You obviously know nothing about the folks at wallstreetbets. It's not just a bunch of random people doing pump and dumps. Their methods and DD might be questionable at times but they base them on something and at times try to stick to that thesis.
Thesis in this case being “let’s protect GME from vultures and make some money on the side?” I have a hard time believing that is anything but PR. I’d hardly call the denizens of r/WSB altruistic. Sanctimonious, energetic, and smart? Absolutely. But they aren’t there because they want to empower the meek against the mighty.
Having lived through a number of cryptocurrency boom/bust cycles I’ve seen first hand how everyone is coordinated and holding the line...until those who have profit in their sights decide to find a bunch of bag holders to cover their exit. Poof.
> Having lived through a number of cryptocurrency boom/bust cycles
Strange statement. Everyone here has lived through the same, you aren't some special snowflake in this regard. Paying more attention than others to the daily price or memes means absolutely nothing in the end.
All the talk of short squeezing and sticking it to the hedge funds and Wall Street aside, they are really basing it on the belief that someone will buy it at a higher price than it is now which will be true until it's not.
Unlike Tesla or Bitcoin which many think are bubbles, this is a case where absolutely no one believes in Gamestop (being a $24 billion company, at least). There's not anyone who thinks holding it forever is a good idea at this price (or even at a fraction of the current price). In these cases when the stock stops going up it implodes very very quickly.
Currencies fluctuate against demand in the foreign exchange market, not against each other. Governments then step up to stabilize that demand. Bitcoin doesn't have that support so it fluctuates wildly, exactly like it's been doing since it's inception.
What prevents those trusted sources from being similarly hacked once they're now the main arbiters of important information? I'd even argue this may be more dangerous especially if tech and security are not their core focus.
Amazon makes substantially more from AWS than its retail segment. Retail revenue is higher but revenue does not equal profit. For instance last quarter AWS revenue was 13% compares to retail but it contributed 52% of operating income.
Easier just to spell it out right here. Bear gang wants the market to die, Bull gang wants the market to moon (go up) and theta gang wants the market to not move at all.
P.S: Stonks only go up! ... I mean down (as of late).
Good point. But then you wouldn't really avoid "737MAX" you'd be avoiding "Boeing". If the price increase theory is correct then you'd end up paying a lot more since you restrict the options of planes a lot more.
I routinely skip breakfast and I have an extremely high metabolic rate and my weight stays within a normal range for my height. I just don't feel hungry in the morning.
There is no one rule that applies to everyone.