Hello LEO Lions,
If you haven't been watching the stock market as of recent. R/Wallstreetbets is making headlines as they take on hedge funds. I was intrigued by the "degenerate retards"(I use this word because this is what they literally call themselves. In no way shape or form am I using it or intend to offend/attack/ or insult anybody). I've been following this subreddit for less than one day and have seen their following climb over 1M followers in less than 24 hours. they have convinced me to get into AMC and NOK and BB.
Mind you, beware that this is not the smartest decision to go up against big hedge funds. but the little man must stick it to the big boys eventually. They have the numbers! and the number of degenerates is rising!
Discussion:
Im new here, so I want to engage with you guys and learn about your thoughts on these stocks. your pros and cons, etc...
(AMC is a publically traded company and I have sourced the image from google. I have no affiliation to them)
(This post is not financial advice, always do your own research before investing)
Stay safe and healthy my Leo Comrades,
I think this kind of price action is complete insanity. I believe this 400% increase in a day to be totally unjustified since it is not based on anything but an online community pumping the stock. This goes to show the most dangerous thing one can do is to have an unprotected short.
The numbers for this particular subreddit are quite impressive. 1 million new followers in 24 hours shows that there are a lot of people looking for financial content online. Hopefully some of these people will find Leo Finance and enjoy this great, rewarding community we have here.
Posted Using LeoFinance Beta
Lol short sellers are getting hunted like it’s quail season wallstreet bets taking their stimmy cheques abs taking down hedge funds this is only going to end In tears but it sure is fun to watch
Posted Using LeoFinance Beta
I agree with you!
Posted Using LeoFinance Beta
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