Oh, ok. Are you the same poster who loses her sh!t everytime someone compares the reddit mob to the QAnon insurrectionists? |
DP. Disagree. I think most of the posts in this thread are on the side of the redditors (never thought I'd say that lol) but there's one poster who isn't. He thinks he knows better than everyone else (that actually sounds like a redditor) and that he's right and everyone else is wrong. I'm not sure I'd put him on the side of "Dems and Congress". More like he's on the side of the status quo and hedge funds. Which is what a lot of the talking heads on the mainstream media yesterday were doing, too. |
Nice conspiracy theory ya got there. |
+1. I am as Dem as it gets. But I against Robinhood. I would not necessarily say I support the redditors. I wasn't really rooting for them before RH pulled that number yesterday. There seems to be a couple of people bashing the redditors on this thread. And that's about it. Most of the comments are supporting them. |
Yes, the "hyperbole" defense that the QAnon people are using in court right now. I have heard of it. It's the new affluenza defense. One day you will be old enough to look at a thing and say "I have seen this one before." I go all the way back to the 87 crash. I remember how individual investors got screwed, and they implemented the SOES system for small traders and how that got taken over by the SOES bandits, who were prosecuted for securities fraud. I remember the pump and dump schemes on the pink sheets, and how they went online on the stock boards. It is all familiar. |
I'm a Dem and don't support either side. The stock market is basically about making free money, so it's inherently corrupt. What makes the redditors even worse is that they try to posit themselves as common everyman heroes while throwing away their money, while it could be used to help the truly downtrodden who are losing their homes during a pandemic. |
Im the pp. I’m the person who spent $100 on amc yesterday too. I hate trump with the fiery passion of the surface of the sun. I voted for Elizabeth warren and i hope they take these criminals to the cleaners. Funny to hear you losers try to flip the script about dems protecting Wall Street when it’s republicans who have historically lined their pockets as they deregulate and leave regular people to deal with Their house being foreclosed |
Nope that’s me, you piece of dog poop |
Some of the same people dummie |
m I think far more of the newly rich redditors will be donating to food banks than the hedge funds would had they been able to keep their money |
There are people on Reddit saying they took their “winnings” to pay for vet care, or a medical bill or pay rent/mtg payment. One of the WSJ interviewees said he was using the money to stave off bankruptcy |
Redditors have destroyed $19b in as-of-yet-unrealized losses over Gamestop stock and $70b in as-of-yet unrealized losses from driving up various shorted stocks.
Creative destruction indeed. https://markets.businessinsider.com/news/stocks/short-sellers-sitting-on-19-billion-of-losses-on-gamestop-data-shows-2021-1-1030020684 |
Yes, some retail investors are making a lot of money on this. And some are losing money, money that they can afford to lose and money that they cannot afford to lose. That's how gambling works. |
I would like to take this chance to remind everyone that investments in the stock market do not come with guaranteed returns, and that hedge fund short selling is an inherently risky chance to take (and comes with potentially limitless losses), and that the reason why you can make lots of money is because of the risk. At least, that's what's been bleated at me my whole life.
Businesses and investors deserve the wins because they risk the losses. They don't deserve the wins because they are already wealthy and are protected from losses. |
I don't. I think that's a speculative fairy tale told to justify selfishness and wastefulness. |