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Diamond Hands The Legend of WallStreetBets

>> the week of the squeeze, i was describing it to my girlfriend as i'm in the nba finals, i need to be on all cylinders. this is like when i have to execute, it's probably the most important week of my life. >> i got my stimulus, so i started throwing my stimulus and it, and i'm feeling cute. then i'm watching the numbers, and they keep going up. and i'm like, yeah, maybe this is something. >> gamestop is known as the world's largest video game retailer. the stock is now the center of a david versus goliath story. shares driven by post on the form, wallstreetbets. >> my wife and i are driving to meet our realtor, and gamestop is moving. >> there are potentially billions of dollars in investor dollars, on the line here. we're supposed to be looking at houses, and i'm like, i can't look at houses, i'm standing my phone she's like this in this, and i'm like that's great. this is a great house, let's

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Diamond Hands The Legend of WallStreetBets

come to send a rocketinto the sun. one day whenthe trading is done, we'll take ourgains and go. before the newshad hit the market, wallstreetbets came upand bought it. with diamond hands they knew they'd profit,if they could only hold. [grunts] - is there anything in therethat could get me canceled? g is there anything in there tht director: huh? could get me canceled? >> as i think they can get the counselor fired for my job?

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Diamond Hands The Legend of WallStreetBets

all of the shares outstanding for the company were basically shorted, which is absurd and unprecedented. >> so i tried to look for historical precedent on what would happen if something was over 100 percent sure did, but there is nothing. >> well when you sell stock short, you're betting that the market is gonna go down. and if you're wrong, the stalking go up against you very sharply. and you have to close that position, usually at a loss. you can see guys on wallstreetbets, i knew what they were doing. these guys are smart, they understand that okay, we can get leverage on this thing, right? i know that if we gather together, there's a point here at which we can really push against hedge funds enough to kind of weaken, and we could force a stalker. -- >> squeezing out all the short players from the market. that's a short squeeze. >> you've got to be really

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Diamond Hands The Legend of WallStreetBets

all these different things, and i come across wallstreetbets. >> some on reddit, and it's like wallstreetbets. and i'm like what's wallstreetbets? >> dear viewer. the eu money? do you like money? does your money like money? does your money want to make sweet love in this with other money, and may have beautiful many babies? do you have investment accounts you don't understand or pay attention to because your meaningless desk job is all the excitement you need? or are you a traitor? >> i love the sentiment and wallstreetbets. i love it. i was like, these guys are flocking knots.

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Diamond Hands The Legend of WallStreetBets

investor, you can go to wall street investors, and buy shares of a dying company, and you will receive accolades. >> at this point, i really didn't have a single amount of technical analysis, or able to do anything like that in the stock market. but i knew, bylaw so hi, my name is kirsten, and i am storm queen. >> i'm learning all these different things and it's like by mc, by blackberry, by bed bath and beyond, and it's popping. >> a lot of these guys are in the that's-ing him -- and went to like 50 and i just miss made a bunch of money on that, and went down, and i was like i don't know what the book i'm doing, i made it. then went back about, i was like homogeneous. >> everywhere else on the internet, people are trying to be their best self. on wallstreetbets, we just acknowledge that we're all idiots.

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Diamond Hands The Legend of WallStreetBets

i'm going to feel this anxiety. i'm reading wallstreetbets religiously. i'm seeing all these posts about like, it's gonna crash, all these things. so is getting in my head. the psychology is really flocking with me, that's where wallstreetbets is at. the sentiment is changed, now there's 1 million people on their, and all the shots happening. unlike all right. is that the senate now? people just thinking that, this is done, it's over? i felt like i fell into a cult, him ahead i was like, i feel like i got this cold mentality. . i've been preaching that for years, how did this happen to me. that's how i felt my head, i felt like had been lied to. i felt like i bought into something that wasn't true.

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Diamond Hands The Legend of WallStreetBets

know to stop. -- the mark is not always gonna be nice to you. >> when i started all of this, i never really had any idea that one, it would really be an income, now i can be an influencer, nba finance in florida's are, so new term people call it. that's where i'm at now. >> the whole premise of wallstreetbets is to make money quickly, and do it in a way that's not healthy. and when you do make all that money, you don't even know what to do with all of it, that's kind of like a wiota way, because i wasn't really happier. i wasn't happier at all. >> the one thing that i've noticed from the people that have gotten rich quick, is there never hear the year afterwards. they'll make the news today, and i do some fun stuff, but if you don't learn how to manage your money, or learn how to manage wealth, you won't keep

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Diamond Hands The Legend of WallStreetBets

>> in an irreverent corner of the internet, therein lies a -- who discuss their positions and strategies, speculated over the markets movement, and provide sage advice to the humble stock trader hit just so happens to stumble on this fine community. >> wallstreetbets. >> hello, i am the surge acolyte, i'm here wherein the -- because i'm a millionaire, and i like to stay anonymous. >> i tell my friends, this is a crazy subreddit, guys are making money, they're also going to work so if you like risk. . >> i saw all the people posting million dollar games over the past year. i was like the sounds like my kind of place. >> you see the success stories of dudes who made a random call, and they came out with 100 grand. >> and it's, like you're gonna get sucked on taxes, have fun with that.

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Diamond Hands The Legend of WallStreetBets

>> once people realize that melvin was losing money, that citron was losing money, they suddenly became a whole movement. >> we can change the biggest economy on the planet, and break wall street. >> the number of the community keeps growing, it's like 4 million people, and then the next day it's like 5 million people. next day, 6 million people. and then the news cycle starts taking over. >> the online army of average investors dealt a blow today, and their fight against the wall street establishment. >> thousands, if not millions of them decided to buy up that stock be used to be cheap. >> media is talking about this wallstreetbets, the form is exploding, everyone wants to get a piece of this thing. >> the swings were insane. when it went to 1:50 this time --

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Diamond Hands The Legend of WallStreetBets

up with been told go to college, get a job make a living. frankly, that's just not realistic for a generation. it is really frustrating, the boomers think were lazy, you know the whole term pull up your boot straps and work hard, to get the same life they had? no, the world is very different these days the next pandemic in 2025 might wipe this all out anyway i have no time to wait for retirement you've got to will it into existence life just not fair, the world is a hot place, and the stock market which is the purest form of yolo. >> -- short sellers continue to get hurt by wallstreetbets. >> it's making me sick. >> this is populism coming for

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