Connect with us

Hi, what are you looking for?


[B-SIDE Podcast] GameStop, short selling, and social media

Follow us on Spotify BusinessWorld B-Side

Because of GameStop Corp.’s wild roller coaster ride on the New York Stock Exchange, people have been talking about retail investing and how social media is changing the game.

The video game retailer’s stock price hit a high of $483 in what has been framed as a battle between “the little guys” of Reddit against the suits of Wall Street who had heavily shorted GameStop shares.

In this episode of B-Side, Edward K. Lee, chairman and founder of COL Financial Group, Inc.,  speaks with BusinessWorld reporter Revin Mikhael D. Ochave about short selling, GameStop shares, and the Philippine stock market. 


Know the rules of the game.

“Whatever it is you are doing, you have to know the rules of the game—how it should really be done,” said Mr. Lee.

“People are opening accounts just to speculate. They are just gambling, without understanding how they do it,” he said. “Are you a passive investor, an active investor, or an active trader? A person should understand the rules clearly. You should know and apply the rules because if not, you can make so much money in one day, but it can all disappear in a snap.” 

Be wary of ‘the madness of the crowd.’

A majority of people who trade in penny stocks lose money, said Mr. Lee. “People go with the trend without even knowing what they are buying. As long as the stock price goes up, they just buy stocks and go with it. Yes, you can win a lot. But eventually, you can lose a lot also. So they have to really be careful,” Mr. Lee said, who warned against the “madness of the crowd.”

Keep an open mind and an optimistic mindset.

“If you have time, the stock market is a good thing to learn,” Mr. Lee said, who advised those who are interested to open their minds, read up, and trade systematically. Trading and investing in the stock market is a skill, he added, that can “put the world at your fingertips.”

“What is important for most investors is that they have to keep an open mind. They have to use this pandemic as a means of opportunity. Those planning to invest or trade need to have an optimistic mindset. If you do not have an optimistic mindset, nothing will happen to you,” he said.

This episode was recorded remotely on February 2. Produced by Nina M. DiazPaolo L. Lopez, and Sam L. Marcelo.

Related story: The Philippine Stock Exchange (PSE) will allow short selling as soon as issues on borrowing and lending of securities before the Securities and Exchange Commission and tax bureau are resolved. “The probability of a GameStop incident happening in the Philippines is quite small, if not nil,” said PSE President Ramon Monzon said.

Follow us on Spotify BusinessWorld B-Side

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks...


By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded its growth forecast for the Philippines for this year and 2023, citing an “accommodative”...


THE PHILIPPINE auto industry’s sales recovery will likely be derailed if a measure reimposing excise taxes on pickup trucks is signed into law, according...


THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected to...


THE ASIAN Development Bank (ADB) is planning to allocate at least $14 billion for a program aimed at easing a food crisis in the...


With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.