The Meme Casino Reopens
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 14 May 2024
⏱️ 30 minutes
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| 0:00.0 | Welcome to the mania, you're listening to Motley Full Money. I'm Ricky Mulvey joined today by Jim Gillies Jim Meam stocks are back. How are you celebrating? |
| 0:27.5 | I'm not, but thanks for the invite. |
| 0:31.7 | Oh yeah, happy to have you on this show. |
| 0:34.0 | Because if I say good to see you then you say good to be see it and occasionally I |
| 0:37.8 | got I got to throw in a little little bit of a curveball to get a score. |
| 0:41.2 | There is like one topic we have to talk about today and that is that is the |
| 0:45.8 | Mem stocks gym. Game stop more than 200% over the past five days at the time of this |
| 0:52.0 | writing it could be anywhere between |
| 0:53.8 | negative 300 to plus 2,000. The rally kicked off from a tweet from Keith Gill |
| 1:00.5 | aka roaring Kitty aka another screen name I'm not going to say on the show, |
| 1:05.5 | of a man sitting forward in a chair |
| 1:08.6 | to play a video game. |
| 1:09.8 | If you don't know Roaring Kitty, |
| 1:11.2 | he's the retail trader, |
| 1:14.3 | Redditor, sort of ringleader who kicked off |
| 1:16.8 | the first rally with videos and tweets and memes, |
| 1:20.6 | had a book in movie made about him, |
| 1:22.4 | gave a congressional testimony, and this meme that kicked off this |
| 1:26.6 | rally came after a three-year hiatus and at one point added $4 billion to the market cap of GameStop. That's a lot of setup. Jim, what do you make of the |
| 1:36.4 | comeback? If you had any doubts that we are living in the stupidest timeline, This should erase them. So I remember well the Game Stop saga |
| 1:47.6 | because I'm actually the fool who recommended Game Stop about two months before the original Mem Stoc craze took hold. |
| 1:58.0 | And it's funny because if you go back and look at the thesis that I had at the time and I'll build it out in a minute. |
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