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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?
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.
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.
Re:GameStop Is Rage Against the Financial Machine by moolcool on Wednesday January 27, 2021 @03:11PM (#25933279)
So what?
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.
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.
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!”
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.
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.