crazy.i was telling my friends who ve been investedin a long time. like look, this is i can barely explain it. i sound like i m some qanoninsane person. i m like, yeah,there s this guy, ryan cohen, who s like doing thisand that. and the shorting, i don t evenknow if that means, but that s what is happening.and they re like, dude, you know. i go to my wife and i m like, hey, i really think this couldgo up to like 50 bucks or so. it s at like $13 now. i thinkthat s like a given. i think that will happenfor sure. i mean, maybe even $100.that would be insane. i think i m just going to put a halfof everything in it. she s like, why don t youjust go all in? i was like,what are you talking about? she s like, well, if you feelthis way, go all in, right? -you really do only live once. you only have one shot. so like you might as well dosomething fucking crazy and memorable, because if it s crazyand memorable, people remember that shit. because if you do stuff,the boring, bullshit,
it starts going up from it starts going $40, $50,$60, $70. it goes up to like $180that day. i m sitting therewatching the ticker, and i m like,i need to do this now. i need tosell out, because i was in other stuff.and i was like, i need to sell for a lossand get back in right now. and ifucking do it. and i m holding 2,000 sharesagain of gamestop. i m not selling it for lessthan what i think it s worth, and whati think it s worth is way more than what they wantto pay for it. so i m holding fora million dollars a share. i m holding for the moass,the squeeze. nobody knowswhat it can go to. this has neverhappened before, and it probably will neverhappen again. it could come now. it could come infive years from now. it s turned into along-term investment for me. [explosion] i m hoping this is the biggesttransfer of wealth
and that is very troubling. - they had to sacrificesomebody in order to resolve this, and they sacrificed the peoplethat wanted to diamond hands their gamestop. and a lot of peoplelost a lot of money. andy barr:so if anyone has a problem with your decisionto halt trades, it s fair to say thattheir frustration should be directed towardfederal regulation. vlad tenev:congressman, you know, i m not trying to throwanyone under the bus in direct frustrationanywhere. all i cansay is robinhood s security played this by the booksand played it basically the only waythat we could remain in compliancewith our deposit requirements. andy barr:mr. tenev, i appreciate chris garcia:wall street s got it to where they have every card and they knowevery rule of the game to where we re going to bend and bend those ruleswithout breaking them. and the problemis what they do, us typical little guys will never be ableto do that stuff, right? maxine waters:mr. gill, you are now recognizedfor five minutes to pr
cult, right?that s what i felt in my head. all this stuff, i felt likei got this cult mentality. it s like you ve gotto be careful about confirmation bias.you ve got to be carefulabout these things. and i had beenpreaching that for years. i m like, how did this happen to me?that s what i felt in my head. i felt likei had been lied to. i felt like i bought intosomething that wasn t true. chris garcia: once we startedlosing money, dude, the margin calls werecoming in almost daily. and for a while,it was daily. it was like, hey, you owe us,like, $2,000. like, you need to clearthis up now. shit. let me sell x amount of stockof this, right? because before all this,i was just using my cash. so granted, as soonas they turned on margin, i paid the 5 bucks a monthfor the robinhood gold. seriously,once i got to there, it was like, oh my god, dude.like, they re going to give me an extra,like, 8 grand right now to play with? i lost thousands uponthousands
reporter:citron and andrew left, those guys thinkit s going to $20. - pretty obvious whatthe price target is right now, right? i mean, it s almost certainlygoing to $420.69, right? [laughs] kidding. am i? [music playing] matt kelly:this is where stuff started to shift for me, right?i m not sleeping at all. i can t focuson anything else. i m compulsivelylooking at my phone. and i started buying intothe whole diamond hands thing. i think luck is whenpreparation meets opportunity, and this was an opportunity.