Robots Invade WallStreetBets as Infighting and GameStop Gloom Spreads

Mish

There are millions of new users on the WallStreetBets forum and they are not welcome.

The WSJ reports Traders Who Launched GameStop Frenzy Are Turning Against New Members.

Longtime members of the Reddit forum that was the launchpad for the GameStop GME frenzy are lashing out at the group’s millions of new users, asking whether they can be trusted and accusing them of working for hedge funds. 

WallStreetBets has been hit by bots that question some of the members’ investing initiatives and pitch commission-free brokerage accounts, according to a Wall Street Journal analysis of the posts. 

Longtime followers have reacted to the deluge of new content by asking moderators to ban new users or take additional steps to limit where they appear. “Seriously, the 6 million new users have f— this place up,” one user wrote Monday. “New users are coming here to screw us,” a post last Wednesday read.

Blame Game

Blame the bots, blame the new users and above all keep singing the praises of a company with no fundamentals except a short squeeze that has collapsed.

DFV Unrealized Profits

DFV Unrealized Profits

Ashes to Ashes

GameStop Plunges Another 50%

GameStop is headed back to where it came from. There will be sucker bounces here and there but the company is broken.

DFV says he will hold. 

He will do well as it's reported he has $11 million in cash from other trades and options speculation. 

But anyone who got in North of $100 following him is poised to take a huge loss. 

Mish

Comments (14)
No. 1-8
Eddie_T
Eddie_T

Now why do you suppose he didn’t take his profits? Is this some kind of political statement? If if that’s so, I’d be more impressed if he sold the top.

Eddie_T
Eddie_T

“Even if that’s so"

Lance Manly
Lance Manly

DFV would lie, would he.

Zardoz
Zardoz

I gotta say, that smarted. Like Furry Horn Hat Guy, my adventure did not end well.

Sechel
Sechel

was watching Mike Bloomberg. I agree with him, In two week nobody will be talking about Gamestop. Its a huge distraction.

I don't follow Reddit all tha closely, but i suspect what the hedge funds really want i to scrape the data(chats) and use it to build algorithms. If they haven't already

Siliconguy
Siliconguy

Price up by a factor of 10 in less than a month? What clearer indication of a bubble could you ask for? Sell, take your profits, pay the tax man, and be happy.

chewinfoil
chewinfoil

For some, it's a lot more interesting to achieve an immortality of sorts than it is to make even more money (he is sitting on $11M in cash although there are capital gains to worry about). Among that population, he'll be remembered as a god.

Frilton Miedman
Frilton Miedman

I've been watching their Reddit forum for weeks now.

Last night I was finally able to get into their Discord forum, and after observing Gen chat I can honestly say there is no freaking way I'd follow trade advice from these guys.

It's a digitized keg party, a joke.

I wanted to like these guys, wanted to believe they stand for something and they have sustain, but not so much.

This is obviously a group of young millennials with absolutely no clue what they're doing that worked in unison to attain short term win.....and now the secret's out, they're posting what should be "proprietary" strategy in plain view.

Countless posts proudly displaying screen shots of gargantuan losses, oblivious how vulnerable they are, literally broadcasting to any hedge fund that's watching "Come take my money!"


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