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Do not forget the emotions at play. Financially it might not make sense, but the feeling to be part of the team that "sticks it up to the man" might play a role
by FreshFries 6y ago
Do not forget the emotions at play. Financially it might not make sense, but the feeling to be part of the team that "sticks it up to the man" might play a role in the decision to join, even this late.
- jusssi 6y agoThey'll be sticking it up to the man at their expense, or the bigger sucker that comes in after them. Maybe it's worth the money for some. Sooner or later it will pop, it's not like the GME business suddenly got 50x more valuable (and it's not looking to get, any time soon). So the last suckers will be left with an expensive paper that pays little to no dividend, or they can try to sell it to a market where no one wants it.
- alphabettsy 6y agoRead the threads. It’s very clear that people understand that. Some of these people bought fractional shares just to participate in potentially bankrupting a hedge fund.
- deleted 6y ago[deleted]
- eldelshell 6y agoYeah, the whales already invested when it was >60. Those buying at 400 are small investors with a few bucks that are riding the social hype with YOLO money. They don't really care about that money if they can say "I was there". Try to train a HFT algorithm to account for this.