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GAMESTOP: Wall Street Bets Strategy - Gary on LBC with Tom Swarbrick

February 07, 2021
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people<00:00:00.399> have<00:00:00.480> started<00:00:00.719> to<00:00:00.880> see<00:00:01.280> you<00:00:01.360> know

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people have started to see you know

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people have started to see you know whatever<00:00:02.240> seems<00:00:02.399> to<00:00:02.480> happen<00:00:02.720> with<00:00:02.879> the<00:00:02.960> real

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whatever seems to happen with the real

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whatever seems to happen with the real economy

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economy

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economy stock<00:00:03.919> prices<00:00:04.240> go<00:00:04.400> up<00:00:05.040> if<00:00:05.120> the<00:00:05.200> economy's

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stock prices go up if the economy's

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stock prices go up if the economy's strong<00:00:05.839> stock<00:00:06.080> price<00:00:06.319> to<00:00:06.399> go<00:00:06.480> up<00:00:06.560> if<00:00:06.640> the

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strong stock price to go up if the

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strong stock price to go up if the economy<00:00:07.040> is<00:00:07.120> weak

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economy is weak

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economy is weak stock<00:00:07.759> prices<00:00:08.160> go<00:00:08.240> up<00:00:08.480> even<00:00:08.639> though<00:00:08.800> wages

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stock prices go up even though wages

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stock prices go up even though wages never<00:00:09.440> seem<00:00:09.679> to<00:00:09.760> go<00:00:09.920> up<00:00:10.080> so

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never seem to go up so

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never seem to go up so ordinary<00:00:11.200> people<00:00:11.519> they<00:00:11.679> want<00:00:11.759> to<00:00:11.840> get

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ordinary people they want to get

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ordinary people they want to get involved<00:00:12.400> in<00:00:12.480> this<00:00:13.040> more<00:00:13.200> and<00:00:13.280> more<00:00:13.440> people

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involved in this more and more people

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involved in this more and more people especially<00:00:14.320> this<00:00:14.480> year<00:00:14.799> probably<00:00:15.200> because

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especially this year probably because

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especially this year probably because people<00:00:15.759> are<00:00:15.839> stuck<00:00:16.080> at<00:00:16.160> home<00:00:16.320> and<00:00:16.400> can't<00:00:16.640> do

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people are stuck at home and can't do

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people are stuck at home and can't do anything<00:00:17.039> else<00:00:17.279> and<00:00:17.600> often<00:00:17.920> because<00:00:18.240> people

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anything else and often because people

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anything else and often because people are<00:00:18.640> stuck<00:00:18.800> and<00:00:18.880> can't<00:00:19.039> make<00:00:19.199> a<00:00:19.279> good<00:00:19.520> income

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are stuck and can't make a good income

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are stuck and can't make a good income they're<00:00:20.320> at<00:00:20.400> home<00:00:20.640> trying<00:00:20.720> to<00:00:20.800> work<00:00:21.039> out<00:00:21.119> how

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they're at home trying to work out how

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they're at home trying to work out how can<00:00:21.439> i<00:00:21.520> make<00:00:21.680> money<00:00:21.840> from<00:00:22.000> the<00:00:22.080> stock<00:00:22.240> market

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can i make money from the stock market

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can i make money from the stock market so<00:00:23.359> they're<00:00:23.519> doing<00:00:23.760> what<00:00:23.840> you<00:00:24.000> or<00:00:24.080> i<00:00:24.240> would<00:00:24.320> do

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so they're doing what you or i would do

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so they're doing what you or i would do though<00:00:24.640> on<00:00:24.720> the<00:00:24.800> internet<00:00:25.119> they're<00:00:25.279> searching

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though on the internet they're searching

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though on the internet they're searching it<00:00:25.760> and<00:00:25.840> they're<00:00:26.000> often<00:00:26.240> ending<00:00:26.480> up<00:00:26.640> on<00:00:26.720> this

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it and they're often ending up on this

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it and they're often ending up on this page<00:00:27.119> of<00:00:27.199> reddit<00:00:27.599> which<00:00:27.760> is<00:00:27.840> an<00:00:28.000> internet

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page of reddit which is an internet

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page of reddit which is an internet messaging<00:00:28.800> board<00:00:29.119> which<00:00:29.279> has<00:00:29.920> they<00:00:30.080> talked

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messaging board which has they talked

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messaging board which has they talked about<00:00:30.400> loads<00:00:30.640> of<00:00:30.720> different<00:00:30.960> stuff<00:00:31.199> on<00:00:31.279> there

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about loads of different stuff on there

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about loads of different stuff on there but<00:00:31.599> there's<00:00:31.760> a<00:00:31.840> big<00:00:32.079> section<00:00:32.399> which<00:00:32.640> is

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but there's a big section which is

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but there's a big section which is basically<00:00:33.040> devoted<00:00:33.440> to<00:00:33.600> talking<00:00:33.920> about<00:00:34.239> the

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basically devoted to talking about the

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basically devoted to talking about the stock<00:00:34.559> markets<00:00:34.960> financial<00:00:35.360> markets<00:00:35.760> by<00:00:35.920> the

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stock markets financial markets by the

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stock markets financial markets by the way<00:00:36.160> money

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way money

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way money that<00:00:37.040> section's<00:00:37.440> called<00:00:37.600> wall<00:00:37.760> street<00:00:38.000> bets

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that section's called wall street bets

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that section's called wall street bets but<00:00:38.480> there's<00:00:38.719> all<00:00:38.800> these<00:00:39.040> guys<00:00:39.280> they<00:00:39.440> want<00:00:39.600> to

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but there's all these guys they want to

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but there's all these guys they want to make<00:00:39.760> money<00:00:40.000> from<00:00:40.160> the<00:00:40.239> financial<00:00:40.640> market

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make money from the financial market

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make money from the financial market how<00:00:42.079> do<00:00:42.239> we<00:00:42.320> do<00:00:42.559> it<00:00:43.280> they're<00:00:43.520> on<00:00:43.600> this<00:00:43.760> place

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how do we do it they're on this place

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how do we do it they're on this place wall<00:00:44.079> street<00:00:44.320> bets<00:00:44.640> and<00:00:44.800> there's

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wall street bets and there's

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wall street bets and there's some<00:00:45.440> guys<00:00:45.680> on<00:00:45.760> there<00:00:45.920> who<00:00:46.079> are<00:00:46.239> very<00:00:46.480> well

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some guys on there who are very well

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some guys on there who are very well informed<00:00:47.360> and<00:00:47.520> they've<00:00:48.000> picked<00:00:48.239> this

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informed and they've picked this

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informed and they've picked this company<00:00:48.960> gamestop<00:00:50.000> now<00:00:50.320> gamestop<00:00:50.879> has<00:00:51.039> been

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company gamestop now gamestop has been

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company gamestop now gamestop has been picked<00:00:52.480> out<00:00:52.640> by<00:00:52.719> a<00:00:52.800> number<00:00:52.960> of<00:00:53.039> hedge<00:00:53.280> funds

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picked out by a number of hedge funds

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picked out by a number of hedge funds saying<00:00:53.840> that<00:00:53.920> this<00:00:54.079> is<00:00:54.160> a<00:00:54.239> weak<00:00:54.399> company<00:00:54.800> it's

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saying that this is a weak company it's

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saying that this is a weak company it's going<00:00:55.039> to<00:00:55.120> fall

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going to fall

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going to fall so<00:00:55.920> like<00:00:56.079> we<00:00:56.239> discussed<00:00:56.559> before<00:00:57.039> dead<00:00:57.280> short

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so like we discussed before dead short

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so like we discussed before dead short sold<00:00:57.920> in<00:00:58.079> stock<00:00:58.399> trying<00:00:58.559> to<00:00:58.640> make<00:00:58.879> money

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sold in stock trying to make money

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sold in stock trying to make money as<00:00:59.680> it<00:00:59.760> goes<00:01:00.000> down<00:01:00.960> these<00:01:01.199> people<00:01:01.520> on<00:01:01.600> the

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as it goes down these people on the

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as it goes down these people on the internet<00:01:02.079> already

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internet already

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internet already they've<00:01:02.800> realized<00:01:03.280> these<00:01:03.520> guys<00:01:03.760> have<00:01:03.840> sold<00:01:04.159> so

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they've realized these guys have sold so

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they've realized these guys have sold so much<00:01:04.879> if<00:01:05.040> we<00:01:05.199> go<00:01:05.439> in

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much if we go in

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much if we go in as<00:01:06.240> a<00:01:06.320> big<00:01:06.560> group<00:01:06.799> and<00:01:06.960> buy<00:01:07.200> all<00:01:07.280> of<00:01:07.439> the<00:01:07.520> stock

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as a big group and buy all of the stock

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as a big group and buy all of the stock these<00:01:08.640> short<00:01:08.880> sellers<00:01:09.360> when<00:01:09.600> they

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these short sellers when they

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these short sellers when they come<00:01:10.320> to<00:01:10.479> time<00:01:10.640> they<00:01:10.720> have<00:01:10.880> to<00:01:10.960> repay<00:01:11.520> their

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come to time they have to repay their

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come to time they have to repay their loans<00:01:12.000> on<00:01:12.159> stock<00:01:12.479> remember<00:01:12.720> they've<00:01:12.880> borrowed

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loans on stock remember they've borrowed

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loans on stock remember they've borrowed stock<00:01:13.520> yeah

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stock yeah

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stock yeah we<00:01:14.159> load<00:01:14.400> all<00:01:14.479> the<00:01:14.640> stock<00:01:15.119> they<00:01:15.280> won't<00:01:15.520> be<00:01:15.600> able

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we load all the stock they won't be able

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we load all the stock they won't be able to<00:01:15.759> get<00:01:15.920> any<00:01:16.080> stock<00:01:16.640> and

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to get any stock and

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to get any stock and they<00:01:17.360> will<00:01:17.439> be<00:01:17.600> forced<00:01:17.920> to<00:01:18.000> buy<00:01:18.159> the<00:01:18.320> stock

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they will be forced to buy the stock

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they will be forced to buy the stock from<00:01:18.720> us<00:01:18.960> at<00:01:19.040> whatever<00:01:19.360> price<00:01:19.759> we<00:01:19.920> ask<00:01:20.159> for

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from us at whatever price we ask for

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from us at whatever price we ask for basically

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basically

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basically does<00:01:21.439> that<00:01:21.520> make<00:01:21.680> sense<00:01:22.320> because<00:01:22.720> because

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does that make sense because because

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does that make sense because because they've<00:01:24.080> they've

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they've they've

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they've they've they<00:01:25.200> keep<00:01:25.600> buying<00:01:25.920> it<00:01:26.159> even<00:01:26.400> though<00:01:26.720> it's

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they keep buying it even though it's

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they keep buying it even though it's very<00:01:27.119> very<00:01:27.360> low<00:01:27.520> because<00:01:27.840> the<00:01:28.080> hedge<00:01:28.320> funds

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very very low because the hedge funds

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very very low because the hedge funds have<00:01:28.640> said<00:01:28.880> this<00:01:29.040> is<00:01:29.119> going<00:01:29.280> nowhere<00:01:29.600> this

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have said this is going nowhere this

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have said this is going nowhere this company<00:01:30.079> is<00:01:30.240> dead

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company is dead

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company is dead they<00:01:31.200> buy<00:01:31.439> and<00:01:31.520> buy<00:01:31.680> in<00:01:31.759> the<00:01:31.840> more<00:01:32.000> they<00:01:32.159> buy

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they buy and buy in the more they buy

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they buy and buy in the more they buy the<00:01:32.400> more<00:01:32.560> the<00:01:32.720> price<00:01:32.960> rises<00:01:33.280> and<00:01:33.439> at<00:01:33.520> some

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the more the price rises and at some

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the more the price rises and at some stage<00:01:34.079> the<00:01:34.240> hedge<00:01:34.479> funds<00:01:34.799> have<00:01:34.960> to<00:01:35.119> buy<00:01:35.360> those

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stage the hedge funds have to buy those

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stage the hedge funds have to buy those stocks<00:01:36.240> back<00:01:37.119> exactly<00:01:37.520> because<00:01:37.759> they

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stocks back exactly because they

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stocks back exactly because they borrowed<00:01:38.240> the<00:01:38.320> stock<00:01:38.560> the<00:01:38.640> hedge<00:01:38.799> fund<00:01:38.960> is

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borrowed the stock the hedge fund is

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borrowed the stock the hedge fund is borrowed<00:01:39.280> just<00:01:39.439> like<00:01:39.600> if<00:01:39.759> you<00:01:39.920> borrow<00:01:40.240> you

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borrowed just like if you borrow you

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borrowed just like if you borrow you know<00:01:40.479> a<00:01:40.560> book<00:01:40.720> in<00:01:40.799> the<00:01:40.880> library

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know a book in the library

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know a book in the library you've<00:01:41.840> got<00:01:42.000> to<00:01:42.079> you've<00:01:42.240> got<00:01:42.399> to<00:01:42.479> pay<00:01:42.720> you've

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you've got to you've got to pay you've

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you've got to you've got to pay you've got<00:01:42.880> to<00:01:42.960> give<00:01:43.119> it<00:01:43.200> back<00:01:43.759> these<00:01:44.000> guys<00:01:44.159> have

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got to give it back these guys have

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got to give it back these guys have borrowed<00:01:44.479> it<00:01:44.560> and<00:01:44.640> they<00:01:44.799> sold<00:01:45.040> it<00:01:45.200> but<00:01:45.360> they

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borrowed it and they sold it but they

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borrowed it and they sold it but they need<00:01:45.520> to<00:01:45.600> give<00:01:45.759> it<00:01:45.840> back

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need to give it back

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need to give it back so<00:01:46.320> they<00:01:46.399> don't<00:01:46.560> have<00:01:46.720> it<00:01:47.360> ready<00:01:47.680> has<00:01:47.759> gone<00:01:48.000> in

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so they don't have it ready has gone in

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so they don't have it ready has gone in bought<00:01:48.399> all<00:01:48.560> of<00:01:48.720> it<00:01:49.040> so<00:01:49.200> when<00:01:49.439> these<00:01:49.680> guys

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bought all of it so when these guys

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bought all of it so when these guys come<00:01:50.880> when<00:01:51.040> it<00:01:51.119> comes<00:01:51.360> that<00:01:51.439> they<00:01:51.600> need<00:01:51.759> to

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come when it comes that they need to

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come when it comes that they need to give<00:01:52.159> the<00:01:52.320> stock<00:01:52.560> back<00:01:53.200> they<00:01:53.360> don't<00:01:53.439> have<00:01:53.600> any

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give the stock back they don't have any

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give the stock back they don't have any stock

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stock

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stock and<00:01:54.159> they<00:01:54.320> basically<00:01:54.640> have<00:01:54.799> to<00:01:54.880> pay<00:01:55.040> whatever

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and they basically have to pay whatever

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and they basically have to pay whatever these<00:01:55.600> guys<00:01:56.159> already<00:01:56.560> asked<00:01:56.719> for<00:01:56.880> it<00:01:56.960> but

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these guys already asked for it but

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these guys already asked for it but ready<00:01:57.439> are<00:01:57.520> not<00:01:57.680> selling<00:01:58.000> it

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ready are not selling it

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ready are not selling it they're<00:01:58.880> just<00:01:59.280> insisting<00:01:59.759> that<00:01:59.840> whatever

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they're just insisting that whatever

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they're just insisting that whatever they'll<00:02:00.320> do<00:02:00.399> they'll<00:02:00.560> buy<00:02:00.799> it<00:02:00.880> and<00:02:01.040> the<00:02:01.280> the

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they'll do they'll buy it and the the

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they'll do they'll buy it and the the increase<00:02:01.920> has<00:02:02.000> been<00:02:02.240> phenomenal

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increase has been phenomenal

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increase has been phenomenal i<00:02:02.880> think<00:02:03.040> it's<00:02:03.200> gone<00:02:03.439> up<00:02:03.840> i<00:02:03.920> mean<00:02:04.079> it<00:02:04.159> changed

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i think it's gone up i mean it changed

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i think it's gone up i mean it changed every<00:02:04.640> time<00:02:04.799> you<00:02:04.880> look<00:02:04.960> at<00:02:05.040> it<00:02:05.119> but<00:02:05.200> last<00:02:05.360> time

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every time you look at it but last time

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every time you look at it but last time i<00:02:05.680> looked<00:02:05.920> up<00:02:06.000> it<00:02:06.079> was<00:02:06.320> up

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i looked up it was up

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i looked up it was up thousand<00:02:07.439> seven<00:02:07.680> hundred<00:02:07.920> percent<00:02:08.239> in<00:02:08.399> two

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thousand seven hundred percent in two

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thousand seven hundred percent in two weeks<00:02:08.800> and<00:02:08.959> it's<00:02:09.039> simply<00:02:09.360> because<00:02:09.599> these<00:02:09.840> guys

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weeks and it's simply because these guys

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weeks and it's simply because these guys aren't<00:02:10.479> refusing<00:02:10.959> to<00:02:11.120> sell<00:02:11.280> they're<00:02:11.440> just

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aren't refusing to sell they're just

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aren't refusing to sell they're just buying<00:02:11.920> pushing<00:02:12.319> up

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buying pushing up

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buying pushing up the<00:02:12.959> idea<00:02:13.280> is<00:02:13.360> you<00:02:13.440> push<00:02:13.680> it<00:02:13.760> up<00:02:14.239> and<00:02:14.400> then

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the idea is you push it up and then

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the idea is you push it up and then these<00:02:14.959> hedge<00:02:15.280> funds

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these hedge funds

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these hedge funds will<00:02:15.920> be<00:02:16.080> forced<00:02:16.319> to<00:02:16.480> buy<00:02:16.720> at<00:02:17.040> basically

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will be forced to buy at basically

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will be forced to buy at basically whatever<00:02:17.920> price<00:02:18.239> you<00:02:20.840> are

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whatever price you are

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whatever price you are you