3 ms·
> This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else. You are 100% righ
by maest 6y ago
> This has the veneer of a crowd sticking it to someone they felt exploited by, but in the end, they're just being exploited by someone else.
You are 100% right and that's what's going on.
However, the pump-and-dump kinda took a life of its own becuase GME is a perfect storm:
* it's a highly shorted stock, so the chance of a short squeeze is high
* there's a (misguided) wall street vs retail narrative going on
* GME is a name everyone knowns, especially the reddit crowd, so people are more willing to buy in
People are being duped into raging against the machine right until they lose their life savings, while u/deepfuckingvalue and friends are laughing all the way to the bank.
And when it will all collapse, everyone will point fingers at the rigged market, instead of realising they shouldn't have thought twice before jumping in this senseless buying.
- mckirk 6y agoRetail investors being blocked from buying while short sellers use ladder attacks to buy back shorts cheaper very much seems like a 'rigged market' though, no? (Even if the move to block buyers wasn't orchestrated.) Granted, the big fish are just playing the game, but that doesn't mean it's just 'whining' to take serious issue with how it's played.
- space_rock 6y agoExcept this is all trur at the same time. It's a rigged market, it's a pump and dump and a protest all in one https://twitter.com/IsicaLynn/status/1354894529208348673?s=20 https://twitter.com/IsicaLynn/status/1354894529208348673?s=2...
- imtringued 6y ago>And when it will all collapse, everyone will point fingers at the rigged market, instead of realising they shouldn't have thought twice before jumping in this senseless buying. https://www.reddit.com/r/wallstreetbets/comments/l8b92a/cnbc_thinks_loss_porn_isnt_a_thing/glbmmv4?utm_source=share&utm_medium=web2x&context=3 https://www.reddit.com/r/wallstreetbets/comments/l8b92a/cnbc... Are you sure?