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Fox JUST Destroyed Paperhander Portnoy! $AMC $GME !!!!

11m 20s2,052 words352 segmentsEnglish

FULL TRANSCRIPT

0:00

hey everyone me kevin here oh my gosh

0:01

must see tv between

0:03

charles payne over at fox i love charles

0:06

absolutely love him

0:07

and dave portnoy day trader portnoy

0:10

mr portnoy founder of barstool sports

0:13

okay

0:14

here's somebody who paper-handed amc and

0:17

gme at the bottom

0:19

allegedly losing 700 000 on the trade

0:22

paper handing

0:24

in early february like like dude if

0:26

you're gonna go in and support a

0:27

movement

0:28

and it plummets don't paper hand when

0:30

it's at bottom

0:31

it's one thing if you're in it and

0:33

you're trading it it's one thing if

0:35

it's trading sideways you're taking

0:37

advantage of trades during the day

0:39

you're playing with options a little bit

0:41

to pick up some money here to pick up

0:43

some credits here

0:44

we like credits it's okay to do that but

0:47

if

0:47

your larger position just plummets

0:50

and you paper hand at the bottom it kind

0:53

of makes you seem a little weak

0:55

anyway dave portnoy paper handed and now

0:57

there's some big old drama going on

1:01

because this was very very bad for dave

1:03

portnoy this particular talk here

1:05

not only because of what charles says

1:07

the fact that dave pornoy doesn't even

1:09

know

1:09

who gary gensler is oh my gosh oh my

1:12

gosh oh my gosh there's so much talk

1:14

about

1:15

regulating the short interest disclosure

1:18

rules

1:19

to make sure that companies like robin

1:22

hood give fairer

1:23

treatment to their customers to make

1:26

sure that their customers are getting

1:28

clear

1:28

and transparent pricing but also better

1:31

pricing

1:31

by making sure that too much order

1:34

volume doesn't just flow through

1:35

companies like citadel

1:37

gary gensler is the chairman a

1:39

chairperson of the sec

1:40

and that's a very very important

1:42

position to know about and track because

1:43

guess what

1:44

they are going to be leading the charge

1:47

in charge and making sure that the

1:48

retail investor

1:49

gets more transparency gets more data

1:52

this is why we're in this movement this

1:53

is why i cover these starts this is why

1:54

i trade these stocks because i

1:57

find myself i deem myself i believe

1:59

myself to be part of the movement

2:01

diamond hand movement generally i am

2:02

wearing my my by the dip shirt i'm not

2:04

right now because we're filming stuff

2:06

for the gubernatorial campaign

2:07

in california so yeah unfortunately that

2:09

means i

2:10

am dressed up but let's listen to this

2:14

this is this is something else because

2:17

not everyone

2:17

sold amc at five bucks

2:22

would they well they might be

2:25

complaining rich people complain all the

2:26

time

2:28

because you held and then you go make

2:30

fun on twitter of somebody you sold

2:32

that's not how

2:33

jerks their party so so just to give you

2:35

some context

2:36

portnoy is pissed because he gets made

2:39

fun of for being a paper hander not a

2:41

diamond handler all the time

2:42

because he sold at the bottom he paper

2:44

handed out on amc

2:46

paper handed out on gme charles

2:50

is suggesting hey you know maybe you

2:51

need to chill out and stop complaining

2:53

portnoy's replying

2:54

hey well well rich you know you wouldn't

2:57

be complaining if you were rich and you

2:58

held amc

3:00

and charles makes a very very good

3:02

report here saying uh well rich people

3:04

do complain all the time in fact

3:06

you're rich and you complain all the

3:08

time and yeah

3:09

go to his twitter i mean he's

3:10

complaining all the freaking time okay

3:12

let's keep going

3:14

would you would you step up would you

3:16

stop up for these people dave and try to

3:18

help them down

3:21

okay okay i gotta pause here charles is

3:24

a fighter for this movement i love that

3:27

about charles he fights for this

3:29

movement and so important because we

3:30

want the greater transparency

3:32

this is not just a movement about trying

3:34

to

3:35

you know make things go to the moon sure

3:37

that might be a side effect

3:38

but what we want is more transparency

3:40

equal access we don't want to get told

3:42

we can't buy or sell stocks it was just

3:44

the other day workhorse

3:45

wasn't even available for transactions

3:47

like what's up with that

3:48

why does this kind of nonsense keep

3:50

happening the sec is like where's the

3:53

freaking sec to do something where's

3:55

gary like hello it's

3:56

it's time to do something here but

3:57

anyway keep listening to this

3:58

conversation here

3:59

charles fighter for this movement love

4:01

it

4:02

i'm trying to no i'm not being you're

4:05

being a little [ __ ]

4:06

listen would you stop looking at these

4:07

people and go to gary ginsler

4:10

go to gear i love i love this so just so

4:14

you know what happened here

4:15

dave portnoy just called charles a [ __ ]

4:19

and then charles goes what uh basically

4:21

i'm not being a [ __ ] you're being a

4:22

little

4:23

let's play it again you're making no

4:25

sense you're beating

4:26

me i'm trying to no i'm not being you're

4:29

being a little [ __ ]

4:30

listen would you stop looking at these

4:32

people and go to gary ginsler

4:34

go to gary gizzler and say help change

4:36

the rules help

4:38

change the rules help get more short

4:40

transparency

4:41

help get fairer rules more transparent

4:43

pricing for

4:44

the regular person folks i don't know if

4:46

you know this but if you go to

4:47

meetkevin.com i'm running for governor

4:49

in california and guess what i want to

4:50

do in california

4:51

more transparent rules i even won a

4:53

california stock exchange

4:55

so we can regulate this crap better and

4:57

finally give

4:58

retail what they deserve california

5:00

should have a stock exchange if new york

5:02

can have one we can have one too let's

5:03

keep going

5:06

you're getting to ask gary ginsler to

5:08

change the rules social media

5:10

this is a problem charles here says

5:11

would you ask gary gensler to change the

5:13

rules

5:14

great statement dave porno has a very

5:16

big following

5:17

and his answer not so good he's making a

5:20

mark

5:21

gary ginsler to change the rules could

5:24

you ask

5:25

could you go to war for these people

5:26

could you ask for the rules to be fixed

5:29

the playing field will be leveled who's

5:31

gary ginsler

5:33

he's the chairman of the sec all right

5:36

hey dave we'll leave it there my man

5:37

we'll talk again soon

5:39

don't be a little we'll see you folks

5:40

we'll be right back look at these

5:42

facial expressions look at what he's

5:44

like who's gary gensler

5:46

look at charles's reaction

5:49

who's gary ginsler he's the chairman of

5:53

the sec all right

5:55

we'll leave it there my man we'll talk

5:56

again soon don't be a little we'll see

5:58

you folks we'll be right back

6:04

oh there's the thumbnail right there oh

6:06

look at that that is

6:07

priceless oh my gosh it's so priceless

6:10

so of course dave portnoy then ends up

6:13

on his twitter

6:14

complaining to other people like unusual

6:16

wales who says

6:17

that uh you know charles asked whether

6:20

he should

6:21

apologize dave portnoy should apologize

6:23

for paper handing

6:24

uh and uh and and basically uh he

6:27

paper-handed right

6:28

uh didn't apologize and then dave

6:30

replies hey idiot i bought the day

6:31

before trading was halted i didn't know

6:34

they could do that i lost 700k uh i've

6:37

ripped vlad apart this is true he did he

6:39

did definitely aggressively attack vlad

6:42

uh i told the truth when i bought and

6:43

sold i created an uproar what did you do

6:45

i am the retail investor he's saying

6:46

he's the retail investor

6:48

he did paper hand though uh and then uh

6:51

this is let's see

6:52

here you went from one of my fav pseudo

6:55

celebs to looking like a dork in the

6:56

span of an interview

6:57

ouch and then uh this is who

7:00

okay and then oh gosh oh my gosh dave

7:03

portnoy's going off calling this person

7:05

a a a [ __ ] oh why uh you want to know

7:09

who the apes are

7:10

we're the ones who have propelled

7:11

barstool into the mainstream

7:13

that's who we are not not untrue uh

7:16

barstool sports uh you know uh pen pen

7:19

gaming

7:20

a lot of these some of his favorite

7:22

plays here have been big retail movers

7:24

or driven by retail every network exam

7:27

okay blah blah blah

7:28

wait what every network executive should

7:29

get their pens out and take notes on my

7:31

interview with charts

7:32

dude it'd be embarrassing why would you

7:34

say that

7:35

no people like you should not be

7:38

this goes out to charles payne cold hard

7:41

[ __ ]

7:42

cold hard [ __ ] dude this guy's losing

7:46

it

7:47

like 20 minutes ago with charles payne

7:49

he wants me to apologize

7:52

to the apes amc for for selling amc

7:56

back in the game stop meme stop who am i

7:59

apologizing for

8:00

i lost 700 dimes 700 000

8:03

because the internet people are are like

8:05

call me [ __ ]

8:07

paper hands and lettuce hands i'm

8:09

apologizing to them

8:10

nobody i got [ __ ] let us answer i

8:12

sold i wish i didn't congratulations

8:14

nobody's

8:15

he's getting charles payne i was right i

8:18

was right

8:19

if you start listening on what the

8:20

twitter mob says you want me to

8:22

apologize to the twitter mob for selling

8:24

amc

8:25

when they froze trading and i was down

8:27

700 000

8:28

blah blah blah okay port noise going off

8:30

the deep end not so good for portnoy

8:32

honestly huge shout out to fox huge

8:34

shout out to charles

8:35

it is so good to see the support for the

8:37

movement i love this

8:39

i've been actively trading uh some

8:41

options to pick up some credits and

8:43

premiums in the meantime here

8:45

uh if we dip just so you know my amc

8:47

strat

8:48

is i just want to give you my amc strap

8:51

because i do hold shares

8:53

in fact if i unlock here you can see

8:56

exactly where my shares are

8:57

so you can see my position here at uh

9:01

5264

9:02

approximately 1400 shares okay now i do

9:06

play

9:06

options though so just so you know

9:08

what's going on in the meantime

9:10

my strategy for amc is right now if we

9:13

end up

9:14

falling if momentum slows here and we

9:16

end up falling to 51

9:18

i am going to buy more shares i'm

9:20

probably going to take some of the

9:22

credits because i'm saving up money from

9:24

credits that have been trading

9:25

i traded a little bit of workhorse

9:26

profitably traded some other shares

9:28

profitably

9:28

and what i'm doing is i'm building up a

9:30

little credit war chest and i'm going to

9:31

throw that right back into shares

9:33

so we're adding to that position so the

9:34

point is we're gonna pay attention to

9:35

this super super excited here

9:37

dave portnoy sorry man you paper handed

9:39

you should have just said

9:40

sorry you f'ed up and you're gonna reach

9:42

out to uh this

9:44

the chairperson of the sec i've actually

9:47

reached out to them

9:48

via email for an interview and they

9:49

rejected me

9:51

all right thanks folks for watching oh

9:53

by the way i emailed them like months

9:54

ago it's not today

9:55

you know the months ago uh in fact in

9:58

fact because i don't want to sound like

9:59

somebody who just like

10:00

comes here on youtube and they oh yeah i

10:03

emailed the sdc

10:04

month ago sure you did anybody can say

10:08

you emailed the sec months ago

10:10

uh chairperson interview so

10:13

we have let me get my email oh

10:16

i have this uh company that sends me

10:18

securities law info

10:20

this is really annoying uh scc on

10:22

youtube here we go

10:24

boom freaking baby we have

10:27

uh sec on youtube this was back when i

10:30

had

10:30

uh 1.46 million subs let me go show it

10:33

to you

10:34

look at this folks look at this hey team

10:36

sec would you be open to a commissioner

10:38

chair interview on youtube many of my

10:40

subscribers would love to hear an

10:41

interview thank you for the interview

10:43

the chairperson

10:43

is not available to participate this was

10:45

before gensler was was available was

10:47

during the transition

10:48

but point is i freaking tried maybe i

10:50

should email again

10:51

right now in fact i'll do that you know

10:53

what we'll do

10:54

uh would genzler be

10:59

open to an interview yeah

11:03

let's get that out boom thank you so

11:05

much for watching folks we'll see in the

11:06

next one

11:14

[Music]

11:17

you

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