Welcome to the Wally Show aftercast, all those things we did not get to during the course of the show today, including an explanation of a story that you've probably seen flying around.

It's that story where a group of people that trade stocks and they have this thing on

Reddit where they all got together to decide to trade stocks and to run the price up on a

company and how it cost fortune fund managers billions of dollars

I heard about I just don't understand it I get that it's confusing to understand but I have a good explanation of how it went down and the way it happened.

So this group of investors saw the opportunity to make money if they all invested in this company called Game Stop.

It's just a video game company. They sell new and use things they were trading at about

18 dollars so not a not a big thing but they did this at the expense of a hedge

fund and the way this works is the group looked at this hedge fund and

realize that the hedge fund was doing what's called shorting a stock okay this

is where you're betting that the stock will go down because the stock market's

gambling, basically. So you're betting that the stock is going to go down. If the stock goes down,

you make money. Isn't that crazy? So for example, like, okay, so say you short a stock that's $10 and the stock drops to

seven, that three dollars that it dropped, you make that money when it dropped because you're betting against the stock.

It's crazy that that happens because normally you want the stock to go up,

but when you're shorting something because the stock market's all I mean it's all a root it's a

shell game man like and it is complete gambling but they must have had some kind of

hint that they wanted to short this certain thing because they thought it was going to go downhill?

Yeah, that's the thing. The hedge fund manager shorted it because when it drops, they're going to make money.

So what happens is all these other investors that are just random day traders and just normal people pool their money together and they all say let's make this stock go up.

So what happens is that stock rises and it went through the

roof it went from $18 to $350 a share. So if you're a hedge fund manager and

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