of a dying company, and you willreceive accolades. kirsten:at this point, i really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so i m learningall these different things, and it s like, buy amc.buy blackberry. buy bed, bath, & beyond. and it s popping. matt kelly: a lot of theseguys are investing in neo, and that wasthe first stock i bought, and it went up to, like, $50. andi m like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don t knowwhat the fuck i m doing. i m an idiot.and then it went back up. i m like, oh,i m a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self. but on wallstreetbets, we just acknowledge,like, we re just all idiots. [typing]
the important thingis just hold on. sir jackalot:i got the memes. i m, like,put in rocket emojis when you thinkyou re going to be rich. ape alone, weak. apetogether, strong. [laughs]it s so true. mikeymillions:the ape is the unsophisticated investor.you can go to wallstreetbets, tell them thatyou re going to buy shares of a dying company, and you willreceive accolades. kirsten:at this point, i really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so i m learningall these different things, and it s like, buy amc.buy blackberry. buy bed, bath, & beyond. and it s popping. matt kelly: a lot of theseguys are investing in neo, and that wasthe first stock i bought, and it went up to, like, $50. andi m like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don t knowwhat the fuck i m doin
i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don t knowwhat the fuck i m doing. i m an idiot.and then it went back up. i m like, oh,i m a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self. but on wallstreetbets, we just acknowledge,like, we re just all idiots. [typing] stock expert:wallstreetbets came on our radar, and we first startedto talk about it with teslain the summer of 2020. wallstreetbets would makea meme or a joke about somethingthat was happening.
quote, in lightof recent volatility, we are restrictingtransactions for certain securitiesto position closing only, which meansyou can only sell it. - if you can only sell stocks, then those stocksonly go down. matt kelly: i go to work.and i m standing there. i m givinga presentation, right? i m on a zoom meetingwith 100 people. and the price drops to about120 bucks a share. i m like in the middleof a word. and i look downand i see that and i just went i just freeze. i stopped.i m sick to my stomach. i don t knowwhat the fuck i m doing. like why? a million dollarsis a million dollars. like what is wrong with me? reporter:after surging yesterday, the stock dropped 44%. - then it immediatelypops back up. reporter: it hit an intradayhigh of $469. - but the next thing you know,it s tumbling down. you couldn t stop itfast enough. you re watching it and it s bylike the minute.
[laughs]it s so true. mikeymillions:the ape is the unsophisticated investor.you can go to wallstreetbets, tell them thatyou re going to buy shares of a dying company, and you willreceive accolades. kirsten:at this point, i really still had not a single amountof technical analysis or able to doanything like that in the stock market. but i knew, you know,buy low, sell high. my name is kirsten,and i am stonk queen. woman: so i m learningall these different things, and it s like, buy amc.buy blackberry. buy bed, bath, & beyond. and it s popping. matt kelly: a lot of theseguys are investing in neo, and that wasthe first stock i bought, and it went up to, like, $50. andi m like, oh, shit. i just made a bunchof money on that. and then it went down. and then i was, like, sick. i was like, i don t knowwhat the fuck i m doing. i m an idiot.and then it went back up. i m like, oh,i m a genius. - [roars] sir jackalot: everywhere elseon the internet, people are tryingto be their best self.