Members post trade rationales, promissory tendies language, and account snapshots verifying personal buying. Before a trade can achieve meme status, it seems, it starts quietly on WallStreetBets as DD, short for due diligence, but more closely resembling dude belligerence. (HTZGQ), whose shares spiked this past summer even though the car-rental chain had filed for bankruptcy.ĭo you see what I’m getting at? If so, can you give me a hint? Oh, right: I’m pretty sure the young, capital-light, and risk-hungry have figured out how to monetize a hidden asset-their ability to recognize memes faster than the rest of us. The others are variations on the theme of written-off and shorted companies soaring-another meme. The AMC name mix-up looks a lot like an iteration of the Zoom trade-a meme, in other words. (AMC) exploded higher this week before reversing, and so did those of a separate television company with a similar name, “My response to that is, who’s the fool? They made more money than had they invested in the actual Zoom company.” He was referring to multiple episodes where shares of a tiny Chinese phone-parts maker with the ticker ZOOM soared, seemingly because ill-informed traders mistook it for “People say, ‘These fools don’t know what they’re doing-they’ve invested in the wrong company,’” he says. Rogozinski says he started WallStreetBets in 2012 because he wanted to learn about “high-risk, high-return-type trades,” but online communities were then focused on “diversifying and controlling your risk.” He says investors who mock the Robinhood set for not making sense miss the point. “The boomer says to the millennial, ‘What are you, growth or value?’ And he goes, ‘I’m a meme investor, and I’m kicking your ass.’ ” “Nowadays you have value and growth on one side and you have memes on the other side,” Jaime Rogozinski, creator of the WallStreetBets forum, told me this week. I need to learn more about meme-based investing, pronto. They’d downvote my post and call me a boomer, which is technically wrong but meme-logically on point, and would hurt like a spiritual kick in the tendies (am I using that right)? I’d probably add the wrong number of rocket-ship emojis, or misuse “tendies,” which we all learned this week is short for chicken tenders-WallStreetBets slang for money. On second thought, if I post my Wonka on WallStreetBets, those Robinhood young guns will sense right away that I’m barely meme-literate and nearly as old as the film.
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