I think I'm convinced of manipulation. The memeing and the gameifying investment, calling each other retards (because you, user, you don't know _anything_) and the long obscure unfalsifiable ramblings about predictions or valuable investments hitting the top of the page, it all just seems a little fishy to me.
totalZero|5 years ago
On the other hand, the multi-billionaires who are loaning one another billions of dollars to batten down their GME shorts....that seems somewhat manipulative to me.
These hyper-rich guys babble on about efficient markets but they work together to corner the market on particular securities. And they don't do it in public on the internet. They use the full weight of their reputations and relationships.
EdwardDiego|5 years ago
And 4Chan a) isn't dumb, but they like doing dumb shit and b) they love brigading. Pool's closed etc.
But what's interesting is how the institutional outrage is merely fuelling the brigading.
The institutional investors crying in the media only confirms WSB's beliefs that they've found a weak spot in the institutions, so they're going to stick it in harder.
I admire their attitude, but not enough to put my money in to what feels like an giant troll.
ALittleLight|5 years ago
Personally, I'm buying in the money puts expiring in 2023. No way Gamestop is doing better now, or has a better future now, than it did five or ten years, yet their stock's at an all time high? These hijinks may continue for some time, but I doubt it'll last years, price will settle and I'll hopefully make a modest profit.
electriclove|5 years ago
konjin|5 years ago
This is said as someone who has made high six figures from yolo trades because I thought it would be funnier to lose the money than put it in a savings account.
thrwyoilarticle|5 years ago
unknown|5 years ago
[deleted]
doggosphere|5 years ago
A bit of luck, a bit of smarts. Build it and they will come?
PartiallyTyped|5 years ago