I wanted to explain a bit of my recent thinking. Underneath the irrelevant posts, there is something relevant going on. People dismiss the wallstreetbets people out of hand because of the clownish lingo and the perception of being dumb money. But hidden within the memes and rocket emoticons, there is…

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6 thoughts on “[Premium] We are not as dumb as we sound (really)

  1. Hi, likewise for the 50% realized 2021 gains that I’ve put back into GME (and some into AMC) as I believe in the GME story and not purely for the sake of just short squeeze. Gaming like EV cars are rather straightforward businesses that can be understood by the average Joes and really, the behavior of the stock brokerages is disgusting and I’m in any case ready to lose this 50%. And most importantly, to support the small people movement. All revolutions started from small movements also right? 🙂

    Cheers

    1. Same. Using my profits from listening to those autists, and plowing it back. Doing my part by taking 120 shares off the market lol. Cheers

    1. Yeah.. there is a lot of good analysis and wisdom there if you look beyond the memes. Many people can’t see that. But don’t think its possible the SEC can shut them down though. Nothing wrong with telling people your analysis and asking them to buy/sell. Hedge funds go on CNBC and do that all the time. I think the most likely outcome is that they ban shorting past 100% of the share float.

  2. Actually with Ryan Cohen in, GME should do better eventually. In fact, organically. Other than that, I think the price pre-cohen should be around 20+. But we will never know because it has gone off the rails. This whole thing exposes something that has been brewing. Like how things blew up, and then you see people voting for Trump. Then years later, people voting against/also for Trump. The investors of today are not stupid, but stupidity still exists. I’d seen some people finding or figuring out ways to get more margin. I’m not even sure if they can afford it in the first place! A lot of hype, but human nature proves that they always look out for themselves. At the end of the day, just don’t be the last one standing.

    1. I think its possible but fighting against the tide to improve the business. GME isn’t a long term hold in my view. Hold just enough to bleed out the hedge funds. I also don’t want to be holding the bag in the end.

      Margin on this is not a good idea. A lot of RH investors got burned because RH sold their shares off when they raised margin requirements. I’m using cash. Prepared to lose it all lol.

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