Reddit’s Battle With Wall Avenue Over AMC, GameStop Inventory A ‘Ponzi Scheme,’ Can’t Final
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One thing analysts watching wonder is whether the Reddit traders will lose their hundreds of thousands at any time when the stock eventually crashes again to earth. Rogozinski, the man who helped found the Reddit community, mentioned their method to investing as more like gambling than traditional analysis and strategy. Its members, who the community identifies as “degenerates,” usually encourage each other to push all their funds into one stock, riding it up and down. Their posts are punctuated with phrases like “hold the road” and “diamond hands” (hold onto your stocks for a long time) and YOLO (you only stay once).
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