Stock of the Day
Stock of the Day
Out of context: Reply #258
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- sarahfailin-4
hot take: WallStreetBets trying to break the stock market is basically the same thing as QAnon storming the capitol.
a bunch of disaffected bros banding together with their own truth, hurling their bodies (and savings) against a violently protected institution. nearly all will lose, and a select few will profit.
- free market, bros, free market!monospaced
- Lol @ "trying to break the stock market". that's not what they're doing or want to. Maybe they just want to burn some hedgefunds by squeezing them.NBQ00
- ...which I don‘t mind at all.NBQ00
- they view the hedge funds as manipulators, so they wanted to get them back ... but nobody discussed the fact that they would sell for profit :)monospaced
- unfortunately, this kind of retaliatory manipulation results in even more people burnedmonospaced
- meanwhile it is so easy to take advantage of it and make insane amount of money while the rest thinks you're "fighting".********
- yeah, pretty much, because did we really think they would drive it up and just be like, cool, we'll hold and chill? C'mon.monospaced
- Maybe all of it is part of one big decentralization trend; wikipedia, youtube, uber, airbnb, bitcoin, collaborative economies etcdrgs
- alternate take: These hedgefunds got caught out in what should be illegal naked short positions (remember Lehman Bros?). This is market justice.monNom
- This narrative that this is an 'attack' by retail investors is solely because hedgefunds invest money for very wealthy people... and they are now losing it.monNom
- the wagons are circlingmonNom