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Reddit’s profane, greedy traders are shaking up the stock market

bloomberg.com

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Re: Reddit’s profane, greedy traders are shaking up the stock market

#21

Post by vsareto »

gruez wrote: post #16
nitwit005 wrote: post #9

Earlier quoted context omitted.

Even if they don't take it too seriously, I'm sure people pick up ideas there. If you see people talking about buying Tesla options every day, you'll probably consider it far more than you would otherwise.

You'd think that the screenshots of horrific losses on robinhood, interspersed throughout would have a moderating effect. That, along with the obviously sarcastic investment advice and general crude language makes anything coming out of there less trustworthy than something like Mad Money on CNBC.

Posting losses gets other people more comfortable with losing, keeping folks interacting with the market longer. If you're Robinhood, you'll benefit either way.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#22

Post by [deleted] »

outworlder wrote: post #4
gruez wrote: post #2

Wait, people actually go to /r/wsb for investment advice? The entire time I thought it was a mix of posting wins/losses along with some memes/humor.

It is exactly that. Sometimes there's actual, solid, investment advice hidden in posts. Sometimes.

[deleted]

Re: Reddit’s profane, greedy traders are shaking up the stock market

#23

Post by safog »

Come 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 effort to pump SPCE for instance.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#24

Post by probably_wrong »

toohotatopic wrote: post #20
thih9 wrote: post #6

> 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.

Why is that behavior in agreement with GDPR? Don't they have to provide their information without people having to share private data?

It's not, but that's the one big problem (IMHO) with GDPR: that it doesn't allow individuals to sue.

If I want to force them to either fall in line with the GDPR or get out of Europe, I need to find my local responsible agency, send them an email, and pray that they have the will and resources to act on it.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#25

Post by cdiamand »

Hey! I'd like to shamelessly plug my new project here:

https://topstonks.com

We're writing about this speculative culture emanating from WSB and 4chan in a daily email. We send out a list of the most mentioned stocks, and do a longer form commentary, with quotes from those communities a few times a week.

It's just an email now, but we're going to roll out options analysis and a few other goodies in the coming weeks :)

(The language can be a bit crude, so this might not be for you, if that is a concern.)

Re: Reddit’s profane, greedy traders are shaking up the stock market

#28

Post by rantwasp »

safog wrote: post #23

Come 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…

hmm... what about MU, AMD, BYND, SHOP. you’re not paying attention.

imho, robinhood gets the most out of it. the number if issues this reddit sub has found with RH is mind-boggling

Re: Reddit’s profane, greedy traders are shaking up the stock market

#29

Post by AnotherGoodName »

safog wrote: post #23

Come 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 when WSB were meme-ing on TSLA and a whole bunch of them bought $1000 call options when it was $400. Shortly afterwards TSLA skyrocketed in value.

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