Let's SCREW the Stock Market! - WAN Show January 29, 2021

Let's not kid ourselves. the whole stock market is a casino. The idea that some gamblers are better than others is laughable. Lots of people lost a shit ton of money they couldn't afford "going to the moon" on their investment. Guess who scalped them? yep, people who got in early and exited stage left when the time was right, that wasn't the hedge funds.

It's actually a bit painful watching the GME promise, since he later says that the stock closed that day at $325/share, and hindsight shows that the stock capped at $325/share. It went down after that, and it went down HARD, bottoming out around $50/share, so he lost ALL of that if he invested right before it went down. *cringe*

Linus: tons of respect for the position in investing. I am 100% on board with exactly that philosophy. It pisses me off ROYALLY, to think that Wall Street and similar stock markets have so much influence to manipulate the cost of real items, and effectively drive inflation so that those of us who DO work for our money have to pay more for the things we want and need, than if those crooks just kept their mitts out of it.

Idiot lol... thank you for your money... I bought puts and got paid!!!

I'm probably ignorant; or going to be extremely unpopular.... but is throwing away 50K just for the memes.. not being part of the problem ?

I love that call! Linus: So I need you to put about 50,000USD in that account. Yvonne: WHAT? Luke: [literally 🤣] Please tell me you replayed this to her later Linus so she got to hear Luke losing it. I assume your dog house has WiFi. 😜

Daddy destroyed Capitalism 🥵🥵🥵🥵💞💞💞

Did you actually invest all that money in GME? I need to see updates!!

Linus and Luke - Short sales are only available to account holders who have ticked the Margin Account box when setting up the account with a broker. They all know, or should know, the risks of opening a margin account. Shares available for short sales can only be taken from other account holders who have also opted in as margin accounts. In a short sale the sellers "sell" stocks they don't own at today's market price. They borrow the shares from the margin account holders. They've done research that suggests the price will go down after today. Having your shares sold out from under you by short sellers is one of the risks you take when opening a margin account. They then monitor the stock and when the price drops to their target price they then "buy" the stock at that price. They then pay the original holder the buy price. Since they've already sold it they keep the difference between what they bought it for and what they sold it for. But these hedge funds ended up facing a "short squeeze". Other margin account holders started placing regular buy orders contrary to the market fundamentals for the company. The price went up. The hedge funds received margin calls which gave them 5 days to make payments to cover the price they sold the stock for and the current market price - they had to start paying back the loans. At the close of every day where the price was higher than the previous close they received another margin call. The squeezers had small investments that were driving the market for the stock. The hedge funds were holding millions of short shares. The margin calls were for millions of dollars. Another margin account risk. The hedge funds also had margin buys where they would buy stocks but were only required to put up a 20% down payment and the other 80% was borrowed. The short sales margin calls eroded their cash reserves so they no longer had sufficient cash to cover their margin buys. They received further margin calls. There was an actual "conspiracy" of sorts between many account holders to pump the price; they made it no secret by posting their intent on the internet. No one account holder had to buy a boatload of the stock involved. All it took was an agreement among them to all make relatively small buys. They just put in buy orders above the previous day's closing price and the market price would rise. As long as the price stayed above the short sale price the hedge funds originally "paid" the hedge funds would be faced with margin calls. It might look like a "get the man" prank but especially in the current economic climate with people not working, businesses shuttered because of COVID lock-outs it could have caused a worldwide market crash. Their hearts might be in the right place but based on their Tweets it didn't appear they they realized that the SEC doesn't have a sense of humor concerning market manipulation. Some people might end up in jail over it. The ultimate risk of margin accounts. And people wonder why the stock market is called gambling.

Banks lend the money in your savings account (and give you back some of the interests). Brokers may lend the positions in your stocks account. Therefore, "you can't lend something you don't own" does not apply to the finance sector.

I can't wait for Internet Historian to release a video about this topic. Please Ft. Linus and his 30k donation to the cause lol

Sunil is indian version of linus

I mean, is this really "activist investing"? It seems to me more like kind of a regular market thing where a group of investors spotted an opportunity to make money by profiting from a market inefficiency. The only unique thing about it is that the Wall Street investors found themselves on the losing end of the deal for a change. I tend to think of activist investors as ones who invest intentionally in a sub-optimal, equivalent, or loss leading investment for principled reasons. I'm sure there are some of those amongst the people raising the stock price of Gamestop, but it seems like the majority are participating to try and make a few bucks at the expense of the exposed big fund players.

First 10 second of the show: Linus insult 100% of listeners xD

"Why do you do things?" Is the best quote of this. I love how he quickly said I capped it so you know I'm actually responsible. 🤣

Linus longed 50k in stocks but shorted 50 years of his marriage

I could not and still can't figure out why Linus kept _discouraging_ people from sending money after they hit the $10k/ $50k cap. Wouldn't the money brought in after $10k just be helping Linus to close that gap and/ or go toward his divorce fund?

Come to Australia and hide in the caravan park from your wife...promise I will keep a look-out for the wife and give her the wrong direction if she is following you sent... You in trouble...lol That's why so funny, I have laugh so hard in so long and your Mate was trying to save you said it all.... Believe in the rebel Jesus ; ) The Baker

Shorting is theft ! It is not the owners of the shares who lend them out, it is the investment companies that keep them for the owners who rent them out in a predefined time for a fee.

So you lost $30k. I feel sorry for the people that you suckered into this, them believing you knew what you were talking about. You should refund them their money.

LOL. Live chat with Yvonne while Linus goes on about one of his schemes should be a regular feature.

Sennheiser spends millions studying acoustics, millimeters of air and sound transparent materials can completely change the sound. Linus and Luke: Put the headphones on their hats, inside a house.

16:30 if we knew linus would 5x match and buy GME, WBS would low key donate thousands

50k usd worth of stress XD

he should have gave me the money I will never have so much money and I do not have lamborghini, I dont know.

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The BIGGEST issue facing mankind is their lack of faith in God.

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The media around this has been crazy. Apparently, the hedge fund that was shorting Gamestop is/was a major silver holder (or at least related in a way that they would profit hugely from people buying silver), so the media push to get people hyped on silver (saying r/wallstreetbets was going for silver when they weren't etc.) or investing in shit like Dogecoin instead is more than just suspicious.

The whole Yvonne thing was hilarious! One of the funniest things I seen in ages. Thanks for that. 😂❤😂

"This is a movement, Hun..." 😂😂😂

Best line ever, "Why do you do things?" LOOOOOOOOOOL!

Wow. Imagine having access to $20,000...

LINUS I NEED YOU TO REVIEW THE CHUWI GEMIBOOK PRO 14" 2k screen, 512gb SSD, 16gb ram under 400 bucks on Amazon, i really need a full review is it a scam?!

"why do you do things" - the most wife thing said ever. The pain!

Wow. Based Marxist Linus!

Lol what a waste of $50k

Stock market exists to find the price for all companies. Short selling is a crucial part for price discovery.

He didn't get the meme-number of elon Musk (for the suggestions of his cap). That said... while 50K is a lot of money for most people, it's about one-and-a-half month-income of Linus Tech, so it really ain't that a big of a deal. Probably only 1/200th of what is in his bank-account. And while I like the guy, this is also something, in general, that pisses me off: rich dudes talking about how to stick it to the big man... but what they mean is "those richer than they are". They NEVER apply it to themselves. It comes over as extremely hypocrite to hear a wealthy rich guy or gal talking about the suffering of the poor, and spouting leftish ideas and ideologies - conveniently forgetting THEY are products of the system they seemingly despise, and nothing stops them from giving away their own money. But they never do. Bathing in wealth, but talking about (and sometimes even in name of) the poor. Caviar-socialists, we call those. That said, shorters are the scourge of the earth, and they deserve to get kicked in the nuts.

did you really lose 40 thousand dollars...

Linus Financial Tips

Hey, I know you guys at LTT read comments so here I am taking a shot at it. I dont want to play downbeat, but the investement part of the WAN show had quiet a few imprecisions in it. The big winner of the GME fiasco is institutionalised finance, through HFT (high frequency trading). Robinhood, while not being a great service in my opinion, did what they are allowed to do, by closing positions etc... Sorry for the little rant but I kinda regret the wishiwashi in a usually more precise show. keep up I really like the show

Man, 50K mostly gone! Geez.

If you word it "you can't sell things that were only loaned to you" it makes more sense. This isn't a preorder, this is selling your friend's car after after borrowing it from them.

If budget is not a problem then what will be your system specs??

Silver is a lie. Loved this other than that though.

i entertained and gain more knowledge by Linus'es phone call with Yvone. Love You.

It's now all over, did he ever end up buying 50k of GME stock?

Hey Linus, what's up with the money situation , can you provide and update to your community ? :)

Next episode of WandaVision? Nah... Can't wait for the next Wan Show episode 😀

On the WAN show... Linus puts boot in mouth!!! TO the tune of 10's of thousands of dollars!! LMAO

Don't worry linus. I'ma buy a t-shirt from LTTStore .com

He's already lost 20 grand

Is talking about the how many small investors can bring down giants... Then opens up for the many small potential investors in chat with a 5x plea... What could ever go wrong? XD XD XD

Ok, let's be real here: 1. Linus is a rich guy and 50k is not a big deal 2. This thing will bring him large publicity and he will earn many times more than than the 40k he spent 3. A marriage that is not under stress from money issues and that has 3 kids is not going to fall apart due to some 50k. Linus showed to us that he is not one of those ISslowsrs that just throw money around and was genuinely shaken with this expense.

Awful short-selling explanation Linus, it's hard though because it's bat shit crazy and as an idea counter-intuitive to logic.

Lol this explanation as a active trader would have confused the fuck out me lol. They needed just say its like betting on a company to go down with borrowed shares that's all simple. Just don't talk about selling puts lol you guys sell make ppl leave the market. I love you guys a ton and love that your with the common ppl on this but linus explanation had me dying it just was unessacary but I'm being tough on them overall glad they talked and made this their main title for show. Maybe it was to get more views would make sense but they didn't use WALLSTREETBETS in title or description like some ppl have to try piggy back off their clout which most 95% of is click bait. At least they discussed it and tried there best as neither of them that I know of are financial experts or even trade that much

This ages well :D

2008: Short selling is awesome! 2021: Short selling is evil!

Hi Linus, did you actually succeed to fail on Monday? you always were good with dropping stuff, but doing so to stocks must be a new game for you...

Linus: what I enjoy most about all this is the extremely wealthy that didn't earn their money making more for doing nothing getting rekt ... Just one issue ... The funds going bankrupt aren't their money, it's our pension funds they have been betting with. The only difference it's gonna make to those wealthy people is that they won't get a big bonus this year. Still ... hilarious to see the rich beaten at their own game though!

just upload an onlyfans of Yvonne beating Linus ass

i not sure about laws in Canada, but here in mexico you can deduct losses in the stock market from your taxes, so not all could be lost.

set the playback speed to .25 it's fucking hilarious!

9:00 "you cant sell a flat you rent but you can sell shares you rent" would be a betther analogy

Making money by producing absolutely nothing is 70 % of all american jobs.

to the fucking moon and back

It was all fine until his wife said they should have given the money to charity... ooh

My hat off to the dude saying "Ape, Together, Strong" to cheer Linus up in the live chat.

Wow. What's the trend with people trying to profit from doing zero work nowadays?

👏”i will talk to you later”

I'm pretty sure what you are doing is illegal to conspire with others to buy shares. I'd be careful.

Can we get a poster that has linus saluting that says “to the moon”

You should do a collab with a data scientist to test scientific computing hardware. For instance, pandemic modeling would be interesting. What hardware is best for data scientists?

"Why do you do things?" is the funniest response I've heard in a while.

you paper hands on bitcoin? holy crap you fucked up. Mostly everyone who bought bitcoin and held is in profit right now its its only going to get more rare. How are you not in bitcoin you would rather be in USD that they print out of thin air?

The same hedge funds are long on Silver

Shoutout

So what price did you buy in at?

In the spirit of making Linus some money... Malwarebytes actually really works. I've had plenty of experience just installing that thing for people "I don't want to give tech support to," and it just worked as an install and forget solution.

omg... this is hilarious :)

It will help people in need if you *don't think about it...

💎🙌! NO SILVER

I love how luke is laughing like a madman the whole show while Linus is questioning his life choices

We need a revolution on all aspect of our society ... if PC components is your thing, **BE CRITIC** in a viseral way ! Things will change & COMPUTERS WILL BE VERY POWERFULL ... games & software will be bug free !

oh lawd Let's Screw The Stock Market turned into Let's Strain Linus' Marriage

Can we get an update and see if Linus is holding out or did he already sell his stock?

Lttstore.com needs commemorative t-shirts for this! Shirts with "big oof", "to the moon", and "why do you do things?" for starters.

22:22 For all non Canadians - This tax optimization Linus talked about is called RRSP (Registered Retirement Savings Plan). It's a government program to encourage people save for retirement. You get tax incentives for saving/investing money under this plan, for your own retirement. It's nothing shady. It can be, AND SHOULD BE done by every Canadian citizen or permanent resident. Edit to add: RRSP doesn't have to be in stock. It can be in a regular saving account or other types of investments depending on your needs.

You seriously don't know what you're talking about. Not only that, but Linus is an ideologue moralist, which is not surprising at all to be honest. I just can't believe someone this successful seriously said "income inequality" immediately followed by "climate change". It's like a bad parody of Marxists clowns.

Anytime trump publicly dissed an American company, I went and bought some stock of it.

Good show Linus!

Shorting stops bubbles. its fine until greedy hedge funds do this... they got caught and they should go down for it

Stick it to the man

Or you could donate that to charity instead ya know

Poll: Was he worried about: (A) $50,000 (B) His wife

They will just hedge the stock all the way up and make even more money when it does eventually fall. People need to understand that their efforts are BS, because they don't know how the stock market works. THE HEDGE FUNDS' HANDS ARE NOT TIED, they don't have to wait until they go bankrupt, they can easily hedge their position at any time.

F in the Chat for Linus 😂 if he still owns the stocks he already los 37k

How much did he initially invest?

Luke laughing is priceless. It feeds from Linus's pain. 😂 *SPOILERS* He laughs pretty much for an hour.