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A comment on Statement of SEC Regarding Recent Market Volatility. Parent comment

Re:Statement of SEC Regarding Recent Market Volatility by PartiallyTyped on Friday January 29, 2021 @05:47PM (#25963809)
Then you haven't been paying attention to WSB. WSB knows full well they will lose everything. We call it Loss Porn and it gets us going. When you see 5,6,7 figures in losses you get desensitised to it. It's a casino, yes we sometimes make money, we call that the first time, you know, the first one is free.

Besides the jokes and the memes, Chamath went on CNBC and argued that WSB provided very good due diligence in some instances. Yes a lot of it is utter garbage, no doubt, but when there are specialists there able to call each other out, you get to see good analysis.

[ Parent | on HN ]
Re:Statement of SEC Regarding Recent Market Volatility by sanderjd on Saturday January 30, 2021 @11:32AM (#25970410)
What a lot of you are missing is that this isn't happening within your little WSB playground anymore. It's just a regular stock frenzy now, it's not even really all that relevant anymore how it started.
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Re:Statement of SEC Regarding Recent Market Volatility by PartiallyTyped on Saturday January 30, 2021 @03:41PM (#25972802)
I agree, unequivocally, my comment was meant to point the parent comment is filled with ignorance.
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Re:Statement of SEC Regarding Recent Market Volatility by mike00632 on Saturday January 30, 2021 @12:15PM (#25970820)
Haven't been paying attention... It must not be in the news, right? This is more of a niche interest, not getting any attention. Hard to pay attention to. You really have to be focused on WSB subreddit to know what's going on, right? It's really a few key people understand it. Anyways, yeah, GameStop is a great company with a great stock and some evil hedgefund is going to lose billions for trying to manipulate the price!
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Re:Statement of SEC Regarding Recent Market Volatility by PartiallyTyped on Saturday January 30, 2021 @03:40PM (#25972790)
And that is a straw-man, I never claimed any of what you are accusing. You have nothing to say, so you twist the words. Quite sad actually to see this in Hackernews of all places.

I claimed that if you have your information about WSB from anyone but yourself, you have most likely been duped in some way or another and that is evident by how you talked about WSB, full of ignorance.

> Anyways, yeah, GameStop is a great company with a great stock and some evil hedgefund is going to lose billions for trying to manipulate the price!

Nobody said GME is a great company. What are the odds the proletariat on reddit throwing money into the fire pit in an attempt to hurt the rich is attempting to con you, and what are the odds somebody who stands to lose billions and already lost is?

gmedd.com, or you know, do your own DD.

[ Parent | on HN ]