The Game Stonks story is about how a investment companies were shorting Gamestop shares as the company lost many and seemed to be suffering. But Keith Gill decided that the stocks were undervalued, and they probably were, and made a wacky online video about how he is investing in Gamestop.
Nerds being nerds jumped on the bandwagon and started buying Gamestop shares, pushing up their value 100 times. This caused the companies that shorted Gamestop to go bankrupt.
So the myth is that Keith Gill is the good guy, but he could have stopped people losing a lot of money if he had just sold early, but does he? Watch to find out.
The other myth is that investors shorting stock are the bad guys. They are not, they are using a collapsing company to make money, yes, but they are not causing the collapse, and it helps keep the financial markets going.
So watch this movie to see how large companies and many ordinary investors lost a lot of money. Too bad they don't tell you that and make the villain out to be the good guy.
Nerds being nerds jumped on the bandwagon and started buying Gamestop shares, pushing up their value 100 times. This caused the companies that shorted Gamestop to go bankrupt.
So the myth is that Keith Gill is the good guy, but he could have stopped people losing a lot of money if he had just sold early, but does he? Watch to find out.
The other myth is that investors shorting stock are the bad guys. They are not, they are using a collapsing company to make money, yes, but they are not causing the collapse, and it helps keep the financial markets going.
So watch this movie to see how large companies and many ordinary investors lost a lot of money. Too bad they don't tell you that and make the villain out to be the good guy.