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tl;dr the wallstreetbets hive mind has the purchasing power of a mid size hedge fund if there’s roughly 1000 upvotes on a piece of content, and assuming only 1
by nelsondev 7y ago
tl;dr the wallstreetbets hive mind has the purchasing power of a mid size hedge fund
if there’s roughly 1000 upvotes on a piece of content, and assuming only 1% of lurkers ever up vote; that means there are roughly 100,000 people taking investment info from this sub.
let’s say they have an average portfolio size of $10k, then 100,000 users * $10,000 = $1 billion dollars.
assuming they split the portfolio by meme %, so like 1/3 TSLA, 1/3 SPCE, 1/3 AMD; then we’re looking at like $330 million in trading volume going into SPCE.
when you look at the last couple days of trading volume on SPCE, about 30million shares traded daily, was previously around $10 a share , it about equals out, that like $300million dollars of meme money did a pump and dump on SPCE