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Re:Slavoj Žižek: What the wallstreetbets story tells us by MuffinFlavored on Monday February 01, 2021 @01:40PM (#25991819)
I probably deserve to get downvoted for this but the same way Trump got kicked off of Twitter for spreading misinformation, I kind of wish r/wallstreetbets would start getting more heavily moderated/"fact checked".

There are tons of "fake news" posts regarding things like current short interest statistics, Melvin Capital's open/closed positions, etc. spreading like wildfire.

You have hundreds of thousands (if not millions) of active participants believing that the purchase of fractional shares in GME (a ~$200-$300 stock) is "retail banding together to create a giant force, able to move the market".

It almost seems unethical to allow so many "poor suckers" part ways with their money the way r/wallstreetbets is encouraging right now. It's literally cool and upvote worthy and trendy to have double, triple, or quadruple digit losses. "Don't gamble more than you can lose" should be shortened to "you really shouldn't gamble on this, at all".

"if DFV doesn't sell, I won't sell"

DFV already closed a massive, life changing gain.

Re:Slavoj Žižek: What the wallstreetbets story tells us by rspeele on Monday February 01, 2021 @05:14PM (#25994801)
The claims and the consequences are very different, but I definitely get the same sense I got reading Q stuff when I skim the current WSB page.

- The media, government, and elites are conspiring against us.

- Info that says short interest has decreased / shorts have covered is propaganda and should be ignored.

- Info that says short interest is still sky-high is to be believed without question.

- Parties who were on our side of the bet but are now advising caution (e.g. Burry or S3) must be malicious or compromised, can't possibly be genuine.

- Mix of facts with misunderstood interpretations thereof: 140% short interest is very high (fact), 140% short interest should not be legally possible (misunderstanding).

- The dark truth we are about to reveal (counterfeit stocks?) has been going on for a long time, but now the wool will be lifted from the eyes of the nonbelievers.

- Your continued belief in "the plan" is important. You must keep the faith!

- "The Event" will take place on X date, but when it doesn't, no problem: it was always going to be Y date that It Happens.

- We all KNOW our version of the story is right. What particular pieces of evidence are so rock-solid and convincing? Oh, well, there's SO MUCH, but it's not my job to spoon feed you the facts. If you don't know, you clearly haven't been paying attention and should do your own research.

- If somebody published something saying that we're wrong, it means that "They" are scared of us. We must be getting close.

I don't know whether WSB's narrative is right or wrong, which is why I am on neither side of this trade and merely watching with interest from the sidelines. They could very well be correct about all of this.

I also am not trying to allege that being a "GME to the moon" person makes you a "Q person". They are completely different sets of beliefs. All that I'm observing is that the marketing of the ideas is similar.

Re:Slavoj Žižek: What the wallstreetbets story tells us by netsharc on Monday February 01, 2021 @06:21PM (#25995502)
Hear hear. Even on here people were throwing conspiracy theories around like they're facts...
Re:Slavoj Žižek: What the wallstreetbets story tells us by goldsphinx on Monday February 01, 2021 @01:53PM (#25992025)
WSB is a hub for psychological manipulation, preying on emotionally vulnerable people. Coronavirus is real, but the more important shadow pandemic is spiraling mental health crisis.

its amazing to see WSB'ers so confidently parroting terms like "short ladder attack" when they don't even know what a P/E ratio is