LogFAQs > #980373099

WingsOfGood posted...

These are longterm promises greater than three years or you would claim it was a pump and dump back when the whole market was red.
GME is barely at 3 years yet it is a pump and dump?

Something seems off in your logic. Also retirement accounts have bought GME too.

The current ape movement doesn't even align with why Gill originally bought it and told others to buy it. It transformed from "gamestop will make more revenue soon with new consoles releasing" to "gamestop is the catalyst through which the revolution will begin. all of us lifelong losers will topple the elite and demand BAJILLIONS per share of our failing retail company and they can do nothing to stop us. DRS DRS THE END TIMES ARE NIGH". The prophets of the cult are the pump and dumpers. Who spread these weird nonsensical stock market ramblings ("DD", as you would refer) to encourage each other to buy more. Selling stocks is for non-believers, and those who would dissuade you from buying more of the holy elixir of gamestop stock are faithless heretics who should be rightly ridiculed. The shadowy enemy will be defeated if you encourage all of your friends and family to buy more gamestop. It is a pump and dump turned apocalyptic fantasy cult, with Ryan Cohen and Gill himself as the messianic figures in the center.

None of that is how regular stocks work. None of that is how regular people invest. Regular people look through the plan prospectus at work while selecting their 401k portfolio on a boring Fidelity or Vanguard webapp. They select between one of a few mutual funds based on which one probably has the lowest expense ratio. The funds offered are weighted to track some index, like the S&P 500 for example. There's no emotion to it. There's no manipulation, unless you think tracking the market is manipulation. Yes gamestop would be part of mutual funds, because it is in the market too.

Regular people get wealthy doing that. I'm pretty well off myself doing boring investing, having begun by reading all of Jack Bogle's books when I was very young. Most people end up retiring this way through 401ks and IRAs they steadily invested in doing boring stuff for decades. What you're doing is trying to skip the boring stuff, both to get the high of gambling and also because you're easily susceptible to get rich quick schemes. Deep down you know nothing about the gamestop cult actually makes any sense. But you justify it by roleplaying like you're actually the good guy taking down the evil bad guys, and not just trying to make a quick buck.