571–580 of 1001 posts
There's a mantra among these people of "I just wanted to play video games, why couldn't you leave me alone?" The culture of a lot of redditors and internet trolls in general seems to be that they feel like they are the eternal punching bag of society. They were the punching bag in high school, they didn't get into a good school (or go to college at all), and now they're the punching bag of society as "incels" or "whi…
What ties all these communities together is idolizing that archetype, without necessarily yearning to be that archetype.
So, do people still think Efficient Market Hypothesis is a thing? If this doesn't prove that the stock market is just a video game, which decoupled from economic reality a long time ago... We've now entered the age of the meme stock market.
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> The "little guy" refers to the Reddit traders that are making a killing right now, with the expectation that eventually the stock price will crash again. The reddit traders are only making a killing if they're selling these inflated positions. At some point somebody will be left holding the bag, odds are it will be a bunch of people from wallstreetbets and other retail investors that are late to the party. There's…
It's a short squeeze. The guys left holding the bag are people that are covering their short positions in the company. The average retail investor is not shorting stocks.. There will probably also be some people that try to jump on the trend too late but that isn't who is being hurt right now.
Around 1BB shares of gamestop have been bought/sold over the last two weeks. So shorts covering represent at most 7% of the volume.
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Great explanation. IMO the GameStop phenomenon is the result of the combination of democratization of trading through software (Robinhood no fee trading, doing it on your cellphone) + social media enabled mass scale online community building (around some previously fringe niche). Any area that is subject to this kind of combination of change could face similar situation where the old institutions guarding the area wo…
There is a third factor: a generation of investors who have never really lost money in the market.
I think the primary thing that baffles the more traditional investing establishment is how irrational WSB investors actually are.
Okay a serious question: at what point does it make sense for these hedge fund guys to just purchase reddit and shut it down? To be clear: I don't think that would work, but I think we're at the point where stuff like that is going to be tried. These guys are losing BILLIONS of dollars. Billions. Can they spend $1B to prevent the loss of $2B? (Is reddit worth more than $1B?) Other stuff I won't be surprised if we see…
It would be much cheaper just to pay some kids to make nice looking but ultimately loss making bets on there. If WSB looks like a place where people go to lose money then it's popularity will drop.
This is how I know you have 0 idea what you're talking about.
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For those downvoting: that‘s u/DeepFuckingValue. He got laughed off by WSB for a year and is now making millions every day. Turned 50k to 48 million as of today.
If he sells prior to to the fall, that is
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Discord and telegram are big, but there's no way they're as big as WSB. I can just go to reddit.com/r/wallstreetbets and watch the show, I don't even know how to begin finding the same thing on discord. And to put into focus how many people are involved here: the GME discussion threads go to tens of thousands of replies within MINUTES of being posted.
r/wallstreetbets has an official Discord, I think that's probably what parent is referencing. It's linked in their sidebar with a giant Discord logo, not hard to find
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Aren't almost all companies like this an integral part of almost everyone's pensions? Through your pension you're probably an investor in tens of thousands of companies and funds.
Who the hell has a pension any more?
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Aren't almost all companies like this an integral part of almost everyone's pensions? Through your pension you're probably an investor in tens of thousands of companies and funds.
Who the hell has a pension any more?