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If you want an entertaining explanation of what's going on with GameStop's stock, I highly recommend these videos from Louis Rossmann: https://lbry.tv/@rossman

If you want an entertaining explanation of what's going on with GameStop's stock, I highly recommend these videos from Louis Rossmann: https://lbry.tv/@rossmanngroup:a/wallstreetbets-vs-citron-research:d https://lbry.tv/@rossmanngroup:a/wallstreetbets-vs-citron-re... https://lbry.tv/@rossmanngroup:a/why-mainstream-media-s-slander-of:c https://lbry.tv/@rossmanngroup:a/why-mainstream-media-s-slan... https://lbry.tv/@rossmanngroup:a/gamestop-shorts-lose-billions-get-2:d https://lbry.tv/@rossmanngroup:a/gamestop-shorts-lose-billio... https://lbry.tv/@rossmanngroup:a/gamestop-shorts-are-full-of-about:3 https://lbry.tv/@rossmanngroup:a/gamestop-shorts-are-full-of... (That's how I learned about the whole thing, which I frankly find fascinating.)

wyxuan 6y ago
I lost my respect for Rossman after he uploaded a video cursing out short sellers after $AGRX sunk after getting approved. Bio stocks almost always sink after PDUFAs, but he was just raging after what he thought was market manipulation.
- IIAOPSW 6y ago
  I was disapointed in some of his videos about Coronavirus and Cuomo's executive orders. But then I remembered that he is neither a stock trader nor an epidemiologist. His channel is fundamentally an opinion show. Its a good opinion show, but still an opinion show. When he starts giving opinions on things far outside his wheelhouse he becomes a more-rational-than-average lay person.
  - tpmx 6y ago
    He's so smart.
    - paulpauper 6y ago
      I call them 'professional morons'--high-profile who have a lot of status and money and clout in various tech and investment fields despite being sorta dim and banal
      - deleted 6y ago
        [deleted]
      - throwaways885 6y ago
        Rossmann is hardly rich. His whole brand is fighting Apple for right-to-repair legislation as well as a bunch of pro small business stuff. What exactly is wrong with this opinion on the oppressive covid lockdowns?
        paulpauper 6y ago
        I was not referring to him specifically
        deleted 6y ago
        [deleted]
  - tracker1 6y ago
    I think he is mostly just genuine about his opinion on things and explaining why he holds those opinions. Per peer post on his intellect. Which I agree is generally a rational wat to approach things and I respect him for it.
zinclozenge 6y ago
I didn't watch all the videos, but so far as I write this post, it does not appear that shorts have covered, or started covering (at least as of this morning). It seems like the price hike is due to big buyers and gamma squeezes. There's been systematic short attacks in an attempt to drive the stock down, but they keep getting neutralized by big buyers. It's been a wild ride.
- herpderperator 6y ago
  Melvin Capital did.[0] [0] https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddi...
  - jowsie 6y ago
    You sure about that? https://www.reddit.com/r/stocks/comments/l64xvw/gme_dedicated_thread_breaking_cnbc_engages_in/ https://www.reddit.com/r/stocks/comments/l64xvw/gme_dedicate...
    - melq 6y ago
      Couldn't they close their position and still have the short interest go up because of other investors opening new positions? If these institutions are going on record as closing their positions, when they actually havent, aren't they committing some sort of fraud?
      - ordinaryradical 6y ago
        If you follow this in more detail you will see they have already misled the public on their positions several times. But when the choice is between your fund’s bankruptcy and an SEC fine, people do crazy things.
      - edlebert 6y ago
        Also the borrow fee for shorts is insane now, like 23%.
kylebenzle 6y ago
Just SO pumped that library is being used in the real world to host videos!
- mdoms 6y ago
  I didn't even get through 4 minutes of the first video without a huge amount of buffering. Is this on youtube?
- FooHentai 6y ago
  I tried to watch the first video and it stopped after 13 seconds, insisting the video was complete. Refreshes didn't fix it. So I just went and watched on Youtube instead. Not sure what the deal was there.
- cstrat 6y ago
  I'm unable to watch any of them, only the first few seconds loads. Hopefully they can improve because this is terrible
- teekert 6y ago
  I had some hiccups, they should have gone with PeerTube, the more peers, the merrier.
fredliu 6y ago
Great explanation. IMO the GameStop phenomenon is the result of the combination of democratization of trading through software (Robinhood no fee trading, doing it on your cellphone) + social media enabled mass scale online community building (around some previously fringe niche). Any area that is subject to this kind of combination of change could face similar situation where the old institutions guarding the area would face increasing challenge from grass root efforts ("retards/autistics" as in wsb's lingo).
- JumpCrisscross 6y ago
  There is a third factor: a generation of investors who have never really lost money in the market.
  - Cyph0n 6y ago
    I don’t think it’s about that at all. If you follow the subreddit at all, you’d see that WSB investors have been losing immense amounts for a long time now. I think the primary thing that baffles the more traditional investing establishment is how irrational WSB investors actually are.
    - qeternity 6y ago
      /r/wsb are not the prototypical Robinhooder who have followed on behind them.
      - guywhocodes 6y ago
        The mean dollar through Robinhood probably comes from a WSB:er tho
    - mckirk 6y ago
      Amazingly, it seems actually possible that WSB can remain irrational longer than some Hedge Fonds can stay solvent.
  - qeternity 6y ago
teekert 6y ago
This is gold, it's things like this situation and then such people explaining it that teaches me more about the market than any other dry material I have ever found before.

wyxuan 6y ago

I lost my respect for Rossman after he uploaded a video cursing out short sellers after $AGRX sunk after getting approved. Bio stocks almost always sink after PDUFAs, but he was just raging after what he thought was market manipulation.

IIAOPSW 6y ago
I was disapointed in some of his videos about Coronavirus and Cuomo's executive orders. But then I remembered that he is neither a stock trader nor an epidemiologist. His channel is fundamentally an opinion show. Its a good opinion show, but still an opinion show. When he starts giving opinions on things far outside his wheelhouse he becomes a more-rational-than-average lay person.
- tpmx 6y ago
  He's so smart.
  - paulpauper 6y ago
    I call them 'professional morons'--high-profile who have a lot of status and money and clout in various tech and investment fields despite being sorta dim and banal
    - deleted 6y ago
      [deleted]
    - throwaways885 6y ago
      Rossmann is hardly rich. His whole brand is fighting Apple for right-to-repair legislation as well as a bunch of pro small business stuff. What exactly is wrong with this opinion on the oppressive covid lockdowns?
      - paulpauper 6y ago
        I was not referring to him specifically
      - deleted 6y ago
        [deleted]
- tracker1 6y ago
  I think he is mostly just genuine about his opinion on things and explaining why he holds those opinions. Per peer post on his intellect. Which I agree is generally a rational wat to approach things and I respect him for it.

zinclozenge 6y ago

I didn't watch all the videos, but so far as I write this post, it does not appear that shorts have covered, or started covering (at least as of this morning). It seems like the price hike is due to big buyers and gamma squeezes. There's been systematic short attacks in an attempt to drive the stock down, but they keep getting neutralized by big buyers. It's been a wild ride.

herpderperator 6y ago
Melvin Capital did.[0] [0] https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddi...
- jowsie 6y ago
  You sure about that? https://www.reddit.com/r/stocks/comments/l64xvw/gme_dedicated_thread_breaking_cnbc_engages_in/ https://www.reddit.com/r/stocks/comments/l64xvw/gme_dedicate...
  - melq 6y ago
    Couldn't they close their position and still have the short interest go up because of other investors opening new positions? If these institutions are going on record as closing their positions, when they actually havent, aren't they committing some sort of fraud?
    - ordinaryradical 6y ago
      If you follow this in more detail you will see they have already misled the public on their positions several times. But when the choice is between your fund’s bankruptcy and an SEC fine, people do crazy things.
    - edlebert 6y ago
      Also the borrow fee for shorts is insane now, like 23%.

kylebenzle 6y ago

Just SO pumped that library is being used in the real world to host videos!

mdoms 6y ago
I didn't even get through 4 minutes of the first video without a huge amount of buffering. Is this on youtube?
FooHentai 6y ago
I tried to watch the first video and it stopped after 13 seconds, insisting the video was complete. Refreshes didn't fix it. So I just went and watched on Youtube instead. Not sure what the deal was there.
cstrat 6y ago
I'm unable to watch any of them, only the first few seconds loads. Hopefully they can improve because this is terrible
teekert 6y ago
I had some hiccups, they should have gone with PeerTube, the more peers, the merrier.

fredliu 6y ago

Great explanation. IMO the GameStop phenomenon is the result of the combination of democratization of trading through software (Robinhood no fee trading, doing it on your cellphone) + social media enabled mass scale online community building (around some previously fringe niche). Any area that is subject to this kind of combination of change could face similar situation where the old institutions guarding the area would face increasing challenge from grass root efforts ("retards/autistics" as in wsb's lingo).

JumpCrisscross 6y ago
There is a third factor: a generation of investors who have never really lost money in the market.
- Cyph0n 6y ago
  I don’t think it’s about that at all. If you follow the subreddit at all, you’d see that WSB investors have been losing immense amounts for a long time now. I think the primary thing that baffles the more traditional investing establishment is how irrational WSB investors actually are.
  - qeternity 6y ago
    /r/wsb are not the prototypical Robinhooder who have followed on behind them.
    - guywhocodes 6y ago
      The mean dollar through Robinhood probably comes from a WSB:er tho
  - mckirk 6y ago
    Amazingly, it seems actually possible that WSB can remain irrational longer than some Hedge Fonds can stay solvent.
- qeternity 6y ago

teekert 6y ago

This is gold, it's things like this situation and then such people explaining it that teaches me more about the market than any other dry material I have ever found before.