Beret (Bourree) Lam

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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

And that's what makes this buy so different from anything else you can buy on the market right now.

That's where I think it's worth reading a little bit about what the genesis of this bet is, right?

So, you know, to hear it from Wall Street Bets, the popular Reddit forum, they made the investment together because GameStop was heavily shorted and they wanted to do a short squeeze.

So what comes next now that momentum has kicked in?

Right.

So momentum is a double edged sword.

It can really make stocks go up or really amplify losses.

So that's where I think you really need to do a little reading about momentum is.

Momentum pushing these stocks up and also a lot of people on these forums are saying we'll all sell at a thousand together.

Like that's one of the rallying cries on these Reddit message boards.

And that's a hard thing to do because if everyone's selling, who is going to buy those shares?

So I think investors need to think really carefully about that kind of plan if that's what they're thinking.

So there's a couple problems with this strategy, if you can call it that, that will all sell when it gets to 1,000.

First of all, we're really far off from that.

Even with the January 1,600% gain in GameStop, we were just over 300.

So to get to 1,000, it's kind of out there.

But the other thing to remember about this so-called strategy of everyone selling at 1,000 is that stock prices change as people sell their shares.

And so if everyone sells at 1,000, not everyone will be able to sell at 1,000.

And so I think that's, you know, a hard thing to think about, perhaps.

But the other side of this is that someone has to buy if you want to sell.

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