No, WallStreetBets isn’t robbing Wall Street to help the little guy(arstechnica.com)
arstechnica.com
No, WallStreetBets isn’t robbing Wall Street to help the little guy
https://arstechnica.com/tech-policy/2021/01/the-gamestop-bubble-is-going-to-hurt-a-lot-of-ordinary-investors/
2 comments
The narrative of what's happening has evolved too.
It wasn't until retail investors were blocked from buying did people perceive it as a class war. Even on HN, the bigger news is about Robinhood and other firms and how they handled the situation.
At this point, anyone still buying and holding is doing so to make a statement about showing it to the suits, which as you said is going to end up poorly.
I'm also fascinated that the number of subscribers to wsb grew from 1.8M to 4.9M in two days and how they're handling it.
It wasn't until retail investors were blocked from buying did people perceive it as a class war. Even on HN, the bigger news is about Robinhood and other firms and how they handled the situation.
At this point, anyone still buying and holding is doing so to make a statement about showing it to the suits, which as you said is going to end up poorly.
I'm also fascinated that the number of subscribers to wsb grew from 1.8M to 4.9M in two days and how they're handling it.
Ironically, it sounds as if this would be a good time to short the stock. I don't have the appetite for such a bet.