DEFENSE.>> FASCINATING, SCOTT, THANK YOU VERY MUCH. >>> MONDAY WAS A ROARING KITTY THAT CAUSED STOCK FOR GAME STOP TO CLOSE UP 74%. WE ARE NOT BEING CUTE, THIS ONE TAKES SOME EXPLAINING. IN JUNE 2020, ROARING KITTY POSTED HE THOUGHT GAME STOP WAS UNDERVALUED. HIS POSITION GAINED TRACTION FROM USERS ON REDDIT, WHERE HE POSTED UNDER THE THREAD WALL STREET BETS. STOP REPORTED MAJOR LOSSES AT THE END OF 2020, PARTIALLY BLAMED ON THE PANDEMIC. TRADITIONAL TRADERS WOULD HAVE SOLD, CHATTER ABOUT ROARING KITTY'S POSITION PICKS UP. HE SAW A BARGAIN, AND THE CHAOTIC BUYING FRENZY ENSUED. GAME STOCK - - GAME STOP SHARES JUMPED BY 1000%. ANALYSTS THAT ON THE FINANCIAL DECLINE OF GAME STOP AND LOST BILLIONS. GAME STOCK - - GAME STOP TRADING HAS LARGELY SLOWED DOWN. RORY - - ROARING KITTY WASN'T POSTING OR ROARING ANYMORE, THAT WAS UNTIL SUNDAY, WHEN HE POSTED THE NAME OF A MAN SITTING IN A CHAIR, MEANT TO EXPRESS WHEN A MAN HAS LOCKED IN OR BECOME FOCUSED. JOINING ME NOW IS THE CHIEF EDITOR AND CORRESPONDENT, THANK YOU FOR BEING WITH US. NOW THAT WE HAVE GOTTEN THROUGH THE PRELIMINARIES, FIRST, MARTIN, APPARENTLY SOME PEOPLE THOUGHT LOCKED IN MEANT THAT'S A BUYING SIGNAL FOR GAME STOP, OBVIOUSLY.>> IT'S A BIT LIKE WILLY WONKA RETURNING TO THE FACTORY, IT COULD MEAN VIRTUALLY ANYTHING. ULTIMATELY IT'S A SIGN THAT MAYBE SOMEONE HAD SPOTTED SOME VALUE IN JANUARY 2021, POSTING THIS IMAGE, WHICH I'M TOLD IS SIGNIFICANT IMAGERY WITH RESPECT TO THE GAMING COMMUNITY. THERE WOULD BE NO OTHER INFORMATION PROVIDED. AGAIN, BY THE END OF THE DAY, THEY ADDED ABOUT $4 BILLION TO THE MARKET CAP. >> THE SECURITIES AND EXCHANGE COMMISSION DID VOTE IN 2023 TO ADOPT NEW RULES TO TRY TO PROTECT THE MARKET FROM THE MEAN STOCK TRADING TREND. WHAT DID THE S.E.C. DO? DID IT WORK? COULD IT AFFECT WHAT HAPPENS TODAY?>> IT MIGHT DO, ALTHOUGH THERE IS SOME CONFLICTING REGULATION WITH RESPECT TO THE OPINION AND INFLUENCE IT COULD HAVE WITH REGARD TO THE STOCK. IN OTHER CASES, TRADITIONAL PUMP AND DUMP ACTIVITIES HAVE BEEN PROVEN TO BE LEGAL. THE FACT THERE WASN'T ANY SPECIFIC REFERENCE TO GAME STOP MIGHT CREATE SOME WIGGLE ROOM. THEY WILL PROBABLY MOVE THROUGH VERY QUICKLY IF THIS CONTINUES. IT DOES PUT RETAIL INVESTORS AT RISK, AND THAT'S THE WRONG THING TO DO RIGHT NOW WITH THE MARKET FLOATING AT AN ALL-TIME HIGH.>> JUST TO HELP PEOPLE FOR WHOM THIS IS ALL NEW INFORMATION, THEY MIGHT KNOW SOMETHING ABOUT INSIDER TRADING, WHERE YOU HAVE GOOD INFORMATION ON A COMPANY BEFORE THE PUBLIC DOES, AND THAT'S ILLEGAL, BECAUSE THE BUCKET RELIES ON PERFECT INFORMATION. THAT'S NOT WHAT WE ARE TALKING ABOUT HERE. THERE IS NO SUGGESTION THAT ROARING KITTY HAS SPECIAL INFORMATION. >> THAT'S PRECISELY RIGHT, IN THE END, HE IS RELIANT ON THE FACT INVESTORS WILL FOLLOW HIM TO THE UPSIDE. I WOULDN'T GO AS FAR AS TO DESCRIBE IT AS A PONZI SCHEME, BUT I WOULD SAY THAT THE MOMENTUM OF THIS STOCK IS ONE THAT IS MORE POWERFUL, THE FUNDAMENTALS OF THIS COMPANY ARE EXTREMELY WEAK, AND HAVE BEEN GETTING WEAKER, WITH SALES BEING 24% LOWER THAN THEY WERE LAST YEAR. THE VIDEO GAME MARKET IS IN THE DOLDRUMS. THERE IS A LOT TO LIKE ABOUT THE STOCK AFTER THE MOMENTUM. IF YOU WERE IN THE OPTIONS MARKET, AND YOU'VE SEEN THE FINANCIAL MARKETS, ALL YOU NEED IS A FEW HOURS, OR A FEW MINUTES TO LOCK IN A TRADE.
