"wsb stuff" was never really a thing IMO. Overblown. There is only GME - the authentic short squeeze. And stocks don't just go up and up and up so who knows if it's over. I doubt it. But we don't really know what happened behind closed doors when they paused it that day last week. My guess is it has a few more huge days left in it.
Looks like financial media is running a huge misinformation campaign about WSB pivoting to silver. Reading the WSB threads, they are still all-in on GME.
I said this last week when this unfolded. Hedge fund bots are going to start influence campaigns in WSB and other areas of social media. Reddit users think they are taking on the system but unless they push for real regulatory changes, these types of influence driven investment waves will get co-opted by institutional investors. I don't know how many of you used to read reddit threads on investing before WSB but I've found some incredible recommendations from reddit before. (I've gotten over 100% growth on some money I put into Novavax last week thanks to a reddit recommendation) But I fear all of those good recommendations are going to be drowned out by misinformation campaigns. This GME movement exposed how vulnerable reddit can be to misinformation campaigns.
Yup. Mainstream media keeps saying WSB lost interest in GME and is now targeting silver...just false media info. It's almost as if there's a term some idiot created for this type of info. Oh ya FAKE NEWS!
Yup, not just that, they will use the "WSB" name to promote a ton of bullshit around the web. WSB interested in AMAZON! WSB interested in Pizza hut! WSB is too mainstream now. With the good comes the bad...
All of reddit is getting infected with this garbage right now. I stayed away from WSB (most people on there have no idea what they're doing and treat investing like high stakes gambling) but some of the other subreddits are quite good. My reddit driven investments have actually been some of the best this year. And these are stocks I wouldn't have thought to invest in. There are some really smart people on reddit who do fantastic research. But I'm worried that reddit is going to get bombarded soon unless reddit finds a way to stop external influence campaigns. And as you note, they'll even co-opt the WSB name to peddle investments.
If the Covid relief bill passes (with the $1400 checks), I'm willing to bet GME will surge again. There's going to be a surge somewhere with that stimulus money. But it could very well just go back into GME.
I have no problem with the mainstream media manufacturing a silver push. The mainstream media tries to inject fuel into all kinds of stuff. We're actually at status quo IMO. This kind of smoke just makes things easier on the more savvy investors. I can now tell which of my friends watch CNBC and it's pretty scary. That group EATS THAT **** UP. And so be it...
It appears "they" are buying time with the RH restrictions...maybe the weak hands will leave, mainstream will move on to the next story and diamond hands will enjoy the returns.
Stop blaming the MSM for this, you're missing the point. That's like blaming reddit for this too (since reddit isn't policing this either). Focus on the creators of these campaigns (institutional investors) and the lack of regulation around transparency and investment practices. The reddit community that is up in arms about this needs to make financial reform a topic. You're going down the wrong path if you make this a battle with the media. Retail investors will never get a fair shake if they don't demand regulatory changes. If you just start complaining about the media, you're doing hedge funds a favor.
Don't forget "space" and "short" for FOMO words. lol. I wanted to start buying some stuff, but the stupid market is up today. Is it really misinformation? I was watching silver futures over the weekend and they were already up something 11% before the market opened at one point. There was even a r/wallstreetsilver subreddit with a few thousand people. I went in there early this morning and saw a battle going on between wsb and wsbs. lol. Crazy. BTW, I also read the Robinhood app was downloaded over 600,000 times just on Friday. Wow.
Don't lie, man, we know you painted your face and have your viking hat on ready to storm Wall Street!!!!
I'm patiently waiting for talk about non-GME stuff. I sold UAVS and WKHS too soon and now I want to cry about it.
The people chasing WSB plays without doing any DD or reading beyond the headlines (WSB groupies =P) are getting suckered into silver plays. If you go browse the top threads in the WSB community, they are saying the opposite of what most media headlines are claiming. There's either a ton of crappy and fake journalism out there AND/OR someone has an agenda to push regarding the silver play. I can't comment on any subreddits as I only have been reading r/wallstreetbets.
