WallstreetBets

[BornofDust]

What the title says. So what's you guys opinions on what's going on with Reddit, the Hedge funds , GameStop, AMC, and everything in between, if you don't know about it already. Me personally I think its a good think that these billionaires are finally paying the price for their immoral actions, by regular people, bout time they get what's been due, I kind of find it funny that they end up going especially by regular people. But what are your thoughts, do you agree, do you just not care? What's your thoughts on this whole thing?

 

[DocNo]

hedgefonds are like cancer in my opinion. this whole casino capitalism is just a joke. it was already at 2k with the dotcom bubble obvious and it became since then more and more ridiculous.

 

[KuriGohan&Kamehameha]

Feel bad for the normal, everyday people who are going to lose a lot money when the price of shares for GME inevitably bursts, but I guess if you are using a subreddit like WallStreetBets in the first place you've got money to gamble, right?

 

[Donk]

Can't believe WSB has 4m subs now. I remember it had 500k when I joined. Someone gonna get burned when the dust settles. they will be a selloff in those stocks of epic proportion. good luck to all the autists!

Edit: GME up 30% pre-market. This is insane. AMC and BB are down

 

[262653]

 

[Dr Iron Arc]

Gamers learned how to abuse this kind of system through Animal Crossing's turnip market and now they're just applying it to the real world.

 

[NumbItAll]

Although Melvin Capital got burned, there are many other hedge funds profiting and trading both sides of this. Wall Street doesn't care if people buy meme stocks because they will make money regardless. Not exactly the heroic movement that it's being made out to be, but still very entertaining to watch. Retail traders are basically playing the lottery here.

Feel bad for the normal, everyday people who are going to lose a lot money when the price of shares for GME inevitably bursts, but I guess if you are using a subreddit like WallStreetBets in the first place you've got money to gamble, right?

The sad thing is some of them don't and are gambling their whole savings, rent money, etc. on this because they want to stick it to the man.

 

[Makko]

Although Melvin Capital got burned, there are many other hedge funds profiting and trading both sides of this. Wall Street doesn't care if people buy meme stocks because they will make money regardless. Not exactly the heroic movement that it's being made out to be, but still very entertaining to watch. Retail traders are basically playing the lottery here.

The sad thing is some of them don't and are gambling their whole savings, rent money, etc. on this because they want to stick it to the man.

This has been an clever ruse to squeeze some simple types for their last pennies. I admire it.

 

[Donk]

I find it funny that wall Street Shills like CNBC are critising WSB for pumping and dumping. Wall street has been pumping and dumping stocks since trading existed. I don't see CNBC make a big deal out of it when institutional investors do it. In fact, often the IMs would go on CNBC and mention the stocks they "like". Btw, most trading are done by bots front running retail orders so who's really manipulating the markets? Hold the fucking line autists!