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The Wolf's Den

The Wolf Breaks Down the GameStop Debacle | The Wolf’s Den #113

The Wolf's Den

Jordan Belfort

Society & Culture, Business

4.71.2K Ratings

🗓️ 9 April 2021

⏱️ 35 minutes

🧾️ Download transcript

Summary

In this episode of The Wolf’s Den JB explains the current state of GameStop and how WallStreetBets created the debacle to begin with. As JB always says, bulls make money, bears make money and pigs get slaughtered. If you trade or have wanted to start, you DON’T want to miss this one!


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#JordanBelfort #GameStop #WolfOfWallStreet #TheWolfsDen #WallStreetBets

Transcript

Click on a timestamp to play from that location

0:00.0

If you're a business owner, you don't need me to tell you that running a business is tough.

0:09.5

Don't let quick books and spreadsheets slow you down anymore.

0:12.9

Now is the time to upgrade to NetSuite by Oracle, the world's number one cloud-based business system.

0:20.0

Schedule your free product world right now at NetSuite.com slash wolf.

0:24.7

That's NetSuite.com slash wolf.

0:28.3

Hey Jordan, bell 40th on wolf a wall street in the wolf's den got an exciting solo podcast

0:35.2

that everybody wants to hear. It can be about game stop. It can be about trading in general.

0:42.9

How to make money in the stock market. I'm not going to be giving you specific stocks because

0:47.9

that wouldn't be fair because the time you hear this information could be old, right?

0:52.3

But I want to give you some theories on why things are happening the way they're happening.

0:56.0

What could be expected in the future and also just a general understanding of

1:00.4

what's happening in terms of the world in general economically,

1:04.4

post pandemic, some countries coming out of it, others not so much.

1:08.0

So let me just start with a very interesting development in game stop.

1:13.8

So for those of you who follow game stop pretty closely, you probably heard that

1:19.2

the company is decided to do what's called a secondary stock offering.

1:25.7

A secondary stock offering means that the company is already public,

1:30.4

it shares already trade on the exchanges, right?

1:34.7

And now they want to issue more shares to raise more money for the company.

1:39.9

An initial public stock offering means that the company's private and this is the initial,

1:45.0

meaning the first time they go in public, first time they selling shares. So a secondary stock

1:50.1

offering means it's already public and now they're issuing additional shares.

...

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