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It's like everyone has forgotten the past meme stocks of /r/wsb. GME is not something out of the ordinary. They do this all the time. First someone will pick a

It's like everyone has forgotten the past meme stocks of /r/wsb. GME is not something out of the ordinary. They do this all the time. First someone will pick a stock to pump and if it rises some people win and some will be left holding the bag. Remember the SPY puts at the beginning of 2020? The Chinese coffee startup that got delisted? NKLA? How PLTR pump lost the energy?

WA 6y ago
I've been a member of WSB since January 2020 and this is not entirely accurate. If you look closely, it is unclear whether WSB is actually what drives a pump. Quite often, something happens, a stock gains insane valuations and WSB finds it after the fact and spins some narrative or tries to profit even more. The SPY puts weren't at the beginning of 2020. I was actually one who took a huge profit from being early with SPY and DAX puts, but I also lost some money later on when SPY puts were still the rage. The fascinating part is that you don't really know if WSB is actually the pumper. With smaller caps, that might be true to some extend. They banned mentioning of small caps with less than 1 billion in market capitalization a while ago for this reason. WSB pumps and dumps: SPCE, LL Certainly not: MSFT, SPY drop in Feb/March 2020, TSLA, AAPL Probably not: HTZ Unclear about the extend: GME, BB, PLTR So, is WSB a driver of stock prices or is someone else driving the prices and blaming it on the "retards" on WSB? This happened in July/August 2020 with tech and one culprit was Softbank.
- nromiun 6y ago
  > The SPY puts weren't at the beginning of 2020. That was just a rough estimation. I have been following them for the last few years and my point is that they don't always win. Before 2020 (where every stock market on earth started giving huge profits) they were mostly known for their losses. In fact the only WSB stock still worth buying is TSLA. Everything else is pumped, dumped and gone.
  - WA 6y ago
    Funny that you say this. TSLA is the mother of all pump and dumps, but it'll take a while for this to play out. Not driven by WSB of course. But yeah, they don't always win for sure. Still, there are a few gems in that sub if you know where to look imho. Do they have a crystal ball? Certainly not. But it's interesting for its different perspective.

WA 6y ago

I've been a member of WSB since January 2020 and this is not entirely accurate. If you look closely, it is unclear whether WSB is actually what drives a pump. Quite often, something happens, a stock gains insane valuations and WSB finds it after the fact and spins some narrative or tries to profit even more. The SPY puts weren't at the beginning of 2020. I was actually one who took a huge profit from being early with SPY and DAX puts, but I also lost some money later on when SPY puts were still the rage. The fascinating part is that you don't really know if WSB is actually the pumper. With smaller caps, that might be true to some extend. They banned mentioning of small caps with less than 1 billion in market capitalization a while ago for this reason. WSB pumps and dumps: SPCE, LL Certainly not: MSFT, SPY drop in Feb/March 2020, TSLA, AAPL Probably not: HTZ Unclear about the extend: GME, BB, PLTR So, is WSB a driver of stock prices or is someone else driving the prices and blaming it on the "retards" on WSB? This happened in July/August 2020 with tech and one culprit was Softbank.

nromiun 6y ago
> The SPY puts weren't at the beginning of 2020. That was just a rough estimation. I have been following them for the last few years and my point is that they don't always win. Before 2020 (where every stock market on earth started giving huge profits) they were mostly known for their losses. In fact the only WSB stock still worth buying is TSLA. Everything else is pumped, dumped and gone.
- WA 6y ago
  Funny that you say this. TSLA is the mother of all pump and dumps, but it'll take a while for this to play out. Not driven by WSB of course. But yeah, they don't always win for sure. Still, there are a few gems in that sub if you know where to look imho. Do they have a crystal ball? Certainly not. But it's interesting for its different perspective.