ilmscore | BREAKING: GameStop JUMPS 200% - Why I'm NOT Buying Meme Stocks...

BREAKING: GameStop JUMPS 200% - Why I'm NOT Buying Meme Stocks...

Published: 2024-05-15
Status: Available | Analyzed

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Topic
Status
GameStop stock increased by over 200% between May 10th and May 14th, 2024.
"between last Friday May 10th and Tuesday May 14th the AMC stock is up more than 117% and GameStop is up more than 200% in just a few days"
GME
Pending
In 2021, GameStop stock rallied approximately 2000%.
"in the last meme stock rally which happened in 2021 the GameStop stock rallied by around 2,000%"
GME
Pending
Prior to the recent rally, GameStop stock had fallen from approximately $80 to $10 per share since the 2021 meme stock rally.
"between 2021 the last mem stock rally and last week GameStop has been falling it fell from around $80 a share down to around $10 a share"
GME
Pending
In 2012, Bill Ackman shorted Herbalife stock with $1 billion, believing it would go bankrupt, while Carl Icahn bought large amounts, expecting it to survive.
"one of the most famous short squeezes happened back in 2012 there was an investor he's a billionaire his name is Bill Amman he thought that Herbal Life was going to go bankrupt he said that it is a MLM scream and it is going to go bankrupt so he spent a billion dollars shorting the Herbal Life stock well then you had this other investor named Carl Ian who also is a billionaire and he saw this happening and he said you know what I don't think herbal life is going to go bankrupt so he came in and he started buying huge amounts of Herbal Life stock"
HLF
Pending
Bill Ackman lost over $1 billion on his Herbalife short position, while Carl Icahn made $1 billion due to increased buying pressure.
"Bill Amman saw that the stock price kept going up because there was now more buyers coming in than Sellers and that forced him to sell and he lost over a billion dollars on the deal and Carl Ian made a billion dollars on that deal"
HLF
Pending
Castle Management advised that GameStop investors are taking significant risks, warning of potential losses for those who don't exit strategically.
"this is from a hedge fund called Castle Management and what they said is GameStop investors are playing with fire there are winners and there are losers don't be the last one to hold the bag"
GME
Pending
Some investors saw significant paper gains on GameStop stock during its 2021 rally, but the stock later fell from $80 to $1 per share.
"back in 2021 when the GameStop stock rallied 2,000% you had some people that were making a lot of money on paper... it fell from around $80 a share down to around $1 a share"
GME
Pending
Hedge funds have lost over $1 billion in recent days due to the GameStop rally.
"in just the last few days hedge funds have lost more than a billion dollars through this GameStop rally"
Hedge Fund Losses
Pending
Melvin Capital Management went bankrupt in 2021 as a result of a meme stock rally.
"last time back in 2021 when this happened Melvin Capital Management went bankrupt because of this rally"
Melvin Capital Management
Pending
Oxford University-based hedge fund stated there is no fundamental reason for the GameStop rally due to poor company results.
"we had Oxford algorithms they're a UK based hedge fund and here's what they said quote there is no reason for the GameStop rally as the results for the company are very poor"
Hedge Fund Losses
Pending
The speaker allocates a portion of their investment portfolio to cryptocurrencies, acknowledging the risk of this portion going to zero.
"I also invest in some cryptocurrencies through my speculative part of my investments I understand that the speculative piece of my portfolio can go down to zero"
Speculative Investments
Pending
Short selling is acknowledged as a risky activity, and the speaker suggests individuals should determine if it's suitable for them.
"trading is risky it's for some people it's not for me and you got to know what's right for you"
Short Selling Risk
Pending