Ask HN: How is GME not a pump-and-dump?

Re:Ask HN: How is GME not a pump-and-dump? by bjourne on Saturday January 30, 2021 @10:41AM (#25969919)

If I understand what you're saying is that what WSB is doing isn't anything new but something hedge funds has been doing against each other before? The novel part of it is that their "attack" is organized through a Reddit community and requires lots of people pooling their money together? If they "win", they get their money back?

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Re:Ask HN: How is GME not a pump-and-dump? by imtringued on Saturday January 30, 2021 @11:40AM (#25970495)

The VW squeeze happened because Porsche wanted to acquire VW which means it is not going to sell shares because that would prevent the acquisition. In this case you have irrational people who decorate their broker apps with GME stocks like people decorate their rooms with wallpaper.

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Re:Ask HN: How is GME not a pump-and-dump? by nowherebeen on Saturday January 30, 2021 @12:40PM (#25971074)

I think too many people are underestimating WSB users. It really shows from comments like these.

Disclaimer: I am not one.

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Re:Ask HN: How is GME not a pump-and-dump? by jmiskovic on Saturday January 30, 2021 @01:04PM (#25971309)

I spent some time with that community in last days. A fascinating bunch.

There's some very well written analysis between emojis. I guess some professionals are involved, that enjoy the attention and influence they get there.

Lots of inside jokes and repeated text blocks (that smell like broadcast propaganda). VERY positive energy overall.

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