Page 5 - Thread Wallstreetbets News Today

[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 ofa little hole, right, and everything is quiet. you hear your bubbles.you hear breathing. and you j...

- i said words on there thati would never say in public. - and im hearing about likeall these different lingos that are kind of fun. im like, ooh, diamond hands, like paper hands.like, im a bro now. - the whole joke is, like,diamond hands. you just have to notreally treat it like money. and thats when i took350k, and i just like yolodthe fuck out of it. sir jackalot:if youre like me, youre watching every minuteof your favorite stock during the day.you want to be able to be with your people, all ...

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.

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.

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,whats wallstreetbets? [music playing] man:dear viewer, do you money? do you like money?does your money like money? does your money want to makesweet lovins with other money and have beautifulmoney babies? do you haveinvestment accounts you dont understan...

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...

[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 really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so im learningall these different things, and its like, buy amc.buy blackberry....

As like im in the nba finalsright now. 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, ...

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, right? and the stockwould start to go up as everyone jumped on board. that was the first real sign that the retail marketwas having impact in a stock.

Who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. you know,it is really frustrating. the boomers,they think were lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i aint got timeto wait for retirement. you got to will itinto existence. lifes just not fair.the world is a harsh pla...