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You 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 peop
by spookthesunset 6y ago
You 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.