Page 3 - Thread Wallstreetbets News Today

Ballpark, it wasaround $30,000. - i started investinglast year with $40,000 and ended up putting itall in on gamestop. - 88,000 sharesat november 2020 at $13. i mean, you cando the math yourself. i think that was close tolike $1.1 million. so yeah, i was one ofthe first whales in gamestop. matt kelly:i post my yolo to wallstreetbets.man, did i get-- i mean, it was all like,youre a fucking idiot. the fuck is wrongwith you? [interposing voices] [music playing] man (on tv): --analysts in searchof a...

I have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and im feeling cute,you know. then imwatching the numbers and it just keeps,and im like, huh. maybe this is something. reporter: gamestop is knownas the worlds largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wall...

Lifes just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail-- [interposing voices] reporter: all this whiningby wall street, its making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,its calming for me, because youre seeing out...

At this point, i had neverinvested anything, ever. - so i was spending every day just kind oflooking at numbers and seeing portfolioson the phone. and its like,ok, so airbnb is, like, $176. under armour is $17. and im looking at thesethings and im like, well, what can istart investing in? matt kelly:i was on reddit looking atall these different things, and then i started comingacross wallstreetbets. [typing noise] - so im on reddit and itslike r/wallstreetbets, like the slash. and im like, well,...

Do you haveinvestment accounts you dont understand or pay attention to becauseyour meaningless desk job is all the excitementyou need? or are you atrader? [interposing voices] matt kelly:i loved the sentiment of wallstreetbets.i loved it. i was like,these guys are fucking nuts. [music playing] man: in a small,exceptionally unhelpful, and irreverent cornerof the internet, therein lies a battalionof nihilistic meme lords who discuss their positionsand strategies, speculate and argueover the market...

Andim like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i dont knowwhat the fuck im doing. im an idiot.and then it went back up. im like, oh,im a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self. but on wallstreetbets, we just acknowledge,like, were just all idiots. [typing] stock expert:wallstreetbets came on our radar, and we first startedto talk about it with teslain the sum...

All screaming in terrorif something falls. the stocks are going to go up. theyre also going to go down. the important thingis just hold on. sir jackalot:i got the memes. im, like,put in rocket emojis when you thinkyoure going to be rich. ape alone, weak. apetogether, strong. [laughs]its so true. mikeymillions:the ape is the unsophisticated investor.you can go to wallstreetbets, tell them thatyoure going to buy shares of a dying company, and you willreceive accolades. kirsten:at this point, i rea...

- i started investinglast year with $40,000 and ended up putting itall in on gamestop. - 88,000 sharesat november 2020 at $13. i mean, you cando the math yourself. i think that was close tolike $1.1 million. so yeah, i was one ofthe first whales in gamestop. matt kelly:i post my yolo to wallstreetbets.man, did i get-- i mean, it was all like,youre a fucking idiot. the fuck is wrongwith you? [interposing voices] [music playing] man (on tv): --analysts in searchof asymmetric upside. if it isnt cle...

Many of these small guysare pointing to elon musk. man: the god, the king,the meme master himself, elon musk has tweeted aboutgamestop and wallstreetbets. we are on his map. [launch sounds] man: if you happento be on social media and you have a great reach,is that not power? is that not influence? - diamond hands, baby.diamond hands. like, to the moon, boys.to the moon. gamestop at $420.

Im an idiot.and then it went back up. im like, oh,im a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self. but on wallstreetbets, we just acknowledge,like, were just all idiots. [typing] stock expert:wallstreetbets came on our radar, and we first startedto talk about it with teslain the summer of 2020. wallstreetbets would makea meme or a joke about somethingthat was happening. papa elon on a rocketto the moon, and teslas goingto $7,000 a share...