Why are GameStop shares on the rise again?

The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine what could be behind the stock's sudden surge.
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[@Jamesjerome0]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@Vivienedouglass]

Many people underestimate the importance of advisors until they experience the consequences of their own emotional decisions. I recall a few summers ago, following a lengthy divorce, I found myself in need of a substantial boost to sustain my business. In my search for licensed advisors, I found someone highly qualified who significantly contributed to growing my reserves despite inflation, increasing from $275,000 to $850,000.

[@GaryNicka]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.

[@Kaustavpatell]

Yes, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k

[@rachelonigirl]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@Kaustavpatell]

Actually its a Lady. Yes my go to person is a 'Michele Katherine Singh'. So easy and compassionate Lady. You should take a look at her work.

[@ActiveRehabMobility]

Yup retail traded 180 million shares today because roaring kitty made a post. Keep up the great and honest Coverage 👍🏻

[@mkef1513]

It cant be anymore clear as day that Martin has a short position and is getting burned right now. Obviously he's one of those who hasn't learned his lesson. 🤣

[@tariqs2072]

Is Martin the same guy as Last time?

[@Zanlan.]

This.

[@pass_the_flask]

@@mkef1513 He's from The Street, that was Jim Cramer's company .. lol

[@PurplleBoo]

everyone needs to invest in time its our fight against hedgfonds manager and other corrupt people

[@ggadotkelly]

This complete interview is the perfect example of the bad actors throwing the stone and hiding the hand... Gamestop stock has a huge amount of shares held by retail who have been holding for 3 years. In fact a very large percentage of the retail holders have directly registered their shares with Computershare. The buying volume today wasn't all or hugely influenced by Roaring Kitty it was over-leveraged hedgefunds blowing up. In this "interview "... no mention of abusive naked shorting, rehypothication, illiquidity of the market. Why can't this "expert" tell the truth? The hedgefunds messed around with retail with all of their loopholes hoping for companies like Gamestop, AMC, KOSS to go bankrupt but they survived and now they are forced to buy back all of those counterfeit shares before the SEC's CAT system goes live exposing their corruption and exposing them to prison time.

[@Lewyn298]

As much as i want to invest in GME, I think it has some short term pain ahead. Currently sitting on about 250k, do you still think GME is a good buy right now or I have I missed out on a crucial buy period?

[@sommersalt88]

Don't be in a hurry to get in. The market needs several days of strong performance to signal that the downturn might be over; i still think It's a time to be largely, if not entirely, in cash

[@Curbalnk]

The economy and stocks are two different things these days, but i agree, I think it's brilliant to have a portfolio advisor for investing! The market's instability makes DIY risky. You don't need to find the next NVDA to succeed in investing. I've turned 480k into $32,000 in quarterly dividends using one, a major milestone.

[@greekbarrios]

…maybe you should be more Blue Chip…, just say’n

[@blaquopaque]

@curbalnk I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance

[@Curbalnk]

I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "JENNIFER LEIGH HICKMAN" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.

[@starvingbymidnight]

Buying more $GME

[@jamessimon2002]

Direct register it.

[@SSGoatanks]

Wall Street thinks this is over 💀💀💀? 💍🙌🚀🎑

[@Gustavo-kt3qc]

Oh so if civilians try to make a buck there’s rules created and it’s illegal but insider trading and market manipulation it’s ok right… right

[@maxpain3790]

Lol. Hedge funds lost almost a billion dollars because of a tweet

[@mattdamon-hu9pk]

Roaring kitty didnt cause this

[@Zanlan.]

As if a tweet causes 180 million shares to be traded KEKW

[@ucnikita2007]

Yes, just one problem, they lost it before the tweet. Tweet came after a surge…

[@CantGoogleMe]

no cell no sell

[@iProHydro]

“A rocket emoji is considered market manipulation” 😂😂😂

[@mammothdumpllc]

🚀 🚀 🚀

[@DBRising]

Diamond Hands 2.0

[@justmee9441]

HODL at all costs! 😂

[@PurplleBoo]

everyone needs to invest in time its our fight against hedgfonds manager and other corrupt people

[@zoiddbzyugi]

It's not 2.0, it's still the same situation, we aren't selling. I have only kept buying more over the last 3 years

[@First_Stop_the_Bleed]

Protect the Market is code for Protect the Rich and Powerful.

[@money0436]

I have bought 25000 shares of GME last Fri. Lets go! I think we will see +500% very soon.

[@DipShitz101]

So.... We are not going to talk about Nancy Pelosi? Lets just push that back under the rug.

[@hbomb65]

seriously, right?

[@Sunset4Semaphores]

He got a presidential freedom metal too.

[@cryptonatorsairdrophunt3889]

because thats off topic!

[@onelovemon1784]

GME is all on. Institutions, funds, retail..... Everyone.

[@Saffrone221]

People buy gamestop 🚀🚀🚀

[@gigitoronto29]

Right now is FFIE a short squeeze is coming. Buy and hold. To the moon!

[@ask_why000]

This corporate MSM talking head nonsense, just makes me want to buy more #GME stock.

[@richardpauly1635]

Switch2 is coming out and it will sell out fast

[@mattgullick1175]

This trade has been setting up for a while now. It literally had nothing to do with his post.

[@ctwwtc8761]

This video is s great example why people hate the media and agree with a certain presidential candidate about them

[@BenP-ue5zn]

Imagine being CBS adding liability to protect Ken Griffen by blaming an individual person who made a tweet. Prison for financial crimes and those who abet them.

[@mikegvideo]

These guys presenting this have no idea

[@hebergarcia8873]

They get paid to act ignorant

[@michaelfontenot990]

2021 is going to be nothing compared to what's coming....

[@ctwwtc8761]

🤞

[@JoshPitts530]

Ken Griffin cheated and belongs in jail.

[@mtaylor5908]

also pathetic is this commentator whining about "protecting" retail by stopping this rise. Nope, just leave us alone to buy and sell as we please.

[@keanumcgill]

Retail buying. No, is as retail have been buying for the last 3 years. We have been buying and holding, this isn’t retail who bought 180 million worth today. This is what we don’t watch the news folks. This is shorts starting to slowly cover, institutional buying, gamma and a whole lot more, but you guys won’t mention this

[@AndorranStairway]

Wrong. Volatility always attracts gamblers people looking to make a quick buck. It’s literally the same thing as 2021

[@philstreza2886]

It’s funny to see mainstream underplay his investment. He brilliantly caused a short squeeze due to intelligent analysis. A phenomenal value play. A company can be doing extremely poorly but still be undervalued

[@jamessimon2002]

Lets talk about all the fake shares created through FTX.

[@brinaldi81]

Its a better value stock then Truth Social

[@jamessimon2002]

Truth social was only an illegal way to give Trump money.

[@juju-xx5xn]

Right?? LOL

[@Nativerealm]

So let me get this straight. In the "Free Markets" retailers and investment firms can advertise and push their products to no end but a so called influencer having an impact on the "Free Markets" is illegal? Hypocrites plain and simple!

[@bangwin1032]

How about the options Gamma? Would love if at least one MSM outlet would explain the real situation.

[@ironman102790]

Are there fundamentals not improving for GME with a profit last quarter and over $1 billion in cash on hand?

[@klein2252]

Investor here. The tweet was nothing but confirmation bias. It changed nothing. GameStop is doing a buyback, retail is continuing to buy, and total shares borrowed is continuing to increase.

[@wadestclair249]

Congressmen (Pelosi) can inside trade and call it a free market but wallstreet complains about a meme stock when they lose?. Isn't it a free market?

[@bobbyhill4118]

They’re obviously liars and there’s going to be questions to ask here soon. But nobody will care though. Everyone’s dopamine receptors are fried from social media

[@brigspearman2171]

That’s awesome. That’s really cool.

[@ZZ_Tops_007]

Sure as hell hope that they come back to PUERTO RICO

[@defy2598]

explaining a meme is cringe

[@josephasbury6394]

Did u hear that there here to help retail 😂

[@jamessimon2002]

No cell no sell. Direct register your shares!

[@bahamutstear1369]

They will all be closed within a year so why not falsify you stock value so when you go bankrupt at least you’ll have your ill gotten gains

[@lx95020]

Stock isn't going up because of Roaring Kitty. Roaring Kitty Tweeted (X'ed) because the stock was already on an upward trend..

[@aulandblunt8432]

I remember when the stock market reflected on how the economy was doing. Now it seems it’s just the opposite.

[@Sonofawildanimal4241]

GAME STOP

[@KenjiEspresso]

Was it though?

[@josephseitzinger899]

Here we go again 💎✋

[@twyscape]

There are going to be some bad losses once the rug is pulled yet again on GME and AMC.

[@zoiddbzyugi]

You are telling us that a person tweeted, and the price magically jumped? So do you think people are stupid or what? Who the hell would believe that?

[@Sharingan6138]

If people followed posts on youtube and reddit by roaring kitty in 2021 which led to a soar in GME why can't you believe the notion that a tweet by the same person is followed and led to this current rise? Just curious.

[@cesarordaz139]

Here we go with another guy trying to protect the retail investors🙄

[@Jpop11]

this is how stupid our economy is. get in get out.

[@VariantaBlack]

He is not a day trader .

[@TheOverpowered1]

im not missing OUT AGAIN!!!!!

[@ronniepajas1872]

a profitable company....roaring kitty is the problem?????? wow

[@knuclear200x]

Get all your T-bills and put it all into 💥 *Gamestop! Get your deals on new and used games!*

[@mattyb3165]

😸 Diamond Hands! LFG!

[@hebergarcia8873]

Mannnn, these boomers are so cringe and lame.

[@rahulminhas7882]

Trading app wouldnt let me buy, trying again tomorrow

[@pass_the_flask]

"New investors are paid through old ones" is the opposite of a ponzi my guy

[@DavidhenshawSZU]

I missed where they said that it was a Ponzi scheme, they called it a meme stock, which it is

[@CompoundingTime]

Nothing to do with fundamentals, just short squeezing hedge funds.

[@Sunset4Semaphores]

We like the stock!

[@ramzibaker3082]

Does someone knows until when will go Lee going up

[@theotherside52]

🚀

[@tklestnoas7657]

I NEVER EXPECT GME WILL JUMP TO 68 DOLLARS TODAY IF I KNOW THIS 2 DAYS BEFORE I SHOULD HAVE BUY THIS STOCK AND SELL ALL STOCKS I COULD HAVE MAKE MILLIONS OF DOLLARS I WAS VERY HAPPY THIS WEEK LOT OF MY STOCKS JUMP AMC ALSO

[@hustle2muscle]

Gonna wait for a crash again for 10-16 it always does this. Just sit and wait

[@gigitoronto29]

Right now FFIE is going insane, a short squeeze is coming! Buy and hold it. To the 🌙

[@halloweenlady4073]

You guys clearly know zero about us nerds and how we spend. There indeed was game stop news and it was news us nerds were thrilled to hear. I will give you a hint, best buy dropped this product.

[@rickislas5039]

dropped as in released or dropped as in stopped selling ?

[@halloweenlady4073]

@@rickislas5039 Best buy stopped selling, but as a media collector they were never a place I shopped. They never got much and were over priced. Walmart though is ramping it up with the designer lables. If Gamestop goes in like newbury comics style with the new and used they will have no problems.

[@edgar.n]

GME time to Stop the Game of short sellers! Haha

[@OneBigLeftist-pq4je]

Shares are rising because my great President Biden!! Don’t forget my girl Kamala 😄

[@disastermaster1413]

Troll

[@sommmeguy]

By "traditional fundamentals" don't you mean computer algorithms? It's been a long time since the stock market was linked to the real economy in a significant way. It is just a casino for rich people. That seemed to be the point back in 2020. I guess you missed it.

[@Cukrcek95]

People who pay you are getting squeezed.

[@PeterParker-wj3cr]

The casino is open again!

[@KevinSanchez-nt3wd]

🚀🚀🚀🚀🚀

[@fredschwebel7666]

shmuck how about shorting a stock 140%

[@DONALD_DADDY_TRUMP]

GameStop more like game stock the stocks are low

[@dalepetersen1166]

Is it any different than people bidding UP bull crap Bitcoin

[@Kushert]

AMC

[@FRSHGOST]

Lets go! GME TRAIN. i missed out last time. Lets go to war!

[@johnyang1420]

HODL!!!!!

[@bl4950]

Top g

[@carianin5293]

Pump and dump

[@esteban3155]

Rocket emoji 🚀 = MaRkEt MaNiPuLaTiOn Lobbying congress= nothing to see here folks

[@hbomb65]

a drawing made the market go nuts, ok, and Trump is correct, the vote was rigged?

[@ImranHaq-tz7nx]

GME $278 AMC $24+

[@Itz_Crawfish]

Going to the moooooonnn!!

[@rockycomet4587]

💪💪💪

[@TheDexter50]

Pure stock market and he is showing the world cracks in the stock market and shows how’s unhinged it is and one side it is to people with millions and billions and a market that is truly truly caters to more wealthy individuals and the governments not the normal person how many times have the stock market crash? Not because of normal people because of greedy as hell wealthy individuals and policies that show that the market is and only one side like last time this happened the stock market is truly flawed to one sided of wealthy individuals.

[@mammothdumpllc]

Im not selling till kenny boy is in prison

[@AlexSky7700]

😂

[@akshaychoudhary5815]

To the moon 🚀

[@eFISHancy]

Boomers on the news... hilarious

[@aguyinavan6087]

hodl

[@moonshoes11]

Zombie Stop

[@i-yell-a-lot4906]

😂🤣😂🤣

[@G00033]

Clowns

[@zoiddbzyugi]

Jesus christ, i watched thewhole video to give you guys a fair shot. But this is just garbage reporting

[@freestylefranc2653]

degen gamblers😂

[@jamessimon2002]

It's not gambling if you understand fundamentals and keep on holding for 3 years .

[@JohnSmith-lk9fv]

lol someone has to hold the bag at the end

[@carleynorthcoast1915]

the GME saga is a pump and dump disguised as a short squeeze, it was managed so good people never figured out it was a pump and dump. Short squeezes don't form multiple tops and the interest in buyers was more than enough for the price action; in fact despite everything the selling pressure won in the end and the down trend continued. Also it was up trending for weeks in 2022 before the big tops so It don't believe any good traders were holding shorts which was a key part of the narrative. the people who lost money were probably retail traders expecting the countertrend to reverse

[@INF1NI73]

So anyways, I kept DRS'ing.

[@rockycomet4587]

🚀