Why are GameStop shares on the rise again?
Vložit
- čas přidán 12. 05. 2024
- The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine what could be behind the stock's sudden surge.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News CZcams channel: / cbsnews
Watch CBS News 24/7: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on X: / cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Many people underestimate the importance of advisors until they experience the consequences of their own emotional decisions. I recall a few summers ago, following a lengthy divorce, I found myself in need of a substantial boost to sustain my business. In my search for licensed advisors, I found someone highly qualified who significantly contributed to growing my reserves despite inflation, increasing from $275,000 to $850,000.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Actually its a Lady. Yes my go to person is a 'Michele Katherine Singh'. So easy and compassionate Lady. You should take a look at her work.
Yup retail traded 180 million shares today because roaring kitty made a post. Keep up the great and honest
Coverage 👍🏻
It cant be anymore clear as day that Martin has a short position and is getting burned right now. Obviously he's one of those who hasn't learned his lesson. 🤣
Is Martin the same guy as Last time?
This.
@@mkef1513 He's from The Street, that was Jim Cramer's company .. lol
everyone needs to invest in time its our fight against hedgfonds manager and other corrupt people
As much as i want to invest in GME, I think it has some short term pain ahead. Currently sitting on about 250k, do you still think GME is a good buy right now or I have I missed out on a crucial buy period?
Don't be in a hurry to get in. The market needs several days of strong performance to signal that the downturn might be over; i still think It's a time to be largely, if not entirely, in cash
The economy and stocks are two different things these days, but i agree, I think it's brilliant to have a portfolio advisor for investing! The market's instability makes DIY risky. You don't need to find the next NVDA to succeed in investing. I've turned 480k into $32,000 in quarterly dividends using one, a major milestone.
…maybe you should be more Blue Chip…, just say’n
@curbalnk I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "JENNIFER LEIGH HICKMAN" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
This complete interview is the perfect example of the bad actors throwing the stone and hiding the hand... Gamestop stock has a huge amount of shares held by retail who have been holding for 3 years. In fact a very large percentage of the retail holders have directly registered their shares with Computershare. The buying volume today wasn't all or hugely influenced by Roaring Kitty it was over-leveraged hedgefunds blowing up. In this "interview "... no mention of abusive naked shorting, rehypothication, illiquidity of the market.
Why can't this "expert" tell the truth? The hedgefunds messed around with retail with all of their loopholes hoping for companies like Gamestop, AMC, KOSS to go bankrupt but they survived and now they are forced to buy back all of those counterfeit shares before the SEC's CAT system goes live exposing their corruption and exposing them to prison time.
Buying more $GME
Direct register it.
Wall Street thinks this is over 💀💀💀? 💍🙌🚀🎑
Oh so if civilians try to make a buck there’s rules created and it’s illegal but insider trading and market manipulation it’s ok right… right
Lol. Hedge funds lost almost a billion dollars because of a tweet
Roaring kitty didnt cause this
As if a tweet causes 180 million shares to be traded KEKW
Yes, just one problem, they lost it before the tweet. Tweet came after a surge…
Diamond Hands 2.0
HODL at all costs! 😂
everyone needs to invest in time its our fight against hedgfonds manager and other corrupt people
It's not 2.0, it's still the same situation, we aren't selling. I have only kept buying more over the last 3 years
no cell no sell
Protect the Market is code for Protect the Rich and Powerful.
“A rocket emoji is considered market manipulation” 😂😂😂
🚀 🚀 🚀
People buy gamestop 🚀🚀🚀
Right now is FFIE a short squeeze is coming. Buy and hold. To the moon!
So.... We are not going to talk about Nancy Pelosi? Lets just push that back under the rug.
seriously, right?
He got a presidential freedom metal too.
because thats off topic!
I have bought 25000 shares of GME last Fri. Lets go! I think we will see +500% very soon.
This corporate MSM talking head nonsense, just makes me want to buy more #GME stock.
GME is all on. Institutions, funds, retail.....
Everyone.
Switch2 is coming out and it will sell out fast
also pathetic is this commentator whining about "protecting" retail by stopping this rise. Nope, just leave us alone to buy and sell as we please.
These guys presenting this have no idea
They get paid to act ignorant
Ken Griffin cheated and belongs in jail.
This video is s great example why people hate the media and agree with a certain presidential candidate about them
Imagine being CBS adding liability to protect Ken Griffen by blaming an individual person who made a tweet.
Prison for financial crimes and those who abet them.
2021 is going to be nothing compared to what's coming....
🤞
Its a better value stock then Truth Social
Truth social was only an illegal way to give Trump money.
Right?? LOL
This trade has been setting up for a while now. It literally had nothing to do with his post.
It’s funny to see mainstream underplay his investment. He brilliantly caused a short squeeze due to intelligent analysis. A phenomenal value play. A company can be doing extremely poorly but still be undervalued
Retail buying. No, is as retail have been buying for the last 3 years. We have been buying and holding, this isn’t retail who bought 180 million worth today. This is what we don’t watch the news folks. This is shorts starting to slowly cover, institutional buying, gamma and a whole lot more, but you guys won’t mention this
Wrong. Volatility always attracts gamblers people looking to make a quick buck. It’s literally the same thing as 2021
Lets talk about all the fake shares created through FTX.
explaining a meme is cringe
Investor here. The tweet was nothing but confirmation bias. It changed nothing. GameStop is doing a buyback, retail is continuing to buy, and total shares borrowed is continuing to increase.
Are there fundamentals not improving for GME with a profit last quarter and over $1 billion in cash on hand?
How about the options Gamma? Would love if at least one MSM outlet would explain the real situation.
So let me get this straight. In the "Free Markets" retailers and investment firms can advertise and push their products to no end but a so called influencer having an impact on the "Free Markets" is illegal? Hypocrites plain and simple!
Sure as hell hope that they come back to PUERTO RICO
That’s awesome. That’s really cool.
GAME STOP
Mannnn, these boomers are so cringe and lame.
Congressmen (Pelosi) can inside trade and call it a free market but wallstreet complains about a meme stock when they lose?. Isn't it a free market?
They’re obviously liars and there’s going to be questions to ask here soon. But nobody will care though. Everyone’s dopamine receptors are fried from social media
Did u hear that there here to help retail 😂
Here we go with another guy trying to protect the retail investors🙄
this is how stupid our economy is. get in get out.
a profitable company....roaring kitty is the problem?????? wow
No cell no sell. Direct register your shares!
He is not a day trader .
Stock isn't going up because of Roaring Kitty. Roaring Kitty Tweeted (X'ed) because the stock was already on an upward trend..
I remember when the stock market reflected on how the economy was doing. Now it seems it’s just the opposite.
Was it though?
Here we go again 💎✋
They will all be closed within a year so why not falsify you stock value so when you go bankrupt at least you’ll have your ill gotten gains
😸 Diamond Hands! LFG!
Does someone knows until when will go Lee going up
There are going to be some bad losses once the rug is pulled yet again on GME and AMC.
You are telling us that a person tweeted, and the price magically jumped? So do you think people are stupid or what? Who the hell would believe that?
If people followed posts on youtube and reddit by roaring kitty in 2021 which led to a soar in GME why can't you believe the notion that a tweet by the same person is followed and led to this current rise? Just curious.
Nothing to do with fundamentals, just short squeezing hedge funds.
Get all your T-bills and put it all into
💥 *Gamestop! Get your deals on new and used games!*
I NEVER EXPECT GME WILL JUMP TO 68 DOLLARS TODAY IF I KNOW THIS 2 DAYS BEFORE I SHOULD HAVE BUY THIS STOCK AND SELL ALL STOCKS I COULD HAVE MAKE MILLIONS OF DOLLARS I WAS VERY HAPPY THIS WEEK LOT OF MY STOCKS JUMP AMC ALSO
im not missing OUT AGAIN!!!!!
Trading app wouldnt let me buy, trying again tomorrow
We like the stock!
Right now FFIE is going insane, a short squeeze is coming! Buy and hold it. To the 🌙
Shares are rising because my great President Biden!! Don’t forget my girl Kamala 😄
Troll
🚀
GME time to Stop the Game of short sellers! Haha
"New investors are paid through old ones" is the opposite of a ponzi my guy
I missed where they said that it was a Ponzi scheme, they called it a meme stock, which it is
Is it any different than people bidding UP bull crap Bitcoin
Gonna wait for a crash again for 10-16 it always does this. Just sit and wait
You guys clearly know zero about us nerds and how we spend. There indeed was game stop news and it was news us nerds were thrilled to hear. I will give you a hint, best buy dropped this product.
dropped as in released or dropped as in stopped selling ?
@@rickislas5039 Best buy stopped selling, but as a media collector they were never a place I shopped. They never got much and were over priced. Walmart though is ramping it up with the designer lables. If Gamestop goes in like newbury comics style with the new and used they will have no problems.
By "traditional fundamentals" don't you mean computer algorithms? It's been a long time since the stock market was linked to the real economy in a significant way. It is just a casino for rich people. That seemed to be the point back in 2020. I guess you missed it.
HODL!!!!!
People who pay you are getting squeezed.
shmuck how about shorting a stock 140%
AMC
Pump and dump
Rocket emoji 🚀 = MaRkEt MaNiPuLaTiOn
Lobbying congress= nothing to see here folks
GME $278 AMC $24+
GameStop more like game stock the stocks are low
🚀🚀🚀🚀🚀
Top g
Im not selling till kenny boy is in prison
a drawing made the market go nuts, ok, and Trump is correct, the vote was rigged?
The casino is open again!
Going to the moooooonnn!!
💪💪💪
Pure stock market and he is showing the world cracks in the stock market and shows how’s unhinged it is and one side it is to people with millions and billions and a market that is truly truly caters to more wealthy individuals and the governments not the normal person how many times have the stock market crash? Not because of normal people because of greedy as hell wealthy individuals and policies that show that the market is and only one side like last time this happened the stock market is truly flawed to one sided of wealthy individuals.
Lets go! GME TRAIN. i missed out last time. Lets go to war!
Zombie Stop
To the moon 🚀
hodl
Clowns
Boomers on the news... hilarious
Jesus christ, i watched thewhole video to give you guys a fair shot. But this is just garbage reporting
😂
😂🤣😂🤣
degen gamblers😂
It's not gambling if you understand fundamentals and keep on holding for 3 years .
lol someone has to hold the bag at the end
the GME saga is a pump and dump disguised as a short squeeze, it was managed so good people never figured out it was a pump and dump. Short squeezes don't form multiple tops and the interest in buyers was more than enough for the price action; in fact despite everything the selling pressure won in the end and the down trend continued. Also it was up trending for weeks in 2022 before the big tops so It don't believe any good traders were holding shorts which was a key part of the narrative. the people who lost money were probably retail traders expecting the countertrend to reverse
So anyways, I kept DRS'ing.
🚀