A lot of Redditors hate the Reddit IPO | Reddit warned us that its users were a risk factor, and boy do they sound excited about shorting its stock.::Reddit seems like a likely candidate for a meme stock. But the actual reaction suggests that r/WallStreetBets isn’t going to send the stock to the moon.
Reminder that shorting is a high risk play and you should never make investment decisions out of spite.
The market can remain irrational longer than you can remain solvent.
A reminder that the stock market and any kind of high level money market of any kind including digital money … is a rich man’s game where poor are by design destined to lose.
This is a gross over simplification. Yes, rich people can have higher risk tolerance, but that doesn’t mean people shouldn’t be going long on index funds and otherwise safe, low risk investments for retirement with what they can afford to.
And then listen to every asshole yell ‘but think of their retirements!!1!’ when the stock market shits itself.
Fuck this system. It’s original intent is way long gone, and we should stop pretending it’s helping anyone but the rich.
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Ohh dear
Kitboga, this you?
To quote XKCD’s “Engineer Syllogism”:
I am good with numbers and math.
The stock market is mostly numbers and math.
Therefore, I would be – wait, where did all my money go?
Second premise is false
No shit Sherlock
I think this company is deeply and uniquely incompetent and will never deliver on its objectives.
No you should make investment decisioms purely for the fun of it.
Also, WSB has been wanting to short reddit for literally years, so this is barely news.
Yeah but I would short just a little, considering it will have hard time going 100x. Tbh 10x would be as difficult, but gotta play safe.