People dismiss wsb but gambling is a big issue here in the US. This is exactly what happened during dotcom.
Reddit’s profane, greedy traders are shaking up the stock market
101–110 of 364 posts
Re: Reddit’s profane, greedy traders are shaking up the stock market
#102Earlier quoted context omitted.
Not sure how many here have tried it but it takes all kinds of tricks to scrape Bloomberg reliably. Not surprised they're doing something like this.
Just turn off JavaScript.
Huh, you're right. The last time I tried this (year ago) they would throw up a "Are you a robot" page.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#103Yes people are "greedy" who trade stocks. GTFO of here with that hype shit.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#104Re: Reddit’s profane, greedy traders are shaking up the stock market
#105Wow, this title sure got changed to something far more inflamatory than it was an hour ago, when it was something closer to "reddit picks your stock". Nice one, bloomberg.
Oh wait, Bloomberg's trying to run for president?
Owning one of the authoritative news outlets feels like maybe that's an illegal conflict of interest, there, then.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#106As a regular of WSB, this article is just absolutely absurd. Which I guess is the regular for Bloomberg these days (seemingly the Buzzfeed of business news it appears). All you'll find on WSB is a bunch of homophobic bored desk workers. The idea that subreddit of only a few thousand guys (mostly) with an extra $500 to blow on meme stocks can move a stock in _any_ significant way is laughable.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#107Can anyone explain the strategy it's talking about?
The WSB strategy: Buying call or puts instead of individual stocks. Calls are when you think a stock is going to go up, puts are when you think it's going to go down. Instead of having to buy an individual stock, you can simply buy a call because you think the stock price will go up. If it does go up like you project, then you will make money. If instead it goes down, you lose money. This is generally a non-standard…
A lot of the craziness is from exactly what bets they are making. The cool thing to do is to buy "Out of the Money" options (where $TSLA might cost $420/share but the options are for $450), sometimes with borrowed money. These options are dirt cheap, so you can buy a ton of them. Usually you lose your whole investment when the options expire, but if the stock jumps over the price of the option you can make a ton of money.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#108> You're in private mode. Subscribe to continue reading in private mode. I didn't realise that Bloomberg blocks private mode too. Messages like this assume that tracking is the default and make sure that we keep losing privacy. I really dislike this trend.
In Firefox, just click on "Reader mode" at the end of the address bar.
If CNN and WSJ are any indication, and I'm pretty sure they are, FF's reader mode is easily defeatable by div'ifying everything.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#109New side-project idea: WSB sentiment analysis tracker linked to RobinHood API
Re: Reddit’s profane, greedy traders are shaking up the stock market
#110Come on man, there's no where near enough volume there to move anything but the most low volume of stocks. All they trade in is meme stocks like TSLA, NFLX, MSFT, AAPL etc., and a few 100k on calls here or there won't budge the price in the slightest. On top of that, it's not even a P&D group, people there are just trading against each other, you have both bears and bulls and thetas. There's never been a concerted ef…
I have a theory that WSB are so bad at trading that they actually do manipulate stocks due to messing up every automated trading platform that assumes there'd be some logic to the trades being made. Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen. This appeared to happen…
This sounds like the plot to an old comedy film, just with new technology. Like some schmuck somehow gets into a fancy Wall Street party and everyone he talks to assume his idiot ramblings are genius financial advice.