The epic saga of GameStop, Redditors, and Wall Street is a love-hate triangle that has ushered in a crazy trading bonanza that mostly transpired at the end of January 2021, with some more spirited action in late February 2021 to date. Add me on Instagram: michellemarki "Restricted Trading! Class action lawsuits galore!" could be headlines of a tale as old as time, or bubbles of yore. It's as though back in 1987, Warren Buffett predicted what was going to happen in the WallStreetBets subredditor contingent vs Wall Street's hedge fund "big boys" with his Berkshire Hathaway annual letter commentary on erratic behavior and irrational speculation. And how many retail investors were forced to sell because of brokerage firms like Robinhood curtailing buying of GameStop and other volatile meme stocks. I explain both short selling and a counter action, short sell squeeze in the context of GameStop stock chart examples. Short seller traders make money on the decline of a stock price and could lose infinitely in a squeeze. 07:17 This broadcast is brought to you by Sheriff of Nottingham! =P This was a retail revolution of investors who did fundamental analyses and made up their own minds to push back against the Wall Street establishment, according to Chamath Palihapitiya. He defended the Redditors in that they weren't just ignorant people losing money, they fully knew what they were doing. In my own timeline of this epic saga, I cite what many articles deem to have been the protagonist and antagonist of this story. They involve Keith Gill (aka Roaring Kitty on YouTube and DFV [abbreviated] on Reddit) and Melvin Capital Management LP (MCM). A SEC EDGAR search yielded 13F infotable XML files. I realize that funds do not have to report their "short positions" on their 13F filings, but these puzzle pieces still give some clues as to what funds have equity or other positions in. In my timeline, I chronicle how Keith posted many "GME YOLO updates" starting in September 2019 and how these posts became almost daily in January 2021 as events escalated into a flaming crescendo. GameStop's stock price went from somewhere below $50 to hit $483 intraday on January 28, 2021 before the rocket ship fell back to earth. GS was being traded at 140% of its public float being sold short. This wouldn't be an epic saga, however, without some heart-warming tales too! Some people were smart, made money, and paid off their student loans as one Redditor posted. Even Reddit rooted for the underdogs pursuing a common idea in a 5 second Super Bowl LV commercial ad. Sadly, there's also some congressional hearings, short term capital gains taxes, and regulatory implications to deal with. Contrary to an article the Wall Street Journal published on February 12, 2021 entitled "Why Women Investors Won't Embrace Stocks," I actually think women are interested in investing if we take the time to evaluate companies' fundamentals and determine if we can believe in them and want them to exist into the future. I have no qualms about missing out on the GameStop rollercoaster because I plan to stay an investor who sticks to my knitting and not get lured into massive speculative frenzy. Read the full blog post here: https://www.michellemarki.com/gamestop-epic-saga-of-redditors-vs-wall-street-the-legend-of-roaring-kitty All of us are on the journey towards FIRE (Financial Independence, Retire Early), and I look forward to making more investor friends. Please like and subscribe if you learned something or enjoyed my video. Thank you! :) --- Let's follow each other on my Instagram @ https://www.instagram.com/michellemarki Check out my website: https://michellemarki.com --- Disclaimers: This content is for entertainment, information, education purposes only. Michelle is not a financial advisor and is not providing financial, investment, trading, tax advice, or recommendations. If you need help in your specific situation, please consult with a professional financial advisor with a fiduciary duty and responsibility to help you. All trademarks, logos, and brand names belong to their respective owners. #WallStreetBets #Gamestop #ShortSqueeze #HedgeFunds #RoaringKitty #GME #MemeStock #Reddit #WallStreet #ShortSelling #MelvinCapital #Trading #Robinhood #Speculation #Gambling