Business
In this episode we delve into an issue that has become an absolute obsession of ours - GameStop. This story is the intersection of the stock market, retail investors and social media. Since cannabis is a retail dominated industry with a heavy presence on reddit, we can draw some great parallels to what we are seeing play out. There are many lessons to be learned here as our community is very likely to see an influx of retail investors in the near future. In this episode: 1) What happened? The Perfect Storm 2) Digging Deeper - looking past the obvious 3) Overcoming the initial emotional reaction 4) Robinhood, WeBull, Interactive Brokers & DTCC 5) Thinking about the end game 6) Lessons learned for cannabis investors 7) The dangers of reddit to making good investment decisions 8) So what? How to prepare ourselves for our "GameStop moment" Links & Resources referenced: Roaring Kitty / Deep Value GME Investment Thesis: https://www.youtube.com/watch?v=alntJzg0Um4&ab_channel=RoaringKitty Interactive Brokers Chairman worried about integrity of system: https://www.youtube.com/watch?v=7RH4XKP55fM&ab_channel=CNBCTelevision WeBull CEO says Clearing House restricted trading by increasing collateral: https://www.youtube.com/watch?v=lJ8AfbjW_A8&ab_channel=BloombergMarketsandFinance DTCC Clearing Naked Short History: https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation#Naked_short_selling