5 ms·
The key distinction AFAICT is that r/WSB isn't commanding people to buy, nor does it have any assets of its own. This is just a stochastic result of mania and i
by whomst 6y ago
The key distinction AFAICT is that r/WSB isn't commanding people to buy, nor does it have any assets of its own. This is just a stochastic result of mania and individual investors doing what they believe to be in their best interest.
- snet0 6y ago> r/WSB isn't commanding people to buy ehhhhhh... I've seen plenty of BUY BUY BUY posts. Unless I'm missing your point. I understand what WSB isn't a corporation or entity in and of itself, but it is still a (somewhat) organised group of uh... "investors".
- anupamchugh 6y agoTrue... except they don’t call themselves investors. They relish using terms like autists, degenerates. Basically they enjoy sending across a message more than making a fortune today.. it’s like a cult
- sircastor 6y agoBut aren’t there plenty of “BUY BUY BUY” posts that result in nothing? My understanding prior to this was that r/WSB was typically a lot of hot air being blown around trying to drum up enthusiasm. No different than your uncle saying at the table “I’ve invested in... and it’s going sky high!” The bar to qualify this random association of people as organized seems pretty high.
- snet0 6y agoYeah absolutely, this is one of the few shots that landed, but it was still a very obvious shot. I qualified "organised" with "somewhat", because nothing in this kind of place is ever really organised, but I mean just look at what they've done. You couldn't do this with a fully disorganised group.
- Uw7yTcf36gTc 6y agoCramer says buy buy buy almost every day on his show during lighting round. Is that manipulation too?
- cm2187 6y agoA conspiracy doesn't require one organiser to command the others, any willing participant is just as guilty. Which is why it is hard to prosecute, you need to prove intent. And it seems that it is exactly what those guys documented on reddit.