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I love the trading advice, just buy and hold. This is the next generations occupy Wall Street
by reidjs 6y ago
I love the trading advice, just buy and hold. This is the next generations occupy Wall Street
- ALittleLight 6y agoThat seems to be contrary to the sentiment expressed in the reddit post - "There's also too much political bullshit in a community that was never ever political. The only way I want to occupy Wall St is in a suit myself or rent-free in the mind of a blown up short."
- reidjs 6y agoIt seems to me instead of holding ineffective street protests they are actively trying to get a piece of the pie, or destroy it in the process.
- MrMan 6y agoIt's just manipulation- as a flood of rubes come in to "buy and hold" the price explodes and then some rubes get into options trades that give them downside exposure, some short the stock, some believe the hype and think it's an investment, and some are there to speculate but can either only go long or get the timing wrong. So the buying pressure at some point subsides, and momentum to the short side builds as people exit. Participants in these forums like yahoo finance before it are constantly trying to exhort the group to move into names in which the touts already have positions setup.