Beret (Bourree) Lam

speaker

435 appearances 6 recordings 1 series first heard Apr 2020 last heard Jan 2024

Beret (Bourree) Lam’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · GameStop: What to Know Before Jumping In · 2 Feb 2021 podcast

So, yeah, this is a question we've been getting from a lot of people who may be feeling some FOMO, some fear of missing out when they're sitting on the sidelines with their stimulus money and watching these extraordinary gains in these hot stocks, GameStop, AMC, BlackBerry.

But as you can see, the day to day changes can be really dramatic in either direction.

You know, these stocks can go way up or way down.

And so that's what I think that people who are sort of fighting the urge to jump in should really think a little more about is that right now jumping into GameStop because of peer pressure or because you're seeing this fun party online that you want to be part of.

This is really not going to produce returns for you.

It's a gamble and you should be prepared to lose that investment.

And I'm seeing that there's people who want to buy in solidarity of these Reddit traders.

They call themselves the one-share club or the two-share club.

They're just buying not to move the market, but just to show solidarity with these traders.

And so if you're doing that and not treating it as an investment...

then that's your call in terms of if you want to make that bet, knowing that you can lose that one share or two shares value entirely.

So for example, GameStop ended Monday's trading session at 225 a share.

So if you're going to be part of this one share club, putting 225 into GameStop, then you should

Be prepared to lose that 225.

And so if you're okay with that, then that's something that's where you have to start from if you're considering being part of the one-share club or two-share club.

GameStop is a very...

specific case right now.

And you know, that's part of the reason so many people want in.

But its rise is not based on business fundamentals.

It's rooted in technical factors and momentum.

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