2 ms·

A less charitable scenario here is that there's a couple cohorts of WSB folks: a somewhat sophisticated set who got in on the Gamestop frenzy earlier (even last

A less charitable scenario here is that there's a couple cohorts of WSB folks: a somewhat sophisticated set who got in on the Gamestop frenzy earlier (even last week!), and a less sophisticated set who are buying now. The former make $$$$ off of the latter, and when things go sideways, just have plausible-enough sounding stories to point that second set of angry people at the hedge fund baddies instead of themselves... If we're speculating about people's motives, let's look at everyone ;)

tal8d 6y ago
Well we could continue stacking assumption upon assumption, with regard to conspiracy, but it looks a little goofy. But who knows, maybe this will be one time Wall Street wasn't the one conspiring, and it was in fact a shadowy flash mob puppet master who executed an uncoordinated attack through emergent behavior. And then we'll finally find the Russian hooker piss tapes.
- majormajor 6y ago
  It's certainly not uncoordinated - the coordinated squeeze attempt is literally the whole advertised point! I'm just amused that the motives of the folks making huge money off of this are going largely unexamined. If you wanted to talk me into buying Gamestop now, you'd have to convince me that it's not just a way of cashing yourself out. (I also think it's a little dirty, at best, for any experienced investor to be talking newcomers in to buying this shit at this point.)
  - tal8d 6y ago
    > ...are going largely unexamined. I've been hearing plenty of accusations of pump and dump, with no further examination. So I don't think that opinion is underrepresented. It is effectively noise anyway, because the same can be said of any investment.
nullc 6y ago
> (even last week!) People have been trying to pump this trade since at least September: https://files.catbox.moe/2cp8f9.jpg https://files.catbox.moe/2cp8f9.jpg

2 ms·

A less charitable scenario here is that there's a couple cohorts of WSB folks: a somewhat sophisticated set who got in on the Gamestop frenzy earlier (even last

by majormajor 6y ago

tal8d 6y ago
Well we could continue stacking assumption upon assumption, with regard to conspiracy, but it looks a little goofy. But who knows, maybe this will be one time Wall Street wasn't the one conspiring, and it was in fact a shadowy flash mob puppet master who executed an uncoordinated attack through emergent behavior. And then we'll finally find the Russian hooker piss tapes.
- majormajor 6y ago
  It's certainly not uncoordinated - the coordinated squeeze attempt is literally the whole advertised point! I'm just amused that the motives of the folks making huge money off of this are going largely unexamined. If you wanted to talk me into buying Gamestop now, you'd have to convince me that it's not just a way of cashing yourself out. (I also think it's a little dirty, at best, for any experienced investor to be talking newcomers in to buying this shit at this point.)
  - tal8d 6y ago
    > ...are going largely unexamined. I've been hearing plenty of accusations of pump and dump, with no further examination. So I don't think that opinion is underrepresented. It is effectively noise anyway, because the same can be said of any investment.
nullc 6y ago
> (even last week!) People have been trying to pump this trade since at least September: https://files.catbox.moe/2cp8f9.jpg https://files.catbox.moe/2cp8f9.jpg