The media and suits think these guys are only in it for money. They don't realize these guys will YOLO for pure laughs and upvotes. These are 20-30 year olds living with their parents so they have nothing to lose. You know why they have nothing to lose? Because of the Suits that killed their parent's jobs, their job prospects while getting rich in 2008
Bought some puts on TSLA as a hedge. If earnings are bad after hours could bomb the market speculation tomorrow.
I highly recommend everyone watch Chamath Palihapitiya's interview on CNBC going on right now. He was arguing pretty intensely with host Scott Wapner, who was saying the people shouldn't be allowed to do this (basically). I was so impressed with the guy's response that I followed him on Twitter. Institutions have been screwing people for years. The people fought back. Palihapitiya did such an amazing job explaining that that I was sold on what he was saying. Buying AMC and GME is like a revolution against the system right now. I don't think the people are going to stop buying them for some time.
Chamath stood on the table for bitcoin two years ago and said to keep buying even though the price had fallen to around 5-7k. People quit his firm because of it. He stuck to his **** and he's being proved right. He's a man of conviction and he's always ahead of the trend. Hopefully he's serious about the California gubernatorial campaign, America will be better for it
