Placeholder Image

Subtitles section Play video

  • shares of Gamestop are getting stomped on Tuesday, and so is the price of silver, along with other names favored by the Reddit crowd.

  • Like AMC, Gamestop shares were cut in half Tuesday to just $114 a share.

  • On paper, investors have lost an eye popping $25 billion in market cap as the stock crashes back to Earth after hitting an all time high of $482 last week.

  • The buying spree led by small investors, subsided as the trading frenzy, fueled by Reddit Message Board Wall Street bets that shocked global markets, appeared to fizzle, at least for now.

  • Trading app Robin Hood also maintained trading restrictions for professional investors like Ariane Vega, Donny and investment strategist at MV Financial.

  • Taking advice from an anonymous message board can only take an amateur investor so far.

  • If you're a person who just jumping into a stock because a bunch of other people are buddies of your say, let's all jump in That might not be the best news.

  • How many times you've done something your friend told you do and you regretted it because you didn't do your own research, you should do your research.

  • Think about this.

  • These things have consequences.

  • The selloff and Gamestop was just as violent as the run up last week, which put the squeeze on professional hedge funds and resulted in billions of dollars of losses for the so called suits on Wall Street.

  • The fervor seeing last week on Red It's Wall Street bets noticeably died down on Tuesday, with post now ranging from those giving up on the game stop trade to others, calling for investors to stick with the stock.

  • Even so, younger investors like 29 year old Joy Hubbard sees the Gamestop Robin Hood Reddit connection as an evolution in the world of investing geared towards their generation.

  • Robin Hood provided the opportunity to have your hand in a part of a company brother be a share of steak, and so on fourth, where you necessarily wouldn't have been able to because people live check to check.

  • I enjoyed the fact that I could get a little piece to this, so if he's not and it's been great.

  • Silver, which on Monday became another tool in the battle between the amateurs and the professionals, saw a less dramatic fall on Tuesday, since it had a less explosive rally.

  • The precious metal tumbled 7% after hitting an eight year high the day before.

  • And that, according to some analysts, may show that even when small investors band together, they won't win all the time No.

shares of Gamestop are getting stomped on Tuesday, and so is the price of silver, along with other names favored by the Reddit crowd.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it