Awesome Tips Let's SCREW the Stock Market! – WAN Show January 29, 2021
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Timestamps (Courtesy of MattDog_222)
0:00 Intro
0:14 Topic preview
1:59 Intro
2:35 Short summary/preview of review bombing
3:17 Introduction to Gamestop (GME) stock current events
3:52 Shorting a stock: definition/explanation
6:27 Short Explanation ( Part 2 )
8:12 What WallStreetBets is doing + Elon Musk’s opinion
9:48 Original intention behind shorting
11:12 Gamestop + Robinhood + Redistribution of wealth
12:08 Some people had success + The main “winners”
13:10 WallStreetBets’ Role model
14:53 Hedgefunds also charged interest, amongst other things
15:25 Linus’s stock promise introduction/announcement
17:15 Ivan’s story
18:26 Linus starts to get worried (To the moon)
19:33 Other “Meme stocks” + “Short squeezing”
20:32 AMC in particular
21:30 Linus’s promise: Cost update (+Luke laughing)
22:11 Linus doesn’t do many investments
23:50 How does Linus acquire GME? + Luke’s prediction
24:45 Estimates of 5 Billion lost from short-sellers
25:05 Robinhood restricted GME + Class Action Lawsuit + Reviewbombing
27:07 Other meme-crap (Dogecoin)
27:27 Robinhood possibly selling some peoples shares + disclaimer
28:23 Elon added Bitcoin to his Twitter bio
29:15 Twitch/Floatplane chats suggests promise cap (50k)
30:08 Google removing negative Robinhood review
31:38 Luke’s computer lag issues (story)
33:05 Sponsors
33:13 Honey
34:08 (Not a sponsor) – Activism investing
35:46 Malwarebytes Premium
36:40 Privacy + Alienware giveaway
37:42 Calling Yvonne (the wife)
39:01 The cost reveal (50k)
41:01 Yvonne’s counter-argument
42:25 Intel has more returning talent (Sunil Shenoy + more)
43:02 Linus’s Apple Watch Heart-Rate
45:02 Sunil’s previous work at Intel + Other names
46:13 Pat Gensinger’s quote
46:35 Apple Q1 record revenue ($150 Billion)
48:37 Alleged NVIDIA 3080TI 20GB leak
49:51 “Please stop sending money” – Linus
50:12 i9 11900kf leaked screenshots
51:40 Linus trying to plan when to buy GME stocks
52:10 LTT Still Hiring
53:04 More stock talk + various comments on it
55:34 LMG is NOT going public
56:46 LTT Store reminder
58:04 Conclusion
58:40 Outro 1
59:04 Outro 2
Deals for Days. Big home savings are happening now.
lol
Screw Wall St such a sinful place Capitalism is so Untrue
What people don't understand is that Linus is a man of the people, of the little guy, so by sticking it to the bigger guys, even though he's bigger than us, we will support him long term and buy his stuff because we're getting value… I'm sure people saw his reaction to the $50K and I'm sure he sold more stuff and in the long term it will help him more than it will hurt him and that's good everyone… this stuff makes me and many others to want to support him because he has influence to speak up when we can't… so he made money on this show, he gained tons of respect, and in the long term he can offset his taxes with losses from the stock or he can hold them long term and hope they go back up… either way he will do okay because he is a man of the people
Hi Linus, how did you calm Yvonne down? I need some Linus Wife Tips as I may have invested some of my money to some shady website. Lol
"Why do you do things?"
But is Linus kill questionmark?
Should have capped it at 40 000 CAD… could have then bragged about dropping a warhammer on hedge funds 😀
i would like to have 50000$ just for some 3090…
You still Diamond Hands there Linus ???
How are those tendies linus
UPDATE PLEASE
It's not the first time Google has removed negative reviews. Here in Alberta, Babylon Health by Telus was flooded with negative reviews after it became clear that the UCP was subsidizing a private health corp to undercut the public sector. Its reputation tanked, then a week later all negative reviews were gone.
18:30 and it was in this moment that linus knew…. he done fucked up
shorting is disgusting. literally only exists as a way for the rich to steal from the poor. and give people a reason to shit on companies for no reason other than to make them dip
Let's not kid ourselves. the whole stock market is a casino. The idea that some gamblers are better than others is laughable. Lots of people lost a shit ton of money they couldn't afford "going to the moon" on their investment. Guess who scalped them? yep, people who got in early and exited stage left when the time was right, that wasn't the hedge funds.
It's actually a bit painful watching the GME promise, since he later says that the stock closed that day at $325/share, and hindsight shows that the stock capped at $325/share. It went down after that, and it went down HARD, bottoming out around $50/share, so he lost ALL of that if he invested right before it went down. cringe
Linus: tons of respect for the position in investing. I am 100% on board with exactly that philosophy. It pisses me off ROYALLY, to think that Wall Street and similar stock markets have so much influence to manipulate the cost of real items, and effectively drive inflation so that those of us who DO work for our money have to pay more for the things we want and need, than if those crooks just kept their mitts out of it.
Idiot lol… thank you for your money… I bought puts and got paid!!!
I'm probably ignorant; or going to be extremely unpopular…. but is throwing away 50K just for the memes.. not being part of the problem ?
I love that call!
Linus: So I need you to put about 50,000USD in that account.
Yvonne: WHAT?
Luke: [literally 🤣]
Please tell me you replayed this to her later Linus so she got to hear Luke losing it. I assume your dog house has WiFi. 😜
Daddy destroyed Capitalism 🥵🥵🥵🥵💞💞💞
Did you actually invest all that money in GME? I need to see updates!!
Linus and Luke – Short sales are only available to account holders who have ticked the Margin Account box when setting up the account with a broker. They all know, or should know, the risks of opening a margin account. Shares available for short sales can only be taken from other account holders who have also opted in as margin accounts. In a short sale the sellers "sell" stocks they don't own at today's market price. They borrow the shares from the margin account holders. They've done research that suggests the price will go down after today.
Having your shares sold out from under you by short sellers is one of the risks you take when opening a margin account.
They then monitor the stock and when the price drops to their target price they then "buy" the stock at that price. They then pay the original holder the buy price. Since they've already sold it they keep the difference between what they bought it for and what they sold it for.
But these hedge funds ended up facing a "short squeeze". Other margin account holders started placing regular buy orders contrary to the market fundamentals for the company. The price went up. The hedge funds received margin calls which gave them 5 days to make payments to cover the price they sold the stock for and the current market price – they had to start paying back the loans. At the close of every day where the price was higher than the previous close they received another margin call. The squeezers had small investments that were driving the market for the stock. The hedge funds were holding millions of short shares. The margin calls were for millions of dollars. Another margin account risk. The hedge funds also had margin buys where they would buy stocks but were only required to put up a 20% down payment and the other 80% was borrowed. The short sales margin calls eroded their cash reserves so they no longer had sufficient cash to cover their margin buys. They received further margin calls.
There was an actual "conspiracy" of sorts between many account holders to pump the price; they made it no secret by posting their intent on the internet. No one account holder had to buy a boatload of the stock involved. All it took was an agreement among them to all make relatively small buys. They just put in buy orders above the previous day's closing price and the market price would rise. As long as the price stayed above the short sale price the hedge funds originally "paid" the hedge funds would be faced with margin calls. It might look like a "get the man" prank but especially in the current economic climate with people not working, businesses shuttered because of COVID lock-outs it could have caused a worldwide market crash. Their hearts might be in the right place but based on their Tweets it didn't appear they they realized that the SEC doesn't have a sense of humor concerning market manipulation. Some people might end up in jail over it. The ultimate risk of margin accounts.
And people wonder why the stock market is called gambling.
Banks lend the money in your savings account (and give you back some of the interests). Brokers may lend the positions in your stocks account. Therefore, "you can't lend something you don't own" does not apply to the finance sector.
I can't wait for Internet Historian to release a video about this topic. Please Ft. Linus and his 30k donation to the cause lol
Sunil is indian version of linus
I mean, is this really "activist investing"? It seems to me more like kind of a regular market thing where a group of investors spotted an opportunity to make money by profiting from a market inefficiency. The only unique thing about it is that the Wall Street investors found themselves on the losing end of the deal for a change. I tend to think of activist investors as ones who invest intentionally in a sub-optimal, equivalent, or loss leading investment for principled reasons. I'm sure there are some of those amongst the people raising the stock price of Gamestop, but it seems like the majority are participating to try and make a few bucks at the expense of the exposed big fund players.
First 10 second of the show: Linus insult 100% of listeners xD
"Why do you do things?" Is the best quote of this. I love how he quickly said I capped it so you know I'm actually responsible. 🤣
Linus longed 50k in stocks but shorted 50 years of his marriage
I could not and still can't figure out why Linus kept discouraging people from sending money after they hit the $10k/ $50k cap. Wouldn't the money brought in after $10k just be helping Linus to close that gap and/ or go toward his divorce fund?
Shorting is theft !
It is not the owners of the shares who lend them out, it is the investment companies that keep them for the owners who rent them out in a predefined time for a fee.
So you lost $30k. I feel sorry for the people that you suckered into this, them believing you knew what you were talking about. You should refund them their money.
LOL. Live chat with Yvonne while Linus goes on about one of his schemes should be a regular feature.
Sennheiser spends millions studying acoustics, millimeters of air and sound transparent materials can completely change the sound.
Linus and Luke: Put the headphones on their hats, inside a house.
16:30 if we knew linus would 5x match and buy GME, WBS would low key donate thousands
50k usd worth of stress XD
he should have gave me the money I will never have so much money and I do not have lamborghini, I dont know.
https://www.youtube.com/watch?v=_NPqy2soiQI
The BIGGEST issue facing mankind is their lack of faith in God.
https://youtu.be/mr52wpMq744
The media around this has been crazy. Apparently, the hedge fund that was shorting Gamestop is/was a major silver holder (or at least related in a way that they would profit hugely from people buying silver), so the media push to get people hyped on silver (saying r/wallstreetbets was going for silver when they weren't etc.) or investing in shit like Dogecoin instead is more than just suspicious.
The whole Yvonne thing was hilarious! One of the funniest things I seen in ages. Thanks for that. 😂❤😂
"This is a movement, Hun…" 😂😂😂
Best line ever, "Why do you do things?"
LOOOOOOOOOOL!
Wow. Imagine having access to $20,000…
LINUS I NEED YOU TO REVIEW THE CHUWI GEMIBOOK PRO 14" 2k screen, 512gb SSD, 16gb ram under 400 bucks on Amazon, i really need a full review is it a scam?!