r/Superstonk on Reddit?
Have any of you seen this subreddit? It’s an offshoot of WallStreetBets of around 800,000 people who follow GameStop stock. Admittedly, I found the whole GameStop thing to be great….for about a week back in January 2021. I did make a few hundred dollars from it too.
But wow these guys are still going strong on it. Reading through some of their posts, it really seems like they’re a cult. Seems like they 100% genuinely believe that Wall Street and mainstream media is still lying about GME and that the “MOASS” (mother of all short squeezes) is gonna happen and result in them all becoming millionaires. I thought it was a joke but no. Some older comments would talk about how they were concerned about how such a large wealth transfer will affect our society. Crazy how this is still a thing.
The GameStop CEO Ryan Cohen invested in Bed, Bath, & Beyond and they all worshiped him for it, and they all bought stock in BBBY too. Then Cohen liquidated his stake and the stock plummeted on announcement. Instead of thinking they may have made a mistake or have been duped, so many people were like “I don’t understand what’s happening, but Cohen would never abandon us, and I trust that he has a plan”
Crazy
Delete
E commerce, NFTs and geek squad is your definition of growth? Lol
They've replaced confirmation bias among sell side research with confirmation bias of their own
Damn bro you DIED today
lol yeah. Don't worry, I will continue to comment from beyond the grave
Idiot soup
It’s hilarious, almost like only one stock exists to them.
www.reddit.com/r/GME_Meltdown is the real gem if you're looking for a deep dive on the online boiler room, cult-y behavior that has been running rampant on Super Stonk for the last ~2 years.
The whole Reddit meme stock cult saga has been like a trashy mid-aughts VH1 reality show - it's so bad that it's good, and now I can't look away....
people are stupid
https://www.reddit.com/r/amcstock/comments/x4dpy9/hedgies_are_trying_to…
^^^Here’s a fresh thread detailing just how much so many people think they’re going to become overnight millionaires and how it’s going to ruin the country through inflation 😂
The GameStop stock frenzy in January 2021 was indeed a notable event that captured widespread attention. While some individuals may have profited from it, it's essential to approach investing with caution and careful consideration. You can read more about How Superstonk Transformed Ordinary Investors into Millionaires.
The belief in the "MOASS" (mother of all short squeezes) and the idea that Wall Street and mainstream media are still dishonest about GME can lead to a strong sense of camaraderie and conviction within the community. It's intriguing to observe the impact such beliefs can have on a group's dynamics.
The enthusiasm around the GameStop CEO Ryan Cohen and his investment in Bed, Bath, & Beyond (BBBY) showcases the level of trust and admiration they place in influential figures. Investment decisions can be influenced by emotions, and it's important for investors to conduct thorough research and assess potential risks.
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