Business
Bakes’ Takes Podcast Show Notes Saturday, July 10, 2021 :24 Why I do this—Bobby, Jack, please listen in. ‘87 crash, journey, technical analysis first, fundamentals second, not right or wrong, just works for me. read WSJ, Barron’s Economist, listen to podcasts, devour relevant newsletters, monitor what Google alerts bring. Point you to them, but if you don’t want to do that, please know that I’ll do it for you and I eat home cooking, I have no conflicts. What are your pain points? Problems you’d like solved? Topics I should cover? Thank you. 2:10 Supercast/Patreon levels. Weekly call with me on Discord, teach technical analysis, etc. You help me design the show. Guests I should reach out to. Text like I send to my sons. 610-331-4283. 2:29 Not investment advice. Please conduct, and share, your own due diligence. 3:41 Bakes’ Take—Fan Mail! Calls! Questions! Mike! Anonymous, NY—Rental Property? No rush. Vs. earn nothing in the bank. BT Invest in themes, trends on top 401(k) SPX, int’l, stay in market Debt down? Don’t have debt 72-75 Real Estate Term Insurance Take care of loved ones Cash, Gold, Bitcoin 6 mos. liquid, inflation/deflation 4:10 4/3/21 show, applies here. You’re young. No wife/kids don’t need insurance yet. Maybe take 6 months up to a year. Cash/Gold/Bitcoin likely yields 3%+ but not the aim. Real estate clearly way to wealth. Live in and have tenants pay your mortgage. Illiquid, leveraged. Market hot. Make sure you want to live in it own next 10 years. 9:40 Justin, PA—Japan, buying opportunity? Options? Discounting first half hour of trading. Options not for me. Adds timing element, just didn’t fit prior roles. 11:58 Bakes’ Take—RE great long term investment, market is hot, stress test purchase. Japan/options--too short term for me. Mr. Fernandez, YouTube 14:00 Bakes’ Take–Gold last week. Fresh ideas, step by step. Fact sheet, individual stocks? 14:23 Bakes’ Takes+--What would you like? 14:29 Please share this with your RH or RR friends, send your other stocks/ideas and I will offer strategy for them as well. Please stay tuned. 14:39 Jerry, Jerry, Mark (my mechanics)—know WeBull CEO, prefer over RH, thoughts? 14:53 Bakes’ Takes—My Themes/Groups 15:00 +12.26% YTD, 17% cash, looking for fresh ideas. 16:48 URNM--$42.90 to $62.63, 46% YTD 17:10 TBF-Sold at 2.7% loss. Decisive close below 200 dma. Market believes Fed, commodities softening, bond yields down to 1.35%, prices up, short bonds didn’t work…this time. 18:22 Mr. Fernandez from YouTube—this is how I identify promising stocks/ETF’s. 1/1700 charts. Breakout of base on above average volume. 18:57 Short De Spac ETF/SOGU--#1 Chargepoint/CHPT, NKLA, RIDE, CLOV, 25 total, lock-ups, valuations, lousy businesses, 2 years to do deal, quality declining, Shaq, ARod many others seeking co’s, EV heavy—grid can’t handle, Google Alerts will kick out more, your thoughts? 23:13 Chargepoint/CHPT—Charging stations in So. CA, Losing money, $32 mil/qtr rev’s little growth, $8.4 billion mkt cap, short interest way down, AND THE TECHNICALS ARE DETERIORATING!. 24 others, I like our chances Bakes’ Take—Cut losses, let winners run, short SPAC’s/SOGU very promising Bakes’ Takes-Gray Swan, new segment WSJ, Elaine Yu--50-year old man stabbed cop who survived, then stabbed himself in the heart. Reminds me of The Godfather/Cuba. Tiananmen Square II coming? China’s response then U.S./World response to China? https://www.youtube.com/watch?v=Ae_owwtZJl8 Viva Fidel! Bakes’ Take—Podcasts of the Week! https://podcasts.apple.com/us/podcast/e39-west-coast-super-drought-climate-crisis-nuclear/id1502871393?i=1000528321580 26:41 All-in 3 minutes David Friedberg, CA 70% hydro, water levels dangerously low right now! 24 minutes—Chamath, liberals are intellectually lazy, solar is dirty, mining copper, lithium for batteries, 3 Mile Island, Chernobyl set nuclear back, changing https://podcasts.apple.com/us/podcast/didi-to-doughnuts-and-an-interview-with-meredith-whitney/id1545205930?i=1000527661333 28:35 15 mins Dan Nathan China took over HK, little press coverage, 27 mins Danny Moses Sha’Carri Richardson’s positive marijuana test https://podcasts.apple.com/us/podcast/stop-worrying-learn-to-love-debt-bomb-tony-dwyer-canaccord/id1545205930?i=1000526822595 Tony Dwyer 34 minutes, take away taper at same time infrastructure bill increases debt, rates up, 45 minutes cannabis CT RI 19 states now, 36 medical Bakes’ Take—Uranium is ESG! China is a Gray Swan. Rates still likely up 2H. Cannabis is like alcohol stocks post Prohibition. Bakes’ Take—Reporters of the Week! 31:34-33:23 And, indeed, turbulence, or worse, could lie ahead, Michael Burry told our colleague Connor Smith. Burry, a key player in both the book and film versions of The Big Short, won a fortune by betting against the housing market before the subprime mortgage collapse. More recently, he was an early bull on Gamestop (ticker: GME), but took his profits in 2020’s fourth quarter before the frenzy around the original meme stock took off. Now he’s warning that the craze will end in tears. “I don’t know when meme stocks such as this will crash, but we probably do not have to wait too long, as I believe the retail crowd is fully invested in this theme, and Wall Street has jumped on the coattails,” he told Connor in an email. “We’re running out of new money available to jump on the bandwagon.” 31:34 Bakes’ Take—#GME #AMC seem tired. Twitter—what makes them go up from here. Bakes’ Take—Charts/Tweets/Posts of the Week! Bakes’ Takes- Bakes’ Take— Newsletters of the Week 33:25 ISM Prices paid 92.1, 1979 last. Not transitory. This chart from 2015. Test of high in yields likely. 34:23 Fire shuts down Cigar Lake 35:04 Bloomberg Commodity 35:32 Vs. WeBull? Pros cons of other apps? Survey. Please send. 36:40 Bakes’ Take—Yields likely up. Commodities likely up. #URNM so one mine doesn’t hurt much. RH the stock, no. WeBull service better? 37:16 Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please, please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like. Thank you for listening, Mike Wilson is my producer. Have a great week. Bakes Bakes’ Beacons—Everyday Heroes Much-needed levity… https://www.youtube.com/watch?v=c86Ytt0gmE8 37:42 Best of Whitney Cummings, Comedy Central Roast