Like you guys a lot, but...
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“Look, I like listening to all you guys -- you're all smart, all entertaining, all seem like fun people to hang out with... and I don't know what your ratings numbers are, but my guess is you're losing listeners for a couple of reasons.
First, you guys, in my opinion, are too black-and-white bearish and, thus, don't give enough actionable advice for the short-term and mid-term trader. And because all you guys (minus Liz) are/were traders, I'm inferring that the trader is who your podcast is geared toward (as opposed to the buy-and-hold crowd). And to illustrate my contention that there's a deficiency in actionable advice, let me give you an example involving Dan (again, whom I think is very good on the pod, but who's become Mr. "At Some Point").
Last May (2023), NVDA was coming into earnings as one of the most talked-about stocks in the market (not to the extent it istoday, but still, one of the hottest/most talked about stocks). I'm virtually certain Dan was bearish on the stock, and maybe owned some puts on it (certainly a reasonable position since it had been on a tear). It was trading at around $300 and, like everyone, I didn't know where the stock was going. I did, however, figure that there was a good chance it might go nuts either way, so I bought a straddle at a strike price of around 300. It cost me 1900 (roughly 950 each for the put and call). Earnings were released, and the stock went from 300 to 380. I lost 950 on the put, but made 6000 on the call. There's no bragging going on here; I've lost plenty of money trading options, and I don't know any more than the next guy. Since then, stock, as we know, has gone from 380 to roughly 980, with some intermittent hiccups along the way. I believe this whole time Dan has remained bearish on the stock, and frequently opines that "at some point" it's going to take a hit (which is, arguably, good advice from a risk management perspective). I think it's admirable that Dan's not a chaser, and that he's prudent with his risk managment. However, even if the stock does take a hit from here, let's say goes down 30%, the stock would still be trading at around 650 -- almost double from where it was AFTER the huge post-earnings bump in May, 2023 (I think stock traded down to 350, and then continued upward). NVDA is not a meme stock; it's arguably the strongest company in arguably the strongest secular industry... and it trades at a reasonable 30-50x forward PE (I say "reasonable" in relation to its projected growth). I think it would just be helpful to listeners who are looking for advice if, regarding a hot stock, there was a discusion that "Yes, the stock's had a nice run, but you know what? Next time it drops 10%, maybe consider putting 1% of your portfolio in there because the long-term trend on this stock looks like it's going up." Because I think sometimes you guys act is if, once the stock does go down, you'll all be screwed; you don't seem to account for the situation where the stock goes down, you buy on that dip, and then you sell after a 30% gain. Your discussions seem to ignore the short-term trading potential of buying a hot stock like NVDA when it's down 10%, and you don't seem to acknowledge that -- if an investor does buy a hot stock on a dip -- that investor doesn't have to hold on forever... that she can buy that dip and then sell before the stock does take that 30-40% hit later on. Maybe this is because you guys don't believe in investory-psychology, the notion there are some stocks where seemingly investors just "want" that stock to go higher (CRWD, MSFT, LRCX and, yes, NVDA). Personally, I think it would be helpful if you guys indentified some support levels for some stocks that have done well and that still have strong secular prospects so that -- when there are the inevitable pullbacks in these stocks -- an investor might want to consider putting a responsible portion of their portfolio into that stock (as opposed to continually saying "Stock's been too hot, it's gonna drop."). But it's not my podcast, and I get that maybe you guys don't believe in that kind of investing.
Also, for my taste, I think there's too much discussion about metals, commodities, etc. And I know Guy's a former gold/commodities guy, but if you're going to say that you think copper's going to get hot, it might be more helpful to listeners if you also explained that "Because copper's going to get hot, these are some stocks that you might want to look at." I mean, I could be wrong, maybe you guys do have a lot of listeners who are in the CBOE pits, but my guess is that most of the listeners are retail/individual investors who enjoy your work on TV (and I'm one of them), and they really aren't going to be investing in copper (but again, maybe I'm wrong). In the same vein, I personally don't love hearing 10-15 minutes of discussion about how there's too much government debt, and things of that ilk; again, at least for a listener like me, it would be helpful if you then connected how that preponderance of debt would impact certain stocks, and of those stocks, do you prefer JPM vs. Goldman in that scenario.
Anyway, sorry for the long post. And as ironic as it probably sounds, I really do enjoy listening to all of you guys (and do give you guys credit for making a lot of good calls, like TSLA short). It's just, for investors like me, I'd enjoy the pod even more if there was maybe more granular strategy discussed with respect to individual stocks.”Read full review »
yeahnomaybe12 via Apple Podcasts ·
United States of America ·
03/23/24
More reviews of On The Tape
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“I’ve followed Dan and Guy from CNBC Fast Money and this is a great opportunity to hear their thoughts on the financial markets in more detail. Highly recommend this podcast...”
HRCSR via Apple Podcasts ·
United States of America ·
02/14/21
“You know them from CNBC, but these guys have created a great podcast. Really insightful market and economic info delivered in a spontaneous, fun style. These guys have helped me navigate the market swings with some good, actionable ideas. Keep up the good work!”
The Slim Finn via Apple Podcasts ·
United States of America ·
07/15/22
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“Never miss an episode”
benfromark via Apple Podcasts ·
United States of America ·
07/15/22
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