4 ms·

I wish I groked all the dynamics at play. I don't fully understand it but it's a wild ride to see this happen. I heard AMC is going through a similar squeeze

I wish I groked all the dynamics at play. I don't fully understand it but it's a wild ride to see this happen. I heard AMC is going through a similar squeeze this week and I don't know how much I would dare to invest with my limited knowledge.

jansan 6y ago
> I wish I groked all the dynamics at play. In this case I would recommend to stay out of the game. Just enjoy the show.
- DyslexicAtheist 6y ago
  why? it's not illegal. risky yes, but anyone can buy stocks.
  - jansan 6y ago
    Not illegal at all, but someone will pay at the end. There was something similar going on in the past with the Hunt brothers (look it up on Wikipedia). Everybody who followed them got burnt severely because the big guys suddenly had the rules changed.
  - spijdar 6y ago
    With absolutely zero domain knowledge and not really familiar with the situation, I've got a strong gut feeling that it's gonna be easy to get burned here. Hopefully I'm wrong, for all the people involved's stakes.
    - unforeseen9991 6y ago
      It's actually more dangerous if they don't get burned. Then they think they can get away with their gamble again, but they put even more money in next time.
    - Taylor_OD 6y ago
      Exactly. My friend made about 10K off of $200 in GameStop calls. He got the advice from his buddy who is a WSBs junkie. That buddy is also bankrupt and his only source of income is WSB. I cant image what his taxes will look like this year. Its fun to watch but like most of high risk high reward activities you will likely lose or get lucky and then lose when you try to repeat that luck.
    - alkonaut 6y ago
      There is just one key insight: it’s gambling. It’s like buying a lottery ticket or betting that the outsider team will win the league. With that mindset you are pretty safe. You don’t “invest” in lottery tickets. It’s entertainment with money you can afford to lose. I hope that’s the case for each and every person who bought this stock.
      - mcv 6y ago
        I see the stock market in general as a lottery. Or a mix of a lottery and a bit of ponzi scheme, but the lottery has a positive expectation value, unlike real lotteries. And the ponzi scheme still has some real value behind it. The WSB bet is extremely risky of course, but there's absolutely a chance that it will pay off enormously. How big that chance is, I couldn't begin to estimate. From what I've seen, the people who are getting in late know very well that they're likely to lose money, but they're fine with that if they get to stick it to the hedge funds.
  - cwilkes 6y ago
    Why stay out of a stock that’s fluctuating wildly for reasons unrelated to their performance? One whose price is determined by factors probably not known to most investors?
- Triv888 6y ago
  of course you don't put in money that you are not willing to loose. I bought some GME at around 40 and sold the same day at around 90. I don't have "diamond hands", as they like to say at WSB.

jansan 6y ago

> I wish I groked all the dynamics at play. In this case I would recommend to stay out of the game. Just enjoy the show.

DyslexicAtheist 6y ago
why? it's not illegal. risky yes, but anyone can buy stocks.
- jansan 6y ago
  Not illegal at all, but someone will pay at the end. There was something similar going on in the past with the Hunt brothers (look it up on Wikipedia). Everybody who followed them got burnt severely because the big guys suddenly had the rules changed.
- spijdar 6y ago
  With absolutely zero domain knowledge and not really familiar with the situation, I've got a strong gut feeling that it's gonna be easy to get burned here. Hopefully I'm wrong, for all the people involved's stakes.
  - unforeseen9991 6y ago
    It's actually more dangerous if they don't get burned. Then they think they can get away with their gamble again, but they put even more money in next time.
  - Taylor_OD 6y ago
    Exactly. My friend made about 10K off of $200 in GameStop calls. He got the advice from his buddy who is a WSBs junkie. That buddy is also bankrupt and his only source of income is WSB. I cant image what his taxes will look like this year. Its fun to watch but like most of high risk high reward activities you will likely lose or get lucky and then lose when you try to repeat that luck.
  - alkonaut 6y ago
    There is just one key insight: it’s gambling. It’s like buying a lottery ticket or betting that the outsider team will win the league. With that mindset you are pretty safe. You don’t “invest” in lottery tickets. It’s entertainment with money you can afford to lose. I hope that’s the case for each and every person who bought this stock.
    - mcv 6y ago
      I see the stock market in general as a lottery. Or a mix of a lottery and a bit of ponzi scheme, but the lottery has a positive expectation value, unlike real lotteries. And the ponzi scheme still has some real value behind it. The WSB bet is extremely risky of course, but there's absolutely a chance that it will pay off enormously. How big that chance is, I couldn't begin to estimate. From what I've seen, the people who are getting in late know very well that they're likely to lose money, but they're fine with that if they get to stick it to the hedge funds.
- cwilkes 6y ago
  Why stay out of a stock that’s fluctuating wildly for reasons unrelated to their performance? One whose price is determined by factors probably not known to most investors?
Triv888 6y ago
of course you don't put in money that you are not willing to loose. I bought some GME at around 40 and sold the same day at around 90. I don't have "diamond hands", as they like to say at WSB.