up with been told go to college, get a job make a living. frankly, that s just not realistic for a generation. it is really frustrating, the boomers think were lazy, you know the whole term pull up your boot straps and work hard, to get the same life they had? no, the world is very different these days the next pandemic in 2025 might wipe this all out anyway i have no time to wait for retirement you ve got to will it into existence life just not fair, the world is a hot place, and the stock market which is the purest form of yolo. short sellers continue to get hurt by wallstreetbets. it s making me sick. this is populism coming for capitalism through gamestop. on the surface i can be pretty scattered. in the water though it s coming for me. because you re seeing everything is quiet. you hear your bubbles, you hear breathing. and you just hear the water around you. i don t give a shit about risk. i was deployed to the middle east, we were doing anti-terrorism force p
the week of the squeeze, i was describing it to my girlfriend as i m in the nba finals, i need to be on all cylinders. this is like when i have to execute, it s probably the most important week of my life. i got my stimulus, so i started throwing my stimulus and it, and i m feeling cute. then i m watching the numbers, and they keep going up. and i m like, yeah, maybe this is something. gamestop is known as the world s largest video game retailer. the stock is now the center of a david versus goliath story. shares driven by post on the form, wallstreetbets. my wife and i are driving to meet our realtor, and gamestop is moving. there are potentially billions of dollars in investor dollars, on the line here. we re supposed to be looking at houses, and i m like, i can t look at houses, i m standing my phone she s like this in this, and i m like that s great. this is a great house, let s
once people realize that melvin was losing money, that citron was losing money, they suddenly became a whole movement. we can change the biggest economy on the planet, and break wall street. the number of the community keeps growing, it s like 4 million people, and then the next day it s like 5 million people. next day, 6 million people. and then the news cycle starts taking over. the online army of average investors dealt a blow today, and their fight against the wall street establishment. thousands, if not millions of them decided to buy up that stock be used to be cheap. media is talking about this wallstreetbets, the form is exploding, everyone wants to get a piece of this thing. the swings were insane. when it went to 1:50 this time
I m going to feel this anxiety. i m reading wallstreetbets religiously. i m seeing all these posts about like, it s gonna crash, all these things. so is getting in my head. the psychology is really flocking with me, that s where wallstreetbets is at. the sentiment is changed, now there s 1 million people on their, and all the shots happening. unlike all right. is that the senate now? people just thinking that, this is done, it s over? i felt like i fell into a cult, him ahead i was like, i feel like i got this cold mentality. . i ve been preaching that for years, how did this happen to me. that s how i felt my head, i felt like had been lied to. i felt like i bought into something that wasn t true.
All of the shares outstanding for the company were basically shorted, which is absurd and unprecedented. so i tried to look for historical precedent on what would happen if something was over 100 percent sure did, but there is nothing. well when you sell stock short, you re betting that the market is gonna go down. and if you re wrong, the stalking go up against you very sharply. and you have to close that position, usually at a loss. you can see guys on wallstreetbets, i knew what they were doing. these guys are smart, they understand that okay, we can get leverage on this thing, right? i know that if we gather together, there s a point here at which we can really push against hedge funds enough to kind of weaken, and we could force a stalker. squeezing out all the short players from the market. that s a short squeeze. you ve got to be really