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Interestingly across all of the lauding for the Reddit short squeezing (about how it was a populist uprising against Wall Street, blah blah blah and other simil
by adventured 6y ago
Interestingly across all of the lauding for the Reddit short squeezing (about how it was a populist uprising against Wall Street, blah blah blah and other similar fraudulent non-sense), it's being almost universally ignored that the Reddit crowd is doing nothing more than performing rampant pump and dump schemes on stocks. They're going to leave GameStop to die by the side of the road and they will not care one bit as it gradually implodes back down toward where it was, it's on to the next pump and dump, GME will be yesterday's forgotten news.
There is nothing glorious about what's going on, there's nothing honorable about pumping and dumping stocks for a quick buck. If it were Wall Street behaving this way (as they so often do) it'd be properly called despicable behavior.