Or will trust fund kids continue to dream of the day they cash in on the next short squeeze and be the hero that topples Wall Street (likely where their trust fund money came from)?
Looks like the kids on reddit are turning on him:
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| +21 | Recommend Pass for MM HF Case Study | 6 | 16h | |
| +19 | Pod Shop Regret | 4 | 17m | |
| +17 | How extroverted is the junior MMHF job? | 5 | 4d | |
| +17 | Why don't MMs do any activism? | 11 | 1d | |
| +16 | HF perspective on Google (Alphabet) | 5 | 4d | |
| +14 | Are you making money these days? | 9 | 13h | |
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| +12 | Point72 Academy Case Study | 13 | 2h | |
| +11 | Stephen Moyer- Distressed debt analysis | 5 | 4d |
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WallStreetBets is a co-opted sub used for pump and dumps now, can't take anything posted there seriously (not that there was much you could before). The actual DD that used to get posted has mostly migrated to half a dozen other smaller subs. If you want the people following these particular stocks, check BBBY or Superstonk. It's not a pump and dump. If you read the filings it feels like you can tell what's coming for BBBY specifically. Either a spin off or outright sale of BuyBuyBaby brand, potentially to GameStop's new retailer trademark GMERICA which should be receiving its NOA from the trademark registry process they started nearly a year ago. Cohen sold his entire stake over 2 days last week. If you read the original filing from when he purchased the shares you can see an agreement with BBBY that he cannot propose or pursue any events such as a merger or spin off of existing assets while he's a beneficial shareholder - which he no longer is. Carl Icahn did a very similar play back when PayPal was owned by eBay, bought himself a seat and agitated things inside to get them to sell off the underperforming asset so it could be run properly. Exited his whole stake as soon as things were in order because only thing he wanted to own was the payments business. Ryan sold as qualified under the insider short-swing profit rule which means a portion of his profits go to BBBY to boot.
Not going to say I don't have a bias because I do - threw a few stacks at deep OTM Jan calls when it was trading ~$0.50 a contract last month and cleared 6 figs last week which is all getting plowed right back in on Monday. Thou shalt be a shameless cloner.
Like the Pabrai reference
He's one of my favorite investors!
I'm seriously looking forward to seeing the pre-market press release and strategy update BBBY is having next Wed. No one announces bad news pre-market in the middle of the week at the end of the month. Just wouldn't make sense.
How does it feel to be holding those bags handed to you by a billionaire who primarily communicates via poop emoji Tweets? None of what you said up here was true.
SuperStonk and BBBY are cults, and highly delusional. If you think the nonsense they write over there is superior to the degenerate gambling on WallStreetBets, then you may be too far gone.
It's been less than a month... I may have gotten the timing and/or the catalyst wrong but my conviction in there being an incoming squeeze hasn't changed. People such as yourself commenting senseless drivel does nothing to change that.
Seriously, what kind of remedial math class did you fail to think I'm bagholding? I made more off those calls than you will in the next 2 years of salary.
Am I down from my peak? Sure, but that's still up a lot. As for Superstonk and BBBY being cults, I don't disagree. But if you think that there's no difference between some of the analysis done there vs what's on WSB (not saying it's all great, it's not, but there are some true gems), then you're not even worth talking to between that flawed opinion and your inability to perform basic arithmetic.
Well the primary problem is that all of your claims were false, all of the "DD" from those hopped up children on SuperStonk was the same nonsense as it always is, leaving the hype men like yourself with the bag wondering where rapture catalyst #4859 went.
I admire the dedication you folks have to hyping these stocks, but at some point it's just mass delusion. You can only be so wrong, so many times before stubborn insistence on being so becomes a question of mental health. SuperStonk and BBBY aren't just cults, they're delusional cults. The stories the come up with and the conspiracies they weave are simply some mix of outright false, completely unsupported by any evidence or data, or actually insane. It's asinine. These people are nuts. Yes, the WSB degenerates are better because it's almost impossible for a functioning individual no matter how clueless, ignorant, or greedy to otherwise compete with that level of insanity.
You can say whatever you like about the money you made. Every gambler tells everyone who they can make listen how they're always up and managed to beat the system. Every genius hobby investor sold at the top and bought at the bottom. It's more or less never true - certainly not in aggregate, so I don't take any such claims seriously.
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