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42 - Wall Street vs. Main Street: Game Stop Edition
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Game Stop? AMC? The Short Squeeze of the century? Quite a lot of information has been flowing and crazy stock movements have been happening this week. I am releasing this week’s episode early because I want the information to be out before the market opens on Monday so you can get the information you need as soon as possible.
This week I talk about Game Stop and the market mechanics behind its meteoric rise from $30 per share to almost $400 per share. I talk about how this is happening, the forces behind the movements, and the potentially illegality of the shenanigans of all involved!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Short Selling & Short Squeeze Resources
Short Selling - www.investopedia.com/terms/s/shortselling.asp
Short Selling Basics - www.investopedia.com/articles/investing/100913/basics-short-selling.asp
Short Squeeze - www.investopedia.com/terms/s/shortsqueeze.asp
Jim Cramer
South Park shoutout: www.youtube.com/watch?v=Y5X1fEkKiIo
You’ve Already Won: www.cnbc.com/2021/01/29/cramer-tells-investors-to-take-home-run-and-sell-gamestop.html
News reporting that Hedge Funds have closed positions
Market Insider - www.markets.businessinsider.com/news/stocks/gamestop-stock-short-sellers-melvin-capital-citron-surrender-bets-gme-2021-1-1030010382
SEC Investor.gov Links
Short Sales - investor.gov/introduction-investing/investing-basics/glossary/short-sales-0
Pump & Dump - investor.gov/introduction-investing/investing-basics/glossary/pump-and-dump-schemes
Market Manipulation - investor.gov/introduction-investing/investing-basics/glossary/market-manipulation
My Usual Links:
Website: Mainstfinance.org
Show Email address: [email protected]
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
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