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Clearly people here and these news articles are clearly missing the point. People aren't betting on GME not only because they think they'll get lots of profits
by traveler01 6y ago
Clearly people here and these news articles are clearly missing the point.
People aren't betting on GME not only because they think they'll get lots of profits. Heck, some clearly say they're expecting to lose the money. They're doing it to screw over Wall Street hedge funds and some of them really did get screwed.
As always people lack to see the root of the issues and take or praise the wrong measures. It's as always the problem of the chicken and the egg but nobody seems to have the clue on who's the chicken.
- BoorishBears 6y agoNo, I think you're missing the point. WSB has gotten very large very quick since the WSBGod saga In the old days enough people would have went in with that mentality to make it representative of the situations, but today most people there are just people looking for a ticker to buy because they heard WSBs has made people millionaires Percentage-wise the people who did this with the primary motive of screwing over hedges and were ok with losing money are a large part of where this started but an extremely small part of where this ended up. That's why places like Citadel are showing retail investors were net selling almost immediately after this blew up past the subreddit It's out of date to give WSB this much credit, a bunch of people saw dollar signs off a pump and "hold the line until I can dump" and got screwed