Pretty sure the term savvy investor doesn’t apply to dipshits who baghold meme stocks lol
It’s just so sad that some people are still hanging on to the GME bullshit after so long. Their ego doesn’t allow them to acknowledge that they made a bad choice, and got fucked.
So instead of just walking away, they dive deeper and deeper into this echo chamber, insisting you’ll make millions off some shitty retail stock just because a few people got lucky almost 4 years ago.
Just because a few people got lucky…? My dude, instead of parroting media talking points do the reading so you know what’s actually keeping folks holding the stock.
What media? What talking points? I was there when it went down, I bought the stock, my opinion is my own. They hold the stock due to a sunk cost fallacy. There’s bound to be a little bit more nuance for some people but in my opinion it is a waste of time.
Talking points: That bunch of retail traders made a bad choice and ego won’t allow them to bail out. That it was ‘luck’ for a few people a few years ago.
It may have been a bad choice for you and that’s why I wonder why you posted what you did instead of your own opinion baked through your own experience. More powerful words generally come from personal experience.
I’m not here arguing with you about the stock, it being a good/bad investment isn’t what I’m on about. I guess I’m more hung up on why you said what you did.
Like, what was it that compelled you to post such a banal response to this post? It’s so sad that people are holding stock in a company with a ton of cash, a motivated and aligned management team, and very little debt?
Sounds like you’re painting a brush and saying that any person holding Gamestop makes you sad. It’s a pretty broad assertion that, honestly, feels like it has a story behind it.
To me, all this stonks nonsense is just investors with a new scam trying to supplant the investors running the old scam.
Anyway it’s a good thing in that it exposes the grade-school explanation that the “stock market is a meritocracy where the best businesses/ products rise to the top” as total bullshit.
An alien looking at the stock market would assume that Tesla makes the best cars; MacDonald’s the best food; and Microsoft the best software.
Didnt know I was enlisted! Thanks MSM!
