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On Today's PreMarket Prep:Apple To $3 Trillion? AAPLHarley Davidson-Livewire deal HOGPfizer buys Arena Pharmaceuticals PFE ARNABluebird Bio BLUEBristol-Myers BMYGuests:Tim Quast, Founder/CEO, ModernIR and Market Structure EdgeTwitter: https://twitter.com/_timquasthttps://www.marketstructureedge.comMeet The Hosts:Dennis DickTwitter:https://twitter.com/TripleDTraderSpencer IsraelTwitter: https://twitter.com/sjisraelJoel ElconinTwitter: https://twitter.com/Spushttps://www.premarketprep.com/Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Unedited Transcript:Good morning. How are we doing? How was your weekend ad? My my weekend was excellent. Let me, I share my charts here, folks. And, uh, we're we're on the March contract.It's official because I did my levels on the March. So leading into quad, which this Friday we are now trading E S H 22 on your platform, whatever it may be up eight and three quarters handles it 12 and a quarter found support right above that close at oh three 50 pre-market high 23 and a quarter only one number for you up there.The old time. Basis the March contract 47 35. Our crude is in the red by 58 cents. It's 71 0 9 gold just hanging out under 1800 up three 40 and 17 88 30 silver back over 22. That's up a dime at 20 to 29 and a half Bitcoin flat at 48 K Ethereum, slightly in the red by $55 $52 and 50 cents at 39 87 50.Just looking at this chart, it looks kind of leaning heavy on the downside. Uh, stop the screen share. Let's bring on triple D triple D. I have a question for you. Sure. And then maybe two questions. The first question is after your incredible presentation on Saturday and give me away all that information.Did you feel increased competition in pre-market trading this. Hmm. Not quite yet, but that could be quite yet. That's always the concern when he'd given away specialized proprietary trading secrets, which I gave away a few of them. You're always concerned. Well, you're creating more competition for yourself.So that is always been the concern. But yeah, I don't see it yet, but I think there was a few questions from some smart people out there that they're probably getting to that. So maybe I am creating more competition for myself or, or the opposite. Maybe there's people out there they're going to go out there and try and learn and you're going to be, well, I know they get smarter than you.And then they take the opposite side of your trades. It's like, oh, this is how he trades. Well, okay, well, he's going to screw up this way. So it's true. Lots of smart people out there. Lots of smart people were at the event. Fantastic questions. It was her best turnout ever, I believe. Was it natural?Yeah. So thank you very much, everyone, for your support for the event. Um, it went very well. Spencer hosted for us. It was a lot of fun. It was. And then the last thing along those lines is, you know how like the apes, you know, they're all pretty much caged up now, right after this AMC thing, they're still set in AMC and ready to go.So I don't know. We can say the apes are over there. They've been quiet lately though. As AMC, they be quiet, David quiet. So why can't we create our own brand traders and have a name for them? For the pre-market traders? For our tracks, we call them the preps. The properties now, I don't know if he or the, perhaps what do you think Spencer, or is that like a side it's peppy, offside thing.Let's workshop it let's workshop it, the prep, the preppies. And then one final thing before we get into that, to the markets I in, in folks, you know, I'm always joking when I, when I say this stuff, but I have a personal upgrade, uh, coming to Lulu lemon. Yeah. I had, uh, I had incredible experience and your story yesterday and I, I dropped some money too, and they were everyone.There was so nice to me and so helpful. And I just kept buying stuff, but you don't just last fashioned tip. Do you know when you need new socks? Do you know? Absolutely. When you need new socks, when you have holes in the bottom, that's a halfway thought to have holes in the bottom of part of the lore, and then you mix and match them with the, like the same ones you bought before you didn't know.Okay, anyway, take it away. A lot of crazy tangents here. Let's go. Let's start where we can sort of overall market slash apple here, right? Because there's sort of one in the same. Cause the question I was posing this morning is do we see new highs this week? And the same, the same could be said about an apple, which is at new highs right now.Uh, w just about a trillion dollar market cap for apple, which sorry, three joint matters, which is crazy to think about. Cause it was not that long ago where we were asking, uh, is apple worth of $1 trillion in it. And he took a while to get there. It was on the precipice for a while and, and finally he got to one and then he got to, to look a year later.And now here we are, and we're almost at a $3 trillion now in apple. Um, so the question is, uh, two-pronged, uh, apple 3 trillion. Uh, do we, are we buying that or not? And to new all time highs this week, do we see them yet? Definitely not buying it, uh, own it already. I've owned it for the better part of a decade.I'm not selling it either because I simply don't want to pay the tax. I think my average cost basis is $25 on apple. So the majority of it would be tax. I mean, there's a, there it's unbelievable that we were talking on the show about this approaching that who is going to be the first company at 1 trillion.It was like two years ago, we were talking about this who was going to be the first company to $1 trillion. Maybe it was three years ago. And you know, it was a race, it was Microsoft, apple, and, you know, and ended up, I believe being apple. That was the first to 1 trillion. And here we are three years later and we're talking about it at 3 trillion.So, I mean, holy mackerel, I mean multiple expansion. And one thing to consider if you're coming in and buying an apple now apple historically has traded from 15 to 20 times. I think it's trading 35 now, so it's starting to get expensive. And why is it expensive for the simple reason is that it's flight to quality.People are flying out of everything that you know, and they've flown out of the Kathy stocks this year. They're flying out of the high P stuff and they've expanded the lower piece stuff. So the lower piece stuff, some of it is actually getting expensive, not all companies, but I would say apple relative to itself is very expensive here.Now, still you say, oh, 35 times earnings. Isn't bad. The company is, I guess it's growing. I don't know how much it's going to be honest with you, but if I, uh, if I had on for a trade, I would ring the register. I don't want to sell it for some reason. I don't want to pay the tax and I don't think it's going away.I don't think this is like, you know, uh, oh, well this is the top, the forever top. I don't think that's the case, but it's definitely over extended. Um, I think we hit the 3 trillion. Maybe it gets that, you know, buyer exhaustion after the 3 trillion. Cause this has been the drive for 3 trillion. You hit it.Maybe then there's going to be a little bit, what's the price, what's the price we have to hit to get to 89, 180 2, 8 ISO or buck away from it. Right. So we're in there. I mean, but if you're coming in and loading up your portfolio in apple, now I Def I believe you are absolutely doing it backwards. Yes. I am talking against my buck.No, I do not intend to sell my apple position for the simple reason. I don't want to pay the tax, like I said before, but wow, man, this has been a move. Pre-market high 180 2, someone has their foot there. They will just want to sell that's their target. So 180 2. I mean, there are no numbers out here. This is trading up to 35.I would use that close. If you were looking to buy this on a depth, uh, I would look for support at the closing price. I don't know if you're going to see that old time closing price, um, on Friday. And that came in at 1 79 45, 180 2. Pre-market high. Uh, just one quick note. And this, um, Wednesday, Wednesday afternoon is going to be a little special on that.I'm going to be joining, uh, Aaron and Spencer on the power hour for bending alive. We rebranded really rebranding and, uh, we're going to bring on two pretty good guests and probably no other guests to talk about it more before and about apple gene money. We'll be joining Spencer and I, and he will be going not up against, but, uh, you'll be doing a dual commentary with Todd Gordon.Oh, that's great. Two for one on the same side though. Aren't they both, I'm curious what gene thinks about apple now. I mean, who has been more right in the last 20 years on apple than gene Munster, he was the one on CB on CNBC every week. Just preaching. It's an apple by apple, by apple. I mean, he preached that for 20 years, obviously, you know, when he was over at Piper, but I mean, he was obviously covered it as well, but I mean, I can remember so many times it'd be pulling back a little bit apple and he'd be like, you gotta be buying an apple here.You gotta be buying apple. He was the, basically the analyst on apple for the better part of a decade early on. And when people doubted apple, he never. So you got to give him props. So whatever he says on apple, I would listen. Right. It's like I said, he'll be out of time, Gordon. It's so funny. Cause it was only a couple of months ago.I speak, speaking of apple is like, when, you know, I think it was an August where they, they warned that their holiday, uh, iPhone sales were going to be weaker due to the chip shortage. And then there was also those reports from like, was it two weeks ago now that said the man was actually a little bit weaker than expected this right here.That was the day. Yeah, that was the day. Yeah, exactly. Right. This is flight, the quality tech it's been going on for a while here where obviously we know Microsoft, same story. Break it out right near a new, all time highs. It's just the flight to, it's kind of a, the Tina trade, right? There's no alternative.So I'm like, okay, well, I don't want to pull out and go into cash. And then cash, I'm losing six, 7%. Or as they were saying over the weekend, when you, when you put it in housing, inflation's running 11 to 12%, which we've been talking about on this show for a long time. I mean, you're losing guaranteed money by sitting in cash.And if you're scared of all these higher risk assets, you're like, okay, well I'm going to consumer staples or utilities, but eh, is that very good? Consumer staples? Retail is well, let's go down. Because we know technology is still there. I think you're getting an inflation flight to safety flight quality trade in apple.I'm not sure that it continues because it is, you know, people are thinking, oh, Apple's not risky. It is at this valuation. It's definitely risky. It could pull down 20, 30% still probably be expensive to itself. So, um, I'm not, absolutely not buying more apple at this point in time, but don't discount the fact that people are hiding an apple due to the Tina trade and due to inflation concerns.I mean, probably some analyst, you know, some Renegade analyst might come out in like downgraded or something that might bring up the ratings on the pro that's a genius went to two 50 on a day. Here's what I'm saying here. Gina. That's what someone's re uh, the, uh, uh, the reporter, our Chan, we show Spencer the ratings and the pro on apple, just to curious to where everybody is on this.Yes, we can share screen. So he's going to show the pro right now. This is the nice tools. When you bring up the pro you can just type it all up. They can look at, is there anybody got a salary rating on it? Uh, anybody have a salary? I'm going to sort it by date. I'm I'm only going back the last two years.Uh, yeah. New street research. That's tough from, they put a sell on it. And any other sales, a couple of years, no neutrals underperformed to me a year and a half ago. So they probably upgraded since then. Oops, I shouldn't have downgraded it. And you can actually check that because you can see it's Wolf reach your chair, but no, I am down officially downgrading, apple, myself.I'm not an analyst, but just on the pre-market paper or whatever, I have downgraded from bite a hole. I'm not going to sell because I'm not selling it, but I'm holding it, but I'm not buying it up here. Nope. So I'm officially on this day, my official moderate analysts. This is not a recommendation, but just myself on my own trading.I am downgrading it from vital hole today at $181 and 85. So. We'll see how we do when you're only 180 2, you're a genius. That's made 2 cents just like that, but I, yeah, so I'm still locked. So I actually lost 2 cents drill. I went to hold. I'm still holding. All right. Let's, let's talk about frozen for a trade though.Let's talk about the news of the day and using the morning. One of the headlines you've got here is on Harley Davidson. This one is very interesting. So it's a bit of a complicated situation, but as I've gathered from the press release, so Harley Davidson is spinning, they're spinning off their Evie unit.They're combining that with a SPAC that is buying this other company, uh, called, uh, uh, w oh, I just had to hear a wive wire, right? Uh, so the combined Harley Davidson. Livewire company, uh, is going to, is going to be, uh, uh, valued at a $1.7 billion. Harley-Davidson will control about three quarters of this new Evy bike company.And this merger is with I M P X. Yes. FAC yes. So if you want to see the spec, which actually is not up much, it's only up 15 or 30 cents here, so it's not up much, but Harley Davidson I've been saying the people who are making money on these backs are the ones who are ushering them. Um, Harley Davidson is rip roaring and rallying on this.Joel, we're not getting her autumn. We're not getting her autonomous, uh, bike here, but we are getting, uh, the, not the driverless bike, but we are getting Evie bikes. So I don't know. Kick it 42 out of my head on this one. Uh, you spiked over 42 on a couple of different occasions up nearly 12%. You can see these spikes in the pre-market trading as high as a 40.You got a spike at 42 34 42 43. Now you're back down at 41 10. Uh, since that was the August higher this year at 42 0 1, I'd be, I'd be a little bit Larry here. I would take a look if you know, if I had a long, I'd be saying, Hey, come and get me a 42. I'm not worried about the pre-market highs much. Um, it gets to that, you know, who knows it really opens up even more.And there's a big candle there back from July, but I'll use that looks like you found some intraday support at 40 or pre-market support. That's it for Harley Davidson, probably a rally to be sold. But the one thing to consider is that we have moved into this value oriented market in the last few months.And that continues in Harley Davidson. I know Spencer…
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