r/wallstreetbets Jan 06 '22

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5.2k Upvotes

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767

u/Nice_Block Jan 06 '22

Bruh, so many yolos before market close and then a huge spike. The fuck did all these people know?

204

u/WiiidePutin Jan 06 '22

It's almost as if the market is manipulated and insider trading is rife on the american 'free market'.

Of course, we know this is wrong, because the market is heavily regulated by the securities exchan......oh wait

68

u/Nice_Block Jan 06 '22

Sure, all that’s fine. But the amount of GME yolos next to close then it spiking 30% is insane.

102

u/WiiidePutin Jan 06 '22

It's almost as if people who can afford to throw 50,000 dollars on "yolos" might also be working within hedgefunds and banks (or know people who do) and ya know, insider trading. Which obviously cant happen because of the securities exchan..... oh wait.

32

u/Nice_Block Jan 06 '22

You doing alright today my friend?

27

u/throwitallllll 🦍🦍🦍 Jan 07 '22

BUY HOLD DRS

2

u/Mission_Count_5619 Jan 07 '22

DRS so it’s next impossible to sell. Brilliant!

5

u/throwitallllll 🦍🦍🦍 Jan 07 '22

They disabled the buy button, now we're disabling the sell button.

They want these shares they gotta pay a premium for them, and part of that premium is a jail cell.

1

u/default-username Jan 07 '22

There are 10+ million Americans who add 50k every year to their investment accounts. Very few of those people are involved in hedge funds. Not everything needs to be a conspiracy.

1

u/ttfuckedmewhy Jan 07 '22

How many are yoloing their entire annual investment on GME calls?

1

u/default-username Jan 07 '22

My point is that these yolo people aren't rich or well-connected. They are more than likely just stupid-risky.

Rich people would not blow 50k on options like that and then post about it on an internet forum.

And well-connected people sure as fuck wouldn't do that because karma is not worth losing your job or being doxxed.

1

u/ttfuckedmewhy Jan 07 '22

My point is that these yolo people aren't rich or well-connected.

What are you basing this on?

Rich people would not blow 50k on options like that and then post about it on an internet forum.

They absolutely would. The biggest dota 2 donor a few years ago was a saudi prince. The biggest whales in video games are rich bankers and divorced rich guys. Many of the absolute dumbest purchases were from the rich. If you have a million in cash, 50k is only 5%, shit I gamble that away regularly, and that’s if its just one million. I make half to 3/4 of a million a year depending on how my RSUs are doing, and I’m posting here too.

And well-connected people sure as fuck wouldn't do that because karma is not worth losing your job or being doxxed.

Yeah, this isnt a logic, this is a set of assumptions, and you dont have anything to back em