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It's time for a lightning segment on our show. Bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye bye n you play this then the flash segment ends. Are you ready for a quick segment with Andy in New York, Andy? Hi Jim, how are you? I'm fine, Andy. How are you?
Extraordinary. Happy New Year. Happy healthy new year. Really, the best for everyone. Thank You. So, good. So, I called you about Soundhound. I've been in a few times about six months ago. It had jumped sharply. I was in and out about a week or two ago. I monitor it, see it, start moving. Didn't get in fast enough , but got in around 13, took a good position.
Oh, 13. Well, he said 20. Now, you should immediately cash out some of the profits. This is the problem with Sound. This is a company that is constantly losing money. Uh, because of that, I actually think if I were them, I would sell about 50 million shares right now so I wouldn't have to worry about the cash position because they have such interesting technology.
But right now, this is just a *short squeeze* and only a *short squeeze* until they do that and fix their balance sheet because they keep losing money. That's the complete plan. Don't have to pay me for that, but it's true. Linda in Florida. Linda Kim, I am so happy to be speaking with you tonight. Well, here it is.
Here he is. My wife doesn't . I just checked it. He said, "Absolutely not." He will call me after the event. Yes, I have the photo. So, please continue. My question is regarding Hatne Limited, with the stock symbol AKFN. Oh look, we got that huge dividend. It looks very tempting. Those are the stocks you should avoid.
You have to trust me on this one. You might get a dividend or two, but those stocks that say their dividends are a red flag. Now we turn to Mark in Illinois. Mark, hi. Booyah. Jim, happy new year to you. You're welcome . I called to ask about Home Depot. I went back and forth buying it. Yo, I love Home Depot.
You know, Jeff and I, Jeff Marks and I, we keep arguing back and forth. I want to make a decision quickly and buy more. He reminded me, look, we already bought some in this area. But let me tell you something. There is a head and shoulders pattern. People thought the pattern would crash. I wanted to buy right in the middle of that head and shoulders pattern problem .
Now, let's move on to Johnny . Oh, in Missouri. Johnny. Booyah. Jim, happy new year to you. For you too. I have two tickers for you to look at. The first is Riot Platforms. These are the stocks I have traded over the past year. Okay. Well, Riot Platforms, I'll have to ask my chief scientist, Ben Sto, about that.
He pointed out that it was a Bitcoin miner. And is there any better business than mining Bitcoin? Oh, yes. Okay. Especially? Please. That is it. Well, that's good. Yes. Hey, let's accept other people. Why don't we turn to Drew in Minnesota? Drew. Hello, Jim. Yes, Drew. Drew. Is that true? The land of iron is here.
You know, Vikings were real. Can I convey it? And I will do it. What's that? Diddy's. What should I do there? Okay. By the way, I'm with Jeff. I'm with Jefferson. They have Jefferson. They have Madison. All they need is Washington, right? I mean, they have it all. They have all those founding figures.
Where is Lincoln? They have the old founding figures. Please. What happened? Well, I'm a member, a new member of your club and I'm a retired USW steelworker. Oh Lord. Is it true? And with everything that's going on in the US, regarding the US Steel Company right now, especially given the news today, uh Cliffs, Cleveland Cliffs where I used to work, um their bid for US Steel might still happen.
So, I was just wondering. Well, I know I was trying to contact them to get on the show tonight. Well, here's the thing. Honestly, steel stocks are the worst stocks on the market and I think you can buy this stock and if you're willing to accept a point or two of decline, then I think that's fine, but you have to accept the fact that that's what could happen.
And that, ladies and gentlemen, is the end of the Lightning Round. Lightning Round is sponsored by Charles Schwab. ? Kramer tweets #. Anything missing? Visit madmoney.cnbc.com.
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