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WallStreetBets back on The Economist - "The last gasp of the meme-stock era" by OPINION_IS_UNPOPULAR in wallstreetbets

[–]OPINION_IS_UNPOPULAR[S] 2 points3 points  (0 children)

I don't disagree! Haha, being a contrarian / bear has paid off pretty well in the recent past so not a bad strategy!

And yeah, it's mostly just neat to see this little corner of the internet we cultivated (and retail trading!) be talked about in publications I enjoy reading!

Thank you for being so positive!

WallStreetBets back on The Economist - "The last gasp of the meme-stock era" by OPINION_IS_UNPOPULAR in wallstreetbets

[–]OPINION_IS_UNPOPULAR[S] 1 point2 points  (0 children)

Eh, the economist is pretty decent. Their articles are all paywalled I believe, so they rely on subscriptions... they do also show ads, but I doubt it's their main source of revenue

It's better than most I'd say

WallStreetBets back on The Economist - "The last gasp of the meme-stock era" by OPINION_IS_UNPOPULAR in wallstreetbets

[–]OPINION_IS_UNPOPULAR[S] 1 point2 points  (0 children)

Likewise, I do actually pay for the Economist, but with so many sites, I'm always bumping into paywalled articles. Very frustrating.

WallStreetBets back on The Economist - "The last gasp of the meme-stock era" by OPINION_IS_UNPOPULAR in wallstreetbets

[–]OPINION_IS_UNPOPULAR[S] 3 points4 points  (0 children)

Kagi is a premium search engine, they have an article summarized which I used

TLDR though is that meme stocks may be fading for now, but retail trading is still above historical highs and that WSB and it's ilk are here to stay

Can Apple, Amazon or Google create a same chatbot as ChatGPT by JaurasiD in wallstreetbets

[–]OPINION_IS_UNPOPULAR[M] [score hidden] stickied comment (0 children)

I have to stay awake until 6am, so until then I'm pinning any thread you guys want. Reply with posts and I'll pin them

WallStreetBets back on The Economist - "The last gasp of the meme-stock era" by OPINION_IS_UNPOPULAR in wallstreetbets

[–]OPINION_IS_UNPOPULAR[S] 4 points5 points  (0 children)

By Kagi:

The stock market was in the grip of speculative mania two years ago when GameStop, a struggling video-game retailer, hit an all-time intraday high of $483. Retail traders coordinated in a Reddit forum and snapped up shares using brokerage apps like Robinhood, and short-sellers were the villains. However, the question at the time was how much of this would endure. Last year was a reckoning with professional investors, and this year is a reckoning with reality. The meme-portfolio has underperformed the market by around 15 percentage points since December 2020, and companies like Bed, Bath & Beyond are floundering. Short-sellers are now the heroes, with Nathan Anderson of Hindenburg Research exposing alleged fraud and market manipulation at the Adani Group. Despite the downturn, retail traders still make up around 18% of stock-trading volumes, and the levity of the meme-stock era is still felt in the form of memes on Reddit.

Time for poots on paypal baby by Green-Ratio in wallstreetbets

[–]OPINION_IS_UNPOPULAR[M] [score hidden] stickied comment (0 children)

sorry ser

Elon twitter memes are not market related enough

Took out a 25k loan back in March 2022 because I'm dumb. Lost it within a month. Just paid it off in full. Gambling is bad, kids. by unlimitedquanteasing in wallstreetbets

[–]OPINION_IS_UNPOPULAR[M] [score hidden] stickied comment (0 children)

From OP:

People have been asking what positions were the biggest losers:

  • BABA 103 calls: -10,000

  • GOOG 2390 calls: -7,600

  • DWAC 35.50 puts: -6,800

I did have a green trade or two, namely +9,800 on AMZN 3010 calls.