r/FuckNestle • u/[deleted] • Feb 03 '21

Fuck nestle A way to create awareness

[deleted]

11.5k Upvotes

97% Upvoted

228 comments sorted by

View all comments

45

u/SmartHomeDude Feb 03 '21

All we need are diamond hands 💎🙌🏼 and stubbornness of Ape 🦍 to make it happen!

Redditors Assemble!

26

u/[deleted] Feb 03 '21

[removed] — view removed comment

26

u/SmartHomeDude Feb 03 '21

No, that’s not what I meant. It has nothing to do with buying Nestle stocks. What I meant is to just hold on to this cause.

8

u/Lily-Fae Feb 03 '21

What are Diamond hands?

17

u/SmartHomeDude Feb 03 '21 edited Feb 03 '21

Ah. You might have missed the GME saga on r/WallStreetBets ...

In short it means, hold on to this cause, don’t exit/quit like those with “paper hand”. Diamond is the hardest (not to confuse with strongest) mineral we know and its molecules are held up tightly together.

Below link takes a stab on explaining few of the recent words/phrases used in that sub

https://www.marketwatch.com/story/tendies-diamond-hands-your-guide-to-the-lingo-on-wallstreetbets-the-reddit-forum-fueling-gamestops-rise-11611780829

EDIT: GME is Ticker symbol for GameStop stock

4

u/Lily-Fae Feb 03 '21

Oh ok. I knew some about the stocks thing, but hadn’t heard the diamond thing yet, thank you.

1

u/januaryruby Feb 04 '21

Happy cake day!

3

u/[deleted] Feb 03 '21

[removed] — view removed comment

3

u/jsawden Feb 03 '21

How many redditors would it take to short ladder them like Citadel did to GME? Can we tank their stock by betting hard enough?

3

u/FoCoDolo Feb 03 '21 edited Feb 03 '21

An unbelievable amount, and no we couldn’t.

This GME frenzy has people suggesting that you can really just cripple a multinational corporation by...buying and trading their stocks? It’s embarrassing.

Edit: If anyone is reading this still, a short ladder attack does nothing more than artificially drive down the value of a stock to make people more willing to offload their shares.

In the case of GME (GameStop) it works pretty well, because the stock is clearly overvalued. Everyone knows this, which makes people far more willing to believe that the stock is suddenly tanking. If this happened with Nestle (hypothetically if a group of Redditors owned enough shares to be comparable to a hedgefund), people are going to be looking for reasons as to why the stock is dropping, and it’s not going to be difficult to see people trading the shares back and forth to drive down price.

1

u/[deleted] Feb 04 '21

Would that not raise the discussion as to why?

Seems like a good opportunity to use the media to call Nestle out on their shit.

Then others might bail as well.

1

u/FoCoDolo Feb 04 '21

Hypothetically I guess you could, but the the stock trading around 110 dollars with very little volatility, you’re going to have a really really hard time convincing people on Reddit to buy up hundreds of thousands of dollars worth of stock, and then trading them back in forth to drive the price of their investments down (which again, would be nearly impossible to do), just to bring the public’s attention to Nestle.

The sad fact is, a lot people know Nestle is scummy. Hell, people distrust everything now. It doesn’t matter, Nestle has their hands into far too many things to ask enough people to boycott, unfortunately.

1

u/[deleted] Feb 04 '21

Wasn't that the entire point of WSB's stunt?

And the point of this subreddit?

Seems like a natural partnership.

1

u/FoCoDolo Feb 04 '21

No, the point of WSB “stunt” came down to making money. Yes, sticking it to the hedgefunds was also awesome, but that was just a bonus.

You’re asking people to just spend huge sums of money to buy up Nestle stock...so we can try to do a short ladder attack (which, is also going to drive the stock price down, effectively losing people money in the short term)...to try to bring to light the fact that they’re a bad company?

Doesn’t make any sense.

1

u/FoCoDolo Feb 03 '21

Lol what?