Re:Reddit’s ‘GMEBagHoldersClub’ Is Where GameStop Stock Buye...
by BoorishBears on Saturday February 06, 2021 @11:12AM
(#26047459)
No, I think you're missing the point.
WSB has gotten very large very quick since the WSBGod saga
In the old days enough people would have went in with that mentality to make it representative of the situations, but today most people there are just people looking for a ticker to buy because they heard WSBs has made people millionaires
Percentage-wise the people who did this with the primary motive of screwing over hedges and were ok with losing money are a large part of where this started but an extremely small part of where this ended up.
That's why places like Citadel are showing retail investors were net selling almost immediately after this blew up past the subreddit
It's out of date to give WSB this much credit, a bunch of people saw dollar signs off a pump and "hold the line until I can dump" and got screwed
WSB has gotten very large very quick since the WSBGod saga
In the old days enough people would have went in with that mentality to make it representative of the situations, but today most people there are just people looking for a ticker to buy because they heard WSBs has made people millionaires
Percentage-wise the people who did this with the primary motive of screwing over hedges and were ok with losing money are a large part of where this started but an extremely small part of where this ended up.
That's why places like Citadel are showing retail investors were net selling almost immediately after this blew up past the subreddit
It's out of date to give WSB this much credit, a bunch of people saw dollar signs off a pump and "hold the line until I can dump" and got screwed