WallStreetBets vs WallStreet: It's not about the money anymore

I don't know- there must be institutional players on the long side by now right? Either way, _eventually_ someone will be left holding the bag when the stock comes back down to earth.

Re: WallStreetBets vs WallStreet: It's not about the money anymore

#5

Post by fortran77 » Thu, Jan 28, 2021, 2:51 PM UTC

nappy-doo wrote: post #3

I've read /r/wallstreetbets -- it's about the money.

I see a lot of young get-rich-quickers there. People who want to do things like borrow money to short stocks with.

Re: WallStreetBets vs WallStreet: It's not about the money anymore

#6

Post by jonplackett » Thu, Jan 28, 2021, 2:52 PM UTC

I’m seeing so much news about this but don’t understand what’s happening. Can someone do a recap?

Re: WallStreetBets vs WallStreet: It's not about the money anymore

#7

Post by KLexpat » Thu, Jan 28, 2021, 2:52 PM UTC

fortran77 wrote: post #5

nappy-doo wrote: post #3

I've read /r/wallstreetbets -- it's about the money.

I see a lot of young get-rich-quickers there. People who want to do things like borrow money to short stocks with.

https://www.reddit.com/r/wallstreetbets/comments/l6omry/an_o...

I'm not so sure

Re: WallStreetBets vs WallStreet: It's not about the money anymore

#8

Post by tenaciousDaniel » Thu, Jan 28, 2021, 2:52 PM UTC

As someone who is not very educated in finance, I'm curious how to interpret today's events. Is nasdaq/robinhood/everyone else transparently manipulating the market on behalf of hedge funds? Or are these standard mechanisms in place for preventing the stock market from swinging wildly out of control? I don't know if it's standard to completely block trading on one or more stocks.

Re: WallStreetBets vs WallStreet: It's not about the money anymore

#9

Post by Beefin » Thu, Jan 28, 2021, 2:52 PM UTC

People have had enough, it's not just WSB anymore. The community of retail investors in GME is far beyond WSB. It's people that are frustrated with the 1% getting bailed out time and time again and them not seeing a dime at their tax dollar expense.

Re: WallStreetBets vs WallStreet: It's not about the money anymore

#10

Post by ericmay » Thu, Jan 28, 2021, 2:52 PM UTC

waylandsmithers wrote: post #4

I don't know- there must be institutional players on the long side by now right? Either way, _eventually_ someone will be left holding the bag when the stock comes back down to earth.

Retail traders are literally locked out of buying new shares... they were a scapegoat the whole time.

$GME is up 11% as of the writing of this post. Who is buying it?

This is actually making me angry to watch.

-edit-

I had like one share - Robinhood just sold my shares without me ordering it. Dunno what happened there.