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February 25, 2021

Gamestop EXPLODES & Dave Portnoy (Paper Hands) Has A Meltdown! AMC & Nokia Meme Stocks Also Soar!

TheQuartering [2/24/2021]

It seems like all the stocks dealings have come to an epic conclusion.

According to Sold/Short:

The first rule of r/WallStreetBets is YOLO.

There is no second rule.

This isn’t the land of enlightenment, it’s the borough slum of loss porn. I’m here for the goods: Show me the screenshot where your well-earned $30k investment in weekly Tesla puts bottomed out to a measly $30 because you didn’t trust Papa Musk to deliver 500,000 cars by year’s end. Because when you lose, I don’t feel so bad about my own losses. And spare us your sob story: Nobody wants to hear about your impending eviction, or how you’re drowning under $100,000 in student loans and medical debt, or how you (like me) operate a struggling small business pushed face-down in the red by a raging pandemic. If we weren’t all losers, self-described or evidenced by myriad financial failures, we wouldn’t be in this swamp of a stock forum hunting down the next ten-bagger.

No, show me the gains and losses, the booms and busts, because we’re all here for the same reason—hoping to roll a double-six. Whether it comes through due diligence or a good old-fashioned pump-and-dump frenzy, we don’t care—tell us why you think this ticker symbol is gonna rocket us to the moon, and we’ll decide if we’re in or out.

I never imagined our small world would get major press, or raise the ire of politicians, or cause billionaires to melt down on live television. I never thought my posts about certain stocks would land me on the front page of the subreddit, or that major newspapers and podcasters would be reaching out to me and others, anonymously, to get our takes on the David and Goliath story that was cluttering up the news cycle only a week after a new president was sworn into office.

But here we are.

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