No, WallStreetBets isn’t robbing Wall Street to help the little guy

arstechnica.com

2 pointsarunbahl2 comments

This matches my understanding of the situation. It has managed to punish a sloppy hedge fund, but hasn't actually produced the earth-shaking results its proponents imagine. The result is a pump-and-dump that will almost certainly collapse sooner rather than later, and getting out now is wise.

Ironically, it sounds as if this would be a good time to short the stock. I don't have the appetite for such a bet.

The narrative of what's happening has evolved too.

It wasn't until retail investors were blocked from buying did people perceive it as a class war. Even on HN, the bigger news is about Robinhood and other firms and how they handled the situation.

At this point, anyone still buying and holding is doing so to make a statement about showing it to the suits, which as you said is going to end up poorly.

I'm also fascinated that the number of subscribers to wsb grew from 1.8M to 4.9M in two days and how they're handling it.

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