02-12-2021, 12:41 PM
(02-12-2021, 10:28 AM)Otter Wrote:They apparently also "collectively thought" this trick was going to work on command every few weeks. HF seemed caught a little off guard on GME etc. It's not too hard to see it coming on day one and protect yourself for a few days before the imminent fall.(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.
Watched a guy lose $18K of his $20K port yesterday on weed stock calls that expire today. Lost most of it in under an hour. I don't remember it quite this stupid during the tech bubble. Not quite the same as a kid spending his $1K going long on a bunch of BK bound garbage. It's entertaining but still cringeworthy.