Banks Got Real Estate Issues, Chatting With ChatGPT, And More

Here’s the transcript for this week’s Trading With Cody Live Q&A chat.  I just got back from running to Albuquerque and I was going to run each question through ChatGPT and see how it answered each one, but…

So I plan to run some of our recent Q&A questions through ChatGPT and will send that out soon. I also started a Latest Positions review with new analysis and Revolutionary Ratings for each stock, so stay tuned for that this week too.

Q. Looks like the banks are rolling over. Reminds me of 2008. You think big cap tech could fall 30%?

A. Banks got real estate issues. Remember how everybody kept saying that banks will make a ton of money if we ever got higher rates. Turns out that’s not true, which is what I’ve always expected. The banks love low rates and a growing economy. Big cap tech is already down 30-80% across the board, and it wouldn’t shock me to see many tech stocks down another 20-30% in coming months… but another whoosh down would probably take us into territory where I’d finally get outright bullish again after almost two years or so of being constantly defensive/cautious/sometimes bearish.

Q. Cody, re chatGPT, have seen some concern that once fully connected to the internet could pose a real risk to google search. What are your thoughts?

A. “Let’s start a short list of all the industries that ChatGPT could disrupt: Internet search engines. Lawyers. Programmers/engineers. Junior stock analysts. Please feel free to add to the list.” I just put what is in quotes into ChatGPT and here’s what it output: ‘Here are some additional industries that Chad GPT (or other large language models) could potentially disrupt: Customer service and support Data entry and data analysis Financial and investment analysis Medical and healthcare-related services (e.g. medical transcription and coding) Marketing and advertising Education and e-learning Translation and interpretation Writing and journalism Architecture and design Sales and business development It’s important to note that large language models like Chad GPT are not intended to replace human workers, but rather to augment and assist them in their tasks. In many cases, the use of these models can help to improve efficiency, accuracy, and speed.’

Q. Do you still like TSLA at 160? I thought you said 130 before that?

A. Yes, I like nibbling on TSLA in the $160s and would get aggressive buying TSLA and TSLA call options if it gets into the $130s.

Q. I see that MDB had a big move today, if you owned that stock in a full position, how much would you trim?

A. I don’t have a big position in MDB, but it’s usually prudent to trim say 10-30% depending on how big of a position it is for you.

Q. Is SHOP a buy at these levels? Also, what is the WINR ratio for it?

A. I like the concept of SHOP and think it is Revolutionary. In fact, I have been using Shopify.com to build a website to see how easy it is compared to wordpress and other site building tools and platforms. Shopify is a great product. SHOP is trading at 19x 5 years out profits and I think the stock is probably a good buy any time its at $35 or lower.

Q. Hi Cody. Long story short, I got a new phone and when I logged into MetaMask I needed to use my seed phrase to access the airdropped crypto. Unfortunately the crypto that I bought was gone. Not a big deal since it was only a few hundred dollars. Are we able to put the SKTL crypto in a hard wallet? Would it be supported by Ledger? SKTL is a tiny position, but as it grows I’d hate it all to be tied to only my phone. Thanks.

A. I’m sorry to hear this. Are you saying you couldn’t remember your seed phrase to log into Metamask from your new phone? And yes, SKTL crypto can be stored on a hard wallet like Ledger or any other just like most any crypto can be.

Q. No. I saved my seed phrase and that’s how I was able to get the 35k SKTL from airdrop. The 25k or so that I bought was gone. Strange.

A. That is strange. They should be in the same spot, I’d think. Email missioncontrol@sktls.com and ask them for help. I’ll try to hop on the call when you connect with them so I can see what happened and if we can help you fix it.

That’s a wrap, thanks for the questions!

I leave you with a shot of the sunset outside my house the other night: