3 ms·
Yeah I mean the effects of gamma aren't controversial, but the whole concept of being able to move the market with social media posts to force it to skyrocket,
by kevstev 5y ago
Yeah I mean the effects of gamma aren't controversial, but the whole concept of being able to move the market with social media posts to force it to skyrocket, that is more dubious to me. The GME stuff was essentially as far as that concept has ever been taken, and that particular scenario didn't play out- so while theoretical, I don't think this is a real thing with any significant effects. The whole thing about manipulating financial markets for "lols" is just kind of strange to me- and it all feels very dishonest. I have been on WSB for years and occasionally look at stocktwits, and while it used to be mostly harmless, a lot of loss/gain porn, a lot of bad insight, but the occasional nugget of some solid research... it just feels sinister these days. Are these guys really in it for the lols... or secretly hoping to get rich and keeping an eye on their internet friends to ensure they get out before their friends do?
In general though, its not really clear to me who on these financial forums are the manipulators, the manipulated, or just truly clueless. But it's all just kind of upsetting, as it becomes clearer that the internet is spiraling towards ever increasing manipulation.