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Workhorse stock reddit6/13/2023 Still, the meme-trading phenomenon that started with GameStop may continue throughout the new year, even if GME stock itself is starting to look long in the tooth. Furthermore, short trading may facilitate holistic price discovery, thus potentially mitigating wild peaks and valleys. ![]() In the investment market, short trading is necessary, in part to weed out underperformers from accruing any more capital from unsuspecting or unsophisticated investors. The irony, though, is that committing such acts ruins the ecological balance that organically promotes harmony in nature. That is, Reddit traders may see themselves as the righteous hunter, blowing away birds of prey just as they swoop in for the kill. Well, those who are adamant about supporting Reddit stocks to buy may demonstrate reverse psychopathy. Hermann Ph.D., a researcher in human behavior and criminality. Right when you’re down on your chips, the community swoops in and stops the affluently cynical dead in their tracks.Īs many of you may know, cruelty to animals is “symptomatic of a deep mental disturbance,” per Henry R. Before the madness of now casually referred to as Reddit stocks, I bought (and still hold some) shares of GME.įrankly, it beat out every possible upside expectation I had for the rather speculative bet. Sharing information under the social media platform’s r/WallStreetBets community, an intrepid few noted that major hedge funds were well-overleveraged in their bearish position on GameStop (NYSE: GME), a struggling video games and accessories retailer that was increasingly becoming irrelevant as gaming transactions increasingly occurred online. ![]() ![]() However, for a glorious year in 2021, the burgeoning concept of Reddit stocks proved that, sometimes, the market can defy gravity. Under the commonly accepted paradigm of Wall Street, many investors are able to thrive on the way the market is set up.
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