InterviewTime -05- Justin Horn - $GME part II Cohen's Cone Koan
Episode notes
At 11:57 AM on Wednesday, February 24th, six days after the House Committee on Financial Services held a public hearing on the GameStop trade, activist GameStop investor, Ryan Cohen, tweeted a cryptic photo of a McDonald’s soft-serve ice cream cone with a frog emoji. The stock price jumped from $44.70 to $91.71 a share, and $30 Million worth of trades happened in the final hour of the market that day. On Thursday the 25th, the stock soared to a daily high of $183 a share and 145 million shares were exchanged on the heaviest day of trading since January, 26th. Within 24 hours of Cohen’s tweet, GameStop had gained roughly $4.4 billion in value. Philosopher, Justin Horn, returns to discuss the evolution of the GameStop Trade, the fall-out from the congressional hearings, the real meaning of Cohen’s ice cream cone, and how social media, and newfound accessibility for retail investors, is creating a disruptive era of volatility and opportunity in the stock market.
DISCLAIMER: The following program is an interview and discussion whose sole purpose was to better understand, from a cultural perspective, an unprecedented, and what may prove to be, historic situation, as it was unfolding. Neither the producer, nor the host, nor the guest, are financial services professionals. Nothing in this episode should be interpreted as investment advice. No investment decisions should be made from listening to the content of this program. Listeners should always practice their own careful due diligence research before making any investment decision.
LINKS
Ryan Cohen's Tweet
https://twitter.com/ryancohen/status/1364650709669601289
r/GME
r/wallstreetbets
https://www.reddit.com/r/wallstreetbets/
GME Interactive Stock Chart w/ MACD Indicator https://finance.yahoo.com/quote/GME/chart/
VIDEO
House Committee on Financial Services- Full GameStop Hearings https://youtu.be/D7N4S_FKMq4
CNBC
Moving Average Convergence Divergence (MACD) - TA Explained https://www.youtube.com/watch?v=RU8gIjWDPbg
Binance Academy
READ
06/20/2013 Wired Magazine: Richard Dawkins on the Internet's Hijacking of the Word "Meme"
By Olivia Solon
https://www.wired.co.uk/article/richard-dawkins-memes
01/28/21 The New Yorker: The GameStop Saga is Dangerous and All Too Familiar
By John Cassidy
https://www.newyorker.com/news/our-columnists/the-gamestop-saga-is-dangerous-and-all-too-familiar
02/18/21 WSJ: Lawmakers Home In on Role Top Executives Played in GameStop Frenzy
By Juliet Chung
https://www.wsj.com/livecoverage/gamestop-stock-hearing-keith-gill-reddit-robinhood
CREDITS
Guest: Justin Horn
Producer/ Host: Mike Baron
Music: Olle Kö
Recorded at Studio42 | Los Angeles