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@Tim That Gamestop example is crazy. I can't see what the hype was about, it almost feels like a ponzi scheme where someone has triggered a massive upsurge in share price and everyone has jumped on with the promise of a quick buck. When I read the Hatch FB group no one seems satisfied with solid profit anymore
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@canefan said in r/wallstreetbets, GameStop, and institutional investors:
@Tim That Gamestop example is crazy. I can't see what the hype was about, it almost feels like a ponzi scheme where someone has triggered a massive upsurge in share price and everyone has jumped on with the promise of a quick buck. When I read the Hatch FB group no one seems satisfied with solid profit anymore
Sounds like the buy now pay later industry!
Actually looks way worse.....pure pump n dump!
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@JK said in r/wallstreetbets, GameStop, and institutional investors:
@canefan said in r/wallstreetbets, GameStop, and institutional investors:
@Tim That Gamestop example is crazy. I can't see what the hype was about, it almost feels like a ponzi scheme where someone has triggered a massive upsurge in share price and everyone has jumped on with the promise of a quick buck. When I read the Hatch FB group no one seems satisfied with solid profit anymore
Sounds like the buy now pay later industry!
Actually looks way worse.....pure pump n dump!
Which is fine if you are at the top of the pyramid and you pull the rip cord in time. But it could get ugly if you are still holding and the music stops
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@antipodean It's pretty mental. I got some nice wins back then, but I'm way out of the scene his time.
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Fuck. I read a golden Reddit post last night about this. The guy was doing an ELI5 kind of approach and it was amazing. Will try and find it but the sub has gone invite only lol.
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@Paekakboyz Might be available on the new subreddit?
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@Tim here it is
https://www.reddit.com/r/Wallstreetbetsnew/comments/l6irdi/gme_endgame/
Absolute gold - at least the bits I follow. Last step is hillarious
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r/wallstreetbets, GameStop, and institutional investors