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re: Hudson Bay, Morgan Stanley took positions in Trump social media firm in Q1

Posted on 5/16/24 at 12:25 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74461 posts
Posted on 5/16/24 at 12:25 pm to
Weird they would want to waste their money on a meme stock
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73329 posts
Posted on 5/16/24 at 1:08 pm to
Posted by slackster
Houston
Member since Mar 2009
85188 posts
Posted on 5/16/24 at 2:04 pm to
quote:

Weird they would want to waste their money on a meme stock


Not weird at all. I know Dems that bought DJT because they think/thought they can make money on it as a trade too.

Individual stocks can be irrational for relatively long periods of time and offer opportunities to make money. That is fundamentally different than arguing a stock is undervalued and/or investing for the long term.
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