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It’s really not a cesspool. Outside of the frenzy, they do a solid job (when things are quiet) of finding cheap stocks with a potential to move within a year.
by runawaybottle 6y ago
It’s really not a cesspool. Outside of the frenzy, they do a solid job (when things are quiet) of finding cheap stocks with a potential to move within a year.
Even GME, before the phenomenon, the subreddit was mostly targeting 40 dollars around April earnings. The short squeeze was a real tactical play, but most people weren’t 100% on that as the main catalyst (as in, most people really thought the ps5/Xbox sales would be realized at earnings time beyond the ridiculous short position of bankruptcy).
It’s a pretty sensible subreddit.
- systemvoltage 6y agoI’ve been following it for 7-8 years now. Lots great DDs that didn’t turn out as well. After sterilization (ignoring 99% of the nonsense comments), I just see more guess work than anything else. Before GME, there was RiteAid, we all know how that panned out.
- runawaybottle 6y agoSo we can’t knock a community for throwing ideas out there. I’ve gotten ideas from WSB that have led me to other ideas. It’s an alright subreddit, but to disparage them as dumbasses is a little much (they do enough of that to themselves as is).
- systemvoltage 6y agoNo doubt, there is some good stuff in there as well. A few DDs are very in-depth and surprisingly good. I don’t think the whole subreddit is like that.
- cinntaile 6y agoDoes DD stand for Deep Dive or what does it stand for?
- jyrkesh 6y ago"Due diligence". It used both as a tag for posts that try to give real analysis, as well as a meme to describe terrible or humorous logic for making trades (e.g. "DPZ DD: everyone at this party just agreed that Dominoes Pizza is the best pizza, go long DPZ", stupid stuff like that).
- wolfretcrap 6y agoI always thought it meant doubling down.
- tmotwu 6y agoEven Wall Street has losers, of course not every DD will touch gold. People in a forum like HN would ought to know Wall Street has been gamified for the longest time. People will gamble irregardless if they do so on the stock market or not. The people calculated enough to make money knows the sort of risk they are taking. The earth continues the spin - the only difference is that some retail investors having started taking note of what has been happening and are capitalizing on it. Chamath or Elon and their vested interests are irrelevant - backing democratization or individual investors isn't a bad thing.
- segmondy 6y agoSo it's a cesspool and yet you have followed it for 7-8yrs? Please! It definitely has amazing value for you to follow it for 7-8yrs, there are few things that I have used for 7-8yrs. I have been following it since last year and it's amazing. Sure, you have to dig out the gem, but it's like mining for gold or diamond. Gotta do the work.
- jyrkesh 6y agoYeah, and there was also TSLA and AMD and MU and others that did great. The point is that they actually write out real strategies/positions as "DD", and you can make your own decisions.
- systemvoltage 6y agoOh my, good ol' memories of $AMD and $MU. They did pan out!
- Seanambers 6y agoIn the modern american economy nobody except perhaps onlyfans have created so many new millionaires as wsb :)))