But by March, GameStop’s share price had risen again. Rush Limbaugh on Thursday pointed to GameStop stock as the latest example of Washington elitists coming after ordinary Americans. News UK. by noah 4 months ago 4 months ago. ... Two weeks ago #GME (GameStop)'s stock shot … IMPORTANT DEFINITIONS Hedge Fund - A hedge fund is an investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management… Cohen is the founder and former chief executive of … Before trying to understand what happened with GameStop stock prices soaring, one needs to understand how shorting works. ... Two weeks ago #GME (GameStop)'s stock shot … They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. In recent days, American financial markets have been gripped by the saga of a video game retailer’s soaring stock price. Within the last month, users from the subreddit known as r/wallstreetbets caused the stock prices of GameStop Corp. to rise significantly. Shares of GameStop Corp. ... director of investments at First Bank, explained the GameStop phenomenon and why it is significant. Here's the deal. Avalon Penrose’s viral video about ‘normal person’ explaining the stock market has now garnered over 15 million views on Twitter after several people failed to the basics of what triggered a surge in stocks of American gaming merchandise company called 'GameStop'. Could the whole thing drop 10% in a day multiple times? This is part of the game, and just because it's a new component doesn't make it any worse than what hedge fund managers do. Potentially the biggest thing to rock the US financial system since the 2008 meltdown, it all started with GameStop, a bricks-and-mortar video game retailer. The Robinhood-GameStop stock market mania has taken Wall Street by storm and drawn backlash from elected leaders on both all sides of the political … Commercial from his tweet. What is going on? Trying to understand the GameStop saga can be like trying to understand upside-down calculus. "It … GameStop’s future looks grim and is seemingly a great bet for short sellers. “It became more apparent at the end of the week that this was a bigger picture thing,” Heflinger explained. Melvin and Citron believe (possibly correctly) that GameStop’s long-term prospects are bad. GameStop stock frenzy prompts spike in memes, outrage at Robinhood. It's one thing to think the revolution will not be be televised, but it's a whole other challenge when it's memed and gamified. But after a bit of self-education I now get the general idea of the GameStop event that went down last week. Even before the pandemic, GameStop was struggling to compete with a digital video game economy that’s made it easier than ever to download or stream a game without needing to buy a physical copy. The Jewish angles to the GameStop stock saga, explained Epic trading war pitting hedge funds against individual investors features Jewish billionaires … 02/08/2021 in Investor Education. The popular Reddit sub Reddit, Wall Street bets, has been pushing up the stock price of GameStop. GameStop share price explained: 6 things you need to know as stocks rise again. Money Talks is a column that explores what happens when business, the economy, and culture collide.. G ameStop is a struggling, kind of boring, mid-size retailer stuck in a legacy busine s s — selling physical video games. Is. This made the price … We cover these bets … ... which is a good thing… 0:00. The origins of the surge are in the prevalent belief among Wall Street sharps -- professional investors -- that GameStop's stock, even before this recent spike, was overvalued. For one thing, as explained above, institutional investors were profiting from the increase in GameStop’s share price. Chamath Palihapitiya, a tech investor, gave a detailed … GameStop had more shares sold short than were actually in circulation, which is called “negative float.” Once WallStreetBets realized GameStop was in negative float (information that is easily obtainable), it started putting the screws to the short sellers by refusing to sell, putting the share price into a kind of positive feedback loop. To help explain what’s going on, Yosef Bonaparte, PhD, an associate professor of behavioral and protocol finance in CU Denver’s Business School, offers his expertise. The future of investing now has new questions, but few answers. Alternatively, you can donate through PayPal as well. GameStop's crazy stock story explained It's David vs. Goliath on Wall Street, and David kicked Goliath's butt. GameStop Stock Explained . GameStop b The origins of the surge are in the prevalent belief among Wall Street sharps -- professional investors -- that GameStop's stock, even before this recent spike, was overvalued. The company had bet on making money by buying smartphone stores. GameStop, you'll recall, is the brick-and-mortar video game and gaming merchandise retailer. Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. ... .on the moon….you’ve probably seen and heard everyone talking about GameStop and what happened to the stock. GameStop has taken over the world with the rise in its share price driven by retail traders with the help of social media, which turned into a real nightmare for hedge fund. Well, let’s scale things down for an example and say that GameStop issues only 150 shares. ... .on the moon….you’ve probably seen and heard everyone talking about GameStop and what happened to the stock. Explained: The Adrenaline-Driven Rise of GameStop Stock. It's not. There is a whole theory/practice thing when it comes to How Capitalism Works (Kinda). Some smart person explain the GME (gamestop) thing I'm far from stock genius, and know nothing, but damned if the news isn't in a tizzy about reddit GME stock buyers. No, this isn’t a bad thing. "It has nothing to do with the fundamentals of the actual GameStop … by noah 4 months ago 4 months ago. This is … It's one thing … I have received 23 emails anticipating this article and at least half of them are not from family and friends. By. ... Short interest in GameStop surged toward … Bill Myers - February 4 2021. A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop Corp rocketing higher . I think so. IIRC, things are quiet from April end to June. Shareholders are right to worry.” GameStop is what long/short hedge fund manager Scott Fearon calls a “melting ice cube.” GameStop Stock Surge Explained by 'Normal Person' in Viral Video Watched 5 Million Times. 20.2k views. Tell me what's happening in idiot terms. The GameStop WallStreetBets Short Squeeze Explained In Simple Terms. No, this isn’t a bad thing. That’s a high-risk investment strategy based on the expectation that a stock’s price will go down. ... "Retail investors do the same thing," van Dreunen says. Picasso sells GameStop to a lesser Parisian artist for 20 euros. ... For example, Chris Cillizza over at CNN contended that the stock surge could be explained by “Trumpism. This was a great thing if you had a couple of GameStop shares that were originally worth $5 and were now worth $250. The last thing you want to do is put your hard-earned money into an investment that is being manipulated. 1) The Whole GameStop Thing Explained 2) Be Careful: Your Life Insurance Could Explode! GameStop Hedge Fund Stock Market Fiasco Explained by the Internet. GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. GameStop Stock Explained: Robinhood, Short Squeezes, And Reddit. Critics used to dismiss the moonshots for GameStop and others as a sideshow, saying the excess was confined to a few corners of the market. The Gamestop Saga shows how a simple quest to make profits has now turned into a political statement. Here's the gist: Wall Street has witnessed an uprising of amateur investors who … There was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. GameStop's crazy stock story explained It's David vs. Goliath on Wall Street, and David kicked Goliath's butt. An interview with Edward Ongweso Jr The Robinhood trading app is an attempt to commercialize a powerful but thoroughly fictional myth: that finance can be democratized while ownership and control remain in the hands of powerful capitalists. The GameStop fiasco, explained. It's not. Whether or not enforcement actions come, exams certainly will. By. ... the GameStop thing and resulting chaos signals our culture’s shift from Jokerficiation to Bane-ifying. The attention from all the trading made GameStop one of the most-traded stocks on the market. The Nasdaq (QQQ) on the same day closed at $328.11. Hey, Microsoft Game Pass/Playstation+/Steam is Netflix and Gamestop is Blockbuster. Indeed, nothing major […] Once a thriving chain, GameStop has suffered badly … Sent from my Pixel 4a (5G) using TGR Forums mobile app. We need approximately $17,300 to stay afloat through March when we hope the economy will be more open, but more would be wonderful and any amount that brings us closer to our goal is greatly appreciated. Photo: Boston Globe/Getty Images. The Gamestop Affair Is Just the Latest Incarnation of the “People’s Capitalism” Delusion. On the other end of this spectrum lies hedge funds, who have lost billions of dollars in the process. Essentially, a bunch of Reddit users in a group called r/WallStreetBets learned that hedge funders were betting that shares in GameStop would plummet, which would create an opportunity to make money. On January 25, 2021, Gamestop (GME) closed at $76.79/share. Aston Martin Revenue Tops Estimates as SUV Drives Volumes. The GameStop site has been updated with a generic order hinting at some shipping delays. The future of investing now has new questions, but few answers. It’s one of those confluence-of-events types of scenarios where everything’s set up just so, and the setup is … (Musk got in on the GameStop action and tweeted out a link to r/wallstreetbets, and there was much excitement over there.) The biggest short seller is Melvin Capital. GameStop stock keeps seesawin between $3 and $6. By Jan. 26, 2021, the price had soared to about US$148 (S$197). Currently, the news is full of stories of guys making $35,000 a year who are now millionaires thanks to their holdings in GameStop. Published Sat, Jan 30 2021 10:00 AM EST. And creating short squeezes is the kind of thing … Related: GameStop Stocks May Have Cost Michael Jordan Half a Billion Dollars GameStop rallied another 15.82% (via Unusual Whales), allowing the stock to reach a value of over $240. "What's happening with GameStop is a pushback against the establishment in a really important way," @chamath says. All the more explicitly: the unrealistic and breathtaking convention of its stock cost — which, as of this composition, was generally $336 an offer. Instead, in 2014, GameStop started buying wireless store assets. On Dec. 31, 2020, each share cost about US$19 (S$25). the GameStop thing and resulting chaos signals our culture’s shift from Jokerficiation to Bane-ifying. GameStop was the current week’s another thing. Ryan Lomberg scored on a breakaway 5:56 into overtime Thursday night, capping a furious comeback that gave the Panthers a 6-5 victory over the Tampa Bay Lightning in Game 3 of the first-round Central Division playoff matchup. But the thing that order doesn’t tell you is that the delay is likely going to be much longer than a few days. GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. The psychology of the GameStop phenomenon, explained Cory Stieg 1/30/2021. But one thing has changed for the better: When trading ended on Monday, GameStop stock had hit $76.79—four times its price to end 2020 and 23 … There are … The GameStop rally came after investors saw glimmers of hope for the company this month when the chain changed the makeup of its board of directors. GameStop CEO George Sherman, Keith Gill (AKA Roaring Kitty), and Ryan Cohen. Explained: How an online forum called Reddit boosted a struggling company's stock by 1700 per cent. Here’s why the Gamestop Fallout Is a Good Thing In the age of extreme polarized political talk, an entirely new phenomenon is sweeping the trading world off its feet. “It became more apparent at the end of the week that this was a bigger picture thing,” Heflinger explained. The GameStop stock frenzy, explained How a bunch of Redditors made GameStop’s stock soar, much to the chagrin of the hedge funds attempting to short … But these days, GameStop is … The psychology of the GameStop phenomenon, explained. If you're confused about what's been going on with stock-market news lately, especially that tied to GameStop, I tried to explain it as simple as possible. Me: [nodding vigorously as if I understand a goddamn thing as I silently curse my BA in English] — Mark Harris (@MarkHarrisNYC) January 27, 2021. As the pandemic arrived, the company’s fate appeared to take a turn for the worse. The GameStop Debacle Explained. They embarked on new initiatives, including the acquisition of Spring Mobile in 2013. Shorting or short selling is the borrowing (like taking a loan) of a company's stock believing the prices of the stock will go down in the future. Problem is, he still owes Gertrude her stocks (!!!) Gamestop Explained By Matt In The Hat // 0 Comments // Finance, Wretched Excess. The flurry of investment has so far proved costly for … Hedge fund Melvin Capital needed a $2.75 billion bailout on Monday after the stock price for GameStop, the video game retailer, spiked to … Currently, the news is full of stories of guys making $35,000 a year who are now millionaires thanks to their holdings in GameStop. When IGN spoke with GameStop’s chief customer officer Frank Hamlin back in 2019, he explained that “As a specialty retailer, we are linked at the hip to this category of video games. Stephen Yao January 28, 2021. GameStop is a publicly traded company, best known for selling video-game discs and cartridges in shopping malls. Some are trying to position the GameStop populist uprising as something bad, even a "Ponzi Scheme." The GameStop stock-shorting situation sounds like the stuff of fiction—but it’s very real. During January 2021, the stock price of video game retailer GameStop rose at an unprecedented pace. GameStop's unexpected surge in the stock market has a complicated context that could affect the market well after GameStop settles. NOQ Report ^ | 01/28/2021 | Carl Durrek Posted on 01/28/2021 8:54:41 AM PST by SeekAndFind On January 27, 2021, GME closed at $347.51/share. Dogecoin continues to see a serious spike in value over recent days, climbing 5,000% since January alone.. But, according to Bloomberg, the rise of Dogecoin mimics the rise of GameStop’s value from earlier this year.. Reddit and Gamestop, explained. The GameStop Frenzy Explained for Mennonites (Using an Easy to Understand Zoat Analogy) February 1, ... Well, so, the first thing you need to know is this is not like you’re usual stocks like stocking up on margarine containers or stocking up on used pickle jars that you rinse out and use again. You: The Gamestop story is fascinating, isn't it? Possibly the biggest thing to rock the united states economic climate considering that the 2008 meltdown, all of it began with GameStop, a bricks-and-mortar video clip game store. GameStop: How WSB Beat Hedge Funds at Their Own Game ... explained to Wired that WSB treats stock trading like a video game. Let’s Sort through this GameStop Thing, from the Top. However, the same can’t … In case you missed our commentary on GameStop in last week’s video, here is a transcript. A few weeks ago, the company (stock trading as ticker: GME) traded around lows of ~$19. The self-described 'degenerates' over at Reddit had themselves a good chuckle over their GameStop raid, but regulators may get the last laugh. GameStop shares spiked nearly 65 percent Friday, driving another tumultuous day on Wall Street in a week marked by a captivating drama about money, power and a tech-fueled rebellion. To see how the whole thing went down, imagine a kind of misshapen nesting-doll set with four characters: GameStop, hedge funders, Reddit traders, and zillions of … GameStop has made some good moves in regards to paying of their debts and taking better loans. Trying to understand the GameStop saga can be like trying to understand upside-down calculus. 3) Social Security Strategies to Maximize Your Benefits 4) RPOA Investment Principle #2: Growth is Important, but Protection of Principal is More Important. One thing that is sure to happen is hedge funds will henceforth take precautions before directly engaging against meme stocks. The GameStop WallStreetBets Short Squeeze Explained In Simple Terms. One Response to “The GameStop, Reddit WallStreetBets short selling situation explained” Jeff on February 11th, 2021 11:34 am Sell any durabilt stock the owner is a moron and spends more than makes its been a gradual drip but this year I will advise you all … GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. “Explain it like I’m 5 years old,” Kristen Gallant, an administrator at a local university, texted a kindly student when the story broke. The last thing you want to do is put your hard-earned money into an investment that is being manipulated. The theory behind why you’d want to short Gamestop is sound. Gamestop stock drama memes, Reddit Gamestop stock explained, short selling, shares, memes, Twitter stock market, Wall Street ... i refuse to learn anything about the gamestop thing but i … GameStop Stock Explained . GameStop announced in early January that it was appointing three new directors -- Alan Attal, Ryan Cohen and Jim Grube -- to its board. GameStop (n.) — The video game retailer headquartered in Grapevine, Texas, and also in our hearts. A group of young day traders on r/wallstreetbets then decided to join forces to and buy as much GameStop stock as possible. Shorting or short selling is the borrowing (like taking a loan) of a company's stock believing the prices of the stock will go down in the future. GameStop is a retail store that sells video games and related products. Robinhood prohibited its users from buying shares in GameStop Thursday morning, as Reddit users propelled shares in the video game retailer above $440. The GameStop Incident Explained and What It Means for Your Retirement. If it … The company had bet on making money by buying smartphone stores. Which is to say, I have never felt more desired in my life. Share. If you've google searched 'GameStop explained for dummies' in the past seven days, you're not alone. GameStop, based in Grapevine, Texas, sells video games at more than 5,000 stores, and the pandemic has been keeping customers away. Share on Facebook Share on Twitter. bets against the company GameStop. Timeline. Robinhood however has been forced to postpone its IPO in the wake of a retail investor backlash. Terms, explained: Shorting stocks. GameStop-Gate Explained In A Way You'll Actually Understand. The GameStop squeeze, explained. By Oscar Quine On 1/28/21 at 5:56 AM EST. Hedge fund managers were shorting GameStop stocks. Explained: The Adrenaline-Driven Rise to GameStop Stock. Consider also this: BlackRock Inc, the world's largest asset manager, owns about 13% of GameStop. GameStop mania explained: How the Reddit retail trading crowd ran over Wall Street pros Published Wed, Jan 27 2021 3:14 PM EST Updated Thu, Jan 28 2021 1:04 PM EST Yun Li @YunLi626 Some are trying to position the GameStop populist uprising as something bad, even a "Ponzi Scheme." Robinhood is an app that lets investors trade stocks without paying a fee. 4 months ago. GameStop, before the frenzy, was one of the most shorted shares on the US market, as a range of funds bet that it would slump during the pandemic. George Sherman, GameStop CEO Picasso has to buy back the stocks but believes he can buy it at a lower price – he is betting against GameStop (a fair bet, it is wildly out of vogue and displeasing to the eye). Melvin and Citron made big (and risky!) The idea behind Short Selling is sound. GameStop is an American high street shop that sells games, consoles and other electronics. The sort of thing you'd find between a doughnut shop and … It's near the end of August now. This was seen as a golden opportunity by the Hedge Fund named Melvin Capital who made a bet against GameStop … This is a poor niche for a profit-seeking entity in 2021. Robinhood, briefly explained. One thing that's important to keep in mind is that research shows the market will learn, Tayler said, pointing out how Redditors attempted to pump other stocks, like AMC, but it … So briefly explained, short selling is an investment where you make money if the price of the stock goes down. She. This trend appears to be very reminiscent to that of the GameStop short squeeze that took place in January.The stock has gone up over $100 in value since May 10 and is looking like it'll likely continue … But … Shares of GameStop, a video game retailer, have soared in recent weeks, going from $17.08 to $347.51 at Tuesday's close. Share A-A + 100%. Settings. Share … Potentially the biggest thing to rock the US financial system since the 2008 meltdown, it all started with GameStop, a bricks-and-mortar video game retailer. Ryan Cohen's Tweet explained: Play.
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