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>90% of those redditors (maybe 99%) will loose a lot of money. Hatred and spite for "traditional" (and patronizing) investor opinions like this is what is driv
by MrStonedOne 6y ago
>90% of those redditors (maybe 99%) will loose a lot of money.
Hatred and spite for "traditional" (and patronizing) investor opinions like this is what is driving WSB.
- SpicyLemonZest 6y agoI mean, maybe, but I'm not sure where you're going with this. If WSB members find it patronizing to be told "this is a bad trade and you'll almost surely lose money", and spitefully resolve to make the trade more and more in response, that seems like a problem with WSB and not with the investor opinions.
- TheAlchemist 6y agoIt's just a fact, sorry if it sounded patronizing. Also - this things happen periodically in the market (check the short squeeze on Volkswagen) Yes - there is a short squeeze, but those redditors gains are only on paper. The stock may even go to 10,000$ from here - nobody knows. But at some point, those short sellers will cover or go bankrupt and the stock will be back to its 'fundamental' price - whatever it is, but certainly not 330$ that we see right now.
- jjeaff 6y agoConsidering all the shorts that need covering, I'd say there is a lot of room for the retail investors to sell and take profit as the shorts close out their positions.