In my years of studying/working in finance, I’ve seen a few things but never as eventful as this. From what started as a far fetched speculation of GameStop shares going up to the discussion on Reddit forum r/wallstreetbets about an impending short on the gaming retail store, has evolved into one of the most interesting topics I’ve read all month. In the span of a month retail traders, billionaires, celebrities, and people in overseas markets have joined in on the events transpiring. If you would have asked me if GameStop would have hit $400 a share I would have thought that was a great joke but here we are in a time where GME stock was over $400 a share last week. The sheer leaps this stock has taken in a month have been mind-blowing and has been a part of some feedback, both positive and negative. From the media slamming those involved as “unsophisticated investors” who manipulated the market (while trading platforms such as Robinhood have blocked new shares from being bought which one would consider manipulation) to those that just like the stock and see the potential for the retailer to grow with the new console releases and acquisition of new talent on their team.

As an investor myself, I am a firm believer in letting people trade to their heart’s content. It’s a risk that most everyone involved should already know. It’s speculative and volatile and for the paper-thin arguments for platform restriction on stocks like GME, AMC and others are blatant manipulation to protect hedge funds from losses but also the media slanting is heavily skewed against the retail investors who have been apart of this. Needless to say, there are talks of class action lawsuits against Robinhood for restrictions on trade and it will not be the last I suspect. I suspect this time to be a transfer of generational wealth and people are missing the good people have been doing with their newfound wealth. If you get you to give. And that is what is happening here. I say let them trade. My only other word of wisdom with this is doing your homework and don’t just get on the bandwagon for the kicks and giggles. This is a great time to witness history and I cannot wait to see the final chapter in this saga. As always my friends invest responsibly and stay safe out there. Excelsior.