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
have fun with that. [music playing] woman: a fucking bros club,which was kind of fun. - i said words on there thati would never say in public. - and i m hearing about likeall these different lingos that are kind of fun. i m like, ooh, diamond hands, like paper hands.like, i m a bro now. - the whole joke is, like,diamond hands. you just have to notreally treat it like money. and that s when i took350k, and i just like yolo dthe fuck out of it. sir jackalot:if you re like me, you re watching every minuteof your favorite stock during the day.you want to be able to be with your people, all screaming in terrorif something falls. the stocks are going to go up. they re also going to go down. 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.
it did hit $420. ladies and gentlemen, themagic $420 has been achieved. it has been achieved.congratulations. you were here. when oh, $420.69.take a screenshot. take a screenshot. [music playing] sir jackalot:the esteemed $420. people were saying $1,000is not a dream anymore. $1,000 is not a meme. it s been likethis fairy tale, this myth. the motherof all short squeezes. - good evening, newly-mintedreddit millionaires. i m sure all of youare watching this from the marble bathtubson your hovercraft. - i didn t think i was oneto get swept up by the greed and the ego,but i was. anyone who can stomach $10 million swings in theirportfolio is sort of crazy. - has everybody been followingthis crazy gamestop
i was like,these guys are fucking nuts. [music playing] man: in a small,exceptionally unhelpful, and irreverent cornerof the internet, therein lies a battalionof nihilistic meme lords who discuss their positionsand strategies, speculate and argueover the markets moving, and provide sage advice to the humble stock trader who just so happens to stumbleupon this fine community. (singing) wallstreetbets. - hello.i am the sir jackalot. i m here wearing a maskbecause i m a millionaire, and i would like to stayanonymous. matt kelly:i started telling my friends, i m like, dude,this is a crazy subreddit. i mean, guys are making money.they re also going broke.so if you like risk [laughs] - i saw all the people postinglike million dollar gains over the last year.i was like this sounds like my kind of place. chris garcia: you would seethe success stories of dudes who made a random call andthey came out with 100 grand. - nice. well, he s goingto get fucked on taxes.
to a sir jackalotchristmas carol. gather around,my fellow degenerates. grab a mug ofeggnog and find a cozy cornerof your mother s basement, and enjoy this taleof sir jackalot. this post here is my magnum dong opus. now listen, my convictionfor the gamestop mother of all short squeezes. the moass, it was insane. i had over a million dollarsinvested in this. that s all my net worth. but that 20%earnings drop, oh, man. oh, man. it hurt. it really hurton a spiritual level. it gave me taco belllevels of stomach cramps. i felt like i neededto cool down. you know, it was goingthrough the holidays. there was a britishvirus mutation on the way. you got hedge funds manipulating stuff to gettheir holiday bonuses. this all feltkind of dangerous. so yes, i ended upselling all my gamestop shares at $15.50. yes, i had a caseof paper hands, i admit it.