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Stocks
- Thread starter Boots
- Start date
Ya I was watching that. Then there’s threads where they say ‘don’t go silver it’s a trap’.
do you buy physical silver? I’m also not aware of previous metal stocks and investing in them.
I’ve been in silver for almost 2 decades.
Yeah I buy bullion.
It's mostly a social movement hence the "HERP DERP ZERG SWARMING HOLD THE LINE RETARDS" screaming.
There will be many who lose money, but the loudest voices have been warning that we may burn to zero.
I've noticed a few suicide posts on Reddit and Discords as a result of individuals going in for personal gain not realizing how chaotic the situation is. My fiancee has joined the social movement and yelled "HOLD THE LINE!" on Friday when I asked if I should sell today; she's not a gamer or internet pimple popping nerd, so I'm using her as a gauge for how far it's spreading lol
So there's both sides of the same story from my pov.
False or not, silver is still going strong so @Evoex still gets ahead. Same as everyone holding silver.
A little bit of column A, and a whole lot of column B.
I wonder if WSB would kill their ‘leader’ if he sold all his stock in GME right now.
Agreed. It’s easy to yell ‘HOLD THE LINE’ when you’ve got a handful of shares. But some really believe in this and have probably put more than they can afford to lose into it. I trust they don’t lose everything on this as they may not realize that it’s REAL MONEY with REAL CONSEQUENCES beyond a meme.
bigpoppa
Well-known member
A lot depends on how you got the paper initially. If it was sitting in a play money account like MP no big deal. If you went to Johnny at the pool hall to get a loan because you can't lose if you all stick together, that paper is very valuable.
Let's also not forget that a lot of these posts and screenshots of the bank accounts and hold positions are probably photoshopped. WSB is famous for it.
I just hope that the people in on this aren't setting themselves up for financial collapse. Being negative, I can almost see the high position holders of GME pumping up the 'HOLD THE LINE' narrative so they enrich themselves because 'we got to stick together' is important.
But I'm very realistic/negative of people's financial motivations.
When money is involved I have a hard time thinking everyone is acting in an altruistic way. “ZOMG we just made a hedge fund cry”...yes and it cost you $200 of your social assistance cheque that was supposed to pay for necessities and you just made a smug guy somewhere a lot richer.
WSB is setting itself up to be the next Tony Robbins. I wouldn't be surprised if they tried to monetize it. Pay a subscription fee to get access to the hoard direction prior to the full public release and ride the waves. The WSB leaders make their money from the subscriptions (I suspect SEC would crack down quickly if they were also riding the wave).
The way this is going almost smells like a MLM. Put it this way....if I was someone like Evoex holding a bunch of silver and I could start a wave on social media with a few friends riding a social justice backlash movement, that’s going to be great for me with minimal effort. The backstory draws non-traditional investors in with a social movement motivation rather than an investment motivation.
Just to clarify, I’m not suggesting Evoex is the evil genius behind this.
So the classic pump and dump?
yes but targeting non traditional investors by way of a “social movement”
Little guy always get f’ed.
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