F2F Class Notes (JJ)

Here’s the story about Gamestop

Gamestop is a physical store in US, which is know as for selling Xbox and game related software. Due to pandemic hitting the globally, lots of physical stores were shut down during 2020. Gamestop was trying to focus more on digital and looking to turn their business model around. After hitting a low of 2.8 dollar in 2020, share price of gamestop surged to a high of 76.76 dollar in several days. This quick movement make some individual investors became millionaires, of course vice versa, it also made some millionaires, who short the share price of gamestop, lost huge amount of money.
This situation would not happen in China stock market. As we have limitation/ ceiling on each stock price, that is 10% of the price. If the stock price goes up or down exceeded 10%, it would be compulsively stop to dealing in few days in the market.

Revised:

Gamestop is a physical store in the US, which is known for selling Xbox and game-related softwares. Due to pandemic hitting the globally, lots of physical stores shut down in 2020. Gamestop was trying to focus more on digital markets and was looking to turn their business model around. After hitting a low of 2.8 dollar in 2020, share price of gamestop surged to a high of 76.76 dollar in several days. This quick movement lead some individual investors to become millionaires, of course in contrast, it also made some millionaires, who were in the short position, loose huge amounts of money.

This situation would not happen in China’s/Chinese stock market. As we have limitation/ ceiling on each stock price, that is 10% of the price. If the stock price increase or decrease exceeded 10%, it would be compulsively stop to dealing within a few days in the market.

Am I do anything wrong —> Am I doing anything wrong?

I am (verb to be) anything wrong

the US government jealous us —> The US government is jealous of us

Vocabulary

boycott: 抵制

against something/someone: 反对某人

twist the truth: 扭曲事实

put words in someone’s mouth: when you force someone to say something or make it sound like the words are coming from that person when in reality they are not

Ex: Western media might be putting words in Xinjiang people’s mouths in order to twist the truth about the Better Cotton Initiative (BCI) movement.

scapegoat: 替罪羊

shoot oneself in the foot: 搬石头砸自己的脚

Ex: HM shot itself in the foot by being the first brand to boycott Xinjiang cotton.

dig my own grave: 给自己挖坑

to be/feel jealous of someone: 嫉妒某人

Ex: The US government is jealous of China.

I feel jealous of my dog because she doesn’t need to work.

to be excited for something/someone

Ex: I am excited for the labor week holidays.

to feel excited for something/someone

Ex: I feel excited for JJ’s new healthy lifestyle.

I feel excited for my class with JJ.

I feel excited for JJ who is going to a concert.

Write about a time/an incident where you dug your own grave.