Re:Meme Stocks Lose $167B as Reddit Crowd Preaches Defiance
by allendoerfer on Tuesday February 02, 2021 @10:35PM
(#26010334)
The timing here is actually the most important detail. What I am saying is: It is not the case, that r/wsb decided today to drop GME and invest in SLV instead, like the reports suggest.
I am actually relieved, that there were indeed stories about it and it was not totally made up. I still find the timing worth noticing.
Re:Meme Stocks Lose $167B as Reddit Crowd Preaches Defiance
by tumbleweeds on Tuesday February 02, 2021 @10:45PM
(#26010381)
From some links I saw over the weekend, the idea was to buy physical silver. Some coin places over the weekend were all out, however true or not that may be. The SLV stock may be someone else trying to fly under the guise of r/WSB's growing mass confusion to buy-low-and-HODL anything.
Re:Meme Stocks Lose $167B as Reddit Crowd Preaches Defiance
by esyir on Tuesday February 02, 2021 @11:57PM
(#26010736)
They're not just some hours it feels, they're some days to a week behind. I've been following this one for a week or two now, and silver was never the mainstay. It was there in small quantities, but generally drowned out by $GME, and even $BB and $AMC. Maybe sometime it would be fun to do some analysis of relative mentions of $SLV and other silver related things as compared to GME/BB/AMC.
Selective reporting is one of the more sneaky forms of bias after all. No need to blatantly lie when you can paint a different truth with parts of the whole.
On an aside, popular is an interesting way to describe those posts. 14k peak upvotes with many of the ones cited at 4 digit upvote totals. That's not what I'd call popular, especially considering the rapid growth of the sub.
Re:Meme Stocks Lose $167B as Reddit Crowd Preaches Defiance
by Jimmy4258180 on Tuesday February 02, 2021 @10:52PM
(#26010422)
I’ve been on the sub as a lurker for about a year now. GME posts or otherwise the most commented topic was to buy GME. I actually never seen a DD on silver on wsb, maybe it did come but must’ve been removed by mods.
Jan 21st, 12 days ago GME started really being pumped. Then 6 days ago they just started simultaneously piling onto silver pumping threads, along with GME. When the GME outrage started due to the buying halts on Jan. 28th, there was a huge flood of activity, and people piled back entirely onto GME that day, but at the same time reporters were combing through the previous threads, that were pumping silver, and started writing articles assuming silver was the next pump. They weren't making anything up, they're just some hours behind the top threads of WSB because of how chaotic the activity is.