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Spotting Red Flags in Press Releases - YouTube
Channel: StocksToTrade
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so there's a million different pieces of
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information out there that you're
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getting hit at every day
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whether you're using stocks to trade as
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your screener or you're using some other
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source of news
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so much out there but so much is not
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actionable
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and actually can get you in trouble so
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today i'm going to show you how to cut
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through the bs
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on a press release
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hey everyone lead training with stacks
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of trade tim bowen here be sure to like
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subscribe and share with your friends
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and then also wherever you're watching
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this maybe it's facebook maybe it's
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instagram maybe it's use
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youtube ring the bell on youtube turn
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your notifications on
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on other social media networks because i
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go live
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we post podcasts how to's there's a ton
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of information out there
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i want you to know it as soon as we drop
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a new video
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turn on those notifications and share
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with your friends and then also
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if you like these videos if you really
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want to get in depth i go
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really fast on these youtube videos we
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all know everyone has
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attention span issues especially on
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youtube me included
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but if you want to slow things down a
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little bit and really get into the
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nitty-gritty
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of trading press releases sec filings
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everything i'm gonna talk about today
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check out the steady trade team i slow
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it down 45 minute webinars versus
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four-minute youtube videos you can
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really get that information
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and ask questions you know again this
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video obviously you can't ask questions
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to a pre-recorded video
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all of the steady trade sessions are
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live all right so let's talk about how
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to cut through
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the bs on a press release and how to
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ultimately stay out of trouble okay i
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think that one of the biggest things
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newer traders run into and you know we
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talk about this with robin hooders we
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joke about it a lot and
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listen if you're on robin hood i got no
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beef with that especially if you're a
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new trader
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as long as you have a plan okay as long
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as you have a process
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but we know a lot of these newer traders
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they just see any sort of news they see
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a headline
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i mean you can blame the culture we're
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in i know we're in a headline
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culture blame social media a lot of
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people will
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retweet or post an article simply based
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on
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the headline because the headline
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confirms their bias
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meanwhile they don't read the 5 000 page
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article we'll save that for another day
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i won't get ranty
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but the simple fact is we know a lot of
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people just read a headline
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they get excited they hit the buy button
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and i don't want that to be you
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i don't want you to get bagged okay and
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a great example i'm going to talk about
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today and if you were on the pre-market
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prep
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which i'll link below um i talked about
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this
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real time i joked um actually uh this
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dates me
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but this be this this buzzwordy press
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release as soon as i read it
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i'm like this sounds like mary poppins
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where she sings
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supercal fragilistic expialidocious i'm
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like this
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press release is a joke now that being
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said
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it came out in the morning on the 13th
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uh and you can see the stock ran nuts in
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pre-market
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and hey listen if you were there fast
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that's
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one thing but most of you aren't up at
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four or five in the morning and
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i don't want you trading at four or five
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in the morning anyway the people that
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really i want to help and and it's
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probably you i mean you only have so
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much time
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because a lot of people got bagged on
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this press release buying
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you know during that pre-market prep i'm
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live at 8 30 eastern
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and the stock was in the 850s 860s
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ton of people piled in and then look at
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this waterfall
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after the open and then all day fade and
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then ends up
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gapping down the next day so what i want
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to point out
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is exactly that press release and then
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i've also got a tip
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on some sec filings that git will get
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you
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ahead of the minions because hey if you
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saw this pr coming the day before
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that's when you got to be looking to
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attack this stock not
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after the fact with these buzzwords so
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let's jump over to wimi's pr
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and read it together so wimi obtains a
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patent
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you ready new 3d holographic pulse laser
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processing device
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to further advance the application of
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holographic technology in ev
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autonomous driving and other areas
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i mean all they're missing is bitcoin
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and weed and this would probably be the
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greatest bs press release headline
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in the history of the world okay so now
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it's a patent yes it might go somewhere
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but ultimately i mean come on
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how big of a market is 3d holographic
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pulse laser processing
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and then especially in the application
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of holographic technology and ev
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autonomous driving
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and you know it's a penny stock with a
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history of failing
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so when you get these so buzzwordy
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stocks
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the next thing i want you to do is bring
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up
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that you know multi-year multi-month
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chart and look at wimi i mean yes it ran
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back in the summer but then just got
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destroyed and look at when it ran
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the last time all of october
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ran up destroyed ran up destroyed
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ran up and so do you want to be buying
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this stock
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that you gotta be dubious about on that
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press release okay
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and i mean it's one thing if they
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announce like real news with
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with with substance like earnings i mean
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one of the reasons we love earnings
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winners
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is if you you know earnings are audited
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okay this is
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sec file and i mean if you misstate your
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earnings
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you're going to jail now you can be
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colorful and flowery on a press release
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and nobody nobody gets in any trouble
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so we're looking for real information
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and
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you know concrete numbers another thing
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i want you to look for in press releases
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and
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penny stocks are notorious for this
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they'll say unnamed partner huge red
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flag
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so you'll see we had another stock um
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it's escaping me but
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you know they announced a a uh a
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partnership with a
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large company you know but they don't
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name the partner
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lead market leader etc i mean that's
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because if
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if listen if it's apple okay they'd say
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it was apple
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if it was amazon they'd say it was
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amazon so unnamed partners
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like large contracts they'll say large
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contract you know
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record contract but they'll they won't
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have numbers or my favorite
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is the up two you know you'll see penny
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stocks over and over again
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particularly penny stocks that fail
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they'll say you know awarded a contract
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for
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up to 20 million well what's that mean
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does that mean
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five bucks 50 bucks you know what is
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up two i mean sure if everything goes
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great which we know all penny stocks are
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incompetent and fail
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that never goes rig great so those are
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the biggest
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red flags you want to look for flowery
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buzz wordy language like wimi and then
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those
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vague terms unnamed partners
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you know unnamed time frames multi-year
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you know up to
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all these things that are the big red
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flags that you got to be
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so so cautious for and listen
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i just don't want you to get in to
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something like wimi and then look at
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this multi-day fade
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and at the point actually it's i'll be
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curious drop me a comment below
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what's w-i-m-i at the day you're
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watching this video
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to me it's probably gonna be at four or
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five bucks all the way back
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and everyone that believed that press
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release
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is hating life right now i don't want
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you hating life okay
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next thing i want to talk about is sec
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filings and how
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you can focus on these four keywords
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that might allow you to spot that wi mi
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press release
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in advance so um every every company has
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to announce
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an 8k you know they have to file with
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the sec file
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or with the sec when they have upcoming
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news when they have upcoming earnings
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when they have insider buys or sells
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there's a lot of intricacies in sec
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filings
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but what's great about stocks of trade
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is every single sec filing
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drops in and you can see with ttcm here
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the interesting thing this filing got
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posted on august 25th
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2020 and they talk about you know this
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great
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you know arc net mobile platform which
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is buzz worthy we like
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and then they let you know that there's
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an upcoming press release
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to follow doesn't mean you buy the stock
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but if you're looking at your filings
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and you're scanning on these low price
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stocks
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it tells you that you need to be ready
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so let's look at ttcm
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what happened a few few days later after
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that filing hit
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or after the filing was announced so it
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gets post
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on august 25th okay next day
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stock gaps up pr drops and it runs from
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you know this is an otc stock so a
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thousandth
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or nine one thousandth of a penny all
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the way up to
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you know seventeen one hundredths of a
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penny basically a hundred percent run
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now they don't all do that but what
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would what's awesome about this
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you can see it coming and if you're
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looking at that intraday chart
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you see that volume come in you see that
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breakout happen
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and you can attack those high day breaks
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attack those dip and rips
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and all those patterns i look about or i
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talk about in all of these videos
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so keep in mind what's great about
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stocks to trade is we have this sec
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filing
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tab which allows you to scroll all the
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way back
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i mean i can look at every filing on it
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on ttcm all the way back
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to those filings from october and the or
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i'm sorry august that we were talking
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about
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and i can be ahead of the game and you
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know listen stocks to trade is a paid
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subscription
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i think the sec filings that are built
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into it is one of the most powerful
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functions out there
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know them understand them and you can
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set alerts so you can be notified
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when so if ttcm is on your radar you can
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actually create an alert and when those
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filings hit you get that notification
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on your platform and every little bit of
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information that puts you ahead
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of the other guys that are using free
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tools whether that be the robinhood app
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or yahoo finance
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or google finance i mean listen if you
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can beat them
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by a minute or hours or days
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because you're ready that's one of the
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best edges you can get out there i mean
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that's
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everyone talks about hft high frequency
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tradings i mean i mean
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one of the reasons high frequency
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trading hedge funds are ridiculously
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profitable
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is there half a second well more like a
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thousandth of a second
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ahead of all of us and there's money to
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be made if you can gain
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that edge check out the trial of stocks
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of trade fully functional you get access
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to all of the sec filing
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screeners you get access to videos in
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the stocks of trade university
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where i show you how to use these tools
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hit the link below
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and as always if you're looking to take
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that next step in your trading check out
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the steady trade team
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we'd love to work with you small group
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every day
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live twice a day we'll see in the steady
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trade team
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