Things I Think I Think...
Dear Fellow Traveler:
A few months ago, I started writing a screenplay. But I hit a wall when things in life required attention.
One of the big problems - getting into Act II - was developing the female character, Mara.
In this film (called: Proof). she is quitting her job because no one at a “WeWork” listens to her… and she takes it personally.
I’ve been looking for a moment that I can build around… a point where her character shines through on her frustration…
…
So, last night, I go to my family pub to pick up some dessert.
While there, I say hello to a regular, and the bartender comes up and greets me
I’m standing there, and I say to her, “I need to find a wine shop that is open right now…”
“You can go to Ridgely,” she says. [Ridgely Spirits is the name of a nearby shop that is open.]
“Where is that?” I ask, turning to the regular on the customer side of the bar…
The regular names the… And in my mind, I remembered this wine shop from 20 years ago that I’d forgotten about…
I continued talking to the regular… “Oh, Ridgely…” I said, nodding to him. “You’re right…”
With that, the bartender jumps up for a second.
“No!” she says, loudly but confidently. “I’m right…”
I stopped. I turned to her. “I’m sorry,” I said, realizing… “You’re right.”
“Thank you,” she said, and walked away smiling…
And just like that… I have inspiration…
What else is on my mind?
No. 2: The Insider Buy on TKO Crushed…
I grew up watching wrestling on Saturday mornings, but I stopped watching it…
However, I was really surprised—and impressed—by the work of TKO Group and its emphasis on ESPN. I usually dog ESPN, but as a storyteller (which has always been wrestling’s strength), I have to marvel at the fact that the WWE is on the front page of ESPN today…
And the traffic and interest continue to rise. I get it… it’s not for everyone.
However, I remind you that a year ago, I discussed the significant amount of insider buying surrounding TKO Group (TKO), which owns the WWE and UFC.
Ari Emmanuel - loaded up at $142…
Shares are now up to $202…
Yeah… insider buying is awesome…
If wrestling is what people want, give them what they want. And if that’s what someone wants to watch because they’re entertained (and it distracts from all the negative political and societal nonsense we have to endure)… then I’m all for it.
It’s an impressive company - and their storytelling is incredible… always has been.
Maybe that’s why a director just bought the stock again on Tuesday at $203 per share…
No. 3: Maryland is Making a Huge Mistake
There’s a gold shop across the street from my family’s bar. The proprietor dislikes the Democratic Party.
I sold some gold there last year, and I watched him throw someone out for wearing a DNC shirt…
Anyway, the man has a reason to be upset with Maryland leaders.
He buys and sells gold. The margin for gold sales is around 1% to 2%.
So, imagine his anger when the state of Maryland started slapping SALES tax on gold sales. That’s a 6% levy on gold…
They get 300% more than him?
Yeah, his business is down 90%. And what are Marylanders doing while gold prices continue to spike? They’re driving to Delaware…’
Congratulations, Maryland.
No. 4: Reversion Trades Work…
Another day… Another reversion trade.
I have been talking about the “Druckenmiller Trade” for two years. It’s simple…
The market sells off… the S&P 500 ETF (SPY) cracks for a second into the fourth standard deviation of 1-minute Volume Weighted Average Price (VWAP)…
See… 11:30. We break outside the Bollinger bands…
You buy the AT THE MONEY CALL…
You set a 20% stop…
The $660 call for today rose from $1.26 to $2.34 in about 45 minutes.
That’s an 85% move.
I teach traders about this trade all the time over at TheoTrade; we discuss it almost every single day. This morning, I told traders to look for this exact pattern…
And it delivered…
TheoTrade is offering traders their first month at the price of their choice.
And I’m there every day from 8:45 to 9:25 am… and 3 pm to the close…
Check it out…
No. 5: And Finally…
I just pointed the camera…
Right now, Gavin Newsom is panicking… Refiners are leaving California because of his climate policies… and that’s not going over very well, since gasoline prices are going up… That’s bad for him…
Meanwhile… what’s on the front page of Drudge Report today?
I don’t know why anyone would ever dismiss this possibility…
Just control what you can… We’ll react accordingly (with Blue Label).
Don’t get mad at me… pendulums swing…
And the New York City and Minneapolis elections have me expecting she’ll make waves… despite her policies.
Polymarket has her at 11%. That is a SCREAMING BUY.
Newsom doesn’t have her ground game…
Sorry to depress you…
Stay positive,
Garrett Baldwin
Hi Garrett, enjoyed seeing your return to the screen on Marketbeat yesterday. You played the programme format well as the no-nonsense to the point kind of guy.
AOC is a hottie, people can get behind.