Yes it does. The entire WSB narrative encourages everyone to buy more GME and never sell it. They’re not doing this as a favor to readers. They’re doing it because encouraging others to buy and hold is what drives the price up. Their “mother of all short squeezes” theory doesn’t match reality at all.
I have never seen a more lucrative spread market.
Every time these diamond handers have this thing range bound for a few days, spread traders are making like how many percent? A hundreds?
Sure these occasional blow offs can wreck the position, but its limited risk.
GME doesn’t issue dividends and they will need to sell stock to change course, this requires even more new investors than now to perpetuate.
There is an arbitrary distinction between pyramid schemes and respected financial realities. It isn’t really useful to draw the line, just play the game or don’t.
I'm not aware of any long-term meme-stock trading "strategies" being peddled around - it's pretty clear that it's mostly gambling and people are simply making one-off bets.
On the other hand, the various "trading" schemes (whether Forex or crypto or binary options) typically rely on the promise of long-term, sustained profits, buying various courses or trading tools and referring other people to it.