- andrew left of citron wanted to do a littleresearch video on gamestop. - hey, this is andrewleft at citron research, giving you five reasonswhy gamestop is going to $20. - and so i was very curiousto watch it. i wanted to learnhow i was wrong. i was always lookingfor information to prove my thesis wrongso that i could exit a trade. - numbers don t lie.people lie. i know, everyone on twitternever has a losing trade. everyone on reddit is amarket genius. i hear it all the time. - he went through all ofhis talking points, which were kind of bullshit. - your first question you haveto ask yourself is, why is therehigh short interest? this is a failing mall-basedretailer. their current businessis just drowning. you cannot argue. - and i ve never seenany reaction like that. all of a sudden, we re buyinggamestop because andrew left posted this. - you can get mad.you can hack my account.
played this by the booksand played it basically the only waythat we could remain in compliancewith our deposit requirements. andy barr:mr. tenev, i appreciate chris garcia:wall street s got it to where they have every card and they knowevery rule of the game to where we re going to bend and bend those ruleswithout breaking them. and the problemis what they do, us typical little guys will never be ableto do that stuff, right? maxine waters:mr. gill, you are now recognizedfor five minutes to presentyour oral testimony. chris garcia: and then lookwhat s happening, right? you got roaring kitty out herewho s getting called in front of anoversight committee. hey, you did bad. you led a group of peopleto do this. keith gill: thank you,chairwoman waters, members of the committee. i m happy to discusswith the committee my purchases ofgamestop shares and my discussions of theirfair value on social media. i also believe the currentprice of the shares demonstrates that i ve beenright about the co
i m reading wallstreetbetsreligiously. i m seeingall of these posts about, like, it s going to crash,you know, all of these things. and so it s gettingin my head. the psychology is really fucking with me. that s wherewallstreetbets is at. so the sentiment has changed. now there s 8 millionpeople on there, and all this shit s happening.and i m like, all right,is that the sentiment now? is our people just thinkingthat this is done? it s over? i felt like i fell into a cult, right?that s what i felt in my head. all this stuff, i felt likei got this cult mentality. it s like you ve gotto be careful about confirmation bias.you ve got to be carefulabout these things. and i had beenpreaching that for years. i m like, how did this happen to me?that s what i felt in my head. i felt likei had been lied to. i felt like i bought intosomething that wasn t true.
it s at like $13 now. i thinkthat s like a given. i think that will happenfor sure. i mean, maybe even $100.that would be insane. i think i m just going to put a halfof everything in it. she s like, why don t youjust go all in? i was like,what are you talking about? she s like, well, if you feelthis way, go all in, right? -you really do only live once. you only have one shot. so like you might as well dosomething fucking crazy and memorable, because if it s crazyand memorable, people remember that shit. because if you do stuff,the boring, bullshit, stupid ass waythat everyone else does, you re going to lose andyou re not going to make much and noone s going to care about you. - it felt risky. i bought about2,300 shares of gamestop. at $17 averageis about 45 grand. - the stock was about $6to $8, i believe,when i first bought in.
matt kelly:this is where stuff started to shift for me, right?i m not sleeping at all. i can t focuson anything else. i m compulsivelylooking at my phone. and i started buying intothe whole diamond hands thing. i think luck is whenpreparation meets opportunity, and this was an opportunity. monday morning rolls aroundand my friend, theo, he messaged me like,hey, man, i don t think gamestop isgoing to do anything more. i don t think anything sgoing to hire. i m just going to sell.i was like, don t sell, dude. you re an idiot.like don t sell. what the hell is wrongwith you? and he sold. literally, 10 minutes later,it starts going. reporter: stock for gamestopis up dramatically. reporter: it s been justswinging wildly. alvan chow:the week of the squeeze,