the writing was on the wallthat the rich and powerful will do whatever they couldto prevent this from happening.i m not taking less than $450. kirsten:so i wasn t taking any losses. i was going to hold any stockfor as long as i could. chris garcia:we re not going anywhere, you know what i m saying?we re not going. matt kelly:7, 8 million more people were joining the subreddit. psychologically,i m jacked to the tits. chris garcia:millions of people in that thread, man,we were diamond hands. and unfortunately, you know,it was one of those situations that whenthe stock went down, it kind of stayed down, right? and literally,it was getting so caught up in it and then getting so stuck inthat diamond hands mentality, like don t sell anything.and that s really what was essentially almostlike the beginning of the end, i guess you could say -
it s the only companythat went head to head with amazonand just ate their lunch. - this dude knows his shitin the e-commerce world. he does kind of seem likehe s forward-thinking. alvan chow:after that, i was just in fullinformation-gathering mode. keith gill:hey, jeffamazon. welcome back, jeff.welcome back. alvan chow:we were just getting to really know the company. - there s so muchnegative commentary. i just thinkthat this sentiment is so negativethat it s overdone. that s what i m trying to get at in this section. matt kelly:i saw a post from michael burry.i knew who michael burry was. i ve seen the big short. there was an article about him investingin gamestop. i can see whypeople think gamestop is going to goout of business. like it makes sense that they re goingout of business, but they seemto be making some plays. alvan chow:and then i just noticed this extremelyastounding figure, the 140%short interest figure. sir jackalot: 140% shortinterest ratio on one stock. that means th
woman: so i m at the gym,naturally all my stories. and this is beforethe 9:30 market opens. this is a thursday. and my portfolio is set. it s cute.so i m looking at it, and every single numberis popping, popping, popping. and isee gamestop hit i think it was like $467,$497, something like that. i m going in there. i m like, oh, maybe i llbuy one more amc. it s like, i m sorry. you already have a certainamount. you can t buy more. and all of asudden you see a doom. and i m just like,what the fuck? - we re seeing reportsthat robinhood is restricting purchasesof some of these stocks, including gamestop andamc. chris garcia:i wake up that morning, right? one of my buddies hits me up,and he goes, hey, man. you can t buy.i m like, what do you meanyou can t buy? he goes, go on to robinhood. - kelly, robinhoodstopped trading.
and the original guys probablysold and made a lot of money. what was so scary to me, thebulk of the people that are participating in thisrevolution aren t investors. they re along for the ride and they relistening to their friend. in all likelihood,it will end ugly. matt kelly:i talked with my wife about like there s a reallystrong feeling that this can goto $1,000 a share. this whole thing, we can go to $1,000 a share and we d havelike over $2 million. $1 million doesn t seemenough for me anymore, right? the psychological impactthat this amount of money has, you see moneyin a different way. so i hold. i set my limit sellon all my accounts to $800. wednesday nightis the first night i went to sleep inlike fucking weeks. i don t think much is going to happenon thursday. fucking i was wrong. [music playing]
so that was oneof those things where it was like, oh, man,this investing thing, i got to be smart about it because nowi got a baby coming. so this could be money to setaside for formula or just doing the baby s room,doing the floor to the house all these smallthings you hear of, right? a baby is goingto change your life. you need all this moneyfor stuff. and i had no idea. i mean, i had a dog. kirsten: when covid did hit, my dad s bar and restauranthad to be shut down. it was kind of scarybecause we had no idea how longthis was going to last. that s when i startedworking at a grocery store. i was buying stocks duringthe lunch break. i was like preparingfor the absolute worst. and i was ableto help them out and obviously just belike financially stable on my ownat this point, but i was down to $490in my account. and i was like, shit.[laughs] i might notbe good at this. matt kelly: the money, to me,isn t an end all, be all.