, Steve Sosnick of Interactive Brokers, and Jay Woods of Freedom Capital Markets explore the meme stock frenzy. The discuss how investors should go about investing in the polarizing company that is GameStop and break down the approach to trading in meme stocks. This is your ultimate 24-minute guide to building and not losing wealth in some of the most volatile, confusing stocks in the entire market.
Um But the interesting thing is it's been in the top 10 pretty consistently since that whole time, since that whole run up.So our customers have remained active in the name. Um But there isn't this, you know, unbridled, we're getting somebody th this, this is I have a position and I want to take this to a certain level by a certain time because there are options involved.And then Keith Gill behind the original movement, this is a lot of money invested in the stock.
Um You could argue that some of some of the activist investors targets are, you know, Dis Nelson Peltz lost the Disney battle but ended up making a lot of money.But in this case, I do think that that there's just something so much more cynical about this and it was what Jay alluded to it.It was very much millennial driven.Um And I build a bear who doesn't love, build a bear.
So that's another reason, uh you know, and there's another name that I've heard thrown out there, which I, I won't mention because I don't feel like having a libel suit. And then they learned, you know, people are learning what a loss is in this investment right now because if you bought the opening yet or you bought the opening two weeks ago, that was the peak.Um And that's what I like to do is I like to, you know, provide some financial literacy and use my experience.Uh I am in a very highly regulated industry.
And that's really to me the, the, the the thing that people need to take away, you know, the other thing I guess to take away is do your own homework, Don't just chase somebody because again, you know, as Jay alluded to, you know, if you chase th if you chase those initial runs, you got clobbered on that first move.
My motivation right now, um, is I'm, I'm paid just to make sure that our customers stay customers and stay liquid. Um Now as far as targeting goes and how high this can go as long as it's above the 200 day moving average, uh which is, you know, under 20 then maybe something's turned around, but fundamentally, you are spot on.This is a craze, that's why we're talking about it.
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