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.
Yeah, well even some rich people are bored redditors.
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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.
It would be hard to get that many separate entities to all start shorting a stock all at the same time. Especially on a well known entity that may have quite a bit of action.
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.
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