Yeah, whenever it starts to drop there's going to be a panic of sellers trying to get out.
I haven't looked at the Reddit in question, but I'd be willing to bet they aren't making sound financial decisions themselves. I suspect there's a lot of people on that side way over leveraged and way too greedy to take profits and instead throwing more money they don't have into more shares.
Most of these people aren't trying to make money. They're sending a message. They're announcing to the whole world that brazen market manipulation is now for everyone, and the elites can't stop them without revealing to everyone just how rigged the game truly is.
I'd be willing to bet they aren't making sound financial decisions themselves
Hey, we're off the charts in terms of the U.S. economy. We're on the part of the map that says, "here, there be dragons."
The people playing this game aren't doing anything that the big brains in U.S. government and the Federal Reserve haven't already done at a much larger scale.
I don't blame them they do what they want to do. Not my money or life, so not my call. I think what I was getting at is I really see this as the kind of people that are so over-leveraged that when something pops, they are pretty much bankrupt. That's what I meant by sound decisions. But again, that's just my way of doing things. As long as they don't want free shit from me when they screw up I don't care.
And yeah, the economy and particular the stock market is totally effed up. I'm usually good at evaluating stocks (at least with respect to my earning goals), but trying to find things to buy now really just leaves me with a funny look on my face.
From what I've seen even when they do things that are "sound" they crank them up to 11 so that if something goes wrong it becomes a bloodbath.
Back in March there was a guy who got a $275k margin call for leveraging a 55/45 UPRO/TMF portfolio (which itself consists of triple-leveraged funds). Because something that wasn't supposed to happen -- the S&P 500 and long-term Treasuries both being down simultaneously -- happened.
Meanwhile if you just held on to that portfolio unleveraged you did pretty well for yourself last year.
Yeah that's not a bad portfolio at all as-is. I'm not into leveraging on stocks myself anyway. There's plenty of ways to increase risk/reward without buying on margin. I've just learned I'm not the gambling type. I'm still grumpy about my oil ETFs falling apart last year as it is.
They can have their crazy shit, I'll stick to boring stock trading and my real estate investments.
Anyone buying now on the hype is going to get burned and get burned hard in the long run because gamestop is probably going to plummet to below its december price of 10 dollars once this is all said and done and the panic selling ensues.
Yeah, whenever it starts to drop there's going to be a panic of sellers trying to get out.
I haven't looked at the Reddit in question, but I'd be willing to bet they aren't making sound financial decisions themselves. I suspect there's a lot of people on that side way over leveraged and way too greedy to take profits and instead throwing more money they don't have into more shares.
Most of these people aren't trying to make money. They're sending a message. They're announcing to the whole world that brazen market manipulation is now for everyone, and the elites can't stop them without revealing to everyone just how rigged the game truly is.
Hey, we're off the charts in terms of the U.S. economy. We're on the part of the map that says, "here, there be dragons."
The people playing this game aren't doing anything that the big brains in U.S. government and the Federal Reserve haven't already done at a much larger scale.
I don't blame them they do what they want to do. Not my money or life, so not my call. I think what I was getting at is I really see this as the kind of people that are so over-leveraged that when something pops, they are pretty much bankrupt. That's what I meant by sound decisions. But again, that's just my way of doing things. As long as they don't want free shit from me when they screw up I don't care.
And yeah, the economy and particular the stock market is totally effed up. I'm usually good at evaluating stocks (at least with respect to my earning goals), but trying to find things to buy now really just leaves me with a funny look on my face.
The world economy is in full Drew Carey mode.
r/wsb is literally a meme sub where people go yolo thousands of dollars to -500%.
One guy glitched the Robinhood app to turn $2000 into -$50,000 box calls and the app admins had to ban the technique hours later.
So Robinhood were pretty salty on the sub. Then the wsb mods banned the Robinhood official account. Kek.
It's not serious investing in the slightest.
From what I've seen even when they do things that are "sound" they crank them up to 11 so that if something goes wrong it becomes a bloodbath.
Back in March there was a guy who got a $275k margin call for leveraging a 55/45 UPRO/TMF portfolio (which itself consists of triple-leveraged funds). Because something that wasn't supposed to happen -- the S&P 500 and long-term Treasuries both being down simultaneously -- happened.
Meanwhile if you just held on to that portfolio unleveraged you did pretty well for yourself last year.
Yeah that's not a bad portfolio at all as-is. I'm not into leveraging on stocks myself anyway. There's plenty of ways to increase risk/reward without buying on margin. I've just learned I'm not the gambling type. I'm still grumpy about my oil ETFs falling apart last year as it is.
They can have their crazy shit, I'll stick to boring stock trading and my real estate investments.
Anyone buying now on the hype is going to get burned and get burned hard in the long run because gamestop is probably going to plummet to below its december price of 10 dollars once this is all said and done and the panic selling ensues.