/r/wsb has always struck me as being an offshoot of 4chan, with their self-labelling as autists and retards.
And 4Chan a) isn't dumb, but they like doing dumb shit and b) they love brigading. Pool's closed etc.
But what's interesting is how the institutional outrage is merely fuelling the brigading.
The institutional investors crying in the media only confirms WSB's beliefs that they've found a weak spot in the institutions, so they're going to stick it in harder.
I admire their attitude, but not enough to put my money in to what feels like an giant troll.
The tagline for WSB is "It's like if you gave 4chan a Bloomberg terminal."
Personally, I'm buying in the money puts expiring in 2023. No way Gamestop is doing better now, or has a better future now, than it did five or ten years, yet their stock's at an all time high? These hijinks may continue for some time, but I doubt it'll last years, price will settle and I'll hopefully make a modest profit.
And 4Chan a) isn't dumb, but they like doing dumb shit and b) they love brigading. Pool's closed etc.
But what's interesting is how the institutional outrage is merely fuelling the brigading.
The institutional investors crying in the media only confirms WSB's beliefs that they've found a weak spot in the institutions, so they're going to stick it in harder.
I admire their attitude, but not enough to put my money in to what feels like an giant troll.