This all seems like a pyramid scheme. They did this to a Canadian weed company back in 2018. They drove the shares from $20 to $300, costing hedge funds over $600 mil. It then fell all the way back to $20. They push the propaganda hard under the guise of being expert hedge fund managers touting the Soros doctrine. These people are commies playing war with hedge fund managers. They seem to be targeting companies that have high short positions like BBBY, BB, NOK, GME, and AMC. Shorts have lost $60+ billion in January. What the folks on Reddit won't tell you is that they lose an awful lot doing what they do. They admit to 12.2% average yearly returns since 2012.
It's not a pyramid scheme. The people involved definitely are not communists. I know because I'm one of them.
This has somehow become a cultural phenomena venting anger at the elites, but this is pure capitalism (until the government steps in and bails out their hedge fund buddies).
Yeah no kidding if you jump on board a train as it's leaving with no clue as to where it's going or what it's about you're no likely to succeed. Those people had no clue what they're doing, why does that make it a pyramid scheme?
This all seems like a pyramid scheme. They did this to a Canadian weed company back in 2018. They drove the shares from $20 to $300, costing hedge funds over $600 mil. It then fell all the way back to $20. They push the propaganda hard under the guise of being expert hedge fund managers touting the Soros doctrine. These people are commies playing war with hedge fund managers. They seem to be targeting companies that have high short positions like BBBY, BB, NOK, GME, and AMC. Shorts have lost $60+ billion in January. What the folks on Reddit won't tell you is that they lose an awful lot doing what they do. They admit to 12.2% average yearly returns since 2012.
Like half the top upvoted posts on WSB are loss porn.
I don't think it is accurate to say they don't admit they lose a ton.
Interesting. Still don’t feel bad for the hedge funds. The Fed reserve will bail them out anyway.
It's not a pyramid scheme. The people involved definitely are not communists. I know because I'm one of them.
This has somehow become a cultural phenomena venting anger at the elites, but this is pure capitalism (until the government steps in and bails out their hedge fund buddies).
It's a pyramid scheme. Everyone that joined the party since last thursdays has lost their ass.
Yeah no kidding if you jump on board a train as it's leaving with no clue as to where it's going or what it's about you're no likely to succeed. Those people had no clue what they're doing, why does that make it a pyramid scheme?