Re:GameStop missed out on capitalizing on the Reddit rally
by fractionalhare on Thursday February 11, 2021 @08:56AM
(#26101515)
Quite a number of redditors lost a lot of money too. If you sorted by new on WSB last week when GME plummeted, you could see lots of posts with 5, 6 and even 7 figure losses.
Given that 6 million of the current 8.5 million WSB subscribers joined after GME popped, I think most retail investors probably lost money. At this point it's a minority who got in early and made a lot of money.
Given that 6 million of the current 8.5 million WSB subscribers joined after GME popped, I think most retail investors probably lost money. At this point it's a minority who got in early and made a lot of money.