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Common folks who get in late in the bubble will be the ones who will suffer. This populist mindset that you’re somehow sticking it to big banks or something by

• pas 6y ago
  It's not zero-sum. Central banks are printing money. People put their gov checks into ETFs. Sure, eventually there'll be a reckoning.
• djeiasbsbo 6y ago
  In this case they have actually a pretty interesting goal and motivation. They chose GME because it had a short ratio of 138%. Basically, big hedge funds were betting on the downfall and demise of this stock excessively. What WSB daytraders are trying to do is to bleed out these hedge funds by buying in and holding. The stock doesn't even have to increase and the damage to the big hedge funds is already happening, see the situation that Melvin Capital is in. To those who participate it is a david vs. goliath situation. The thing is, what they are trying to do is not that dumb and actually quite interesting, but they won't get anywhere by remaining "civil". They need this to spread and be on the frontpage of Reddit constantly. Negative or positive press helps, because more regular people want to participate if they hear about it. I think that this will go down in history. Constant timeouts, organised selling at certain intervals, unnatural spikes, we've yet to hear about the shady stuff that keeps this stock from surging even faster considering the current "virality".
• kyawzazaw 6y ago
  Melvin Capital just got bailed out.
  • phil_e_delphian 6y ago
    And anyone who bought shares at peak yesterday is up 50% today - those who bought _any_ Call option are up much, much more