Something I want to make clear, I made this video when they had about 1 million members, they now have almost 9 million members and have completely changed their moderation team. The group has grown almost nine times its original size. I do not recognize it anymore. I do not recognize the group that at one point, recommended that I take a good look at securities that had potential like ICLN prior to the election. It now is a group of people, screaming about one stock, in this diamond hands never sell ever ever ever way... that is insane to me. in this video, I mentioned that I do not always agree with them on everything. but I feel the need to say at this point in time, that this is not the group that I remember going to anymore. I don't think any group can grow it's size 900% in a week and retain it's initial characteristics. this appears to be a shell of its former self.
Looking back, I don't think the sub just 'changed' in the innocent way that you are implying. I think they got excited when they gained wide support and realised that even if GME was a meme stock amounting to a Ponzi scheme, as long as they got in early, they could be the scammers. DFV and every other person who got in early absolutely knew what they were doing when they deleted posts about GME losses, or posts criticising the sub, and the only reason it 'appears to be a shell of its former self' is because its original self decided to turn itself into a scam site. I appreciate your comment, but in retrospect I think you gave a little too much charitability to the 'OG' WSB.
If hedge funds are short on a stock, it is immoral to go long and hold onto your position (in their own words). The hypocrisy should be appalling. These guys dont feel bad about the families of people working at the companies they are shorting into the ground; they're only upset because now its happening to them.
on God these scumbags cause financial crisis and still make money while doing it but a few people in entry level job and students cause this mess ? b please 😂
Investing into companies that make things and hire people so that they can be successful is Somthing I have done.. But I can't stand people destroying companies profit...
Shorting a company doesn't affect the operations of a business. A company's shares represent ownership in the business and that ownership is traded on an exchange. Trading shares on an exchange has absolutely no effect on a companies revenues or profitability. The only ones who got hurt during the short squeeze are the ones who shorted gamestop most likely banks, hedge funds, or professional traders. It's funny because the professionals got burned lol
Worthless fucks, they can only win by cheating and changing the rules. Then the ego gets to their head and they think they’re actually better than everyone else
This is the thing right here. The game is rigged. The big money banks have politicians in their pocket. This won't end well because the hedges will use their connections to get the politicians to save them. To which the politicians will because they enjoy getting kickbacks and campaign donations.
@@Fx_-Actually you have no clue wtf you are talking about. "A person who keeps up with mainstream media, and does what popular culture tells them to do. Or in general is into trendy garbage." - Urban Dictionary "A normal person; one with commonly held beliefs, tastes or interests." - Wikipedia
One thing that's still a bit inaccurate here - the attention on GME didn't actually start with "hey, this is way over shorted, let's fuck with the greedy hedge funds". It actually just started with a guy who was really into gaming speculating on the future of gamestop after they acquired new management and changed their business strategy. Like, they're actually changing how they operate to become more of a space to play games than just a retailer, borrowing from the success of gaming cafes and the like, as well as moving into physical games like board/tabletop/card games. As I understand it, they want to become the new "Local Game Store". _That's_ what started this - a guy did some research, posted it online along with his _very long_ term options calls that he dumped his life savings into, some called him a retard for a couple months while some actually looked into his research and agreed and bought in, those modest increases made for large gains on his calls, he doubled down, it turned into a meme, people started buying, the hedges started freaking out, and _then_ the fact it was shorted at 130% of its market cap became widely realized and people started tripling down just to spite the hedge funds as they started to blatantly manipulate the price to save their asses. Just wanted to point this out because even framing it as "a bunch of kids called out greedy hedge funds for being shitty" is still a favorable interpretation for the hedge funds. It started as someone literally doing what they always tell you you're supposed to do - stick to businesses you know, do your own market research, and make informed decisions. What spooked the institutional investors is that this generally bullshit advice finally actually worked for someone who wasn't already "in the club".
Why is that advice generally bullshit? "Don't invest in stuff or industries you know nothing about" and "Don't get tilted" sound like good common sense advice.
Excellent post. Significantly better than the original video. However I think someone should mention that the backlash against WallStreetBets isn't just "hating" on the independent speculator, or some kind of generational vendetta. Rather, that suspicious price activity like this is exactly what the SEC looks for when investigating potentially illegal collusion to manipulate the market. Rossman thinks that the only way this activity is illegal is if it is coerced. But voluntary collusion would still amount to illegal market manipulation even if it is done by a larger group of smaller speculators.
@@KD-bk7gd If we want to truely take back the market then we need to go after larger buisnesses without needing them to take a risk on an individual stock like GameStop
@@KD-bk7gd Bruh... i am so sorry for your lack of knowledge about stocks. I feel sorry for you but my dude you are not going to the moon... you are going inside the ground when this stock crashes.
15:50 "A person that works all day has no time to make money" holds very true here. If you are at a job 8 hours a day, you are preoccupied by your job. If you sit around all day you get creative - or bored to the point where such a activity is no longe mindnumbing to you
Funny how they kept halting all morning while the price is rocketing and claim it's due to "volatility" but when the price tanks almost $100 there's no halt.
This is why you put your sell orders on limit right after you buy the stock. If i buy at 10$ and plan to sell at 100$, right after i buy, i place my limit order to sell at 100$. It doesn't matter if there is a halt, if brokers login crash do to high user volume etc. If it stay's at 100$ for 0.2 seconds. I get filled at 100$ ( free stock tip)
@@user-ff8sp3xl3c in a context of a short squeeze yes. When going long saying something along the lines of "set the sell price you want immediately after buying the stocks, and badabing, guaranteed money" it's no guarantee of anything.
I think Congress already knows, but if he does get a platform like testifying in front of congress, it has potential to even go more viral and his message would reach a wider audience and make a more informed public
Here is a comment from marketwatch: "I'm a professional Game Dev and I've been joking (and being serious) for years that once financial systems become accessible to common people, many of which have also grown up as gamers, this kind of advantage-taking of mechanics and systems was inevitable. Rest of the word, welcome to the gamer mentality of playing and abusing game mechanics. Now y'all can suffer in the real word what we as Designers have suffered to control in the virtual word for decades LOL. GG,GL,GF" This guy is more right then anybody will ever give him credit for
This is hilarious. Institutions have been manipulating the markets for years to make a fortune at the expense of retail plebes. Now they are mad when there is one instance of it happening to them? I don’t have any gme, but I hope it keeps going up long enough to make them give up and cover their shorts and get rekt.
Dude, Citron needed bailout and it got one and they keep going instead of cutting loses!! And you wonder how 2008 crisis could happen? Imagine betting on short bets, basically, you bet on a bet bet.
@@FVBmovies Yep sadly the powerful people will get all the bailouts they need even if the government has to float them a 1% interest loan for a decade.
*What is more important is that the little people class-action into jail ALL exchanges, institutional investors, and government agencies that collude to censor and attack the little investor for RESISTING big thief market manipulation.*
Thanks again for your insights. After spending several years in the industry, and being fully aware that doing the opposite of what the neophytes are doing, will always keep me financially sound. There is a great old expression on Wall St. " bulls and bears will always get fed, pigs will always get slaughtered." Most funds have specific parameters they follow (if they are disciplined). When I had clients, my rule was the stock goes against us 8%, I don't care if it goes $2000000 the next day I bought it wrong. We sell the stock, lick our wounds and move on. Understanding your thoughts and being in agreement with 96% of those thoughts is why I am adding this for your viewers. They short the stock, they're borrowing shares which they're going to have to pay money is fees or interest on that amount of shares that they borrowed. Now the situation arises where these guys get together on these platforms and do what they're going to do, so now they're buying the stock. Now there's three sets of shares in a sense that can also be borrowed and sold short. Adding fuel to the fire. First of all this is definitely signaling guy Market top this will be the third major major correction that I've been involved .I mean major correction like 08, 2000 and 87.That said, an Institutional Trader, meaning somebody that works for Fido, Vanguard, Etc. These people get fired for a being that negligent. In the case of the hedge fund managers. if I know myself if I had money with hedge fund manager and the losses at the end of the year if you know made it where instead of me making 20% I only made 6%, I I pull my money out of the account saying this guy's a cowboy, Renegade, or flat-out, a gambler. I watch this game stop Trade I watched AMC trade. I was watching dozens of two three four hundred thousand chair tranzactions going by the time I had seen a few million million and a half share transactions go by. This is when Gamestop was you know, like three hundred bucks. Do the math. These guys are buying that much, that many options, the market makers the Brokers, they have got to go out and purchase at stock. By the way, the love the fact that you you can make fun of yourself. Yeah you're a jackass, like I'm Alex karp. keep doing what you're doing by the way you speak well. Much success. JD
It has inaccuracies like the one where he said the worse thing that can happen is that you lose your initial investment. If you have stock you might have to pay a part of the debt that wasn't covered by the assets of the company.
@@djle47 they can keep their short positions open as long as they have enough collateral to not get margin called. a lot of institutions have outstanding short positions for years. if they get margin called, they can just keep finding more money (through debt or equity) to keep their collateral afloat
@@bobfg3130 Owning common shares does not carry debt liability. You would simply lose your initial investment. This is about Options Trading. The more you learn about options, the more you can't understand how it's legal. It is literally trading contracted shares with leveraged money you don't have and pocketing the difference. It's also how millionaires can go bankrupt overnight.
Assuming everything they say is a lie is just as stupid as assuming everything they say is the truth. You may choose what kind of idiot you want to be.
@@86400SecondsToLive Everything you read in newspapers is absolutely true, except for that rare story of which you happen to have first-hand knowledge. - Erwin Knoll
I hope you will be renting them a nice condo near campus with all that GME money. You don't expect them to live in campus residence like plebs, do you?!??!
This is probably the most entertaining and well-described video explaining this hilarious incident. Subscribed and I can't wait to see what other content you have to offer.
There are 2.5 million of us on reddit, maybe 1 million of them invested in GME, there is no way it's us pushing the price to 350, it's hedge funds fighting each other.
He kind of biffed it a bit though - he had the first part right: you borrow the share and sell it first. The second part was more confusing than it should have been though because he kind of said you sell it, get the money, and then pay back the money later for less. It's actually much more simple: you borrow the stock and sell it, then later when the price goes down you buy it back and return _the stock_ to whoever you borrowed it from. Instead of "buy low, sell high" you're just changing it to "sell high, buy low".
@@Shawouin Not necessarily true: if the hedge funds are driven to bankruptcy and/or forced to abandon their short position, then there is no longer any downward force on the stock price from sellers. The stock only drops when people who actually own stocks (IE, not the short sellers LOL) start selling them.
"Reddit" is a host name for many smaller forums. WSB litteraly says they are a 4chan colony in their name lol. Just a bunch of anons that wanted to escape from 4chans /biz/ which is more crypto focused to talk about stocks.
They are not "good" hunters, there are options to buy insurance for risky trades like those. They failed to manage the risk. Those are not "hedge" funds, they are casino punters.
@Anna Kehrlein Well my point is those so called hedge fund managers are amateurs who risked everything on one trade. They are not really hunters. The real hunters are the ones leaving the retailers holding the bag when they got out.
@@AirelonTrading You realise this is so people, unlike you, who don't have knowledge in market movements can get an understanding of what was happening with being confused. It was how he started the video
I kinda feel bad for the naive young people who have no fucking clue why GME is going up and think it's a good investment only to lose everything, and the people who pocket the difference posting massive gains which in turn lure more people in. On the other hand it's funny to see the professional short sellers get their shit pushed in by random degens buying a garbage stock at sky-high valuations. I'm conflicted
Webull user here. Holy crap was that a fun pre-market. I can just imagine all the suits pulling their hair out and punching their monitors. Serves them right. It's a dirty game. Not so funny now that the commoners have a go.
The greed and awareness goes even deeper. I'll explain I was part of the early wave of analysts that checked out gamestop in october and realized the massive short imbalance against a not-bad company could be profitable. We bought up hundreds of thousands of shares of stock in october hoping to sit on them but also drive the price up a little, maybe a few cents. But then an interesting thing happened. Just as we bought up our shares, hours later, a massive number of "put" options were purchased against us. "Put" options are a type of financial instrument that is similar to shorting, it lets you profit off of downward moves and also drives the price down. It also caps losses. It's essentially shorting but with a few protections in it. Anyway. These "put" options flooded the market and counterbalanced our share buying within hours of us buying. Someone out there with LOTS of money was ACTIVELY monitoring and FIGHTING us. They did not want the stock to go up. So it's not like they just accidentally went too far with their shorting, they KNEW exactly how far they went, but they believed they were so powerful they could fight anyone trying to buy the stock by countering them with put-options. But we kept our shares, and we helped to spread the information of how imbalanced the shorts were. More and more buyers kept coming in. But the fighting continued. Whenever there was a price increase the was a subsequent massive order of "puts" to hammer the price back down. But things broke on january 13th. Finally all of our buying overpowered the puts and the price spiked 90% before the other side was able to cough up enough puts to reign it back in. At that point WSB joined in full force and brought their buying power to catapult the stock to what you see today. All this shorting isn't simply a case of just going too far, it's active manipulation of the price as evidenced by the put-buying to counteract all of our moves. But as you say, there are too many of us now with too much time to get fooled.
Wsb was in on this waaaay before Jan 13th. Which is why one of their members turned 53k into 13mil because he saw it back in 2019. Obviously wasn't a super popular move back then but over the last couple months has gained TONS of momentum.
Stop holding back Louis. You should tell us what you really think. Personally I'm beginning to have doubts about the ethics and honesty of: stock subreddits, stock market media commentators and hosts, hedge funds and options speculators ... pretty much everyone.
What's funny is that when 1 person wins in the markets that means someone has lost, the GME incident is just Wall Street losing money to retail, quite refreshing to see a wealth transfer the other way around for once.
@@RS-uo2nd it’s entertaining to see so called professionals require bailing out. I do trade and understand that sometimes you need to walk away from the trade. They have been shorting it for years, take your profit and move on.
imagine trying to rationalize human behavior and thinking people generally buy things not because of emotions,memes,status but instead being rational robots. everything people do has to do with emotions and lots of factors that dont usually make sense. markets are a meme.
No it was not a meme. Wallstreetbets bought based on public information about 140% short, and that they expired tomorrow, therefore having the possibility of a squeeze. Hedge funds tried to manipulate the market, but failed as reddit saw through their lies.
@@erikbjork8220 yeah thats the smart part but tell me this. you think majority bought below 50 usd or not ? dont think so. people are literally saying they have no idea what they are doing but buying this stock over 250 usd. tell me how this is not a meme and actually rational behavior lol . and these people also talking about never selling. yikesss i cheer people who bought early and selling off to the institutionals short covering. but people who never sell will get rekt lol
Great video. The problem with the current economy (not just the market) is that it's propped up in every segment with the money printer going brrrr. They have to continue to do this, there is no other real release valve. It's going to come-a-gutsa. Same here in Australia, we have job seeker and job keeker programs, business cash flow boosts, mortage holidays, super fund emergency access etc etc, and it's all going to stop soon, and that's when you better be in front of an empty chair when the music stops.
@@joeybab3 was same for me. Graduated in 2007. Still have student loans, working 50+ hours a week for past 3 years just to float by with my 8$ turkey footlong from subway, which used to be 5$. Lmao.
This is such a well explained videos . Thank you Louis. knew nothing about stock except buy when low , sell when high. Didn't know what shorting stock means. I enjoyed and learned so much. Not to mention your natural humor just make the whole video so entertaining. Wished you were my prof
“the people have no idea how much power they have” looks like we just found out. time to trim the hedges. TO WARRRR!!! BUYY!!! HOLD!!! see you guys on the front lines.
@@prdeksmrdek Don't try to time the market, FOMO (fear of missing out) is one of the biggest reasons people lose money, simply by being too greedy. Sell a part of your shares in said company to recoup your initial investment, and then you can let the rest ride a bit futher, go for a decent margin, and be content. Don't try to hit the jackpot, cause then you will lose money.
The computer guy who teaches you how to repair and shows you how incompetent politicians are and how greedy landlords are and how stupid covid rules are now bringing it further with Stocks! You rock dude.
Conspiracy theory, Louis is really a mod at wallstreetbets and made millions of game stop, then bought commercial real estate in nyc and refuses to rent it.
It would be funny until you remember that these big investors are actually investing *other people's* money, and those other people actually are the victims here. The average shlub with 50k in an IRA didn't decide to over-short GME for the last 5 years, but right now they are holding the bag because the fund-manager they entrusted their IRA to did.
Are they investors though? I have no problem with investors, that'd just be someone who funds a new business (or expansion) in exchange for getting a cut of the profit. That's fine. Even most security trading etc has a direct purpose, and proper speculation has a purpose in correcting market values. The problem's with people seeking to exploit this, such as people who buy stock and then artificially drive up its prices to sell at a profit, and the reverse (e.g. done through shorting).
@@stormd and this, right here, is why you don't have other people invest your money. "Oh I'm sorry we lost a third of your portfolio in the first month of the year" "I want a refund" "no"
I am one of those idiots. I invested about 550 dollars at 35 a share. Doubled my money sold my initial investment on Friday and still have 8 shares left. the market took a huge turn today and I didn't sell my shares. We are not stockbrokers we are idiots trusting other idiots that have knowledgable info. We're as stupid at the dudes in the suits. We are just easier to blame.
May I also let you guys know this was my first time investing in stock. after I make some money I'm pulling out of the market. I am not a stockbroker just an idiot with a couple bucks to blow and it panned out.
What I would say, as a person who was a broker briefly, you shouldn't be depending on Brokers for information ever. They are to help facilitate your transactions, maybe to educate you a bit, but I would not trust their information. The best hot tip you'll ever get is it there are no such thing as Hot Tips. If somebody really had inside information, then using it would be illegal, and you don't want to play games with the SEC or the IRS they will eat you alive. And if it isn't real inside information, then it's no better than what you can find out yourself with a simple internet search. I was a broker for about a year, I hated it. I love investing, I love digging for information, I hate trying to sell other people. Because a lot of what you're basing this on is risky, and I don't want to risk somebody else's money. I especially don't want to do it for a commission. So I was a failure as a broker, but a success as an investor. This is the investing philosophy that has served our family very well: if you use a company's products or services, and you like them, and you would buy from them again, then that is a company you should seriously consider investing in. Let me give you an example. This is how my parents taught me. My parents gave me an Apple 2 computer in 1980, along with a single share of Apple stock. The stock certificate held with the transfer agent. At that time you could send off a check for any amount to the transfer agent and once a quarter they would take the money that people had sent in and would buy shares. You didn't gett choose the time or price, but zero transactions fees, and partial shares. I was 10, so it's not like I was throwing down big checks. But it got me motivated out there cutting grass, finding services that I could do for the people in the neighborhood that they would pay me a dollar or two to do ( some of which would get you arrested today, a ten-year-old killing squirrels with a 22 for pecan Growers). And every week I would send off a check for what I had earned. It might be $10, it might be 20. But I was very consistent about it all the way through high school and college through the years when we thought Apple might actually go out of business, I kept throwing $25 here $50 there at it. Ironically I gave up on Apple around 2004. I stopped investing in them, but I didn't sell my shares. Today, that is by far my single largest position. Another example, the first PC I built, I built with an Athlon processor. So I started buying AMD. And I bought AMD from 1996 until the present day. $50 a month. It used to be free, now generally there is a small amount that you are charged, but it's a very small fee, and because you can buy partial shares, it's worth it. For example, I've been buying Amazon for years, but I am putting $50 a month into it and I can't afford to buy full shares, but through Computershare I can buy $50 worth of Amazon a month, and I have since 2010. You see I'm not talking about massive amounts of money, generally I have between 8 and 10 stocks that I invest in every month through either Computershare or Equiniti ( depending on whether or not they are US traded securities or ADRs). Those are my regular Investments. When I accumulate a chunk of cash, I'll use eTrade to buy a chunk of stock. I'm 50, but without ever really having earned a huge income, I've done very very well. Yes, big companies, major Traders, hedge funds, mutual funds, they can move the market in the short-term. And no, it's not fair, but if you ignore them, and just do the dollar cost averaging ( and that's the term you need to look up), in good companies, then you will benefit in the long term. I buy stocks whether the market is up, down, or sideways. I have now for 40 years. Pick 8 stocks that you like, put $50 a month into them through Computershare (Intel, micron, amd, Amazon, alphabet, Pfizer, Apple, McDonald's, coke, tsmc, southern company, etc), don't look at the stock, unless there is a real good reason. Anyone who tells you you can time the market, is a fool and they are misleading you. Choose good companies, whose products you use, and would again, and then invest in them. I've had my ass handed to me many times. For pity sake I followed Apple from the time that Jobs was fired, until he was rehired, and it was not certain that Apple was going to stay in business at all. Same thing for AMD, buying at $60 a share and following it all the way down to around $1 a share. I bought stock in a A123, who was the battery maker for Tesla, and they flat went out of business and I lost every penny of that money. GE has been a painful road. So has BP. I mean huge losses on both, but the win out weigh the losses, by a lot. Crashes are painful, to watch 60-80% of your paper value go away overnight, but they're also very exciting because that mean everything just went on sale, and you look for whatever company that you still have faith in that got hurt the worst and go and start buying them. AMD for me, has been probably the happiest story. Because I was such a fanboy for them for years, and just watch them slowly drain away. Then, lo and behold, ryzen... and all past sins were made up for, and I am as happy as I can be with that. The point is, I'm not a doctor, I'm not a Wall Street analyst, I'm not being paid half a million a year by anyone. I've had solid but not extremely lucrative jobs my entire career, but I made a choice to live within half of my annual earnings, and the other half got invested from the time I got my first real job. I know this is a book of a post, but you can do it too. It just takes persistence and consistency. Don't look for a fast Buck. This GameStop thing while I have enjoyed it, was not real investing. It was my taking a gamble quite frankly. And it paid off. I can laugh about it, but I don't have any delusions that it was some Superior intellect or decision-making that led me to it. It was just a whim with some spare cash, that happened to pay off, like buying a lottery ticket. For serious investing, see my philosophy above, also investing means 10-year Horizon minimum. If you aren't willing to leave that money in that investment for at least 10 years, and be at peace with annual variations of value of 60-80 plus percent, then you're not ready for investing. I've seen my portfolio get cut in value on paper by 80% in a day. I called my Mom who is our family's major investor, and we just simply started strategizing who did we want to buy who was on sale. In that case, Apple, McDonald's& Dollar General. I wish you all the best of luck, I understand the suspicions and the hatred you may feel toward Wall Street, because like I said I was a broker I understand. But it remains that investing in stock in my humble opinion is the most reliable ticket you can have to leverage the money that you earn and turn an income into wealth.
If you’re not confident about picking shares, just use an index fund and get the top like 500 companies and make the 8% average return the market makes
The institutional investors will go lobbying and crying to the folks in the US Congress. Why can't you protect me from WallStreetBets. Save me, control the people, says the crooked investor to the bought and crooked politician!
The stock market is like going to the casino. Unlike the casino if you are good with counting cards it is not cheating. I wanted to put $1000 into AMD 5 years ago, but I had to take that extra 1K put down on a car to replace the one that got stolen. Like the casino if you can't afford to loose. Don't play. Short selling does seem like going to a casino to make calculated investment.
@@warrenpuckett4203 just a note - counting cards is considered cheating only in certain locations. It's referred to as advantage play, and is legal in Atlantic City, despite the wishes of the casinos. Meanwhile, if you get caught in Vegas doing it, it will get you banned for life, and your mugshot in the griffin book.
Literally couldn't find any relevant info on this topic for the last couple days, like I didn't even know short selling was involved. Not like I did a ton of digging, but it's amazing how useless news outlets are today. Thanks for another helpful video Louis.
I absolutely love Louis Rossmann. He has balls of steel the size of basketballs, and a brain to match. Best of all, he’s fighting the good fight. We are lucky to have him.
Might be the only one we get. If they don't find an out, you just know that they're going to lobby lawmakers HARD for new regulations governing retail investors. They will tie our hands behind our backs again at the first opportunity.
@@CrashTestPilot I'm a staunch defender of capitalism because I believe a guy with a job that invest in the stock have the best possible chance of a good life, compared to any alternative anywhere in the world. But if I find out the stock market is massively manipulated to rip off shareholders and transfer wealth to a few individuals, by the supposedly neutral institutions or those with duty to represent all shareholders, not just hedge fund managers, I will reconsider.
Keep in mind that Andrew Left, the guy central to all of this was such an awful market manipulator that he got banned from the HK stock exchange for 5 years.
Ive watched nothing but vids on this topic for the last 48 hours, and this video is THE BEST EXPLANATION for it! Thank you! My favorite part was the analogy at 11:00 - 13:00. "Kids caught adults stealing, thinking to themselves "that's wrong!" And decide to teach the adults a lesson!" 🤣😂🤣
I like how every game person and such were all talking about these redditors negatively, when in reality they just snitched on the rich people using quick money schemes...
@@brianholtzmusicsound now that I look at it, tbh I didn't watch most of the vids cause I didn't have time, but the framing of the thumbnail with the reddit logo seemed to make the redditors painted as villains.
It honestly does feel like the concept of crypto applied to stocks by the insane people of wsb, after which other people also joined in to ride the rocket
The massive shorting wasn't the main reason to buy into GME, it was RoaringKitty doing incredible DD on the Gamestop financials and believing in its value. He thought people were too much hung up on the digital/physical games thing to see the value if they could change things around. He was laughed at but kept making bank on it. Even back in July the short-selling was noted to be high but more as explanation why Gamestop was currently undervalued. WSB eventually started believing him and by then the short-selling had continued way over 100% too, which was just one more reason to make this bet and stick it to the hedge fund morons.
Don't believe its just one reason or another its just a cascade of unfortunate (or fortunate depending on your perspective) of events that severely screwed over short bagholders.
I mean maybe hedge fund managers should have realized that when Ryan Cohen, the man who helped build Chewy from scratch, invested millions of dollars into GME, that short selling was a dumbass idea
![Chris Langan - The Interview THEY Didn't Want You To See - CTMU [Full Version; Timestamps]](/img/n.gif)
Something I want to make clear, I made this video when they had about 1 million members, they now have almost 9 million members and have completely changed their moderation team. The group has grown almost nine times its original size. I do not recognize it anymore. I do not recognize the group that at one point, recommended that I take a good look at securities that had potential like ICLN prior to the election. It now is a group of people, screaming about one stock, in this diamond hands never sell ever ever ever way... that is insane to me.
in this video, I mentioned that I do not always agree with them on everything. but I feel the need to say at this point in time, that this is not the group that I remember going to anymore. I don't think any group can grow it's size 900% in a week and retain it's initial characteristics. this appears to be a shell of its former self.
Thank you Louis Rossmann, For your Honesty and Transparency, Its the Highest Quality of your channel
Ah, the result of going "popular" or "mainstream": the original spirit and/or character changes, and not always for the better.
@Ramon Jack instablaster ;)
@Ramon Jack You are welcome :D
Looking back, I don't think the sub just 'changed' in the innocent way that you are implying. I think they got excited when they gained wide support and realised that even if GME was a meme stock amounting to a Ponzi scheme, as long as they got in early, they could be the scammers. DFV and every other person who got in early absolutely knew what they were doing when they deleted posts about GME losses, or posts criticising the sub, and the only reason it 'appears to be a shell of its former self' is because its original self decided to turn itself into a scam site. I appreciate your comment, but in retrospect I think you gave a little too much charitability to the 'OG' WSB.
When Wall Street does it, it’s ok.
When normal people do it, it’s market manipulation
You’ve hit the nail on the head, truly. Put on a suit and dole out financial advice and you can be “legitimate” too.
the 1997 asian crisis was literaly made by speculators, i don't think those speculators were retail traders with grandma's money or Wendy's paycheck
Sounds kinda like when politicians evade taxes and steal and launder tons of money
Same when senators do it vs someone like Martha Stewart
If we allow average individuals in cooperation to have power over incorporated entities that's basically communism, and that's illegal.
hedgefund managers getting played at their own game
OH NO THAT SUCKS
OH NOO
Anyways....
wont somebody think of the billionaires??
@@44tharia46 oh no my billionarinos
Well #learntocode is still a thing
Anyone want some popcorn?
I've got some popcorn: 🍿🍿🍿🍿
The media portraying investors with billions as poor little victims is hilarious
'These people are psychopaths!'
Just change investors with billions to billionaires and you would be right.
it's more sad and depressing.
They are their mouthpiece, no surprise.
"Oy vey dees poor poor investahs" ;--;
You could say they're trying to... controlthenarrative
GUH
No.... the mainstream media tries its hardest to tell the truth and be completely neutral!
It litterally cannot go tits up.
I always look at like 6 year old playing a game - the dominant one steers others with new rules (made up on the spot) to win the game.
GUH
If hedge funds are short on a stock, it is immoral to go long and hold onto your position (in their own words). The hypocrisy should be appalling. These guys dont feel bad about the families of people working at the companies they are shorting into the ground; they're only upset because now its happening to them.
on God these scumbags cause financial crisis and still make money while doing it but a few people in entry level job and students cause this mess ? b please 😂
Investing into companies that make things and hire people so that they can be successful is Somthing I have done..
But I can't stand people destroying companies profit...
I am okay with them short selling companies because that creates situations like this.
To be fair I am long GME currently.
Shorting a company doesn't affect the operations of a business. A company's shares represent ownership in the business and that ownership is traded on an exchange. Trading shares on an exchange has absolutely no effect on a companies revenues or profitability. The only ones who got hurt during the short squeeze are the ones who shorted gamestop most likely banks, hedge funds, or professional traders. It's funny because the professionals got burned lol
Hedge funds caused the death of millions why you supporting them? Their family can eat s h i t.
The elite doesn't like when they get played at their own game
Worthless fucks, they can only win by cheating and changing the rules. Then the ego gets to their head and they think they’re actually better than everyone else
Who are these elite I keep hearing about? Nobody ever names names, I just always here little taglines like elites, New World order, globalist etc.
htfcm financial elite aka the ruling class
The devil work over there at Apple.
@@SHUJINCELL you still hang out with Moses?
"She sold short shares on the seashore....."
I just chortled so hard 😂😂😂
Sally seemingly sold short shares on the seashore
When normies do what the elites do, expect the elites to do whatever it takes to stop them.
This is the thing right here. The game is rigged. The big money banks have politicians in their pocket. This won't end well because the hedges will use their connections to get the politicians to save them. To which the politicians will because they enjoy getting kickbacks and campaign donations.
@@Fx_-Actually you have no clue wtf you are talking about.
"A person who keeps up with mainstream media, and does what popular culture tells them to do. Or in general is into trendy garbage." - Urban Dictionary
"A normal person; one with commonly held beliefs, tastes or interests." - Wikipedia
right
One thing that's still a bit inaccurate here - the attention on GME didn't actually start with "hey, this is way over shorted, let's fuck with the greedy hedge funds". It actually just started with a guy who was really into gaming speculating on the future of gamestop after they acquired new management and changed their business strategy. Like, they're actually changing how they operate to become more of a space to play games than just a retailer, borrowing from the success of gaming cafes and the like, as well as moving into physical games like board/tabletop/card games. As I understand it, they want to become the new "Local Game Store".
_That's_ what started this - a guy did some research, posted it online along with his _very long_ term options calls that he dumped his life savings into, some called him a retard for a couple months while some actually looked into his research and agreed and bought in, those modest increases made for large gains on his calls, he doubled down, it turned into a meme, people started buying, the hedges started freaking out, and _then_ the fact it was shorted at 130% of its market cap became widely realized and people started tripling down just to spite the hedge funds as they started to blatantly manipulate the price to save their asses.
Just wanted to point this out because even framing it as "a bunch of kids called out greedy hedge funds for being shitty" is still a favorable interpretation for the hedge funds. It started as someone literally doing what they always tell you you're supposed to do - stick to businesses you know, do your own market research, and make informed decisions. What spooked the institutional investors is that this generally bullshit advice finally actually worked for someone who wasn't already "in the club".
DFV
Why is that advice generally bullshit? "Don't invest in stuff or industries you know nothing about" and "Don't get tilted" sound like good common sense advice.
Thanks for posting this. It's been frustrating the facts that are left out
Excellent post. Significantly better than the original video. However I think someone should mention that the backlash against WallStreetBets isn't just "hating" on the independent speculator, or some kind of generational vendetta.
Rather, that suspicious price activity like this is exactly what the SEC looks for when investigating potentially illegal collusion to manipulate the market.
Rossman thinks that the only way this activity is illegal is if it is coerced. But voluntary collusion would still amount to illegal market manipulation even if it is done by a larger group of smaller speculators.
Saved, thanks
"It's not about the money, it's about sending a message"
That is why we will win. Money isn’t my God. They’ve taken it all from me before and I can lose it all again. I’m taking these stocks to the moon!
@@KD-bk7gd If we want to truely take back the market then we need to go after larger buisnesses without needing them to take a risk on an individual stock like GameStop
@@sinception5034 agreed. This is one battle at the beginning of a larger war.
✌️👍🏼✊🏼🌅
@@KD-bk7gd Bruh... i am so sorry for your lack of knowledge about stocks. I feel sorry for you but my dude you are not going to the moon... you are going inside the ground when this stock crashes.
15:50 "A person that works all day has no time to make money" holds very true here. If you are at a job 8 hours a day, you are preoccupied by your job. If you sit around all day you get creative - or bored to the point where such a activity is no longe mindnumbing to you
*It's not about the money.. it's about sending a message.*
Exactly I made a shit ton already but if it goes to zero that’s fine too I don’t care
Ideally I pull out at the perfect time lol
they are done, its gonna be over 200 tomorrow
You get what you fu@#!ng deserve!
@@kxrnxtxn1911 it 209 right now
Funny how they kept halting all morning while the price is rocketing and claim it's due to "volatility" but when the price tanks almost $100 there's no halt.
This is why you put your sell orders on limit right after you buy the stock.
If i buy at 10$ and plan to sell at 100$, right after i buy, i place my limit order to sell at 100$.
It doesn't matter if there is a halt, if brokers login crash do to high user volume etc. If it stay's at 100$ for 0.2 seconds.
I get filled at 100$ ( free stock tip)
Set your limit price to 420.69 so even if its there for just a millisecond you get it
@@acsiata except when the order does not get filled because nobody is buying.
@@bufordmaddogtannen they are forced to buy at any price...that's what a short squeeze is.
@@user-ff8sp3xl3c in a context of a short squeeze yes. When going long saying something along the lines of "set the sell price you want immediately after buying the stocks, and badabing, guaranteed money" it's no guarantee of anything.
Joke that made me die on WSB:
I'm not selling until my wife's boyfriend tells me to and let's just say we are not on speaking terms.🤣🤣🤣
🤣😂 Awesome! It's a modern spin on "Till the fat lady sings."
"I don't mind a little ketchup on my hotdog if the bun is tight."
The bun is quite tight.
Ya gay bear
I love this one: "My mom said I should sell my GME shares. Should I get a new mom?" (all the answers were: YES YOU SHOULD). LOL
The best one is “we just have to be retarded longer than they can be solvent”
He's like an intelligent Joe from Impractical Jokers
Cant unsee this now 😅
This is exactly what I was trying to find
69 likes, nice
Always thought this too
This dude needs to testify in front of congress and explain it just like this.
Congress will go “Hmm.. interesting...” and go into a back room and accept “campaign donations,” and nothing will change.
I think Congress already knows, but if he does get a platform like testifying in front of congress, it has potential to even go more viral and his message would reach a wider audience and make a more informed public
All congress knows is that their family and friends all are losing money because of this.
Don’t worry A.O.C. is on top of it.😂🤣
Congress will back the hedge funds
Here is a comment from marketwatch:
"I'm a professional Game Dev and I've been joking (and being serious) for years that once financial systems become accessible to common people, many of which have also grown up as gamers, this kind of advantage-taking of mechanics and systems was inevitable. Rest of the word, welcome to the gamer mentality of playing and abusing game mechanics. Now y'all can suffer in the real word what we as Designers have suffered to control in the virtual word for decades LOL. GG,GL,GF"
This guy is more right then anybody will ever give him credit for
lol makes sense
Until they start lobbying to implement new game patches that screw over retail under the guise of help.
Seasoned casuals of a game watching a speedrunner and yelling 'Cheater!' when he guts the game open.
@jev thoughts?
Gg, gl, gf. Lol.
A guy on MSNBC deadass said "Executives are people, they have feelings."
Lmao do u got a link
It's about time they #learntocode they can find another job
Nm found it. th-cam.com/video/aZHTm0N59Rc/w-d-xo.html
If Greed and Selfishness are Feelings, yes, they have too much feelings.
Regular people have feelings, and they are feeling anger.
You explained everything so beautifully and clearly except *the gloves*.
You are fifty plus making prank call videos. Please go do something of value. Like manipulate the market
@@Eulogy466 dude, not cool. chill out.
If the gloves is what your worried about go rethink your life this weekend smh simple ass panzys
@@Eulogy466 fuckin savage
@@Eulogy466 ha ha ha, good one
This is hilarious. Institutions have been manipulating the markets for years to make a fortune at the expense of retail plebes. Now they are mad when there is one instance of it happening to them? I don’t have any gme, but I hope it keeps going up long enough to make them give up and cover their shorts and get rekt.
Dude, Citron needed bailout and it got one and they keep going instead of cutting loses!! And you wonder how 2008 crisis could happen? Imagine betting on short bets, basically, you bet on a bet bet.
@@FVBmovies I'll see your bet bet and raise you as much as you'll let me!
@@FVBmovies Yep sadly the powerful people will get all the bailouts they need even if the government has to float them a 1% interest loan for a decade.
@Dem Stinkies how about we see them get rect and then GME can go back to being shitty again
They got too greedy, now they have to pay the greed tax.
Greed tax....I like it
Greed tax paid with greed money so what
The pun of the story is those that aren't educated that they will pay capital
Well well well, if it isn't the consequences of my own actions
Biggest sins are greed and fear
This is the best “Explain like I’m 5” I’ve seen. A lot more people need to see this!
COULDN'T AGREE MORE!!!!
Haha, so true
Groucho Marx - 'A child of five could understand this. Send someone to fetch a child of five.'
Idk. He kinda skipped over describing what “margin” was without much elementary detail. As a 5 year old, that didn’t help me much
*What is more important is that the little people class-action into jail ALL exchanges, institutional investors, and government agencies that collude to censor and attack the little investor for RESISTING big thief market manipulation.*
Thanks again for your insights. After spending several years in the industry, and being fully aware that doing the opposite of what the neophytes are doing, will always keep me financially sound. There is a great old expression on Wall St. " bulls and bears will always get fed, pigs will always get slaughtered." Most funds have specific parameters they follow (if they are disciplined). When I had clients, my rule was the stock goes against us 8%, I don't care if it goes $2000000 the next day I bought it wrong. We sell the stock, lick our wounds and move on. Understanding your thoughts and being in agreement with 96% of those thoughts is why I am adding this for your viewers. They short the stock, they're borrowing shares which they're going to have to pay money is fees or interest on that amount of shares that they borrowed. Now the situation arises where these guys get together on these platforms and do what they're going to do, so now they're buying the stock. Now there's three sets of shares in a sense that can also be borrowed and sold short. Adding fuel to the fire. First of all this is definitely signaling guy Market top this will be the third major major correction that I've been involved .I mean major correction like 08, 2000 and 87.That said, an Institutional Trader, meaning somebody that works for Fido, Vanguard, Etc. These people get fired for a being that negligent. In the case of the hedge fund managers. if I know myself if I had money with hedge fund manager and the losses at the end of the year if you know made it where instead of me making 20% I only made 6%, I I pull my money out of the account saying this guy's a cowboy, Renegade, or flat-out, a gambler. I watch this game stop Trade I watched AMC trade. I was watching dozens of two three four hundred thousand chair tranzactions going by the time I had seen a few million million and a half share transactions go by. This is when Gamestop was you know, like three hundred bucks. Do the math. These guys are buying that much, that many options, the market makers the Brokers, they have got to go out and purchase at stock. By the way, the love the fact that you you can make fun of yourself. Yeah you're a jackass, like I'm Alex karp. keep doing what you're doing by the way you speak well. Much success. JD
Much better explanation of this than the finance YTers I've watched.
It has inaccuracies like the one where he said the worse thing that can happen is that you lose your initial investment. If you have stock you might have to pay a part of the debt that wasn't covered by the assets of the company.
Gotta be pretty dumb not to get this
@@bobfg3130 no you don't, that's only if you have margins turned on
@@djle47 they can keep their short positions open as long as they have enough collateral to not get margin called. a lot of institutions have outstanding short positions for years. if they get margin called, they can just keep finding more money (through debt or equity) to keep their collateral afloat
@@bobfg3130
Owning common shares does not carry debt liability. You would simply lose your initial investment.
This is about Options Trading. The more you learn about options, the more you can't understand how it's legal.
It is literally trading contracted shares with leveraged money you don't have and pocketing the difference. It's also how millionaires can go bankrupt overnight.
*HOLY SHIT, THE STOCK, IT MAXXED OUT AT $469.420 TODAY, WE LITERALLY MADE A MEME STOCK!*
Lmao
Wait til next week
Let's get those numbers up, those are rookie numbers
@Mantelar but think about how many tanks and guillotines we can buy with their own money.
Nice
Over-leveraged short sales: \*Costs hedge funds hundreds of millions of dollars*
Mainstream media: "Why would r/WallStreetBets do this?"
you get what you fucking deserve
@@honchoryanc 🤡
*billions of dollars...just today alone 😂
Screw these people. They didn’t say crap in 2008 and our tax pay for that crap
It's a beautiful thing.
“Institutional” I can’t get that word outta my head. What a corrupt “institution”
The dudes at the big boy table are mad some sewer goblins with a gambling addiction are pissing in their champagne
Time to shit on their plate
This is the way
@Inthe Flow You guys.... My good man, help us out and yolo into $BB. Maybe even $GME, the battle is not over.
@@kasremeeus4904 hell nah. It's a stock, and we know what stocks do
🚀🚀🚀🚀🚀🚀
@@bruhmoment1835 I'm currently 2k into $BB it better go to fucking Neptune 🚀🚀🚀🚀
Lesson for me: when you see an very powerful & rich person playing victim, he's totally responsible for what's complaining about.
That’s everyone “playing” victim.
Hedge funds: *WE CAN'T **_BELIEVE_** YOU LET US LET YOU DO THIS*
Underrated comment.
Ah how a TH-cam comment can really hit the spot.
Hacker 4chan has done it again lads!!! Holy shit!!!
It's like the same thing of the housing crash in 2008, but is only screwing the hedge fund managers this time.
4 years of Trump: "He says mainstream media can't be trusted, what a LIAR!"
4 days of GME: "Mainstream media can't be trusted, what SHILLS!"
Assuming everything they say is a lie is just as stupid as assuming everything they say is the truth. You may choose what kind of idiot you want to be.
@@86400SecondsToLive Everything you read in newspapers is absolutely true, except for that rare story of which you happen to have first-hand knowledge. - Erwin Knoll
If you come up with a "Dick In The Cookie Jar" t-shirt, I'll buy one.
Done
teespring.com/d-in-the-cookie-jar?pid=2&cid=2122%20
teespring.com/d-in-the-cookie-jar-mug?pid=658&cid=102908
@@rossmanngroup Dude, your fucking video needs to be spammed across the Wallstreetbets thread holy shit
@@rossmanngroup I love the cup
@@rossmanngroup pics, or it didn’t happen!
@@rossmanngroup From the westside Inglewood CA we send you More Love and power for our big brother,,, please keep going,
thank you a $1million.
Louis a real ass dude good coverage
Yes
Ayy fancy seeing you here! You onboard the $GME ship? 🚀🚀🚀
Such a breath of fresh air after all this Wallstreet bullshit trying to push their victim narrative
This is the way
Btw love your channel my bro
GME means I can finally send my wife's boyfriend to college.
You're sending me to college? Aww how sweet, thank you!
I hope you will be renting them a nice condo near campus with all that GME money. You don't expect them to live in campus residence like plebs, do you?!??!
Can I pay her boyfriend to watch?
rocket ship emoji moon emoji rainbow emoji bear emoji
🚀🚀🚀🚀🚀
This is probably the most entertaining and well-described video explaining this hilarious incident. Subscribed and I can't wait to see what other content you have to offer.
“ no no no! Regular people can’t manipulate the stock market! That’s bad! Only we can manipulate the stock market for our gain!!”
haha stocks go brrr
There are 2.5 million of us on reddit, maybe 1 million of them invested in GME, there is no way it's us pushing the price to 350, it's hedge funds fighting each other.
Down with Wallstreet 😇 to the moon Fido 🚀🦮🌝
@@viperswhip the general public outside of WSB is pushing too
Hehehe *stonks*
louis : "iam not a financial adviser"
yet gives the best description of short selling there could be
He kind of biffed it a bit though - he had the first part right: you borrow the share and sell it first. The second part was more confusing than it should have been though because he kind of said you sell it, get the money, and then pay back the money later for less.
It's actually much more simple: you borrow the stock and sell it, then later when the price goes down you buy it back and return _the stock_ to whoever you borrowed it from. Instead of "buy low, sell high" you're just changing it to "sell high, buy low".
Literally haven’t been able to understand shorting until now.
@@FallingPoets You’re not alone. 😂
@@bingbong3643 Thousand of people buying Gamestop stock didn't either. They will loose money in the end. That's inevitable.
@@Shawouin Not necessarily true: if the hedge funds are driven to bankruptcy and/or forced to abandon their short position, then there is no longer any downward force on the stock price from sellers. The stock only drops when people who actually own stocks (IE, not the short sellers LOL) start selling them.
I actually gained some respect for Reddit because of this, absolute madlads.
"Reddit" is a host name for many smaller forums. WSB litteraly says they are a 4chan colony in their name lol.
Just a bunch of anons that wanted to escape from 4chans /biz/ which is more crypto focused to talk about stocks.
fuck these hedge fund manager fucks
that over 100% short-selling is actually illegal, called "naked shorting"
this
I guess the penalty is substantially less than the profit?
Hedge fund managers can always learn to code.
best context for this recycled quote 😄
Or go work for a solar company.
😂👍🏼
Donald Trump's quote
Nothing like a good hunters becoming the hunted story.
They are not "good" hunters, there are options to buy insurance for risky trades like those. They failed to manage the risk. Those are not "hedge" funds, they are casino punters.
*poachers
“So uhhh you gonna sell your shares or what?” (Love your prof pic Matt B)
@Anna Kehrlein Well my point is those so called hedge fund managers are amateurs who risked everything on one trade. They are not really hunters. The real hunters are the ones leaving the retailers holding the bag when they got out.
It’s that raptor scene in Jurassic Park, normies are the raptors and Wall Street is the hunter that gets wrecked.
This is one of the best explanations of short selling I've seen online. On a similar note, here's a movie recommendation: Big Short.
Dan O'Seaghdha elaborate
@@AirelonTrading You realise this is so people, unlike you, who don't have knowledge in market movements can get an understanding of what was happening with being confused. It was how he started the video
@@jakinthejay6390 he's just a cog in the machine, trying to help his other rich buddies make more money.
As a new investor, all I knew was that we’re fucking over some cheaters. That’s all I needed! 10k donation to screw them over!
@@AirelonTrading do us all favor & explain it better.
Little guy sticking it to the man! Fantastic thing to see unfold!
This whole thing is fucking HILLARIOUS
It will become a Movie!
The Great short gone wrong!
A lot of people's 401Ks find it less amusing. Remember, they are not even playing with their own money.
@@andrewt.5567 who is "they"
@@andrewt.5567 They are not playing with my money. Melvin got Melvin'd!
By individual cost of entry, this is the most expensive meme of all time.
Louis wearing gloves so we are not blinded by his diamond hands.
WSB is a clusterfuck of line drawers and gambling addicts that keeps on giving and I love it
NEVER mess with no life nerds with too much free time
I kinda feel bad for the naive young people who have no fucking clue why GME is going up and think it's a good investment only to lose everything, and the people who pocket the difference posting massive gains which in turn lure more people in. On the other hand it's funny to see the professional short sellers get their shit pushed in by random degens buying a garbage stock at sky-high valuations. I'm conflicted
Almost lost it at line drawers... 😂
@@excuseyou1526 it's like the market is artificial
APE TOGETHER STRONG 💪🏻
Who doesn't like to see greedy millionaire-billionaire getting played at their own game. 🤣
Cramer defended WSB today on CNBC. I'll give him credit for that.
He sees the shift in power
One of us
Maybe? He also warned the "short" community to wake up. Cramer just didn't like the dude in the glasses.
@@BACON2369 Fuck that guy in particular though.
That guys a loser regardless.
Webull user here. Holy crap was that a fun pre-market. I can just imagine all the suits pulling their hair out and punching their monitors. Serves them right. It's a dirty game. Not so funny now that the commoners have a go.
They can just close out the market and cancel their shorts like they did in 08
Yeah, I don't expect them to just roll over and take it.
The greed and awareness goes even deeper. I'll explain
I was part of the early wave of analysts that checked out gamestop in october and realized the massive short imbalance against a not-bad company could be profitable. We bought up hundreds of thousands of shares of stock in october hoping to sit on them but also drive the price up a little, maybe a few cents.
But then an interesting thing happened.
Just as we bought up our shares, hours later, a massive number of "put" options were purchased against us. "Put" options are a type of financial instrument that is similar to shorting, it lets you profit off of downward moves and also drives the price down. It also caps losses. It's essentially shorting but with a few protections in it.
Anyway. These "put" options flooded the market and counterbalanced our share buying within hours of us buying. Someone out there with LOTS of money was ACTIVELY monitoring and FIGHTING us. They did not want the stock to go up. So it's not like they just accidentally went too far with their shorting, they KNEW exactly how far they went, but they believed they were so powerful they could fight anyone trying to buy the stock by countering them with put-options.
But we kept our shares, and we helped to spread the information of how imbalanced the shorts were. More and more buyers kept coming in. But the fighting continued. Whenever there was a price increase the was a subsequent massive order of "puts" to hammer the price back down. But things broke on january 13th. Finally all of our buying overpowered the puts and the price spiked 90% before the other side was able to cough up enough puts to reign it back in.
At that point WSB joined in full force and brought their buying power to catapult the stock to what you see today.
All this shorting isn't simply a case of just going too far, it's active manipulation of the price as evidenced by the put-buying to counteract all of our moves. But as you say, there are too many of us now with too much time to get fooled.
Incredible
Wsb was in on this waaaay before Jan 13th. Which is why one of their members turned 53k into 13mil because he saw it back in 2019. Obviously wasn't a super popular move back then but over the last couple months has gained TONS of momentum.
@@danstat10 the mass hysteria started around then though lol. now every single person on wsb has 100% portfolio in gme
How much have you made so far? Apparently this rocket ain't stopping any time soon
@@Asuraai about tree fiddy
This is such a great explanation. These are terms I’ve always heard, but didn’t fully understand. Subbed
TO THE MOON
🚀
🚀
🚀
🚀
Get off of my youtube, you degenerate.
🚀🚀🚀
KEEP HOLDING 🚀🚀
@@mercisaun of course 💎🙌💎
It literally cant go tits up
Rocket Ship Emoji,
My wife's boyfriend agrees with this video.
Positions or ban!
hello shill
🤢
The lesson of the day, never bet more than everything against a meme stock when it's backed by WSBers. ;)
gme 🧻👐here. Sold at 15 Euro 😭
YOLO’ed back when it was $20 pulled out and yoloed again at 39
Stop holding back Louis. You should tell us what you really think. Personally I'm beginning to have doubts about the ethics and honesty of: stock subreddits, stock market media commentators and hosts, hedge funds and options speculators ... pretty much everyone.
@@fyt54321 It’s a battle of volumes and liquidity, stories and “opinions” are there to convince gullible “investors” to take a side
hey you’re the guy who made like 90 million videos on red dead 2
The wolf of reddit is gonna be a movie about this event I bet 20 years it will release haha
Won't be that long. Movie + book already greenlit.
What's funny is that when 1 person wins in the markets that means someone has lost, the GME incident is just Wall Street losing money to retail, quite refreshing to see a wealth transfer the other way around for once.
"we made our own trickle down economy" is a good comment om wsb in regards to this
Everyone needs to take ownership of their decisions, if things go wrong then it is your own fault. Things can also go well if you do it the right way
not true if I bought GME at $100 sold at $140 and that guy sold at $170 who lost
@@dmonk952 The guy that held too long and is left holding worthless stocks after the dust settles.
@@RS-uo2nd it’s entertaining to see so called professionals require bailing out. I do trade and understand that sometimes you need to walk away from the trade. They have been shorting it for years, take your profit and move on.
Investor: "and I woulda got away with it, if it weren't for you meddling reddit kids!"
And there dam 🐶
@@_-_--_ This is a feel good story all day long.
they deserve it! #fuckcitron
um... they did get away with it.
Who didn't see this coming, can't have the peasants interfering with the oligarchs
Or the peasants costing the oligarchs millions just because of a meme
@@tt2000hp Its not millions, its Billions.
@@ippothedestroyer let's make it trillions >:D
@@GamrGalore3K Lets hope, take from the rich to give to the poor.
@@ippothedestroyer see now i’m all for this until i become rich lmao, what big investors like that are doing is bad tho
I'm not even watching, i'm just here to say: HOLD IT!!!🚀🚀🚀
💎🙌
Lol that's all I see on webull
💎🙌🚀🚀🚀🌝
Hold the line
Hold it 👊🏽👊🏽👊🏽🚀🚀🚀
Wsb is not alone in this shit. They are just throwing everything at wsb now.
yeah you can see actual pump and dump with like Tik Tok investors, etc
True r/investing also got in even though they hate WSB.
Hell, Michael Burry was in on this investment.
@@Alex-ed1jo since 2019 already thought. His price average is amazing.
Even some hedge funds are buying in to GME. One hedge fund manager explained the law of reflexivity and said he’s rooting for GME and he’s in.
People who spend tens of years to learn the market:
Market: memes
imagine trying to rationalize human behavior and thinking people generally buy things not because of emotions,memes,status but instead being rational robots.
everything people do has to do with emotions and lots of factors that dont usually make sense.
markets are a meme.
Remember: memes matter.
No it was not a meme. Wallstreetbets bought based on public information about 140% short, and that they expired tomorrow, therefore having the possibility of a squeeze. Hedge funds tried to manipulate the market, but failed as reddit saw through their lies.
@@erikbjork8220 yeah thats the smart part but tell me this. you think majority bought below 50 usd or not ? dont think so. people are literally saying they have no idea what they are doing but buying this stock over 250 usd. tell me how this is not a meme and actually rational behavior lol . and these people also talking about never selling. yikesss i cheer people who bought early and selling off to the institutionals short covering. but people who never sell will get rekt lol
Great video.
The problem with the current economy (not just the market) is that it's propped up in every segment with the money printer going brrrr. They have to continue to do this, there is no other real release valve. It's going to come-a-gutsa.
Same here in Australia, we have job seeker and job keeker programs, business cash flow boosts, mortage holidays, super fund emergency access etc etc, and it's all going to stop soon, and that's when you better be in front of an empty chair when the music stops.
Well put Dave!
The dollar will probably fail before the stock market does right now.
Watching all this take place just as I’m about to be coming into adulthood sucks :/
@@rossmanngroup I think this "bubble" is a symptom of the failing dollar. Are all asset classes going up at once, or is the dollar going down?
@@joeybab3 was same for me. Graduated in 2007. Still have student loans, working 50+ hours a week for past 3 years just to float by with my 8$ turkey footlong from subway, which used to be 5$. Lmao.
This is such a well explained videos . Thank you Louis. knew nothing about stock except buy when low , sell when high. Didn't know what shorting stock means. I enjoyed and learned so much. Not to mention your natural humor just make the whole video so entertaining. Wished you were my prof
“the people have no idea how much power they have” looks like we just found out. time to trim the hedges. TO WARRRR!!! BUYY!!! HOLD!!! see you guys on the front lines.
Just don't buy too late or hold too long or you get screwed too.
@@phillipsusi1791 when should we sell?
@@prdeksmrdek when it peaks
@@prdeksmrdek Don't try to time the market, FOMO (fear of missing out) is one of the biggest reasons people lose money, simply by being too greedy. Sell a part of your shares in said company to recoup your initial investment, and then you can let the rest ride a bit futher, go for a decent margin, and be content. Don't try to hit the jackpot, cause then you will lose money.
@@phillipsusi1791 It's not about the money, it's about sending a message.
The computer guy who teaches you how to repair and shows you how incompetent politicians are and how greedy landlords are and how stupid covid rules are now bringing it further with Stocks! You rock dude.
Hedge Funds: 🍆🍪😲
Wall Street Bets: 🥜🚀🌕👨🚀
Conspiracy theory, Louis is really a mod at wallstreetbets and made millions of game stop, then bought commercial real estate in nyc and refuses to rent it.
Me: *comes here to find out what’s happing to game stop*
Me: well what the fucks happening in new York
Big investors acting like victims is so funny to me
It would be funny until you remember that these big investors are actually investing *other people's* money, and those other people actually are the victims here. The average shlub with 50k in an IRA didn't decide to over-short GME for the last 5 years, but right now they are holding the bag because the fund-manager they entrusted their IRA to did.
@@stormd then dont trust rich assholes
Are they investors though? I have no problem with investors, that'd just be someone who funds a new business (or expansion) in exchange for getting a cut of the profit. That's fine.
Even most security trading etc has a direct purpose, and proper speculation has a purpose in correcting market values.
The problem's with people seeking to exploit this, such as people who buy stock and then artificially drive up its prices to sell at a profit, and the reverse (e.g. done through shorting).
@@stormd and this, right here, is why you don't have other people invest your money. "Oh I'm sorry we lost a third of your portfolio in the first month of the year" "I want a refund" "no"
It was hilarious watching some of then yell, "Hey! This needs to be regulated!!!". LOL
WSB just started , now the whole retail community is with them, this is WAR.
amc express blackberry gamestop
He's hiding his Diamond Hands.
One of us!
We like the stock 🚀🚀🚀⛴⛴🌚🌚
Why else would he be wearing gloves while making this video
Let’s go to the moon guys! 🌕
Leave it to the best independant Apple repairman to make the smarts well done videos of ANY TH-camr or media personality. Well done.
I am one of those idiots. I invested about 550 dollars at 35 a share. Doubled my money sold my initial investment on Friday and still have 8 shares left. the market took a huge turn today and I didn't sell my shares. We are not stockbrokers we are idiots trusting other idiots that have knowledgable info. We're as stupid at the dudes in the suits. We are just easier to blame.
May I also let you guys know this was my first time investing in stock. after I make some money I'm pulling out of the market. I am not a stockbroker just an idiot with a couple bucks to blow and it panned out.
Alot more funny and ethical than the retards in suits too
What I would say, as a person who was a broker briefly, you shouldn't be depending on Brokers for information ever. They are to help facilitate your transactions, maybe to educate you a bit, but I would not trust their information.
The best hot tip you'll ever get is it there are no such thing as Hot Tips. If somebody really had inside information, then using it would be illegal, and you don't want to play games with the SEC or the IRS they will eat you alive. And if it isn't real inside information, then it's no better than what you can find out yourself with a simple internet search.
I was a broker for about a year, I hated it. I love investing, I love digging for information, I hate trying to sell other people. Because a lot of what you're basing this on is risky, and I don't want to risk somebody else's money. I especially don't want to do it for a commission.
So I was a failure as a broker, but a success as an investor.
This is the investing philosophy that has served our family very well: if you use a company's products or services, and you like them, and you would buy from them again, then that is a company you should seriously consider investing in. Let me give you an example. This is how my parents taught me.
My parents gave me an Apple 2 computer in 1980, along with a single share of Apple stock. The stock certificate held with the transfer agent. At that time you could send off a check for any amount to the transfer agent and once a quarter they would take the money that people had sent in and would buy shares. You didn't gett choose the time or price, but zero transactions fees, and partial shares.
I was 10, so it's not like I was throwing down big checks. But it got me motivated out there cutting grass, finding services that I could do for the people in the neighborhood that they would pay me a dollar or two to do ( some of which would get you arrested today, a ten-year-old killing squirrels with a 22 for pecan Growers). And every week I would send off a check for what I had earned. It might be $10, it might be 20. But I was very consistent about it all the way through high school and college through the years when we thought Apple might actually go out of business, I kept throwing $25 here $50 there at it. Ironically I gave up on Apple around 2004. I stopped investing in them, but I didn't sell my shares. Today, that is by far my single largest position.
Another example, the first PC I built, I built with an Athlon processor. So I started buying AMD. And I bought AMD from 1996 until the present day. $50 a month.
It used to be free, now generally there is a small amount that you are charged, but it's a very small fee, and because you can buy partial shares, it's worth it.
For example, I've been buying Amazon for years, but I am putting $50 a month into it and I can't afford to buy full shares, but through Computershare I can buy $50 worth of Amazon a month, and I have since 2010.
You see I'm not talking about massive amounts of money, generally I have between 8 and 10 stocks that I invest in every month through either Computershare or Equiniti ( depending on whether or not they are US traded securities or ADRs). Those are my regular Investments. When I accumulate a chunk of cash, I'll use eTrade to buy a chunk of stock.
I'm 50, but without ever really having earned a huge income, I've done very very well.
Yes, big companies, major Traders, hedge funds, mutual funds, they can move the market in the short-term. And no, it's not fair, but if you ignore them, and just do the dollar cost averaging ( and that's the term you need to look up), in good companies, then you will benefit in the long term.
I buy stocks whether the market is up, down, or sideways. I have now for 40 years. Pick 8 stocks that you like, put $50 a month into them through Computershare (Intel, micron, amd, Amazon, alphabet, Pfizer, Apple, McDonald's, coke, tsmc, southern company, etc), don't look at the stock, unless there is a real good reason.
Anyone who tells you you can time the market, is a fool and they are misleading you. Choose good companies, whose products you use, and would again, and then invest in them.
I've had my ass handed to me many times. For pity sake I followed Apple from the time that Jobs was fired, until he was rehired, and it was not certain that Apple was going to stay in business at all. Same thing for AMD, buying at $60 a share and following it all the way down to around $1 a share. I bought stock in a A123, who was the battery maker for Tesla, and they flat went out of business and I lost every penny of that money.
GE has been a painful road. So has BP. I mean huge losses on both, but the win out weigh the losses, by a lot.
Crashes are painful, to watch 60-80% of your paper value go away overnight, but they're also very exciting because that mean everything just went on sale, and you look for whatever company that you still have faith in that got hurt the worst and go and start buying them.
AMD for me, has been probably the happiest story. Because I was such a fanboy for them for years, and just watch them slowly drain away. Then, lo and behold, ryzen... and all past sins were made up for, and I am as happy as I can be with that.
The point is, I'm not a doctor, I'm not a Wall Street analyst, I'm not being paid half a million a year by anyone. I've had solid but not extremely lucrative jobs my entire career, but I made a choice to live within half of my annual earnings, and the other half got invested from the time I got my first real job.
I know this is a book of a post, but you can do it too. It just takes persistence and consistency.
Don't look for a fast Buck. This GameStop thing while I have enjoyed it, was not real investing. It was my taking a gamble quite frankly. And it paid off. I can laugh about it, but I don't have any delusions that it was some Superior intellect or decision-making that led me to it. It was just a whim with some spare cash, that happened to pay off, like buying a lottery ticket.
For serious investing, see my philosophy above, also investing means 10-year Horizon minimum. If you aren't willing to leave that money in that investment for at least 10 years, and be at peace with annual variations of value of 60-80 plus percent, then you're not ready for investing.
I've seen my portfolio get cut in value on paper by 80% in a day. I called my Mom who is our family's major investor, and we just simply started strategizing who did we want to buy who was on sale. In that case, Apple, McDonald's& Dollar General.
I wish you all the best of luck, I understand the suspicions and the hatred you may feel toward Wall Street, because like I said I was a broker I understand. But it remains that investing in stock in my humble opinion is the most reliable ticket you can have to leverage the money that you earn and turn an income into wealth.
@@thebarkingmouse wish louis could sticky your post.
If you’re not confident about picking shares, just use an index fund and get the top like 500 companies and make the 8% average return the market makes
17 Dislikes, all of them are the greedy institutional investors.
all of them are Andrew Left from different accounts
The institutional investors will go lobbying and crying to the folks in the US Congress. Why can't you protect me from WallStreetBets. Save me, control the people, says the crooked investor to the bought and crooked politician!
You spelled 🌈🐻 wrong
definitely one was my wifes boyfriends knowcking on the door for their first date! He decided to unlike and a take the return journey solo
Turns out the whole "meme economy" thing is legit now huh
Always has been.
But they just arrested a guy in Florida for a meme!😩
Stonks
@@OMGAnotherday yeah that's completely fucked
Shorting at over 100% could not possibly be legal, could it?
Bulls make money, bears make money, pigs get slaughtered.
The stock market is like going to the casino. Unlike the casino if you are good with counting cards it is not cheating.
I wanted to put $1000 into AMD 5 years ago, but I had to take that extra 1K put down on a car to replace the one that got stolen.
Like the casino if you can't afford to loose. Don't play.
Short selling does seem like going to a casino to make calculated investment.
@@warrenpuckett4203 just a note - counting cards is considered cheating only in certain locations. It's referred to as advantage play, and is legal in Atlantic City, despite the wishes of the casinos. Meanwhile, if you get caught in Vegas doing it, it will get you banned for life, and your mugshot in the griffin book.
🌈 🐻
It's literally the little guy vs the financial institutions.
The "Non Essentials" are causing them problems.
Yup. I think the best response to being deemed "non essential" is becoming a problem for those that can mark you as such. haha
@@Thehuntressband You tell them greg!
Literally couldn't find any relevant info on this topic for the last couple days, like I didn't even know short selling was involved. Not like I did a ton of digging, but it's amazing how useless news outlets are today.
Thanks for another helpful video Louis.
I absolutely love Louis Rossmann. He has balls of steel the size of basketballs, and a brain to match. Best of all, he’s fighting the good fight. We are lucky to have him.
Rossmann
@@mikedw6748 THANK YOU! 🤦🏻♀️
@@riledmouse4677 What's he doing?
@@Muddyowns go back to sleep
@@DIFFIEH 😲
I think that sweater looks pretty fresh honestly.
Fresh from the matrix. Lol love it
Yep kinda made me upset. My new sweater looks exactly the same and I thought it was nice
You can buy these in bulk for like $4 each.
Can easily sell them for $7 each on the street in August.
Was thinking the same thing...
Same
This is why I like Louis - he doesn't equivocate shit.
just says it plain
didn't think I could love this man more but here I am
Genuine big brain.
I love watching you fixing circuit boards, and I also loved your take on this.
Imagine betting that a company would fail and the internet hits you with a reverse and you go bankrupt
Then get mad when you have to pay everything back to company you wanted to fail 😂😂
This is the redistribution of wealth we need.
Might be the only one we get. If they don't find an out, you just know that they're going to lobby lawmakers HARD for new regulations governing retail investors. They will tie our hands behind our backs again at the first opportunity.
@@CrashTestPilot I'm a staunch defender of capitalism because I believe a guy with a job that invest in the stock have the best possible chance of a good life, compared to any alternative anywhere in the world.
But if I find out the stock market is massively manipulated to rip off shareholders and transfer wealth to a few individuals, by the supposedly neutral institutions or those with duty to represent all shareholders, not just hedge fund managers, I will reconsider.
@@sl66ggehrubt market is already manipulated by the fed. Maybe it's time to reconsider.
You know it’s gotten bad when Louis Rossman is talking about it
@@sl66ggehrubt it’s no longer capitalism when the government controls winners and losers. Blaming capitalism is exactly what they want you to do.
Keep in mind that Andrew Left, the guy central to all of this was such an awful market manipulator that he got banned from the HK stock exchange for 5 years.
So that's why Andrew left
Ive watched nothing but vids on this topic for the last 48 hours, and this video is THE BEST EXPLANATION for it!
Thank you! My favorite part was the analogy at 11:00 - 13:00.
"Kids caught adults stealing, thinking to themselves "that's wrong!" And decide to teach the adults a lesson!" 🤣😂🤣
I like how every game person and such were all talking about these redditors negatively, when in reality they just snitched on the rich people using quick money schemes...
Yes. I smell an emperors new clothes somewhere in all this.
@@brianholtzmusicsound now that I look at it, tbh I didn't watch most of the vids cause I didn't have time, but the framing of the thumbnail with the reddit logo seemed to make the redditors painted as villains.
So basically people can come together and function as crowdsourced and decentralized hedge fund to police the market
I think the term you are looking for is "weaponized autism"
@@Foc4ccin4 🤣🤣🤣🤣🤣
Like Bitcoin.
We should do this with all stocks, and see whos playing dirty
It honestly does feel like the concept of crypto applied to stocks by the insane people of wsb, after which other people also joined in to ride the rocket
KEEP HOLDING... They bleed out, any minute plays against them.
When you comment to help push the video to more people, also great explanation of short stocks, I finally understand it after quite a few videos.
Institutional investors and hedge funds disliked this video
The massive shorting wasn't the main reason to buy into GME, it was RoaringKitty doing incredible DD on the Gamestop financials and believing in its value. He thought people were too much hung up on the digital/physical games thing to see the value if they could change things around. He was laughed at but kept making bank on it. Even back in July the short-selling was noted to be high but more as explanation why Gamestop was currently undervalued. WSB eventually started believing him and by then the short-selling had continued way over 100% too, which was just one more reason to make this bet and stick it to the hedge fund morons.
Don't believe its just one reason or another its just a cascade of unfortunate (or fortunate depending on your perspective) of events that severely screwed over short bagholders.
It also cannot be understated how much people hate Citron research for the shifty pump and dump schemes. And they back the banks.
It's not that difficult to figure out that it's worth more than 3 dollars. B/V is roughly 14.5.
I mean maybe hedge fund managers should have realized that when Ryan Cohen, the man who helped build Chewy from scratch, invested millions of dollars into GME, that short selling was a dumbass idea
@@Mallchad They screwed themselves.
The MSN only telling one side of story? Not possible.
@Algo+codehawk They should be called MSMBS
@@justuseodysee7348 Rap News reference, nice.
Jim Cramer spoke positively of WSB today. Don’t believe me? Just find video from today. He specifically said this was not market manipulation too
Lord knows the MSM has been totally unbiased over the last 4 years...
@@tError4O4 Cramer is impressed retail investors out maneuvered the pros
oh my god, great explanation. This is the first video that I found that explains clearly how market manipulation works. Thank you
So they are mad that someone outplayed them in their own game.
Reddit: buys stock for memes
Career investors: no, this isn't how you're supposed to play the game
“They diamond-hands, they held” 😂
These institutional investors, hedge funders and short-sellers are about to experience for themselves the true terror of "guh".
But they literally can't go tits up using margin, right?
Lmao thank you for reminding me of this video
Their Niche has 'successfully' been invaded and they raging.