Shares of GameStop have soared in recent weeks because of support from individual investors on Reddit.
Despite the losses following the opening bell, GameStop (GME) shares are still up about 1,700% this year — surging from just under $20 at the end of 2020 to a current price of about $265. It's largely because of an army of investors who are buying the stock to hurt hedge funds that have bet against GameStop.
The phenomenon is called a short squeeze. An investor who thinks a stock will fall borrows the shares and sells them, with the hopes of buying them back at a lower price and pocketing the difference before paying back the loan.
The problem is that a short seller can be hurt if the stock they borrowed keeps climbing. The losses, in theory, are infinite. So that creates another buying frenzy as short sellers rush to buy back the stock before it moves even higher.
A community on Reddit called Wall Street Bets has been leading the charge against the short sellers. Experts say that the rise of no-fee trading due to the popularity of online brokers like Robinhood just makes it even easier for individual investors to keep plowing into GameStop stock.
The GameStop phenomenon has taken Wall Street — and all of America for that matter — by storm. The White House has said it is looking into the stock's massive surge. Federal Reserve chair Jerome Powell was asked about it during a press conference Wednesday.
It's unclear how much longer this short squeeze can last. Online brokerage TD Ameritrade, which is now owned by Charles Schwab, has started to limit trading in GameStop and other shares that have also gotten a pop from the Reddit crowd, such as movie theater chain AMC (AMC).
And Wells Fargo's financial advisory unit has banned employees from making recommendations to clients about GameStop and AMC.
The big concern is that average investors may be ignoring longer-term risks about GameStop as they look for a quick short-term pop.
#ChristineRomans #CNN #News
GameStop short squeeze pits small investors vs hedge fund short sellers
Now they are manipulating the stocks again, restricting trades, not a free market
AMC is a new stock like GameStop.Good Job you young people. Get these Rich çrooks.
Plz someone help us all with what’s going on with this virus & many to come. They r currently running ads on the radio & TV telling people to go get checked for cancer markers…this is a set up. Profiteers are steadily working hard to profit off of fear, vaccinating the masses. If the Pfizer & Màderna aren’t willing to stand by their product…what does that tell the average person? Wake up man…this is absurd. I would never take a vaccine bcz I believe in herd immunity & that God has purposely made our body to be able to fight off disease as it has since man was creates but man has tried to play God & messed everything up just to profit.
These viruses have all been created in a lab just like AIDS was created. U must do your research & stop living with your head in the sand bcz it will cost u ur life.They’re goin to try to mass vax with multiple vaccines bcz I talked to a Stanford biologist & he said A) the coronavirus isn’t the killer virus everybody’s trying to make it out to be & there will be other viruses to come & they are goin to try & vàx worldwide with multiple vaccines for multiple viruses that r coming our way..
This is ALL big pharma, the FDA, The NIH, the UN & all the people who invest in stock.
I try & let folks know what I know to be true.
I was diagnosed with cancer in 2005. I was told I had Leukemia & that I had tumors in every vital organ except for my heart & spleen. I never did chemotherapy or radiation. Just Natural Herb’s, 1/4 teaspoon of BAKING soda in 1 cup of Hot water 2 to 3 times a day. Super green powders from walmart.com for only $14.97. Pau D Arco by nature’s way but that product must be stopped after so many weeks of taking it about 3,5 or 7 days then repeat use as the bottle describes, then stop use for 3,5 or 7 days. It all depends on the person.
I took CBD oil under the tongue (no sativa, only Indica strain or compràble)
I took Altos tequila mixed with minced garlic (put half of the tequila bottle with already a big bottle of minced garlic 2 to 3 times daily. (Cat claw by Nature’s way brand can also be used for other types of cancer but not for Leukemia). They r both tree barks.
I took Guanabana, u can buy it in capsules or oil, I switch it up.
People must stop eating food that has hormones in it an antibiotics. They must stop drinkin so much coffee bçz it takes our blood out of the alkaline state. All that’s that have too much sugar.
Disclosures: all of the above is not FDA approved. You must check with your doctor before taking anything. I am not a doctor & I am not trying to cure anyone from anything.
Note: When taking any of the above products u must pay attention to your kidney function (meaning if your kidneys hurt lower the dose on everything you’re doing) but it beats doing chemo & radiation.
Plz doctor’s or someone help us!! Tryin to get the sheeple to wake up & fight back by stopping the profiteers of covid by someone suing for misinformation & the fact that they’re letting people die for lack of Medical care, knowing that ivermectin works.
In Australia People were testing faults positive for HIV so the stopped the vaccines. The reason people test faults POSITIVE to HIV is bçz the covid has a gene of HIV & just like the flu virus hàs to have a little bit of different flu’s in it so does the covid vaccine has to have a little bit of what covid consist of. Covid consist of MERS, SARS & a gene of the AIDS VIRUS…who wants any part of the AIDS virus in them?
What were the people dying of with AIDS? COMPLICATIONS OF PNEUMONIA. WHAT r THE PEOPLE DYING OF WITH COVID? COMPLICATIONS OF PNEUMONIA! Get a clue people. Don’t get the vaccine. Even though this virus is what it is, our bodies will naturally fight off IF we boost our immune system, with super Green powders from walmart.com for $14.97 Zinc, if you’re a healthy adult 10,000iu of D3 & at least 1,000mg of Vitamin C.
I’m a cab driver & I was EXPOSED to covid many times between when this pandemic started in China. Many people from China were coming to the U.S. & I was picking them up from the Airports. I am 62 yrs old & a Cancer survivor. I was diagnosed with cancer in 2005. I didn’t know while picking up these people from the airports without a Mask back then bcz Trump had not shut the boarders yet. I had shortness of breath, exhaustion, a horrific headache, scratchy throat but the scariest thing was that I couldn’t breathe & take a full breath & it scared me…I immediately took 5 low dose ASPIRIN 81mg & 2,000mg of vitamin C & 1,000 before before bedtime. I took 1,000mg of vitamin C 3 X a day along with my daily regimen of my Zinc & 10,000iu of D3. I was fine. I believe I saved my own life each time. I could breathe after about 5 minutes. The last time it took me 8 pills of the low does ASPIRIN backed by 2,000 mg of C Vit.
Disclosures, The above-mentioned is not FDA approved. You must check with your doctor before taking anything. I am not a doctor & I am not trying to cure anyone from anything.
Plz California please sign the petition.
https://recallgavin2020.com/county/
We are all incarcerated without bars meanwhile this knucklehead wants to dine out & party at the French laundry with others inside without mask & sitting shoulder to shoulder & we are on lockdown & losing our shirt’s.
Plz reopen CA. Why is Texas, Nevada, Florida & other states open meanwhile CA is closed. The number of deaths in Ca r lies. Dr. Pierre Kory.
https://youtu.be/YgOAaLmoa68
If you’re a business owner & want to reopen follow Peggy Hall The healthy American on UTube & you can go to ThehealthyAmerican.org & download all her documents to serve to the city, country or State, she also has forms to help u if you want to sue in court. Get your Businesses open.
You all must do your part to get rid of this clown Gavin Newsom the joker. Plz repost..it’s sick to know Gavin is living a normal life, his son goes to a private school where they don’t wear masks, meanwhile our kids r incarcerated without bars.
Dr. Michael dies after receiving the vaccine.
https://youtu.be/PRESLqDyfXs
Plz Doctor Kory, help us with the science of covii. You know how hard it was for all u American Frontline doctor’s had to go through to EXPOSED the corruption? Some of you doctor’s got your Medical license threatened as in Dr. Scott Jensen, Dr. Simone Gold got fired & many others have lost their jobs for speaking out. What r we going to do to “prove sàving lives over profits”? The FDA already allow all these toxic chemicals in our food by products, lostions potions etc. Do we HONESTLY BELIEVE THAT THE FDA HAS APPROVE A VACCINE with good products in it, that will not cause us future illnesses when they haven’t even done proper testing.
When the vaccine companies are denying all financial responsibility due to damages from the vaccine.
A tons of people have lost all their Businesses/companies. Look up The Great Reset on UTube. They r making this thing bigger than what it really is & ppl must speak out b4 it’s 2 late. How many ppl need 2 die just so the elite crooks càn profit. How can this be possible. The grand lies being told with this virus should land many in prison bcz we CAN PROVE THE SCIENCE. NURSE’S, DOCTORS, BIOLOGISTS/SCIENTISTS r TALKING. We just need to get them all together & take the Elite to court & sue for the real death toll and 4 not using ivermectin & other meds that save lives. People have told me that their loved one were killed, they had to say goodbye via video chat & their loved one said they were not sick. (3 cases happened in a nursing home.
We need to get u Doctor Kory along with all the American Frontline doctors,- Dr. Simone, Dr Richard Bartlett MD from Texas. Dr Scott Jensen. Dr. Buttar, Dr. Shiva. We need to use the people that publish the autism magazine also. With all of the above people we can prove the fact that it is overkill & they have victimized the old & feeble 4 profit.2day it’s them, tomorrow it’s us. Help us plz someone!!!
A nurse in Los Angeles told me that she works the test sites & the app was telling people they were positive when they were actually negative covid-19 bçz they never even had the covid test done bçz they had a shut down early for some reason.
Police need to understand that they too r going to be vaccinated with this venomous vaccine so they need to help us out here & know that this is a scamdemic/pandemic for profiting the elite.
News reporter speaks:
https://youtu.be/A-NoQLuUqeE
Dr. Kory Speaks
https://youtu.be/YgOAaLmoa68
Whistleblowing nurse records the unthinkable
https://youtu.be/8VFngRmp1HE
You guys r scaring the people with fake numbers & doctors & news reporters r starting to speak out so you guys will not get away with what you’re trying to get away with and everyone else the people need to just wake up & start following Dr Kory which is a member of the American Frontline doctors, Dr Richard Bartlett MD from Texas. Dr Scott Jensen. They are allowin these people to die due to not givin them the proper medication & intubating them.
Follow me & you’ll get the receipt for what I used to beat cancer. I was diagnosed with leukemia.Stay away from MD UTube for natural treatments for what u r suffering from. Vaccines are not the way to go bcz the body heals itself. In terms of Cancer by Dr glidden’s book called “The emperor has no clothes”.
Everyone needs to stop buyin from big Corporations please, start buy from Farmers markets, 2nd hand stores.start your own clothing store online. Sell new or used clothes from ur gàrage, car plz
Game is rigged
Wall Street: Invest!
Reddit: *invests*
Wall Street: wait no not like that-
@ktownshutdown21
Blame it on the billionaire classes like Trump, the Republicans & Trumptards. They are the people supporting Big Money, the Financiers, the Bankers & the wealthy
@LunaLogicRadio I give no shits about Biden. I’m not on either side. The best thing about Biden is that he isn’t Trump. If you’re drinking the QAnon Kool-Aid, I’ll rank you right up there with the flat Earth people.
Lawsuits coming. Robinhood is in bed with the elite
Sleeping with the enemy.
@Johnny Aoc got robinhood to reinstate trading. She helped.
@J C. that commie who are didn’t do anything
Robinhood you are going down!!! They don’t let me buy this morning, I was just allow to sell, I have a chance to make a little extra money and they stop me. Free market..?????
Janet Yellen made 800k from the Hedge Fund at the center of this scandal.
CNN viewers : “Yeah, but Drumph is corrupt, bad man”
This just proves the stock market is rigged for the rich.
The left and the right need to unite against Wall St once and for all. Something has to give,.
@Jordan Evans that’s right fight back.
DOGE!!!!!!
I’ve been fine, no problems making a little.
#LobbyingWorks for the rich!
The billionaires can do it but we can’t we should really rail against this trash system
@Kaitlyn Livingston welcome to my world 😉
Don’t worry, Biden is on it. “We have a woman treasury secretary”, the White House said in an official statement about the situation
@Spikd 🤣
@Spikd oh well then I guess we dont need to worry. We have women in power and the war machine had a paint job as well. We good i guess. 🤣
All that struggling I hear of must seem to he fake news to them.
So when the big boys manipulate the stocks it’s ok, but once the average person games them everything comes to a halt.
Pretty much. It balony. They have the money to pay off robinhood or anyone to stop us.
Wall Street…you’re sick. You would literally sell finger nails of the dead to make a buck.
DOGE!!!!!
Janet Yellen made 800k from the Hedge Fund at the center of this scandal. Biden is literally a corporate bag man, and helped Obama bail out Wall Street before
CNN viewers : “Yeah, but Drumph is corrupt, bad man”
If this doesn’t show market bias. I don’t know what does.
They’ve started a war they’re not capable win against us.
@Darin L. Younce Mod rule wasn’t worse for the average person. They just killed people. the French elite before the revolution were literally squeezing, abusing, and causing untold suffering. Get even get me started on the war orphanages. Elite males set them up to their personal sex slave institutions.
But mob rule was worse right?
DOGE!!!!!
@Darin L. Younce before the French revolution the peasants were already being murdered like flies by the ancien régime by famine, executions and wars.
After the revolution this still continued, but, for the first time in Europe the nobility was being hurt also. Nobles weren’t divine representatives of God himself on earth. They were dying like flies just like the peasants too.
So yes, there was change. Didn’t get better to the peasants at all on the first moment, but still, it leveled the suffering between them and the elite. Equality is a good thing after all.
No, they will win. You elected a corporate shill for president. I love all the CNN viewers now realizing that the government bailouts of Wall Street happened under Obama and are suddenly upset about this. All the nonsense about Trump being so corrupt, this is what you voted for. Hedge fund bailouts are on the way. Janet Yellen made 800k dollars from the hedge fund manager at the center of this.
HOLD THE LINE DON’T SELL ANY STOCKS!!!!
When the rich are comfortable making easy money: government bad! Less strings moar freedoms!
When the rich feel threatened by the plebs: government! What are you doing!? I need some protections here!
So true!
Exactly. When they are making money and exploiting the system it’s all fine and dandy. But when people band together to call their bluff and start shifting the power dynamic now suddenly stricter regulations are needed. Screw em.
That’s because the bourgeois state is there to protect the rich!
Definitely
Turns out they hate the free market when it goes against them.
Yuup!!!
Yup. A free market is open for changes. Some lose economic advantages while others gain them
@Brian Shearburn What do you think “occupy wall street” was about. Obama gave government bailout to the hedge funds, Biden will do it again. This is what you elected, don’t be surprised. Biden was always a corporate shill, now he just has executive power
Stupid Billionaire’s Wanted to SHORT “GameStop,” to Destroy it to MAKE A PROFIT! (There is a Problem with Wall Street! “Bubble?”)
If we are locked out of buying stocks and the hedge funds aren’t, how is that not illegal market manipulation?
I actually tried to thumbs up your comment more than once. Such bullshit.
@PAT it’s alright buddy, I voted it up by one.
“It’s not illegal anymore!” – *hedge funds hastily lobbying to change laws in their favor*
They want all of the rewards with none of the risk.
This was going to help the poor and it wasn’t divisive, of course it’s not allowed
@Cookieman58 12 Mot really, who do you think is going to fight for the little guy, the establishment crony you just elected who is clearly more concerned about division on benign cultural issues? You’ve been fooled into thinking our battle is right v left, when it is actually a class division.
@Cookieman58 12 I know Biden is irrelevant but he’s the president right now
Remember, when in doubt divide the poor by race, gender, immigrants, etc
Actually it was most likely to hurt the uninformed stock investors who would be the last man out in this pump and dump scheme.
@Cameron Crowhurst If I have to buy it, it’s not free.
“Online populism.”
“Professional short sellers.”
Here we go.
Yeah that one got me too..wtf is a “professional short seller”?
If somebody is a “professional short seller”. They’re vultures.
@CryptedSky Not completely true, I’m a “professional short seller” in that I am a professional who sells things, who is also rather short.
How ironic “Robinhood” would be the company that go against the small guys
Rich irony you know.
The hero became the devil.
It remind me of Shrek when they got assaulted by the Robin hood loool
They lied in 2018 about 3% fdic insured savings accounts. They weren’t a bank. That was the sign right there.
Kkkkkkkkkk hhahahahhaha its funny and Sad
“Umm. Yeah… that’s horrible that he paid off his student loans.”
you need to understand there mind frame or not but they way they think is imagine timmy who saved 20k for 10 years and then bought GME at 5 $ and then sold it today at 450$ lets say millionaire over night x that buy lets say 100 million people thats people who are now rich what will happen to the economy then that is truly what freaks people out the most
@gaymo gaymo i don’t believe you have any fucking idea what you’re talking about
@Lostpockets 222 lol maybe read what i wrote …..
@Lostpockets 222 shifting the balance is the point jesus christ
@gaymo gaymo
Blame it on the billionaire classes like Trump, the Republicans & Trumptards. They are the people supporting Big Money, the Financiers, the Bankers & the wealthy
Reddit: Hey guys lets buy this stock just cuz’
SEC: SOMETHING MUST BE DONE
Redditors are the real legends of 2021 now
@bab dab this is what is called a “good short term investment ” , but its manipulation and collusion if its the working class that profits.
But they stopped us from buying BB, AMC, and a few others. I don’t know exactly what went on with GME this week, but from what I understand is that it is a meme stock. But I’m invested in BB, which in my opinion, has a solid future in EV and cybersecurities as well as a big data.. It’s totally unfair that we should be barred from these stocks which we *know* are going to go up, while anyone who’s on Wall Street can trade with no restrictions whatsoever.
@Lostpockets 222
Blame it on the billionaire classes like Trump, the Republicans & Trumptards. They are the people supporting Big Money, the Financiers, the Bankers & the wealthy
DOGE!!!!
*They’re afraid of poor people taking back their money*
Repeat after me: *WE.* *LIVE.* *IN.* *A.* *SOCIETY.*
Excuse me miss, the “elite” have meetings to short companies. They just don’t make it public.
yea thr called ‘wall st dinners’
When you restrict trade it’s no longer a free market
This isn’t the “fault” of the reddit investors. Hedge funds shorted way too much of the stock. 140% of the issued stock was shorted. If that isn’t taking on significant risk, I don’t know what is. The fact that hedge funds didn’t recognize the risk is their own fault. If the stock market is to have new regulation they need to look at limiting the degree to which a stock can be shorted.
Don’t worry, Biden will bail out the Hedge Funds just like Obama did. I love all the idiots who thought Trump was so corrupt now realizing they just elected a corporatist, Wall Street shill who, guess what, doesn’t give two fucks about the common man