GameStop & AMC Stock Explained

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  • เผยà¹à¸žà¸£à¹ˆà¹€à¸¡à¸·à¹ˆà¸­ 6 à¸.ค. 2024
  • When Hedge funds stand to lose billions overnight, there is no end to the number of underhanded tricks they will pull to dig out of the mess they created for themselves. With the spotlight on GameStop and AMC stocks, a new type of stock investor has emerged, the Retards, as they call themselves. Everyone has heard something about this on the news. But what you may not understand is how these, and other stocks, have been manipulated to the nth degree.
    In this video, I will have GameStop & AMC Stock Explained, and what companies like Melvin Capital and Citadel were doing to make money, how Keith Gill and WallStreetBets managed to bankrupt Melvin Capital, only to later be bailed out by Citadel and Point72 at a tune of 2.75 billion dollars. Yes, that’s with a “Bâ€.
    We even know that the Short Squeeze hasn’t happened yet, because every day they are making the most desperate moves, continually forcing the prices lower even as I write this. By driving the stock prices up, and down, they are desperately trying to make enough money to cover the bloodbath that is coming. Eventually, they will need to buy these stocks back, and they are trying desperately not to go out of business in the process.
    NOTE: The information provided by John Ross is intended for entertainment use only. Please consult with a registered professional before acting on any information herein. This is a loose guide, based on my own opinions, nothing more.
    0:00 Gamestop & AMC Short Squeeze Explained
    1:23 The Hedge Funds
    2:37 What Did WallStreetBets Do?
    3:22 What Did Keith Gill Do?
    3:54 What Happened on January 28th?
    6:20 Why Do GameStop and AMC stocks Go Up and Down Together
    7:03 What Did Congress Do?
    7:55 Is Any of This Legal?
    8:18 Can Any of This Profit Really Happen? Or Is it All A Dream?
    9:42 Can AMC Do What GameStop Can Do?
    10:19 A Serious Warning
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ความคิดเห็น • 27

  • @FinanceonaBudget
    @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§

    I have a bunch of Beginner Stock videos in a playlist. Be sure to check them out. th-cam.com/play/PLTI8BkHYGcZ_giK3wvslxWisbS7r5q4Mc.html Thanks for watching and liking this video!

  • @tflo6198
    @tflo6198 2 ปีที่à¹à¸¥à¹‰à¸§

    Thank you for the solid AMC content

  • @roeskinasym7903
    @roeskinasym7903 3 ปีที่à¹à¸¥à¹‰à¸§ +2

    Video put together very nicely & clean!!new subscriber

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§

      Much appreciated!

  • @JasmineJazNguyen
    @JasmineJazNguyen 3 ปีที่à¹à¸¥à¹‰à¸§

    Great video!! Deserves more views.

  • @lurking8oh840
    @lurking8oh840 3 ปีที่à¹à¸¥à¹‰à¸§ +4

    Apes not morons

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§

      I did mention Apes shortly after the introduction, but out of context, the term Apes didn't make sense yet without proper setup.

  • @robertlubin3040
    @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§ +2

    Hopefully this squeeze happens soonðŸ™ðŸ½ðŸ™ðŸ½ðŸ™ðŸ½ðŸ™ðŸ½ðŸ™ðŸ½

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§ +1

      After the past 3 trading days going down, and today was particularly brutal, I'm right there with you.

  • @chrisfern4699
    @chrisfern4699 3 ปีที่à¹à¸¥à¹‰à¸§ +1

    I appreciate the effort and time you put into making this video. I will continue to hold strong for my AMC shares. I really hope it squeezes seriously.
    (Edit) I’m just worried the federal government might get involved at some point and possibly keep us from receiving our money.

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§

      Trust no one. I'm not sure who will actually ruin this for everybody, but I lost my house to fraud that was clearly a bank run illegal scam. I proved beyond doubt the sale was illegal, but it didn't matter, the judge ruled for the bank. So my best guess is that they will throw Melvin Capital under the bus, tell everyone it's over, and never pay a penny.

    • @chrisfern4699
      @chrisfern4699 3 ปีที่à¹à¸¥à¹‰à¸§

      @@FinanceonaBudget I’m sorry to hear that. I couldn’t imagine how stressful that must’ve been. I hope and pray your doing much better now and hopefully good karma can come out of this and you & I can be rewarded with this squeeze. However if someone does get in the way of the squeeze and takes it from everyone, I hope we people rise up and cause a storm similar to the effect of that mob invading the Washington.

  • @robertlubin3040
    @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§ +1

    Great video! I'm definitely holding a good amount of shares of GME and I hope they make the hedge funds PAY!

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§ +1

      I also stand to make hundreds of thousands if this works out, but you know they wouldn't give in without a fight! No one said this would be quick, or easy.

    • @robertlubin3040
      @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§

      @@FinanceonaBudget true that!

    • @robertlubin3040
      @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§

      @@FinanceonaBudget also, would it be best to hold onto all the shares I have now and continue buying the dip or sell some and rebuy them back at a lower cost to avg down my cost of $167?? What do you think? I just don't want to have to sell and then it spikes up and I screw myself because if I sell, I have to wait two days to buy back due to the fact I have two GFV on WeBull

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§ +1

      @@robertlubin3040 Be careful with the GFV's. I took one hit a few months ago, but it was worth it. Not advice, but selling on a bad day makes no sense at all. Buy the dip, if your so inclined. HOWEVER, this current Dip has been ongoing for days. So don't get greedy and buy all 10 shares at once. "Ride" it down. Buy one, in a few hours buy another, if lower. In a few hours, buy another one. Even better, wait for it to actually stop dropping. If it goes up, don't buy, because if you wait long enough, it will likely come back down again. Also, don't get greedy, and all FOMO about it. If you think buying at $130 or under makes sense, then do that. If you have to wait, then wait. If you miss out, then you miss out. As I teach in my other videos, make a plan, and execute that plan. Once you deviate from the plan, that's when everything goes off the rails, and you overpay.

    • @robertlubin3040
      @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§

      @@FinanceonaBudget thank you! Make sense. I wished I had sold when it was at $340 and I was up $5000 but my price target was $400 and it only reached $348 before that major drop and it never came back to that price point again, so I just been holding and adding more and more shares to my position during the dip for when it does get there again, I'll just have a bigger profit.

  • @basicinfo2022
    @basicinfo2022 3 ปีที่à¹à¸¥à¹‰à¸§

    Informational. Consider doing a video on Bitcoin.

  • @robertlubin3040
    @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§

    Question. Is it possible for them to stop the squeeze from happening?

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§ +1

      Anything is possible. Everybody involved knows everybody else, and they will more or less cover each-others back. In no way are they going lose billions after all this. They are waiting for the majority to lose interest, sell off after a half-way decent day, the stock delusion will allow them to buy back all the stock they need, and GME and AMC will take the profits and use the revenue to rebuild their brand. We may do $300-500 one more time, but I doubt it will be anything higher. Obviously, I could be wrong, but however it goes down, I side with the Wolf of Wall Street on this, as I am around his age. This is a bubble, it's going to pop, and I do NOT want to be on the losing side.

    • @robertlubin3040
      @robertlubin3040 3 ปีที่à¹à¸¥à¹‰à¸§

      @@FinanceonaBudget got it!!! Make sense. Yes, $300-500 is cool with me but some people are talking as high as $1000-10,000🤔ðŸ§. I'll take either or haha

  • @maddogsTroy
    @maddogsTroy 3 ปีที่à¹à¸¥à¹‰à¸§

    Naked is less than a $1 and hit over $500 before!!!

  • @zeus4885
    @zeus4885 3 ปีที่à¹à¸¥à¹‰à¸§

    Underrated video. Thank you for the solid GME content.

  • @motekareditingstudio4622
    @motekareditingstudio4622 3 ปีที่à¹à¸¥à¹‰à¸§

    New subscriber here. Just in case you need our assists (video editing), let us know! Cheers!

  • @lukasjosef9851
    @lukasjosef9851 3 ปีที่à¹à¸¥à¹‰à¸§

    What are you saying. I YOLO AMC and GME

    • @FinanceonaBudget
      @FinanceonaBudget  3 ปีที่à¹à¸¥à¹‰à¸§

      I tried to be responsible, but I find myself YOLO'ing too. I own WAY more stocks than I should. I'm just hoping for a $500 day, and I'll be satisfied.