02-12-2021, 10:28 AM
(02-11-2021, 12:05 PM)fenders53 Wrote: Still checking in on Reddit daily and it's getting painful to watch these fools show up a day late and buy the top. Add some weed bag holders and they probably jst lost the sympathy of Congress at the hearing next week. Their successful attempts at pump and dump are just as illegal as what the HF shorters are doing.
There are over a million people subscribed to wsb. I have no doubt that pretty much every hedge fund has at least one or more employees with active accounts on wsb. All sorts of stuff getting pushed on there by anonymous sources. At this point, although it is big enough to move markets when a coordinated push happens, it is also too big and too disorganized to be efficient at it.
They may spike or tank the odd ticker or two every once in awhile, but at the end of the day, it is just another source of information to the market, like Motley Fool used to be, or Seeking Alpha.