{"id":300723,"date":"2024-05-16T03:23:45","date_gmt":"2024-05-16T08:23:45","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wolf-of-wall-street-jordan-belfort-warns-of-gamestop-stock-craze-return"},"modified":"2024-05-16T03:24:04","modified_gmt":"2024-05-16T08:24:04","slug":"wolf-of-wall-street-jordan-belfort-warns-of-gamestop-stock-craze-return","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wolf-of-wall-street-jordan-belfort-warns-of-gamestop-stock-craze-return","title":{"rendered":"&#039;Wolf of Wall Road&#039; Jordan Belfort Warns of GameStop Inventory Craze Return"},"content":{"rendered":"<p><\/p>\n<div readability=\"50.9556282111\">\n<section id=\"cb-4d964776224a566997ea44056874a27b\" class=\"canvas-block canvas-block-permalink canvas-image-block canvas-image-block-permalink canvas-image-block--default canvas-block-is-first \">\n<div class=\"image-block\">\n         <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_png_20240515_8f98a1afea714c89b36da290e74fdb02\" data-container-ref=\"tmz:article:970ff874-56c7-4c97-9123-54625fd3a38d\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<div class=\"img-wrapper\">\n<p>            <img decoding=\"async\" title=\"Belfort\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\" src=\"https:\/\/imagez.tmz.com\/image\/8f\/4by3\/2024\/05\/15\/8f98a1afea714c89b36da290e74fdb02_md.png\" loading=\"lazy\" alt=\"Jordan Belfort gamestop stock\"\/>\n        <\/div>\n<p>         <\/a>\n   <\/div>\n<\/section>\n<p><!--\/#cb-4d964776224a566997ea44056874a27b--><\/p>\n<section id=\"cb-47b1bdb2bf845989cf0ad41850963bf8\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"25.8100558659\">\n<p><a href=\"https:\/\/www.tmz.com\/people\/jordan-belfort\/\"><strong>Jordan Belfort<\/strong><\/a> &#8212; aka &#8220;The Wolf of Wall Street&#8221; &#8212; is issuing a stern warning as YOLO fever once again shakes the market via meme stocks &#8230; telling GameStop-ers to invest wisely.<\/p>\n<\/section>\n<p><!--\/#cb-47b1bdb2bf845989cf0ad41850963bf8--><\/p>\n<section id=\"cb-ab733d2225bebfb57a607873b7d7705b\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"30\">\n<p>Here&#8217;s the deal&#8230; shares for GameStop and AMC skyrocketed in the past few days as traders jumped on the wild meme stock ride anew &#8230; all because of a single X post from the dude who kicked it all off in the first place back in 2021 &#8230; <strong>Keith Gill<\/strong>, known as Roaring Kitty.<\/p>\n<\/section>\n<p><!--\/#cb-ab733d2225bebfb57a607873b7d7705b--><\/p>\n<section id=\"cb-1b08e17b5579f46ab8e2ba76b35699b5\" class=\"canvas-block canvas-block-permalink canvas-video-block canvas-video-block-permalink canvas-video-block--default \">\n<div class=\"video-block\">\n<div class=\"ratio ratio-16x9\">\n<div id=\"video-player-61be810a-abc3-40c9-b08d-14699d91b504-770985799-image-holder\" class=\"ratio ratio-item video-block__image-holder\">\n     <button class=\"ratio-item icon-video--shadow video-block__icon\" id=\"video-player-61be810a-abc3-40c9-b08d-14699d91b504-770985799-play-btn\"><br \/>\n      <span class=\"visually-hidden\">Play video content<\/span><br \/>\n     <\/button><br \/>\n                    <img decoding=\"async\" title=\"Computer Hardware &amp; Software Retailers\" alt=\"Computer Hardware &amp; Software Retailers\" width=\"728\" height=\"410\" class=\"img-fluid\" src=\"https:\/\/imagez.tmz.com\/image\/e6\/16by9\/2024\/05\/15\/e6f98e9544414fed97bb0e69fb681dd3_md.jpg\" loading=\"lazy\"\/>\n         <\/div>\n<\/p><\/div>\n<p>          <span class=\"media-credit video-block__media-credit\">TMZ.com<\/span>\n     <\/div>\n<\/section>\n<p><!--\/#cb-1b08e17b5579f46ab8e2ba76b35699b5--><\/p>\n<section id=\"cb-784df3e8384c612cd590ed20c4d4c90c\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"28\">\n<p>As <a href=\"https:\/\/www.tmz.com\/2024\/05\/14\/gamestop-stock-soars-again-roaring-kitty-makes-comeback\/\"><strong>TMZ reported<\/strong><\/a>, the viral day trader whipped everyone into a frenzy again just by posting memes after silence for years &#8230; and while everyone&#8217;s excited, JB&#8217;s offering up caution.<\/p>\n<\/section>\n<p><!--\/#cb-784df3e8384c612cd590ed20c4d4c90c--><br \/>\n<a id=\"continued\" class=\"continued-anchor\"\/><\/p>\n<section id=\"cb-fc3aa53a9c01b454a81ff269bceb3762\" class=\"canvas-block canvas-block-permalink canvas-image-block canvas-image-block-permalink canvas-image-block--default \">\n<div class=\"image-block\">\n         <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_jpg_20240514_1da605105b0e4844abf34bd88e1e8b2a\" data-container-ref=\"tmz:article:970ff874-56c7-4c97-9123-54625fd3a38d\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<div class=\"img-wrapper\">\n<p>            <img decoding=\"async\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\" src=\"https:\/\/imagez.tmz.com\/image\/1d\/4by3\/2024\/05\/14\/1da605105b0e4844abf34bd88e1e8b2a_md.jpg\" loading=\"lazy\" alt=\"Gamestop sub 2_\"\/>\n        <\/div>\n<p>         <\/a>\n   <\/div>\n<\/section>\n<p><!--\/#cb-fc3aa53a9c01b454a81ff269bceb3762--><\/p>\n<section id=\"cb-6a53b4802ad2deedbb891f9a4ac6ddb1\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"30\">\n<p>Belfort tells us the all-or-nothing part of the craze &#8212; which is the core of this whole investment movement &#8212; is highly contagious &#8230; but notes it can be equally as dangerous for the stock market&#8217;s uninitiated, which is a vast majority of people participating in this fad.<\/p>\n<\/section>\n<p><!--\/#cb-6a53b4802ad2deedbb891f9a4ac6ddb1--><\/p>\n<section id=\"cb-855c86bf2b5cb8d0e72b42d80585eb46\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"28\">\n<p>The Wolf advises normies to treat meme stocks like a trip to Vegas &#8230; bring only what you are comfortable losing &#8212; because the odds of walking away rich are somewhat stacked against ya.<\/p>\n<\/section>\n<p><!--\/#cb-855c86bf2b5cb8d0e72b42d80585eb46--><\/p>\n<section id=\"cb-6437c7c7ff1097f6faf76886897e0b75\" class=\"canvas-block canvas-block-permalink canvas-image-block canvas-image-block-permalink canvas-image-block--default \">\n<div class=\"image-block\">\n         <a class=\"js-click-image js-track-link image-lightbox-preview\" data-node-ref=\"tmz:image-asset:image_png_20240515_29513259a9fa4499b9fb77a3d3629ca5\" data-container-ref=\"tmz:article:970ff874-56c7-4c97-9123-54625fd3a38d\" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;image&quot;}\"><\/p>\n<div class=\"img-wrapper\">\n<p>            <img decoding=\"async\" width=\"728\" height=\"546\" class=\"img-fluid image-block__img-fluid img-aspect-auto\" src=\"https:\/\/imagez.tmz.com\/image\/29\/4by3\/2024\/05\/15\/29513259a9fa4499b9fb77a3d3629ca5_md.png\" loading=\"lazy\" alt=\"Jordan Belfort sub\"\/>\n        <\/div>\n<p>                 <\/a>\n   <\/div>\n<\/section>\n<p><!--\/#cb-6437c7c7ff1097f6faf76886897e0b75--><\/p>\n<section id=\"cb-e3067f2e03aff3cee80c512fc48062dc\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"28.9494163424\">\n<p>If you&#8217;ve read his book or seen the <a href=\"https:\/\/www.tmz.com\/people\/leonardo-dicaprio\/\"><strong>Leonardo DiCaprio<\/strong><\/a> movie, you know Jordan infamously battled stock-shorting hedge fund managers &#8230; and made a fortune doing it. So when he says to have fun, but play it safe&#8230; trust that he knows what he&#8217;s talking about!<\/p>\n<\/section>\n<p><!--\/#cb-e3067f2e03aff3cee80c512fc48062dc--><\/p>\n<section id=\"cb-7e6ab6bb926f72bc4bd7ef40796c5b61\" class=\"canvas-block canvas-block-permalink canvas-youtube-video-block canvas-youtube-video-block-permalink canvas-youtube-video-block--default \">\n<\/section>\n<p><!--\/#cb-7e6ab6bb926f72bc4bd7ef40796c5b61--><\/p>\n<section id=\"cb-b03872d1ecdd894201437ef749b2dcab\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"33\">\n<p>Jordan says he doubts the reignited hype will be as huge as it was a few years ago, meaning GameStop isn&#8217;t going to be trading for $400 a share like it was at its height the first time around. In fact, shares dropped a whopping 32% Wednesday morning to $33 a share, after shooting up 60% the day prior.<\/p>\n<\/section>\n<p><!--\/#cb-b03872d1ecdd894201437ef749b2dcab--><\/p>\n<section id=\"cb-9f96e6096e054d075d5cded800840459\" class=\"canvas-block canvas-block-permalink canvas-video-block canvas-video-block-permalink canvas-video-block--default \">\n<div class=\"video-block\">\n<div class=\"ratio ratio-16x9\">\n<div id=\"video-player-401d1c8e-3d9e-4467-abd4-d9ad556f2943-1961397755-image-holder\" class=\"ratio ratio-item video-block__image-holder\">\n     <button class=\"ratio-item icon-video--shadow video-block__icon\" id=\"video-player-401d1c8e-3d9e-4467-abd4-d9ad556f2943-1961397755-play-btn\"><br \/>\n      <span class=\"visually-hidden\">Play video content<\/span><br \/>\n     <\/button><br \/>\n                    <img decoding=\"async\" title=\"GameStop\" alt=\"GameStop\" width=\"728\" height=\"410\" class=\"img-fluid\" src=\"https:\/\/imagez.tmz.com\/image\/38\/16by9\/2024\/05\/15\/38a6410c0a7e42c8b1a01d7da741750d_md.jpg\" loading=\"lazy\"\/>\n         <\/div>\n<\/p><\/div>\n<p>          <span class=\"media-credit video-block__media-credit\">TMZ.com<\/span>\n     <\/div>\n<\/section>\n<p><!--\/#cb-9f96e6096e054d075d5cded800840459--><\/p>\n<section id=\"cb-3459b9f880e3e1e2d2448f0331b68439\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"31\">\n<p>The Wolf&#8217;s point &#8230; investors can lose a lot if they don\u2019t have some basic information about meme stocks, which are based on speculation and have nothing<strong> <\/strong>to do with the success or failures of the biz, which typically moves a share price meaningfully.<\/p>\n<\/section>\n<p><!--\/#cb-3459b9f880e3e1e2d2448f0331b68439--><\/p>\n<section id=\"cb-8fb0f86cf69d4156604333000ba28b28\" class=\"canvas-block canvas-block-permalink canvas-text-block canvas-text-block-permalink canvas-text-block--default canvas-block-is-last \" data-context=\"{&quot;section&quot;:&quot;permalink&quot;,&quot;name&quot;:&quot;text_block&quot;}\" readability=\"28\">\n<p>Bottom line &#8230; JB says meme stocks are a game and a gamble &#8212; and not a wise investment in the traditional sense. With that said &#8230; he does seem stoked about GameStop 2.0.<\/p>\n<\/section>\n<p><!--\/#cb-8fb0f86cf69d4156604333000ba28b28--><\/p><\/div>\n\n<p><a href=\"https:\/\/www.tmz.com\/2024\/05\/16\/wolf-of-wall-street-jordan-belfort-warns-gamestop-meme-stock-return\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jordan Belfort &#8212; aka &#8220;The Wolf of Wall Street&#8221; &#8212; is issuing a stern warning as YOLO fever once again shakes the market via meme [&hellip;]<\/p>\n","protected":false},"author":1075,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-300723","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/300723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1075"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=300723"}],"version-history":[{"count":0,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/300723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=300723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=300723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=300723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}