#AMC--$10.16 4/24/21, $48 now! Please subscribe and share for free! 11:00-14:28 Thx, Bakes

Bakes’ Takes Podcast Show Notes Monday  

May 31, 2021

 

:28 Happy Memorial Day—Please remember and honor those who gave the ultimate sacrifice. God Bless them and God Bless America.

 

:54 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.

 

3:25 Supercast/Patreon levels. Weekly call with me, 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.

 

4:16 Not investment advice. Please conduct, and share, your own due diligence.

 

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

 

4:27 @GSpatuzzi—TA on #GME

 

4:44 Chart from 4/24/21 show

 

https://www.youtube.com/watch?v=DJzFDsi5ExE&t=9s

4/16/21 26k+ views

 

$209.43—close to $212, 5/25/21

 

$242.56—to the moon!, 5/26/21

 

Weekly-$222

 

Daily—2x volume, $212 taken out, wedge “worked”, $265 hit resistance, not HODLer, take out original investment, $348.50, $483, frankly, can’t fathom fundamental catalyst, short squeeze much less likely, hope this helps, I welcome your future questions

 

11:00 $10.16 4/24/21

 

https://www.youtube.com/watch?v=mNNASwmxc_8&t=432s

5/20/21 became more positive, short squeeze more likely

 

$14.44--$19.56, 5/26/21

 

13:18 Monthly--$33.50, overshot, resistance held, largest shareholder China’s Dalian Wanda sold most of its share, smart money?

 

14:02 Weekly--$26.12

 

14:28 IWM—GME #2, AMC #8, 1700+ charts, extended, tired, sometimes doing nothing most profitable course

 

Bakes’ Take –Let run with house money, GME, AMC, market overall tired, news desert

 

17:47 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.

 

18:02 Bakes’ Takes—My Themes/Groups

 

+15.49%, STILL allergic to red, so I don’t have any

 

#BakesTakes_ #uranium #bitcoin #cannabis #inflation #copper #sugar #soybeans #wheat #corn #blockchain #GME #retail #shortbonds #silver

 

1700+ charts no new themes

 

21:35 Bakes’ Take—Uranium looks great, bitcoin does not, inflation still likely more persistent less transitory

 

Bakes’ Takes-Gray Swan, new segment

 

 

 

Bakes’ Take—Podcasts of the Week!

 

https://macrovoices.podbean.com/e/macrovoices-273-larry-mcdonald-dollar-down-gold-oil-uranium-up/

 

22:25 20 minutes--ESG situation—next 12 months, most spectacular resurgence, oil, coal, India lockdown, oil UNCH not down 20%, $100 oil next 12 months, met coal steel, ESG backfire basket, supply problem driving season 1q 2q 2022 next year, China, India, take down coal, nuclear up.

24:27 In U.S. Kerry-flipped, Jennifer Grantham-DOE, Biden team, oil x10, 2025-2030 short 10 mil pounds Uranium, uranium national security problem, not mined here, nat gas, coal up, makes nuclear more competitive, last 10 years, uranium buyer didn’t have to front buy. Institutions front running. Unintended consequences of gov’t. only $21B uranium, bitcoin $.5T, dogecoin $50B

 

26:19 “Best risk/reward trade I have seen in my life. 5x-8x upside, 40% downside. URNM, URA.”

 

27:05 Bakes’ Take—Fans ask for ideas, I keep saying URNM, eyes glaze over, think I’m right

 

Bakes’ Take—Reporters of the Week!

 

Bakes’ Take—

 

27:40 Bakes’ Take—Charts/Tweets/Posts of the Week!

 

Jeffrey deGraaf—bitcoin head and shoulders top

 

29:00 Danielle DiMartino Booth—home buying conditions worst ever

 

Bakes’ Takes-short term bitcoin looks suspect/horrible, if breaks $30k, $20k next stop. If you don’t love a house, rent, consumption item, not investment

 

Bakes’ Take— Newsletters of the Week

 

Bakes’ Take—

 

30:37 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/watch?v=kYYINJM3lPA

31:05 Tom Segura, Disgraceful