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A comment on GameStop missed out on capitalizing on the Reddit rally. Parent comment

Re:GameStop missed out on capitalizing on the Reddit rally by fileeditview on Thursday February 11, 2021 @10:33AM (#26102573)
If you have a 7 figure loss you most likely had at least 7 figures in the bank.. not really the typical "simple man".

Also laying blame on deepfuckingvalue seems ridiculous to me. He was basically the only one that invested in Gamestop as a value investment.. about a year ago. Everyone told him he was stupid but he kept with his plan. Then at some point a horde of crazies jumps on the train and now he is taking money from "20 people losing their life savings"? meh...

This whole topic reeks of simplifications, misguided blame and populism.

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Re:GameStop missed out on capitalizing on the Reddit rally by fractionalhare on Thursday February 11, 2021 @10:57AM (#26102981)
> If you have a 7 figure loss you most likely had at least 7 figures in the bank.. not really the typical "simple man".

I do not think this is usually the case on WSB, where people regularly show off trading on margin several times larger than their total account size :)

Even without margin, it's not uncommon to see people freely admitting they put everything they have into a single position (and mods happily verify it).

[ Parent | on HN ]