Episode 1051: I Got Brutally Squeezed. Lost Millions on Kodiak Stock. Hunting Alpha In NVDA

SPEAKER_1 (0:00)

Check, check, check, welcome. Rough last few days, but we will persevere.

SPEAKER_2 (0:05)

We will come back.

Martin Shkreli (0:06)

Comebacks already starting.

SPEAKER_2 (0:07)

We traded Unicure this morning for a nice profit. We bought it, 17?

Martin Shkreli (0:11)

Is it 22? We sold, of course we sold it 20, but that's part of trading too.

You know, it's every little, every penny. Still watching Kodiak, think they will drop, but clearly Wall Street's thinking about this very differently from the way I've been thinking about it, so. I'd be curious if Cura just keeps going. Like, the reason I bought it is it did not, this news does not affect, should not affect the regulatory review. And the stock was at 40, waiting for the regulatory review. Anytime, as you guys have, anybody who's been watching knows, when you're waiting for a regulatory review, you know, it's a very sensitive time for a drug company.

SPEAKER_4 (0:47)

Anything that happens can change everything.

Martin Shkreli (0:50)

So, I understand investors are nervous, but I bet you this thing keeps rallying.

SPEAKER_2 (0:54)

Maybe I'll buy it on a pullback or something.

SPEAKER_1 (0:56)

I don't know.

SPEAKER_2 (0:56)

Maybe we should just belong to, you know, jump back in or something.

Martin Shkreli (1:00)

But anyway, you know, that's where we're at.

SPEAKER_5 (1:04)

A big loss, but we will come back.

SPEAKER_1 (1:07)

We will persevere.

Martin Shkreli (1:08)

Not the first time.

SPEAKER_2 (1:09)

It's not the last time. Yeah, Keith, that means that we could do anything.

SPEAKER_1 (1:13)

I don't let Keith drive the bus for a little while, too, man.

SPEAKER_2 (1:16)

Let him drive the bus.

Martin Shkreli (1:17)

Let him try to drive the whole bus. You know, Keith's pretty good, man.

SPEAKER_2 (1:21)

Let him drive the bus a little bit.

SPEAKER_6 (1:23)

It is?

Martin Shkreli (1:24)

I'm so proud of myself now.

SPEAKER_6 (1:25)

Let's see what's going on out there.

Martin Shkreli (1:26)

Hey, I have a news program now that's trading the market.

SPEAKER_7 (1:31)

So it's going to be interesting.

SPEAKER_1 (1:33)

People will oversell us.

Martin Shkreli (1:34)

Are you sure you don't want to buy more manga?

Keith (1:35)

Yeah, that's basically no position at all.

SPEAKER_1 (1:38)

Yeah.

Keith (1:38)

I mean, that's zero.

Martin Shkreli (1:39)

Yeah, I mean, you can wait, but like, we're either... What's that?

SPEAKER_5 (1:43)

I'm trying to watch, you know.

Keith (1:45)

That's a good sign.

SPEAKER_2 (1:46)

But we can keep going on.

Keith (1:47)

MongoDB, ladies and gentlemen.

Martin Shkreli (1:48)

EO just takes a jab and then quits.

SPEAKER_4 (1:51)

Peace.

SPEAKER_1 (1:51)

It's a theater at one price.

Keith (1:53)

Keep breathing.

SPEAKER_4 (1:54)

And if you like it, you think it's going to go up 10%, it's going to go to 360 Okay, pay 340

Keith (1:58)

That doesn't work.

SPEAKER_2 (1:59)

Pay 341

SPEAKER_1 (2:00)

No, 4252

SPEAKER_2 (2:03)

Probably.

Martin Shkreli (2:04)

You don't have the wrong order type.

SPEAKER_6 (2:05)

I'll cancel it for you. Free market, bud.

SPEAKER_4 (2:06)

That's not that hate key, bro.

Martin Shkreli (2:07)

Market doesn't open till 911, because he's a crypto guy, so he's like, he doesn't get the point.

Keith (2:11)

He doesn't understand what market open means.

SPEAKER_7 (2:13)

That's not a thing to him.

Martin Shkreli (2:17)

Okay, let's not go too crazy here.

SPEAKER_6 (2:19)

I, yeah, hold on one second.

Martin Shkreli (2:22)

You do need to put in the after market and pre market. You have to check pre market with you. Yeah, you have to check pre market or post market. Yeah, Keith checked regular trading hours, which, and he still hasn't bought any.

SPEAKER_2 (2:35)

Yeah, and then check what you're doing wrong here.

SPEAKER_4 (2:39)

Okay, so first of all, you're bidding below the best bid.

Martin Shkreli (2:42)

The best bid right now is 339 The offer is 339.55.

So if you bid 339.25, you'll get it.

SPEAKER_1 (2:47)

We're still short a little Kodiak, yeah.

SPEAKER_5 (2:49)

That was a rough, rough, rough, rough, rough, rough.

Martin Shkreli (2:52)

I saw Summit. Is the mic, is the mic not working?

Keith (2:54)

Does that sound good?

Martin Shkreli (2:55)

I think that sounds a lot better. I think it should.

SPEAKER_5 (2:58)

Yeah, all right, great.

Keith (2:59)

Thank you guys.

SPEAKER_5 (3:00)

Yeah, listen, losses happen in trading.

Martin Shkreli (3:02)

That's, that's, you know, we, so what's interesting about Kodiak is we covered everything.

But we got back in the short because, look, I mean, I really don't think the data was that good. I think it was bad data.

SPEAKER_1 (3:13)

I think it's going to go down.