News for hackers. Stuff that matters.

A comment on “WSB veterans know that they're making a suicide charge for the memes”. Parent comment

Re:“WSB veterans know that they're making a suicide charge f... by okprod on Tuesday February 02, 2021 @01:44PM (#26004848)
From what I've seen on Reddit and TikTok, many involved are young and holding to make a point, regardless of the pump. A portion of these are also hoping to make it rich, and get rich quick schemes rarely pan out.
[ Parent | on HN ]
Re:“WSB veterans know that they're making a suicide charge f... by lm28469 on Tuesday February 02, 2021 @01:59PM (#26005056)
What if they've been tricked into buying now to cover the exit of early investors? People keep saying it's not about the money but the ones who keep quiet are making millions
[ Parent | on HN ]
Re:“WSB veterans know that they're making a suicide charge f... by notyourday on Tuesday February 02, 2021 @02:54PM (#26005720)
> From what I've seen on Reddit and TikTok, many involved are young and holding to make a point, regardless of the pump.

Most of them bought in highly concentrated margin accounts. They will be force sold by the broker as a result of a margin call.

[ Parent | on HN ]
Re:“WSB veterans know that they're making a suicide charge f... by okprod on Wednesday February 03, 2021 @11:21AM (#26015137)
I don't know, there is some of that but also a ton of people buying like 1 share or 20 shares.
[ Parent | on HN ]