>> WELCOME BACK TO BETWEEN
BELLS THE VIDEO GAME RETAILER
GAMESTOP IS CONTINUING ITS
EYE-POPPING RUN ON WALL STREET.
THEY GAVE GAME
TO SHARES ARE. GETTING YET
AGAIN THIS COMING ON THE HEELS
OF THE STOCK CLIMBING 51%
ON FRIDAY. TRADING HAS ALREADY
BEEN BRIEFLY HALTED TODAY FOR
VOLATILITY AND WITH IT AN HOUR
OF THE
OPENING BELL, 41 MILLION SHARES
OF THE STOCK CHANGED HANDS
SURPASSING GAMESTOP'S 30 DAY
TRADING AVERAGE OF ABOUT
29.8 MILLION SHARES HERE WITH
MORE ON WHAT WE'RE SEEING FROM
GAMESTOP IS CHRISTOPHER
YOU'LL FOUND AND HEAD TRADER AT
10 MINUTE STOCK TRADER
CHRISTOPHER GREAT TO HAVE YOU
WITH US ON THE SHOW TODAY SO
THAT I SHARE PRICES LITTLE BIT
MORE MUTED NOW IT'S ONLY UP
ABOUT 7% BUT WAS UP YOU KNOW
DOUBLE THROUGHOUT
THE EARLY TRADING SESSION.
WHAT EXACTLY IS HAPPENING HERE
WITH GAMESTOP GIVE US A LITTLE
BIT OF THAT BACKGROUND.
>> SURE NO PROBLEM THANKS FOR
HAVING ME ON
SO ACTUALLY I WAS ASKED BY BY A
COLLEAGUE OF MINE ONE TIME HE
SAID CHRIS WHEN YOU TRADE AND I
THOUGHT ABOUT FORM AND ALSO
LIKE IT'S REALLY NOT ABOUT THE
MONEY. IT'S THE LOVE OF THE
GAME AND I THINK THAT'S EXACTLY
WHAT WE'RE SEEING RIGHT NOW
INSIDE OF GAMESTOP INSIDE OF
EVERYTHING THAT'S GOING ON.
AND THIS RALLY TODAY. I MEAN
WE'RE LOOKING OVER A 100% AT
ONE POINT. AND THIS THIS
MARKET, IT'S IT'S IT'S ALMOST
OUT OF
YOU'VE GOT NEW ROBINHOOD
TRADERS WHO ARE SO EXCITED THEY
ALL GOT THEIR STIMULUS CHECKS
AND THEY'RE FLOODING INTO THE
MARKET RIGHT NOW I AM I'M
EXCITED TO WATCH THIS. THIS IS
REALLY. A CRAZY MARKETED TO
HAPPENED.
>> YEAH IT REALLY IS IN
CHRISTOPHER BEFORE WE GET TO
THOSE ROBINHOOD TRADERS AS
RETAIL INVESTORS. GIVE ME SOME
CONTEXT AS TO
HOW MUCH GAME SOUTH HAD BEEN
SHORTED, I UNDERSTAND IT'S ONE
OF HAD BEEN ONE THE MOST
SHORTED STOCKS OUT THERE AT
THIS POINT B B'S INVESTORS WHO
ARE SHORT GAMES TALK ARE
EXPERIENCING A SHORT SQUEEZE.
HOW IS
THAT CONTRIBUTING TO HOW THE
THE SHARE PRICE IS BEING DRIVEN
UP SO DRAMATICALLY AT THIS
POINT.
>> GAMESTOP HAD BEEN SHORTED BY
OVER OVER A 100%
MEANING THAT EVERY SHARE THAT
IS AVAILABLE TO TRADE AREA WAS
MORE SHORT INTEREST IN SHARES
OR WAS THAT RATE.
SO NOW YOU'VE BASICALLY GOT A
DAVID AND GOLIATH SITUATION AND
THE MARKET.
OVERALL THAT THE HEDGE FUNDS
WANTING TO BE SHORT THE STOCK
AND THEN YOU'VE GOT THIS
UNDERGROUND MOVEMENT
FORUMS AND REDDIT AND OTHER
PLACES THAT ARE REALLY TRYING
TO PUSH THE STOCK UP AND THEIR
COLLECTIVE EFFORTS HAVE REALLY
BEEN THE I WOULD CALL THE NAIL
IN THE COFFIN YET BUT WE'RE
LOOKING AT SIGNIFICANT CHANGES
IN THE WAY THE MARKET
IS RUN WHEN YOU CAN GET A GROUP
OF PEOPLE ALL ACROSS THE WORLD
ALL BANDING TOGETHER TO SAY
GAMESTOP IS OUR PLAY. IT'S IT'S
AMAZING TO SEE
HOW THIS IS REACTING LIKE THIS
AND SO YOU'VE GOT ALL THESE
SHORTS THAT ARE HAVING TO COVER
AS FAST AS THEY CAN AND IT'S A
IT'S A IT'S A
SELF-FULFILLING PROPHECY HERE
WHEN THE SHORT START TO COVER
THAT RACE IS THE STOCK PRICE
AND THEN YOU'VE GOT MORE
TRADERS BUYING THE STOCK HAS
ITS CONTINUING TO GO UP.
AND OVERALL I MEAN IT'S IT'S
IT'S AMAZING TO WATCH THIS
HAPPEN.
>> YEAH, IT'S LIKE A
SELF-FULFILLING PROPHECY IN
MANY WAYS AND AND CHRISTOPHER
WE HAVE SEEMS HAD SEEN SOME
CONCERN EVEN BEFORE THIS GAME
STOP STORE THAT WE HAD THESE
RELATIVELY NEW INVESTORS THESE
RETAIL INVESTORS WHO ARE
TRADING MORE WITH THEIR GUT
LESS SO ON THE FUNDAMENTALS OF
THE COMPANIES THAT THEY'RE
BUYING OR SELLING. DO YOU
FORESEE THIS BEING A PERMANENT
FIXTURE OF HOW PEOPLE TRADE
IS IS KIND OF YOU KNOW
LEVERAGING SOCIAL MEDIA FORUMS
AS YOU MENTIONED A LOT OF
REDDIT USERS WE'RE ENCOURAGING
BUYING OF GAMESTOP IS THIS MORE
OF OUR FUTURE AS TO HOW
ESPECIALLY NEW INVESTORS ARE
GOING TO BE TRADING.
>> THAT'S A GREAT
QUESTION WHAT I WHAT I SEE IS I
SEE A LOT MORE OPPORTUNITIES
LIKE THIS FOR
YOUNG PEOPLE WHO ARE VERY
FAMILIAR WITH A NAME LIKE
GAMESTOP THEY'VE BEEN GOING
THERE SINCE THEY WERE 6 YEARS
OLD GET NEW GAMES FOR THEIR EX
BOXES AND PLAYSTATIONS AND NOW
WHEN THEY
HEAR THAT. THE THE NEW HOT PICK
COULD BE GAMESTOP AND THEY CAN
TAKE SOMETHING THAT WAS REALLY
AFFORDABLE AT 1012 $20.
AND WE SEE IT GO UP TODAY WAS
UP TO I THINK A $150 A ONE
POINT I MEAN THEY'RE LOOKING AT
THEMSELVES LIKE. I FINALLY
CRACKED THE CODE I KNOW HOW TO
TRADE STOCKS. THIS
IS AMAZING. WHAT I'M REALLY
CONCERNED OFF IS ONCE THEY HIT
THIS POINT WHERE THEY FEEL THAT
THEY'RE INVESTING GOT SAFE
REACHED A NEW HIGH SCORE ON
GAMESTOP.
ARE THEY GOING TO KNOW HOW TO
HANDLE THEIR RISK IN AND I'M
GOING TO ASSUME BASED ON MY OWN
PERSONAL EXPERIENCE IS THAT
THEY AREN'T AND WE'RE GOING TO
SEE
A VERY VERY
ABRUPT CRASH IN THE PRICE OF
THE STOCK OVER THE NEXT COUPLE
WEEKS OR SO AND YOU'RE GOING TO
SEE A LOT OF PEOPLE WHO WANT TO
STOP THAT THEY KNEW EVERYTHING
IN THE WORLD
BE WONDERING WHAT IN THE WORLD
JUST HAPPEN BECAUSE I JUST
BOUGHT ALL THESE OUT OF THE
MONEY, YOU KNOW LOW CALLS AND I
>> YELLOW CAUSE I LIKE THAT
SO CHRISTOPHER ON THAT NOTE
WHAT WORDS OF WARNING OR ADVICE
YOU HAVE FOR YOUNG INVESTORS
WHO ARE LOOKING AT GAMESTOP
RIGHT NOW.
>> LOOK I HAVE TO DO IS GOING
TO TAKE TALK THEY GIVE GREAT
INVESTING ADVICE ON THERE NOW
RIGHT, IT'S BY WHEN THE STOCKS
GOING UP AND SELLING OF STOCKS
GOING DOWN THAT THAT'S
BASICALLY I'VE GOT IT NOW, BUT
IN ALL I MEAN THIS IS NOT A
STOCK I'M LOOKING TO TOUCH AT
ALL AND IF IF YOU WE'RE PLAYING
INSIDE OF GAMESTOP WHEN
THIS HAPPENED. GOOD FOR YOU NOW
MIGHT BE A GREAT OPPORTUNITY
WILL MAYBE AN HOUR AGO WHEN IT
WAS UP TWICE WHAT IT IS RIGHT
NOW MIGHT BE A GREAT
OPPORTUNITY TO TAKE SOME MONEY
OFF THE TABLE BECAUSE I MEAN AT
THIS POINT NOBODY KNOWS WHERE
IT'S GOING TO BE
AN HOUR AGO OR AN HOUR FROM NOW
I MEAN IT COULD DOUBLE ALL THE
GAINS WIPED OUT BY THE END OF
THE DAY I'M NOT REALLY SURE BUT
I
WILL SAY HAVING A LITTLE BIT OF