Happy Thursday!
If you’re on Twitter, you’re seeing what’s happening in real time as the retail investors take on Wall Street hedge funds (aka the stock market insurrection).
That will be the focus of today’s email newsletter: what’s going on in the stock market (re: GameStop, AMC Entertainment).
It’ll be back to normal on Friday!
Carpe diem!
I love you all!
Nick
——-
Here are the three articles/tweet that explain the situation:
Why $amc $gme $nok is a big deal for the future.https://t.co/pLRvEnZbz4
— Wall Street Playboys (@WallStPlayboys) January 28, 2021
A children's book explanation of what's happening:
— Chamath Palihapitiya (@chamath) January 28, 2021
1. If you are "smart money" you are allowed to take your $1 and leverage it up to $15+
2. You can now buy $15 of stock AND if you promise to short companies, you can short $15 of stock as well
GameStop: The Voting Machine Versus The Weighing Machine https://t.co/3EWmhv4BDZ
— David Merkel (@AlephBlog) January 27, 2021
If you own GME, sell now. I said NOW, you waited ten seconds. For those that are short GME, hold your short to the degree that you can. To the management: dilute the shares, any way you can $GME
