The David vs. Goliath of the Stock Market

If you haven’t heard the commotion surrounding the purchase of GameStop stock, you are living under a rock! When I first saw what was going on, I wasn’t sure what was happening, so I dug in deeper.

Surprise, surprise, I found that big money was trying to use small money to meet their own needs. Basically the definition of short selling is a fairly simple concept—an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that the stock they sell will drop in price. BUT, to my surprise and delight, the short sale of GameStop stock did not go unnoticed. It started with some novice traders seeing an opportunity. These investors congregating on social media, mainly Reddit, were pushing GameStop’s stock value up, to spite Wall Street short sellers.

Personally, I hope Wall Street gets their clocks cleaned by these young entrepreneurs. I love seeing people get interested in the stock market and learning how they can join the elite club of investors. As long as you know that risk is just as easy to come by as reward, have at it.

Stock market trading app Robinhood stopped GameStop purchasing for most of the day, while other companies limited trades. Here are a few clips from yesterday.

This one is a little long, but gives some insight into the scum elites and how they “play” the Wall Street game.

What do I say, GO DAVID!!!

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