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-- guess is joining us Don Hodges he co manages the hot -- spending the last hour of trading with us.
If volatility today is down 8% that means nothing to us because we know that this whole year has been extraordinarily volatile what are you watching right now.
We're watching for volatility.
Based on what has happened the last two years there are great buys and the market.
The days to buy them -- the -- is that the computers kicked in and do all other high frequency trading.
-- -- I think you wouldn't wanna file a day like this which you well do you mind there are some stocks it'll have some carry through from here.
But your your odds improve if you're buying on a down day.
Are you worried at all about high frequency trading we just have Leon Cooperman saying in a letter he's very concerned about that I am to it certainly should mention what high frequency trading -- it's on the screen right now in in a fox this is translator but.
-- massive computer program.
At this algorithm Israeli and we don't all have access to that computers making decisions.
Based on minor moves in the market moment I don't stay the quality of the companies involved.
-- that the value -- behind the companies involved does that worry you.
Certainly does it.
It's the market run amok.
Well it is but it also has the retail investor many of our Smart sophisticated.
Well lawful or dreaming of being well off viewers saying well how -- -- -- that people who have been understood in the market for years.
Are getting disenchanted.
With the volatility.
Brought about primarily.
By high frequency trading and ETFs.
-- is right here with us all our and you've come armed with some stock picks right now because that's what people really want they want some ideas I just had.
Somebody say to me the other day you know we you had a featured guest on -- mentioned Verizon I went out bought -- -- they made the case.
What are your picks and you're making the case for them why I am I mentioning you some small cap stocks.
That I thank have extraordinary.
Potential over the next two to three years.
This is the time to pick up some real jewels in the market.
That are legit trading -- ridiculously low price number one pick what is number one pick and would be must solve the trust OK it's a royalty trust.
That owns iron before you also like Krispy -- I like -- -- That -- -- was a high flyer.
In the dot com era and everybody loved it but I I was stunned to see the other day it's up about eleven person well it's it's a great brand it's going international.
They're opening stores in foreign countries.
And they're finally beginning to earn money again in there and they're in good shape financially PE is a little rich it's at twenty but they pay down their debt civil forget them for the -- number two pick his Crocs.
Crocs is another situation much liked it.
Initially they had one product.
Now they have 250.
Different styles of issues.
They're selling internationally.
And growing more internationally.
Then they are domestically.
And they're becoming profitable again we just profile the CEO just about a week and a half ago.
And he came to us live from Denver he showed us the chameleon which changes colors with the temperature but they're also making as you said different -- snow -- they're not just that clunky plastic -- -- absolutely.
And it's a turnaround situation it's got.
It's definitely got some risk but it's not extraordinary potential -- gone we should keep -- you talk because while you were talking the Dow moved a lot -- back above 400 points to the.
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