are you guys watching till raise or just me because till raise up 90% it's about to go to $10 oh my goodness till raise up 91% oh my goodness what is going on with till rate this is the short squeeze of the century till rate is squeezing the shit out of anyone who decided to short it they're getting so squeezed right now wow till raise run guys from $2.50 to now $9.35 in a few days that is the short squeeze of the century that is the short squeeze of the century now if you guys are alive smash that like button because we're alive and interactive and we're alive we were staying alive and we're following the rules staying at home stay at home and just make money trading guys I mean we had three new members joined the academy yesterday we're up to now 27 members worldwide and we're only getting bigger because people are at home and they want to make money so they're trading and look till raise up 91% today want to make money by till ray pretty much by anything right now because unless you been living under a rock the markets exploding again today up 1163 points on the Dow Jones now at 22,300 Dow the Dow Jones up 5.4% S&P 500 up 4.7% Nasdaq up 3.9% Global Dow up 3% so feels good to be right man come on guys smash the like button man we're live we're interactive you know this is this is why we trade man cannabis sectors back I told you guys last week we hit the bottom and clearly hit the bottom you're starting to see everything bounce back now but till ray is definitely leading the way what till raise doing is just mind-boggling till raise up right now 89% at $9 and 50 cents let's see if they break $10 while we're live this is wild absolutely wild hey man cannabis is an essential service cannabis is an essential service what's going on right now is epic we found the bottom in the cannabis sector and stock market is exploding so if you're like me and you're well diversified you're just laughing right now because I'm in on everything I'm in on gold I'm in an oil I'm in in medicinal medical stocks I'm into cannabis I mean right now this is good this is really really good and I'm happy very happy because the markets are strong and even in the worst of times we're just sitting at home and we can make money you can make money by trading there's no reason why you can't be making money right now the markets are going nuts I know people that are messaging me that have made like $10,000 already today more some of them made more than $10,000 already today and I mean lots of people I don't mean one person I mean lots of people are just sitting at home and making money in the markets right now lots of people are sitting at home making money in the markets right now question is what are you doing I'm just chilling I'm letting my money make me money my money is deployed the markets all going up and I'm making money just sitting I woke up today and I was up five grand and I was like yeah this is a good run this is what we call a good run so yeah I want to thank the stock gods for a daily bread remember guys take your profits when you see them and enjoy the ride man we deserve this especially in the cannabis sector because we've been beat up for a year we saw Tilray come from $300 down to two bucks and now they're back to $9 now they are coming back a little bit they're at $9.21 so they're up 83% they did go as high as $9.70 let's see if we retest those highs I'm literally just watching it right now while we're live I'm just watching it I'm watching a trade while we're live watching the indicators the RSI right now is at 63 so I think it is overbought so I wouldn't be buying it at these prices up 84% of the day but you never know I mean this is a massive short squeeze clearly we all don't think we found the bottom well guys you have to remember there's trillions of dollars of stimulus that's coming into America right and we were down 30% in a month and historically anytime we have a catastrophic drop in the market it always comes back the market always rebounds back so I knew the market was gonna come back and when everything was dropping I was buying so now everything is exploded and I'm making a killing and anyone else who was buying when everything dropped is made a killing and when I was listening to guys like for example Mark Cuban Mark Cuban was buying when everything was dropping Mark Cuban was buying and I'm sitting here thinking hmm he's a billionaire he owns a basketball team he's got a lot of billionaire friends he's buying he knows something that I don't know and he's telling everyone he's buying and everything is exploded since he said he was buying so at the end of the day it doesn't matter what people think the reality is when the market goes down 30% it's a buying opportunity guys it's very simple economics it's simple math the market drops 30% it's a buying opportunity you know there's billions of dollars and trillions of dollars in the world there's a lot of rich people and when they see the market drops 30% it's too tempting for them not to buy it's like telling an addict you know there's all these drugs around you but you can't have it put them in a room full of drugs and tell them they can't have it you give a rich person tons of money to sit at home what are they gonna do they're gonna play the markets so the markets are booming so guess what people are at home and the rich are getting richer because they're making money on the markets what I'm saying is true because I'm part of a trading academy and there's tons of members making a killing in the markets so call it a metaphor call it whatever you want but at the end of the day there's people making money in the markets a lot of people and the rich are the ones that play the markets and the middle income and they're making money because the markets are exploding so it's kind of what happens when the markets explode you make money so there's people at home right now that are making a killing the market hasn't you know just because the fact that there's a coronavirus it hasn't affected the way people look at the markets because people need to make money and when people need to make money they're gonna play stocks because they're at home and they can't do anything else so guess what they're gonna do they're gonna play the stock market and if the Fed pumps the markets and people are making a ton of money at home then nobody's really gonna complain are you complaining that Tilray is running up 80 90% in the day I don't think you're gonna complain it's people making money on that right wow look to raise coming down now now to raise up 74% it's at 875 so some wild moves wild wild wild moves or Tilray wild moves what I tell you guys I said the RSI was overbought and now it's coming down I just called that trade for you guys I was a good short but I wasn't I'm not gonna short it but it was looked overbought on the RSI now the RSI right now is at 55 so still a little bit overbought but I could see coming back up from these levels we'll see probably might go down even more we'll see it's kind of in between it's at 850 right now it's up 69% on the day so whether it's being shorted or whether people are taking profits whether it's funders insiders that are selling let's see where it goes from here with an RSI right now of 55 hey guys smash the like button if you're live smash that like button if you're alive and what do you think about the fact that Tilray is making a crazy move are you buying Tilray do you own Tilray if you bought Tilray did you sell it it's starting to come back down now turn my phone am I silenced for you guys Tilray is falling now it's at 839 up 65% 832 interesting I'm just watching the indicator so the RSI right now on Tilray is at 55 it's at 843 up 67% let's see if it turns around and goes on another run or if it comes back down and if there's anything that you guys think that you should be buying please let me know now some stocks that have been screaming that I'm not really a big fan of but they're going up anyways our airlines like straight up airlines cruise lines are going bonkers Boeing's been going bonkers Carnival cruise lines American Airlines like a lot of a lot of things have been going bonkers but I won't touch them because I can't see why I'm gonna buy an airline that isn't making money not really my style don't see how they're gonna even be in business other than a bailout so why am I gonna buy something just not my style but Tilray starting to come down now now at 818 up 62% on the day 823 827 see if it turns around RSI is at 52 so the RSI keeps falling so it's kind of right in between that RSI I like to sell or short when the RSI is over 70 and I like to buy when the RSI is under 30 right now the RSI is around 52 so it's right in the middle so I wouldn't be buying it at these prices because it could go either way really but yeah huge move for Tilray today leading the way in the cannabis sector just mind boggling and then there's Hexo I'm a shareholder of Hexo huge move for Hexo up 48% for Hexo thank you for the picks what else is flying today would you say there Hexo and what else Planet 13 Planet 13 let's go Planet 13 up 5% alright nothing huge but it's up yeah I would stay away from anything like an airline or cruise line company that is going to be reporting brutal earnings yes they're going up right now I think so that they built such a cushion so that when they do come down they're gonna be so high up that it won't hurt as much but eventually when they do come down I don't want to be holding those stocks so I personally won't touch them but if you want to day trade them and scout them they might be really good right now they're doing extremely well but just not my style it's not my style to buy a company that I think could go down even if it is going up short-term I just don't want to be stock holding that stock now if it looks like Tilray's turning the corner again starting to go back up let's see here so the RSI is at 43 so might be signaling a buying opportunity here on Tilray and we might see it start to climb up again here let's watch this starting to turn it came it went up Michelle says I will not touch airlines I would have to sleep with both or one eye open no I know and I don't I don't like that stress yeah Tilray start to climb back up look at this now they're at 851 up 69% so that that dip and it seems like they're starting to climb back up right now 854 up 69% let's see if they go back up to nine or ten dollars what a crazy run for Tilray though a up 69% up 70% 859 let's see if oh 860 861 huge volume on Tilray 40 million shares wild just wild people actually think the world is flat yes baby's having a monster day this is just opportunities everywhere today just a monster day all over the markets today congratulations to everybody on this unbelievable bounce back in the market congratulations everyone on this unbelievable bounce back in the market and we deserve it especially in the cannabis sector because we've been bleeding for an entire year at some point we were going to find the bottom last week I did announce that we found the bottom so I'm not surprised with what we're seeing right now where we're literally seeing stocks that haven't moved till right now at 860 up back to 857 862 it's bouncing all over the place bouncing all over the place up 70% right now 863 it's just wild right now with Tilray so yeah so it's been a crazy crazy run right now guys crazy run in the markets Nama stays up 11% so it's nice to see moves in the market like this it's been a long time and anyone that's been a cannabis stock investor that's holding like me you're starting to see your account balance back up a little bit so it's a little bit nice to see and I want to see more I want to see more Tilray back down to 840 up 66% so it seems like they're starting to get a little bit of resistance right now but hell they're up 66% you know what I mean like you got to get resistance at some point yo what's up Stephen how you doing brother thank you man I appreciate your support man thank you for smashing that like button man I appreciate you guys none of this would be possible without you guys man we've got a great community here every day all day like I'm trading and whether it be stocks or forex or gold or oil I'm doing it all man and I've got a trading Academy now and I got so many members that are joining and it's growing so fast last night I didn't go to sleep till 2 and then market opens up at 6 for me so I like woke up at like 7 this morning and I and I look and I'm like oh my god it's green and I was like thank you stock gods thank you then I would have looked at my account I was like oh my god I'm up another 5 grand thank you stock god even Zenivus is up today even Zenivus then I look at Tilray and I'm like what the hell Tilray damn so yeah that's where we're at now we're live so yeah it's a good day man I know everyone's calling ACB junk and everyone's calling Tilray junk and everyone's calling it all junk and everyone's like are you selling your stocks I'm like no why are we going to sell them let's sell in the red I'm just gonna wait it out man I'm gonna sell my stocks for why am I gonna sell my stocks in the red so yeah now they're coming back so I'm not surprised they're not going to just kill the entire sector they want to see the best you know looks like Tilray is gonna be a part of that we can go till it was looking like it was headed to be trash that's the crazy thing about the markets it's like a casino at your house so yeah THCX is doing well so a lot of companies doing well right so very very marvelous day the cannabis ETF THCX of 15% nice pick I like it THCX New York Stock Exchange cannabis ETF very good pick just don't like the volume 39,000 shares it's a little weird a small volume I like higher FD volume wow so many moves in the markets today like it's just it's crazy it's wild like right now it's wild these markets are wild just wild wow Zenibus is screaming what is going on I feel like I'm in the Twilight Zone everything is screaming wow Zenibus at 11 and a half cents up 27% thank you star gods please keep going up please if it a possibility says Tilray going back to 300 no Tilray's not going back to 300 that's just ridiculous free money man no work gotta make money trading when there's no when there's no work gotta make money trading man so thank you star gods for daily bread and thank you for these winnings and hopefully they continue but today is a day when we see this much green you have to consider selling you have to you have to but yeah it's good to see the cannabis sector back again and and well and strong and I honestly think this is just the beginning I think we have a long ways to go I mean from the highs of last year cannabis is literally down 90% so this little bounce back it's nothing we got such a long way it just they needed to adjust and get to prices that were more realistic that could be justified now they've backed the prices that are more justifiable now that they're more justifiable there's a business opportunity there's an investing opportunity the market's starting to run again and people are taking that opportunity so you shouldn't be surprised with what's happening in cannabis what I'm surprised about is that nobody's really recognizing it so many people are focused on the coronavirus they're not trying to educate the people make you realize that you can make money in any market you can make money in a bad market you can make money in a recession you can make money in a depression you might be able to make more money in a recession and a depression I know there's a lot of people that are making more money right now in a recession and in a depression funny how it works crazy at times right markets are crazy right now how many years do I think it will take for ACB and CGC to hit those highs again it could hit those highs this year can hit those highs this year it's gone down that much in one year that means it could go up that much in one year who's to say I'm not the one that makes those calls it's those very very very rich elite people yeah they're the ones that make those calls they decide when all right let's flip the switch everybody buy it up now boys ladies and gentlemen it's time to buy buy buy buy and then when it's time to sell all right boys and girls it's gone way too high it's time to short short short short so that's the beauty of being in my own trading academy now I can make money up I can make money down I can buy gold I can buy I'm not even trading right now because I don't really have to I'm holding a lot of positions that I believe in and they're all going up so I don't really got to trade I just chillin I'm just chilling right now especially when my cannabis stocks I've been holding those so long when they were down now that they're going up I'm not in a rush to sell them so I think there's a long ways to go like if you been in the cannabis sector you like me you know that there's a long ways to go up a long ways to go up from here like a long ways to go up from here but you got to invest in the best companies you know just because a company is making a move I think Tilray has a chance to be one of the best but just because Tilray is making a move doesn't make them the best that's a fact it just makes them the best today you know hex was a 46% that doesn't make them the best it just makes them the best today you know that's kind of the markets right when the market was down everybody was crying and they never thought we'd see green again now we're screaming in green and pretty soon people are gonna think we're never gonna see red again we will see red again and we'll see a lot of red again there's going to be bad days ahead we know this but we also know that the Federal Reserve has a massive stimulus package in Canada the United States and all over the world the governments are pumping money into the markets to sustain the market so you have to assume that the markets are also have going to have an opportunity to go higher when there's so much money being put into the market it's a simple numbers game when you've got that much buying pressure at some point you know that things are gonna go up and when things go down that's a great time for people to buy and when things go up it's a great time for people to sell and that's what's happening so what I do is I listen to the experts and I listen to the billionaires and that's what I've really been learning in my academy and if you'd like to learn how to trade you could join my trading academy and you can literally be making money 24 hours a day from home I know there's members right now that are not working and all they're doing is trading and they're making thousands of dollars a day trading from home trading top 30 US companies up and down depending on where the markets going that day they're trading for us so you know I'm trading equities and I'm trading with my trading academy so trading the whole market and the market swings right now are wild just wild like right now totally starting to come back down it's up at 61% on the day see I wouldn't chase a stock that's up 62% of the day it's not my style but it's definitely interesting to watch it and if you're in on it to see where it's gonna go and decide where is the exit strategy clearly it went up as high as 8 970 now it's back down to 819 you know I would have definitely if I was holding till ray which I'm not I would definitely got out at 970 you know to see it go from 2 bucks to 970 that's a magical run so don't be greedy when you're a trader you know by low when you see profits take them and when you're up 10% or more you should always have your finger on the trigger thinking about selling what do I think about NBDR you know I think it's a penny stock I think it has a potential it's risky penny stocks are risky but you know there's money to be made there for sure you know the key with any stock is to buy low sell high I'm not chasing anything the green not to say I haven't chased in the green but I try not to try to buy companies in the red try to watch them try to stock them try to buy them in the red and then when I see nice returns I see a nice return on my investment that's when I sell that's my style it works for me it doesn't always work because when in the past when I was in the cannabis sector and really focused a lot of my resources there and the entire sector crashed I got really badly hurt in November I started diversifying I joined my trading academy which is now 120 countries worldwide there's a hundred thousand members and now we have 27 members within our own community in our trading academy in rich TV live and they're starting to make money and they're starting to learn how to trade and the trading from home so while the market is like booming and people are at home there's members at home right now making money and I just had new members join yesterday three new members have joined yesterday and I'd love to have more you know and I'd love to just work with you guys and trade so it's amazing it's amazing situation and when you can really tap into the opportunities that exist in this world because we don't have to sit there at home and suffer we don't need to sit at home and struggle we don't need to sit at home and and financially just die we can make money you know you have to act you got to make a decision what are you gonna do while you're at home are you gonna buy stocks are you gonna trade are you gonna learn from experts these are things you have to consider what is your plan you're stuck at home what is your plan I'm busy I got things to do all the time I'm never at a shortage of things to do like my phone is ringing off the hook whether I'm trading through my trading academy whether I'm doing videos whether I'm doing client interviews CEO interviews I'm always busy like I know free time even though I'm home so put yourself in that situation find something to do don't just sit at home and be useless for two weeks watching Netflix I think that that's a mistake I just I can't do it I just I will go nuts I literally would go nuts so I really love the fact that we have the cannabis sector that we have the stock market that we have the gold market that we have oil that we have forex that we have indexes so I can still make money and keep myself occupied and this stock market is like the best video game the best movie I could ever see I love it I love what's going on right now thank you guys for the likes I appreciate you guys thank you why is it doing that man so dumb happy account today brother hey man I'm happy for you man we need more days like this oh the market is a game and once you realize it's a game and you learn how to win that's when you beat the game the market is a game but you got to learn how to mitigate your risk you got to put stop losses you got to invest in the best companies and you have to understand when to buy low and when to sell high and believe me it's a game it's a big game it is a business but it's a business and it's a game it's addictive games are addictive stock market's a game it's addictive it's like the casino casino is addictive you want to just sit there and play all day long especially when you're winning so right now there's a lot of members that are just stacking stacking stacking stacking look at Torah Torah is coming back down now Torah now is at 787 up 56 percent let's look at the RSI the RSI is that 30 is becoming now very oversold so at some point there may be a buying opportunity here for Torah now I wouldn't personally buy anything up 57 percent but it's starting to get oversold on the RSI so it might bounce back it's at 795 of 57 percent let's see it's gonna bounce back from these levels or will it come back down how come top investors don't say that hey man everybody has their own opinion everybody has their own opinion everybody has their own opinion if you want to learn you got open up your mind more bro like you can't be so stuck in a pigeonhole and think you're going to learn the only way to learn is to expand yourself to put yourself in uncomfortable situations when you put yourself in uncomfortable situations that's when you learn in November when I started in the trading Academy I started trading gold for my first time ever like I bought gold stocks but I never traded gold I started trading gold I started trading oil I started trading well I've always traded Bitcoin but I trading Bitcoin to I started trading forex for the first time that was taking me out of my comfort zone I started watching the entire world market started understanding how much money was flowing through forex which is way more than the stock market started seeing how much money was flowing into gold silver palladium precious metals oil it was mind-boggling was like a whole world of opportunities opened up to me and I was like oh my god I was buying just cannabis now I can buy everything and it's like wow the world just opened and it was like mind-boggling and till right now back up to 806 this is why you got to watch the indicators guys got to watch the indicators and tell me right now they're RSI 38 so they bounce from a 32 RSI to a 38 RSI and now they're 809 up 60% so it's starting to climb back up but like I said I'm not gonna sit here and intricate intraday trade something up 60% it's not really my style because at any point I'm sure come here and start shorting but it is starting to climb from those levels it's at 810 right now up 60% but still 812 you know might make another rally here up again so we'll see but like I said I'm not an intraday trade them personally I'm not gonna tell you not to you can do whatever you want another great day in the stock market Dow Jones up 1000 points again seems like it's becoming just the normal thing for the Dow Jones to be up a thousand points a day what a crazy world and till ray up 61% till raise up 61% all the cannabis stocks are exploding today hexos up 44% even Aurora is up all the cannabis stocks are up today till ray right now is 823 guys up 63% so if you read your indicators you guys will learn how to actually buy and sell stocks based on the indicators till we right now at 825 829 starting to scream again so it hit that bottom on the RSI RSI now is at 25 so just interesting how these markets go yeah brother compound RSI and the Bollinger's brother I like the RSI the Bollinger's and the moving averages I'm those are my three babies that I build into all my indicators and that's my trade man when the RSI is over 70 I'm shorting when the RSI is under 30 I'm buying when the moving averages the blue line is underneath me and I'm over 70 on the RSI I'm selling when the blue line is above me and I'm underneath 30 I'm buying on the RSI obviously I need to love what I want to buy you have to invest in the best right you want to make sure you're investing in the best companies but those are the rules and then what I try to do is I like to see I like to see the stock go through the blue line like to see it go through the moving averages because the moving averages works as a magnet so you run through the moving averages up and down between those RSI so that's just why the makers playing games in between the lines so once you realize that this is a game you will actually play it better do the indicators ever screw you over yeah well sometimes indicators remember just indicators they don't predict news so the indicators are going to help you but 80 percent of the time that's why you can't over trade once in a while you're going to lose based on the indicators because stocks are going to go up and down based on momentum based on news based on insider selling based on current events there's so many different things that could happen that can make the market go up or down and do erratic swings which is going to happen 10 to 20 percent of the time but 80 percent of the time you're going to notice the stock is going to trade within a zone it's going to trade up and down within a zone and now that I'm in my own trading academy and I have 120 mentors teaching me every day and our team I'm learning so much more about the indicators how to use them how to how to look for setups in the market how to make the right trades at the right time whether you're a day trader or scalper or long-term investor there's certain things that you need to look for how do you stop losses to protect yourself how do you stop losses to protect your equity these are the things that great traders talk about it's not about whether it's a game or whether it's a business that doesn't mean anything when it comes to winning in the markets it's about your strategy are you investing in the best companies are you buying low are you selling high what is your strategy to take profits when you're up what is your strategy when you're down that's the markets it's really simple so if you invest in the best companies in the beginning you don't have to worry about anything you can just sit back and chill because you're going to be making money over time regardless but when you invest in trash companies you don't give yourself a chance to win look I just told you guys that on the RSI Tilray hit 32 and that was a buying opportunity Tilray ran from 795 it's now at 844 so it's already gone up intraday I just told you guys that was a good trade there but I wouldn't take it because I don't want to trade something that's up 60% but you just did a nice trade from 795 to 842 right now you would have taken off the table about 10% you could have scouted about 10% in like 10 minutes these are the opportunities that present themselves in the market every day when you learn how to scout how to day trade had a momentum trade had a short trade you can make a ton of money from home you don't have to worry about the fact that you're not working you can make more money than you do at your job trading I got members in my trading Academy making thousands of dollars a day that started a couple months ago I got brand new members that started a week ago making 100 bucks a day right now they just started so anybody can do it anybody can trade you have to you have to have a strategy as a trader you have to have a strategy as a trader I trade six days a week the only day I don't trade is Saturdays I trade Sunday to Friday six days a week I trade and I'm teaching members within our trading Academy and within Rich TV live how to trade six days a week I'm giving picks six days a week I'm giving trades six days a week and I'm educating and teaching and helping members and learning myself as a student to how to trading how to get better trading every single day I think trading is a skill just like going to the gym and working out and getting better at you know gymnastics or soccer or baseball or gambling or playing cards it's a skill you know you can't say that the best card players in the world are just lucky they're skilled it's a skill you develop that skill over time you need training you need time you need to learn lessons good and bad everybody goes through that that's the markets but through it eventually you try to find a strategy that works for you and once you find that strategy that works for you develop that skill some people that develop the skill become multi-multi-millionaire some of them become billionaires just by trading right so there's opportunities out there for a lot of people that are willing to take it I'm not the type of guy that's just gonna sit at home and just do nothing for $200 a month you could have your own trading Academy you could be making money and you can have traders giving you trade ideas every single day that you could be copy trading and making money on and you could be making money just on your phone pressing buttons every single day why are you gonna just sit there and watch Netflix I mean that's the last thing I'm gonna do I won't be a zombie for nobody I'm not gonna be a zombie for nobody I don't take anything up the watch list I just build the watch list because you just never know when something's gonna make a move and when things start making moves that's your time to buy you know I had people that were arguing with me last week and I was like we found the bottom for the cannabis stocks and people are arguing me I'm bare on the cannabis stocks I wouldn't touch that crap I'm like well this is the time to buy them they're moving you want to buy them when they're moving when they stop moving ghetto but right now they're all moving so if you want to make money in cannabis now's the time because they're moving you don't want to wait until they stop moving to buy that doesn't make sense now is the time to act right now because they're moving now is the time to act now is the time to make money in cannabis stocks clearly over the last year was not the time to make money in cannabis stocks because they weren't moving unless you were shorting but now they're moving so now's the time to make money in cannabis stocks so I find it kind of funny when people try to say oh I won't touch cannabis stocks they're trash I'm like well they're exploding right now so now's the time to make money in cannabis stocks well I think everyone I constantly tell everyone to sell in the green whenever you're up 10% or more you should always be thinking about selling once you're up 15% keep your take profit at 10% once you get up 20% you should be thinking about taking profit at 15% once you're up 25% you should be taking profit 20% that way you can squeeze all the juice out of the market don't let a stock that you're up like 50% go back down to 10% then sell if you're at 50% you should at the very least be selling at 45% never ever ever be up 50% on a stock and then let it come back down if you're up 50% on a stock you should have your take profit at 45% you should never ever ever ever ever leave money on the table unless you really believe in the company and you want to hold it long term and you think it's going to go higher then sure but if you're looking to make money then you need to take it off the table you need to take it off the table you need to take it off the table it's a fact it's a fact it's the way the markets work the Dow Jones up 1,077 basis points 5% what a sight for sore eyes should you sell your FLT I'm gonna be honest with you guys take your profits stay in cash wait for opportunities I'm not gonna tell you what to sell and what to buy that's up to you but I tell you guys that when you're up 10% or more you should always be thinking about selling like I was up on balance today over $2,000 I thought about selling I didn't and then it came back down you know what I mean I'm still up but I believe in the company so it was hard for me to sell it because I'm just like I really believe it's gonna go higher it was at 247 I could have sold and I would have been it made over $2,200 in a day because I bought it yesterday I had some before but I bought more yesterday in a day or two couple days less than a week I would have made two grand in retrospect yeah probably I should have sold it but you know at the time I didn't know was gonna come down and I still believe it's gonna go higher I think it could go to four bucks if it goes to four bucks my 10 grand I invest it'll be worth 20 G's I'll make 10 grand so yeah I left two grand on the table but if it goes to four bucks in the next month I could make an extra eighth so I had to weigh out the options there and I really believe that so I held it but I might regret it I might regret it there's always a possibility we'll see time will tell infinite possibility says I'm not looking for a few thousand dollars I'm looking for a few million in order to make a few million you got to start with a few thousand my friend that's the way it works crawl walk run and anything is possible and if you really want to learn how to trade I suggest you learn through a trading academy because since I joined the trading academy it's getting easier and easier and easier compound interest says a thousand times a thousand is a million compound well said my friend very well said my infinite possibility says but millions is possible if you buy half a million shares of a penny stock and wait till it goes to 10 bucks yeah it is but 99.9% of penny stocks fail did you know that statistic so you could be waiting for the rest of your life my friend so I don't think that that's the way to get rich I think if you want to get rich you need to invest in the best I'd stay away from the penny stocks penny stocks are trash when do I feel babies going to explode I was gonna buy baby yesterday and I hesitated and I'm really kicking myself because they're having a great day today I think babies a buy under a buck I do I was telling you guys that baby was gonna go a dollar when it was a 30 cents you know it went to way over a dollar now it's under a dollar I think baby is a buy but you know I was hoping I could get it a 40 cents and it didn't go there so you know that's the markets you got opportunities everywhere you just try to decide which one it's like it's like being in the dating game and you got beautiful women around everywhere and they're all tens and you're like what do you do I want to buy baby I want to buy Valens I want to buy labs you know I want to buy visa I want to buy MasterCard I want to buy American Express what do I do wait for a red day wait for a red day I know Suniva's trash I own Suniva and they have major problems I wouldn't be buying Suniva I would stay away do not buy Suniva they have major major money issues they owe my friends millions if it impossibly says what about Tim Sykes millionaire in three years started with 1500 no he started with 10 grand actually and I know Timothy Sykes very well and he knows me Timothy Sykes is a shorter my friend he doesn't buy cannabis penny stocks he's a shorter he made his millions by shorting stocks shorting penny stocks because penny stocks go down and the reason why they go down is because they don't make enough money so they're constantly printing shares and selling them to raise money they sell them through I'm not gonna get into it but what they do is they issue them to insiders consultants employees lawyers and themselves and board members and they issue shares for services and that creates dilution in the market that creates selling pressure and that brings the price down that's why small stocks and penny stocks 99.9% of them go down yo cute Christian trader what's up brother I hear you had another monster day my friend congratulations bro I want to trade with you man I want to trade with you in the academy I want to open up your mind bro I want to open up your world bro because I know you make in loop so let's make even more loop man yeah let's smash that like for the green day brother hey man 48 likes I love you guys man you guys are the bomb man love it I buddy I know you're coming man I can't wait to trade with you brother I can't wait to trade with you man I just I'm just just I just want you to get your mind blown because my mind's blown right sometimes I have a hard trouble like getting away from the trading like I can't even do these videos because there's so much stuff going on right now like right now I'm thinking about my portfolio and there's so much stuff going on so it's like it's hard like it was hard for me this morning to even go live I didn't even want to not gonna lie to you because like the market is so amazing right now there are so many opportunities in the market right now it's unbelievable yes I like Marvel I do like Marvel MRVL is a beast hey man I would love to get you in the academy man just email me rich TV live at gmail.com you will love it believe me a Q cushion trader man I'm glad to help you brother anything I can do to help you man and the thing is I like the fact that you're buying big stocks like Visa Mastercard American Express those are the big three and they've had a monster week the big three even Warren Buffett owns those three a even Warren Buffett owns those three Visa Mastercard American Express did you know I had people telling me when I did my top ten for March and even though everything is crashed Visa Mastercard right back up again so it's pretty awesome and American Express I had people telling me that I was wrong to tell people to buy stocks when the market was crashing and everyone should be in cash and I don't know what I'm talking about and I said historically the stock market when it crashes like this it always comes back what makes you think it's not gonna come back now historically the stock market has always come back what makes you think it's not gonna come back now because of a flu so I was the one that was telling everyone first when out nobody was listening about the coronavirus now people are trying to tell me what the coronavirus is gonna do to the market that's kind of funny I was the one telling everyone how the coronavirus was gonna affect the market then it affected the market we had a massive crash of 30% that was the crash what crash are you waiting for 30% is a massive crash it's a historic crash like it's only happened that much in history a few times maybe like five times in the history of the stock market that was the crash what crash are you waiting for that was the crash like just don't like people are just too far behind you got to be a couple steps ahead you can't be a couple steps behind that was the buying opportunity what firing opportunity are you waiting for we just had a 30% drop that's the buying opportunity like just look at history look at the last crash in 2008 since then we've been in a bull market for 11 years we've been in a bull market for 11 years after the last crash do you think we're not gonna have another bull market coming through this with trillions of dollars being pumped into the market you think we're not gonna have a bull market like people are just a couple steps back behind man you guys are couple steps behind it's okay you'll learn I was a couple steps ahead of the whole world with the coronavirus I told everybody and when we had that big crash and everything dropped 30% I was buying I had people saying to me I had people within my community that were here every day that said rich I unsubscribed because I think what you're doing is irresponsible people are gonna lose all their money and I said hey that's your opinion I think people are gonna make a killing and guess what what happened what happened we hit a bottom markets are exploding cannabis stocks are exploding big boards are exploding gold is exploding oil isn't exploding yet but oil will explode and when it does I'm gonna be here to tell you hey guys who told you to buy oil at the bottom just saying you know just saying man just saying stay away from Geneva man Geneva is junk they owe my friends millions if you're gonna jump in a crash buy a visa buy a mastercard buy an American Express you know buy the best protect your money you know buy gold gold is a safe haven you know when oil hits all-time lows you got to think about buying something at all-time lows you know when gas is cheap at the pump when gas is cheap at the pump what do you do here in Vancouver during the day gas is expensive at night gas goes up sorry gas goes down because there's nobody on the road so at nighttime when the gas price goes down that's when you buy the gas in the morning during the day when everybody's driving everyone's on the road gas prices go up so nobody ever pumps gas during the day everybody pumps gas at night the only time you pump gas during the day is when you run out of gas and you're kind of like last minute but usually I know for me I like to pump my gas at night because at night the price goes down it's like the stock market when you started knowing there's a trend and you know okay Tilray is the lowest it's ever been it IPO'd at 17 bucks and now it's at two it's never been this low in the history of Tilray well guess what bam Tilray explodes shorts get squeezed and investors make money that's the game so if you don't think this is a game you shouldn't be trading the stock market is a game but it's also a very serious deadly game if you don't know what you're doing but it can also be a hugely lucrative game where if you learn how to win you can become extremely wealthy generational wealth is possible there were people that bought the dip that made billions billions there are people that shorted the all-time highs that made billions there are people that shorted the 29k down that made billions they shorted the all-time high and then when we went from a 29k down to 18 that was the buying opportunity that's when guys like Mark Cuban were going around and telling everyone he was buying and I'm sitting here going you know if Mark Cuban is buying I'm buying so I started buying and sitting back just watching everything go up and I'm like this is glorious this is what glory feels like this is what glory feels like if I wanted to know what glory feels like it would feel like this it would look like this and feel like this the oil stock that I mean is called oil it's an oil ETF it's at five bucks around five bucks ipath B S&P GSCI crude oil TR ENT ENT it's at $4.75 I think it's really cheap and it's down 5% today I got in at 442 which was the all-time low I literally bought this at the all-time low 442 it's all-time high for the year is $13.59 so my bet is that if oil jumps back up to 40 or 50 bucks I'm gonna be able to sell this at $10 I have a thousand shares so I'm betting that oil is gonna go up at some point and when it does I will sell this so I'm not looking to scalp this at five bucks six bucks I'm looking to sell this at around $10 so I'm just I'm happy with that trade you know I'm very happy with the trade because I bought it at you know 52 week low now yeah it could go lower if it does I might buy more because I feel like oil at some point will scream up and when it does I will take my money JT says I've been shorting the market is F I'm getting wrecked yeah you don't want to short the market like this because you're shorting against trillions of dollars of stimulus be careful with ETS rich there's theta decay on ETFs like oil Jnug I like the ETFs bro I like the ETFs it's just I'm not too worried about being careful I like the ETFs I like the upside I like the downside I like the when you make a good play I like the opportunity to return to my investment to raise going back up by the way guys it hits 790 area and now it's back up to 858 up 70% is to ray hexo up 48% right now let's look at Aurora see what Aurora cannabis is doing I haven't looked at a run so long it's just like the stock that is just there yeah even our is up 26% oh my god there it is Aurora is up 26% there it is finally finally 23% now Aurora is up 23% so right when everybody was calling a trash right when everybody was saying was garbage right when everyone was saying that it was going to go bankrupt now it's up 23% do you see how it works do you see how that works funny how it works APHA quietly secretly going up 20% Afria up 17% wow cannabis sectors just blowing up it's funny I called the bottom last week I called the bottom last week I guess I was right again and let's take a look at can be growth are they back to $20 in Canada wow they're back to $22 in Canada unbelievable wow wow wow wow guys they were at 12 bucks ready for this they're at 12 bucks two weeks ago now they're $22 you could have made almost a hundred percent on canopy growth in two weeks this is the time to buy the cannabis stocks clearly because they're going up this is the time guys there's never been a better time in the last year the cannabis stocks right now are screaming Aurora screaming canopy growth is screaming after you're screaming till raise screaming they're screaming guys I mean this is the time truly up 6% see where C web is C web 12% like moves everywhere guys let's see village farms all I see is green guys all I see is green green green no matter what village farms up 23% oh my goodness everything is blowing up let's take a look at some of the big boys in America II PR innovative industrial properties up 14% oh my goodness another one of my picks another one of the rich picks I PR and how about GWPH another one of my picks that I absolutely love Beast in America they are up 1% now back to $90 after they were temporarily crushed they're starting to get back to a hundred and they will go over a hundred and Scott's milk will grow is back over a hundred they went under a hundred temporarily they went as low as 76 bucks they're back to a hundred and seven so the cannabis sector is back it's back it's back it's so exciting wow huge is up 30% today there's moves all over the cannabis sector today and obviously there's moves all over the world today everything is up markets are booming everything's up the only thing that's down is oil everything is up visas up master cards up Zenibus is up village farms is up Aurora is up Africa is up to raise up II PR is up but amazing time for cannabis stocks right now balance grows up 4% just everything just doing so well today so well except for oil which could be a buying opportunity on oil and the sqqqq short ETF is getting merked it's down to 20 bucks down 11% so might be a time to consider getting positioned to that guys to raise jumping back up again it's starting to scream again guys wow the RSI is at 85 so it's probably overbought again but it's up 73% at 875 so I wouldn't be surprised to see it come back down now because the RSI is screaming at 85 so it's definitely overbought so 75 region of 73% let's see if we can see it go back down to $8 or 850 because it looks overbought right now or it might just keep screaming we'll see Ivan says I bought a load of the Africa 350 good job brother yeah Aurora is screaming man Aurora screaming all the cannabis stocks are absolutely screaming from their bottoms and the fact that they're considered essential services is helping I think that that's huge the fact that their essential services is absolutely huge today's the day if you're in the cannabis sector and you're up big today's the day you have to think about selling no man Tilray is not going to 300 man there's no way shape or form that Tilray ever goes back to 300 it's not happening there's no way shape or form that Tilray goes back to 300 that was a a blip in the radar my friend it will never happen again yeah I'm looking at the short-term time frame I look more in a short-term time frame actually no I mean the one hour time time frame so on the one hour the RSI is at 85 can I see Aurora go to a hundred not yet not anytime soon compound intra stock guy says maybe in 10 to 20 years Tilray will be 300 who knows with that printing money yeah maybe yeah I agree with that it's gonna take a long time it's not gonna happen anytime soon yeah you got to take profit because you know this is a huge run-up and we just don't know if this will continue you have to at least think about taking profit I hope it continues I'm holding all my cannabis stocks right so I hope it continues but we just don't know if it will I hope it does but we don't know if it will so if you are up you have to at least consider taking profit in my opinion that's my opinion but hey that's just me I'm just one person your mama says essential services implemented for cannabis so Fed didn't have to bail out LPs yeah and you know what the Fed wants to keep as many businesses going as possible because that's less people to bail out think about that so what I'm hearing is there's about 30% of people that are still working all across the world 30% of the people are still working Tilray is coming down from what I told you they're now at 869 867 up 72% because they hit that really high level on the RSI so I wouldn't be surprised to see them come back down but they might continue to scream we'll see I'll keep you updated as they're very bullish right now a lot of buying pressure it's crazy but I wouldn't be chasing anything up 73% it's nuts our size Mj up 10% nice and why I'm up 9% nice but is a good company 46 bucks hey thanks for sharing brother Miroslav says did you hear Trump has a huge announcement on April 12th I wonder what it is oh now you're getting me excited now you're getting me excited I didn't even know about that all right guys listen I'm gonna run I want to go back to do some trading right now we've been live for an hour if there's anything else that's happening that's live interactive that I gotta bring to you I will thank you guys for watching remember if you're not winning you're not watching take your profits take your money and run by low sell high congratulations cannabis stocks are back thank God thank you stock us for daily bread thank you for finally bringing us some winners again we needed this and like I said if there's any big breaking news that's coming or happening I will let you guys know and congratulations for all the winners once again I'll just let you know that the Dow Jones up 1,122 points 5.29% wow S&P 500 up 122 points 4.93% Nasdaq up 307 points 4.17% global Dow up 86 points 3.58% gold up 16 points 1% and oil is down $1 18 cents 4.82% I think that's buying opportunity for gold that's just me hey you're boy rich or rich to be live you're not winning you're not watching we bring you the winners and we bring them to you first it's true you're boy rich or rich to be live in an epic day epic green day didn't like that all week I'm out


What's up everybody, Jason here for jasperes.com doing some more personal on our last hour of jasperescasebreaks.com YouTube stream and Kevin and our YouTube stream got two personal boxes got a 2017 Donner's Optic retail box chasing Patrick Mahomes and one 1819 prism choice Chasing Luca Donters and Trey Young and that very very nice 2018 draft class. We're gonna do this box last We'll start off with Optic first. So good luck Get some patty Mahomes and again guys you guys can purchase personals with us here on Jasperes.com for the last hour of our broadcast So it's actually 901 so you guys have about an hour left to do some personals with me And again, we set plenty of time to do some group breaks as well on our website jasperescasebreaks.com If not, I'll be back tomorrow back to my normal Instagram days from three to ten on Instagram follow us at Jasperes Bricks And again Joe be back to normal on this Tuesday through Saturday schedule for Jasperes case breaks I'll be going live early Wednesday and Friday for the new releases for all of the tribute And I'll be back again here on YouTube on my normal Sundays and Mondays Yeah, I'll give it a shot. I'll give it a shot. I can see I'll tell nigga we can find some more Famous James Alvin Kamar rookie Solomon Thomas John Ross Chris Godwin allusions John Ross To one Taylor you have captain comebacks Roger Stabak Kuber cup And Nathan Peterman We got a hollow coming up and it's a Dishon Watson not a bad one to get if it's not Patrick Mahomes.  Very nice Well, no Patty Mahomes, but a nice Dishon Watson hollow And a couple of good raider rookies as well All right, man, cool does your first box and now we're going to the big mama box. Good luck, man Choice let's get that man right here to the left. That's a good way to start off Silver rookie and we got Lonnie Walker. Okay Another raider another rookie hollow I'm sorry rookie silver Alonzo Trader. Actually, we got a redemption and we got had one more Pelicans to 88 and your tiger stripe is Brandon Knight love these tiger stripes All right, a couple more and then we'll go to the redemption. We have Kyle Kuzma and Jason Tatum. Very nice Forget what they call these inserts, but I'll just say red and yellows red blue yellows and Dwight Harold howards are not Harold. All right before I show the auto You know, not the worst one I've seen good players and the inserts a couple Silvers Rookies, I'll see you the autos. Good luck, man. You have sensational signatures prisms choice Card number 24 Seth Curry. There you go Not Steph, but Seth actually been playing good basketball Not sure what that's gonna be whether it's Dallas or Portland, but there you go appreciate it man jaskies.com


So we'll go ahead and collect a few questions now. Yeah, Eric, go ahead. Yeah, Mike's coming, so be patient. I have two questions, Kuma comments. The first one for Alain. And just to give you a little background, I was raised in an era where planning was a good word and not a bad word. And as I understand it from Alain, it's really imperative at this stage to have a much better understanding of the demand-driven technology issues in order to design appropriate supply-driven technologies. So there's a sequential matter here. And what I was trying to think about is what is the best strategy to design such a modalities that would merge the requirements of demand-driven technologies and supply-driven technologies. And it occurred to me that it requires very different skills. You would require the skills of agricultural economists, rural sociologists to know much more about the extent to which activities during the season where production is not ongoing between harvesting and planting, what would be appropriate tasks that could be done. This requires certain skills, economists, sociologists. At the same time, these individuals should be able to also talk to the production agricultural types. So what this course for would be a team approach. And this is something I've never quite understood. The physical sciences and the biological sciences are way ahead of the social sciences in terms of merging different skills within a team to come up with solutions to these problems. So if I have any recommendation here, it would be to see how far one could go in coming up with an appropriate strategy to merge these two things. Then a very quick point on Catherine's presentation. Would you agree that there might be some kind of lexicographic ordering when it comes to decisions with regard to agricultural production that the male essentially has the first word? And then the woman, the spouse as I understand it, who typically manages financial matters would then with whatever residual is left over make decisions. This is a question mark. And then the final point is you didn't say very much about the decision-making process between the spouses. And I think it would be very interesting to understand better what is going on. Does the male simply make the decision and imposes it on his spouse or is it an actual dialogue that leads to a decision? I think one needs to understand this in order to perhaps come up with tentative solutions to this issue. Thank you. Thank you, Eric. There's a lot there. Let's take one more question. We'll just stay on this side. We have time to get over to this side in the next round. So take one or two more over here. Okay. Thank you very much. My question is on Catherine's presentation. Catherine, I just want to ask if we change the context of the experiment to a situation whereby a man has more than two, three, four wives. Do you think we see how the same conclusion from your experiment? Thank you. Okay. One more. Let's just go to the... We'll work our way back. Go ahead, Per. Yeah. Thank you very much. Pierre-Pierre-Pierre-Vaness and Cornel. I have a question to any of the panel members, and it has to do with rapidly changing land tenure and the possible impact on technology adoption. Even though the data are somewhat shaky still, it's my understanding that in several African countries, absentee land ownership has increased dramatically during the last 10 years. And I'm referring both to and within country investment and also the international what I have been referring to as landwrapping, but you can use whatever term you like. My question is, has that change in land ownership or user rights affected adoption of technology and has it affected productivity of the land and labor? Okay. Let's go to the panel. We have plenty of time, so we'll get to your questions, but we'll open it up. Who wants to go? Let me answer Eric's point. I think this is well taken. We would like to go to a more demand-driven approach. I think any class you take in BISAD on entrepreneurship and design would tell you that this is the starting point. You don't start with what you can do. You start with what your customers want. And the hardest part of design is precisely to identify what is it that those customers particularly want? And typically the way the approach that is being proposed is to organize an interdisciplinary team including psychologists and others who kind of probe into what is it that people would like to have. This concept of the sort of extreme non-adopters is a useful focus point. There are people whom you think should obviously be adopting what you are offering and yet are not doing so. And so those may be kind of your marginal future adopter provided you would do a kind of marginal change to what you are currently offering in terms of technology. But the point is that you have to be able to maintain an interdisciplinary dialogue not only among the scientists but also among the agents, namely the farmers and others. So that's why I spent quite a bit of time looking back at what the CGIR and others have been doing in terms of participatory approaches to research. And what you find is that they have been important attempts but they are usually quite limited. And typically they start with the wrong premise which is that the scientist knows the answer and is going to be able to sort of debug from what the farmers are going to say which of what the scientists can do is going to be applied. So in the end it is still supply driven from an agenda you would say instead of being broadly open, right? What we would want to do is the opposite to say let's take an interdisciplinary team. What is the issue? The issue is poverty, right? So the issue is not yield or fertilizer. It's what you could do with the assets that you currently have in order to improve the situation of this household which is basically affected by poverty which has to be defined but a solution which is to be jointly taken. So I think we are that far. The question is institutionally how do we arrange it that the CG had been importantly vested into farming systems and the CL and participatory research. What it has largely backed out is that it is not cost effective and so one has gone to sort of the Green Revolution type approaches where you have economies of scale by definition which leaves sub-Saharan Africa behind as Willis was saying a lot of heterogeneity the need for customization hence the need to tailor solutions to local situation but there is the issue of cost effectiveness and that's where I think we are still looking for well how to kind of bring the two together. We want more customization but we also want to be more cost effective than it has been in the past. Maybe on your question Per I think somebody in the room was better qualified to answer referring to Klaus but my understanding is partly also Klaus's work that many of, so when you get these larger land holdings that in terms of spillover effect for technology adoption that it hasn't been so big. There was one recent paper presented also preliminary results for medium sized farms in Tanzania so it's not published yet but they were kind of coming up with some more positive results sort of as I was alluding to that where there are areas with more medium sized farms there may be more mechanization so they may demand, they may have enough land and then sort of start to do machinery services in addition there are also even some insights that it may actually increase on the output price that may lead to a higher price for the small holders because more traders were coming so there's more volume to be gathered. These are preliminary results that's why I say don't take on the medium sized farm some space to watch but I think Klaus maybe you can add to that. I think it's interesting on the demand side the value chain is sort of coming in in a different way as I concluded in this fifth message for staple crops there are some opportunities for value chain and I think they're less than for many of the cash crops or the export crops where there's more value added but supplying the cities RISE I think is a very good example where there's clearly a lot more value to be added by providing the right RISE for domestic consumption so there in a way then it starts from the market which is what the urban consumer wants the distributor needs a RISE they can sell so then the question is okay how do I get the mill to procure the RISE which I can actually sell and then the mill how can I make the farmer grow the RISE which I can sell to the distributor and then to the customer and so there's a huge coordination problem which is sort of these chains are trying to come up and the government sort of trying to help either by supporting elements in the chain this could be the mill this could be the distributor this could be direct financing direct financing or simple coordination interprofessional organizations etc so I think there you do get that element of a demand driven it's catering to the demand we need a certain product at a certain volume of a certain quality now if you bring that to millet bring that to sorghum to bring that to some other staple crops it may be less clear than sort of these RISE is a bit of a cash and food crop at the same time so yeah I think there is more scope for that the value chains is potentially one is sort of naturally in a way addressing that a little bit so the question I think is also more for the public sector what technologies where do you invest, is it mechanization is that the technology we should is that what the farmers want what type of crops etc so that could be more demand driven I think so on the question of how do household really make decision what is the process of decision making how it happens I think there is really a lot to be studied and learned I think we know very little on exactly how the negotiation goes on and I think what makes it particularly difficult is also something that we observe in this project is that there is a large heterogeneity so you cannot say there is one model that applies like the husband would be the first mover and then it's very hard because there are definitely different models out there even in this very homogeneous context and this is also you know when we you talk about polygamy I think we know so we already know quite little as to how do these nuclear household functions but for polygamist household we know even even less one thing is for sure is that even in the case of a polygamist household I think it would be wrong to look only at the preference of the household head especially if you if you study the type of activity that women engage in because one thing that characterize from the data we have from Burkina Faso this type of household is the fact that women are quite independent in how they will manage their own income generating activity especially in polygamist union where there seems to have even more independence so I think there's actually a lot to be learned about how our preference aggregated and decision taken within households. I don't think we have the right answer yet in many developing country contexts. Let's take a few more. Go ahead back here in the corner. Thank you. This crucial topic. I think that in the past there were one or two arguments which have been put forward on why technological modernization in Africa is slow. One is that the R&D institutions they're dealing with Sorghum, Millet, Cassava and Maze basically. With the exception of Maze these are crops that are not grown in the West. The Green Revolution which succeeded with wheat and rice and corn as well basically were crops that were grown in the West. I remember that one of the arguments was that supplied in your own terms supply side research and development actually are weak because there's not much support by the international organizations while there was in Mexico and in Southeast Asia and so on and so forth. So is it still true? Is it still viable? Another story was that at the University of Amsterdam one of my PhD worked there three years and there was this professor Kaiser who said that Africa is not increasing food production because basically there is ferrous soils and so Africa has bad soils and water is not like in Bangladesh that meter down under the ground but 100 meter is very expensive to get so that is unsuitable and is it now if that is the case even supplied driven modernization becomes very costly and so that it's not surprising that the farms won't adopt it and the third point is that like Willis mentioned is an entire stream I mean there's a long chain of problems I mean if you have the wrong exchange rate I mean this is what has happened in Africa for 20 or 30 years people in the cities particularly in coastal cities they eat pasta, polenta and western food which are subsidized and cheap and they have a very little time and require very little time in processing now so now that is not what you've been discussing but again I mean that perhaps the exchange rate maybe should come in and finally to you and the commentator one proposal it is true there are many factors Africa is different, is heterogeneous and so on and so forth why methodologically not doing one of these natural experiments now one of the experimental countries could be Ethiopia Ethiopia has been trying to increase yields and it has attacked the problem on all fronts and now I don't know which one is the other country for the country factor and then you can see which are the factors which are binding the yields increase, thank you Jean-Philippe I'm Pekka Jamsen I would like to ask Mr. Professor de Jean-Vierre because I think he is one of the contributors of the World Development Report of 2008 which talks quite favorably about farmers organizations could you say anything about the role of farmers organizations in poverty reduction when thinking of wider from the technological point of view that's a great short question yeah we'll go to here de Jean-Philippe and then we'll go here and then we'll do a round over yeah just a common other question the intervention and the presentation by Alain was in a sense quite discouraging for me because it reminded me of the kind of analysis we were making 30 years ago especially when India wanted to have the magical recipe for developing the agriculture of Africa because it had climatic conditions especially in semi-arid areas and rain-fed areas that could be helpful for Africa which ended up in a total failure and I have the impression that many of the concerns that we have highlighted were those to which we concluded were important at that time at least quite a number of them especially regarding the need and the opportunity outside of the peak agricultural season and also the problem of the specificity of micro-climatic conditions in Africa and the need for specificity but here you are mentioning a concern that seems to me extremely difficult to surmount this idea that is it cost-effective you know you don't have any scale economies but there is one thing at least I think that hasn't been touched that seems to me to be quite important when I think of the comparator Asian case if I believe you know the kind of approach and analysis and conclusion of people like Hayami and his team his work in Japan, Philippines etc he was essentially saying that many of the coordination problems that you have mentioned were solved by local leaders, big farmers emerging gradually then coming to shifting to becoming a middleman, collecting agricultural producing, transmitting input and technical progress and selling into the cities etc which I found always a fascinating ladder kind of story and that does not happen in Africa or in very rare circumstances and here we don't talk even about farmer organizations really andogenous emergence of the private market agents and why why is it so difficult in Africa and also what is the political economy of it behind because is it possible for business leader at local level to emerge being unimpered by state institutions etc so I think this is an aspect that should be kind of addressed to in addition to farmer organization one last question right here yes Jan Lo from the International Potato Center for Dr. Dujonvry and Luke you should have mentioned quickly in passing extension services and maybe the need for new models or is it the need to back to basics when I travel in China I'm always amazed at the very wavy line between public and private sector and massive extension services being used from the public side to support value chain development so you can't have adoption without access so I'd like to hear your opinions on the returns to public sector extension investment in Africa where you think it's been successful and do we need more of just the back to basics right panel I don't think it's all doom and gloom I said Maze for example Africa by and large has remained self-sufficient in Maze and in addition to some inter-regional trade so I think this is a crop where there has been quite a bit of progress even though there's still a 2 ton per hectare on average but there has been quite a bit of response there's also been a supply response in rice not enough to keep up with the growing demand but there has been a substantial supply response so I don't think it's all doom and gloom the point we're trying to make here is it's not enough and it's not enough to sort of we draw attention from it which you sort of start to see slipping maybe a little bit and I think that's one key message that's sort of I think a lens point on the maybe more emphasis on demand side issues I think if you talk about examples Ethiopia has been mentioned Rwanda has also been mentioned who would have thought that Rwanda would have managed to double its yields in a period of 5 to 10 years it's concerted efforts Ethiopia that didn't look as the island of fertility either I mean it was a country of hunger and famines Ethiopia has dramatically increased its productivity yeah you can debate here and there the numbers whether it's actually the high high numbers which are put up but clearly there has a lot of progress that has been made now Ethiopia is also a country which has invested massively in extension agents there is an extension agent there are three extension agents per district for the different activities it's crops and livestock etc a natural resource management so there has been a very concerted effort and I would argue that still up to today it hasn't really been tried I mean despite yet there would be more attention etc but it hasn't really been tried there is some supply response but it's simply not enough yet and I think in Asia many more concerted efforts have been done as well and that then leaves out many of the mineral rich countries especially oil rich countries which basically their public spending on agriculture is even lower in terms of shares at least so they're not even trying as much as the others so there's still scope to do more despite the big challenges yes there's more risk there's more heterogeneity etc but I think one can still invest more in those countries which have around in Ethiopia come to mind but Ghana has made a lot of progress as well Burkina so there are countries where more has been more astride or one tries in a different way and yields go up but then it's not sustainable Zambia yields have gone up quite a bit but in a way that's not sustainable same with Malawi let me start with the point that Andrea was making that there's a lack of investment in the tropical crops in a sense and where success has been achieved is more where there was interest on the part of the West to see investment being made in corn and wheat and rice etc but not so much in the tropical crops although SIP has done some important work on sweet potatoes but what we see today is a divestment of research capacity in the African context and so we would like to see results namely technology being adopted but we don't want to invest in technology generation and what we see is that what's available it does not correspond to what is needed for technology adoption so what we witness is a contradiction which is simply led by what donors and governments are doing that is we refuse to invest significantly in research in agricultural research when we do it we do it in a way which is not prone to sustaining using the research budgets for research purposes that what the donors do in using the CGIR is basically use it to support projects that the donors would like to be to be developed the attempt to raise the core support to the CGIR has not been successful and there's basically a divestment of investing into basic research in the CGIR system so what we would like to see Andrea is absolutely correct here we would like to see adoption of technologies for the tropical environments namely the kind of farming systems that we see in Africa and at the same time we just refuse to invest in the what it would take to produce the technologies for those environments right on the producers organization I think it's absolutely key small farmers are not going to do it on their own the context is quite often a sad story of the cooperative movement that has been used for political control more than to serve farmers needs so we need really to reinvent what kind of organization would be effective in this particular context but you look for example in India the use of self-help group and the the coalitions of self-help group into larger producers corporations in order to mediate the relationship between farmers and the markets through the assembly and the contracting at the higher scale shows that the importance of using collective action in order to reach the market and this is something which Willis can maybe say more about this but which is still largely to be done in the African context in part because of the kind of history of what has been happening with the cooperative movement. What Jean-Philippe was saying I think is quite interesting that is why is coordination not happening at the local and why is coordination not driven more by for example large farmers who can take into their own hands kind of the management including the subcontracting with smaller farmers in order to deliver to supermarkets or to agro exporters or agro industries this is where maybe the issue of property rights that Pierre was mentioning and that Willis have been mentioning is quite important right the only five percent of the land in Africa today is under kind of complete property rights. You may not need a complete property right in the Napoleonic sense in order to have security of property rights and to support investment they are kind of all kinds of forms of secure property rights which are left to be invented that would deliver the kind of security needed for investment purposes but in order to have the sort of local coordinating leadership that you would like to see happen what needs to have security of property rights at least to a sufficient level that you are going to sustain investment support investment this is still to a very significant extent missing. Then I think the seed question about extension is also quite good right the classical models of extension are not cost effective we can't have extensionists or lead farmers who are going to take the initiative of go talk to every single other farmers right so there are other forms of experimenting with how to deliver extension. Extension after the end of ISNA in a sense has been the abandoned child in the CG system there has been extension is always criticized for what it's doing instead of being encouraged and experimented with and innovated with new approaches right what we have been working on with especially with IRI in India are two things one is to use the agents in the value chains as the extensions agent so for example the agor agor dealers as being the person why not do extension to the agor dealers. The agor dealers have invested interest in seeing that the seeds that are made available are actually going to be bought by the farmers who are their clients right so you can actually use the agor dealers as kind of massive multiplicators of information which is being conveyed to them with their particular clients and the other is you are mentioning the fact that a lot of the extension work has been to try to use the social networks and to try to place information identify the seeds we are starting with this in representation maybe what you do is to reverse the system to say what you want to do is to create a buzz in the information system in the social network that there is something new to be learned from talking to others and not try to spoon feed from the seed farmers the farmers to whom you are seeding planting the information expecting that they are going to go forward and communicate the information to others but create a demand for this information and then the farmers will know where to go because you go to the large farmers you go to the extension agents if it is the case you go to people whom you know you are being informed but what is key is to create the idea that there is something new so a change in culture in a sense towards innovation which is going to induce mobilization of the farm community in seeking information as opposed to waiting for the information to be delivered and that could be quite more effective so I kind of agree with you that the extension system has been left behind to a very significant extent to all models that we know Gersholt Federer than others have been criticized and do not work and there is a need for experimenting with other ways of doing it Ok, next round of questions let's just start at the back and we'll move the mic forward here and get three or four more questions Thank you, my name is Guto Wajesa from University of Helsinki My question goes to Katrin when you addressed the intra-household decision making dynamics you didn't mention about the size of the household itself maybe the children and in fact to me it also occurs that even the ages of the children would matter somehow how do you take care of that issue that is my question, thank you The next one here We have two together, right there Thank you, my name is Anna Taivalmo I have also a question to Katrin regarding your last question where you asked that if we should insist that the extension both men and women are participating extension in households and I think that there is a simple answer here that it's yes because there is a gender gap in agriculture FAO and World Bank have estimated that the yields would be 20 to 30 percent higher if the women had the same access to resources technology, land, finance and the extension than men So my question is that have you look at the women's economic empowerment within households more broadly because that all, the women's economic power are not only making decisions on investment but also how to use income that you get from the invest have effects on decision making capacity in the family Thank you I'm rather glad that our discussion gave us a broad overview and highlighted the fact that Africa is a huge and diverse place or area and therefore solutions that work in one place might not work equally in another I'd like to provide some observations and perhaps you can interpret those even as questions one is that production can be increased of land use agricultural land can be increased either by intensification or by expansion of a subsistence agriculture now if you do the latter it would mean deforestation and degradation of land in large areas and this can result in adverse environmental impacts so that's a very serious consideration so that we should really be concentrating on intensification of agriculture rather than devastation now when you consider that if you increase the technology by introducing more efficient and new technology then you reduce the amount of manpower or in terms of personnel that you need to manage these farms or even small farms which would mean that you have to find alternative employment for those who are displaced and these displaced individuals might not be highly trained and therefore they cannot earn enough to become equal to others in our quest for equalizing inequality so therefore the labor on the farm would have to be higher quality labor because they would have to run the machines and repair them and here you need training programs for that purpose which will take time now coming back to a country I love very much Tanzania if you increase the area of land in Tanzania it means you will destroy wetlands and you have to count the disadvantages and the costs of doing that because wetlands are very important Tanzania is basically an arid country and wetlands are very important for sustaining wildlife resources and as you already know wildlife resources and environments provide tremendous revenue from tourism so if you take away the water supply to the wildlife you will diminish wildlife populations drastically and this will also be added to by the impact of poaching on the wildlife and therefore you might find that your increased income from agriculture tremendously diminishes the income from tourism secondly when you intensify the agriculture you have to consider the impact of pesticides on the intensification and the consequent pollution and if you pollute water it's very serious for human supply of water the other aspect of Tanzania is that about 70% of Tanzania is unfit for rain-fed agriculture and also because of the presence of taxi-fly which gives Nagana in cattle and sleeping sickness in man and you can also consider Kenya where more than 50% of the area is unsuitable for rain-fed agriculture now in Kenya only recently it was reported that they are trying to afforest an area as large as Costa Rica why because that size area has been degraded due to collection of firewood and there are other repercussions concerning wildlife concerning climate change concerning rainfall water supply etc etc so these are the complications actually which arise from just discussing and focusing on intensification of agriculture by technology expansion of agricultural land use and things like that thank you let's go one last question right here very short question I would like to know whether Africa can frock leap to adopt precision agriculture thank you just one thing that I was just thinking that demand-driven technology adoption and there I was thinking of connecting to your household decision for technology adoption so basically in agriculture the technologies are very different some are divisible and some are indivisible say for example the water pumps which are or tractors right so from demand-driven side so for some of the technology say laser technology which is family adoption ownership that can happen but for large one what can happen is that there may be entrepreneurs who are giving the service so people do not want the technology the bulk technology to own but they want the irrigation service they want the water pumping service so the service-driven entrepreneurs can actually provide the service and not the technology ownership this has actually happened in many of the states in India where they were late adopter of the technology and they really did not want to participate in the green revolution at the beginning so they went for a service-driven technology service provided to others okay thank you so we only have really a few minutes left but what I want to do is first ask Willis he's been patient as a discussant so first if Willis has anything to contribute there's no way the panelists will be able to respond to all those questions that will give them a few last minutes here but the discussion can continue over coffee but Willis? Well thank you very much I think we benefited a lot from the questions which came from the floor and opened new areas for for further work but I think the issue of incentives also matter if you give incentives to any individual be it in Africa or anywhere they will respond accordingly so if effective incentives are given be they the small-scale farmers or large-scale farmers in Africa they will respond appropriately as it were then I need also to say that collective action is very important in areas of small-scale farming because if they don't collect them I mean bring themselves together it is going to be very expensive to give services to them and in fact even in information so once the information is there and collective action arrangements can be made I think there's one area where productivity increases in small-scale farms can be achieved and lastly we have to avoid coordination failure whatever we do if there's no lack of coordination then of course everything will come to zero as it were thank you very much thank you so panelists anyone dying to give a last 30-second response to those complex questions Catherine you had a few to you why don't you take the last few seconds okay just very quickly so unfortunately I think I don't have a great answer so yes in many complex households there are many more than two adults there could be adult children living in the same household also having some decision-making power how to integrate how to make sense of the decision-making process in that case is even more complex and I think there are very few efforts trying to understand this there's so on the on this question about decision-making in various areas within the same household I think this is actually a great question we often summarize things by speaking of a bargaining power for two people but if you at least see a bargaining power in different sphere let's say you get very different answers and I think we don't again we don't really know how to aggregate this one project we are working on in Cameroon actually suggests that what we sometimes take as a lack of cooperation like you know different people managing the own sphere may sometimes be actually some kind of delegation model which is not necessarily inefficient and this is yes I think so this is again a project that is going on but I think this may offer a new view on the way this complex household may function and the type of household I've talked about today are really nuclear so it's already quite complicated in those simple households with that if you have questions then I feel your pain because I have 18 questions that I didn't get to ask but we will have time over coffee and elsewhere let's thank them for their presentations in discussion