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I ended up buying a couple stocks late in the game, fully expecting to lose the money. First, it's not my retirement or long-term cash, more of a hobby. And tha
by UseStrict 6y ago
I ended up buying a couple stocks late in the game, fully expecting to lose the money. First, it's not my retirement or long-term cash, more of a hobby. And that hobby quickly turned into sending a message after watching those rich SOBs literally cry about being hurt by the free market, and then try and end/manipulate it to their advantage.
- holtalanm 6y agoI missed the boat, but I'm cheering all of this on from the sidelines.
- spookthesunset 6y agoYou are probably an outlier. Look at the average newbie on WSB. Look at the upvoted posts and comments. It is pure mania at this point. I promise a ton of people are convinced this is their ticket and throwing in far more than play money.
- imtringued 6y agoI have seen a lot of people throw in fractions of a share or less than 10 shares. What you might have observed is the law of large numbers. When you have 4 million people putting in fuckyou money some of them actually have a few hundred thousand to spare and those get voted up.
- theturtletalks 6y agoI keep hearing this argument, but Robinhood's actions will directly cause those people to lose money. By only allowing to sell the stock, most people will hop out or hedge which will tank the price. If they let it play out, then they can blame the market for the outcome.
- dillondoyle 6y agoi wish i could triple up vote this. This morning it seemed to be mostly rising (I saw up to like $470 when I was selling) right until I saw tweets about the blocking of buying and it tanked.
- theturtletalks 6y agoAnd the same people Robinhood was trying to "save from themselves" weren't able to buy the dips, but the hedge funds could recoup the losses from the shorts in that time frame.