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Out of context: Reply #240

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  • Continuity2

    I'll admit, the FOMO I'm feeling with this whole GME/Reddit thing is real, and I'm regreting not having jumped on, by virtue of being skinter than skint. I reckon it would be too late to jump in today anyway, now that the US government has decided to 'monitor' the situation.

    Still, bigger than that, I wonder if this isn't the start of something. Reading the threads on Reddit, there's a serious tone of wanting to fuck 'the man' over, French Revolution-style.

    Is this where we're going? The revolution will be Reddit-ised?

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    • imagine getting in yesterday morning before the 1st halt, after the 2nd gods of NASDAQ or GME decide to halt it for the 3rd time until the end of the day.sted
    • or worse until the end of the week.
      hype goes away and the price tanks in a matter of minutes.      sted
    • Hope you'r rightgonzalle
    • They exploited their own their own little secrets... +It requires a great deal of cooperation and luck, this is not a sustainable method.sted
    • It only gives you the illusion of a revolution because its 4chan style tonested
    • They are doing it right. This is the wayGnash
    • It’s not about the money, it’s about sending a message.palimpsest
    • The message is "we are many people with no plan and we don't care about the crash we are creating".formed
    • Remember, people only make money when they sell. 99.9% of these fools will be destroyed. All this 'david vs. goliath' bs is total bs.formed
    • The problem is that people tend to abandon their morals when they are faced with a choice between their cause and their riches.nb
    • This whole thing is BS. Artificial and intentional gross manipulation is not legal.monospaced
    • ^ it’s exactly what every Wall Street firm does, monoGnash
    • you make the one point that everyone should take away from this, too, and hedge funds need to have their asses checked quickmonospaced
    • the WS firms do make moves differently, and not entirely out of emotion like this :)monospaced
    • These hedgefunds are in trouble because they shorted more stock than exits. This should be illegal, but they have sneaky ways to get around that.monNom
    • But there is no way around owing a share that doesn't exist and being obligated to buy it at whatever price it becomes available at.monNom
    • Yeah. Except billionaire investors who throw in money to cover losses. Which is what happened.monospaced
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