Topic: Modern Day David V Goliath (Redditors v Hedgefunders)

[kloppismydad]

When trading platforms don't allow you to buy and only have the option to sell, what will novice investors do?

[Not that Gareth]

So buying of the stock was halted and people panicked and sold up? Is that why the stock price is dropping?

Well of course, if no one can buy the stock then it can only go down. Efficient system in action.

[Lotus Eater]

Up 110% within 40 minutes

I have no clue what's happening now

[Lotus Eater]

Has trading stopped again? It has been stuck in $273.27 for a while

[OsirisMVZ]

Has trading stopped again? It has been stuck in $273.27 for a while

Funny how it has been halting on the way up but it shrunk horrifically without a bat of an eyelid.

I should've taken a loss-porn screenshot at 120. But I'm holding on to my handful.

[josh101]

Large scale manipulation in play, and it' fucking disgusting. So blatantly illegal but is anything gonna happen to them? Nope. Rules for thee.

Apps like Robinhood, Trading 212 are all halting trades on GME and other similar stock and not letting retail customers buy at request of these hedge fund companies. You may ask why? It's because you're not these brokers customers, these hedge funds are. These fee-free brokers make their money by selling your data to these massive hedge funds who play the market off of it. If they threaten those apps they most definitely would bend to their demands.

If you're wondering why the stock dropped literally from 400 to 120 in the span of an hour, it was a coordinated attack by hedge funds. With retail trading halted, they're free to trade the stock between each other. They'll sell and short their stock at low prices, wait for the stock to drop and the market to halt, then resume doing that at another lower amount. Like going down a ladder. They are trying to do this so people who have set a "stop-loss" end up selling their stock unwillingly and they can close out their shorts at a lower price.


It hit an all time low of 120 today, so if you managed to buy in at that then fair play because it's already rebounding, and if they didn't manage to close their shorts after all that manipulation then it's never going to happen. Can definitely see this stock fucking flying up now - want to buy more now but Trading 212 are blocking.


So if you're interested, DO NOT USE TRADING 212. Freetrades looks to still be allowing GME trades, although it costs £10 to sign up. They are your best bet.

[Lotus Eater]

Large scale manipulation in play, and it' fucking disgusting. So blatantly illegal but is anything gonna happen to them? Nope. Rules for thee.

Apps like Robinhood, Trading 212 are all halting trades on GME and other similar stock and not letting retail customers buy at request of these hedge fund companies. You may ask why? It's because you're not these brokers customers, these hedge funds are. These fee-free brokers make their money by selling your data to these massive hedge funds who play the market off of it. If they threaten those apps they most definitely would bend to their demands.

If you're wondering why the stock dropped literally from 400 to 120 in the span of an hour, it was a coordinated attack by hedge funds. With retail trading halted, they're free to trade the stock between each other. They'll sell and short their stock at low prices, wait for the stock to drop and the market to halt, then resume doing that at another lower amount. Like going down a ladder. They are trying to do this so people who have set a "stop-loss" end up selling their stock unwillingly and they can close out their shorts at a lower price.


It hit an all time low of 120 today, so if you managed to buy in at that then fair play because it's already rebounding, and if they didn't manage to close their shorts after all that manipulation then it's never going to happen. Can definitely see this stock fucking flying up now - want to buy more now but Trading 212 are blocking.


So if you're interested, DO NOT USE TRADING 212. Freetrades looks to still be allowing GME trades, although it costs £10 to sign up. They are your best bet.

Great post.

Which is why you should steer clear of volatile stocks.

[bornandbRED]

Never seen anything like this... arse fell through the floor with the crash to 112 earlier. I have held both BB and GME... not sure if that’s wise or not as this volatility is so unpredictable. Can only imagine there is still huge demand once people are able to actually use their platforms to buy again.

[Babel Time]

Large scale manipulation in play, and it' fucking disgusting. So blatantly illegal but is anything gonna happen to them? Nope. Rules for thee.

Apps like Robinhood, Trading 212 are all halting trades on GME and other similar stock and not letting retail customers buy at request of these hedge fund companies. You may ask why? It's because you're not these brokers customers, these hedge funds are. These fee-free brokers make their money by selling your data to these massive hedge funds who play the market off of it. If they threaten those apps they most definitely would bend to their demands.

If you're wondering why the stock dropped literally from 400 to 120 in the span of an hour, it was a coordinated attack by hedge funds. With retail trading halted, they're free to trade the stock between each other. They'll sell and short their stock at low prices, wait for the stock to drop and the market to halt, then resume doing that at another lower amount. Like going down a ladder. They are trying to do this so people who have set a "stop-loss" end up selling their stock unwillingly and they can close out their shorts at a lower price.


It hit an all time low of 120 today, so if you managed to buy in at that then fair play because it's already rebounding, and if they didn't manage to close their shorts after all that manipulation then it's never going to happen. Can definitely see this stock fucking flying up now - want to buy more now but Trading 212 are blocking.


So if you're interested, DO NOT USE TRADING 212. Freetrades looks to still be allowing GME trades, although it costs £10 to sign up. They are your best bet.

And a large scale coordinated attempt to push up a price of a security tens of multiples above its intrinsic value is not manipulation?

If this was other Hedge Funds doing this rather than a bunch of redditors, they'd be whisked in front of the regulators quicker than you can say gamestonks.

Sure it has the lovely narrative of a pack of retail investors giving a hedge fund a bloody nose, but the collateral damage will be massive. All the suckers that pile on the hype train the hope of riches will get burnt big time. This is not how a healthy and well functioning market should look like.

When all is said and done you'll have a few people who made some big bucks and a lot more people who lost a lot.

[bornandbRED]

And a large scale coordinated attempt to push up a price of a security tens of multiples above its intrinsic value is not manipulation?

If this was other Hedge Funds doing this rather than a bunch of redditors, they'd be whisked in front of the regulators quicker than you can say gamestonks.

Sure it has the lovely narrative of a pack of retail investors giving a hedge fund a bloody nose, but the collateral damage will be massive. All the suckers that pile on the hype train the hope of riches will get burnt big time. This is not how a healthy and well functioning market should look like.

When all is said and done you'll have a few people who made some big bucks and a lot more people who lost a lot.

Think the point is that’s no different to what the hedge funds do themselves hence the average Joe paying them in their own medicine shouldn’t be self regulated by trading platforms.

[spen71]

 https://twitter.com/disclosetv/status/1354837595059052551?s=21

Class action against Robin Hood

[Max_powers]

Think the point is that’s no different to what the hedge funds do themselves hence the average Joe paying them in their own medicine shouldn’t be self regulated by trading platforms.

Sure, both should be regulated and investigated by the securities agencies.

Reddit itself has long history of these type of tactics too. Sure they are not a hedgefund, but they have promoted pump and dump schemes in past. Exploited bugs in trading apps to lose them lots of money.

Made c*nts like Martin Shkreli a mod on r/wallstreetbets.

[Elmo!]

It's rather amusing watching the same group of people on Twitter (those who have bought GME stock) simultaneously accuse the likes of Robinhood of "commie bs" and "capitalist bs" by restricting trades, and getting into arguments with each other over whether this is the government, or the capitalist bankers etc that are trying to screw their plan.

[surfer. Fuck you generator.]

I like to see people make money,  at the end of the day it's not well wishes that's going to keep you alive,  but as with any field,  learn it properly.  There is so much scope for proper,  well planned strategies in finance,  working off reality,  whether you go long or short,  spot market or derivatives, for various time horizons.

This ain't it,  nor is Bitcoin,  the current level of Tesla.  This is mass momentum mania,  and unless you have a superb information edge (in this specific case,  almost certainly an illegal information edge)  and deep pockets to set the play,  this is eyes closed gambling.

[josh101]

And a large scale coordinated attempt to push up a price of a security tens of multiples above its intrinsic value is not manipulation?

If this was other Hedge Funds doing this rather than a bunch of redditors, they'd be whisked in front of the regulators quicker than you can say gamestonks.

Sure it has the lovely narrative of a pack of retail investors giving a hedge fund a bloody nose, but the collateral damage will be massive. All the suckers that pile on the hype train the hope of riches will get burnt big time. This is not how a healthy and well functioning market should look like.

How is this coordinated? It's literally a bunch of retail customers hearing about a shorted stock, deciding to invest in that stock and letting people know what they did and that it may be a good stock for them to invest in. That's the literal ethos of the stock market, people make their fucking careers on these finance channels by doing THIS EXACT THING. There is no coordinated manipulation here. Who is manipulating this? Please, tell me the masterminds behind this giant manipulation? It's literally a fucking hivemind/meme that has taken off.

All this data on shorts is public, it has been for months, they decided to short more stock than was available, and people saw that and decided to act. Everything done has been above board.

Comparing that to what these hedge funds have done over the last few days is a fucking joke, and I don't know if you're just ignorant or actually believe this crap.

When all is said and done you'll have a few people who made some big bucks and a lot more people who lost a lot.

The whole point of this is to make the hedge funds the people who lost a lot. This isn't a pump and dump where the common investor is going to lose money, it's a short squeeze. These institutions HAVE to buy these shares back when their short calls expire, that's the point. The higher the price the stock is, the more they have to pay to the retail customers who are holding the shares.

[Elmo!]

The whole point of this is to make the hedge funds the people who lost a lot. This isn't a pump and dump where the common investor is going to lose money, it's a short squeeze. These institutions HAVE to buy these shares back when their short calls expire, that's the point. The higher the price the stock is, the more they have to pay to the retail customers who are holding the shares.

I think believing this is a bit naive. That may have been the initial motivation, but I bet you (not that I can prove it) the vast majority of people who have bought stock are just looking for a quick buck.

It's the same with Bitcoin. The majority of Bitcoin promoters are just trying to get more people in to drive up the price so they can sell at a high. Most of them don't care about the ethics of it.

Or maybe I am just a cynic.

[Max_powers]

The whole point of this is to make the hedge funds the people who lost a lot. This isn't a pump and dump where the common investor is going to lose money, it's a short squeeze. These institutions HAVE to buy these shares back when their short calls expire, that's the point. The higher the price the stock is, the more they have to pay to the retail customers who are holding the shares.

So what is a fair evaluation of GME? $100? $200? $300? $500?

What about any retail investors that may have bought this at at high price? They are not guaranteed to make their money as there is no reason to believe that GME prices will remain this high for a long time. Infact they could easily also stand to lose a lot of money.

[Bend It Like Aurelio]

If anything, this makes for great theatre. I do think this brings a lot of publicity to the problems that the option market creates. So often you see stocks nowadays move opposite to their earnings calls that you almost feel like there is no rationality anymore.

[josh101]

So what is a fair evaluation of GME? $100? $200? $300? $500?

What about any retail investors that may have bought this at at high price? They are not guaranteed to make their money as there is no reason to believe that GME prices will remain this high for a long time. Infact they could easily also stand to lose a lot of money.

Of course they can, no one is ever guaranteed to make money. That's why people need to be doing their own research and weighing up what they can afford to lose before they decide to invest.

I don't believe people should blindly throw money at this. I just believe they should be allowed to. These restrictions on trading for retail customers are absurd, and the efforts by these institutions to manipulate the market today have been gross and illegal. To compare them to what has been organically happening to the stock by retail is an outrageous claim.

[rodderzzz]

So buying of the stock was halted and people panicked and sold up? Is that why the stock price is dropping?

Exactly, what robinhood did today was absolutely fucking outrageous. If everyone who has AMC holds, when it opens up again the backlash could be monumental.

I'd be surprised if Robinhood dont find themselves on the back of civil suit for this.

[Chakan]

Exactly, what robinhood did today was absolutely fucking outrageous. If everyone who has AMC holds, when it opens up again the backlash could be monumental.

I'd be surprised if Robinhood dont find themselves on the back of civil suit for this.

https://twitter.com/disclosetv/status/1354837595059052551?s=21

Class action against Robin Hood

[rodderzzz]

So what is a fair evaluation of GME? $100? $200? $300? $500?

What about any retail investors that may have bought this at at high price? They are not guaranteed to make their money as there is no reason to believe that GME prices will remain this high for a long time. Infact they could easily also stand to lose a lot of money.

Of course you can lose money, that is what it is. What people have hopefully figured out today is that when the public coordinate together based on what is open knowledge of a share/market situation, we can rig the system back into the common man's favour and away from Wall Street and Hedgefunders. This should be a wake up for the World on trading. The people as one, are more powerful than Wall Street and Hedgefunders, this is why Robinhood and Wall Street are absolutely shitting themselves right now because they know they're about to get fucked at their own game.

[Max_powers]

Of course they can, no one is ever guaranteed to make money. That's why people need to be doing their own research and weighing up what they can afford to lose before they decide to invest.

I don't believe people should blindly throw money at this. I just believe they should be allowed to. These restrictions on trading for retail customers are absurd, and the efforts by these institutions to manipulate the market today have been gross and illegal. To compare them to what has been organically happening to the stock by retail is an outrageous claim.

But that is the problem. There is no "research" you can do to predict the value (or even get in the ballpark) of the stock because its fucked up by the short sellers and the price manipulators. 

Also I wouldn't the say the change in stock prices is organic at all. Its been a concerted effort, similar to how a pump and dump scheme works. The shorting positions just make the scale worse. A stock grows organically as its companies underlying financials improve.

No one is saying that institutional investors don't use shady tricks either or the market is perfectly efficient. But. this isn't the first time reddit has tried pumping and dumping stocks either. Although their previous attempts were not as successful

[Max_powers]

Of course you can lose money, that is what it is. What people have hopefully figured out today is that when the public coordinate together based on what is open knowledge of a share/market situation, we can rig the system back into the common man's favour and away from Wall Street and Hedgefunders. This should be a wake up for the World on trading. The people as one, are more powerful than Wall Street and Hedgefunders, this is why Robinhood and Wall Street are absolutely shitting themselves right now because they know they're about to get fucked at their own game.

See if only some retail traders are making huge money and some will lose big money, how is that rigging the system in common man's favor?

[Elmo!]

You can guarantee that as soon as this started gaining traction, the sharks will have smelled blood and will have been on /r/wallstreetbets preaching about how they are sticking it to the man, and encouraging people to stick all their money in. They don't give 2 shits about hedge funds, they just want everyone else to put their money in to drive the price up so they can dump their stock on a high before the crash.

No doubt there are also a lot of people in it for the right reasons, but they are going to be the ones that lose out as they continue to hod their position until it is too late.

[rodderzzz]

Pump and Dump is when the company itself comes out and flat out lies about the success of the company. The definition of a pump and dump is inflating its worth based on misleading information. Nobody is being mislead on what this is. We know Gamestop/AMC/BB are struggling, we know hedgefunders are backing this struggle, lets fuck the hedgefunders and we'll make a quick buck.

No retail investor is buying GameStop at $200+ thats the hedgefunders getting out because they know they're fucked.

[CraigDS]

Pump and Dump is when the company itself comes out and flat out lies about the success of the company. The definition of a pump and dump is inflating its worth based on misleading information. Nobody is being mislead on what this is. We know Gamestop/AMC/BB are struggling, we know hedgefunders are backing this struggle, lets fuck the hedgefunders and we'll make a quick buck.

No retail investor is buying GameStop at $200+ thats the hedgefunders getting out because they know they're fucked.

Nah, any owner of shares can do pump and dump, not just the company itself.

[rodderzzz]

Nah, any owner of shares can do pump and dump, not just the company itself.

Technically yeah, but that's still not happening in this situation.

[rodderzzz]

The only ones whove tried to manipulate with misleading information here is Wall Street and especially Robinhood. Robinhood could suffer serious consequences from what theyve done today, it is stunning that they did that.

[Babel Time]

How is this coordinated? It's literally a bunch of retail customers hearing about a shorted stock, deciding to invest in that stock and letting people know what they did and that it may be a good stock for them to invest in. That's the literal ethos of the stock market, people make their fucking careers on these finance channels by doing THIS EXACT THING. There is no coordinated manipulation here. Who is manipulating this? Please, tell me the masterminds behind this giant manipulation? It's literally a fucking hivemind/meme that has taken off.

All this data on shorts is public, it has been for months, they decided to short more stock than was available, and people saw that and decided to act. Everything done has been above board.

It is a coordinated short-squeeze, instigated by redditors. "If we all get together we have enough captial to purchase the entire free float".

Also nice bit of whataboutism. Just because you don't like the victim, doesn't make the deed less wrong.

And please refrain from your casual generalisation about an entire industry, just because you read about a handful of bad ones in the press.

The whole point of this is to make the hedge funds the people who lost a lot. This isn't a pump and dump where the common investor is going to lose money, it's a short squeeze. These institutions HAVE to buy these shares back when their short calls expire, that's the point. The higher the price the stock is, the more they have to pay to the retail customers who are holding the shares.

I understand what the point is. The problem is the higher it goes the more attention it attracts, the people bandwagon onto this, the more they will end up losing. Also that strategy relies on you having perfect knowledge of when their stock loans expire, which I doubt anyone on reddit has. I would also imagine that their prime broker (read big investment bank) understands full well the situation as will typically be quite keen to not have their client blow up (because they generate fat fees). Everyone and his donkey knows that this thing is beyond overvalued and will return to its true value very soon.

Will some hedge funds lose money, sure. Will thousands of retail investors who can't afford it, get sucked in at the top and spat out at the bottom. You bettcha.

Btw Put options open interest on GME is soaring, so good luck with the gamma squeeze tomorrow.

[CraigDS]

The only ones whove tried to manipulate with misleading information here is Wall Street and especially Robinhood. Robinhood could suffer serious consequences from what theyve done today, it is stunning that they did that.

It depends on the motives and actions of those who started this. If they pushed a hold position but were actually selling off their holdings (even in part) to take advantage of the artificially inflated prices they caused, then that's a pump and dump.

[josh101]

But that is the problem. There is no "research" you can do to predict the value (or even get in the ballpark) of the stock because its fucked up by the short sellers and the price manipulators. 

Also I wouldn't the say the change in stock prices is organic at all. Its been a concerted effort, similar to how a pump and dump scheme works. The shorting positions just make the scale worse. A stock grows organically as its companies underlying financials improve.

No one is saying that institutional investors don't use shady tricks either or the market is perfectly efficient. But. this isn't the first time reddit has tried pumping and dumping stocks either. Although their previous attempts were not as successful

I'd agree to a point, as the price does not reflect what the company themselves are worth, but there certainly can be research done on why it may be a good investment due to an upcoming short squeeze. Plenty of due diligence has been done, and is widely available, on why so. This also has precendent with a few historic short squeezes, mainly the VW one in 2008. So plenty of research to give you an idea on whether you want to invest in the stock can certainly be done. Investments don't just have to be made on how well you think a company is going to do.

This isn't a pump and dump, a pump and dump involves using misleading or completely false information to increase a stocks price. No false information is being passed on here to raise the price. Any information is publicly available, such as how much the stock has been shorted, current shorting interest rates and the like. It's all available year round on thousands of websites. The only misinformation here is coming from the other side - such as how Melvin Capital apparently "closed their short positions" on Tuesday yet the interest for shorts has only gone up since.

"reddit" has not attempted to pump and dump stocks. There have been pump and dump schemes carried out on the sub in the past, sure, they have a wiki and posts highlighting previous ones and how to avoid them in the future. The sub itself did not partake in it, they're not a collective - it was a platform that investors were using to carry out these pump and dump schemes in the past. If a few scams were carried out by rogue users in the ticket exchange here on RAWK you wouldn't say RAWK participate in ticket scams would you?

[mickeydocs]

They weren't complaining in 2008 when their antics destroyed the livelihoods of millions.

Too big to fail proved that the top of the tree do not assume risk after all as capitalism is rigged.

[rodderzzz]

Too big to fail proved that the top of the tree do not assume risk after all as capitalism is rigged.

That's where a lot of this comes from. They failed and got bailed out while the common person lost everything. Well this time you're gunna fail, because of the common man, and you might still get bailed out but we're gunna make a few too.

[Not that Gareth]

You can guarantee that as soon as this started gaining traction, the sharks will have smelled blood and will have been on /r/wallstreetbets preaching about how they are sticking it to the man, and encouraging people to stick all their money in. They don't give 2 shits about hedge funds, they just want everyone else to put their money in to drive the price up so they can dump their stock on a high before the crash.

No doubt there are also a lot of people in it for the right reasons, but they are going to be the ones that lose out as they continue to hod their position until it is too late.

Undoubtedly there were people in hopped over the last few days to take advantage like you said but gamestop has been a thing on that sub for a couple of years and yoloing into stuff and bathing in the light of being a "retard" is kind of their thing. There's a whole subculture to study there.

Anyway, one of them noticed that gamestop was financially very sound but the hedge funds were deep into the shorts on gamestop expecting it to go bankrupt. Michael Burry also noticed this and also got in on gamestop. Over the next 12-18 months the price was inching up and more and more people were longing gamestop. Eventually some hedgefund guy called out gamestop on the news as a shit company and to short it hoping to drill the stock down again but more people just piled on. It kind of snowballed from there culminating in this week. It wasn't just a pump and dump, it is a lot more involved than that. The last few days have been ridiculous though.

[Elmo!]

Undoubtedly there were people in hopped over the last few days to take advantage like you said but gamestop has been a thing on that sub for a couple of years and yoloing into stuff and bathing in the light of being a "retard" is kind of their thing. There's a whole subculture to study there.

Anyway, one of them noticed that gamestop was financially very sound but the hedge funds were deep into the shorts on gamestop expecting it to go bankrupt. Michael Burry also noticed this and also got in on gamestop. Over the next 12-18 months the price was inching up and more and more people were longing gamestop. Eventually some hedgefund guy called out gamestop on the news as a shit company and to short it hoping to drill the stock down again but more people just piled on. It kind of snowballed from there culminating in this week. It wasn't just a pump and dump, it is a lot more involved than that. The last few days have been ridiculous though.

Yeah I wasn't saying it was a pump and dump. Couldn't tell you whether it was or wasn't. And the last few days is what I meant by it gaining traction.

I hadn't realised how long this had been going on though. I went over to WSB which I never normally visit and not subscribed to, to read about it and its nuts how busy it is.

1.1m online compared to 24k and 29k on the default subs r/aww and r/funny.

[rodderzzz]

Undoubtedly there were people in hopped over the last few days to take advantage like you said but gamestop has been a thing on that sub for a couple of years and yoloing into stuff and bathing in the light of being a "retard" is kind of their thing. There's a whole subculture to study there.

Anyway, one of them noticed that gamestop was financially very sound but the hedge funds were deep into the shorts on gamestop expecting it to go bankrupt. Michael Burry also noticed this and also got in on gamestop. Over the next 12-18 months the price was inching up and more and more people were longing gamestop. Eventually some hedgefund guy called out gamestop on the news as a shit company and to short it hoping to drill the stock down again but more people just piled on. It kind of snowballed from there culminating in this week. It wasn't just a pump and dump, it is a lot more involved than that. The last few days have been ridiculous though.

Yeah, that's what people don't understand is the subculture and the gamestop following hasnt happened overnight. It's been a long time coming. Also, although people will make money out of it obviously, i huge amount of people have put small funds in willing to lose it all as long as it fucks the Wall Street guys. This goes beyond making money, this is a fuck you for 2008 and beyond and whether Wall Street wants it or not, this isn't ending at Gamestop

[CraigDS]

Yeah, that's what people don't understand is the subculture and the gamestop following hasnt happened overnight. It's been a long time coming. Also, although people will make money out of it obviously, i huge amount of people have put small funds in willing to lose it all as long as it fucks the Wall Street guys. This goes beyond making money, this is a fuck you for 2008 and beyond and whether Wall Street wants it or not, this isn't ending at Gamestop

I think that's what they'd like everyone to think. I'd be amazed if the ones initially controlling all this haven't made an absolute killing off it.

[josh101]

It is a coordinated short-squeeze, instigated by redditors. "If we all get together we have enough captial to purchase the entire free float".

Also nice bit of whataboutism. Just because you don't like the victim, doesn't make the deed less wrong.

And please refrain from your casual generalisation about an entire industry, just because you read about a handful of bad ones in the press.

Where have I posted whataboutism? I'm literally stating why I don't believe this to be coordinated. There is no central figure or group that are acting in their own interests. It's thousands, nay, tens of thousands of individuals seeing what others are doing and deciding to join the fun. Whether they're doing it for the "memes", to "stick it to the rich" or to make money, you can not say anyone actually coordinated this.

Will some hedge funds lose money, sure. Will thousands of retail investors who can't afford it, get sucked in at the top and spat out at the bottom. You bettcha.

And whose fault is that?

The SEC for allowing naked shorting?

The hedge funds that decided to continually short a company - one that hires thousands of low income employees during a pandemic - until near bankruptcy all while greedily shorting more stock than the company even has, leaving themselves openly vulnerable to this exact situation?

Why are the common people who finally found a way to capitalise on the immense greed of these wallstreet fucks taking the flak here?

[Elmo!]

Yeah, that's what people don't understand is the subculture and the gamestop following hasnt happened overnight. It's been a long time coming. Also, although people will make money out of it obviously, i huge amount of people have put small funds in willing to lose it all as long as it fucks the Wall Street guys. This goes beyond making money, this is a fuck you for 2008 and beyond and whether Wall Street wants it or not, this isn't ending at Gamestop

Check the posts per day count here and how it has exploded faster than GME stock, to coin a phrase..... The sub is being overwhelmed by new posters that don't have a scooby about the subcuture that's been built over a long time.

https://subredditstats.com/r/wallstreetbets