A high school junior in Wisconsin turned a $50 Christmas gift into much more when he bought GameStop stock this week.”I currently own a few shares,” Ben Patte said.”I decided to buy in on the hype and I’m still riding the wave,” he said.It’s a wave that rocked Wall Street.Because of amateur investors like Patte, the retail video gaming store’s stock soared.”As of yesterday when the stock closed at 340-some dollars, I was $600,” he said. “Earlier today, I was at $1,000, but today something crazy happened and I’m only up like $300.”Known as short-selling, hedge fund investors bet on GameStop and several other companies to tank in order to make a profit.But instead, the stocks skyrocketed and they lost big time.”It was so satisfying because they’re losing billions of dollars,” Patte said.It wasn’t just GameStop getting in on the action, Milwaukee headphone maker Koss Corporation also saw a big payday.”Wonderful for them to make a whole bunch of money for their clients, but keep in mind, I don’t believe GameStop is worth $400 a share,” Kevin Spellman said.He’s the director of the investment management program at the University of Wisconsin-Milwaukee and said he expects the high stock prices will eventually drop back to reality.”I would say they succeeded in scaring the one that’s betting against America, betting on growth, betting on stocks going up,” Spellman said.As for Patte, he’s still in the game.”I could have walked away with $1,000, but I believe the best part hasn’t happened,” he said. “I read it on the internet on multiple websites.”So far, it’s paid off.Koss Corporation did not return emails or phone calls for comment.GameStop ended the day down 44%.The Securities and Exchange Commission is now closely watching the market volatility.

A high school junior in Wisconsin turned a $50 Christmas gift into much more when he bought GameStop stock this week.

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“I currently own a few shares,” Ben Patte said.

“I decided to buy in on the hype and I’m still riding the wave,” he said.

It’s a wave that rocked Wall Street.

Because of amateur investors like Patte, the retail video gaming store’s stock soared.

“As of yesterday when the stock closed at 340-some dollars, I was $600,” he said. “Earlier today, I was at $1,000, but today something crazy happened and I’m only up like $300.”

Known as short-selling, hedge fund investors bet on GameStop and several other companies to tank in order to make a profit.

But instead, the stocks skyrocketed and they lost big time.

“It was so satisfying because they’re losing billions of dollars,” Patte said.

It wasn’t just GameStop getting in on the action, Milwaukee headphone maker Koss Corporation also saw a big payday.

“Wonderful for them to make a whole bunch of money for their clients, but keep in mind, I don’t believe GameStop is worth $400 a share,” Kevin Spellman said.

He’s the director of the investment management program at the University of Wisconsin-Milwaukee and said he expects the high stock prices will eventually drop back to reality.

“I would say they succeeded in scaring the one that’s betting against America, betting on growth, betting on stocks going up,” Spellman said.

As for Patte, he’s still in the game.

“I could have walked away with $1,000, but I believe the best part hasn’t happened,” he said. “I read it on the internet on multiple websites.”

So far, it’s paid off.

Koss Corporation did not return emails or phone calls for comment.

GameStop ended the day down 44%.

The Securities and Exchange Commission is now closely watching the market volatility.

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