The “GameStop Situation” for Dummies What is actually happening with Gamestop? You can find them here. With more than 5,000 stores, GameStop is a video game chain where customers can buy, sell and trade their games, consoles and gaming accessories. Struggling for years, GameStop had a series of losses after losses and store closings. CNN have a median target of 12.50, with a high estimate of 33.00 and a low estimate of 3.50. Between malls dying out and the pandemic, if you … Expanding into numerous other categories. Thanks to the digitalisation of video games, compounded by the pandemic, GameStop was struggling in the past year. People also searched for gamestop explanation, 492-935-7733 knowledgema, gamestop explained simple terms, gamestop reddit explaination simple, gamestop story in simple explanation, Simple explanation of gamestop, simple way to explain the game stop, what is a short reddit. I started looking closely at GameStop after confirming their reported short position of 140%. 3. popular-all-random-users | AskReddit-funny ... GameStop Stock Explained For Dummies. The Gamestop and Reddit Saga Explained. The GameStop trading frenzy, explained. In 2019 another investor had posted a 7 point document on Reddit Titled “Bankrupting Institutional Investors for dummies, ft. Gamestop.”. GameStop sells digital games. PS5 Restocks: Check Stock At Walmart, Best Buy, GameStop, And More Mortal Kombat X for mobile devices is a free-to-play game PS5 Restocks: Check Stock At Walmart, Best Buy, GameStop, And More Mortal Kombat X for mobile devices is a free-to-play game Reddit – GME YOLO update -- Jan 28 2021 Heey guys! One way to make money off that insight would be to borrow shares of GameStop, sell them for cash, wait for the price of such shares to inevitably fall, then buy them back at a lower rate and return the repurchased shares to your lender. This is called “shorting a stock.” And it can be a risky maneuver. Details: GameStop Stock Explained: Robinhood, Short Squeezes, And Reddit. That made some very obvious sense, because Gamestop is a physical retailer of a product generally sold over the internet. edit subscriptions. Redditors pointed out that this could now be used in the stock. By Paul Downey Last updated Jan 31, 2021. GameStop shares experienced a short squeeze this month, largely thanks to a Reddit community called WallStreetBets, which, as of now, has more than 5,6 million subscribers. Reddit – ‘GameStop stock hits as high as $500 in premarket action. If you have any requests feel free to send me a dm. Gamestop and Reddit Saga: We all had fun watching series like scam 1992. GameStop stocks had been battling alongside different retailers for quite a long time, even before the pandemic hit. GameStop Stock Price. Think Blockbuster but for video-games. my subreddits. The GameStop trading frenzy, explained. Robinhood and GameStop explained for dummies. GameStop, Robinhood and shorting: A very simple explainer of what you actually need to know. If you've google searched 'GameStop explained for dummies' in the past seven days, you're not alone. a company heading toward the cliff at high speed, with no intention of hitting the brakes. An army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price in recent days, forcing it to halt trading multiple times and causing a major headache for the short sellers betting against it and banking on the stock falling. Gamestop, Reddit, and Robinhood: A Brief Summary. 0. The frenzy hit new heights Thursday when several … Investopedia – Margin. The speculator borrows the thing – GameStop shares, in this case – at an interest and sells it at the current price. The cost of GameStop stock fell to $3.25 per stock. When it comes to the GameStop saga, at least, the answer is yes. You can put some of the blame on Reddit’s Wall Street Bets forum, one of the weirder places on the internet. Feb 27, 2021 Explained, GameStop, Reddit, saga. ** DISCLAIMER** This is not financial advice. This is a poor niche for a profit-seeking entity in 2021. Jan. 28, 2021 It’s called a short squeeze, and it involves investors betting on which way a stock will go — up or down. The newbie traders had mentioned shopping for shares of GameStop for a while. Watching an anime movie or series can be…, If you have been online at all over the last week, you may have seen a lot of articles, news-bites and memes…. Its subject: “Bankrupting Institutional Investors for Dummies, ft Gamestop.” How a short squeeze is making Reddit happy and short sellers sad. When it comes to the GameStop saga, at least, the answer is yes. There’s GameStop, but also AMC and Reddit? One trending post featured a screenshot of the user's brokerage account with an … Proof of Stake Proof of Stake is the validating of transactions en the creating of blocks on the blockchain by 'staking' a certain crypto. GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. i will do a GameStop Stock Explained For Dummies in 10 Minutes For those of you who have been following the financial news, you should have seen these keywords in the headlines a lot lately – GME, Robinhood, Reddit, wallstreetbets, short selling, short squeezing, etc. ... Long Trade vs Short Trade (Explained In Less Than 4 Minutes) ... (CPA) and the author of several of the popular "For Dummies" books published by John Wiley & Sons including 'CPA Exam for Dummies' and 'Cost Accounting for Dummies'. Reddit? At the start of 2020, the group was worth only $ 253 million. Jan. 28, 2021 It’s called a short squeeze, and it involves investors betting on which way a stock will go — up or down. An army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price in recent days, forcing it to halt trading multiple times and causing a major headache for the short sellers betting against it and banking on the stock falling. After the three executives were added to the GameStopboard, members noticed that short selling continued even as the stock price began slowly climbing. NEW YORK (AP) — It's not just you. Bankrupting Institutional Investors for Dummies, ft GameStop from wallstreetbets The story is a long and winding one, but started to gain traction when a Reddit story named Bankrupting Institutional Investors for Dummies appeared on the site in September last year. GameStop explained for dummies If you thought the pandemic in the recent past, effects of which continue to singe us, was all bad, be informed that in for certain industries and groups, this has come as a god-send. Share. It’s important for me explain this why this is so much different than the VW example… 140% of GameStop’s FLOAT was sold short. OK, but why GameStop? When shares of the company ticked up on 11 January after GameStop announced that three people joined the board of directors, some short sellers made a U-turn, which drove the price up and consequently prompted heated debates on WSB. ... Bankrupting Institutional Investors for Dummies. @briannaparkinsPart two of explaining GameStop and a short squeeze with cans and sweets##gamestop ##reddit ##irish ##australian ♬ original sound – Brianna Parkins Redditors pointed out that this could now be used in the stock. Courtlistner – Case 1:21-cv-00777. There were 50,000,000 shares in that float, so 140% of this was equal to the 70,000,000 shares the company has outstanding. The more Reddit users bought the GameStop stock, the more that the demand for GameStop stock increased. The more demand increased, the more that the price rose. The more that the price rose, the more out of pocket those hedge fund managers that had bought the stock became. You: The Gamestop story is fascinating, isn't it? GameStop’s stock price has skyrocketed from where it was at the start of the year, at under $20, toabout $148 at market close on Tuesday. Members first took notice of all the short selling going on with GameStop in September of last year, when a member created a post called Bankrupting Institutional Investors for Dummies, ft GameStop. And Reddit's mostly self-regulating communities ensure that users set the culture. Or, as Reddit co-founder Alexis Ohanian put it on Twitter, the GameStop squeeze is "the public doing what they feel has been done to them by institutions." GameStop is an American chain of video game stores — for those Australian readers, it’s a little like EB Games. FLORIDA REAL ESTATE and TITLE ATTORNEYS Practicing real estate law and having clients send me offers to review on a weekly basis, often I am asked whether it is a safe bet to enter into an “AS IS” contract? In recent days, American financial markets have been gripped by the saga of a video game retailer’s soaring stock price. It’s now worth R1 and you decide to buy it back. Error: The file name is not specified. In Proof of Stake there are no miners, but validators. Dummies helps everyone be more knowledgeable and confident in applying what they know. Even before the pandemic made shopping malls a bio-hazard, consumers were done with Gamestop, which was best remembered for giving a trade-in value of around 3% on old games towards the purchase of new games. I want to make a series of posts where I explain Crypto-related terms as simple as possible. Veteran tech journalist and New York Times Opinion Podcast host Kara Swisher joins to explain what's going on with the fight over stock in the video game retailer, GameStop. jump to content. (The consensus on Wall Street seemed to be that GameStop would soon be a blockbuster.) Explaining what's happening in the stock market. GameStop is set to release a mobile app combining Game Informer and a online storefront by month end. You didn’t spend R10 on it but sold it for R10, and ar… GameStop is the world's largest retail gaming company. If you have been online at all over the last week, you may have seen a lot of articles, news-bites and memes referring to GameStop, Wall Street and Reddit. Sun, May 23, 2021 LOGIN Subscribe from $4 Explained. Ho… The u/Expensive_Ad2510 community on Reddit. It’s where you go to trade in old titles, buy new consoles, and load up on Franz Kafka Funko Pops (NB: I know nothing about Funko Pops.) Somewhat of a revolution, the users in the forum seemed to etch out their plans on Reddit nearly four months ago under the title "Bankrupting Institutional Investors for Dummies, ft Gamestop." ##gamestop ##newsroom ♬ original sound – Brianna Parkins. These smaller investors are using Reddit and other discussion boards to encourage each other to buy GameStop resulting in what’s known as a short squeeze. GameStop Corp., is 1984 founded, famous American video game, consumer electronics, and gaming merchandise retailer. One popular early post is a "great vid" in which investor Mark Cuban says "diversification is for idiots." GameStop's stock price went to the moon. ... and the Reddit community was forced to go private for a few hours to prevent it from being overwhelmed with anti-GameStop bots. GameStop Corp. has, per their site, over 5,000 stores across the United States with an HQ in Texas. The Davids, … A short is when you borrow stock from a broker without actually owning it or paying for it. An explanation of the GameStop stock story for people who are wondering what it’s all about ... this news about GameStop stock skyrocketing because a bunch of Reddit users did something and a bunch of billionaire hedge funders got screwed over by it has been a little lost of me. The group noted that GameStop, a video game retailer, was largely devoid of hedge funds. You then sell it immediately for the same amount, betting that you would be able to buy it back for less, later. These shows make it inspiring to watch as an underdog finally sticks it up to the rich guy( aka bears in the show) and at the same time sets a warning for greed. Robinhood Is a Bouncer for the Club Owners ... AMC and GameStop … The more demand increased, the more that the price rose. To make this easy, let’s say the stock costs R10. It started with video game retailer GameStop, … Wall Street Bets, or … The amateur investors had discussed buying shares of GameStop for some time. They sell video games and hardware, along with other game-related stuff like … Welcome to Reddit, the front page of the internet. Removeddit – Short Squeeze Explained for Dummies. Options are bets investors place on a stock, allowing them to buy (a "call" option) … @briannaparkinsI explain GameStop to you and short selling before a man named Kyle does without asking. GameStop is a publicly traded company, best known for selling video-game discs and cartridges in shopping malls. The Robinhood stock app restriction on GameStop and others, explained The Mega Millions jackpot just jumped to $600 million Peacock unveiled … Reddit – DragonStoned. However, Reddit’s investors disagreed with the short-term sellers and began buying the company’s shares, which they said were undervalued. WHY HE LEFT GameStop share price explained: How GME stock value was driven up in ‘short squeeze’ by Reddit traders A Reddit community has blown up the stock price of … The co-ordinated effort by users of the online forum Reddit to drive up the share price of GameStop and other companies is designed to turn the screw … gamestop situation explained for dummies Uncategorized October 28, 2020 | 0 October 28, 2020 | 0 The subject seemed to start bubbling on Reddit with a post four months ago titled, "Bankrupting Institutional Investors for Dummies, ft Gamestop." Feb 27, 2021 Explained, GameStop, Reddit, saga. You’re just borrowing it, so you didn’t pay R10. Members of the Reddit community noticed that investment firms were short selling GameStop’s stock, and decided to react. The two million-strong membership realised that if enough of them worked together, they could inflate GameStop’s stock price by buying shares en masse. This process is called a short squeeze. In less than a week, the price went from around $30 per share to more than $340 per share. GameStop Stock Surge Explained by 'Normal Person' in Viral Video Watched 5 Million Times. It's a mall staple, but shopping centers have been struggling for years, and the coronavirus pandemic has been devastating for retailers. Here's a guide to understanding what's going on with GameStop and what the frenzy means for the stock market. A user commenting on r/WallStreetBets yesterday explained, "Hedge fund managers live in the past, and continue to … Twitter – @AOC. +134.84%)saw their stock skyrocket astronomically when the Reddit community r/wallstreetbets (WSB) pushed the shares up almost three times its average over the course of the past several months What's an option? Reddit – Short Squeeze Explained for Dummies. But then a most unexpected and weird thing happened. Reddit co-founder Alexis Ohanian offered support on Thursday to the forum, describing the GameStop stock-trading frenzy driven by investors coordinating on Reddit as a … Dummies has always stood for taking on complex concepts and making them easy to understand. Their physical shops - the basis of their business - weren't doing well. If you continue to use this site we will assume that you are happy with it. As Reddit and retail traders started to take notice of GameStop, they also took notice of how heavily shorted the stock was — information that’s generally pretty easy to get. The slingshot organized on Reddit. In 2019 another investor had posted a 7 point document on Reddit Titled “Bankrupting Institutional Investors for dummies, ft. Gamestop.”. What's going on with GameStop's stock doesn't make sense to a lot of people. Short squeeze Explained: Why Gamestop jumped 130%, AMC Entertainment shot up 300% The unprecedented rally in these stocks is a result of an extraordinary frenzy among retail traders, as they organised on the message board site Reddit to push up the share price. Reddit has its own community called r/wallstreetbets (WSB). Today, Robinhood offers only “limited buys” of GameStop, AMC, and other stocks that Reddit users Updated on February 3, 2021 By Shruti Badoni Filed Under: Business, Investing, Stocks Leave a Comment. The 8 analysts offering 12-month price forecasts for GameStop Corp polled by Money. And does it affect me as a gamer? Using emojis of apes, snakes and bananas, one Twitter user manages to explain the short-selling phenomenon that underpins the GameStop saga. A few risky Reddit traders who started investing in … This is a concensus mechanism. Let’s say in a week’s time, the stock is worth less than R10. They are doubling down on their online store with +500% ecommerce growth in Q1 and +800% growth in Q2. Reddit has a particular set of guidelines by which they ask their participants to behave. I am not a financial advisor. Here’s The GameStop Stock Situation Explained In The Most Simple Way Possible By Shannon Grixti 4 months ago It’s been another wild week on the internet, with absolutely nobody being able to predict the fact that Gamestop (the owner of EB Games) being in the news around the world. A look at the latest chapter in the Reddit ... restriction on GameStop and others, explained. We’ve also posted articles that cover basic terms, as well as other assorted betting tips. Or, as Reddit co-founder Alexis Ohanian put it on Twitter, the GameStop squeeze is "the public doing what they feel has been done to them by institutions." And one big question amid the frenzy has been how much the little guys really matter. A look at the latest chapter in the Reddit ... restriction on GameStop and others, explained. In this video, I want to give you my version of this GME saga. 0 Comment . Will the buyers deposit be protected if there is … The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Reddit has its personal group known as r/wallstreetbets (WSB). For those not familiar with financial market terms, shorting means betting that something traded in a market will fall in price and trying to capitalize on it. Reddit users continued to show off their massive returns from trading in GameStop. For several years, GameStop stores have been the perfect chill-out place for youngsters to spend time alone or with their … We are here to talk through what in tarnation is happening and what it has to do with [ checks notes ] … GameStop Stock Situation Explained for Dummies. And they figured out a way that, if they acted all together, they could sort of screw the shorts over and make a profit doing it. Reddit gives you the best of the internet in one place. It was detailed in a post by u/Player896 titled "Bankrupting Institutional Investors for Dummies, ft GameStop." GameStop has been one of the most heavily shorted stocks on the market for a while now.Since the middle of 2019, the "short interest" (i.e., the number of … https://bullish.news/the-reddit-gamestop-fiasco-explained-in-2-minutes GameStop, a brick-and-mortar video game retailer in the US, has gone from being at death’s door to a market cap of over US$23billion as of January 28 – all in a matter of days. When the price falls (naturally or with a bit of nudging from interested parties), they buy the thing and return it to whomever they borrowed it from, pocketing the difference. The Reddit bros of WallStreetBets say a day of reckoning has come for the financial industrial complex. The struggling video game retailer's stock has been making stupefying moves this month, wild enough to raise concerns from professional investors on Wall Street to the hallways of regulators and the White House in Washington. GameStop is a video game retailer headquartered in Grapevine, Texas, that operates more than 5,000 stores. Over the past few months, we’ve posted quite a few articles on sports betting. Experts explain what's happening with GameStop stock and what to expect next The stock has gone up nearly 1000% in a week, and other stocks … Remember that you “borrowed” it in the first place. So, GameStop was (is?) A Reddit community has been making enormous waves in the stock market – and costing hedge fund managers billions in the process.
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