Michael Burry’s HUGE WIN on GameStop Stock (GME)

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  • čas přidán 21. 08. 2024
  • Potentially $271M in 4 months is the formula for Michael Burry to earn on GameStop stock - with a big assist from Wall Street Bets subreddit
    This is one of the most fascinating stock stories I've seen in my life with the people rising up against big corporate and I can't wait to see how it plays out
    In this video I go over the situation and how the genius from The Big Short, Michael Burry turned an opportunity that noone else could see into potentially a $271M win
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    Disclaimer:
    The information in this video is general information only and should not be taken as constituting professional advice.
    I am not a financial adviser and you should seek independent, licensed, financial advice to make sure the actions you plan to take suit your individual circumstances.
    I am not responsible for the financial decisions that you make, only you are

Komentáře • 35

  • @dansplained42
    @dansplained42  Před 3 lety +4

    Just posted a new video on short selling for those who want some more clarity👌🏼

  • @gunthergosling7359
    @gunthergosling7359 Před 3 lety +11

    I just read Burry's explanation and deal in GME two years ago. Unbelievable what "out of the box" thinker he is.
    Michael j Burry is just a fucking legend!

    • @dansplained42
      @dansplained42  Před 3 lety +1

      He is sensational. Playing a completely different game to everyone else. Understands very deeply how the system work and uses that to find some truly incredible wins that would be once in a lifetime and just for the 1, yet he seems to pull them off for fun on the side 😂. I’d love him to manage my money for even just 1 year. Could probably retire on the gains

    • @SupraNaturalTT
      @SupraNaturalTT Před 3 lety +2

      Have a link? Thanks 😊

    • @erickv2739
      @erickv2739 Před 3 lety

      Yes Link?

  • @dansplained42
    @dansplained42  Před 3 lety +5

    What are your thoughts on this GameStop madness and where do you think it will land? For now, I'm just enjoying the show

  • @allanisip6302
    @allanisip6302 Před 3 lety +5

    I like your doge photos at the back

  • @songyop
    @songyop Před 3 lety +2

    Well explained with much passion!

    • @dansplained42
      @dansplained42  Před 3 lety +1

      Thanks! It’s such a fascinating topic I couldn’t help but be interested and excited by it. Once in a lifetime potentially

  • @thesituation992
    @thesituation992 Před 3 lety +1

    This is such an insane situation! Super amusing to watch it all go down...By the way, thanks for explaining terms like ‘shorting stock’. Really appreciate the animations - great for financial plebs like me!!!

    • @dansplained42
      @dansplained42  Před 3 lety

      Haha, no worries and YES, it is an insane situation and it ain’t getting any less insane as days go by

  • @Faizza17
    @Faizza17 Před 3 lety +1

    Agreed, proceed with absolute caution!

  • @SupremeLeaderWPK
    @SupremeLeaderWPK Před 3 lety

    100% of any legal reproductions should fall on institutions. All retail did was figure out their game and call their bluff.

  • @jrnhrsn4183
    @jrnhrsn4183 Před 3 lety +1

    Won't just be a documentary... There will be a Hollywood film from this too!

  • @homeuser1410
    @homeuser1410 Před 3 lety

    Game STOP!

  • @harrisonyardney4148
    @harrisonyardney4148 Před 3 lety

    Awesome break down Dan

  • @alcapony732
    @alcapony732 Před 3 lety +1

    Why did Melvin capital announce they were shorting the stock? Is that supposed to be published?

    • @dmaster717
      @dmaster717 Před 3 lety +2

      Yes

    • @dansplained42
      @dansplained42  Před 3 lety +2

      Hi mate, sorry for the delay, I’ve been pumping out videos since this GameStop drama. Yes, it is public information as it is a public stock on a public exchange. Those matters are very rarely public. Melvin announced that they closed their position, not that they short the stock👌🏼

  • @QuadraAce
    @QuadraAce Před 3 lety

    GOOGLE - UNISWAP - DECENTRALIZED EXCHANGE >>> NOBODY CAN TELL YOU IF YOU CAN'T BUY OR SELL

  • @raedsuliman1
    @raedsuliman1 Před 3 lety

    Please help and thumbs up if is it a good buy...... PSAC. Faraday company... New EV Car from CA just became public... It will compete with Tesla!! What's your thoughts?

    • @dansplained42
      @dansplained42  Před 3 lety

      My man, I would need to sit down and research and analyse the company to tell you. New EV companies are now in a very competitive field and require enormous capital and a huge edge on their competitors. As a rule I’d say there are only a few that will succeed and they’re all up against Tesla who is leading the way

  • @Anonymous__Prime
    @Anonymous__Prime Před 3 lety +1

    Ticker👉 EXPR is now available to purchase and it’s in a squeeze like GME 🚀🚀🚀

  • @therealpotheadmedia
    @therealpotheadmedia Před 3 lety

    My next door neighbor as a kid

  • @129Ed
    @129Ed Před 3 lety

    he went from to 592 million closing last

    • @samsmith3183
      @samsmith3183 Před 3 lety

      We don‘t know if Scion is still in the game or not. Could be, could be not.