Bakes’ Takes Podcast-1/30/21 1) I’m not from Reddit, and I’m here to help 2) Listen to the Bells 3) SELL

Bakes’ Takes Podcast Show Notes Saturday January 29, 2021 :26 1) I’m not from Reddit, and I’m here to help 2) Listen to the Bells 3) Congrats-SELL (at least some) :46 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. Not investment advice. Please conduct, and share, your own due diligence. 2:26 Bakes’ Take—Fan Mail! Calls! Questions! Mike! Mike--GME 3:20 $60 or so support 3:47 $483, $413—Resistance vs. $325 close 5:27 $250, $150, $60 support, $15 200 dma 6:18 Bakes’ Take--Not going to bury the lead—sell your original investment, let rest of winner run, watch trades/closes below and above these levels Fundamentals, Valuations don’t matter for now, but here we go 7:25 GME—market cap=$22B Revenues down 30%, losing money Debt $1.16B -Cash 445.9M=$715M/69.75 shs=$10.25 sh Likely irrelevant, could raise money with elevated stock price 9:12 61 mils shs short, 69 mils shs outstanding 9:50 I will do same for AMC, BB later. Please share this with your RH or RR friends, send your other stocks/ideas and I will offer strategy for them as well. Mike helping me with breaking news via Zoom. Please stay tuned. 10:37 What is a short? Sell high, buy low, Melvin borrows at $60 sell, cover/buy at $4, -93%, I guess thought going to zero, they were wrong, wallstreetbets figured it out then applied elsewhere. 12:08 Margin call explained 13:13 Bakes’ Take--Likely reason market down last week, had to sell non-reddit rebellion stocks to raise cash, meet margin calls 13:40 How a short squeeze happens 14:28 AMC $20.26 weekly high resistance 15:30 $7.71 support 16:00 not another GME 17:00 Bakes’ Take—Sell original investment, let ride if break above $20.26, close more important than intraday, below $7.71 likely back down to $5 17:35 BB $28.77 resistance on monthly chart, doubt it gets there, $14.10 prior highs too 18:13 $9.69 support, prior high daily, close below a problem, parabolas usually correct 80%+ 18:45 Bakes’ Take—Sell original investment, let ride if break above $28.77, close more important than intraday, below $9.69 likely back down to $6.51 or lower https://www.youtube.com/watch?v=DYZHtF-tV0k 19:09 Chamath, RR vs. Wall St. establishment, $500k to Barstool Sports fund 20:00 If you have RH or RR friends, please share this, send your stocks to BT, will give best view of locking in profits! 20:23 John—FB 21:11 Who’s incremental buyer?—1.42 short ratio, 79.77% institutional ownership Bakes’ Take—if close below 200 dma, sell Bakes’ Takes—My Themes/Groups 21:32 -1.4% ytd, SIL cut losses, everything else still intact 22:34 My guess is we stop at around the 50-dma and support at $27. 59, if we get there. 23:35 Charlie fan mail! “clear bullish signal” looks like this, 10/2/20 16 mil shs 3x adv, 10/27/20 $15.67 NH > $14.78 24:50 Charlie—thus far I haven’t found Levi’s of bitcoin gold rush. PayPal Square etc. small % of rev’s 25:45 Yellen—dove, stimulus proponent, little impact on us as investors in my view 26:35 Bakes’ Take—Bitcoin/crypto uptrend intact in this era of money printing 26:42 Bakes’ Take—Podcasts of the Week! https://www.youtube.com/watch?v=rWEPSKkkdKQ 27:00 Chamath at 3 minutes, “RH was insolvent”, “cost investors millions”, “Mfer’s should go to jail”, June deepfuckingvalue, Michael Burry—Big Short, many stores FCF+, Chewy founder Ryan Cohen 10% become digital, 140% short, Melvin long puts for 4 years added 11/20 29:25 Bakes’ Take—Don’t have serious money in RH, needed $1b, restricting more stocks 30:15 Bakes’ Take—Reporters of the Week! Gregory Zuckerman—When the bears throw in the towel it’s not a great sign for markets Citron quits shorting Sounds like a bell! 31:30 Others, 5 in bar, CNBC 32:07 Bakes’ Take—Please listen to the bells. Next—Congress, 2ndys, HF response, gravity 33:23 Bakes’ Take—Charts/Tweets of the Week! 33:25 Bakes’ Takes--Newsletters of the Week Ben Carlson—9 uncomfortable facts about the U.S. stock market 35:07 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 https://www.youtube.com/watch?v=Bg_Q7KYWG1g 35:36 My lovely wife, Suz, sent this to the boys and I. Great moving message. Please enjoy and share. 35:50 Much needed levity—Ron White, I got thrown out of a bar https://www.youtube.com/watch?v=neUaSTSKFZc&t=3s New episode