Trump v Amazon, Cryptocurrency crash update, Driverless cars and much more

Here is the transcript for last week’s Live Q&A Chat. You can also watch a replay of it on my YouTube channel at http://youtube.com/clwillard.

Cody: Welcome to another episode of Cody Underground, the Trading with Cody livestream Q&A. Go to tradingwithcody.com and sign up. You can see all of my trades, all of my positions, and how we’ve got a bunch of long-time subscribers. We’re talking about 15, 20 years, and we have a nice little community chatroom, so go in there and talk to them. I’ll take a lot of questions today from that chatroom, and I will also take questions on a conference call number that I sent out to Trading with Cody people.

Well, let’s look what the markets are doing, because I haven’t looked in an hour, and they very well might have moved 2% up or down since the last time I looked. And boy it looks like we are having a lot of gyrations indeed today. You know volatility begets volatility. Maybe six weeks ago the markets starting getting really volatile, and we had those down swings. There at the beginning there would be a big rally after a few days of these sell offs, and then there’d be another subsequent sell off.

We’ve been buying a little bit of puts, just hedging our portfolios a little bit on strength. I’ve been writing articles about why I am now a seller on rallies, rather than a buyer on dips. I’ve been a buyer on dips for the last seven years. I think about the last month or so, I’ve gotten a little more aggressive about trimming my portfolio. We sold some Facebook, which we’ve owned since the 20s. We sold some actually above 190. We sold some Twitter, I think around 35 recently. We’re not trying to catch the top on all of these, you know, we’re revolution investing. We’re long term investing. I think there’s opportunity in near term sell offs, and in near term rallies, and spikes, but I’m not a day trader. I don’t know anyone who makes money long term day trading except for the guys inside of Morgan Stanley, Goldman Sachs, and the rest of the giant to-big-to fill banks, which work with the government, and literally will go 90 days per quarter without a day of losing on their trading treasuries. How does that happen, Piper? No corruption or inclusion there at all.

At any rate, those guys are not you, and you are not those guys, and we’re not using government connections to trade. Be patient, but the point being right now I am a little bit bearish about the near term. I have been since we starting having this volatility, and I’m not in a rush to buy.

If you don’t own any stocks — I have a friend who’s been wanting me to help him invest, and he’s been reading Trading with Cody for the last … I don’t know how long, and you know I sent him an email today saying, “Hey, this might be a good time to get your toe in the water on some of those names you’ve been thinking about.” And, I think that’s true, but if you own them, there’s no reason to get aggressively trying to buy more, and tying the bottom or something.

I’ll give you guys the four names that I mentioned to him that I would buy. Well, not necessarily that I would buy but that I thought he should maybe look at buying. One of them is Tesla. That’s his pick actually, not mine, but I do like Tesla. I’ve thrown in the towel for being a bear on Tesla 200 points ago, and issued a mea culpa to my subscribers for not having caught that one. I should have written it from 30 to 300.

We’ve had a bunch of names that we’ve written up ten fold like Tesla should have been one of, but at any rate, Tesla he liked, and I said you know it’s down big lately, because of overblown headline hype. Then three others Trading with Cody subscribers are very familiar with … and this is bonus for those of you who are not Trading with Cody subscribers to get all of my positions and when I would personally be buying any of these stocks, go to tradingwithcody.com, but three other names I mentioned here. Verizon. Intel. And, Amazon.

Amazon down 5% today, because Trump going after them, which really should be no surprise. Jeff Bezos owns The Washington Post. Now, we’ve seen Trump go after Time Warner, because of CNN. If you read The Washington Post regularly, which I do. I read The New York Times, The New York Post, The Washington Post, and The Wall Street Journal, and several other things, but those four newspapers almost every day. It’s very anti-Trump. It’s liberal. It’s much more Democrat … I know, I don’t like the term liberal, because I don’t think Democrats are liberal … but, it’s much more Democrat, much more pro-Democrat side of the Republic-Democrat regime than it is Republican for sure, and it’s also very anti-Trump.

Jeff Bezos owns … I mean, look, this is … you can call it petty if you want. I’d probably call it petty, but Trump going after voices, owners. It’s not a direct connection. It’s obsequious to get there, but he’s going after the owners of major media companies in ways that he can. Welcome to democracy-

21st century politics.

It’s not democracy is it. It’s politics, because you know media is supposed to be that third, fourth, fifth, sixth, seventh check and balance, and these days it’s … whether it’s CNN, or Washington Post, or Fox News, or Wall Street Journal, it’s partisan. It’s certainly not a check and balance unfortunately.

Stocks markets … look, you know, just be careful out there. Boy, now NASDAQ is almost flat on the day. DOW is up 150. You know, by the end of this call, let’s see if this has held. Feet to fire, I would bet … feet to fire. Come on baby, light my fire. I should have the guitar out right now. I actually know that song. It’s one of a few songs I know.

Any way, feet to fire, I would bet the markets are going to be down at the close, and even if they’re not today, I still think the path of least resistance right now is downward volatility, and perhaps some sideways action with volatility, where we’ll be down 300 up 400, down 400, up 200. We’ve seen that. As of the last few days the bounce hasn’t come. Today they’re trying to, and now as I’m talking, the NASDAQ’s down 50. Blink and you miss it.

You know, if you’re a trader, you could buy Goldman right now, because Goldman probably is printing money with this volatility, and they always brought money with their treasury and bond trading stuff.

Q. So, Cody, when they finally come for Amazon, does that mean we are getting close to a near term bottom?

Cody: Short answer, no. It does not mean that. Maybe closer, but look those names Amazon, Google, Facebook, Nvidia, Tesla those names have been on fire for years and months, and at 10%, 20% pull back doesn’t even take you back to where you were six months ago. Go look at a NASDAQ chart for just one year, we’re still … I should have been over at the whiteboard, Piper, could be drawing this up. We’re still very high.

Q. My son is at school, and in his financial class they put in mock money I told him to invest in Intel, and he ended up winning the competition. It worked out pretty well for him.

Cody: When was the competition started, and when did it finish?

Q. I think they started about three weeks ago. It ran for like two weeks, and he ended up winning it.

Cody: That’s funny. You know, those stock picking contest are actually the worst examples ever to introduce high school kids to investing and the markets and being smart with their money. It’s like here pick … throw a dart at any stock and if in two weeks it went up more than anybody else’s you win a blue ribbon. And I actually did. I won like a State of New Mexico stock picking contest in eighth grade. I bought Nike. Air Jordan came out, and Nike win … I think it was at the beginning of the school year, and I put everything I had in Nike, and then at the end of the school year, Nike had gone up like four times, because Air Jordan had sold like hot cakes more than anybody expected, and I had won the stock picking contest.

At any rate, congratulations to your son. I love the fact that it was a boring, stale, old technology like Intel that won it for him, instead of SnapChat, Facebook, something cool and hip. Nvidia. Tesla. So, yeah, don’t disagree though with me about the … doing a stock picking contest in a school for two weeks, is actually a bad lesson.

I mean. I hope that teacher’s not your sister, or your wife, or something, but I just put my foot in my mouth. Anyway, see if anybody on the app wants to ask a question. Anybody else on the conference call want to ask a question. I haven’t even gotten to the chat room. Is gotten a word? I have not gotten to the chat room. It is.

Q. Cody, Regarding the old block and chain, you mentioned you may be dipping your toe into some cryptos in the near future, has the recent Bitcoin smack down delayed this nibbling process?

Cody: Hey, that’s funny. The old block and chain. That’d make a good name for a website. The old block and chain dot com. Bet it’s already taken.

But has the bitcoin smackdown delayed my nibbling process? No.

Look, lets just talk about the play book. I fully expect that Bitcoin is going down to a thousand or lower before it finishes bottoming in the next weeks or months, or even a year or two. I think that 98% of the cryptocurrencies that you see listed on coinmarketcap.com are going to zero before this crash is over, but I do believe that there are a handful of cryptocurrencies that will change the world. And I want to own a few of those. And, I’m researching them, and I’ve been doing a lot of homework on it, and I’ve got some names that I’m ready to buy. I’m figuring out how to buy some of them. I’m not in any rush.

I do think I might put a tiny toe in the water, and just get a couple of them bought in a very small way. And then, in coming months add to that. Then, at some point when nobody wants to talk about cryptocurrencies, when people mock the concept of cryptocurrencies again. When people aren’t asking me if they should buy cryptocurrencies. When the pain that so many cryptocurrency traders are feeling right now … and I’m getting emails, and messages from friends, and strangers, who are talking about the pain they’re feeling, and the losses that they’re experiencing trading cryptocurrencies and Bitcoin right now. It’s nothing yet.

For a crash to truly play out … if, this thing’s going to crash we’re talking 90%, 95% crash from $20,000 to a $1,000 or lower, and we’re talking the guys who thought they could just even get back to even at $6,000 … when Bitcoin hits $10,000, or then, just hoping they can just get that 25% loss, if it would get back to $8,000, and then they’re just opening, they’re just cut it in half if it would just bounce to $5,000, and then they puke it at $800, and then eventually you and I will start in there, and ah, let’s start nibbling some more aggressively here.

These names that we think are going to change the world, but I think it’ll be a whole lot more pain, and I couldn’t care less. The buying the cryptocurrencies I want to buy has nothing to do with Bitcoin’s action. Near term, I expect Bitcoin is going much lower, dear username, “Gambler 15.” What kind of user name is that on Trading with Cody for crying out loud. Hope that’s ironic.

Isn’t it ironic that the song “Isn’t it Ironic” is not … doesn’t have a single thing of irony in it?

It is a stupid song… I love that song, but every time it comes on I get so annoyed. I always have since I was 20 and that thing came out. I like that “One Hand in My Pocket” song by her even better. Alanis Morissette.

Oh, she had moment in time, captured the zeitgeist, and just delivered … I mean she gave it everything in that one album. It’s incredible. Props.

Q. Cody, can you comment on Verizon and Facebook?

Cody: I mentioned earlier Verizon, I think it’s a good buy near. Facebook. Look, I wrote yesterday that I think it’s finally closer to a bottom. The last three weeks I’ve been saying, “Look man, I think this thing is a lot of headline risk, and multiple risk contraction here.” And, even some earnings risk. So, I wouldn’t rush in to buy Facebook. Another bearish point anecdote on Facebook is that … just like last week … right after it was down people in the Trading with Cody chat room were like, “Cody, should we buy Facebook?” I’m like slow down, slow down, not until you guys aren’t asking me if we should buy Facebook. Should we probably buy it?

I got a text this morning from a friend of mine who runs a construction company, and the question was should we be buying stocks like Facebook that are down a bunch? Well, they’re down. Maybe, some of them, I said yeah, right, but not necessarily Facebook.

If you don’t own any maybe get a one-third position to get started, I think that’s probably a good idea but if you own it I wouldn’t be trying to trade into it right now.

Q. My question is Nvidia. What’s a good stock to buy in?

Cody: Yes, sir. I recognize this as one of my favorite Trading with Cody subscribers, Joe Kennedy, one of our youngest Trading with Cody subscribers at 92 years old. How old are you, Joe?

Q. 91.

Cody: 91. Sorry. I didn’t mean to exaggerate. Didn’t mean to add any years to that number. Joe, thanks for the question, and look, I’ve owned in video-

Q. Cody, I’m asking what do you think of driver less cars — is that in the future?

Cody: They are the future. So, Nvidia’s down right now. I’ve owned it since 30. I wouldn’t be in a rush to buy it. It’s still … you know, it’s only down 30 bucks from its all time highs, and it has 134 billion dollar market cap. It’s gotten to be a pretty big position in my portfolio, because it’s coming up nine fold or something. They are, though, a big player on driverless, and that’s the reason the stocks been down lately is because Uber had a … you know killed a pedestrian with a driverless car in Arizona, a couple weeks ago, and Nvidia was in those cars.

There’s a report out today, we’ll find out much more details out about all of this stuff. I don’t believe the reports too much just yet, but this report said that Uber might have turned off some of the Nvidia sensors. Maybe they were testing something by turning those sensors off.

Okay, lets talk driverless cars near term, long term. Near term, driverless cars there is clearly a back lash right now happening. That will become political … it has already. You can hear the reporters on TV saying things like, “There’s been 5 billion miles of driverless cars on our public roads already driven.” Like, that’s a bad thing, but it’s pretty amazing really that there’s been billions of driverless car miles, and one death of a pedestrian. There have been other deaths.

Longer term, driverless cars, I 100% believe in. I am writing a book right now with my partner Tim McCullough that is called The Driverless Car Revolution, or something there abouts. It will feature some stocks, but Tim has spent a lot of time outlining and researching the size of the driverless car market. How big it’s going to be. How it’s going to play out.

Near term, certainly, I think it’s a step back. There’s going to be … it might be … you know it might push out the timeline even three to five years further than it otherwise would have been, but I still say ten years from now driver car sales will be down 50, 60% from where they are right now, and driverless car sales will be … and not just driverless cars, but driverless bus, driverless train, semi’s all of that stuff will be growing exponentially in a secular growth phase.

Q. I’m a new subscriber, I’ve only been on about three weeks now, and I’m looking at your post from February 20th, with your personal portfolio, and I just didn’t know with any of those stocks right now, if any of those you were targeting as being a buy this week necessarily more than the others.

Cody: Lets just run over, look at latest positions as I wrote them last time and see if I updated any of them. Hold on. Boy, I need to do another latest positions update don’t I. I like Twitter right here. If you don’t own it, I would maybe start looking at buying some of that.

Frankly, Solar Edge is up a bunch you know from the teens where we were buying it, but I still think it’s headed to 75, 80 soon, and could be headed much higher as it’s earning upside has been exponential.

Like I said earlier, you know I like Verizon, Intel, and even Amazon right here. Those would probably be my favorite three that are in the portfolio that if I had to buy something right here, right now in the portfolio those three would probably be the ones I’d start with.

Q. Hi, Cody. I have a newbie question about options. This is an emailed question from a Trading with Cody subscriber. I know how options work, and I understand how to buy and sell options. I also understand that you use options … that maybe means I personally use options as insurance against a downturn in stocks that we own … however, I could never figure out how much options I should buy. My question is this, is there some kind of rule of thumb that we should use on the amount of options we should purchase for “insurance” purpose? For example, say I own $10,000 worth Cody recommended stocks. How much put options should I purchase? Is it 10% of $10,000? Is some kind of spread used?

Cody: The answer, like most things with our stocks, and options, and our money, and our portfolio, and our lives in general … quite frankly … is there is no science. I don’t have a set answer for this stuff. It’s more art than science in some ways, but it also just depends on so many factors like your age, how much money you have in stocks versus how much money you have in your trust fund, or in your checking account, or how much upward mobility you have, how much inheritance you’re going to get, how much inheritance you’re trying to leave for your kids, how many new bills you’ve got.

The example I often use is my own example of risk tolerance … and I’ll come back to this question about how much put options to own … but, it really does come back to like this concept that I talk about all the time with my own personal life.

When I was a TV hedge fund manager rockstar, single guy, New York City I’m free wheeling. Spending clothes, working, flying, travel. Everything was an investment. It was networking. I’m in New York City hustling.

I now live in New Mexico, and I’ve got a medically fragile daughter, and I’m very much more cautious about spending, and investing, and you know networking. I also don’t need to network as much as I used to because I’m not trying to do that stuff for a living, but point being is my life style has changed. My income profile has changed. My risk profile has changed. All of that stuff comes into factor when you’re trying to figure out how to balance your portfolio. How much insurance you should be putting into your portfolio … I don’t like the term insurance, I’d call it a hedge … how much hedge to put on your portfolio.

When you’re trying to figure out about how many options to buy. Let’s say I decided the market was really, really likely to crash 20% in the next two weeks, and I’m like, dude … and, actually you can look back. You can Google Cody Willard … something on YouTube. There’s a video. I’ll send it out. I’ll try to find the link of me freaking it out when the bail outs were about to happen, and the government had decided they were going to bail out. I’m like, I’ve lost faith in capitalism in my country, and you should too this market’s going much lower.

It was like 11,000 the Dow, and it dropped to 6,000 there in like the next week or two. [crosstalk 00:45:03]. Even if that happened, I’m not sure I’d still go out and buy a bunch of options, but I’m saying lets just say I really got bearish and I thought we should sell most of our stocks. We should really go to cash, and maybe even buy some put options to try to capture some downside, not just even as a hedge, then you’d want to do more. You’d want to go buy more options.

Right now, I’m just like look we’ve had a heck of a run. We’ve got so many stock that are up so much. We need to raise some cash. Sell some. Trim some down. Why don’t we even buy some put options. Look, if you were the Cody Willard guy. TV star, hedge fund, single guy in New York City, you know again I don’t know what the exact percent would be, but you’d be aggressive doing that maybe. 3%, 5% in put options.

If, you’re me, personally, it’s less than 1%. You’re just hedging a little bit. Maybe 1%. It’s all relative. I don’t … there is no good answer for you. And some of you guys, if it was a $10,000 portfolio, I would tell you don’t buy a put option, just go sell some more, raise some more cash. We’re talking if you’ve got a big stock portfolio, maybe by some puts sometimes to hedge a little bit, otherwise I could tell you guys just trim. Raise some cash. Be defensive while you can. You don’t have to go buy puts. Even if I am, just be a little more defensive.

Q. What do you think about Blackberry after earnings, Cody? Nibble some more now?

Cody: Yeah. Look, Blackberry is another one that I think longer term could really work out here. I don’t know about near term.

The problem that has been with Blackberry, and is again this one, is revenues are still shrinking year over year. It’s at like 20% this quarter year over year. It was up 5 million bucks quarter over quarter, and the last two or three quarters, it’s been up every quarter. And, with Blackberry focusing on software and security for Android devices, and apps, and networks for enterprises their margins should grow really nicely. And, if they can grow that revenue faster than what they are right now that stock could have some upside, but this isn’t good enough. They need to be doing 20, 30% revenue growth year over year starting in the next six months to nine months, or the stock will be back at 10, or even eight.

If, they really do get this stuff going. If, they can catch some traction. If, they can become what I hope a de facto standard in security for enterprises, and Android devices, and stuff you know stock could really do well from here, but there’s lack of evidence that, that is going to be the case at this moment.

So, if you don’t own any Blackberry, maybe nibble a little bit. Give yourself room to buy a little bit more, but I’m not making it a big position, not betting the farm on Research In Motion, which was a much better name than Blackberry since they’re no longer selling Blackberry devices, manufacturing Blackberry devices any way, or focused on Blackberry devices. My own Blackberry was it’s own operating system. Long time Trading with Cody subscribers know we shorted Blackberry at 100 … Research In Motion at the time, because it was clear that Android and iPhone were going to win, and there was not room for Blackberry in the mobile wars.

Q. Your thoughts on Google right now, Cody?

Cody: Yeah, Google, Goog … love Goog. It’s another great … you know it actually is the leader in driverless. Their Waymo division, but I don’t know. I’ve owned Google since its IPO, and I’ve seen cycles six months, a year at a time where it just sort of gets in the cross hairs of the regulators, and falls out of favor a little bit with traders and investors. My spider sensors tell me near term, six months, a year maybe that Google might not be the best performing stock of our portfolio. I’m not going to go sell it. It’s still one of my largest positions. I have trimmed some on occasion recently, but you know I’d rather buy Amazon than Google. And, I’ve been saying that for the last year. Relative, if I had to pick one of those two, I’d probably pick Amazon. But, I own them both.

Oh, Piper, guess what the market’s doing? It was down. The NASDAQ was down 50 last time I looked. What do you think? I haven’t looked.

I’d be betting it’s at this moment down 10, but by the end of the market it’s down 90. Go trade it people. Trade it. Buy, sell, buy, buy!

Nope, the market is still down 40.

Goldman Sachs, they would have made some money if they had known it was flat for the next 10 minutes.

You know, theoretically, if you could time travel just 10 minutes one time into the past, you should be able to find somewhere, some way to bet on leverage everything in some sort of markets. At the casino. At the stock market. At somewhere … the Bitcoin market, and make billions off of a hundred dollars in ten minutes. If, you knew for sure the market would be flat for the next 10 minutes … I don’t know if you could make a hundred into a billion, but you could make it something.

Theoretically, a time traveler would exist in the future with us right now.

You know it’s only a deja vu of a de ja vu. If, it’s a deja vu of a deja vu. Because, the minute you go, “Hey, this is a deja vu.” If, the last time you had the deja vu and you didn’t say, “Hey, this is a deja vu,” then that deja vu is over that second, because it’s no longer happened in the past.

This would not pass at Sirius XM on the Howard Stern Show. Actually, it probably would. That guy will ramble on about some pointless stuff in his life, and I’ll listen to it for no reason. Okay. So, here’s a question.

Q. Cody, just to confirm. We have not accumulated full positions in either Calix or Verizon, correct? If so, are you still planning on adding? Yeah, Verizon, I’ve been meaning to buy a couple three times here, and I think I’ve only bought it once or twice. I’d really like to buy some more Verizon. I’d like to make it a larger position.

Cody: Calix is never going to be a very big position for me, like I’ve talked about it’s very risky, you know binary kind of outcome here and I’m not going to risk a bunch of money on that kind of a set up, but I might throw in a little bit of capital at Calix. I might do one more small tranche if it got down. But, yeah, I do need to buy more Verizon.

Q. Cody, in the past, you have mentioned Mongo DB … mongo database, any update on that?

Cody: It’s at an all time high. Kheang told me that one was a good one. Shout out to Kheang CTO. Bachman–Turner Overdrive, BTO. King, CTO. One song by BTO, Piper, what do you got for me?

Piper: Who?

Cody: Bachman-Turner Overdrive, didn’t they sing one of those … oh, you’ll know it. Alexa, play Bachman-Turner Overdrive from Spotify.

Alexa: Playing Bachman Turner Overdrive from Spotify.

Cody: If you ask Alexa to play a band without saying Spotify, it’ll just randomly shuffle it, if you ask them to play it on Spotify, it starts with … almost always … they’re most popular song on Spotify and then three or four of the most popular songs. And then, Spotify gets in this wacky, I don’t know, they get on some random album that you don’t even want to listen to. And, it’ll just keep playing songs from that. So, you know this crap.

Piper: Yeah, I know this song.

Cody: It’ll be my theme song today, because … it’s a commercial theme song. You know what drives me crazy is when … like you’ll see the song- but now it’s  commercial for…

Piper: buying a car.

Cody: Yeah. It’s been on so many car commercials. And then when I hear “Back in Black” by ACDC, I think of Wal-Mart. Then “Back in Black” was on another mainstream corporation commercial. I don’t have a good update for you on Mongo DB. I need to take a fresh look at it, but it’s run so much and you know I’m not in the mood to be chasing a bunch of tech stocks, and adding them to the portfolio, but I’m always willing to buy a revolutionary company that I think is in secular growth mode, so I got to check out Mongo DB.

Q. Comment on Calix Inc. C-A-L-I-X.

Cody: Yes, you just wanted a general comment, or did you have a specific question?

Q. Well, it’s trading at $6.68. I didn’t know if it was a time to look at that more serious to buy?

I see it trading at $6.70 right now, and you know to go back … and this will underscore what we were saying earlier about wanting to have a long term vision and not worrying about a quick trade or trying to time … especially a small cap like that. Calix is a recent buy of ours, and you know it’s maybe up 10% from where we bought it, but I don’t really care about that 10%.

I was actually talking with a Trading with Cody subscriber, who joined as a life-time subscriber, so I spent 30 minutes on the phone with him yesterday talking about his portfolio, and life, and what not. It turns out he was AT&T network guy. For many years, he’s been at AT&T, and he talked about Calix, and he said, “You know, Cody, I know that you’ve written, and we’ve seen that Calix is in trials with Verizon, which spends tens of billions of dollars a year on equipment and software services,” and he says, “But, being in trial doesn’t mean they’re going to deploy this on any scale.” I said, “I know that, and you should know that too. I’ve written that. Look, the reason the stocks at six bucks, the reasons it’s a small cap, is because it hasn’t succeeded yet.

You should almost picture this one as another venture capital kind of investment, because it really is probably going to be a binary outcome.” If, Version deploys it … the Calix technology throughout their network. It’s passive optical networking that Verizon is trialing right now in the trunk, and some metro service areas, and if they start deploying Calix at scale throughout their Unites States network it will probably be worth a billion or two worth of revenue. But, if Verizon does it, so would AT&T probably, or someone else in Europe, or some of the other … you know those carriers are a lot of group things, and if Verizon’s doing it and getting a great return by deploying Calix technology and software, then probably a lot of others would too. And the stock would go up a bunch if that happens, but if Verizon doesn’t really deploy it, or if Verizon deploys it but squeezes the heck out of Calix, and doesn’t let them make any money on anything there’s a risk that the stock doesn’t go anywhere, or it goes down … straight down from here.

Frankly, this company has put all of their marbles on … all of their chips on this passive optical network platform that their deploying and trying with Verizon, and others. If it works, great, and if it doesn’t the company will be in trouble.

Appreciate the update. Thank you.

Thank you for the question. In any other questions from people on the call, and/or on the app, please.

Q. Cody, I think I’m right in understanding that you’ve got just one tranche of WDCs so far?

Cody: Correct, sort of like Verizon. It’s another one I should buy more. I mean, Verizon got down again recently like 46. Just like a deer in the headlights, I should buy it, and then I didn’t. WDC, look Micron talked a little bit negative about … Micron reported earnings. They said dRam wasn’t pricing as well as they’d like, so Western Digital took a pretty big 10% hit that day, but it’s still up like 10% from where we bought it, and I’m not in a rush to add another tranche, but yeah I might buy a smaller tranche in WDC rather soon.

Alright folks. That’s a wrap. Peace, love, and happiness. Be careful out there. Crazy volatility. Peace, love, happiness. Bye.