4 ms·
It's more likely that WSB did not pick NOK, they have been battling infiltration and spamming from hedge funds since last week -- the hedge funds have been tryi
by hardwaresofton 6y ago
It's more likely that WSB did not pick NOK, they have been battling infiltration and spamming from hedge funds since last week -- the hedge funds have been trying to shift the focus of the subreddit to any other ticker that they could. The original suggested tickers are: BB, AMC, and NOK.
I won't get into it too much but the first 2 (BB and AMC) have had some material good news lately (AMC got 900M in funding together and bankruptcy is likely off the table, so that warrants a fundamental pop), but the last one is the obvious trap -- NOK has not had any super significant good news lately, and is not highly shorted. It might gamma squeeze, but I think that it's a trap to push retail into so they can actually dump it, so much so that I bought puts on NOK that I was up on (but suffered a bit from IV crush).
I know HN is just getting to this story, but WSB has been dealing with this for the last like... ~2/3 weeks.
- splistud 6y agoand of course WSB is not a cabal, just a message board