keith gill is not someone who does know anything about the stock market. he was a former financial educator. he seems to know a little bit about what he is doing here. for those of us who don't know anything about the stock market, is this something we should stay away from and sit back and watch? would you say people with money to spare should jump in? guest: i am skeptical because i'm an agnostic. the best you can do is to keep costs down and keep trading down, buy the index to ride the market return over the long haul. commissions have gone away in the market has never been as democratized and access is never as easy as possible. you can invest $50 in an index. there are all the services that cater to mom-and-pop out there. it is not just the province of high net worth investors anymore. i'm skeptical of a person to the game coming on and saying i found my muse in this roaring kitty or whatever form on twitter or facebook or snapchat. i will take that gospel and put money behind it. what makes you so smart you can be vindicated by that? there are many s

experts at $40.00 a share ended the week trading at $315.01 of the main drivers of the frenzy is keith gill known to most through his you tube channel roaring kitty he was recommending a game stop back in august last year game stop is an established uniquely positioned player not surprisingly this week gail and his followers were jubilant so what an incredible day and pick and that's what it is it's a regular joes versus wall street. when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it and that sentiment is shared amongst a lot a lot of people despite claiming the quiddity problem is that the stock soared mid week the online trading app robin-hood back down from its controversial decision to block users from buying game stop shares after investors and politicians protested some limits however were reimposed late friday we absolutely did not do this in the direction of the market maker or hedge fund so we're really unprecedented. in order to protect the firm protect our customers we had a few limited by. the starks some traders dispute that b

thing which which is why i was so invested in this on reddit there's one particular user called keith gill who back in summer of 2019 invested $50000.00 on game stop betting that the price would go up. now thanks to all of this frenzy that's come out around a people of a getting behind him on reddit his initial investment is worth between $30.00 and $50000000.00 so he's winning on this even if the hedge funds $100.00 so the game still investors say the short sells of the bad guys. of u.s. regulators likely to take the same view it's really hard to say because what the f.c.c. is looking out for the regulator in the us is is there any market manipulation going on here now what the rules say is extremely fuzzy you can interpret it either way but the f.c.c. has released a statement and they say that they will protect investors identify and pursue wrongdoing which is extremely fuzzy but this is the key bit they say they will watch out for anyone who hinders traders ability to trade stocks now they're referring to the likes of robin hood which put a halt on orders in order to try and you know sh

which is why wall street bets were so invested in this on reddit there's one particular user called keith gill who back in summer of 2019 invested $50000.00 on game stop betting that the price would go up. now thanks to all of this frenzy that's come out around it people have a getting behind him on reddit his initial investment is worth between $30.00 and $50000000.00 so he's winning on this even of the hedge funds and so the game still investors say the short sells are the bad guys. of u.s. regulators likely to take the same view it's really hard to say because what the f.c.c. is looking out for the regulator in the u.s. is is there any market manipulation going on here now what the rules say is extremely fuzzy you can interpret it either way but the f.c.c. has released a statement and they say that they will protect investors identify and pursue wrongdoing which is extremely fuzzy but this is the key bit they say they will watch out for anyone who hinders traders ability to trade stocks now they're referring to the likes of robin hood which put a halt on orders in order to try and you know

many credit 34-year-old keith gill as the force behind the grass roots investing effort using read it and youtube for stock tips. gill says this story is so much bigger than me. i support these retail investors and their ability to make a statement. now many officials, analysts, market experts are concerned that market turbulence may hurt individual investors. sec says, quote, it is closely monitoring and evaluating the situation. since many of these eyebrow raising trades are executed on an online platform called robinhood, that company is under extra scrutiny. >> brokerages and other financial institutions do it all the time. it is part of day to day normal operations, every day people are taking control of their financial futures in ways that people haven't before. >> reporter: young investors are taking advantage. ten-year-old jaden received shares of gamestop as a gift for kwanzaa. now he has a few,000 in profits, earning him a moment in the spotlight. >> i think of it as like something fun to do and profitable at the same time. >> reporter: if you're going to invest, experts say

keith gill, who goes by roaring kitty, has been championing gamestop for months. >> the first stock thatng to talk about is gamestop. i know it's a polarizing stock. some people won't even tune into the stream >> reporter: members of the forum began buying up the struggling stock that major traders bet would keep falling. in turn, the pros ended up losing billions while people like justin speak, a pastor and novice investor, began cashing in. >> we decided it's $35, but the upside is real high. at my last glance, those shares were worth about $3,300. >> reporter: he used the trading robinhood to make the ingestment. now the stock price plunged since thursday. >> this was an internal operational risk management decision that was firm made so we could protect the firm and protect our customers. >> reporter: the move catching the attention of lawmakers, whiles sec warned against market that minute lags. writing we will act to retail investor when's the facts demonstrate abusive or activity that is prohibited by the laws. the showdown in wall street setting the stage in washington, as congre

experts at $40.00 a share ended the week trading at $315.01 of the main drivers of the frenzy is keith gillknown to most through his you tube channel roaring kitty he was recommending a game stop back in august last year game stop is an established uniquely positioned player not surprisingly this week gail and his followers were jubilant so what an incredible day and pick and that's what it is it's the regular joes versus wall street. when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it and that sentiment is shared amongst a lot a lot of people despite claiming the quiddity problem is that the stock soared mid week the online trading app robin-hood back down from its controversial decision to block users from buying game stop shares after investors and politicians protested some limits however were reimposed late friday we absolutely did not do this in the direction of the market maker or hedge fund so we're really unprecedented times. in order to protect the firm and protect our customers we had a few limited by. the starks some traders dis

thing which which is why i was so invested in this on reddit there's one particular user called keith gill who back in summer of 2019 invested $50000.00 on game stop betting that the price would go up. now thanks to all of this frenzy that's come out around it people of a getting behind him on reddit his initial investment is worth between $30.00 and $50000000.00 so he's winning on this even if the hedge funds $100.00 so the game still investors say the short sells are the bad guys. of u.s. regulators likely to take the same view it's really hard to say because what the f.c.c. is looking out for the regulator in the u.s. is is there any market manipulation going on here now what the rules say is extremely fuzzy you can interpret it either way but the f.c.c. has released a statement and they say that they will protect investors identify and pursue wrongdoing which is extremely fuzzy but this is the key bit they say they will watch out for anyone who hinders traders ability to trade stocks now they're referring to the likes of robin hood which put a halt on orders in order to try and you kno

many are crediting 34-year-old keith gill as the force behind the grassroots investing effort using reddit and youtube to offer stock tips. in an interview with "the wall street journal," gill says this story is so much bigger than me. i support these retail investors and their ability to make a statement. now, many officials, analysts and market experts are concerned that market turbulence may hurt individual investors. the s.e.c. says, quote, it is closely monitoring and evaluating the situation. since many of these eyebrow raising trades are being executed on an online trading platform called robinhood, that company is under extra scrutiny. >> brokerages and other financial institutnstime. itt partf y-to-d nopeopleaking control of their financial futures in ways that people haven't before. >> reporter: even young investors are taking advantage. 10-year-old jaden received shares of gamestop as a gift for kwanzaa, and now he has a few thousand dollars in profits earning him a moment in the spotlight. >> i think of it as like something fun to do and profitable at the same time. >> reporter

keith gill is not someone who does know anything about the stock market.was a former financial educator. he seems to know a little bit about what he is doing here. for those of us who don't know anything about the stock market, is this something we should stay away from and sit back and watch? would you say people with money to spare should jump in? guest: i am skeptical because i'm an agnostic. the best you can do is to keep costs down and keep trading down, buy the index to ride the market return over the long haul. commissions have gone away in the market has never been as democratized and access is never as easy as possible. you can invest $50 in an index. there are all the services that cater to mom-and-pop out there. it is not just the province of high net worth investors anymore. i'm skeptical of a person to the game coming on and saying i found my muse in this roaring kitty or whatever form on twitter or facebook or snapchat. i will take that gospel and put money behind it. what makes you so smart you can be vindicated by that? there are many super

keith gill, who goes by roaring kitty, has been championing gamestop for months. >> the first stock that i'm going to talk about is gamestop. and i know it's a polarizing stock. some people won't even tune into the stream. >> reporter: members of the forum began buying up the struggling stock that major traders bet would keep falling. in turn, the pros ended up losing billions while people like justin speak, a pastor and novice investor, began cashing in. >> we decided it's $35, but the up side is real high. at my last glance, those shares were worth about $3,300. >> reporter: he used trading app robinhood to make the investment, now facing backlash for blocking trading on gamestop shares, sending the stock price plunging thursday and has since loosened restrictions. >> this was an internal operational risk management decision that was made so that we could protect the firm and protect our customers. >> reporter: the move catching the attention of lawmakers. while the s.e.c. warns against market manipulation, writing in part, "we will act to protect retail investors when the facts demons

an interview with the wall street jury room today keith gill is his name, telling the jury room he'sy and expressed a sense of amazement about what happened saying quote i thought this trade would be successful but i never expected what happened last week. his mother weighed in saying quote he always liked money, telling the jury room he first got into game stop when the stock was about $5 a share the stock finished higher at $325 a share what i found interesting about his article. he wasn't looking to start a movement, although that's obviously what it became and for all the people saying this isn't fundamentally driven, his original rational was fundamentally driven and correct. he said people were saying this was the next blockbuster and he didn't see it that way thought there was an opportunity for the retailer and that it looked cheap >> some distance from the move from $5 up through, i don't know, you want to call it $40, 50, whatever the number is, there absolutely was a big case. michael was long in the stock. but at some point it got detachtd from that now it's mostly about