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I have been paying attention to r/wallstreetbets for the past few weeks - I don't have the source handy (it was on WallStreetBets), but there are reputable big
by dfraser992 6y ago
I have been paying attention to r/wallstreetbets for the past few weeks - I don't have the source handy (it was on WallStreetBets), but there are reputable big name funds / companies who are long on GME. Other big name companies are short, of course, and the WSB community has picked a side in this battle.
So the idea that WallStreetBets is a significant player in all this is nonsense and actually might be propaganda flak coming from the "responsible" people in the media, etc - journalists in the financial sector love rumors and such things and it is a nice cover story as "fog" to hide the fact Wall Street is so manipulated by the big players.
- in3d 6y agoI’m very sure you’re wrong. If you’ve ever traded a larger position, you quickly realize that it doesn’t take a ton of volume to move the price of a stock like GME. Take a look at how quickly the GME threads on WSB get 100k posts and take a look at how many posters there are on the WSB Discord and note that the ratio of lurkers to posters is high on most forums.