WHAT IS GOING ON WITH GAMESTOP STOCK??!!! BOOM OR BUST

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Game Stop has lost 1.6 billion over the last 12 quarters or 3 years
WHAT IS GOING ON WITH GAMESTOP STOCK? GME fell for 6 straight years until 2020
The stock rose by 94% after co-founder Ryan Cohen of chewy joined the companies board to help the digital transformation
At the same time, the Reddit rally started to try and squeeze the shorts

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Citron Research: famous for shorting Tesla, Amazon
Andrew Left Gave up today on a Youtube video
Famously held a short position on Tesla from 4/2016- 9/2018 ($50-$60 post spilt) then changed his tune to positive while still filing a lawsuit against Elon for Manipulation.

Left’s lawsuit alleges Musk manipulated the price of Tesla stock with materially false and misleading information. Specifically citing Musk’s infamous Aug. 7 tweet about taking Tesla private, Left’s lawsuit alleges Musk saying that funding for the company was “secured” is “a textbook case of fraud.”

Melvin Capital:
Gabe Plotkin, Manager. Denied rumors that the fund will fail
Shorted tesla from 2016-2020 $50 - $600-$700 a share
What are the analysts saying?

B of A global research has raised their price for GME from $1.6 to $10 at the time of this video its at $362
Cramer added on “Squawk on the Street.” “I’ve never seen guns like this. They can break shorts.”

Is the party coming to an end
Will the SEC put an end to this? Can this be considered Market Manipulation
Former SEC Counsel says: SEC is addressing the Gamestop rally
Someone who in familiar with the SEC is Elon Musk Tweeting “Gamestonk”
Elon is not unfamiliar with the sec: Tweet about going public @ $420 resulting in a 10 million fine to the sec
Then tweeting that Tesla stock is too high
Recently he tweeted about a knit hat he bought on Etsy sending the stock up 8%

The Gamestop effect is now spilling over
AMC
#SAVEAMC is trending on Twitter as of Today 1/27/2021
Raised 917 billion and will get them through most of 2021
But the fundamentals don’t look good for the company
BBY
64% of its float shares being caught in short positions
Up 70% in 2021 but I think this was the angry mob of housewives on Pinterest

Other honorable mentions
Blackberry, National Beverage, Macerich, Tanger Factory Outlets, TootsieRoll industries, Children's Place, Irobot
Crypto
Impact on Crypto markets

Why are investors doing this?
Act of defiance
Saving nostalgic brands: i wish they were around to save Toy-R-Us
Earnings season
Apple - expected eps $1.41 per share analyst see this going to 175-225
Tesla - expected eps $1.03 per share

CCIV: Video coming later today so don’t miss it
Going to explain your risk vs potential profit
Also going to measure it against another spec play Workhorse
If your enjoying these videos then your really going to love our stock group
Less than a dollar a day
2nd week in we already have student up 20% on their investments
And I have messages like these
Tammy
Ivannia
One of the biggest opportunities in the market this year is Crypto but its being manipulated like crazy right now - so this could be a great opportunity to get in at a low price - to learn more about that click the video on the screen right now.

Disclaimer: Everything I say on this channel is my opinion only and not meant to be taken as advice. All the information I share to buy Real Estate or invest is not be mistaken as a solicitation or recommendation. Always check with a licensed professional before making any investments.

#gamestopstock #gamestop #amcstock