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oh my God I told you guys that EMC was supposed to go up yesterday I know I was I was wrong and I'm sorry and it's just told you it was gonna go up yesterday that is right Jim Cramer who is known for his horrible call outs was literally just crying on national television on CNBC now before this happened before Jim Cramer made a call out I want to just cover one thing Jim Cramer is known for his terrible terrible call outs ultimately amongst everything so if you inverse Kramer you would probably have at least an 85 to 90 profitability rate on whatever you're trading so Jim Cramer on October 24th put out this tweet he says the lack of respect for meta is incredible right right after that meta missed on earnings meta just you saw it coming right Google did bad Microsoft did bad then meta then Amazon which we talked about in yesterday's video and how it will affect hedge funds pension plans et cetera et cetera because those are about the top four Holdings including Apple uh for Blue Chip stocks that Pension funds and hedge funds own for their blue chips so it is not looking good overall that meta's down over 30 in like two days Amazon's down over 14 in a day Microsoft et cetera et cetera you can go down the line of Blue Chips yet you're still seeing the S P 500 pump now this isn't a video of us predicting the market however again I'm gonna say it again I don't think that the Spy is actually in the right territory to have a rebound and we'll go over that in the video later or depending on when this one comes out the video would have already come out right now imagine telling people to buy right here on meta two days later it's down 32 percent I mean look at this damn drop now we know the economy has only gotten worse and if you take a look at the earnings previously on meta what made you think Jim Cramer that they were going to uh actually beat or do good with the way the economy has declined over the past quarter anyway in the video Jim Cramer pretty much said that what he got wrong is trusting them and not himself he had no idea idea that a company like this wouldn't have discipline and there is an amount that you know that you can't spend over and you shouldn't burn through all of your free cash flow now before I play the clip for you guys Jim Cramer wasn't wrong for having a little bit of faith in meta due to the fact that how low it was right I it over corrected but apparently they don't know discipline and you'll see that in this video that Jim Cramer goes over and they don't know really how to spend their money so I just wanted to touch on this with you guys as Jim Cramer is kind of a part of what we talk about on a day-to-day basis because he's always trash talking AMC and as it might be funny to watch somebody cry that we don't like on National Television I will say one thing uh Jim Cramer if you continue to do this shout out to you for actually being a man and admitting you're wrong because it takes a man to be like I'm sorry I made this call out I'm wrong whatever whatever except you don't have to make a call out every day you gotta understand that man just cover are some news and regain that faith in yourself and uh you know regain what you want from people from them right regain the trust if that's even possible at this point now as I'm filming this video I want to add one more thing and it's not just Jim Cramer everybody makes good call outs everybody makes bad call outs I'm guilty of it myself but that doesn't mean you have to tear someone up over it now I know we don't like Jim Cramer and I don't get me wrong we don't like Jim Cramer right but don't stoop to his level of talking if you hold AMC and GameStop because we are better than that for one and for two we are the ones who are going to be making money in the end of this play so again even people on Wall Street make good call outs they make bad call outs the one thing for you guys is don't take advice from anybody who's not a financial advisor let alone even some financial advisors make mistakes but that will fall essentially on them so again do your own DD do your own research and if you hit a bad play and you listen to someone so what you take the loss you learn learn from it you made your mistake it is what it is but that is it guys watch this clip that I'm gonna play for you here we go free cash flow last year 9.5 billion now less than 1 billion yeah let me say this about this I made a mistake here I was wrong I trusted this management team that was ill-advised Universe extraordinaire and I apologize okay um what did you get wrong I had a a belief that there was a recognition that there is a matter that you can't spend contrast that for instance with Jim Farley who took a project that was his argue and closed it because it was not ready it was not near enough this situation is almost a rogue situated I had thought there would be an understanding that you just can't spend and spend right through your free cash flow that there had to be some level of discipline and I didn't get it but David what did I get wrong I I trusted them about myself for that I regret okay I've been in this business for 40 years and I did a bad job Morgan Stanley today downgrades it for the first time ever uh to equal weight uh Target of 105.
they call it thesis changing what happened I think that's fair when I discussed this with my wife Lisa be this this is all I talked about last night and how disappointed I was not in them but myself I think that's true was thesis changing I did believe that there would be some discipline I emphasized to them actually that I expected discipline but I want to go back again I made a mistake and I was wrong I trusted this management team and that was ill-advised and I own that it happens um I appreciate that you know you have relationships with people that extend over long periods of time and you believe what they tell you to some extent now that's but it was horrifying altimeter was right and I chose to I chose to not Overlook what altimeter said that was just this week that was just no one day whoa right yeah okay you're right I uh it's very easy I think and I'm going to say he was right to do that but I come out here and I try to help people every day you know I failed to help people and I own that and was I too close to the company I did not think the company would be as ill-advised as suspend through what they had well without any discipline what so as Carl said you're not alone in being surprised by that many are and that's but I don't really care about that all right guys that is going to close out the video however there is a link in the top of comments for you and Linked In the description for you to hit the link download MooMoo and deposit a dollar I see a ton of you have done it and you actually haven't deposited a dollar let alone deposited any amount which will get you a 10 Cash coupon plus 15 free stocks worth up to two thousand dollars per stock selling all of this you will probably have at least 10 shares of AMC at minimum in my opinion I could be wrong none of this is financial advice and I'm not telling you to buy AMC but you guys get where I'm going with this I think that's gonna do it turn post notifications on subscribe hit that like button I love you all lottery stocks out thank you
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