Re:How r/WallStreetBets gamed the stock of GameStop
by technofiend on Wednesday January 27, 2021 @01:08PM
(#25931577)
If it's sincerely a new phenomenon perhaps you're right, but cynically this looks a lot like pump and dump and frankly that's been around forever.
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Re:How r/WallStreetBets gamed the stock of GameStop
by papreclip on Wednesday January 27, 2021 @01:51PM
(#25932199)
What's new here is that the sales pitch about shorts needing to be covered has more truth to it (I think, not an expert) than the usual vague promises about a huge turnaround being right around the corner. Usually the argument that other buyers will follow you is based purely on their supposed FOMO