GME--I STILL can't believe I'm saying this. IF #GME closes above $212 (up to $184 now), stock will scream, HODLers rejoice!

Bakes’ Takes Podcast Show Notes Saturday  

April 24, 2021

 

:25 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.

 

2:14 Not investment advice. Please conduct, and share, your own due diligence.

 

Bakes’ Take—Fan Mail! Calls! Questions! Mike!

 

2:31 #GME

 

3:56 Bakes’ Take – #GME breakout seems unlikely but still watch this week, AMC down volume bit less positive than GME

5:43 Charlie, TX

 

Thanks a lot for another great episode - love the episodes lately (longer form ones as well as the abbreviated tid bits). I have a couple questions/suggestions below. Any and all help would be appreciated.

 

• If I'm a young guy trying to gain exposure to the booming gaming industry (gambling/betting not video games) what do you think is the best way to gain exposure here? I think you've mentioned some ETFs and single stocks, but what do you think about Penn vs Draft Kings? Is it safer to just play in the space through the ETFs?

 

 

6:23 Roundhill Sports Betting—BETZ, down volume, had helluva run

 

7:23 VanEck Vector Gaming/BJK—very similar

 

8:01 PENN-$4-$142-$89/$2.28 ’22 39x, growing  40%

 

9:16 ETF’s vs. individual stocks, interviews sheet, suppliers, customers, competitors

 

11:08 Individual investor advantage

 

12:41 DKNG—Losing money, both lot of good news priced in

 

Like cannabis, states need revenues, legalizing

 

13:41

• What are your thoughts on Doge Coin? Is there room to make legit money there?

14:24 James McKintosh

 

14:49 Dogecoin—parabolas correct 80%+, below a dime in 6 months likely

 

It’s a joke…literally, maybe, greater fool?

 

• If you were to create a basket for tickers that'll benefit from the explosion of partying, concerts, etc that will likely come onto the scene this summer, what would these be?

 

 

16:00 Invesco Leisure and Entertainment/PEJ—looks like gambling stocks, market has largely discounted

 

16:55 What are your thoughts on eToro?

 

https://www.etoro.com/en-us/about/

 

Don’t know, but interested, please send your feedback

 

Thanks a ton as always.

 

Best,

Charlie

 

17:30-20:00 YouTube-ACE CLOP—No offense, not establishment, not a reporter, takes=opinions, establishment/market doesn’t care, #GME shorts way down

 

20:20 YOLO

 

20:54 MJ

 

 

21:43

 

22:19 Bakes’ Take—Fun week for #GME, XRT my way to play, AMC ok, gambling ETF’s look extended/tired, live entertainment too, no joke no dogecoin, prefer YOLO, Bob and others please share with your kids

 

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.

 

23:05 Bakes’ Takes—My Themes/Groups

 

Bakes’ Take-Stay the course!

       

23:40 Bakes’ Take—Podcasts of the Week!

ALL-IN

Bakes’ Take—

 

Bakes’ Take—Reporters of the Week!

 

25:10

https://www.cnbc.com/2021/04/17/mark-cuban-advice-i-got-from-a-mentor-at-22-years-old-that-i-use.html

 

25:55 Andrew Duehren, They will meet in the middle, as always, cap gains will go the same way

 

27:26 Bakes’ Take—Listen! Tax plan negative impact on stocks, crypto likely reverses this week

 

Bakes’ Take—Charts/Tweets/Posts of the Week!

 

27:41 Fido’s Jurrien Timmer, looks like 3/09-4/10, QE1 ended, Fed stopping bond buying?

 

Please see dogecoin

 

29:10 Bakes’ Take—14 mos. up, time for breather, like Josh Brown

 

29:25 Bakes’ Take— Newsletters of the Week

 

Bakes’ Take—Sell in May, go away, at least adjust expectations, dovetails with 2010 analog

 

30:38 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

 

Much-needed levity…

https://www.youtube.com/user/jimgaffigancomic

31:09 Jim Gaffigan—Bars are Adult Playgrounds