GameStop and WallStreetBets: Everything You Need to Know

 
January 27, 2021
 
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5 Stocks That Could See a
GameStop-Like Moon Shot
Everyone is talking about how GameStop, a perennially beaten-down video game retailer, has rocketed to the moon… and back… and to the moon again on a short squeeze.  

Folks, it's already been a wild week on Wall Street and we're not even halfway done yet!

GameStop is a favorite target among short sellers. And at the time I filmed this video, it had a short interest of 131%!
What Other Stocks Could Take Off Like GME
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GameStop Bulls Crushed Hedge Funds. This Stock Could Be Next
Unless you were unconscious yesterday, chances are you heard about the massive short squeeze on GameStop, initiated by a ragtag bunch of Redditors.

The audacious posts put forth by the "WallStreetBets" subreddit crowd were honestly a boatload of fun to watch last year while we were all at home in sweatpants. And, honestly, I still laugh every time I read their "about community" description on the front page.

But what started last year as a smallish community of financial jokesters has grown to over 2.4 million so-called "degenerates."

With size comes purchasing power. And when that purchasing power knocks it out of the park, apparently you get written up in London's Financial Times.

Congratulations, WSB… You have hit the mainstream.
This Stock Could Be Their Next Target
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The GameStop Stock Surge:
What Does It Mean?
The headline to start this week was the massive move of one of the biggest video game retailers. That's right, we're going to talk about what led to the GameStop stock surge — and what we can learn from it.

Starting last week, GameStop began to take off. By midday Monday, the stock was up over $145 — that's a 238% gain since last Thursday… even though the company is expected to lose money this year and next.

But that's not the end of GME's wild ride. As I filmed this video, the stock was trading below $62.

So what does it mean?

There's always a lesson to be learned from big moves like this, and the GameStop stock surge is no exception.
Here's Our Takeaway
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GameStop Goes Parabolic: How
Reddit Traders Squeezed Short Sellers
The hottest topic on Wall Street right now is GameStop short selling, and how traders from a popular subreddit sent its shares parabolic.

The degenerates over at r/wallstreetbets have targeted heavily shorted shares of GameStop to make short sellers like Citron pay… And pay dearly they have.

Short sellers are down about $91 billion for the month of January. For comparison's sake, they lost $243 billion for all of 2020, a 20% beating.

So today, I'm going to break down the GameStop short selling craze and explain exactly how it happened.
How Reddit Traders Screwed Short Sellers
 
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