Louis Rossman put it like this, "A lot of people aren't valuing GME's financials, or earnings, or the like. They are valuing GME based off how much it will make billionaires cry."
@ExclusiveLi
3 жыл бұрын
Because they have their dicks in the jar..
@hangoutwithme346
3 жыл бұрын
But if it makes us money does it matter? Lol
@TrollFalcon
3 жыл бұрын
It's worth the money to see it.
@cianmcguire5647
3 жыл бұрын
And what? Cry about it lol
@biplav32
3 жыл бұрын
All those people will cry too.
@ManforSomeMarkets
3 жыл бұрын
My favorite war cry from GME gang is “We can stay retarded longer than you can remain solvent” Long Gamma has become a smart play fueled by dumb money. 100 Duck-Sized horses have held their own pretty well.
@goodyKoeln
3 жыл бұрын
Golden!
@lain11644
3 жыл бұрын
lmao
@danielmouncer4131
3 жыл бұрын
The 100 Duck Sized horses have now got some whales on their side too!
@skie6282
3 жыл бұрын
Fun fact in simulations 100 duck sized horses usually win
@ristekostadinov2820
3 жыл бұрын
if we hold our shares for 3-4 months, are the short sellers going to bleed in margin interest. Because only Black Rock will probably sell them the shares but they only have like 12-13% and if they sell them there are going to be heafty premiums for them and for our portfolio.
@christonesmichel3090
3 жыл бұрын
My brain is too smooth to understand what you just said. I only understand GME 🚀🚀🚀!
@CeaSeMusic1
3 жыл бұрын
What's GME?
@antoniomartin5204
3 жыл бұрын
@@CeaSeMusic1 GAMESTONK!!!! 😂
@bobexsus
3 жыл бұрын
To the MOOON ✈️🚀🛫🛰
@emanuelschuchart1788
3 жыл бұрын
Damn right!
@skie6282
3 жыл бұрын
Hes said 🚀🚀🚀 🚀 🚀🚀🚀🚀🚀
@brosef4154
3 жыл бұрын
Hedge fund manager: What will it take to get you to sell? Me: I'd like to retire now.
@ProfAzimov
2 жыл бұрын
Me: 5k a share, take it or leave it.
@RyanHarrisonYT
3 жыл бұрын
This event is going down in history folks I'll see all of you in the history books 😂
@HappyThrills
3 жыл бұрын
This will forever change how we see money.
@zamasu_777
3 жыл бұрын
I'll be reading those books & watching those movies my friend. GME TO THE MOON!!
@silly8917
3 жыл бұрын
to the moon baby 🚀🚀🚀
@danielchan4699
3 жыл бұрын
@@HappyThrills GME stock = new bitcoin
@zxyatiywariii8
3 жыл бұрын
See y'all on the moon!
@zoedemoe3968
3 жыл бұрын
Wall street bets: “It’s not about the money, it’s about sending a message.”
@SuppressedVehemence
3 жыл бұрын
No. It’s about the memes. That being said; IM ALL IN! DIAMOND HANDS TIL 5K 💎🙌
@MasMaszu2
3 жыл бұрын
@@SuppressedVehemence YEAAA BROTHER
@boyanpenev9822
3 жыл бұрын
Ehh, quite a few people who joined in early definitely got a lot of money. There are people memeing and throwing small(ish) amounts of money as a protest, but it seemed like at least at the start it was about some savvy redditors saw an opportunity and decided to exploit it.
@mufasaiam7794
3 жыл бұрын
Anyone who goes in the stock market and says it's not about the money is either stupid or pretending to be stupid
@coachhannah2403
3 жыл бұрын
So, pray tell, what "message" do you intend to send? I hear "we're manipulating a small market into s Ponzi scheme, and we hope we don't get arrested."
@superchargedpetrolhead
3 жыл бұрын
its not about making the billionaires cry anymore, it is about making them bleed...
@mojomanmurph1925
3 жыл бұрын
I can't stop smiling
@stuckonaslide
3 жыл бұрын
🚀🚀🚀🚀🚀🚀🚀🚀
@rayj1232
3 жыл бұрын
Not gonna happen
@ATSucks1
3 жыл бұрын
Give them nothing,.....and take from them Everything
@rc_youtubeaccount1331
3 жыл бұрын
well, other big hedge funds are still in the game for nothing but to attract the outsiders like me who just know the stock this week.....after the outsiders are done with doubt, or finally give up the common sense, it will be a landslide. So perhaps it's still time to bet because most viewers are still not used to this volcano, still cold feet. As for the small pinch of retailers who actually have religion (1 in 1000 or less?), good luck for them. Emotionally I share their hatred but can't be optimistic.
@BrianTurnerOfficial
3 жыл бұрын
Friday will be...interesting for my tendies
@MatzeMaulwurf
3 жыл бұрын
🚀🚀🚀🚀🚀🚀🚀🚀💎💎💎
@nadiel42
3 жыл бұрын
I just saw your mushroom recipe and now I see you here lol
@AngelFlores-li7rh
3 жыл бұрын
We like the stock 📈
@antiquarian1773
3 жыл бұрын
Loading up on puts. My speculation is that if a squeeze occurs it won’t be long before everyone tries to flip each other off and run for the exit.
@justinj3340
3 жыл бұрын
r/WSB is locked now. But we know what to do. APES TOGETHER NOW.
@darlantro
3 жыл бұрын
We like the stock. Also, shorting 138% of existing free float stock should be discouraged in a free market, if not regulated against. 🚀
@ensoniq2k
3 жыл бұрын
Since nobody really cares about regulations how about we retail investors collect the fine directly from the funds this time
@643doubleplay9
3 жыл бұрын
It’s really illegal. GME to the moon
@SuperiorEntertainment_
3 жыл бұрын
@@643doubleplay9 shorting is not illegal whatsoever
@TransRoofKorean
3 жыл бұрын
People noticed that American Airlines was in the same boat today, and their stock has doubled ^_^ IMO it's really showing that it should be legislated against, in some capacity: totally nonsensical to have more shorts than there are shares. And in my book any short-term trading is shady, usually blatant rent-seeking behavior (ie., they get money via producing nothing, therefor whatever they gained they just appropriated from somewhere else), and doubly so since short-selling lowers the value of the stock, hurting the little people. But I dunno, I don't deal in this shit, and don't have the cash to if I ever wanted to. I'll never have cash because with the state of this country you need cash to get cash.
@PonyFoot123
3 жыл бұрын
J Graham stocks seem pretty risky to investin it seems like
@ddeine_
3 жыл бұрын
Thank you. There has never been any time where I was prouder to be a subscriber of this channel. Every major finance KZitemr has had their on take on whats causing this rise, but I always felt like it was unreasonable for retail investors to be able to influence a stock by this much. This has shown me again that you’re different from all those finance KZitemrs who don’t really have a clue of what they’re talking about.
@csApollo11
3 жыл бұрын
I'm very happy to find this one donut half donut channel.
@CeaSeMusic1
3 жыл бұрын
One donut half donut?
@Cools2009
3 жыл бұрын
@@CeaSeMusic1 A bagel is one donut that has been split into two half donuts.
@pratik3106
3 жыл бұрын
tea or coffee zilla whatever
@ensoniq2k
3 жыл бұрын
Half Donut finance is the best
@TransRoofKorean
3 жыл бұрын
Honestly when this got recommended for an autoplay from a channel I'd never heard of, I thought it was going to be one YT hand-picked to supply the MSM narrative, but I guess not. This guy seems okay for an obvious Leaf.
@rivalino
3 жыл бұрын
I'll hold it until it reaches 0, and keep it as a souvenir.
@alexc5369
3 жыл бұрын
Couldn't you just sell at the top and buy again when it's zero?
@Jordan-ll5eq
3 жыл бұрын
@@alexc5369 Nobody knows where the top will be though
@alvr3461
3 жыл бұрын
@@alexc5369 Some people are only buying $GME just to mess with the hedge funds, not the money.
@motorologist
3 жыл бұрын
@@alexc5369 "just sell at the top" 10/10 investing strategy
@alexc5369
3 жыл бұрын
@@motorologist thanks
@stefanberger2421
3 жыл бұрын
It's not about the money, it's about sending a message" The Joker or someone on wallstreetbets?
@maxwulz9283
3 жыл бұрын
Well it is about making money. I dont really care im just in because of the money.
@dragonslayr6493
3 жыл бұрын
Both
@DHAGSFU
3 жыл бұрын
@@maxwulz9283 Many people entered in this rally just to bleed the hedge funds..It started for money but it has a message now.
@hypothalapotamus5293
3 жыл бұрын
Watching this thing from the sidelines, I came to the conclusion that greed and rage are two of the most powerful forces ever. Ahab didn't just want to kill the whale because he thought it was evil made flesh. He also wanted to cut it up and sell it.
@maxwulz9283
3 жыл бұрын
@@DHAGSFU i dont care abour hedge funds. I dont care if they Lose money. I care about my money. I dont care about yours. I made a great return with game stop. I Sold my shares.
@augurelite
3 жыл бұрын
I feel like no one in the comments actually watched the video? He explained that effectively while influencing this big rally wsb is hurting hedgefunds, theres very likely a large amount of institutional profit coming out of this. I feel like this means in essence while wsb is hurtin some billionaires, theyre net helping billionaires as whole and I think that's pretty funny. Billionaires always come out on top
@sanc9808
3 жыл бұрын
Yes, it seems like most of the commenters didn't watch the whole video, or at least didn't get it. A lot of institutions are benefiting from the rally.
@samys2792
2 жыл бұрын
@Luke Morgan salty because of pump and dump scheme? duh
@y-yyy
Жыл бұрын
This comment section is a pretty amusing read. The message is so lost
@CountingStars333
Жыл бұрын
There's just 2000 billionaires and they aren't all American or sitting around trading stocks.
@EliVideoCloud
3 жыл бұрын
Interesting how Wallstreet hates this and sees this as wrong yet uses "Dark pools" to mask their buys/sells but that's ok....right?
@jjlol262
3 жыл бұрын
Cry
@kheo
3 жыл бұрын
Facts
@stupidmonkey151
3 жыл бұрын
Also naked shorts. Someone (maybe multiple holders) that is holding shorts currently entered that position without the underlying stock to back it. That is 100% illegal.
@EliVideoCloud
3 жыл бұрын
@@jjlol262 Who's crying? I made cheddar these past 2 days lol
@lunaticbz3594
3 жыл бұрын
@@stupidmonkey151 But if your wearing shorts your not naked?
@eliyasne9695
3 жыл бұрын
6:17 "The same stock can be owned by more than one person..." Hmmm... Replace "stock" with "money", and it sounds like the good old banking industry, all of a sudden.
@almondandfriends
3 жыл бұрын
tbf banking in the modern day would be completely untenable if not for those policies, and we only significantly regret it when there is a run on the banks which is generally a result of an economic crisis
@ArielSings803
3 жыл бұрын
Fractional reserve banking doesn’t eventually fail because credit generated throughout the process is still currencies that people can use, so people don’t have to take their currency out of bank. However, shorted stocks have to be bought back in a short amount of time. Having more than 100% stock being shorted means that there is an inevitable bank run.
@almondandfriends
3 жыл бұрын
@@ArielSings803 i agree i wasnt defending the shorting of the stocks, i was just noting the fact that fractional banking is a lot more viable and kinda necessary for modern day banking systems
@darthplagueis13
3 жыл бұрын
What's even funnier: A single person could own the same stock several times if they were to borrow it to someone who sold it off and then buy it. It's also potentially illegal from what I have heard.
@platinummyrr
3 жыл бұрын
@Vilfredo Pareto but they borrow and sell the stock. So A has a stock, B borrows it and sells it to C. In some sense A "owns" the stock but C also owns the stock. Obviously A doesn't have it right now but shorting if often done behind the scenes by the broker, so A might not be fully aware that the stock is out and borrowed. Obviously only one entity actually has the stock at any given time... But it can get very confusing
@iukekini2460
3 жыл бұрын
maybe gamestop can now afford to give me more than 5 dollars for "trading in" a ps5
@TheHenryDuong
3 жыл бұрын
That's it ? I've gotten $20 trading an N64 game.
@KreysHealth
3 жыл бұрын
@@TheHenryDuong you can go on the GameStop website and look up trade in values. Currently GameStop is accepting $200 for a ps5 witch it absurd
@ATSucks1
3 жыл бұрын
@@KreysHealth 200 bucks on a ps5?!?! Gad Gaym I hate gamestop... but I like that stonk
@jimmyhirr5773
3 жыл бұрын
@@TheHenryDuong When? In 1999?
@TheHenryDuong
3 жыл бұрын
@@jimmyhirr5773 nah my bad it wasn't a GameStop lol , it was a local video game store
@user-pm7fv9dt6j
3 жыл бұрын
*Never underestimate the ability of stupid people in large number*
@LAMotorcyclist
3 жыл бұрын
Goonswarm baby
@oGSniipezz12
3 жыл бұрын
Apes together strong
@user-pd9ju5dk5s
3 жыл бұрын
yep, I mean, look at communists
@wokethelast8498
3 жыл бұрын
Yes baby, yes
@michaelhaydenbell
3 жыл бұрын
@@user-pd9ju5dk5s Ah yes, communism, aka "a bunch of stupid people". I see you are a true scholar and pragmatic, level-headed thinker.
@13loodLust
3 жыл бұрын
Melvin Capital can have my shares at $2000.
@Timon-IrishFolk
3 жыл бұрын
At $6969, you mean!
@Kevin_Street
3 жыл бұрын
Melvin Capital says they're out of GameStop as of today. It isn't clear just who is fighting the Reddit army at this point.
@NoName-to5xl
3 жыл бұрын
@@Kevin_Street fake news pushed by Melvin as he suffocates . Unbelievable.
@Jacktrading
3 жыл бұрын
Lol that’s it
@colinmurphy2214
3 жыл бұрын
@@Kevin_Street They say that but is it true?
@dominationstipps701
3 жыл бұрын
27 year old german army officer Bought in today Salute to you my comrads around the world💂♀️🙃
@ensoniq2k
3 жыл бұрын
@Jokolo we REALLY LIKE the stock!
@duanejackson6718
3 жыл бұрын
The short sellers sold their position yesterday afternoon. The institutions are out, they lost about 5 billion.
@dominationstipps701
3 жыл бұрын
@@duanejackson6718 Sure and you believe what media tell you... If you look at the fundamentals, still more tgan 100% are shorted currently. Tell me how this is possible, if institutionals would be out. Either you are trying to convice retailers to sell or believe in what the public media tell you currently.
@ensoniq2k
3 жыл бұрын
@@duanejackson6718 don't believe the hype. The short interest is still huge. Yesterday Melvin Capital said he will not disclose his positions and all of a sudden he does just that? This is as real as the easter bunny
@ensoniq2k
3 жыл бұрын
@Jokolo finviz.com does list this for every stock
@michaelisgaming257
3 жыл бұрын
This is the best thing to happen to r/WallStreetBets since the pre split Tesla rally.
@InactiveAccount2
3 жыл бұрын
What you aren't doing gourds?
@InderjitSingh12
3 жыл бұрын
we need a $BB split soon
@InderjitSingh12
3 жыл бұрын
@@Black00200 tesla gained 1000% thats what happen
@FzudemB
3 жыл бұрын
It's the worst thing, wsb is dead after this. Just look at the invasion of bots
@Anthony-fo8no
3 жыл бұрын
@@FzudemB dude just wait for the inevitable crash, because it WILL crash. So many people will make a lot of money and so many people will lose a lot of money. These new investors dont know what they are getting into.
@dragozero
3 жыл бұрын
Short sellers put themselves in an infinite loss position, retail traders are not the crooks here - Wall Street Funds put themselves in this dangerous situation
@julianf9745
3 жыл бұрын
This.
@User-rv3oc
3 жыл бұрын
Ehhh. That’s kind of a dull way to look at it. Most short positions are hedged with calls or another hedge and have stop losses. No one is really a crook in this situation at all.
@dragozero
3 жыл бұрын
@@User-rv3oc they are crooks, because what they did was illegal, they shorted 150% of the stocks float. That means they have to buy back more shares than exist to cover their positions. This scenario is highly risky and carries a chance for infinite loss and was made illegal after the 2008 crisis, because its what caused it
@User-rv3oc
3 жыл бұрын
@@dragozero naked shorting didn’t cause the financial crisis, may have been a small factor in certain banks and funds going insolvent but that’s debatable. As for the rest I don’t disagree, but I still don’t think these institutions are the bad guys. Shorting isn’t an inherently evil practice.
@User-rv3oc
3 жыл бұрын
@@dragozero if anyone is to blame its the federal reserve and their QE antics which have screwed the little guys for the past 20 years.
@averykane1139
3 жыл бұрын
This is one of the most amazing things I have seen in my short investing career
@andreasapei2859
3 жыл бұрын
I've seen the WeWork mess And this is way better
@Oc_2j
3 жыл бұрын
3 months into robinhood called out GameStop on October 22 w/only 2 shares @15.50 for 31$ its at 550+
@fgh2dave
3 жыл бұрын
i mean ... ive made 50k in the last week, call it a meme call it hype all you want, i call it setting myself up for life
@AcornElectron
3 жыл бұрын
Preach on Dave. Hold out till 1000
@fancyncv110
3 жыл бұрын
HOLD
@connorward894
3 жыл бұрын
you havent made shit till you sell. but the upturn is exciting
@ilivetomorrow
3 жыл бұрын
Congratulations, but I'd encourage you to recognize that it's a risky trade and make sure to get out before it's too late. If you do, this will probably be the best trade of your life. If you don't get out in time, well...
@djayjp
3 жыл бұрын
You haven't made anything until you've sold. It could all disappear in moments.
@TheNORegretShow
3 жыл бұрын
As a person that invests in the Total Stock Market Index. I am eating popcorn enjoying the fireworks.
@shah1776
3 жыл бұрын
Kinda beta...
@justinlokere
3 жыл бұрын
Same. I am 17 years old, and roughly 60% of my portfolio in in either SPY (SP500) or DIA (Dow 30)
@acat9978
3 жыл бұрын
What is that?
@MrTmenzo
3 жыл бұрын
@@acat9978 index funds hold hundreds or thousands of stocks. So if one or a few stocks within the fund fail it won't affect you much compared to purchasing single stocks.
@jongillies4871
3 жыл бұрын
Why the rest of the market tanked due to this?
@kevcoverssolos
3 жыл бұрын
How do you feel about the short float being around 139% as of today?
@swirle13
3 жыл бұрын
Current % shares short is actually 98%, I mixed up % shares short and % float. Ignore below original comment. I saw it upped to 250% because Melvin Capital jumped in for more shorted shares after they lied this morning that they exited their positions
@kevcoverssolos
3 жыл бұрын
@@swirle13 do you have a source for that? Not to be confrontational I wanna do some DD in this wacky time
@willinton06
3 жыл бұрын
@@swirle13 Melvin is literally going to pay the interest of his shorts with $ROPE stocks, he’s playing a very dangerous game
@swirle13
3 жыл бұрын
@@kevcoverssolos I keep replying with a link but it keeps getting auto removed, website is financhill and then "most heavily shorted stocks today"
@kevcoverssolos
3 жыл бұрын
@@swirle13 I don't think financhill is a viable source of information AFAIK
@connor8018
3 жыл бұрын
thank you a ton for this quick explanation. I answered one of the things I was really confused about which was why Gamestop was skyrocketing but the similar companies people were also talking about weren't going up by nearly as much. It makes sense if all the institutional money is going into gamestop. I'd love to see another video whenever it's clear that whatever this is has ended on what the overall effect was.
@Eatcrow
3 жыл бұрын
“The bulk of buys are being made by algorithms” so basically you are using their own weapons against them. Sun Tzu would be proud
@chuiyaosheng8281
3 жыл бұрын
It's actually the opposite unfortunately. When he says the bulk buys are made by algorithms, it actually means the algo realised the up trend and decided to get behind it (which is buying/backing the stocks). Hence when the price do go up, big financial institution that uses algo would also benefit greatly from this. So yes maybe some institutions that shorted the stocks lost money on them, but there are also other institutions who got tons of money off this trend. They just simply prefer to let wallstreetbets take the credit because it allows the story of "fighting against hedge funds"
@CardboardArm
3 жыл бұрын
It means Hedge Fund A is being besieged by WSB and Hedge Fund B is going around selling the weapons in exchange for a large share of the spoils. At the end of all this, a large amount of money will pass from Hedge Fund A to Hedge Fund B and a smaller percentage will pass from Hedge Fund A to WSB.
@carval51
3 жыл бұрын
@@CardboardArm well that's prob true, but guessing it the most shorted short it be multiple hedge fun A and I think large amount and some small amount of hedge fund B
@180mph69
3 жыл бұрын
GME gang checkin in... My wife's boyfriend told me not post this... But WE LIKE THE STOCK!
@eddiewiggles9398
3 жыл бұрын
LOL
@jjberg83
3 жыл бұрын
Lots of salty people protecting Wall Street today. I'm getting DMs from big mad people.
@iagree6677
3 жыл бұрын
Hold the line, mine the salt.
@KiLLJoYYouTube
3 жыл бұрын
What happened?
@aethelwolfe3539
3 жыл бұрын
Once More into the Breach, Bank Run.
@levent-erhan
3 жыл бұрын
I've watched a few commentaries on this subject in the past few days, and this is definitely one of the most sincere. thanks for putting actuality over narrative. you are a teacher!
@JJs_playground
3 жыл бұрын
As a person watching from the sidelines, I'm glad to see *wallstreet, hedge funds and big banks feel The pain* of what "normal" people had to endure in 2007, 2008, 2009 financial crisis.
@alexc5369
3 жыл бұрын
T he y don't feel it coz the hedge funds are getting bailed out
@ccc3
3 жыл бұрын
Richard just explained that GME is 80% owned by institutional traders, not by WSB, as everyone seems to think.
@La0bouchere
3 жыл бұрын
Its more like a few specific funds are feeling the pain while a few others make massive profits along with the retail investors. Big banks and most hedge funds aren't even involved in this.
@seybertooth9282
3 жыл бұрын
And if you had watched and understood the video you would realize that the "wallstreet, hedge funds and big banks" are not "feeling the pain" they are making profits for this. But you didn't so now you posted something idiotic instead.
@BioChemistryWizard
3 жыл бұрын
I am holding this shit until at least the weekend. On Friday I cant wait for the hedge funds that shorted GameStop have to pay up and go bankrupt.
@AlexpxThreeTen
3 жыл бұрын
You’ll be broke before the weekend
@Lebronftw27
3 жыл бұрын
@@AlexpxThreeTen at least it will make for some awesome loss porn if it crashes
@callumfisher8101
3 жыл бұрын
Shorts have no expiry
@Blackridge.
3 жыл бұрын
From reading your first phrase i can immediately infer that you are probably a SEASONED investor
@BioChemistryWizard
3 жыл бұрын
@@callumfisher8101 Yes they do, the interest adds up fast.
@ZidaneSAID
3 жыл бұрын
"It's a gambe now". Excuse me? What was it before? Investment? Financial engineering?
@itsjacob7239
3 жыл бұрын
I'm really fascinated by how that user on Reddit was able to communicate this idea about going against wall street short sellers and inspired enough confidence to go after it. Feels like something people just ignore because they think they would just lose money
@drygordspellweaver8761
3 жыл бұрын
Next on my watching list: How Master Potters make Ancient Kimchi Pots the traditional way
@RaashinTimilsina
3 жыл бұрын
Mine's how hexagons are the bestagons by cgp grey 😅
@matt9060
3 жыл бұрын
*WSB publicly Shouts:* We're Buying GameStonk! *Hedge funds:* That's illegal! *Also Hedge funds:* We're going to use dark pools that no one can see but us, and front run sucker retailer traders trades. We're also going to use our near unlimited access to leverage and shorts... and our ability to get bailed out.
@earthling_parth
3 жыл бұрын
This is the only channel I trust for stock market-related advice, guidelines. This channel deserves a lot more love.
@lekic1996
3 жыл бұрын
I actually feel bad for watching your videos for free. So much value every time, this could easily be paid content.
@yonathanadam9582
3 жыл бұрын
You are wrong on the idea that the instutional holders are benefitting from the rise in price. Most of these institutional investors are merely holding the stock as a delta hedge versus their short CALL positions. In this case they can only profit from a deflating volatility. You need to identify the holders of the outstanding CALL options to see who is really benefitting from the rise in price.
@nathanfielure4305
3 жыл бұрын
Probably the same people who short the stock actually hedging their positions. Done properly a short seller can actually make more than they intend from the short. Melvin is a gambler who doesn't know what he is doing, he's no "hedge fund" manager. He was not hedging anything at all and totally exposed.
@yonathanadam9582
3 жыл бұрын
@@nathanfielure4305 yes exactly, the parties who shorted naked are losing heavily, the ones who delta hedge remain relatively unchanged and the unhedged longs are winning a lot.
@fabio-965
3 жыл бұрын
Exactly
@ecp711
3 жыл бұрын
You're pronouncing GameStonk wrong
@striveknight4782
3 жыл бұрын
No one: JPMorgan: Manipulates Billions. Lehman Bros: Risks Everything. MCapital: Had Billions on 1 stock. . WTB: pumps Gamestop. Everyone: WAIT WAIT! YOU CANT DO THAT! ONLY WE CAN DO THAT!
@AcornElectron
3 жыл бұрын
19 shortsellers dislike this
@KiLLJoYYouTube
3 жыл бұрын
They’ll like it when r/wsb realises they need to sell their shares to make money.
@AcornElectron
3 жыл бұрын
@@KiLLJoYKZitem I think the shortsellers will be super pissed. They HAVE to buy the shares back because of the nature of the process. They’re essentially borrowing someone else’s shares to sell and buy back. Yes? So they have to pay the market price. Which means financial ruin without a bailout.
@pressia07
3 жыл бұрын
@@AcornElectron i heard they’re getting bailed out by other hedgefunds, but the gov will impose regulations
@bada5539
3 жыл бұрын
"WallStreetBets....Calling each other 'idiots'...and other stuff" Well, I'd say 😂😂🤠
@RetJim
3 жыл бұрын
"they make jokes about losing there life savings on trades" hahahahahah....if only it was a joke....
@elonmuskrat9244
3 жыл бұрын
a looser is someone who can't spell "loser"
@bitlong4669
3 жыл бұрын
Yep, WSB is statistics... if you have bunch of darts being thrown in a dark, there is bound for few to hit the center. For each one who makes big, count how many end up on the streets.
@Mrfunniguy4
3 жыл бұрын
How can a stock have more shorts against it then there are stocks?
@SuuupaGirl
3 жыл бұрын
Welcome to the scum that is big wall street
@Mrfunniguy4
3 жыл бұрын
follow up question and i might be not fully understanding how it works but if a company/group has shorted a company dont they need to buy the stocks when the short time ends and if so how can they buy stocks that dont exist?
@ez_forman
3 жыл бұрын
@@Mrfunniguy4 not all the short positions expire at the same time, the typical expirations are 1 week, 1 month, and 1 quarter. As long as you don't have 100% of the stock expiring at a given time, you never run the risk of running out of shares to cover the short positions and can technically hold positions that exceed the total number of shares.
@coachhannah2403
3 жыл бұрын
In certain cases a share can be borrowed more than once. The whole thing is, this reduces the float, and makes manipulation 'easy.' Now that the shorts have mostly covered, the float is normal, and the price will now crater because there is not enough (dumb) money to keep it inflated. It will likely overshoot, but I will be out by then...
@coachhannah2403
3 жыл бұрын
@Uncle Ho - Not MY Capitalism; and only buys are halted.
@cameronscott9399
3 жыл бұрын
This ones gonna get real spicy real quick
@JuiceExMachina
3 жыл бұрын
I already watched a lot of videos on this topic, all great in their regard. But you nailed this one. You brought soo much extra info to the table and showed both sides of this. Amazing work 👍
@Wealthforthe99Percent
3 жыл бұрын
Great breakdown! Such a crazy example of how powerful short squeezes can be!
@jeanbastien9424
3 жыл бұрын
Your channel is seriously a gem.
@antoniopolak6650
3 жыл бұрын
it is not only about institutions it is about SHORT SELLERS!! yes GME is not a great company but those assholes wanted to ruin them by shorting and then announcing it on the media. Many peopel would lose their jobs. this is not only about the money, it is to send a message !!!!
@xLuluffy
3 жыл бұрын
Bought my first US stock and it’s GME 🚀🔥⭐️
@supremekingsworld9140
3 жыл бұрын
did you use robinhood
@CvnDqnrU
3 жыл бұрын
I'll come back in a month to ask you how much you made from it.
@PetalGamesStudios
3 жыл бұрын
Honestly thanks for the good analysis and for being one of the few honestly analysts to say "I don't know what is going to happen"
@rebelwithoutacause5727
3 жыл бұрын
It went from making money to sending a message to wallstreet 😂🤣
@tylerwyat9592
3 жыл бұрын
8:55 So sorry, were we still talking about GME at this point or Tesla?
@sarantis1995
3 жыл бұрын
Tesla is a great company though even oil itself knows that
@La0bouchere
3 жыл бұрын
Tesla is actually a good company though
@jesush9940
3 жыл бұрын
I'm up 12% today alone....Imma sell soon and pay my home insurance for the whole year and home property taxes.
@dominationstipps701
3 жыл бұрын
Sad... Im not in for opportunistic profit. I put in 5figure for the principle.
@dhess34
3 жыл бұрын
Don’t forget to withhold for capital gains taxes.
@Levent_Ergun
3 жыл бұрын
Hold and buy another house. 🚀🚀🚀🌚🌝
@ELY3358
3 жыл бұрын
The biggest thing about all this is: Don’t focus on $GME , focus on the trend. That is what’s at heart. Because if there are enough people that want to do the same over and over again. And that is huge! Because it will cause growth to a lot, especially those who “ride the wave” from the beginning and are keeping track of the trend. But to the ones who are not aware, they’ll burn some. That’s all I’m saying. To anyone reading this....tread carefully! I wish you all the best. *very well aware that this “phenomenon” might not be replicated again, but wouldn’t hold my breath on it.
@shaowlnkngfu3803
3 жыл бұрын
The "trend" may grow but the reality is GMEs situation is very unique and most of WSBs knows this. This discussion on GME possibilities has been going on for months and months. People who don't know any better think that any stock in the future will be able to be "targeted (**disclaimer** term is only used here for illustration purposes, not as a comparison to real world activities) and squeezed but they need to understand that this whole situation only came about because institutions played GME real real dumb and over shorted it more then any stock in history. It wasn't WSB that set this in motion...it was short sellers gambling big. I doubt they'll make that mistake again in the future.
@genericname1235
3 жыл бұрын
@@shaowlnkngfu3803 we suspected it in December. I bough in at 15€. Instantly dipped 40% so when it recovered I sold at a mere 30€ profit. Now I'm back in at 65€ and I already pulled my initial investment and still have 98 shares I'll keep until $1000+
@ELY3358
3 жыл бұрын
@@shaowlnkngfu3803 in theory any stock or instrument can be driven up in price and value on demand alone. As much as $GME, hard to replicate of course....but saying it won’t happen again is being shortsighted. However, I think the reason it might not happen again will have less and less to do with investors and more to do with actual regulators, if that makes sense.
@shaowlnkngfu3803
3 жыл бұрын
@@ELY3358 do you understand what a short squeeze is?
@davidmurray6176
3 жыл бұрын
@@genericname1235 it won't go to 1k. Get out now
@ArmirSaraci
3 жыл бұрын
Thank you for this explanation, it's a lot clearer and more detailed than most other coverage of this situation
@-veaux-4700
3 жыл бұрын
HOLD ✊💎 the calvary is coming for my brothers who went in @ $350 a share!
@AirelonTrading
3 жыл бұрын
Market profesisonal here, who trades on the Pro side of the house. Junior partner in a Firm, and I'm the head of Another Firm. Closed Private Firm, not open to the public. At this for decades. Louis Rossmann continue to get it wrong, wrong, and more wrong at "who to be mad at". He has a critical misunderstanding of how markets even work. He does get a few things right. The narrative that "Wall Street Bets" caused this volatility, is stupid? That ... he's right about. Wallstreet Bets is not to blame. But neither are short-sellers. You did a pretty good job of explaining it. You really did. Probably one of the best explanations I've seen. I will say this? HFT does not play trends on any time frame. Even small ones. They can't. Their whole business is to populate the order book up and down the DOM, to buy the bid, and then simultaneously be the first over other HFT's to sell the offer. Thereby closing the size of the spread, for the rest of us (Yeaaaa for the rest of us ... tight spreads and liquidity) ... Then, it's all R/R. They have first position, and then, the HFT will play for a tick profit if they win, and with liquidity rebates, if they lose to another HFT ... -0.12 loss if they lose that race. Thus, by definition, they are delta neutral. They could care less about the trend. They care about beating other HFT's to the bid or offer, and not getting stuck. That's it. So many academic studies have been done on Short-Selling ... it's insane. It's not "bad". It can become complex. The risk need not necessarily become infinite. It has been found (French study proved this one conclusively) that when you ban short-selling YOU INCREASE market volatility, because you increase something we refer to as Fundamental Selling (ONLY BUYERS SELLING WITH no short sellers covering with buy orders to provide balance). It's ... not ... short-selling to blame for volatility. IT IS a short queeze. But here is what is critical to understand. You have to understand that if I showed up to the exchange and said: "COVER TWO BILLION OF MY SHORT". It's not like you smaller retail traders doing so instantly, clicking buy, and you're out. THAT IS NOT A SLAM. It's a mechanism I'm trying to explain. There is a mechanism in place to get out of large positions, slowly, so that it does not impact price. You can screw yourself over ... if you tried that, because if it's 2,423,000,421 at the bid, and 23,000 at the offer, then you're only going to get a fill of 23,000, and then the order book moves up a tick? See the problem? You still have a frack load to get rid of, and your size is screwing you over. That's ok, because there is a mechanism in place, has been for decades, to get you out SLOWLY. TWAP Block Order Algos are the oldest iteration of that technology. But for some reason? That process is broken here. My theory initially was that HFT Market Makers did what they did in May 6, 2010 ... and just 'turn off', and walk away, thereby creating a liquidity vacuum, which, as anyone knows markets knows, creates a bigger and bigger volatility event. I thought this would have happened, because the spreads got too wide. It's a feedback loop. But I talked with the head of a Major Brokerage this morning. HFT hasn't "turned off" ... in the slightest. That's not what is causing the liquidity vacuum. It's brokers. Brokers have TURNED OFF THE ABILITY OF THEIR CLIENTS TO TRADE INDIVIDUAL NAMES .... and in so doing ... _*they are actually creating a liquidity feedback loop*_. Per the head of the Brokerage Firm? Citadel and other HFT firms haven't backed away in the slightest. That surprised me, but I trust him. In fact, per him, they haven't made the liquidity mistake of "walking away" since that fateful day on May 6, 2010. Brokers turning off the ability of their clients to trade individual names, is creating an order flow liquidity problem, and none of the mechanism can work as they should, and therefore, you have that feedback loop that begins. And feedback loops ... are very ... very .... very difficult to stop.
@brookboussaken3887
3 жыл бұрын
Hey man great analysis, if you don't mind can we jump on a discord call right quick. I'm interested in something you mentioned. Thanks!
@sayansahay5424
3 жыл бұрын
WE LIKE THE STOCK
@cryptoflippodcast
3 жыл бұрын
*Who else loves the fact that Wall Street is getting screwed!* ❤️
@vilmospalik1480
3 жыл бұрын
Anime battle #1 wall street vs wall sreet bets
@emanuelschuchart1788
3 жыл бұрын
Everyone likes that
@TheKturner05
3 жыл бұрын
DId you watch the video?
@davidbrysiuk2008
3 жыл бұрын
@@TheKturner05 I am pretty sure the only language that they understand is emoji.
@bitlong4669
3 жыл бұрын
I doubt they are... look at 2008... they threw in a sacrificial lamb, meanwhile everyone else got rich... I would say WS is culling their herd. I bet bunch of other funds are making a killing on volatility.
@elonmuskrat9244
3 жыл бұрын
i have 1 share of GME, and 1 extra chromosome.
@luxurypetscz
3 жыл бұрын
I kinda want to believe that it's all just "small, unimportant" people getting rich. But some rich people getting richer and some loosing money unfortunately makes more sense in this world.
@a.j.4644
3 жыл бұрын
Yes, a lot more sense. It's clear to me that other Big Guys are part of creating the short squeeze. Retail investors just don't have the collective capital for all the movement we're seeing. It started in WSB, but they brought attention to stupid Melvin Capital's stupid exposure and got in the game.
@Raindeux
3 жыл бұрын
The fact he thinks WSB is only putting up $1k on average tells you everything you need to know: He's never visited the sub! GME TO THE MOON 🚀🚀🚀
@fabio-965
3 жыл бұрын
yeah lol he has no idea
@jhaz89
3 жыл бұрын
Yeah it sure went to the moon alright....Its funny because basically the result of this is it just transferred wealth to other rich people. And then most of this stock was being purchased by institutional investors then selling them for massive profits at the expense of some poor average person. This in reality didn't accomplish anything
@Firelsa200
3 жыл бұрын
Thank you, for always telling the truth and being honest in every one of your videos. Your amazing and please never stop making videos like this.
@perlatapatia4334
3 жыл бұрын
Since robinhood decided to be a turd and hold our tendies in the freezer, what other places are good for options
@jz4461
3 жыл бұрын
The massive spike at 2:00 PM also proves that major institutional investors are on the other side of this short position as well, especially since trade restrictions were in place. No other way to explain how a stock moves from $235 to $490 in 10 minutes and then is back to $235 10 minutes after.
@MrApontjos
3 жыл бұрын
Update: Discord banned wallstreetbets, take from that what you will 🤷🏽♂️
@nadiel42
3 жыл бұрын
They said it wasn't in relation to finances but the comments, some of them are against guidelines which supposedly they were advised to stop. But who knows?
@MrApontjos
3 жыл бұрын
@@nadiel42 What a coincidence on that timing though
@nadiel42
3 жыл бұрын
@@MrApontjos suspicious, yes, then all the stocks they had in the chat dropped after-hours. Panic selling?
@tinguspingus464
3 жыл бұрын
@@nadiel42 Actually, not even. If you look closely at the volume of the shares that were sold after hours causing the dips, you'll notice that its VERY small. This was actually just hedge funds selling stocks to each other at lower prices to make it appear that the stock is going down, and activating stop losses. This was all manipulation in plain sight
@nadiel42
3 жыл бұрын
@@tinguspingus464 sneaky sneaky, nice catch.
@Kevin_Street
3 жыл бұрын
I've been following this story the way people used to watch the OJ trial. It's absolutely riveting. You make a good point about how institutional investors are probably in the mix, but if anything I think that highlights the importance of the wallstreetbets retail guys even more. This is happening because they started it, and it wouldn't have happened without them. So maybe we're entering an era where retail investors can easily gang up to make something move, and the algorithmic traders will swing in behind to help them like robotic backup.
@seybertooth9282
3 жыл бұрын
Looking back, it's clear that all the "we're sending a message" cultist posters in this comment section falls into one of two categories: Those who didn't even watch the video before posting, and those who watched it, was too dumb to understand it and then posted anyway.
@gilgamesh310
3 жыл бұрын
Institutional shareholders a own shares in lots of huge companies. GameStop is just one of them. I didn’t know they could own more than 100% of the company, though.
@frvnk973
3 жыл бұрын
What you’re saying could be true, but why would brokers need to restrict retail investors if they’re pushing the narrative themselves?
@chestnutsauce2579
3 жыл бұрын
Idrk, but if institutional investors really own a large percent of the stock, when they start to sell, the price will crash leaving retail investors in huge debt. Brokerages that service retail investors, like Robinhood, might know this and don't want to get caught up in losses that their users can't pay back. By preventing people via restrictions from buying lots of shares using borrowed money, they're essentially protecting themselves from holding onto the unpaid debt from their users. That was just a thought I had, and it doesn't really make sense because why wouldn't Robinhood just restrict margin-buying instead of the amount of shares you can buy? I still think something behind the scenes is going on, but I doubt any of us will be able to figure it out until it's too late.
@investingwithaaron9876
3 жыл бұрын
Awesome thoughts on GME. I think you had explained it well in the short selling video and what is a short squeeze all about. So this is a real life scenario.
@frank-ski
3 жыл бұрын
Update 1/28/21: Robinhood removed multiple stocks that WSB were discussing: GME AMC BB KOSS BB BBBY Crazy times!
@stevenhunter553
3 жыл бұрын
Such a good teacher plain bagel! have learnt so much, and actually sticks unlike going to uni, cheers!
@xImBeaST12321x
3 жыл бұрын
what about stock trading apps like Robinhood "illegally" making GME and AMC stocks sell-only, forcing the trend to stop and forcing the price back down?
@7lllll
3 жыл бұрын
look up inelastic market hypothesis. $3 billion from the r/wallstreetbets can raise the stock price by $15 billion, so still not quite enough for the $25 billion market cap, but a majority, and i think the inelastic effect can be amplified by various effects that apply in this case too
@ThePlainBagel
3 жыл бұрын
Yea I didn't expand much on that but certainly $3B can go further than $3B in market cap terms. But even then I'd honestly be surprised of that's how much WSB has invested (it's assuming EVERYONE who follows it, including inactive accounts, invests $1K).
@Phillie552
3 жыл бұрын
WE WILL HOLD TILL THE TENDIES COME HOME
@mymom1462
3 жыл бұрын
Thanks for opening my eyes on the Institutional Ownership part. It saddens me that its the case but if the Institutional Ownership for GameStop is about 119% (Barrons) and how so much of the volatility we observed was probably another hedge fund algorithm catching wind of the trend and facilitating this hockey stick making billionaires cry.
@RedOneM
3 жыл бұрын
Here it is :D Still holding 10, covered my position, currently averaging up
@forreview6878
3 жыл бұрын
This was such a well thought out and informative video (even if you said it wasn't). I really enjoyed it and you've earned a sub-like combo sir!
@ShaferScott
3 жыл бұрын
Hold till Valhalla my GME brothers!
@roig8578
3 жыл бұрын
Great job of explaining it to NON financial common folks. Kudos to you!!!
@leopoldvanstotch437
3 жыл бұрын
Theres 2million WSB redditors. Theres 300k GME stocks available. That means 1 stock for every 6.5 redditors. So we only need 1/6 of redditors to buy GME stocks! It is reddit pumping the price.
@jjlol262
3 жыл бұрын
That’s what I’m saying. WSB is doing this their self he is underestimating how much money they actually have
@jimyg88
3 жыл бұрын
hey Richard, could you please explain why short selling is allowed and how does it help the market and/or economy?
@Ashmodai
3 жыл бұрын
With all those shenanigans happening right now not only with gamestop but tons of inflated tech shares the market is certainly about to crash again... HARD. People don't learn. Nothing has changed from 2008.
@Bjjjonny
3 жыл бұрын
I bought 1k GME at £31 and set a sell limit at £420.69 for the meme. I've been so in depth with work today, I didn't realise but it cashed me out at £420.69 I have no idea what I'm going to do with the money, but i will donate some of it.
@platnumdj2370
3 жыл бұрын
The End: Looking good Billy Ray. Feeling good Lewis.
@VoIPPortland
3 жыл бұрын
If you missed this, buy physical silver. It IS the next big play to screw the Morgans' short selling and certs. APMEX halted selling any silver this weekend. Have not seen that in 25 years watching silver.
@kalebjohns7715
3 жыл бұрын
This is why you are one of my top 2 favorite financial/economic youtube channels!
@pallasathena1555
3 жыл бұрын
Hedge fund manager walks in to /rwallstreetbets: aaaannnd it’s gone
@mojomanmurph1925
3 жыл бұрын
Kudos! South Park episode reference. Bet they make one on this GameStop deal.
@Mikey-bg9zf
3 жыл бұрын
Youre awesome Richard! Thx for all the knowledge! I'm currently a value investing student under the tutelage of Phil Town and Rule One Investing- value investing Warren Buffett style- and your videos are very often my #1 go-to as supplemental information and explanation of concepts, terms, etc. Keep up the great work and keep those videos coming!
@granyte
3 жыл бұрын
watching this while robin hood blocked GME and the stock is on fire WSB is going down the path of starting a war ... that escalated quickly
@TESkyrimizer
3 жыл бұрын
market manipulation man 😐 people should be in jail for this. livelihoods are ruined for everybody who bought above and set a stop loss over 126
@cherrygabs4939
3 жыл бұрын
Your video on shorting stocks back in 2019 hit the nail in the head.
@fubillie2146
3 жыл бұрын
It was just several other hedges fund funding to screw one or two hedge funds. Retailer do not have such capital to keep the fuel going so somebody must be behind this massive action
@MrTheWanz
3 жыл бұрын
people smell blood in the water
@d0tz_
3 жыл бұрын
thanks for not fueling the mania and providing rational opinions, also bringing new (or rather lesser known) information to the table rather than rehashing the same old points.
@princememphis7726
3 жыл бұрын
I think you have a fatal flaw in your logic when concerning how much money WSB has. A lot of them actually have good amounts of money and people are YOLOing TENS of THOUSANDS of DOLLARS! It is powerful!
@mariag6742
3 жыл бұрын
4:22 AM and I just bought my first GME! HOLD!!!
@HT-vd4in
3 жыл бұрын
7:48 No GMEs market cap is not made by so much money actually going into the stock but instead just by the amount of money that was paid for the shares, which actually changed hands. But eventually these short suckers have to pay the money and they will make the market cap real. Btw they haven’t paid up yet, don’t believe the lies!
@blueguy5588
3 жыл бұрын
Thank you for actually taking the time to acknowledge the ridiculousness of the situation and giving a levelheaded analysis, there is still a lot of denial for traditional trading forums. It's also worth pointing out that the short positions, most of whom have economic and political clout, were betting on the failure of gamestop and the loss of jobs for employees. The finance industry has toed the line for covid-19 restrictions. There is a conflict of interest beyond the naked short selling.
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