LogFAQs > #980374503

WingsOfGood posted...

Do you think the guys doing the idiotic DRS stuff are why it jumped today?
They been supposedly doing this for the past 3 years and the stock just kept dropping.
Did a huge surge of new "cultists" join or something? Or the surge is unrelated?

Likely a mixture of new and old cultists. Superstonk is currently on the front page of reddit. So some new people might be joining. Some people not in the cult might remember the multi-day surge 3 years ago and think they can ride it for a quick buck, as long as they exit the position before everyone else does. More importantly though, I think the cult has been dwindling and slowly losing hope month by month ever since the original surge.

The early days following the surge promised a greater surge in the near future, but as time went on and everyone's portfolio lingered they had to get creative inventing new reasons why the shadowy evil figures have been holding us back, or why the good guys on our side have yet to secure the promised Stock Market Parousia. Gill tweeting all of the sudden reinvigorated the wavering faith of the cultists. And since gamestop cultists pride themselves on bragging about how many stocks they own (why would it matter if every stock will be worth a bajillion dollars....?) and "locking the float" in DRS as you mention (the logic of which is some weird qanon-ish sovcit idea of how stocks work), I think a lot of believers just threw a ton more money into it.