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Gamestop part 2, it has only just begun
Edit: This just in. Melvin capital is now paying money to promote adds on CNBC stating that they closed their position. If they actually closed their position, wouldn't they just close it? Why would someone spend money to run an advertising campaign to tell people that you closed your position? Seems like a weird way to spend money to me, but maybe I'm just daft. Could... it maybe be that they have an ulterior motive, like say, market manipulation?
https://www.reddit.com/r/wallstreetbets/comments/l8539h/cnbc_now_running_ads_promoting_that_melvin/
CNBC running this ad is a real bad look for them, especially because they ran stories about how WE were manipulating the market. Then THEY run these ads to directly try to manipulate the market? How rich.
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For part 1, click here: https://youtu.be/PAHk1x3XVko
Part 2, let's talk about Short Interest Ratio and why it is important. More collusion and illegal manipulation. SEC investigating. Class Action Lawsuits. It's all just beginning.
One of the biggest fights of Rich vs Poor (okay maybe not poor) is happening right now, and you have likely heard about it, but maybe didn't know how big this is... I'm talking about Gamestop (GME).
This video, we're going to talk about why everyone on the planet is talking about some outdated brick and mortar video game store. We are going to talk about why news media is painting a bunch of redditors as some kind of conspiracy illegal ring of outlaws gaming the markets. There is NOTHING illegal going on right now - unless you think it's illegal that the rich can manipulate the stock market, force news outlets to run lies, and lock trading of the free market, all because they lost ONE TIME. They are being beaten at their OWN GAME, using their OWN RULES, and because their OWN GREED has backed them into a corner and made them vulnerable - and a certain group of avg Joe and Janes have caught on, have pinned them in their trap, and are now using their own rules against them.
This is the most beautful attack of the average person against the mega rich elites, and a transfer of wealth is happening right now, the likes of which I have never seen (except maybe in the future cryptocurrency space).
This past month, and especially this past week has been a soaring victory for the working class, and it's all hidden behind news of a random stock on the internet that nobody cared about until a few weeks ago: Gamestop.
We're going to get into this, why this past week has put a GIANT SPOTLIGHT on the rampant corruption in the system that we live in, why people fighting back matters, why equality, equity and justice matters, and it all revolves around a gaming store and a bunch of randos on the interwebs.
I hope you enjoy, and maybe even learn a thing or two about the stock market - and the levels that the rich will go to in order to protect their place in the world. Breaking laws, flagrantly, infront of billions of watchers is just another day for them. They truly play by a different set of rules.
Lets get going...
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Music credits:
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