GameStop stock short squeeze: Reddit traders take GME on a wild ride I FT Film
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- čas přidán 24. 03. 2021
- An army of retail investors gathered on Reddit’s WallStreetBets forum to take on short-selling hedge funds and send shares in video game retailer GameStop, and several other 'meme stocks', on a rollercoaster ride. The FT explains how the short squeeze unfolded on WallStreetBets and examines what it means for hedge funds and short-selling. Read more at on.ft.com/3cmg6AB
Produced, directed and edited by Daniel Garrahan
#gamestop #wallstreetbets #reddit
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This is like releasing _"World War 2: The Complete Story"_ ... in *1941*
The stock popped recently they are striking the hot iron...the YT algo that is for an attention boom
LOL
Short Sneeze more like.
Lmao
Incredible, 20 minutes, and not one mention of Roaring Kitty.
Yeah. Disrespectful. He made so many people millions
Yep
It didn't even squeeze yet. Shorts still didn't cover yet.
There is a reason that he wasn’t mentioned.
Keith is highlighted but fleetingly so, there should have been much more attention on him as he was critical to this - big time.
This story is not over.
How do we know when the squeeze is over?
@@mohamedelrayes6932 It’s never over.
@@alexski4669 aight broksi. To infinity and beyond
@@mohamedelrayes6932 AMC TO THE MOON! WSBs taking it to the moon soon. Buy and hold build up for 4 months now. We are getting close.
Who is ready for liftoff?
My strategy is; buy quality companies, expect to hold no matter what, pay up but don’t over pay, keep track, sell rarely, be ready to course correct.
A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.
@@theresagarcia1218I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.
@@mayacho4910Exactly, i will never go into this market without guidance, please who is this coach that helped you, can you possibly do a referral?
@@helenoliver4838 She is my personal coach, trader or broker, whatever you prefer.
@@helenoliver4838Just look with her name online, you will be directed to her page, there you can leave your messages.
I didn't invest in GameStop but the fact that robin hood put a stop to this pisses me off so much, I want the CEO of Robin hood personally liable for this. I'm talking jail time and fines ( like in the millions )
Billions*
Investment is really good mostly when it's a profitable platform🤷
Agree
Buy some now
Dig deep my friend, Very likely you would change your mind on the "not buying GME" mindset (Not financial advise)
GME is still massively shorted directly and indirectly through ETFs like XRT. This aint over!
They are talking like the squeeze is over. I believe it's not.
I believe we have 1 squeeze, bigger than the previous one, is still awaiting us.
Over 500 mil stocks might still be shorted. Out of the 70mil shares that exist. Melvin, Point72, and Citadel are fucked. These people have two digit billions so the share price can go extremely high.
I am still holding mine that i got @200
💎 👐
There was no squeeze, they never covered their short positions. They shorted even more... if they cover their position, the stock will rise into the thousands.
FT fails to explain how "sophisticated" hedge funds utilized synthetic instruments to drive short interest to an untenable 138% (yes, I know theoretically it can go as high as 200%) Their failure to perform stress tests led to their demise. Bravo to the retail traders who are only guilty of "trading while poor."
A common thought is, “VW’s short interest was only 28%, and went that high. Imagine GME was shorted over 100%, it will be much higher”. What people fail to realize was for the VW squeeze was the short interest actually rose to about 2800% when there was only 1% left of the free float.
Given the fact GameStop itself claimed in their Q4 2020 Earnings Report, that more than 100% of the float is currently shorted, given that official sources claim 140%-200% institutional ownership, even without retail, this thing is far from over. 483$ was nothing.
In their release yesterday about the future share issue they also said to not trust the media. Bullish
I'm all in!!
This must be a production commissioned by Citadel
yup hot garbage.
Why are all these GME reports in past tense? Took? Don't you mean "is taking"? Just in the last two days it went -33% then bounced +52%.
because they want people to believe they missed out and its already too late so they don't create loads of hype around it like last time
Towards the end of the film there is a section that covers the second coming of GME shares
Exactly. This thing is just the beginning of something bigger. Now with Ryan Cohen as CEO at Gamestop I think we will see some big changes.
@@ZetaReticuli87 btw he's not been announced just yet
Part 1. We’re still in the making baby! GME and AMC🚀🚀🚀
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@georgerobinson2021 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.
@@jesbensommichael8397 Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA
@@georgerobinson2021 Look up her name on the webpage
@@jesbensommichael8397 Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
You've literally made a film about something that's still going on. You better make an ending to this when it reaches 1000
Sure, $1000 in 1000 years when GameSpot replaces Amazon as the online monopoly.
@@ClickLikeAndSubscribe the squeeze to the ATH, $483 was only a gamma squeeze, as disclosed by citadel at the congressional hearing. Means that the short squeeze hasn't even started. $1000 is highly probable very soon, just need a catalyst like the earnings report
@@CalexBudz earnings report?
What earnings?
@@wolfiestreet6899 turns out it happened 2 days ago, there will be another catalyst soon hopefully
@@CalexBudz what did?
We're just getting warmed up, @FT..... 💎🤟🚀
and best part is... It's not over! In fact the squeeze has not even started.
After the game is over, I´ll come back to comment how high the rocket flew. "In my opinion David won" - the game is not over yet.
Lmao today it literally went from 120 to 183 and then 191 in aftermarket TO THE MOON 🙌💎🚀
The predictions are really accurate, with this sure the market is going fast 💫
I am an 🦍 with 8 GameStop shares 🚀🚀🚀
I now have 25 shares
@@KUPHSER This is the way
@@Pughy 😘💎🤲🦍🚀🌒
Its funny when Hedge fund extracts value, they are called excellent money managers. But when retail investors extract value, they are called the retail mob
We. Like. The. Stock
Part 2: GME exposes massive shorting fraud within the financial system.
Part 2 gme actually squeezes without the interference and the shorts actually cover which they didn't yet.
make sure you guys update this documentary once we hit 10 million per share
This ain’t over 🚀🚀
This video is mainstream patronization of retail investors
To anyone reading the comments and believing it's finished:
It genuinely isn't.
Gamestop in a forward statement of risk assessment *warned people that an aggregate short position greater than the float may put them at risk.*
Gamestop has ZERO liability in this regard. They did NOT have to include this statement. They however, chose to identify it as the SINGLE BIGGEST risk to *any* shareholder. Is that of the short position.
There is a LOT of maths that supports this theory, that the shorts have NOT COVERED THEIR POSITION.
The current statistics about SI% of float are NOT correct.
GME very well may end up in the THOUSANDS per share.
In hindsight do you see how much of a moron you were?
I mean u wasn’t wrong GME TO THE MOON
I feel like after AMC short squeeze happens, reddit will target every company shorted by citadel whether or not that company has any value lol but just based on the value of hurting citadel
New laws in place will stop this from happening. Amc is already too late , they got caught.
@@onceupon121 it would be best if you stop saying things like this, it just ran up 25% this week. Obviously you don’t know what you’re talking about.
@@onceupon121 laws cant stop people from participating in the markets
buying calls is not market manipulation
The core of the rationale for holding GME was that the sorts were way over extended (the only way they can get out is for GameStop to go bust) so the short will need to cover (buy) the shares at a price dictated by the holders of the shares.
What has changed from pre-Jan till now?
On the Shorts side very little, it seems they have not covered at all and may have increased their short positions as they try to keep the price down to avoid being margin called.
On the GameStop side it's all good news it seems : very good Q4, new management with proven transformation success, e-commerce vision, and very healthy balance sheet. They are not going bust any time soon.
So the real question that needs to be asked is what has changed? Sorts look to be in a worse position, Longs in a better position.
Has the Squeeze Squoze? No.
(Personal opinion only, not financial advice).
Diamond hands does not mean how many losses you can stomach miss. It's HOLDING on to your shares
"GameStop stock short squeeze" ... is far from over
I pray everyone who reads this becomes extremely successful and encounter a kind of blessings that will overcome your fears! Spend less and invest more
Thanks
This period in my life will always be remembered as one of the most interesting ones and fun ones ever. It was hilarious to live this through and we made the rich people feel bad. It was great
Not over yet
@@rageboxprox it is over. The covid, the lockdown, everyone being at home and this movement gaining momentum. It was unique. I dont care about the future of the market or whatever but the uniquness of the circumstances
@@petarveljkovic4906 over 50% of the float is registered by 200,000 retail investors wake up
Thank you for this film, it is actually much more nuanced than your previous ones. We like the stock.
We all don't really need to worry about the dump in bitcoin price, bitcoin still remains one of the best investment one could make in life .
I'm a huge fan of crypto, I have a few coin in my blockchain wallet.
Crypto is the future, Investing in it now will be the wisest thing to do especially with the current rise.
Yeah Cryptocurrencey is the best and very profitable when it comes in investing.
Crypto has become a lucrative and profitable way of making money .
I actually see cryptocurrency taking over the financial world! It's making waves.
No way retail had that amount of money... It's obvious that the biggest people on the buy side were institutions too
Cool story bro. Take a look at the odd lots in gme during that time as well as avg share trade
Word.
@@ControlTheGuh big institutions can and do drip feed in order to hide.
@@ControlTheGuh Bro you actually think institutions on the buy side are gonna go "aight homies gimme 10,000,000 of those shares in one transaction please". LMAO how stupid are you?
@@rudy_4ier hey tiktok finance bro. Do you think they say gimme that 1000 lot in 1lots? While the stock is ripping up and down 200usd per hour?
The past tense on this vid is hilariously suspect
saying GME squeezed is misinformation...
the game is not over and the stock never squeezed
the real squeeze will be in the millions a share
Do you understand how market caps work?
Quite literally impossible for GME to be trading at those prices
imagine thinking this is over rofl
AMC TO THE MOON SOON!
Its over
To the Moooooonnnn!!! what a recovery after the earnings yesterday. +52%!
Thanks for the update. I stopped selling calls now. I’m all in. No ceiling imo. Watch next week and the week after. Thousands of people are going to be dressing up for GameStop in NYC On the 9th and going to tell the masses about its DEEP FCKN VALUE! So much attention will come after that. Hope yall share the event and come if you can. It’s going to be huge
"gamestop, a tiny consoles retailer, that most normal people had never heard of"
Can we consider that she just named one of the biggest influences on most of our childhoods/teenage years completely unheard of?
Furthermore this is FAR from over, more and more companies are flocking to the battle, and less than obvious ties between GINORMOUS companies are being found. Look at Jane ST Capital. in two days GME went DOWN over $60.00 then UP $60.00. that was this week. This is so far from over.
The paternalistic sympathy is painful. This isn't even over for goodness sake.
You think this is over?
I was up 48.68% today. Waaaaay not over.
Twenty minutes and not one mention of u/DEEPFUCKINGVALUE? For shame...
I like the stock
They did flash his pic for 1 second. Lol
BRO IN THE HEADPHONES IS THE ULTIMATE PAPER HAND 😂
💎💎🚀🚀🚀
Stay safe, don't sell your kidney
@@codefluence Nothing of any value was ever achieved through staying safe.
@@VHARDJO peace is for the dead.
Probably the only video I’ve seen with no dislike…
👍👍👍👍👍👍👍👍👍👍👍👍👍
#GME is not over !!! The stock split in JUNE will start #MOASS #ShortSqueeze !!!
6:47 "trading is a zero sum game." incorrect. If the company in which you invest creates value you make a profit. Trading (investing) isn't gambling which is a zero sum game.
Ahhhh…2021😊
It was merely a flash-in-a-hot-pan moment.
GME, as of January 2nd, 2023, closed the previous day at $18.46... The majority of people will never see a return on their investment.
Still Not Selling! APES NOT LEAVING 💎🙌
Was? It's even more shorted now
THIS AIN'T OVER
We need to troll these people hard.
*Update* SEC says shorts did not cover. So, is there going to be a part 2?
THIS IS JUST THE BEGINNING!
The story ain’t over. The only reason there’s little to no volume is because The retail are holding the float and we will keep holding. The MOAS is coming
Who's here getting pumped for the AMC squeeze?
Screw the hedgies, they are POS.
Bro, looks like these game stop apes are still fighting the fight. I don’t see AMC War end anyone sooon meaning I don’t see it hitting 100k anytime soon
AMC squeeze will probably take sometime but I’m holding no matter what
Jan event was a gamma squeeze, not a short squeeze.
I guess FT will releases a new video in the near future, 2 months after the short squeeze happens.
Funny I just bought today & XRT gapped up, thanks I now feel confident in holding for earnings
Round two, let’s go!!!
I watched the first 3 minutes of this, I can tell you the journalist here don't really understand what is happenING here
and after finishing it now, I would cancel my subscription to the Financial Times if I had one, the only guy who seem to know what he was talking was the 30's something guy who was interviewed over zoom
11:23 is that not the cutest and unprofessional laugh? she is the cutest
Was looking for a comment like this. Like were we all gonna just ignore the fact that this girl is a complete smokeshow? 😏
I appreciate that you waited to see the dust settle before putting this out. It's nice to see a traditional news organisation like the FT behaving sensibly and in the public interest rather than just getting the scoop as soon as possible at any cost
Go look at the stock, how this is over? This is just the warm up
Go look at why the Russell is tanking. Hedge funds are shorting the ETFs with GME in them. This is very bad. Enough is enough. I'm holding till they're in jail
The shorts never covered. Robin hood DID cut the buy button by direction.
It's 4/04/2021 and I'm still holding ^_^
APES TOGETHER STRONG, WONT STOP, CANT STOP, GAMESTOP!
POWER TO THE PLAYERS
IT'S NOT ABOUT THE MONEY, ITS ABOUT SENDING A MESSAGE! XP
I happened to come across your comment, and today is 4/4/2022.
@@sonyvalencia I'm still holding, the show goes on! Kek.
@@TheDrackOfSpades Cool am still holding too!
0:04 is*
Part 2 coming up 🦍
Waiting for part 2
How nice when the rules have to change when retail investors is winning.
Looks like Andrew Left was right, he got the last laugh. GME is way under $20 now. AMC got hit even harder down 99% since it's highs.
Coldfusions version is the retail version. This is the hedgie version that leaves out important reasons why retailers bought GME
Yes it’s not a well done report at all … vary poor
Shorts never covered. History will repeat itself and it´s only a matter of time
Institutional investors and retail can never work together, as again trading is a zero sum game, and institutional investors represent 70% of invested funds in public equities. Institutional investors buy or sell dictate the price of a stock in general. They make money by ripping the 30% off
Ape stands together diamond hands
What do you mean the history? It ain’t over yet and it still hasn’t short squeeze yet
"$483 which is mind boggling"
Hold my banana...
I hope these morons have 2 hands free, cus I have a banana in one hand and a beer in the other.
🦍🦍🦍🦍🦍
The saga continues and I was in on the ground floor in early Jan. Jumped back in & made a 12% return in 10 minutes today (3.26.21)
It's not over!💎💎💎
Fantastic video thanks
GAMESTONK
Love that the guy bought a hottub hahaha.
I'm the guy who bought the hot tub -- I love thinking about Melvin crying while I'm sipping a scotch while I soak in the tub. No regrets! 💎🚀
@@MFrawley diamond hands.
@@MFrawley Hey man, are you the guy in the video? Can I follow you anywhere? Like Instagram or Twitter?
@@c1stokes twitter.com/idlespoon www.twitch.tv/phantom_paine
@@MFrawley Thanks, I will make an account and follow!! Can I reach you directly in any way. I would love to learn from your experience in investing! not sure what I can offer as I'm sure you're not after money!!) But I'm open to anything I can offer as I could really do with the help and knowledge!
it was unclear, did robinhood prevent the buying or selling of stock?
They prevented buying, I heard you could still sell
What up;50% UP AFTER HOURS
Shorting gamestop is like shorting tesla... death or glory
When will the tactics of synthetic, naked shorts be exposed and those adopting the tactics be punished?
funny how its happening again
All eyes on Loopring now!!!
13:31 Stocks go up, but unfortunately they also go down...
You forgot to mention that then they go back up even higher!! It's called a bull market BABY and shorters will pay the way.
What is your cost average on GME & (or) AMC?
What "authority"?
wow, so many cuts to make it look thrilling and nothing behind it
That guy sounds like rich greenfield lmakooo
Mhhh... Let's have a look on BBBY 🤔
Necesitaba este enfoque
This video needed more memes in the quest to feel like the /r/WSB
We're still here 🤌
DONT HATE THE VIDEO, THERE IS GONNA BE A PART 2, 3, and 4, for this video
So what’s the reddit group to watch and invest
Superstonk and amcstock
LOL January was just the warmup for what’s coming
What’s the Reddit page called?
r/ThereWasAnAttempt
13:57 i see a board that says the us collapse and become a past memory in the year 2076 which is 1 year before that the game cyberpunk 2077 was set to.
note: this is probably not true
Over 500 mil stocks might still be shorted. Out of the 70mil shares that exist. Melvin, Point72, and Citadel are fucked. These people have two digit billions so the share price can go extremely high.
Disliked for use of past tense - other than that, good doc.
The short squeeze hasn't even happened yet....that was a gamma squeeze