Avsnitt 569 - Stoploss as a service

0:00Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. We're going to have a good time. We're going to have a party.

0:28I'm out of here.

0:45when they were borta till på fredag. Så det ska bli skönt. Ja, det är fortsatt stora rörelser med Antropic. Det de lanserar, det går ner. Vi har lite rapporter. Jag tänkte att vi kunde läsa upp blankningslistan. Se om de har lyckats eller inte lyckats. Det känns svårt att misslyckas i den här marknaden om man är blankare. Sen hade vi Novo. Crash igen. Sen hade vi lite affärer i fastighetssektorn. Och sen så du pratade lite IBM. It's a little P-Bolag, a little private credit. It's a lot, despite it's a sport-lover. Yes, sport-lover. In all of a matter of course, if you go to your own experience, you're going to be stressed when you're sitting in the lift.

1:28Sport-lover is always a lot of rarity and volatile. Yes, and we've all been in a lot of a big deal. But if we take off the episode, we'll be able to summarize what's happened here the last week.

1:45And as usual we have our sponsor Robomarkets. They have ISK in both euro and dollar. So you don't have to lose the amount of ETFs. If you want to explore different things, I think it's really good. So you can find niche sectors that you can explore. So ETFs will I lift you up in the next episode. Yeah, if you're tired of all small companies that have gone down, then you can diversify yourself through buying ETFs. You can buy from a lot of uranium, fly companies, it's a lot of technology, it's a lot of technology, it's a lot of technology, it's a lot of technology, it's a lot of technology, and it's a lot of technology.

2:32And there's a huge amount of money on CETRA so that you can handle in euro without a growth of interest om man har svårt att få tillgång till de amerikanska ETFs. Precis. Det fina här är att många sitter med småbolag som kanske går dåligt nu. Att göra till exempel en... Vi har pratat om det i podden hela hösten. Man ska rotera in i andra sorters tillgångar. Att göra en sån rotation i en portfölj är väldigt smidigt. Om man har tillgång till ETFs. Då behöver man inte plocka ut enskilda case. Det kan man ha som krydda. but if you want to have the portfolio, so you can have different ETFs and then you have different kinds of things and exponents.

3:12So it's a good way. Often ETFs are very cheap, compared to the fenders, for example, in the market. If it's a daily deal, if it comes a big AI, a big TRN-new, a big URAN-new, then you can handle ETFs when the market is open. So it's very fast that, as I am, if you like new things, you can quickly get an expo in a sector or ETF. Exactly, for it doesn't work to stick under the stool with that. The price has been more and more on narrative. So it comes a wave that lifts a whole group of things. And then I think it's actually a good help. Yes, and if you want to handle the USA, which we usually do, so can you do it via Robomarkets.

4:00So then you can go on ISK when you go long with a value of a bank. And you can also go on a short via your bank account. And there will be new Anthropic news every day here on companies that are drabbed. And then it can be very good to get a short exponering from the companies that are potentially outslated. In all of a matter of fact, I think it's what the market is just now. And then you can also get to trading view. If you don't have any system today, it's a very good start. you can do everything you can handle in graph you can set a stop loss in graph but above all you can look at all the various different available and all the available available and all the available available and if you can do a code you can also see how you have been working on so it's a very good tool that you can get with you if you are a company on Robomarket yes and if you want to set up a company so just contact Max and Simon on Stockholmskontoret thank Robomarket so get to you but come back Investing in your risk and it's not sure that you'll get back your investerate capital.

5:04We start with the report period. It's going to come a little afterslänglig. I have looked and handed a little bone support today. It's one of the most blanked companies. If I have read it correctly, it's around 7, 10 ,9 % blanked. They came in with a report that was inline or a little better. Beroende på hur man ville se på siffrorna. De hade släppt sina försäljningssiffror men inte vinsten. Kostnaden var lite lägre än väntat. Så som jag tolkade det av vissa analytiker så var vinsten bättre än väntat. Den öppnar 5 % upp och på 10 sekunder så är den 5 % ner kändes det som. Och sen var den som mest ner 10%.

5:47Sen gick den tillbaka till 3 % upp. Så den har väl rört sig 15 % upp och ner några gånger här. and it says a lot about how sjuk it is in Bonesupport is it a small company it is a company that is a little bit of a so can you say, then it is worth quite a lot of money 12 billion dollars here and what is worth much more on top but it is absolutely worth a small company 12 billion dollars I bought a little here on Dippen and I have done it just now when we play in here around 1, I'll see how long I I think that it's super interesting. The question is just how the bank and the bank are going to do.

6:30This shows how little the market is. When someone can open 5 % up and it goes 10 % down directly. Now it's just up and it's on plus again. Man becomes very paralyzed when it's so big. The company feels confident. They haven't taken anything to do with their guidance. They grow well. Here is the problem that the value of the value was relatively high. It was on all Medtech-based company here for the year and now has the value of the value. Then it's the question of what it should be from here. It's very many blanks in these kvant blanks. It's hard to know if they blanked the actual for the market.

7:13Or if it was something wrong on the market. Then there are Brummer here who have been out and been on Zoom conference. Nothing I've seen has confirmed the blankartesen more than that the course has been moved down. I think you'll get a fantastic price here. It's a pretty good spot here. When the course was on 68, now we're on 83. It's impossible to understand where the action is. I'm going to think that the analytics will be positive tomorrow. So it'll be a little bit of a stabilisation. But as long as the company is in blanks, it's hard to see that it will come in so much fonds when you have the small company's fonds and the Obron.

8:00So here it's just up to the company to perform. Lyckas man växa med 35 % som man säger, trots valuta mot vindar och liknande, man får godkännande i det nya olika segment som utökar TAM och marknaden så finns det ju ett supercase här och man har ju skyhöga marginaler. and the company did what I understand you talked about it, you talked about long-sides you talked about blanks, but a stable conf call, I listened to the interview it was also a stable but the company is a form of Formula 1, Vilda Western what do you feel, Medtech, Bonex have you any thoughts? I read the blanks and I didn't think that it was so much about it I just liked a smoking gun but as you say Tittar man på listan här Tänkte vi kunde kolla på Till exempel, mest blankat är ju Hemnet Som jag satt och blankade för några år sedan Den blanken förstår man ju Ja, precis De täcker inte, de här killarna Den är mest blankad på Stockholmsbörsen Om den här listan stämmer, 13 ,7 % Och nu i veckan var ju fastighetsbyrån ute Att de skulle köra samarbete med Boli De har liksom haft monopol kan man ju säga and so they have to be able to have a lot of pressure by getting to increase the price for much all have been able to get argy and then they have to come and disrupt it but you see that it's like the SPB that is the most blank that regardless of the the blanks don't take it they are not left here and I have not really understood when is the strategy to take a big one to say that if they have to take it so it's very much defeat and actually the R &D川 is quite units and the same is it's less Richard It's really a bubble that causes an offset if an attainable You can afford to arrive with these new problems so the R &D foss prices completely Res for that The more Musk표 Sanger has to increase their position So it is very easy to People that May have aoff まあ 내� at the forecast to be able to stay and stay a little when it's a little bit of a worry in the small market.

10:19How do you see it? The one that you need to remember is that the more you get right, the less the position in the portfolio. So it's why you see that blanking tend to increase in line with your tes if the aktien falls. You need to blank more for the need to keep the weight in your portfolio. Are you with? Yeah, exactly. And you always dream of a big short squeeze. It would be cool if it comes to BoneX or Bone Support. But we have very few falls on Stockholmsbörsen when it has become a total short squeeze, can you say. Absolutely. But as you said, it's tough to move it. It's the end that the company should do is just to work on it.

11:06Yeah, or deliver. Fina vinster, fin tillväxt. Man kan köra återköp, man kan köra olika saker. Men man ska absolut inte hålla på att gå i krig med blankarna. Man ska inte hålla på att prata om den. De fick frågor i det intervjun. Han nämnde inte ens blankarna så det kändes för bra. Och ändå då så kände de sig så påverkade att de skickade ut i början på januari en update för att det låg så mycket olika rykten i marknaden att man skulle vinstvarn och liknande. Och det behövde de ju inte göra. I can read more about Electrolux, Truecaller, 4th most blank. There have been Super 1, Xvivo, there have also been the right when they have started.

11:46Mildef, Electa, Embracer, Nibe, Vitec. It must have been a bit of a long time. The two companies here on top 10 where they've been the last 90 days have taken their blank. The rest have been the same. It's Nibe, SBB, and Elux. Elux har gått fint på slutet också så det känns som att de handlar mycket med trenden. Går det ner, då ökar man blankningen går det upp så täcker man. Det blir lite självspelande åt båda hållen helt enkelt. Precis, och sen så jag tror att vissa aktieägare får för sig att det här är någon så här personlig vendetta mot ett bolag och det finns ju bolag som gör så. Visseroy till exempel de är ju väldigt på ett bolag men sen många andra blankningar är ju Sektorbet They are long and short.

13:03It doesn't sound like I talked about before. But many others are the same blanks in all the fonder. They are going to cut a lot of small companies or some where the cost of investing is going down. They have been a lot of fine algos, which are difficult to help, regardless of whether it's new or what's happening. I think that the debate about blanking is a lot of overdriven. I think blanking is a good phenomenon that we should have a good and the end that the company can do if they have blanking or if it is a narrative that they don't have to do is just to increase transparency and maybe to be able to if they realize that it is a take that will be a thing that doesn't do but otherwise just to continue to drive their business Verily We'll see you next time Novo, that is a company that never stopped crossing its own market for the last 2-3 years.

14:05They had a study where they had to compare their new preparatory, Cagri Sema, with Lillis preparatory. The plan was that it would be like or better, better or better. Here they did not work with that, but Lillis preparatory was better. So the kurses went down 15%. Visst att biotech rör sig mycket, men det här har varit i alla fall Europas största bolag. Men man kan inte klaga på volatiliteten här. Så nu försvann potentialen i ett av de här stora tillväxtstegen. Nyheter i pipeline när deras semaglutid, när patentet går ut här framöver. Har du gjort något i Novo eller vill du säga något? Nej, jag följde aktien här i kraschen.

14:51Funderade på om jag ville ta in den eller inte, men avstod. so it wasn't that clock I felt like that now I sat and had to go on but it was not an affair I was on semester so it was nice to do anything I was a little bit I didn't sit on the screen then it was a good place to cut it I had gotten a little update the last week of a non-broker that it was a big study on the end 20 % up or down now it was on the side you can feel that now it was press on the side Man har svårt att veta hur mycket marknaden har prisat in eller vad de tycker. Märkligt nog så verkar de ha lyckats med någon form av worst case scenario med den här studien.

15:35Nu såg jag att Jeffries var ute och sa att nu måste man börja bredda portföljen, köpa andra grejer. Att deras budget, att de tyckte att de skulle köpa grejer upp till 35 miljarder dollar. so it looks like if someone takes the way that it can be a different company on the way here they've been very interested in that they just want to sit on fetma and diabetes while the understanding of the people out of the way they seem to be on a different spot just now I've been trying to do it a year now that they've been able to build a portfolio I've said it in the pod 100 times I think for that it's blueprint so that all other big companies have done Man har en Blockbuster, en Cash Cow och sen diversifierar man bort sig från den med de intäkterna.

16:24Nova har ju hittills valt att double down på sin Cash Cow. Jag säger inte emot att det måste vara fel. Historiskt, när man tittar hur alla andra stora läkemedelsbolag har byggts upp, så har man inte gjort så. Alla har breddat sig. Titta på AstraZeneca. you can look at all the way all the way look at all the way Lilley all the way all the way Lilley how much they work in everything Alzheimer's cancer you name it yeah but now comes a flash that they will increase the price with up to 50 % on Sempic Vigovie and yes the market is enormous but you can't have an the best product so it will become a good price iskrig här också, uppenbarligen.

17:13Ja, ja. Men jag menar inte att de... Alltså, de ska inte sluta med det de gör. Men jag pratar om att börja göra lite långskott så marknaden kan hänga upp sin hatt på. Att det kan ju bli något, eller det kan bli något, förstår du? Nu har det ju bara kommit i det besvikelser och allting bygger på deras grund. Och är det något folk vill ha så är det liksom något köttben i pipelinen att drömma om. Ja, men allting handlar om att bygga pipe. and now they have a pipe which is not spread, all things are on what they have done and they may have tried to spread to the indication and that's right they should spread the indication so long they can for that it will take time for the mindre players to just come so that they will be able to and then spread the indication it requires muscle for doing it, it costs money and Novo has money for doing it but I still think that they should spread and make a little bit of a review.

18:12I'm going to hold on. Are we ready with Novo? Are we ready? Yes.

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19:05with your tjänstepension. Yes, we sit here and talk about optimizing portfolio and click on a mortgage or look at some cost and find an edge in the market but it's also how many people who let their tjänstepension go down with high value. Yes, and it's really to pay for money in the sky. And if you have to buy it in Avanza, then you can get to over 1 300 so you can get directly in tjänstepension, you can get all the You have the same speed app. So it's a completely different experience. But really. So you have 0 kronor in the first time of the year and 0 % of the year. No. It's the end you pay for the year, the year or the year.

19:51The rest of the money is there. You're right there. Yes, exactly. And then it's just to go in on Avanza.se. If you drive your own own company, you can sign up on 5 minutes with BankID. If you're an an attorney, you'll talk to your company with your company, your HR, and hear what it's like. Exactly. Why it's so useful to see how much cost you have in pension and so on is that it's a risk of the cost. So with these costs, when it's 0 % of the cost of the cost of the cost of the cost of the cost, then you can use it yourself and see the cost of the cost. For it's very many years until you go in pension.

20:28So the small amount of the year, maybe percent per year It gives very big impact on what you get out Yeah, exactly So go in on Avanza.se Let's get more on the loan And above all, see over The whole platform of what you have for loan It's time now Exactly, so do your old I a tian And look at this See over what you have today Look at what the advantages are and stop to break the future of the price to the market. Stort tack, Avanza! And the insurance and insurance insurance is to be able to take advantage of Avanza Pension. But remember, investering in your risk and it's not sure that you'll get back your capital.

21:17We hopped to the company. Here we have Akelius case with Castellum which he has a lot of money. Here he got in his VD from Akelius Paul. Now we have started to start with the company. They started to run on the business, and now they did a big deal of business. They sold most of the business to a new company started by AP-fond. They sold it to premium. These billionaires that they sold for around 5 billion dollars, would they put on to buy a purchase. And that's the market we see. All the fasted-comers have been to buy a business. It's like it's a business that's a business that takes off the business.

22:03And it's right. If you have a purchase, it's like oil company, you think you're billy. Then you can show the market that here we sell things to market price or premium and that we stop in and buy ourselves. It must be the biggest. You don't buy new fastigheter här. Jag äger lite Castellum Kohl's hade köpt lite dyrt nu studsar det ju Castellum väldigt fint på den här nyheten och det kanske kan bli någon form av vändning i fastighetssektorn det har varit en enorm spread mellan Europafastigheter och svenska som jag pratade om i förra veckan och nu gav vi det här lite glädje i sektorn men det är fortfarande väldigt dämpat och det är väl samma sak där.

22:43Fastighetsfonder och utflöden, folk har bränt sig från tidigare i år. Småbolagsfonder They also own fastighets, they have a lot of money. It's a little bit of a lot of affairs. Here you have that AP-fondes come in. They don't come in and run small companies. But they can run fastighetssektorn, temperaturen there. It's not a company that will run out of it. It's not that it will work with a little affair and like that. Do you look at the US-fondes? Have you done anything there? No, not yet. We'll see. You wait on War, that he will triple-sync when he is going to do it? Yes, if it will be so, it's not quite sure.

23:24If he can do it, it will be we see. That he is going to do it or will be going to do it? That he is going to do it. It's not so easy that he can just do it for Trump because Trump wants it. With that said, that he will, that he will, that he will to let the inflation, and so, is it possible. But I wonder if now with the tulles that Trump got on, that he didn't do it. Now he's going to rotate in to use other kryphol to be able to use the tulles and then set new. Because the gamut falls off so he can use them with new. Did you have a lot of space? I think it was extremely weird. It was a little bit of a storm in a teacup.

24:14Alltså range-en till exempel på S &P 500 var ju inte så stor, men det rörde på sig. Förstår jag med dig? Ja, jag tror att ingen riktigt visste hur de skulle agera på den här. Man vet att han kommer bli arg, man vet att han kommer vilja göra på andra sätt. Alla ska stämma den amerikanska staten nu. Räntorna har ju inte gått upp, så hittills tolkar man det inte som att det kommer bli något svart hål, att de måste betala tillbaka alla de här tullarna de har dragit in. Nej, det är ju för att det kommer down the road, för att högsta domstolen gav inget beslut på om de måste betala tillbaka, or not, but they send it to the lägre domstolar and then they will start the process in lägre domstolar and then it will probably be overrated.

24:55So it's a long process. It will take a long time. So it's nothing imminent and just therefore I don't think that the market is going to be able to do it. But budget-runsvotet Trump's driving is quite ordentious if we say so. So we'll see how inflation and inflation take away. Here, it came a BNP-siffra also on Friday. The price was very much less than the expected. Actually, so much less so that you can't listen to the price of the price. It came to 1 ,5 % expected to be 3 % or something. It's a very big deal. Now it's been a government shutdown, so it's probably hard to get together data. etc.

25:42So anything is weird with the number of numbers. Or if it's not true, then it's not all right. It's a little bit like the price is up and the price is up and the price is up. It's probably what people thought about the number of numbers from the beginning. Yes, but the number of numbers if it's true, if it's AI, Capex and Data Center and all things, so if we take AI-delen as a part of BMP, it's very big. Then the rest of the economy that's under it is going to be stagnerated. It's it that's what's been about in so far. It's all that we see on the market. Alls should go to zero out of AI-branschen.

26:14Yes, exactly. It leads us in here soon. Yes, it leads us in on the topic topic. Dels had we PE and all the part we were exponing to. EQT was one of their worst days again here. PE-belg can't own many mjukware companies which have been fantastic before the AI-oron. What say you all about software, AI and P-Bolag? It's not really cool. P-Bolagen has 15 years. Mjukvara has been Holy Grail. The whole of the Kalven. Fina affairesmodeller. Bra kassaflöden. Man can progress long forward in time. It's sticky business. Kunderna kommer betala all evighet. Nu blir det ett frågetecken kring de värderingarna.

27:05Man har leverat de positionerna. man har kört private credit för att låna ut till de här bolagen man äger så har ju private equity gjort så jag tänker ju bara såhär okej om snitttiden på en investering är fem år inom private equity överlag säger vi då, sen finns det de som äger längre och kortare och allt mer, men snittet ligger där någonstans det brukar i alla fall vara den uttalade tidslinjen man tänker sig på ett innehav från att man kliver in ja men tänk då alla affärer som gjordes 2021 I was the ultimate AH when the price was 0 Now the price was higher The price was higher The price has been down And now the AI-reviewed It's a little bit like the last What's good for the inhabitants?

27:49And how do you put bonds On a mjukware company today? What do you pay for? What do you pay for? It's like a liquidation It's like a liquidation It's like a liquidation It's like a liquidation marketer, tillväxt, det har väl inte rört sig än så jag tror att finansieras är kanske inte det största problemet, men det svåraste känns just nu i hur sätter du ett SaaS-bolag på börsen eller hur gör du en transaktion? Jo, men det är massor av de här bolagen som inte tjänar pengar än. Det är ju det. Alltså, vi tittar ju bara på dem på börsen och det är det best and brightest som tjänar pengar och sådana grejer.

28:23Men det finns ju en massa... De har gått ner 50 % på tre månader. Så gör mark to market på alla mjukvarubolag som sitter i WC och P-fonder som inte tjänar pengar än. Det är ju godnatt på de värderingarna. Yeah, in fact it's a sort of worry. Then you don't know where we're at. How do you get into money if they need more money? It's the PFO-fonding themselves who stop in the money. Exactly, and we see Blue Owl in the USA that they've been trying to stay for their fonds. So it's not like that any money comes in. So it's just that PFO-fonding has money to allocate. For it doesn't feel like, at least in this sector, if you have the niche, then it's tough to take capital.

29:12If you want to take capital for oil or finance gruv projects, then you have to buy the money. Yes, so did it not for a few years ago. I look at Microsoft. The price has gone from 50 to 385. The price is down to 30 % since 1 November. It must be one of the biggest The most important thing This has been the most stable The most important thing In the last five years It seems like I don't know if it's a It was a bad report But if it's open AI Oron Or if Excel And all that It should be Or They have seen As an AI-winner Tidigare So it's both In the big and small The small Bolag Yeah Now it's not They're up-opped with OpenAI.

30:02OpenAI needs to take in very much money. They're very much money for to live in front of the world. So there it goes well. But it would not be like Microsoft to be able to take over OpenAI. Yeah, and it will they in so far not do this on this. It seems like both... I think 5 dollars is probably rimbless. Antropic ligger well in the far way now, but both of these companies talk about that they will go to the market so it will be very interesting if it's notary public in the house then you will get XAI with SpaceX you will get Antropic and OpenAI and it seems like that you would want to be a exponer against Antropic but it would be a sinnessy and a value but every time they send out something it was someone who wrote that they would fund themselves through buying puts in all these brands they blogged out that they would want to slow down then they had been super excited.