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!
I love you all!
Here are the three articles/tweet that explain the situation:
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