uh, exactly Jill. So often times in the past, we've heard the word casino thrown around a time for people who distrusted the stock market. Now the word seems to be game. Is this now a game and Wall Street bets, appearing to be the biggest culprit here in generating excitement around this particular stock? Gamestop. It's a game stop. It's a forum online community on social media site Reddit, and it's in full on celebration mode right now. So memes are filling the site as these investors are telling followers to hold on to their Gamestop stock and squeeze out the short sellers people who are basically betting against the stock because it's not profitable. So if you don't know Wall Street bets, it is essentially a gathering place where investors and day traders swap ideas, beams and a lot of inappropriate for TV jokes, to be quite honest, to drum up support for their investing positions. But if you accuse the users of market manipulation, you will be quickly corrected as they claim. Hedge funds and other big institutional investors have been manipulating the markets for decades and blame news outlets like CNBC, for instance, for protecting them through their coverage. So Gamestop isn't the first rodeo for Wall Street beds. Previously, the community has garnered enough support for abrupt runups in companies like Palantir, Tesla and now BlackBerry, among others this morning, like AMC and Bed Bath and Beyond. And while the joking on the subreddit is rampant, the bets being placed on these stocks are nothing to snicker about. Routinely, you'll see posts bragging about six figure gains overnight by way of risky options, trading the biggest names in tech. Also encouraging the buying spree. Tesla CEO Elon Mosque excitedly tweeting game stunk after the market closed yesterday and sharing the link toe Wall Street bets with his followers. He's got reason to support, squeezing out short sellers of Gamestop. Melvin Capital, which has suffered staggering losses at the hands of these traders, had also held a short position on Tesla's. So perhaps a little bit of a vendetta here about Ulan Mosque. I think it's a really good point, Jill. Um, there's so much to cover here. Let's move on to some other well known names. Um, figures, business figures who are Chinese as well. Silicon Valley start Jamaat that Palihapitiya, um, asking his followers where he should direct a few $100,000 in the market. He did, by 50 call options for game staff at $115. Strike price. It does expire in February, and this validation from such a public figure sent the already storing stock into a frenzy and that trade turning out to actually be a wise one. I mean, even the Winkle Voss twins are supporting the market excitement. Tyler Winklevoss tweeting out that the Gamestop Army is winning the war, echoing a sentiment that is shared on Wall Street bets. Uh, it's a tug of war between the traditional pillars of institutional investing and the power of individuals collectively generating hype around a particular company through social media. So Tesla isn't necessarily a stock that is wildly moving today. But Jill this has been the conversation, as you and I know for years that Tesla's stock has, well, long been one of the most controversial stocks on Wall Street. I mean, I think you could even say that Tesla might have started this war between the Bears and the bulls eye honestly, the institutional money in some of the day traders years ago, and that staff has been detached from fundamentals Tesla for years. And now, suddenly today, it's not just Gamestop. It's at least half a dozen shares that are on a wild ride. And I think it's worth noting these air, not tiny micro cap companies, these air very big, well known companies, some of them unfortunately not making profits. Which is why you question such these gains and why it seems like it has turned into a game for some of the stocks. Well, on that note, I'm just glad you mentioned the fundamentals here. I mean, the fundamentals just to point out the obvious. Clearly, do not support Game stops. Historic Rise From August 2019 to October of 2020. Andi I'm reading from market snacks. Gamestop saw less than $3 billion in sales and actually lost nearly $300 million. Um, you just have to think about the fact that this is a retailer with a huge brick and mortar presence. Eso just when you on face value, right? If you there's a reason that you can imagine some of these institutional investors shorted the stock because on face value, it is not a company that would do well, particularly during a pandemic. When people are buying games online, you don't have to physically go and buy a game anymore. Like when we were kids and you went and you bought a Nintendo game and whatnot. So, um, the fundamentals just don't support this rally on, then The question is, how long can it last? And what is going to happen if this Doc does come back to reality? You know who's gonna lose money here, besides, for the people that shorted it, right? Besides, for this institutional investor like milk in what happens to some of these investors who are driving up the price, you know who's gonna be the last one to get out? Yeah, I think all really, really good points. And as much as the big money bets on Games, Street game stops Downfall As much of the big institutional hedge funds a do bet that Gamestop is actually gonna fall, investors on the Wall Street Bets Page are sharing their impossibly large gains from what they call YOLO plays. You only live once, so the reddit user said. One reddit user said that they were in tears, quote already, life changing money is turning into destiny, changing money from 10,000 to 750,000 on Gamestop and in all caps. Still holding all right, another major investors saying that they were initially down $2.5 million on Gamestop after buying yesterday's peak. But that story soon changed, and that loss turned into a $7.8 million gate. Another users saying that they started their account with just over $2000 in December and through aggressive options trading strategies on Gamestop with a $40 strike price, their portfolio now worth more than 600 $1000. So guess what? You don't have to necessarily be a big institution, like a hedge fund to trade money. Anyone can do it. But I think definitely Jill, this is gonna have regulators sniffing it out a little bit. Gary Gensler is Joe Biden's pick to run the SEC, and certainly you have to expect that once he is officially confirmed by the Senate, this will be at the top of his desk to make sure that the that the stock market has not become a game per se because again, the concern here is that this is going to impact the long term investor. Someone who has a retirement account or even just say, for instance, holds the S and P 500 V and E T. F our mutual fund for long term gains in a brokerage account. Because a stock like Tesla's on this has been playing down. Tesla's we mentioned for years is now one of the biggest holdings in the S and P 500. So that's why I stress that these air well known companies, well known names, thes air, not tiny little micro caps, for instance that wouldn't necessarily be held in some of the biggest funds and portfolios out there. And the SEC has got its work cut out for it because they have to prove here market manipulation, shin and malfeasance. It's hard. It's hard for them to prove that that's what's going on here for anyone who is looking for the SEC to step in. I think it's a really good point, and a lot of these companies you mentioned, the fundamentals don't make sense. Bed Bath expected to be profitable in 2022 according to financial analysts data. But for these other companies, it's at least 2023 or beyond that, they could actually see some profitability