News for hackers. Stuff that matters.

A comment on GameStop Is Rage Against the Financial Machine. Parent comment

Re:GameStop Is Rage Against the Financial Machine by moolcool on Wednesday January 27, 2021 @12:07PM (#25930681)
Every thread about WSB has comments like this, pretending that tons of stupid kids haven't made fortunes rolling the dice on meme stocks. You ignore or misunderstand what's going on at your own peril.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by germinalphrase on Wednesday January 27, 2021 @12:17PM (#25930834)
There are something like 3 million subscribers to WSB. How many people are really making that kind of money on meme stocks?
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by moolcool on Wednesday January 27, 2021 @02:35PM (#25932809)
Where have you been? TSLA was one of the biggest meme stocks and WSB won big.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by germinalphrase on Wednesday January 27, 2021 @02:39PM (#25932866)
I hear the hype. I see a few big winners, but there are a lot of people piling on that don’t know the first thing about why prices go up and down.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by moolcool on Wednesday January 27, 2021 @03:11PM (#25933279)
So what?
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by germinalphrase on Wednesday January 27, 2021 @03:38PM (#25933604)
If the argument is everyone’s making bank on these meme stonks and it turns out to only be a tiny fraction of the user base that are ending in the black, the argument isn’t very well founded.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by moolcool on Wednesday January 27, 2021 @03:47PM (#25933713)
You can make that argument about literally any retail investing. Of course it's a gamble, it's right in the title. Wall Street Bets.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by germinalphrase on Wednesday January 27, 2021 @03:55PM (#25933794)
You are simultaneously deriding those skeptical of WSB while telling off my skepticism by saying “of course they’re rubes!”
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by moolcool on Wednesday January 27, 2021 @04:52PM (#25934503)
Some of them are really intelligent investors who know what they're doing, and some others are jumping on the bandwagon and don't really understand what's going on.
[ Parent | on HN ]
Re:GameStop Is Rage Against the Financial Machine by aurelius12 on Wednesday January 27, 2021 @06:23PM (#25935584)
98% of them have no idea what's really going on.
[ Parent | on HN ]