The REAL Reason GameStop Stock Is EXPLODING
(00:00.558)
So, GameStop and Roaring Kitty and AMC are back!
It was three years ago, that whole short squeeze thing back in 2021. Yeah, yeah, the guy behind it there roaring kitty, the man who inspired all of those short squeezes back then. He’s back. He’s back. He posted a picture on X of a video gamer leaning forward on their chair as if to indicate he’s taken the game.
Seriously, GameStop, I don’t even know where it was at right now. It was up 60%, 80 % back down, up over 110 % came back down. Again, AMC all over the place as well. Last time I checked, I think it was up over 20%. Reddit also up over 10%. This whole meme stock thing, they did a movie on this recently, it was called Dumb.
money and had to do with how, you know, a whole bunch of kids got behind this short squeeze and whacked Melvin Capital and then Citadel had to step in and then there was issues with Robin Hood shutting down trading and certain stocks. The reality of the situation is, I mean, again, the movie was cute, but they never said in the movie, you know, what
what actually happened to all those investors, those kids around the country that got on board this thing. And the answer to that is they lost their shirts. Prediction, prediction, pain. That’s what I’m at the old clubber Lang and Rocky three, which are prediction for the fight pain. You’re going to lose on on this is, but this is it’s become this gamification of.
(02:03.118)
the markets that I really don’t like. We did a bit on this not too long ago talking about financial nihilism where kids, young kids out there, they feel like their backs are against the wall and they don’t see a light at the end of the tunnel. They don’t. They’re taking a look at their bills, they’re taking a look at their college loans, they’re taking a look at what they’re making, taking a look at what their expenses are.
and they just don’t see it. And what happens in that type of a scenario is people will do extreme things, extreme things to get themselves out of the situation that they’re in. It’s just financial nihilism that we’re in at this point in time. And again, I’m gonna, we were trying here, we’re trying to do more with the watchdog on Wall Street, wealth builder.
program and trying to help young people out there and actually building wealth the right way. My best bit of advice I can give to you kids out there that are getting all into this nowadays or think this is a great idea. Basically, whatever you decide you want to, you know, ride roaring kitty and think that this is going to be another, you know, race to the moon type of a situation, whatever you put into this thing, put in what you can afford to lose, because you are
Speculating. That’s all you’re doing. You’re speculating. It’s not investing. This is speculation. Like I said, the gamification of the financial markets. Not a good route to go. Watchdogonwallstreet .com.
