You Could Have Made $850,000!
Breakfast With Yim - The most important meal… and news of the day!
Anyone interested in discussing their investments or business ideas? Click the “Email Me” button below to start a conversation! -Thanks, Jimmy “Yim” Cuthbert
In Today’s Newsletter:
GoFundMe Friday: Bulldog's Shooting Victims
Inside Trader Of The Week: One Medical
Tweet: Manhattan Is Pricey
Weekly Recap: Headlines From Around The World
TikTok: Suddenly, Robot Dogs Aren’t So Cute
4-Hour Workweek: Chapter 16 – The Top 13 New Rich Mistakes
Quote of the day:
“Adults are always asking kids what they want to be when they grow up because they are looking for ideas.” — Paula Poundstone
GoFundMe Friday’s
My goal is to post one GoFundMe each week that is both meaningful and impactful. This week I will be highlighting Bulldog's Shooting Victims.
Last Friday, there was a shooting at Bulldog’s Ale House, a restaurant I grew up around, in Roselle, IL. A man was arguing with an employee and decided to open fire inside the restaurant shooting his pistol eighteen times.
One of the bullets that were fired struck a woman I grew up with in the head. She is currently in the hospital working with doctors on the best course of treatment. I wish her a speedy and healthy recovery. I know she could use everyone’s support right now.
If you know of a GoFundMe that needs attention, please reach out to me and I will be happy to write about them to raise awareness.
Inside Trader Of The Week: One Medical
A little over a month ago I sent out a newsletter that included 3 stock options that seemed unusual to me. One of these options was One Medical as you can see highlighted below:
There was very little option activity on this stock. That’s why it stood out to me when someone randomly spent $46k on them.
Fast forward to this week and we come to find out Amazon just purchased this company for $3.9 Billion!
Doing some simple math. Those options he bought for $0.40 each are currently valued at $7.40. Meaning the $46,000 he spent just turned into $851,000! Seems that someone had a tip that a buyout was coming…
If I would have spent $1,000 on these same call options it would have turned into $18,500.
I used my software to analyze this stock again and came to find out someone else had some insider information about the buyout:
Last week this individual spent $454,000 on $0.62 calls for One Medical! This again is a huge outlier if you check their option chart. No one is spending this kind of money on One Medical options. However, this trader seemed to know something none of us did and went all in.
That $454,000 investment last week is currently valued at $3,712,548!!!
In one week this person made over $3 Million because he had insider information.
This is why I love the software I have. You can easily track unusual option activity to gain your own insider information.
If you want me to look into option activity of a stock, leave their ticker in the comments.
Tweet Of The Day: Manhattan Is Pricey
Weekly News Headlines
Do not taste the rainbow: A California consumer is suing Mars Inc., claiming the candymaker’s Skittles are “unfit for human consumption” given its levels of titanium dioxide. Mars counters that it’s FDA compliant.
Budding IPO: Shein, China’s $100B fast-fashion giant, said it hopes to go public in the US as soon as 2024. The company has been under scrutiny for its hand in environmental issues and harsh worker conditions.
Fire up the jets: Delta agreed to purchase 100 Boeing 737 MAX planes, with an option to purchase 30 more. The deal is worth ~$13.5B before discounts, and offers a vote of confidence in Boeing’s model, which underwent a two-year grounding after two fatal crashes.
Not so bad: Netflix reported it lost 970k subscribers in Q2, less than half of the 2m it expected. Despite the good news, the company still lost nearly 5x as many subscribers as Q1. On the upside, the streamer expects to add 1m subscribers in Q3.
Cruisin’: Carnival, Royal Caribbean, and Norwegian all saw their stocks jump Tuesday after the CDC dropped its covid protocols for cruise ships requiring passengers to be tested.
Commerce collab: Shopify announced YouTube Shopping, a new integration that will let merchants pin products to their videos and enable live-shopping experiences.
After the bell: Snap shares fell over 25% in after-hours trading after the company reported it fell short of revenue and earnings estimates in Q2. The company says it will slow hiring going forward, and refused to provide guidance for Q3.
New feeds: Facebook launched a new tab in its iOS and Android apps called “Home.” It’s designed for algorithm-based discovery, much like TikTok. The tab previously known as “News Feed” will henceforth be known as “Feeds.”
TikTok Of The Day: Suddenly, Robot Dogs Aren’t So Cute
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Book Review: 4-Hour Workweek
Forget the age-old concept of retirement - working your whole life, taking a few vacations, and saving as much money for retirement. There is no need to wait anymore, especially in unpredictable economic times. In this book, Tim Ferriss breaks down the blueprint to escape the rat race we all call work. He explains how to create a business to fund the lifestyle you have always dreamed of and how to live your life like a millionaire… without actually becoming one.
Here is a link to a free online PDF of the book in case you want to follow along:
4-Hour Workweek
Chapter 16 – The Top 13 New Rich Mistakes
Losing sight of dreams and falling into work for work’s sake
Micromanaging and emailing to fill time
Handling problems your outsourcers or co-workers can handle
Helping outsourcers or co-workers with the same problem more than once, or with noncrisis problems
Chasing customers, particularly unqualified or international prospects, when you have sufficient cash flow to finance your nonfinancial pursuits
Answering email that will not result in a sale or that can be answered by a FAQ or auto-responder
Working where you live, sleep, or should relax
Not performing a thorough 80/20 analysis every two to four weeks for your business and personal life
Striving for endless perfection rather than great or simply good enough, whether in your personal or professional life
Blowing minutiae and small problems out of proportion as an excuse to work
Making non-time-sensitive issues urgent in order to justify work
Viewing one product, job, or project as the end-all and be-all of your existence
Ignoring the social rewards of life