthless. You know, what was the line in the movie, War?
Starting point is 00:07:24 games. You don't play tic-tac-toe because you can't win, so why play the game? I won't even argue with these people. I won't debate with these people. Just know they are saying it's a necessity to behead babies. Rape women kill the elderly, and the list goes on and on. I'm getting emails from a select few people. Oh, but Israel is bombing Gaza. Israel is not bombing Gaza. Israel is defending Israel from it happening ever again. And that is kids being beheaded,
Starting point is 00:08:16 women being raped, elderly being murdered, everybody being murdered without abandon. That's what they're doing. And just remember who these animals are. They are cowards. They are lifeless, brainless cowards that cower, cower in Gaza with innocent people in order to protect themselves because they're a bunch of wusses. You think they would have shown up in Israel without their artillery?
Starting point is 00:08:56 the Israelis would have beaten the crap out of them. They're wimps. And hopefully they're all going to be dead. And hopefully there's not going to be a lot of collateral damage. The Palestinians, I think, know it. Just so you don't know, in case you did not know, the Palestinians, most of them don't want Hamas, but they can't speak up or they'd be dead.
Starting point is 00:09:31 Now the president came out today. I know he's got to watch his words. I know he's got to be careful with the words. I know he has more intelligence than I do. I'm not so sure he wasn't. And he showed his teeth and he was, I would have been a little bit more pointed. That's not to put him down.
Starting point is 00:10:04 He's not, he's in a tough situation. I am not going to get into today about them giving money to Iran. Let everybody else do that. At this juncture, we'll take that up another day. At this juncture, it looks like Israel has covered the border up. Next step. This won't happen again. Arab countries have pretty much sided with Palestinians.
Starting point is 00:10:42 Palestinian people, not necessarily the murders, because they have to. But I'm pretty sure I know that there's still great discussions on partnerships because Israel is a miracle in the Middle East that has created this magnificent democracy and these other Arab countries know and are tired of. They're all tired of war. Up next, we'll put a bow tie on it, get into the markets. Thanks for being here. I'm Gary. This is the one and only Investors' Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
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Starting point is 00:12:41 that stays put all day their zero shape thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer with over 30 million pairs sold there are thousands of men out there more comfortable than you don't settle for less
Starting point is 00:12:55 go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a
Starting point is 00:13:39 rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.
Starting point is 00:14:24 It's time to switch on the integrator units and get the brain cells 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 by the way, Harvard University took two days to take on the murders.
Starting point is 00:14:57 Their first statement was about, oh, violence and violence and violence. violence. And finally, there was enough uprising against these 25 or 30 schmuck organizations that if I was the Harvard president, they'd be done. And anybody who wanted to quit Harvard at that day because of that, get your asses out of here. Bye-bye. Yeah, necessary to behead little babies. Yeah, that's the ticket. We do this because we do everything here. We're called Investor's Edge. We should change. We should change. a two, we're humans edge. And this must be spoken about. Imagine if you lived in Atlanta, Georgia,
Starting point is 00:16:01 and Tallahassee Flores, lobbing missiles at you. Imagine if you were Tallahassee and Atlanta was lobbing missiles at you. Imagine if terrorists from Savannah walked over to Jacksonville. That's what just happened. I hope, I wish. I pray this president that I am not in line with, that I have taken on time and time again, gets the job done. I will back them 1,000 percent. It gets the job done.
Starting point is 00:16:50 But you cannot pussyfoot with these people. They're murderers. They're not human. They're animals. They have nothing. They're nothings. You can't argue with them, debate with them, cajole them. They're nothings.
Starting point is 00:17:17 The job is to turn the nothings into dust and then protect the land and the people. People first land second. Now what does that have to do with everything that we discuss here? I don't know. Oil prices may be up, down. I don't know. we'll get into markets in a second and things we're seeing and how the market went today that it could have been a lot better and how I must tell you even with this rally
Starting point is 00:17:54 70% of the market looks like it's just bouncing up but there is leadership as you can tell I'm almost tongue tied with what's going on because not just I'm Jewish not just because I've been to Israel a few times. I'm human. Okay. Where do we go next? I got to tell you I don't even know where to go next after all this. We'll keep you up to date on it. You know where we stand. We pull no punches. I said many times before, if the bad guys put down their arms, there'll be peace throughout the land. If Israel put down their arms, they would be destroyed. that's what's going on and I will take
Starting point is 00:19:02 no gruff from anyone that backs murderers okay where do we go from here full segue so Friday as we go back into the markets
Starting point is 00:19:26 we had this nice real strong day that we call a confirmation day that very often leads to upside, but does not mean it leads to a lot of upside, does not mean it leads to a new bull market, does not mean it doesn't crap out the next day. But it's something we wake up to and we look for leadership and there's a narrow group of leaders in the market that started to move terrific. But on top of that, as we do our scans every day on the weekend, we continue to
Starting point is 00:19:59 tell you that 70% of the market is just in downtrends. And just, look, Let's assume we know what a downtrend looks like. And really all you have to do is draw a stair step. And draw a stair step, let's say, from 10 p.m. to 4 a.m. And you go 4 down, 2 up, 4 down, 2 up, 4 down, 2 up, 4 down, 2 up, 4 down, 2 up. And you keep going lower, lower highs. That's what we mean by downtrends. It's not hard to figure out.
Starting point is 00:20:33 got to follow the bouncing ball. And I think what we've seen in 70% of the market in the last couple of days is one of those rallies up too. But the strength of the market has enabled a few names in software and technology and a smattering of other relative strength stocks, you know, ones that held up best while the market was being trashed, breaking out a range in hopes that the 4-2 to the downside, stops going down and starts doing 4-2 to the upside. Because if we start to see that in all those other areas, well, we're starting a new bullish phase. That'll last a while. So far, I've not been able to see it. So far. That said, there's some strong stocks. And we'll try to exploit them, knowing that you really need the market backing. You need the wind at your back
Starting point is 00:21:40 for them to keep going and going and going. That if you don't have the market and the wind at your back, eventually they're going to hit the wall also. So I hope we explain that right when we give out the numbers because we ended up higher today, but off the highs. And we noticed some names go right into what we call a wall. What do we mean by that? Well, imagine if you're a stock, and you've got to picture this, imagine if a stock's between 100 and 110 for three, four months. And every time it goes to 110, it goes down.
Starting point is 00:22:18 Every time it goes down to 100, it bounces up. Well, let's say it breaks the 100 to the downside and it goes to 90. Okay? Well, the market starts the rally and it goes where back to 100. You know where the 100 is now? It used to be support. It's now resistance. I'm now seeing a bunch of things hitting that area and having trouble.
Starting point is 00:22:43 And that's why we watch the bouncing ball. That doesn't mean tomorrow they don't back away and get through. We're a big believer in evidence in the market. Everything we do, we take from the market. And the evidence it gives, we don't believe in projection. We don't believe in targets at the end of the year, the S&P should be 5,000. I love it the first week of January. All the analysts come out and tell you where things are going to be at the end of December.
Starting point is 00:23:12 To me, that's the greatest comedy act. Up next, today's numbers. And whatever else. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands.
Starting point is 00:23:41 And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One Venture X. card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit
Starting point is 00:24:11 for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker, the platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes
Starting point is 00:24:52 the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. We'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 Coltbaum. recommended. You're going to feel better if you talk to.
Starting point is 00:25:39 And welcome once again to Investors Edge. And we're going to segue back for just two minutes. And this is what I mean by I know they have to watch their words, but either they're full-throated
Starting point is 00:25:59 or they're not. So the National Security Council spokesperson, Adrian Watson, representing the Biden administration, is calling for a necessary and proportionate action to defend its country and protect its people talking to Israel. Proportionate.
Starting point is 00:26:23 They beheaded babies. You see, when they use proportionate, they're saying to Israel, please, not so much. I've always said, you know when somebody will get pissed? I've always said one of these DAs that is just stupid in Portland, San Francisco. They're letting criminals out and doing all kinds of ungodly things. I've always said, if God forbid a DA's family is a victim of what are the criminals that they let out, maybe they'll change their stance. How can you be the head of a country and tell another country to be proportionate
Starting point is 00:27:11 when your country's babies are being beheaded in front of the families. Thus, I take issue with the administration. By the way, we are going to be starting a podcast on all this going forward. Okay, today's market wrap. Dow was up 134, S&P 22, NASDAQ 78, NASDAQ 184, transports 133. Russell 2000 was up a percent. The semiconductors up 44 to 3512. Advanced declines had a pretty decent day.
Starting point is 00:28:01 New highs picked up a little bit and we'll get to it in a little bit, and in a better couple of days, new lows have contracted. But, here comes the butt. The doubt one time today hit 33-898. It was up 300. Only finished up 134. and kind of bumped into the 200-day moving average, the long-term moving average, and sold off. The S&P 500 today was up, as we said, 22 and change.
Starting point is 00:28:44 Hit 4385 today. It was up 49. Finished up 22. The NASDAQ was up 78 today. You catch my drift, by the way. The NASDAQ at one time today was 13659. It was up 175. It finished up 78.
Starting point is 00:29:10 The NASDAQ 100 hit 15241. Close at 15131. It finished up 84, add 110. It was up 194 at one time. So they distributed some of the gains. today. We'll see what the market brings tomorrow. Another story today of import, the 10-year yield really tanked to 4.655 from 4.797. That's a big one-day drop. Now, we knew it was coming to a certain extent because yesterday the bond market was closed, but the exchange traded funds
Starting point is 00:30:03 that follows the bond was up strong. So we'll call it a good day today. Could have been a lot better, but the other part of the equation is I still got that 70% and just so you know, I did my scans already. And we're talking about financials, airlines, cruise lines, hotels, housing, housing related, a lot of retail, a lot of semis, a lot of economically sensitive. I've yet to go through the sub-technology stuff. Those are the ones that are way down to see how they've finished. in the mega caps I have to mention this as you know there's like eight to ten names that we kind of sort of follow pretty darn closely
Starting point is 00:31:03 for darn good reason and we'll start with Netflix which is not one of the big eight acting terribly today was down 12 bucks volume patterns just pure negative sitting on the 200 day It's not one of the big eight anymore, big seven or eight, but it's still one of those names that
Starting point is 00:31:34 institutionally, the big money gets followed. Apple finished down today, right at the 50-day moving average. The rally up has been on no volume. That's another one. Oracle, hardly budged. Salesforce.com. I'll give them one thing. It's holding the big $200 mark.
Starting point is 00:32:03 No umph. Broadcom. Now here's one. At one time today was 872 up 17, finished up two and a half. And that's not an unimportant name. Adobe, sitting right at the 50-day moving average. Tesla finished up four in change today was up 268.9. was up about nine and a half.
Starting point is 00:32:38 Trading above the 50 day but nondescript. NVIDIA was up nine, finished up five and a quarter, and finished above the 50 day moving average, and is trying. But let me be clear, you need the market. If the market tanks from here, it doesn't matter what you got.
Starting point is 00:32:59 Microsoft was down today and is what I call nondescript. Differently, meta, Facebook, up another three and a half today. And is teasing, it broke above a little range at 313, 314, old high in July 326. A move through there would be bullish. One of the strong ones. Google hit new high ground in the middle of the day. They pulled back minor league.
Starting point is 00:33:28 But relative-wise, pretty darn good. Amazon, nondescript. So notice a few of them not happening. One hit a new hide today and backed off in Google. Facebook, strong, and Vindia looked like it was going to do better today, but when the NASDAQ goes from up 180 to up 78, they pulled that back to, even though it was up.
Starting point is 00:33:58 We'll see what tomorrow brings. All in all, you got to rally. still going today? Hit little wall today. Oil prices down 50 cents today after being up big yesterday. Defense stocks pulled back minor league today
Starting point is 00:34:20 after having big jumps yesterday from very bearish action that the defense stocks have been in for the last bunch of months. I have no real great thought process on it because it is, I hate using the word, but I'll use the word event driven. That's the Wall Street word. How about tragedy driven? We'll use that. So I really don't have a feel for that. Not that they're bad companies, these defense stocks, these defense companies, they've just been
Starting point is 00:34:52 in the bare market, which means down four up to, down four, up to, down for up to, along with many other areas. Now, as I promised, new highs. We're always looking at new highs for a simple reason. That's where the strength is. What do you want to own? Weaker strength. I'm always amazed when somebody asked me about Walgreens that's down, I don't know, 50% from the highs because, oh, it's of value. But you could have said that it was down 30%, then 40%. And of course, it's in a Big downtrend. That one's like down 10 up one. So we have a new high list and what do we do with it? We pay attention to it. Because if the market decides to do good, that big fourth quarter rally, strength, but get strength. Up next, we'll give you some names. And whatever else. I'm Gary. This is the one only
Starting point is 00:36:02 investors edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Starting point is 00:36:46 Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com.com. Comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide.
Starting point is 00:37:19 The Capital One Venture X card, what's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker, the platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.
Starting point is 00:37:49 You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to... What are we waiting for? Well, what are you waiting for?
Starting point is 00:38:22 One, two, ready, go. Investers Edge with Gary Kaltba. And well, once again, two Investors Edge. And I need some rush. Thank you. And, you know, Gettie Lee is doing a, not a concert, but he's doing a talk. He's scheduling a You go see him and he does a talk
Starting point is 00:39:10 And he goes his history And I'm going to go see that if I can I think it's like an 18 city tour But I think they're so loyal To Mr. Pert Who passed away a brain cancer That they just I don't think they're ever going to tour again Who are they going to put in for him
Starting point is 00:39:28 I know they did something at the Hall of Fame Or at some When Taylor from the Foo Fighters passed away I just don't think they're ever Not like these other groups I'm not sure but you know the Eagles Keep touring even though Glenn Frye passed away The Stones keep touring even though their drummer passed away
Starting point is 00:39:48 Anyway And of course when I'm working out I pretty much listen to Rush Yes in Genesis I threw a few I throw a few more in there But I can listen to Rush 24-7 I'm one of those
Starting point is 00:40:06 and you know when I've gone to the concerts you meet all these people and in a normal world you think they're nuts but they just you know they love their rush and you know one of my best friends I have a few best friends by the way but those are my only friends one of their brothers-in-law has been to see
Starting point is 00:40:32 the grateful dead before Jerry Garcia died I think like a hundred some odd times and now go sees the went to see rat dog a couple of bunch of times with Bob Ware and I guess there's other you know they go around doing dead things with some of the dead Bill Walton I'm pretty sure I read that he went to see them 300 and some odd times I mean people in their music I get it
Starting point is 00:41:04 okay so when we do this it's not to tell you to buy sell show shorter cover. We're just listing for you what's at new highs and your job is probably to go take a look at them and see if that fits your, you know, demeanor if you like what you see. And you get to decide. We're just giving you a list. It's a new yearly high list, which can go by the wayside. By the way, just because of stocks at a new yearly high list doesn't mean in three months it's not down 50%. It's just any given point in time. Google, number one, which did finish down today, so it's kind of off the new yearly high list. And I know they call it alphabet now.
Starting point is 00:41:43 Simple PDD, it's a Chinese stock. And I'm just letting you know personally, I still don't trust buying any Chinese stocks. I think their government's nuts. BGC Group, it's a $6 company investment banking. Weight Watchers, WW, NUTANX, NETANX, CME Group, CME. It's an exchange, the CME group. Sprouts farmers market. I don't think I've ever been in one. S-FM, Z-Scalor, security software, Z-S, cadence design, another software company, CDNS.
Starting point is 00:42:24 So there's a few new highs. Constellation Energy, C-EG, Synopsis, another software, S-NPS, Make My Trip, M-M-M-Y-T from India. I have to mention it. Smith & Wesson Brands, they make guns. S-WBI, Qualis, QLY, QLY, Y-Y-Y, that's just a symbol. Another Chinese name, Duolingo, D-U-O-L. Manhattan Associates More Software, M-A-N-H.
Starting point is 00:42:53 By the way, this is the NASDAQ. And I think I'm done. That's your New Yearly High List. There's a couple of others, but they're nothing. On the NYSE, I think there's a few. Afflack, the Duck, Shell, Oil, S-H-E-L, by way, Afflac is AFL. Range resources, oil.
Starting point is 00:43:17 That finished down RRC. Now, U.S. Steel is a buyout, so forget that. Frontline, shippers, FRO. Steelcase, SCS. Jable Circuit, JBL. Another China name. New Oriental Education. The stock dropped like 95% after China said their education company
Starting point is 00:43:37 shouldn't make money. Abercrombie and Fitch. It just continues to be a strong retailer, on, I still haven't bought it, and it keeps going higher. XPO Logistics, XPO. Garmin, GRMN. William Sonoma, there's an activist there, WSM. Aris Management, A-R-E-S.
Starting point is 00:44:00 Another money management, McKesson, MCK. Carpenter Tech, CRS, that's a commodity name. Consolidated N-G, Coal, C-E-I-X. W-S-O, Fabranet. FM, F-N, Trinet, T-N-E-T, I don't know if you've heard of that. That's your new yearly high list in both markets. And again, we don't really list things that don't trade and stuff like that. Okay.
Starting point is 00:44:34 And then not only do we look at the new yearly high list, but we're also on top of what's within a few percent. What's set up to maybe go new highs? always looking for that I also have to mention today which has happened quite often throughout the years and but full disclosure we're never in the biotechs with no sales that skyrocket and there's been a bunch throughout the last 25 years and there's been some some biotechs that were bought out even though they had no sales seriously there was another one yesterday I I forgot to mention that was down 56% overnight because the placebo did better than the drug in, I think it was phase one trial or something like that. So that comes under the heading of pick your poison. I just, I'm a big, it's simple. I'm pretty simple. Why do I want to own a company that has no sales?
Starting point is 00:45:43 You know, you're investing in things. Why do I want to own a company that has no sales? It's just simplistic. So I've missed some good ones. I've missed all the ones that dropped 50, and I remember there was one that dropped 90% overnight. Anyway, thanks for putting up with us. Tough times.
Starting point is 00:46:03 You have a great evening drive carefully. I think I'm not sure what TV show I'm on tomorrow, so I'll leave it at that. You have a great evening drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better.
Starting point is 00:46:16 You will feel better, I promise. Take care of your family, everybody. Thanks for joining us at the same time tomorrow. Bye-bye all. 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. That's GaryK.com. Guys, it's no use putting it off.
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