Xiaoxian strongly recommends everyone to watch this movie 🎬, "Stupid Money", adapted from a true story, tells the story of GME GameStop's short squeeze on Wall Street!
The protagonist of the film, 'Roaring Kitten', has become a god in the hearts of retail investors. He turned $53,000 into $48 million on $GME. Today, he made a comeback after three years.
To briefly introduce, Roaring Kitten is his online name. His real name is: Keith Gill. He was born in Brockton, USA in 1986, a small town. He is a college track and field star. You will find in the movie that running every day has become his compulsory course and has become the key internal driving force for him to stick to his self-beliefs and investment beliefs.
Review of the GME battle: During the 2020 epidemic, the average share price of GME was 2.5 US dollars. By January 28, 2021, it rose to 483 US dollars, an increase of 190 times. This miracle is the embodiment of the "roaring kitten" and many retail investors who have been suppressed for a long time during the epidemic, holding together through the Internet, and leading retail investors to realize the awakening of the capital market.
"Who said that retail investors will always be harvested by institutions?"
"Who said that retail investors can't beat institutions without the advantage of insider information?"
"Who said that retail investors are not united enough, a mess, and have no financial advantages?"
Many hedge funds that bet on short selling suffered heavy losses in this battle. Among them, the hedge fund Melvin Capital lost 5.05 billion US dollars in this battle and then went bankrupt.
The revelation of this movie to us:
Don't underestimate MEME meme culture. Especially in the world's economic and political landscape and its turbulent environment, the suppressed rebellion and free will awakening of the people are terrible. If you can't beat them, join them and go with the flow.
Follow Xiaoxian and you won’t get lost~
