Main St. Finance is here to take personal finance and Wall Street investing and break it down to its basics so that all people can achieve an advanced understanding of the American financial system. You can then use that knowledge to better take control of your finances to manage budgeting, taxes, investments, retirement, and more.
Episodes
Sunday Jan 31, 2021
Sunday Jan 31, 2021
Game Stop? AMC? The Short Squeeze of the century? Quite a lot of information has been flowing and crazy stock movements have been happening this week. I am releasing this week’s episode early because I want the information to be out before the market opens on Monday so you can get the information you need as soon as possible.
This week I talk about Game Stop and the market mechanics behind its meteoric rise from $30 per share to almost $400 per share. I talk about how this is happening, the forces behind the movements, and the potentially illegality of the shenanigans of all involved!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Short Selling & Short Squeeze Resources
Short Selling - www.investopedia.com/terms/s/shortselling.asp
Short Selling Basics - www.investopedia.com/articles/investing/100913/basics-short-selling.asp
Short Squeeze - www.investopedia.com/terms/s/shortsqueeze.asp
Jim Cramer
South Park shoutout: www.youtube.com/watch?v=Y5X1fEkKiIo
You’ve Already Won: www.cnbc.com/2021/01/29/cramer-tells-investors-to-take-home-run-and-sell-gamestop.html
News reporting that Hedge Funds have closed positions
Market Insider - www.markets.businessinsider.com/news/stocks/gamestop-stock-short-sellers-melvin-capital-citron-surrender-bets-gme-2021-1-1030010382
SEC Investor.gov Links
Short Sales - investor.gov/introduction-investing/investing-basics/glossary/short-sales-0
Pump & Dump - investor.gov/introduction-investing/investing-basics/glossary/pump-and-dump-schemes
Market Manipulation - investor.gov/introduction-investing/investing-basics/glossary/market-manipulation
My Usual Links:
Website: Mainstfinance.org
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
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