GameStop bear describes short bet against company

Рет қаралды 8,955

Ай бұрын

GameStop (GME) shares are climbing after "Roaring Kitty," best known for the 2021 short squeeze, posted a screenshot to Reddit showing a nearly $175 million position in the meme stock. Citron Research Founder Andrew Left joins Market Domination Overtime to discuss why he is re-shorting the stock after being burned by the 2021 rally.
Left says that today's rally is "totally different" from what happened in 2021, adding, "I personally do not believe this is his own personal money." He explains that Roaring Kitty's position is an exorbitant amount of money, and he doubts he put his entire net worth on the trade.
"What he's doing right now is trying to take advantage of the retail traders, the same people that he was supposed to represent three and a half years ago," Left says, noting that he decided to short the stock because of its short interest and its capital structure changing from 2021. He explains, "I just hope the retail investors realize right now that this is not what we saw three and a half years ago."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

Пікірлер: 95

@imakez4u Ай бұрын

Short sellers like him destroy companies and drive them out of business.

@df3064 Ай бұрын

Kieth Gill got everyone excited about Gamestop . He helped them survive

@morpando926 Ай бұрын

This guy about to lose his socks😂

@df3064 Ай бұрын

Wait for it ,party is still going on

@zoiddbzyugi Ай бұрын

No patience? We have been in it for over 3 years now. Is that not patience?

@Truongchihai83 Ай бұрын

let's hodl , diamond hands

@charlierodriguez8489 Ай бұрын

Lmao. Someone sounds like they're short, big.

@zackstrigin Ай бұрын

He’s so mad 🤣

@Koushi82 Ай бұрын

So is this not market manipulation by citron research?

@Theyareoverrated Ай бұрын

It’s different because his goals align with theirs potentially, this guy scheduled his short thesis reveal during bidens inauguration and then used that as his reason not to reveal it and now he’s projecting his problems

@anthonygordon4699 Ай бұрын

Exactly.

@giorgiolambo1942 Ай бұрын

They have 2 billion in cash and no debt 💸 ok buddy

@LBSeeinYa Ай бұрын

Less than $4 / share and can they return it to you with no tax consequences? (Spoiler: no). Still waiting for you to justify the current price. Thanks.

@mybad8805 Ай бұрын

@@LBSeeinYa I like the stock, we are talking about Nvidia right?

@mikefarran3237 Ай бұрын

@@LBSeeinYa bet against it then, I dare you

@LBSeeinYa Ай бұрын

@@mikefarran3237 I already have. It’ll go up and then go back down. It’s market manipulation and nothing fundamental. Ask anyone participating in this if they ever set foot in a Gamestop location (they don’t). Long time pro market participant and CFA charterholder….You? Just make your money on the pump before the dump, chief.

@LBSeeinYa Ай бұрын

@@mikefarran3237 and Mike, I’ve been long GME as well. You assumed based on my original post that I was short simply because I was explaining to the OP that you can’t justify a $40, $50, $60 per share price based on cash on the balance sheet totaling less than $4 per share. Tell me how they can allocate that capital to an AI venture and it’s game on.

@jesusmendoza5212 Ай бұрын

Everybody on Wall Street does the same thing

@user-hf2dr7sh4y Ай бұрын

Lol he sprinkles his "eat the rich" fear-mongering in there

@rhythmandacoustics Ай бұрын

lol why show up now on yahoo finance. Andrew is trying to manipulate and protect his positions.

@Lakingitup Ай бұрын

This guy.. from his words, rambling, assumptions.. he is not facing the music yet. I would keep an eye on this guy if he has a balcony. When it finally hits him, he wont be able to cope with the results. No way.

@hunglukenguyen Ай бұрын

he just did not, today stock is at 40+ range

@seemeartist Ай бұрын

This guys shakiness makes me bullish.

@LacosteBoy1 Ай бұрын

Probably took too much coke before the interview.

@Bestoftherest222 Ай бұрын

Dude make it known he was shorting GME a few days ago. Now he is scared seeing this new run up and GME announcement.

@morpando926 Ай бұрын

Wow someone is scared

@86Dynamix Ай бұрын

He didn't discuss any short bet, so what's this title about?

@jasonhammons3826 Ай бұрын

It is different this time.....going past $500

@Joe-nj8py Ай бұрын

No retail was piling in 😂

@cryptokid574 Ай бұрын

He changed his name soon from Andrew Left to Nothing Left.

@jasonjadrnak6841 Ай бұрын

Hahaha your boots are about to get smoked hoss

@zamor7778 Ай бұрын

i’m in, keith is a legend. Let’s go to the moon baby

@felixhernandez9354 Ай бұрын

Bro they didn't learn

@phillipdavis2422 Ай бұрын

Bro. You even game??

@1maripaul Ай бұрын

I find it a little strange that roaring Kitty is choosing the day that one of the biggest stocks Nvidia (which passed Microsoft) is choosing Friday to do a Livestream which is the day NVIDEA splits and has been killing it in the market! That being said Game stop has no debt and I bought into (and NVIDEA) a long time ago so I'm ready to reap a little of the rewards from game stop.... Finally!!!

@blongshanks77 Ай бұрын

Nvidia didn’t pass Microsoft. They passed Apple as far as market cap is concerned.

@enesaslan9790 Ай бұрын

GME 🚀❤️

@onelovemon1784 Ай бұрын

Shorts got fair warning today. Next week you are toast.

@josephtallerson893 Ай бұрын

He never exited.....How else can he explain his huge short position

@CC-pe1kz Ай бұрын

they are losing billions

@2fast61 Ай бұрын

We will see

@morpando926 Ай бұрын

He wants to call chicken on the shorts and exercise the shares, let's see how Morgan Stanley will come up with that

@BenP-ue5zn Ай бұрын

There’s thousands of investment opportunities. Choosing to die on a hill of a profitable, debt free company is bewildering. Thanks for giving a guy with 30 something AUM a free commercial for advertising his position. Just be aware, the pile of dollars that will go towards prosecution is growing.

@HdhHh-em3cw Ай бұрын

Absolutely amazing! Keep on going, guys! Very, very good work!

@user-hf2dr7sh4y Ай бұрын

Lol typical Wall Street type sprinkling his "eat the rich" fear-mongering against the peasants

@AjaySharma-me1sy Ай бұрын

This was 2 days ago. Today GameStop closed at $46, up 70% from when Andrew Left said this. Is he still short? Is it still "different this time"? :D

@rocketscience777999 Ай бұрын

This guy would be doing exactly what roaring kitty is doing if he had the ability to do it. Don’t believe a word he is saying.

@tedstriker6743 Ай бұрын

I’m so happy our president canceled tuition so these little fools can put it into GameStop

@nextari Ай бұрын

chumpy about to get VAPORIZED lmafaooo!!!!

@JacquiEatWorld Ай бұрын

can opportunities be found on other smart chains like ETC or poly, or is the software only for binance smart chain

@Tokomak_5 Ай бұрын

Haters gonna hate.

@jram0001 Ай бұрын

Great news, short sellers is bullish 😃

@dominicsamf2895 Ай бұрын

“Something about it seems wrong” lmao says the guy who shorted a stock with all of retail behind it and thanos with a 200 million dollar position. Just bc u can speak doesn’t make you intelligent

@james5063 Ай бұрын

Some ones sad 😂

@philomathist6899 Ай бұрын

Hahaha, he did not put his lifes savings on the trade?!? He comes from Wallstreetbets they YOLO life saving like this for breakfast.

@user-ce5vd2qv7y Ай бұрын

Andrew left looks like an egghead

@tonyavila4780 Ай бұрын

Yeah, keep shorting it, he’ll lose the rest of your hair too, including your money, which is probably already depleted in the last three days. Sometimes these guys are a total dumpster of douche bags.

@superman456 Ай бұрын

Dude got wrecked today

@frankangstadt793 Ай бұрын

He should by some shares of SALT

@georgemorales5294 Ай бұрын

Gamestop 🚀 Unstoppable 🚀

@Dennis4Videos Ай бұрын

Andrew left the market

@frankangstadt793 Ай бұрын

Dude doesn’t understand what YOLO truly means

@EcolutionResources Ай бұрын

A bit perplexed will such generosity continue indefinitely, or is it only now you can stake your cake at such a favorable interest?

@1979josemful Ай бұрын

i see a hater who is salty

@Salimmmm Ай бұрын

Go to the moon 🤑💰💸

@Element_Z48 Ай бұрын

Lol they are panicking

@solar2k6 Ай бұрын

Remember him how he was lol.

@zackstrigin Ай бұрын

This guy sounds sad and mad 🤣 he doesn’t seem to understand this new generation and that’s part of his problem. Ignorance, I’m in.

@zekelitwiller Ай бұрын

This is aging well 😂

@moneymonkeyaudiobooks682 Ай бұрын

Andrew, your brain 🧠 has left you… next will be your money!

@HAWKS-fu6nq Ай бұрын

Author, I need your advice. I ve put practically all of my assets to blocktopia, with the expectation that its value would skyrocket in the coming years. Do you think they should be converted to cake to make passive income?