[Music]

[Music]

oh

hey there dave here along with kristin

jordan we are dumb money this is dumb

money live

good monday morning to everybody uh

before we go any further

you know what i have to do right i see a

bunch of you have already done it

and that is tapping the like button for

those of you who haven't i know what

you're thinking

this is ridiculous why does every

youtuber just talk about this

but the thing is think of it less

like and less like something you're

doing for us but think of it as a civil

civic duty to help people find this and

help determine the fate of our democracy

so vote with your thumb

today we're talking about our 1.5

million investment in crocs the

foam shoe company that we all love to

hate the fashion statement

that for some reason celebrities and

influencers and artists and

fashion designers and streetwear brands

and even fast food chains

all want to be a part of a crocs collab

and somehow every collab can

completely sell out and spark even more

interesting crocs

chris jordan my first question for you

have you ever actually worn

croc uh great question dave

i bet jordan has um

i've got floafers that's my uh that's my

bed it's like a local startup

it looks it's kind of like a croc type

material um but they

it looks like a driving shoe it's great

dude they're fine

they're foam

i don't foresee crocs ever making an

appearance in my household

um my my version

of crocs uh are dudes which

i think i got dave hooked on maybe yeah

no i i

definitely have two pairs of dudes

they're they're foam bottom but canvas

sides so

yes you look i don't know a little less

ridiculous maybe

they look awesome dave they're like the

greatest

shoes jordan i got to get you in on them

this is

these are the times when i think we need

to like get sponsors because like we

just talk about this stuff

get into my shoes i've got i've got toms

for when it's dry

and then i've got floafers for when it's

wet or i'm going to the lake or going to

the pool

it's i've already like i'm locked in for

the rest of my life as long as those

people

stay around i never have to think about

it again

jordan if the dudes weigh like a feather

it feels like you're wearing a feather

on your

head like they both weigh nothing

they're great

and do you know what else is amazing and

i've actually been wearing more than my

dudes

literally i don't wear shoes pretty much

i feel like this whole year i haven't

worn shoes but

when i do i've been going for my all

birds which is that

wool kind of shoe that breathes and has

a wool bottom

it's those are awesome too they they

have rubber

super lightweight i don't know i can't

like i can't wear

shoes though like i can't tie like

him

i can't do i don't have time for that in

my life i have uh

all bird slippers oh really right they

do make those

dave i love wool so i love the wool

concept of that i just the ones i've

seen i don't love the style but maybe i

haven't seen the newer versions of them

maybe they've

changed the style a little bit i mean i

feel like when i wear my

slipper versions it is all about not

being a fashion statement but i wear

them on walks around the block and stuff

it's it's great um the tie up ones

are a little bit they're trying to be

better looking i think

they're not i don't wear them because

they look good i wear them because

they're comfortable

and they they feel good and i like the

the way the wool

kind of just it's a sockless shoe that's

perfect for me

mark says only guys buying crocs are

guys getting paid to wear them i guess

but not necessarily true because like

the bieber

thing we'll talk about this like these

people were

big fans of crocs before they started

wearing like they

really did like i mean it's it's

interesting it's like a weird

like you know i think people like screw

you i'm wearing crocs i don't care

and that's that right now is like a cool

thing just not to care i guess

yeah i get the crocs thing as far as

like comfort and not caring

i just think they're clunky and i don't

have enough

like i like things that are form-fitting

on my feet and so something that's

clunky like that i just can't get past

it i guess

there are people that can get past that

because they're blowing up right now

but before croc there was another uh

kind of fashion statement that i'm not

so sure

made the statement that i was wanting uh

and that was

what are they called those uh

birkenstocks oh man

and that's that's you know they're

having a resurgence there's a foam

birkenstock thing going on right now and

so like

i've seen ladies wear like pink foam

birkenstocks

like instead of the leather one with the

cork like they're just all foam

that seems like a crock though right but

i think they're made by brainstorm

um everyone's getting their way i do

want to kind of tease some posts

i want to talk about crocs starting

right now so we hit 200 but

i want to tease something don't like

leave us

because at the end of this episode some

big things have happened

dunkin donuts you've probably seen guys

we're going to talk about duncan as one

of our big trades we're gonna talk about

uh we're gonna touch on the vaccine

stuff a little bit by the way i made

some monster trades

uh friday and this morning fortunately

uh i'll just say i'm very happy even

though my account is down over

half a million dollars today uh even

with the b down over half a million

i am really happy with these trades i

made uh

going into today so we're gonna this is

a pivotal time

there's about to be some huge

opportunities

huge opportunities um everything that i

want to happen is happening right this

second so

if it continues to happen over the next

week i think the opportunities are only

going to get bigger

um and this is kind of connected to the

vaccine trade that we talked about

late last week so stick with us uh post

crocs today um and by the way me and me

and dave at least i don't know and

jordan's not going to make it out

we're going to spend the rest of today

preparing for tomorrow's episode which

is going to be

the biggest live pokemon event

in history we're going to if it's not

raining too hard and it might be

we're gonna try to get aerial footage of

this tomorrow okay guys like

yes we have secure we have security

guards

we have we are taking we are going to

the bank

live to get 375 000 of cash and we'll be

stuffing

it in a suitcase to hand it to people

we've never met before that are arriving

tomorrow morning

they're flying in with this with this

box of pokemon cards

in its lucite case and

we're going to uh open the box

we have experts on hand to authenticate

it for us

so we have the biggest pokemon youtuber

in the world that is joining us tomorrow

live like not on youtube like he's gonna

be here

yeah lionheart lionheart uh anyway so

it's gonna be it's gonna be a really

cool episode tomorrow guys one

you know if the market gets slaughtered

you can just take a break from that and

just hang out with us and talk pokemon

uh you you were just telling me that the

market that did get slaughtered today

uh you went a little deeper and you you

had a short position

on the spy uh that you did last week

and then today you went even shorter

right as the market was starting to go

negative you got more how how far

um are you short on spy right now

between spy

uh booking.com which i re-entered that

short

and dave and busters and

you know my other one uh i am short

about

nine million dollars uh wow

yeah i mean that's the way to do it yeah

yeah

i'm sure no no that i'm not short

anything right now

but understand this i am still way

longer than i am short on in the market

so like

my account is still down half a million

it's all this is is a hedge

to kind of it's kind of like having a

band-aid that's way too small

for your you know your wound it's it's

slowing the bleeding it's slowing it but

it's good because it's going to give me

more power

to do what i really want which is the

trade of the year coming up or top three

trade of the year

which is the vaccine trade that's coming

i don't want to talk about anymore we'll

touch on it later

let's talk crocs man let's talk right

now

and it really starts with with the uh

collab right crocs would have been

i think dead in the water had some other

brands not said hey let's uh put our

name on crocs i and i it started which

one did it start with was it uh

was it the uh what's his name lanciaga

that no that's been going on for a long

time

the the co-lab's been going on for a

long time i mean the balenciaga one was

huge

uh they've had high fashion collabs they

had uh

uh what's his name tattoo face

christopher kane that did the first one

that's that's the thumbnail for this uh

episode that was i think the first time

that a designer said i'm gonna take this

thing that

people are laughing at and make it an

exclusive

i think they sold those for 850 and they

immediately sold out

and that started i think the most genius

marketing plan that any company that had

a product that

you might think of as a joke make it

make it popular make it

scarce make it something that you aspire

to have

because you associated yourself with

other brands yeah i mean dave

you could only really have success with

that

strategy if you have something that's

iconic

right and so the thing about crocs that

no one realized

yes it was the most laughed about shoe

out there

but it was infamous for that

meaning that it was iconic enough that

it was

primed for this kind of you know

unexpected well you hate them you think

they're ugly well guess what they're so

ugly we're gonna make them cool

right and i think you know kudos to the

crocs management team

for seeing that they could turn a

negative into a positive

and going for it because you really

don't know if it's going to work until

you try right

and they kind of they had these what

they had like a gucci co-op

they had a collab with top designers top

celebrities

and now it's just like this train of

celebrity

and collab brands that all want to have

the cro because when you do a crox

collab you get

massive media right so it's not about

how many you sell

everybody wins because both crocs

and the colab partner both get a

massive amount of media exposure for

their collab

right and crox wins every single time

it's just one of these things you can't

buy it there's no amount of money that

you can throw like skechers

couldn't and by the way i think skechers

is doing really well right now

i'm actually their stock's not up this

summer but i think they

they're they're the next one i'm going

to kind of look at but

you can't they can't buy this you can't

throw

half a billion dollars and buy what

crocs is getting

with this true brand spectacle right

that continues itself

every couple months because every couple

months it's a new collab

and i think what's really important is

you have to read into the manage

management comments

so i took a look this week uh went a

deep dive into that last

quarterly earnings transcript which we

recommend

if you ever invest in a stock without

reading at least the most recent

and preferably the three most recent

earnings transcripts

you're flying blind guys you're flying

blind why you find blind

first you need to understand what the

marginal drivers of price are for that

company meaning

what are the things that wall street is

looking for

to basically move that company up or

down in terms of

interest and then what are they missing

right you have to know both of those

things to be a competent social arab

investor

so one thing that was fascinating guys

this with this earnings last earnings

call

is two things actually one

management seemed

almost excessively optimistic

about 2021 and

i was trying to read through the lines i

read through that transcript a couple

times

and i think it's almost it's almost not

normal the way that they spoke about

2021 in terms of confidence

and i think i believe that they have

monster epic collabs

planned for 2021 that

they just haven't talked about yet and

here's why 2020 as we know is a really

weird year

right but they've had a lot of times

celebrities have had a lot of time to

rethink

diversifying their revenue streams and

diversifying their media exposure right

because

normally celebrities get lots of media

exposure just by being in movies and tv

shows and projects and talk shows and

all that stuff but this year

like a lot of them aren't working and

they're all thinking creatively

and they see what's happened with crocs

now bieber got ahead of the list right

and he got his out this year

but i believe the same way that i said

nicola

was was the king of stock collabs and

there were going to be some big ones

coming and the mother of all collabs

came with gm

i think that crux has not just

one or two but has a handful

of triple a list super exciting i don't

know if they're

brand collabs with like monster big

fashion brands and

or super celebrity or maybe athlete

collabs

but i think 2021 just might be the year

that

crocs just goes nuts with branding

okay they're gonna take this spark this

year and they're gonna just light it on

fire okay

that's my gut instinct from kind of

ingesting

the conversational tone of the last

conference call

now on the negative side the one thing

that i think any crocs investor needs to

know and by the way we're not financial

advisors do not do what we do we're just

educating you on how we think how we

strategize what we're doing okay so do

your own research make your own decision

i don't know your risk tolerance i know

mine uh

they were very clear about the fact that

it's not about demand this year it's

about supply

they made a decision crocs management

made a decision

last quarter that they were going to be

ultra conservative until the end of the

year on

inventory meaning they did not want to

risk

not having enough not they'd not want to

risk

having too much inventory during a

pandemic and being stuck and being in a

really bad position which has happened

to crocs in the past and the bad days

right

so that's kind of a bit of a negative

guys because here they are blowing up

and they don't have the inventory they

need to take advantage of it so i'm

actually not expecting a gigantic

earnings announcement tomorrow i'm not

expecting like this crazy

big number tomorrow because they really

are capped and they even spoke about how

they're having divide their inventory

between wholesalers not to upset them

because they want to get their inventory

e-commerce where they make a ton of

money a ton of margin right

so they did say that they're gonna try

they could try to maybe get a little

more inventory towards the end of the

year and that could help next quarter

but i think this quarter is kind of

capped and i hope that with this big

position in crocs

that other investors know that and

they're not expecting something too big

because that could be a net negative on

earnings tomorrow but i don't care

guys because i really actually i really

believe in crocs

like for the next year i think the

market doesn't really understand what

this company can do

in terms of lighting the world on fire

and crox is one of those companies that

you've been kind of

in and out of over time so historically

you know you you

hear of a collab coming out and you get

in the justin bieber you're in

the uh posty post malone you're in and

then

it goes up and you get out but just

looking at that chart it's one of those

stocks that kind of

has uh miraculously recovered from the

lows there in march but even this longer

term that's a five-year chart

yeah they have these these kind of

cyclical downtrends

i'm not sure when this was that was a

2019 summer

and then this we obviously know what it

was but it's one of those stocks that

it just seems to be going in the right

direction because they

continue to have this momentum and every

time they have a collab

there's someone else in the wings

wanting to have one and the inventory

concern you have

to me almost creates the scarcity yeah

if you can't sell

more product that's gonna be a problem

but what what did they make

from the is there marketing dollars

associated with it like they're not

purely putting crocs uh you know with a

brand collab for

just for the fun of it right they're

they're getting paid by the

the co-lab right well i don't

know and i'll tell you this i don't

think it matters

if crocs make some money from the collab

or if they spend some money on the

collab

if it's a break-even thing it honestly

doesn't matter because

the volumes are so low all it's a

branding play guys it's just for

branding that's it that's it

okay and what was real the kind of

advertising you can't pay for

to have something go viral and

repeatedly go viral

they have a formula for virality and the

that's

just you can't buy that

you can't buy it um and also what was

really amazing this is what i love

last quarter crocs had a great earnings

great better than anticipated right

that's why the stock's been up

their sales were technically i think

down year over year but only by like

six percent they actually had higher

sales in

four out of five markets they were lower

i think

uh in in certain parts of uh

asia because of all the chaos that was

happening over there

but here's the thing guys their sales

were basically flat even in

up in the united states even though a

lot of their

stores most of their stores were shut

and remember

crocs has a lot of stores right they

have a lot of those kind of discount

stores and a lot of the retailers they

sell crocs at

were all shut down right so we've went

and visited one

in a mall here in texas uh

back when things were open and we we

were doing our uh

show where we ran around with cameras we

also visited one

in manhattan like i think that's their

flagship store and so

the fact that they're paying rent there

and they have these mall locations that

i can't imagine have much

foot traffic right now uh but they are a

direct to consumer brand

dave that that's what you're missing

they had

zero traffic last quarter like last

quarter

this quarter their stores opened up

okay now not a hundred percent of their

stores for the entire quarter

but this quarter they had their stores

and i know me and you aren't going to

the mall but dave

people went to the mall they did they

did they went to the mall

and like especially like you could see

people on twitter we've had it here

before

like at the mall you know some of the

only stores that were packed were like

lululemon crocs like they're like one of

the stores if you

do your work on twitter like there's

people posting pics of

lines at crocs it's crazy dude

so i think listen i'm not saying that

their brick and mortar sales this

quarter are going to be through the roof

but they don't have to now deal with

having a huge zero for brick and mortar

they can just have a steady state like a

normal corporate brick and mortar

and we know their e-commerce is through

the roof again this quarter

and one thing i'd love to pull up to can

we pull up a g trends

on uh i don't want to be on the word

crocs because

that's not gonna work and i'll tell you

why that looks really messy because of

the

free crocs that were given away back in

march and april

to health care workers they gave almost

a million pairs away

so that was just don't look at that but

if you look at crocs

amazon or crocs store right like

crocs space store is a good one because

what you'll find oh you spelled

c-r-o-c-s

yeah yeah

dot the stock so

what's oh and you won't see uh just pull

yeah there you go and here's so if you

pull five year

this is really interesting about this

and i don't know if you can you can tell

this more from croc store than crocs

amazon because it's more of a sudden

movement

but crocs drops every

single like september and october

is their low point okay so every

september and october they

they drop they go up in the summer and

sometimes they get a bump in december

okay but they're always up in like may

april may

june right that's when they pop june

june is the peak right dave on every one

of those peaks

i think and then this is uh december

holiday that's that's kind of an

all-time high and here uh

in uh 2018 as well that's august so

summer

and december that's it so now look at

2020 we look at 2020 on that chart

what you'll see is that it completely

fell apart

back earlier in the summer because you

couldn't go to a croc store

so people that were buying crocs were

just buying them online

but after the stores open back up

look at that the last 90 days from from

june

28th until pretty much today they have a

sustained spike sustained spike

during their low season guys sustained

spike when they should be

at their low okay that that is

a really interesting chart for crux

now i'm looking on another screen that

you can't see i'm looking at

web traffic okay for the same three

months

and we had a huge jump in web traffic in

april but that's because of the

healthcare workers so i'm going to just

discount that

what's interesting is after that was

over july

august and september the web traffic is

up about

70 percent from last year okay so

massive increase in web traffic the last

90 days from last year so

i really really like

the data on crocs this quarter but what

i like even more

is that i think the company is going to

come out and say hey

we're basically going to sell everything

we have to the end of the year

the dark winter okay and that's

something that you might get worried

about

but i think they're going to come out

again and say we re-emphasize that 2021

is gonna be

fire why is it fire because

the retailers the wholesale purchasers

of crocs

i think have seen what happened this

they saw what happened right

all this stuff is not selling but crocs

are selling

the orders to buy crocs for next year

is go it will be through the roof right

so like they're just gonna have a

i think they're gonna have a magical

2021 and i just want to have a really

nice

based position in crocs because i don't

think wall street

really appreciates what's happening at

this company

and what will continue to be more

and more collabs more brand power

but can i just say something about crocs

whether you wear them or not

can we all admit that crocs is a bright

happy brand that at the end of the day

even as we start to try to come out of

this early next year

get some crocs man just get some if

you're like there's celebs wearing crocs

they're they're they're reasonably

priced uh they're bright they're fun

by the way what a job they're doing with

those gibbets you know the little things

you play oh yeah

we've had people getting dumb money

gibbets made and i couldn't find a

supplier that would drop ship them but

that i mean everybody wants them dude we

got it

we got it by the way i love this shirt

day that you had you had design it's

awesome i just got got all my dum money

shirts

uh so gibbetts it's an interesting story

because i think

gibbets were made by a mom at home

for her daughter and then they started

selling them to her daughter's friends

and they were literally attaching them

to the crocs and

crocs came along and said this is genius

right and if my memory serves me right

they bought the idea from this mom for

10 million dollars

right and now these gibbets are becoming

a mega trend

and so if they're in their concept

stores i think they call them like

energy stores

they're putting gibbets front and center

all right so like they're starting to

sell a ton

of these things that cost next to

nothing to make

and in the same way that kids go to

build a bear they're going to crocs

when they after they have their i mean

could you imagine jordan i mean you know

what from a kid's standpoint right

imagine your kid your girls they have

crocs and you go to the mall and like

let's go to the croc store

so i can buy new gibbets for micro is

that the most genius thing you've ever

ever seen in a shoe oh yeah oh yeah you

just flare them up

just flare it right by the way this

picture has a bunch of

gibbets in it but this is their sold out

page from

yesterday fridays uh was national crocs

day which

is a made-up holiday that i'm pretty

sure any company can just say that

today's their day but

they have apparently been doing this for

years and uh yeah they uh

they sold out of the exclusive ones that

they made for their own

fake holiday oh my gosh

i'm just on right now luke combs just

announced

the luke combs crocs is back this time i

got to send you this tweet dave

with fur he has a furry oh dude

i'm going to send it to you right now

maybe you can put this on i don't know

let me see

who is this person uh luke combs the

country guy

text me not an image if you can see like

i sent you the tweet just now perfect

this literally just broke an hour ago

from his twitter account

and wow dude

and he's got his own gibbets line with

guitars dude this is so great

see i love this man i love it i love it

i love oh people are

flipping out so the first time that luke

homes did his crocs collab

huge sellout huge huge sellout

and now he's got this

unreal and by the way the furry crocs

we've talked about this oh i gotta send

you this one too dave

so nicole cloven's crocs collab doubles

as a survival kit

i don't even know who this is but i

think this is someone

who is like a mountain climber or

survivalist i don't know who's

nicole clovin let's see i don't even

know who she is

she's some kind of i just sent you hers

dave all right here we go you gotta

check it out

she has a collab check out this collab

it has survival equipment

that comes with the crocs it's like a

winter

mountain climbing crocs collab

check that out dude

[Laughter]

now wait what am i looking at here oh my

gosh

it's a it has a rope to uh i don't know

bungee around it has things hanging off

of it it has like um

it's got a shock thing

dude carabiner hanging off the back

in a compass a compass

dude this is what i'm talking about this

is ridiculous

i don't understand people that don't

understand crocs

because i mean

i don't wear them but i understand it

it's 2020 and these people are marketing

geniuses they're marketing take my

money take my money no i don't want to

buy crocs

i want to give my money to the crocs

marketing team

because you people are geniuses you're

actual geniuses like i love you so much

like mind blown these black utility

crocs actually look cool if you get rid

of the rope on the front which is kind

of just to get

those actually kind of look cool in

black i don't know about

i know truck bag stock is a lot i mean

that's

that's a lot dude

um you've seen you seen the bieber ones

man

hold on let me see if i can uh let me

see if i can pull them for you

dude you just i i i love this stuff

so much because this is exactly

what you need to be doing in 2020

man it's exactly bieber

bieber crocs they're pretty simple

compare comparatively right pretty sure

pretty simple um anyway

crocs i love you i

crux is not a company that i was in

before i bought 3 000 shares this

morning just

nice oh you bought you bought this

morning i bought some this morning

as as the market was down i'm like today

seems like a good day to buy something

crosstalk today would be a good day to

buy if i buy

maybe i'll buy some i don't know

[Laughter]

i don't know so somebody mentioned um

hold on hold on so we've got a we've got

a uh

comment stephen winkle johann

i've butchered that name so sorry please

comment on the fact that your hypothesis

is not supported by the drop from 16.5

million web visitors in april

uh on the website down to five million

now and it's stagnating around

five perfect question you see the

question okay guys

guys let me explain that in april

those were not customers of crocs

the the april was literally like

a 6x increase from normal because

crocs had a campaign where any

healthcare worker

literally any healthcare worker can get

a free

pair of crocs so the it was like the

greatest marketing campaign ever

so the crocs website was essentially

just went nuts with every healthcare

worker

i think i don't know if it was global or

just here in north america

going to the croc site every day to try

to get their free crops and they would

literally go in every day try

because it wasn't like it would open and

close open and close and their website

they did it globally and they gave out

860 000 pairs of

shoes globally to healthcare workloads

get the

big healthcare workers shoe because

they're comfortable

you know you can get them on and off

you're on your feet all day so you get

that cushy but like the holes in the top

when you worry about like fluids

dropping out or anything like that

because you could wash them and it's

like it's your feet so they're not

really worried about their feet because

they got to wash your feet and wash your

shoes anyway

and crocs you just dip them in alcohol i

guess

or whatever the solution is they're just

them yeah so so guys that you can't look

at april and may

because april and may had no that's why

i was the first thing i told you was

april and may you got to scratch those

months off because it wasn't

real traffic it was and by the way what

a genius campaign

you now have a million imagine having

almost a million health care workers

that are loyal to your brand

that are literally like for the next

five years are probably going to buy

a bunch more crocs why guess what they

have when they give you a free pair

they have your email address you're on

the right you're like

and you feel loyal don't you feel loyal

cause that's like a nice thing to do

yes every time they do like some

healthcare worker specific thing they're

like hey

check out this new uh well need to think

about it for people who had no

you know if you're in healthcare and you

had not yet tried crocs as a go-to

shoe for running around the hospital

that's what better way to get a free

trial out of

a bunch of people who can then rave to

their friends about yeah crocs gave

these to me they're a cool brand

and these things are amazing to run

around and and

you know save lives by the way what a

is there a better who doesn't like

health care workers it's like who

doesn't like health care workers and

teachers

i will tell you right now my two

favorite worlds of tick tock

is health care nurse tick tock and

teacher tick tock why

oh that kind of garden teacher tick tock

that

blew up and was on the today show i love

it so

amazing you know why it's happy it is so

happy it's like nothing but positivity

when you see a health care worker

dancing on tick tock

or a a elementary school teacher

i'm like it's like that is that is life

at its best right there

so like to have a million health care

workers wearing crocs talking about how

they got them for free and blah blah

blah what a great company crocs is

you know a health care worker something

about them they see a lot of people

right a lot of people are constantly

seeing health care workers all the time

because you're coming

and going coming and going in and out of

the hospital the doctor's office right

and and you see them you're like they're

people that i think to some extent

you kind of in many ways look up to

because they're doing especially this

year in 2020

and i just think everything they're

doing at crocs is genius and i just

i don't feel that wall street fully

understands

the implications for what this does to a

brand

okay and how that plays out especially

with the cultural mindset we have in

2020

of brands that are looked at in a good

way

okay and i think crocs has somehow

turned an ugly shoe into a

fun cool respected

successful brand okay and yeah i mean

it's people say the stock's trading up

yeah it is but you know what

i don't see this ending in the next 12

months i see it continuing

during the pandemic post pandemic all

the above and it's just

i really want to do this episode because

i believe in

i just this is one of my you know larger

picks it's not a high conviction trade

because it's really hard to tell you

know how the market is perceiving

crocs it's not like there's this massive

amount of undisclosed information that

nobody knows about at all

it's more oh there you go dave

[Laughter]

it's it's more about this is amazing

right

i i mean i could just watch this all day

i'm addicted to tick-tock if that

doesn't make you smile something's wrong

with you

uh okay so here's the thing it's a

medium conviction trade for me

medium conviction uh not high conviction

but i still it was worth putting 1.5

million dollars into this company in

fact i didn't put 1.5 million it grew to

1.5 i think i was in it like 1.3

1.4 but now now it's up to 1.5

and i'm going to keep it there i don't

care what happens tomorrow i'm going to

keep it there

okay oh and i just put in

can you put my favorite crop stick

though can you put up the one i texted

you

oh what the first one yeah let me see if

i can uh it's just i

i love this because i think people don't

realize that crocs is also doing an

amazing

job like transitioning

to an all-year brand not just a spring

and summer brand

the furry crocs the fuzzy crocs whatever

you want to call them

like they've been invited we should pull

up that g trend chart too after this for

furry

crocs the picture you slipped me is a

furry croc

actually wrong window that's not it hang

on

hang on too many buttons here they make

this really difficult

let's see if i put it in this window

will it work here we go

and now the furry croc oh

come on how did that make you not go out

and buy some furry

furry crocs for the winter um so

people love these furry crocs man if you

pull up a g trend day for furry crocs

you will see i think you could they're

like lined crocs or furry crocs you can

either one i think furry crocs will cut

will work

uh you'll see that they've been ticking

up the last couple of years

and i think we'll probably have cetera i

think

october data is setting a record i think

the last time i checked for furry crocs

on g trends here's a five year on

did i spell furry right let's see on

if you are right yeah

yeah one r is fury yeah so so look at

that

wait yeah furry crocs that's it so last

year

furry crocs were on fire they almost

doubled where they were the year prior

and what's really interesting guys even

a bigger indicator

right now look at where we are right now

look at where we are right now

that's for october 4th to 10th

if you go back right there that's

they don't even begin to spike until

octo like late like october 13th is

where that first spike is normally

so we should right about now and

hopefully they're coming down a little

bit but you can't tell cause the end of

the graph

usually um isn't quite uh

it usually takes about a week to catch

up to itself

i'm going to be watching furry crocs and

also i think they call them

lined crocs now they kind of they kind

of change

the terminology in the store yeah pull

up line

that's better dave actually if you pull

up lined crocs

and get rid of the other two charts we

can see it more uh

we can see it more clearly very similar

though

let's take a look yeah so line crocs is

great

now just you know that chart for line

crocs

spikes in november the end of november

november 24th

look at where we are october 11th

at october 11th last year show them

where we were october 11th last year

dave

we were right there look at that that is

insane

look at the lift look at the lift

october to october

you're looking at is that would you say

2 200

2.5 x dave probably a 2.5 x oh for sure

yeah it's it's uh between 25 and 50 here

and it's

uh between 50 and 75 here it's

absolutely incredible

now what would be great same time period

it's down here

25 so there is a little spike it happens

every year but it's been getting bigger

and bigger

if we stay there until december

we will be looking at a 60-day sustained

spike

for for for line crocs 60-day sustained

spike

when we normally have max

third max 30 days okay that's a big big

deal guys

and and i hope i really hope that crocs

is manufacturing enough of these and if

not

that they've kind of placed some

additional orders unfortunately

management has said that they cannot air

freight crocs it just doesn't work

at the price point for crocs it's a

little disappointing i was like why

doesn't it work because they cost like

50 bucks

and they can't cost you that much to

make i would and they're pretty light

right like what just air freedom air

freight more the volume they're they're

large yeah um what do they

just make them in the in the region

where they're selling them

is that what they do uh no they i mean

they

they ship them over on on ships

basically they're they're launched

crockett in the comments croco what are

you talking about i said that's all

great

but try and order a pair shopping cart

drops

are enormous i don't know what you're

saying i don't know what that means i

was gonna go try to order up here and

see if i could figure out what he's

talking about right building the crops

in the sneaker community

yeah i mean we're gonna start getting

like by the way

this is going to turn into a collectible

shoe too now i'm starting to see some

crocs on

stockx and dude once that happens watch

out man

watch out in terms of brand height

uh you have to say crocs 100x during the

show you're bound to slip

[Laughter]

study oh man

tj we're just talking about it's no

longer a seasonal shoe

like furry crocs lying crocs um they got

crocs for everybody man

can you know what you know slime crocs

bad bunny crocs

what do you think dave someday chinatown

market rocks

kfc crocs do you think we'll ever have a

dumb money crocs how great would that be

can we send this epis

can we send this episode to chris i want

to cut up

a really tight version of this episode

caught up just of us saying hey please

make us some dumb money crocs we know

that people would buy them

we had done our livestream right now

dumb money collab green crocs right

oh that'd be cool dumb money we got to

make that happen

which one should i buy i think you

should hold off for the dumb

uh dumb money crocs i'm leaving so many

these

what i need those i'm sure they're sold

out oh yep sold out

luke comb crocs are sold out the ones we

just featured i guess

so ready i mean they were sold out like

all of these are sold out okay here's

one that's not

but i can't wear that yeah i'm not

seeing a problem like checking out or

using the website or anything i

i still don't know what uh probably

because of the luke combs deal right now

they're just

no i'm saying i'm not having a problem

at all like it seems perfectly fine

yeah like if i wanted to order some camo

crocs which is probably all i would buy

would be

i could just do it right now 49 or 4.99

it could be mine

i mean they got crocs for everybody dude

oh crocodiles they just want to point

out money crocs that's it

i want some dumb money crocs

all right so guys uh we'll have to go

back

i mean what do you guys think you're in

dave right i mean jordan what are you

doing

you i want to hear what i mean i know

this is kind of a crazy trait they're up

a lot so

from a conservative standpoint which is

more you like

what are your thoughts who me yeah did

you say me oh yeah i mean i think it's

fine i think they're

look i think their stocks up quite a bit

um i don't know how far

it's got to run i think uh you know

i think it's i think it's a i think it's

a good idea for a trade um i'll probably

buy

maybe a thousand to two thousand shares

all right

i'm not gonna i'm not gonna go nuts over

it i'm not gonna spend a million dollars

on it

that that that is popping right now i'm

i'm thinking that these

without the holes in it and with the fur

those look kind of cool

you know what i want here buy the ones

with the fur

i mean does that look like something i

would wear

yeah but it it does actually but i want

i don't like

the synthetic i don't like synthetic

material like i

want actual lambswool crocks if they

made

if they made a higher end crocs like a

lamb's wool cr i'd be so because it

breathes better i just don't like the

way

the synthetic stuff

is not able to breathe and your feet get

all sweaty like that's why i love

bugs that's why i've got these house

slippers on right now

and they i wear them every day in the

winter i've got three pair i love them

are those synthetic no these are the

uggs these are the ugg

uh like the real real bit by the way i

love

uggs but man that ugg story is like dude

deck you see deck stock man

i mean everyone knows they're killing it

they're just slaughtering it

so it's really hard to figure out where

to how to arb that thing i think

uggs is going to have a just a killer

winner um but i i don't know is this

no it's it's through the roof because

they kind of

are more transparent about how well

they're doing

and i think the investment community is

more on to the

decker decker story uh the ugg story

uh i you know i that used to be my

favorite stock to trade like that was

my like maybe my go-to number one stock

to trade do you earn any deckers right

now

not right now i haven't owned them in at

least a year

uh only because it just got harder to

orb

uh that stock but i used to love it

every winter i would

i would remember i would watch the

weather i would get like usually get a

two week jump on wall street

just weather trading deck uh and it's

just harder to do right now

they're they're coming into the winter

way too strong and i don't think there's

any ability to arbit we'll see i'm gonna

stick with crosstalk i am looking

at uh i am looking at

uh uh skechers though right now we'll

talk about that in another day

patrick says their version of dude's

loafer is pretty good

patrick you can't do better than dude

identical two dudes

yeah they wait a second that is dudes

they stole dudes

no that's pretty much the exact look

though with the freighters they have

everything

i know they stole it that that's what i

think that is ugly

man what tom's is so good why would you

try to do something ugly

jordan they have a hundred different

versions of dudes you don't have to buy

that just get the toms dude you just get

the toms

i i dudes are better they're better i

love toms but dudes are better

anyway uh so that's it that's it

that's what that's our crosstalk hey

dudes when you when you google it that's

what you have to look for

um can we just end this session by

saying

crocs are hot but getting hotter i think

they're gonna get nothing but hotter

over the next year and if i didn't

believe that

i wouldn't be in crocs right now so

that's my thesis

if the thesis starts to fall apart i'm

out i'm out of here

i believe it too i mean i mean yeah i

think it's a good one i'm probably gonna

buy

maybe one somewhere around where dave

bought maybe two to three thousand

shares

i mean if you just think about a

stay-at-home shoe

if you need a shoe see well healthcare

like anybody that's out working on their

feet right now i mean that's a it's a

perfect shoe for them

all right so i'll stick with my thirty

thousand shares of crocs

hopefully for the next year so just know

what you're just dipping our toe in the

croc

you are typically joe i got my foot

way in way i'm wearing the crocs boots

okay the analysis

is so bad i hope to have this be a

long-term capital game for me that i'm

selling maybe

next october okay

anyway so hot they're melting where she

goes that's right so hot they're melting

so that that's the crocs rate okay

vaccines

vaccine oh vista two good stuff um guys

i did spend a lot of time on ammo this

weekend

okay i want to make you know i got so

much money invested in ammo stocks that

i wanted to make sure i wasn't missing

anything

and after doing a lot of research i

walked away

realizing i'm not missing anything man

i'm sticking with all my ammo trades

dude

i mean i'm sticking with them i think

that these ammo trades are going to do

really well through the election that i

still believe is likely to be a biden

election probably more today than i did

a week ago

um i'm not selling my vista i'm not

selling my

clarisse or wherever that other one is

i'm not selling

the third one i don't even remember some

of these i'm more in vista outdoors than

anything else

uh but guys i just absolutely love this

ammo trade

i have did so much social media research

and you can't buy ammo anywhere the ammo

gets re it's constantly getting

restocked

constantly getting sold out um it's a

combination of people that want it for

self-defense they want it for hunting

hunting is on fire right now

uh just everything people are going to

be concerned that they're going to take

away guns when biden potentially gets

elected

that's going to fuel the trade even more

we also have the ability of political

instability coming up we should probably

do a standalone episode

uh later this week on you know we did

what these are the stops i'm gonna buy

trump wins these stocks gonna buy biden

wins

you know the one we need to do next

right what if we don't know who wins

yeah that's the trade when we don't know

who the president is

you know the funny thing about this so

my uh my little girls were asking about

the election because adrian went and

voted

she got back abigail's like who won and

adrian's like well we won't know for a

little while and we might not even know

on election day so she's already getting

our kids prepared

for a contested election yeah i

i think well you know i saw something

so even let's say biden wins unless it's

such unless it's like the mega landslide

of all landslides

i don't necessarily see trump the next

day

being like hey you know we're going to

set for a really smooth transition

congratulations like i just don't see

that happening

so i don't know how this all unfolds but

i think

that as an investor you have to have a

plan for it and that's

i finally came to that realization this

week we have

listen we're social arm investors we

right we run scenarios

and then we know what we're going to do

when each one

based on which scenario starts to play

out we know exactly what we're planning

on doing

and i just realized that i don't have

like a well-thought-out scenario

for this is gonna be

a full month of figuring out who won the

election because i think they have a

full month almost

over a month uh to basically make that

decision the parties

and so did you guys know that there's

not even like

firm laws in the constitution that

really dictate

how this all works so everything is open

to interpretation

and a about

how it could go down um it's

it's yeah it's really concerning right

because i mean it can be played out for

a while

the only reason that we've got that

peaceful transfer of power is because

that's what

has happened every single time so far

but it got i mean it got

it got pretty hairy with uh you know

with the bush

and um gore that one year right when

they uh if you look at the way back

to florida did you read the atlantic

article i think that was the one that

you said it to me dave that's where i

found it yeah yeah it was

it was a really good uh an interesting

look at history

where there was this non-peaceful

transfer that

worked out we're still here but um that

was

that was that was a good article so

we'll we'll have to do a whole episode

on what to trade

if we don't know who the president will

be so we know tomorrow is pokemon

you know box day maybe wednesday we can

do the uh

what to do if the if we don't know the

president because thursday we have

earnings bonanza right that's all about

facebook and

uh amazon and

maybe some others twitter it seems like

everywhere there's a lot there's a lot

but what i think is probably more

interesting than any of that

again going back to last week's episode

which if you haven't seen it go

watch our vaccine episode are the

rebound trades on uh vax positive

vaccine news we're not trading vaccine

manufacturers

because it's unknown how much money of

anything they'll actually make off these

vaccines

and we don't know which one's going to

ultimately win but it looks like

uh pfizer might be releasing

some data maybe in the next week or two

uh and they're in a they have a vaccine

collaboration with another vaccine cup

company excuse me so i think

that all the stocks that i want to buy

from that vaccine episode are all

getting crushed today

and there's a chance that this is a

really weird scenario it's almost like

the

it's like like the perfect storm

scenario where

we are having the worst thing that could

ever happen for travel

and leisure and all that stuff right

right now with the virus getting

spinning out of control yet at some

point

in the next few weeks there will be an

announcement

on that i believe will be a positive

announcement on vaccine news

and you could see the biggest knee-jerk

reaction in these stocks so you have to

time this perfectly right

like their stocks are getting crushed

crushed crushed you could see them

whiplash so hard and so

fast that if you could time this right

oh man it's like the mother of all

trades

like and like you've got to be thinking

about it 24 hours a day at this point

i'm

i can't i didn't sleep last night i was

just that's all i was thinking about is

how am i gonna time this thing

how what am i looking for um i couldn't

i got to a point guys last night i was

up at 3 a.m

and i actually could no longer see my

ipad screen my eyes were so blurry

reading vaccine thesis on these vaccines

when they're going to be announced like

probabilities of how it's all going to

go down

chris we might need to have an

intervention with you because this is

not healthy this is

not sustainable

um well okay so what are you gonna do

what is the conclusion from your 3m

just we don't need to tease it for

something that happens later just tell

us what what

i think that we're going to get good

news on vaccine and i think it's going

to happen within three weeks

i really do i think it could happen this

next week but it could happen the week

after or the week after that

and i think when it happens that's the

news we're waiting on i think that's

going

it's going to happen i think right

around the worst point for all this

stuff

and you have to be you have to invest

before it happens right so like

not you me i have to invest before it

happened

because i want to catch it so i'm

looking at

various derivatives options on a few of

these trades

that quite honestly i'm short these

trades right now so i'm looking to flip

hard on these trades and i got to figure

out when to pull the trigger

that's it that's it i gotta figure it

out and you know

the administration is pushing so hard

to have this news come out prior to

november 3rd do you think

what do you think do you think do you

think they'll potentially release it

prior to the election

just the data i don't think that

i don't think that the government can

really influence that i mean they i mean

they can try

right but i mean if well jordan how

about this

i mean what if here's here's the stuff

that's been submitted to

us how about this what if the

administration

what if president trump himself or

someone that's close with him

once the data is known internally

because there's a small group that isn't

going to be able to unfold the data

right

what if he has someone in his

administration or the fda

he goes in and finds out what's

happening and leaks it himself do you

think that's possible

treats it he doesn't i mean as soon as

he knows we're

highly unethical right

well highly unethical what's the

benchmark for that right

like i mean i feel like the fda should

be some sort of organization that

you know anybody that's can they say

can they say no i i don't know can i

i don't think so don't you think

that when he spoke during the i think it

was i don't know whether it was during

the debate

or or right around that time don't you

think the way he was talking about the

vaccine news coming out that we're gonna

have in a couple weeks

he knew something didn't that didn't you

feel it didn't you feel that

he had he was just kind of like holding

back but he knew something reading

between the lines i just can't read into

too much that he says i feel like you

know he's an off-the-cuff

just saying he's talking about

believes something and believes it to

the point where he thinks it's fact in

his head

it's worth but it's what dave it's worth

thinking about

sell-off day for companies like live

nation six flags sea world amc all the

ones that we were talking about the

other day these these kind of

entertainment stocks they're all down

between five and ten percent right now

today i know and i love that i love that

because like those are the stocks i want

to buy

and i'm not like honestly i'm not

looking at amazon and facebook and all

that

like i don't even care i don't care like

i know wall street is focusing on those

earnings and stuff i'm not saying we

won't touch on it later this week

but i don't care because that's not

where my money's gonna be made i have a

10 million dollar trade on the line

right now

and that trade is totally dependent

on me my conviction that we're going to

get good vaccine news and when it's

coming

and i think it's just a matter of time i

think it's

coming and i think it's good based on

all my research it's not

definite by any means but it looks

pretty good uh it looks pretty good

work it reacts so we've seen this back

and forth between

you know vaccine looking positive the

market goes up and

then the outbreak looks worse and so it

goes down it's like this

we haven't had vaccine news we really

haven't had any real vaccinations

nothing's been really

reasonable hopes and every time uh

remdezavir breaks a story or you know a

press release goes out or there's a

positive thing

i mean we've talked about it there's

like there's a lot of these

hopeful things coming as soon as a

vaccine is

approved that starts a whole new cycle

of

positives right yeah i mean i i don't

even need for it to be approved i just

need the data

i need the data um the vaccine data to

come out or get leaked that it has a 70

efficacy or 65 percent efficacy or 75

once it was safe we don't have to wait

for an approval before that i

it just feels like all of the um data

that we've seen so far

is like it's it's stuff that's in

progress

they're they're updating us when the

trial is put on pause because

of an issue they i mean there's just a

lot of information out there

yeah they are doing they are doing more

communicating than they normally would

because most of the time and i was

reading that they wouldn't normally give

that information out like it would be a

non

it would be a non-story it would because

it's just like a procedural thing that

they do with all

uh all these trials i think that the day

they submit their final paperwork for

approval they're going to

just for transparency sake say hey world

here's the uh here's the data that we

have that is now being reviewed by the

government

don't you think are they going to keep

that secret

i don't see them keeping it secret no no

i i think he wants positive news on the

vaccine out before the election and um

there's a very good chance

that before the end of this week i'm

going to put my trade on now when i say

i'm putting it on i mean

i don't know how it's going to be

expressed if it's going to be expressed

through

equity or through options or a

combination of the two but i will talk

about it

as soon as i do it and it's going to be

a bold trade because it's going to be

doing it

during a dark time for these companies a

time when people are most scared

that the virus is going to get worse

going into this weekend but

i might actually trade i don't know if

i think there's a reasonable chance we

get a vaccine news because so many

things happen over the weekend you know

and like happen late friday or early

monday or sunday night and i think trump

is going to be under a lot of pressure

to have news leak

or have it come out on a vaccine the

week before election next

is an election week next week right is

that wrong

uh yeah november yeah it's very next

tuesday

so i feel like i'm probably going to put

this trade on

mid to late this week uh and i'll let

you guys know i'll let the whole world

let the whole community know what i do

um it's a big trade and it could go bad

it could go really really bad

i mean because because why can it go bad

if things are getting worse every day

and spiraling and then the vaccine news

comes out and the vaccine didn't work

could you imagine how bad that will be

for all these travel stocks

oh yeah not good right you don't want to

be in

uh expiring options when there's such

great uncertainty

no no but listen no risk no reward

no risk no reward it's gonna come with

risk and i'm gonna do it

so uh that if you wanna know what i'm

doing this week

that's pretty much all day every day

what i'm focused on

um because i think that's where most of

the opportunity is for the next year

my big my 10 million dollar trade the 10

million

that i want to make this next year is

based on that mostly on that trade

so that's what i'm focused on i know

it's not going to all come at once

but i think you know it will come over

the next 12 months if it's positioned

correctly

so i'm looking to basically put about 10

million dollars worth either through

equity and options

controlling about 10 million in these

rebound stocks

that i hope will double over the next

year and that'd be 10 million

so that's it can't wait for that episode

it will happen

when's it gonna happen i don't know

maybe as soon as it happens it happens i

mean i can't get hurt

i can't do it for you i'm not gonna be

under pressure

to make my trade just for the just for

you two i mean

but it will happen so all right anything

else guys

uh clct uh collectors universe i don't

know what's going on over there i mean

like i said i think that's a nice trade

uh

for earnings and we'll see when earnings

come out on clct

uh i hope i think we're going to get

stimulus

after the election i think as soon as

the election happens next week the

we either get our trump portfolio or the

biden portfolio

or the we don't have a president

portfolio it starts

to starts to work right yeah so

we'll be in either way and we'll let you

guys know

anything else from you that's going to

do it for the day all right no i'm

i'm done i've got everything i've said

everything

we got work to do now oh i know we have

to go head over to the secret

undisclosed location

and figure out where we're going to set

up our cameras

um do you know that we have to also

figure out how i take everybody to the

bank with me tomorrow

to get this cash to get the like

because i'm going to get the cash from

the bank in the morning you want to do

that live right

i was thinking you would just tape that

because i have no idea how that's going

to actually

be done live live you just do it on your

phone and i really think you probably

need to be paying attention to the money

and not trying to film yourself

okay so should i take the the camera

person would you take a camera person

with you

to film okay we could stream it from a

phone if you want

but i don't know how much the bank is

going to like that

all right we'll figure it out tomorrow i

just know that every other time we've

tried to film in a bank

we've been asked to leave so yeah yeah

may not want to do that but you can at

least film you going into the bank and

coming out and show the briefcase full

of cash and

then jump into an armored car and go

have you verified you can get that much

cash

yes he did okay um guys

it took some maneuvering to get it that

quick

oh i bet people are asking my accounts

heads we've talked about yeah my

account's had

by peloton is about 28 hedged i got

shorts on booking.com and about a seven

million dollar short on sp why so that

that's the hedge guys

whoo all right go set up some cameras

i'm ready man let's let's go try to do

this dude i hope

i'm hoping this live broadcast goes okay

because i i've been stressing out over

how you're going to even hear us because

right now we're in different locations

and so yeah our audio is slightly

coming in at different times but it

should sound okay when we do this live

if i have multiple cameras on the screen

they're all going to be at different

times and you're going to hear echoing

we learned that the hard way when we did

the uh the cracking of the safe in

jordan's house we did that live

yeah and so i was up until

three in the morning ordering stuff on

amazon to uh so i have new mixers

and i have um all kinds of wires and

adapters

come in did it come in and do it to run

no it comes in by 9 pm

tonight is when the delivery is supposed

to happen so who knows if it's actually

going to work

but um my backup plan is just single

camera

with a boom mic built in okay well

guys watch tomorrow for nothing else to