WHAT'S THE DEAL WITH GAMESTOP? Tom asks Michael Moe, founder and CEO of GSV Holdings, who has investments in companies such as Facebook, Twitter, Dropbox, Snap, Lyft, and Spotify. Should you go anywhere near GameStop, AMC Holdings, or any short squeezes?
Check out Michael Moe's book Finding the Next Starbucks: How to Identify and Invest in the Hot Stocks of Tomorrow
Also check out Michael Moe's The Global Silicon Valley Handbook
Money questions? Click here and send yours in: firstname.lastname@example.org.
Thanks for the interview with Michael Moe, Tom.
It was a great interview, you asked all the questions I had on my own mind. For normal investing, I feel all of that applies 100%.
However, to me, this is also a cultural event. I have taken a couple thousand dollars ***that I can afford to lose*** to place some bets on GME and also AMC. Admittedly this is for both cultural and financial reasons, but "I like the stock". LOL
To be fair, I got in early and I've already realized gains, but I have also been backstopping it with a stop-loss limit for whenever it falls.
I'm not a financial advisor, this is just what I have done to have some fun in 2021 and I have been enjoying it.
Everyone wants to get rich quick.
i don't understand the get rich QUICK mindset. too much risk. at my age i cant afford to loose a penny. im very happy that you took the time to lay this out DAD. for people like me to understand. the market seems like a casino to people. one day a stock is flat then the next day the stock is white hot. next the government, S.E.C , AOC, and everyone else is saying you can't do that, we are going to get you. it seems like slow and steady sound financial planning and saving are boring and dull to many people. people think the get rich quick thing is cool. i can't afford to gamble myself. i see people loosing their jobs every day. it's scary to me. i see food prices going higher in my local stores. i'm hearing stories in the news about pending taxes hikes and inflation to pay for all the money that was printed. i mean what are we doing here? i think this year is going to be painful for a lot of people. what will happen in the future if we don't get through this pandemic fast enough?? .
oldie but a goodie joke
I was making mental trades on GME today. I lost my mind. Ba dump dump. OK sorry, maybe it's an oldie and a badie joke.
I akin the mentality of a hedge fund trader to that of a casino gambler. Very well indeed.
Fifteen years ago, there was this show called MAD MONEY; it had a host named Jim Cramer and he was a former Goldman Sachs employee (he had a loyal "alumni"-like in his demeanor). Among the
stocks he'd had been "promoting "was nonother than Sears Holdings (SHLD), in which he had referred to as "shield"; the stock price of SHLD had jumped well over 100.00 per share.
At the same time, SHLD was a crumbling company: Walmart and Target edging out K-Mart in the market, the traditional Sears stores were lacking such areas as quality, knowhow, punctual assistance to customers, declining professionalism, resulting in stores closing up one by one. Both Sears and Kmart were well past their prime. Yet its CEO Eddie Lampert was being hailed a saint by Cramer.
Fifteen years later, SHLD is a former shell of itself. Anyone who held on this stock long term lost money. Eddie Lampert is cutting up this company piecemeal, even to this day. Kmart and Sears stores are slowly being shuttered. Brands like Craftsman and DieHard being spun off.
I see no difference between some hedge fund guys boosting GameStop's common stock and Cramer over promoting SHLD back in 2006. GME is like another Blockbuster Video - it will go away. So will GME too
Some people are big crap shooters, I swear...
BTW: the last time I looked, GME was around $98 per share. People will lose more than their shirts.