Seth Golden: Short Vol, Long Retail, All Profits
welcome to looking at the markets with David Moadel I've got a repeat guest
here a very popular one people keep requesting him he is Mr. Seth Golden so
let's get right into it because we're gonna talk about volatility which is
Seth's favorite trade we're also going to talk about retail and what's going on
for the rest of 2018 and into 2019 Seth gold welcome back to looking at the
markets thank you very much David thank you for having me back I'm excited for
this discussion and you know it's been a little while so you know let's let's get
this thing going absolutely and I want people by the way to visit a number of
things involved with Seth golden a phenom group.com there's gonna be a link
in the description below this video you could just click on that I made it easy
for you or you could just go and your web browser to phenom group.com also
visit Seth golden on Twitter at Seth ciel also on stock twits comm at Seth
markets Seth Marcus so yeah your rewrites been a little while and there
was some crazy volatility well it in February all of 2017 low volatility were
talking VIX around single digits the nine level sometimes getting into the
eights then we had the vol pocalypse in February in March so what have you been
up to since then with phenom group.com yeah so it's it February was was really
just an interesting you know period like you said but you know we saw the VIX go
from I don't know 15 to 50 you know in a couple of days I have one day one day
move was over just over a hundred percent so you know that that brought
about just a lot of panic in the volatility complex I mean you know
there's tons and tons of traders that trade volatility lots of
funds that trade volatility they have these core strategies that they use to
trade volatility and a lot of people during that time period got good you
know harmed some of them irreparably a couple funds
in Chicago I'm had to close up shop but you know prior to this prior to even
coming into 2018 so it was November 2017 I had wrote an article and David you
probably remember this in November I had wrote an article because I had seen the
influx of people coming in to trade volatility especially shorting
volatility it became so popular I just thought that you know these newer
entrance to the trade needed more information and somewhat of a warning
especially with regards to how they were trading volatility what instruments they
were using whether they were doing options or common shares things of that
nature so I had did this really long you could say it's a report warning them on
specific instruments mm-hmm mostly xiv and sv XY to that I just didn't touch
because of you know what I outlined in this report and in no way shape or form
was I you know you know validated by what did happen you know I said
specifically kind of stay away from these two instruments and those two
instruments were the ones that saw the most severe reaction to the February
spike but since then you know any we went into that spike underweight you
know we had limited exposure we were actually you know some of the few people
that were you know I don't want to say glad that what happened you know with
volatility happened but gave us the opportunity that we were looking for you
know we are looking for a volatility spike whereby we can add exposure and so
of course you had all everybody you know on TV CNBC Bloomberg you name it TD
market watch live you know blaming the short ball traders
for what happened back in February through March you know the market
correcting I think at its its trough level was like 13% down or some give or
take but you know that's that's just not how the market works no one specific
trade can you know cause a market correction it can compound it and I
would I would you know AK we asked to that perspective that some of the short
ball trading positions I mean you know we were at record levels in the
shortfall trade did compound the issue but it wasn't the cause the cause was
interest rates moving around and people not quite sure how to value rising
interest rates against equities but to make you know kind of to bring it all
home I would say you know from that period till now we've done very well you
know we stuck with our core strategy which is the short volatility if you had
shorted volatility in February than March or April and held on to it to you
know this day we've done extremely well you know some of the instruments had
another reverse split you vxy reverse split again you know back in February oh
this will never reverse split again T VIX excuse me this will never reverse
split again the shortfall trade is dead you know what happens you know we're in
a bull market we're an expanding economy we have rising earnings you know some
20% EPS growth you know the markets going to trend you know according to to
how earnings are hard to being delivered so we've done very well in that phenom
group you know we just continue to service our subscribers every week we
have a research report it's the weekly research report and it's
all macro in nature it's all talking about the you know macro economics as
well as earnings rarely do we get into individual corporate you know reports or
things like that when more because we are a volatility centric you know site
we focus on the Mack I feel if you if you understand them the
macroeconomics the earnings picture and the market sentiment as we go through
these time periods and do very well with volatility trading so that's what we do
every week we we started back in February we also started our private
Twitter feed so that we can deliver scalp and swinging trade opportunities
for our subscribers because while we're holding holding on to a core short
volatility position there's numerous occasions where on the daily basis on a
weekly basis you can scalp you know the volatility exchange-traded products you
know for a 1% 2% 3% move on any given day so we started that as an additional
service and we've done phenomenal with it I mean our our private Twitter feed I
guess you could say success rate when it comes to our alerts is in the 90
percentile the we've had a maybe two or three losing trades this year one of
them was very disadvantageous because the company that we were sure it got
bought out and there's nothing you can do in a case like that but you know
these are small positions so it's nothing of great consequence but in
general we're you know 90 percent in the 90 percentile success rate with every
single you know scalp or swing trade opportunity that we deliver and of
course we also have long term investment thesis that we've done very well with
this year our best one I think to date was Anadarko Petroleum we get thirty
five percent return on we've swung we've done swing trades on that as well so I
mean if you add all of the swing trades for that one or in the forty percentile
profit right now we like the financial so we're holding on to that one even
though it hasn't done very well but you get a lot at phenom group comm you got a
lot of social applications where you can share you have a chat room we have
videos blogs all kinds of stuff it's it's really a very interactive site so
that's what I've been up to that's a lot and it's fan
you've been doing great so I wanted to get your broad view of the economy where
do you see it going for the remainder of 2018
you know most of the economic data is pointing you know in a positive it's
trending positively whether you look at just today's retail sales numbers you
look at you know small business sentiment you look at CPI PPI PCE
personal consumption and expenditures your broadest base GDP numbers most
everything is trending positively so in terms of just the economy I don't see
that stalling out here in 2018 I think we're gonna finish up the q4 period very
strongly especially once we get into the you know the peak of holiday holiday
retail sales shopping season I think you're gonna have a lot of upward
surprises so I think 2018 we're looking very good on an economic basis the
market is a beast of its own but if the earnings continue to come in as they
have during the first two quarters of the year it should follow along with the
economy or vice versa you know the market follows the economy the economy
follows the markets they're enough all right so let's go ahead and backtrack to
that interesting period in February how did you manage volatility then and
since then so we were underweight you know I usually tried to keep about it on
average a 20% short volatility exposure in my portfolio through the year but
coming out of 2017 you know where you had to VIX the median on the VIX was
11:11 I mean it's it's it's just gonna be really hard to measure up to that in
the following year especially as rates are rising so you know my theory then
was I'd like to cut exposure and cut leverage
in the past I had preferred gvxy in fact from 2012 to 2017 that was my primary
you know volatility exchange-traded instrument you vxy feeling that
volatility was going to have somewhat of a reflexive comeback in 2018 i
transposed my instruments of choice to VXX
which is only a 1x instrument as opposed to UV XY which back then was a 2x or 2
times instrument it's since been cut back to 1.5 leverage but so those were
two of the ways that I managed my volatility exposure and stayed in the
game if you will I had only about 12 to 13 percent
exposure going into that February spike excuse me and I was only on a 1x
instrument as opposed to a 2x instrument and since then we I have built my core
up to twenty one person 21 and a half percent at my peak probably by April was
that 21 and a half percent and then around I want to say July I started to
pair that back just because you know the profits were so substantial and uh you
know here we are you know basically let's say February to July that's a long
period of complacency you know I would think so we were right for another
little bit of a bout of volatility coming around the corner but in
September on September 12th actually had tweeted out I had we alert our phenom
group subscribers as to our plan how we're managing our exposure our
volatility positions on pretty much a week-to-week basis you know we're at 21%
we're at 19% or at 18% so on and so forth
so on September 12 you know after you know because our subscribers get you
know first dibs of course but on September
well to the public you know I let people know that I was down to 10% percent
Vic's ETP exposure and sure here we are now in October with a nice volatility
spike whereby I can recapture a lot of those positions some 20 25 percent
higher than where I covered them you know that's that's pretty much how we do
it we're very we look at the macro environment we look at the sentiment of
the market we look at trends you know how long has the market been complacent
to draw out a hypothesis and action plan what we should do with our positions and
we've managed very well to stay out of you know trouble if you will such as the
volatility spike in in February yep done a fantastic job with that so I want to
get into your I want to pick your brain a little bit get into your head what are
you looking at in order to guide your volatility market exposure what are some
of the metrics for you so many but you know probably not to get too technical I
guess and then I will get a little technical just from an educational
standpoint because I think it's valuable for for the audience you can look at the
volatility of volatility index which tends to lead the VIX itself so if you
see the V vixx volatility of volatility index if you see that starting to edge
of 95 100 means that there's a lot of call options being bought for volatility
yeah tell usually a lot of people hedging you
can look at skew skew in the 140s tipping 150s that's high means that
there's just a lot of general hedging going on on the on the call side and the
put side in the SPX options market so those are two really big ones that you
want to kind of always keep those tabs open or check in on them at least once a
day the skew itself excuse me the skew itself doesn't I think update on CBOE
until the end of the day so you can check it at the end of the day unless
you have some kind of live feed another one is volatility dispersion
this one's a little bit more technical volatility dispersion maguet stew low
which is exactly what happened in February it got to around 0.8 you want
to see volatility dispersion in the ones and though I'm sorry one to two range
and this was down to 0.8 back in February and gentleman by the name of AJ
thrash or Thrasher analytics he posts it somewhat regularly the volatility
dispersion graph and he had been posting it in in September again he had been
recognizing that it was basically getting down to the levels that it was
back in in February point eight one at one point in September and that's what's
holding me okay volatility dispersion is way too low
it's basically when markets are just completely uncorrelated or sectors are
completely uncorrelated they create this dispersion metric so the xly the
consumers are discretionary ETF is doing its own thing then you've got the X LF
you know the financial sector spiders ETF it's doing its own thing you've got
the technology sector doing its own thing
none of these you know markets are being correlated which also helps lower
volatility but at some point when they come back together when markets
correlate you get these massive sell offs and volatility dispersion can be
your leading indicator that that is about to happen four out of the last six
times when the volatility dispersion has you know gotten all the way back down to
about point eight we've had a massive sell-off on the nature of a three - what
happened in February which is you know twelve thirteen percent market sell-off
so it's not a hundred percent foolproof but that's why you have all
the other metrics such as volatility of volatility index such as skew you know
and a host about you can look at breadth you can look at market breadth I tend
not to even though a lot of people do the advanced decline line because if
you're looking at the advanced decline line there's so many things that exist
today that didn't exist you know 1020 years ago the ETF's for example your
bond funds what does the bond front where do bond funds have to do with the
stock market a lot of those are in the NYSC
so when you're looking at it you've gotta extrapolate those to really have
any meaning of what the advanced decline line is so I tend not to look at it as
much as a lot of other people do and of course a lot of people will say well it
was an indicator this time you want it to be an indicator okay you know it's
it's only an indicator to the extent you want it to be it just it just doesn't
measure up like it used to god I'm learning so much volatility
dispersion that's that's a new one for me the dispersion okay so when you've
got different sectors of the economy and the markets manifesting different levels
of volatility that's the dispersion okay okay that's interesting really nothing's
really correlate the Russell's not correlating to the SP want to the a to
the SP X or the Nasdaq yeah you know index can be doing it their own separate
things we saw the Nasdaq break down first well it's all the Russell break
down first then we saw the Nasdaq break down but SP X and Dow Dow was still
getting to its all-time highs when the Nasdaq was breaking down so that's those
are examples of volatility dispersion of how their markets are just not
correlating yeah and when that metric hits when it gets down to the 1 or below
one region it's probably trouble ahead got it okay but that's one of many
measures that you use exactly and think about if you think about what it takes
to get there you need these prolonged periods where the market is is rising
you know it's not just gonna get to a sub 1 you know reading overnight
yeah it's time to get there well it coincides with a an extended period of
complacency in the market yeah understood wanted to talk about
consumers something that you're always watching you're watching consumer
sentiment consumer habits yes yeah that's what you do so how would you
describe the consumer at present right now and do you have a forecast as far as
consumer spending goes forecast for consumers but not not so much I mean you
know I think consumer spending it always stays in this range of 0.2 percent 0.6
percent you know the comedian in the 0.4 percent range so I don't think it'll
vary too much but I do think come November it's gonna start to shoot up
again so far as consumer spending has been it's been great it's been you know
boost really just following the the cash flow that the average household has so
the debt debt to income ratio of the average household nowadays is back to
levels we haven't seen since 2002 so for all of the you know rising interest rate
concerns or higher prices at the pump and higher crude oil the consumers
actually is in better shape than they've been in the last ten
well since 2002 so that's 16 years so I think consumer spending is going to like
everything else I think finished the year very strongly consumer sentiment
has been at all-time highs well not all-time highs but at decade
high levels for the last two months so there's not a lot of issues with the
consumer despite what some may herald in today's retail sales report but you got
to take that into context and maybe we'll get into that a little later I can
kind of weed through what was in that report too
get the audience to understand it was not as weak as what was delivered
because it well we'll get into that later
yeah better yet go to phenom group comm that get full you know there's only
actually only so much we can say in a video here if you want the full reports
you got to go to the website and check out the chat boards as well over on
phenom group comm would that be correct yeah I'd actually am I in the weekly
research report I had warned our subscribers that this particular retail
sales report may disappoint for two reasons and they were bookended and both
of them came to fruition so it's the details that we that we deliver at
Phenom group.com that really you know stand out I think yeah fantastic
so let's get to individual picks I know that my viewers love the picks the stock
picks do you have any retail picks for this holiday period any ideas you want
to share with us today yeah let's see we we like Walmart we think Walmart had a
fantastic quarter their last report the stock shot from $90 to 101 dollars it's
since pulled back a whole bunch and I'm inside 93 dollars it's been in a range
of 93 to 97 for like the last month or so but we like it we think that their
online sales channel their gross margins their same store sales are going to
continue to perform very well through the back half and the end of the year I
know that there's some issues around tariff concerns and things of that
nature but those tariffs aren't set too well they're not set to hike prices
until next year so while some people are kind of slamming on the brakes today
they may be doing that too soon yeah so we like Walmart we've like TJ Maxx for a
long time that's another one that's performed extremely well it's valuation
is stretched can't deny but over time TJ Maxx has always done you're done
you're right if you believe this economy going through the holiday
shopping period how can you not like t.j.maxx it's got a really good business
model and the fact that it's not a traditional department store it's a
treasure hunt store yeah that's one of the categories if you will of retail
that has continued to do well so we like t.j.maxx
I like Target you know I like Target I've liked Target since last year I
bought it at $53 I've been holding on to it in the golden capital for portfolio
ever since I'm a little disappointed in you know that it hasn't really taken off
and held the $90 level I think again that's just a lot of rotation out of the
retail sector the dollars have coming out of the retail sector over the last
30 days in a big way I think we've seen almost all of the department stores
hypermarket stores apparel stores pull back pretty significantly so yeah I mean
those are three that I liked Target Walmart TJ Maxx got it okay how do you
think I want to talk about inflation the i-word inflation how do you think this
plays into the fourth quarter and into 2019 so broadly speaking and you
probably know this about me David I don't believe in inflation if you look
at the definite you almost have to eventually hit the pre expansionary high
levels we're not gonna do that we haven't done that since the 80s in fact
we have not done that we haven't done that on ten-year we haven't done that on
fed funds so where's inflation what we tend to get
is reflation so we can reflate from lower levels and we seem to always find
lower levels but we keep on hammering home the idea or the the terminology
inflation so from a you know theoretical standpoint I don't believe in inflation
I believe in reflation um I don't know that it's going to be that impactful
though again you know it comes it comes down to will it impact sir I'm sorry I
should caveat that well it will inflation impact certain industries yes
the auto industry heavily you know it's very sensitive to interest rates because
your average monthly payment will go up and that may curtail your choice as a
consumer instead of going into a I don't know a midsize SUV you might have to
settle for a compact SUV so it only impacts certain industries of course
housing we see a slowdown in housing but it should caveat that also we always if
you look at you know new home sales through the course of this expansion
cycle it's always higher and higher but it always has these pull backs and then
you know restarts if you will but same thing with with housing I think you do
we are this late in the cycle going to see that slowed down
more sustained no I don't think housing is going into a recession whatsoever the
demand is there it's the inventory the inventory is a huge problem which is
also serving to boost the median average home price in America making it that
much more that much less affordable and then you throw you know higher monthly
mortgage into the equation you've got a double-edged sword there that doesn't
work in favor of the housing industry and we've seen that in the H the xhb ETF
for for housing it's you know all it seems to do is go down so but at the
same time those two industries shouldn't be able to offset what's going on with
the consumer and what's going on in in the retail and service sector which is
continues to be very very strong so from that standpoint I don't see inflation
being a big impact this year it may prove to be more of a headwind next year
when we kick off that much more fed interest or Fed rate hikes when you go
from zero to two and a half percent in the course of what two two and a half
years it's a condensed period of time but
can handle that you go from two and a half percent to say three point two five
percent which would equate to about a six percent thirty year mortgage that's
that can be stifling that can be stifling for for both credit cards and
the housing industry so we'll have to see how that works out next year and in
2019 but for 2018 the we may get one rate hike
I would keep my eye on the CME Fed watch tool every day that's another one to
check out see me the CME Fed Wachtell has a hundred percent success rate of
forecasting the probability of a rate hike one hundred percent since its p.m.
so if it says that we're gonna get one you know if it's above 50 percent we're
gonna get one yeah right now I think it's at eighty one percent so there's a
very strong chance right now that we are getting a rate hike in December it will
fluctuate you know between now and then it may come down or it may go up to 96
percent like it did for our most recent rate hike but that's one for for you
know the viewers too to keep you know a tab on as well the CME Fed watch tool
gotcha I'm writing that one down that's valuable information right there now if
we were to paint a picture for investors for 2019 what do you think we can expect
to see what's 2019 gonna look like I think 2019 is going to be that much
more of a volatile year for stocks than 2018 which is already proven to be
somewhat of a you know elevated volatility in the market this year so I
think the returns are gonna be well there's two schools of thinking I'm of
the opinion that we won't see double-digit returns on the S&P 500 next
year the other school of thinking is that when you have multiples being
compressed when the sp500 multiple is compressed during an economic expansion
usually it explodes in the fall year it was just kind of resetting the
PE clock and right now we're at about fifteen point seven 12-month
forward-looking average on the S&P 500 which is below the five-year average so
we're either gonna explode to the upside or we're going to you know have less
less returns than we are in this year I still think we're gonna substantially
higher than where we are today but next year I'm not as optimistic as you would
say I still think we have a positive year next year I just don't think it'll
be as strong as 2017 or or this particular year got it okay and I know
that one of your subscribers what I like about Seth golden is he communicates
with his subscribers on phenom group comm he's very active there if you have
questions just ask him you know Iran also yeah as well as on Twitter and
stock twits but if you really want to get the the details in-depth you got to
go to phenom group comm so one of your subscribers on phenom group comm asked
what's your worst trade ever are you willing to reveal that yeah it wasn't it
wasn't even all that bad well I mean I I don't want to you know come off
braggadocious or anything but I've been investing in trading for almost 20 years
now and I generally not taking any real substantial losses during that period
one of my lesser trades was going into 2008 with an Amazon short that I was
heavily under water with but through the grace of a bad economy it came in and I
was able to close out with a profit but more recently I had invested this was an
investment in Whole Foods Market and I'll explain why this was what I learned
what I learned I'll explain what I learned so I had invested in I was down
about 30 percent at one point it came back I was only down about
14% I had been in the stock for over a year like I said it was an investment
and it nothing was changing in the fundamentals of the company the sales
weren't improving the earnings weren't improving the media headlines were
getting worse and worse and management was not believable
at this point so I cut my losses about 14% loss after a year that was my worst
recorded loss ever unfortunately what makes this so pain
what made that one so painful is I think two weeks later is when Amazon acquired
them you know so I and they didn't acquire for a substantial premium but it
would still have made my losses even less significant what I learned though
from that what has helped me since is if management says that they believe their
total addressable market is XYZ make sure you validate it okay because nine
times out of ten management is wrong hmm we've seen this with Fitbit we've seen
this with GoPro we've seen this with so many companies it's usually the consumer
goods the consumer packaged goods companies that Mis represent or
misunderstand I'm not trying to you know misrepresent but they believe what
they're drinking you know they they're drinking their own kool-aid and they
believe it but when it comes to a niche company such as Whole Foods Market and
there was another one that got bought out also the same in Florida we have
them in Florida not Whole Foods Market but what's the other one
David I forget what it's called but there's another chain also just like
Whole Foods Market and what these niche business models you know they what they
don't tell you is that they believe that they
have an opportunity of the total grocery retail sales when they don't look
there's a shopper that can buy a $10 jar of peanut butter you know organic peanut
butter and there's a customer who can't yeah and that's what you have to ask
yourself when you hear management say we can get to 1,200 stores because that's
what Whole Foods told has been telling investors for years we believe we can
get to 1,200 stores maybe it was 800 to this day they still you know even after
saying that for years and years they're not even at 500 they may just be getting
to 500 with a new concept that they started but there was never any chance
of that happening just because the there there are different consumers there are
consumers that combine at $10 jar peanut butter and then there's the consumer
that's at you know Walmart or at Target buying the $3 jar of peanut butter so
you have to ask yourself is my management team telling me a believable
story and Whole Foods wasn't okay just weren't so that was my lesson learned
always validate trust but verify one of them one of our presidents once a year
yeah management can be overconfident or sometimes they fudge the numbers a
little bit it could happen so I've heard all right so look I know
you've been doing some really great work over at phenom group.com
for the audience's sake can you tell us what people can expect from your work
over at phenom group comm and can you tell some of your winners in 2018 so far
as far as stock picks go yeah sure so I deliver a daily market dispatch
every day and it generally is macro in nature as well with some of the
concerning geopolitical issues of the day I tried to do a rundown of a
snapshot of what's going in the market what's going on in the market right now
and what are the probabilities over the next you know couple days week or so so
you get a daily market dispatch and then we we deliver a weekly
research report every Sunday morning the weekly research report is law it can be
seven to eight pages with with various graphics and verbage but we always try
to cover the earnings picture and how it changes every single week whether its
data from FactSet or from Thomson Reuters it's always in our weekly
research reports we always look at the expected move in our research report we
believe that this is a valuable tool investors need to know what the weekly
expected move is for the coming week is it a $38 move on the S&P 500 or is it a
$78 move that can you know give you some kind of indication of what's going to
happen next week and it's somewhat tradable as well as we get you know
through the first three days of the week if you've only seen a two three dollar
move and the weekly expected move is $30 something's got to happen on Thursday
and Friday so we do all we deliver all of the
different you know Sentiment Survey reports and what was the key economic
piece of data that moved the market during the week and then of course a
look at the week ahead here's what we expect updates on our volatility
strategy and things of that nature go into our weekly research report so we
also have video blogs of what we think are pertinent on how to trade the market
what at what's what are these stochastics what's you know what does
this chart represent and how to chart how to trade how to be a better trader
so we have a really rich video library on site for our premium subscribers and
our contributing members and then we also have your your your charts
everything that you can access from trading view on your own it's up there
just click on it you want to do your own chart you can do that all the social
applications we have direct messaging friends groups all of that fun and
interactive stuff on our site you can engage with so
and then our trade alerts we have long-term investments that get delivered
right to our premium subscribers email address and through our private Twitter
feed you can access our daily scalps and swing trades we average maybe well we
were averaging upwards of five a week coming into the I would say August but
because of you know how extended we believed we were getting in the market
we had been cutting that back down to about three a week but three a week you
know if you can average a 1% move on each one there's three percent into the
into the coffers every week so and that all of that is available to our premium
subscribers so there's a there's a wealth of information of data of
research etc some of our best picks this year we've done Twitter on a number of
occasions like I said before we also had a really fantastic pick on Anadarko
Petroleum Facebook Facebook's down to 150 set yeah but we got into it we got
into it when it was at 1 190 in our target what we try to get 10% out of all
of our you know investments we try to get 10% went up to 215 we got out it
subsequently tanked after that but we stuck to our you know we wanted just a
10% move got our 10% move and we got the heck out of Dodge so that was another
really good one what else XR t XR T in the beginning of
the year we did that worked out fantastically got our 10% profit got the
heck out of Dodge on that one too again one that we're in right now is XLF
the financials we're about flat on it right now
Starbucks Starbucks is another one this one went sideways on us really quick we
got into it earlier in the year done the first quarter so subsequently has done
nothing but got down but we dollar cost average so we're actually profitable on
it now it's coming almost all the way back if we were
the bow on it because we dollar-cost average and we get the positive benefit
of the dividend we believe that it's going to have a strong report finally
this quarter I shouldn't even say a strong report the fact is Starbucks
reset expectations and that's when you reset expectations what do you do you
reset them low so that's what they did and we don't think it's gonna be this
you know gangbuster report we just think it's going to show investors hey we're
not falling off a cliff here you know so I think that's gonna be a good one as
well so we're we're in Starbucks still so those are some of our picks
throughout the year and I think and Seth golden keeps coming with those picks
fantastic so what you want to do is you want to go over to phenom group com
click on that link in the description below this video or just type it into
your browser or into your phone and sign up for that premium subscription after
you check all right the one that we did last year I think in one of our videos
last year was Chipotle Mexican Grill we got into October of 2017 and everybody
hated Chipotle back then and it you know then in q1 had delivered a really strong
report and went up a hundred and at its peak like $150 got a 30% profit on that
one so that was another good one fantastic
all right also check out Seth golden on Twitter it is at Seth CL and also
unstuck twits comm if your stock Twitter like I am he is at seth marcus all right
is there anything else you wanted to mention to my audience mr. seth golden
um yes i want to mention that i'm very happy to see mr. David Modell tying the
knot congratulations sir wendy is a beautiful lovely woman I have
the pleasure meeting her and having dinner with you guys versus so that was
great very very excited and happy for you
thank you yeah it's coming up soon late October October 28th is the big day and
you know you think after you've been in after I've been in the markets for so
long nothing scare me but this is different this is
different than stocks and options but you know I'm just gonna have to I'm
gonna have to ride it out and you know I said yeah no it's it's great she's
amazing so thank you Seth golden I appreciate it
we have to do this more often we took a break but we are back in full force with
phenom group calm and looking at the markets so thanks a lot Seth will bring
you back soon all right thank you David have a good one
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