In 2020, when the Jimmy Fam was a 20 -year -old college junior, his school went online after hitting the epidemic. He got out, still staying in his parents' house in Orange County, California, helps hire them and is acting as a distance technique for Ubreakifix, earning a $ 19.30 per hour.
When he first heard that people were buying stocks in a gamestop on the Reddit Forum Wallstreetbates, they felt. It looked conspiring first, and he was not sold immediately. But as more and more people posted about their confidence in stock, the form became convinced. He bought shares and since then, he is putting most of every salary in stock.
“I am not going to sell until I see the change,” the pom said. “I really don't really care about money.”
The form is part of an important group of people who are still occupying their gamestop shares, looking at their money growing on the transition of gamestop for a brick-and-mortar video game business to tech company and insist that it is a way to change the system. For investors such as a form, it has changed their lives.
On January 11, 2021, the gamestop exploded the mainstream awareness when Chewy co-founder and investor Ryan Cohen was appointed to the board after investing $ 76 million in 2020 and getting a 12.9% stake in the company. Due to the appointment of Cohen, a movement started on the Redit to rally to increase stock, to rally, and to buy gallstop shares, where users indicated from the “gamestop OGS”, including Keith Gill – aka Roaring Kitty – which was reducing bulling since 2019. Funds that were shortening stock.
Justin Dopiella, founder of Domo Capital and Portfolio Manager, said, “This greed for short sellers to be bankrupt for gamestop – irony, is now that he probably saved the gamestop forever.”
Redithers against hedge funds became a David vs. Goliat Battle, which had moved forward while investing the app Robinhood. Suspended trade On January 28, 2021, the gamestop, citing “recent instability”. Media coverage became more frenzied as politicians weighed on both sides of the corridor, criticizing the company and calling for hearing that was held in February and March.
All this happened in the early spring of 2021, the coverage died.
“This is a very interesting reliable practice with strangers on the Internet on Reddit.”
The form now has 105 stock shares, priced at around $ 10,000. He said that at this point, nothing can refuse to sell them, despite the fact that his family has warned them about the dangers of investment and urged them to cash when they could. But the family of the form, which he said, “riding a poverty line”, when he believes what he is doing, is at the forefront of his mind.
“This is about changing the future to determine the future for better and possibly life and to establish your family for generations,” the pom said. “If I am wrong, who cares? I am just going to take it away from my taxes and will close it for the next few years.”
Lauren McKenzie, 36, is also working on her shares of the gamestop, in the wonder of Arizona. After knowing more about shares on Reddit, Robinhood snatched the bought button.
“This is a very interesting trusted practice with strangers on the Internet on Redit,” McKenzie said. “And it felt like most friends and it felt very lonely.”
McKenzie does not have much money – she takes care of her mother and her aunt and is the only source of income for her home. When she first bought a gamestop shares, she was guilty, as she was not contributing enough. In November, McKenzie had a problem with his family's only car, and to pay for expenses, he redeemed the benefits he had, which was approximately $ 2,500.
McKenzie said, “I didn't like to sell them, but I had to do what I had to do.” “This is life and it is complex.”
McKenzie, along with other investors, believes that the gamestop is undergoing a change in a tech company, starring by Cohen, who was appointed as the chairman of the board in June. This change, McCenzie thinks, will start with an NFT market, which the company has indicated with itself NFT-surrendered website And by posting NFT-related jobs. Nevertheless, on a broader scale, she believes that it is the beginning of the creation of metavors, which she has described as the “next version of the Internet” – decentralized, based on cryptocurrency, and resembles the virtual reality universe in the book and film and resembles the virtual reality universe in the book and film. Ready player one,
However, not everyone takes membership of these principles.
Luis Mejia worked in a gamestop when he was younger. Now 38, she is a software engineer in Miami. Mejia was initially doubted when his friend advised him to invest in November 2020, assuming how the company's business model was behaving in the market during the epidemic was reducing doubts and doubts about it. Still when Robinhood snatched the bought button, Mejia knew that it was “time to fight,” recalling bitterly how he lost $ 100,000 in the 2008 stock market accident.
Mejia said, “It was 10 years to burn.” “This is my way to strengthen help and see where it goes from there.”
Mejia initially invested $ 10,000 in January and was sitting at more than $ 40,000 at the time of reporting.
The principle about what will happen next in the sense of gamestop saga and Ryan Cohen is ignorant Indecent tweetMejia, however, does not speculate and tries to live on the ground.
“There are people who live gamestops and breathe and may feel a little as they drank cool-ed,” Mejia said.
Still he has no intention of selling because he knows that if the stock progresses, he would regret it.
Mejia said, “It would be as if I had a lottery ticket and I threw it in the garbage.”
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