Hubert Senters here. Got a question from Rich. PINS announced their earnings this morning 7/31/20 and the market was anticipating a loss of .31 cents per share and the actual earnings showed a loss of .07 cents per share. The stock is still losing money not as much as anticipated but still not making money. My question is why did this open up this morning $8 higher when it still an unprofitable stock? Thanks, Rich. You can do that with anything. And what it’s called is speculating. Like Tesla’s cars shouldn’t be as expensive neither should stock be that higher. You could say the same thing with an Apple stock or Amazon. It’s what we as group of individuals are willing to pay for a thing. If I think Tesla’s worth $5,000 and if you think it’s worth .50 cents there’s going to be a meeting of the minds in the middle it’s called making a market. And that’s kind of how that stuff works. Just take a look really quick though. But one thing you can say like I don’t follow the earnings per share and the fundamentals because the fundamentals you could have a company that their fundamentals are just garbage. And the thing will go verticle up. You could have a fundamental company like it’s killing that money wise and its stock just goes down. Nobody’s really interested in it. So that’s the reason i don’t follow it much. But let’s take a the technicals really quick and see what we can kind of glean here. Now, this is even more common with technology or Silicon Vallet stocks like Uber or Pinterest, Twitter and stuff like that. And when I angel invest I’m usually investing in companies that have an idea. They have no cash flow and actually they usually have negative cash flow. But eventually that will be worth a billion dollars potentially right. They have could have a burn rate of $70,000 a month or a $100,000 or $200,000 or $400,000 a month. But they’re valued at $5 Billion. It’s just the weirdest thing to get your head wrapped around so I advise that you just trying to not wrap your head around it and go oh, I’m trading this for that. Speculating. Someone thinks that Pinterest is worth $34 today. And I think it’s worth $23 so. On this situation what I do is I tend to not play this game that much on the gap right there. I let everybody else scratch their head and what happened there. And then I will do a bracket trade and say hey, sounds good Pinterest. If you want to go above $34.29 I’ll get long you, My stop on you will be a bracket trade of $30.99. So I’m risking little 3 points in change or 4 points in change right there. In that situation I would be long here at $34.52 with the stop of $30.99. Let’s just go call it $31. That way I’m not worried about whether they’re making money or not. Overall, the stocks look decent so let’s take a look at here during the covid pandemic. It’s done decent. It’s not too nad. I think you could probably trade something that’s better suited during the volatility but overall it doesn’t look too bad. Looks like it’s going to go higher. I know it doesn’t make sense but heads up a lot of stuff that you’re going to speculate in the markets will not make sense unfortunately. Mark’s going to be doing a special webinar on Tuesday on ”Findinf Explosive Trades with the SVS straetgy…How To Find Trades Like a Sniper!” Finding a high-quality trading strategy. Scanning markets for buy and sell signals. Verifying signals with Power Setups. All designed to put the odds in your favor. It’s going to happen Tuesday, August 4th at 8PM EST. Good luck. Hope it helps. See you on the next video. Hubert.