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Rebel Capitalist News

News: You Won't Believe This...Meme Stocks Are Back

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 13 May 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Robo capitals hope you're well.

0:02.4

So we got some big news in the stock.

0:05.1

Well, actually, one stock in particular.

0:08.5

That would be GameStop, believe it or not,

0:12.1

up 110% holy cow can you believe that so let's check out what on earth is going on with these

0:20.8

meme stocks.

0:22.6

And then I want to scratch beneath the surface

0:26.4

to try to understand the psychology

0:28.9

behind what is going on.

0:30.7

I think there's far more to it than just short squeeze. So let's go right over to

0:35.9

CNBC to start. Do a quick screen share. There we go. Here we go. Title guys, GameStop shares sore 80% this is just the most recent because the

0:46.0

volatility is just massive we're right back in 2021 and earlier this morning I saw it was up 30%, then I refreshed and I saw it was up 110%.

0:58.0

And now it's up 80% and they've halted trading multiple times on this stock.

1:07.0

So we're back to the good old days.

1:09.8

So why on Earth is GameStop mooning right now?

1:14.2

Well, I think there's a lot of interesting psychological components here,

1:18.8

but the catalyst to this was Roaringitty himself came back out after years in hiding or whatever he's doing and he

1:30.9

posted something on Twitter I believe and I'll show you what he

1:35.2

posts he just made one post didn't even say anything it was simply a picture

1:40.9

and that's what led to this mania, this hysteria that we are seeing play out right in front of our eyes today.

1:49.0

Key talking points, roaring, Kitty, the man who drove the GameStop,

1:53.0

Manian, 2021, posted online for the first time in roughly three years.

...

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