Investor's Edge with Gary Kaltbaum - Land of confusion [07.08.2025]

Episode Date: July 8, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:26 Valid 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 day.
Starting point is 00:00:44 Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It is July 8th. It's Tuesday. It's 2025. Hope you're having a good day. In case you don't know,
Starting point is 00:00:59 this is serious talk on everything that affects you. The markets, the economy, your job, your industry, Washington, D.C. And today's title of this show is one of my top, well, there's so many good Genesis songs. But let's call it a top 10 for me. Land of Confusion. You ever hear that song by Genesis? Land of Confusion. We're going to get to that in a minute.
Starting point is 00:01:33 Because, as you know, we have this little motto about what goes on in D.C., and that is low taxes, less regulations, get the hell out of the way. And we have an administration now that is low taxes, less regulations, higher taxes, and land of confusion. we'll get to that. We'll also get to a letter, an email. We don't get any nasty emails anymore because I really do believe that people understand we are straight down the middle. We're talking the political side of the markets and the economy that we take them all on.
Starting point is 00:02:31 It doesn't matter to us who it is. But every now and then we will get an email. email, sometimes accusing us, sometimes jumping all over us, sometimes making absolutely no sense. And that's part of the spectatorship that's out there. And when you do a little TV and a little radio, you get reaction and that's okay. As long as it's respectful, well, we got an email from somebody who likes me. But it turns out they were answering. somebody else and their opinion on me, and it wasn't a very good opinion of me. We're going to go through that.
Starting point is 00:03:14 And of course, the markets and all the other noise, but today's title is Land of Confusion. But I first want to start out with a symbol. P.H.H. It's called Park Ha, H, A. biological tech, symbol PHHH. I had never seen this stock before. It's a company with no sales, or maybe they got a couple of hundred grand of sales.
Starting point is 00:03:58 It was a $4 IPO in late December. It's China-based. And as you know, there have been some wacky moves in some China and Hong Kong-based stocks, things that have gone from 2 to 50, back to 2. And we simply tell you, we don't know what causes it. But this IPO that doesn't have no sales, $4 IPO, really didn't do much, hardly traded, but it went to 4 up to
Starting point is 00:04:38 let's call it 12, 13 bucks in March, April and May and in the last three weeks went from 13 to 41 10 bagger from the IPO even though and we're not here to put anything down we're just stating facts
Starting point is 00:04:59 there's nothing there no sales it says the company provides skin care and cosmetic products under this Park Ha name. So we have been saying to you on this show, don't be the last one in on these things. That patch them early, you can make a lot of cheese. Imagine if you got this thing.
Starting point is 00:05:26 There's a $4.00 IPO and it really traded around $4 or $5 for a bunch of weeks. And it was $41 going into today. I wish I owned some before today. But we always tell you companies with no sales always eventually, and that's the key word, eventually go back to where they came from or worse. Unless by luck, and we've seen it, there's been some biotechs with no sales,
Starting point is 00:06:02 bought out for billions of dollars based on the potential for jobs. drugs going forward. Today, Park Ha Biological Tech dropped $38. $0.2 to $2.99 the lowest price it's ever been, down
Starting point is 00:06:25 92.71 percent on 8.2 million shares traded more than the float. It's just a warning shot from us. That's all.
Starting point is 00:06:45 And interesting enough, I have seen no news on the company. I gather there may be some news out there. I go to their website, company profile, we have 43 franchises in China, but I'm not showing any sales. management team okay shows a board of directors stock information SEC filings financial results let me see what's under that if I can find it
Starting point is 00:07:30 oh it says not available that's interesting that's interesting not available I'm just letting you know one of our mantras came to fruition today in a big wow. I don't think we've seen one like this ever, ever. And I noticed it opened up at 41. It stopped trading at 11.05 a.m. at 3850 opened up at $6.75. So you could not sell it from 3850. to $6.75, and it finished at $2.99. And again, I see no news with just doing the warning shot, just in case you're involved with crazy. I will tell you that I just put in the words,
Starting point is 00:08:46 Parcahaw Biological Technology News. I see no news from today that caused this today. We just wanted to bring it up because protect your capital. Know what you're getting yourself into. Know the history of some of these. And again, crazy moves in some of these China slash Hong Kong stocks. And we have no idea what caused them. Do you know there's another one called AMTD Digital, symbol HKD, which came public in July of 22, July of 22.
Starting point is 00:09:36 And I don't know what did it or what the hell happened, but the stock came out. It was a $7.3 quarter dollar deal. By the way, we're not making this up. It went to $255.55. $255.255 in days. And in days back down to 160. And guess where it's back to now? $1.74. I worry about that froth and speculation that's out there. There's been a few of these things. It's very weird to watch. I wish I'm able to catch one. Recently, a biotech with no sales just went from $1 to $80. symbol
Starting point is 00:10:35 RGC Hong Kong based company Chinese medicine within two weeks it's back down to 19 we'll see how it goes anyway just wanted to start with that
Starting point is 00:10:49 because we believe in protection of capital first everything else second and we just noticed this PHA today and I'm like holy crap hey up next the land of confusion today's market
Starting point is 00:11:05 This is the one only Investors 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,
Starting point is 00:11:55 all to assist you in achieving your financial goals. understanding not all individuals have the same needs, we'll 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 complimentary portfolio review. The number to call is 888-4-2-5-59.
Starting point is 00:12:18 That's 8-8-5-5-9. That's 888-4-2-2-5-9. 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.
Starting point is 00:12:56 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.
Starting point is 00:13:20 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. 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. 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.
Starting point is 00:13:51 The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is 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
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Starting point is 00:14:34 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. Okay. So, somewhat of a wicked day for things, though I'm about to tell you that advanced declines
Starting point is 00:15:01 on the New York with 2486 up, 1668. down. On the NASDAQ, 2716 up 1619 down. But the Dow was down 165 and the NASDAQ was only up 5. What happened today? Well, first off, the semiconductor index was up 100. The socks. Cool. Secondly, last week we had told you that a lot of areas that were dead, comatose, woke up and started coming up off the lows up the right side. And we said to you, we think this could be an important moment. We'll see. Yesterday they pulled them back.
Starting point is 00:15:50 Today, they ramped them again. The broad market, simple as that. And we're talking home builders, transports, even oils today. of the metals in mining, not gold and silver. We'll get to that in a minute. Economically sensitive names, that's what was doing it. On the other end of the spectrum, though, I don't want to call it weirdness, but we walk in and J.P. Morgan's down nine and change today on a downgrade, Goldman Sachs down almost 14 on a downgrade. And while the big banks were hit, the regional banks were up. Smaller, better than bigger today. That's why the advanced declines were good,
Starting point is 00:16:50 but the indices not so good. Some stocks that look like they had already, Amazon down foreign change, Carvana down 11, DoorDash down 7, boy, that DoorDash looked good. Netflix down 16, Spotify down 15. It was quite the interesting day for the record. Very interesting. But semis good, and that's economically sensitive, the semis. Small and mid-caps better. Regional banks, housing, transports, which is rails and truckers,
Starting point is 00:17:35 and oils had a bafo day-to-day, a big day-to-day. a big day today the oil stocks. Even though oil prices weren't up much, I think that was oil stocks maybe catching up with the shape of things to come. I'm not sure, but they had a very good day today. You know how I've been saying a void? I'm not so sure I'm on an avoid anymore.
Starting point is 00:17:59 And we've been on to avoid that for the oils for a very long while. Definite improvement today. definite improvement. Now, as you know, I've been taken on the administration on their tariffs. As you know, their tariffs crashed the markets, which forced them to get rid of those tariffs and then change their minds 47 different times, but throughout the whole time we had this pause, and it was supposedly the July 9th, which is tomorrow.
Starting point is 00:18:43 but they have extended that to August 1st. There's tons of exemptions out there. They had 145 on China, went down to, I got news. I don't even know what the hell anything is because there's so many moving parts. It's like they're playing the game of risk and monopoly with our economy with the ever-changing. I think they're nuts. But what did I say about land the confusion? Let me read something to you, and I'm going to read what my good friend Gil Morales said.
Starting point is 00:19:20 Trump intent, this is from Commerce Secretary Lutnik. And by the way, yes, this has everything to do with you, your money, and markets going forward. President Trump intends to go to 50% tariff on copper coming into this country. The idea is to bring copper production home. Gil Morales, my good buddy, in a reply on Twitter or X, what are copper miners outside the U.S. supposed to bring their mines to the U.S.? You produce copper where you find it goofballs.
Starting point is 00:20:06 Howard Lucknick, a Commerce Secretary, is a billionaire. President Trump's a billionaire. I believe Besant is maybe a billionaire. These are supposed to be the geniuses on finance and financials. Yet they want to put a tariff of 50% on copper coming into this country in order to produce it here. They're nuts. They're nuts. I don't know what they're thinking.
Starting point is 00:20:42 I'm praying they don't cause another dislocation. I do know we have copper. minds here. Arizona, I believe, New Mexico, Utah, but there's no way they can produce the amounts that they're thinking about. They're nuts. That's number one. The land of confusion. That's number one. Number two, and I'm not making this up. Earlier today, and I'll just read it to you, the president, 200% tariffs on pharmaceuticals coming into this country. I'm not making this up.
Starting point is 00:21:58 In a cabinet meeting repeats that he will soon impose 200% tariffs on pharmaceuticals on pharmaceutical imports. Pharmaceutical companies will be given a year to 18 months to produce to move production to the U.S. or face the tariff. So I'm not sure which this is. This is the land of confusion. Is he going to pose the tariff now? Or in 18 months, he said two different things.
Starting point is 00:22:28 I don't know. The first reaction with all the drugs and biotechs got hit. but then with the furthermore here's the problem that ain't happening it ain't happening they're in dreamland it's the land
Starting point is 00:22:49 it's the land of confusion there's just no way certain things are going to be made here at the price and cost and all that crap getting it from over there I'm praying we get no dislocations off of this Up next, we'll continue with the land of confusion. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the script,
Starting point is 00:23:37 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 have a stomachache
Starting point is 00:24:09 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.
Starting point is 00:24:26 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. 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 dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com.
Starting point is 00:24:59 Cashflow crunch. OnDek'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.
Starting point is 00:25:16 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 on deck or Celtic Bank. On deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to.
Starting point is 00:25:34 America is talking. Investors edge. He's got to be pleased with that. The crowd is just on its 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 00:25:51 Let's see. In 2024, the U.S. imported $212 billion worth of pharmaceutical products. 90% of prescription drugs consumed in the U.S. are imported from other countries. A six-fold surge since 2001. Sources of imports, Ireland, 50 billion, Switzerland, 19 billion, Germany, 17 billion. Singapore, 15 billion, India, 12 billion. Quantity in kilograms, though, China leads with 23% Mexico 18. Now, let me state for the record, I think it's a noble.
Starting point is 00:26:41 cause to have more manufacturing here. Well, let's try that without the stupid tariffs. They're moronic. Do you know what happened right now if he put 200%? Oh, but Gary, he's just negotiating. Well, he wasn't negotiating the beginning when the market crashed. Ibuprofen, China counts for 95% of it. Acetamidafin, China counts for 70.
Starting point is 00:27:13 Cortzone, China counts for 91. Penicillin, China, primary source. I think it's a great idea. But threat, everybody is not the enemy. I think it's a noble cause. But I'm just reading to you, and quote, he will soon impose 200% tariffs on pharma imports. We'll see if that's just a threat or he follows through. I have no clue what he's going to do. But all I know is today, 50% on copper. Oh, and it says he will soon announce tariffs on copper, 50%. He put a bunch of tariffs on a bunch of countries. I don't know why we need to put a tariff on Kazakhstan and Bangladesh.
Starting point is 00:28:18 I'll just say it again. Land the confusion. They BSed us on the deals. how many countries were calling and I think they're embarrassed by it and that's why we're having all this movement all of a sudden because in case you don't know, trade deals take a year or two to put together
Starting point is 00:28:46 not a couple of months and countries will act in their own best interest you do know that and leaders of other countries do have egos You do know that. I'm just bringing this up right now. I don't want the markets to crash again. He crashed them once.
Starting point is 00:29:09 I don't want them crashing again. And markets are very fragile. You experience that into April. Land of confusion. Land of confusion. That's my take today. Back on the markets. Bad day.
Starting point is 00:29:38 for big banks, good day for regionals. Bad day for Dow, good day for the mids and smalls. Bad day for some of the high beta. But I didn't seem much in the way of breaking down. We'll see what tomorrow brings. I love the fact the semiconductors were strong most of the day.
Starting point is 00:30:02 They said something about semiconductor tariffs. By the way, copper, the C.P. E.R today on that tariff announcement went up 8.4%. Because
Starting point is 00:30:18 if you put tariffs on copper 50%, let's say he does that, oh, that's going to force prices up. 1 plus 1 equals 2. And man, I'm so rooting for this guy. But they're
Starting point is 00:30:37 so wrong on this. They really do need my help. they're so damn wrong on this whole tariff thing and unfortunately the kiss-asses are afraid to say anything untoward because then it's or else and man oh man
Starting point is 00:31:01 everybody's so afraid to disagree with them anyway that's my take tomorrow's another day what else no earnings this week but next end of next week will be some of the big banks. We'll see what happens then because today they got smashed. By the way, they were on downgrades, but that's abnormal.
Starting point is 00:31:31 We're a big believer. It's not the news. It's how things react to the news. And that's pretty damn harsh. I know they were extended and they could pull in, but this was not controlled. We'll let you know about tomorrow. The broader market, as we said better, that started last week. We stick by that this second.
Starting point is 00:31:53 If that changes, we'll let you know. It's just better stuff. The stuff, I call it. Again, the home builders were dead. They're perking up a little bit. The building construction were dead, perking up. The rails and truckers were dead, perking up. I can now add oils today,
Starting point is 00:32:15 though you're depending on a commodity. Not all, but economically sense of, stuff, perking up. And that's like chemicals and industrials and all that caca, perking up. Interesting enough, with the good advance to clients today, the new high list actually contracted, and that is because there was a lot of different jello moving on the plate. And the best movers right now are the things that coming off the lows. Gold, we said it was gone rangebound a bunch of weeks ago, and that's what's happening. Not a real good day for gold today.
Starting point is 00:32:57 Back below the 50-day moving average by a tad, I don't like the fact that gold miners got hit very hard today. We like when gold miners are stronger than the metal. They really came after the gold miners today and finished poorly. I think that has to do with the dollar getting a little bit better. Why would the dollar get a little bit better? oh, because they've been selling off the bonds. As yields go up, the dollar will strengthen a little bit, or vice versa.
Starting point is 00:33:30 So gold, eh. Range bound, but eh. That's EH, by the way. And that's really the story of today. I went through different areas. I get asked all the time about Apple. Apple's been a little bit better. But I have to tell you, they're now hiring outside for their AI.
Starting point is 00:33:55 So that means they couldn't get anything done with AI. I still remember they said Apple car. There are no Apple cars. I'm just wondering, and don't get me wrong, they're still going to do $400 billion in revenues, services, business is still up. I got an Apple watch. I just got a new iPhone.
Starting point is 00:34:14 That's still going on. But nothing really new. And maybe that's what the market's saying at this point in time with Apple. If anything changes, they will let you know. The only thing that's changed right now, is it's back above the 50-day moving average. That's all.
Starting point is 00:34:31 It's back above the 50-day moving average. The stock's up 15% now in four years. So obviously not a big leader anymore. And that's a combination of what I just said, but also once you're nearing 400 billion, let's see, 1, 350 billion right now, it's tough to grow your sales. It's not easy.
Starting point is 00:34:56 That's why I marvel at Walmart. They do like $650 billion. They still grow their sales a little bit. That's amazing. It's stunning that they're able to. And we know how many department stores and discounters have gone by the wayside. Hey, where's Kmart? So Apple, nah.
Starting point is 00:35:28 I think it's kind of dead money right now. Again, if anything changes, we'll let you know. There's been an improvement, but I think it's only because of the market. That's really about it. Bitcoin, range-bound still. Just so you know, Bitcoin hit a high in December and right there again in January, we're now into July. It's sitting right there after going through a correction.
Starting point is 00:35:53 If you look at the IBIT, a move above 64 takes it out of range. The GBTC, a move above 88 and change, above range. Up next, this, that, and the other thing. And an email. This is the one only investor's edge. 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.
Starting point is 00:36:46 In this episode, we are diving into gut health with CBS Farmers, 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.
Starting point is 00:37:14 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. Struggling to see up close, make it visible with Viz. is a once daily prescription eye drop to treat blurry near vision for up to 10 hours.
Starting point is 00:37:52 The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Cashflow crunch? On Deck'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 on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes,
Starting point is 00:38:25 your business loan may be issued by OnDec or Celtic Bank. OnDak does not lend in North Dakota. All loans and 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!
Starting point is 00:38:41 In the Gester's Edge. With Gary Culpa. Hey, yo. So we like going over some of these emails. because it gives us a chance to explain ourselves, defend ourselves, introduce ourselves to new people. So I got an email from somebody apologizing because they sent me an email they wanted to send to somebody else by mistake about me. So I guess somebody listened to my show. And here's what this gentleman, who by the way has only been nice to me in his emails,
Starting point is 00:39:30 and has been emailing me for a long time. This is what he says about me. He is a smart guy, but his calls are terrible. I am amazed he manages money to high net individuals. My calls are terrible. Let me defend myself. Just this year, we're out of the whole yonking. and the massive drop and the crash.
Starting point is 00:40:04 And on April 22nd, my call to you live on air was we got a confirmation follow-through day and the market now has an opportunity to finally turn the corner knowing that the president news-driven environment of all time, but we'll take that day and use it and see what happens. That was the day. Terrible cause. That's just this year. And forget the fact that we break apart the markets. And throughout this rally, we were telling you to avoid the home builders, and they kept going lower and the oils, and they kept underperforming and going lower.
Starting point is 00:40:51 Oh, how about the United Health Group of managed care? Terrible calls. Maybe he's thinking of the wrong person. I don't know. Let's continue. does not believe in buy and hold well that's not true we believe in buy and hold but as long as you can whatever you're holding is doing well the problem with buy and holding right now in real time let's just go back a few years first you had the covid crash you like holding things down 50%
Starting point is 00:41:25 of course after the fact everything came back terrific but then we had a bare market with the growth stock dropped 70%. You like holding something down 70% hoping it's going to come back? By all means. We just had the Trump crash. Things were bludgeoned. You like holding things as they dropped 50% which a bunch of things did? God bless you. We won't. But if I can buy something and hold it for a couple years, I'm a happy guy. We believe in buy and hold. but only what's working. Next, he says, if he buys a stock and the stock drops a couple of dollars, he bails out, a.k.a. chicken. No, we're not a chicken, but we have simple rules.
Starting point is 00:42:16 If we're very strict on where we're buying, we're very strict on where we're selling, because first and foremost, we're technicians, technical analysts, and we don't lose big. And I will tell you flat out, we haven't had a double-digit loss, and I cannot remember. Chicken. Next, if you have been listening to him, he just bought NVIDIA when NVIDIA reached around 154 to 155, but he did not buy it when NVIDIA was trading in the $30 range. Well, that's not true either. Last January 5th, I told you if NVIDIA breaks above $505, which with the 10-for-1 split is 50, by the hell. out of it. That Monday it broke out. We bought it. It only went up 90% in two months. Yeah, we didn't
Starting point is 00:43:13 buy it at 30, but we bought a confirming move above 50. Next line. I listen to him frequently just to get his view on general market trend, not for stock specific ideas because he sucks coming up with stocks to buy. Okay. So when I give you out all the leadership stocks with the great relative strength, that power their way up. So I guess this gentleman maybe doesn't listen careful enough. Everything I've just stated to you is facts. Are we wrong? Oh yeah, but we're wrong fast and we're wrong small. Simple as that. When we're right, we do everything we can to and we bought the market right after that April 22nd turn in the market and we have held since. Now it's only two and a half months, but since the market hasn't taken us out, we're cool.
Starting point is 00:44:27 Do we make mistakes? Hell yes. We sold our Netflix too early and I'm pissed off at myself. It's not an easy business. But we have certain rules and mantras we live. by and we will continue to put our best foot forward. And if we had gave any advice to each and every one of you, listen carefully and don't do what this gentleman did by selectively picking and wrong on most of his thoughts. And it's interesting he brought up in Vidia,
Starting point is 00:45:03 which we absolutely nailed perfectly at a six-month base last January and went up 90% in two months before it sat again for another, God knows how long, before it just broke out again. Oh, and by the way, with Nvidia, and I'll freely admit it, it hit 152 in the Trump crash, went down under 90. You want to hold that? God bless you. In real time, I ain't. Because in real time, you don't know what's coming back. And you never want to end up with a city group, which right now is trading at 85. Know which trading at $8.50.
Starting point is 00:45:59 It did a one for 10 split from 08. And it's still down about 80 some odd percent. And that is our answer to that email. From somebody who likes me but thinks I suck. Can't please them all. Hey, ladies and gentlemen, you have a great evening, drive carefully. When you go at home, do like I do, simple. Make sure you hug your family.
Starting point is 00:46:29 Make sure you hug your children. They will feel better. You will feel better. Stay well, be well until tomorrow. I do not suck. Have a great one, everybody. Take care. Good night.
Starting point is 00:46:41 This has been Investor's 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. 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,
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