<story><title>“WSB veterans know that they&apos;re making a suicide charge for the memes”</title><url>https://old.reddit.com/r/AskReddit/comments/l7bl3z/brokers_of_reddit_how_crazy_is_it_where_you_work/gl64yau/</url></story><parent_chain><item><author>Geee</author><text>No, they didn&amp;#x27;t pitch it as a BTC or Tesla. Clearly you haven&amp;#x27;t been following at all what is happening. The pitch was to cause a short squeeze and then selling when it happens. So that only losers would be the short selling hedge funds.</text></item><item><author>lm28469</author><text>I still don&amp;#x27;t understand how they successfully managed to make people think buying shares of a bankrupt company for $350 a pop was a good idea. They pitched it as the new BTC or TSLA but it really is just a text book example of pump and dump. They&amp;#x27;re not &amp;quot;owning wallstreet&amp;quot;, at best they&amp;#x27;re owning a few investors&amp;#x2F;entities who took way to much risks, and that&amp;#x27;s it. The smart ones bought their shares at $5 and sold last week at the peak, any one getting in from now is suffering from massive FOMO.&lt;p&gt;Ronbinhood &amp;amp;co enabled this by gamifying trading, people are just one click away from betting their entire savings based on random social media posts amplified by mainstream media over coverage.&lt;p&gt;If you learn about something like this via mainstream medias or your friend who had no idea what trading was 2 days ago you can be 100% sure that you&amp;#x27;re too late to the party&lt;p&gt;edit: ok, not bankrupt, but clearly not going in the right direction. Either way, not anywhere close to make investors rich quick&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;gamestop-out-of-business-in-digital-age&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;gamestop-out-of-business-in-digital-age...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;is-gamestop-going-out-of-business-dying&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;is-gamestop-going-out-of-business-dying...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;edition.cnn.com&amp;#x2F;2020&amp;#x2F;09&amp;#x2F;10&amp;#x2F;investing&amp;#x2F;gamestop-store-closures&amp;#x2F;index.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;edition.cnn.com&amp;#x2F;2020&amp;#x2F;09&amp;#x2F;10&amp;#x2F;investing&amp;#x2F;gamestop-store-...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.ccn.com&amp;#x2F;gamestops-ultimate-destiny-buyout-or-bankruptcy&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.ccn.com&amp;#x2F;gamestops-ultimate-destiny-buyout-or-ban...&lt;/a&gt;</text></item></parent_chain><comment><author>afavour</author><text>And then the hedge funds said they did indeed sell their short positions, but no-one believed them and the rise continues. There is no way the only losers will be hedge funds at this point, lots of retail investors will lose money.</text></comment>
<story><title>“WSB veterans know that they&apos;re making a suicide charge for the memes”</title><url>https://old.reddit.com/r/AskReddit/comments/l7bl3z/brokers_of_reddit_how_crazy_is_it_where_you_work/gl64yau/</url></story><parent_chain><item><author>Geee</author><text>No, they didn&amp;#x27;t pitch it as a BTC or Tesla. Clearly you haven&amp;#x27;t been following at all what is happening. The pitch was to cause a short squeeze and then selling when it happens. So that only losers would be the short selling hedge funds.</text></item><item><author>lm28469</author><text>I still don&amp;#x27;t understand how they successfully managed to make people think buying shares of a bankrupt company for $350 a pop was a good idea. They pitched it as the new BTC or TSLA but it really is just a text book example of pump and dump. They&amp;#x27;re not &amp;quot;owning wallstreet&amp;quot;, at best they&amp;#x27;re owning a few investors&amp;#x2F;entities who took way to much risks, and that&amp;#x27;s it. The smart ones bought their shares at $5 and sold last week at the peak, any one getting in from now is suffering from massive FOMO.&lt;p&gt;Ronbinhood &amp;amp;co enabled this by gamifying trading, people are just one click away from betting their entire savings based on random social media posts amplified by mainstream media over coverage.&lt;p&gt;If you learn about something like this via mainstream medias or your friend who had no idea what trading was 2 days ago you can be 100% sure that you&amp;#x27;re too late to the party&lt;p&gt;edit: ok, not bankrupt, but clearly not going in the right direction. Either way, not anywhere close to make investors rich quick&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;gamestop-out-of-business-in-digital-age&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;gamestop-out-of-business-in-digital-age...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;is-gamestop-going-out-of-business-dying&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;gamerant.com&amp;#x2F;is-gamestop-going-out-of-business-dying...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;edition.cnn.com&amp;#x2F;2020&amp;#x2F;09&amp;#x2F;10&amp;#x2F;investing&amp;#x2F;gamestop-store-closures&amp;#x2F;index.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;edition.cnn.com&amp;#x2F;2020&amp;#x2F;09&amp;#x2F;10&amp;#x2F;investing&amp;#x2F;gamestop-store-...&lt;/a&gt;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.ccn.com&amp;#x2F;gamestops-ultimate-destiny-buyout-or-bankruptcy&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.ccn.com&amp;#x2F;gamestops-ultimate-destiny-buyout-or-ban...&lt;/a&gt;</text></item></parent_chain><comment><author>allenu</author><text>So the idea is everyone who buys late can sell high and jump off the ship at the same time? Maybe I&amp;#x27;m missing something, but if a whole bunch of people offload a stock, wouldn&amp;#x27;t that drive the price down, meaning a lot of people outside of the original short-sellers would still lose money?</text></comment>