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re: How many Reddit posters are telling you to buy while they sell??
Posted on 1/28/21 at 11:46 am to JDGTiger
Posted on 1/28/21 at 11:46 am to JDGTiger
I think this is where funds (hopefully) went wrong.
Your OP is right, greed and looking out for the individual would’ve won out under normal circumstances and Reddit would’ve taken their profits. Sure some martyrs would’ve stayed in for “the cause” but most people wouldn’t.
But funds got scared and are trying to change the rules of the game. Now people are digging their heels in. People who would’ve taken profits are going to say frick it, this is about more than money. I think they’ve mobilized and United retail, when it would’ve probably died down on its own
Your OP is right, greed and looking out for the individual would’ve won out under normal circumstances and Reddit would’ve taken their profits. Sure some martyrs would’ve stayed in for “the cause” but most people wouldn’t.
But funds got scared and are trying to change the rules of the game. Now people are digging their heels in. People who would’ve taken profits are going to say frick it, this is about more than money. I think they’ve mobilized and United retail, when it would’ve probably died down on its own
This post was edited on 1/28/21 at 11:47 am
1
Posted on 1/28/21 at 11:49 am to Tigerfan56
My question is:
Other than exposing and fricking over hedge funds, which I have no sympathy for hedge funds that bet on companies to lose themselves losing, but if people are being told to buy and hold, what's the long game? The artificially inflated value of Gamestop is going to come down at some point and there will be a lot of regular joe's that get royally fricked in the process before they have a chance to sell and profit.
Maybe I'm off base here, but I feel like this is really just a house of cards that will crumble at any time once a sell off starts.
Other than exposing and fricking over hedge funds, which I have no sympathy for hedge funds that bet on companies to lose themselves losing, but if people are being told to buy and hold, what's the long game? The artificially inflated value of Gamestop is going to come down at some point and there will be a lot of regular joe's that get royally fricked in the process before they have a chance to sell and profit.
Maybe I'm off base here, but I feel like this is really just a house of cards that will crumble at any time once a sell off starts.
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