EPISODE · Feb 8, 2021 · 1H 20M
Baked & Awake: GameStonks Chat
from The Talking Hedge · host Josh Kincaid
Gamestonk, a term was made popular by Elon Musk, referring to the infamous takeover of WallStreetBets against the hedge fund shorts. After discovering that several hedge funds had bet on the video game retailer losing value, people banded together on the Reddit forum WallStreetBets to drive up its share price by 1,500%. Over the course of January, GameStop’s stock price ballooned to a high of $483 from a low of $17. Every jump in the price of GameStop brings in more short-sellers enticed by ever-growing potential profits and more buyers looking to stick a thumb in the eye of Wall Street, causing the cycle to continue. The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. How will the GameStop mania end? If it is like the original tulip bubble, it could lead to a short-term crisis of trust in financial markets. Guest: Steve Cominski, host of the Baked & Awake podcast https://bakedandawake.com LK: https://www.linkedin.com/in/stevecominski/ YT: https://www.youtube.com/user/huckersteve FB: https://www.facebook.com/bakedandawakepodcast/ IG: https://www.instagram.com/baked_and_awake/ TW: https://twitter.com/stevecominski Host: Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast. https://www.linkedin.com/in/joshkincaid/ Episode 646 of The Talking Hedge: Your cannabis business podcast covering cannabis products, business news, investments & events. https://www.theTalkingHedgepodcast.com Music Info: Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats Keywords: Podcast, Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks,
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After discovering that several hedge funds had bet on the video game retailer losing value, people banded together on the Reddit forum WallStreetBets to drive up its share price by 1,500%. The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. How will the GameStop mania end? If it is like the original tulip bubble, it could lead to a short-term crisis of trust in financial markets.
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Baked & Awake: GameStonks Chat
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