Excellent! Should we invite them to setup shop here?
this post was submitted on 23 Feb 2024
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Yes definetly they are one of the community i miss dearly in here .
I tried early starting a lemmy instance focused on this. There was about 0 exodus from that community.
https://wallstreets.bet/ was the domain.
WSB without the daily thread just doesn't exist. I'm also convinced that community is 85%+ bots.
In other news, I actually started making money since leaving reddit/wsb.
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Can you expand a bit as to why? I wasn't part of it, but saw the same snippets we all saw during the Gamestop shit, and it seemed pretty toxic and a place for naive folks (me if I followed the advice lol) to lose a lot of money.
Definitely not a place for legitimate financial advice. Not OP but what I got from it is financial memes and some comradery hating rich people, at least at the height of the GameStop craze.
Yeah they are a riot and its fun to watch. But yeah don't always follow their advice
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Fuck that. Maybe old WSB, not the GME cultists. They can fuck all the way off.
Yeah, the GME cargo cult is pretty tired, those people don't get it.
I just want to see people losing their life savings after betting on melons having to drink piss from champagne glasses.
you can eat my ass shitbird!
How do I gamble on this?
go to computershare website, there you can sign up for a direct account and get registered shares in your name that the DTC can't use to FTD and reset all teh bullshit things they got going on... i wish you well citizen
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May MOASS bless us all
No, no. Let them cook. Let's see what happens before they inevitably get banned.
Wrong. It is related to your underlying business.
Also, unfortunately WSB was a one-off. It's a highly monitored and bot infiltrated wasteland now. I hope someone is able to screw the reddit ipo, but it won't be WSB.
It was a magical place there for a little while.
Apparently reddit hasn't been following wsb... it's likely to help the IPO from regards trying to time the market.
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Don't worry everybody. Our IPO might seem bad, but it's just because our users have absolutely no faith in us.
As someone who made about $400 on AMC, I wholly support the apes in their endeavor to pump and dump Reddit’s stock into oblivion.
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Pretty sure they don’t need any help to make that IPO a disaster.
But it's good to have a few excuses ready to go.
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Something something leopards and faces.
I'm looking forward to shorting the shit out of this stock
I'd stay away from it entirely. If the total valuation is only a few billion, there's people and organizations that can easily keep the price artificially inflated if they want to kill off some short sellers. And no one will step in to change the rules to save them in this case.
I think the price will go down in the long term, but it's completely unpredictable in the short term. Especially if WSB vocally tries to take one position. I bet there's some big money that still wants to hurt them after the whole GME thing, even though I think most of WSB that tried to get into that also lost money.
If you must get your feet wet, my guess would be that the opposite of what the sentiment of WSB is will make money if you time it right and get out before they realize their losses or their options expire.
And whenever you're trading options for shits and giggles, remember that the market can stay irrational far longer than we can remain solvent.
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One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That "everything you put into it" is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.
Don't get me wrong, I'm in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.
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Look, when you lose 70% of your investment, IT'S NOT OUR FAULT. Please blame retail investors that can afford $1k worth each. That $200m that spuz will be dumping and the 8% that computercuck boi has, well that's nothing. Forget about that. It's our own users fault.
I’m starting to think this is why they’re giving shares to Redditors, it’s someone to sell while the options are flying.
Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.
For who? I bet it was a good enough choice for a few people to get very rich off of before it burns to the ground.
So the extremely overissued IPO shares given to institutions may eat their faces
Got it
Oh, we can only hope!
Knowing Reddit, they will likely just find a reason, however valid, to make the sub go permanently dark just before IPO.
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I'd love to see Ryan Cohen short sell the Reddit IPO. What would WSB do?
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womp womp
Regards.
Lol.
Lmao, even.
That's what they want them to believe, that they are very important. Good for the stock price.
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