After Gamestop $GME actually causing a ruckus in the market what is next? The Reddit group @r/wallstreetbets bets have become slightly laclustre. I’ve been sitting quietly on the sidelines watching my $GME shares sit at half the price I bought them (luckily only a small investment). I’m still holding, still believing but what now?
Whilst memes of Kittens and CNBC populate the threads, there seems to be nothing much in the way of our next attack.
Perhaps though this is because:-
- r/wallstreetbets are worried about becoming scapegoats if anything happens with the markets crashing
- r/wallstreetbets are waiting for the outcome of the government hearing where I’m sure Robinhood and the Hedge funds will get a slap on the wrist at most for their behaviour during the massive moves in the market. I am not quite sure if anyone from r/wallstreetbets will be there.
My thoughts are — I’m intrigued and still keeping the faith. Faith in what you ask? Faith in the fact that a movement of retail traders who are normally smacked around by hedge funds and other large investors took hold of the institutions and gave them the shock of their lives.
Come one r/wallstreetbets. Let’s do something new. I’m excited by what this could do. Let’s rock the markets, let’s balance the books. Institutions stand back — retail traders are coming.
Shout out to eToro (you can buy $GME stock with no commission in the UK)
https://www.ukbitcoinblog.com/general-info/what-next-in-the-war-of-r-wallstreetbets/