Re:Bankrupt Hertz targets Robinhood traders in plot to dump ...
by dragontamer on Friday June 12, 2020 @08:36PM
(#23505495)
> "Users holding" is a pointless metric.
This is a stock which had far fewer than 5000 holders a few months ago, and now has 170,000 holders in Robinhood.
> How many are holding $10 as a joke?
Fewer than 165,000 people. While I'm up for allowing a certain level of stupid waste their own money... the number of buyers is beginning to make me worried.
You know that any stock that goes up and down by 500%ish in a few days is going to attract the attention of "dumb money". We all know where this is going.
Yeah, dumb money will do what dumb money does. A fool and their money are soon separated, etc. etc. The morality question we have to pose to ourselves however, is how "stupid" is "too stupid". Surely you draw a line somewhere?
This is a stock which had far fewer than 5000 holders a few months ago, and now has 170,000 holders in Robinhood.
> How many are holding $10 as a joke?
Fewer than 165,000 people. While I'm up for allowing a certain level of stupid waste their own money... the number of buyers is beginning to make me worried.
You know that any stock that goes up and down by 500%ish in a few days is going to attract the attention of "dumb money". We all know where this is going.
Yeah, dumb money will do what dumb money does. A fool and their money are soon separated, etc. etc. The morality question we have to pose to ourselves however, is how "stupid" is "too stupid". Surely you draw a line somewhere?