Re: The narrative behind gamestop and wallstreetbets (a parody)
I'm not saying my analysis here is 100% accurate or amounts to more than a parody. Available data at this point is too preliminary to draw hard conclusions.
But it could be worth thinking about.
But it could be worth thinking about.
If that was the plan, it's not working. Now r/wallstreetsbets is entering the crypto space: they just pumped Dogecoin from $0.007 to $0.04 in 24 hours! https://arstechnica.com/tech-policy/2021/01/wallstreetsbets-craze-pushes-dogecoin-up-5x-in-24-hours/
These guys are no joke. Pay attention, because now they're playing in our backyard.
I would be curious to know how much $$ it took to pump gamestop stock.
The number would probably be outside the budget of retail investors.
Most likely scenario is the federal reserve or another major power behind it. They're the only ones with that kind of money.